[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 360.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: minerpart on November 16, 2013, 06:55:24 PM

Quote from: VolanicEruptor on November 16, 2013, 06:54:13 PM

ENGINEERING COSTS don't exist on the report!!! I'm not making some rash assumption --- that is FACT! Don't you wonder why they are not there??

NRE Expense 10,275.42

Manufacturing Parts 3,510.86

the wall was $200,000.. so what do those numbers have to do with it?

minerpart

sr. member

Activity: 280

Merit: 250

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OK I think I've completely annihilated the Trolls on here (again) throughout the today.

It's really not all that hard to be honest.

It's been a good evening guys. Nice chatting to you all, keep up the brave efforts. I bet you mums are glad you have something to do with your days at least.

bye y'all!

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: VolanicEruptor on November 16, 2013, 06:54:13 PM

ENGINEERING COSTS don't exist on the report!!! I'm not making some rash assumption --- that is FACT! Don't you wonder why they are not there??

NRE Expense 10,275.42

Manufacturing Parts 3,510.86

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: minerpart on November 16, 2013, 06:51:22 PM

Quote from: VolanicEruptor on November 16, 2013, 06:48:09 PM

Quote from: minerpart on November 16, 2013, 06:45:09 PM

Quote from: VolanicEruptor on November 16, 2013, 06:42:18 PM

probably because engineering costs refer to his own salary

His salary is there in black and white. It's 20k over 3 months. If you were right it would have been at least 80k. Now grow up.

You still didn't address my concern about the "engineering costs". I'm very certain that Ken paid himself more than 20k over 3 months.

If he hid his wages under 'engineering costs' he would be committing fraud - which would be in black and white and easily traceable. But if he just paid himself 80k he wouldn't be comiting fraud and we couldn't question it. So WHY would he bother hiding it?

Keep trying.

ENGINEERING COSTS don't exist on the report!!! I'm not making some rash assumption --- that is FACT! Don't you wonder why they are not there??

bitwhizz

legendary

Activity: 910

Merit: 1000

gentleman, thier is no scam here, why are we even talking about this, ignore VE and stop gettting worked up by what he says, VE is now an official activemining troll due to butt hurt, nothing too see here guys

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: VolanicEruptor on November 16, 2013, 06:48:09 PM

Quote from: minerpart on November 16, 2013, 06:45:09 PM

Quote from: VolanicEruptor on November 16, 2013, 06:42:18 PM

probably because engineering costs refer to his own salary

His salary is there in black and white. It's 20k over 3 months. If you were right it would have been at least 80k. Now grow up.

You still didn't address my concern about the "engineering costs". I'm very certain that Ken paid himself more than 20k over 3 months.

If he hid his wages under 'engineering costs' he would be committing fraud - which would be in black and white and easily traceable. But if he just paid himself 80k he wouldn't be comiting fraud and we couldn't question it. So WHY would he bother hiding it?

Keep trying.

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Chips are incoming, should expect something in the next week or so.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

From what I remember that second sell wall was for $200,000..
so where did that go exactly?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: minerpart on November 16, 2013, 06:45:09 PM

Quote from: VolanicEruptor on November 16, 2013, 06:42:18 PM

probably because engineering costs refer to his own salary

His salary is there in black and white. It's 20k over 3 months. If you were right it would have been at least 80k. Now grow up.

You still didn't address my concern about the "engineering costs". I'm very certain that Ken paid himself more than 20k over 3 months.

crumbs

full member

Activity: 210

Merit: 100

Quote from: minerpart on November 16, 2013, 06:45:09 PM

Quote from: VolanicEruptor on November 16, 2013, 06:42:18 PM

probably because engineering costs refer to his own salary

His salary is there in black and white. It's 20k over 3 months. If you were right it would have been at least 80k. Now grow up.

As i remember, there are two other Slaughters listed. Suppose they work for free Huh

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: VolanicEruptor on November 16, 2013, 06:42:18 PM

probably because engineering costs refer to his own salary

His salary is there in black and white. It's 20k over 3 months. If you were right it would have been at least 80k. Now grow up.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: Vigil on November 16, 2013, 05:55:43 PM

Shouldn't there be some sort of payments to whoever is designing the boards for the chips? That should be a sizeable amount of money - say $50k-$100k.

Good question, there is the eASIC payment-

Prepaid NRE -912,005.00

plus there are these two under Profit and Loss/Expenses-

NRE Expense 10,275.42
Manufacturing Parts 3,510.86

So 14k would seem enough for a decent supply of boards. Remember this is 6weeks old, so there will have been more boards ordered since then.

EDIT - Having said that NRE - so it would be a one-off so couldn't be part of a larger run of boards. Must have been a payment to eASIC for a sample run of chips?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Stuartuk on November 16, 2013, 06:19:37 PM

Quote from: Vigil on November 16, 2013, 06:16:40 PM

Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.

But VE says Ken is happy with his 26k of computer equipment and will probably retire happy now. Cheesy

I'm not talking about 26k. Remember when we thought the NRE was paid and he put up another sell wall to cover "engineering costs"? Where did that go in the report? I don't see it...probably because engineering costs refer to his own salary

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

48 Weeks™

minerpart

sr. member

Activity: 280

Merit: 250

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Lets face it, if Ken was trying to cook the books he would have paid himself 80k over the past 3months not 20k. And he wouldn't have left over 150k in cashflow lying around he would have used that up in 'expenses'.

And he would have 'spent' 50k on lawyers fees not 7.5k. None of this conspiracy theory makes sense - except to VE perhaps. The man with a massive personal grudge.

EDIT - and under 'automobile expense's instead of $75 it would be $25,000 for a new car as his old one was unfit for purpose. You see how it would have gone if VE was right. He couldn't be more wrong.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Stuartuk on November 16, 2013, 06:19:37 PM

Quote from: Vigil on November 16, 2013, 06:16:40 PM

Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.

But VE says Ken is happy with his 26k of computer equipment and will probably retire happy now. Cheesy

I just don't see what the big deal is about producing these miners. You get someone who can make the hash logic work, you get someone who can make ASICs (eASIC), you get someone who can build the boards. Done. Its not like you are building a damn laptop or something. This thing does one calculation over and over again.

As long as you know who can do those things and can pay them, what is the hold-up? It would be dumb to put in all the work to establish the capital, workout the ASIC contract and then not make the rest happen.

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: Vigil on November 16, 2013, 06:16:40 PM

Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.

But VE says Ken is happy with his 26k of computer equipment and will probably retire happy now. Cheesy

Vigil

sr. member

Activity: 378

Merit: 250

Ken has much more to gain by just getting these chips running than going through all the stuff to get the chips developed than to just take a few hundred thousand.

4ju5tice

member

Activity: 111

Merit: 10

Quote from: hazryder on November 16, 2013, 06:09:59 PM

Holy crap, I've played Counterstrike matches with angry 12 yearolds that didn't moan and cry anywhere near as much as some of the users in this thread, you should be embarrassed of yourselves for turning a relevant discussion thread into an almost consistently off-topic flame war.

It's a shame because some of you sound like you could actually provide valuable insight if you weren't so busy flexing your e-dicks. What's worse is it's the vocal (and now ignored) minority that are ruining it for the rest of us, please re-consider if bitching at each other is a valuable use of yours, and everyone that has to read your crap's, time.

Thanks. Roll Eyes

This whole page shows up as 'ignored' for me. You're the only post I can actually see. Including the two that have been posted after I tried to submit this the first time...

Go outside people, there's a real world out there. Not much will happen in these threads, and it can only be good news, so there's not much to worry about. We don't have our shares, it's not like we could sell if we even wanted. Take a walk. Go get icecream with some of the satoshi dust we've gotten. Mcdonald's still gives out free kiddie cones!

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: VolanicEruptor on November 16, 2013, 06:03:58 PM

Did you ever see his business profile? He has started up previous companies with a similar strategy, mostly web hosting.

Yeah I very diligently looked into that (no issues) and found his home address and saw his picture before you turned up on this thread if I remember correctly. I also contacted someone in Springfield to check out the activity at the business premisses before I invested.

So you really think he would take 26k of computer equipment and 20k in wages (after 6months work!) rather than use the pre-order money now to order chips and make several million in miner sales in a months time?

You think anyone would do that? Would YOU?!

Can you even be sensible for a minute or is this personal grudge you have going to drag you down even more into absurdity? It's really pathetic, you must be very young.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 360. (Read 771542 times)