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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 374. (Read 771301 times)

sr. member
Activity: 316
Merit: 250
so was the big announcement for a november a 1mil sale? I can't remember what's what anymore.

No, he most likely was not able to tell the future when Novermber 15th was originally chosen. In the below quote he seems to be mentioning this sale in real time.

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.
_______________________________________________________________________________ ______

Below is the mentioning of the November 15th announcement.

VMC Sales:

3rd Quarter 2013           $1,404,217

October 2013                   $520,898

Total Sales YTD             $1,925,115

Thank you.
Are you going to publish the full picture (balance sheet, CF and PL statements) on 15th, as promised?


Yes, we are working on it.
_______________________________________________________________________________ _____

Below is a short exchange between Ken and me a little while ago, these question could be or could not be answer Friday.

Ken,
I may be repeating old questions that I forgot were answered but:


1) Were sales from previous months converted to BTC or kept in USD?



2) If everything goes well, will the accumulated profits from pre-sales in Sept-Nov be delivered in one large dividend or increments over time?



3) If, whatever likely or unlikely reason, ActM/VMC fails to deliver/mine/accrue profits is there a reserve of cash to attempt to reimburse shareholders for the loss?


Thanks

Very good questions, I will keep these questions and answer them in an announcement.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
I refer you to the following:

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

There are 4 times as many billionaires in the US than in China.

why are Chinese billionaires more likely to invest in BTC than any other nation? What do you base that wildly speculative premise on?


Bitwhiz,

Although the average wage in China may be low, there are many very wealthy people in that country.
I refer you to the following:

http://www.mckinsey.com/insights/marketing_sales/understanding_chinas_wealthy
http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/

I could provide more links proving that there are MANY VERY wealthy people in China.

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much


off topic? anyone?

please don't go on for three pages about Chinese riches. please?
sr. member
Activity: 448
Merit: 250
I refer you to the following:

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

There are 4 times as many billionaires in the US than in China.

why are Chinese billionaires more likely to invest in BTC than any other nation? What do you base that wildly speculative premise on?


Bitwhiz,

Although the average wage in China may be low, there are many very wealthy people in that country.
I refer you to the following:

http://www.mckinsey.com/insights/marketing_sales/understanding_chinas_wealthy
http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/

I could provide more links proving that there are MANY VERY wealthy people in China.

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...


so was the big announcement for a november a 1mil sale? I can't remember what's what anymore.
legendary
Activity: 910
Merit: 1000
No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much
newbie
Activity: 54
Merit: 0
https://www.btcguild.com/index.php?page=rankings§ion=teams

Team AMC is currently ranked at #20 in blocks found.  Does this mean anything?  Change from before?

Have now dropped to #24.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?
newbie
Activity: 18
Merit: 0
Just transfered my shares to AMC-TENDER, was there anything else that we need to do?  Like sending Ken an email with the transaction timestamp and public bitcoin address?  Similar to how we did the last transfer from BTCT to Bitfunder?
newbie
Activity: 11
Merit: 0
Smiley Just kidding.

Winklevoss' predict market cap of BTC at 400Billion. And the rest I say.


From what I can understand that was a "conservative estimate". They are probably thinking higher, but didn't want to throw out a huge number to not come off as insane.
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
 Smiley Just kidding.

Winklevoss' predict market cap of BTC at 400Billion. And the rest I say.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
------BEGIN-------
Sent some shares over Ken. Smiley Hope it is not too late.
2013-11-13 14:21:39   Send Transfer To: AMC-TENDER
ActiveMining: 2,046 Share/s
Also sent you the same amount of Bitpride shares by mistake XD You can keep them if you like.
-----END----------

All text between BEGIN and END is signed.
Address:1karsyxPRz9Ms26AukKwVNHwSfiAyQSCU
Signature:HCykiMh7homh7kv9/090aTPCw7Aj/HO5KHA9jRJpQ1Mtmtx8PrzxaU8zWWoSH7BEyvT9GQpT01tsy2dUt5ud5dQ=

Signatures shouldnt be posted in public until its ensured no one other could use the signature to claim its his address. Yo used a specific text for the matter but now any other could send this signature to ken too. Its better to keep such things private. Normally i would await ken is asking for a message to sign anyway.
Not really you have to posses the address. As that is where the divs are sent. Ken would be stupid to give you the shares on some other address, just because you seemingly own one.

Nevertheless, this is not information you should have made public… NO MATTER WHAT.
All it means is that if Mr. Taxman really wants he can come and milk because he has a name.

not to mention: you weren't asked by Ken to provide this information and you're just cluttering up and already cluster-fucked thread.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
------BEGIN-------
Sent some shares over Ken. Smiley Hope it is not too late.
2013-11-13 14:21:39   Send Transfer To: AMC-TENDER
ActiveMining: 2,046 Share/s
Also sent you the same amount of Bitpride shares by mistake XD You can keep them if you like.
-----END----------

All text between BEGIN and END is signed.
Address:1karsyxPRz9Ms26AukKwVNHwSfiAyQSCU
Signature:HCykiMh7homh7kv9/090aTPCw7Aj/HO5KHA9jRJpQ1Mtmtx8PrzxaU8zWWoSH7BEyvT9GQpT01tsy2dUt5ud5dQ=

Signatures shouldnt be posted in public until its ensured no one other could use the signature to claim its his address. Yo used a specific text for the matter but now any other could send this signature to ken too. Its better to keep such things private. Normally i would await ken is asking for a message to sign anyway.
Not really you have to posses the address. As that is where the divs are sent. Ken would be stupid to give you the shares on some other address, just because you seemingly own one.

Nevertheless, this is not information you should have made public… NO MATTER WHAT. This has been gone over on other threads regarding signing with address.

Sou
full member
Activity: 210
Merit: 100
(Bitcoin related text here)
So $3 million in sales = 6,896 BTC

50 % paid to shareholders = 3,448 BTC

/10 mill shares = .0003448 / share
 
Will we see this, or am I missing another cut?

Even if that $3 million was guaranteed money in the bag, that's not the take home. You'd have to subtract all the cost of manufacturing. If i was going to pull a number out of my ass i'd guess $400k - $500k would be going to div's.
full member
Activity: 169
Merit: 100
So $3 million in sales = 6,896 BTC

50 % paid to shareholders = 3,448 BTC

/10 mill shares = .0003448 / share
 
Will we see this, or am I missing another cut?

That's not profit.
member
Activity: 76
Merit: 10
So $3 million in sales = 6,896 BTC

50 % paid to shareholders = 3,448 BTC

/10 mill shares = .0003448 / share
 
Will we see this, or am I missing another cut?

Revenues <> Profits
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
------BEGIN-------
Sent some shares over Ken. Smiley Hope it is not too late.
2013-11-13 14:21:39   Send Transfer To: AMC-TENDER
ActiveMining: 2,046 Share/s
Also sent you the same amount of Bitpride shares by mistake XD You can keep them if you like.
-----END----------

All text between BEGIN and END is signed.
Address:1karsyxPRz9Ms26AukKwVNHwSfiAyQSCU
Signature:HCykiMh7homh7kv9/090aTPCw7Aj/HO5KHA9jRJpQ1Mtmtx8PrzxaU8zWWoSH7BEyvT9GQpT01tsy2dUt5ud5dQ=

Signatures shouldnt be posted in public until its ensured no one other could use the signature to claim its his address. Yo used a specific text for the matter but now any other could send this signature to ken too. Its better to keep such things private. Normally i would await ken is asking for a message to sign anyway.
legendary
Activity: 1025
Merit: 1000
So $3 million in sales = 6,896 BTC

50 % paid to shareholders = 3,448 BTC

/10 mill shares = .0003448 / share
 
Will we see this, or am I missing another cut?
hero member
Activity: 630
Merit: 500
FYI - i think i found the bug where it is showing items in stock.  the bug appears to be when you select the platinum unit, and then select the bottom item in each of the drop downs.  it's only when you have all those selected (6 expansion cases, 24.576th/s 19200 watts, 1.536th/s  1400 watts) that the "availability prepaid order" changes to "971 items in stock."

sr. member
Activity: 378
Merit: 250
Anyways if anyone has any information on this. Divs are going out today and some form of information is being given out today/this week by Ken as well right?

Thank you =)
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
I mean you still have time.

What did you mean when you said you were unable to tender?

The time limit being UNTIL today, which as I understand it would be 23:59:59 12/11/13.

14th

For some reason ken wants it to be done till 13th. And he didnt mention when exactly, what timezone and so on.

Quite right, apologies, 13th.

It's half past 1 in the afternoon right now Ken's time (or very close). 'By the 13th' would be another 10hours from now.
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