[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 383.

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: LorenzoMoney on November 11, 2013, 09:00:05 AM

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/

Also, Luke and his crew does a very good job of maintaining the site.

Lorenzo Money

Ken, if you switch, please post the address to the first page of this thread, so we do not have to search for it from 120+ pages of mostly useless crap. Wink

kslaughter

sr. member

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VMC Sales:

3rd Quarter 2013 $1,404,217

October 2013 $520,898

Total Sales YTD $1,925,115

WikileaksDude

hero member

Activity: 490

Merit: 500

Quote from: Bargraphics on November 11, 2013, 09:02:30 AM

Quote from: LorenzoMoney on November 11, 2013, 09:00:05 AM

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/

Also, Luke and his crew does a very good job of maintaining the site.

Lorenzo Money

BTCGuild has 3% fees
Eligius has 0%

Ken could be merged mining NMC does he do this currently (Although it would be next to nothing right now)

Eligius is ran by Wizkid057 and they are always helpful and online at Freenode #Eligius

Yes this would be a good idea indeed!

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: funkymunky on November 11, 2013, 10:13:08 AM

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

Do we know how many chips are usually given in the prototype and subsequent low volume phases of production? If the current hashrate (1.4th/s) is a result of the klondikes (307gh/s), avalons (430gh/s), and sample chips (~700gh/s aka 35-43 chips), would it make sense for the 3th/s to come from the low volume (150-187 chips) process? Does anyone have more concrete numbers about how many chips to expect in the sample and low-volume stages?

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: Bargraphics on November 11, 2013, 10:57:46 AM

I would like to see the current prospectus followed through before any changes were made, I don't even believe shareholders could vote to change the prospectus so it would be silly speculating if that is the case.

The total percentage cost associated with reinvest are not defined in the IPO agreement. So Ken can reinvest 5% or 100% of mined revenue and we have no contractual say in that. But Ken is open and responsive enough to allow us input into these sort of decisions - the most recent example was the feelers he put out on here over the Avalon chip refund application. He went ahead only after consulting on the thread.

So we are consulted and everyone is free to voice their own views on this. But like I say Ken can chose whatever figure he thinks is best. At the moment he is saying that is 50% but he might want to go higher but won't incase investors are not happy. Ofcourse he might think 50% will be more than enough once we get hashing seriously.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

We can't expect Ken to be a stockbroker. He would covert the btc as and when needed I'm sure.

For example if 30btc can get us two more top end miners that will mine us 90btc over their lifetime then thats the sort of business decision I would expect him to make. He has far too much to do already without sitting around watching the price of btc fall and rally.

Bargraphics

hero member

Activity: 518

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

I would like to see the current prospectus followed through before any changes were made, I don't even believe shareholders could vote to change the prospectus so it would be silly speculating if that is the case.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Sure that is possible, we discussed that on the thread recently. At 400USD per btc we are talking 12,000 USD over the next 2weeks. If Ken thinks we would be better over the medium term using the next months or so mining proceeds to reinvest I would be all for it.

But I would want to see a breakdown of why that would make our divs after that month of total reinvest substantively bigger than the agreed 50% reinvest. In other words I couldn't back a total reinvest without a clear explanation as to why its best for us and the company.

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: Vigil on November 11, 2013, 10:43:30 AM

Quote from: minerpart on November 11, 2013, 10:35:11 AM

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before of after this reinvestment 50% has been taken off?

I'd rather Ken keep all the BTC dividends until we see where this price goes and then sell and rebuy lower. Then pay the dividends.

Yeah, because that always works. I don't want Ken to speculate with my divs.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: minerpart on November 11, 2013, 10:35:11 AM

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before of after this reinvestment 50% has been taken off?

I'd rather Ken keep all the BTC dividends until we see where this price goes and then sell and rebuy lower. Then pay the dividends.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before or after this reinvestment 50% has been taken off?

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: funkymunky on November 11, 2013, 10:13:08 AM

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

I hope this is the case. Let's hang on for some official news this next week or two.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: funkymunky on November 11, 2013, 10:13:08 AM

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

Plus the original 2.8 btc payment

That makes 9.6 btc

funkymunky

sr. member

Activity: 283

Merit: 250

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

Ozymandias

sr. member

Activity: 644

Merit: 250

Which mining software do we plan on using for our chips? Do we plan on writing our own custom software or sending a few chips over ckolivas/kano's way to get us into cgminer?

drawingthesun

legendary

Activity: 1176

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Quote from: lammedraak on November 11, 2013, 09:43:07 AM

6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa Grin

This is seriously cool.

deizel

member

Activity: 114

Merit: 10

Quote from: lammedraak on November 11, 2013, 09:43:07 AM

6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa Grin

Could have been 7.10123989691 BTC without the 3% pool fee Tongue

lammedraak

newbie

Activity: 24

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6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa Grin

Bargraphics

hero member

Activity: 518

Merit: 500

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

Quote from: LorenzoMoney on November 11, 2013, 09:00:05 AM

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/

Also, Luke and his crew does a very good job of maintaining the site.

Lorenzo Money

BTCGuild has 3% fees
Eligius has 0%

Ken could be merged mining NMC does he do this currently (Although it would be next to nothing right now)

Eligius is ran by Wizkid057 and they are always helpful and online at Freenode #Eligius

LorenzoMoney

sr. member

Activity: 335

Merit: 250

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/

Also, Luke and his crew does a very good job of maintaining the site.

Lorenzo Money

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 383. (Read 771566 times)