here's an example of a really good ASIC manufacturer update:
KnC News Update
Concise and well written and English isn't even their first language.
also, more importantly, a backup plan to deliver hashing power no matter what.
…just saying.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 39. (Read 771276 times)
February 04, 2014, 02:16:09 PM
February 04, 2014, 02:12:18 PM
Ken - a few questions
1. does this projection mean that you will only be mining with the 55nm chips and not be selling them?
1a. seems like selling the chips directly provides a quicker and larger return, and if that return is then turned into more chips... (you see where I am going with this)
2. you have the hardware costs at $1,338,000. does this include boards, assembly, installation, etc (basically all the costs for producing a working miner), or just chips?
3. can we assume that you would be mining in a pool, or are there plans to solo mine?
3a. if you are going to solo mine, do you already have software/server/etc setup to be able to do this?
4. you set the projection to start on May 1, 2014 for 1.292 PH. do you expect to have all the chips, boards, facility, etc up and running at the beginning of May 2014 for everything? Would June 2014 be "more" realistic date, or does it need to be pushed out further than that?
5. you have the electricity cost in as $0.022. What are the other costs involved (initial startup costs, the monthly data center rental, etc)?
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
7. not really a question - you left bitcoin price at 958 and the price rise at 10% monthly. I personally think that the numbers should reflect the current market and assume no change in BTC price. or have multiple "realities" were you run projections on $500 BTC, current price of BTC, and some higher priced BTC.
thanks.
1. does this projection mean that you will only be mining with the 55nm chips and not be selling them?
1a. seems like selling the chips directly provides a quicker and larger return, and if that return is then turned into more chips... (you see where I am going with this)
2. you have the hardware costs at $1,338,000. does this include boards, assembly, installation, etc (basically all the costs for producing a working miner), or just chips?
3. can we assume that you would be mining in a pool, or are there plans to solo mine?
3a. if you are going to solo mine, do you already have software/server/etc setup to be able to do this?
4. you set the projection to start on May 1, 2014 for 1.292 PH. do you expect to have all the chips, boards, facility, etc up and running at the beginning of May 2014 for everything? Would June 2014 be "more" realistic date, or does it need to be pushed out further than that?
5. you have the electricity cost in as $0.022. What are the other costs involved (initial startup costs, the monthly data center rental, etc)?
6. your projection shows essentially 1.7MW of power usage for those chips. that takes into account the chip power usage only. what are the additional projected power needs for all the other equipment?
7. not really a question - you left bitcoin price at 958 and the price rise at 10% monthly. I personally think that the numbers should reflect the current market and assume no change in BTC price. or have multiple "realities" were you run projections on $500 BTC, current price of BTC, and some higher priced BTC.
thanks.
Thanks for the good questions, I will try and answer as many of these as I can in the Wednesday update.
hopefully we will have some answers to these questions in tomorrow's update.
February 04, 2014, 01:56:20 PM
can someone post our dividend wallet again for ACTM. I forget where it is in this thread
https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
also: https://bitcointalksearch.org/topic/m.3192907
February 04, 2014, 01:30:29 PM
We have 9.8M other shares to worry about. Ken where are they at?
+1
As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares. So, once the accounts are created then trading will start.
Ken, WHEN is this happening!?
Could you commit yourself to at least this one date in front of your shareholders?
Yes, I will be working on this the next few days. I don't see to many problems getting it running ASAP.
So what exactly did you achieve in the "next few days" since the 31st?
Ken?
February 04, 2014, 12:06:47 PM
For anyone not in the know - all seized property under lien has to be sold in an open auction or some such similar method.
Retarded child:
Since the unlicensed shares are traded on an unregulated exchange, there is nothing preventing anyone from opening another account and snapping up all of the shares at this "open auction."
Even Ken can do it.
Troll harder.
Selectively appealing to lawz is idiotic.
February 04, 2014, 12:02:05 PM
For anyone not in the know - all seized property under lien has to be sold in an open auction or some such similar method. It must be offered to the public - interested parties cannot sell lien property between themselves. If that were allowed all sorts of 'deals' could be done to the detriment of the debtor.
In other words Ken could buy these 232k shares for 1BTC - it would save us a fortune but would be illegal.
In other words Ken could buy these 232k shares for 1BTC - it would save us a fortune but would be illegal.
February 04, 2014, 12:01:20 PM
The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
And legally he cannot destroy Ukyo's seized assets. He can only sell them to recover his losses and then return the remainder back to Ukyo. These shares remain the property of Ukyo until they are sold to a third party.
Yes I know I said this above. Man this is the biggest Ouroboros of a conversation I've ever seen. Ok guys lets just forget about Ukyo's shares for now. We need to worry about our 9.8M shares that are nonexistant at the moment.
February 04, 2014, 12:00:43 PM
Vinny, it's difficult to be any clearer: If ActM buys the shares, the divs will be paid to ActM, ActM will be the "future holder."
If the shares are sold to another party, the other party will collect .0025 divs after paying .0005 per share -- at .0020 per share loss to ActM.
If the shares are sold to another party, the other party will collect .0025 divs after paying .0005 per share -- at .0020 per share loss to ActM.
February 04, 2014, 11:59:06 AM
The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
And legally he cannot destroy Ukyo's seized assets. He can only sell them to recover his losses and then return the remainder back to Ukyo. These shares remain the property of Ukyo until they are sold to a third party.
February 04, 2014, 11:58:37 AM
Before Ken sold Ukyo's shares they were Ukyo's. So.. Ukyo has .0025BTC priority in Divs on those shares before Ken's 15 Million kick in. After Ken sold those shares whoever bought them now has the .0025BTC priority in Divs on those shares before Ken's 15 Million kick in.
Ken/ActM isn't losing money by selling Ukyo's shares for .0005. If anything he is gaining .0005BTC per share sold. He doesn't owe more. The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
EDIT: Anyways forget about Ukyo's shares for just a minute. We have 9.8M other shares to worry about. Ken where are they at?
Ken/ActM isn't losing money by selling Ukyo's shares for .0005. If anything he is gaining .0005BTC per share sold. He doesn't owe more. The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
EDIT: Anyways forget about Ukyo's shares for just a minute. We have 9.8M other shares to worry about. Ken where are they at?
yes but the priority is sold on with the shares....
February 04, 2014, 11:56:52 AM
Before Ken sold Ukyo's shares they were Ukyo's. So.. Ukyo has .0025BTC priority in Divs on those shares before Ken's 15 Million kick in. After Ken sold those shares whoever bought them now has the .0025BTC priority in Divs on those shares before Ken's 15 Million kick in.
Ken/ActM isn't losing money by selling Ukyo's shares for .0005. If anything he is gaining .0005BTC per share sold. He doesn't owe more. The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
EDIT: Anyways forget about Ukyo's shares for just a minute. We have 9.8M other shares to worry about. Ken where are they at?
Ken/ActM isn't losing money by selling Ukyo's shares for .0005. If anything he is gaining .0005BTC per share sold. He doesn't owe more. The only way Ken doesn't have to pay priority Divs on those shares is if he destroys them.
EDIT: Anyways forget about Ukyo's shares for just a minute. We have 9.8M other shares to worry about. Ken where are they at?
February 04, 2014, 11:56:27 AM
Jo I got what you meant, you just meant that is what is 'due to be paid' on each share.
Ken cannot keep the shares and wait for the divs because he said he want's to secure these funds ASAP incase Ukyo has a lawyer 'impound' them. They could be tied up (including the divs) in a legal battle and then we would then be locked out of raising our money back just when we might need it.
If Ken sells them asap that problem will not arise.
Ken cannot keep the shares and wait for the divs because he said he want's to secure these funds ASAP incase Ukyo has a lawyer 'impound' them. They could be tied up (including the divs) in a legal battle and then we would then be locked out of raising our money back just when we might need it.
If Ken sells them asap that problem will not arise.
^^ this...
February 04, 2014, 11:55:11 AM
Jo I got what you meant, you just meant that is what is 'due to be paid' on each share. (but please don't enter into conversation with the Trolls).
Ken cannot keep the shares and wait for the divs because he said he want's to secure these funds ASAP incase Ukyo has a lawyer 'impound' them. They could be tied up (including the divs) in a legal battle and then we would then be locked out of raising our money back just when we might need it.
If Ken sells them asap that problem will not arise.
Ken cannot keep the shares and wait for the divs because he said he want's to secure these funds ASAP incase Ukyo has a lawyer 'impound' them. They could be tied up (including the divs) in a legal battle and then we would then be locked out of raising our money back just when we might need it.
If Ken sells them asap that problem will not arise.
February 04, 2014, 11:53:52 AM
@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
HE DOES NOT OWE ON SHARES - it is not a loan. The 10mil shares GET PREFERENCE of dividends, not guaranteed dividends.
The market price of shares is the market price of shares with the dividend priority taken into consideration.
Sorry dude, but you're an idiot.
I apologize, I guess using the word owe was wrong. Every share that is sold at .005 from Ukyo's stack goes to Active Mining. This doesn't cause Ken to have to account for an extra .0025 BTC per share sold before his shares collect money as they were already accounted for when they were Ukyo's shares.
I didn't mean to make you upset.
This still doesn't make sense.
If Ukyo's shares accrued dividends while they were held under lein, then those dividends go towards the 100BTC+costs - whoever buyers the shares from now on inherits the remainder of the 0.0025btc/share priority.
February 04, 2014, 11:51:38 AM
@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
HE DOES NOT OWE ON SHARES - it is not a loan. The 10mil shares GET PREFERENCE of dividends, not guaranteed dividends.
The market price of shares is the market price of shares with the dividend priority taken into consideration.
Sorry dude, but you're an idiot.
I apologize, I guess using the word owe was wrong. Every share that is sold at .005 from Ukyo's stack goes to Active Mining. This doesn't cause Ken to have to account for an extra .0025 BTC per share sold before his shares collect money as they were already accounted for when they were Ukyo's shares.
I didn't mean to make you upset.
February 04, 2014, 11:49:36 AM
@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken should have held the shares, and simply refused to pay Jon the dividends. Simple.
What am i missing?
From this statement alone? Nothing. I actually suggested this. Even Jon (Ukyo) agreed that it was a good idea.
February 04, 2014, 11:49:02 AM
@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
HE DOES NOT OWE ON SHARES - it is not a loan. The 10mil shares GET PREFERENCE of dividends, not guaranteed dividends.
The market price of shares is the market price of shares with the dividend priority taken into consideration.
Sorry dude, but you're an idiot.
February 04, 2014, 11:48:36 AM
@mainline
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken owes .0025BTC on those shares whether he sells them or gives them back to Ukyo, hes not taking out any loan because he already owes money on those shares.
The only way he can not owe .0025BTC on those 230k shares is if he destroys them. Which someone said he can't do?
Anyways heres too a definitive update about our shares tomorrow.
Ken should have held the shares, and simply refused to pay Jon the dividends. Simple.
What am i missing?
*You should forget about Ken's claim that the court could freeze trading on illegal, unlicensed securities. That sort of thinking puts Absurdist writers to shame.
February 04, 2014, 11:47:52 AM
Does anybody know any details on all the extra sell orders which are on CT?
Are they Ken testing the system as there are quite a few more than earlier.
https://crypto-trade.com/tradex/ipo/amc_btc
...
edit - sorry for the formatting^
Are they Ken testing the system as there are quite a few more than earlier.
https://crypto-trade.com/tradex/ipo/amc_btc
...
edit - sorry for the formatting^
This will be people who have bought some of the 30,000 odd ukyo shares that were sold, and are listing them for a quick profit.
There have actually been ~50,000 shares sold since last night.
231K
-180K
-------
51K
Kleeck delivers better figures - thank you, I though Ukyo had 213k shares... dyslexia, never thought I had it.
February 04, 2014, 11:45:20 AM
Does anybody know any details on all the extra sell orders which are on CT?
Are they Ken testing the system as there are quite a few more than earlier.
https://crypto-trade.com/tradex/ipo/amc_btc
...
edit - sorry for the formatting^
Are they Ken testing the system as there are quite a few more than earlier.
https://crypto-trade.com/tradex/ipo/amc_btc
...
edit - sorry for the formatting^
This will be people who have bought some of the 30,000 odd ukyo shares that were sold, and are listing them for a quick profit.
There have actually been ~50,000 shares sold since last night.
231K
-180K
-------
51K
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