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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 392. (Read 771288 times)

hero member
Activity: 532
Merit: 500
https://karatcoin.co
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.

Who said there were problems? Last time I checked we were on schedule.

Might want to fix your watch/calender

I'd like to see your "functioning" watch/calender.

Just like the rest of the lazy ass shareholders on here I have to do the work for you.

NRE Stated as Funded - July 20th, 2013
  • Chip samples delivered in 9 weeks;
Saturday, September 21, 2013

+ 12 Weeks (Low Volume Production)
  • Low-volume chip production starting in 12 weeks, using an e-beam process;
Saturday, October 12, 2013

+ 16 - 18 Weeks
  • Normal volume chip production starting in 16-18 weeks.
Saturday, November 9, 2013 - Saturday, November 23, 2013

You base your "functioning" calendar off of the assumption that the copy/pasted eASIC timeline starts when Ken posts? Ken has not specified when that "9 weeks" starts.

Examples of laziness below:

Speaking of business plan...

You stated this:

What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
  • Chip samples delivered in 9 weeks;
  • Low-volume chip production starting in 12 weeks, using an e-beam process;
  • Normal volume chip production starting in 16-18 weeks.

Does this timeline start at the completion of the NRE payment?

No

Does this timeline start at the time of the post?

No
newbie
Activity: 11
Merit: 0

I will have to wait until the deadline, so that everyone receives their dividends.

What deadline are we waiting for? Time / Date please .
newbie
Activity: 24
Merit: 0
Well that is a gamble for all invested in ActM, but now that the BTC price is rising and Ken is testing and adding 'unknown' hashpower it could be a very good bet. Just wait and see but don't think it is a quick rich scheme, this is a long term investment and Ken seems to have the same approach.
full member
Activity: 304
Merit: 102
Selling your coins now if you could might be a big mistake. I prefer a few coins every month as dividend while keeping my shares. Not sure what BTC could be worth after 6 months but I bet it is a lot more then now.

Well that's how this whole thing was SUPPOSED to work, but it hasn't exactly turned out that way...

I just pray that in 6 months this will all be a distant memory, as our 0.01 BTC shares are pumping out a consistent supply of healthy dividends, and bitcoin itself is at $1000.

Is that too much ask?!   Cheesy
newbie
Activity: 24
Merit: 0
Selling your coins now if you could might be a big mistake. I prefer a few coins every month as dividend while keeping my shares. Not sure what BTC could be worth after 6 months but I bet it is a lot more then now.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
All I know is it is pissing me off seeing BTC triple in value when a huge % of my bitcoin is tied up in this company and no machines are being produced AND there's no hope of share value recouping for the foreseeable future.  

+1

Longest and most entertaining 4 months ever spent on this site.
full member
Activity: 304
Merit: 102
All I know is it is pissing me off seeing BTC triple in value when a huge % of my bitcoin is tied up in this company and no machines are being produced AND there's no hope of share value recouping for the foreseeable future.  
hero member
Activity: 518
Merit: 500
Every man is guilty of all the good he did not do.
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.

Who said there were problems? Last time I checked we were on schedule.

Might want to fix your watch/calender

I'd like to see your "functioning" watch/calender.

Just like the rest of the lazy ass shareholders on here I have to do the work for you.

NRE Stated as Funded - July 20th, 2013
  • Chip samples delivered in 9 weeks;
Saturday, September 21, 2013

+ 12 Weeks (Low Volume Production)
  • Low-volume chip production starting in 12 weeks, using an e-beam process;
Saturday, October 12, 2013

+ 16 - 18 Weeks
  • Normal volume chip production starting in 16-18 weeks.
Saturday, November 9, 2013 - Saturday, November 23, 2013
hero member
Activity: 532
Merit: 500
https://karatcoin.co
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.

Who said there were problems? Last time I checked we were on schedule.

Might want to fix your watch/calender

I'd like to see your "functioning" watch/calender.
hero member
Activity: 518
Merit: 500
Every man is guilty of all the good he did not do.
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.

Who said there were problems? Last time I checked we were on schedule.

Might want to fix your watch/calender
sr. member
Activity: 266
Merit: 250
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.

Who said there were problems? Last time I checked we were on schedule.
sr. member
Activity: 378
Merit: 250
What problems could they really be having? eASIC knows how to make ASICs... the only thing that would make this not work is if the hash generating logic was wrong.
sr. member
Activity: 266
Merit: 250
Hashfast DEBACLE!

You know, some person on here who regularly screams like a baby for attention has paid as estimated 11k USD for a HashSLOW mining machine that is now, well, subject to an open-ended DELAY.
Yes 11kUSD. That's not at todays BTC exchange rate, that was a real 11k of FIAT that was put into IceDrill and swapped out for a HashSLOW miner order.

I don't wish to gloat but, ACtM GUYS, this muppet sunk 15 thousand USD into IceDrill and currently has:

'4k' worth of shares in IceDrill currently worth $400
And an order for a mining machine that MAY arrive in 8weeks time, it may not.

He has turned 15k into 400bucks of shares he can't even sell as no-one wants them.

A few months from now I think we should do some ACtM merch. Base ball hats, long-sleeve tops the lot. One of those shirts should definitely have on it the legend that is:

ALWAYS BET ON ICE..... LOLZ!
legendary
Activity: 1176
Merit: 1015
Announcement

Due to Bitfunder closing down, we are extending the deadline to transfer shares to AMC-TENDER until November 13th, 2013.

At this time all shareholders should follow the procedure for transferring shares to AMC-TENDER.

Dividends which are due to be paid tomorrow will be suspended until we have the share problem solved.

We will be creating Pass-Through shares on a yet undetermined exchange for our shareholders.

After the Pass-Through is created, we will pay the suspended dividends.

Active Mining Corporation (Belize)

Regarding above. I can't seem to find the original post with instructions regarding sending an e-mail or signing a message with a bitcoin address after tendering. Could someone please post a link to the exact post with instructions? I could find it here https://bitcointalksearch.org/user/kslaughter-1707 either.

No email needed, and you do not need to sign until Ken requires it at a later date. Just make sure you transfer to AMC-TENDER and have full control of your address on bitfunder (the public address)
sr. member
Activity: 266
Merit: 250
Science!
Announcement

Due to Bitfunder closing down, we are extending the deadline to transfer shares to AMC-TENDER until November 13th, 2013.

At this time all shareholders should follow the procedure for transferring shares to AMC-TENDER.

Dividends which are due to be paid tomorrow will be suspended until we have the share problem solved.

We will be creating Pass-Through shares on a yet undetermined exchange for our shareholders.

After the Pass-Through is created, we will pay the suspended dividends.

Active Mining Corporation (Belize)

Regarding above. I can't seem to find the original post with instructions regarding sending an e-mail or signing a message with a bitcoin address after tendering. Could someone please post a link to the exact post with instructions? I could find it here https://bitcointalksearch.org/user/kslaughter-1707 either.
hero member
Activity: 518
Merit: 500
Hodl!
There is no way on God's Earth that they will be shipping ANYTHING this year, apart from Christmas cards.  I hope it's a funny cat one for bALLBEAKER/mumble.  MEOW.   *lolzy lolz*

Yah, my AI database for translation from ASIC manufacture PR speak is translating that as "We were wayyy overconfident, problems are happening that we only have a faint clue how to deal with, we're throwing duct tape, bailing wire and crazy glue at it and hoping for the best, we'll claim delivery will only be delayed "two weeks" so we don't have to deal with the pitchforks and torches rabble, while we sort this mess out, but I think we'd have to commit seppuku if delayed until April."
legendary
Activity: 1176
Merit: 1015
Just a short note regarding dividend and how much that is "left" of the 0.0025XBT/share to pay for ActM.

I just summarized all dividends payed out by ActM so far, and it ended up with 0.00005793XBT.
So, out of his 0.0025 XBT to pay in dividend to the 10,000,000 investor shares, ActM still has to pay out 97,7% of that amount.
Or 0.00244207XBT to be exact.

I got the numbers from summarizing all dividend payouts from bitfunder.
I'd be glad if someone can confirm my numbers.


Sure I will give this one a go:

Total dividends owed on 10,000,000 shares before Ken can receive dividends on the remaining shares.

Total dividend is 0.0025 X 10,000,000 = 25,000 Bitcoin to pay out.

Bitcoin paid out = 641 Bitcoin.

25,000 - 641 = 24,359 = 10,000,000 / 24,359 = 0.0024359 Bitcoin per share.

About 97.5% of the dividend is remaining.

Also remember if all the dividend gets paid the dividends drop by 60% not 100%, so we still make a dividend.

Also consider when we get to that point it means the miners and business model works and its likely the dividends will keep flowing.
sr. member
Activity: 330
Merit: 250
Just a short note regarding dividend and how much that is "left" of the 0.0025XBT/share to pay for ActM.

I just summarized all dividends payed out by ActM so far, and it ended up with 0.00005793XBT.
So, out of his 0.0025 XBT to pay in dividend to the 10,000,000 investor shares, ActM still has to pay out 97,7% of that amount.
Or 0.00244207XBT to be exact.

I got the numbers from summarizing all dividend payouts from bitfunder.
I'd be glad if someone can confirm my numbers.
member
Activity: 103
Merit: 10
Haven't got time to check right now but I think you are factually incorrect on both counts.

Oh and a CEO is not responsible for share price speculation you muppet.

+1

I suggest Ken distribute the dividends to those who have completed the shares transfer, so the shareholder can confirm their shares even the dividends is just some satoshi.



Nice idea, but this would mean a lot more work (unnecessary). Best is to do this all at once, less hassle this way Smiley
full member
Activity: 167
Merit: 100
Anyone know how long it takes to get BTC out of weexchange.co?

Ukyo is manually processing withdraw requests, right now from about 2 weeks ago. He is promising to catch up.
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