[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 4.

VolanicEruptor

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Quote from: ?? on ??

Quote from: gjpminingco on February 14, 2014, 01:59:01 AM

The recurrence of poor spelling, creative capitalization and insider information makes me think this is another kslaugher sockpuppet.

I had to go back to see what you were talking about, and you are totally right. I have never seen anybody use "creative capitilization" like that other than Kslaughter himself. He always puts capitals where they shouldn't Be, and I always thought that was very Unique of him. I bet you its fucking Ken, or that Ken has partial control of this users account..

mainline

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Quote from: SebastianJu on February 14, 2014, 03:09:48 PM

Quote from: RickJamesBTC on February 14, 2014, 12:05:38 PM

...and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning...

*facepalm* The delusional powers are strong in you...

Luckily either someone already reported Ken to the authorities, or Ken is lying. Both result in the same outcome for Active Mining investors -- poverty Undecided

RickJamesBTC

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Quote from: SebastianJu on February 14, 2014, 03:09:48 PM

Quote from: RickJamesBTC on February 14, 2014, 12:05:38 PM

...and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning...

*facepalm* The delusional powers are strong in you...

What part of what I said was delusional? The only delusional people are the ones who think this was a valid way to invest in a company and that they will be getting dividends, or own some actual shares of this company.

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Quote from: RickJamesBTC on February 14, 2014, 12:05:38 PM

...and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning...

*facepalm* The delusional powers are strong in you...

tempestb

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Can we just get some photos of the letter from the State to see that it is legit? That would take Ken about 1 minute to throw together for us to see.

And don't come back and say the lawyer has it, because apparently you haven't met with him yet.

MrTeal

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Quote from: finlof on February 14, 2014, 02:21:05 PM

Quote from: MrTeal on February 14, 2014, 01:57:55 PM

Quote from: ab8989 on February 14, 2014, 11:11:00 AM

Quote from: kslaughter on February 13, 2014, 10:02:40 PM

It would have to be a redesign, but not much of one.

I am slightly wondering about the chip dimensions. You have stated that ActiveMining chip package dimensions are going to be 11mmx11mm. However I believe bitfury chip package dimensions are 7mmx7mm. The board seems fairly tightly packed with the 7x7mm chips. If you increase the size of package you would have to decrease the number of rows and columns of chips to make them fit. So I do not understand how this could be not much of a redesign as basically everything changes.

Changing the chip dimensions and even moving them around really isn't much of a change. It's a pretty simple respin of the board that wouldn't take more than a couple days, maybe one if you sat down and worked on it full time. As long as the interface and communications protocol is similar, the size of the chips is pretty much a non-factor.

his most recent post about the boards is that they would hold 24 ActM chips, not 32 chips like the board he has in the pictures. we all know Ken has posted pictures of "product" that are not representative of their final states. this appears to be one of those times.

I'm not trying to justify it, not knowing if the chips your engineers are using for prototyping are BFL or Bitfury is pretty strange. I'm just saying that a change in package size or even the number of chips isn't a big deal, so that doesn't invalidate what he said other than not knowing what chip it was. It could just be a stock image (though I've never seen the "Ultradense I-Card") or it could be what he said.

finlof

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Quote from: MrTeal on February 14, 2014, 01:57:55 PM

Quote from: ab8989 on February 14, 2014, 11:11:00 AM

Quote from: kslaughter on February 13, 2014, 10:02:40 PM

It would have to be a redesign, but not much of one.

I am slightly wondering about the chip dimensions. You have stated that ActiveMining chip package dimensions are going to be 11mmx11mm. However I believe bitfury chip package dimensions are 7mmx7mm. The board seems fairly tightly packed with the 7x7mm chips. If you increase the size of package you would have to decrease the number of rows and columns of chips to make them fit. So I do not understand how this could be not much of a redesign as basically everything changes.

Changing the chip dimensions and even moving them around really isn't much of a change. It's a pretty simple respin of the board that wouldn't take more than a couple days, maybe one if you sat down and worked on it full time. As long as the interface and communications protocol is similar, the size of the chips is pretty much a non-factor.

his most recent post about the boards is that they would hold 24 ActM chips, not 32 chips like the board he has in the pictures. we all know Ken has posted pictures of "product" that are not representative of their final states. this appears to be one of those times.

MrTeal

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Quote from: ab8989 on February 14, 2014, 11:11:00 AM

Quote from: kslaughter on February 13, 2014, 10:02:40 PM

It would have to be a redesign, but not much of one.

I am slightly wondering about the chip dimensions. You have stated that ActiveMining chip package dimensions are going to be 11mmx11mm. However I believe bitfury chip package dimensions are 7mmx7mm. The board seems fairly tightly packed with the 7x7mm chips. If you increase the size of package you would have to decrease the number of rows and columns of chips to make them fit. So I do not understand how this could be not much of a redesign as basically everything changes.

Changing the chip dimensions and even moving them around really isn't much of a change. It's a pretty simple respin of the board that wouldn't take more than a couple days, maybe one if you sat down and worked on it full time. As long as the interface and communications protocol is similar, the size of the chips is pretty much a non-factor.

keepinithamsta

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Quote from: RickJamesBTC on February 14, 2014, 01:06:37 PM

I'm saying it is NOT AN INVESTMENT. They aren't even allowed to offer this kind of "investment" as a US based company without being SEC registered, filling reports, etc. Why do you think your "shares" are now waiting until ken can talk to his securities lawyer??? Guess what, almost none of you are accredited investors, even offering shares to the general public as they did should violate a number of SEC regulations. I understand the enthusiasm to be a part of something, but come on. Where are the financial docs? Where are the reports? Where are the contracts, shareholder agreements, dividend details, etc?

Lottery tickets would have been a better way to throw your money in a toilet. Lottery tickets are not investing, they are gambling. Btw, gambling is illegal or highly regulated in this country as well.

Honestly, I would've been significantly better off just going to the casino and blowing it at the high roller tables. At least I would have gotten tons of comps.

runam0k

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Touchdown

Thanks mainline - back on ignore. Roll Eyes

Quote from: drawingthesun on February 14, 2014, 12:50:16 PM

Even if the investment is valid, almost everything is crushed when compared to the investment that is Bitcoin itself.

True, but I think that has more to do with the huge loss of confidence (and volume) after BF and BCTC shut (with lots of BTC lost or stolen) and securities laws and other regulatory considerations seemingly coming to the fore. Putting those things aside for a second, a well run operation with limited or zero exposure to fiat, should net you more bitcoins.

Quote from: Entropy-uc on February 14, 2014, 12:55:30 PM

Fixed that for you. The only success has been Asicminer. You can cherry pick buy and sell dates to claim others were good bets, but ultimately every issue except for Asicminer has left somebody holding 10 Kilos of shit in a 5 Kg bag.

Point taken. That said PETA is currently up despite hardware delays, certain other mining ops look well positioned in terms of hardware coming online, CasinoBitCo.in seems like a really well run business (with recent acquisitions, no less), etc. Not wild success stories yet but a million miles away from Labcoin and this BS.

(I recognise I'm in the wrong thread to expect anything but extreme negativity - I have a small number of ActM shares too Undecided

- so I'll leave it at that.)

RickJamesBTC

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I'm saying it is NOT AN INVESTMENT. They aren't even allowed to offer this kind of "investment" as a US based company without being SEC registered, filling reports, etc. Why do you think your "shares" are now waiting until ken can talk to his securities lawyer??? Guess what, almost none of you are accredited investors, even offering shares to the general public as they did should violate a number of SEC regulations. I understand the enthusiasm to be a part of something, but come on. Where are the financial docs? Where are the reports? Where are the contracts, shareholder agreements, dividend details, etc?

Lottery tickets would have been a better way to throw your money in a toilet. Lottery tickets are not investing, they are gambling. Btw, gambling is illegal or highly regulated in this country as well.

Entropy-uc

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Quote from: runam0k on February 14, 2014, 12:23:42 PM

Quote from: RickJamesBTC on February 14, 2014, 12:05:38 PM

I still can't figure out why people thought that "investing" was sending sending anonymous currency to an unregistered company to buy "Shares" despite sec regulations. This wasn't high risk investing, this was fraud. Once you clear your head of the idea that maybe this was like buying lottery tickets, and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning, you will be able to agree on all these topics.

I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success ~~stories.~~ story

Fixed that for you. The only success has been Asicminer. You can cherry pick buy and sell dates to claim others were good bets, but ultimately every issue except for Asicminer has left somebody holding 10 Kilos of shit in a 5 Kg bag.

mainline

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Quote from: runam0k on February 14, 2014, 12:47:10 PM

Quote from: mainline on February 14, 2014, 12:36:17 PM

Quote from: runam0k on February 14, 2014, 12:23:42 PM

...I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success stories.

Sure.
There have been scratch ticket lottery success stories too. Which doesn't mean investing in scratch tickets to make money is smart.
It's not.

Of course, if by "success stories" you mean traders making money, that has little to do with issuers not scamming. Many people made serious coin trading Labcoin, which "investors" are beginning to acknowledge is a scam.

So what are you trying to say? That there are zero bona fide, worthwhile investments in the BTC space?

I'm not trying to say anything other than what I have said. I wish I could dumb it down further, but there's only so much one can do.
Sometimes reading a passage several times brings better understanding, so maybe give that a shot?

*In case the simple logic of "The issuer needs not be a scammer for you to lose money" escapes you, that's also true.

Anyhow, we've strayed into semantic irrelevancy. As an investor, you shouldn't care whether Ken will lose your money due to ill intent or honest American stupidity.
The main takeaway here is your money's gone, either way.

drawingthesun

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Quote from: runam0k on February 14, 2014, 12:47:10 PM

So what are you trying to say? That there are zero bona fide, worthwhile investments in the BTC space?

Even if the investment is valid, almost everything is crushed when compared to the investment that is Bitcoin itself.

runam0k

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Activity: 1092

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Touchdown

Quote from: mainline on February 14, 2014, 12:36:17 PM

Quote from: runam0k on February 14, 2014, 12:23:42 PM

...I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success stories.

Sure.
There have been scratch ticket lottery success stories too. Which doesn't mean investing in scratch tickets to make money is smart.
It's not.

Of course, if by "success stories" you mean traders making money, that has little to do with issuers not scamming. Many people made serious coin trading Labcoin, which "investors" are beginning to acknowledge is a scam.

So what are you trying to say? That there are zero bona fide, worthwhile investments in the BTC space?

EDIT: I am definitely not implying ActM is a bona fide or worthwhile investment - it looks more like a Labcoin drag it out forever type scam to me.

mainline

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Quote from: runam0k on February 14, 2014, 12:23:42 PM

...I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success stories.

Sure.
There have been scratch ticket lottery success stories too. Which doesn't mean investing in scratch tickets to make money is smart.
It's not.

Of course, if by "success stories" you mean traders making money, that has little to do with issuers not scamming. Many people made serious coin trading Labcoin, which "investors" are beginning to acknowledge is a scam.

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Quote from: RickJamesBTC on February 14, 2014, 12:05:38 PM

I still can't figure out why people thought that "investing" was sending sending anonymous currency to an unregistered company to buy "Shares" despite sec regulations. This wasn't high risk investing, this was fraud. Once you clear your head of the idea that maybe this was like buying lottery tickets, and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning, you will be able to agree on all these topics.

I think everyone understood this to be the wild west. That doesn't mean all issuers are scammers -- there have been BTC security success stories.

RickJamesBTC

sr. member

Activity: 378

Merit: 250

I still can't figure out why people thought that "investing" was sending sending anonymous currency to an unregistered company to buy "Shares" despite sec regulations. This wasn't high risk investing, this was fraud. Once you clear your head of the idea that maybe this was like buying lottery tickets, and realize that ALL OF YOU should be contacting the authorities and demanding ken refund your deposit value at the beginning, you will be able to agree on all these topics.

mainline

newbie

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Quote from: ab8989 on February 14, 2014, 11:11:00 AM

...

Quote from: Bargraphics on February 14, 2014, 09:41:55 AM

The board is legit, it IS for bitfury chips and I know the 55nm chips will have a similar packaging.

I am also a bit wondering how you can know that 11mmx11mm chips are similar than 7mmx7mm chips?

BFL, Bitfury. 49mm², 121mm². Heat dissipation? FUD! Don't sweat the details.
Join Bargraphics' Kool-Aid Fanciers Club aka #actm, and wait for the magic beans to sprout.

*The boards also have no voltage converters (to step down 12V to the voltage needed by the chips). Only Bitfury chips could be daisy-chained.
The cooling is also going to be pretty lulzy -- Bitfury chips are currently the best J/GH performers, and each chip hashes a small fraction of what Ken claims his 55nm chips will hash. Meaning more heat needs to be dissipated.

TL;DR: Ken doesn't understand shit, Bar is simply talking shit.

Bargraphics

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

Quote from: ab8989 on February 14, 2014, 11:11:00 AM

Quote from: Bargraphics on February 14, 2014, 09:41:55 AM

The board is legit, it IS for bitfury chips and I know the 55nm chips will have a similar packaging.

I am also a bit wondering how you can know that 11mmx11mm chips are similar than 7mmx7mm chips?

Not sure if this is the answer you are looking for, but the packaging is similar (QFN) just larger and the Engineering team has worked extensively with Bitfury Chips so I'm fairly confident that this will be similar.

Elaborate on your definition of similar and I'll try to answer better.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 4. (Read 771302 times)