[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 418.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: minerr on October 30, 2013, 10:55:41 AM

I live in the US and would like to double check with you guys about transferring shares on Bitfunder ( since they are closing to US citizens ). Sorry if this has been posted somewhere else, I'm just a little paranoid of transferring shares, since I hold a large amount.

Can someone verify the below steps are correct.

1. ) Transfer all of your shares to AMC-TENDER on Bitfunder.

2.) Make the transfer before December 1st.

3.) Set your public Bitfunder bitcoin address to an address that can be signed.

Is that it or is there something that I'm missing?

Thanks!

Quote from: kslaughter on October 23, 2013, 08:28:39 PM

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid. All Investors transferring their shares to this account will continue to accumulate dividends on their shares.

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013.

Sou

full member

Activity: 210

Merit: 100

(Bitcoin related text here)

Quote from: PurpleTentacle on October 30, 2013, 10:47:21 AM

Quote from: drawingthesun on October 30, 2013, 10:17:46 AM

2 - Cryptostocks have very little shares, if there is enough over there then it might be an idea, but remember low volume markets are terrible. I think Cryptostocks have 50,000 shares of ActM in total.

Cryptostocks have 600,000 shares but their orderbook is practically empty.

They don't have 600k, anymore.

tesselate

newbie

Activity: 11

Merit: 0

Quote from: minerr on October 30, 2013, 10:55:41 AM

I live in the US and would like to double check with you guys about transferring shares on Bitfunder ( since they are closing to US citizens ). Sorry if this has been posted somewhere else, I'm just a little paranoid of transferring shares, since I hold a large amount.

Can someone verify the below steps are correct.

1. ) Transfer all of your shares to AMC-TENDER on Bitfunder.

2.) Make the transfer before December 1st.

3.) Set your public Bitfunder bitcoin address to an address that can be signed.

Is that it or is there something that I'm missing?

Thanks!

You got it. I just tendered mine. Now all I can do is wait.

minerr

newbie

Activity: 23

Merit: 0

I live in the US and would like to double check with you guys about transferring shares on Bitfunder ( since they are closing to US citizens ). Sorry if this has been posted somewhere else, I'm just a little paranoid of transferring shares, since I hold a large amount.

Can someone verify the below steps are correct.

1. ) Transfer all of your shares to AMC-TENDER on Bitfunder.

2.) Make the transfer before December 1st.

3.) Set your public Bitfunder bitcoin address to an address that can be signed.

Is that it or is there something that I'm missing?

Thanks!

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: drawingthesun on October 30, 2013, 10:17:46 AM

2 - Cryptostocks have very little shares, if there is enough over there then it might be an idea, but remember low volume markets are terrible. I think Cryptostocks have 50,000 shares of ActM in total.

Cryptostocks have 600,000 shares but their orderbook is practically empty.

SoylentCreek

sr. member

Activity: 266

Merit: 250

Quote from: drawingthesun on October 30, 2013, 10:27:06 AM

Quote from: SoylentCreek on October 30, 2013, 10:21:17 AM

Thanks. I guess I'm holding till the deadline. Will there be any reason I cannot transfer the shares to Ken after BF cuts off all trading on the first?

You can certainly transfer your shares after November 1st, however holding afterwards would be a bit pointless perhaps? I'm not sure as I'm not in your position.

Also Ken wants all transfers done before 6th November, so keep that in mind.

Look at it this way. If I transferred the shares tomorrow afternoon, and then at 10:00pm a rally begins, I'm stuck. Now, realistically, the chances of that happening are highly unlikely, but then again if I risk losing nothing by holding till the trading cutoff happens, then there is really no reason not to leave myself open for opportunity, regardless of how small it might be. My guess is one I transfer the shares to Ken, it is going to be December at the earliest before we see Color Coins go live and I'll be able to start trading again.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: SoylentCreek on October 30, 2013, 10:21:17 AM

Thanks. I guess I'm holding till the deadline. Will there be any reason I cannot transfer the shares to Ken after BF cuts off all trading on the first?

You can certainly transfer your shares after November 1st, however holding afterwards would be a bit pointless perhaps? I'm not sure as I'm not in your position.

Also Ken wants all transfers done before 6th November, so keep that in mind.

SoylentCreek

sr. member

Activity: 266

Merit: 250

Quote from: drawingthesun on October 30, 2013, 10:17:46 AM

Quote from: SoylentCreek on October 30, 2013, 10:11:56 AM

Question: If I transfer all of my shares to AMC-Tender, and Ken makes an announcement that shoots the price up in the next few days, I'm guessing there will be no way possible to sell any shares, correct? I see that we are currently listed on CryptoStocks. Is there any reason that I could not just transfer my shares over to there? Should I sell not on BF and attempt to re-buy on CS? I'm so confused. Sad

1 - If the shares shoot up and you returned them to Ken for looking after, then you can no longer take advantage of market swings.
2 - Cryptostocks have very little shares, if there is enough over there then it might be an idea, but remember low volume markets are terrible. I think Cryptostocks have 50,000 shares of ActM in total.
2.1 - Also Cryptostocks are more expensive so that you will lose money selling here and buying over there.
2.2 - At the moment there is no way to move shares directly over to Cryptostocks.
2.3 - If you want to hold ActM and you are from the USA, the best thing to do is give them to Ken and hope he gets a better solution up and running fast.

Thanks. I guess I'm holding till the deadline. Will there be any reason I cannot transfer the shares to Ken after BF cuts off all trading on the first?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: SoylentCreek on October 30, 2013, 10:11:56 AM

Question: If I transfer all of my shares to AMC-Tender, and Ken makes an announcement that shoots the price up in the next few days, I'm guessing there will be no way possible to sell any shares, correct? I see that we are currently listed on CryptoStocks. Is there any reason that I could not just transfer my shares over to there? Should I sell not on BF and attempt to re-buy on CS? I'm so confused. Sad

1 - If the shares shoot up and you returned them to Ken for looking after, then you can no longer take advantage of market swings.
2 - Cryptostocks have very little shares, if there is enough over there then it might be an idea, but remember low volume markets are terrible. I think Cryptostocks have 50,000 shares of ActM in total.
2.1 - Also Cryptostocks are more expensive so that you will lose money selling here and buying over there.
2.2 - At the moment there is no way to move shares directly over to Cryptostocks.
2.3 - If you want to hold ActM and you are from the USA, the best thing to do is give them to Ken and hope he gets a better solution up and running fast.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Sou on October 30, 2013, 10:08:59 AM

With a significant enough advantage in speed one could theoretically catch up to any competitor if it had the capital to continue reinvesting into chip batches, and eventually pass them.

We can only become the most efficient if eASIC have a full custom ASIC option. Without being full custom we will not be most efficient. However in absolute terms yeah, eASIC may allow us to just keep ordering huge amounts of chips and gaining network share.

R&D would have to be ongoing so that eASIC will design better and better chips for us.

SoylentCreek

sr. member

Activity: 266

Merit: 250

Question: If I transfer all of my shares to AMC-Tender, and Ken makes an announcement that shoots the price up in the next few days, I'm guessing there will be no way possible to sell any shares, correct? I see that we are currently listed on CryptoStocks. Is there any reason that I could not just transfer my shares over to there? Should I sell not on BF and attempt to re-buy on CS? I'm so confused. Sad

Sou

full member

Activity: 210

Merit: 100

(Bitcoin related text here)

Quote from: drawingthesun on October 30, 2013, 09:58:55 AM

Quote from: Nootnewbie on October 30, 2013, 08:48:40 AM

I have no idea what this means or if it is at all relevant to Active Mining

http://www.easic.com/easic-and-cst-reduce-multi-level-package-design-and-simulation-time-by-up-to-5x/

For all eASIC's talk of speed they sure take their time.

The plus point of eASIC is once the prototypes are approved, ordering more chips at speed is the advantage we gain. I just hope its enough to offset the competition and incredible difficulty rises.

With a significant enough advantage in speed one could theoretically catch up to any competitor if it had the capital to continue reinvesting into chip batches, and eventually pass them.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Nootnewbie on October 30, 2013, 08:48:40 AM

I have no idea what this means or if it is at all relevant to Active Mining

http://www.easic.com/easic-and-cst-reduce-multi-level-package-design-and-simulation-time-by-up-to-5x/

For all eASIC's talk of speed they sure take their time.

The plus point of eASIC is once the prototypes are approved, ordering more chips at speed is the advantage we gain. I just hope its enough to offset the competition and incredible difficulty rises.

Nootnewbie

member

Activity: 63

Merit: 10

I have no idea what this means or if it is at all relevant to Active Mining

http://www.easic.com/easic-and-cst-reduce-multi-level-package-design-and-simulation-time-by-up-to-5x/

finlof

hero member

Activity: 630

Merit: 500

for those interested and for what it's worth, Ken responded to some PM's of mine. it does not appear to be sensitive or information which i wouldnt be allowed to share.

Quote from: kslaughter on October 30, 2013, 01:02:36 PM

Quote from: finlof on October 30, 2013, 01:37:33 AM

thank you for answering about the deleted post. what about the further communication, answers to questions, details on how ACtM has planned for handling assembly/testing/support/shipping/etc?

We have all of the above covered.

Quote from: kslaughter on October 30, 2013, 01:51:43 AM

Quote from: finlof on October 29, 2013, 03:55:00 PM

...I'd still have a decent-sized investment this company had Bitfunder not screwed us Americans. i wasnt about to sit there and potentially lose all of my investment. I cashed out of all my stocks on there (ASICMiner, Icedrill, ActiveMining, and several others). I do think this company has some potential, but without any real info from you or someone qualified to speak on the company's behalf it really damages the image and confidence. I've run a successful computer company for many years now and know that even basic communication, even if it's just saying "i dont know", works wonders for my clients' confidence, satisfaction, and repeat business.

Talking one on one with a client is a little different that talking in an open forum.

Quote

if nothing comes of this PM then oh well. i only have 10 shares of ActiveMining (on cryptostocks). no big loss for me. i know you have much more to gain than anyone. i'm just concerned you dont have enough to lose, and that's why we get no info.

i know you are on this forum a lot. i hope to hear back from you soon.

I have a lot to lose, a failure of this business would devastating to me. I am doing everything in my power under the current conditions (Difficulty) to make this successful for my customers and investors.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: JimmyJazz on October 30, 2013, 07:37:49 AM

Nothings moving on Bitfunder!!!

Its the calm before the storm. Ken said he would post financials for this quarter by the end of October. So here we are waiting.

JimmyJazz

full member

Activity: 207

Merit: 100

Nothings moving on Bitfunder!!!

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: zumzero on October 30, 2013, 02:48:42 AM

I speculated that the share price will shoot up to 0.004 on a positive news update from Ken.

If Ken says the prototypes are mining at 100TH/s and we have ordered the first proper run that will put us over 1,000TH/s in December then perhaps the price will rise to 0.004

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: snowdropfore on October 30, 2013, 02:51:05 AM

go back to ipo price:0.0025 first ,i think.

Going over 0.001 will be an accomplishment in itself!

drawingthesun

legendary

Activity: 1176

Merit: 1015

I hold over 100,000 and reside outside of the great free USA.

I hope that the loss of the American shareholders does not take too much liquidity out because less liquidity means lower price. (This is from my experience even if you think that is counter intuitive.)

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 418. (Read 771302 times)