Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 420. (Read 771288 times)

I think the "major announcement" will be that the chips work, normal volume production has begun, and hopefully some specs (hash rate, power consumption, chip size, cooling solution) along with something about when the first miners will ship. I have a feeling that the NDA is extremely ironclad and Ken's hands are tied as far as releasing information about development until that point. eASIC seem pretty secretive about their goodies.

Hey guys, I'm not Ken but I did get a PM from him that I thought should be passed on. Here it is:


Context: I was asking Ken when the timeline for the 9 weeks to test chips actually started and he was being evasive.

I PM Ken quite a bit and I cannot recall him using very many adjectives so when he says "major" my ears perk up. Cheers.

The new exchange will come, and the colored coins will be added to the backend once that is ready. I'm guessing the exchange will go "live" (no trading.. just storing 'direct shares' and paying dividends) around November 7 which is the deadline for non-verified Bitfunder investors to tender their shares. We may also be able to do share trading with built-in escrow before colored coins depending on what the lawyers say. Hopefully the decentralized colored coins approach will alleviate the regulatory burdens that have come down on BTC-TC and Bitfunder.

Just made my transfer. I look forward to our new exchange or the colored coin implementation, whichever comes first. Also looking forward to a financial report and our sample chips, both of which I expect to hear about soon.

I am holding shares and was looking to purchase more untill the sudden rise in BTC price. Now im just going to carry on with the little shares I had.

However this is the way I think/hope things go. I do think Ken will produce the goods and ship on time no matter what is said on this thread. From what I have gathered from his posts is hes quietly getting on with it. I think we will be shipping Mid - end of November.
I'm looking forward to using the colored coin to hold my shares.



Anyway to cut a long story short my target is 0.02. I think we will achieve this.

I've come to the conclusion that I have NOT invested more than I can afford to lose in this company, so I'm not feeling as "frothing at the mouth" anymore as to what comes next and if there's any news, etc. If it happens that Ken is some kind of amazing magician and gets this mining operation into a full roar, that will be a good thing and I will rejoice with the rest of you. If it doesn't happen, then oh well... yet another lesson learned in this here life.

At this point I'm (me) coming at this from the angle of a hobby, it's enjoyable to come in here and read when there's good news and lately it has become somewhat entertaining during the NDA blackout as well. If you've "sold the farm" to be involved in this operation or any mining op then I wish you and all of us much luck until the next huge advance in mining hardware comes along. Anyway, I'm going neutral on this whole thing and will just continue to hold my shares and watch from the sidelines.

Much luck to all of you in all your current and future ventures.

And even if they were... wheres the problem speaking with eASIC and negotiate what can be released to shareholders now? The NDA is between those two only. So they can say what can be released.
I mean eASIC is having its trust in the game too. Waiting time without info is not good for anything.

As November creeps closer,

We need some kind of substantial information.

I understand this has been said before but we are past certain ambiguous deadlines that were imposed.

I imagine all Sales Revenue is going straight into these Lawyers/Engineering/New Trading Platform which will likely leave little for dividends once and if you do begin shipping (Being realistic here guys)

There's no volume right now, you can't possibly spike Shares by providing decent information now.

Estimate timelines cannot be under the NDA you signed this much is true at the very least.

You really need some help young man. You are rambling again and clearly unhinged and talking about suicide.

I know zero has 700k and good for him, that's super cool. I am a bigger investor than that actually thanks for asking.

You shouldn't try so hard to help us out, I mean thanks and everything for the concern but your posts just give me a headache!
See you around.

You do realize that is Sierra is officially worthless? His best bet was to get it inside of October, which did not happen.

http://mining.thegenesisblock.com/a/854deda93a

His grand investment turned out to be just as good as ours.  Except we have ventures like ActiveExchange and future models to potentially profit off of.

finfloss,  I bought into AMC when shares were 0.0005 and back then there was REAL risk of it being a bad investment.  That was the appeal.

That tells you something about my investment strategies.  If I was willing and happy to invest in something that was, at that time being called, yet not proven not to be a scam, then it goes without saying I am still happy to be invested provided I believe in the business.

I was always in it for the long run and have, and still am, happy to ride the peaks and troughs.

I am still very confident about ActM's future and have no intention of selling any of my shares.

EDIT: and what if someone was invested in AM and turned 35btc into 350btc and those 35btc were purchchased under $50?

ANSWER:  $1,750  

I guess when someone asks real questions you call it rambling.  guess we differ on that.  and i've read page 1, not only of this thread, but the original threads, and every page of each of those threads.  we've had a few spurts of some information, but when was the last time there was anything real or substantial released?  i know there was the eAsic release.  that is good news.  but what else?

listen i've got 10 shares (apparently someone on cryptostocks sold me 2 more overnight), which means i've got no stress.  but just because i have no stress doesnt mean if i see a guy struggling i wouldnt try to help him.  i would speculate you, on the other hand, probably are much more deeply invested.  i know yall like to point out icebreaker's bad trade he made by turning 120k icedrill shares into a sierra, but at least he turned his "worthless" shares into something.  we know that zumzero has 700000 shares,
so it's obvious why he champions ACtM (he has to because if he were to think that he couldnt get his money back he would probably have killed himself by now)  since even if he were about to buy all of those shares at the lowest possible price (was it 0.0005 btc?) then that would be 350btc which is worth around $70k right now, and i HIGHLY doubt he only spent 350btc acquiring those shares.  but what about you?  how heavily invested are you for you to overlook the "rambling" that "has been gone over time and time again", AKA real questions about the status of this company etc?  and you know, ACtM doesnt have the corner on the market of a stock that is worth 1/10th of what it was in its glory days.  look at ASICMiner. a solid company built on delivering equipment without preorders, a fairly steady dividend stream, and not-so-great (but better than ACtM) communication.  it's also currently selling for close to 10% of its high.  and it also doesnt have a website (ACtM website has come a LONG way from the beginning days though).  difference - we know they deliver.  we know they have a decent pile of cash and BTC saved up.  we know they are working on a few different projects.  do they give all the info everyone requests?  No.  do they respond to every post in their thread asking questions?  No.  but when a post is made it at least has some substance to it.  Ken could do (and is doing) waaaay worse than trying to emulate Friedcat's company.

*edit - fixed a couple of posting mistakes

I think transparency and co-operation are key.  Let's be open and work with these people then we have little to fear.

We are working with our Lawyers on these points, of which one of our lawyers has worked at the SEC.

Thanks for the info but please say something about the real target of this security. I mean you cant be sued for vague info. And i even dont see how someone could sue you for saying that in week x you probably will be able to start mining with x TH.

Churning circle is right, this Belize issue has been gone over what 15-20 different times already. Give us a break.

I see the churning circle of FUD continues...

It really depends on what you mean by trade. I am able to set up a LLC today and sell the shares to other people for investment capital. My friend has done this and its completely legal. What you are probably talking about is offering the shares to the public and you are right, doing this in most jurisdictions is illegal.

However we have the new crowdfunding law coming into effect that will hopefully allow for an easier pathway to legitimate small time public share offerings.

Hey finlofs I guess you haven't been round here long. Everything in your rambling post has been gone over time and time again. You are repeating yourself like a mad man. Read page one, then take a chill pill. Alternatively sell your shares the stress is killing you. lol

Sure the shares are registered, in Belize.