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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 444. (Read 771288 times)

hero member
Activity: 602
Merit: 500
myBitcoin.Garden
Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   Lips sealed

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  Shocked

Mark my words.  Cool


This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.

Did you read the reply he gave to a recent pm?

If you didn't, here it is again...

Hi Ken,

Are there any words you can offer to help quell the frustrations of shareholders at present?

If you are able to share anything regarding our progress without revealing commercially sensitive information or breaking the NDA, it would go a long way in restoring confidence.

I'm sure you are aware of the loyalty that these guys have shown and the belief the majority still have in you, and would ask that you give this request serious consideration.

Here's a couple of things to consider.

1)  Do you have any timelines you can share regarding the chips?
2)  Is there anything you can say about how the development/production process is progressing?
3)  Can you explain why you are so confident that the exponential rise in difficulty is not going to end this companies ambitions to create a profitable mining farm.

Cheers,


zumzero

Yes, I see the frustration; however, we are in a very competitive environment so I have to be very careful of what I say.  I am sure our competitors are reading this thread.  I read theirs some when I have time.
full member
Activity: 210
Merit: 100
Meanwhile, beyond Equestria's boarders...
Happy 3 Million!
legendary
Activity: 1176
Merit: 1015
Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   Lips sealed

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  Shocked

Mark my words.  Cool


This makes no sense, why would he want to maintain radio silence in the first place?

Our competitors have one single mode: Mine as many Bitcoins as possible, no information from any other company will change this.
sr. member
Activity: 275
Merit: 250
Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   Lips sealed

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  Shocked

Mark my words.  Cool

^^Sarcasm?

^^ duh?!

(Sarcasm)
full member
Activity: 210
Merit: 100
Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   Lips sealed

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  Shocked

Mark my words.  Cool

^^Sarcasm?
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
Ken's keeping his cards very close to his chest so this means when he decides to break radio silence it will be with news of a major development.   Lips sealed

I expect we will have fully working FAST-HAST miners already stress tested and fully operational BEFORE Ken tells us anything.  Shocked

Mark my words.  Cool



hero member
Activity: 532
Merit: 500
https://karatcoin.co
Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?

Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...

I'm not a FUDster, nor am I panicking, but I get why the mood is depressed.

It's hard to see other ventures taking advantage of the lower current difficulty while also participating in growing the difficulty for the next period. This hardship is exacerbated by the fact that Ken has offered no real news to his investors. So people are in the dark about their investment, when it might be profitable, and how profitable it might be - while at the same time watching others profit immediately.

Ouch, right?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?

Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...

Everytime the difficulty increases by 30% - 40% many of us freak out. We are being left far behind with no reassurance that we are on track, Ken has not even ordered the first batch yet.

Right... its no fun to see.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
Well somebody's out there mining gettin coin... And it ain't us.
legendary
Activity: 1176
Merit: 1015
Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?

Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...

Everytime the difficulty increases by 30% - 40% many of us freak out. We are being left far behind with no reassurance that we are on track, Ken has not even ordered the first batch yet.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Wheres the latest depression comes from? The last time everyone was hyped because ActiveMining was mentioned in BBC or similar and now all is bad again? What news support this?

Sometimes some labcoin and activemining trader looks to me like manic depressives, changing from deep depressions to high euphorica and back to start again...
hero member
Activity: 602
Merit: 500
myBitcoin.Garden
It must be very difficult to make a statement saying a high risk buisness investment is unlikely to succeed.
legendary
Activity: 1176
Merit: 1015
Yeah I wish I had done some more research into the criticisms before investing.

Not much I can do now, I hope that we get miners soon and a decent dividend.
full member
Activity: 210
Merit: 100
Crumbs.

Yep.  It's me.  The guy who called it from day one & tried to save you from this cesspool of fail.
Now total failure is guaranteed, even if these chips prove to be more than a fever dream Cry



Do you have a link to this post on day one? I am genuinely curious.

I'm not going to look for it now, this forum's search is sort-a painful.  You're right, it wasn't on day 1 -- simply my first encounter with ActM, my first post in the now-locked thread ~3 months ago.  My ignore button was still a virgin then, but got raped to its current color within a few days  Smiley
I'll find the post for you in a bit -- thanks for asking.
legendary
Activity: 1176
Merit: 1015
Crumbs.

Yep.  It's me.  The guy who called it from day one & tried to save you from this cesspool of fail.
Now total failure is guaranteed, even if these chips prove to be more than a fever dream Cry



Do you have a link to this post on day one? I am genuinely curious.
full member
Activity: 210
Merit: 100
Crumbs.

Yep.  It's me.  The guy who called it from day one & tried to save you from this cesspool of fail.
Now total failure is guaranteed, even if these chips prove to be more than a fever dream Cry

legendary
Activity: 1176
Merit: 1015
full member
Activity: 210
Merit: 100
What is ActiveMining's policy towards customers who pre-ordered miners that are predicted to have a negative ROI?  I'm thinking of throwing some money down on a miner now that BTC is way up....

Here's the thing. It's a bet on whether or not you think that the difficulty increase is going to be 100+% compounded monthly. There's got to be a stopping point to the difficulty growth. The genesis block measures it at an extremely high increase over time. Maybe that's realistic but since we've hit the best asic technology that will exist for a while, I think we'll stay within the same order of magnitude for some time. I expect that we will see the difficulty levels flatten out. With that in mind, the calculator becomes negligible in the current environment. Maybe I'm making some bad assumptions and I welcome friendly discussion, but I think that mining will still continue to be profitable, especially with the btc value constantly increasing.

This is a liquid free world-wide market that can't be controlled. The world has never seen anything like this before. Don't be surprised if crazy shit happens.

Of course there's going to be a point where exponential growth slows down and even stops.  It's not happening any time soon, and banking on it happening is betting against the odds.  If anything, Genesis block predictions proved to be optimistic.  With Bitfury and KNC gear coming online and Hashdfast, Cointerra & co. scheduled to do the same, BFL & other established players are also introducing 28nm offerings.  There is no reason to expect a slowdown.

As far as free market rhetoric, this market is controlled by people with money -- the same people who have always controlled the free market, and brought you the wonderful innovations you know and love -- the nation-state & the government.
hero member
Activity: 980
Merit: 503
I for one am glad that Ken is spending his time working and getting the company sorted as well as other things that help the company. This is how this works. Ken needed money to get an ASIC mining company going. We lent Ken that money and he is using it to make us a fantastic company. He is not spending his time in here answering every ones questions about when, how and why, hes busy. Get it.. He's busy working on building us a great company we can be proud of. It sad when I can skip 5 pages of BS and know I have missed nothing, Not One Thing.   Focus on the project people,  Stay on target.   If your worried about the price dropping, my guess is that its Americans that fear that Bitcoin's, or Colour Coins are going to fail. I do not see this happening. I feel that the SEC sent the regular letter out expecting the BTC stock exchanges to comply and pay the extravagant fees. The SEC did not expect them to exclude Americans and they are rethinking this. Either way they missed the boat, Coloured Coins are here to stay thanks the the SEC, TY SEC.
hero member
Activity: 887
Merit: 1000
What is ActiveMining's policy towards customers who pre-ordered miners that are predicted to have a negative ROI?  I'm thinking of throwing some money down on a miner now that BTC is way up....
There is no "insurance policy" if that's what you're asking. If it will have a negative ROI in your calculations then don't order. Less orders just means the ActM Batcave will have more hash power for itself.

Oh ok, I just thought I heard somewhere (maybe his interview?) that he was planning on something like an "insurance policy" like giving extra hashing power or something.

He did say if he missed the scheduled date he would give extra hashing power.
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