[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 460.

funkymunky

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I was keen to see Septembers "profits", as has been done with the previous months.

Quote from: sparky999 on October 16, 2013, 07:25:22 AM

Quote from: funkymunky on October 16, 2013, 05:26:19 AM

That's alright.
Yesterday I'd checked what he'd previously said in regards to this which is why I remembered.

That's the thing, I'm not sure as the $1.4m was for the last quarter, whereby it was explicitly stated we'd have the sales figures for September on 15Oct.

I'm probably reading too much into it though and am just overly excited about the future of ActM.

Quote from: zumzero on October 16, 2013, 04:44:08 AM

Quote from: funkymunky on October 16, 2013, 03:36:22 AM

Sorry that's not correct.
From my understanding the 3 month P&L was promised for the end of October.
Yesterday was simply Septembers sales figures.

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

Yes you are right. I was mistaken to mention P&L and balance sheet. Apologies, I shouldn't post at 7am from work. Embarrassed

So we are to assume that the $1.4M Ken mentioned the other day was in fact the Sep 15th announcement delivered early.

We already have the sale figures for the last couple of months somewhere in this thread some very simple subtraction should get you the answer to sept sales figures, if you can be bothered to search the thread, but from memory sept sales must be circa 1mill maybe a little over

sparky999

sr. member

Activity: 473

Merit: 250

Quote from: funkymunky on October 16, 2013, 05:26:19 AM

That's alright.
Yesterday I'd checked what he'd previously said in regards to this which is why I remembered.

That's the thing, I'm not sure as the $1.4m was for the last quarter, whereby it was explicitly stated we'd have the sales figures for September on 15Oct.

I'm probably reading too much into it though and am just overly excited about the future of ActM.

Quote from: zumzero on October 16, 2013, 04:44:08 AM

Quote from: funkymunky on October 16, 2013, 03:36:22 AM

Sorry that's not correct.
From my understanding the 3 month P&L was promised for the end of October.
Yesterday was simply Septembers sales figures.

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

Yes you are right. I was mistaken to mention P&L and balance sheet. Apologies, I shouldn't post at 7am from work. Embarrassed

So we are to assume that the $1.4M Ken mentioned the other day was in fact the Sep 15th announcement delivered early.

We already have the sale figures for the last couple of months somewhere in this thread some very simple subtraction should get you the answer to sept sales figures, if you can be bothered to search the thread, but from memory sept sales must be circa 1mill maybe a little over

funkymunky

sr. member

Activity: 283

Merit: 250

That's alright.
Yesterday I'd checked what he'd previously said in regards to this which is why I remembered.

That's the thing, I'm not sure as the $1.4m was for the last quarter, whereby it was explicitly stated we'd have the sales figures for September on 15Oct.

I'm probably reading too much into it though and am just overly excited about the future of ActM.

Quote from: zumzero on October 16, 2013, 04:44:08 AM

Quote from: funkymunky on October 16, 2013, 03:36:22 AM

Sorry that's not correct.
From my understanding the 3 month P&L was promised for the end of October.
Yesterday was simply Septembers sales figures.

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

Yes you are right. I was mistaken to mention P&L and balance sheet. Apologies, I shouldn't post at 7am from work. Embarrassed

So we are to assume that the $1.4M Ken mentioned the other day was in fact the Sep 15th announcement delivered early.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: funkymunky on October 16, 2013, 03:36:22 AM

Sorry that's not correct.
From my understanding the 3 month P&L was promised for the end of October.
Yesterday was simply Septembers sales figures.

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

Yes you are right. I was mistaken to mention P&L and balance sheet. Apologies, I shouldn't post at 7am from work. Embarrassed

So we are to assume that the $1.4M Ken mentioned the other day was in fact the Sep sales figures announcement delivered early.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: zumzero on October 16, 2013, 01:20:35 AM

Quote from: coinminers on October 16, 2013, 12:22:14 AM

Quote from: KCK402 on October 14, 2013, 08:25:33 PM

So what about the US share holders? Are we still just waiting for what we should do?

I know I am ... =/

What is it with all these symbols? What do they mean? Is this the same thing as the American's strange obsession with abbreviating everything, that we now need to understand random symbols as well? ==/ ==/=

Let me explain:

=/ =/=

=/ ==

funkymunky

sr. member

Activity: 283

Merit: 250

Sorry that's not correct.
From my understanding the 3 month P&L was promised for the end of October.
Yesterday was simply Septembers sales figures.

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: zumzero on October 16, 2013, 01:41:55 AM

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

~~Lets hope his explanation is good.~~ EDIT: P&L at the end of the month.

Dividend day is today and its going to be really poor. I expected single digit satoshi dividends within several weeks.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: drawingthesun on October 16, 2013, 01:43:13 AM

Quote from: zumzero on October 16, 2013, 01:20:35 AM

What is it with all these symbols? What do they mean? Is this the same thing as the American's strange obsession with abbreviating everything, that we now need to understand random symbols as well? ==/ ==/=

By creating many abbreviations and symbols, the speaker can seem more intelligent when they are asked to explain what their symbols mean. Its shifts position of power in an argument to the person who knows what all the symbols mean.

Using language everyone can understand would create too much of an equal footing, especially when most internet arguments/discussions are really weak.

drawingthesun

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Activity: 1176

Merit: 1015

Quote from: zumzero on October 16, 2013, 01:20:35 AM

What is it with all these symbols? What do they mean? Is this the same thing as the American's strange obsession with abbreviating everything, that we now need to understand random symbols as well? ==/ ==/=

By creating many abbreviations and symbols, the speaker can seem more intelligent when they are asked to explain what their symbols mean. Its shifts position of power in an argument to the person who knows what all the symbols mean.

Using language everyone can understand would create too much of an equal footing, especially when most internet arguments/discussions are really weak.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: superduh on October 16, 2013, 01:05:29 AM

almost nov. good news should start rolling out soon right?

Depends on your perspective.

Some might suggest that Ken failing to deliver on his promise of releasing a 3 month P&L and balance sheet yesterday means that he can't be trusted to keep his word in the future.

I, on the other hand, would settle for an apology and an explanation as to why he hasn't kept his word.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: coinminers on October 16, 2013, 12:22:14 AM

Quote from: KCK402 on October 14, 2013, 08:25:33 PM

So what about the US share holders? Are we still just waiting for what we should do?

I know I am ... =/

What is it with all these symbols? What do they mean? Is this the same thing as the American's strange obsession with abbreviating everything, that we now need to understand random symbols as well? ==/ ==/=

superduh

hero member

Activity: 602

Merit: 500

almost nov. good news should start rolling out soon right?

coinminers

full member

Activity: 147

Merit: 100

Quote from: KCK402 on October 14, 2013, 08:25:33 PM

So what about the US share holders? Are we still just waiting for what we should do?

I know I am ... =/

drawingthesun

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Activity: 1176

Merit: 1015

Quote from: Nootnewbie on October 15, 2013, 10:19:49 PM

Is this weekly-reinvestment reasonable? Any idea how much $$ as well as how much time it would take to keep up with the hash rate? I'm just saying as it seems like it will take approximately 6 months from chip design to production for this current batch. Perhaps it will take about the same time for the next batch? Maybe it's best to just one and done it? Take the money and run? Just playing devil's advocate here. I'm invested in Actm; just curious to see if people knew what Ken's game plan was.

Then that is an issue, Ken needs to pay just under 0.0025 to 10,000,000 shares before he starts earning on his 15,000,000 shares. Will the current batch be enough to earn more than 0.0025? Most likely not. Thats why we need reinvestment.

Nootnewbie

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Quote from: drawingthesun on October 15, 2013, 10:09:08 PM

Quote from: Nootnewbie on October 15, 2013, 09:59:36 PM

Quote from: drawingthesun on October 15, 2013, 09:41:07 PM

Quote from: wasubii on October 15, 2013, 09:36:24 PM

Shouldn't that be 60% reduction in profits every 2 weeks?

Difficulty change is between 25% - 35% every two weeks.

With all these increases in difficulty, would we be able to get a rough estimate of total profit from sales/mining with the chips currently in development?

As in would we be able to find out what the shelf life of this batch would be? 3 months? 6 months?

I think the idea is that Ken must put a decent amount of money back into R&D every week just to keep the hash rate percentage the same. How effective this is depends on if that reinvested money is enough to keep us going.

If we just get these chips and send all profits to investors then the shelf life of the eASIC hardware is about 2 months absolute max before they are bricks.

Is this weekly-reinvestment reasonable? Any idea how much $$ as well as how much time it would take to keep up with the hash rate? I'm just saying as it seems like it will take approximately 6 months from chip design to production for this current batch. Perhaps it will take about the same time for the next batch? Maybe it's best to just one and done it? Take the money and run? Just playing devil's advocate here. I'm invested in Actm; just curious to see if people knew what Ken's game plan was.

drawingthesun

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Activity: 1176

Merit: 1015

Quote from: Nootnewbie on October 15, 2013, 09:59:36 PM

Quote from: drawingthesun on October 15, 2013, 09:41:07 PM

Quote from: wasubii on October 15, 2013, 09:36:24 PM

Shouldn't that be 60% reduction in profits every 2 weeks?

Difficulty change is between 25% - 35% every two weeks.

With all these increases in difficulty, would we be able to get a rough estimate of total profit from sales/mining with the chips currently in development?

As in would we be able to find out what the shelf life of this batch would be? 3 months? 6 months?

I think the idea is that Ken must put a decent amount of money back into R&D every week just to keep the hash rate percentage the same. How effective this is depends on if that reinvested money is enough to keep us going.

If we just get these chips and send all profits to investors then the shelf life of the eASIC hardware is about 2 months absolute max before they are bricks.

Nootnewbie

member

Activity: 63

Merit: 10

Quote from: drawingthesun on October 15, 2013, 09:41:07 PM

Quote from: wasubii on October 15, 2013, 09:36:24 PM

Shouldn't that be 60% reduction in profits every 2 weeks?

Difficulty change is between 25% - 35% every two weeks.

With all these increases in difficulty, would we be able to get a rough estimate of total profit from sales/mining with the chips currently in development?

As in would we be able to find out what the shelf life of this batch would be? 3 months? 6 months?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: wasubii on October 15, 2013, 09:36:24 PM

Shouldn't that be 60% reduction in profits every 2 weeks?

Difficulty change is between 25% - 35% every two weeks.

wasubii

sr. member

Activity: 448

Merit: 250

Quote from: drawingthesun on October 14, 2013, 06:20:29 AM

Quote from: sparky999 on October 14, 2013, 06:08:58 AM

This should mean we have chip samples at end of Nov and won't be hashing fully till Jan. Can you confirm this is accurate Ken or have things changed?

Quote from: http://virtualminingcorp.com/pr130904.pdf

“The fast design and turnaround time of Nexteme-3 28nm single via configuration ASIC devices
coupled with the impressive performance and low power makes this an ideal solution for our
Fast-Hash-One Bitcoin Mining Machines,” said Kenneth E. Slaughter, CEO of VMC

I don't think waiting 3 months for miners from September 19th is a fast turnaround, the eASIC deal has been ongoing for a while. So actually the turnaround is more like 5 - 6 months. Its a shame this is being considered fast.

With 60% loss in profits per month, well its a little too depressing to think about actually.

Shouldn't that be 60% reduction in profits every 2 weeks?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Nootnewbie on October 15, 2013, 05:18:33 PM

Quote from: knybe on October 15, 2013, 05:13:38 PM

Quote from: navitatl on October 15, 2013, 05:11:43 PM

Quote from: Nootnewbie on October 15, 2013, 04:34:52 PM

Any particular reason for this?

One less layer of trust, as long as you know what you're doing. And it won't be associated with your identity.

Doesn't necessarily need to be a paper wallet, you can also use Bitcoin-Qt client to make a new public address for BF that you can sign as well.

Thanks for the help guys.
Am I right to assume that I can't sign anything with a coinbase wallet?

I would imagine so, don't know where you'd do that on CB.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 460. (Read 771288 times)