Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 464. (Read 771288 times)
October 14, 2013, 05:16:39 PM
Haha, crumbs and iceman are back in full force! I'm back to munching on my popcorn and hanging onto my shares (along with the considerable amount of IceDrill and AsicMiner I've accumulated to hedge my bets). I'm glad there's people out there enjoying this as much as I am.
October 14, 2013, 05:06:15 PM
Some back-of-the-napkin calculations show that Actm needs about $3.5M in profits in order to pay back 0.0025 BTC/Share to the first 10M shares.
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
Asicminer is not near to Activemining to be able to compare. Asicminer was nearly alone in a time of way lower difficulty. Activemining will have a harder stand here.
That's true; I was wondering about calculations such as if Actm controlled X% of total hashing, its daily BTC would be Y BTC, or something to that extent.
EDIT: With at least realistic/expected numbers
October 14, 2013, 05:01:48 PM
Some back-of-the-napkin calculations show that Actm needs about $3.5M in profits in order to pay back 0.0025 BTC/Share to the first 10M shares.
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
Asicminer is not near to Activemining to be able to compare. Asicminer was nearly alone in a time of way lower difficulty. Activemining will have a harder stand here.
October 14, 2013, 04:57:50 PM
Some back-of-the-napkin calculations show that Actm needs about $3.5M in profits in order to pay back 0.0025 BTC/Share to the first 10M shares.
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
Are there any estimates based on other operations such as AsicMiner as to how long this may take when taking into account Sales/Mining?
October 14, 2013, 04:17:28 PM
...
The long term shareholders don't care about the short term share price. This has been stated over and over. They are in it for the divs and long term share value.
Best of luck to you with your own investments, I genuinely hope you make lot's of coin from them.
Critical posts are welcome but do try to be as constructive as you can so that we can all benefit from you contributions.
The long term shareholders don't care about the short term share price. This has been stated over and over. They are in it for the divs and long term share value.
Best of luck to you with your own investments, I genuinely hope you make lot's of coin from them.
Critical posts are welcome but do try to be as constructive as you can so that we can all benefit from you contributions.
Not sure i understand how this long-term investing stuff works. See if i got it right:
Naive long-term investors such as myself misconstrue plummeting share prices as "a bad thing." Operating under mistaken assumption that buying shares at a lower price is somehow better than buying the same shares at a higher price, they fail to lose money (which, as you know, is the real goal of long-term investors).
Given a chance to enter a position, shrewd investors wait for the price to rise to its apex, buy, and watch with satisfaction as the price tanks. By skilfully timing the process to exit at the lowest & enter at the highest price points, a savvy investor manages to lose substantially more coin than the bitdust received in dividends -- a goal each ActM investor aspires to.
That about right?
Not interested in playing that game. Just like the top 15 whales, I'm simply watching and waiting and have plenty of patience. I'll be here longer than you crumble and WILL have the last laugh. Anyway, it's nice to see you drop the childish patter. Seems like Ken constantly deleting your posts finally forced you to abide by the rules.
October 14, 2013, 04:08:01 PM
can't say a fucken thing in here without some whinny bitch trolling it.
October 14, 2013, 02:53:52 PM
HashFast is getting chips 3x more efficient than KnC in a week.
ACTM is doomed.
ACTM is doomed.
Actually your beloved icedrill is also doomed. Troll.
When "doomed" means I'm getting at least 4 Batch 1 Sierras, that's fine with me!
My Sierras will be hashing at 5TH+ before you get your crappy ActiveFailing chips.
Also, IceDrill enjoys the option to stay on Bitfunder, unlike ActiveFailing (soon to be seen in an unconstitutional SEC administrative "court").
I was called "troll" by many who lost their shirt betting on ActiveFailing.
How did that work out for them?
The long term shareholders don't care about the short term share price. This has been stated over and over. They are in it for the divs and long term share value.
Best of luck to you with your own investments, I genuinely hope you make lot's of coin from them.
Critical posts are welcome but do try to be as constructive as you can so that we can all benefit from your contributions.
October 14, 2013, 02:41:56 PM
October 14, 2013, 11:48:22 AM
I love how we all have to guess at what's gong on with ACTIVEMINING.
I don't need to guess, having taken my money out of ACTM at a huge profit back in August.
But yes, I do love how you, zum, and the other one or two die-hard cheerleaders don't even know exactly what your cheering for any more.
KnC shipped a much more complex chip in less time.
HashFast is getting chips 3x more efficient than KnC in a week.
ACTM is doomed.
If you're not in this anymore, then why do you keep coming in here to look at it and snark like a twelve year old...
Now step your silly ass out of this thread and kindly take a flying fuck at the pit of hell.
October 14, 2013, 11:21:45 AM
I love how we all have to guess at what's gong on with ACTIVEMINING.
I don't need to guess, having taken my money out of ACTM at a huge profit back in August.
But yes, I do love how you, zum, and the other one or two die-hard cheerleaders don't even know exactly what your cheering for any more.
KnC shipped a much more complex chip in less time.
HashFast is getting chips 3x more efficient than KnC in a week.
ACTM is doomed.
What exactly are they getting in a week?
October 14, 2013, 11:18:11 AM
HashFast is getting chips 3x more efficient than KnC in a week.
ACTM is doomed.
ACTM is doomed.
Actually your beloved icedrill is also doomed. Troll.
October 14, 2013, 11:15:18 AM
I love how we all have to guess at what's gong on with ACTIVEMINING.
I don't need to guess, having taken my money out of ACTM at a huge profit back in August.
But yes, I do love how you, zum, and the other one or two die-hard cheerleaders don't even know exactly what your cheering for any more.
KnC shipped a much more complex chip in less time.
HashFast is getting chips 3x more efficient than KnC in a week.
ACTM is doomed.
October 14, 2013, 10:21:44 AM
Ken posted this on 19th septemeber
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
We have had this discussion multiple times in the various ActM threads.
The time ranges are correct, as per eASIC's own information*, but the clock starts at the time of NRE payment. Due to the NDA covering all monetary exchanges between parties, Ken could not inform us exactly when the NRE was paid, but did say towards the end of August that it had been "quite some time ago". By most estimates the NRE was paid within the first two weeks of August. I estimate off of an NRE paid on the 12th.
For what it's worth, I think Ken could have prototypes hashing before the end of the month.
* http://www.easic.com/high-speed-transceivers-low-cost-power-fpga-nre-asic-45nm-easic-nextreme-2/easic-nextreme-2-overview/
October 14, 2013, 08:23:07 AM
Changes. About two weeks apart, and mostly the same addresses own the same amounts.
Position #8 seems to have sold off all of his or her shares. After that, there is some position shifting.
What does that all mean?
[/size]
Position #8 seems to have sold off all of his or her shares. After that, there is some position shifting.
What does that all mean?
| 10/1/2013 0 Asset Shares Public Bitcoin Address 1 ActiveMining 556,687 14yTynjmSe5bsRGykDaaCL5bm2pxiEfcqE 2 ActiveMining 240,000 1GU4U6oPgBDjBzq7F5jrArJ5UyT8dy6MrQ 3 ActiveMining 232,175 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq 4 ActiveMining 226,306 1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ 5 ActiveMining 205,991 1Pn9fHiHJsgBgbYf1rksof2xRRDZLrzW6q 6 ActiveMining 203,293 1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL 7 ActiveMining 196,948 1Gphg5x9zTk1MNVDjwKm9c2MSH73K4GAhX 8 ActiveMining 186,764 1AgcKvKFw1UTMifBWMkcMt1jPCnJMXjx3P 9 ActiveMining 173,477 1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS 10 ActiveMining 160,422 1PsUo73wzp8MbCy9adAxH3Kom1cz6HFJ8q 11 ActiveMining 160,420 13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY 12 ActiveMining 159,430 1AGwbfHjaddMwWA9zSEwSJLV2ZBoSSWXP9 13 ActiveMining 144,777 1D5dbRqnULwJUBQKaJM8zWzd6iXWBjDkQB 14 ActiveMining 137,267 1KQDRue63B2MVYWdP2FbGYnBJE2trDnWX5 | 10/14/2013 1 509,979 14yTynjmSe5bsRGykDaaCL5bm2pxiEfcqE 2 240,000 1GU4U6oPgBDjBzq7F5jrArJ5UyT8dy6MrQ 3 232,175 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq 4 226,806 1LKSeSk8cE2hEPGPs4Chx7EsGa5KuAwmDQ 5 207,887 1Pn9fHiHJsgBgbYf1rksof2xRRDZLrzW6q 6 203,293 1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL 7 201,537 1Gphg5x9zTk1MNVDjwKm9c2MSH73K4GAhX 8 161,941 1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS 9 160,959 1PsUo73wzp8MbCy9adAxH3Kom1cz6HFJ8q 10 159,312 1KQDRue63B2MVYWdP2FbGYnBJE2trDnWX5 11 159,084 1PZQxfkrufudbNa4bKyc1Vas3RSv6d7C1A 12 155,025 1AGwbfHjaddMwWA9zSEwSJLV2ZBoSSWXP9 13 137,183 1BeAEnppvVgT7T8US8mUNe7n2nxDudApmG 14 128,777 1D5dbRqnULwJUBQKaJM8zWzd6iXWBjDkQB |
October 14, 2013, 08:03:14 AM
What does the over 1M$ in sales mean for investors? The price of shares reacted after this announcement but now it's leveling. I would think this would have a bigger impact, but i guess this 1M$ isn't worth much?
Nothing matters until we have chips from eASIC and we put them on boards and get those boards hashing. This is the only thing that matters.
If we don't get the chips soon this company is worth nothing.
The million dollars has to be returned if we cannot deliver the machines anyway, Ken said this himself. So if we don't hash this share hits 0.
The reason that the price is so low is that most investors do not believe we will hash in time, and they may be right.
EDIT: And I am quite heavily invested, if we do not hash in time I will lose a lot. And when I say in time, I mean if we keep delaying each month reduces our potential profits by over 60% If we can't hash in November this company is out for good.
I hearby declare your new title to be that of 'drawingthecloud'
Seriously though, why all the doom and gloom? I disagree with your explantation for the current share price. I think it's more to do with the fact that the flippers and speculators left long ago, not to mention recent events with the BF announcement. Add to that the fact that we were let down with the Avalon chips and should have been mining weeks ago at a respectable rate. In this game hours are days, days are weeks and weeks are months, and if a company isn't seen to be making giant leaps forward all the time then share price declines as the short term speculators jump ship.
October 14, 2013, 06:52:33 AM
Ken posted this on 19th septemeber
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
The timing of sample chips (end of Nov) seems correct given the following statement from last month:
eASIC press release:
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
http://virtualminingcorp.com/pr130904.pdf
http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/
Additional important news for shareholders from Ken via the Advisory Board:
First units on schedule for second half of November.
PR will post this formally shortly (re: press release)
Also, it seems some customers will have equipment in hand before January:
I tried to place an order but the approx delivery is 31 December.
"Approximate date of delivery with this carrier is between Tuesday 31 December 2013 and Thursday 2 January 2014 * "
Is this Right??
Thank You
"Approximate date of delivery with this carrier is between Tuesday 31 December 2013 and Thursday 2 January 2014 * "
Is this Right??
Thank You
This is what our shopping cart is estimating, based on the pre-order queue. It should be before this date.
I think it's safe to say we will be mining before customers.
October 14, 2013, 06:20:29 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
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.
October 14, 2013, 06:15:10 AM
Ken posted this on 19th septemeber
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
I was under the impression that the process had started long before September 19th and that when Ken wrote that he did not mean from that point we have to wait 3 months.
If so this is severely unfortunate. Hopefully the sample chips can offer a decent hash rate.
October 14, 2013, 06:08:58 AM
Ken posted this on 19th septemeber
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.
Chip samples delivered in 9 weeks;
Low-volume chip production starting in 12 weeks, using an e-beam process;
Normal volume chip production starting in 16-18 weeks.
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?
October 14, 2013, 05:07:53 AM
What does the over 1M$ in sales mean for investors? The price of shares reacted after this announcement but now it's leveling. I would think this would have a bigger impact, but i guess this 1M$ isn't worth much?
Nothing matters until we have chips from eASIC and we put them on boards and get those boards hashing. This is the only thing that matters.
If we don't get the chips soon this company is worth nothing.
The million dollars has to be returned if we cannot deliver the machines anyway, Ken said this himself. So if we don't hash this share hits 0.
The reason that the price is so low is that most investors do not believe we will hash in time, and they may be right.
EDIT: And I am quite heavily invested, if we do not hash in time I will lose a lot. And when I say in time, I mean if we keep delaying each month reduces our potential profits by over 60% If we can't hash in November this company is out for good.
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