[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 464.

zumzero

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Quote from: ?? on ??

Quote from: zumzero on October 14, 2013, 02:53:52 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.

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.

knybe

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decentralize EVERYTHING...

can't say a fucken thing in here without some whinny bitch trolling it.

zumzero

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myBitcoin.Garden

Quote from: ?? on ??

Quote from: drawingthesun on October 14, 2013, 11:18:11 AM

Quote from: iCEBREAKER on October 14, 2013, 11:15:18 AM

HashFast is getting chips 3x more efficient than KnC in a week.

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! Cheesy

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? Wink

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.

zumzero

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Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: LorenzoMoney on 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?

   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

[/size]

Thanks for taking the time to compile these lists. To me this information is a clear indication that one of the following is true, (i) some or all of these investors are only holding these shares because the 14 day mean share price suggests they are in negative equity (ii) some or all of these shareholders believe that holding these shares is a sound investment. (iii) some or all of these shareholders are dead.

Given that the vast majority of the above shares were purchased at the price of 0.0005 btc per share, and that it's extremely unlikely they've came to a sticky end, I declare (ii) the winner.

knybe

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decentralize EVERYTHING...

Quote from: iCEBREAKER on October 14, 2013, 11:15:18 AM

Quote from: ?? on ??

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.

Elokane

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Activity: 817

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Truth is a consensus among neurons www.synereo.com

Quote from: iCEBREAKER on October 14, 2013, 11:15:18 AM

Quote from: ?? on ??

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?

drawingthesun

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Quote from: iCEBREAKER on October 14, 2013, 11:15:18 AM

HashFast is getting chips 3x more efficient than KnC in a week.

ACTM is doomed.

Actually your beloved icedrill is also doomed. Troll.

iCEBREAKER

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Activity: 2156

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Crypto is the separation of Power and State.

Quote from: ?? on ??

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.

kleeck

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https://karatcoin.co

Quote from: sparky999 on 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?

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/

LorenzoMoney

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Merit: 250

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?

   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

[/size]

zumzero

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Quote from: drawingthesun on October 14, 2013, 05:07:53 AM

Quote from: BitcoinForumator on October 14, 2013, 04:57:11 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' Grin

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.

deizel

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Quote from: sparky999 on 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?

The timing of sample chips (end of Nov) seems correct given the following statement from last month:

Quote from: ffssixtynine on September 04, 2013, 04:20:49 PM

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)

Also, it seems some customers will have equipment in hand before January:

Quote from: kslaughter on October 02, 2013, 06:49:22 PM

Quote from: handytxg on October 01, 2013, 01:19:29 PM

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

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.

drawingthesun

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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.

drawingthesun

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Activity: 1176

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Quote from: sparky999 on 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?

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.

sparky999

sr. member

Activity: 473

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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?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: BitcoinForumator on October 14, 2013, 04:57:11 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.

BitcoinForumator

legendary

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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?

aquarius

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Activity: 275

Merit: 250

Quote from: VolanicEruptor on October 13, 2013, 09:37:05 PM

Quote from: knybe on October 13, 2013, 08:21:25 PM

Quote from: VolanicEruptor on October 13, 2013, 07:13:58 PM

Quote from: Stuartuk on October 13, 2013, 06:16:49 PM

Quote from: Nootnewbie on October 13, 2013, 05:26:58 PM

Lets say that ActivingMining ends up not selling as many units as one would like. Couldn't Actm just use those unsold units to mine? It seems like a focus on selling units is short sighted if you actually trust that Actm will produce units that will exceed ROI.

Yeah I think that is all pretty obvious. It goes without saying. There is no focus only on selling, not sure where you get that from.

ACtM are going to both sell all the machines they can for instant income to reinvest and at the same time fill the mining farm up for longterm payouts.

this is great, assuming that Ken can move faster than a drunken sloth. Hope he takes all his meds..

Must be tough to be involved with you in real life... negative people are a total downer.

I don't discuss this dark world of bitcoin stocks with RL people. I skydive and am currently taking flight lessons, not shitting you, I also get out a lot and am quite the family guy.. my life is fun as fuck right now and I'm actually a nice guy to get a long with, ask anybody who knows me in person. Ken has forced me to break character on here, long time ago.

yeah, because everyone knows that if you don't get what you want, the optimal behaviour is to throw a fit and act like a spoiled child. Reason and debate in a civil tone is what sub-humans do, right?

int3ractivodular

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Activity: 280

Merit: 250

TECHNOLOGY, BABY!

Good to know we won't have to be super worried about the exchanges shutting down all over the place.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Ozymandias on October 14, 2013, 12:22:31 AM

So is the $1.4M money that is received in hand (or already paid to easic or whatever) or is that the amount pledged with no commitment? That's a good number and I'm happy to see it, but I'd like to know what it means.

Also, very excited about both the exchange and the colored coin plan, next couple of months should be exciting!

I remember Ken saying it was pledged with no commitment, I can't find exactly where he said that though.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 464. (Read 771542 times)