Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 75. (Read 771512 times)

It will take years to get 106 BTC from those shares on CT.

Damn... so i thought i will finally be able to trade shares and then Ken comes up with the idea he has to get 106 Bitcoins from ukyo's shares. Judging from the time these shares are bought it will take ages until Ken has his money. Till then it doesnt make sense letting us trade because that instantly would stop his ability to sell these shares at 0.01BTC. Great Situation.

Interesting CoinTerra update via Reddit post: http://www.reddit.com/r/BitcoinMining/comments/1waoos/cointerra_hot_air_update_engineering_and/

TL;DR CoinTerra is having problems.

Sounds like an awesome time Jasun7211. Thanks for sharing.

What rigs does he use? They must be beta versions.

Great article that summed up the vibe of the last day of the Miami conference.  People seemed to still only like litecoin because its bitcoins handicapped little brother that we all feel sorry for, although worldcoin and others are better now.  Colored coins were met with a little more than luke warm reception, but etheryum was what got everyone panties in a bunch.    So idk if CC will be a ciabke option for our shares when the time is right to switch to decentralized shares.   Crazy I was just talking to Charlie Shreem yesterday, and now this.  This is nuts.  There are so many good things comming.  Bitcoin cell service starts tomorrow, a bitcoin school in Wynwood Miami, even a bitcoin mardigras in Mobile Bay.  Anyone is SoBe thar wants to meet up and chat ill be  shoot a message. The girls don't come out for another few hours anyway.  But there are a shit ton of amazing talented people in our community.

http://www.wired.com/wiredenterprise/2014/01/ethereum/

Oops

I would guess this is Luke Jr.'s rig(s)

crumbs has stooped to a new low and is now shitting all over the NEOBEE thread with the same crap that he has used on this one.  Do not reply to mainline and please avoid quoting him if you must.

The witch doesn't actually use the dog's name.

It is just: "I'll get you, my pretty, and your little dog too! Ah hahahaha!"

I'll get you, my pretty, and your little dog, Toto too!

Because you are a dick.

Edit: And a pathetic specimen of a human being.

I still like the idea of the third IPO, we can use the funds to refund the millions Active Mining got in pre-orders for the 28nm boards that Active Mining won't be delivering.
And then Ken could use the rest of the money for the .005 bid wall?  Why not?

Lead miner at Eligius is at 500 TH/s. The mining rigs that this entity has are the sloppiest miners around, completely unable to remain stable, but they work.

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

I stand corrected. I wasn't around at the time of the first launch but shortly after and haven't refreshed my memory of those heady days for some time. Thanks. 

The idea that the CEO of Active Mining should put up a bid wall is very, very, very stupid.

Any money from any source should not be used to hike up share price.
The CEO of Active Mining should spend his time bringing miners to market and bringing miners to be online and hashing.

The price of shares should be maintained based upon dividends being paid out and the real value of the company.

The CEO of Active Mining needs to transfer all shares to the same exchange at the same time and let market forces control the price of the stock.
At this point, the price of the stock should not affect what the CEO needs to do.
There should be enough funds from the various IPOs do do what needs to be done.
If there isn't, then we either have been lied to, or the incompetence is greater than we had thought.

At this point, when trading begins again, if the share price drops to next to nothing, that still should not make a difference since Active Mining already does have all the funds it should require to complete its task.

If all the frustrated shareholders who have been waiting dump their shares, that still should not affect what the CEO does.

The only things that should affect the price of the shares is faith in the company, and that is a function of the progress of development to the goal of mining on our own hardware.

Since Ken Slaughter has already hired engineers to design the chips and board, there is nothing to delay him from getting trading to resume this week.

Well there was an IPO for AMC at .0005 which went towards buying Avalon chips etc. Then the second IPO at .0025 was when the company was restructured so that ActiveMining would become the parent company of both AMC and VMC. The price was not due to market demand. It was the amount that the remaining shares of the 10 million had to be sold at to reach the $1M NRE for eASIC and only ~115,000 shares are left out of the 10,000,000 public shares.

Do you know what an IPO is for? Raising funds. We don't need to raise anymore funds.

You can't really have a second one anyway it's an initial PO. There really was only one, the 'second' was just a re-write and offer-price of shares was adjusted due to market demand.

About difficulty and network hash rate....

To reach 1500PH with the current cheapest hardware would take $4.5 BILLION invested in mining gear, to run that 1500ph/s at 1w/gh, with the cheapest leccy (1.7 cents/kwh) would cost $25.5 million PER DAY

At current bitcoin prices, daily mined bitcoins are only worth about $3.6 million.

Something would massively have to change (bitcoin to $10,000?) for difficulty to EVER hit 1500ph/s and that wouldn't stop ActM from being a viable company and competitor in the mining and retail markets.

So let's have another IPO?  The second one worked pretty well?

Oh well.  Seemed like a good idea at the time.