[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 76.

JoTheKhan

sr. member

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Quote from: JoTheKhan on January 27, 2014, 04:36:53 PM

Quote from: Bitdust on January 27, 2014, 04:35:01 PM

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

I do not.

I am against for two reasons.

1. Ken should not have control of the price of shares like that, I'm against the shares he has up now. It's unethical imho.

2. I don't think they will be locking the security when shares start going out. I can pretty much feel it with every fibre of my being that this security will not be locked as some people gain their shares before others. This means the people who gain their shares first can sell through the .005 wall and then (if they want) wait for shares to crash which they will inevitably do until we get some substantial proof of anything Ken has said and buy shares for 1/2 or 1/5 or 1/10 or 1/100 what they just sold them for.

As always, so that I am not called some Fudster or what not. I have faith that this company will succeed and do not plan to sell my shares unless the price hits a number that I am very sure it won't be hitting anytime soon.

minerpart

sr. member

Activity: 280

Merit: 250

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Quote from: mainline on January 27, 2014, 04:56:18 PM

I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025? Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO?

Yes, the original IPO (for VMC) was re-written after shareholder demands into an IPO for ACtM. That was to ensure shareholders get a guaranteed 0.0025 BTC per share payout before Ken's shares get any dividends.

VMC is now a wholly owned subsidiary of ACtM. Essentially VMC is the manufacturing side of ACtM and shareholders in ACtM get all of the VMC profits. There are no longer any shares in VMC.

There is no need for a third IPO. Ken has sufficient funds to progress. He has never said we need to raise anymore funds from shareholders and has not asked for any more funds from shareholders.
The second IPO was actually a continuation of the first and was the shareholders idea.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: minerpart on January 27, 2014, 04:49:47 PM

The short-term price of shares is not the CEO's concern. If you want to sell, do so, if you want to hold do so. These shares will start paying off in a month? 6weeks? But as the chances of our investment making ROI+ has recently gone up 1000% I don't see many bids below 0.003 being filled for long.

As I worked out some days ago. If we can take and then hold just 1.25% of global hash by beginning of April, and meet our predicted sales figures, and see BTC appreciate to an average of 5k USD over the current full year year then we will see a dividend payment that would project into a share price of 0.031BTC per share.

Quote from: minerpart on January 23, 2014, 11:53:30 AM

link to my post

That's a big just. Right now the network hashrate is ~17PH. Even if by the beginning of April it's only double what it is now, 1.25% would be a 425TH/s mining farm. Given the 55nm specs, you're looking at almost 1MW draw to power that much equipment (plus cooling). That's not something you just throw together in a month.

mainline

newbie

Activity: 56

Merit: 0

Quote from: somestranger on January 27, 2014, 04:41:11 PM

Quote from: Bitdust on January 27, 2014, 04:35:01 PM

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

So basically you want the company to throw away money buying shares back? People panic selling has no impact on the company's ability to move forward. If you really want share buybacks then they could be done 10x cheaper for .0005 which the original IPO was done at.

I thought the .0005 IPO was for VMC, and the AMC IPO was @.0025? Or were there there 2 AMC IPOs?
Would it be possible to have a third IPO? Start fresh on the new exchange?
I've been doing some serious brainstorming, I got really cool spreadsheets with formulas and shit if you guys like math...

minerpart

sr. member

Activity: 280

Merit: 250

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The short-term price of shares is not the CEO's concern. If you want to sell, do so, if you want to hold do so. These shares will start paying off in a month? 6weeks? But as the chances of our investment making ROI+ has recently gone up 1000% I don't see many bids below 0.003 being filled for long.

As I worked out some days ago. If we can take and then hold just 1.25% of global hash by beginning of April, and meet our predicted sales figures, and see BTC appreciate to an average of 5k USD over the current full year year then we will see a dividend payment that would project into a share price of 0.031BTC per share.

Quote from: minerpart on January 23, 2014, 11:53:30 AM

link to my post

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: Bitdust on January 27, 2014, 04:35:01 PM

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

So basically you want the company to throw away money buying shares back? People panic selling has no impact on the company's ability to move forward. If you really want share buybacks then they could be done 10x cheaper for .0005 which the original IPO was done at.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: Bitdust on January 27, 2014, 04:35:01 PM

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

I do not.

Bitdust

newbie

Activity: 42

Merit: 0

I think Ken should put up a bid wall at .005 before we go live to prevent panic sells.
Anyone else think it's a good idea?

st4nl3y

legendary

Activity: 1050

Merit: 1000

Ken: "Anyone who thinks he's stupid may stand up!"
*Nobody stands up*
Ken: "Im sure there are some stupid investors over here!!"
*investor x stands up*
Ken: "Ohh, you think you're stupid?"
investor x: "No... i just feel bad that you're standing alone..."

minerpart

sr. member

Activity: 280

Merit: 250

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A question for Vince for the weekly Q and A:

When will VMC start advertising and taking pre-orders for our 55nm-based mining machines and chips.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: MrTeal on January 27, 2014, 02:55:32 PM

That guy has no idea what he's talking about, and is starting from completely incorrect assumptions. KnC recommends a 1200W PSU, that doesn't mean that the Jupiters use 1200W.

I don't know where you get that from. He didn't even mention power supply units in doing the math:

'The Neptune’s product details page did however cite a 30% reduction in watts per GHash. Jupiter’s power consumption was 2.18 Watts per GHash. Reducing this by 30% gives you 1.526 Watts per GHash. Multiplying this by the Neptune’s 3000 GHash (3Terrahash) gave me a power consumption of 4578 Watts.

How I Got This Number:
Jupiter’s Power Consumption (JPC) is 1200 Watts'

EDIT - OK I see what he did above, but if they recomend 1200Watt PSU it must use atleast 80% of that? This means the Neptune will use 80% of his figure which is still close to 4000Watts of power?

EDIT2 - looks like it's around 60% of his figure as a Jupiter draws about 700W. Still a draw of 2700Watts for the Neptune. That's like a three bar fire. The heat from this machine will be immense?

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: zumzero on January 27, 2014, 02:56:33 PM

"Do you accept there is a difference between point zero, zero, two cents and point zero, zero, two dollars?"

"No sir, I do not."

ROFL Grin

10 times worse than that, actually...

wolfbiter

newbie

Activity: 11

Merit: 0

Quote from: zumzero on January 27, 2014, 02:45:45 PM

Quote from: wolfbiter on January 27, 2014, 02:34:11 PM

Quote from: JoTheKhan on January 27, 2014, 02:00:33 PM

You thought correct.

Ok thanks! Where can I find them? I tried sifting through the threads but didn't find anything except mentions of cryptostocks.com

Hey wolfbiter,

An account will be created for you on the trading platform Crypto-trade, not to be confused with Cryptostocks.

This is expected to happen in only a matter of days but be sure to tune back in on Wednesday around 2345hrs GMT and look for Ken's 'Weekly Update' for more information.

You will need access to the email address you used in Bitfunder (expect to be contacted through that) as well as the public address from Bitfunder that you would have given to receive dividends. To prove ownership of your shares you will need to be able to 'sign a message' from that public address when the time comes.

Thanks a ton for the summary, and sorry for the seemingly stupid questions! It's nice to know that there are still helpful people despite all the FUD out there...

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

"Do you accept there is a difference between point zero, zero, two cents and point zero, zero, two dollars?"

"No sir, I do not."

ROFL Grin

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: minerpart on January 27, 2014, 02:40:56 PM

Another worry about the Neptune is the power-draw. This guy thinks it will be over 4500Watts and so too load much for many domestic settings. One answer - to wire it into your electric cooker outlet would not be possible or acceptable for many.

http://coinchomp.com/2014/01/06/the-knc-miner-neptune-should-consume-at-least-4500-watts/

So the point here is ACtM are the only mining industry company with uncertainty over the viability of their product. I think a mass refund request on the KnC Neptune is a real possibility. We don't need that for our 55nm and shortly after our 28nm machines to succeed in the market but if we scooped up some of the KnC 28Million of orders we would be doing well. Even we don't get any of their 28Mill, their Neptunes have sold out and they sold out quickly. The market demand for any machine that will ROI is very very high.

That guy has no idea what he's talking about, and is starting from completely incorrect assumptions. KnC recommends a 1200W PSU, that doesn't mean that the Jupiters use 1200W.

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: wasubii on January 27, 2014, 02:40:52 PM

...
A global combined investment of 1 billion dollars in 2014 would yield around 500,000,000 GH of mining power. Thats 500,000 PH compared to the current network hash rate of 17.5 PH
...

500,000,000 GH = 500,000 TH = 500 PH

mainline

newbie

Activity: 56

Merit: 0

Quote from: minerpart on January 27, 2014, 02:40:56 PM

...
So the point here is ACtM are the only mining industry company with uncertainty over the viability of their product...

If you mean to say "not the only," then you're right. Labcoin is having some issues...
*you guys trading yet?

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: wolfbiter on January 27, 2014, 02:34:11 PM

Quote from: JoTheKhan on January 27, 2014, 02:00:33 PM

You thought correct.

Ok thanks! Where can I find them? I tried sifting through the threads but didn't find anything except mentions of cryptostocks.com

Hey wolfbiter,

Edit: Our shares are not trading yet

An account will be created for you on the trading platform Crypto-trade, not to be confused with Cryptostocks.

This is expected to happen in only a matter of days but be sure to tune back in on Wednesday around 2345hrs GMT and look for Ken's 'Weekly Update' for more information.

You will need access to the email address you used in Bitfunder (expect to be contacted through that) as well as the public address from Bitfunder that you would have given to receive dividends. To prove ownership of your shares you will need to be able to 'sign a message' from that public address when the time comes.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: wasubii on January 27, 2014, 02:40:52 PM

1 billion dollars of investment in mining equipment could easily be swallowed by the global electronic industry - it wouldn't even blink.

I don't think we are talking about the value of orders, we are talklng about foundry capacity.

1) On the 28nm scale global capacity it will rise by no more than 350% in 2014 - fact. It doesn't matter how much money you have to make orders if the foundries will not take those orders.

2) KnC's order of 20nm tech has been on a strict limited batch for a reason - that most likely is foundry capacity.

3) The world runs on these foundries output - Bitcoin ASIC's are not the only chips fighting for space on these production lines.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Another worry about the Neptune is the power-draw. This guy thinks it will be over 4500Watts and so too load much for many domestic settings. One answer - to wire it into your electric cooker outlet would not be possible or acceptable for many.

http://coinchomp.com/2014/01/06/the-knc-miner-neptune-should-consume-at-least-4500-watts/

So the point here is ACtM are the only mining industry company with uncertainty over the viability of their product. I think a mass refund request on the KnC Neptune is a real possibility. We don't need that for our 55nm and shortly after our 28nm machines to succeed in the market but if we scooped up some of the KnC 28Million of orders we would be doing well. Even we don't get any of their 28Mill, their Neptunes have sold out and they sold out quickly. The market demand for any machine that will ROI is very very high.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 76. (Read 771280 times)