For the record. At around 0.0008 - 0.001 I consider AMC worth a high risk investment. Not based on profit projections from the Avalon clones (that I consider 100% outrageous) but based on the fact that I dont think Ken is trying to scam anyone, he just does not understand how diff increase, hash rate and financing works.
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 78. (Read 223316 times)
The fact the thread has been filled with so much FUD for the last 24h makes me believe there's been a huge effort to take the price down, making unexperienced investors sell their shares as cheaply as possible. This is a great deal for manipulators, as the can buy into AMC at a low price,
If that's the case why is no-one buying at 0.001? It's almost pre-news bargain price. I think no conspiracy just lack of confidence.
I'm sure the FUD on this thread being 99% speculation and 1% only for discussing the actual news and projections for AMC has a huge part in that.
People are scared. It will pass.
I can only assume that you will be investing heavily in the December batch of the Avalon clones at $6k a pop. By the way, if you want some for the "Bargain price" of $5.500 I will sell you as many as you want. Absolutely no limit. PM me for any quantity!
We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.
The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.
The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.
Vbs, looking at the latest share holder list, what is your feeling for what has transpired today? Is the total number of investors down? Have any share holders grown their position? Is there anything else that can be guessed/inferred from the figures?
Long-term inverstors kept their shares, even with the possibility of jumping ship. That says alot.
The fact the thread has been filled with so much FUD for the last 24h makes me believe there's been a huge effort to take the price down, making unexperienced investors sell their shares as cheaply as possible. This is a great deal for manipulators, as the can buy into AMC at a low price, while the unexperienced have already paid the .0025, helping fund the NRE.
Anyone that bought from Ken at .0025 and already sold, just gave away that opportunity.
So, basically AMC delivers very exciting news, but the price goes all the way down? Yeah, right!!!
THIS is the very root of the problem with the overheated market in bitcoin stocks these days. What the hell are you talking about? You have absolutely no idea of who is selling or buying. This whole "all you need to do is believe" mentality is just pure insanity.
What the hell is wrong with investors that purchased high risk stock at 0.0005 and are selling it at 0.0015? Have you ever owned a single share of anything? 350% in a few weeks is absolutely crazy and you would have to be a village idiot not to take at least some profit.
Wow, the Tweens here really blow my mind.
The address is posted on the btct.co asset details page.
umm... lol?
Quote
Office Address:
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
umm... lol?
In their defense, it doesn't take a damn genius to read up and realize they are registered outside of the US for tax reasons, operate out of Springfield, MO and just run a mailbox from that address.
Having caught up with the recent activity on this thread, I have to say I'm really impressed with the concerted attempt to undermine confidence in AMC.
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
It's financials, not religion. If the math does not add up people will sell no matter the flavor of the cool aid.
Ken, dhenson has already posted the link: https://www.kncminer.com/news/news-22
I have some options that expire in just over an hour and as it stands right now I don't know if I'm going to put any more money towards this project.
Please re-assure me and the other investors that your claims are genuine by posting additional evidence.
I have some options that expire in just over an hour and as it stands right now I don't know if I'm going to put any more money towards this project.
Please re-assure me and the other investors that your claims are genuine by posting additional evidence.
Thanks for that!
So, each Jupiter will use 4x100GH/s chips at <=1000W, each chip using a 55x55 package.
Each chip is thus 250W, so I will expect them to use a cooler the size of a graphics card, per chip.
On 250W, we can fit about 16.667 of AMC's chips (let's say 15W each), for a rated performance of 16.667x16=266.667 GH/s.
You know, like someone said, "the devil is in the details"
You must be sniffing glue or something. KNC has delivery date of sept/oct and AMC is aiming for what, early spring of 2014.. Who cares how awesome the chips are when diff increases 20% ever 10 days you will still be stuck with a fantastic toaster by mid 2014 no matter what density or package.
I'm still trying to understand the financial logic that allows AMC to sell avalon clones for $6000 in December, can you explain?
I don't like this whole VMC/AMC structure. Why are we risking everything to fund VMC's hardware project? Wouldn't it be better for VMC/AMC to be one entity and manufacture hardware and mine just like ASICMINER? I've been reading this thread since day 1 and there is so much drama, confusion and lack of transparency. Why can't we just keep it simple? Wouldn't it make more sense to have VMC/AMC operate under one roof. AMC can manufacture hardware and mine. AMC can use the hardware to mine or sell it if it will generate additional income on the side just like ASICMINER. With the mining revenue and hardware sales it will to back to the shareholders in dividends. The 20m in growth and expansion fund will then be used to continue manufacturing and selling more hardware. If more shares need to be released to raise funds for more growth and expansion then those shares can be released at the market price at that time. What do you guys think? Isn't this more easier to work with? Then AMC will be able to take in profits from mining and hardware sales and the investors will be happy and it will give the company more value.
I 100% agree with this.
The most worrying aspect of the whole setup, is why does VMC, and ultimately Ken, benefit 90% from hardware sales that AMC (read, US) invested in and funded.
I think if Ken were to change this aspect, it would greatly improve the investment in AMC for everyone, and new investors would come onboard instead of being worried about this strange aspect.
Do what ASICMINER is doing ... use the funds ... create the hardware ... use it to build a mining aspect, and sell the rest of the hardware.
THAT, makes sense.
And further, if Ken did do this, he shouldn't feel like he is backing down or will be looked upon badly, quite the opposite! It would add credibility for listening to shareholders and shows that he is truly looking after the shareholders interests. Which is his number 1 duty.
Can we get a response to this Ken? This would really give investors more confidence and transparency to what they are investing into. Possible investors would be less confused as well. ASICMINER has a good plan and business model and it works.
We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.
The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.
The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.
What the HELL are you talking about? Everything is just fine here - move on.
Vbs is just starting to get tired of his own fanboyism damage control. He attempts to answer legitimate questions with no substance other than "you'll get reimbursed later, don't worry about it - RDE RDE RDE!!"
Can't login to Bitfunder. What is up with that?
Having caught up with the recent activity on this thread, I have to say I'm really impressed with the concerted attempt to undermine confidence in AMC.
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
No doubt. I've seen more trolling on here this afternoon than I have in the BTC-e trollbox. No matter. I took advantage of the weak hands and nearly doubled my shares today. The next few months are going to be a fun ride!
The most worrying aspect of the whole setup, is why does VMC, and ultimately Ken, benefit 90% from hardware sales that AMC (read, US) invested in and funded.
I think if Ken were to change this aspect, it would greatly improve the investment in AMC for everyone, and new investors would come onboard instead of being worried about this strange aspect.
Do what ASICMINER is doing ... use the funds ... create the hardware ... use it to build a mining aspect, and sell the rest of the hardware.
THAT, makes sense.
And further, if Ken did do this, he shouldn't feel like he is backing down or will be looked upon badly, quite the opposite! It would add credibility for listening to shareholders and shows that he is truly looking after the shareholders interests. Which is his number 1 duty.
I think if Ken were to change this aspect, it would greatly improve the investment in AMC for everyone, and new investors would come onboard instead of being worried about this strange aspect.
Do what ASICMINER is doing ... use the funds ... create the hardware ... use it to build a mining aspect, and sell the rest of the hardware.
THAT, makes sense.
And further, if Ken did do this, he shouldn't feel like he is backing down or will be looked upon badly, quite the opposite! It would add credibility for listening to shareholders and shows that he is truly looking after the shareholders interests. Which is his number 1 duty.
+1 Just have to throw in my support for this post.
0.00219 on btct. That wall is getting closer!
I don't like this whole VMC/AMC structure. Why are we risking everything to fund VMC's hardware project? Wouldn't it be better for VMC/AMC to be one entity and manufacture hardware and mine just like ASICMINER? I've been reading this thread since day 1 and there is so much drama, confusion and lack of transparency. Why can't we just keep it simple? Wouldn't it make more sense to have VMC/AMC operate under one roof. AMC can manufacture hardware and mine. AMC can use the hardware to mine or sell it if it will generate additional income on the side just like ASICMINER. With the mining revenue and hardware sales it will to back to the shareholders in dividends. The 20m in growth and expansion fund will then be used to continue manufacturing and selling more hardware. If more shares need to be released to raise funds for more growth and expansion then those shares can be released at the market price at that time. What do you guys think? Isn't this more easier to work with? Then AMC will be able to take in profits from mining and hardware sales and the investors will be happy and it will give the company more value.
I 100% agree with this.
The most worrying aspect of the whole setup, is why does VMC, and ultimately Ken, benefit 90% from hardware sales that AMC (read, US) invested in and funded.
I think if Ken were to change this aspect, it would greatly improve the investment in AMC for everyone, and new investors would come onboard instead of being worried about this strange aspect.
Do what ASICMINER is doing ... use the funds ... create the hardware ... use it to build a mining aspect, and sell the rest of the hardware.
THAT, makes sense.
And further, if Ken did do this, he shouldn't feel like he is backing down or will be looked upon badly, quite the opposite! It would add credibility for listening to shareholders and shows that he is truly looking after the shareholders interests. Which is his number 1 duty.
Having caught up with the recent activity on this thread, I have to say I'm really impressed with the concerted attempt to undermine confidence in AMC.
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
I knew it was coming but didn't expect it to have quite the effect it had.
I just glad it's now over and we can enjoy the share price recovery. It's a shame for those who panicked and will lose out.
It's interesting to see the top share holders buy up more shares. I did the same and am feeling quite smug right now.
Here's to Ken and the team and an exciting few months ahead!
Just watching the IRC channel, whats going on here?
[14:05] == AMC__ [[email protected]] has quit [Ping timeout: 276 seconds]
[14:12] <+AssetBot> [TAT.VIRTUALMINE] 5 @ 0.00429970 = 0.02149850
[14:18] == AMC__ [[email protected]] has joined #bitfunder
[14:19] == AMC__ has changed nick to Guest54668
[14:05] == AMC__ [[email protected]] has quit [Ping timeout: 276 seconds]
[14:12] <+AssetBot> [TAT.VIRTUALMINE] 5 @ 0.00429970 = 0.02149850
- [14:18] == the20year2 [[email protected]] has quit
[14:18] == AMC__ [[email protected]] has joined #bitfunder
[14:19] == AMC__ has changed nick to Guest54668
He's probably on a wireless connection that disconnects at random intervals. Happens all of the time.
Yes sorry realized that soon after posting that (which I just deleted...) With the share price going back to where it was and the current technical issues I'm more wary
Just watching the IRC channel, whats going on here?
[14:05] == AMC__ [[email protected]] has quit [Ping timeout: 276 seconds]
[14:12] <+AssetBot> [TAT.VIRTUALMINE] 5 @ 0.00429970 = 0.02149850
[14:18] == AMC__ [[email protected]] has joined #bitfunder
[14:19] == AMC__ has changed nick to Guest54668
[14:05] == AMC__ [[email protected]] has quit [Ping timeout: 276 seconds]
[14:12] <+AssetBot> [TAT.VIRTUALMINE] 5 @ 0.00429970 = 0.02149850
- [14:18] == the20year2 [[email protected]] has quit
[14:18] == AMC__ [[email protected]] has joined #bitfunder
[14:19] == AMC__ has changed nick to Guest54668
He's probably on a wireless connection that disconnects at random intervals. Happens all of the time.
Thanks for info.
Yes I'm having login problems as well.
I reported a problem with a option execution to @Ukto on IRC and he was looking into it, soon after that there was another guy reporting login issues. I wonder if there's some systemic problem and logins are disabled while the issue is fixed?
I reported a problem with a option execution to @Ukto on IRC and he was looking into it, soon after that there was another guy reporting login issues. I wonder if there's some systemic problem and logins are disabled while the issue is fixed?
Anyone else having trouble logging into bitfunder?
The address is posted on the btct.co asset details page.
umm... lol?
Quote
Office Address:
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
umm... lol?
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