[AMC]-The Official Active Mining Cooperative Discussion - page 9.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: klee on July 15, 2013, 05:05:35 PM

Hi guys,
l tried to understand what is going on here in order to invest and/or buy hardware.
Can someone please summarize for me in plain English the thread?
What shares should I buy in order to help for the NRE?
When should we expect the hardware delivery, if everything goes acording to plan?
Thank you in advance!

Buying the wall on www.btct.co will help since those funds go directly to kslaughter.

klee

legendary

Activity: 1498

Merit: 1000

Hi guys,
l tried to understand what is going on here in order to invest and/or buy hardware.
Can someone please summarize for me in plain English the thread?
What shares should I buy in order to help for the NRE?

EDIT:And where? I see two options..

When should we expect the hardware delivery, if everything goes acording to plan?
Thank you in advance!

FloatesMcgoates

full member

Activity: 238

Merit: 100

Ken, you say that you need more than 10k BTC for the NRE. Your chart shows that you currently have around 2.5k, so there are 7.5k more Bitcoins you need. However, the entire wall on BTCT would only provide 3957.34. How do you plan to deal with this discrepancy?

Would you be open to taking a real world loan as most small businesses do?

Thalum

newbie

Activity: 49

Merit: 0

Quote from: lolstate on July 15, 2013, 03:55:18 PM

Quote from: kslaughter on July 15, 2013, 03:52:30 PM

Quote from: VolanicEruptor on July 15, 2013, 03:45:03 PM

Quote from: FloatesMcgoates on July 15, 2013, 03:38:38 PM

Figures look good, how many BTC are needed for the NRE?

~10,000 @ $100 Bitcoins. However, we have had a lot of expenses in July getting our Prototypes built (Engineering NRE and Deposits) , plus paying for the
assembly of the 68 Klondike boards. Also, having to exchange bitcoins @ $68 to pay some expenses did not help any.

Do you think focusing on pre-sales of miners might be the best way to raise the additional ~7500 BTC needed for the NRE?

I would humbly suggest against this. The last thing wanted is another BFL kerfuffle where pre-sales/orders aren't fulfilled and the backlog gets bigger and bigger and pre-buyers get even more pissed off.

LordMeowMeow

sr. member

Activity: 617

Merit: 250

Quote from: kslaughter on July 15, 2013, 03:52:30 PM

Also, having to exchange bitcoins @ $68 to pay some expenses did not help any.

I'm genuinely curious about this and not trying to suggest anything shady. Expenses for June were covered by the balance brought forward. Were you certain the price was going to go below $50 or something? Do you hold any cash reserves for the business? Or do you invest the bitcoins in the markets and they were tied up?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Ken, that's pretty bad luck that you paid those expenses at the VERY BOTTOM of the BTC price dip. The odds of that are surreal..

lolstate

full member

Activity: 196

Merit: 100

Quote from: kslaughter on July 15, 2013, 03:52:30 PM

Quote from: VolanicEruptor on July 15, 2013, 03:45:03 PM

Quote from: FloatesMcgoates on July 15, 2013, 03:38:38 PM

Figures look good, how many BTC are needed for the NRE?

~10,000 @ $100 Bitcoins. However, we have had a lot of expenses in July getting our Prototypes built (Engineering NRE and Deposits) , plus paying for the
assembly of the 68 Klondike boards. Also, having to exchange bitcoins @ $68 to pay some expenses did not help any.

Do you think focusing on pre-sales of miners might be the best way to raise the additional ~7500 BTC needed for the NRE?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: VolanicEruptor on July 15, 2013, 03:45:03 PM

Quote from: FloatesMcgoates on July 15, 2013, 03:38:38 PM

Figures look good, how many BTC are needed for the NRE?

~10,000 @ $100 Bitcoins. However, we have had a lot of expenses in July getting our Prototypes built (Engineering NRE and Deposits) , plus paying for the
assembly of the 68 Klondike boards. Also, having to exchange bitcoins @ $68 to pay some expenses did not help any.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: FloatesMcgoates on July 15, 2013, 03:38:38 PM

Figures look good, how many BTC are needed for the NRE?

If I remember correctly the NRE is $1Million, so 10k BTC at current prices

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: FloatesMcgoates on July 15, 2013, 03:38:38 PM

Figures look good, how many BTC are needed for the NRE?

FloatesMcgoates

full member

Activity: 238

Merit: 100

Figures look good, how many BTC are needed for the NRE?

kslaughter

sr. member

Activity: 476

Merit: 250

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: oaxaca on July 13, 2013, 05:33:51 PM

Quote from: BTCThousandaire on July 13, 2013, 01:04:04 AM

I don't know how often dividends will be, but if it is weekly then this is better than AsicMiner which was .5% while AMC was .7%

Is it true anyone can buy AMC at .0025 until the end of July and transfer to ActM for free?

You can ( as of this minute) buy Active Mining shares on Bitfunder at .00249 and then no need to transfer.

ACTIVEMINING created on BTC-TC waiting for admin approval.

oaxaca

hero member

Activity: 671

Merit: 500

Quote from: BTCThousandaire on July 13, 2013, 01:04:04 AM

I don't know how often dividends will be, but if it is weekly then this is better than AsicMiner which was .5% while AMC was .7%

Is it true anyone can buy AMC at .0025 until the end of July and transfer to ActM for free?

You can ( as of this minute) buy Active Mining shares on Bitfunder at .00249 and then no need to transfer.

Plazma

full member

Activity: 224

Merit: 100

Ty both.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: Plazma on July 13, 2013, 04:27:13 PM

I wanna ask what is the exactly the difference between ActiveMining shares and AMC shares at Bitfunder, and what is going to heppan with AMC shares. Witch ones should i buy and keep. To me it looks like dividents are just going to be split to AMC + activemining shares now. Be as clear as possible please since i'm completely clueless. Ty in advance.

Read the first 3 posts of this thread: https://bitcointalksearch.org/topic/activemining-the-official-active-mining-discussion-thread-252531
That is all the info you need to know about the merger, and AMC becoming ActiveMining

navitatl

member

Activity: 119

Merit: 10

Quote from: Plazma on July 13, 2013, 04:27:13 PM

I wanna ask what is the exactly the difference between ActiveMining shares and AMC shares at Bitfunder, and what is going to heppan with AMC shares. Witch ones should i buy and keep. To me it looks like dividents are just going to be split to AMC + activemining shares now. Be as clear as possible please since i'm completely clueless. Ty in advance.

Read the ActiveMiner thread, it explains everything as clearly as possible.
(teach a man to fish...)

Plazma

full member

Activity: 224

Merit: 100

I wanna ask what is the exactly the difference between ActiveMining shares and AMC shares at Bitfunder, and what is going to heppan with AMC shares. Witch ones should i buy and keep. To me it looks like dividents are just going to be split to AMC + activemining shares now. Be as clear as possible please since i'm completely clueless. Ty in advance.

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: btcrun on July 13, 2013, 02:06:42 PM

Hey there,
since I got no answer to my PM and E-mail, I'll try it in this thread.

Transfered my AMC shares on BitFunder to AMC-TENDER on the 9th! Still nothing...
I hope everything went well and it's only a small delay. Would be nice if this could be resolved (what about the divs I missed, because of this?).

Thanks in advance

Talk to ken on bitfunder's IRC:
https://bitfunder.com/help

He's listed as AMC__

btcrun

member

Activity: 103

Merit: 10

Hey there,
since I got no answer to my PM and E-mail, I'll try it in this thread.

Transfered my AMC shares on BitFunder to AMC-TENDER on the 9th! Still nothing...
I hope everything went well and it's only a small delay. Would be nice if this could be resolved (what about the divs I missed, because of this?).

Thanks in advance

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 9. (Read 223334 times)