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Author Topic: ActiveMining Overview and Speculation Thread  (Read 167498 times)
AstroBoy
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August 02, 2013, 01:33:22 AM
 #981

Bitcoin difficulty / ROI chart
http://sdrv.ms/16njy51

credit goes to:
http://www.reddit.com/user/sdmented

Excellent work, I'd send a tip if I had some non-invested coins.
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August 02, 2013, 02:47:56 AM
 #982

Bitcoin difficulty / ROI chart
http://sdrv.ms/16njy51

credit goes to:
http://www.reddit.com/user/sdmented

The chart is crap due to the prices being wrong. When did BFL increase the price of the 5 Gh/s to 1,000 GBP (1,510.80 USD)? When did USD and GBP become worth the same amount?

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August 02, 2013, 03:10:58 AM
 #983

Bitcoin difficulty / ROI chart
http://sdrv.ms/16njy51

credit goes to:
http://www.reddit.com/user/sdmented

The chart is crap due to the prices being wrong. When did BFL increase the price of the 5 Gh/s to 1,000 GBP (1,510.80 USD)? When did USD and GBP become worth the same amount?

I just looked at it briefly, but does it even factor in release date?  I lost interest before I could figure it out.
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August 02, 2013, 04:25:58 AM
 #984

Rawted,

I trade stocks in the FIAT / "real world" also. Which company has daily PR announcements?
Apple often has radio blackouts before they announce something. Sure, some companies manipulate with rumors and leaks, but which companies have daily or even weekly announcements?

An official press release from eASIC - what's the timeframe most people are allowing here? I'm aware Ken said a couple weeks, and from what I've heard from him and those close to him, he seems to really have his nose to the grindstone.

At what point do you begin losing confidence?

May I refer you to the first paragraph? Ken said a couple of weeks less than a week ago.

I'd suggest that if you're even considering or questioning losing confidence at any point whatsoever before 2 weeks is up then you've over invested, not understood investment, or not quantified your risks?

Investors need to be realistic. If you invest in a public company you don't get daily or weekly updates (unless they have some major PR machine/newsletter), and you certainly don't get the CEO responding personally to lots of forum messages.

If you need constant reassurance or to constantly question what he's doing then you should sell some shares until your comfortable with Ken's plans and that he'll follow them through, or you shouldn't be investing at all. This is risk money, it isn't safe money.

Ken needs to be left to get on with his job now. Should there be regular updates? Sure, but let's not have to find out what sandwich he is eating! It's mainly important to know when delays happen (there will be some) or when a schedule target is hit. The next target is at the end of next week tho is the sort of thing that could easily go on longer, so let's wait until then.

I disagree completely. I get at least weekly updates on my fiat stock, and weekly updates here for all my crypto stock, yet Ken's responses are buried in a nondescript forum thread that really no one outside of those that have already stumbled upon it will know about.

What's going on with the other 2 'slaughter' higher-ups? One is the coo/cfo (lol @ being both), the other is the VP of Market Operations. Since there is absolutely no forward progress going on, and since those two other people share the same last name, it would be easy to deduce that they are perfectly capable of providing updates, or at least be more communicative than Ken. I'm not trying to pry into anyone's life, but there is real world money invested here, and AMC/Activemining launch has been one mistake after another.

How is it so hard to get a simple "we're doing great!" status message up on btct to pull in some of the many investment coins?

Why are most of you fighting tooth and nail against any kind of accountability or efficiency?

Where is the board?


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August 02, 2013, 05:44:58 AM
 #985

Rawted,

I trade stocks in the FIAT / "real world" also. Which company has daily PR announcements?
Apple often has radio blackouts before they announce something. Sure, some companies manipulate with rumors and leaks, but which companies have daily or even weekly announcements?

I'm by no means an expert at this stuff but isn't that an Apples an Oranges comparison? The stocks you trade in the "real world" are not startups, correct? Nor are they unregulated securities in a financial space that has seen a comparatively large number of scams. I don't support any statement that we need daily updates, I just think it's worth pointing out some of the differences between traditional stocks and Bitcoin based stocks that might compel a shareholder to request regular and meaningful updates.

And just for a comparison that might be a little closer to the environment we're in...
Quote
Transparency and Oversight
Detailed information is available on all Companies. Company reports for investors are available every two weeks. SSX continuously monitors all Listed Companies and ensures Investors are informed.
https://investors.startup.sx/

EDIT: At the same time, this is the stock we all bought into and bi-weekly updates were not part of the deal.

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August 02, 2013, 11:20:49 AM
 #986

Not only share price but enormous revenue from hardware sales.  This is something that seems to go over most people's head.  This is this assets greatest value.

Wouldn't hardware revenue necessarily be reflected in the share price or dividends?

I'm not saying that the share value will be worth $1,000,000 in 12 months but that it's entirely possible that someone who today owns 50,000 shares will be be $1,000,000 better off than they are right now.

If the share value in 12 months is 0.08 btc thats $400,000 with bitcoin being valued at $100.

Add to that the divs from mining revenue which won't take you up to $1,000,000.

That leaves the divs from selling hardware, payed together with the mining divs.  It's here that I forsee the greatest gains and I honestly believe that we are in for an almighty shock when the numbers start coming in.

This was our biggest coup when AMC became ActM.

If my speculation is way off the mark, let's says by a 50% over estimation, then what if the value of bitcoin in 12 months is actually $200 or even higher?

Either way the future for ActM is very bright indeed.


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August 02, 2013, 03:29:59 PM
 #987

Not only share price but enormous revenue from hardware sales.  This is something that seems to go over most people's head.  This is this assets greatest value.

Wouldn't hardware revenue necessarily be reflected in the share price or dividends?

I'm not saying that the share value will be worth $1,000,000 in 12 months but that it's entirely possible that someone who today owns 50,000 shares will be be $1,000,000 better off than they are right now.

If the share value in 12 months is 0.08 btc thats $400,000 with bitcoin being valued at $100.

Add to that the divs from mining revenue which won't take you up to $1,000,000.

That leaves the divs from selling hardware, payed together with the mining divs.  It's here that I forsee the greatest gains and I honestly believe that we are in for an almighty shock when the numbers start coming in.

This was our biggest coup when AMC became ActM.

If my speculation is way off the mark, let's says by a 50% over estimation, then what if the value of bitcoin in 12 months is actually $200 or even higher?

Either way the future for ActM is very bright indeed.



Completely agree with your conclusions, just pointing out that once hardware revenues get paid as dividends the share price will rise in tandem.

Do we know if Ken has any plan on moving USD payments for hardware into bitcoin for dividend payments? He seemed to have a difficult time converting the NRE, and hopefully he plans on selling more than $1m worth of hardware..
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August 02, 2013, 06:47:42 PM
 #988

Geez, price is getting great. It might go down more, in fact I hope so that I can invest more into it... It looks like it will have a breakout in some direction. I imagine it will go up at least 30% when news of EASIC is made official in a few weeks. Something that I don't think many people understand about btc mining/hardware stocks is that as the difficulty increases to the ridiculous levels that they will, the Watts/GH will be a much more significant cost, basically making it so that equipment with lower operating costs, although more expensive initially, will pay themselves off much quicker. 28nm technology will win. There's no doubt about it. Ken isn't wasting time with old technology that will become more and more obsolete as time goes on. It's a better strategy. If ACTM and labcoin were playing Settler's of Catan, Ken would probably win. He's got a monopoly on the ore and he's building mad cities; Labcoin's stuck on the sheep port.

Another phenomena that is occurring now is that people are hopping onto all these IPO's hoping to be the next ASICMINER. Even I participated in the Labcoin IPO, and I am glad I did. Luckily, I got out at a price much higher than it is now. I figured I might as well benefit from the IPO since it was sooo hyped and I figured that ACTM wasn't really doing much. Now I'm back in ACTM, just ACTM. Sure, labcoin might go up, probably will in the coming months. But at this point I'm ready to just sit onto my holdings of ACTM instead of being a hawk on these forums. I believe in Ken, he knows what he's doing. He's got a few companies working for ACTM right now. It might take a while from this point on. But I strongly believe ACTM is the way to go. Regardless, it's an exciting time for btc.

Good luck Ken. And thanks to all of my fellow forum posters, you guys have really helped educate people about the potential of ACTM.


Hi.
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August 02, 2013, 06:58:26 PM
 #989

Rawted,

I trade stocks in the FIAT / "real world" also. Which company has daily PR announcements?
Apple often has radio blackouts before they announce something. Sure, some companies manipulate with rumors and leaks, but which companies have daily or even weekly announcements?

An official press release from eASIC - what's the timeframe most people are allowing here? I'm aware Ken said a couple weeks, and from what I've heard from him and those close to him, he seems to really have his nose to the grindstone.

At what point do you begin losing confidence?

May I refer you to the first paragraph? Ken said a couple of weeks less than a week ago.

I'd suggest that if you're even considering or questioning losing confidence at any point whatsoever before 2 weeks is up then you've over invested, not understood investment, or not quantified your risks?

Investors need to be realistic. If you invest in a public company you don't get daily or weekly updates (unless they have some major PR machine/newsletter), and you certainly don't get the CEO responding personally to lots of forum messages.

If you need constant reassurance or to constantly question what he's doing then you should sell some shares until your comfortable with Ken's plans and that he'll follow them through, or you shouldn't be investing at all. This is risk money, it isn't safe money.

Ken needs to be left to get on with his job now. Should there be regular updates? Sure, but let's not have to find out what sandwich he is eating! It's mainly important to know when delays happen (there will be some) or when a schedule target is hit. The next target is at the end of next week tho is the sort of thing that could easily go on longer, so let's wait until then.

I disagree completely. I get at least weekly updates on my fiat stock, and weekly updates here for all my crypto stock, yet Ken's responses are buried in a nondescript forum thread that really no one outside of those that have already stumbled upon it will know about.

What's going on with the other 2 'slaughter' higher-ups? One is the coo/cfo (lol @ being both), the other is the VP of Market Operations. Since there is absolutely no forward progress going on, and since those two other people share the same last name, it would be easy to deduce that they are perfectly capable of providing updates, or at least be more communicative than Ken. I'm not trying to pry into anyone's life, but there is real world money invested here, and AMC/Activemining launch has been one mistake after another.

How is it so hard to get a simple "we're doing great!" status message up on btct to pull in some of the many investment coins?

Why are most of you fighting tooth and nail against any kind of accountability or efficiency?

Where is the board?


GAZPROM has daily news... and it is great, so much progress, cheap shares, almost monopol player in Europe in gas sector
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August 02, 2013, 07:23:30 PM
 #990

Why are Div's being delayed a week?

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August 02, 2013, 07:27:33 PM
 #991

Why are Div's being delayed a week?

They aren't delayed a week, they are delayed to Friday (today for most) because Ken was meeting with the Engineers this week.

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August 02, 2013, 07:31:01 PM
 #992

Let's say that the deal with eAsic is made - how likely is it then that the 28nm chips will be produced/delivered successfully?

Very.


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August 02, 2013, 07:41:29 PM
 #993

Why are Div's being delayed a week?

They aren't delayed a week, they are delayed to Friday (today for most) because Ken was meeting with the Engineers this week.

If you have questions like this, I suggest you always check the new info/FAQ page http://www.activeminingbtc.com/ before posting in either ACTM threads here on Bitcointalk. We will try to keep it updated with the latest information on relevant matters.

When will the next div be paid?
As of the time of this writing the next div will be paid on Friday August 2 2013.
Source : Bitcointalk

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August 02, 2013, 07:46:42 PM
 #994

Why are Div's being delayed a week?

They aren't delayed a week, they are delayed to Friday (today for most) because Ken was meeting with the Engineers this week.

If you have questions like this, I suggest you always check the new info/FAQ page http://www.activeminingbtc.com/ before posting in either ACTM threads here on Bitcointalk. We will try to keep it updated with the latest information on relevant matters.

When will the next div be paid?
As of the time of this writing the next div will be paid on Friday August 2 2013.
Source : Bitcointalk

Oh ok I read somewhere Friday but I thought they were talking about next Fri..

Thanks for the Info and the FAQ link..

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August 02, 2013, 09:22:57 PM
 #995

Why are Div's being delayed a week?

Please tell me, how do you pay dividends if you have no PL statement for the period you pay dividends for?
If ActiveMining can not produce a fkn PL statement before 15th of every month (no idea why it take so long!) how do you expect them do distribute the fkn profits? Invent a number and pay? Fabulous idea indeed!
Or is this "dividend" something else that rest of the world considers a dividend?

Amazing!

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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August 02, 2013, 09:25:59 PM
 #996

And before you write something really idiotic, let me ask this: Do you know how profit for a period (day, month, week, hour, year) is calculated?

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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August 02, 2013, 09:42:57 PM
 #997

Why are Div's being delayed a week?

Please tell me, how do you pay dividends if you have no PL statement for the period you pay dividends for?
If ActiveMining can not produce a fkn PL statement before 15th of every month (no idea why it take so long!) how do you expect them do distribute the fkn profits? Invent a number and pay? Fabulous idea indeed!
Or is this "dividend" something else that rest of the world considers a dividend?

Amazing!

Pretty sure Ken just takes the mining revenue and splits it up between exchanges proportional to the share numbers on each.

It is ridiculous that there isnt a formal process for any of this stuff. But don't worry Ken is superman and needs no help.
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August 02, 2013, 09:45:56 PM
 #998

Why are Div's being delayed a week?

Please tell me, how do you pay dividends if you have no PL statement for the period you pay dividends for?
If ActiveMining can not produce a fkn PL statement before 15th of every month (no idea why it take so long!) how do you expect them do distribute the fkn profits? Invent a number and pay? Fabulous idea indeed!
Or is this "dividend" something else that rest of the world considers a dividend?

Amazing!

Pretty sure Ken just takes the mining revenue and splits it up between exchanges proportional to the share numbers on each.

It is ridiculous that there isnt a formal process for any of this stuff. But don't worry Ken is superman and needs no help.

Prove it by posting a picture of of Ken wearing his red underwear on top of his blue elastic tights.. or I do not believe you

LOL

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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August 02, 2013, 09:49:35 PM
 #999

Why are Div's being delayed a week?

Please tell me, how do you pay dividends if you have no PL statement for the period you pay dividends for?
If ActiveMining can not produce a fkn PL statement before 15th of every month (no idea why it take so long!) how do you expect them do distribute the fkn profits? Invent a number and pay? Fabulous idea indeed!
Or is this "dividend" something else that rest of the world considers a dividend?

Amazing!

Pretty sure Ken just takes the mining revenue and splits it up between exchanges proportional to the share numbers on each.

It is ridiculous that there isnt a formal process for any of this stuff. But don't worry Ken is superman and needs no help.

Prove it by posting a picture of of Ken wearing his red underwear on top of his blue elastic tights.. or I do not believe you

LOL

EskimoBob... chill the F out.
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August 02, 2013, 10:12:14 PM
 #1000

EBob.  Calm down.

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