is it just me or does no one in here realize that WE ARE NOT HASHING and from the looks of it we won't be hashing until sometime next fall… IF AT ALL. Why you all continue spinning and discussing this failure is beyond me. it's done. EDIT: pardon me for being the Voice of Reason. another EDIT: and you all do realize we still have no proof that we own shares in this company and that fact is looking worse and worse everyday. We should be mining by May if we get the 55nm chips in mid-April. |
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With BTC at 600 USD no but then if BTC stayed at 600USD difficulty would probably not be able to rise as quickly it is now. With BTC at 2k USD ROI with mining in April is around 30 days. http://thegenesisblock.com/mining/a/cfd8b8a6d8Thanks for that. I guess calculating mining profits is more confusing than I thought. |
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I don't get it. Why would anyone buy a miner that does 432 GH/s for $1,499 that won't ROI if it isn't mining by this month?
Those specks will ROI. And the time it takes will vary depending on the price of BTC when the cards are ready to ship. Today it would be 35 days. But remember we are in the middle of a crisis price-slump. At current mining difficulty it looks like even if shipping in March, let alone Q3, those chips wouldn't ROI the bitcoin you spent on them http://thegenesisblock.com/mining/a/30b8b7310d |
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Since shares may stay untradable for a long time, I think shareholders would appreciate an asicminer-style direct dividend payment. IE use satoshis to signify number of shares, and pay out that ~55 BTC sitting in the mining account. Verifying share ownership in some way would help a lot with investor sentiment.
Ken, when are you going to begin the share verification process on your server? It might not be possible to put up the shares on Crypto-Trade just yet due to legal issues but at least let shareholders verify their shares to get the ball rolling. No harm in that. |
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I don't get it. Why would anyone buy a miner that does 432 GH/s for $1,499 that won't ROI if it isn't mining by this month?
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i just want to get my 0.0025B per share back with 55nm chips . is it ok??
I would be happy to get that much over a couple of years. No need to be greedy. |
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Best thing to do now is wait until April and May to see if the chips come in. Not much else an investor can do.
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Hello new friends!
I'm very enthusiastic about this fine offering, and woul like to aquire some shares. I would like the adress to send the money please, and how soon will I double my money? I'm new to bitcoin and trading, but I'm greedy. I here there's some something called the Australian school that says it's all you need, so I figured sure why not.
Who got them shares?
https://crypto-trade.com/tradex/ipo/amc_btc |
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On Crypto-Trade:
I am hoping to get shareholders shares transferred ASAP and get full trading up and running. We have received a letter from the Missouri Securities Division asking for information on Active Mining Corportation, at this point we have ask for more time to respond and have seeked legal advice.
Active-Mining PR
In other words, no trading any time soon due to being investigated. What a fucken bald faced lie that is, this is a flat out scam. Ken's been scraping off yuko's shares to milk every last vestige of what he can now it's done. What country do you think he flies out to? |
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104 wafers. That's good, can anyone work out how many chips that will be in total.
A few other things to process there. I guess an info request from regulators is a good thing. Ken can you show them sufficient paper work for your orders and work in progress?
1.9 Gh/s per chip 6,800 chips per wafer 104 wafers 707,200 chips 1.344 Ph/s Some of those chips won't work properly though so the numbers will actually be lower. These are some projections from Ken: http://thegenesisblock.com/mining/a/423f77e0be Pegs it at 1.292 PH/s |
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“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” ― Nassim Nicholas Taleb, Antifragile: Things That Gain from Disorder |
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Hey did anyone else notice that eASIC have taken the wraps off their 28nm line?  I don't think we are using this anymore. Fully custom would mean not using these right? |
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Ken could you shed some light on the 20nm idea please? Where would this leave us with eAsic?
Also I think it would be fair to inform the shareholders of an actual date that they'll be able to trade shares. I know you recently did as much however you never then explained the reason for not sticking to it. I would encourage you to inform us in advance any time you are unable to meet a deadline. It's much easier to accept disappointment if it's accompanied by an explanation rather than silence. This way you are more likely to keep people on side.
The shareholder reaction to your latest update surely demonstrates to you that having a professional PR advisor would be a great asset. I'd go as far as to say that you might have been surprised that people didn't embrace the idea of moving to 20nm. I do think you should give some thought to employing a professional.
Sure, we are just looking into it. We would only go to that if it makes since, which means GH/s, Power, and time to market. With time to market being the most important. Yes, I try to do that, but sometime when we are working on deals I forget. I been thinking about a professional PR person; however, it is not on the top of my list of things to do. As far as eASIC, they are working with us to get the most out of our 28nm custom chip. How's it going with the shares verification process? |
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Working as fast as I can on Crypto-Trade verification, we have a lot of moving parts in our business which is taking a lot of my time, but I do want to get all shareholders shares verified and moved to CT ASAP.
Ken, I truly believe that you are busy with putting all the pieces together but you have been saying ASAP for the verification process for a while now. Is it really such a grueling process? What does it entail on your part? |
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~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods. Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc. 3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control.. 1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends 2% = 23.5 months 4% = 11.75 months This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks. $40 Million in sales does not mean $40 Million in profits. True. What do you think the profit margin is on ASIC hardware? |
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~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods. Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc. 3600 BTC are mined every day, 108,000 BTC every month. If ACTM can control.. 1% of the hashrate, 1080 BTC per month, 50/50 Investment/Dividends = 47 months for 0.0025 BTC per share in dividends 2% = 23.5 months 4% = 11.75 months This is only considering dividends being received from the mining farm and none from actual sales of hardware which Ken projects to be $40 million this year. 25,000 BTC (right now) is $20 million bucks. |
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No, I am not willfully withholding shareholder access to their shares to have unimpeded access to the market. I am liquidating the shares due to the above reasons.
Ken, you gotta be upfront with us. Are you waiting to put shareholder shares up until ukyo's shares have been liquidated? This is something that you should state out in the open. Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.
Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.
That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.
You made the point that Ukyo could declare bankruptcy. This is why we have to have a fire sale at this time. Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors. So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade. |
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Wait, don't seized assets get split between ALL the debtors?
Well not in my country. There has to be a court order to make that sort of distribution compulsory. When a car is repossessed does the car seller/repossesor share the proceeds out with the landlord who hasn't been paid his rent? We are taking back assests that were sold by us directly to Ukyo. So we have recovered those assets and are in the process of selling them to refund our losses. 100% legit. Your analogy clear it up for me, thanks. |
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Is it fair? Is it legal? News for you - business isn't fair. If you want to succeed in business you often need to play hard-ball and make big decisions. Is it legal? Absolutely, within the spirit and letter of the law. Without any court order instructing him otherwise, Ken is like any debtor who has seized assets, entitled to sell them to recover his losses. The fact that other parties have a claim against Ukyo is a side issue for Ken. They need to take up their own acts of seizure or legal disputes with this individual. Wait, don't seized assets get split between ALL the debtors? |
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