Nobody cares about mining or div now.
Next gen will be break it or make it for AM.
Price begin to rise , i think we will never see shares this low.
With no prospects of new chips for a few months. Seems more like the beginning of a pump and dump to me. |
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With regards to ActM, I've been proven right time and time again
How is the Labcoin to ActM flipping business going Mr Always Right! It's time for you to go back on that long break you were on. Don't come back here and try to pull your old crap about understanding anything to do with any of these businesses. In other news I'll be visiting Ken in less than 25 Days, Happy Holidays. Do you hear me complaining about Labcoin? No you don't, which should tell you something. Yes it tells us you got burned bad, Now please continue to post like anyone that knows your history cares if you are right or wrong. You are just another chump on the forums that gambled away all his money and now has to fall back on being "right or wrong". I let the amount of money that has been made speak for itself. I got burned bad did I? That's news to me. Those who got burned bad are still in the Labcoin thread trying to get a lawsuit going last time I checked. Pretty much everyone investing in bitcoin stocks got burned to some degree though. ActM was trading at around 0.006 BTC when I sold my shares. What was the last price they traded at on BitFunder? And you think I got burned badly? You guys are still burning! Why do you think VE is flailing all over the place. Also, I never gambled away all my money because I never put all my money into bitcoin. In fact, I've put very little of my money into bitcoin (about £200 since 2011) because I need that money to live on. My bitcoin came from mining on my gaming rig. The only chumps in this sub are those who got stuck holding a bag of useless shares that can't be traded and aren't paying divs. |
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With regards to ActM, I've been proven right time and time again
How is the Labcoin to ActM flipping business going Mr Always Right! It's time for you to go back on that long break you were on. Don't come back here and try to pull your old crap about understanding anything to do with any of these businesses. In other news I'll be visiting Ken in less than 25 Days, Happy Holidays. Like I said previously, it went OK for me but I didn't make the $100,000 I was dreaming of. Do you hear me complaining about Labcoin? No you don't, which should tell you something. I wanted Labcoin not to be a scam and was wrong about them, but I came out of that shit far better off than if I would have stayed in ActM. What I said about ActM was right. Share prices plummeted and there was no sign of any miners before November. There's still no sign of miners now and it's almost January. Most recently, I said that trading on CT would not happen till January. We'll see if I was right again. |
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...
Blah blah blah blah blah (/Face palm).
I don't want shares to be put on an exchange site any time soon because Ken's proven incompetence is going to cause the share price to plummet as soon as trading starts.
Well, some people actually want to sell their shares while they still have some value and the sooner trading starts, the sooner those people can sell and get out. With regards to ActM, I've been proven right time and time again, so you can brush my words off all you want with your "blah blah blah", but that doesn't make them wrong. After all the stuff that Ken has done or not done, how can you still bury your head in the sand and pretend ActM is all good? Where's all those chips that you assured us would be here by November? Where's the shares? Where's the dividends? |
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The label on the vertical axis says "Mh/sec". The value on the 23rd was about 1e+7 Mh/s and rose to about 9e+7 Mh/s. That's 10 Th/s and 90 Th/s respectively. I'd say it's extremely unlikely to be ActM based on those numbers and the fact that chips were delayed. |
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I apologize for breaking up the useless banter with relevant discussion. ActM shareholders, please consider and comment: It seems Chromawallet (colored coin) development is progressing very well. I'm wondering if it would be best to skip listing on crypto-trade.com and avoid the inevitable issues that arise with trading securities on centralized exchanges. I for one, would rather not be exposed to the risk of another exchange operator "having wallet issues" — (I'm looking at you Ukyo) or simply getting bullied by the SEC. Centralized bitcoin security exchanges inevitably fail for technical or legal reasons with few exceptions. Given chromawallet's progress we may be able to use a decentralized solution by the end of January and avoid the rather significant counter-party risk crypto-trade.com represents. Perhaps Killerstorm (chromawallet developer) would provide Ken with some listing support as ActM trading on ChromaWallet might go a long way to increasing ChromaWallet's usage for decentralized stock exchange. According to the devs, neither the CC protocol nor the Chromawallet are anywhere near ready for proper usage. I think there's more chance of Ken getting trading on CT working by tomorrow than there is of CC being ready by February. CC is not going to be ready for quite some time, so a centralised exchange is a necessity until then. I know how incompetent and useless Ken actually is though, having experienced his incompetence first hand (it took him over 2 weeks in some cases to do AMC tenders, never heard of scripts, Ken?). When I said that trading on CT would not commence until January, I was NOT joking. Remember that I called Ken out then for being an incompetent liar back then, and everyone but 2 people jumped down my throat in order protect Ken. Ken has done nothing but lie, miss deadlines and fuck things up from the very beginning. To expect him to be competent and on time is delusional and goes against all the evidence. People, you need to stop kidding yourself about Ken's abilities to pull this off. He doesn't even know how to write a script to do share transfers, which is clearly evident from the fact that share cannot be traded at the moment. He is also a proven liar so I wouldn't buy that nonsense about legal matters needing to be worked out. Does Ken think we are that stupid to believe that nonsense. ActM is an illegal security in the US and none of his lies will change that. He probably does think we are that stupid because he did afterall expect us to believe that nonsense about Intellihash increasing the hashrate as difficulty increases (/Face palm). |
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I was John818 my friend. Yes, the first person you raged at who challenged you. I deleted that account because at the time I felt I'd foolishly given away far too much info about myself and my objectives, only because I was new to bitcointalk and was concerned about security. Remember the guy who recommended that you should exercise caution over your own whacky $5000 deal, but you said, "Is that a threat?". Is was only advice, and yes, that was me.
You have stepped over the line and unlike yourself, I'm not prone to knee-jerk reactions. I'm not even prone to jerks like you either.
I will continue to monitor you and your intent and have now set myself the challenge of somehow damaging your investment (I do hope I'm able to do that), and still maintaining my own, long. (ActM will prevail)
VE, I have been one of the most vocal cheerleaders since John818 and that means I am privy to information which the trolls would love to have. This is eight months in the making. I know almost everything about this company, warts and all, and I will now go out of my way to manipulate the share price ONLY to hurt your position. That is a promise. You won't see what's coming, but it will happen immediately after shares get listed. Or will it? That is a promise!
Here is a taster:
The maximum output of a fully specced ActM machine is 11.4 TH as tested last week.
Intellihash is as much of a manipulative marketing gimmick (see my post over) as is the lie that is the 24 TH behemoth is anything other than an empty server. Intellihash is a simple overclock (not 20%, it's clocked at 11.5%) and nothing more. It's simply impossible to increase hashing power as difficulty increases. Marketing bullshit and lies, just to sell lame hardware that will never ROI and the dumpster will spit back it out, right back at you. Invest in this fraud at your peril.
For the love of God, hold as long as you can when it goes live, then, if you've managed a couple of hours you will have done well and just dump as many as you can for whatever price folks. 0.0007 would be a brilliant result as the decline thereafter is as written into the walls as is the certainty that radioactive matter decays.
Hey, I have a proven track record in tanking the ActM share price. I hereby offer my services to you. For 1 BTC, I'll crash the price* to 0.0005 BTC. Guaranteed. You can even use escrow. *price of WDC |
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I concur.
Whilst this new avenue of contact will assuage many investors concerns we should remember that it's main function is to disseminate 'factuals' and envisionise the investor-base with confirmatory informations and also be the theatre by which developments are stated in due course.
Marketing Gibberish -> English translation: Ken needs so provide a few little facts and a heavy dose of bullshit in order to start actually fooling people into thinking ActM is going to be worth something. |
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Do YOU believe in Ken?
Do you believe in life after Ken?...by Share? Wait, wait, wait...here's a better one. Hey diddle diddle, Ken had a fiddle, With share holders with brains made of mash, All the trolls laughed and had such fun, While Ken ran away with all the cash. |
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mabstark that was a lot of effort just to tell us that! You really sat down and gave those fingers a workout. Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price. After all, who would sacrifice that much of themselves if they didint have interest and motives  Isn't it obvious VE? He just wants cheap shares. Don't sell your shares to this FUDster guys, make him pay. How about disputing the argument with some logic and facts? |
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I see there are still no takers on the 0.1 BTC bounty for proof of working hardware. You'd think someone would at least post a pic of the shipping notification, for what that's worth.
If Ken indeed shipped the first products, how long would the shipping times be, I wonder?
Two Weeks! |
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What are the current plans for chip development?ActiveMining is developing a 28nm Bitcoin mining chip using eASIC. - Chip samples delivered in 9 weeks;
- Low-volume chip production starting in 12 weeks, using an e-beam process;
- Normal volume chip production starting in 16-18 weeks.
The samples were delivered according to Ken and had to be redesigned (BFL comes to mind, how long did it take them?). Low volume production has now gone from December to February. Normal volume production has now gone to late April/early May. There'll probably be 1-2 thousand sample chips, enough to build a 24 Th/s miner. As previously shown, that'll provide about 80 Satoshis per share per day, with a 2.5% reduction per day. Low volume production will probably be about 100,000 chips. With each chip capable of 16 Gh/s, that's 1.6 Ph/s, which will take a fair bit of time to build miners out of. That's about 67 x 24 Th/s miners. Let's be generous and say they'll finish bringing that hash power online when normal volume production commences beginning of May. With 50% mining that'd give them 0.8 Ph/s. The current 30 day rate of increase for the network is 78%, giving a network hash rate of around 116.2 Ph/s at the beginning of May, which would give ActM about 0.7% of the network hash rate. With 1% giving 504 BTC, 0.7% would provide 352.8 BTC per round or 25.2 BTC per day. Distributed over 10 million shares, that's 252 Satoshis per share per day, with a 2.5% reduction per day. It's not looking good for ActM share holders.  They've waited all this time and they're going to get less dust than the Avalons gave them.  |
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The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share!  0.00006 more like!  Mabsark, you were asked a few days ago how many ACtM shares you were still holding after you made a hasty exit 2 or so months ago to get into Labcoin. It looks like you sold them all then? You clearly want to buy back into ACtM at the lowest price possible and this blatant FUDing just tells me that you actually value ACtM highly - otherwise why would you want to buy back in? So yes, thanks for confirming through your FUD attempt that ACtM is indeed an excellent proposition - but really, we knew already. I haven't got any shares in anything at the moment and believe it will be more profitable to just hold my BTC for a couple more months. And yes, at 0.00006 BTC per share, I probably do value ActM shares too high. Also, I see you can't answer my questions and try to ignore the issues by claiming I'm just spreading FUD. Will it take another 9 weeks for eASIC to implement the "IntelliHash" changes? If so, will new samples only arrive in February with full production not ready till May? These are real issues which Ken needs to address as it's looking like ActM are going to be months behind schedule. |
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A 24 Th/s system would require about 1500 chips. I wonder how many sample chips Ken was supposed to be getting? The sample batch was supposed to be received in November, with low volume production in December and full production in around February. That's according to the time frame posted by Ken in the 2nd post in this thread and according to when he said he'd paid the NRE costs. So, where are the chips? Pictures? Proof of mining? Didn't Ken say he had to redesign the chips to work with Intellihash? How long is that going to take eASIC to implement? Another 9 weeks? Will Ken get new sample chips? If so when? If not and he moves straight to low volume production, what if the chips don't work properly? The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share! 0.00006 more like! |
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By the way I think actm share price will hit 0.01 within a week of us going live. And it will climb steadily until March where it will level off around 0.04
I think you are dreaming. The share price will likely stay below .0025 until we have some proof of miners shipping, or an announcement that we're adding 24.576TH/s of hash power with BTCGuild showing as much. Even then I think we will only get to about .005 and maybe .01 by March. Catch me up, please. How many millions of shares are the dividends divided over now? How many satoshis a week would each share get with 24 Th/s of mining capacity? This is all easily obtained publicly available information. Since it's so easy, why don't you go ahead and answer the questions? Since nobody bothered to answer I will. If the network hash rate was at a constant 10 Ph/s and ActM had a constant 24 Th/s, it would have 0.24% of the network hash rate, mining 120.96 BTC per round. The round would last 14 days, since the hash rates were constant, giving 8.64 BTC per day. This would be distributed to 10 million shares until 0.0025 BTC per share had been paid, after which the number of shares would increase to 25 million. According to the genesis block, the network hash rate is increasing by about 78% every 30 days, which is an increase of about 2.5% each day. So, if the network hash rate was at 10 Ph/s and ActM brought 24 Th/s online, 8.64 BTC / 10 million shares gives 86 Satoshis per share per day, which would fall by 2.5% each day! |
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You might find this funny. But recently Ken actually Locked the thread and shut it down for a good 30minutes or so after he and VE got in a fight. He then unlocked it, closing the thread is not a smart idea. We will then see dozen of posts about "What happened to AcTM??? Why is the thread locked? Omg Ken scammed us?!?!?!?!?!"
Keep it open, use the ignore button and stop complaining because you have to scroll through a few pages when you have big money tied up into shit. People need to stop being lazy. "Omg but Crumbs won't stop posting!! I feel like I'm gonna die!" So many god damn cry babies on this forum man.
We see those posts daily in the thread repeated over and over again. Are you going to pay the mods to keep it open? Someone has to prune the thread and quite frankly its a waste of their time and Ken's whenever they have to perform that task. (Time == Money) I have most of the people on ignore, it would be nice though to refresh the thread and not see "user is ignored" for an entire page of just Crumbs, VE, and LabKen talking to themselves. How is that helpful to anyone? Its not laziness its just annoying to have school kids whine and investor questions overlooked amidst all the personal battles being fought in the ActM thread. What business do mods have in a self-moderated thread. If the mods can just delete whatever they feel like from a self-moderated thread, then what's the fucking of having the option to create a self-moderated thread is the first place. |
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yeah, and I am down to buy a Lambhorghini for $2000 Stay in the loop. Read this wonderful thread daily. The most recent asking price is 1128 bitcoin for all the shares I own. Do you have 1128 bitcoins? (0.0067456 bitcoin per share) I have changed my mind, because you show so little faith in Ken, for you the price is .007 bitcoin per share. LorenzoMoney... is your selling offer still valid and was it 0.00075BTC per share?
You know im asking to buy... i dont see little faith in that. Thats no buying price anymore. I already own many shares. A higher price is good for me the other way around then... Speaking about faith... i wasnt the one trying to sell low... Down to buy 600 at .00075 Shit! Thought I was the only one.. Anyways. What day do we think our shares/accounts will be up? Tomorrow? Sunday? Based on previous experience, some time in January. |
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MabSark - very quickly as it's late.
Your disrespectful attitude is not on. You are not a five year old so stop acting like one. I was perfectly polite to you.
When you learn to show some respect to others, perhaps they'll treat you with respect. You was not perfectly polite to me at all. That's another lie, another misrepresentation of facts. Do you actually think that trying to take the piss out of someone and claiming to be happy because you thought they lost 75% of their money is respectful? "Mabsark - I am very very happy that you lost 75+% of your money in Labcoin, lessons like that are invaluable in life." Firstly eASIC do not fab the chip's. Their many foundry partners do and these suppliers can easily produce repeated large orders - look at the size of the companies eASIC supply to and think of the size of their current orders.
Foundries have many customers, some of them very large. What makes you think there will be any capacity left for eASIC? And even if there is capacity, they still can't make the chips in a month. Second, we are taking in 2.1 million USD in orders per month - as you would know if you paid attention. Hence a conservative estimate of having 4 mill available to fund the farm in January. We are expected to take in 4mill by then giving us over 6mill in fund's total.
So, when Ken says, "As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares", you're calling him a liar? Thirdly I don't know what you are talking about with this 1 PETAhash. I didn't mention 1 PETAhash specifically. Yes I say in my post we will have 7% of network hash through the month of February. And my estimate places that around 40 of our mining rigs -
24.5TH/s each = 0.98PETAhash. That is how many rigs I believe we can deploy by end February with a 4mill invest fund.
I'm getting the 1 Ph/s from multiplying 40 by 24.5 Th/s. You just even pointed it out yourself after asking me where it's coming from. What the hell is wrong with you? Finally you are extremely rude and clearly unable to do reasonable research or hold a grown-up conversation so you are now on my ignore list - incase you wonder why I don't reply to your nonsense.
Someone doesn't like facts and logic. I'll leave you to get trolled by crumbs then. |
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You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly.
What makes you think eASIC can produce millions of dollars worth of chips every month?
Keep in mind that eASIC - once the design/conversion has been finalised - outsource to foundries such as GlobalFoundries and Fujitsu. [1]AMD had previously contracted to buy $500 million in wafers in the fourth quarter from GlobalFoundries
Granted, the chips don't just materialize on the spot; though I don't see us hitting a ceiling with chip order sizes in the range of a few million dollars. You're missing the point. It takes more than 1 month to produce the chips and the foundries have far bigger customers such as ARM, AMD, etc. The foundries don't have infinite capacity and can only produce a limited amount of chips in a specific time frame. While ActM may not be hitting that ceiling, you can bet that AMD and ARM will be. Expecting the hash rate to keep increasing every month shows a complete lack of understanding of the subject. |
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First of all, using https://bitcointalk.org/index.php?topic=297503.msg3741018#msg3741018 shows profit being spent each month to buy more chips. That isn't a possibility. You can't just give eASIC $1.6 million and expect to get $1.6 million worth of chips from them instantly. They're not wizards and magic does not exist. Those chips have to be ordered and produced. When was the NRE paid again? We still don't have chips after months. What makes you think eASIC can produce millions of dollars worth of chips every month? The whole post is based on a flawed foundation. So we can expect that by the time we are a few weeks into January we will have a fund of over 4Mill USD to spend solely on the ACtM mining farm.
Therefore by end of January we can expect to have in the region of 40 fully deployed 24.5TH/s machines on our farm. (The machines are retailing at 233k. I would expect cost-price would be sub 50% of retail, so at 90k per machine that gives us 400k change for install costs from a 4Mill fund).
Why would you expect that when Ken recently said: As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares . First you pull $4 million out your arse, then you pull 1 Ph/s out your arse too. You don't know how many chips eASIC wil produce for ActM and you don't know how many chips have already been sold. You claim not to be a lying piece of shit, misrepresenting facts in order to hype up the share price, yet in that post you claim to be using the latest update from Ken dated 2013-09-24, whereas the latest update from Ken was on 2013-11-30. I also checked the pdfs and couldn't find any mention of $4 million. |
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