As a user affected by the weexchange mess, I really blame Ken that is liquidating Ukyo's shares to get his debt back before other users.
We are all users effected by the WeEX mess - Ukyo stole 106BTC of our investment capital. That was money from us investors stolen by Ukyo. Now your money might well be important to you but you need to remember who stole it from you. You also need to realise ACtM has lost money from it's balance sheet and that money needs to be returned. Hundreds of people are invested in this company and we and the employees of ACtM have a legal right to get our stolen money back. You obviously don't like that but it's out legal right and we are exercising it for the sake of this company. If you want to see some of your money back buy these shares, at this price you are guaranteed a full return on your money. It is really easy to get, probably you are in bad faith. Let's explain with easy numbers. Ukyo stole 1000 XBT from 10 users, Ken was on of the users and robbed by 100 XBT Ken holds (not owns) 100 ActM Ukyo's shares with 1XBT value each one. Those shares are owned by Ukyo and he could (and should) liquidate them to partially refund ALL weexchange users, so 10XBT each one Ken instead sells him and pays back his debt entirely, leaving none to the other users. Is it fair? Is it legal? Why do you keep bringing up the users Ukyo stole from? How is Ken responsible for them? He is only responsible in recouping his companies lost funds. |
|
|
|
Ken is wrong selling the shares at any price. Getting back HIS debt before everyone else puts him in wrong. Even selling shares at 0.0005 and getting 100XBT, those money should be split among ALL the weexchange users and not paying him before. So it's wrong from the beginning.
How is Ken responsible for Ukyo's mistakes? This is between Ukyo and Ken as the CEO of ActiveMining, not Ukyo, Ken, and also the users Ukyo stole from. |
|
|
|
I don't understand what's behind all this commotion.
Are people just waking up to Ken's shiftiness?
Is it surprising that some panic buys happened when the asks got dropped from .1 to .0005 (err... two-hundred-fold)? People like "bargains," panic buying is a thing.
And there's nothing worth mentioning being sold anyhow.
Really a tempest in a teacup.
The asks got dropped from 0.01 to 0.0005, a 20-fold decrease, not 200. See? Only twenty-fold decreese. Nothing to get wound up about! That's at the previous ask. With the sentiment I see around here, an optimistic peg of the price would have been 0.005 (10-fold decrease) and on the low end 0.00075 - 0.001 (50% off and even less). But that's not the problem, the problem is Ken not making it possible for the weak hands to get out. |
|
|
|
I don't understand what's behind all this commotion.
Are people just waking up to Ken's shiftiness?
Is it surprising that some panic buys happened when the asks got dropped from .1 to .0005 (err... two-hundred-fold)? People like "bargains," panic buying is a thing.
And there's nothing worth mentioning being sold anyhow.
Really a tempest in a teacup.
The asks got dropped from 0.01 to 0.0005, a 20-fold decrease, not 200. |
|
|
|
He lost 100BTC from the company books to Ukyo. That isn't cause to destroy shares, ffs... Where do you clowns come from?! The shares are an asset claimed by Ken via the lien to recoup his losses. His current listing price will recoup his losses. It's all very complicated, clandestine, and conspiratorial.  The condescension isn't necessary - I'm making an honest effort to understand your perspective on this, and how this can be seen as a reasonable decision. Let's see, under lien on Wikipedia I see "In other common-law countries, the term lien refers to a very specific type of security interest, being a passive right to retain (but not sell) property until the debt or other obligation is discharged". So what definition of lien are we using here? Do I need to dig up some Belize lawbooks? I understand that the losses will be recouped, but how is this the best way to do it, rather than just keeping the shares as a company asset? The losses were in BTC, not in ActiveMining shares. Maybe Ken wants to buy a new car with the recouped BTC funds or use the funds for the company, who knows. |
|
|
|
You're basically throwing away .002 "investor guaranteed" BTC per share when you sell at that price. It's a very questionable choice IMO.
That's not correct. Every share gets the same div payout and it doesn't matter who owns them or what they paid. ACtM will only get their lost money back from this no more. So the price they go for has zero impact on us so long as we make our BTC back. If each share is going to receive .0025 in dividends, then selling them for .0005 is an undervaluation of company assets, and a poor decision. Hold the shares, let the dividends flow back into the company. If you have to sell them at a "bargain" to get rid of them, why sell them at all. Do you need the BTC, Ken? I don't speak up much on here but this is choice reflects VERY poorly on the company and your opinion of its future. He gave Ukyo 10 days to pay up the funds, he didn't so Ken is liquidating his shares. |
|
|
|
so… how's this little experiment/hobby coming along? …we hashing yet?
Not yet, supposedly in mid April/May. He knows. He's trolling  Oh, didn't realize that  |
|
|
|
Any opinions on Marc Andreessen's comments? http://bitcoinvox.com/index.php?view=article&article_id=82"There is a big opportunity to apply custom silicon to mining," Andreessen said. "We're seeing a new wave of chip design around it, which is not something I would have predicted a year ago." While mining operations can potentially be done on general-purpose chips, Andreessen stressed that Bitcoin mining is much more efficient on custom, specialized silicon. "Mining is a very specific thing that you can highly parallelize," he said. "So I think that custom mining chips will dominate for quite a while." |
|
|
|
so… how's this little experiment/hobby coming along? …we hashing yet?
Not yet, supposedly in mid April/May. |
|
|
|
Hey guys, you're all missing the biggest issue with this calculation - it has a 10% conversion rate (USD/BTC) increase per MONTH built in. Remove that and you'll make a whopping $2000 on your $1.3M investment. You CANNOT allow for an increase in the conversion rate to be factored into mining profitability, as you can simply hold the equivalent in BTC and see the same USD-denominated increase. Just switch it over to BTC. Max profit: 1870 BTC. How did you get $2000? |
|
|
|
Jun-14 Cumulative Return = 959.00 May-14 Cumulative Return = 119.00 Difference = 840 BTC mined in 1 monthTotal BTC mined in 1 month (3600 BTC x 30 days) = 108,000 BTC 840 BTC / 108,000 BTC = 0.007777 = 0.77 % of hashrate from May to June LOL! Ken updated VBS's spreadsheet. I really missed that thing. Funny stuff. Just going by the projections he posted. |
|
|
|
Jun-14 Cumulative Return = 959.00 May-14 Cumulative Return = 119.00 Difference = 840 BTC mined in 1 monthTotal BTC mined in 1 month (3600 BTC x 30 days) = 108,000 BTC 840 BTC / 108,000 BTC = 0.007777 = 0.77 % of hashrate from May to June |
|
|
|
@ Milky seems you are right.
12 * 1.34 Gives us 16.08 * 1.34 Gives us 21.54 which seems rather close to the increase we are seeing month after month. So around 35% - 40% increase I suppose every 2 Weeks from his suggestions.
Does a 78% monthly increase in the difficulty mean a 78% increase in the hashrate? I'm just trying to see what percentage of the mining ACTM will control in May. |
|
|
|
What do you see the hashrate being during May? If you notice it says a 78% Increases every 2 weeks and has May starting at 12 Billion. (Current difficulty is just a little over 2Billion) It says a 78% increase per month not every 2 weeks. So the hashrate would increase by 78% a month? |
|
|
|
What do you see the hashrate being during May? |
|
|
|
LOL @ all the outspoken fans and supporters of this failure! you all cheering up this mess but really you just wait for the moment you can sell your shares quietly and never post here again.in the meantime, the way you all bow down and bend over to your master is just way too funny and desperate to say the least!
This is a bunch of rubbish, I can count only a few, perhaps 5 at most, the amount of cheerleading investors. Also if anyone thinks that can "quietly" sell their shares, they are in for a surprise. I have already claimed 0.0009 to be the top end of the price range until 28nm is delivered, with the most likely range around 0.0001-0.0004. Most of the real investors (me and almost everyone else who isn't a troll) are not cheerleading and know that we will have to either sell very cheap to get bitcoin or hold out for a long time (8 months+) and hope that Ken succeeds. Let's say we get 1 PH out of 100 PH (1%), we would be receiving 36 of the 3600 BTC mined a day. In a month that would be 1080 BTC. Let's say half goes to dividends, (540 BTC / 10,000,000 shares) = 0.000054 BTC per share a month. How much is that worth? Half would be 504btc a month. Weekly dividend of 0.0000126 Share price valuation of 0.002205 from how I do my shizz. Half would be 540 not 504 BTC. How did you get that share price from those dividends? 30% APY? |
|
|
|
LOL @ all the outspoken fans and supporters of this failure! you all cheering up this mess but really you just wait for the moment you can sell your shares quietly and never post here again.in the meantime, the way you all bow down and bend over to your master is just way too funny and desperate to say the least!
This is a bunch of rubbish, I can count only a few, perhaps 5 at most, the amount of cheerleading investors. Also if anyone thinks that can "quietly" sell their shares, they are in for a surprise. I have already claimed 0.0009 to be the top end of the price range until 28nm is delivered, with the most likely range around 0.0001-0.0004. Most of the real investors (me and almost everyone else who isn't a troll) are not cheerleading and know that we will have to either sell very cheap to get bitcoin or hold out for a long time (8 months+) and hope that Ken succeeds. Let's say we get 1 PH out of 100 PH (1%), we would be receiving 36 of the 3600 BTC mined a day. In a month that would be 1080 BTC. Let's say half goes to dividends, (540 BTC / 10,000,000 shares) = 0.000054 BTC per share a month. How much is that worth? |
|
|
|
WTS 10k Potcoin
Will accept LTC or BTC
Escrow services would be covered by me
I have 0.1 BTC to invest, looking for 5000 POT. |
|
|
|
|
Show Posts
