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141  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 28, 2013, 03:33:55 AM
LOL this is like a huge scam. We won't get our shares back, or this Crypto-Trade will get "hacked" and "all information will be lost" and we won't get anything back.

If we get our shares back, im selling them asap.

that is why all the low limit orders have piled up on crypto-trade, people want your cheap shares that you have to sell because you haven't made rent in a few months
142  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] on: December 21, 2013, 04:21:41 PM
At current difficulty 28TH/s (the actual amount we are scheduled to receive) we see:

Code:
1172.0*1000*1000*(2**32)/(28.0*1000*1000*1000*1000*60*60*24) => 2.0807298573544974 days to find a block

That means each day it will find ~12 BTC

Code:
25.0 / 2.0807298573544974 => 12.015BTC/day

This means if we got the miners right now, and assuming 30% network growth and 12-day adjustments instead of 14, we would get 144 BTC in the first 12 days, 100.9BTC the second 12-day period, 70.65BTC the third 12-day period, and 49.5BTC the fourth 12-day period.  This means in the first 48 days we'd see 366 BTC, 50% of which would be 183BTC, which is better than break-even at the current market cap.  If cointerra comes through, the shares will pay for themselves in DIVs alone in under 2 months at teh current share price.  Getting a share in hardware that will break even in under 2 months is unheard-of practically.  Add to that that you still have the shares to sell (which are even more valuable because COG has 186BTC to spend on even more hardware) and it is still looking pretty good.

The only reason to sell remains uncertainty over Garrett (and it is very uncertain now, I agree).  That said, I'd rather hold and be wrong then sell and be wrong, so I'll take your cheap shares, tyvm.

okay, I'm doing my calculations on www.dustcoin.com/mining , but yes with 28TH things look slightly rosier

but only with the share price at .0181/share , partially a result of me selling into liquidity

just a week ago at .06/share yes this predicted a 30% return

and a week before that at .010/share this predicted a 20% return

On the other hand, my cost basis was ***MUCH*** higher, so maybe you have a more manageable amount of shares at a lower entry price and can rationalize holding

I could not rationalize this
143  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] on: December 21, 2013, 05:29:07 AM
COGNITIVE:

20TH coming online in the next couple months.

with share prices of .02/share Cognitive has a market cap of 191 bitcoin.

at ***CURRENT*** difficulty 20TH would earn 77 bitcoins per week, half of which goes into the reinvestment fund (right?)

so for dividends sake, think 38.5 bitcoin.

Assuming difficulty adjusts every two weeks, then you are looking at 77 bitcoin during one round of difficulty.

And this will only be a diminishing return.

At share prices of .02/share , cognitive shareholders will *NEVER* make their investment back.


Garret's dividend withholding is just an extra reason to get out while you can.

just posting this now that I've finished selling with limit and market orders.

Was that you who finished getting out at .0181?

Sold some on the forums, some on Havelock

Thanks for the liquidity

I had been holding for the CoinTerra chips, but difficulty was under one hundred million at the time, now that it will surpass 1 billion, this is no longer a good bet

This was one of the more promising ways to get exposure to ASIC technologies, unfortunately no longer viable.

ActiveMining is aiming to have single machines that can do 24 TH/s, KncMiner will be rolling out their batch right along with CoinTerra

this particular security offering doesn't have the potential in the face of these outcomes



I was thinking that maybe I would hold for dividend euphoria, like when one big dividend came in with ASICMiner people would just bid up the shares as if it would happen for all eternity, but with my calculations on this share issue no price for COGNITIVE makes sense, that and coupled with the fact that dividends are being withheld, I could no longer rationalize even holding a smaller position in COGNITIVE

caveat emptor and hold that helps
144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency - many coin - wow - v1.2 Released on: December 21, 2013, 01:16:59 AM
left dogecoin-qt open all day on OSX, can't get it to sync, help? PM me
145  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge on Vircurex on: December 21, 2013, 01:16:06 AM
great!, I was trying to get some but didn't trust any of the exchanges trading them to open new accounts
146  Economy / Securities / Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] on: December 21, 2013, 12:55:27 AM
COGNITIVE:

20TH coming online in the next couple months.

with share prices of .02/share Cognitive has a market cap of 191 bitcoin.

at ***CURRENT*** difficulty 20TH would earn 77 bitcoins per week, half of which goes into the reinvestment fund (right?)

so for dividends sake, think 38.5 bitcoin.

Assuming difficulty adjusts every two weeks, then you are looking at 77 bitcoin during one round of difficulty.

And this will only be a diminishing return.

At share prices of .02/share , cognitive shareholders will *NEVER* make their investment back.


Garret's dividend withholding is just an extra reason to get out while you can.

just posting this now that I've finished selling with limit and market orders.
147  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 20, 2013, 01:34:58 PM
Here we go again. The CEO is allowed to trade stock in his own company. It is not considered insider trading. It happens all the time. Many people watch when CEO's buy or sell stock as this could be an indication of where the stock price is heading. Nothing illegal about it.

yeah its highly regulated, large shareholders have to file certain SEC forms, and many executives can only trade in predefined intervals to avoid illegal insider trading scrutiny
148  Alternate cryptocurrencies / Altcoin Discussion / Re: free 5,000,000 doges to giveaway. many dogecoins. like such cute dog. on: December 20, 2013, 01:28:30 PM
DREBCqMcW2fhzAtNTPTVmYUkqriacav9mx

thanks!
149  Alternate cryptocurrencies / Altcoin Discussion / Re: [DOGE][GIVEAWAY] 20,000 DOGE GIVEAWAY!! + Bonus on: December 20, 2013, 01:27:44 PM
DREBCqMcW2fhzAtNTPTVmYUkqriacav9mx

thanks
150  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY] -- 10K DOGE -- GET 50 DOGE FOR EACH POST! on: December 20, 2013, 01:26:54 PM
DREBCqMcW2fhzAtNTPTVmYUkqriacav9mx
151  Alternate cryptocurrencies / Altcoin Discussion / Re: [DOGE] L8.LV Dogecoin Giveaway on: December 20, 2013, 01:26:31 PM
DREBCqMcW2fhzAtNTPTVmYUkqriacav9mx
152  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 20, 2013, 01:22:39 PM
If Ken is smart he won't release the news until trading is live.  He has been known for insider trading.  He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them  So this is another reason why we need to get trading.


why did he even admit to trading his own stock, was that a serious lack in judgement ? I remember reading that, it did not surprise me but it surprised me that he said that

he is in the USA for pete's sake! practically the only country that prosecutes insider trading, and gives the longest sentences known to man for it!

I was under the impression an Executive has to give 48 hours notice before making a trade. So Ken's only mistake was trading in secret, as it's not outright illegal.

lol, no. ^ even if this were registered securities where did the hell do you get this stuff
153  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 20, 2013, 01:05:09 PM
...
why did he even admit to trading his own stock, was that a serious lack in judgement ?...

Alcoholism.

Well good thing all the exchanges he did it on have shut down. Prosecutors wouldn't be able to get proof of it
154  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 20, 2013, 01:00:29 PM
If Ken is smart he won't release the news until trading is live.  He has been known for insider trading.  He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them  So this is another reason why we need to get trading.


why did he even admit to trading his own stock, was that a serious lack in judgement ? I remember reading that, it did not surprise me but it surprised me that he said that

he is in the USA for pete's sake! practically the only country that prosecutes insider trading, and gives the longest sentences known to man for it!
155  Economy / Collectibles / Re: Now Here: Casascius 1000 BTC Fine Gold Coin on: December 20, 2013, 04:24:24 AM
Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?

He was supposedly counterfeiting US dollars. That is not all what is going on here.

No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar"

you do not know what you are talking about. trust me, this is not the same issue.

http://en.wikipedia.org/wiki/Liberty_Dollar

They accused him of everything from counterfeiting to terrorism.

You don't know what you are talking about.

This is Fincen stretching their jurisdiction pretty far to see what happens. This is a completely new interpretation of federal Money Transmitter laws at play here in regard to cascascius coins
156  Economy / Securities / Re: [HAVELOCK] CasinoBitco.in CBTC Official Thread- ACQUISITION NEWS & OFFERING! on: December 19, 2013, 04:40:44 AM
It is probably that casino that posted on reddit the other day with that had sent out an open letter to all their members about bitcoin
157  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 15, 2013, 03:49:47 PM
ActM has individual units creating 24TH

the outfit itself will add many many PH to the network
158  Economy / Securities / Re: [ActiveMining] Discussion about the Dec 8th IRC chat [NOT Moderated] on: December 10, 2013, 01:45:06 AM
I got accused of being VE one time recently
159  Alternate cryptocurrencies / Altcoin Discussion / WTB 250 Anoncoin @ .008 on: December 10, 2013, 01:39:55 AM
WTB 250 Anoncoin @ .008 BTC

you send first, or escrow
160  Economy / Securities / Re: [Direct] BTC Growth - Forex Volatility Focus on: December 08, 2013, 02:26:17 PM
hey Greg, I saw your fund operates for only 3 months at a time, in the United States "securities" that last less than 270 days are exempt from the securities act, and therefore any other SEC regulations don't apply either, such as 'self certified' statuses

feel free to verify that

but you can offer promissory notes, or commercial paper to Americans.
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