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When I google 'bitcoin mining machines', VMC is about rank 7. The summary beneath the URL says 'plant' instead if 'planet'. I can't see this typo on the VMC home page or meta data, so it could be an out of date Google cache.
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AM Launches The Worlds Fastest Bitcoin Mining Machine At 24.576 TH/s Kinda misleading. You didn't launch anything but a preorder for a product, that isn't ready yet. Which is no problem for me, but this doesn't negate the fact, that the title is misleading.  The Fast-Hash-One is available at: ... Same complaint. It's not available, but a preorder is. Its available for preorder  Yep, the website is quite clear it is preorder. |
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Way to go, Ken!  |
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AM Launches The Worlds Fastest Bitcoin Mining Machine At 24.576 TH/s SPRINGFIELD, MO, - July 16, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today the launch of the "World's Fastest Bitcoin Mining Machine". The Fast-Hash-One configured with 6 expansion cases and 96-256 GH/s bitcoin hashing cards makes it the Worlds fastest bitcoin mining machines hands-down. The machines use the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™ The Fast-Hash-One is available at: http://www.virtualminingcorp.comA few more announcements like this and that wall is going to vanish... He posted that and 15k shares vanished in minutes... Wow, that's cheap. So cheap in fact that MANY people will drop the money JUST for the chance that we will in fact deliver. Wow. Could this announcement mark the tipping point? A handful of sales triggering the demolition of the walls, taking us comfortably to NRE heaven? |
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based on what i saw - ken sold off on coins @65$. if he had waited a week more he'd have gotten 30% more $. these kind of things will eat away at his business unless he is able to maximize the time and amount he sells. that would probably help him a great deal to pace out his exchange orders (and not in a way to crash the market)
Lots of people said we were heading to $20-$30, so $65 was the rational trade at the time. Edit: typo |
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For some reason I get the feeling Ken is the one placing the asks at .0021
I HIGHLY doubt this Hes done this before at .0005, .0008 and .0025 so there is definitely history here He also said he wouldn't do it again (I think). |
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For some reason I get the feeling Ken is the one placing the asks at .0021
I HIGHLY doubt this Me too. If it is, kudos, lol.  |
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Ok, how about this for some speculation. A largish investor in ActM gets fed up waiting for the walls to fall so things can start trucking. He decides to buy up a couple million shares on BitFunder and btct.co to ensure ActM gets the capital it needs for the NRE. Now, this whale isn't stupid: facing an over concentration of his net worth in ActM, he decides to sell into the rising price over the next few weeks to recoup his BTC allowing him re-balance his portfolio. He makes a profit, ActM is happy, the shareholders are happy 'cos we're trading at > 0.0025.  |
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okay kslaughter, don't be greedy, bitcoin's exchange rate has appreciated again, drop the bid wall again to reflect that
This has already been discussed, the ask wall will be removed entirely, soon. great thanks, this wall is only on BTCT.co currently? It isn't on AMC-PT on Bitfunder, nor ActiveMining on Bitfunder There is a small wall on BF ActiveMining at 0.0025 ...and since 1 or 2 days there are some people who dont want the price going up to 0.0025 on BF it seems. The wall between 0.0021 and 0.0022 ist filled up every few hours again. Spot on. If I were a rival company feeling threatened by upcoming competition from ActM, I'd want to slow down ActM's ability to raise capital by placing lots of sell orders below 0.0025. If you watch the behaviour closely, it's the obvious explanation. Most flippers keen to take an early profit on shares bought at 0.0005 - 0.001 have already done so, which leaves the manipulators as the only sellers. The news from ActM is better each day, so there isn't really a sensible reason to be selling at this point. +1 No. Those ask walls are being lowered every time and people are buying into them, not selling because of them. Why would someone buy shares of a company that they wanted to fail in the first place. If you dont plant the weed in the first place you won't need to cut it down later. Sure there are people buying into the Asks, because they see a good investment. The sellers are stopping the buyers from eating into Ken's 0.0025 wall, that is all they need be concerned with if their objective is to hobble ActM's ability to raise capital. It is quite easy to obtain shares off market if you have the BTC, and you will happily sell at a loss if your sole objective is to slow down a competitor. The wall was originally at .0024 to .024999. It has come down to .002-.0022. This is good for us, Ken and new investors. Bad for sellers. But isn't Ken selling at 0.0025? We want people to buy his shares so the money goes to ActM so we can get things moving. Yes, it is good for a new investor to be buying in at sub 0.0025, but in the medium to long term they would be better served to buy at 0.0025 so the NRE is covered asap. |
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okay kslaughter, don't be greedy, bitcoin's exchange rate has appreciated again, drop the bid wall again to reflect that
This has already been discussed, the ask wall will be removed entirely, soon. great thanks, this wall is only on BTCT.co currently? It isn't on AMC-PT on Bitfunder, nor ActiveMining on Bitfunder There is a small wall on BF ActiveMining at 0.0025 ...and since 1 or 2 days there are some people who dont want the price going up to 0.0025 on BF it seems. The wall between 0.0021 and 0.0022 ist filled up every few hours again. Spot on. If I were a rival company feeling threatened by upcoming competition from ActM, I'd want to slow down ActM's ability to raise capital by placing lots of sell orders below 0.0025. If you watch the behaviour closely, it's the obvious explanation. Most flippers keen to take an early profit on shares bought at 0.0005 - 0.001 have already done so, which leaves the manipulators as the only sellers. The news from ActM is better each day, so there isn't really a sensible reason to be selling at this point. +1 No. Those ask walls are being lowered every time and people are buying into them, not selling because of them. Why would someone buy shares of a company that they wanted to fail in the first place. If you dont plant the weed in the first place you won't need to cut it down later. Sure there are people buying into the Asks, because they see a good investment. The sellers are stopping the buyers from eating into Ken's 0.0025 wall, that is all they need be concerned with if their objective is to hobble ActM's ability to raise capital. It is quite easy to obtain shares off market if you have the BTC, and you will happily sell at a loss if your sole objective is to slow down a competitor. |
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okay kslaughter, don't be greedy, bitcoin's exchange rate has appreciated again, drop the bid wall again to reflect that
This has already been discussed, the ask wall will be removed entirely, soon. great thanks, this wall is only on BTCT.co currently? It isn't on AMC-PT on Bitfunder, nor ActiveMining on Bitfunder There is a small wall on BF ActiveMining at 0.0025 ...and since 1 or 2 days there are some people who dont want the price going up to 0.0025 on BF it seems. The wall between 0.0021 and 0.0022 ist filled up every few hours again. Spot on. If I were a rival company feeling threatened by upcoming competition from ActM, I'd want to slow down ActM's ability to raise capital by placing lots of sell orders below 0.0025. If you watch the behaviour closely, it's the obvious explanation. Most flippers keen to take an early profit on shares bought at 0.0005 - 0.001 have already done so, which leaves the manipulators as the only sellers. The news from ActM is better each day, so there isn't really a sensible reason to be selling at this point. |
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Conversly, look at the amount of chips inept BFL was able to sell, and we all know the sentiment carried for that POS. People are ASIC crazy, chip sales will be high
I think the ASIC craze will die down quite a bit after many miners fail to reach their ROI in the coming months—the massive increase in difficulty may squash late order BFLs, block eruptors, and the latest asicminer blades. However, there will always be an enormous demand for the newest, fastest, most efficient mining tech. At some point people will realize that unless they go directly to the most recent die shrink (currently 28nm) they are just throwing money away. Asicminer's and Avalon's 110nm tech is from ~2003, BFL's 65nm is from ~2006, Bitfury's 45nm is from ~2008. The current 28nm tech is from 2011-2012, with the next one being 20nm in ~2014. Targeting 28nm from the get go is the only thing that makes sense at the moment, since it's the only one that guarantees you'll have the most time available to use the equipment until it stops being profitable. Sadly this thinking destroys companies. First to market trumps technology currently. Eventually it will be cut throat enough where Power Consumption plays a key role but that won't be for a while. I'd rather have 1 TH right now consuming 10,000W vs 1 TH 3 months from now consuming 1,000W. If the time to make the chips is the same (or very close) regardless of nm size then I would opt for the better one. I don't think anyone is suggesting ActM has a binary game plan that requires x TH to deploy now or x TH in 3 months. ActM will continue to build, sell and deploy miners as the months unfold, to keep up with and challenge the increase in difficulty we all see coming. In other words you are not buying a fixed TH mining bond with this asset - you are buying an *active* mining company. |
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IMO pre-order without having actual hardware to sell will result in another BFL fiasco.
Few ideas:
1. Cheap NRE at 45 nm or 40 nm instead of state of the art 28 nm. How much will it cost and what are the downsides?
2. Investors (shareholders) vote to decrease dividend to just 10% profits for the next 3 years. This will create growth fund for future expenses. In the real world no start up pays any dividend for many years.
-Technologov
0. You'd have to work quite hard to replicate the BFL fiasco. It isn't likely to happen with ActM. 1. The only thing holding back 28nm is capital, not technical hurdles. The capital *will* be raised, it is only a question of how best to do it and how quickly it can be done. 2. Dividends of 0.0025 BTC / share is absolutely doable, as the likes of ASICMINER have shown. This isn't the real world, so we shouldn't feel constrained by its norms. |
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You need to speculate to accumulate - I'm buying another lump of shares, if we all chip in a little more now we will see results sooner.
Chipping away at the wall helps, but I'm now convinced that pre-sales are the way to go. I suggest a small batch of miners tendered for sale Avalon style, with the sole intention of raising funds to complete payment of the NRE. If the purpose of this sale and a reasonable estimate for delivery is provided, I could see them selling out very quickly. Refund requests would only be accepted after, say, 30 days. A second, larger batch could be offered for pre-sale, clearly marked as contingent on the successful manufacture of the chip, with the option for a full refund on request. |
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Figures look good, how many BTC are needed for the NRE?
~10,000 @ $100 Bitcoins. However, we have had a lot of expenses in July getting our Prototypes built (Engineering NRE and Deposits) , plus paying for the assembly of the 68 Klondike boards. Also, having to exchange bitcoins @ $68 to pay some expenses did not help any. Do you think focusing on pre-sales of miners might be the best way to raise the additional ~7500 BTC needed for the NRE? |
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Our Plans For Shares and the NRE:
When we reach our goal of funding for the NRE from any of the following sources (shares sales, machine sales, chip sales, private funding, mining, loans etc) with a bit of leeway for other expenses, I will make a post here in the thread and then take down the wall immediately.
So, when do you guys think/hope the wall will come down and what do you see the price doing in the 24-48 hours following the removal of the wall? Im thinking Ken is looking at this coming down very soon, next 5-10 business days, and in those first 24-48 hours we will see a bit of a feeding frenzy There are still some 500,000 shares on bitfunder below wall price that Kenneth has no control over, so if Kenneth removes his wall then this secondary wall set in place by shareholders will have to be eaten through first before we see any significant rise in share price. I'm guessing at least some of those Asks are there to slow down ActM ie to prevent Ken raising the capital he needs as quickly as possible. If that is the case, the owner(s) could capitulate and remove them, or if they are genuinely keen to cash out, relist with a higher Ask to maximise the sale? That right there is the stupidest thing I have read today. Congratulations son Why is it stupid? I'm genuinely interested in why you would say that. |
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Our Plans For Shares and the NRE:
When we reach our goal of funding for the NRE from any of the following sources (shares sales, machine sales, chip sales, private funding, mining, loans etc) with a bit of leeway for other expenses, I will make a post here in the thread and then take down the wall immediately.
So, when do you guys think/hope the wall will come down and what do you see the price doing in the 24-48 hours following the removal of the wall? Im thinking Ken is looking at this coming down very soon, next 5-10 business days, and in those first 24-48 hours we will see a bit of a feeding frenzy There are still some 500,000 shares on bitfunder below wall price that Kenneth has no control over, so if Kenneth removes his wall then this secondary wall set in place by shareholders will have to be eaten through first before we see any significant rise in share price. I'm guessing at least some of those Asks are there to slow down ActM ie to prevent Ken raising the capital he needs as quickly as possible. If that is the case, the owner(s) could capitulate and remove them, or if they are genuinely keen to cash out, relist with a higher Ask to maximise the sale? |
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Our Plans For Shares and the NRE:
When we reach our goal of funding for the NRE from any of the following sources (shares sales, machine sales, chip sales, private funding, mining, loans etc) with a bit of leeway for other expenses, I will make a post here in the thread and then take down the wall immediately.
So, when do you guys think/hope the wall will come down and what do you see the price doing in the 24-48 hours following the removal of the wall? Im thinking Ken is looking at this coming down very soon, next 5-10 business days, and in those first 24-48 hours we will see a bit of a feeding frenzy Hard to say when the wall will be removed - hopefully soon! When it goes, I could see the price double quite easily, with spikes going much higher in the first few hours. I'm guessing it will settle back to 0.005 then gradually rise on its way to 0.025 as dividends are paid and news of sales or chip manufacture comes in. |
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Our Plans For Shares and the NRE:
When we reach our goal of funding for the NRE from any of the following sources (shares sales, machine sales, chip sales, private funding, mining, loans etc) with a bit of leeway for other expenses, I will make a post here in the thread and then take down the wall immediately.
This is a bit of a heads up as to potential short term price rise. When the wall comes down price won't hang around. I'm thinking we will see the most dramatic action with AMC-PT on btct.co. Not sure how BitFunder will react to dramatic moves on btct.co, though. It will be interesting to find out. |
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Some reports and more info will be nice.
Yes, it would be nice. However I don't see you bolding large parts of your post and demanding info like a spoilt brat. Which is the difference between you and Eskimo. |
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