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Any specs yet for 28nm? I am hoping for 100GH/s at least, otherwise I'll never make a million from this.
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FYI - in addition to the 7 questions I posted before, I asked Ken about the 10.488 TH miner he announced and this is the reply:
One more:
8. you said most recently that the 7-unit (7x 4U units) miner was going to be 10.488TH. then you released that the boards for the 55nm chips will only hold 24 chips, which would mean 45.6GH per board, so it would need to have 33 boards per 4U box. is that 10.488TH still the official figure?
The 10.488 TH/s System is 230 cards in 2 42U racks. 1 Base unit with 5 cards and 15 expansion cases daisy chained together. Are those specs good or bad? |
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When can we trade? I wanna put up another 0.0005 wall!
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I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
That was my conclusion, that Ken really needs this 100 bitcoin. |
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Isn't it about time we are given back our shares and allowed to trade?
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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. A simple calculation taking into account the several month wait time and the rising difficulty shows we would need at least 5,000 TH/s to make 25,000 bitcoin. You are correct, the 28nm are required to make our 0.0025 back, as the 55nm cannot do this unless ken is planning to run 2 million of those chips! 2 million! 2 million!! OMG! |
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Just me or have ukyos shares been pulled?
Right now 77,000 have been sold and about 86,000 are on the order book. So we are missing about 70,000 of UKYO's shares. |
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Guys lol.. There is no fire sale, because there are no buyers.
Haven't 20% of the shares been sold already? Am I missing something? Yep, and only 6.72 BTC being offered for the remaining 80%. This is a terrible argument, demonstrating a terrible understanding of exchanges and the current situation. Duffer, people can buy shares without having to sit them in the order book. That 6.~ bitcoin has been stable whilst 25 bitcoin has moved in purchasing UKYO's shares. Obviously that 6.~ amount does not reflect the entirety of the situation. |
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I don't understand how they would sell at that price. Are they worth 0.0001 or not?
If Ken had put up 40,000 and reinstated our shares, with good news I reckon Ken might have been able to sell them at 0.0025 within a month or so. However with this curveball, (A panicking CEO trying to get 100 bitcoin as soon as possible) confidence is eroding away even for the most loyal of investors. The way the 100 bitcoin situation is being handled does not bode well for how our company is being handled. I had some confidence after Ken's update and Bargraphics report, but this just shits on the cake. |
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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. $80,000 is not a lot of money, if you look into the risk/reward analysis of the situation it's not worth the effort. Ken makes the company look even worse, pisses off hundreds of people already pissed at UKYO who may now threaten legal action against ActiveMining. That $80,000 is not even enough to follow through a solid legal defense, what a waste! In addition some perspective is needed, the 100 bitcoin represents 0.000004 per share and shows Ken's hand. He must desperately need that 100 bitcoin to take such an immense risk. What if Ken was to sell 40,000 of UKYO's shares at 0.0025 to make back the 100 bitcoin? UKYO keeps 180,000 shares to do what he wants with and Ken does not devalue his investors shares. Everyone wins. |
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To me this is a great deal even if AMC has just the 6 avalons running and thats it.
0.0005 values ActiveMining at 12,500 bitcoin. Those Avalons will mine another 10 bitcoin before they are put in the trash. How is this a great deal? 0.0000004 per share is a more realistic deal, this value takes into account our expected hashrate from the Avalons. |
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So yes, I know what I'm talking about
Fair enough, I'm a little worked up at the moment, this stupid move selling UKYO's shares for 100 bitcoin is insane. |
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Ken is trying to do it, no matters whether it will succeed or not, he could lower the price again.
Ken is trying to fuck everyone with shares that he doesn't own, crashing price for his shareholders and stealing a possible way to get some money back to weexchange users.
If this last part could be used against Ken in the legal action against Weexchange (I'm still not sure about it, I'm researching), we'll do it
Everything you said here makes sense. Guys, we are on the wrong side of the argument this time. This chaos over the stupid 100 bitcoin is such a misdirection it's not even funny. It's almost as if it was planned... |
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By the way, the panic buying will get us down to 140,000 at most. Unfortunately this wall will be with us until the end.
Soon people will freak out and start putting up 0.00049 walls and Ken will be forced to keep moving the wall lower and lower. I expect panic in the next few weeks because people who expected the wall to sell out realising their mistake. Once they do all those 0.0005 shares people bought will be moved down forcing Ken's "firesale" to either end or go to the next bargain level.
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As a user affected by the weexchange mess
By the way, if you believe the weexchange is a mess then you're delusional and should probably stop posting. UKYO stole funds and lost, he stole your money so stop defending him. An exchange never needs to run a fractional reserve. The fact you call the theft a "mess" shows us all you don't know what your talking about. |
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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. Ukyo said more than once that he intended to liquidate shares to partialy refund weexchange users. I don't know if he is in good faith, but in this way Ken is fucking one of the few hopes we have to get some money back. He doesn't have rights on those shares more than the other weexchange users, so this is a very unfair action. I hoped that Ken would have sold the shares at higher prices to five the differences later to Ukyo or weexchanges users, as he stated here in a Pm with Ukyo: The shares have a lien on them. You are hereby notified that if the ~100 BTC is not paid in the next 10 days, we will sell your shares to the public to satisfy your debt to the company. Should the shares not satisfy your debt to the company you will still be liable for the remaining debt. Any amouts over the debt will be disperse to you less any cost of the sale.
but now that with the current prices he only can earn 100XBT in total, there will be no "amounts over". As we speak things are moving for a legal action against weexchange, I need to investigate if it is possible to include Ken Slaughter and Active Mining in this action. You're right about one thing, and wrong about another, let me explain. You see it's wrong for Ken to be ruining your chances of getting Bitcoin back by selling all those shares in this fashion, this entire ordeal has been a joke and it worries me that Ken is ok with ruining the companies reputation further by proceeding. Lets get real, why is Ken obsessing over this 100 Bitcoin? Is our financial situation so bad that we need that money? I have an idea Ken, sell several million of the 15 million restricted shares, because they are restricted you should price them at 0.00005. (selling 10 million still makes us 500 bitcoin) Call it AMC-R and run it alongside AMC on the CT exchange. Back to you Mr Pom, as I said you're right about Ken doing this the wrong way, however you're wrong about this damaging UKYO's chances to give back the Bitcoin his stole from you. Those shares would never sell above 0.0005, in fact with all things considered that's too much of a premium. Look guys and girls, I was hopeful with Ken's latest update. The roadmap was worse but it might have had a chance, however my faith has waned since we are now having to watch the share price crash and Ken make out with the last Bitcoin as we all watch with no control. With our shares being so obviously used against us I now question Ken's loyalty to his shareholders. |
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Ken, we all know the reason we are not allowed to sell is because we are all going to sell lower than you.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
I want to trade my shares.
Come on Ken, stop being greedy, I want to sell too!
I estimate price stabilization at 0.0001 once we are unchained.
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As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares. So, once the accounts are created then trading will start.
Ken, WHEN is this happening!? Could you commit yourself to at least this one date in front of your shareholders? Yes, I will be working on this the next few days. I don't see to many problems getting it running ASAP. So what exactly did you achieve in the "next few days" since the 31st? Soo, any more holdups? Oh right, Ken is asking for one last favor: Just let him sell shares that he holds exclusively, excluding all other shareholders, profiting from the biggest idiots buying at the highest prices. Just one last time... He knows exactly that this clusterfuck has no future and is trying to get the very last coins in. While all of you hold still, standing at the sideline, watching. But you can be sure he adds them to the "balance sheet" (lol?). Oh no, it's for legal fees. If Ukyo sues. Or maybe he will pay all of it out as dividends? Oh wait... You make it sound like we don't mind! I hate hate not being able to trade my fucking shares its making me depressed and running my mental stability. But it doesn't matter!!!!! Nothing matters. We will only trade when we are allowed to no matter how much we kick and scream and see our futures get flushed down the toilet. This situation is ruining my entire life. |
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Ken.
If you believe in active wouldn't you hold the shares to make the dividends back? Why are you so desperate to make 100 bitcoin right now?
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$1.03/gh cost to hash isn't bad at all....
Right now it's fine, but will it be fine in 4 months? |
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