Is there a case to argue that if an improved website was to be made to work then it would generate more than 8x advertising spend?
Yes, but you do not know that it will do that. Also, there are a lot of back office functions that we use that are not in the lewicki site. Ken. A list was produced by one of the board members yesterday, and its generally felt the questions raised need your time and focus. When are these necessary issues going to be addressed? |
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So are you saying that the current rate (~.18)is overvalued?
I am buying mining bonds on the assumption that I will get at least the same amount back over the next 6-12 months with hopefully some profit at the end. The only thing that could really screw things up is if the BTC to USD rate crashes and doesn't recover. There are a lot of mining companies about and I have shares in a few to spread the risk. All the mining companies I invest in have a re-investment scheme to keep the bonds paying out over the long term. Lets hope Lab_Rat can keep ahead of the curve!
How do you envisage attracting the same amount back when you are currently receiving ~0.6% a week (based on 0.18 share price), compounded by whats about to happen within the mining world (+++magnitudes of increases)? |
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Crumbs. Wash your mind out with soap n water!
But crumbs, seriously, show us something creative for a design?? You can go back to what you do, straight after.
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Where are the monthly accounts?
Discussion of the website which still has bugs and (IMHO) looks poor. That impacts people's impression and could impact sales.
What's the situ with the Avalon refund and what will happen to it?
Improved communication with shareholders - hopefully a pr guy will sort that.
Improved press coverage. Pr guy again.
Clearly post the approx schedule as I did (it should have come through pr or ken last week).
Will there be an open source board design? That could help chip sales.
Etc.
This sort of thing as these were either promised or could materially affect the profitability of the company. Not micromanagement details which would always be a frigging nightmare (NDA issues, competitors, keyboard warriors, time, etc).
I'm not saying these are good or bad, they're just legitimate questions.
Yeah ok. The first two questions would be good to focus on. When can that be achieved by? As far as communication goes, i think you are fielding it really well (in particular, the explaining of your position/distance) so maybe you should do it. Although, whoever does it, appears to need the skill to snap Ken out of this 'leave me alone to do it, i know what im doing' martyrdom nonsense. |
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Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.
No company needs or wants (or often legally is able) to disclose internal project management documents and provide task details etc which is what EskimoBob is asking for. If this were a 'regular' company, it would not be any different. ActiveMining aren't looking for investors. If they were then they'd have to decide what to release and some of this would be different. Neither you, I, nor anyone else has any say in the running of the company. We are not VCs or Angels, we're people trading in shares. It seems some people genuinely don't understand what they're actually trading in. The core plan was laid out, people invested, the plan is being followed. So I have to wonder why certain people keep dredging up the same trash instead of things which have legitimate questions. What legitimate questions should we be asking, ffssixtynine? |
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EskimoBob, you're mostly asking questions only VC's or Angel's get to ask (and under strict confidentiality clauses at that).
If you want to invest a big wedge of cash with Ken directly and as a private investor, you can require access to those details. As someone with a virtual share, no. Nor do I have access, nor does anyone other than the company execs. So contact Ken directly and offer him $500k+ and you'll have your answers. Kidding, but you get the idea.
I'm not going to answer this one again as I've done so at least once before, if not twice.
You/Ken are just avoiding pertinent questions by making shit up, and making excuses as you go along now.  The request for a more meaningful and scheduled plan (with achievement dates) still stands. |
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You fail to realize that not only is ActM selling chips in addition to hashing, we are going to need people mining for the entire life of bitcoin. There may be different implementations of this in the future (a hashing chip in your car, for example.) But there will always be a need for chips. Sometimes it will be profitable to hash, sometimes it will not. People will make that decision at that point. Any company around now that can continue being a leader in chip production/distribution is going to have massive profits for a long time.
I realize that miners will exist the entire life of bitcoin -- that's sort'a *defines* bitcoin's "aliveness."  Not sure what you mean by "a hashing chip in my car." Are you suggesting that electricity generated by burning gasoline is cheaper than the stuff i buy from my power co? And sure, people will mine with whatever while it is profitable. Mining with GPUs is already *un*profitable, so even a free GPU is mining at a loss vs. energy costs, a million GPUs would compound that loss a million-fold -- DO NOT WANT. Which part of my argument do you find flawed? What do you think is going to happen to all of the current generation of technology when it is outpaced? Trash-bin? If you ever visit NYC, don't be shy -- look inside one of those 40-yard dumpsters -- that's where the gear goes. When the price of the hardware is essentially a sunk cost, the only profitability mechanism is the relation of power to hash rate. But it's more complicated than just 'hash rate', what we really mean is how much bitcoin you can mine and for what cost? But the current price of bitcoin affects that. So it affects the entire equation. So if bitcoin is worth a substantial amount in the future, and power costs are essentially nothing, mining with today's current gen tech is technically profitable. I suppose to think so would have to put faith in bitcoin's continued increase in value.
The point is power costs are not "essentially nothing," and hosting space does cost money, even if it happens to be your spare bedroom. If bitcoin value continues to rise, please don't assume that no new players will enter the ASIC field -- they most certainly will, with more efficient, cheaper chips. We're not at some ASIC terminus -- next gen is *already being developed*. Your chips will be in as much demand as 8088 cpus. I mean that they could become so ubiquitous due to improvements in size, etc that they could be embedded in practically any piece of electronics. Who knows what the future will bring, though?
Mining bitcoin with GPUs is unprofitable.
Why would miners be added to other devices? I understand stuff like "let's add a clock to a radio, they both live on the nightstand," but a miner in a car? That's like adding a blender to a flush toilet -- why? Why not?...its called a macerator ...... https://www.google.co.uk/#q=macerator&tbm=shop |
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You fail to realize that not only is ActM selling chips in addition to hashing, we are going to need people mining for the entire life of bitcoin. There may be different implementations of this in the future (a hashing chip in your car, for example.) But there will always be a need for chips. Sometimes it will be profitable to hash, sometimes it will not. People will make that decision at that point. Any company around now that can continue being a leader in chip production/distribution is going to have massive profits for a long time.
I realize that miners will exist the entire life of bitcoin -- that's sort'a *defines* bitcoin's "aliveness." Not sure what you mean by "a hashing chip in my car." Are you suggesting that electricity generated by burning gasoline is cheaper than the stuff i buy from my power co? And sure, people will mine with whatever while it is profitable. Mining with GPUs is already *un*profitable, so even a free GPU is mining at a loss vs. energy costs, a million GPUs would compound that loss a million-fold -- DO NOT WANT. Which part of my argument do you find flawed? What do you think is going to happen to all of the current generation of technology when it is outpaced? Trash-bin? When the price of the hardware is essentially a sunk cost, the only profitability mechanism is the relation of power to hash rate. But it's more complicated than just 'hash rate', what we really mean is how much bitcoin you can mine and for what cost? But the current price of bitcoin affects that. So it affects the entire equation. So if bitcoin is worth a substantial amount in the future, and power costs are essentially nothing, mining with today's current gen tech is technically profitable. I suppose to think so would have to put faith in bitcoin's continued increase in value. I mean that they could become so ubiquitous due to improvements in size, etc that they could be embedded in practically any piece of electronics. Who knows what the future will bring, though? Mining bitcoin with GPUs is unprofitable. Gavin Andressen commented that thought, on a recent edition of LetsTalkBitcoin. He suggested that ubiquitous chip use (phones/TV's/consoles, etc) may address the problem of mining co's centralizing too much. |
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Ken has agreed to take on professional PR. That may include dealing with shareholders and the PR account (depends who does it). Finally  I vote EskimoBob. |
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What if we attempt to be more constructive?
At the moment, Actm need to clean up this PR mess. Clearing up this mess, will clear up a lot of other BS.
So, I propose the following (this is addition to what ever you guys are doing over there):
1 Make a short term list for the next 2 weeks (all tasks must be fully completed in next 2 weeks) – [publishing date]
1.1 get the accounting in order – [date]
1.1.1 and publish financial statements – [date]
1.2 Get the project plan in order and give short but clear statement to shareholders (do not hide fuck up's) successes, failures, status of failures as of now – [date]
1.3 publish the updated roadmap for next 3 weeks – [date]
1.3.1 and 3 months. – [date]
1.4 Publish a list potential risks involved at current stage and what is your estimate for those risks to materialize (0%-100%)
Can you do all that in one week?
(this is actually 1-2 days, with <40% workload, worth of work, unless this is the first time)
Seconded. |
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I wish they had some guys on the advisory board with actual real life experience in project management, finances and running a real life business. So far, they are either clueless or just can not get their point across the table - a.k.a inexperienced a.k.a clueless. or they just do not give a shit... as simple as that. Sorry, but as of now, I have no reason to believe otherwise.
The guys on the board do have experience thank you, but we do not run ActiveMining. You need to stop confusing us with the company management. If you have issues with Ken's business skills, you need to take it up with Ken and not us. He has a PR guy. If this guy is sitting on his hands and waiting for engineering or management to spoon feed him news... LOL, he has obviously never done this job for a real life company. Keeping a blog will not make anyone into a journalist or PR expert. It's his job to squeeze the management for news. Not us, VC's! (Yes, I called all the shareholders VC  BTW, what happened in last "Monthly Shareholder Meetings" (see https://bitcointalk.org/index.php?topic=254930.0) He doesn't have a PR guy. Streets had volunteered to post under the PR account because Ken's not very good at expressing himself but at no point was he anything to do with strategy or hired help. We've asked Ken to hire a PR guy and are busy chasing that one up. He's stupidly busy at the moment and needs some professional help. This is also why we can't organise any meetings at the moment. re: Logo. We bought the original one but VMC chose to do their own. When it comes to web/branding, Ken goes his own way for better or worse. Stupidly busy with what? Even though i believe that, there is absolutely no supporting evidence he is doing anything, as far as this thread is concerned. If your inward-facing other board members have communicated with Ken and his current activities, then lets hear it. |
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I haven't been able to follow exactly everything that has been going on.
Whats the negative points for ActiveMining? They are using eAsic which is a well established company that generates different types of asic on a daily basis, their foundry is Fujitsu.
What exactly is bad about the company so far?
Problem is, nobody knows. Maybe everything is OK. We do not know! Kens and Co refuses to publish regular statements and we have no idea, what is going on with finances of Actm and it's whole owned subsidiary. I am almost 100% sure they have not hired a CPA or if they did, he/she is either kept in the dark or he/she is a total moron. Why do I say this? Because of bull shit excuse how NDA (covers some parts of the eASIC deal!) will not allow them to publish the balance sheet and PL statement. LOL, this is absurd. Nobody knows how: 1) how much BTC was converted 2) at what price 3) how much money is spent per month so far 4) how much is spent and will be spent on fixed expenses etc. We have no idea what this Co is worth now because there is no information. We can not _predict_ the future value of this Co. because there is no information to base the predictions on. You can not build the roof if you have no foundation and walls. You will see few morons popping up an telling how they did their research but never telly you what it actually was and where did they get the numbers to put a value to Actm. For some stupid reason, I still believe Actm can pull it off but what bothers me the most, is this shitty, or more precisely, non existing communication and hiding. Fuck cheerleaders (both sides, from "Oo success!" and "Failure!" teams) and clueless sock puppets, clinging to cheerleaders. They are clueless and useless. It's all emotions without any facts. As you can see, 90% of this thread is total bullshit and mostly irrelevant. Why is this pile of crap called "The Official Active Mining Discussion Thread" is beyond me. If project team (Ken and Co) can not write up a short weekly project report of their successes and failures, they need a more qualified project manager. BTW, good programmers, excellent engineers etc hardly ever make a good project managers - this is a fact. So, dear advisory board and the self appointed management. If you can not demonstrate even entry level project/team management skills.. wtf do you expect happens in this forum thread? People get nervous! You took our money and now you give us silent treatment. WTF! Seriously? BTW, this starts to remind me Evorhees and his fkn gambling site fiasco (and several other fabulous fuck up's from self appointed and anointed CEO's and portfolio mangers etc) Seriously Ken, get your act together and start talking. What he said, with bells on. ^^^ Are shareholders able to raise/force any motions? |
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I haven't been able to follow exactly everything that has been going on.
Whats the negative points for ActiveMining? They are using eAsic which is a well established company that generates different types of asic on a daily basis, their foundry is Fujitsu.
What exactly is bad about the company so far?
Some investors and forum users... ....A meaningless board, and some random bloke called Ken..... |
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nice to see someone putting their money on the line! 30K buy wall.
as of now, 16147 15290 is left of it. Where is this PR guy. Can't he manage a regular statement of how things are going to calm tfk down this market? How hard is this: PR guy: Ken, whats up Ken: We are on schedule and proposed dates are all OK PR: Are you sure? If yes, I'll write up a 50 word statement Ken: Yes and I like to see it before PR: Done There is no CEO on this planet who is "too busy" to get this done. If there is, fire this idiot at once because he has no idea how to manage his time. Unless the conversation goes: PR guy: Ken, whats up Ken: We are fucked and I have no idea WTF to do (5 min of whining and excuses) I think we need a project manager so we can blame him later PR: OK, what you want me to do, because I have no idea ...5+ min of excuses Ken: lets be quiet blaa bla NDA a blaa blaa blaa PR: good idea.... blaa NDA blaa blaa Couldn't have expressed it better myself. |
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Discuss things, here? You've had too much Birthday cheer, already! It's not even 10am here. I have yet to begin to defile myself! At that time of day, we say 'hair-of-the-dog! |
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<sigh>
Crickets then? There were questions in there, I did not intend them to be rhetorical.
Discussion board...or cheerleader vs troll battleground. You decide.
Just because somebody says something that's counter to your financial position(and theirs) does not mean they're trying to spread FUD, troll, or manipulate. Can we at least entertain the wild notion that some wish to discuss things? ...at least some of the time?
Discuss things, here? You've had too much Birthday cheer, already! |
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A route for non-bitcoin customers, maybe........ http://www.bitcointrezor.com/The trezor hardware wallet is great until you lose it, we want to ensure that as little of a conscious effort as possible has to be made by our customers towards security above and beyond what they are already subjected too.Also, stumbled on this, and see parallels possibly (although im still trying to understand the legitimacy of these, if any?)....... https://www.bitmit.net/en/shop/c/23-money/8-credit-cardsWe will not be offering anonymous anything, one of the biggest concerns from the regulators was the misrepresentation that Bitcoin is completely anonymous. Once we explained this in detail, they are much more receptive to the idea. Will you have a recognizable presence/sponsership at the Amsterdam Conference? I am speaking at the conference.Look forward to hearing you. Can you just explain the context of ......"We have spent the last 12 months making the necessary contacts with both regulators, government officials and key influential groups such as those now challenging the EU over the bail-ins".......... Were there really Bitcoin-Cyprus discussions, this time last year? |
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What's up with the price drops?!
Do the maths on your div returns vs purchase price, and then project what increases will be necessary in hash rates, to satisfy your weekly return needs. The figures currently, are extremely poor to many, where even tripling current rates just dont cut it. Try X10+ |
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so Adam dreams away...  Where can i get this new Bollinger Band indicator? |
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