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201  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 07, 2014, 06:49:17 PM
How about the dividends? Are they accumulated and then paid out once exchange is up?

The dividends have been stored here:

https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

They have been relatively flat but now we are putting more power online we might see more.

I don't remember if we get all the dividend from this address once we are trading, some must be used for reinvestment.

Technically after a very informal vote. 50% of the Dividends are going to go out to public shares and 50% into reinvestment (This vote was back in November though the choice is solely up to Ken). Lately there has been a movement to have 100% of Divs/Mining Profit to go into reinvestment until we are at a comfortable place of growth.

If you have an opinion on either path please feel free to state it. Though the decision comes down solely to Ken.



with all due respect:
Technically there's a lot of discussion in here as to how to run this business when in reality none of us have any say whatsoever.

Yup, I think we've all figured that out though it was perfectly clear at the start of this company.
202  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 07, 2014, 06:43:20 PM
How about the dividends? Are they accumulated and then paid out once exchange is up?

The dividends have been stored here:

https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

They have been relatively flat but now we are putting more power online we might see more.

I don't remember if we get all the dividend from this address once we are trading, some must be used for reinvestment.

Technically after a very informal vote. 50% of the Dividends are going to go out to public shares and 50% into reinvestment (This vote was back in November though the choice is solely up to Ken). Lately there has been a movement to have 100% of Divs/Mining Profit to go into reinvestment until we are at a comfortable place of growth.

If you have an opinion on either path please feel free to state it. Though the decision comes down solely to Ken.

203  Economy / Securities / Re: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] on: April 07, 2014, 05:40:34 PM
I would just like to say that even if a regular consumer can not buy this cooling unit (fan thingy) you guys are now concerned about. Bargraphics apparently has a very big mining operation he is doing himself. I can understand him having the means or connections to acquire the cooling unit or having one on hand. He seems to have the most random of connections.

204  Economy / Securities / Re: NEO and BEE talk (unmoderated) on: April 06, 2014, 08:23:04 PM
How many times have I told you that I have several accounts?  Why is this still a novelty to you?

What are you even doing here?

Do you really have such a boring life that it is more entertaining to constantly troll bitcoin securities forum day after day after day after day?

Do you admit that you are crumbs? He is the only other person in bitcoin history who dedicated so much time to trolling.

If you don't get paid for this shit I feel sorry for you..

Not invested in this, just a fun thread to read while I study. Anyways, if you see him post a My Little Pony picture then he is crumbs. As that is the only person who post those pictures in this securities section, it's usually the same picture with that pink or yellow or w/e horse too. No need to ask, it's pretty much certain it is crumbs.
205  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 06, 2014, 04:11:14 AM
If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

Just remember one thing, all money that gets paid out as a dividend will never ever return to ActiveMining, the company had its IPO and it's unlikely to have a third one.

I have no problem with the ROI funds sitting in a wallet for months. Worst case scenario Ken one day closes the company and pays out the wallet funds as a final dividend.

If we have 1000 bitcoin, and then use all of it for 5,000 boards/chips, now after 3 months we have ROI, so now we have 1000 bitcoin again, this is good. Now 50% goes back to the company and we the shareholders are getting profit from the dividend.

It's profit because the company is no longer losing value. The warchest is the same base it was by the time we get a dividend so our share value remains constant as we get paid out profit. In fact the value of the share shall rise because of the 50% reinvestment.

Now if Ken pays out funds before ROI, the shares MUST fall in value because capital is being lost back to shareholders (This isn't sustainable either)

The whole point of buying hashfast was to make profit. So that in the future both ActiveMining and the shareholders will be better off. If we pay out before ROI we risk ruin by taking valuable capital away from the company.

This hinges on Ken making the right decision everytime and things always working out. We still don't know how much we lost on the eAsic deal or the 55nm deal. This is also money ActiveMining will never get again. What's the point of throwing money at stuff that won't stick, it would be better served paying Divs
206  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 06, 2014, 03:46:24 AM
I'm 100% For us Reinvesting 100% until we're in the black, but before this considered by Ken I ask that he has a set game plan out for what to do with this money. If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.
207  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 06, 2014, 03:33:04 AM
Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate.  1) Available power, we have to install step down transformers, power panels and outlets in each rack.  2) Available funds for mining boards, power supplies, coolers, cables, etc.  3)  The amount of time it takes to install a working miner in the rack.  4) The amount of time it takes to tweak the miners for maximum performance.  5)  Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.     

You mention "using our calculations we have enough power and cooling for 1,069 TH based on electrician's estimate." But what about Funds. (2), do we currently have enough Funds to raise 1,069THs?
208  Economy / Securities / Re: 7%-20% return! Looking for serious investors! on: April 05, 2014, 10:53:37 PM
We are looking for serious investors to join this lending startup!
In return you will enjoy 7%-20% return on your investment.

Basically we are offering shares on the startup!

If you are interested PM me.

Any kind of legal guarantee you will ask, we will do our best to provide.



No one wants a legal guarantee.

They want collateral they can resell for the value of the loan when you decide to not repay.   Undecided

Actually If I could have his first born son and his soul in 10 Years then I will gladly give him all that he desires.
209  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 05, 2014, 07:57:03 PM

And what happens if we hold 4% of network and BTC is at 25k in two years??


Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?

I would be more than content with that div/share price. That's a really high div/share IMHO.
210  Economy / Securities / Re: Neo & Bee talk (spam free thread) on: April 05, 2014, 01:46:32 AM

Go to reddit.com

An AMA means 'ask me anything' and is usually an attempt at getting someone famous/in the public eye to respond to questions.

Got a more exact link?

www.reddit.com/r/Iama
211  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 04, 2014, 02:24:05 PM
1. Take the 3.5ph being manufactured this month.

2. Mine with it.

3. Reinvest half to build more machines and pay off your dues.

3.1 Higher some GREAT engineers (Build a very knowledgeable team).

4. Keep adding hashrate to keep up with difficulty, add some miners to the store.

5. Miners will sell as people see the machines actually work.

6. Rinse repeat

7. Do not forget to keep research and development up.


212  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 04, 2014, 02:10:10 PM
https://bitcointalk.org/index.php?topic=511457.0


legit?  Maybe Ken could be involved in the rehabilition?

I will have to say that Ken avoid this. Let the legal system do it's job. Who knows what these Karpeles coins will be worth, I mean they are now named after the one of the most hated people in BTC right now.
213  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 09:05:05 PM
Alright guys,

Got the wires in, plugged them into the board and then into my laptop. Powered it all on. Downloaded latest CGMiner (BFGMiner didn't recognize the device) downloaded WinUSB Drivers and it's hashing right away, no issues so far.

You can see progress here http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL


If you look under workers it will be called Prospector1 - Give it time (like 23 minutes) to get a decent hashrate going on the chart. It will look really low until it has been up for the full 23 minutes.

I am not a afraid to admit that I am a complete newb/noob/ignorant person when it comes to mining and let others ask the questions about it. I understand the Increase and Decrease in difficulty, etc though. But is this a profitable buy for you with BTC price at what it is today? If so do you or anyone else have any estimates on profit?

Thanks.

Its better to buy with fiat at the moment .

I have no plan to mine in the near future. I am just wondering if this is profitable buy for miners at the moment. Otherwise I don't see us selling them.
214  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 09:00:02 PM
Alright guys,

Got the wires in, plugged them into the board and then into my laptop. Powered it all on. Downloaded latest CGMiner (BFGMiner didn't recognize the device) downloaded WinUSB Drivers and it's hashing right away, no issues so far.

You can see progress here http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL


If you look under workers it will be called Prospector1 - Give it time (like 23 minutes) to get a decent hashrate going on the chart. It will look really low until it has been up for the full 23 minutes.

I am not a afraid to admit that I am a complete newb/noob/ignorant person when it comes to mining and let others ask the questions about it. I understand the Increase and Decrease in difficulty, etc though. But is this a profitable buy for you with BTC price at what it is today? If so do you or anyone else have any estimates on profit?

Thanks.
215  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 02:44:51 PM
Who needs gox, or bitpay or anything.

For tax liability reasons Ken has likely been advised that he can only accept payment via company deposit accounts which have a solid paper trail for IRS inspection.

Is there anything more solid than the blockchain?

Paper is pretty solid, and rather tangible I must say. I have a piece in my hand right now.
216  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 04:53:50 AM
@DeadwoodDan If you are going to call someone a scammer then please provide proof. I can safely assume that most of us are from the US. In this country it is the job of the accuser ( This would be you ) to prove the guilt of the defendant ( That would be Ken and the people he claims to work with). You have not done that and if you had proof then you would have provided it to the police and Ken would be in jail. You are basically claimimg your gut feeling of X/Y/Z proves he is a scammer or something to that effect at this point. If this is the case you are free to no longer participate in this company or thread anymore.

If you are waiting on your shares you have had plenty of time to contact authorities/get a lawyer which I can safely assume you haven't done because they would have definitely advised you to stay off the forum. So you might as well just sit back and relax, or contact authorities now.

You can also post some self righteous stuff about how you are trying to help the bitcoin community at large get rid of scammers which is all well and good. But please understand that the moderators will delete your post. It seems that it is unwarranted and unwanted.

  • Is that against the law? - No
  • Is it against the rules of this thread? - No
  • Is it against the wishes of the moderators who moderate this website? - No
  • Is it against the rules Theymos set in place for this website? - No

"Oh I just don't want people to invest in this scam company, I want to make Bitcoin better." - Go join the SEC and work through them to regulate crypto currencies in the USA better and get off your soap box or, just get off your soap box.

Believe it or not you don't have any right that guarantees your post will stay on this thread. Believe it or not if any one of the Moderators just does not like you and says one day "Fuck Deadwood Dan" then they have the right to delete your posts; all of them, no matter what. Unfortunately it is unfair and you will have to accept it.

If your response contains anything along the lines of a quote on this thread. That is not proof, that is a comment from some stranger who you do not know.
If your response contains anything along the lines of "Well he has the MSD down his back, or something to that effect" than you can sit back relax and get on with your life, they are more qualified and capable than you to handle this issue.

If your response contains ad hominem attacks I will accept those as you admitting that I am right and you can sit back relax and get on with your life.

You are more than welcome to bring up quality concerns though no one is going to delete them. You are free to post legitimate questions about the state of the company or the state of shares or the state of progress of any of the projects AMC might undergo in the future.

PS: I am not a moderator of this thread. I am a small investor in this thread. I do have doubts about the future of this company. I thought at one point this company was a scam but from Ken still being here (More dedicated than I could be to a bunch of strangers who have called not only my mental capabilities but insult me personally, I could not call him a scammer in good faith to myself). I am not saying this company is going to the moon, it could still fail. But I no longer think it is a scam. (Those are two different things btw). I also don't suggest anyone invest in this company without understanding the state of affairs this company has been through for the last 6+ months.
217  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 02:15:18 AM
Thank you for the update.  Good news and more detail than normal.  
I'm very happy to hear we'll have control over our shares once again!

However, we are still waiting on 2013 financials.



Yes, I will be working with our CPA next week to get our books in order and pay any taxes that are due.

YESH. Good or bad I am very thankful for this. +100and5
218  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 03, 2014, 01:21:08 AM
Shares. Yay. Lets hope this goes smoothly so people who want out can get out and people who want deeper in can get in. This should be interesting. I expect prices to hold above .0003, good news seems to cloud people's vision and cause them to think emotionally.
219  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 02, 2014, 11:59:33 PM
Even located in Canada, mining a european pool and registered in Belize, the IRS might want taxes because Ken is US citizen.

We should be getting an update sometime in the next 2 or 3 hours. Good news doesn't negate bad news or cancel agreements/promises that were discussed earlier. (Wednesday Updates/Financial Report which was due two days ago/Update on MSD/Shares/28nm).

The MSD/Shares/28nm should be updated weekly until we have access to our shares, MSD investigation is done, and we have a tangible 28nm product produced by AMC/VMC or we have dropped the 28nm project and in that case we should be privy to the general game plan for the next 6 months or longer after the 28nm project is dropped.  
220  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: April 02, 2014, 06:36:15 PM
...
how much will it cost to produce 5000 boards? I imagine costs will be in the range of $800-1000 per board since the hashfast chips will likely cost $500-700 each. That means at least $3.5M in upfront costs, likely $4M+

Cross-posting this question from Custom Hardware thread.

Ken, how much are you estimating for upfront costs for the 5000 boards? Sorry if this has been mentioned previously.



First off, why does anyone in the Custom Hardware thread care what VMC pays for the elements of the miner? If anything investors would be interested in that info, not customers. Second, Ken will not be able to avoid financial reports moving forward and this information will be displayed in said report. It's only a matter of time. We know this and I'm sure he knows this.

Ken is actually 2 Days late on a financial report. (Maybe today? Maybe being a little bit more detailed than usual? Hopefully.)

Anyways they did raise a good question though you're right I don't know why they would care unless to estimate future cost per? Idk. But I am curious myself.
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