Remember everyone, no proof this new fund thing with Havelock is fully licenced to sell US securities.

It looks like they just moved country, that is all. Nothing fundamental has been changed so I urge caution when considering them. I recommend waiting it out a few months to determine how "legal" their new system is. I suspect they will soon block US customers, unless they start filing paperwork with the SEC.

$5000 eternally trapped in limbo...

Maybe they are large holders and want the share price low for as long as possible, to buy more!

/Jokes

Hey TF, do we get paid after the month or at the beginning of being enrolled?

Its a shame we have no financial report, even if it was going to be negative...

Well the nature of "proof of work" is in computer terms, hard work.

Real mining involves digging and hoping this batch of dirt has the shiny stuff, I can see a very direct analogy here.

I might respond to your points tomorrow as right now I am falling asleep at my keyboard. (Blame assignments keeping me up.)

Some points you make are good, but I wanted to address this before I log off for the night/morning:



I got an aggressive vibe from this, I don't think I am conflating much. :p


Well I have a value of x right now that could be worth x++ in a month or x-- in a month, so until then I am glued.

Financial report?

Ah more about Patrick Strateman and Amir. These people are sick and disgusting. Why is Amir being allowed into Bitcoin conferences? If I knew of a conference that let this guy in I would tell the entire community to shun the organizers.

Amir and Patrick have ruined so many lives in Bitcoin.

To anyone in Bitcoin that entertains, hangs out with or accepts either of these demons, please get lost! Understand these people are evil and need to get the message they are no longer welcome in this community.

To the OP, I doubt you will get anything from them, you are asking thieves, people with no ethics and only out for themselves for your property back. I am so sorry.

You all need to understand people like this, they will destroy a million lives just to better their own by 1%, people like this are a drain on society and we must reject them.

We all know the ActM ASIC is not comparable to KnC, Bitfury and HashFast for efficiency. The advantage was meant to be the ability to order large amounts of chips on the go very quickly once the initial design was complete. That was the eASIC advantage, although admittedly the difficulty rises are leaving us behind and no one predicted this, even IceDrill shareholders had no idea.

Will the eASIC deal ever make us back? Possibly not, especially if we don't get over 100TH/s in the next few weeks. Like I said, startups, many fail.

Although a failed startup does not make it a scam.


The trouble with getting hardware is that the only one who profits is the company that made the device. This is also my concern with the current climate in Bitcoin mining. The only people now making profits in Bitcoin mining are private companies. Bitfury, HashFast, etc....

I originally got interested in ActiveMining because I supported the idea of a public company that could take a piece of the pie.

I know everyone wets themselves over HashFast and Bitfury these days, but just remember who is making the real profits. Not the community, but a handful of private investors. I fail to understand the circle jerk surrounding these wealthy private concerns. I was wrong about Bitcoin, its not about the community and being decentralised for most people, its all about the money. I failed in my investments because I was naive.

Well that means we enter scam territory for the first time, I hope that is not the case.

Prototypes are meant to be here now or last week. If we have to wait another 3 weeks for sample/prototype chips it means eASIC has failed and the stock is worth zero.

EDIT: I do not think that Ken is doing anything of the sort, if he was going to do this he would have started ages ago. I actually think these are the prototype chips coming online but yeah, I could easily be wrong. I suppose what I am trying to say is I need these to be from eASIC for my sanity!

Ok ok. But what about the financial report? Ken was very clear it would be released at the end of October.

"Mining" makes more sense to the layman because it invokes the idea of "hard work done" to gain a certain limited resource.

"Generating" does not invoke the same image to most people.

Also many things mined in the real world do not allow for electrical generation by burning or changing. The most obvious analogy being Gold.

We mine Gold for which most is used for jewelry or a store or wealth (use in electrical components is a very small amount of worldwide usage.)

Mining Bitcoins is quite similar to mining Gold with respect to work done to gain a shiny material as a store of wealth.

No, I expected a financial report. What more can I do?


The aggressive tone is not needed Ice, chill.

Lets assume I bought a share at 0.0005, its not stupid to expect a good return if eASIC delivers a large amount of chips.


Not sure how a badly run company and late order of experimental chips becomes a scam. Start-ups take investment money everyday and most fail, are they scams too? No. Invest in risky ventures with unproven founders and sometimes you will lose money, thats the way this scene works in Bitcoin and outside Bitcoin. To me it sounds like you would never risk money on a unproven person or unproven technology, which confuses me as you are obviosuly into Bitcoin.


Yeah thanks.


VBS was never employed by ActM, so I doubt he has to worry about anything.


Not sure why you are hostile to unlicensed security scheme's all of a sudden, it was ok when you was investing in Ice, but ActM is not ok?

Double standards really do not paint your argument well.

Ice, you are throwing shit at the wall and your points are badly made or simple too overly aggressive as if I have hurt you. I don't understand why you are wasting your time here.

This is the frustrating thing, the Klondikes or whatever they are called and Avalon chips will not get us 3TH/s power, so its assumed the 3TH/s comes from prototype/sample chips.

If this is true then fantastic, the first run batch is around the corner and we are going to see a huge increase in hashrate.

However it might not be the case! The 3TH/s might be from something else who knows, because Ken did not say anything about eASIC chips.

So once again the information void leaves us to speculate and assume.

Just bumping this up so Ken can see it.

Ice come on! The eASIC thing is real, it might not pay off but its still on the table. How can we actually sink without the main product being tested? Yeah it might fail but none of us know that yet.

Anyway, do you really want to know why no one over in the moderated thread listens to you? Because you are heavily invested in the competition and thus have a bias to everything you say.

Also you are not invested in HashFast and I told you ages ago that was your error, now IceDrill is not doing so well and turning shares into a mining machine, the entire investment is certainly lackluster (I was also once a massive shareholder in IceDrill but got out a long time ago)

My mistake was investing in ActiveMining sure, but I definitely can't say for certain its sunk when we have chips around the corner.

So no financial report?

I used to post in the Ripple threads (Alt-coin section) questioning their system, and I remember some user account with "Mucus" in was always right on time to defend them (Ripple). I might be wrong and it might not be you, just feels like it was especially as you are here now bashing Bitcoin.

Wait, isn't ElectricMucus one of the Ripple shills?