Weekly Updated 4/9/2014
Our run of our Rev 3 boards has started and we expect to roll off the line 200 PCB's a week for the next 3 weeks.
Do you have the chips for these boards yet? I trust you will get the boards but what is worrying is the situation with HashFast. Can you update us with the status of the HashFast chips for the Rev 3 boards? |
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The scheme makes me feel myself a person with low IQ !  You will rapidly change that and find your place in the Knowledge Age, especially if you are young. I'm young. What do you suggest? 1. Get involved with a micro payments, cpu-minable, anonymity coin to accelerate the coming of #2 below. Some discussion on that at another thread I started. 2. Develop your skills in some creativity activity in which some aspect of it interfaces with content that can be delivered electronically, e.g. 3D printing designs, programming, biotech, nanotech, marketing plans, medical tech and art, visual arts, audio arts, etc.. Did you know it is possible to print an entire house of marble using a 3D printer: http://d-shape.com/Get in touch with your creativity ability. Most men have this as it is sort of innate to being a man. There are so many areas. This isn't restricted to just programming. You see that D-Shape is very hands on, get your hands dirty. Some men like to work with their hands, not just their mind. In short, become a hacker, in the broadest definition of the term. http://www.catb.org/esr/faqs/hacker-howto.html#what_isP.S. I'd love to see you guys help improve the Flying Car. Thanks for the post AnonyMint. I've been reading your posts almost everyday for a few weeks now and I appreciate your sharing of astute observations, it has helped me get a better sense of where I should be spending my time in. |
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The scheme makes me feel myself a person with low IQ ! You will rapidly change that and find your place in the Knowledge Age, especially if you are young. I'm young. What do you suggest? |
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Can I ask again, since everyone ignored me,
what happened to the transferred shares on BitFunder?
Nothing, we are waiting to be allowed to trade on either counterparty, coloured coins or cryptotrade. So far it's wait and see. To use counterparty do you need XCP? some info from reddit: http://www.reddit.com/r/Bitcoin/comments/22erxg/counterwallet/cgm46jbCounterparty is like colored coins on steroids. You can - declare that a tiny amount of BTC is equivalent to some asset, and exchange your asset, e.g. stock, for BTC; or store it or send it
- bet on the outcome of sporting events, presidential elections, and quite literally anything under the sun. What will people bet on when there are no rules, restrictions, or requirements for personally identifiable info?
- broadcast information, e.g. a price feed, from an address, which is distributed across the network
- pay dividends on user-defined assets
All this in a trustless P2P environment running on open source software. Counterwallet is a Bitcoin wallet that enables Bitcoin storage, and tracking of user-defined Counterparty assets side by side. It's like what you would get if you put an open source client-side stock market on Blockchain.info, and users could trade with each other directly there, and it couldn't be shut down. Goes well with Tor browser. What does killerstorm think about it? He is the developer for Colored Coins. |
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To use counterparty do you need XCP?
The issuer needs to purchase a small amount of XCP to issue the asset. Once issued those trading in or owning the asset do not have to transact with XCP. Now that they've added dividends in BTC the platform looks pretty interesting. And they have an exchange? If so, how's the liquidity compared to crypto-trade? |
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Can I ask again, since everyone ignored me,
what happened to the transferred shares on BitFunder?
Nothing, we are waiting to be allowed to trade on either counterparty, coloured coins or cryptotrade. So far it's wait and see. To use counterparty do you need XCP? |
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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? For that to come true, ActM would need at least 4% of total hashrate. Assuming 50% is payed out in divs and that all mining expenses are covered by ActM's sales. Once .0025 per share is payed out and Ken recieve divs on his 15'000'000 shares we need 9% to keep that div up. I would not bet my pension on that to happen. If we can even keep 1% we will get .000054 (for 10 million shares) or .0000216 (for 25 million shares) per month assuming 50% payout and no mining expenses. EDIT: 1% hashrate = 1080 mined BTC / month. 1080 / 10,000,000 x 50% = .000054 1080 / 25,000,000 x 50% = .0000216 What happens to the share price when the 0.0025 divs are almost paid out and the other 15 mil shares start getting divs? |
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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? |
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Is it good or bad?
Plain English!
747Gh/s average so far.  |
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AnonyMint, is http://blog.cryptocurrencyconcepts.net/post/81016742800/the-new-pyramid what you refer to when you say, 2. The 21 million supply limit is a lie. This WILL be violated and there are numerous ways it can happen. The most likely way is Bitcoin is obviously moving towards offchain storage and services. In fact, Bitcoin can't have instant transactions without offchain fractional reserves (technically the exchange has to be fractional for it to happen instantly). Also the government could today regulate the few pools who have 51% and the few ASIC miners who have large datacenters, and produce as many coins per coinbase as they wanted. Later when the masses are all using government regulated offchain Coinbase.com and Bitpay.com, etc, then government can do what ever it wants to the mining and the masses won't care. and 4. Altcoins will proliferate the # of coins in the ecosystem. |
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I'm trying to place an order with btc but still am getting nowhere. i used the "call us online" link and never was connected to anyone, tried email and haven't received a response, and tried calling the 855-663-2482 number only to go to a voicemail box. If anyone from the company is monitoring this I'd like to get an order in, so please respond to my email or voicemail. thanks.
Quoting for visibility. Ken, fix the contact info on the website and the cs@virtualminingcorp.com address. You have people wanting to give you money that can't, and pissed off pre-order customers. I will be fixing that next week. Make sure to get that order processed for finlof soon, not next week. |
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Selling is where the money is at, while self mining sets a base income when there are lulls in sales.
Interesting, thanks for the analysis. |
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Isn't it about how much mining power we have in respect to the total network? 1% = 1080 BTC a month -> Half into re-investment, half into dividends -> 540 BTC for dividends / 10,000,000 shares = 0.000054 BTC per share per month in divs.
2% = 0.000108 BTC per share per month.
Hopefully we can have the 800 TH up before the network reaches 80 PH which would be 1%.
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Man I gotto say im fucking excited now
Where do you see the price headed? I'm very excited as well. I hope to see it blast past the ATH from BitFunder which was 0.0075 per share. I assume that was an april's fool joke you just made there? Since last friday, ActM has sold 7 miners, 2 of them is to Bargraphics. Let's face it, people do not trust ActM as we've had nothing but bad PR for months. What might save ActM is when we start mining with our own gear, or a miracle happens and people forget ActM's history and start ordering Fast-Hash miners. As an atheist, I do not believe in miracles... So starting to mine with our own gear might save ActM? Doesn't sound too difficult considering that we already rented the space and have the miners in hand. Yeah, anyone remember where those price projection charts are in the old thread? |
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Man I gotto say im fucking excited now
Where do you see the price headed? I'm very excited as well. I hope to see it blast past the ATH from BitFunder which was 0.0075 per share. even if the share price is up at 0.0075,do you think there are enough buy orders at CT??? Not yet. The whole bitcoin investing community seems to be at a stand still until we get Colored Coins. BitFunder and Btct.co were much more exciting.. until they got shut down. |
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I was replying to jimmothy, it looks like he thinks that pre-order customers are getting the product they pre-ordered but like you said, they are getting new product. Those old items don't and won't ever exist.
Didn't ken say they are still working on their own 28nm asic? Is this not what was available for preorder? Jimmothy's confusion raises a good point, Ken. The website is confusing with all of the old offerings still listed with the old prices/specs. Can we get that cleaned up ASAP? +1 |
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I was replying to jimmothy, it looks like he thinks that pre-order customers are getting the product they pre-ordered but like you said, they are getting new product. Those old items don't and won't ever exist.
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Why would anyone keep a preorder for vmc brand asic instead of a hashfast?
Hashfast boards are now going for ~$3/gh
Vmc platinum miner is more than $10/gh
Because , I ordered from HashFast and Ken at the same time (November) , i am batch 3&4 on HashFast , And i will not be receiving anything before May . And from Ken , i will be mining this week , with 250% of power i ordered . So , im glad i din't cancel or refunded my order . I understand it would be a much better deal to go with the hashfast boards shipping now. I am just wondering if there is any incentive to stick with the vmc asic instead. As of now it seems like they are equal in power/efficiency only the vmc machine is 4 times more expensive and shipping in a few months. Those are old miners I don't think they will ever be real products. What we have now is the Prospector and on the horizon is the Gold Rush miner which i believe is an optimized version of the Prospector. Those who held pre-orders for the old products will be receiving new products. |
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