How much has already been paid out per share? How much per share is remaining to reach the .0025 mark? A total of 25M, but only 10M listed until .0025 is paid in dividends.
About 0.0024 btc per share (10Million only) has still to be paid out. That's not going to happen. Even zumzero isn't stupid enough to believe that. Stuartuk, OHOH, has already spent his anticipated dividends on a spiffy new logo for ACTM. Here's the old one:  And the new one:  |
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VMC Sales:
3rd Quarter 2013 $1,404,217
October 2013 $520,898
Total Sales YTD $1,925,115
 There is no way ACTM can compete with such paltry sales. For comparison, HashFast sales are about $20 million in the same amount of time. ACTM can't sell any more shares, because BitFunder is closing. ACTM can't sell any more chips, because they are overdue, obsolete, and very slow (16GH). No money to build out mine = empty Buttcave. |
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New member? No escrow? Seems legit! I'm sure it's not a scam.  |
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Turns out even Cryptostocks has standards.
Labcoin has been found to be out of compliance with their contract and has downgraded to a GREY rating.
The rating has 4 categories:
White - Security isuer is fulfilling his contract. This is the default level for newly listed securities.
Grey - Security issuer is in violation of his contract since less than 4 weeks.
Black - Security issuer is in violation of his contract since less than 3 months.
Delisted - Security issuer is in violation of his contract since more than 3 months. Trading is suspended.
We're on the road to delisting!
Good for Cryptostocks! Too bad your standards, based on hopes and dreams, are purely emotional. Having rational standards based on facts would have saved you from being LabScammed. Next time, listen when people warn you over and over not to feed the scam.  |
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3% is highway robbery and pps is for the mathematically impared. If you must "pool-up" then please consider bitmiter: ppnls 1% fees.
Bitminter is good too. I like PPS because it's simple zero variance. No (well, much less) math required to estimate hashrate. Anything is better than wasting shares on orphans; that is adding insult to injury! |
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Our 400GH/sec chips
their 16GH/sec chips
That's the only thing that matters really. They were supposed to have their chips faster than the others, and it looks like it's not happening. KnC shipping before them was already hard, but any custom 28 nm shipping is DEATH. ACTM is great at deleting my posts. Designing and producing ASICs? Not so much!  |
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I hope CX is just busy being a new dad, and all of this will blow over soon. But just in case... Here is a great model for a shareholder revolt/takeover which worked for resolving the Ian Scamwell situation. https://bitcointalk.org/index.php?topic=172471.0[BAKEWELL] Action Proposal - Call for VolunteersHello. I'm proposing that the shareholders immediately take control of BAKEWELL via shareholder motion, and: 1. appoint an interim CEO, 2. rerouting, refund, sell the rights to, or sell the actual, AVALON asics ordered by BAKEWELL 3. create and issue IAN BAKEWELL debt representing the two $4,000 mining rigs owned by BAKEWELL 4. distribute profits from these events to shareholders 5. shut down the company To be effective we need a shareholder motion to run appointing someone as the sole director of the company. We will need Ukyo's permission to run this motion. We need: ---> Someone must step up and volunteer to become the interim CEO and take control of the BAKEWELL account. ---> We then need to run a motion firing Ian and turning over all company asset to this new person (We need existing shareholders to request this, I will sign the request this as well since I now directly represent ownership of between 4.9% and 12.1% of the company (294 shares on BitFunder and a BMF claim for a possible further 432 shares). ---> The voted-in CEO needs to immediately contact AVALON with proof of the transfer (essentially, the result of the vote and/or Ukyo's signed statement regarding the matter). At the very least this will constitute proof that Ian has stolen money from the company which will be needed if anyone wants to go after him legally for the GPU mining rigs BAKEWELL owns, so I think we should take a shot at getting this resolved on our end ASAP. If no one volunteers for 48 hours I will do it. At least I'm a Canadian. I would prefer not to become interim CEO though. I am very busy with my own business and work IRL. We need someone to step up and volunteer here. We also need to immediately contact that guy who claimed to have met Ian in person. (I'm a little busy so someone please step up to the plate and link the info from one of Ian's old threads where someone claimed to have met him in person). Thanks. But FWIW I have a lot of (somewhat estranged) family out there in Northern Canada. It is not unfeasable for me to make some calls and ask/pay a distant cousin to drive down to Edmonton and check out a few addresses. It would save money on a PI. We will also need someone to contact Yifu and ask if it is theoretically possible, given the situation, to reroute the order to the new company address. That's how it should be presented, as that's what it is (a change of company address). So someone please step up to the plate and contact Yifu and ask him if we can do that so long as we can provide proof we run the company. This is important, we need volunteers to step up to the plate and get these things done within 24 hours. Post what you're going to help out with here and then go do it so we don't duplicate our efforts. If anyone asks what I did for this, it's the push and the idea/plan. But I can't get too involved because I run my own business and I work a lot IRL, so actually doing the whole interim CEO thing would be a bit much for me. Get involved, or you are basically kissing your money goodbye. If we get a small group together and start a collection plate for things like a private investigator and a lawyer / representation in small claims court, if you're not in the room when the deals are signed you are not in the deal and would have to go after him on your own. |
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Slush's pool ~280TH/s 2013-11-08 17:05:18 ---> 2013-11-10 12:16:42 --- 20 blocks solved
Eclipse ~120TH/s 2013-11-08 18:36:17 ---> 2013-11-10 11:16:47 --- 6 blocks solved
100 TH (90-120TH/s) 2013-11-08 17:32:12 ---> 2013-11-10 13:17:00 --- 1 block solved
Dave, Leszek - please comment
This is ridiculous. 100TH is no longer sufficient for solo mining, nor is running a full node our core competence. Get in a pool and stop wasting the hashes for which we've waited so long. 3% PPS at 50BTC is a great deal. Take it! |
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HASHFAST TRIUMPHANT!
ALWAYS BET ON ICE...
Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die. We’ll get photos for you soon. This is great news for HashFast customers. Our 400GH/sec chips are done and being assembled! This isn't great news for ACTM. Where are their 16GH/sec chips? Where is their financial statement? |
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So what? I personally can't even find a lawyer!
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btw, cointerra has announced their tape-out. more details on their web site.
that is a good thing. Not really. Cointerra is over two months behind HashFast, and hasn't even hired a more competent design team for their next chip. Cointerra's first chip will be competing with HashFast's second one, sometime in March/April. Meanwhile, TSMC will be pumping out multiple batches of HashFast G1 wafers. |
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Are you reporting this to the italian police, or the HK police, or both?
LABscam haz been repoarted to the BITCOIN POLICE! |
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I am taking over the ritual of posting BitchCycle's Daily Action Item Checklist, since he broke his promise to do it himself. https://bitcointalk.org/index.php?topic=305686.0It's been 37 days since this list was posted. Unfortunately, none of Sam's action items have been completed. The list remains as it is. I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi. I am PMing a reminder copy to Mr. Noi as soon as this is posted. NOTES FROM THE Q&A INCLUDING A TO-DO LIST FOR SAMUELE NOI. I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session. I am also asking Mr. Noi to inform us when these items are completed. Actions for the next 24 hours. Skype session with Ukyo regarding Bitfunder listing Posting to the forum the amount of BTC left in the company funds. Change pool to Eligius Make the labcoin portfolio public on BTCT Other actions to complete ASAP Verification of ID. A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it. Photos of the hosting facilities as well as the operational boards Send a sample board to TheSeven. This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost. Exact power consumption figures for the chips/boards Actions for the community to complete ASAP Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for. - COMPLETED Suggested additional items from the community Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc. Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties. Provide a full accounting for all money spent so far. A spreadsheet showing expenses and dates would be ideal. THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED |
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I am taking over the ritual of posting BitchCycle's Daily Action Item Checklist, since he broke his promise to do it himself. https://bitcointalk.org/index.php?topic=305686.0It's been 37 days since this list was posted. Unfortunately, none of Sam's action items have been completed. The list remains as it is. I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi. I am PMing a reminder copy to Mr. Noi as soon as this is posted. NOTES FROM THE Q&A INCLUDING A TO-DO LIST FOR SAMUELE NOI. I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session. I am also asking Mr. Noi to inform us when these items are completed. Actions for the next 24 hours. Skype session with Ukyo regarding Bitfunder listing Posting to the forum the amount of BTC left in the company funds. Change pool to Eligius Make the labcoin portfolio public on BTCT Other actions to complete ASAP Verification of ID. A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it. Photos of the hosting facilities as well as the operational boards Send a sample board to TheSeven. This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost. Exact power consumption figures for the chips/boards Actions for the community to complete ASAP Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for. - COMPLETED Suggested additional items from the community Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc. Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties. Provide a full accounting for all money spent so far. A spreadsheet showing expenses and dates would be ideal. THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED |
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HashFast and ASICminer's hardware actually exist, unlike Cointerra's. Cointerra is more than two months behind HashFast. Cointerra's first chip will be competing with HashFast's second one. ALWAYS BET ON iCE... |
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How do we know that they have not yet "taped out" ?
They announced the mock tape-out and their sales would benefit from the certainty provided by the real one. We don't know for sure. But presumption is negative, so we presume that have not until they tell us otherwise. |
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Tapeout news is coming?
ImminentTM
in four weeks |
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I am taking over the ritual of posting BitchCycle's Daily Action Item Checklist, since he broke his promise to do it himself. https://bitcointalk.org/index.php?topic=305686.0It's been 36 days since this list was posted. Unfortunately, none of Sam's action items have been completed. The list remains as it is. I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi. I am PMing a reminder copy to Mr. Noi as soon as this is posted. NOTES FROM THE Q&A INCLUDING A TO-DO LIST FOR SAMUELE NOI. I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session. I am also asking Mr. Noi to inform us when these items are completed. Actions for the next 24 hours. Skype session with Ukyo regarding Bitfunder listing Posting to the forum the amount of BTC left in the company funds. Change pool to Eligius Make the labcoin portfolio public on BTCT Other actions to complete ASAP Verification of ID. A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it. Photos of the hosting facilities as well as the operational boards Send a sample board to TheSeven. This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost. Exact power consumption figures for the chips/boards Actions for the community to complete ASAP Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for. - COMPLETED Suggested additional items from the community Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc. Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties. Provide a full accounting for all money spent so far. A spreadsheet showing expenses and dates would be ideal. THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED |
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I am taking over the ritual of posting BitchCycle's Daily Action Item Checklist, since he broke his promise to do it himself. https://bitcointalk.org/index.php?topic=305686.0It's been 36 days since this list was posted. Unfortunately, none of Sam's action items have been completed. The list remains as it is. I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi. I am PMing a reminder copy to Mr. Noi as soon as this is posted. NOTES FROM THE Q&A INCLUDING A TO-DO LIST FOR SAMUELE NOI. I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session. I am also asking Mr. Noi to inform us when these items are completed. Actions for the next 24 hours. Skype session with Ukyo regarding Bitfunder listing Posting to the forum the amount of BTC left in the company funds. Change pool to Eligius Make the labcoin portfolio public on BTCT Other actions to complete ASAP Verification of ID. A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it. Photos of the hosting facilities as well as the operational boards Send a sample board to TheSeven. This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost. Exact power consumption figures for the chips/boards Actions for the community to complete ASAP Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for. - COMPLETED Suggested additional items from the community Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc. Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties. Provide a full accounting for all money spent so far. A spreadsheet showing expenses and dates would be ideal. THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED |
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I am taking over the ritual of posting BitchCycle's Daily Action Item Checklist, since he broke his promise to do it himself. https://bitcointalk.org/index.php?topic=305686.0It's been 36 days since this list was posted. Unfortunately, none of Sam's action items have been completed. The list remains as it is. I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi. I am PMing a reminder copy to Mr. Noi as soon as this is posted. NOTES FROM THE Q&A INCLUDING A TO-DO LIST FOR SAMUELE NOI. I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session. I am also asking Mr. Noi to inform us when these items are completed. Actions for the next 24 hours. Skype session with Ukyo regarding Bitfunder listing Posting to the forum the amount of BTC left in the company funds. Change pool to Eligius Make the labcoin portfolio public on BTCT Other actions to complete ASAP Verification of ID. A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it. Photos of the hosting facilities as well as the operational boards Send a sample board to TheSeven. This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost. Exact power consumption figures for the chips/boards Actions for the community to complete ASAP Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for. - COMPLETED Suggested additional items from the community Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc. Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties. Provide a full accounting for all money spent so far. A spreadsheet showing expenses and dates would be ideal. THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED |
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