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961  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 26, 2013, 05:27:30 PM
Mabsark, you claim to have 'been here from the start' however your absence from posting for many months and obvious gaps in ActM knowledge show that your hasty return, while accompanied by strong opinion is more married to your desperation to recover your financial position from the significant losses you incurred in the Labcoin debacle.

Before you post any more comments regarding the schedule can I point you towards zumzero's timeline that he posted a couple of weeks ago?  It's been analysed by the community and amended by fellow shareholders and uses the eAsic schedule you refer to, however, unlike your projections this version has it's foundations in factual information.  This particular quote is taken from DTL's thread which is excellent and focusses on facts.


I've brought this timeline over from the other thread as I think it may be useful to keep a copy here.

The dates in bold are confirmed by announcements, while the others are projected from estimated timelines in the prospectus.

  • 26th July [source] - Ken estimates two weeks for NRE to be paid (during visit to eASIC)
  • 3rd August [source] - Ken returns from his trip to eASIC and the Engineering firm
  • 4th August [source] - Ken posts to say he is busy working on eASIC deal
  • (sometime before August 28th) [used for guesstimates below] - NRE Funds paid
  • 28th August [source] - Ken confirms NRE funds were converted 'some time ago'
  • 4th September [source] - eASIC issue press release
  • 12th September [source] - Avalon refund confirmed as having been received
  • 1st November [original guesstimate] - Chip samples delivered in 9 weeks;
  • 30th October [source] - Ken announces gradual hashrate increase including 'other resources' [source]
  • 25th November [original guesstimate] - Low-volume chip production starting in 12 weeks, using an e-beam process;
  • 30th November [source] - Ken announces delays due to further R&D and unveils Intellihash(tm) technology
  • 12th December [source] - Weekly announcement states "we are continuing to bring in all the parts for mass production of our miners"
  • 18th December [source] - Weekly announcement states "working with eASIC and our engineers to get our chip and boards in full production"
  • 24th December - 9th January [original guesstimate] - Normal volume chip production starting in 16-18 weeks.

* Note: As of 30th November, probable delays have been introduced into the timeline.

(I will be trying to keep this updated as more facts are revealed. In an effort to keep this thread tidy, please PM me with any suggestions.)
962  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 26, 2013, 12:44:00 PM
Eskimo - first off Happy Christmas.

Second, all your questions are valid but you should think about framing them in another way - as they look like a set of demands. An introductory 'Hi are you able to answer these question' etc. goes a long way. If I was reading your post and it was aimed at me I would ignore it as the tone of it is uncivil - I'm sure you would do exactly the same. All the best.

963  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 26, 2013, 03:54:29 AM
It's a line of six work benches that will produce finished rigs - therefore it IS a production line. A modest one, but if it's enough for BFL with smaller but more numbers of machines it's more than enough for VMC.
964  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 26, 2013, 03:38:02 AM
Hey wait a minute Mr Postman-

go have a look at the vid BFL had on their website recently. They had an identically laid out six assembly work benches, staffed by four people who would be sacked in my workplace if they worked that slowly.

The number of benches is fine, with pre-prepped cases and quick workers you can knock out plenty of rigs in quick time. We don't have masses of pre-orders, once they are done and dusted the farm machines will begin to roll out.

Edit- what are you benching? I have a bigger kitchen than the cafe round the corner but it doesn't make me a hot food outlet.

Edit 2 - hey VE are you going to open a mining rig production line in your basement? If so what's your IPO offer? Count me in OK?
965  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 26, 2013, 12:27:45 AM
Wonderful news - as expected.

I'm sure zumzero's and Stuartuk's combined efforts to martyr themselves to deny the trolls a presence on this thread has them grinning from ear to ear.

Happy Xmas Ken.

Smiley
966  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 25, 2013, 10:15:57 PM
What happened here? The thing is, the people who we're trying to damage the company have been banned - quite right and it should have happened months ago. But the people who were just trying to defend Ken against these guys were also banned? I don't get that at all.

I hope Ken posts today but it's not a business day so tomorrow would be the expected post day.
967  Economy / Securities / Re: Should we just delete the Active Mining Thread? on: December 15, 2013, 11:44:12 PM
Again, censoring information makes you a scammer.


I'm not advocating censoring information or difficult questions or praise. And Ken has never censored any difficult questions. Infact if you see the original thread he actually restructured the company and re-wrote the IPO because of difficult questions and unhappy investors.

But I do think we can't be associating ourselves with scammers like you for much longer. Ken needs to cut his ties with Bitcointalk. This forum is a joke and can't be trusted to host the Official ACtM thread.
968  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 15, 2013, 11:39:52 PM
Mabsark I don't buy that atall.

If you are not buying shares in ACtM then why on Earth are you on here then?

You don't need to post on here everyday to hold your Bitcoin. I would love to know how much you have now, you took a big hit on Labcoin? Why risk what little you have left on ACtM why don't you just keep what you have. What if ACtM is Labcoin 2?
969  Economy / Securities / Re: Should we just delete the Active Mining Thread? on: December 15, 2013, 11:18:41 PM
It's gotten to the point where ACtM can't afford to have an Official thread on bitcointalk.

The mods on here can not be trusted, and I firmly believe that the likes of crumbs and pankkake are paid either by the competition to discredit ACtM or paid by  bitcointalk itself to keep the traffic and post count high and thus make more money from sponsors. Either way it's bad for the investors confidence and really really bad for potential customers who might be put off ordering from a company with such a negative appeal on a public thread and bad for Ken as it just represents way too much time, effort and hassle.

ACtM need to move their Official thread to a site where posters can be banned for Trolling - not have their posts deleted, but banned from posting period. It would be very little work for Ken to mod such a new thread.
970  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 15, 2013, 11:07:36 PM
The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share!  Roll Eyes 0.00006 more like!  Cheesy



Mabsark, you were asked a few days ago how many ACtM shares you were still holding after you made a hasty exit 2 or so months ago to get into Labcoin. It looks like you sold them all then?

You clearly want to buy back into ACtM at the lowest price possible and this blatant FUDing just tells me that you actually value ACtM highly - otherwise why would you want to buy back in?

So yes, thanks for confirming through your FUD attempt that ACtM is indeed an excellent proposition - but really, we knew already.
971  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 05, 2013, 10:11:42 PM
Are you saying here that we need to view this from a perspective of investors who are wishing to cash-out in dollars?


No, dollars are not the issue with share price. The issue is return of BTC fo BTC invested. A P/E ratio of 10:1 gives you 10BTC back for every 100BTC invested. You cannot get that return in a bank, safely with a penny stock or in a hedge fund after they have taken their fees. A 10% annual return is a huge return - especially in a heavily appreciating currency.
972  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 05, 2013, 10:06:14 PM
40k BTC / year in dividend = 80k BTC in profit, since 50% is re-invested.
80k BTC in profit = 6% of network hashing power, or less if you can get profit from sales, but somewhere 4-5% is needed I'd guess.
On average over a whole year.

That's pretty optimistic don't you think?

I'm happy if ActM can reach 1% of total hashing power (~1/5 of what you assume).

No absolutely not. We were working off 10% network, btc at 1k USD and conservative sales.

If you look at Ken's own predictions ('Details'on the new exchange) you will see he expects to receive 40Mill in sales from VMC in the next year. He will use 20Mill of this to build what he describes as 'the Biggest Mining Farm in the world'. So 10% is conservative and means the price of 0.04 is also possibly conservative - it depends on the P/E ratio investors are happy to accept in a Bitcoin company. What is for sure, the longer we farm and the more we become established the higher our share price will go.
973  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: December 05, 2013, 09:39:50 PM
Re-post re: share price-

I'm sure some of you have heard of a thing called P/E ratio (price-earnings ratio)?

It's a very simple formula universally used for valuing a listed company and it's shares which most often involves you dividing the share price by the annualised earnings per share.

here is a basic introduction:

http://www.allstarstocks.com/gpage2.html


So instead of guessing how much you think share price will go to using your divining rod or a set of Rune stones just use the p/e ratio.

All you need to know is the total amount of BTC that will be paid out in divs to public investors in year 1 and then you divide that by the number of shares to get your annual earnings per share figure. You then choose a share price - lets say the IPO of 0.0025 and divide that by your annual earnings per share figure to get the p/e ratio.

An acceptable p/e ratio to investors in the real world would range from anything from 10:1 to 100:1 - it's going to be based around the company prospects for growth and continued business.

OK so who want's to start? Me? OK-

I think 4justice's table gave a yearly total for public investors (taking into account the drop when Kens shares get divs) of around 40k BTC.

40,000/10,000,000=0.004
0.0025/.004=0.625

So now we need to decide what P/E ratio investors will be happy with. 0.625:1 would put the share price at 0.0025 - obviously. Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.

I would say with BTC rising so commendably that a P/E ration of 10:1 would be conservative - so that would mean a share price of 0.04 > 0.04/0.004=10

Anyone please correct my arithmetic/logic and make comments.

PPS - 4justice's table is I think conservative.
974  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 09:54:25 PM
No ambivalence here, just sarcasm. I might have thought it would pass you by.

'Understanding the subtlety of this usage [sarcasm] requires second-order interpretation of the speaker's or writer's intentions; different parts of the brain must work together to understand sarcasm. This sophisticated understanding can be lacking in some people with certain forms of brain damage.'

http://en.wikipedia.org/wiki/Sarcasm

http://en.wikipedia.org/wiki/Meth_Amphetamine

'Grin'

975  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 09:35:42 PM
No we wont. I don't mix with irrational, emotional, foul-mouthed Meth-head scumbags. But thanks for the offer.
976  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 09:29:53 PM
You sound like a broken record player. 

You would know my friend, you would know.
977  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 09:25:39 PM
all your trying to do is drive shares out of week hands when the market opens.

No doubts atall about that.

So is crumbs/the iceman
so is VE.
so pankkake



Sell into their hands at 0.0025 like a beaten down victim - or hold to see share price drive hard into 0.04. Your choice Muppets.

You have been warned many times now at this crucial time, it's long overdue that you amateurs started listening.

So for those who will still sell, no crying on here when you miss out on 85% of the price rise.

No crying.
978  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 05:41:34 PM
Well two shots you are looking at anything from 100-200mg, the amount will vary between coffee houses.

"The analysis that we did showed the amount of caffeine ranged from 50mg per cup from Starbucks, up to over 300mg per cup from another coffee house, Patisserie Francoise,".

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15968515


How many cups do you have per day DTS - be honest.
979  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 05:37:13 PM
At high doses, typically greater than 300 mg, caffeine can both cause and worsen anxiety[57] or, rarely, trigger mania or psychosis.

How many mg does a typical cup of coffee contain?

Depends on how many shots you have I believe. Are you talking filtered or ground?
980  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: November 29, 2013, 05:36:35 PM
Posting here allows me to feel that I am making a difference, but it's a delusion and now most of my fellow shareholders hate me.

Atleast DTS you can see this thing clearly.

And guess what, not many people do like working and studying, or even just working. But that's what life is all about for 99% of the lucky ones who live in a country with a Welfare State. You are not hungry are you?  So man up.......and chin up old boy.
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