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1  Bitcoin / Bitcoin Discussion / Danny Brewster scamming back in 2012 on: May 01, 2014, 11:33:14 PM
http://www.bbc.co.uk/news/uk-england-lincolnshire-19099595


3 August 2012 Last updated at 08:03


Cancelled Future Festival catering firms 'still owed cash'
By Tim Johns BBC Radio Lincolnshire
Future Festival website The event was due to be held at the Lincolnshire Showground from 27 to 29 July
Continue reading the main story   
Related Stories

    Cancelled concert tickets on sale

Businesses have said they are still owed thousands of pounds after the collapse of what promised to be Lincolnshire's largest music festival.

The Future Festival - planned for July - was cancelled in March.

Since then several catering firms which had paid for pitches have complained no money has been returned.

Danny Brewster, who was involved in organising the festival, said money was paid to the company fronting the event, which he claims he has sold.

In March, BBC Lincolnshire reported the cancellation of the festival and issues concerning those who had bought tickets.
'Quite shocked'

Since then several companies have said they are owed money.

Gatwick-based Richard Billings said he paid a 50% deposit for four pitches.

"We paid the fee, which for four pitches came to a total of 2,500.

"It doesn't leave a very nice taste in the mouth that people can do that. I suppose you learn from it, learn to be a little more cautious in the future".

Richard Clark, who runs a Mexican food stall, said he parted with 500.

"I was quite shocked that somebody could just take people's money and just do nothing, organise nothing", he said.

"We're only a small company, we both work full-time, so the cash flow we have is very small.

"It's been a very tough trading year in catering with the weather and the recession. It was quite a significant loss to us."

Earlier this year, Mr Brewster told the BBC he had separated himself from the company running the festival - Future Entertainment Ltd - "legally and lawfully", and it had been sold to a man called Ramluda Antonictvius. Mr Brewster was unable to provide any further contact information or details.
'Failed business'

Companies House has confirmed there has been no change to the ownership of the company and Mr Brewster remains as the sole director. The accounts are currently overdue.

An email address was provided for those who had lost money to try and obtain a refund. However, none of the caterers or ticket-holders who used that address have received any money or any response.

When asked about the problems, Mr Brewster said: "The caterers and the seven people who purchased tickets did not enter into a contract with me as a person or send me any money, they entered into a contract with Future Entertainment Ltd which is now a failed business and a separate legal entity."

Lincolnshire Trading Standards said an insufficient number of complaints have been made to them to commence a formal investigation.

It added those out of pocket could pursue a claim through the county court.



and here:


http://www.safeconcerts.com/news/2012/mar/7083-future-festival-cancelled-amid-controversy.asp

'tickets were still being sold up to 3 days ago at up to 70 online although the event had been cancelled'






According to the trail of public records it's the same DB-

MR DANNY JAMES BREWSTER

Home MR DANNY JAMES BREWSTER
Company
FUTURE ENTERTAINMENT LTD

Postcode: NG34 7GF

MR DANNY JAMES BREWSTER 3 Sep 2011 director - Appointed

Incorporation Date    15/09/2010
Dissolution Date    08/01/2013

2  Economy / Speculation / 328 @ 450 on: April 06, 2014, 08:56:52 PM
328 btc just bought on Bitstamp at $450.

This could be the first order of some big money coming into BTC. We have potentially seen our third bottom at $415 and are now on the way back up to 1k and beyond.

What do you think? IS 328 a big order? I don't watch volume only candles.

Also the 8HR wall at 465 - what is that all about? Low volume manipulation?
3  Economy / Speculation / CHINA bans China - with pics on: April 01, 2014, 09:58:20 PM
China is no longer being sold in China - it's official ya'll.





Not sure how this will effect the price of BitCoin.
4  Other / Off-topic / HULL on: April 01, 2014, 08:03:59 PM
WHY???






http://www.dailymail.co.uk/news/article-2510411/City-culture-Its-Hull-thought--184million-boost-area-derided-dump.html
5  Economy / Securities / -ActiveMining Hangout- (and discussion) thread on: March 31, 2014, 03:22:35 PM
Wow.....so this really has been one hell of a ride.

The lows have been terrible. Seeing DTS unraveling infront of us was not a nice thing to experience, his desperation was a bit heartbreaking. And personally for me - having 90% of my BTC hodlings in this company and thinking too many times that it was all lost has been a real stress-inducing nightmare. You have dreams and make plans about the future of BTC and your own financial freedom, you see BTC go to 1.2K and think it's actually going to change the financial world but suddenly something comes up on the thread and your hopes are shattered, all your BTC are gone. That shattering moment must have happened to most of us here?


And there were the highs too - some of Ken's early weekly updates had me air-punching! I know another investor personally and we have been bouncing off the ceiling after some positive development or revelation. A bit sad but I've looked at houses, cars, counties to live in and all but built a new life in my head. Oh the sweet memories!!



So now it's actually happening. It's REALLY HAPPENING GUYS!
So come on, forget for a minute that BTC could crash and burn within the week, or there could be a meteor strike on Springfield, and just for now, just for right now today, while we still can, let's....GET EXCITED!

Most of us will have PTSD (Stress Disorder) about this experience for months (possibly years) to come so see this as a wind-down thread. We deserve a bit of space to unwind, and the main thread is not the place for that right now.
So post your pics here or post your favourite music Vids or talk about how you will spend your money or talk about what a total star of a dude Ken is or talk about the good times and the bad or just forget all that and cry with relief.



OK I'll start with this, it's a slow burner but around 2:00 it kind of EXPLODES!!! The kid you see - this is how I felt when I saw Ken's pics.
https://www.youtube.com/watch?v=kVJCyOYAiSo

COME ON!!!!

(This thread is Self Moderated)

6  Economy / Securities / -ActiveMining- hangout (and discussion) thread. on: March 31, 2014, 03:19:07 PM
Wow.....so this really has been one hell of a ride.

The lows have been terrible. Seeing DTS unraveling infront of us was not a nice thing to experience, his desperation was a bit heartbreaking. And personally for me - having 90% of my BTC hodlings in this company and thinking too many times that it was all lost has been a real stress-inducing nightmare. You have dreams and make plans about the future of BTC and your own financial freedom, you see BTC go to 1.2K and think it's actually going to change the financial world but suddenly something comes up on the thread and your hopes are shattered, all your BTC are gone. That shattering moment must have happened to most of us here?


And there were the highs too - some of Ken's early weekly updates had me air-punching! I know another investor personally and we have been bouncing off the ceiling after some positive development or revelation. A bit sad but I've looked at houses, cars, counties to live in and all but built a new life in my head. Oh the sweet memories!!



So now it's actually happening. It's REALLY HAPPENING GUYS!
So come on, forget for a minute that BTC could crash and burn within the week, or there could be a meteor strike on Springfield, and just for now, just for right now today, while we still can, let's....GET EXCITED!

Most of us will have PTSD (Stress Disorder) about this experience for months (possibly years) to come so see this as a wind-down thread. We deserve a bit of space to unwind, and the main thread is not the place for that right now.
So post your pics here or post your favourite music Vids or talk about how you will spend your money or talk about what a total star of a dude Ken is or talk about the good times and the bad or just forget all that and cry with relief.



OK I'll start with this, it's a slow burner but around 2:00 it kind of EXPLODES!!! The kid you see - this is how I felt when I saw Ken's pics.
https://www.youtube.com/watch?v=kVJCyOYAiSo

COME ON!!!!
7  Economy / Speculation / The chart says buy at this level. on: March 30, 2014, 03:38:08 PM
Nothing is guaranteed but so far this years chart pattern is a mirror of April through Dec last year with almost identical (but on a slightly differing scale) triple bottom type retraces to an ascending trendline at around 1/4 of the original move. So, much like October, this price at this time provides an excellent value entry point into this market.

IF the big boys are going to get into BTC they will do it now and at these levels.


8  Other / Off-topic / More threats towards ACtM CEO. on: February 19, 2014, 08:21:21 PM
This is an information only thread please don't reply.

As the daytime work address of the CEO is known, this threat to pay an onsite visit and do the CEO harm can not go ignored.
So for the record:


Kinda done waiting to dump my shitty shares, think i want my full btc back. Nothing to stop me from going to Springfield an making him give mine back the hard way.
9  Economy / Service Discussion / BTC-e Flash Crash 10/02/14 on: February 10, 2014, 01:01:13 PM
So on BTC-e today the exchange rate for the currency pair BTC/USD crashed from +620USD to 102USD then back up within a matter of minutes. The majority of the move took less than 2 mins.






It looks like a repeat of the 2010 Wall Street flash crash where a large seller exhausted the buy-side of the market which led to 'HFT Bots' panic selling, before manual buying brought the market back to normal equilibrium.


http://en.wikipedia.org/wiki/2010_Flash_Crash
'The joint report "portrayed a market so fragmented and fragile that a single large trade could send stocks into a sudden spiral,"[10] and detailed how a large mutual fund firm selling an unusually large number of E-Mini S&P 500 contracts first exhausted available buyers, and then how high-frequency traders (HFT) started aggressively selling, accelerating the effect of the mutual fund's selling and contributing to the sharp price declines that day'


BTC-e user rundown on 10/2/14 - Users: 10374 Bots: 1078

So lets hear your stories: did your Bot just lose you 75% of your holdings?
10  Bitcoin / Bitcoin Discussion / Malwarebytes accepting Bitcoin on: February 05, 2014, 06:33:27 PM
http://finance.yahoo.com/news/malwarebytes-begin-accepting-bitcoin-malwarebytes-140200547.html



'To start, Malwarebytes will be accepting Bitcoin for Malwarebytes Anti-Malware Pro. Malwarebytes products that can be purchased with Bitcoin will have a Bitcoin logo on the page. Malwarebytes will be using Coinbase as the payment platform.'
11  Economy / Securities / -[ActiveMining/Virtual Mining Corp] Basic facts/summary etc [Self-Moderated]- on: January 28, 2014, 10:04:07 PM
On this thread you will find details from the most important Official ACtM news releases, statements and published facts for easy reference.



Active Mining Corporation (ACtM) is the parent company of Virtual Mining Corp (VMC) and is made up of a team of dedicated Bitcoin mining professionals with over 30 years of combined experience.

The current company structure is as follows:

Active Mining Corporation Management Team:

Kenneth E. Slaughter, CEO/CTO

Virtual Mining Corporation Management Team:

Kenneth E. Slaughter, CEO/CTO
Gerald L. Slaughter, COO/CFO
Micah Slaughter, VP Manufacturing Operations
Darin Carolus, VP Marketing

VMC also has 2 in-house Engineers in San Jose and a Project Manager working very closely with eASIC.
ACtM company offices are in Springfield MO - VMC website http://virtualminingcorp.com/index.html






--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

eASIC 28nm ASIC

Since IPO, ACtM/VMC has been perusing a 28nm ASIC chip with eASIC. http://www.easic.com/
In September ACtM and eASIC released a joint statement:

Santa Clara, CA and Springfield, MO September 4, 2013 eASIC Corporation, a
leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced
that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin
mining machines capable of generating up to 24.756 TH/s.


The above chip roll-out was delayed by ACtM in September due to concerns over ROI with BTC value at only 140 USD and competitors chips at 4-500GH/s. The ACtM chip was therefore returned to the design stage and the result is a more refined and more efficient full custom 28nm device which eASIC are presently in the process of producing. Chip specs will be known shortly.

This chip will be available for: bulk sales, the ACtM mining farm, and will be sold in premium high-power machines for retail and industrial customers.  
This chip is expected in Q3 2014.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UMC 55nm ASIC

On the 21st January 2014 ActM surprised investors when they published this press release:

Springfield, MO and Santa Jose, CA January 21, 2014 Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and  People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. Simultaneously, AMC has acquired the Intellectual Property for the 55nm UMC Bitcoin Mining ASIC.  Delivery of chips is expected in Q2/2014.  Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.


This new full custom 55nm project (wholly owned by ACtM) is at a more advanced stage than the eASIC custom 28nm ASIC and has been taped out by UMC. http://www.umc.com/english/process/c.asp
This chip will be utilised in scalable bitcoin mining machines capable of generating upto 10.488TH/s.

The published specs of the UMC fabbed chip include:
11mm x 11m package,
1.9 GH/s, 2.5 Watts per chip
which is 1.315789474W/GH (before Intellihash is applied)

This chip will be available for: the ACtM mining farm. Bulk chip sales and production of budget medium-power machines for retail and industrial customers is yet to be confirmed.
This chip is expected in Q2 2014.

_______________________


Update: VMC has been slotted into UMC's February production run for the 55nm chip. Expected deliveries are 6 wafers in mid-April, 19 wafers by April-end, and in May VMC will receive full production batches of any quantity required. Expected 24x55nm chips per PCIe board. Engineering team are working on the sourcing and design of the boards and boards are due to be ready when chips arrive in April. Estimated yield of 6,800 chips per wafer giving 40,800 chips in mid-April for 77.52TH/s and then 245.48TH/s April-end to total 323 TH/s before full production commences in May.

Weekly update from 29/1/14 - 'We are expecting to add 1 to 2 Petahashs of mining [from 55nm chip] in Q2.'

Genisis block payout schedule (official): http://thegenesisblock.com/mining/a/423f77e0be


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Intellihash (TM)

Intellishash (TM) is a unique in-house process designed by ACtM and its engineering team which extends or boosts the usefull hashing life of Bitcoin mining ASIC's. For commercial reasons the full details of this technology are confidential. The process can be applied to ACtM chips and will boost chip lifetime-performance as hash-difficulty rises. The percentage of increased life-time efficiency over a standard ASIC chip is not public knowledge, but the boost is expected to be significant over non-Intellishash capable chips (ie competitors chips).


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACtM mining farm

With their own mining farm ACtM expect to utilise first their 55nm based rigs which generate 10.488 TH/s and shortly after their 28nm based rigs which generate 24.576 TH/s.
Electricity costs for ACtM are stated to be around 0.017 $/kWh.


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Shares

Since the close-down of the BTC-TC exchange and thereafter the Bitfunder exchange, ACtM shares have been unlisted and untradable except for a very small number on Cryptostocks. Dividends have also been suspended. The CEO has been concentrating on developing the core of the business in the meantime but has actively considered the emerging Coloured Coins network as a trading solution. However due to increased shareholder requests to implement a trading solution ASAP ACtM shares will be listed on Hong-Kong based Crytpo-Trade https://crypto-trade.com/ in the next few days. 28/1/2014.

All shares on Bitfunder were requested to be tendered to the 'AMC-TENDER' holding account before the closure of BF so that Ken could batch-process them onto a new exchange when one was ready. Any holder who carried out the tender on BF should receive an email notification will log-in to a site (that is in the process of being created by Ken) and after successful verification of your identity your shares will be auto-sent to the account associated with your email address on Crypto-Trade. At this point no account needs to be manually opened on Crypto-Trade

The most recent information on this move is: 'The transfer of shares from AMC-TENDER to Crypto-Trade will be via an automated site. To verify your shares, you will need an email address that you want to register as a account on Crypto-Trade (fine if you already have an account using that email, shares will just be added to that account), the number of shares transferred to AMC-TENDER, and your AMC-TENDER transfer date and time of transfer (from your Bitfunder transfer logs, or from the screenshot you made of the transfer).'  

For the many shareholders who did not carry out the BF tender (or who do not have the date and time of your tender), you will likely be requested to confirm your identity by signing from your BTC wallet address which you registered on the Bitfunder site before you can send your shares to your CryptoTrade account. Due to possible manual processing of your shares (not part of the tender batch-processing) you may gain access to your shares sometime after those who did fulfill the tender request.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Shareholder guarantee

There are a total of 10,000,000 (10 Million) publicly held shares in ACtM that represent interests in all VMC, and ACtM profits. The shareholder guarantee states that these 10M shares will receive all dividends until a total of 0.0025BTC has been paid per share. Currently around 2.5% of this total has been paid out. After the 0.0025BTC has been paid to each publicly held share the CEO's holding of 15 Million shares will also begin to receive dividends so that all profits are then shared out equally between the final total of 25,000,000 shares.


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Dividends

All BTC mined by ACtM are currently paid into this wallet: https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
To date 629 BTC has been paid out to shareholders since IPO - equalling 0.00006291702 BTC per share. So 2.5% of the total shareholder guarantee (0.0025BTC) has so far been paid, leaving 97.5% still to be paid out to each of the 10million publicly held shares.

The balance of the current mining income (around 57BTC accruing from our Avalon miners) will be paid out to shareholders once the shares are listed on Crypto-Trade.


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ukyo Shares

Through his Bitfunder securities exchange and WeExchange processing site Ukyo misplaced, lost or miss-invested over 6,000BTC from the community. ACtM had company funds in both Bitfunder (38BTC approx) and WeEx (70BTC approx) which represented assets raised from the IPO, funds for the purposes of paying dividends, and funds being used to transfer ACtM shares to CryptoStocks via a free transfer option for share holders. (This scheme was in it's very early days and so only a few thousand shares were exchanged to CS before Bitfunder was closed). These monies appear to have been lost and after legal notice was served on Ukyo for the return of these funds no refund was made. ACtM has therefore adopted the rights of lien under Corporation Law to seize Ukyo's ACtM share holdings. Ukyo held approx 232,000 shares in ACtM. These shares are being sold on Crypto Trade solely for the purposes of reimbursing ACtM lost funds and legal fees and costs relating to this case. Once these funds have been reimbursed the remaining shares/raised BTC will be returned to Ukyo so that hopefully the community can get back some of their lost monies. At the current listed price it is expected that most of the shares will need to be sold to recover ACtM's losses.

EDIT - all Ukyo shares appear to have been sold.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Pre-order Refunds

With BTC savings retained from the IPO, and BTC having appreciated almost 10fold, ACtM has ample liquid assets to refund 100% of all pre-orders plus continue with full production of the 55nm and 28nm projects. Of the few pre-order customers who have requested a refund all have been repaid in full in a timely manner. Pre-orders paid for in FIAT are currently held in FIAT by the company to safeguard this company liability from a fall in BTC prices.
12  Economy / Securities / [LABCOIN] IPO [BTCT.CO] - Self-Moderated NO-FUD discussion thread. on: October 01, 2013, 02:28:30 PM
THIS THREAD IS MODERATED TO ALLOW FOR THE SENSIBLE AND CONSTRUCTIVE DISCUSSSION OF LABCOIN.


It would seem logical to begin with a discussion of the IRC Q and A session from yesterday where Sam Noi outlined the current situation regarding the 130nm chips, and made a list of some things he intends to action over the next few days.
Bitcycle has created this excellent summary of the Q and A session:



NOTES FROM THE Q&A

INCLUDING A TO-DO LIST FOR SAMUELE NOI.

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.

THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED
13  Economy / Securities / [LABCOIN] IPO [BTCT.CO] - Self-Moderated no-FUD discussion thread. on: October 01, 2013, 02:06:11 PM
THIS THREAD IS MODERATED TO ALLOW FOR THE SENSIBLE AND CONSTRUCTIVE DISCUSSSION OF LABCOIN.


It would seem logical to begin with a discussion of the IRC Q and A session from yesterday where Sam Noi outlined the current situation regarding the 130nm chips, and made a list of some things he intends to action over the next few days.
Bitcycle has created this excellent summary of the Q and A session:



NOTES FROM THE Q&A

INCLUDING A TO-DO LIST FOR SAMUELE NOI.

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.

THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED
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