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Seriously?
The speculating has begun...
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"Ladies and gentlemen, boys and girls, we are now in Low Earth Orbit. Next stop Mars."  Next stop... Hyperbolic |
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Man this has been better than Shark Week...
and... BOOM!
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LAST 100,000!
Come and gittem!!!
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Again, Ken.. you need to explain your actions
Oh God, seriously man? You trip on the smallest of hairs hence VolanicEruptor |
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dayum...
looks like a feeding frenzy.
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 July 11th 2,100,000 July 14th 1,683,441 July 18th 1,291,509 Oops: 1,283,178  WHOA! 5 mins later: 1,045,777wall's evaporating. |
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now I'm craving Omelette du Fromage!
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Should Ken spend money to hire a professional design firm to build the website then?
Yes, a very big YES!! The website will be the face of the company - selling asic's to customers. It MUST be professional. We're talking about spending $1Million on NRE, but won't spend a few $1000's on a proper website?? I put almost no stock in the design and layout of a website. Anyone can make one look good, but I can see why certain people do feel this way. I would tend to disagree though, the website is not and will not be the face of the company. The customers and the delivery of a product, the miners, will be the face. A website is a marketing tool, pure and simple. ^THIS What? pretty soon there will be complaints about the design of the box the miner is going in... Packaging means fuckall. Packaging and design are a marketing gimmick that has been forced down our throats by corps and ad agencies. I'm a designer and I could give a shit what a companies website looks like unless they are a ad agency/design firm/etc. A fancy website means one of three things: 1. The VC's took control of the reins and bitched about needing a fancy website. 2. A lame template was purchased from any multitude of cheap template design sites. 3. Way too much time was spent making a fancy website ( cryoniks) so that a scam could be pulled off. We're not selling juicers to average joe customers. These are highly specialized machines that take an expert to run properly. The people who want to buy these devices could really give a shit how fancy the design of the site is as long as the product delivers what it claims. The more austere the more better. |
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Vbs: do you work for VMC? You seem like Ken's PR.
No, but I did my homework and keep doing it everyday. You don't think a company raising 6-7 figure amounts from the community based on the promise of a future product with no guarantees whatsoever that it's not a giant scam should disclose as much information about it to its investors? The typos and such are a secondary issue but they are relevant as that site, along with Ken's posts here, are the image of the company.
Deserving of my outrage? Certainly. And it should be for all of us as when we only ask mediocrity and invest in it, mediocrity is all we can expect back.
Mediocrity? Ken has spent a whole year developing the xilinx RTL code for the chip so that any of this is possible. He also got one of the best companies on the boat, eAsic, to finalize the chip's development in record time and mass produce it.Of course the web site can be improved but I would be CRAZY to invest on this based only on web-site cleanness and "company image". The meat is in the inside, not on the outside. All of you what have said might be true. Or it might not be. What my issue is with the site, the language, content mistakes and vagueness is that Ken wants people to trust him with not only the NRE funds raised from the shares but also with $4k preorders when the ONLY info found on the site's product page is a generic chassic picture and a few marketing lines about how fast the product is. There is no evidence whatsoever on this site that the business and the Fast-Hash-One is legit. None. It should be reasonable to expect criticism and doubt when the available information is so unclear and when there is so much money at stake. To me that is unacceptable from both a business and investor standpoint. Hmmm, here's a company with a slick website: cryoniks ...maybe you'd rather invest in them and play it safe. |
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AM Launches The Worlds Fastest Bitcoin Mining Machine At 24.576 TH/s SPRINGFIELD, MO, - July 16, 2013 - Active Mining (AM) and Virtual Mining Corporation (VMC) are announcing today the launch of the "World's Fastest Bitcoin Mining Machine". The Fast-Hash-One configured with 6 expansion cases and 96-256 GH/s bitcoin hashing cards makes it the Worlds fastest bitcoin mining machines hands-down. The machines use the "World's Fastest Bitcoin Mining Chip" the Fast-Hash-One 28nm 16 GH/s chip. The Fast-Hash-One machines starts at 256 GH/s with a retail price of $3,999 or $15.62 per GH/s also making it the price leader in the market place. The Fast-Hash-One series of bitcoin mining machines are "The Gold Standard Of Bitcoin Mining Machines"™ The Fast-Hash-One is available at: http://www.virtualminingcorp.comA few more announcements like this and that wall is going to vanish... |
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Curious what the new 29998 wall at 0.002499 on BTC-TC is all about?
Anyone?
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just curious - should i buy AMC from btct or activemining from bitfunder?
AMC from BTCT. This way your BTCs go directly to the company, not to speculators. +1. BUT if you're going to use Bitfunder, buy whichever is cheaper. If it ends up being AMC just make sure to trade them for ActiveMiner shares as soon as you're done buying. It is my understanding that once ACTIVEMINING is approved on BTC-TC, AMC shares will automatically be converted over. |
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Can't wait to read his writeup.
So the strategy with the marketing campaign is to raise NRE funds through preorders?
preorders can't be used to fund the NRE because what if the product never delivers and the customer needs a refund? A preorder is not a sale. Pre-orders can fund the NRE, just the company is liable for them like you said. It's not the best solution but it is a solution. You create a reserve account for refunds. Like 10%, or whatever percentage you think you will have in returns. I'm not talking about someone returning a product because the dog shit on it. I'm talking about the scenerio in which you don't have a final product. You would need a 100% reserve account if the products don't make it past the production stage. Hey, if you want to fuck around with preorder money, I'm all for it. As an investor that sounds great. Good thing I'm not a customer though, LOL. If you spend the money on NRE, there's almost nothing stopping anyone from having a final product except if they ran out of funds for the PCB (Then they could just sell chips) If you even put the tiniest bit of logic in any of your scenarios, you would see that you are trying to make mountains out of molehills. Ignoring seems so much easier than explaining. |
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I will be changing the wall in ActiveMining to around ~100,000 shares.
does this apply to the wall at BTCT as well? Most likely not. The BTC-TC wall is in fall getting eaten through. Still wondering if I should just sit tight on my AMC-PT shares? What is the certainty that these shares will be transformed into ActM? |
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I will be changing the wall in ActiveMining to around ~100,000 shares.
does this apply to the wall at BTCT as well? |
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Can I still partake?
1NYBEbsY4MVyLguv52HKHX1ePoZbx8vxbF
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Are plans still on with the visit to the office and meeting with Ken? Who's going?
Babefoot is going tomorrow (Saturday). Update to follow. Any last minute ideas before I leave tomorrow? What helpful information do you guys want to see that cannot be obtained through the forum? Not sure that if this was addressed already or if it's allowed - but pictures of equipment, team, etc. time stamped. I'm sure general impressions of Ken, the current (if nascent) setup etc would be useful. Might help put a few minds at ease on this thread if they are positive! Also, guys, I have paid for babefoot's gas. If any of you would like to send some additional satoshis babefoot's way to help cover the time and any misc expenses, that would be much appreciated! what's barefoot's bitcoin addy?? You can donate for this trip to this address: 17ar5rLH6wbQDy6yLc6sfYLVjEwkYBLbqV And thank you very much. done. Hopefully that'll getcha gallon... |
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what's barefoot's bitcoin addy??
1PrNbkjBRnUouaD6HfXJdz4PizbAT3awuq That's not his address... I was just being a smartass because it's what is in my signature. Don't send here.Heh? babefoot's address is not in his/her signature... |
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