So how do you explain a hundred of these flying of the shelves in a matter of hours, especially with no pre-marketing in the led up. Ken announced it and someone bought them all right away.

That's what I thought, so the Avalons and Klondikes are on BTCGuild, and we know they exist as we have seen them before.

So regarding this terahash on Eligius, I assume that is our prospector card and not cex.io? I do wish we could have a photo of the hundred prospector cards, that would be very good.

Hey Ken we have a terahash online right, could you take a photo of that hardware because lots of shareholders think it's cex.io again.

We know the Klondike's and existing Avalons hash around 800gh.

So we are now a hashfast reseller? I'm really confused about this now.

Can we agree that some photos are a good idea at this point? I wouldn't mind looking at some boards.

So it's not preorder and available now but we can't have real photos?

Can you confirm the boards are activemining designed and built?

Also how far along is the 28nm of our own design?

Regarding the 200th farm. I'm very happy progress is being made. Thanks Ken.

Ken. Are we still creating a 28nm chip of our own? Or is that project on hold?

Also, I assume the boards we are using are our own. Is that correct (minus whoever's chip we're using for now)

Ok sure the burden has always been there, but most miners have not been paying tax and in addition to every American miner having to keep track of the fiat price as their coins are mined the consumer is now going to be even more confused.

Every time someone buys a product with their bitcoins, they now have to declare profit or loss for that transaction compared to value of that coin when they earned/mined it.

But I digress, my point was more about how American Bitcoin miners can no longer remain competitive in the world. Before at least we could go under the radar so to speak, we had to otherwise the rest of the world would be too efficient for it to be worth our time. But now it's in stone, Bitcoin mining in the United States will essentially be impractical. Hardware that is cost effective in China most likely will not be cost effective in the United States.

I could easily be wrong, in fact I want to be.

User modeless on hackernews reckons all USA miners will have to pay 40% of every mined coin!

http://i.cdn.turner.com/money/2014/images/03/25/IRS_Notice_2014_21.pdf?iid=EL

https://news.ycombinator.com/item?id=7467721

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html


It seems like the latest tax advice from the IRS will put American miners in a less competitive position in relation to other companies that will likely never pay any meaningful tax.

Basically you have to deduct the amount earned in fiat in real-time as you mine your coins. People who mined during the peak and did not convert into fiat are now liable to sell double the bitcoin just to pay their taxes.

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

So after we deduct the losses (Several million dollars) ActiveMining will have to sell 30%-40% of every mined bitcoin on the day!

So now we have only a third for reinvestment and a third for dividends.

$3 and I am done, I would consider $3 a share one of the top 3 things to happen in my life.

Zum what are you smoking?

Try 0.0007

Wait Funky, you have been seriously misinformed.

We are ordering 200TH to go on our designed boards. The custom chip of our own design will hopefully be ready after we get 200TH online from our competitors.

It's true that 0.00015 is optimistic. To be honest I doubt we'll ever see above 0.00005 once we start trading all 10,000,000 shares.

I argue that 0.00015 will be our peak after share release, with the companies account allowing for a stable price of 0.00008. Of course if we have to wait 3 months to get competitors chips then 0.00001 will be more likely.

I currently value a share at 0.00015 btc.

I know that a million shares are ready to sell around the 0.0001 - 0.0002 mark as soon as we trade.

Isn't this like saying "If we had Satoshi's million bitcoins, we'd be rich?"

The patent has no relevance to Bitcoin mining, it's primary focus is Input/Ouput logic.

In addition; this makes little to no sense:


The Chinese regularly ignore US patent law and I don't see ASICMINER as rich as the Rothchilds.

Absolutely not. Ken is for certain using other peoples chips.

However, if he is using our boards and has a 28 soon on the way then I believe this is a good decision (Of course assuming he gets 200TH online very soon).

Things that could make this the end:

- We are not even using our own boards. This would show we actually have zero intellectual property and no ability to run our own chips when they come.
- We don't have our own 28 on the horizon. If Ken has lied and there is no production of a custom chip, then we're inevitably doomed.
- We buy 200TH and it arrives in 3 months. Would have been better to simply liquidize the company.

I am hoping these things are not going to be the case. Ken could already inspire a little confidence by telling us that the boards are our own and we are not too far from having our full custom arrive preferably after we get the 200TH of competitors chips online.

If Ken hasn't aimed the BTGUILD miners towards Eligius then we are now making 0.1 per day.