[AMC]-The Official Active Mining Cooperative Discussion

[kslaughter]

VMC/AMC Merger

This is a Pre-Merger VMC Offering.

(This Is For Community Review Only)

The Final Offering May Be DIFFERENT

(This Document Is For Community Review Only And May Contain Errors)

========================================================================================================================================================================================

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC). Currently, it is expected for interested investors to hold 10,000,000 AM shares (40%), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60%), for a total of 25,000,000 AM virtual Shares.

The issuing of more AM shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all AM assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
AM shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM shares, on a 1:1 basis.

Dividend payment
The income, including mining income, sales via bitcoins or other cryptocoins and fiat income transferred to bitcoins, will be paid to AM shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

Our chips
Our chips
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashs per cycle. Chip requires proper handling of heat and power supply.

[ArcticWolf]

VMC/AMC Merger

This is a Pre-Merger VMC Offering.

(This Is For Community Review Only)

The Final Offering May Be DIFFERENT

(This Document Is For Community Review Only And May Contain Errors)

========================================================================================================================================================================================

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC). Currently, it is expected for interested investors to hold 10,000,000 AM shares (40%), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60%), for a total of 25,000,000 AM virtual Shares.

The issuing of more AM shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all AM assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
AM shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM shares, on a 1:1 basis.

Dividend payment
The income, including mining income, sales via bitcoins or other cryptocoins and fiat income transferred to bitcoins, will be paid to AM shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

Our chips
Our chips
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashs per cycle. Chip requires proper handling of heat and power supply.

This. I like this. This is much more concise and looks pretty solid.

Im excited for the merger!

[discobean]

It should be not called Active Mining (AM) as it is difficult to differentiate from ASIC Miner (AM)

[kslaughter]

It should be not called Active Mining (AM) as it is difficult to differentiate from ASIC Miner (AM)

Well maybe that would not be so bad.

[metalh47k]

Love your work kslaughter.

I think being in competition with ASIC Mining, Active Mining is a good name for it, anything else would seem second rate to me.

ASIC Mining is clearly ASICMINER-PT on BTC-TC and Active Mining will more than likely be AM-PT. They may be confusion if someone refers to ASIC Mining as AM, but I feel people will still refer to this as AMC even though it will be AM to differentiate.

[oaxaca]

It should be not called Active Mining (AM) as it is difficult to differentiate from ASIC Miner (AM)

With ASICMINER running at 110nm and Active Mining running at 28nm, it's them that should be worried.

[discobean]

ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

I don't get it, does it look like this now?

    AMC
  ---^---
  |       |
 AM   VMC

AMC owns a 100% VMC, and owns 60% of AM?

[discobean]

It should be not called Active Mining (AM) as it is difficult to differentiate from ASIC Miner (AM)

With ASICMINER running at 110nm and Active Mining running at 28nm, it's them that should be worried.

Active Mining are not running anything right now.

[hl5460]

ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

I don't get it, does it look like this now?

    AMC
  ---^---
  |       |
 AM   VMC

AMC owns a 100% VMC, and owns 60% of AM?

Ken, It's better to illustrate your idea of merger like this post to clarify the confusions. It's direct and has no ambiguity.

[Streets 2.0]

Just some thoughts because I am a bit confused.  It sounds like AMC and VMC merge in this scenario but ActiveMining is now created and also held by AMC?  Why now is a third company being created and issued shares?  If AM is held by owners of AMC, and AMC's business includes mining and sales, then shouldn't AMC just be where the dividends and shares are held, and why would an existing AMC shareholder trade their shares 1:1 for AM shares with AMC being the parent company?

This is just kind of sideways.

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC). Currently, it is expected for interested investors to hold 10,000,000 AM shares (40%), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60%), for a total of 25,000,000 AM virtual Shares.

The issuing of more AM shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all AM assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
AM shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM shares, on a 1:1 basis.

Dividend payment
The income, including mining income, sales via bitcoins or other cryptocoins and fiat income transferred to bitcoins, will be paid to AM shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

Our chips
Our chips
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashs per cycle. Chip requires proper handling of heat and power supply.

Just taking a stab at less confusion, sorry for typos

Introduction (AMC)
Virtual Mining Corporation (VMC) is a wholly owned subsidiary of Active Mining Corporation (AMC) and is totally held by the owner(s) and shareholders of the Active Mining Corporation (AMC). The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC). Currently, it is expected for interested investors to hold 25,000,000 AMC shares across exchanges.

The issuing of more AMC shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs and the majority approval of board members who hold X amount of shares (not sure on this number, ASICminer is 5000 out of the 400k issues for 1.25% ownership if my math is correct, 300k shares for a board seat?  Sounds crazy, want to think on this more). Existing shareholders will also receive the first choice for buying new shares before they are sold on the open market. The volume and pricing of new shares shall be determined by Ken and the board, so that it should be such that the total value of all AMC assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
AMC shares will be sold on BitFunder and BTCT.CO to interested investors.

Dividend payment
The income, which includes mining income, sales via bitcoins or other cryptocoins, and fiat income transferred to bitcoins from sales and other income, will be paid to outstanding AMC shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.  No dividends will be paid to unsold shares of Active Mining Corporation.

Our chips

Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashs per cycle. Chip requires proper handling of heat and power supply.

This could be backwards, I don't write asset contracts on the regular

[bigdude]

I don't think that is going to happen, AMC will continue to exist for a long time to come.  Even if the 10M shares where all swapped for VMC shares, AMC still has more to offer and will continue to grow.  The only difference will be that some of the revenue from AMC will flow into VMC.  I think it is a win for AMC and a win for VMC.  

Ken, from the bolded points above, it is clear that you have mixed up what was supposed to happen ... what everyone was asking for.

AMC and VMC was supposed to be merged ... so that there is only ONE entity.

Now, you are completely changing this around so that both will still exist, and AMC will grow ??

This is completely wrong! and will bring us right back to all the issues and dramas of the last 130 pages of this thread.

You need to merge AMC into VMC, with the express intention of COMPLETELY dropping AMC from existence.

Sure, it will take sometime for all AMC shares to be swapped over, but no one is going to hold on to AMC shares on purpose when they know AMC is being closed/merged into VMC.

If you don't do this, and FIX what you have been saying for the past few pages, then we are right back where we started. Two companies, and a lot of crap in between.

Please fix it, and stop confusing/mixing sh!t up.

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation.

So ... instead of simplifying things and moving from 2 companies to 1 - you introduce a 3rd one.

So now, 3 companies!  

Ken, seriously mate, you need to think things through properly, or find someone to do it for you.

Shareholders/investors are asking for ONE company, and you keep complicating things.

This does not bode well.

[Streets 2.0]

I don't think that is going to happen, AMC will continue to exist for a long time to come.  Even if the 10M shares where all swapped for VMC shares, AMC still has more to offer and will continue to grow.  The only difference will be that some of the revenue from AMC will flow into VMC.  I think it is a win for AMC and a win for VMC.  

Ken, from the bolded points above, it is clear that you have mixed up what was supposed to happen ... what everyone was asking for.

AMC and VMC was supposed to be merged ... so that there is only ONE entity.

Now, you are completely changing this around so that both will still exist, and AMC will grow ??

This is completely wrong! and will bring us right back to all the issues and dramas of the last 130 pages of this thread.

You need to merge AMC into VMC, with the express intention of COMPLETELY dropping AMC from existence.

Sure, it will take sometime for all AMC shares to be swapped over, but no one is going to hold on to AMC shares on purpose when they know AMC is being closed/merged into VMC.

If you don't do this, and FIX what you have been saying for the past few pages, then we are right back where we started. Two companies, and a lot of crap in between.

Please fix it, and stop confusing/mixing sh!t up.

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation.

So ... instead of simplifying things and moving from 2 companies to 1 - you introduce a 3rd one.

So now, 3 companies!  

Ken, seriously mate, you need to think things through properly, or find someone to do it for you.

Shareholders/investors are asking for ONE company, and you keep complicating things.

This does not bode well.

I kind of have to agree, his post made me put up sell orders

[Franktank]

VMC/AMC Merger

This is a Pre-Merger VMC Offering.

(This Is For Community Review Only)

The Final Offering May Be DIFFERENT

(This Document Is For Community Review Only And May Contain Errors)

========================================================================================================================================================================================

Introduction
ActiveMining (AM) is a virtual identity totally held by the owner(s) of the Active Mining Corporation. The Active Mining Corporation's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC). Currently, it is expected for interested investors to hold 10,000,000 AM shares (40%), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60%), for a total of 25,000,000 AM virtual Shares.

The issuing of more AM shares will be allowed in the future, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all AM assets (tangible and intangible) per share does not diminish, protecting shareholders as much as possible from future dilution of value.

How to buy shares
AM shares will be sold on BitFunder and BTCT.CO, following asset approval. Existing Active Mining Cooperative (AMC) shareholders will be entitled to trade their shares for AM shares, on a 1:1 basis.

Dividend payment
The income, including mining income, sales via bitcoins or other cryptocoins and fiat income transferred to bitcoins, will be paid to AM shareholders proportionally, when all manufacturing, maintenance, labor costs, R&D, and miscellaneous expenses are deducted.

Our chips
Our chips
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashs per cycle. Chip requires proper handling of heat and power supply.

This. I like this. This is much more concise and looks pretty solid.

Im excited for the merger!

That's because it originates from this:

Introduction
ASICMINER is a virtual identity totally held by investors of the Bitfountain company. The Bitfountain company's business includes mining with self-built ASIC devices, as well as the sales of them. Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares. ASICMINER shares have the privilege of getting all net profits till 0.1BTC/share from the day when dividends began to be paid. They also have the exemption of dilution, which means that each ASICMINER share always equals to 1/400,000 of the total profits and voting power of the summed value from both ASICMINER and Bitfountain.

How to buy shares
There are no public exchanges approved or chosen by us yet. Nor we will be selling any of them without a public announcement. Currently you could only buy shares from earlier investors privately with or without third-party escrows. We provide no escrow service. The trade should be registered in our database to make the dividend payment conform with the transfer.

Dividend payment
The income, including mining income, sales via Bitcoins, and fiat income transferred to Bitcoins, are paid to ASICMINER and Bitfountain shareholders proportionally after the ASICMINER shares are paid by 0.1BTC each from the day when dividends began to be paid, when maintainance costs, labor costs, and R&D costs are taken.

Our chips
Generation 1: Block Eruptor. 130nm with 6-8J/GH. Each chip's rated frequency is 336MHz at 1.05V. It translates to 336MH/s because it does one hash per cycle. The chips work stable and well at 392MH/s at 1.15V. Further overclocking needs proper handling of heat and power supply.

And things started to look interesting too 

[VolanicEruptor]

just because he's learning doesn't mean he will fail

[ArcticWolf]

A subsidiary type setup is very common in the business world. I dont understand why people are so upset by this setup?

[discobean]

I'm pretty sure this scam is coming to an end now.

[VolanicEruptor]

I'm pretty sure this scam is coming to an end now.

sell then

[ArcticWolf]

I'm pretty sure this scam is coming to an end now.

sell then

And then check back in 2 months. My bet is you will be sad you sold.

[discobean]

I'm pretty sure this scam is coming to an end now.

sell then

And then check back in 2 months. My bet is you will be sad you sold.

I did sell, at 0.00249999, you probably saw me sitting in the queue.

I'm just sad I didn't get more at 0.0008 dip to sell again now.

[discobean]

I'm curious about the last div, 0.00000139, for 100m shares they earned 139BTC for the week?

That's 20BTC a day?

Where did they even earn 20BTC a day from?