[AMC]-The Official Active Mining Cooperative Discussion

[Streets 2.0]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

Yet no response from Ken?  I would think if he made a mistake (again) he would have said so already.  I too would like to know why it was so high.  One can speculate why...

Is Ken allowed to sleep? Or does your approach to business require abandoning this barbarous habit?

NO! The CEO of a company should be directly contactable by individual shareholders AT ALL TIMES!
(ps this is a joke)

He will be up in and hour and fifteen minutes, he sets his alarm for 6am 

[Ashitank]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

Only issued shares get dividends unlike what happen with previous dividends.

[discobean]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

Only issues shares get dividends unlike what happen with previous dividends.

That has nothing to do with them paying out 141BTC for a week of mining with a few Avalons.

[Flashman]

Maybe it does, if he mistakenly paid out to unissued shares in the last few dividends, this is a catch up.

[ArcticWolf]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

Only issues shares get dividends unlike what happen with previous dividends.

That has nothing to do with them paying out 141BTC for a week of mining with a few Avalons.

Possible explanation here https://bitcointalk.org/index.php?topic=252531.msg2712999#msg2712999
VBS explains it better a little further down as well

[chsados]

Remember that ActiveMining receives its dividends through the AMC shares it holds by tendering, so summing both is wrong.

Ok so AMC earned 141BTC then.  How did they almost triple their div in a week?

Each avalon machine is 1.1BTC a day, they would need 15-20 Avalons to generate that income.

Edit: on top of this, they are still doing 430GH/s, so nothing changed from last week.

In all seriousness... it might have been a typo.  183 satoshi's would have been expected, 1830 has to be a mistake.

Yet no response from Ken?  I would think if he made a mistake (again) he would have said so already.  I too would like to know why it was so high.  One can speculate why...

Is Ken allowed to sleep? Or does your approach to business require abandoning this barbarous habit?

As for 'One can speculate why...', give it up won't you? It has gotten stale and dare I say, very boring.  

He has been asked directly on IRC by many people and wont respond, but is responding to other questions :S  Hopefully some time today he will make an announcement here.

[lewicki]

He has been asked directly on IRC by many people and wont respond, but is responding to other questions :S

In what world in which people need to work to live, does it say that someone has to be glued to an IRC channel 24/7? It's been 10 minutes since someone started asking a question on IRC. Will you please cool it already?

[kslaughter]

He has been asked directly on IRC by many people and wont respond, but is responding to other questions :S

In what world in which people need to work to live, does it say that someone has to be glued to an IRC channel 24/7? It's been 10 minutes since someone started asking a question on IRC. Will you please cool it already?

This is all part of the merger process.

[chsados]

He has been asked directly on IRC by many people and wont respond, but is responding to other questions :S

In what world in which people need to work to live, does it say that someone has to be glued to an IRC channel 24/7? It's been 10 minutes since someone started asking a question on IRC. Will you please cool it already?

Feel free to hit the ignore button by my name.

He has been asked directly on IRC by many people and wont respond, but is responding to other questions :S

In what world in which people need to work to live, does it say that someone has to be glued to an IRC channel 24/7? It's been 10 minutes since someone started asking a question on IRC. Will you please cool it already?

This is all part of the merger process.

Insightful!

[lewicki]

Probably back pay from previous dividend weekends which included the rest of the 40 million shares. Just a guess however.

[ArcticWolf]

Probably back pay from previous dividend weekends which included the rest of the 40 million shares. Just a guess however.

Or possibly liquidation of AMC (or VMC) held assets that arent needed in the new merged company

[Vbs]

Cross-post:

I think there are about ~5.9M issued, so the total would be more like ~BTC108, with BTC86 from mining and probably with BTC22 coming from the old growth fund (which was previously excessively eating at least 85% of all dividends, 5.9M/40M), since all current expenses are probably paid already. All in all, a big thank you from Ken to everyone who stuck around.

Also, AMC-PT and ActiveMining divs come funneled from issued shares on AMC, so only look there to see the totals.

(AMC paid BTC141.12429300 to 7,711,710 shares, some of which represented pass-trough shares, so some of the BTC went back to the issuer; the real paid total to outstanding shares should be around the ~BTC108 above).

[FloatesMcgoates]

Cross-post:

I think there are about ~5.9M issued, so the total would be more like ~BTC108, with BTC86 from mining and probably with BTC22 coming from the old growth fund (which was previously excessively eating at least 85% of all dividends, 5.9M/40M), since all current expenses are probably paid already. All in all, a big thank you from Ken to everyone who stuck around.

Also, AMC-PT and ActiveMining divs come funneled from issued shares on AMC, so only look there to see the totals.

(AMC paid BTC141.12429300 to 7,711,710 shares, some of which represented pass-trough shares, so some of the BTC went back to the issuer; the real paid total to outstanding shares should be around the ~BTC108 above).

Interesting theory, but Ken has already stated that it was "because of the merger" and not because of the reasons outlined above, leaving me to wonder how a merger magically creates money

[lewicki]

Interesting theory, but Ken has already stated that it was "because of the merger" and not because of the reasons outlined above, leaving me to wonder how a merger magically creates money

Backpay from the reinvestment shares that collected dividends from before the merger.

[Vbs]

Interesting theory, but Ken has already stated that it was "because of the merger" and not because of the reasons outlined above, leaving me to wonder how a merger magically creates money

The merger has the effect of killing the growth fund "shares" and "rules", so any BTC there can be used. Remember that the growth fund has been receiving around 85% of all dividends since mining started.

Using the movements from https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa my estimate is that the growth fund has currently around BTC(262-8-80-22)*.85 = BTC129 less any expenses paid from those.

[FloatesMcgoates]

Interesting theory, but Ken has already stated that it was "because of the merger" and not because of the reasons outlined above, leaving me to wonder how a merger magically creates money

The merger has the effect of killing the growth fund "shares" and "rules", so any BTC there can be used. Remember that the growth fund has been receiving around 85% of all dividends since mining started.

Using the movements from https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa my estimate is that the growth fund has currently around BTC(262-8-80-22)*.85 = BTC129 less any expenses paid from those.

If you are on IRC with him all the time could you get a confirmation that this is the case? It kind of disturbs me that a CEO can't articulate something that seems rather easy to explain, I'm sure he sees how explaining a massive increase in BTC by giving an answer as vague as "because of the merger" raises several red flags.

[VolanicEruptor]

It's all part of the merger process!   

[LorenzoMoney]

Well, kids, Ken/Active Mining just paid out a nice dividend today.

What do all you critics say about that?

[Ashitank]

Well, kids, Ken/Active Mining just paid out a nice dividend today.

What do all you critics say about that?

Welcome to day before yesterday     

[lewicki]

Stop buying AMC you idiots. Buy ActiveMining.