[ActiveMining] The Official Active Mining Discussion Thread

[LorenzoMoney]

Would like to propose a NEW THREAD for ActM.
And, the only people who should be permitted to post in that thread would be shareholders who have over 100,000 shares on ActM on any exchange.

Does ActM really need another thread on here? Well, not really. Three is quite enough, but the bigger share holders seem all to have long term perspectives, have some common interests, and it might be an interesting conversation. I, myself, decided to buy AMC in quantity, because Ken made the offer of a discounted price on the Fast Hash 80 to anyone who 100K shares or more.  I am hoping that offer still holds. What do the above 100k shares shareholders think? Would you all like a thread that was more limited to the serious, less speculative investors?

Can we reduce the number of open "Official" threads for ActiveMining? Or maybe rename so they reflect the content better?

1) [ActiveMining] The Official Active Mining Discussion Thread  - 68 pages
Edit: 2) [AMC]-The Official Active Mining Cooperative Discussion - 162 pages
3) ActiveMining Overview and Speculation Thread  - 12 pages


Close down 1 or 2 and leave on for chit-chat and create one for official announcements/reports only and keep it closed for comments.
People can use the chit-chat thread for that.

Thank you.

I don't get you - two separate entities, two separate official threads. The third thread you quoted is not even official so where is the problem?

It started out as #2 and because contract changes, #1 was created. Do not worry about the third.

#1 has grown to 141 pages and most of it is noobs pulling wild theories out of they ars.
#3 has grown to  49  pages and most of the useless chit chat we see in "[ActiveMining] The Official Active Mining Discussion Thread# belongs there.

Scanning trough pages upon pages of this junk, generated buy blabbering noobs and ranting apologist, is total waste of everyone's time.

Ken, to keep the speculations at bay (at least try), can you start issuing short regular statements (2 or 3 times per week)?
Only few lines will be enough and all you really need to write down is what have you done in past few days and what are you planning to do in next few days. (Like they do in scrum meetings, but replace the "yesterday" and "today" with last 2 days next 2 days. (only important stuff!)

You can send that information out via btct.co system so shareholders receive it before the forum dwellers do.

Cheers and hopefully you understand why writing we lines, following the same format, will actually save you time and help you to concentrate on important stuff.

PS! When can we expect the monthly statement (including updated PL, CF and balance sheet)

[1715298065]

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[1715298065]

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[LorenzoMoney]

You have a GREAT point! Does Friedcat publish a public phone number which can be called by anyone? Does he actually ever speak to his shareholders?
Does he ever answer his email?

                                         
Answers Telephone When called:
Replies to email with a day or two:



 

Its been ages since Friedcat posted anything on the threads..

[bobboooiie]

Its been ages since Friedcat posted anything on the threads..

2 whole days ?

[canth]

Its been ages since Friedcat posted anything on the threads..

2 whole days ?

2 entire bitcoindays. That's forever in bitcoinlandia, where if your company can't return >1000% investment returns in 3 months, it's dead.

[Panterino]

Let's keep on topic. Anyone know how many Avalon clones we'll have before the eASIC hardware comes out?

[Vbs]

Since there is a current trend of new 110/130nm appearing everyday saying that 28nm is such a bad deal, I'll just leave this here.

http://semimd.com/blog/2013/02/21/foundry-arms-race-under-way/
A year ago, chipmakers were reeling from a severe shortage of 28nm foundry capacity, prompting foundries to ramp up their fabs at a staggering pace.

At the time, foundries were unable to keep up with huge and unforeseen demand for mobile chips. The shortfall was also caused by low yields and the overall lack of installed 28nm capacity.

Today, the 28nm crunch is largely over. The foundries have caught up with the demand and customers no longer are feeling the pinch. And as it turns out, 28nm is a sweet spot for many devices and the technology will remain a long-lasting node.

However, the overzealous foundries may have expanded too fast. In fact, there are some signs of a possible foundry glut, and falling fab utilization rates, for 28nm and other processes in 2013. “I don’t see a shortage problem,” said Samuel Wang, an analyst at Gartner. “But overall utilization rates for advanced technologies will go down this year.”

Bottom line: there is currently already more supply than demand for manufacturing 28nm chips.

[adub]

Would like to propose a NEW THREAD for ActM.
And, the only people who should be permitted to post in that thread would be shareholders who have over 100,000 shares on ActM on any exchange.

Does ActM really need another thread on here? Well, not really. Three is quite enough, but the bigger share holders seem all to have long term perspectives, have some common interests, and it might be an interesting conversation. I, myself, decided to buy AMC in quantity, because Ken made the offer of a discounted price on the Fast Hash 80 to anyone who 100K shares or more.  I am hoping that offer still holds. What do the above 100k shares shareholders think? Would you all like a thread that was more limited to the serious, less speculative investors?

I think it's a good idea but there unless the admins of bitcointalk create a special membergroup for ActM shareholders with 100k+ shares, posting can't be restricted.

[Streets 2.0]

We should add FriedVbs to the "fried" list.

LOL we are the antithesis apparently, how about Grilled???

[BitcoinForumator]

We should add FriedVbs to the "fried" list.

LOL we are the antithesis apparently, how about Grilled???

Sure, and RoastedStreets.

[EskimoBob]

All I am actually asking for, is one forum thread, with only Ken's regular announcements
No brain-farts, no fanboys dry-humping Kens leg. Only regular official statements from Ken.

It's not that hard to make a moderated thread and close this cluster fuck down for good.

[AngelSky]

Its been ages since Friedcat posted anything on the threads..

2 whole days ?

2 entire bitcoindays. That's forever in bitcoinlandia, where if your company can't return >1000% investment returns in 3 months, it's dead.

rofl, so true.

[SamuelSG]

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

[EskimoBob]

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

See page #1  https://bitcointalk.org/index.php?topic=252531.0

[Vbs]

Just looking for some clarity here, as I understand it, the July 31 deadline for tendering AMC shares is moot, and they are supposedly going to be automatically converted on BitFunder now?

I have a few thousand still in the tender, but after the long wait, haven't put the rest there.

Is my understanding correct?

Yep! Any current AMC shares will be tendered automatically by Ukyo (BitFunder's Admin) and any already sent to Ken will be manually tendered by him, as usual.

[Streets 2.0]

All I am actually asking for, is one forum thread, with only Ken's regular announcements
No brain-farts, no fanboys dry-humping Kens leg. Only regular official statements from Ken.

It's not that hard to make a moderated thread and close this cluster fuck down for good.

Not that I wouldn't like for there to be more exposure, but in a way this already exists.

https://bitcointalk.org/index.php?action=profile;u=1707;sa=showPosts

If you don't like all the clutter, believe me I don't either, just bookmark that link to only see Ken's updates.  There are already three threads dedicated to ActM, the AMC initial thread could be locked and closed, I have already transferred over all the important information from that thread anyway.

[Mabsark]

I don't have the shares and I have no idea when I will get them back off Ken. If you're okay with that though, I'd be willing to sell you 2000 shares @ 0.0055 BTC each for a total of 11 BTC. I don't know why you would want to do that though, but it's your choice.

Does this offer still stand?

Yes, if anyone is interested, the offer still stands.

[funkymunky]

I don't have the shares and I have no idea when I will get them back off Ken. If you're okay with that though, I'd be willing to sell you 2000 shares @ 0.0055 BTC each for a total of 11 BTC. I don't know why you would want to do that though, but it's your choice.

Does this offer still stand?

Yes, if anyone is interested, the offer still stands.

I've replied to your PM about taking these
Thank you

[FloatesMcgoates]

Wont tendering all AMC shares put the overall amount of ActiveMining shares well over 25,000,000?

[Vbs]

Wont tendering all AMC shares put the overall amount of ActiveMining shares well over 25,000,000?

Nope, since all AMC shares in the "AMC-TENDER" account will have to be de-issued first. The final total of ActM shares should be ~9.7M.

[grimholt]

I did some simple math to figure out the Annual Return rate on dividends once we have 6TH/S up and running.

First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)

Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week

350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend

.000035BTC x 52 weeks = .00182BTC/share annual dividend total


.00182BTC/share anually is 36.4%



Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.  

What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!

This is why I view the eASIC deal as ICING ON THE CAKE.  We're not talking about your regular icing, though.  We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.    

This is one hell of a fucking cake, ladies and gentlemen.  

Look at a company like BASICmining, their share value reflected their current equipment without any kind of development of their own.  
You don't look at it and say "Oh this won't be profitable a year from now!".  Obviously every company is going to attempt to adapt, whether it be purchasing new equipment or making their own, but so far I have noticed that current hashrate is the dominating factor of share value.  

I should have added one last assumption:
"The company continues to adapt to increasing difficulty through various means".

Same with ASICminer.  You don't base your annual return projection on a constant hashrate for an entire year.  You expect them to continue growing, but the current hashrate is all you can base the true value on as adaptations aren't as predictable.  

In the end, the current dividends are what matters to people, and from there you can only make guesses on the miners ability to maintain this.  36% is incredible.  

I like the way you think, VE.