[ActiveMining] The Official Active Mining Discussion Thread

[VolanicEruptor]

I believe the money shall be used as a bribe for eASIC to throw away NDA and let us know what the fuck is going on.  I would pay big money for that.

LOL VE, good to see you back to your usual voluble self.   

IDK why you are so eager to know whether ACTM's <20GH failASIC is on schedule or not.

Wouldn't you rather pay the cancellation fee to get back whatever we can salvage out of eASIC, and buy some real 28nm chips to deploy down the Batcave?

OMG you are so right!  You just convinced me to sell my shares!... heyyy... wait a minute..



get the fuck away from my shares boy!  

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[VolanicEruptor]

I believe the money shall be used as a bribe for eASIC to throw away NDA and let us know what the fuck is going on.  I would pay big money for that.

$5k?

I would pay that.. yes. 

Go pay them and see if it works 

Okay.. after tomorrow

[neilol]

The answer is it depends. Is there a clear plan Ken can articulate for reinvesting the funds at a high IRR (higher than we can achieve on our own) along the lines of the core business of ACTM that fits reasonably within his business plan? If yes then he should re-invest it. If not he should give it back as a dividend.

Until you know that you cant make a decision about what to do with the money..

[BitcoinForumator]

iCEBREAKER's latest comment on "Re: [BTC-TC] CryptX introduces the PETA-MINE - IPO launched" thread.

"I've learned an expensive/valuable lesson today, by missing the opportunity to buy cheap Ice.Drill/ACTM shares on BF because my coins are stuck in BTCT's completely shitty manual withdrawal queue."    

[N_S]

It's no secret iCEBREAKER is an ActM supporter.

[zumzero]

I would have reinvested my dividends from mining with the Avalon chips, although the share price would have been significantly higher than it is now, due to that success.

If we reinvest this refund into the company, I lose the ability to purchase more shares at a lower price thus expanding my ActM ownership which benefits me in the long run.

[iCEBREAKER]

iCEBREAKER's latest comment on "Re: [BTC-TC] CryptX introduces the PETA-MINE - IPO launched" thread.

"I've learned an expensive/valuable lesson today, by missing the opportunity to buy cheap Ice.Drill/ACTM shares on BF because my coins are stuck in BTCT's completely shitty manual withdrawal queue."    

I did manage to get 800 cheap ACTM shares.

I'm glad the BTCT delay prevented me from buying more ACTM, because the Ice.Drill tape-out announcement changes everything.

Thanks for threadstalking me!   

[ffssixtynine]

The answer is it depends. Is there a clear plan Ken can articulate for reinvesting the funds at a high IRR (higher than we can achieve on our own) along the lines of the core business of ACTM that fits reasonably within his business plan? If yes then he should re-invest it. If not he should give it back as a dividend.

I expect it'd go back into the revenues needed to get through the various plans, reducing sales requirements accordingly, so potentially speeding things up a little.

Since time is, quite literally, money, I could see its worth.

[iCEBREAKER]

iCEBREAKER's latest comment on "Re: [BTC-TC] CryptX introduces the PETA-MINE - IPO launched" thread.

"I've learned an expensive/valuable lesson today, by missing the opportunity to buy cheap Ice.Drill/ACTM shares on BF because my coins are stuck in BTCT's completely shitty manual withdrawal queue."    

I did manage to get 800 cheap ACTM shares.

I'm glad the BTCT delay prevented me from buying more ACTM, because the Ice.Drill tape-out announcement changes everything.

Thanks for threadstalking me!  

Why even get measly 800 shares when ACTM is such a shitty Cyrix option? You get only oportunistic cost from doing that. Might as well go with AMD and Intel.

Because there is sufficient irrational exuberance associated with the ACTM security to almost guarantee I'll be able to sell those shares for a good percent more than I paid.

/Speculation 101

[iCEBREAKER]

iCEBREAKER's latest comment on "Re: [BTC-TC] CryptX introduces the PETA-MINE - IPO launched" thread.

"I've learned an expensive/valuable lesson today, by missing the opportunity to buy cheap Ice.Drill/ACTM shares on BF because my coins are stuck in BTCT's completely shitty manual withdrawal queue."    

I did manage to get 800 cheap ACTM shares.

I'm glad the BTCT delay prevented me from buying more ACTM, because the Ice.Drill tape-out announcement changes everything.

Thanks for threadstalking me!  

Why even get measly 800 shares when ACTM is such a shitty Cyrix option? You get only oportunistic cost from doing that. Might as well go with AMD and Intel.

Because there is sufficient irrational exuberance associated with the ACTM security to almost guarantee I'll be able to sell those shares for a good percent more than I paid.

/Speculation 101

Can you prove your positions on the securities you have?

I only put my mouth where my money is, and have already posted my Bitfunder/Weexchange address.  Do try and keep up.   

[ffssixtynine]

Guys, can we not reply to Icebreaker et al here. Those posts are for the speculation thread or PM, not for here.

More feedback on the avalon situation would be appreciated.

[zumzero]

Please, for everyone who has IGNORED bALLBREAKER, do not quote him as we are then forced to read his nonsense.  Didn't know he was such a high roller though, with an 800 share purchase.  Think I might have followed through I laughed so hard!

[VinceSamios]

Clearly if Ken reinvests the money then it's better in the long term as long as all the plans are followed through.

If an investor isn't confident about a total re-invest they wouldn't be happy holding any shares atall surely? I'd just be putting my 'super-div' (TM) into more shares, but if a reinvest makes the shares I hold already worth 10% more in the long run that's a better deal?

A quick comment on this...

Reducing value in the company resulting in an increase in share price is a dangerous situation because it shouldn't, but will, happen. this is why paying out dividends is the wrong thing to do because the "dividends" aren't from profits. They are false.

[N_S]

Guys, can we not reply to Icebreaker et al here. Those posts are for the speculation thread or PM, not for here.

More feedback on the avalon situation would be appreciated.

Agreed. Please.

I think neilol's point about having a well defined plan for the IRR would be wise. Things have a tendency to just disappear when they aren't allocated to specific needs. The idea of using the money for additional chip/hardware capital seems a decent option.

I'm not sure where the website work currently stands, but (as has been noted by Ken/the board) it needs work. In a similar vein, perhaps advertising?  After all, the topic was brought up not long ago that ActM seems to be left out of talk surrounding upcoming 28nm operations in media outlets like Coindesk et al.

[kingcrimson]

Guys, can we not reply to Icebreaker et al here. Those posts are for the speculation thread or PM, not for here.

More feedback on the avalon situation would be appreciated.

I'm not sure where the website work currently stands, but (as has been noted by Ken/the board) it needs work. In a similar vein, perhaps advertising?  After all, the topic was brought up not long ago that ActM seems to be left out of talk surrounding upcoming 28nm operations in media outlets like Coindesk et al.

Agreed, CoinTerra is successfully spamming r/bitcoin every day. They are getting really high visibility.

[N_S]

Also, this idea is naive and uneducated probably, but what about investing money into a Custom chip?

Doesn't sound naive to me. This sure seems an area where ActM is criticized (fairly or otherwise). But I'd be interested in discussing this.

[Stuartuk]

If we reinvest this refund into the company, I lose the ability to purchase more shares at a lower price thus expanding my ActM ownership which benefits me in the long run.

But the reinvest should - if the business succeeds - make those same shares you hold now worth 10, 15, or 20% more in the future. So for example you could buy 5% more shares with a super-div or hold the same number of shares which will be worth 20% more in value in a few months after a re-invest.

ff makes a really good point - time is crucial and if a reinvest speeds things up we will get mining sooner, at a lower difficulty, and divs will be bigger and come along quicker than with a super-div pay out now.

[N_S]

ff makes a really good point - time is crucial and if a reinvest speeds things up we will get mining sooner, at a lower difficulty, and divs will be bigger and come along quicker than with a super-div pay out.

Yep. Fantastic point.

[Pale Phoenix]

Guys, can we not reply to Icebreaker et al here. Those posts are for the speculation thread or PM, not for here.

More feedback on the avalon situation would be appreciated.

It's actually quite simple. If the company can't make better use of its capital than shareholders, it should go out of business. This isn't a widow / orphan stock, it's a start up tech company where presumably every dollar / coin can be put to use.

Any return of capital, at this point, will be taken as an admission that the company has no confidence in its own ability to deploy capital to increase shareholder wealth.

Edit: As to creating a plan for the use of the refund... let's not get bogged down in that. We don't really even have an updated plan as to the main business, so perhaps this is a blessing in disguise. All efforts can be directed toward the eAsic chips, and the infrastructure needed to deploy and sell them.

[Stuartuk]

And if a super-div payout largely goes back into the stock then speculators could have it all away in a week. Better kept inside the company to do work and we get the eventual profits, not this investment money.