[ActiveMining] The Official Active Mining Discussion Thread

[stereotype]

For those who are a bit slow on the uptake, think of how ActM's price just shot up to 0.006x BTC in minutes just from confirmation that there would be no new hashing power till half way through November. Now, think about how LC's price is going to increase when then actually start mining and paying divs in a couple of days. It should be obvious the price is going to smash 0.01 BTC and it's going to do so in a matter of minutes. This will cause big selloffs in ActM as people switch to LC, like we just saw with people selling LC to buy ActM.

and then think about, come mid-november, which ActM blasts LC out of the pond with hashing power, whats going to happen to respective share prices. Sorry buddy, I'm in for the long haul.

Which is when you sell LC and buy ActM. See how much more profitable it can be when you invest your BTC and not your emotions?

Mabs. Why not start your own trading thread?

[1714973865]

1714973865

[1714973865]

1714973865

[1714973865]

1714973865

[Ytterbium]

People who think they are smart enough to day trade are in for a shock - what you've described above is purely luck. but you will come unstuck one day.

I did the same thing, sold LC to buy ActM at 0.0039 when I saw the press release, then sold ActM as soon as I could when is stopped shooting up. I made about 65% in 20 minutes.

There was luck in being one of the first people to see the news, but other then that it was super obvious that the price would shoot up, and there was no reason to hold once it seemed like it peaked, since no more news was going to be coming.

People who look at charts and try to guess where stocks are going to go are being ridiculous.  But trading on news is not very difficult if you're quick off the blocks. In a real market the news would be processed by everyone nearly instantly.

[zumzero]

Would people stop going on about their trading experiences please.   No one really cares.  Either write a diary or head over to the spec thread.  

[Pompobit]

so, the NDA is over, now?

Or is it still up and the eAsic press release is all we get for now?

Can we expect some more chip info from Ken?

[drawingthesun]

I think that the news is over we are heading back into 0.003 territory. Not a lot of confidence over here.

[Pompobit]

I think that the news is over we are heading back into 0.003 territory. Not a lot of confidence over here.

yes yes, believe it 

[dexX7]

ELI5 please, if anyone can..

What's the difference between an full custom ASIC, standard cell ASIC and eASIC?

[minerpart]

ELI5 please, if anyone can..

What's the difference between an full custom ASIC, standard cell ASIC and eASIC?

eASIC is a company, the other two are chips.

[zumzero]

I think that the news is over we are heading back into 0.003 territory. Not a lot of confidence over here.

Thanks for gracing us with your presence.  Bye.

[minerpart]

The VMC website has already been updates with the excellent eASIC news which is great.

I would like to see more made of the eASIC deal though in terms of selling pre-orders.

Unlike a lot of btc hardware companies we now have a solid expert partner so the likelihood that our hardware will ship on time is very very high now. So customers can safely pre-order knowing that mining returns will be guaranteed at a set date, they can then do the maths to work out their out-lay vrs profitability.

We could corner the pre-order market (however big that is right now) with this solid news. So long as we big up the fact that shipping is almost guaranteed to occur ONTIME with this partnership deal.

[bigdude]

so, the NDA is over, now?

Or is it still up and the eAsic press release is all we get for now?

Can we expect some more chip info from Ken?

I think this is the most pertinent of questions now.

Is the NDA over? We can ask questions without a 'sorry NDA' response.?

[Vigil]

Are we eventually not going to run out of investors who jump at news only to be let down when there is a massive sell-off returning the share price back to the ground and leaving bag-holders?

[Pompobit]

Are we eventually not going to run out of investors who jump at news only to be let down when there is a massive sell-off returning the share price back to the ground and leaving bag-holders?

If you are talking about the actual sell off, seems like btc are just leaving btct, they are not reinvesting in other companies. Probably is due to the fall of bitcoin price of last night and investors are scared and want to convert in fiat.
I'm confident about the price will rise again soon, but I don't care, after the eAsic press release I'm definitively long with ActM

[LorenzoMoney]

Would people stop complaining about people who are going on about their trading experiences?

Some people really do care about trading and not about the complaints about people who do not like posts about trading.

All that being said, the stories of trading which some of us enjoy so much really belong on https://bitcointalk.org/index.php?topic=254930.0 and not in this thread.

 

Would people stop going on about their trading experiences please.   No one really cares.  Either write a diary or head over to the spec thread.  

[zumzero]

Would people stop complaining about people who are going on about their trading experiences?

Some people really do care about trading and not about the complaints about people who do not like posts about trading.

All that being said, the stories of trading which some of us enjoy so much really belong on https://bitcointalk.org/index.php?topic=254930.0 and not in this thread.

 

Would people stop going on about their trading experiences please.   No one really cares.  Either write a diary or head over to the spec thread.  

Yes, I apologise.  You are right.

So Mab, what's the latest?  Got any new gems for us?  Are you still planning on following your November strategy?  How does the eAsic announcement change things for you?  Please feel free to express yourself and don't concern yourself about repeating something you may have said before. It's all music to our ears.

Great stuff!

[minerpart]

Would people stop complaining about people who are going on about their trading experiences?
.....the stories of trading which some of us enjoy so much really belong...not in this thread.

lol you just told someone to stop complaining then complained about the exact same thing.

[VinceSamios]

so, the NDA is over, now?

Or is it still up and the eAsic press release is all we get for now?

Can we expect some more chip info from Ken?

I think this is the most pertinent of questions now.

Is the NDA over? We can ask questions without a 'sorry NDA' response.?

A press release does not nullify an NDA - merely the two parties agree to release limited information. I wouldn't expect the NDA to be dead, but I would hope Ken could give us some updates on when he expects sample chips etc, although that hope is realistic and I realise its unlikely. Regardless, if it is possible, ActM is likely to release the news slowly to keep a steady stream of information coming.

[minerpart]

FLIPPING

Reading these amazing flipping stories from LC>ACtM>LC is funny.

If you look at the history on btc-tc and the charts on coinflow the reality is a bit different.

-There were only 30k total LC shares sold around the ACtM rally, and a third of those was during the tail end of the ACtM move from .006 to .0066. These people would have made nothing at best because once you take into account the spreads between buying and selling on 4 different occasions (3%x4=12% now but it would have been more at the time) you have lost 15%+  and the max theoretical gain was only 10%.

-The third of shares in LC that were sold roughly halfway through the ACtM rally (you can see around 10k shares are sold in 5 lots around 22:50 in history on btc-tc) well most of them were sold a few minutes before ACtM hit .006 so they would have made a max 15-20%.  But again if you take away the approx 15% over 4 transaction spreads you have a max theoretical 5% gain.

-Now to the last third of LC shares sold. This 10k was sold over 40-50 small batches, so it's lots of small sellers approximately 200 shares each. These sellers could have made 50% but the biggest single seller is only 1k (over two lots) so they made max 2btc.

Another really interesting point is that the BIG sellers in LC last night didn't get back into LC until many hours after the start of the ACtM rally (they were expecting it to continue). You can see in the history log that the 10k (5lot) seller did not come back until around 08:30 today.  Infact ONLY 5k of LC had been bought back (over many small lots) by around 2am. By that time ACtM sellers would have been getting around .0050 which is below break even for most rally buyers. If the big sellers that got back into LC today sold their ACtM just before buying back their LC they would have lost 10-15% on selling ACtM and a few % on the buyback of LC.

So a quick summary would be:

a third of the flippers (around 30-40 people) made 2btc each max.
a third of the flippers (around 10 people)  broke even or lost 10% after spread fees.
a third of the flippers (2 or 3 big sellers) are just getting back in today and have lost 10-20% perhaps more.

If any one says any different ask them to show their trades on the history log.

Day trading is easy in hindsight, for all these flipper heros. lol  

[minerpart]

These guys do have some big imaginations!

It's a bit sad really. They must be young because bragging like that/making it all up is a boys game.

[4ju5tice]

I hope that this doesn't get buried. Hopefully a board member will catch this and bring this up to the mothership.

I would like to see some VMC employees going to various bitcoin conferences for marketing/networking. That's what all the other big mining guys do. I've heard conference interviews on the awesome podcast 'Let's talk bitcoin' www.letstalkbitcoin.com from BFL and a few others. Additionally, conference or not, it would be fantastic if we could get an interview with 'Let's talk bitcoin' or 'coinsider this'.

Here's upcoming events, maybe we can at least stick to the US ones.

http://bitcoin.org/en/events

2013-09-27 - The European Bitcoin convention - Amsterdam, Netherlands
2013-10-05 - Crypto-currency conference - Atlanta, United States
2013-10-22 - Bitcoin Konferenz 2013 - Cologne, Germany
2013-11-01 - Bitcoin 2013: unSYSTEM - Vienna, Austria
2013-11-30 - BitcoinExpo 2013 - London, United Kingdom
2013-12-10 - Inside Bitcoins - Las Vegas, United States

Keep it fresh. The holders will see some good days in the coming months. Something that I thought looked good, compared to the rest of the US, Missouri has relatively competitive electricity rates. http://www.marketplace.org/topics/sustainability/maps-electricity Maybe we could get a few wind turbines or solar panels? haha