[ActiveMining] The Official Active Mining Discussion Thread

[Stuartuk]

and just for lulz, to morns like UKDuck and zumzero and the rest.

"ActiveMining is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC)."

Maybe you really need to go to fist page and read (and try to understand what you are reading), what you are actually cheering for.

I like ActiveMining and I hope they do well but idiots like you and the rest of your lot, really need to start thinking about group suicide.
I hope none of you morons have any children. Please think about removing yourself permanently from the gene pool.
Thank you for caring about the future of human race.
And now, please fuck off for good! 

Have you been drinking alcohol tonight because this post makes absolutely no sense and the quote doesn't seem to refer to anything that's been discussed over the past few pages.

What are you trying to say?

You've come out with some crap made up Maths, I told you that and showed you your school-boy error and you then decided to tell people to kill themselves and F-Off. Are you 14 years old or something?

[1714975015]

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[1714975015]

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[1714975015]

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[twentyseventy]

Is there any way to move shares between Bitfunder and BTCT (without selling)?

Wait, the ultra-genius Vycid, who can foretell the fortunes of ASICMiner, doesn't even know if you can transfer shares between exchanges?

[Stuartuk]

Please elaborate on "rubbish Maths" and "ill thought out fiction" or just fuck off, as asked previously.
 

No problem my friend, I will repeat it for you.

We will be paid divs in btc from mining - probablly 80-90% will come from mining and possibly 100% if sales are put into more ACtM miners for the bat cave.

You are working out divs from USD sales of mining rigs and assuming ACtM will need to sell 4.5Mill worth of mining rigs to pay full divs which is utterly incorrect, made up fiction - divs come from mining not sales.

We also sellchips which you have totally ignored to suit your fictionalized version of reality.

Now if you don't understand something because you are slow or had a few beers that's fine but you don't need to tell people to commit suicide or F-off do you?

[Stuartuk]

I own enough to express my disappointment at how things have progressed, zumzero.

EDIT- I hope the Fujitsu foundry know what they are doing when they knock out our chips - but has any one ever heard of these people? another disappointing aspect of this so called progress. Fujit-WHO more like.

You're asking if anyone has anyone heard of Fujitsu?  Seriously?

I mean, I didn't know they did contract IC fabrication but it's not exactly surprising.

I'm afraid Ytterbuim is probably still scratching his head.

EDIT - this link is for you Ytter, how you can put yourself forward as a self-confirmed ACtM expert yet not have looked through the eASIC website is just laughable:

http://www.easic.com/migration-to-cell-based-asic/easic-ecosystem/

[zumzero]

and just for lulz, to morns like UKDuck and zumzero and the rest.

"ActiveMining is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC)."

Maybe you really need to go to fist page and read (and try to understand what you are reading), what you are actually cheering for.

I like ActiveMining and I hope they do well but idiots like you and the rest of your lot, really need to start thinking about group suicide.
I hope none of you morons have any children. Please think about removing yourself permanently from the gene pool.
Thank you for caring about the future of human race.
And now, please fuck off for good! 

How dare you!

[EskimoBob]

Currently Actm has 9972881 shares outstanding (btct 3074084+ bitfunder 6898797)
So, this is  9972881*0.0040=39891,524*BTC:USD or 117.

39892*117=4 667 364 USD

to make 4 667 364 USD profit (after all the expenses), how many units they need to sell in a year?

Utterly flawed. We are not paid divs in USD are we? We are paid in btc.
The divs will come from mining not hardware sales.

We will also be selling chips not just rigs.

buy more shares!

I would say don't publish rubbish Maths on here and try to pass it off at accurate when it's ill thought out fiction.

dear moron, can you read bold italic text?

Now, lets do the math together:

9972881*0.0040=39891.524 - Is this correct? (outstanding shares times price at the time of calculation) = total in BTC  

39891.524*117=4667308.308 USD (I replaced "," with "." so moronzero can understand it too)
Is this correct calculation?

What is this mysterious 117, you may ask? This is BTC:USD exchange rate.

Why did I use USD? Because selling shit in real world (even for BTC) USD and/or EUR exchange rates will define the price in BTC. Not the other way around.
So, BTC is irrelevant in this calculation because we have no idea, what the BTC:EUR or USD will be in the future. What we do know, is the price in USD for the hardware as of now. What the profit margin is? I have no idea and this was just a speculation. I bet it's not 40% so the numbers have to be way bigger.  
Is this too fkn complicated for you comprehend?

BTW, feel free to subtract the mining profits and reduce the hardware (includes chips) sales numbers accordingly.

Please elaborate on "rubbish Maths" and "ill thought out fiction" or just fuck off, as asked previously.
 

No problem my friend, I will repeat it for you.

We will be paid divs in btc from mining - probablly 80-90% will come from mining and possibly 100% if sales are put into more ACtM miners for the bat cave.

You are working out divs from USD sales of mining rigs and assuming ACtM will need to sell 4.5Mill worth of mining rigs to pay full divs which is utterly incorrect, made up fiction - divs come from mining not sales.

We also sellchips which you have totally ignored to suit your fictionalized version of reality.

Now if you don't understand something because you are slow or had a few beers that's fine but you don't need to tell people to commit suicide or F-off do you?

At what price are those chips sold? How many USD did it cost?
BTW, I am not your friend
If you believe that "probablly 80-90% will come from mining and possibly 100%" we are in serious trouble. You can buy more shares... obviously. 

[Stuartuk]

Are you serious? Again a nonsense post, and that makes 3 times you have failed to get this extremely simple point. Come back tomorrow when you are sober and read this page again. Goodnight.

[dexX7]

I ran some numbers for fun, excluding possible profits form mining

Code:

Product                       Revenue         profit      Cost     Markup %   Cross margin   Units sold Profit earn
Fast-Hash One Silver Edition   1774.29        709.716   1064.574     66.67%        40.00%        901     639454.116
Fast-Hash One Gold Edition     3704.05        1481.62    2222.43     66.67%        40.00%        700    1037134
Fast-Hash One Platinum Edition 5699.05        2279.62    3419.43                                 485    1105615.7
                                                                                                    
Fast-Hash-One Silver 64 GH/s      1299          519.6      779.4     66.67%        40.00%        901     468159.6
Fast-Hash-One Gold 128 GH/s       2499          999.6     1499.4     66.67%        40.00%        700     699720
Fast-Hash-One Platinum 256 GH/    3699         1479.6     2219.4     66.67%        40.00%        485     717606
                                                                                         Total  Profit: 4667689.416

Are the "units sold" numbers made up or real?

[alphaking]

what happened in last few minutes?

[WildFire.ca]

what happened in last few minutes?

Could be someone moving there shares to BF.

[dexX7]

what happened in last few minutes?

Could be someone moving there shares to BF.

How is the sale of 35k ActM shares related to a share transfer to BF?

https://bitcointalk.org/index.php?topic=99497.msg3105152#msg3105152 I guess.

[WildFire.ca]

what happened in last few minutes?

Could be someone moving there shares to BF.

How is the sale of 35k ActM shares related to a share transfer to BF?

https://bitcointalk.org/index.php?topic=99497.msg3105152#msg3105152 I guess.

If they sell there shares on btc-tc and re-buy them on BF they could add a few extra shares to there portfolio for the same amount of BTC. I moved some over there today due to the price being so low.

[EskimoBob]

I ran some numbers for fun, excluding possible profits form mining

Code:

Product                       Revenue         profit      Cost     Markup %   Cross margin   Units sold Profit earn
Fast-Hash One Silver Edition   1774.29        709.716   1064.574     66.67%        40.00%        901     639454.116
Fast-Hash One Gold Edition     3704.05        1481.62    2222.43     66.67%        40.00%        700    1037134
Fast-Hash One Platinum Edition 5699.05        2279.62    3419.43                                 485    1105615.7
                                                                                                    
Fast-Hash-One Silver 64 GH/s      1299          519.6      779.4     66.67%        40.00%        901     468159.6
Fast-Hash-One Gold 128 GH/s       2499          999.6     1499.4     66.67%        40.00%        700     699720
Fast-Hash-One Platinum 256 GH/    3699         1479.6     2219.4     66.67%        40.00%        485     717606
                                                                                         Total  Profit: 4667689.416

Are the "units sold" numbers made up or real?

As I stated, those are completely made up numbers just to get an "idea" how many units ActiveMining has to sell in 52 weeks to justify the current share price. I did not include any mining revenue. You are welcome to do so and adjust the numbers accordingly.
 
I used 52 weeks (from now) as time frame. "BTC world" keeps demonstrating its collective ADD so anything over that is probably too confusing.
In real world, 3-5 year earnings are used for quick "back of a napkin" value calculation. Share price is just a reflection of what the Co is expected to earn in next X years. We have no financial reports or any reliable long and short therm predictions for production, sales, expenses, made by ActM. (stuff that EVERY company in the world has, except in this kindergarten Even "one man and a dog" companies do that.  

Instead of proposing possible adjustments to this prediction, with actual numbers, the foaming cheerleaders started to whine and moan. As expected, of course.

What do you predict for mining income in next 52 weeks?  

[zumzero]

I ran some numbers for fun, excluding possible profits form mining

Code:

Product                       Revenue         profit      Cost     Markup %   Cross margin   Units sold Profit earn
Fast-Hash One Silver Edition   1774.29        709.716   1064.574     66.67%        40.00%        901     639454.116
Fast-Hash One Gold Edition     3704.05        1481.62    2222.43     66.67%        40.00%        700    1037134
Fast-Hash One Platinum Edition 5699.05        2279.62    3419.43                                 485    1105615.7
                                                                                                    
Fast-Hash-One Silver 64 GH/s      1299          519.6      779.4     66.67%        40.00%        901     468159.6
Fast-Hash-One Gold 128 GH/s       2499          999.6     1499.4     66.67%        40.00%        700     699720
Fast-Hash-One Platinum 256 GH/    3699         1479.6     2219.4     66.67%        40.00%        485     717606
                                                                                         Total  Profit: 4667689.416

Are the "units sold" numbers made up or real?

As I stated, those are completely made up numbers just to get an "idea" how many units ActiveMining has to sell in 52 weeks to justify the current share price. I did not include any mining revenue. You are welcome to do so and adjust the numbers accordingly.
 
I used 52 weeks (from now) as time frame. "BTC world" keeps demonstrating its collective ADD so anything over that is probably too confusing.
In real world, 3-5 year earnings are used for quick "back of a napkin" value calculation. Share price is just a reflection of what the Co is expected to earn in next X years. We have no financial reports or any reliable long and short therm predictions for production, sales, expenses, made by ActM. (stuff that EVERY company in the world has, except in this kindergarten Even "one man and a dog" companies do that.  

Instead of proposing possible adjustments to this prediction, with actual numbers, the foaming cheerleaders started to whine and moan. As expected, of course.

What do you predict for mining income in next 52 weeks?  

What a totally rediculous and futile exercise that was Boab.  lol

Here, I think I'll take you up on the offer to do so myself.  Here's what I get...



68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-
68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-
68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-
68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-
68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-
68463546857654+68746846846368475486546516841561353541241654144687487487989203020564685431102.3864654564
65436543513541645413516346543556565253165416854684-*9*/86555415125643553565465++512654468568465846+958-

[EskimoBob]

What a totally rediculous and futile exercise that was Boab.  lol
(....useless crap removed....)

Dear moron zumzero, what is so "rediculous" about it?
Try not to sound too ridiculous, while enlightening us all

[zumzero]

What a totally rediculous and futile exercise that was Boab.  lol
(....useless crap removed....)

Dear moron zumzero, what is so "rediculous" about it?
Try not to sound too ridiculous, while enlightening us all

you win. spelling.

twat

EDIT:  you come in here spouting off with that fat gob of yours and insulting everyone left, right and centre (uk spelling) while critising others and then have the audacity to throw a fuck load of random numbers around and preach is if it's Gospel.  I don't think so fuck face.  The only reason you have over 700 posts is because you are a classic knee-jerk-spews-before-he-thinks muppet.  Away and cut a hole in the ice and dip that fat face of yours in it while counting out those random numbers to yourself.  

You've clearly got a vendetta and I'd bet you're butt hurt that you didn't get accepted on to the board.

[Vycid]

What a totally rediculous and futile exercise that was Boab.  lol
(....useless crap removed....)

Dear moron zumzero, what is so "rediculous" about it?
Try not to sound too ridiculous, while enlightening us all

you win. spelling.

twat

EDIT:  you come in here spouting off with that fat gob of yours and insulting everyone left, right and centre (uk spelling) while critising others and then have the audacity to throw a fuck load of random numbers around and preach is if it's Gospel.  I don't think so fuck face.  The only reason you have over 700 posts is because you are a classic knee-jerk-spews-before-he-thinks muppet.  Away and cut a hole in the ice and dip that fat face of yours in it while counting out those random numbers to yourself.  

You've clearly got a vendetta and I'd bet you're butt hurt that you didn't get accepted on to the board.

You've done more damage to your argument here than you can repair.

EskimoBob,

Does the "cost" column represent the expense to ActiveMining? Are those pulled from a document somewhere? Or is this based on an arbitrary 66.67% markup?

The cost to the company per GH/s appears really terrible, frankly.

[zumzero]

What a totally rediculous and futile exercise that was Boab.  lol
(....useless crap removed....)

Dear moron zumzero, what is so "rediculous" about it?
Try not to sound too ridiculous, while enlightening us all

you win. spelling.

twat

EDIT:  you come in here spouting off with that fat gob of yours and insulting everyone left, right and centre (uk spelling) while critising others and then have the audacity to throw a fuck load of random numbers around and preach is if it's Gospel.  I don't think so fuck face.  The only reason you have over 700 posts is because you are a classic knee-jerk-spews-before-he-thinks muppet.  Away and cut a hole in the ice and dip that fat face of yours in it while counting out those random numbers to yourself.  

You've clearly got a vendetta and I'd bet you're butt hurt that you didn't get accepted on to the board.

You've done more damage to your argument here than you can repair.

Agreed.  And my reputation, but I've had with this wanker and I no longer care.  I'm holding very, very long so I am going no where in a hurry.  Better get used to zumzero2 bacause I'm not taking prisoners! 

[drawingthesun]

Is this stock still a good buy? I am kinda scared at the constant sell offs, I put alot into this.

[EskimoBob]

...

EskimoBob,

Does the "cost" column represent the expense to ActiveMining? Are those pulled from a document somewhere? Or is this based on an arbitrary 66.67% markup?

The cost to the company per GH/s appears really terrible, frankly.

No, this is pure fiction. I made a guess and used really fat cross margin to make the calculation to get some kind of an idea how many units must be sold to generate 4 667 689 USD in profits from hardware sales.
I have no idea what those chips are going to cost and how much is actually spent as of now.
I also have no idea how much is the cost of assembly, testing, transport etc etc are for any of those units. Only number I have seen is the price those products are sold. So I made an estimate on little we have.

Is 66.7% a good markup in this industry, if you pay for full R&D etc, basically form drawing board to a final delivery.
Maybe it's 80 or 30% or 200% Do any of you know?