[ActiveMining] The Official Active Mining Discussion Thread

[VolanicEruptor]

Shares on Bitfunder seems to be around 20% overpriced right now. The usual 30-40% gap we see between the price on BF and btc.co is just not there today. What's happened, some news been released?

Please tell me you're joking.  It probably took a whole 5 BTC to make that happen.. 

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[minerpart]

Shares on Bitfunder seems to be around 20% overpriced right now. The usual 30-40% gap we see between the price on BF and btc.co is just not there today. What's happened, some news been released?

Please tell me you're joking.  It probably took a whole 5 BTC to make that happen.. 

No joke, there should be a 30-40% disparity in price between the two exchanges, there always has been without exception.

There is some serious pumping going on on the Bitfunder exchange. I wonder what for, I would say with the recent sell off it's to pump price before a further round of selling.
I see 0.0015 on BF before serious support is found. We have seen that the btc.co price has already fallen a long way so there is something very artificial about this BF price.

[VolanicEruptor]

There is no way you're serious.. you have got to be trolling

[matuszed]

You guys cant be serious saying that the 40% spread narrowing is some kind of price manipulation

[minerpart]

There is no way you're serious.. you have got to be trolling

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

edit, 140k wall on the Bids at 0.0015. I think this is the price pump to bring price down to hit that wall. Exchange gap does not disappear for no reason.

[matuszed]

There is no way you're serious.. you have got to be trolling

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

Not true.  During the second ipo they were both at .0025 :p

No but seriously I watch this stock a lot the spread has fluctuated between 5-50% so it moves a lot

[lammedraak]

Nice to read. What does one petahash look like?

http://blog.standardcrypto.com/2013/09/15/what-does-one-petahash-look-like/

Interesting to note that with ActM 28nm asics, there could be a 10x increase in KW/GH efficiency

[drawingthesun]

Nice to read. What does one petahash look like?

http://blog.standardcrypto.com/2013/09/15/what-does-one-petahash-look-like/

Interesting to note that with ActM 28nm asics, there could be a 10x increase in KW/GH efficiency

Remember Bitfury already have an ASIC that is as much or more efficient as Active Mining ASIC's that don't even exist yet.

Bitfury could easily be 10x as efficient when Active Mining starts to hash.

[minerpart]

Nice to read. What does one petahash look like?

http://blog.standardcrypto.com/2013/09/15/what-does-one-petahash-look-like/

Interesting to note that with ActM 28nm asics, there could be a 10x increase in KW/GH efficiency

Remember Bitfury already have an ASIC that is as much or more efficient as Active Mining ASIC's that don't even exist yet.

Bitfury could easily be 10x as efficient when Active Mining starts to hash.

+1

[VolanicEruptor]

There is no way you're serious.. you have got to be trolling

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

edit, 140k wall on the Bids at 0.0015. I think this is the price pump to bring price down to hit that wall. Exchange gap does not disappear for no reason.

Someone decided to pull out a few bitcoins from their wallet.  We're not dealing with a lot of volume here.  140k is what some people trade in a day.  Warren Buffet does not play with activemining shares, so I'm not sure why you think this is some wild manipulation attempt.   

[minerpart]

There is no way you're serious.. you have got to be trolling

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

edit, 140k wall on the Bids at 0.0015. I think this is the price pump to bring price down to hit that wall. Exchange gap does not disappear for no reason.

Someone decided to pull out a few bitcoins from their wallet.  We're not dealing with a lot of volume here.  140k is what some people trade in a day.  Warren Buffet does not play with activemining shares, so I'm not sure why you think this is some wild manipulation attempt.  

140k at 0,0015 is 210btc. That's 28,000 USD. Are you saying there are people on here trading 30kUSD a DAY? You must be a crazy man if you think that isn't worth manipulating price over.

The difference between buying 140k at 0.0015 which is where price should be if we take into account the normal gap between exchanges and and buying at 0.002 where it is now is a quarter which would be in USD terms around 7,500 dollars. You are right in that only Warren Buffet wouldn't care about that difference, but to 95% of the people on the planet that is a lot of money.

[VolanicEruptor]

There is no way you're serious.. you have got to be trolling

OK well you explain the difference then. The gap between the exchanges has never been anywhere near this narrow. That is a fact.

edit, 140k wall on the Bids at 0.0015. I think this is the price pump to bring price down to hit that wall. Exchange gap does not disappear for no reason.

Someone decided to pull out a few bitcoins from their wallet.  We're not dealing with a lot of volume here.  140k is what some people trade in a day.  Warren Buffet does not play with activemining shares, so I'm not sure why you think this is some wild manipulation attempt.   

140k at 0,0015 is 210btc. That's 28,000 USD. Are you saying there are people on here trading 30kUSD a DAY? You must be a crazy man if you think that isn't worth manipulating price over.

30k USD isn't that much, considering there is over $3 million dollars worth of shares. 

[kleeck]

Nice to read. What does one petahash look like?

http://blog.standardcrypto.com/2013/09/15/what-does-one-petahash-look-like/

Interesting to note that with ActM 28nm asics, there could be a 10x increase in KW/GH efficiency

Remember Bitfury already have an ASIC that is as much or more efficient as Active Mining ASIC's that don't even exist yet.

Bitfury could easily be 10x as efficient when Active Mining starts to hash.

You are incorrect. BitFury's best offering is 20$/GH. ActM's Platinum with 6 Cards is ~6$/GH and is more power efficient. When November comes around BitFury's current offerings will not be competition for ActM.

Bitmine is the dog to beat at the moment, and CoinTerra is a minor nuisance with one offering that is competitive inside 2013 and ActM's best offerings still beat it by $1/GH. 

(Source: http://mining.thegenesisblock.com/)

[minerpart]

30k USD isn't that much, considering there is over $3 million dollars worth of shares. 

You must be a very wealthy guy if you sniff at 30k USD worth of any stock. And you are missing the point completely. 30k is not a huge portion of 3million correct but that is a totally unrelated point! 30k is definitely worth playing around with price for for EVERY investor here. There is no-one in this market who would see 30k USD as small change - except you obviously. If you can get an extra 20% on a 30k buy or sell then that is a lot of real world money right there.

As I said there is a huge buy at 0.0015 and that is where price should be right on Bitfunder now if exchange gap was maintained. This buyer at 0.0015 is stalking and is likely to trigger a selloff so that his huge buy is filled. You don't have to believe that for it to be true.

[VolanicEruptor]

30k is not a huge portion of 3million correct but that is a totally unrelated point!

I stopped reading your post after this statement.     It is quite related..

[minerpart]

30k is not a huge portion of 3million correct but that is a totally unrelated point!

I stopped reading your post after this statement.     It is quite related..

I'm sure everyone thinks a 30k USD trade is significant. If it's a trade is Microsoft stock or ACtM stock (the size of the company doesn't matter) it's still a 30k trade. You are a very difficult person to talk to, I don't think trying to win an argument by ignoring someone is very grownup.

[Vigil]

What is the next milestone we are looking forward to here, I keep forgetting with all the flack over at Labcoin. Ken's "last posts" are all cluttered up with all sorts of stuff.

[SoylentCreek]

What is the next milestone we are looking forward to here, I keep forgetting with all the flack over at Labcoin. Ken's "last posts" are all cluttered up with all sorts of stuff.

The next, and probably most critical milestone would be eASIC taping out chips and AMC to start hashing shortly thereafter.   Probably going to be another six weeks before anything interesting happens.  Ken will hopefully announce within the next two weeks that he has hired a designated PR team to handle news going forward.  There is also some work going on in the background for a new marketing push.  Hopefully all of that will be worked out within the next week or two.

[iCEBREAKER]

30k USD isn't that much, considering there is over $3 million dollars worth of shares. 

You must be a very wealthy guy if you sniff at 30k USD worth of any stock.

VolcanicEruptor the high rolling whale owns over $100k dollars worth of ACTM.

Of course he started with a million dollars worth, but still...   

[Activemining] prices will continue to stabilize at .006 until we have some real news.  You have my word.

Last trade: 0.00443 0.0026.   

So much for VE's credibility.  His "word" isn't worth the electrons it's transmitted by.

I have been doing a good job of keeping it close to .006.

Correction:  You have been doing a good job of keeping it close to .0025.   

[VolanicEruptor]

The reason I didn't keep it at .006 is because I sold most my shares, and bought back around .003  I was one of the reasons it didn't go past .0065 after the eASIC release.  I adapted, icebreaker.  I am doing great, thanks