[ActiveMining] The Official Active Mining Discussion Thread

[tom.hashemi]

hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?

No....

[N_S]

CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.

That's all fine and well.

I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be

[tom.hashemi]

CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.

That's all fine and well.

I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be

There is something to be said for the opportunity cost argument, but I do completely agree with you that that does not equate to the Company A (in your example) categorically not being a good investment. It's simply not a short term one.

[SoylentCreek]

hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?

No.... [Goes to buy more cheap shares.]

[crumbs]

hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?

Slow & steady down, the pumpers gave up or got bored.
21:12 (S) 43 @ 0.00252100 ACTIVEMINING  

[tom.hashemi]

hello,
I'd like to buy a lot of shares at the bottom. Are we there yet?

No.... [Goes to buy more cheap shares.]

I'm overloaded with ActM... I would buy more if I wasn't so over-exposed!

[kingcrimson]

AMC had an IPO at .0005 prior to them being restructured into ActiveMining at least if you bought on Bitfunder, not sure about BTCT, technically they are still 3.5x higher than that price,

Im not trying to defend Ken but the BTC securities market is so tiny and tends to over react upon any news, while the share price is falling perhaps its better this way considering that any news tends to be misinterpreted and just leads to being a unnecessary task of holding many people's hands,

How many shares were sold at .0005?

[ActiveMining-PR]

Weekly Post

We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.

We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.

After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.

We will start announcing our sales figures after the 15th of the month for the previous months sales.  This gives time for the sales at the
the end of the month to complete.

Here are the August sales:

Total           $89,969.00
Average   $2,902.23

Edit:  The above sales figures are the actual revenue received.

Edit: Added July Sales:

Total             $20,495.00
Average        $661.13/Day







Active Mining PR Staff

[N_S]

Week Post

We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.

We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.

After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.

We will start announcing our sales figures after the 15th of the month for the previous months sales.  This gives time for the sales at the
the end of the month to complete.

Here are the August sales:

Total           $89,969.00
Average   $2,902.23


Active Mining PR Staff

Thanks

[SoylentCreek]

Week Post

We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.

We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.

After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.

We will start announcing our sales figures after the 15th of the month for the previous months sales.  This gives time for the sales at the
the end of the month to complete.

Here are the August sales:

Total           $89,969.00
Average   $2,902.23







Active Mining PR Staff

Thanks mate!  Glad to see things are moving along.

[VolanicEruptor]

Week Post

We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.

We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.

After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.

We will start announcing our sales figures after the 15th of the month for the previous months sales.  This gives time for the sales at the
the end of the month to complete.

Here are the August sales:

Total           $89,969.00
Average   $2,902.23









Active Mining PR Staff

How about previous month sales?  Don't you have some catching up to do instead of just announcing August?  Thanks..
eg. how about july?

[creativex]

CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.

That's all fine and well.

I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be

That argument will cut in several directions. Traditional mining companies such as the one I manage have had their share prices crushed by the perception that only large players such as ActM, BTCGarden, icedrill, labcoin, PETA-MINE, etc forever will be competitive going forward. Thus far that argument has proven specious at best and these large players are firmly set on a collision course in Q4. I'd guess that management at these companies will do fine, but their shareholders will not.

[N_S]

I'd guess that management at these companies will do fine, but their shareholders will not.

Completely disagree.

Time will tell, however

[VolanicEruptor]

CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.

That's all fine and well.

I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be

That argument will cut in several directions. Traditional mining companies such as the one I manage have had their share prices crushed by the perception that only large players such as ActM, BTCGarden, icedrill, labcoin, PETA-MINE, etc forever will be competitive going forward. Thus far that argument has proven specious at best and these large players are firmly set on a collision course in Q4. I'd guess that management at these companies will do fine, but their shareholders will not.

There is no "collision" course, shithead.  Go ahead.. make ONE more post in this thread and I will troll your thread to shit.  That's a promise..

[crumbs]

...
After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.
...
Here are the August sales:

Total           $89,969.00
Average   $2,902.23

How about previous month sales?  Don't you have some catching up to do instead of just announcing August?  Thanks..
eg. how about july?

You're adorable!  When ur PR tells u that ActM has "seen an major increase in sales" [sic], and the total is $89k, that means *there were no other sales*

[kingcrimson]

Weekly Post

We are in the process of hiring a PR firm to help us keep all of our Investor and Customers up to date on the progress of
Active Mining.

We have received the Avalon refund and we are holding it in reserve for expenses for engineering the PCIe boards.

After the eAsic announcement and the price reduction on our Fast-Hash editions of machines we have seen an major increase in sales.

We will start announcing our sales figures after the 15th of the month for the previous months sales.  This gives time for the sales at the
the end of the month to complete.

Here are the August sales:

Total           $89,969.00
Average   $2,902.23

Edit:  The above sales figures are the actual revenue received.

Edit: Added July Sales:

Total             $20,495.00
Average        $661.13/Day







Active Mining PR Staff

Gentlemen, we are the new wealthy elite 

[VolanicEruptor]

eASIC announcement and price adjustment wasn't made until September, so expect next months report to be fucking spectacular.  Thanks again, PR

[creativex]

I'd guess that management at these companies will do fine, but their shareholders will not.

Completely disagree.

Time will tell, however

...based on? Confirmed net hashrate of all the companies I mentioned above is umm...what's ActM's hashrate again? 430Gh? ...and how much have these companies absorbed from the crypto security market? Performance to date is rather unimpressive to put it mildly. Let's add the total market cap of all of these companies and calculate the yield based on their hashrate shall we? I believe that return would be similar to what you'd get from the local counterfeiter banker for opening a savings account.

Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.

[N_S]

...based on? Confirmed net hashrate of all the companies I mentioned above is umm...what's ActM's hashrate again? 430Gh? ...and how much have these companies absorbed from the crypto security market? Performance to date is rather unimpressive to put it mildly. Let's add the total market cap of all of these companies and calculate the yield based on their hashrate shall we? I believe that return would be similar to what you'd get from the local counterfeiter banker for opening a savings account.

Growth investors are flocking to these things, yield investors need not bother. So here you have another pure growth play with no growth catalyst for months into the future.

Sigh...

Please do the best you can. I'll do the same.

[iCEBREAKER]

eASIC announcement and price adjustment wasn't made until September, so expect next months report to be fucking spectacular.  Thanks again, PR

I just checked the group buy sub, and don't see a single thread for organizing an ACTM purchase.

BitFury?  Of course there are tons! (I'm in one.)

KnC?  Yes, plenty of those!  (I'm in more than a couple.)

HashFast?  Sure, at least 4-5!

CoinTerra?  You bet, I see at 5-6!

ActiveMining?  Hmm that's funny, there don't seem to be any!  

See for yourself: https://bitcointalk.org/index.php?board=137.0