[ActiveMining] The Official Active Mining Discussion Thread

[Exocyst]

I'm officially on the ActiveMining bandwagon now. Looking forward to see some crushing of the blockchain soon

Glad to see more joining up, but crushing of the blockchain won't be happening until the 20,000 Avalon chips come online (which will allow for a nice bruising of the blockchain). This is still a long investment that the FAST-HASH-ONE series will be online and crushing the blockchain by Q1/Q2 of 2014. So, lock your shares up and forget about them until next year and you might just bring home a tidy profit on dividends and share valuation. Hold tight folks!

[MilkyLep]

Well if anyone is interested in lending me 100BTC or so I'd be happy to purchase a 40000 chunk from the wall!

Anyways now that Coinbase allows me to purchase BTC instantly I feel like its time to start playing hungry hungry hippo with these AMC shares.

Anybody else feeling...

[superduh]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

[John818]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

"If I wasn't naive I wouldn't bet big on ActM and if they succeeded I wouldn't make my fortune."

or

"If I was naive I would bet big on ActM and make my fortune if they succeeded."

[Exocyst]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

I would say that it is the height of naïveté to believe that ASICMINER will not have future competition for blockchain dominance. I ask one simple question: if not ActM, then who? ActM is at least positioning itself to be in the running, so why not get on board when the price is low? A 2% mining share would equate to ActM share prices over 0.025BTC & weekly dividends of 0.00025BTC/share
8% : 0.1BTC/share & weekly dividends of 0.001BTC/share
16% : 0.2BTC/share & weekly dividends of 0.002BTC/share

Can you really afford not to punt some BTC on 5,000 or 10,000 shares?

[pneumatic5]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

I would say that it is the height of naïveté to believe that ASICMINER will not have future competition for blockchain dominance. I ask one simple question: if not ActM, then who? ActM is at least positioning itself to be in the running, so why not get on board when the price is low? A 2% mining share would equate to ActM share prices over 0.025BTC & weekly dividends of 0.00025BTC/share
8% : 0.1BTC/share & weekly dividends of 0.001BTC/share
16% : 0.2BTC/share & weekly dividends of 0.002BTC/share

Can you really afford not to punt some BTC on 5,000 or 10,000 shares?

+1

[BTCThousandaire]

The offer to exchange shares can be withdrawn at any time... So is it really safe to wait for btct to add ActM?

[bryan567]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

I would say that it is the height of naïveté to believe that ASICMINER will not have future competition for blockchain dominance. I ask one simple question: if not ActM, then who? ActM is at least positioning itself to be in the running, so why not get on board when the price is low? A 2% mining share would equate to ActM share prices over 0.025BTC & weekly dividends of 0.00025BTC/share
8% : 0.1BTC/share & weekly dividends of 0.001BTC/share
16% : 0.2BTC/share & weekly dividends of 0.002BTC/share

Can you really afford not to punt some BTC on 5,000 or 10,000 shares?

Care to share your calculations?

[herzmeister]

1). Tender our AMC shares by pushing the shares to AMC-TENDER.
Your AMC shares will then be tendered for ActiveMining shares.
2).  Then email the above information to tender@activeminingcorp.com

Done 1) a few hours ago.
Email in 2) bounced back:

Code:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

       kslaughter@axs.net

Code:

Reporting-MTA: dns;eforward1.SJL03.name-services.com
Received-From-MTA: dns;c9mailgw42.amadis.com
Arrival-Date: Fri, 12 Jul 2013 18:30:45 -0700

Final-Recipient: rfc822;kslaughter@axs.net
Action: failed
Status: 5.7.1
Diagnostic-Code: smtp;550 5.7.1 SPF unauthorized mail is prohibited.

[ArcticWolf]

1). Tender our AMC shares by pushing the shares to AMC-TENDER.
Your AMC shares will then be tendered for ActiveMining shares.
2).  Then email the above information to tender@activeminingcorp.com

Done 1) a few hours ago.
Email in 2) bounced back:

Code:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

       kslaughter@axs.net

Code:

Reporting-MTA: dns;eforward1.SJL03.name-services.com
Received-From-MTA: dns;c9mailgw42.amadis.com
Arrival-Date: Fri, 12 Jul 2013 18:30:45 -0700

Final-Recipient: rfc822;kslaughter@axs.net
Action: failed
Status: 5.7.1
Diagnostic-Code: smtp;550 5.7.1 SPF unauthorized mail is prohibited.

Send the info as a pm on here, then give the email another go. I'm sure ken will see to the tender if its by pm

[Exocyst]

just think for a moment.

crushing. yeah right!

noone knows what is going to happen by end of year BUT-

ASIC MINER standing by to deploy
half of BFLs might ship + their chips
AVALONS
Avalon CHIPS
who knows what else avalon will offer this year
Bitfury's
KNCS
unknown players

you guys are truly naive if you think AMC can make a decent dent.
they can play but i think everyone needs to get their expectations in line with reality

I would say that it is the height of naïveté to believe that ASICMINER will not have future competition for blockchain dominance. I ask one simple question: if not ActM, then who? ActM is at least positioning itself to be in the running, so why not get on board when the price is low? A 2% mining share would equate to ActM share prices over 0.025BTC & weekly dividends of 0.00025BTC/share
8% : 0.1BTC/share & weekly dividends of 0.001BTC/share
16% : 0.2BTC/share & weekly dividends of 0.002BTC/share

Can you really afford not to punt some BTC on 5,000 or 10,000 shares?

Care to share your calculations?

Weekly dividends: Blocks/week * block reward / shares
Share price: weekly div. / 0.5%

So, I apologize, I propagated an error through my calculations (used annual dividends to calculate share price on weekly figures). Here are the correct projections.
2%: 0.0040BTC & weekly dividends of 0.00001BTC/share
8%: 0.160BTC & weekly dividends of 0.00004BTC/share
16%: 0.0320BTC & weekly dividends of 0.00008BTC/share

[kslaughter]

I will be changing the wall in ActiveMining to around ~100,000 shares.

[Nosniw]

Hi guys
I got a question.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
ActiveMining shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

I am an existing AMC shareholder on BTCT.CO, if I choose not to tender to bitfunder thus could not own the first 10M AM shares due to the delay of asset approval on BTCT.CO. Will I still be eligible to be covered in public investor's protection plan to get all profit until 0.0025/share is paid?
 Thanks!

[canth]

Email in 2) bounced back:

Code:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

       kslaughter@axs.net

Code:

Reporting-MTA: dns;eforward1.SJL03.name-services.com
Received-From-MTA: dns;c9mailgw42.amadis.com
Arrival-Date: Fri, 12 Jul 2013 18:30:45 -0700

Final-Recipient: rfc822;kslaughter@axs.net
Action: failed
Status: 5.7.1
Diagnostic-Code: smtp;550 5.7.1 SPF unauthorized mail is prohibited.

As an FYI, everyone that is seeing these errors should really take a look at their domain DNS settings. http://en.wikipedia.org/wiki/Sender_Policy_Framework#Implementation

Adding the following is really all you have to do:

Code:

v=spf1 include:[your_mail_server_IPs and/or a/mx records] ~all

[kslaughter]

Hi guys
I got a question.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
ActiveMining shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

I am an existing AMC shareholder on BTCT.CO, if I choose not to tender to bitfunder thus could not own the first 10M AM shares due to the delay of asset approval on BTCT.CO. Will I still be eligible to be covered in public investor's protection plan to get all profit until 0.0025/share is paid?
 Thanks!

BTC-TC trading will be coming soon, if approved.

[SoylentCreek]

I will be changing the wall in ActiveMining to around ~100,000 shares.

What is your plan for releasing the remaining shares once the wall is down? Will you just keep releasing them in blocks of 100,000 at .0025?

[kslaughter]

Off to the meeting with babefoot.

[Streets 2.0]

Off to the meeting with babefoot.

Good news, look forward to his return and report

[Stuartuk]

Off to the meeting with babefoot.

Such a good thing that Ken has taken on this meeting, also looking forward to the report back.

[knybe]

I will be changing the wall in ActiveMining to around ~100,000 shares.

does this apply to the wall at BTCT as well?