[ActiveMining] The Official Active Mining Discussion Thread

[identityunknown]

A competitor getting such credible backing takes a good chunk of the market out - it's new fair value may be only half what it stabilized at before - perhaps 0.003.

[Rozal]

Between the recent news, and very disappointing updates, I have reduced my holdings of Activemining. I am not happy with the pace relative to its competition. Things change though - we will see.

[JWU90]

time to buy back in 

[4ju5tice]

Oh my gosh. This is hilarious. I'm keeping all my shares, I expect price to rise in a week or so.

But, for those of you that have over-invested, you maybe learned a lesson.

I think that there's a lot of manipulation going on right now. The only potentially real threat is cointerra. But it seems to me like there's nothing different about it. Good experience, flashier website. Ken's developed his own fast-hash code. The 28nm chip design is payed for, awaiting to hear official confirmation from EASIC, a real-world ASIC chip company that grew over 900% last year. There are no signs of negative news with this deal. On top of this, he is working with an engineering firm that will produce avalon clones.

Things don't seem to look bad to me, maybe I'm naive. I sold a few shares at the top, and bought back in lower. I haven't grown attached to my unrealized gains it's been successful so far. Who knows which way things will go, but I think the chances are high that those of you that are selling shares now might be wishing that you held onto them in a few weeks.

[Panterino]

Even if Avalon and others get backing, none of them can mine more than 35% of the network before they have to start selling excess hashing power. There is still a big piece of the pie for activemining to capture. By the time the competitors have their 20nm chips, eAsic's products will be in Ken's hands. eAsic is no joke they will not fall behind a puny startup like Avalon.

[Exocyst]

Man, I'd hate to be long Activemining today.  That's why I don't mess with options.

When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'   

iCEBREAKER is standing at the bar yelling "fire!" Oh look... no line now.

Honestly, this news won't affect anything for months and months, and Fiat money investors will run the next time bitcoin hits 65 USD. This is a bargain buy night for a variety of securities.

[identityunknown]

Man, I'd hate to be long Activemining today.  That's why I don't mess with options.

When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'   

iCEBREAKER is standing at the bar yelling "fire!" Oh look... no line now.

Honestly, this news won't affect anything for months and months, and Fiat money investors will run the next time bitcoin hits 65 USD. This is a bargain buy night for a variety of securities.

At the current btct price - 0.005, it is not a bargain buy. It's hardly a 10% discount on what it was selling for days before. There is already 10k selling volume around 0.005. We're looking at a price down to at least 0.004 as more shareholders react and pile in on the sell side.

[VolanicEruptor]

if this news is true, I don't even care of activemining plummets down to .003.. I'm just glad to be in Bitcoin.
The price will, however restabilize at .006.  If it doesn't then I'll make it..

[adub]

It's a FUD campaign with a short term impact. Buying more shares now before everyone sees through this BS and buys back.

[redbeans2012]

From the guy that runs bitgarden

Hello everyone...er... Hello every shareholder,

1  About that "big news" regards to Avalon:  

        1  From a thread at btcman.com that was posted by a ID called "gridchip" last month, we (incl. all btcman`s members) can sure that Avalon team do have a big discord inside. It was written in chinese and need to register&login to read ,so I d prefer not giving the link here (all chinese shareholders can find it at "比特币挖矿区" board) However, I hardly believe the rest of this news is real.

        2  We have created a Mathematical Model for our future strategy , which shows that we can easily make money with our 1st gen chips before the whole network reach to 4000TH, in addition,both cost saving and rate-raising could make this Number even higher and therefore prolong the duration of service life of our 130nm chips, furthermore, we will be seeing our 40nm at the end of 2013.The MM is still being adjusted, here s a screenshot of it:





2  I ll upload the photos of PCB & the "big review meeting" in Saturday , while all members of our team will be in Beijing.


****

I dont understand what he means maybe his translator didn't translate some words right.

[4ju5tice]

It's a FUD campaign with a short term impact. Buying more shares now before everyone sees through this BS and buys back.

Agree 100%. It has been excellently executed. Oh well, I increased my shares.

[Technologov]

Wanna have the real fun?

Avalon ventures fund, that got $200 million is NOT our Avalon mining company.
http://avalonvi.com/

.. Just a similar name :-)

Now I wanna see all the speculators, who sold quickly, coming back even quicker and re-purchasing ActM stocks at even higher price.
That's where the real fun begins :-)

-Technologov

[SimonL]

Would this be the "big news" people are falling over? http://www.feld.com/wp/archives/2011/01/avalon-ventures-raises-a-new-200-million-fund-and-gets-a-new-website.html

[4ju5tice]

Man, bargain prices. Wait for Easic news, and i can see ACTM making .01.

[Rozal]

Would this be the "big news" people are falling over? http://www.feld.com/wp/archives/2011/01/avalon-ventures-raises-a-new-200-million-fund-and-gets-a-new-website.html

Same number, different story.

[somestranger]

Would this be the "big news" people are falling over? http://www.feld.com/wp/archives/2011/01/avalon-ventures-raises-a-new-200-million-fund-and-gets-a-new-website.html

First there was this article http://bitcoinexaminer.org/avalon-might-be-getting-a-200-million-investment-and-20nm-technology-to-become-the-leader-of-the-mining-market/. Since there's just one sketchy source for it people thought it was being confused with the Avalon Ventures company.

Now there's this new article from the WSJ saying the same thing which makes it a lot more murky. It could definitely be bullshit and the WSJ is just copying Bitcoin Examiner, though. https://bitcointalk.org/index.php?topic=268180.msg286806

[Exocyst]

Love these cycles. You guys are just giving me your shares. I agree with VE, the volume is so low you can set the price where you want with -/+ 20k shares.

[iCEBREAKER]

It's a FUD campaign with a short term impact. Buying more shares now before everyone sees through this BS and buys back.

Have fun grabbing that falling knife, and enjoy the complimentary blowtorching as we plummet towards IPO price.

I wish AMC all the luck in the world, because they're going to need it.  It took us months to raise $1 million.  Whales like Lewis piss that kind of cash.  Even $200 million is just fun money, good for throwing at crazy ideas like Bitcoin, to them.

We need to be realistic, stop the rah-rah-rah cheerleading, then evaluate how to keep Avalon-on-Steroids and Cointerra from bulldozing us like a Palestinian refugee camp.

(Just added 'Cointerra' to my auto-correct dictionary.  Because it's not going away, no matter how hard we close our eyes and wish.)

[S M I L Y]

Avalon 20nm is total BS.   Intel, the MASTERS at wafer fab are only shipping processors at 22nm!!!!   20nm for an amateur like Avalon is at least 2 year away... and even that is optimistic!

Even if they could get a fab that can do 20nm, laying out a chip that runs at 20nm is far beyond Avalon.  

[Panterino]

It's a FUD campaign with a short term impact. Buying more shares now before everyone sees through this BS and buys back.

Have fun grabbing that falling knife, and enjoy the complimentary blowtorching as we plummet towards IPO price.

I wish AMC all the luck in the world, because they're going to need it.  It took us months to raise $1 million.  Whales like Lewis piss that kind of cash.  Even $200 million is just fun money, good for throwing at crazy ideas like Bitcoin, to them.

We need to be realistic, stop the rah-rah-rah cheerleading, then evaluate how to keep Avalon-on-Steroids and Cointerra from bulldozing us like a Palestinian refugee camp.

(Just added 'Cointerra' to my auto-correct dictionary.  Because it's not going away, no matter how hard we close our eyes and wish.)

If they had anything, they'd be hashing right now. Since they aren't, it shows it's going to be a while until anyone turns the corner. Personally, I'm betting on eAsic.