[ActiveMining] The Official Active Mining Discussion Thread

[VinceSamios]

Heh. Mindless member...

quoted - because this did receive the comedic praise it deserved....

[ffssixtynine]

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

[VinceSamios]

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

Agree - and definitely re-invest. I didn't pay what I paid for ActM shares in order to get some of it back as a dividend. I think a far far far better value proposition is to hold coins as a buffer in case of increased manufacturing costs (unforeseen) and if those don't materialise, to catapult expansion of hashing power.

[funkymunky]

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

I do not agree with a lawsuit with us directly involved. However; I believe Kens thoughts on this may be to have other entities partake in this, which would then cause issues for a "competitor" giving us one step up from them.


After a long hard think I believe we should request refunds due to the amount and have these re-invested.
I personally don't want these back in dividends, even though it would be nice short term I think we definitely need to look long term.

[funkymunky]

I liquidated 99% of my other stocks to go all in to ActiveMining. (The only reason it's not 100%is because I couldn't sell my remaining AsicMining direct shares - In fact if anybody wishes to swap, to show prove my below statements? Let me know).


Not to go into details, however; if I sold now I would be very happy with the Bitcoins received.
This obviously puts me in the pro-ActiveMining category.


The reason I am not selling now is that I have a lot of faith in Ken, his team and our newly appointed Advisory / Shareholder Board Members.

Just out of curiosity, why? I never really paid much attention to this forum when I was GPU mining, so I don't really know the history.

But with all the competition from companies with far more experience with Integrated Circuits within the company or work very closely with one. (KnC, HashFast, Cointerra, Labcoin, etc) why do you think ActiveMining is going to be able to keep up with network growth and make a profit?

Those companies can share all kinds of details about their chips because they designed them.  Presumably some NDAs are involved but they can talk as much as they want about their own work.

From my perspective you're much better off being able to design your own chips because you can tweak the designs to get better performance, and of course you can save a ton of money by doing part of the design in house.

So, why is it you think ActiveMining is so much more likely to succeed then all the other companies out there? What do they have that the other's don't?

This is a good question, sorry to drag it up.

From speaking to Ken directly (PM, IRC & Email) on numerous occasions I got the impression that this is somebody I would be willing to back in a high risk scenario, which this is.
When the prospect of eASIC came into the picture, this was a selling point for me which helped gain the final confidence needed to buy "all-in".

[VinceSamios]

I liquidated 99% of my other stocks to go all in to ActiveMining. (The only reason it's not 100%is because I couldn't sell my remaining AsicMining direct shares - In fact if anybody wishes to swap, to show prove my below statements? Let me know).


Not to go into details, however; if I sold now I would be very happy with the Bitcoins received.
This obviously puts me in the pro-ActiveMining category.


The reason I am not selling now is that I have a lot of faith in Ken, his team and our newly appointed Advisory / Shareholder Board Members.

Just out of curiosity, why? I never really paid much attention to this forum when I was GPU mining, so I don't really know the history.

But with all the competition from companies with far more experience with Integrated Circuits within the company or work very closely with one. (KnC, HashFast, Cointerra, Labcoin, etc) why do you think ActiveMining is going to be able to keep up with network growth and make a profit?

Those companies can share all kinds of details about their chips because they designed them.  Presumably some NDAs are involved but they can talk as much as they want about their own work.

From my perspective you're much better off being able to design your own chips because you can tweak the designs to get better performance, and of course you can save a ton of money by doing part of the design in house.

So, why is it you think ActiveMining is so much more likely to succeed then all the other companies out there? What do they have that the other's don't?

This is a good question, sorry to drag it up.

From speaking to Ken directly (PM, IRC & Email) on numerous occasions I got the impression that this is somebody I would be willing to back in a high risk scenario, which this is.
When the prospect of eASIC came into the picture, this was a selling point for me which helped gain the final confidence needed to buy "all-in".

I think another important point is that ActM doesn't need to be better than competitors, however in the publicly listed mining company market, ActM is the ONLY 28nm option. There is plenty of scope for ActM to take a decent chunk of the market regardless of having the best products or not. Hell, ASICMiner has one of the worst offerings, 10-13% of the market, and over $100mil valuation. If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

[crumbs]

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there.  They didn't, so we won't.

[crumbs]

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there.  They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory

As we speak, Active Mining has zero wafers, netting zero chips.  There are also zero pigs on Mars that i know of.  The analogy is solid.

Edit:  Why did you bring up AsicMiner?

Edit2:  I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.  

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

[zefyr0s]

Why would pigs colonize Mars just to install a device of mass genocide?

[VolanicEruptor]

This is not an IPO..

[zumzero]

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there.  They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory

As we speak, Active Mining has zero wafers, netting zero chips.  There are also zero pigs on Mars that i know of.  The analogy is solid.

Edit:  Why did you bring up AsicMiner?

Edit2:  I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.  

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

What a load of utter shite this guy talks!

[San1ty]

Looks like a lot of folks are losing faith, Should we be expecting a mass exodus to Labcoin?

[crumbs]

... If ActM can get 10% of the mining market, then our shares are worth 1000% more than current prices, and ActM could continue to grow because ActM mining hardware is cost efficient (power costs). THIS is what makes ActM such an attractive investment.

If pigs colonized Mars, we could discuss the wisdom of building a slaughterhouse there.  They didn't, so we won't.

What do you propose the total hashrate will be come January? Probably around 7-10PH?

10% is only 1PH - 62,500 "16GH" Chips or 50,000 "20GH" chips.

I guess around 2,000 Chips per wafer. so 25-32 Wafers. (Most Fabs make you order a minimum of 25 Wafers for a full run)

Also considering ASICMiner is using well over 100,000 chips I'd say this is much more probable than your pig/mars theory

As we speak, Active Mining has zero wafers, netting zero chips.  There are also zero pigs on Mars that i know of.  The analogy is solid.

Edit:  Why did you bring up AsicMiner?

Edit2:  I noticed a lot of maths with absolutely no roots in reality are used to generate equally far-fetched conclusions.  

Something along the lines of "if every spaceship carries just a pair of piglets, who breed during the trip, and there are 5 million spaceships making the voyage, Mars will be overcrowded by year 2034 if the ships travel at .0467c.

There are no spaceships on the way to Mars.
The nonexistent spaceships are not pigged by piglets.
There are no pigs on Mars.
Calculating pig population growth on Mars & counting the profits from selling hog oilers there is simply absurd.

Actually maths are based on other Bitcoin ASIC Chip size/Yield/Wafer Size.

At 28nm if he is only getting 20GH/Chip Maximum the chip size is probably closer to Avalons/Bitfuries and not HashFasts large chip at 400GH.

I bring up ASICMiner to show that having that many chips in a farm has already been done so it's not unrealistic (and again their chips blow and use tons of power/produce tons of heat)

This is an Security, the whole purpose of purchasing stock in this company is purely based on potential and guessing!  If there were pigs on mars (Bitcoins) and we were starting a company that was selling "hog oilers" (Chips), then yes it would be appropriate to try and calculate/theorize how many new piggies we can get!

My point is fairly simple:  Active Miner has no chips, and no evidence that it ever will (other than a NDA with eASIC, which means... what?).
The company's worth, at this point:
The money raised during the IPO & converted into $$$
The good name of Ken & family
The lulzy website
The NDA -- a Deathstar capable of annihilating probing questions.
6 Avalons a-hashin'.

[crumbs]

Looks like a lot of folks are losing faith, Should we be expecting a mass exodus to Labcoin?

I sure hope so, I need more cheap shares.

The NRE was paid, eASIC is on the job, we likely won't have news until a chip is born. By then you can imagine the price will go up 2-3 times at the very least.

It was?  This is a fact?  How much, when and to whom?

Edit:  The share price gets cheaper by the day, buy plox.

[physalis]

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

[crumbs]

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

[zefyr0s]

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

Dude, directly above that: "An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s."

Why would you even bother bring up the fact he hasn't met that over 6TH goal because we got no chips?

Also the question was specifically talking about mining with our 28nm chips, not the ones we're waiting on from Avalon.

[matuszed]

I think a lot of people with an appetite for chips are about to get refunded and ACTM is in the perfect position to fill that need.
 

[VolanicEruptor]

When do you guys imagine ActM to be hashing with their 28nm chips?
Just curious

...
In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

Nothing else could be discussed because NDA.

wtf.. You do know that he's referring to Avalon chips, not 28nm, right??  LOL.
You can't even troll properly.  I'll show you sometime..

[Streets 2.0]

Just come online today to see the Avalon stuff. Lawsuit would be madness, as I posted on the Avalon thread some days ago. Get the refund asap if it's on offer.

As for what to do - re-invest or dividend minus the costs incurred? Any other options?

Thoughts?

What about a 50/50 split on reinvestment and issuing of dividend from any available refund?  The shareholders need to be taken care of in some fashion surrounding this Avalon flub.

Thoughts?