[ActiveMining] The Official Active Mining Discussion Thread

[Mabsark]

So, now ActM's share price has dropped below Labcoin's and it looks like it will drop down to around 0.0025, whereas Labcoin will be heading up to 0.01 BTC when they start hashing within the next 2 weeks. I told you guys this was going to happen when the price was about 0.0045-0.005 BTC. It was blatantly obvious.

It's also blatantly obvious that Labcoin will have their 50TH/s online before ActM even have ASIC samples. Those of you holding ActM at this point are just being sycophantic fanboys and that fanboyism is leading you to ignore a great opportunity to make a hell of a lot of profit.

01. Sell ActM
02. Buy Laboin
03. Wait
04. Sell Labcoin
05. Profit
06. Buy ActM
07. Wait
08. Sell ActM
09. Profit
10. Invest in new IPO or existing successful assets.

[zumzero]

Sell ActM

Buy Labcoin

Miss the boat

Erm...?

[bobboooiie]

Sell ActM

Buy Labcoin

Miss the boat

Erm...?

Missing the titanic woudlnt be that bad

[zumzero]

Sell ActM

Buy Labcoin

Miss the boat

Erm...?

Missing the titanic woudlnt be that bad

There's more than one Titanic in this industry, I can assure you of that.  Chosing who to sail with is key.  

Take that 7 million tonne immovable iceberg that iCEBREAKER is stearing IceDrill straight into!   

[Mabsark]

Sell ActM

Buy Labcoin

Miss the boat

Erm...?

The ActM boat isn't going anywhere till November at the very earliest. Labcoin's rise in price will be mostly over by then and shares will be at least 0.01 BTC within the next 2 weeks. There's plenty of time to profit from Labcoin before ActM sets sail, then do it all over again with ActM.

[zumzero]

Sell ActM

Buy Labcoin

Miss the boat

Erm...?

The ActM boat isn't going anywhere till November at the very earliest. Labcoin's rise in price will be mostly over by then and shares will be at least 0.01 BTC within the next 2 weeks. There's plenty of time to profit from Labcoin before ActM sets sail, then do it all over again with ActM.

I hope you do well out of it.  Perhaps leave others to follow their own strategy though?

[BitcoinForumator]

The way I see it the question here is not if the NDA will succeed and ATCM will deliver in the near future. You (we) can bet on this and stay-in but the movement that is happening right now is that ACTM will probably tank until NDA is lifted. It's all about these news related movements. Meanwhile while this is happening there are other options which will deliver sooner than ACTM and people will rush/have rushed into that. So Mabsark isn't off here.

Question is how long will it take for eAsic and ACTM to seal the deal and how fast can we get back on board. I guess it's pretty sure to say it won't happen at least for couple of days, after that I have no idea...

[zumzero]

Is it not also the case that even if people wanted to sell ActM for bitcoin, they couldn't due to the fact that they would quickly push the price below an acceptable selling level.

[Sou]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

[EskimoBob]

I was told, that NDA is available here: http://axs.net/AMC/eAsic-NDA0001.jpg

....
The confidential information to be disclosed under this agreement is described as follows: XXXXXXX XXXXXXX XXXXXXX XX  XX  XX XXXXX XX
...

[Sou]

The way I see it the question here is not if the NDA will succeed and ATCM will deliver in the near future. You (we) can bet on this and stay-in but the movement that is happening right now is that ACTM will probably tank until NDA is lifted. It's all about these news related movements. Meanwhile while this is happening there are other options which will deliver sooner than ACTM and people will rush/have rushed into that. So Mabsark isn't off here.

Question is how long will it take for eAsic and ACTM to seal the deal and how fast can we get back on board. I guess it's pretty sure to say it won't happen at least for couple of days, after that I have no idea...

I could totally see them waiting till they have a fully working piece of hardware. Seems very Apple-esk to keep everything super secretive until the theatrical revealing of the new product.

[Stuartuk]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make in Labcoin will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

[EskimoBob]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

Nice cheer leading attempt. This all sounds fine but only! when there will be good news.

So far, every chip (FPGA, ASIC) project has managed to overestimate their abilities and failed at every delivery dates promised. "In two weeks" has become a joke around here.
Is Actm an exception?
No wonder, they are scared to publish project plans /road maps with dates.
BTW, professionals are usually not afraid of that because hiding under the bed will not fix the situation.

[Mabsark]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make in Labcoin will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

That just means you should act now before someone else does and sends the price crashing down.

Look at it like this though. If you have 100 ActM shares and sell them for 0.002 BTC, you'll have 0.2 BTC. That'll get you 50 Labcoin shares at 0.004 BTC. If you sell those Labcoin shares for 0.01 BTC in 2 weeks, you'd have 0.50 BTC. You could rebuy 100 ActM shares at 0.0050 BTC without taking a loss. If you rebought ActM at 0.0025, you could buy 200 shares.

[BitcoinForumator]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make in Labcoin will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

That just means you should act now before someone else does and sends the price crashing down.

Look at it like this though. If you have 100 ActM shares and sell them for 0.002 BTC, you'll have 0.2 BTC. That'll get you 50 Labcoin shares at 0.004 BTC. If you sell those Labcoin shares for 0.01 BTC in 2 weeks, you'd have 0.50 BTC. You could rebuy 100 ActM shares at 0.0050 BTC without taking a loss. If you rebought ActM at 0.0025, you could buy 200 shares.

I agree but you're saying like 0.01 Labcoin is set in stone. Not arguing with you but where do you get this confidence from?

[crumbs]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

Party on, Active Miners!

[AngelSky]

The price is going down too fast, i guess someone is going to buy-all.

[Stuartuk]

Any money you might make will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

Nice cheer leading attempt. This all sounds fine but only! when there will be good news.

No cheerleading here. It's a comment about a specific short-term trading strategy taking into account traded Volume which was ignored by the OP. If you trade short term, Volume and liquidity are crucial factors more so than price. If you ignore these you are in for a dose of humble pie. I have advised it's going to fail even without news due to the hard facts about the current situation of the stock. No cheerleading, this is news or not.

[crumbs]

The price is going down too fast, i guess someone is going to buy-all.

Labcoin is doing really well.  They shored up their price by posting a picture of a chip.  Maybe Ken will do something similar?
Nah...  As the advisory board succinctly pointed out, he doesn't care what his stock does -- he already got ur coins.

[Mabsark]

For the people planning on selling their Labcoin shares to jump back into ActM when things pick up: I'm not sure there is actually enough people selling to get in low. If there was a sudden shift in momentum it's only like one or two bigger orders back to .006 - .007 for the most part. Good luck though!

Correct. As I've pointed out twice in the past few days these price moves are on very low volume. 10k sale is moving price a long way down - and the reverse will be true. So when people try to get back in (even before news) they will be in for a surprise. Any money you might make in Labcoin will be taken back off you by ACtM sellers when you try to get back in. lol I'll say thanks in advance on their behalf.

That just means you should act now before someone else does and sends the price crashing down.

Look at it like this though. If you have 100 ActM shares and sell them for 0.002 BTC, you'll have 0.2 BTC. That'll get you 50 Labcoin shares at 0.004 BTC. If you sell those Labcoin shares for 0.01 BTC in 2 weeks, you'd have 0.50 BTC. You could rebuy 100 ActM shares at 0.0050 BTC without taking a loss. If you rebought ActM at 0.0025, you could buy 200 shares.

I agree but you're saying like 0.01 Labcoin is set in stone. Not arguing with you but where do you get this confidence from?

If LC was as profitable as AM, each share would be worth 0.1 BTC if AM shares were valued at 2.5 BTC. 0.01 BTC represents 10% of the profitability of AM at 2.5 BTC. That's about 4/5 Th/s. Labcoin will have 3/4 Th/s with a further 50 Th/s incoming in October. Getting the mining operation up and running will also squash fears about Labcoin being a scam. Then factor in that the 65nm chip has also been under development for a while now.

Looking at expected dividends from mining in 2 weeks from now, 3/4 Th/s will represent a minimum of 0.5% of the network hash rate.

0.5% of the network hash rate
BTC/Round = 252 BTC
30% Reinvestment = 75.6 BTC
70% Dividends = 176.4 BTC
Dividends/Round = 0.00001764 BTC

If LC shares are worth 0.01 BTC and AM shares are worth 2.5 BTC, then you can get 250 LC shares for 1 AM share. The dividends from those 250 shares would give 0.00441 BTC per round. A round will be shorter than 2 weeks though if the network is growing, and will likely be between 10 and 14 days, therefore LC would provide between 0.002205 BTC and 0.003087 BTC in dividends per week. AM's last weekly dividends was 0.01239987 BTC. LC would provide between 18% and 25% of what AM's current dividends are.

So, if 0.01 BTC represents 10% of the profitability of AM at 2.5 BTC per share and LC is providing 18% to 25% of what AM's dividends are, then clearly LC is under priced compared to AM and LC should be worth between about 0.018 BTC and 0.025 BTC.