[ActiveMining] The Official Active Mining Discussion Thread

[somestranger]

I'm pretty sure he's also got some BTC laying around since the NRE was paid when the BTCUSD rate rose. There are also something like 120,000 shares not issued yet (out of 10,000,000) if really needed.

[deizel]

Does Ken have $$/btc to then go and order a crap load of chips to ramp up hashrates??

Yes:

Just did a quick adding up of our funds.  Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall.  We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses.  Also, we need some room just in case the price of bitcoins goes down.

[bigdude]

Does Ken have $$/btc to then go and order a crap load of chips to ramp up hashrates??

Yes:

Just did a quick adding up of our funds.  Converted @ 93.40 we have ~$890,000, so I am going to add 500,000 shares to the wall.  We need funds to cover the 40-60 machines we are building, to finish paying for our prototypes, finish paying for the engineering of the prototypes, and some for general operating expenses.  Also, we need some room just in case the price of bitcoins goes down.

Excellent, thank you

[freedomno1]

So time to buy or sell 

[iCEBREAKER]

I'm losing my ass here, haha

I gave plenty of fair warnings, which you choose to ignore.  Enjoy your reward!          

[Plazma]

Still best company to invest in.

[aquarius]

Still best company to invest in.

[thefunkybits]

Still best company to invest in.

[snowdropfore]

Still best company to invest in.

[alexius89]

Still best company to invest in.

[iCEBREAKER]

Still most fucked company to invest in.

FTFY.

[MonkeyMarcel]

Picked up so many cheap shares this last day! 

When do you become a whale?

[bigdude]

Picked up so many cheap shares this last day!  

When do you become a whale?

Good Question.

[Mabsark]

Still best company to invest in.

ActM have 430 Gh/s online. In the next week, Labcoin will be bringing 10x that hashing power online. Over the next 2 weeks, ActM's price is going to drop to about 0.001 BTC and stagnate there till November when they bring some hashing power online based on their sample chips. Until then, they're stuck with the 430 Gh/s they currently have.

So yeah, now is an excellent time to invest in this company, honest!

Perhaps one of you lunatics can explain something? Why do you think ActM is worth more than 0.001 BTC while LC is worth less than 0.01 BTC and will have 10x the hashing power within the next week?

[Mabsark]

Still best company to invest in.

ActM have 430 Gh/s online. In the next week, Labcoin will be bringing 10x that hashing power online. Over the next 2 weeks, ActM's price is going to drop to about 0.001 BTC and stagnate there till November when they bring some hashing power online based on their sample chips. Until then, they're stuck with the 430 Gh/s they currently have.

So yeah, now is an excellent time to invest in this company, honest!

Perhaps one of you lunatics can explain something? Why do you think ActM is worth more than 0.001 BTC while LC is worth less than 0.01 BTC and will have 10x the hashing power within the next week?

You keep repeating the same shit, first off I'm going to report this to the moderators for spam since you have stated this same thing 8 times.

Second off, no one is buying Shares of ActM for their current hashrate, the price of shares does not reflect that. If you want to go buy shares based on current hashrate go buy Lab Rat Mining shares.

The shares are valued at potential of the company. obviously we value ActM's potential a lot more than Labcoins. It's fairly Obvious Labcoin is needlessly spending money on old technology to try to trick shareholders into thinking they will be able have sustainable hashrate by going to 130 to 55 to 28 or whatever their plan is. It's cheaper/faster/more sustainable to go right to 28nm and have not "trick" shareholders with a meaningless 4TH.

Hey, you keep telling the truth to people, I'm telling the teacher on you!

If it's cheaper/faster/more sustainable to go straight to 28nm then why are there currently no 28nm ASICs and why is the most successful ASIC company using 130nm ASICs? At some point, you've got to realise that what you are saying is simply nonsense that you made up which has no evidence whatsoever to back it up.

If LC are trying to "trick shareholders" with a "meaningless" 4 Th/s, then what the hell are ActM trying to do with their miraculous 430 GH/s?

LC will have 50 Th/s online before ActM even gets its sample chips. It'll have rolled out he 65nm chips by the time ActM get to the mass production stage.

[crumbs]

Still best company to invest in.

ActM have 430 Gh/s online. In the next week, Labcoin will be bringing 10x that hashing power online. Over the next 2 weeks, ActM's price is going to drop to about 0.001 BTC and stagnate there till November when they bring some hashing power online based on their sample chips. Until then, they're stuck with the 430 Gh/s they currently have.

So yeah, now is an excellent time to invest in this company, honest!

Perhaps one of you lunatics can explain something? Why do you think ActM is worth more than 0.001 BTC while LC is worth less than 0.01 BTC and will have 10x the hashing power within the next week?

You keep repeating the same shit, first off I'm going to report this to the moderators for spam since you have stated this same thing 8 times.

Second off, no one is buying Shares of ActM for their current hashrate, the price of shares does not reflect that. If you want to go buy shares based on current hashrate go buy Lab Rat Mining shares.

The shares are valued at potential of the company. obviously we value ActM's potential a lot more than Labcoins. It's fairly Obvious Labcoin is needlessly spending money on old technology to try to trick shareholders into thinking they will be able have sustainable hashrate by going to 130 to 55 to 28 or whatever their plan is. It's cheaper/faster/more sustainable to go right to 28nm and have not "trick" shareholders with a meaningless 4TH.

Lolz.  Why, exactly, does ActM have "potential," and how does one go about evaluating this potential?
From reading Ken's first post in this thread:

"ActiveMining is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC)."

So, let's see...  

Cryptocoin mining:  
     Promised: "In total, around 6,377 GH/s, expected to be fully operational in the middle of August."
     Delivered:  430 GH/s, a lulzy fraction.

Self-built ASIC devices:  None.  There is an NDA with eAsic, beyond this we know nothing.  Not even whether any money has changed hands.

Corporate assets:  Probably.  No figures are available.

Management Team:  Ken's family.
   Qualifications:  Last name "Slaughter."

What ROI is a rational investor to expect from this venture:

[deizel]

.. by the time ActM get to the mass production stage

.. ActM will have monthly profits (from mining + hardware) approaching BTC50K/mo and everyone who bought at IPO prices will have broken even on dividends alone.

[Mabsark]

.. by the time ActM get to the mass production stage

.. ActM will have monthly profits (from mining + hardware) approaching BTC50K/mo and everyone who bought under 0.004 will have broken even.

Without the ability to mass produce hardware due to not having the ASICs? I seriously doubt it. Between now and November, ActM will be paying dividends from 430 Gh/s. That'll fall from the 220 Satoshis it's currently at to a few tens of Satoshis by November when they get their samples. Low volume production wont start till around December and normal volume production won't start till around February. That's based on Ken's own estimates, which is likely based on info provided directly by eASIC.

So, where are you expecting this 50K to come from and in when are you expecting it?

[deizel]

So, where are you expecting this 50K to come from and in when are you expecting it?

75% of the 50K comes from hardware sales.

The Avalons we didn't receive are a drop in the ocean. Would they have even made ROI?

Some/all of the refund money may still come as dividends, though many suggest we reinvest it instead.

Avalon update-

Ken has requested of Yifu to refund his orders for Avalon chips:
ORDER   DATE   STATUS   TOTAL
#10473  June 1, 2013  Sample-chip-shipped  782.10 for 1 item

#10409  May 28, 2013  Sample-chip-shipped  782.10 for 1 item

[Vbs]

Perhaps one of you lunatics can explain something? Why do you think ActM is worth more than 0.001 BTC while LC is worth less than 0.01 BTC and will have 10x the hashing power within the next week?

Because hashing power means crap in a scenario where diff rises at ~1.7%/day, like we have currently. In 60 days LC's hashrate will be worth ~1/(1.017^60) = ~36% of what it's worth today.

Chip sales revenue will beat any of that, especially efficient 28nm chips.