ActiveMining Overview and Speculation Thread

[xchrisxsays]

Rumour has is that Cointerra/HashFast and KNC are better alternatives. But I really don't want to buy miner to do it solo and i'm also wary of the group buys. Is there an IPO at one of these 3? We all know that solo miners take the short end no matter how "advanced" their chips are, especially if you're not "first in the line".

What is the better alternative than ACTM?

This "rumor" you're referencing is advice from the trolls over in the other ActiveMining thread. I highly suggest you do your own research, do not trust the opinion of these people.

[BitcoinForumator]

Rumour has is that Cointerra/HashFast and KNC are better alternatives. But I really don't want to buy miner to do it solo and i'm also wary of the group buys. Is there an IPO at one of these 3? We all know that solo miners take the short end no matter how "advanced" their chips are, especially if you're not "first in the line".

What is the better alternative than ACTM?

This "rumor" you're referencing is advice from the trolls over in the other ActiveMining thread. I highly suggest you do your own research, do not trust the opinion of these people.

I would have to be knowledgable in this field (know about chip development etc) to come a sensible answer. Since i'm not, i can be easily swayed in different directions and that a problem. I also don't spot the trolls so easily, especially if they mix techical discussion in there. That's why I'm asking starter question and hopefully get even more answers so I can make a less clueless decision.

Currently I am invested in ACTM but at the same time on the lookout for other options.

[pheaonix]

Rumour has is that Cointerra/HashFast and KNC are better alternatives. But I really don't want to buy miner to do it solo and i'm also wary of the group buys. Is there an IPO at one of these 3? We all know that solo miners take the short end no matter how "advanced" their chips are, especially if you're not "first in the line".

What is the better alternative than ACTM?

from all of the reading i have done, i have come to the conclusion that actm is the best in the long run.

labcoin is basically trying to churn out avalon-level chips as quickly as possible asicminer style. their success is based on speed. very hit or miss.

[LorenzoMoney]

Hey! I got a dividend from ActM tonight!

Thanks Ken.

[N_S]

If you don't know, better not do anything, and especially do not listen to what people tell you if you don't understand why.

Quoting myself because I am the most interesting person in this thread.

If I recall my own non-bitcoin investor life, every time I listened to someone, I lost.
Every time I invested in something I actually understood - including their inner workings - I won.
And those times I usually was against mainstream opinion.

Pretty sure the share price is indicating that "mainstream opinion" is very much in line with what you're off barking about.

[LorenzoMoney]

Below is an email I received.


Avalon ASIC
Chips Delivery Update, September Edition

Due to events outside of our control, the delivery of chips have been delayed so far. While the situation are improving and chips are shipping, we have ultimately decided to revert our policy on no refunds and offer the option for customers to request a full refund(in bitcoin) if so desired.

The link to the request form is below, please note this only applies to orders made earlier than June 1st.

In other news, for those who decided to wait or wish to know more about delivery schedule will be glad to note we are receiving a batch of 400,000+ chips on Wednesday, with that we expect to be in good shape for meeting the upcoming deadlines of chip deliveries for orders made in June and later.

In addition, we hope to wrap up generation one, finish shipping the chips, construct the modules and build the 2 module Avalon mini, put this pre-order mess behind us in general and switch gear into 55nm production, tape out generation 3, and start work on improving chip design for generation 4. Only sell what we can produce in a day on the assembly line, and only what's in stock.
Request Refund
Copyright © 2013 BitSyncom LLC, All rights reserved.
You are receiving this email because you have expressed interests in the Avalon ASIC Bitcoin Miner

Our mailing address is:
BitSyncom LLC
187 Wolf Road, Suite 101
Albany, NY 12205

[LorenzoMoney]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

[Bitcycle]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

So by November it might get back to where it was a few days ago?

[Mabsark]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

ActM's price is going to drop to about 0.001 BTC, and Labcoin's price will rise to about 0.01 BTC within 10 days. That's fair because LC will have about 10x the hashing power as ActM at that point. By November, LC's price rise will be levelling off and ActM's price will start to rise as it receives its samples in November.

Selling off now has nothing to do with a lack of long term confidence and more to do with the realisation that ActM has nothing for the next few months whereas Labcoin will have a 5% share of the network hash rate by the time ActM even has samples.

Even if you believe in ActM in the long term, it still makes sense to sell your shares and buy LC, then sell the LC shares in November to buy back into ActM. That way you profit from the rise in both share prises.

[kingcrimson]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

ActM's price is going to drop to about 0.001 BTC, and Labcoin's price will rise to about 0.01 BTC within 10 days. That's fair because LC will have about 10x the hashing power as ActM at that point. By November, LC's price rise will be levelling off and ActM's price will start to rise as it receives its samples in November.

Selling off now has nothing to do with a lack of long term confidence and more to do with the realisation that ActM has nothing for the next few months whereas Labcoin will have a 5% share of the network hash rate by the time ActM even has samples.

Even if you believe in ActM in the long term, it still makes sense to sell your shares and buy LC, then sell the LC shares in November to buy back into ActM. That way you profit from the rise in both share prises.

What do you anticipate Labcoin peaking at?

[Mabsark]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

ActM's price is going to drop to about 0.001 BTC, and Labcoin's price will rise to about 0.01 BTC within 10 days. That's fair because LC will have about 10x the hashing power as ActM at that point. By November, LC's price rise will be levelling off and ActM's price will start to rise as it receives its samples in November.

Selling off now has nothing to do with a lack of long term confidence and more to do with the realisation that ActM has nothing for the next few months whereas Labcoin will have a 5% share of the network hash rate by the time ActM even has samples.

Even if you believe in ActM in the long term, it still makes sense to sell your shares and buy LC, then sell the LC shares in November to buy back into ActM. That way you profit from the rise in both share prises.

What do you anticipate Labcoin peaking at?

It'll depend on how successful it is. If it's as profitable as AM, then it's value should be 25x less than AM. So, with AM at 2.5 BTC that would be about 0.1 BTC. I doubt LC will be as profitable as AM, but I think it'll capture at least 5% of the network. I think we'll see about 0.07-0.08 BTC per share.

[pheaonix]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

ActM's price is going to drop to about 0.001 BTC, and Labcoin's price will rise to about 0.01 BTC within 10 days. That's fair because LC will have about 10x the hashing power as ActM at that point. By November, LC's price rise will be levelling off and ActM's price will start to rise as it receives its samples in November.

Selling off now has nothing to do with a lack of long term confidence and more to do with the realisation that ActM has nothing for the next few months whereas Labcoin will have a 5% share of the network hash rate by the time ActM even has samples.

Even if you believe in ActM in the long term, it still makes sense to sell your shares and buy LC, then sell the LC shares in November to buy back into ActM. That way you profit from the rise in both share prises.

What do you anticipate Labcoin peaking at?

It'll depend on how successful it is. If it's as profitable as AM, then it's value should be 25x less than AM. So, with AM at 2.5 BTC that would be about 0.1 BTC. I doubt LC will be as profitable as AM, but I think it'll capture at least 5% of the network. I think we'll see about 0.07-0.08 BTC per share.

if this is true then there is no reason why labcoin shouldn't already be at ~0.01, assuming investors with large sums are doing the maths. why wouldn't it? shouldn't hashing be starting very very soon?

[Mabsark]

That's fair because LC will have about 10x the hashing power as ActM at that point.

Are those real numbers? Because 10x almost nothing is still almost nothing.

Well, they're the numbers coming from LC. 3/4 TH/s is about 10x what ActM has and about 10x less that what AM has. If LC and AM are equally profitable, LC is worth 25x less than AM. If LC is 10x less profitable than AM, it's worth 250x less. 2.5 BTC / 250 = 0.01 BTC. If ActM is 10x less profitable than LC, then it's worth 0.001 BTC.

[ChefBorjan]

Dodged a (short term) bullet with this one. Decided to sell all my position at 0.0043 or so... I expected it to keep dropping further so took a risk. Not sure if 0.003 is the bottom though. I will definitely buy back in the near future, I'm waiting to see how the next week or two goes.

[Mabsark]

Every share of Active Mining that you sell right now is a share I am buying at a great price which will more than double by November.
Your lack of long term confidence and patience is future profit and gain for me.

Thank you.


 

ActM's price is going to drop to about 0.001 BTC, and Labcoin's price will rise to about 0.01 BTC within 10 days. That's fair because LC will have about 10x the hashing power as ActM at that point. By November, LC's price rise will be levelling off and ActM's price will start to rise as it receives its samples in November.

Selling off now has nothing to do with a lack of long term confidence and more to do with the realisation that ActM has nothing for the next few months whereas Labcoin will have a 5% share of the network hash rate by the time ActM even has samples.

Even if you believe in ActM in the long term, it still makes sense to sell your shares and buy LC, then sell the LC shares in November to buy back into ActM. That way you profit from the rise in both share prises.

What do you anticipate Labcoin peaking at?

It'll depend on how successful it is. If it's as profitable as AM, then it's value should be 25x less than AM. So, with AM at 2.5 BTC that would be about 0.1 BTC. I doubt LC will be as profitable as AM, but I think it'll capture at least 5% of the network. I think we'll see about 0.07-0.08 BTC per share.

if this is true then there is no reason why labcoin shouldn't already be at ~0.01, assuming investors with large sums are doing the maths. why wouldn't it? shouldn't hashing be starting very very soon?

Well, it is true, so what you are saying is that you think LC is under priced. The reason is likely due to LC having no hashing power at the moment. Once they bring that 3/4 Th/s online within the next 10 days though, things will look different. LC will have around 10% of the hashing power of AM, ActM will have around 10% of the hashing power of LC and both LC and AM will be priced accordingly.

So, prices are currently unrealistic but will be more realistic in 10 days.

[thefunkybits]

The orderbook is getting stacked up right now...There has been a big dump of Labcoin in the past few hours as the stocks have switched places.

I was hoping for a better bottom to add to my position, we shall see.

[BitcoinForumator]

The orderbook is getting stacked up right now...There has been a big dump of Labcoin in the past few hours as the stocks have switched places.

I was hoping for a better bottom to add to my position, we shall see.

Big dump? Switched places? What are you talking about? It basically the same as it was.

[thefunkybits]

The orderbook is getting stacked up right now...There has been a big dump of Labcoin in the past few hours as the stocks have switched places.

I was hoping for a better bottom to add to my position, we shall see.

Big dump? Switched places? What are you talking about? It basically the same as it was.

Labcoin price is now above ACTM, aka "switched places"

[LorenzoMoney]

Say anything you want negative about Active Mining today, but a) I believe in the long term plans Ken has and I believe the stock will go way up by mid November and that dividends will become consistent and healthy by then; b) I listen to the crap some of the trolls spewed on the other ActM thread and c) listened to some panicked big share holder and sold about a third of my holdings during that recent drop to .0027.


Well kids, those of you of little faith seemed to cash out today, because I was able to buy back in at even lower prices than I sold and the price of ActM went back up to a healthy hovering level, so please do panic. Those of us with faith and belief in ActM will thank you in a couple of months.

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

[Mabsark]

Yay! Sold high, bought back low!  In November Active Mining will be HIGH!

The price will drop to around 0.001 BTC over the next 2 weeks and stay there until November. Then it'll rise to a high. May as well take your money out and make some profit from it till then instead of letting it stagnate.