[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[tom.hashemi]

hashslow is already announcing delays, so give it up already

Excluding the most optimistic shipping date from the range of possible outcomes is not a delay.

Anyone familiar with BTC ASICs knows better, expects the unexpected, and accounts for Hofstadter's Law.

HashFast customers now have more certainty and a firmer shipping date based on the updated, more accurate schedule.

OTOH, ACTM customers (all five of them) and investors (both of them) still know little to nothing about

1. Klondike status

2. FH chip specs (die size, dies per wafers per batch, etc).

3. FH chip schedule (batch size, timing, etc)

4. PR agent hire (promised last month)

5. balance sheet (promised last month)

6. Batcave status (lease signed?  $/sq ft?  $/kWhr?)


We know one share of IceDrill is worth 12MH/sec in mid-Nov.

We don't know how many MH/sec a share of ACTM represents, nor when it will be online.

You can redeem 120,000 shares of IceDrill for a 1.2TH Sierra with mid-Nov delivery.

You can't redeem 120,000 shares of ACTM for any amount of ASIC, with or without mid-Nov delivery.

You are indeed the re-hash king but my eyes grow heavy and I can't quite keep my self aw......


Zzzzzzzzzzz

+1

[knybe]

a posting on r/Bitcoin

My advice to any panicked investors of BTC securities. (X r/bitcoinstocks)

First of all, for the sake of credibility, here's my story: I heard about Bitcoin several years ago but didn't buy in until around $50 earlier this year. I put it straight into AsicMiner shares at .7.
I day traded, picked up a few dozen more shares. Sold a bunch at the peak (around 4.9 on BF) and picked up a bunch of AMC shares at .0005. I sold about $12k worth for living expenses, all for above .005. In short I have an excellent record of buying low and selling at the peaks. I'm still holding 250,000 shares of ActM, 70 shares of AsicMiner, and maybe 35,000 of IceDrill. I've cashed out more USD than I ever put in initially.
And even though my portfolio value has "lost" 6 figures I'm still a happy shareholder. So what is going on right now? To the 48-BTC-loss guy from r/BitcoinStocks and anyone else who is down on their investment:
You haven't lost anything until you sell at an undervalued price. You own shares on an exchange that is being hammered by regulators, which is artificially driving down market value.
Don't bother looking at the price figures right now because they don't contain any useful information. Consider your stocks insoluble until a colored coin implementation pops up (which, with the latest push for development, should be any time now).
If you're in a position where you have extra coin to invest, I truly don't see the prices going any lower than they are now. I also think that once the new wave of investors start to get more familiar with the BTC space, we'll see share prices (at least of the companies that I mentioned) start to go up.
Don't get me started on how cheap stuff is on Havelock right now. (Particularly AM1 in my opinion, not trying to pump here at all though). BTC investors are so shortsighted that all it takes is a few weeks of withheld divs to bring the price down. Soon the divs will start coming back up, colored coins will come online, and the new investors will show up. It's going to be an excellent combo and I think anyone holding BTC securities is going to be very happy in the next few months. If you're lucky enough to be able to buy in Bitfunder right now I envy you.
Just my $.02, smart money is staying put and the smartest money hasn't even flinched.

[crumbs]

a posting on r/Bitcoin

My advice to any panicked investors of BTC securities. (X r/bitcoinstocks)
...

My advice to panicked investors of BTC securities:  Always listen to strangers when money's at stake.  It got you this far.

[iCEBREAKER]

HashFast customers now have more certainty and a firmer shipping date based on the updated, more accurate schedule.

OTOH, ACTM customers (all five of them) and investors (both of them) still know little to nothing about

1. Klondike status

2. FH chip specs (die size, dies per wafers per batch, etc).

3. FH chip schedule (batch size, timing, etc)

4. PR agent hire (promised last month)

5. balance sheet (promised last month)

6. Batcave status (lease signed?  $/sq ft?  $/kWhr?)


We know one share of IceDrill is worth 12MH/sec in mid-Nov.

We don't know how many MH/sec a share of ACTM represents, nor when it will be online.

You can redeem 120,000 shares of IceDrill for a 1.2TH Sierra with mid-Nov delivery.

You can't redeem 120,000 shares of ACTM for any amount of ASIC, with or without mid-Nov delivery.

You are indeed the re-hash king but my eyes grow heavy and I can't quite keep my self aw......


Zzzzzzzzzzz

My Dearest zumzero,

I don't expect you to put down the pom-poms and stop cheerleading long enough to address my six enumerated concerns (Klondike, specs, schedule, PR, balance, Batcave).

After all, you wouldn't listen back in August when I told you to read the writing on the wall so there's no reason to expect you to suddenly start now.

Remind us again how that's working out for you.   

[knybe]

↑↑ can't see your lovely responses guys (guy), but I'm sure they're doosies.

[knybe]

is wednesday still dividends day?

anyone?

[kslaughter]

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid.  All Investors transferring their shares to this account will continue to accumulated dividends on their shares. 

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013. 

[bigdude]

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid.  All Investors transferring their shares to this account will continue to accumulated dividends on their shares. 

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013. 

and then?

how will you know who sent you the shares, and keep dividends etc

[kslaughter]

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid.  All Investors transferring their shares to this account will continue to accumulated dividends on their shares. 

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013. 

and then?

how will you know who sent you the shares, and keep dividends etc

We will be using the Bitfunder transaction logs and asset list from Bitfunder.  Investors will need to be able to sign the Bitcoin address in their Bitfunder account at a later date. 

[kleeck]

Tell us about the prototype, Ken.

[thefunkybits]

Tell us about the prototype, Ken.

[drawingthesun]

Tell us about the prototype, Ken.

Like I said, unless otherwise stated, the prototype will be another 2 weeks.

[superduh]

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid.  All Investors transferring their shares to this account will continue to accumulated dividends on their shares. 

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013. 

and then?

how will you know who sent you the shares, and keep dividends etc

We will be using the Bitfunder transaction logs and asset list from Bitfunder.  Investors will need to be able to sign the Bitcoin address in their Bitfunder account at a later date. 

why not just tender it to cryptostocks for the time being since you're listed there anyways. it's a waste of time again but it'll be easier going forward no?

[pedrog]

is wednesday still dividends day?

anyone?

50 satoshis per share.

[stslimited]

I'm a fan of 796.com

[djbooth007]

Important Notice (October 23th, 2013):

Please be advised that ActiveMining is implementing the following rules and procedures for Investors wanting to keep their shares:

Investors who fail for any reason to provide the information necessary to obtain "Verified" status on Bitfunder are encouraged to transfer their shares on BitFunder to the Bitfunder user AMC-TENDER no later than November 6, 2013 before dividends are paid.  All Investors transferring their shares to this account will continue to accumulated dividends on their shares.  

The October 30th dividends will be suspended and accumulated for payment on November 6, 2013.  

and then?

how will you know who sent you the shares, and keep dividends etc

We will be using the Bitfunder transaction logs and asset list from Bitfunder.  Investors will need to be able to sign the Bitcoin address in their Bitfunder account at a later date.  

People who have not enabled 2-factor authentication will not be able to transfer. Can someone give a step-by-step for doing this, detailing the Google side and Bitfunder side?

EDIT: The easiest method is with a smartphone. Download the Google Authenticator app and scan the barcode you'll find in Bitfunder > {username} > Security
The app will display a code that you can enter into bitfunder. Make sure you write down the bitfunder KEY.

(sorry if this was obvious for some people, but Bitfunder gives no explanation at all)

[knybe]

Tell us about the prototype, Ken.

Like I said, unless otherwise stated, the prototype will be another 2 weeks.

thx Ken. huh? …oh.

[interJ]

Ken, I've submitted documentation to get verified on BF, but I know Ukyo has a substantial queue to get through. Should I still transfer my shares if, come November 6th, I'm still waiting to get verified?

[kslaughter]

Ken, I've submitted documentation to get verified on BF, but I know Ukyo has a substantial queue to get through. Should I still transfer my shares if, come November 6th, I'm still waiting to get verified?

Yes, that would be the safe way, to make sure you receive your dividends.

[somestranger]

why not just tender it to cryptostocks for the time being since you're listed there anyways. it's a waste of time again but it'll be easier going forward no?

Why transfer to cryptostocks when they can be transferred now to the ActiveMining exchange? That way they don't need to be transferred from cryptostocks to the new exchange. If the reason is to trade them, well, good luck with that on cryptostocks which has no liquidity.