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

[EskimoBob]

When you write up weekly plans, use week numbers
This will save you from adding the date every time you talk about when something was promised, promised to be completed and actually completed.

Just like the rest of the lazy ass shareholders on here I have to do the work for you.

NRE Stated as Funded - July 20th, 2013

The NRE, which I believe is the most important and most critical, to the success of the project has been funded. This is a great time for the company and all of its shareholders.

+ 9 Weeks (Chip Samples)

• Chip samples delivered in 9 weeks;

Saturday, September 21, 2013
....

September 19 was week 38
Week 38, Chip samples delivered in 9 weeks;

38+9=47

Low-volume chip production starting in 12 weeks, using an e-beam process;

38+12=50

And so on.

As you know, we are in week 45 right now.  You can always add the date, but using calendar week numbers makes it really easy to follow, what is happening and when results are expected.

As an example: "I expect the delivery on week 46 12.11.2013, and by week 49 blaa blaa blaa."
46+3=49
Week numbers are awesome stuff, if used correctly.

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[PurpleTentacle]

Either way thankfully there are delays on everyone else so we still have a decent chance!

Look at it this way. If we can get 1% market share by around December sometime do you know how much that will be in FIAT with BTC at $350?

Is it still 7200BTC a day being mined or has the block reward been halved?

Lets say it's still 7.2k. 1% would be 504BTC a week.
504x350= 176,400 USD a week we could be making.

With BTC at 1k USD we would be mining 504,000 USD a week.

With BTC at 1k and our share of network at 5% we will be making 2.5MILLION USD per week.

ACtM could be mining for years so lets say this time next year we have 2% of network and BTC is at 5k. We would be making 5MILLION dollars a week.

This is all rough estimate stuff, daily BTC might not still be 7.2k. But you can see the general figures we are talking about.

Whatever you do kids, do NOT sell your ACtM shares, not for anything. Live off the divs.

3600 BTC are being mined daily since December November 28th, 2012.

[Vigil]

Either way thankfully there are delays on everyone else so we still have a decent chance!

Look at it this way. If we can get 1% market share by around December sometime do you know how much that will be in FIAT with BTC at $350?

Is it still 7200BTC a day being mined or has the block reward been halved?

Lets say it's still 7.2k. 1% would be 504BTC a week.
504x350= 176,400 USD a week we could be making.

With BTC at 1k USD we would be mining 504,000 USD a week.

With BTC at 1k and our share of network at 5% we will be making 2.5MILLION USD per week.

ACtM could be mining for years so lets say this time next year we have 2% of network and BTC is at 5k. We would be making 5MILLION dollars a week.

This is all rough estimate stuff, daily BTC might not still be 7.2k. But you can see the general figures we are talking about.

Whatever you do kids, do NOT sell your ACtM shares, not for anything. Live off the divs.

I'm not really interested in the dollar amount, I am more concerned with the amount of Bitcoin my shares are worth. I'm trying to accumulate BTC, not USD.

[Stuartuk]

More dollars equals more mining on the farm equals more btc.

[zumzero]

Since the operational costs of running the mining farms will be in US dollars it's important to talk in those terms as well as bitcoin.

[superduh]

i can't figure out why ken is more tightlipped than hashfast or cointerra - it's not like they don't have some kind of NDA in place too. really weird that he's unable to say anything regarding stages of chips and production.

[Stuartuk]

i can't figure out why ken is more tightlipped than hashfast or cointerra - it's not like they don't have some kind of NDA in place too. really weird that he's unable to say anything regarding stages of chips and production.

You can't deny that's true. For some reason eASIC want it that way. With other big big clients I guess they are protecting their own order book here too by keeping a high level of confidentiality. That's very normal in the world they operate in.

[knybe]

And so we enter a new round of question and no answer.

[auto2nr1]

i can't figure out why ken is more tightlipped than hashfast or cointerra - it's not like they don't have some kind of NDA in place too. really weird that he's unable to say anything regarding stages of chips and production.

Yea, this really irritates me too. I don't know what is going on with the 100k shares I hold with this security. I have no sense of what direction this is going. Are we on schedule or are we delayed? We need some kind of an update. Can VMC release a date of shipping on the miners? All of our competitors have this information out. Why are we lagging behind? I am sure this is hurting sales.

[somestranger]

I am sure this is hurting sales.

So what? The margins on the miners are not very large and we might make more just adding the hash power to our own mining farm. We also already got $1.5 million in sales which is nearly on par with the competition. Too many sales would just mean missing shipping deadlines like so many other companies.

[granitemouse]

And so we enter a new round of question and no answer.

For share transfers we get a Ken Slaughter Q&A. For anything else we get a Ken Slaughter Q. Hopefully we are nearing the end of the NDA and a new age of information and news once production begins.

[auto2nr1]

I am sure this is hurting sales.

So what? The margins on the miners are not very large and we might make more just adding the hash power to our own mining farm. We also already got $1.5 million in sales which is nearly on par with the competition. Too many sales would just mean missing shipping deadlines like so many other companies.

I am just saying that it is frustrating that there is no marketing going on with VMC. I get newsletters from bitmine, cointerra and hashfast. These guys update their potential customers on and provide a timeline of what is happening. I just got a email a few days ago in regards to hosting service that cointerra plans to open up for potential customers. They are trying is all I am pointing out. What has VMC/Active done thus far? Our marketing is a joke. I hold over 120k shares here and I want to believe Ken knows what he is doing but when you are not taking steps in building up your brand and reputation you are not heading the company in the right direction in the public eye. If he took his own money with no iPO and decided to mine privately and sell hardware without preorders than none of what I am saying would apply. He doesn't have to share shit with the public because it's his money and it's up to him to market his product accordingly. But keep in mind he used our money to fund this operation and personally I want him to do a better job. I have high expectations for someone that had the balls to take millions of dollars from the public. I want better marketing and more communication. A CEO's job is to paint a clear picture and show the vision of where this company is going.

[knybe]

I am sure this is hurting sales.

So what? The margins on the miners are not very large and we might make more just adding the hash power to our own mining farm. We also already got $1.5 million in sales which is nearly on par with the competition. Too many sales would just mean missing shipping deadlines like so many other companies.

I am just saying that it is frustrating that there is no marketing going on with VMC. I get newsletters from bitmine, cointerra and hashfast. These guys update their potential customers on and provide a timeline of what is happening. I just got a email a few days ago in regards to hosting service that cointerra plans to open up for potential customers. They are trying is all I am pointing out. What has VMC/Active done thus far? Our marketing is a joke. I hold over 120k shares here and I want to believe Ken knows what he is doing but when you are not taking steps in building up your brand and reputation you are not heading the company in the right direction in the public eye. If he took his own money with no iPO and decided to mine privately and sell hardware without preorders than none of what I am saying would apply. He doesn't have to share shit with the public because it's his money and it's up to him to market his product accordingly. But keep in mind he used our money to fund this operation and personally I want him to do a better job. I have high expectations for someone that had the balls to take millions of dollars from the public. I want better marketing and more communication. A CEO's job is to paint a clear picture and show the vision of where this company is going.

+1 but wtf do I know.

[Stuartuk]

I feel the same way you guys do, but what is it about 'big announcement coming in November' that do you not understand?

It is coming. Be strong.

Can we just talk about what we are spending our money on until the train arrives? It will be much more fun and less stressful than going over the same ground again?

[auto2nr1]

I feel the same way you guys do, but what is it about 'big announcement coming in November' that do you not understand?

It is coming. Be strong.

Can we just talk about what we are spending our money on until the train arrives? It will be much more fun and less stressful than going over the same ground again?

I understand there is going to be a big announcement but with BTC prices skyrocketing and the stock is at the lowest volume it's ever been due to US buyers (me) being locked out its hard to figure out where we will be in 1 month of even 2 months. I hope that the NDA gets lifted after this "big announcement" and Ken can start releasing information as it develops. I want him to clearly show us where we are and where we plan on heading with Active Mining for 2014. I want him to show us that we can be competitive and stay on top of the game. This is a race and right now as a top 10 shareholder I feel like we am running blind. We need a leader that can hit goals and communicate effectively so we can follow and support this project. Right now I feel like we are being dragged along.

[Stuartuk]

Good points auto. Btc in the ascendancy is nothing but excellent news for a mining farm or rig seller.

The issue with being unable to trade due to exchange closures could actually be beneficial to many who might have sold too early on the news that is coming. It is almost certain that the biggest news announcement in ACtM's history will occur when shares are 'frozen'. So there will be no panic sellers who think 'get out now on this news spike price won't be this high again'. Instead once all the news has sunk in and a few weeks have passed and trading resumes we can all make reasoned trading decisions based on the prospects for the company which we don't fully know before this news release. Does that make sense?

edit - BTW everyone is locked out not just US holders.

[zumzero]

Ask Brian Hanrahan how you get around an NDA with the British Military and he'll say, "I am not allowed to say how many planes joined the raid, but I counted them all out and I counted them all back. Their pilots were unhurt, cheerful and jubilant, giving thumbs-up signs."

Now what we need are more tasters like this from Ken, "..and the deployment of other resources for mining..", but in reality the more he skirts with this type of language the more he's dicing with the Devil.

So what do you all want? Information right now that says we are on track and about to scale up production and fire up the farm which comes with the risk of the entire operation folding when eAsic pulls the plug, or to be a bit more patient for maybe another week or so with the same news and Ken's hand punching down on that big red button that says 'LIFT-OFF!'

Come on guys, hold it together, we are very, very close.  We know Ken doesn't give in to our demands for information, he is strong willed, very determined and has his blinkers on because he knows the exact path he is going to follow to make a success of this company for good or bad.  

Every person who holds on to shares in this company will see massive returns because ActM is in pole position and has everything it needs to become a dominant force in Bitcoin mining.

[kingcrimson]

Agreed, things are looking good. It may be a blessing in disguise that no one can touch shares during this volatility.

I think a lot of ActM investors will be heading for the exit as soon as the share price hits 0.0025 - 0.003

I would think price will rise to at least .0025 as this is the amount guaranteed before they take profit.

[Stuartuk]

Sorry guys but it will go higher. If you are guaranteed .0025 div payout on every share within let's say two months then you could happily buy each share for .005 and make 50% in two months which is an incredible return. On top of that potential you need to include new investors looking for longer term divs. On top of that you need to factor in our network percentage. The higher that is the more divs will be each month and the more people will be happy to spend on each share. Finally factor in speculative interest which is what got us to .007. All in all we are looking .01 minimum. IMO


Edit - PLUS the value of our farm produce (bit coins) has gone up what 300% since the last heady days of .007

[zumzero]

To pay out 0.0025 btc per share over two months (8 weeks) from mining alone, you would need to mine 50,000 btc in that time allowing for 50% reinvestment as Ken has stated.

Now coincidentally that is 100% of the global hashrate.  There's thinking big and then there's not thinking at all!