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

[Stuartuk]

Why did you burst my bubble?

Actually, I make it 893 btc a day which is about 25% of network rate.

It was only meant as a theoretical example to show how share price can be worth more than the guaranteed div payout.

If you look at Dow or FTSE listed companies with maybe around 5% annual dividend then providing we get 0.0025btc div per share PA then proportionally that would put our share value at around .05 so my estimated of .01 is conservative.

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[zumzero]

I'm not disputing the share price as I too am bullish and believe 0.01 is a logical valuation once things get underway, however when speculating it does help to stick to fundamental arithmetic principals.

Now does any other sucker fancy getting their bubble burst?

[Stuartuk]

lol you got it wrong dude not me. If we get 20% of the network then the .0025 will be paid out in about 2 months.

Now why don't you take a long walk off a short pier and stop wasting my valuable time.

[claycoins]

You can't sell shares at the moment, so you just have to trust in ken. Sure it would be nice to get some news but you can't act on it other than filling this thread with more posts.

[zumzero]

1 25btc block every 10 mins = 150 btc per hour

In 24 hours that is 3,600 btc

In 8  weeks that is 201,600 btc

To make 0.0025 btc per share over 8 weeks you need to mine 50,000 btc (50% reinvested and 50% paid as divs)    [50,000/10,000,000 = 0.005]

50,000/201,600*100 = 24.8% of the global hash rate.

So YOU are actually wrong fanny-baws!

EDIT:  With 1% of the global hashrate the 0.0025 will not be paid back for 139 days and that supposes that the mining farm can increase it's capacity in line with the near exponential rise in global hash rate.
This doesn't, of course, factor in profit from hardware sales which we won't know for another 6 days where Ken has an opportunity to miss a second self imposed deadline.

[zumzero]

lol you got it wrong dude not me. If we get 20% of the network then the .0025 will be paid out in about 2 months.

Now why don't you take a long walk off a short pier and stop wasting my valuable time.

Please explain to me how its possible that ActM could get to 20% of the network.  Do you know how much meth Ken would have to snort to get that kind of motivation?  And even then, his heart would stop from thinking so fast.  Those gears in his head are rusted to shit.. there is no chance

Shut it meth-mouth and away and bang your granny for 5 bucks of ice, retard.

[Stuartuk]

1 25btc block every 10 mins = 150 btc per hour

In 24 hours that is 3,600 btc

In 8  weeks that is 201,600 btc

To make 0.0025 btc per share over 8 weeks you need to mine 50,000 btc (50% reinvested and 50% paid as divs)    [50,000/10,000,000 = 0.005]

50,000/201,600*100 = 24.8% of the global hash rate.

So YOU are actually wrong fanny-baws!

Yes for exactly 8 weeks but I said *about* 8 weeks because if we were mining 20% of network Ken wonld not spend half that on the reinvest as it would be too much and we would end up having too big a share of the network.

So first you say it would need 100% of network  but suddenly you now you say 25%?!

Get a GRIP man. If that is your maths skills in action no wonder you think we are only going to 0.0025. People like you should be SHOT AT BIRTH.

[somestranger]

EDIT:  With 1% of the global hashrate the 0.0025 will not be paid back for 139 days and that supposes that the mining farm can increase it's capacity in line with the near exponential rise in global hash rate.
This doesn't, of course, factor in profit from hardware sales which we won't know for another 6 days where Ken has an opportunity to miss a second self imposed deadline.

Even if it takes a year I'll consider this to be a good investment. I think that is a pretty low bar for Ken to reach.

[bitmoon]

1 25btc block every 10 mins = 150 btc per hour

In 24 hours that is 3,600 btc

In 8  weeks that is 201,600 btc

To make 0.0025 btc per share over 8 weeks you need to mine 50,000 btc (50% reinvested and 50% paid as divs)    [50,000/10,000,000 = 0.005]

50,000/201,600*100 = 24.8% of the global hash rate.

So YOU are actually wrong fanny-baws!

Yes for exactly 8 weeks but I said *about* 8 weeks because if we were mining 20% of network Ken wonld not spend half that on the reinvest as it would be too much and we would end up having too big a share of the network.

So first you say it would need 100% of network  but suddenly you now you say 25%?!

Get a GRIP man. If that is your maths skills in action no wonder you think we are only going to 0.0025. People like you should be SHOT AT BIRTH.

lmao i lol so hard, good i didnt sip my tea, or ...........

[neilol]

~0% chance we get anywhere close to 25% of the network

[gogxmagog]

  sorry to interrupt your serious discussion here, but...
who exactly is the issuer of these shares?
when I sell to direct shares of ActM, is it Ken Slaughter who I tell to move the shares?
seeing as how ActM is listed on no exchange and all trading must go on in the auctions forum, I need to know this.
A short primer on auctioning shares/using escrow etc. would be helpful as well, since I have never gone this route and also because I believe there may be some movement on this security "sometime in November" yet I can't see ActM listed on any exchange any time soon, certainly not before "sometime in November"

sorry to sound the fool, but BTCTC spoiled me for easy trading, I never even considered auctions before.

[zumzero]

1 25btc block every 10 mins = 150 btc per hour

In 24 hours that is 3,600 btc

In 8  weeks that is 201,600 btc

To make 0.0025 btc per share over 8 weeks you need to mine 50,000 btc (50% reinvested and 50% paid as divs)    [50,000/10,000,000 = 0.005]

50,000/201,600*100 = 24.8% of the global hash rate.

So YOU are actually wrong fanny-baws!

Yes for exactly 8 weeks but I said *about* 8 weeks because if we were mining 20% of network Ken wonld not spend half that on the reinvest as it would be too much and we would end up having too big a share of the network.

So first you say it would need 100% of network  but suddenly you now you say 25%?!

Get a GRIP man. If that is your maths skills in action no wonder you think we are only going to 0.0025. People like you should be SHOT AT BIRTH.

Total bullshit.  If Ken was able to create a mining farm which could maintain a stable 24.8% of the global hash rate, he would need to expand at an near exponential rate and that would require digging out Springfield Underground the size of the grand Canyon, within a few months, and that would take a damn sight more than half the profit made from mining.  

Anyway what is this talk about 20% anyway?  Are you insane?  You have no grip on reality if you think for one minute that this company is EVER going to hold more than 3% of the global hashrate.  And even if it does and 100% of divs were reinvested into creating more machines and paying more for electricity and servicing, construction, security not to mention staff wages and taxes, then it won't hold onto that 3% for more than two weeks.  The difficulty will rise at over 40% and our 3% becomes 2%, becomes 1%, becomes dust in 6 weeks time. GAME OVER.


Why do you think that ALL of the original Board of Advisors jumped ship, eh?  VBS did the maths and they all realised that this project was doomed because of the declining returns due to difficulty rising.  It's that simple.  They all buggered off and invested their money into a Bitcoin company with a real chance of making it BIG.  NEOBEE.  The only company on BF who's share price didn't plummet like ALL the rest.
Even Ken says he'd get out if he could.  Why hasn't he published the quartely accounts?  Because the figures don't lie and he knows we won't like what we see.  The silence from Ken is no more tactical than keeping his own shareholders in the dark because if we knew the truth there would be a fucking riot.


I'm out.

[Stuartuk]

lol - WTF have you been smoking?

You can't get out you plank there is no exchange trading us.

Go to bed FFS.

[Vigil]

zumzero,

That is a completely different outlook than you presented on the previous page.

[Stuartuk]

For the record the 20% was a theoretical figure used for a calculation. It was not a prediction.

However as previously discussed on this thread we would only need a large room of our top spec miners to achieve 20%.

[SebastianJu]

You can't sell shares at the moment, so you just have to trust in ken. Sure it would be nice to get some news but you can't act on it other than filling this thread with more posts.

Isnt it possible to trade shares on bitfunder till 14th?

[minerpart]

neo bee? Jesus

Half its IPO is unsold.
Its share price is not far off half its IPO level.
It doesn't have a banking licence to operate.
Its CEO was asked about the progress on licencing two days ago, he refused to answer.
It won't get a banking licence because they would suck money away from the traditional Cypriot banks that need the depositors to return to provide capital to support business loans and raise taxation funds.
No one is going to use neobee because no one is going to spend  btc on milk, news papers or fuel while it appreciates by 10% a week or even month.

Neo Bee has no future. ACtM at least has that.
 

[zumzero]

zumzero,

That is a completely different outlook than you presented on the previous page.

Yeah, well I've reached the end of my tether and the reality suddenly dawned on me when I was crunching the numbers back then.  This business is on it's way to failure and only Ken can change that apparent outlook IF he starts feeding us information to prove otherwise.

I think Ken needs to open a dialogue with his shareholders.  Where is the PR team he promised us?

Why didn't he find the time to publish the P&L statements and will he miss this next deadline as well?

I've been as patient as I can and it's time he comes clean with us and tells us what the hell is going on.

We need real information; what, when, how and why.

If there isn't either a major breakthrough in the next couple of days, or a total change in Ken's attitude to communication with his shareholders, then I'm going to become a much bigger headache than bALLBREAKER/mumble and VE put together although I promise not to troll.

Sorry it's come to this guys, but we've all gone too easy on Ken.  He is accountable and as the CEO is duty bound give us more than the occasional sentance.

[minerpart]

Its too late to back out now sum zero lol. You can't sell your 400k of shares no one is going to buy them on BF not enough buyers.

Nothing you do or say now will change anything its way too late in the day. The announcement is coming like it or not.

Any more drama queens going to do a public about face and tantrum like a little girl? Quite a list now.

[zumzero]

When I said I'm out. I meant of this forum.  I am selling all my shares the moment they reach 0.0025 and will walk away with my head held high, 5 times my initial investment and well over 1000 btc.  



BYE,  y'all.