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

[Stuartuk]

Hey it's 'mood-swing' Zero come back!

We had similar figures on here weeks ago dude. Nice work but this is why your outburst seemed so wrong, I tried to reason with you man but you wouldn't listen. I hope you aren't operating any heavy Plant equipment this week you could cause some real damage.

Yes that looks right, these machines will fit in the Underground no problem. We had a pic up of an underground room and it wouldn't take a lot of space for these machines especially when you have good head-room.

I hope you are back for good now? No more tantrums? lol You know how to go out with a bang!

[1714893276]

1714893276

[1714893276]

1714893276

[int3ractivodular]

Hello everybody,  I'm back!


Very sorry about my mood swing yesterday, I am on strong meds for sciatica at the moment and they are effecting me, although quite an enjoyable buzz.  Diazapam, tramadol and Dicloflex!  hehe  

Damn, how could you be worried about anything on Diazepam + Tramadol lol. You should be feeling happy as a clam

[WikileaksDude]

welcome back zumzero :p

lets just wait for 15 november! 5 moar days now.

edit: also i been promoting virtualminingcorp.com it seems its getting some good traffic according to alexa.com

ranking up pretty well: http://www.alexa.com/siteinfo/virtualminingcorp.com

people stay on average 3:30 minutes on the site.

[minerpart]

If we can get 10 of our 25TH/s machines up and running in the next few weeks we will have 5% of total hash. And we only need to expand that to 70 machines over the following 100 days to hold that 5% in the face of 30% ish difficulty rise every 2 weeks.

It doesn't seem all that outlandish.

[finlof]

finflof you are talking utter nonsense.

If you have a sensible question ask it. No genuine questions have *ever* been deleted from the thread only insulting, abusive or off topic posts or sheer lies are deleted.

And what are you talking about re: steak dinners? Someone mentioned that like a month ago but what is the problem you have with talking about the success of the business?

this guy proves my point every time.  maybe across the pond name calling means you are smarter or wiser than others, but i really dont think that everyone is really that stupid.

So that makes sense with BTC at $300? What about if it's at $500 next week?

wanna play the what-if game?  what if it is $60 next week?  what if electricity prices double?  what if Ken builds a spaceship and starts the 1st bitcoin server mine on the moon?  what if the difficulty goes up and these avalons are rendered worthless? (oh wait that really will happen)

does everyone here remember why zumzero "lost it"?  its because he did the math.  lets assume everyone here knows how to do math (except for stuartuk.  something either prevents or exempts him from being able* to see/comprehend/believe/???).  amazing thing about math...  it doesnt distort truth, doesnt call people names, doesnt preach moon-worship.  so lets use math to discuss this.  i dont know the current hash rate of the avalons, so lets assume it's around 800gh/s.  if he sold the avalons right now he could get around 50 btc worth (16k usd) for the 800gh.  i believe that to be more than the few btc that the Avalon equipment will mine over the next several weeks/months/etc.  even if they were sold for USD and then converted right away to BTC it makes more sense to get rid of them.

if you want just facts lets look at how much BTC has been mined since the last difficulty change on 11/5/13 - 3.5btc (source https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa).  lets guess that is just from the 430gh/s, since that should yield about 0.45 btc/day, so with our 800gh/s of avalons total mined should be between 6 and 7 btc per week.  if difficulty were to not change at all over the next 7 - 9 weeks then we will mine around 50 btc with 800gh/s in the next 7 - 9 weeks.  i dont know what the other source of hashpower is, nor do we have any evidence of it, just based on the payout address from btcguild.  50 btc divided by 10000000 shares = 0.00000500/share.  of course none of this accounts for power, rent, employee, etc expenses.


TL/DR - math = since it will take between 7 - 9 weeks of mining 800gh/s at current difficulty to get 50 btc please sell the avalons asap, then either a) convert to BTC and pay that out in a dividend or b) use it for everyday expenses.

[Stuartuk]

finflof you are talking utter nonsense.

If you have a sensible question ask it. No genuine questions have *ever* been deleted from the thread only insulting, abusive or off topic posts or sheer lies are deleted.

And what are you talking about re: steak dinners? Someone mentioned that like a month ago but what is the problem you have with talking about the success of the business?

this guy proves my point every time.  maybe across the pond name calling means you are smarter or wiser than others, but i really dont think that everyone is really that stupid.

What name calling?!?!

What did I say?? Again I'll ask for you to quote something that is so objectionable.

So your last post wasn't deleted, you said with great conviction that every non-cheerleader on here is deleted? But it hasn't happened has it.
 

Please keep contributing but I don't see why you got so worked up with the question about what if the BTC these miners are generating is worth more in a few weeks. Why has that made you so angry?!? Isn't is a clear posibility? Unlike Ken going to the moon - do you see the difference atall?

Also stop making this a nationality thing you are really scraping the barrel, what has nationality got to do with this? Why bring it up?

Very odd behaviour.

[minerpart]

So that makes sense with BTC at $300? What about if it's at $500 next week?

wanna play the what-if game?  what if it is $60 next week?  what if electricity prices double?  what if Ken builds a spaceship and starts the 1st bitcoin server mine on the moon?  

What if you go away and don't come back. Do you think anyone will be bothered?

[Bargraphics]

So that makes sense with BTC at $300? What about if it's at $500 next week?

wanna play the what-if game?  what if it is $60 next week?  what if electricity prices double?  what if Ken builds a spaceship and starts the 1st bitcoin server mine on the moon?  

What if you go away and don't come back. Do you think anyone will be bothered?

Come on man,

We all know this is "The Internet" but come on, let's show some respect for each other especially fellow shareholders.

This whole we might as well troll our own thread because it is going to get trolled anyways is boring, immature, and above all annoying.

There are actually quite a bit of people on this thread that really DO need help either because they are misunderstanding basic mechanics of bitcoin,
 
Are missing key parts of the prospectus,

Still don't understand where to go with their shares,

and it seems more and more pop up each day.

Let's make this thread somewhat friendly for those people because in the end of the day we're all in the same boat.

Don't be mistaken, even I was very frustrated with quite a few of you guys and how a lot of the posts had completely wrong information or math in them but it's important that we help these people understand their mistakes instead of chastise them.

There's only one individual that we should be happy or upset at and that is Ken Slaughter and don't forget this. Our resources should be spent on holding him accountable and not fighting amongst ourselves.
He still has a bit of time to make this company go in the right direction, we'll know much more by the end of this month if he was leading us on with this prototype or it is just another stall tactic.

Try your hardest guys to not quote this post just to cause more drama, I believe in you.

[coinfresh]

I agree, let's be constructive here. Post some ideas or thoughtful questions. So sick of sifting through the bs on this thread.

[minerpart]

I just did, no one seemed interested enough to comment.

If we can get 10 of our 25TH/s machines up and running in the next few weeks we will have 5% of total hash. And we only need to expand that to 70 machines over the following 100 days to hold that 5% in the face of 30% ish difficulty rise every 2 weeks.

It doesn't seem all that outlandish.

[minerpart]

welcome back zumzero :p

lets just wait for 15 november! 5 moar days now.

edit: also i been promoting virtualminingcorp.com it seems its getting some good traffic according to alexa.com

ranking up pretty well: http://www.alexa.com/siteinfo/virtualminingcorp.com

people stay on average 3:30 minutes on the site.

Good work, love your signature.

[Bargraphics]

If we can get 10 of our 25TH/s machines up and running in the next few weeks we will have 5% of total hash. And we only need to expand that to 70 machines over the following 100 days to hold that 5% in the face of 30% ish difficulty rise every 2 weeks.

It doesn't seem all that outlandish.

We're still waiting on the Prototypes I believe so "new few weeks" would likely be too aggressive.

Ken's #1 priority will be shipping units first as well so we'd have to wait until all the orders were fulfilled. (Could you imagine if he posted here that he was mining and there were orders still waiting to be fulfilled by customers)

You cannot use a % increase like 30 indefinitely. The next difficulty increase is looking to be around ~6% right now.

Once the difficulty gets to 1,000,000,000 many more units would have to be shipped for 30% in two weeks to be met. I'm not saying this is impossible but realistically we're going to catch up to a point where the normal is 5-10% every two weeks, at this point is where Ken would likely catch up and be able to maintain a good hashrate.

The "Bat Cave" as it has been dubbed apparently can likely hold 50-100 of those ~25TH units. I don't think he will have a problem scaling assuming everything goes well.

Either way, we need to have at least (1) confirmed working eASIC/ActM Chip and then we can do much better speculation. Let's hope this comes by the end of this month like we're leading ourselves to believe.

[minerpart]

Good post. I would say we may already be hashing with the prototypes that has not been confirmed nor denied. Also our retail orders do not need to be shipped first. They will come off a 'different production line' and will likely be different products in some substantive ways. Finally difficulty rise may be lower than the sustained 30+% we have seen but who knows what or who is coming online in the future. We don't even know when WE come online

[Vigil]

Good post. I would say we may already be hashing with the prototypes that has not been confirmed nor denied. Also our retail orders do not need to be shipped first. They will come off a 'different production line' and will likely be different products in some substantive ways. Finally difficulty rise may be lower than the sustained 30+% we have seen but who knows what or who is coming online in the future. We don't even know when WE come online

didn't Ken say we were adding up to 3 TH soon?

[bitmoon]

why hasn't the rest of shareholder didn't transfer/tender? there is still many.

[GTR_JOEY]

I've read through most of this thread and forgive me if this question has already been answered..

Ken said that he would like the actM shares transferrd to amc-tender before the 14th

Is possibly to make more than 1 transfer to amc-tender using the same address and details as I've acquired more shares?

Cheers

[drawingthesun]

I've read through most of this thread and forgive me if this question has already been answered..

Ken said that he would like the actM shares transferrd to amc-tender before the 14th

Is possibly to make more than 1 transfer to amc-tender using the same address and details as I've acquired more shares?

Cheers

A few people have asked this but no response as of yet.

[GTR_JOEY]

Thanks mate,

Ken could you answer this question?

I know your busy and this is probably wasting your time a bit, but it would help more then one person out

[kingcrimson]

I've read through most of this thread and forgive me if this question has already been answered..

Ken said that he would like the actM shares transferrd to amc-tender before the 14th

Is possibly to make more than 1 transfer to amc-tender using the same address and details as I've acquired more shares?

Cheers

A few people have asked this but no response as of yet.

I asked him a couple weeks ago, since I made two transfers. He said:

"Should not be a problem.

If your transfer shows to AMC-TENDER then it is fine.  Just keep a full screenshot(s) of the transfer(s) record(s) showing your bitfunder username.  That will be your proof of the transfer(s)."

[GTR_JOEY]

Awesome, thanks mate