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

[eikzbtc]

Selling 18.500 shares for 60Btc.

[drawingthesun]

Selling 18.500 shares for 60Btc.

Your price is way better than mine, maybe we should put together a google docs?

|who	|amount	|price	|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

[VinceSamios]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

I think we already got the report, being the total sales for october. The detailed report he mentioned might be for another time.

how about a report on that promise of 20TH/S he seemed to pull out of his ass?
yeah.. that's what I thought..

It also looks like he deleted his own post which referred to the 20TH/S he was going to deliver.. he must think we all have amnesia

20Th/s? I must've missed that entirely. What are the details of said post?

Ken doesn't speak of details.  He was as vague as that. 
20TH/S were supposed to go online within 2 weeks, and that was more than 2 weeks ago..
It is very disturbing that he deleted that.. I hope you all realize that before he deletes this too

I know there are at LEAST a few shareholders who recall this.  Maybe it wasn't 20, but I can't remember the exact amount because Ken deleted his own post.. pathetic

This is what he said:

"London, UK – October 30, 2013 – Active Mining Corporation (AMC) today announced that they have added over 1TH+ to their hashing rate.  This additional hashing rate has been added from the 68 Klondikes and 1088 Avalon chips that were ordered last May 3rd, plus the addition of other hashing resources.  This brings ActiveMining's hashing resources to a total of ~1.4 TH/s.  Over the next few weeks ActiveMining expects to add up to an additional 3 TH/s to their mining operation. "

[VinceSamios]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

I think we already got the report, being the total sales for october. The detailed report he mentioned might be for another time.

how about a report on that promise of 20TH/S he seemed to pull out of his ass?
yeah.. that's what I thought..

It also looks like he deleted his own post which referred to the 20TH/S he was going to deliver.. he must think we all have amnesia

20Th/s? I must've missed that entirely. What are the details of said post?

Ken doesn't speak of details.  He was as vague as that. 
20TH/S were supposed to go online within 2 weeks, and that was more than 2 weeks ago..
It is very disturbing that he deleted that.. I hope you all realize that before he deletes this too

I know there are at LEAST a few shareholders who recall this.  Maybe it wasn't 20, but I can't remember the exact amount because Ken deleted his own post.. pathetic

This is what he said:

"London, UK – October 30, 2013 – Active Mining Corporation (AMC) today announced that they have added over 1TH+ to their hashing rate.  This additional hashing rate has been added from the 68 Klondikes and 1088 Avalon chips that were ordered last May 3rd, plus the addition of other hashing resources.  This brings ActiveMining's hashing resources to a total of ~1.4 TH/s.  Over the next few weeks ActiveMining expects to add up to an additional 3 TH/s to their mining operation. "

source: https://bitcointalk.org/index.php?topic=297543.msg3445996#msg3445996

[drawingthesun]

I don't remember Ken saying that 20TH/s was happening. Ken does not post things like that anyway.

VE is probably getting confused with me, I keep whining about getting at least 24TH/s online.

[VinceSamios]

Quick question regarding shares - I was verified on bitfunder and the initial instruction was "if you can't get verified, transfer your shares by nov 13th" - but what is happening with verified shares?

[drawingthesun]

Quick question regarding shares - I was verified on bitfunder and the initial instruction was "if you can't get verified, transfer your shares by nov 13th" - but what is happening with verified shares?

All the shares have to be given back to Ken, verified or not, makes no difference now.

[VinceSamios]

Quick question regarding shares - I was verified on bitfunder and the initial instruction was "if you can't get verified, transfer your shares by nov 13th" - but what is happening with verified shares?

All the shares have to be given back to Ken, verified or not, makes no difference now.

Do we actually have to "tender" them tho - because the shares lists are all public anyway...

[drawingthesun]

Quick question regarding shares - I was verified on bitfunder and the initial instruction was "if you can't get verified, transfer your shares by nov 13th" - but what is happening with verified shares?

All the shares have to be given back to Ken, verified or not, makes no difference now.

Do we actually have to "tender" them tho - because the shares lists are all public anyway...

Ken asked us to tender them, but now the exchange is closed I am not sure if it would make a difference.

[drawingthesun]

If anyone is interested, we are now creating dividends at the same rate we were on the 30th of September. So the extra hashpower pushed back the decline by 2 weeks.

Also to get you all excited, just one 24TH/s machine will increase our mining ability by over 10x!

Although some shareholders predict 20TH/s may be our ceiling, I am hoping ActiveMining does way better and with 50% reinvestment we might be able to maintain single digit percent of the network for a long time to come.

Sorry for ramblings it just feels like crickets in here and I am the only shareholder left...

[stenkross]

Sorry for ramblings it just feels like crickets in here and I am the only shareholder left...

And even you are selling your shares.
That must mean there are 0 shareholders left then.

[drawingthesun]

Sorry for ramblings it just feels like crickets in here and I am the only shareholder left...

And even you are selling your shares.
That must mean there are 0 shareholders left then.

Haha there would be someone left after they buy mine...

Although I think I will be holding for a very long time, I am not desperate enough to sell below cost. Yet.

[thehun]

Company 3rd Quarter Reports

I'm confused. The last message I see here is from the 5th of November. Where ist the latest report?

[PurpleTentacle]

Company 3rd Quarter Reports

I'm confused. The last message I see here is from the 5th of November. Where ist the latest report?

If you hover over the post date, you'll see that the post was edited today.

[ChronoX5]

Company 3rd Quarter Reports

Thank you! Looking forward to the next weeks.

[thehun]

Company 3rd Quarter Reports

I'm confused. The last message I see here is from the 5th of November. Where ist the latest report?

If you hover over the post date, you'll see that the post was edited today.

Thanks, got it!

[minerpart]

These accounts are very reassuring for at least 4 main reasons:

1) With the mention a few weeks ago by Ken that we are using an ex-SEC employed lawyer the fear was that we would be spending a small fortune on lawyers fees.

Legal Expense - 7,500.

Well done Ken, it seems you have adopted a very sensible and realistic approach to the legislative issue (ie you see the risks here and don't want to ignore them) and have spent what I would consider a minimum amount on legal advice. Top marks.

2) With the fact that the contract allows Ken to pay out all expenses before divs are paid it was feared he could simply assign himself large amounts of pay to the detriment of our bottom line (shareholder profit).

Payroll Expense 20,205

Considering Ken is also employing atleast one other person in the office (I believe) this is a reassuring sign that Ken is spending (and assigning himself) minimal amounts in wages so placing the least strain possible on company profits at this delicate time.

3) I asked Ken a week or so ago, maybe more, if these accounts will show his and staff wages because people are concerned they might be over the top. I got no response. I feared the worst - that we would see most of the income going out as wages. It's far from the case so from that I take it that when difficult questions are asked on here and no reply is given it doesn't mean we have to fear the worst. It might not be great communication and we can't say that is great obviously if that is the case. But it seems sometimes it may mean Ken simply missed the question, or he doesn't think it needs an answer (for whatever reason, maybe because he knows the answer will be available in a few weeks), or he feels for confidentiality reasons he can't answer at that time. Remember CEO's can get in serious trouble for leaking information that is considered influential on share price before official reports are released. There are strict rules on this to prevent insider dealing so with the SEC scrutiny that is around this industry right now I think most of the time Ken is just covering his back - for all our sakes.

4) We are solvent and show a healthy bottom line.

In summary, great job Ken, it looks like you've done a professional job so far on many fronts. I can't fault you personally on anything you have done, said or demonstrated throughout this whole venture. Keep it up.

[drawingthesun]

minerpart, does the report show how much money is left in USD and Bitcoin?

How much money is available to buy the main batch when its ready?

[drawingthesun]

minerpart, does the report show how much money is left in USD and Bitcoin?

How much money is available to buy the main batch when its ready?

I am going to take a guess and say that the money to buy the first batch and maybe the second batch will be apart of the "Active Mining Corporation" report due at the end of November.

I am also guessing that the companies current Bitcoin balance will be on that report too? Are we not sitting on several thousand Bitcoin?

Also I hope we have 50TH/s+ by the time this next report at the end of November comes out. I can't imagine sitting on 1TH/s in December.

[minerpart]

VE- If I had anything to gain by massaging our CEO's ego you would have a point -  but obviously I don't. So my post represents my honest opinion. If you don't agree with the points I've made please question them. If you feel my points are valid then pretend they don't exist and also please continue to show your immaturity on here. Every thread needs a clown.