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

[LorenzoMoney]

After reading an analysis by Kleeck of the meaning of the P&L published by Ken Slaughter, my offering of my shares is being revised.

As of the time of this posting, until such time that there is a viable public exchange for trading ActM stock, I will now offer all of my shares for .007 each. You may send 1183 to 1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS and send me a PM here or to my email address and a formal, digitally signed with that bitcoin address email will be sent to Ken to formalize the transfer.  Block of 10K shares will now be offered for .008 per share, or 80 bitcoin per bloc of 10K ActM shares.

When the exchange becomes public, hashing starts in earnest and the price per share moves to .013, you will regret not having grabbed this offer.

[drawingthesun]

Those foolish enough to buy would buy eikzbtc's outrageously expensive, though cheaper shares, no?  This is all so new to me...

Sure Crumbs, you're so smart! How about this: Think of the table as an order book, this order book allows for the purchase of 301,925 shares in total. If the buyer wants less than 18,500 shares then none of mine get sold, if they need more then mine are up next.

Also if we get 3% of the hashrate 0.003 - 0.006 would no longer be "outrageously expensive". We are looking for buyers that may reap the rewards of ActiveMining outperforming even our expectations (more than 3% of the hashrate)

[drawingthesun]

Would you consider setting up a different thread for your table and share auction?

Thanks!

Yes.

Regardless of my efforts to make another thread I promise to no longer bump my shares table.

[shaofis]

Ken,

Could you help clarify a few things for us?

On your Balance Sheet... "Pre-order sales" and "Pre-order Sales conv BTC" include the funds raised from AMC's IPO? Since these are two companies are these funds listed as liabilities to VMC until product is passed to AMC?

Are all employee salaries paid out of VMC?

Have any of your pre-order sales paid? Is VMC's cash flow at risk? $157,000 doesn't seem like enough to order chips and other hardware necessary to produce enough product to facilitate orders and existing liability to AMC.

Are we still on target to begin shipping this month?

Thanks,
Shaofis

[eiprol]

Hi guys,

I think I'm in trouble. I've been with very busy the whole week, and I wasn't able to transfer my shares in time before 13th. I've got them still on Bitfunder.
What should I Do? I'm a bit pissed off...

[auto2nr1]

Hi guys,

I think I'm in trouble. I've been with very busy the whole week, and I wasn't able to transfer my shares in time before 13th. I've got them still on Bitfunder.
What should I Do? I'm a bit pissed off...

No need to worry. Ken told me a few days ago just tender the shares ASAP.

[TaaviK]

After reading an analysis by Kleeck of the meaning of the P&L published by Ken Slaughter, my offering of my shares is being revised.

As of the time of this posting, until such time that there is a viable public exchange for trading ActM stock, I will now offer all of my shares for .007 each. You may send 1183 to 1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS and send me a PM here or to my email address and a formal, digitally signed with that bitcoin address email will be sent to Ken to formalize the transfer.  Block of 10K shares will now be offered for .008 per share, or 80 bitcoin per bloc of 10K ActM shares.

When the exchange becomes public, hashing starts in earnest and the price per share moves to .013, you will regret not having grabbed this offer.

I will feel sorry for the people who buy from you. Greed is a dangerous thing. Karma will always have the last laugh. 

[drawingthesun]

I will feel sorry for the people who buy from you. Greed is a dangerous thing. Karma will always have the last laugh. 

Don't worry no one will be buying any shares until we have an exchange.

The market price is still under 0.002 and to be honest all of our shares are currently worth about 0.00005 at our current hashrate.

If we had 10% of the hashrate by January then 0.01+ is certainly a possibility, unfortunately we cannot predict what our projected hashrate is going to be due to super quiet Ken.

I personally think 3% is reasonable due to the fact that Ken is ok selling several of those 24TH/s units. If he is so confident he can ship more than 6 of those then we must easily be able to get over 100TH/s online. But maybe Ken is lying? Maybe first batch only has enough chips for half of one 24TH/s miner? Then why is ken selling machines he can't ship till batch 2 or 3?

[drawingthesun]

Good point.
If ActM controlled 3% of the network hashrate, your price would be reasonable.  ActM doesn't, so your price is a joke.
If pigs had RR Merlin motors and wings, they'd be P 51s.  The problem's they don't.  No more than ActM controls 3% of the network hashrate.  

If Ken is ok taking orders for many 24TH/s machines that are meant to be in customer hands come end of November then we should easily have enough capability to hit 3% of the network.

Continued reinvestment of half the dividends could compound our hashrate faster than the rest of the network increasing our percentage. Of course we don't know what amount of reinvestment is required for such a compounded increase but the deal with eASIC was meant to make that our strong point. (After the design and first batch phases, we were meant to be able to say "We need more chips, here is cash" and eASIC's strength lay in being able to accommodate such an order)

Of course your are right about right now, the shares are not worth the price but in fact much much lower. (Our current hashrate demands a share price of about 0.00003)

But if we hit 3% and the reinvestment idea works, we could eventually hit over 10% of the network making the shares worth way more than 0.005 and thus heavily rewarding those that held.

The question comes down to this: Is Ken lying about being able to ship these 24TH/s machines? If he is lying then my asking price is way way overvalued. If Ken is not lying then they are reasonable or even undervalued.

[Effayy]

I will feel sorry for the people who buy from you. Greed is a dangerous thing. Karma will always have the last laugh.  

Don't worry no one will be buying any shares until we have an exchange.

The market price is still under 0.002 and to be honest all of our shares are currently worth about 0.00005 at our current hashrate.

If we had 10% of the hashrate by January then 0.01+ is certainly a possibility, unfortunately we cannot predict what our projected hashrate is going to be due to super quiet Ken.

I personally think 3% is reasonable due to the fact that Ken is ok selling several of those 24TH/s units. If he is so confident he can ship more than 6 of those then we must easily be able to get over 100TH/s online. But maybe Ken is lying? Maybe first batch only has enough chips for half of one 24TH/s miner? Then why is ken selling machines he can't ship till batch 2 or 3?

Well if that's the case, I'll put out an offer that if you have 50k or less shares in ActM and want to sell the lot, I'll buy them for a price of .00006 btc / share.

So 1btc = 16.666k shares.  That's a 100% markup on the current hashrate value.

(Edited to reflect drawingthesun's revised number)

[drawingthesun]

Well if that's the case, I'll put out an offer that if you have 30k or less shares in ActM and want to sell the lot, I'll buy them for a price of .0001 btc / share.

So 1btc = 10k shares.  That's a 100% markup on the current hashrate value.

The thing you need to take into account is that most people holding the shares are waiting for the eASIC chips.

I assume any shareholder that was invested based on our current hashrate has already jumped ship.

My point is that if we do not get eASIC chips soon and bring our hashrate well above 20TH/s then a fair value for our shares really is 0.000015 or less.

EDIT: Re-revised number!

Current hashrate makes 10 bitcoin per week, Lets average this out over the year and expect perhaps a total of 150 Bitcoin to be mined at current rates if we get no more miners.

(150 bitcoin mined over a year) / 10,000,000 shares = 0.000015 per share.

[minerpart]

You keep trying to convince the Troll but he isn't looking to be convinced.

[Effayy]

Well if that's the case, I'll put out an offer that if you have 30k or less shares in ActM and want to sell the lot, I'll buy them for a price of .0001 btc / share.

So 1btc = 10k shares.  That's a 100% markup on the current hashrate value.

The thing you need to take into account is that most people holding the shares are waiting for the eASIC chips.

I assume any shareholder that was invested based on our current hashrate has already jumped ship.

My point is that if we do not get eASIC chips soon and bring our hashrate well above 20TH/s then a fair value for our shares really is 0.000015 or less.

EDIT: Re-revised number!

Current hashrate makes 10 bitcoin per week, Lets average this out over the year and expect perhaps a total of 150 Bitcoin to be mined at current rates if we get no more miners.

(150 bitcoin mined over a year) / 10,000,000 shares = 0.000015 per share.

oh I agree. I just noticed that there were no buy offers on the table, so I threw one up, even if the odds of it getting filled are next to nothing.

[drawingthesun]

oh I agree. I just noticed that there were no buy offers on the table, so I threw one up, even if the odds of it getting filled are next to nothing.

To be honest at this rate you have more chance of being filled than I do.

[drawingthesun]

This is the part in Titanic where the water floods in & blocks off every passage to safety.

Dude, you and iCEBREAKER always go into this weird movie mode when you start comparing our real situations to popular movies. I think its kinda lame but whatever, this is the internet afterall. Anything goes.

...
I assume any shareholder that was invested based on our current hashrate has already jumped ship.
...

No, just like you, they waited for an opportunity to jump ship, and got corralled onto handing over their shares to Ken.
They have gambled poorly and waited too long.
This is the part in Titanic where the water floods in & blocks off every passage to safety.
Only there are no chicks & no heroism -- only sad grown men losing money

I was talking about shareholders that did not believe in Ken's eASIC plan and were only invested for the current hashrate. I doubt any of those shareholders are left because if they did not expect the hashrate to increase (because they do not believe in Ken's plan) then why would they stay invested? Especially if the hashrate would drop away forever and 0.0015 offerings were on the table up till just a week ago!

[drawingthesun]

...
Current hashrate makes 10 bitcoin per week, Lets average this out over the year and expect perhaps a total of 150 Bitcoin to be mined at current rates if we get no more miners.

(150 bitcoin mined over a year) / 10,000,000 shares = 0.000015 per share.

Lol, you can't math, can you?
Protip:  The difficulty is *rising*   If you think the difficulty will be the same a year from now, well...

(10 bitcoins per week) X (no difficulty increase) = 520 bitcoin, not the 150 I predicted.

Hint: I took difficulty increases into account.

[I_HAVE_A_HUGE_DONG]

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 think IPO funds went to eASIC didn't they?

DTS you need to remember these accounts are already 6 weeks give or take old. We have had significant online sales since then. Including a 1Mill USD order, which I'm not sure was or wasn't genuine.

Really you're still "not sure"?? I have given ample proof that it was mine and fake.
I'm a shareholder but you're making ourselves look really dumb.

[drawingthesun]

Lol.  Check your math.  10 x 4 x 12 = 480'
So much fail in this thread...

I actually thought you had some intelligence.

Protip: There is more than 48 weeks in a year dumbass.

[Sou]

@drawingthesun when you sit here all day and have back-and-forths with the trolls you become just as bad as them. Stop, please. Lets try to keep the thread as garbage free as possible.

[Nootnewbie]

Not sure how many of these offers are serious but I will throw out a serious offer of sale:

Willing to sell 10K of my shares for 40 BTC or .004 per share.  Let me know if interested and we can work out the details of the transfer.