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

[coinfresh]

Chips are incoming, should expect something in the next week or so.

Seems like this was missed in the midst of all the FUD.

I tend to think of Bargraphics as a fair source of decent information. Can you give us anymore information on why you stated this?

[1714896673]

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[gogxmagog]

^^^^ +1

[somestranger]

Company 3rd Quarter Reports

is this supposed to be the "big announcement"?
why doesn't ken just say "financial report on nov 15?!
anyway, good to see some accounting, no real surprises here...
they should impose mandatory communications classes for all uni students in the engineering dept.
they REALLY suck at it.

PS it took me an hour reading back ~10 pages of pissing contests and troll vs. troll BS to find this "announcement"
cant you guys just hang out on 4chan if you want to waste time and dick around?

No it isn't the "big announcement". Ken did say the financial report would be released on Nov 15 after it was delayed from Oct 31 and there  was much bitching about it in this thread.

Bookmark the announcement thread if you don't want to trudge through the troll shit... that is what it's there for. https://bitcointalk.org/index.php?topic=297543

[VolanicEruptor]

the post is old but was edited with new reports.  Very easy to confuse ActM investors..

[drawingthesun]

Chips are incoming, should expect something in the next week or so.

Do you have any idea what the low-production run consists of? How many chips? I estimate several hundred chips giving between 2.4TH/s and 8TH/s.

EDIT:

If we get 8TH/s and have to wait 3 weeks before getting more hash power I have calculated expected returns.

First week: 40 bitcoins. + 7 bitcoins we are making now.
Second week: 30 bitcoins + 5 bitcoins.
Third week: 23 bitcoins + 3 bitcoins.

= 108 bitcoins = /2 = 54 (because Ken keeps half for buying more chips and stuff)

So the low-production batch should give each share a dividend in the three weeks of: 54/10,000,000 = 0.00000540 (540 Satoshi per share)

This estimate assumes Ken uses the entire low-production batch to mine, hopefully the miners he sells will have a better return to the shareholders.

[zefyr0s]

was just joking gog..

[zefyr0s]

Bookmark the announcement thread if you don't want to trudge through the troll shit... that is what it's there for. https://bitcointalk.org/index.php?topic=297543

Also: https://bitcointalk.org/index.php?action=profile;u=1707;sa=showPosts

Ken's posts.

[JoTheKhan]

Ken thank you for the financial report. But with this I think that you should give us some more insight on where the company is at. Can you answer some questions about the mining aspect of the company as that definitely is not under some form of NDA or another.

1. When do you expect the chips to come in? (It seems bargraphics has stated next week; is there any truth to this? Can you enlighten us on whether this is even in the ballpark?)

2. When do you expect us to be hashing with our own equipment?

3. What is the expected hashrate by the end of this month (November) and the end of the year?

4. When do you expect to start paying dividends again?

If you can not answer any of these questions can you at least tell us that you can't, even if there is no reason why. There was also talk of some sort of surprise that you had for us.. Can you let us in on what it is?

Even if you don't answer any of these questions, please take a moment to understand where your investor's mindset is at. We see BTC going mainstream extremely fast, the price is shooting up higher than even april and is showing little signs of slowing down. We have no access to our shares to sell or buy and we are consistently seeing pessimistic views about the future of the company on this thread. With the entire Labcoin scam hitting new lows we see this company being called a scam left and right also I'm not asking you to come in and hold our hand, but a lot of us are in this for the long term and we would like to know exactly how far off we are from seeing some type of ROI.

[auto2nr1]

Ken, please take a look at getting us listed here. I've been waiting for them to go live for a few weeks already.

https://www.btcinve.com/

These guys also run www.litecoininvest.com. The exchange looks and feels similar to how btct.co was set up. They are located outside of the US and they are operating legally within their own country. I don't think we'll have a issue with this new exchange getting shut down at anytime like btct.co and bitfunder did (US based). Neil should be able to help us get listed and start trading again.

JSC Skėtis
Vilnius, Lithuania
neil@litecoininvest.com

[drawingthesun]

Hey Ken how long until we are hashing? Really need some good news.

[zumzero]

Ken, please give us some information as soon as you can, even if it's to hint at the 'big announcement'.

[Sou]

Ken, please take a look at getting us listed here. I've been waiting for them to go live for a few weeks already.

https://www.btcinve.com/

These guys also run www.litecoininvest.com. The exchange looks and feels similar to how btct.co was set up. They are located outside of the US and they are operating legally within their own country. I don't think we'll have a issue with this new exchange getting shut down at anytime like btct.co and bitfunder did (US based). Neil should be able to help us get listed and start trading again.

JSC Skėtis
Vilnius, Lithuania
neil@litecoininvest.com

Those are some very nice looking trading platforms.

[dawie]

Hey guys, I was out of the loop for a while and I see BitFunder is shut.  Will the shares be transferred to the issuer for future trades and will the issuer handle the administration?  I suppose it is too late to transfer the shares manually so between BitFunder and the issuers there would presumably be a manual work around in place?

[minerpart]

It's still open.

Log in to BF.
Go to the 'Transfer' page.
Select 'ActiveMining' shares.
Select amount - (all your shares)
Input AMC-TENDER into Username box
Click TRANSFER.

Before you do that, go to the 'Settings' page and make sure your 'Public Bitcoin Address' is one that you can sign from -  eg a Blockchain Wallet- https://blockchain.info/wallet

Take a screenshot of your tender confirmation page and save it. You do not need to email or PM Ken. You may be asked at some point in the future to sign from your wallet address (with your Bitfunder name) to prove you are the owner of that address.


Announcement:
https://bitcointalk.org/index.php?topic=297543.msg3492434#msg3492434

[dawie]

It's still open.

Log in to BF.
Go to the 'Transfer' page.
Select 'ActiveMining' shares.
Select amount - (all your shares)
Input AMC-TENDER into Username box
Click TRANSFER.

Before you do that, go to the 'Settings' page and make sure your 'Public Bitcoin Address' is one that you can sign from -  eg a Blockchain Wallet- https://blockchain.info/wallet

Take a screenshot of your tender confirmation page and save it. You do not need to email or PM Ken. You may be asked at some point in the future to sign from your wallet address (with your Bitfunder name) to prove you are the owner of that address.


Announcement:
https://bitcointalk.org/index.php?topic=297543.msg3492434#msg3492434

Much appreciated!

[minerpart]

No probs, check back here every week as there will be a new home (exchange) for the shares coming up which Ken is working on at the moment.

[drawingthesun]

Also check out https://forum.litecoin.net/index.php/topic,7176.0.html

[drawingthesun]

Ok I have a question that Ken can answer and cannot possibly be NDA related.

For each mining machine, how much money does it cost to make the case, board, PSU, ram, etc... vs how much you are selling them for?

If the other components cost too much and selling does not make that up, then just running a mining farm might be worth it. Also Ken you said half of mining dividends go back into the company, so the current 24 bitcoin dividend, does only 12 get paid out to us? Also profit from selling mining machines, if half profit ours and half to be re-invested. Ken you can answer those questions.

And I will ask this one again but get no answer, when is the exchange happening and when will we be mining for real???

[EskimoBob]

This thread is getting out of hand as the old non self-moderated one. Damn

From: https://bitcointalk.org/index.php?topic=297543.msg3220847#msg3220847

Consolidated Active Mining Corporation and VMC reports will be release by November 30th 2013

Not again...
BTW Ken, please include "Shareholders equity" line (and required sub categories like "Treasury stock" etc if needed) in your balance sheet. With out it, it's kinda half ass and not acceptable for a business.

[drawingthesun]

Our mining revenue is now down to about 0.4 Bitcoin per day for a weekly dividend of 0.00000028 per share.