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

[Bargraphics]

Mmmmm but even if we know how many chips we will get we still have no idea of the chip performance

I agree, but at least we have information on what that "Should" be so we can speculate just a little more to reality than what has been going around

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[Rodyland]

It's hard to have a discussion in this thread because the only vocal people make everyone look like assholes when they have to be constantly corrected.

+1 Rodyland for doing this job. I haven't seen you around but welcome you to come around more often.

Thanks for the kind words.  I've been in ActM since the initial IPO for a small (for me) sum (never invest more than you can afford to lose), and try to follow the thread (despite the low SNR).  I'm hoping that this particular bitcoin investment will work out better than my others (avalon batch 3, avalon chips, and some btcinvest shares).  :/

[VolanicEruptor]

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken.  Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up.  you are so pro

[kleeck]

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken.  Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up.  you are so pro

I thought it had been made quite clear that Ken was making an announcement this week regarding progress and future plans.

[Sou]

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken.  Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up.  you are so pro

I thought it had been made quite clear that Ken was making an announcement this week regarding progress and future plans.

I was under the impression that Ken making his "BIG announcement" this week was in fact, more speculation. No doubt that there will be one eventually, but what indicates it'll be this week?

[Vigil]

Ken told me that there would be an announcement by the end of November in a replay to a message I sent a couple days ago.

[kleeck]

I stand corrected. It has not been clear, apparently.

Here is what I know:

Thanks for the information.

Can we expect to have prototype information with the P&L report?

With the account info, I will be including a statement about the company.

How about that statement about the company?

Most likely next week sometime.  Just got the reports done today at 4:30

Edit: Chatted with Ken last night. He reiterated that the proper expectation is "this month".

[4ju5tice]

I have created a dividend/company calculator. It is conservative.


I'd say that it's very likely that the model is pretty inaccurate after month 2, as it makes a lot of big assumptions.

If you'd like the file to modify parameters or double check my work, suggest a good place for me to upload it to. I know there was an active mining shareholder website that maybe lewicki made? For now, PM me your email address if you want this program.

I actually spent time on this it's dynamic and updates based off of changing the assumptions, donations are always welcome:
1BzEJMhzdmuu4TRYDDc5uZHmtc3UEEPBs3

[kingcrimson]

I was thinking when colored coins go live that will create huge buzz, and along with it Active Mining being the first company embracing it. That will be big publicity and could cause a frenzy. I mean especially with the November announcement coming up and hashing to likely begin after. It could be a perfect storm. 

[drawingthesun]

I was thinking when colored coins go live that will create huge buzz, and along with it Active Mining being the first company embracing it. That will be big publicity and could cause a frenzy. I mean especially with the November announcement coming up and hashing to likely begin after. It could be a perfect storm. 

This would be a preferable situation.

[wasubii]

So are you guys just waiting for a situation where you can offload your shares without making a loss?

I think that if the share price is high, then the news must be good, and if the news is good, then the divs are what I'm after...

EDIT: typo

[drawingthesun]

So are you guys just waiting for a situation where you can offload your shares without making a loss?

I think that if the share price is high, then the news must be good, and if the news is good, then the divs are what I'm after...

EDIT: typo

When I was panicking last week I was of the opinion that getting my Bitcoin back as soon as possible at breakeven rates was my best course of action. The main thing on my mind was the rising Bitcoin price and how it might become impossible to get back those Bitcoins. However I have calmed down recently and after taking two points into consideration I am now considering riding it through.

Point 1) The increase in Bitcoin price is a good thing. If Ken carries through with the 50% reinvestment idea, this means we have much more fiat to spend on chips and R&D. If Bitcoins are 10 times more expensive than last month, that means we have 10 times the fiat to pump back into operations. This will allow us to compound our hash rate much faster and perhaps even increases ourselves against the other miners.

Point 2) My breakeven position is rather high, and we are not getting to those prices under the current climate of no mining. However if mining happens and it's really successful my position might actually be too low. In the case that my position is too low I will make my position higher and see if it gets eaten or leave them there and eat the dividends. This is all about network hashrate. Based on shares being valued at 18 months ROI my breakeven point is 4% of the network, so if we do a lot better then I will push up my position.

Note that most people will be breakeven way below 4% of the network, and most people will be taking profits before me. (I am a worst case shareholder :p)


I really think 5% and higher is possible due to reinvestment and a high Bitcoin price.

[Atompeace]

IMPORTANT!

I don't know if it was already adressed here, but I think I should share this information:

for all people holding money still at bitfunder.com, WeExchange withdrawals don't work!!! Please read this link:

https://bitcointalk.org/index.php?topic=316546.0

AT THE MOMENT IT LOOKS LIKE WEEXCHANGE.COM IS A SCAM!

[JoTheKhan]

IMPORTANT!

I don't know if it was already adressed here, but I think I should share this information:

for all people holding money still at bitfunder.com, WeExchange withdrawals don't work!!! Please read this link:

https://bitcointalk.org/index.php?topic=316546.0

AT THE MOMENT IT LOOKS LIKE WEEXCHANGE.COM IS A SCAM!

Why would Ukyo Scam when he already had the SEC give him a call? That makes no fucking sense. I hope Ken deletes these two posts asap.

[drawingthesun]

EDIT: Deleted them all. Good luck to everyone in WeExchange.

[Bargraphics]

I was thinking when colored coins go live that will create huge buzz, and along with it Active Mining being the first company embracing it. That will be big publicity and could cause a frenzy. I mean especially with the November announcement coming up and hashing to likely begin after. It could be a perfect storm. 

As long as there is a decent site that can read the "Ledger" and allow for "Trades" then yes this could be a good thing. If the site looks like http://mpex.co/ then no one's going to touch it regardless of the backing of colored coin. Hopefully Ken has a designer looking into it.

[finlof]

I was thinking when colored coins go live that will create huge buzz, and along with it Active Mining being the first company embracing it. That will be big publicity and could cause a frenzy. I mean especially with the November announcement coming up and hashing to likely begin after. It could be a perfect storm. 

As long as there is a decent site that can read the "Ledger" and allow for "Trades" then yes this could be a good thing. If the site looks like http://mpex.co/ then no one's going to touch it regardless of the backing of colored coin. Hopefully Ken has a designer looking into it.

let's hope Ken doesnt have a designer looking at it. we all know (Ken included) that web design is not the forte of ActM.

[kleeck]

I was thinking when colored coins go live that will create huge buzz, and along with it Active Mining being the first company embracing it. That will be big publicity and could cause a frenzy. I mean especially with the November announcement coming up and hashing to likely begin after. It could be a perfect storm. 

As long as there is a decent site that can read the "Ledger" and allow for "Trades" then yes this could be a good thing. If the site looks like http://mpex.co/ then no one's going to touch it regardless of the backing of colored coin. Hopefully Ken has a designer looking into it.

let's hope Ken doesnt have a designer looking at it. we all know (Ken included) that web design is not the forte of ActM.

Even given all the fuss over the website, Ken can make a better looking site than MPEX.

[Nosniw]

Ken told me that there would be an announcement by the end of November in a replay to a message I sent a couple days ago.

Hopefully there is just a random announcement: "Mining rigs will be shipping on _______." Soon.

this one/?

 

[Vigil]

Ken told me that there would be an announcement by the end of November in a replay to a message I sent a couple days ago.

Hopefully there is just a random announcement: "Mining rigs will be shipping on _______." Soon.

this one/?

 

Yeah, I hope.