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

[zumzero]

I think you've made you point.  Lol

Werent you the one to request speculation? Lol again.

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[drawingthesun]

Werent you the one to request speculation? Lol again.

I wanted to determine possible reasons behind any delays and understand the solutions in advance.

If we know what could go wrong and perhaps we can begin to fix the problem before Ken lets us know officially.

I am trying to cover all bases.

By the way we could get 50 Bitcoin for 700GH/s off of ebay, why does Ken not sell the miners? They will never mine more than 30 Bitcoin.

[zumzero]

Werent you the one to request speculation? Lol again.

I wanted to determine possible reasons behind any delays and understand the solutions in advance.

If we know what could go wrong and perhaps we can begin to fix the problem before Ken lets us know officially.

I am trying to cover all bases.

By the way we could get 50 Bitcoin for 700GH/s off of ebay, why does Ken not sell the miners? They will never mine more than 30 Bitcoin.

Keep calm and wait until the deadline.   No one has said there are delays.   

[drawingthesun]

Keep calm and wait until the deadline.   No one has said there are delays.   

Ok, just another 4 days to go.

I hope the news is about our chips. I am going to go mad if it's just another financial report or another coloured coin update.

[minerpart]

I am going to go mad if it's just another financial report or another coloured coin update.

'Shakes head'

 

[VolanicEruptor]

Keep calm and wait until the deadline.   No one has said there are delays.   

Ok, just another 4 days to go.

I hope the news is about our chips. I am going to go mad if it's just another financial report or another coloured coin update.

[drawingthesun]

I am going to go mad if it's just another financial report or another coloured coin update.

'Shakes head'

 

Do you think it will be something else?

In fact I will send you the following amount of Bitcoin if Ken gives us the following information before December:

1 - How many eASIC chips we are hashing with. + 0.002

2 - How many chips Ken has ordered and their expected date of delivery. + 0.002

3 - Pictures of rigs and chips. +0.003

4 - The expected hashrate of the low-production run and the main batch +0.003

5 - Expectations of buying the second batch. +0.005

6 - Estimate of how long it takes to reinvest the 50% from mining income into new chips. +0.005

Minerpart, I will send you the amount if Ken shows any of that information, it has to be real numbers and no guesswork. You stand to make about $20 ( 0.02 bitcoin ) if I am wrong.

You might be thinking "Wow DTS has lost it, there is no way we are going to be privy to this information". I ask; why not? We bought the damn thing didn't we? The above information is easily known by Ken. He could even post pictures of the mining rigs or their parts. Ken must have lots of rigs and boards and stuff laying around if he expects to assemble miners right?

Also number 6 is insanely important. The model I posted a few pages back was worth building for one thing; I learnt that the reinvestment time is one of the most important variables in this system. How long it takes to take fiat and turn that into more eASIC chips is the single most important detail. I never realized it before but the model shows that if reinvestment is going to take over 2 - 3 months per order, this company will never even return our money in fiat, let alone bitcoin.

I know, NDA blah blah. How long do we wait by with our mining equipment becoming useless? Are we even able to get 1% of the network?

I have a nightmare that the entire run of low-production and main batch net us about 50 TH/s and we are waiting until March before batch 2 for another 50TH/s, by then we control 0.0000001% of the network.

I might make more money shorting this entire operation once we are trading again.

[minerpart]

I think it's time for another one of your long walks dts.

[somestranger]

Right now he has 68*900 = 61k Tied up which could buy a lot of hash rate imho.

If $61,000 is causing Ken to delay getting miners then this venture is over. Please think about what you just said:

Can't tell if FUD or seriously stupid. Ken has 1400 BTC ($1.4M) from the Avalon refund and you're worried that he's delayed the entire operation for a measly $68k? Nowhere did JoTheKlan imply anything to that effect either... that is all a figment of your imagination.

[drawingthesun]

Right now he has 68*900 = 61k Tied up which could buy a lot of hash rate imho.

If $61,000 is causing Ken to delay getting miners then this venture is over. Please think about what you just said:

Can't tell if FUD or seriously stupid. Ken has 1400 BTC ($1.4M) from the Avalon refund and you're worried that he's delayed the entire operation for a measly $68k? Nowhere did JoTheKlan imply anything to that effect either... that is all a figment of your imagination.

Please read.

Not all we can do!

So until this situation is resolved I do not think we will be ordering our hardware and will not be having an announcement about said hardware. Or maybe there is another reason he needs that BTC desperately. At this point I don't even think we're waiting on Ken and more so waiting on Ukyo.

Right now he has 68*900 = 61k Tied up which could buy a lot of hash rate imho.

When calling someone stupid, just make sure you're not the one being stupid. JoTheKhan is clearly implying that the operation is being held up due to the 61 bitcoins.

My post was to counter his argument and offer a reason to not hold up operations for the 61 bitcoin.

[Nootnewbie]

Any estimates on what a low production run might look like in terms of total hashing power?

[drawingthesun]

Any estimates on what a low production run might look like in terms of total hashing power?

Nope none at all. I have thrown out 3TH/s to 8TH/s, another investor gave an estimate of 16TH/s.

Ken has never denied or confirmed these guesses.

[crumbs]

Any estimates on what a low production run might look like in terms of total hashing power?

0TH/s.
Ken accidentally all the ASICs

[somestranger]

Blah blah blah

Wow, so it is FUD then.

[Nootnewbie]

Lets say hypothetically that everything is sunshine and rainbows right now.

What exactly can Ken disclose?  (Sorry, dont feel like wading through hundreds of pages)

[drawingthesun]

Blah blah blah

Wow, so it is FUD then.

I show you where JoTheKhan implied that the operation was on hold due to 61 Bitcoin.

I was being civil even though you started being offensive calling me either a FUD spreader or an idiot and even after my reply showing why I wrote that post you respond with this?

[SoylentCreek]

Been away for awhile. God this thread has spiraled down to a bunch of cry babies.  DTS, mind if I ask why you have anything at all tied up in this venture?  You've had opportunity after opportunity to bale, and yet you have held on.  Now I am guessing you are in the position that most of us are in.  Ken is now in procession of your shares, and you are eagerly anticipating your dividends.  I get it.  You're nervous.  BTC just broke $1k, and you are horrified that you many never get back what you originally invested into ActM.  Guess what... That is called risk.  Trading securities is little more than psychology backed gambling, hence, nothing is guaranteed.  If you can't stomach the risk, don't play the game.

[JimmyJazz]

Right now he has 68*900 = 61k Tied up which could buy a lot of hash rate imho.

If $61,000 is causing Ken to delay getting miners then this venture is over. Please think about what you just said:

Can't tell if FUD or seriously stupid. Ken has 1400 BTC ($1.4M) from the Avalon refund and you're worried that he's delayed the entire operation for a measly $68k? Nowhere did JoTheKlan imply anything to that effect either... that is all a figment of your imagination.

I don't think Ken looking for this BTC is going to hinder the progression of the current plans.
From what I can take out of it he is just putting his hat into the ring to highlight to the community his BTC is tied up aswell.
What would you rather? He just sat back and waited for the problem to fix itself or actively seek to get OUR money back.

Drawingthesun, you need to really chill out. From what I can remember you said you will earn 1000btc from selling at 0.007.
You are basically waiting to be a USD millionaire - that's not bad.

I am looking forward to the announcement.

[drawingthesun]

Been away for awhile. God this thread has spiraled down to a bunch of cry babies.  DTS, mind if I ask why you have anything at all tied up in this venture?  You've had opportunity after opportunity to bale, and yet you have held on.  Now I am guessing you are in the position that most of us are in.  Ken is now in procession of your shares, and you are eagerly anticipating your dividends.  I get it.  You're nervous.  BTC just broke $1k, and you are horrified that you many never get back what you originally invested into ActM.  Guess what... That is called risk.  Trading securities is little more than psychology backed gambling, hence, nothing is guaranteed.  If you can't stomach the risk, don't play the game.

Yeah true.

Lots of things sort of went wrong to lead me here, I invested when Bitcoin seemed stable, and then the share price fell. Next thing the exchanges all closed down and then the Bitcoin price increased 10 times over. I hoped that the silver lining was that eASIC is our supplier for chips and we would be rewarded. I truly felt that we would of been mining 24TH/s and more mid-November.

Maybe I was just off terribly with the dates, I always thought that early December was when the main batch would be delivered and we would have 100TH/s and more easily.

Can you not understand how I feel? I know it was a risk but really? End of November and 1-3TH/s? I feel sick thinking about it.

[drawingthesun]

Drawingthesun, you need to really chill out. From what I can remember you said you will earn 1000btc from selling at 0.007.

No that's some other guy who has 49% more shares than me.