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

[SebastianJu]

We must keep reinvestment at least 50% no matter the bitcoin price.

I think reinvestment is the most crucial part here since ActM has the advantage of being able to produce miners at cost. It cant be done the same way by paying out all divs and buying your own mining hardware at endusersales. So reinvesting is the smarter way to more returns.

Saying that... ActM still has much Bitcoins that can be used to reinvest. So im not sure if its really needed to keep back bitcoins. If its needed then we should aggressively reinvest and get way more return this way.

The other thing is to focus on hardware sales. Its good to see that the prices were raised. But 50% only? The bitcoin exchange price is way higher than 50% now. Though of course we are at preorder state. We cant really maximize profits now since too high prices means to presales. Once we have miner at stock this will work way better and i hope Ken will flexibly adjust the prices. Not like KNC that lets themself buy out in short time and everyone knows they could made way more money selling these miners judging from the demand. This shouldnt happen to ActM.

Please, just let me sell my shares.  I don't want this nightmare any longer.  I realized I made a mistake when BTCT and BF shut down.  Now we are just names on a list..

My prediction for the share price if it ever gets listed:  .0001 BTC
even that seems too good to be true

I have no doubt that Ken is mining with at least 50TH/S right now.  This is what I mean by "holding our bitcoins hostage".  I am not going to say what I know from eASIC so I suggest you all do your own homework. 

Wow... its impressive how desperate you are to drop the shareprice. You want to buy in fact right? Otherwise you would make a contract and accept payments to an escrow so that you can move the shares once they are listed at an exchange. If you or the buyer dont go through... they have to bear the trustloss or worse. It should be possible.
But im pretty sure you want cheap shares instead.

By the way... Ken is running the prototype board and divs are coming too... only not yet automatically. There is no sign of 50TH somewhere. Thats something you sucked out of your fingers.

Miner prices increased by 50% (old prices from http://mining.thegenesisblock.com/)

                                    old price / new price
silver unit (1 module) 64GH/s  - 999 / 1499.40
gold unit (1 module) 128GH/s - 1559 / 2339.40
platinum unit (1 module) 256GH/s -2399/3599.40
silver unit (2 module) 384GH/s    -2559/3839.40
gold unit (6 module) 768GH/s -5719/8579.40
platinum unit (6 module) 1536GH/s - 9039   /13559.40
platinum unit (6 module+6 cases) 24576GH/s -148958/223438.20   

If prices increase, it must mean the demand exceeds the offer, right?

No... it only means that Ken finally adjusts the prices because the bitcoin worth was raised several hundred percent. If you could buy a miner for 10BTC some weeks ago you now only need maybe 2BTC though the same miner still is mining the same bitcoins. So the miners become cheaper in fact. A raise for 50% is a good sign but im not sure it thats good enough. Maybe Ken knows more to judge this.

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[xorxorxor]

Hey folks.  

What is the best way for me to sell my ActiveMining shares?  I did have 1000 in my BitFunder (transferred from  BTC-TC) account (public verification address 1J4JP5pPjTAnEZRAqsP9eBo2UukDZvdUy4, if someone official can confirm that I do own 1000 shares), which I transferred to AMC-TENDER about a month ago.  I always planned to long hold, but things have come up and I quite badly need the money.

Is it even possible to sell, since I have transferred to AMC-TENDER? What would be the going rate per share?

[MilkyLep]

Looks like it's been about a week since the last manual mining deposit...? 

[arousedrhino]

For those who just want out and hope to exit with a satisfactory position, here this;

There will be a plethora of investors desperate to get a piece of the action once they all realise that ActM is about to get listed again and is already hashing with its eAsic chip and scaling up production of its Fasthash machines.

I think Ken's announcement will, amongst other things, tell us where and when trading will start again.

There is going to be a rush for securities again and we are set to benefit from this new inflow of wealth.  People who can buy many coins at over $1000 a pop will be those also inclined to invest in a company like ours.

If this announcement doesn't come by the end of the month, I'm sure it'll be just around the corner, but one thing is for sure, Ken will have a check list and he won't be making any announcement until he is absolutely satisfied that he has ticked every thing on that list.  

Thank you Bumzero for your incredible insight.  You have given Ken the perfect excuse to delay an update.  Now investors can continue to worry about their bitcoin during the worst scamming era of human history.  By the way, you have some cum dripping off your chin, looks like Ken got messy again with you, make sure you clean it up before Thanksgiving supper!  

Did you forget about the Catholic Church?

[arousedrhino]

Hey folks.  

What is the best way for me to sell my ActiveMining shares?  I did have 1000 in my BitFunder (transferred from  BTC-TC) account (public verification address 1J4JP5pPjTAnEZRAqsP9eBo2UukDZvdUy4, if someone official can confirm that I do own 1000 shares), which I transferred to AMC-TENDER about a month ago.  I always planned to long hold, but things have come up and I quite badly need the money.

Is it even possible to sell, since I have transferred to AMC-TENDER? What would be the going rate per share?

You can't sell at this moment. Hopefully we get good news by the 30th and are listed on a temporary exchange so that you can sell the shares. You could work out a private transaction with a member to trade shares at a later date but that would require a high level of trust between the parties.

[thefunkybits]

Lets hope all you fools sell as soon as the shares hit an exchange.
They will get gobbled up and the resistance to .01 will be much less after that
The potential of this company is enormous, anybody who wasn't expecting delays is an idiot (we dont even know if there is any forsure)

Just chill out and gobble gobble! whining changes nothing

[gjpminingco]

Who wants to Sell for 0.0001 btc per share I will enter to a Contract to buy them NOW at that price!!!!

Let me know how many you have at that price cuz I WANT THEM

I have interviewed Ken and I believe what he has to say, everyone rages cuz he is not giving you folks a PLAY BY PLAY of his activities daily

has no one else ever been behind schedule on filling out paperwork or updating something they were supposed to, Everyone just needs to chill the F*ck out and he will get to us when he can I am tired of seeing these cry babies whine and complain about updates and sh*t everyone just needs to take a chill pill and relax....

Like i said if you want to sell your shares for 0.0001 per share I will take them Gladly, Sell them to me ( somone who has a lil faith in the Company and the ones running it )   

[Stuartuk]

I'm selling. 0.01 a share. PM me.

[SebastianJu]

For 0.0002BTC i would take 25000... though im pretty sure this is all talk to crash the price... and it looks like it works...

I would pay the bitcoins to a trusted escrow and make a contract with the seller that he pushes the shares to me as soon as the shares are on an exchange again.

Though i wonder how to prove the ownership of the shares. I mean there is the list of shares at bitfunder... but once the shares are moved to AMC-TENDER the old address should be gone. And its open if the user pushed the shares to AMC-TENDER or sold them. So im not sure how to prove that someone owns these shares.

Anyway... thats all theoretical since i doubt that anyone is selling at all.

[MilkyWayMasta]

For 0.0002BTC i would take 25000... though im pretty sure this is all talk to crash the price... and it looks like it works...

I would pay the bitcoins to a trusted escrow and make a contract with the seller that he pushes the shares to me as soon as the shares are on an exchange again.

Though i wonder how to prove the ownership of the shares. I mean there is the list of shares at bitfunder... but once the shares are moved to AMC-TENDER the old address should be gone. And its open if the user pushed the shares to AMC-TENDER or sold them. So im not sure how to prove that someone owns these shares.

Anyway... thats all theoretical since i doubt that anyone is selling at all.

It'd just be a waste of time if the price is higher than 0.0002 when the exchange goes up, whoever has said they would sell will just sell on the exchange instead.

[xorxorxor]

Hey folks.  

What is the best way for me to sell my ActiveMining shares?  I did have 1000 in my BitFunder (transferred from  BTC-TC) account (public verification address 1J4JP5pPjTAnEZRAqsP9eBo2UukDZvdUy4, if someone official can confirm that I do own 1000 shares), which I transferred to AMC-TENDER about a month ago.  I always planned to long hold, but things have come up and I quite badly need the money.

Is it even possible to sell, since I have transferred to AMC-TENDER? What would be the going rate per share?

You can't sell at this moment. Hopefully we get good news by the 30th and are listed on a temporary exchange so that you can sell the shares. You could work out a private transaction with a member to trade shares at a later date but that would require a high level of trust between the parties.

Ah, figured as much. Damn...just have to wait.

[auto2nr1]

In the mean time I have learned that BTC is the fiercest competition to shares. I always considered the $300 I gambled on bitcoin-stocks a high-risk game - after all, if one of several stocks explodes, it might pay for the scams and failures of the others. If none pays back the coins I put into them, some might at least pay back the $300. And if none does, it was an interesting time.

Well said. I lost alot of coins in scams and failures this year. We are all mature enough to understand the risk that is involved in Bitcoin and securities on top of that. What should happen will happen. There is nothing we can do to change the course of the future. Everyone on this boat is either destined to make a significant amount of money or we are destined to lose it all. History will take it's course either way so lets try to stay positive until that time comes.

[minerpart]

OK guys, the new exchange could be with us soon so lets get serious now.

I'm sure some of you have heard of a thing called P/E ratio (price-earnings ratio)?

It's a very simple formula universally used for valuing a listed company and it's shares which most often involves you dividing the share price by the annualised earnings per share.

here is a basic introduction:

http://www.allstarstocks.com/gpage2.html


So instead of guessing how much you think share price will go to using your divining rod or a set of Rune stones just use the p/e ratio.

All you need to know is the total amount of BTC that will be paid out in divs to public investors in year 1 and then you divide that by the number of shares to get your annual earnings per share figure. You then choose a share price - lets say the IPO of 0.0025 and divide that by your annual earnings per share figure to get the p/e ratio.

An acceptable p/e ratio to investors in the real world would range from anything from 10:1 to 100:1 - it's going to be based around the company prospects for growth and continued business.

OK so who want's to start? Me? OK-

I think 4justice's table gave a yearly total for public investors (taking into account the drop when Kens shares get divs) of around 40k BTC.

40,000/10,000,000=0.004
0.0025/.004=0.625

So now we need to decide what P/E ratio investors will be happy with. 0.625:1 would put the share price at 0.0025 - obviously. Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.

I would say with BTC rising so commendably that a P/E ration of 10:1 would be conservative - so that would mean a share price of 0.04 > 0.04/0.004=10

Anyone please correct my arithmetic/logic and make comments.

PS - I just checked out what the P/E ratio was on AM when it was at 4btc and paying out around 0.025 per week in divs. It was around 3:1. I think if we are a high profile, open company doing big sales and farming we can exceed 3:1 due to greater investor confidence.

PPS - 4justice's table is I think conservative.

[crumbs]

... Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.
...

The above is a perfect summation of what Active Mining is not, so proofing the math is pointless.
P.S:  Your yard dog, Stuartuk, got loose & started shitting up other threads, could you give him a holler?

[minerpart]

Pay attention people. I'm going to tell you why crumbs just replied - post reserved while I type.

---------------------------------------------------------------------

OK why would crumbs jump in here? He's been silent for a while....mmm


The thing is, you and I know most of us in here are amateurs. I'm not counting myself as a pro by the way. But that is a fact.

This company will publish news very soon and the lot of you are going to jump ship when the shares start trading at anything from 0.0025 or above. This is exactly what the likes of crumbs and VE are waiting for. They are obviously not 100% certain right now if they are getting into this stock as they haven't seen the news - only Ken has that info. But they will be able to quickly read into the news release a forecast for the next 6-12 months - they will do a few quick calculations like the p/e ratio and will start buying up all the shares you have been fooled into dumping by these Trolls.

It's a very very clever game and you are all about to fall for the trick.

I'm not all that bothered to be honest but as you've all be here so long through the bad times that I think you deserve not to be ripped off at the last hurdle. This share price could go to 0.04 and above within a few weeks of this company getting off the ground and making big sales. Remember that when thinking about dumping at 0.0025 just because some Troll has been manipulating your view of this company's prospects for months.

[crumbs]

Lol, can't wait

[minerpart]

Lol, can't wait

More propaganda. Do you see why he's suddenly woken up? If you sell to this guy at 0.0025 more fool you.

[Stuartuk]

Yeah I know for a fact you are right on this. If you look at this guy crumbs posts on other forums as I have today he sounds like he knows exactly what he's doing. He's a very manipulative customer. And he wouldn't have put the months of work into this thread unless he had a big plan. It would be a real shame if a scumbag like this profited from all the frightened shareholders dumping into his buy orders. You just know he would take great pleasure in that happening. A real Gordon Gekko if ever I saw one.

I am now only selling at 0.04 and above.

[VolanicEruptor]

I've called it before -- crumbs has interest in this company, somehow.  He wouldn't have put forth this much effort just to rub it in our faces that Ken is a moron.  Obviously he either has shares, and is pissed about incompetency (just like me), or he is wanting to buy cheap shares if and when they are tradeable again.  

Just so you all know, I AM NOT buying more shares.  Any negative comments I make is due to the fact that I think Ken is incapable of what he has gotten himself into.  I believe any one of us could have done a better job at getting things rolling.

[Rawted]

Why did it take all this time for people to finally realize this? Many commented on the original thread about issues we saw before the ipo on btct.co. I suggested selling off during the ipo craze (i sold off at 087) to protect yourself, and was called a moron, dipshit, etc. Others tried to hint at it, and they were scoffed at too. Next time, don't be so damn defensive, and open your minds to what others are saying - most of us were only trying to help. In life your first instinct is often the correct one. I hope all of you have brighter days ahead of you.