VolanicEruptor
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November 30, 2013, 05:29:17 PM |
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Another irrational post from VE.
Mate, GET SOME SLEEP!
Awright , Matey! Cheerz! arrrr!
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Jasun7211
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November 30, 2013, 05:37:46 PM |
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Emotions have no place in investing. I'm not in love or hate Activemining. I just think its a good operation. Emotions are a woman's trait. Logic my friends logic. But then again western males have been fruitified so I guess I understand all the BS and worring on this board.
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abuelau
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November 30, 2013, 05:51:35 PM |
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Emotions have no place in investing. I'm not in love or hate Activemining. I just think its a good operation. Emotions are a woman's trait. Logic my friends logic. But then again western males have been fruitified so I guess I understand all the BS and worring on this board.
LOL
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Jasun7211
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November 30, 2013, 06:08:29 PM |
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What is the official website for AMC. Is it still the old virtualmining site?
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JoTheKhan
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November 30, 2013, 06:10:14 PM |
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What is the official website for AMC. Is it still the old virtualmining site?
Yes
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Stuartuk
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November 30, 2013, 06:17:55 PM |
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There is no AMC website.
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BitFlow
Newbie
Offline
Activity: 18
Merit: 0
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November 30, 2013, 06:48:17 PM Last edit: November 30, 2013, 07:01:31 PM by BitFlow |
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+1 How long till we get our accounts on Crypto-Trade?
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tom.hashemi
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November 30, 2013, 06:50:08 PM |
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"We have this last week shipped our first products to customers." YAYAYAYAYA
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abuelau
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November 30, 2013, 06:51:44 PM |
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Very cool! So we shipped the first products and they use the old chips, but the new chips will use the Intellihash technology hence a small delay? Is my understanding right?
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chairforce1
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November 30, 2013, 06:53:08 PM |
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Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo
-Epicuru$
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tom.hashemi
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November 30, 2013, 06:55:43 PM |
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Ken, do you have any idea of timeframe for when everything will be up and running on Crypto-trade?
And same thing for the eASIC chip entering full production?
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funkymunky
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November 30, 2013, 06:55:57 PM |
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I'm not sold. It doesn't state that it's one of the mining machines. It states in there the chips are late so they can incorporate intellihash. And please don't tell me "Also, AMC has added additional hashing power from our Klondikes" is the extra hashing we've been seeing? I'm only thinking like this because I was expecting/hoping for a much bigger announcement... "We have this last week shipped our first products to customers." YAYAYAYAYA Edit: looks like Crumbs noticed the late bit too.
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Stuartuk
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November 30, 2013, 06:56:05 PM |
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Chips delayed, next question is by how much. I'll leave that to you DTS. lol
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bobboooiie
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November 30, 2013, 06:57:58 PM |
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Lets make some chip addition that will increase hashing 20% but will delay us month and difficulty doubles! Genius or it is as always just bogus and excuse for being late. Now that I get that out of my chest, when do we expect being listed on Crypto-trade and we who already have account there registered with email address that was same as BitFunder what do we do?
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Stuartuk
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November 30, 2013, 06:58:13 PM |
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Look at crumbs licking his lips. He's desperate to buy some cheap shares now the tart.
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kslaughter (OP)
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November 30, 2013, 06:59:39 PM |
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Lets make some chip addition that will increase hashing 20% but will delay us month and difficulty doubles! Genius or it is as always just bogus and excuse for being late. Now that I get that out of my chest, when do we expect being listed on Crypto-trade and we who already have account there registered with email address that was same as BitFunder what do we do?
You will be fine on Crypto-Trade with the same email. Your shares will just be added to your account.
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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November 30, 2013, 07:00:48 PM |
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Active Mining Corporation (Belize)
PROGRESS REPORT
As of November 30th 2013
First I want to thank all of our Investors for trusting in us. We are working hard in this very competitive environment to make all of our Investors successful. Now a few things have changed since our IPO. First, there is a lot more competition in the 28nm marketplace such as, Cointerra, Hashfast, Bitmine, KnCMiner, and Butterfly Labs. Before this last tremulous increase in the exchange rate of Bitcoins and Knc's shipping of their miners the difficulty was so high that our machines would not ROI. During this period we have been working on R & D to improve our products performance to be able to compete with the 400 GH/s and 500 GH/s chips. VMC expects to be able to compete with these competitiors with its increase in performance using our Intellihash(tm) technology. We will be introducing our Fast-Hash One Smart Edition and will have an upgrade path for our current customers.
Bitcoin:
AMC expects Bitcoin to continue to rise in price over the next quarter as global acceptance of the virtual currency continues to explode.
New exchange for shares crypto-trade.
We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange. We feel that this will be the best place for our shares to be traded until we have a tested solution with a decentralized trading and dividends method. Crypto-Trade will be accepting our list of sharesholders and their number of shares and will create accounts automatically. There is no need to sign up for an account on Crypto-Trade as it will be created for you.
November Sales:
As of this writing we have over 2.1 Million in sales for November, this excludes any fraudulent sales, I.e the $933,000 sales which was fraudulent and proven on the thread and a $3,000,000 sales which looks fraudulent. AMC expects its sales of VMC's Bitcoin mining machines to continue to grow as it has the highest TH/s machines in the marketplace. AMC expects the difficulty to continue to rise at an explosive rate. AMC expects this explosive rate to drive adoption of VMC's 24 TH/s which has the lowest space requirement and the highest redundancy of any manufacturers machines.
Shipping:
We have this last week shipped our first products to customers.
Intellihash(tm)
Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up. We have had to modify the software in our chips to make it work with our new software. The chips are going to be late; however, our new Intellihash software could be a game changer for the company.
AMC Cash Position:
AMC is in an excellent position with the rise in Bitcoins this last month. As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and AMC purchased ActiveMining shares. During the time since the IPO, AMC has paid out all of the revenue from the Avalons which is a total of 667.22167902 BTC ( $812,676.01 ) USD including the accumulated dividends to be paid out when all the shares are moved to a new exchange. Also, AMC has added additional hashing power from our Klondikes. AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production.
Increased margins on sales:
Due to the rise in Bitcoin, we have increased our margins on our Bitcoin mining machines. We expect this to help VMC's profit in the 1st quarter of next year.
Bitfunder/WeExchange Problems:
We have ~106 BTC in the Bitfunder/WeExchange system which we can not obtain. We have sent Bitfunder's/WeExchange's Ukyo a Legal Demand For Payment within 72 hours. We expect this problem to result in the loss of the 106 BTC. We are meeting with our Lawyers to determine what our next steps will be. This 106 BTC has been deducted from our liquid cash position above.
Forward Looking Statements This press release contains forward-looking statements, including, without limitation, statements related to AMC/VMC's future sales and distribution of its Bitcoin mining machines. Words such as "expects" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon AMC/VMC's current expectations. Forward-looking statements involve risks and uncertainties. The company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, economic conditions, customer business environment and inventory levels, government and technological factors outside of our control, adoption and roll-out of products, risks related to ability to capitalize on growth opportunities and markets, risks related to our ability to manage our growth and other risks that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. AMC/VMC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
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VolanicEruptor
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November 30, 2013, 07:01:19 PM |
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nobody wants a 20% increase in hashing power if it means a delay. Difficulty increases 20% over the course of only 1 week. Think about it..
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zumzero
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November 30, 2013, 07:03:26 PM |
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