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

[zumzero]

I have one word for you:

IntelliHash™

this

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[arousedrhino]

Honestly guys Crypto-Trade doesn't look that great just read the last pages of the thread:
https://bitcointalk.org/index.php?topic=149458.480

Seems someones share transfer didn't go that well and there are others in the same boat.

[redbeans2012]

Why is everyone overly focused on the mining farm anyway. We all know that soon enough google and MS and major corps will be involved in the mining.  How are any of us in our moms basement or even the bug farms today going to compete....Personally I'd rather be on the side of selling Goog, MS, or IBM the equipment at over inflated rates.   The best secret is as we all know ....as difficulty increases more and more machines will be needed.  The small farms will be oboslete.   Just think of what happened to the agri business over the last 100 years.  That will happen to the crypto world over the next 2-5.  I wouldn't want to be a small farmer today, or a small btc miner 2yrs from now.  

The mining farm is more important than sales imo.  As the price of btc goes up the less btc each sale is worth. 

[tom.hashemi]

Any intelligent guesses for what price we can expect ActM to get to when it goes up on Crypto-Trade?

[sparky999]

' AMC expects to use its Intellihash technology to increase its revenue with its existing machines until its eASIC designed chip is in full production'

Does this imply the IntelliHash technology doesn't just work with the eAsic chips but with the Avalons as well? Which makes me think Ken is planning on selling this Intellihash technology to other companies or as an aftermarket patch to customers from competitors to increase their hash rate by up to 20% as well. This must be what he means by a game changer for the company.

[sparky999]

Any intelligent guesses for what price we can expect ActM to get to when it goes up on Crypto-Trade?

0.0075 would be my best guess

[zumzero]

So, we have delays on the eAsic chips, but we already shipped ? How is that possible?

We've shipped some units using the original chips, and we're developing new chips which will be slightly delayed but more useful in the long term.

Indeed.  There are some here that would argue that it would have been in our best interests to go with the original chips in order to get them hashing sooner.  But the thing is it's Ken, and not opinionated shareholders who has the data and he obviously thinks that going with eAsic chip 2.0 is the way forward, albeit delayed.

[zumzero]

Glad you liked it. 

[btct22]

Can we see some pictures of the gear that was shipped?  Would also be good to hear feedback from these customers.

I mean if Ken has got a chip actually working that's great news and even if they're slower, knowing that this Gen1 version is hashing would be a big relief for me.

[Ozymandias]

Any intelligent guesses for what price we can expect ActM to get to when it goes up on Crypto-Trade?

I'm an ActM bull but lets be realistic; when ActM is first listed, a lot of people with weak constitutions (the ones that turn green when the btc price goes up and they don't have the ability to cash out at a moment's notice) will want out of ActM and into btc or maybe even fiat. This will keep the price suppressed for the first two or so weeks. If you value your money, don't let this scare you.

Remember that the min realistic price per share will be ~0.00245 (the amount guaranteed to be paid back in divs before the other 15m shares start getting their divs), but will likely be 3-4x greater as ActM is currently the only latest gen company in which it is possible to invest with even more potential upside as bitcoin-denominated investors tend to overvalue companies (Asicminer at 5btc anyone? EDIT: hell, they were a bad buy at 1.8btc!) I am expecting prices to be between 0.01-0.02 by the first few weeks of 2014

[VolanicEruptor]

Any intelligent guesses for what price we can expect ActM to get to when it goes up on Crypto-Trade?

I'm an ActM bull but lets be realistic; when ActM is first listed, a lot of people with weak constitutions (the ones that turn green when the btc price goes up and they don't have the ability to cash out at a moment's notice) will want out of ActM and into btc or maybe even fiat. This will keep the price suppressed for the first two or so weeks. If you value your money, don't let this scare you.

Remember that the min realistic price per share will be ~0.00245 (the amount guaranteed to be paid back in divs before the other 15m shares start getting their divs), but will likely be 3-4x greater as ActM is currently the only latest gen company in which it is possible to invest with even more potential upside as bitcoin-denominated investors tend to overvalue companies (Asicminer at 5btc anyone?) I am expecting prices to be between 0.01-0.02 by the first few weeks of 2014

You guys are absolutely crazy with your predictions. 
I would like to hear what a non-ACTM investor would buy them for.  I'm tired of hearing these numbers from just cheerleaders who are trying to pump the price so they can get out..

[zumzero]

My, my.  The trolls are out in force tonight. 

Expect them to be busy over the next couple of months as they try to keep the share price suppressed.

[VolanicEruptor]

Let's do some simple math.
 
Ken has recently made it clear he does not intend to mine very much at all, and only intends to make money via hardware sales.  This means we would have to generate 10x as much profit to reach our .0025 target as we did when bitcoin was $120.  

Look.

.0025 x 10,000,000 = 25000 BITCOINS of dividends.  

When BTC was $120, that was $2.7 million dollars...

but now that BTC is $1200, $27.5 million dollars of profits is needed to pay off .0025 dividends.

This is why it BLOWS MY MIND that Ken would be so focused on hardware sales. The only explanation would be that he is definitely interested in mining, but doing it behind closed doors where he does not intend to share the profits with us. Why do you think he didn't mention mining ONCE in his announcement?

[Jasun7211]

November Announcement

We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange.

Oh for fuck sake, not this Hong-Kong shit again! How many people more need to get burned buy those fuckers from China?

He is not being racist at all.  He probably got caught in Labcoin.  Btc scamers are all over God's brown earth.  My angle is the govt regulation hand is light over there.   But its your job as an investor to prevent yourself from getting scammed.  An obtuse eliptic shaped eye or a sideways parabola shaped eye has nothing to do with scaming.  I'm just saying crypto trade has always been great to me since day one.......on a side note I still don't know how Havelock is surviving up in Canada.  Tick tock

I avoided Labcoin like a fkn plague.
Bitfunder (HK!) folded up like a fkn patio chair. What makes you think that those guys are not next?

sumzero, you can take that racist card and shove it up where sun ain't shining. Use your favorite chops sticks to push it really deep.

I never said they arnt scammers.  My angle is government regulation.  The Anglo world has lot more to lose than the Sino world.  They will encourage btc development more so than the west....although HK is still that wierd fusion of East meets West.  But crypto trade could totally "fold" one day just like Enron or Lehman.  Thats the nature of business.   My point was up till today...Nov30 2013 I've had nothing but great experiences woth crypto trade....somuch so I bought shares in it around the time I bought the AMC shares.  At that time the FBI was scaring BTC a lot.  And I knew western organizations would be the first to be shuttered.   As squirrly as GOX is its still floating.  They could only touch dwolla since its US based.  In the end were good to go.  

[zumzero]

Let's do some simple math.
 
Ken has recently made it clear he does not intend to mine very much at all, and only intends to make money via hardware sales.  This means we would have to generate 10x as much profit to reach our .0025 target as we did when bitcoin was $120.  

Look.

.0025 x 10,000,000 = 25000 BITCOINS of dividends.  

When BTC was $120, that was $2.7 million dollars...

but now that BTC is $1200, $27.5 million dollars of profits is needed to pay off .0025 dividends.

This is why it BLOWS MY MIND that Ken would be so focused on hardware sales. The only explanation would be that he is definitely interested in mining, but doing it behind closed doors where he does not intend to share the profits with us. Why do you think he didn't mention mining ONCE in his announcement?

Zzzzzzzzzzzzzzzz

[Sou]

So with this 20% increase in hashing performance where does that put us for efficiency? 20% is simply amazing.

Edit:

Is this packable for sale as a software solution? How much would miners pay for a 20% increase in their performance? Maybe ASICMINER would want it, maybe Cointerra...maybe everyone.

[Ozymandias]

Hey, that's cute, the trolls are panty-bunched over me,  you guys

[VolanicEruptor]

Let's do some simple math.
 
Ken has recently made it clear he does not intend to mine very much at all, and only intends to make money via hardware sales.  This means we would have to generate 10x as much profit to reach our .0025 target as we did when bitcoin was $120.  

Look.

.0025 x 10,000,000 = 25000 BITCOINS of dividends.  

When BTC was $120, that was $2.7 million dollars...

but now that BTC is $1200, $27.5 million dollars of profits is needed to pay off .0025 dividends.

This is why it BLOWS MY MIND that Ken would be so focused on hardware sales. The only explanation would be that he is definitely interested in mining, but doing it behind closed doors where he does not intend to share the profits with us. Why do you think he didn't mention mining ONCE in his announcement?

Zzzzzzzzzzzzzzzz

Want me to draw you a chart?  Selling hardware is 10x less profit efficient in relation to a bitcoin based share price.  We are basically geared towards making fiat instead of bitcoin..

[Vigil]

So what was shipped? How long until these chips are done and hashing? Not sure that we got any clear info here.

[Vigil]

When are we getting our dividends for the past month?