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

[crumbs]

...The latency factor in the Midwest USA where Ken is located is so long at those speeds we would never get the most potential out of the machines.....similiat to shorter HDMI cables.  Thats not today, but those days are comming soon.  

Just went full retard^^^

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[VolanicEruptor]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Then what a luck that bitcoin miners still mine bitcoin isnt it? I only see one point where Ken is failing. He is selling the miners way too cheap. Of course i dont know how much time it needs until the miners get delivered but judging from the bitcoin price its way too cheap. And i dont understand why he is doing that. Maybe he knows that the miners will be delivered late?
The $9000 Miner, when it starts mining on january the first will make a profit of $22,000. When it starts on February its $4400 only anymore. So maybe Ken knows more than we know and its still a good price to sell the miners instead self mining.

If you ever bought a PMB you would understand that mining is not where the real action is. Especially as difficulty goes up and rewards get halved.  Price will have to constantly rise as we know....is that guarenteed .....no.   Even in 1849 the miners wernt the ones who became overwhelming rich.....it was the guys that sold the picks, pans ans shovels.  Bitcoin is no different...ACTM will be selling the tools of hope....lol and with a small farm that may spout a div every now and again.  Anyone with experience in the operation of a PMB knows this.    Its like dating a supermodel....there's a lot of maintenance to keep that lady performing.  

Right... even when a miner looks relatively promising... after you checked future diff development, the time when the miner starts actually mining and so on... it might look way more risky already.
And... having the same bitcoins in hand now instead having the same bitcoins in 2 months of mining makes a huge difference for business too. You can reinvest that money to create more miners. You couldnt do this with self mining... So selling has many advantages for a business.

Why would you not be able to reinvest mining profits into making more chips? 

[kslaughter]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

[VolanicEruptor]

...The latency factor in the Midwest USA where Ken is located is so long at those speeds we would never get the most potential out of the machines.....similiat to shorter HDMI cables.  Thats not today, but those days are comming soon.  

Just went full retard^^^

I can't believe what's going on in this thread.  It's not making sense... these can't be real people

[VolanicEruptor]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

you will never make $3/share.. thats over 20 million dollars.  You know that.  You also know that mining is far more profitable.  Don't act stupid.

[thefunkybits]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

you will never make $3/share.. thats over 20 million dollars.  You know that.  You also know that mining is far more profitable.  Don't act stupid.

In order to make this much we need to get hashing ASAP, its very possible but not without a mining farm. Obviously ken knows this but it needs to be stressed more

[VolanicEruptor]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

you will never make $3/share.. thats over 20 million dollars.  You know that.  You also know that mining is far more profitable.  Don't act stupid.

In order to make this much we need to get hashing ASAP, its very possible but not without a mining farm. Obviously ken knows this but it needs to be stressed more

Ken has a personal mining farm but we won't see any of the profits.  This is why he makes no mention of it.  Can't wait to meet the son of a bitch.

[Jasun7211]

you just dont get it.  how are we going to earn .0025 in dividends if that equates to 10x as much money as before.

Please get me out of this hell hole of idiots

Hahaha again you can't compare the fiat paradigm to the Btc paradigm.  Bitcoin like gold and silver the value is fairly stable priced in its own respective self.   Similar but not exactly to ratio investing.  Its the fiat that's the only thing that's changing.  

Example

In 1950 gas was about .20 cents a gallon.  You could either pay in two dimes or take the two dimes and sell the dimes for .20 for its 90% silver content, and get your gallon of gas either way.  

Try this again in 2013.  You'll get arrested if you buy gas with post 1964 dimes.  But you can take. Those same two 1950 dimes sell them for about 3.50 today and there's your gallon of gas.  Silver and oil stayed relatively stable to eachother.  The dollar was the volitale variable in that equation.  

Same idea here, except we are all escaping the dollar.  We are in the process of not pricing things in dollars these days.  Its a quick and dirty version, but you can't compare using Fiat prices.  Btc is in the process of finding its stability level...which may never happen in my lifetime, but it could be lower than where it is today.....in the end who knows.  Therecould be an emp attack over the US and would render many coins lost and worthless in the panic that ensues......in Africa or anywhere with electricit they will double in purchasing power overnight.  Who knows....but you can only really value btc in purchasing power....not in other moneys.

[stonehoo]

hi there, I have like 45 shares of activemining on bitfunder, which were transfered to tender before BF shut down, is there anybody know what happen to the them right now? are there any dividends?

[SebastianJu]

Why would you not be able to reinvest mining profits into making more chips? 

You will be able but it would be far less effective.

Imagine:

Day 1 Order new miners in the worth of 100Bitcoins
They reach soon.

Day 1 Mine 1 Bitcoin...
Day 2 Mine 1 Bitcoin...

Until you have collected enough Bitcoins to make worthwhile reinvestment it takes way more time than if you could turn your miners in profit instantly, order more, sell them and so on.

Having the mining income of 2 or more months in an instant brings you big advantages. And the bigger you can create an order of new miners the cheaper they are. No comparison to make small orders each 2 weeks after you collected a couple more bitcoins with mining.

Ken has a personal mining farm but we won't see any of the profits.  This is why he makes no mention of it.  Can't wait to meet the son of a bitch.

Funny how hard you work to spread your phantasies. Its so random what you claim here... hefty.

[Ozymandias]

hi there, I have like 45 shares of activemining on bitfunder, which were transfered to tender before BF shut down, is there anybody know what happen to the them right now? are there any dividends?

Dividends have been saved up and will be disbursed when we are live on our new exchange crypto-trade, where an account will already be made for you based on your email used at bitfunder, in the next few days.

[redbeans2012]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

Again, Ken replies to the "trolls" more than his actual investors and customers.  Why doesn't Ken answer some of the questions put forth by his investors that trusted him?  What units were shipped, how are they performing? Can I order some? When will I get it in the mail? What is the status on the mining farm?  I can't even believe I have to ask such simple questions.

[VolanicEruptor]

Lets call it the SMART EDITION!

[coinfresh]

LRN 2 spell, phaggot 

FFS crumbs, dont you have some cats to feed?

[mannybitcoins]

1. Make the image bigger so we can actually read what's on it without squinting. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

[VolanicEruptor]

1. Make the image bigger so we can actually read what's on it. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

If you really couldn't read it, you would have thought it was just a regular dilbert cartoon and wouldn't have made that comment. 
I'm smarter than u

[mannybitcoins]

1. Make the image bigger so we can actually read what's on it without squinting. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

If you really couldn't read it, you would have thought it was just a regular dilbert cartoon and wouldn't have made that comment.  
I'm smarter than u

There I fixed it for you. You might be used to squinting to see small things (sorry about that   ), but we rather not have to.

I'm just helping you troll, seeing as it's the only thing your good at.  

[drawingthesun]

Ken please answer honestly, do you have any eASIC chips hashing right now? And have you sent any product out to customers that contain eASIC chips.

This is super important Ken.

[VolanicEruptor]

Ken please answer honestly, do you have any eASIC chips hashing right now? And have you sent any product out to customers that contain eASIC chips.

This is super important Ken.

super duper

[shaofis]

Again, Ken replies to the "trolls" more than his actual investors and customers.  Why doesn't Ken answer some of the questions put forth by his investors that trusted him?  What units were shipped, how are they performing? Can I order some? When will I get it in the mail? What is the status on the mining farm?  I can't even believe I have to ask such simple questions.

Agreed.