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

[hobbymd]

Yes, boys, I have boasted about how many shares of ActM I hold. Here is what I want:
1) Ken will be more communicative and less vague
2) There will be a viable exchange. (It seems that cryptostock may be that exchange. It would be nice if it could be on a distributed, decentralized exchange.)
3) Ken will provide more information regarding dates of when he expects to have shipping of ordered product be in full run.
4) Ken will will provide more information about when mining will be happening on Active Mining manufacture equipment, meaning a date when mining will be happening.
5) Ken will provide a number and bitcoin address of how many terrahash are mining and where the mining proceeds are going. My suggestion is that ActM use the Eligius mining pool.

This is what i want as well. I would like Ken to be clear and detailed when communicating. And we also need dates of when things are going to be happening.

+1

[1714611459]

1714611459

[JoTheKhan]

Ken when will be begin to mine? Thank you.

[SoylentCreek]

Yes, boys, I have boasted about how many shares of ActM I hold. Here is what I want:
1) Ken will be more communicative and less vague
2) There will be a viable exchange. (It seems that cryptostock may be that exchange. It would be nice if it could be on a distributed, decentralized exchange.)
3) Ken will provide more information regarding dates of when he expects to have shipping of ordered product be in full run.
4) Ken will will provide more information about when mining will be happening on Active Mining manufacture equipment, meaning a date when mining will be happening.
5) Ken will provide a number and bitcoin address of how many terrahash are mining and where the mining proceeds are going. My suggestion is that ActM use the Eligius mining pool.

Nicely stated LorenzoMoney.  Ken really needs to get off his high horse and let some information flow.  I am still confident in the fundamentals of ActM, but I am steadily becoming less confident in Ken's ability to run it.  While I am optimistic about this latest round of updates, the fact remains that there are still plenty of questions that need to be answered.  

For one, why are we focusing more on hardware sells and not mining at this point?  

Second, what lead to the decision to use Crypto-Trade as the exchange of choice, as we await Color Coin implementation?  Did they reach out to Ken directly, and if so, have they been properly vetted to insure that they are trustworthy to oversee this amount of money?  

Do they have proper contingency plans in place, in the instance that they go under (ala BTC-TC, Bitfunder)?

When can we anticipate our shares will be available for trading?

As far as I am concerned, most (if not all) of these will not fall under NDA, and Ken should be able to answer them quite easily, unless he is intentionally being vague as VE keeps suggesting, in the hopes that he can build up his own personal mining reserves and leave us (the ones who helped get him to this point) out in the cold, picking up dust dividends from sales.  I am not saying that I agree with these accusations, but the fact the Ken is making little effort to get out in front of them is just mind boggling.

[Stuartuk]

Ken does not have time for this thread. Get used to it one and all.

This thread is a nonsense and it effects the business not a single bit.

If I were Ken I wouldn't come on here period. He is running a bloody business guys he is not supposed to be answering commericial secrets on here just so the women on here can feel a bit better. This is business, you made your business decision - now live with it.

You all need to switch off this damn thread and come back in a few weeks.

[VolanicEruptor]

Ken does not have time for this thread. Get used to it one and all.

This thread is a nonsense and it effects the business not a single bit.

If I were Ken I wouldn't come on here period. He is running a bloody business guys he is not supposed to be answering commericial secrets on here just so the women on here can feel a bit better. This is business, you made your business decision - now live with it.

You all need to switch off this damn thread and come back in a few weeks.

If you funded me $1,000,000 to start up a business, you better believe that you would be interested in what I'm doing...

[Bargraphics]

I've sent one of my friends to VMC, he bought 1THs Platinum more than a week ago. Today he called and told me that aprox. shipping would be 2-3 months. So, WTF? I'm too ordered when here in forum shipping was December, not 2-3 months.

That is for ordered which have been place last week.  We have a pre-order queue, so if you are at the end of the queue, then the wait is about 2 months.

[zumzero]

This is good right? We are shipping units in two to three months for orders placed last week.

Edit: and all preorders delivered within two months.

[VolanicEruptor]

This is good right? We are shipping units in two months for orders placed last week.

Considering ROI on one of these machines is currently about a week if you use it to mine,
2 months is a brutal amount of time to see a profit for VMC
and to make it worse...
Ken Slaughter says "margins will be tight".. those are his words exactly.

[stenkross]

I've sent one of my friends to VMC, he bought 1THs Platinum more than a week ago. Today he called and told me that aprox. shipping would be 2-3 months. So, WTF? I'm too ordered when here in forum shipping was December, not 2-3 months.

That is for ordered which have been place last week.  We have a pre-order queue, so if you are at the end of the queue, then the wait is about 2 months.

[somestranger]

I hope the wait is 2 months because AMC is getting its mining farm in that time period...

[Stuartuk]

We just had a major announcement Ken told us everything he wanted to or could do.

This competition in this market place can make or break us. Therefore it does not make commercial sense to give them the information that you all want.

Ken spent your million dollars paying eASIC. That's where it went. He has also paid out close to a million dollars to us (in btc) from his machines which he paid for with his own money before any of your bitches even bought a share in ACtM.


Now you trust him with this company or you don't. If you do let him get on with it. If you don't, keep bitching bitches - the exchange will be open soon where you can sell all your fucking shares to the Trolls then you can shut the fuck up for good.

[neilol]

Now you trust him with this company or you don't. If you do let him get in with it. If you don't keep bitching bitches - the exchange will be open soon where you can sell all your fucking shares to the Trolls then you can shut the fuck up for good.

Surprising burst of competence

I hope the wait is 2 months because AMC is getting its mining farm in that time period...

this was my first thought/hope..but if this were the case I'd like to think Ken would at least have outlined that plan in some vague way.

[VolanicEruptor]

We just had a major announcement Ken told us everything he wanted to or could do.

This competition in this market place can make or break us. Therefore it does not make commercial sense to give them the information that you all want.

Ken spent your million dollars paying eASIC. That's where it went. He has also paid out close to a million dollars to us (in btc) from his machines which he paid for with his own money before any of your bitches even bought a share in ACtM.


Now you trust him with this company or you don't. If you do let him get on with it. If you don't, keep bitching bitches - the exchange will be open soon where you can sell all your fucking shares to the Trolls then you can shut the fuck up for good.

It didn't all just go to the NRE.  It also went into trading his own stock on Bitfunder (which is the worst thing a CEO can do if he has not created value yet for the company), and numerous "travelling" expenses that seemed to reach ridiculous numbers 

[JoTheKhan]

Ok guys. I think it's time you understood what the difference between questioning the CEO of a company that you are invest in is and just spreading FUD and bitching.

There are things Ken needs to answer. This is 100% fact. He needs to explain the vague details he gave us on the 30th. Whether he wants to or not. This is not spreading FUD. Ken has stated that chips are delayed with no explanation. This needs to be elaborated on; how long were they delayed, what did we ship and when will we be mining? He said we will be moving onto CryptoStocks exchange; how long from now? Q4 Ends in a month, exactly how far behind schedule are we? If we're shipping hardware, why are we not also mining with hardware? These question need to be answer with what I'm sure are a lot more. I understand that somethings might need to be confidential (Notice how I didn't mention Intelihash or eAsic).

FUD is what DrawingTheSun did this morning on the VMC Thread.

There are times when others on here spread FUD, this is certain. VE talking about Ken solo mining with our shit or giving it away to family members. IceBreaker back in Sept/Oct. But that does not mean they spread FUD 100% of the time they post. You guys need to get off your high horse, stop bitching back and forth and understand that Ken is keeping us in the dark on more than he has to.

[SoylentCreek]

Just a small correction, since I have seen it pop up a couple times now, the shares are going to be transferred to Crypto-Trade not Cryptostocks.

[Jasun7211]

http://tess2.uspto.gov/bin/gate.exe?f=searchss&state=4807:ze99pe.1.1


For the people that think ACTM is the next labcoin....forget it do some research above.  I know that we are beyond this point, but I fear a regression back to it.  other ones Ken has are pending.  

[JoTheKhan]

Just a small correction, since I have seen it pop up a couple times now, the shares are going to be transferred to Crypto-Trade not Cryptostocks.

My apologies, Gahh.. I'm not familiar with Crypto-Trade at all. Does anyone have (unbiased) experience with this website?

[JimmyJazz]

The fact that Ken is active on the forum but is choosing not to communicate with shareholders who are concerned and demanding answers is absolutely unacceptable.

[Jasun7211]

Just a small correction, since I have seen it pop up a couple times now, the shares are going to be transferred to Crypto-Trade not Cryptostocks.

My apologies, Gahh.. I'm not familiar with Crypto-Trade at all. Does anyone have (unbiased) experience with this website?

Love it  Much better divys than youll ever get from a mining farm in this stock.  You can trade both other cryptos and stocks.  I'm surprised it hasent gotten bigger faster.  They are also part of the Galt's gulch project in Chile...its really cool.  Cheap commissions.  Not like cryptostocks but fair.  My favorite exchange of allthe ones weve been blasting through.

[SoylentCreek]

Just a small correction, since I have seen it pop up a couple times now, the shares are going to be transferred to Crypto-Trade not Cryptostocks.

My apologies, Gahh.. I'm not familiar with Crypto-Trade at all. Does anyone have (unbiased) experience with this website?

I have traded LTC/FTC on there before.  The site is actually really nice, but I do have a few concerns.  One, being that I am not too familiar with who is running it, and how trustworthy they are.  Granted, I haven't done much research on that front.  The second MAJOR issue I have with the exchange is the fact that they have only one form of 2FA, and it's via your email account (they email you a token when you login), which is just stupid in my opinion.  There is no reason whatsoever that they should not have Google 2FA and possibly Yubikey.  I would recommend that everyone on here message the admins over there and request that they implement something better.