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knybe
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December 19, 2013, 11:34:03 PM |
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...complete and unmitigated disaster blah blah blah ...
you know nothing and until you (we) do, you're blowing hot air and coming off as manipulative. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Bargraphics
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December 19, 2013, 11:38:09 PM |
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...complete and unmitigated disaster sound good ...
you know nothing and until you (we) do, you're blowing hot air and coming off as manipulative. Unfortunately he is just another one of those guys that tries to say "I told you so" and then if things do turn up well he just leaves and never returns. Wasted air I suppose. |
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Stuartuk
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December 19, 2013, 11:39:22 PM |
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How could Ken's chip, being less efficient & costlier both in GH/s & BOM, compete?
You are presuming there is no room in this (or any) industry for competition and that is never ever true. How many types of micro-processors are used in home PC/laptops right now? Is the answer one? Is the fastest per dollar processor dominating the market? No, and it likely never will because many many products are priced to appeal to customers on varying performance/cost basis. So we might have a lesser spec machine than company X but does that mean we will sell none of them? No. Does everyone buy the best performance car? No. Does everyone buy the best value budget car? No because everyone has their own budget, and everyone realises the returns on a mining machine will usually determine how much you expect to pay for it. That's the retail side of our business covered. Next - ACtM only need 3% of the BTC mining market to give all share holders a massive return on their investment. So you are suggesting that we cannot build enough machines to take 3% of the current market. That's been proved to be far from true on here several times. We are able to start with 5+% and work up quickly to 10% of global hash with the resources currently available to us. Ken is on the cusp of opening the mining farm and shipping machines. Saying he has no experience in this field when he is already 95% of the way there is simply ludicrous. |
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Stuartuk
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December 19, 2013, 11:52:52 PM |
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unmitigated disaster
You are depicting ACtM as a 'disaster'. That's just complete nonsense. Something makes me think you are being manipulative for some ulterior reason. Even if what you suggest is true, that ACtM will have a more expensive chip than KnC has access to, does that make the company a 'disaster'? No. ACtM has the resources and ability to produce enough 24 TH/s machines to take 5% of global hash within the next 6-8weeks. Is that a disaster? If our electricity bill is a certain percent higher than a similar farm somewhere else and out cost of production a certain percent higher does that mean the farm is a disaster? In what way is mining well over 1000BTC a week a disaster? If anyone is trying to manipulate anything it is you trying to make the opening share price on CryptoTrade low so you can buy in cheap. Why have you decided to be active on here now whereas a month ago you were silent when people were buying ACtM shares? Why are you concerned about noobs now but not last month? It doesn't add up dude, not at all. |
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Stuartuk
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December 19, 2013, 11:58:23 PM |
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We, in fact know many things.
Ken has demonstrated he is a drunk.
FUD Ken does not have any of the requisite skills required to design and manufacture electronics.
Untrue - FUD Every schedule proposed for this project has been blown in a manner that completely compromises any opportunity for profit
Untrue - FUD There is no commitment to deliver by any date
The same with any company until the date IS confirmed! - FUD Multiple companies with better technology have demonstrated working hardware and are ready to ship in volume soon
Point addressed - it's called the competition. FUD EDIT - Entropy-uc has proved he's another wannabe ACtM holder. Make him pay top dollar for your shares if you want to sell. Don't become a victim of these Trolls lies. They want your shares and they will pay for them because they know ACtM will be a big player. Don't sell low. As for newbies - don't buy ACtM. That should make this idiot happy, but will it? mmmmm |
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arousedrhino
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December 20, 2013, 12:00:49 AM |
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Dream on. That might be the silicon cost for easic. But once you add in the board, controller and compoenents, power supply, facilities etc, you will be vastly more expensive than current retail offerings.
As I have said before the power estimates are simply unrealistic. FPGA hard copies are far less efficient than pure silicon designs. So imagining that easic will deliver at a lower power consumption than KNC is in the territory of elves and unicorns.
The boards and all of the components involved are really not that expensive. It might add $0.15-$0.25/GH to the total cost. I agree that the power estimates should be higher than KnC, I never said it would be lower. KnC gets between 0.8W/GH - 1.5W/GH We'll probably see 1.2-2W/GH with the FPGA copies. Regardless, even if the gear was $2/GH cost, gear in hand right now is selling for ~$20/GH (Note I didn't say this would make a profit but it is selling and ActM does sell hardware) At $2/GH mining will be very profitable for quite a long time at current prices. Arguing against this means you do not have a firm grasp on what will be delivered and when. I call it the sky is falling syndrome. Wrong. Go price voltage regulators with reasonable power conversion efficiency. Those alone will blow your estimates apart. Please show us the math, the newbs need saving. Back it up like you are asking everyone else to. |
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Stuartuk
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December 20, 2013, 12:07:47 AM |
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Crumbling reason-
What are you doing here again?
Why have you been quiet for weeks, then as soon as shares are about to become live again and the news is really progressive, do you become highly active?
That's a simple question, but nothing could answer it other than:
1) You really care about us.
2) You want in on the action.
Now which one of these could be correct?
edit - a complete waste of my time reading your pre-delete posts, but if I can stop you getting cheap shares that will make me a very happy guy. Have a good day.
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VolanicEruptor
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December 20, 2013, 12:29:30 AM |
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When Ken deletes everything he doesn't like, the cheerleaders look like schizophrenics arguing with phantoms...
please go back to photoshop.. you have work to do, remember? |
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crumbs
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December 20, 2013, 12:44:31 AM |
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When Ken deletes everything he doesn't like, the cheerleaders look like schizophrenics arguing with phantoms...
please go back to photoshop.. you have work to do, remember? Ken has to post some pics for me to shop first. He hasn't posted any since summer  And the car pic vanished...  |
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VolanicEruptor
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December 20, 2013, 01:42:56 AM |
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When Ken deletes everything he doesn't like, the cheerleaders look like schizophrenics arguing with phantoms...
please go back to photoshop.. you have work to do, remember? Ken has to post some pics for me to shop first. He hasn't posted any since summer And the car pic vanished... draw a new car then. You seem to have the time. |
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Elokane
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December 20, 2013, 04:15:44 AM |
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Ken is on the cusp of opening the mining farm and shipping machines. Saying he has no experience in this field when he is already 95% of the way there is simply ludicrous.
What are you basing this on? |
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keepinithamsta
Member
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Activity: 85
Merit: 10
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December 20, 2013, 04:33:08 AM |
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Ken is on the cusp of opening the mining farm and shipping machines. Saying he has no experience in this field when he is already 95% of the way there is simply ludicrous.
What are you basing this on? He's psychic. Ken just keeps saying things without giving us a hard timeframe or any proof they are actually at that step in the process. |
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ldrgn
Member
Offline
Activity: 118
Merit: 10
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December 20, 2013, 06:31:26 AM |
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I sorta understand that pictures of the hardware setup would give piece of mind to Active Mining shareholders. However, don't you guys remember BFL's first generation of ASICs? There were lots of pictures of equipment and assembly space spread out over the period of six months or so. None of it mattered because none of the chips were on hand. So I don't understand why people are crying for proof when we all know it doesn't tell us anything about the company's bottom line.
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Elokane
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December 20, 2013, 12:47:59 PM |
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Because it's better than nothing.
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VolanicEruptor
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December 20, 2013, 12:49:58 PM |
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If Ken is smart he won't release the news until trading is live. He has been known for insider trading. He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them So this is another reason why we need to get trading.
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crumbs
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December 20, 2013, 01:00:18 PM |
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If Ken is smart he won't release the news until trading is live. He has been known for insider trading. He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them So this is another reason why we need to get trading.
Volanic: With confidence at an all-time low, allowing trading now would be disastrous. Ken is keeping your investment off the market for your own protection. If Ken wished to manipulate prices, he could do so with greater ease when the shares are trading. Just sit tight bro. |
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stslimited
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December 20, 2013, 01:00:29 PM |
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If Ken is smart he won't release the news until trading is live. He has been known for insider trading. He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them So this is another reason why we need to get trading.
why did he even admit to trading his own stock, was that a serious lack in judgement ? I remember reading that, it did not surprise me but it surprised me that he said that he is in the USA for pete's sake! practically the only country that prosecutes insider trading, and gives the longest sentences known to man for it! |
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crumbs
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December 20, 2013, 01:01:41 PM |
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...
why did he even admit to trading his own stock, was that a serious lack in judgement ?...
Alcoholism. |
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stslimited
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December 20, 2013, 01:05:09 PM |
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...
why did he even admit to trading his own stock, was that a serious lack in judgement ?...
Alcoholism. Well good thing all the exchanges he did it on have shut down. Prosecutors wouldn't be able to get proof of it |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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December 20, 2013, 01:12:09 PM |
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If Ken is smart he won't release the news until trading is live. He has been known for insider trading. He will buy up shares first (probably with avalon refunds) and then release the news/pictures and dump back his shares after he pumps the shit out of them So this is another reason why we need to get trading.
why did he even admit to trading his own stock, was that a serious lack in judgement ? I remember reading that, it did not surprise me but it surprised me that he said that he is in the USA for pete's sake! practically the only country that prosecutes insider trading, and gives the longest sentences known to man for it! I was under the impression an Executive has to give 48 hours notice before making a trade. So Ken's only mistake was trading in secret, as it's not outright illegal. |
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