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LorenzoMoney
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October 09, 2013, 09:06:52 PM |
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Here is some wisdom from the 17th century. It is from a book written by Joseph de la Vega http://en.wikipedia.org/wiki/Joseph_de_la_VegaThe first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs. The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last. The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience. Bold/emphasis is mine. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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October 09, 2013, 09:26:34 PM |
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Here is some wisdom from the 17th century. It is from a book written by Joseph de la Vega http://en.wikipedia.org/wiki/Joseph_de_la_VegaThe first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs. The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last. The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience. Bold/emphasis is mine. Wise words.  |
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LorenzoMoney
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October 09, 2013, 10:11:32 PM |
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Stating what to me seems obvious: According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA. Buying and selling illegal drugs online using fiat or bitcoin is not legal. Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also. On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally. The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier. |
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kslaughter (OP)
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October 09, 2013, 10:26:23 PM |
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Stating what to me seems obvious: According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA. Buying and selling illegal drugs online using fiat or bitcoin is not legal. Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also. On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally. The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier. This answers a few of you questions: http://www.tcc5.com/gopublicconsultation.php |
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chsados
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October 09, 2013, 11:19:38 PM
Last edit: October 10, 2013, 12:06:53 AM by chsados |
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what about this? someone already created ActiveMining_Test. It's still Beta and runs testnet, but looks promising. Heh that was me who created that a few weeks ago. BitcoinX is not yet ready. I'm trying to organize a t shirt sale and all profit going towards the dev team. https://bitcointalk.org/index.php?topic=308085.0 |
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kingcrimson
Legendary
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Activity: 1025
Merit: 1000
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October 10, 2013, 12:13:46 AM |
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A question on active mining, how much TH do they plan to mine with, and what date are they hoping to get started by?
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knybe
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October 10, 2013, 05:19:06 AM |
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some more on Colored Coins and a long explanation/discussion about them on reddit: |
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Technologov
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October 10, 2013, 06:58:48 AM |
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kingcrimson:
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
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Puppet
Legendary
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Activity: 980
Merit: 1040
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October 10, 2013, 07:18:25 AM |
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kingcrimson:
I hope to see first mines (ASIC-powered ActM computers) by Q1-2014.
How much TH/s ? Who knows ? I know they should be powerful enough to compete and take a good chunk of the market. (over 10%)
Bitcoin market = 1.3 million BTC per year. x $120 = $156,000,000. So over $15 M is expected revenue and at least $2.5 M profit next year (assuming Bitcoin price stays flat, which I believe will keep rising).
This is my personal expectation from ActM. We'll see how it plays in reality.
10% is probably way too optimistic. ActiveMining is using a structured asic, The upside of this approach is low NRE, short time to market and relatively low risk of it not working. But the downside is that its way more expensive to produce as traditional asics per unit. Depending how much Ken invested (which I think was dependent on presales which dont appear to be stellar), 10% or even more might be attainable shortly after launch, but it will be impossible to maintain a year from here. |
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redbeans2012
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October 10, 2013, 07:25:17 AM |
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Can anyone confirm the time when sample chips arrive. The beginning of the thread states 9 weeks (is that from the time the thread was posted or from when he paid EASIC)
I see the question was asked a few times and didn't see an answer.
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Technologov
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October 10, 2013, 08:22:52 AM |
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>But the downside is that its way more expensive to produce as traditional asics per unit.
How much more expensive ?
What is the expected performance advantage of full-scale 28 nm ASICs? (with multiple masks, using traditional process)
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Puppet
Legendary
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Activity: 980
Merit: 1040
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October 10, 2013, 08:44:50 AM |
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>But the downside is that its way more expensive to produce as traditional asics per unit.
How much more expensive ? No one will tell you without signing an NDA. This may give an indication though:  Thats for an older nextreme process, but the same principles apply. NOw you have to realize the variable production cost for a traditional asic is extremely low. Think $30 for hashfasts chip, so even if nextreme3 is say 10x more expensive per chip at relatively low volumes, thats still a good deal for now. But it wont be in a year. What is the expected performance advantage of full-scale 28 nm ASICs? (with multiple masks, using traditional process) As above, without signing an NDA, I doubt easic will tell you. Im guessing on the order of a factor 2x or so. |
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thefunkybits
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Activity: 1218
Merit: 1000
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October 10, 2013, 03:51:18 PM
Last edit: October 10, 2013, 04:14:50 PM by thefunkybits |
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Is an alternative to Bitfunder going to happen before the November 1st deadline?
Will shares be able to transferred elsewhere after NOV. 1 if not?
I'm not a citizen of the US but I'd rather not give out all my info to Weexchange...
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Nootnewbie
Member
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Activity: 63
Merit: 10
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October 10, 2013, 03:57:55 PM |
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Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
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thefunkybits
Legendary
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Activity: 1218
Merit: 1000
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October 10, 2013, 04:15:47 PM |
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Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else |
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ishkur
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October 10, 2013, 04:26:07 PM |
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Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else You still need to be 100% verified with we exhcange providing documentation outside the usa |
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thefunkybits
Legendary
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Activity: 1218
Merit: 1000
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October 10, 2013, 04:28:37 PM |
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Is there any way to buy shares of ActiveMining right now if you're in the US? I want some of these cheap shares!
use a proxy to make it look like your IP is coming from somewhere else You still need to be 100% verified with we exhcange providing documentation outside the usa Im sure there will be an alternative if you hold your shares....who the hell is going to send all their info to weexchange?? A new exchange will open and Bitfunder will die. |
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Stuartuk
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October 10, 2013, 04:35:36 PM |
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It's premature right now as a new format/holding place for the shares is in the works but if we do get close to the Nov 1st deadline with no alternative and US holders are worried their only option is to sell-out I will also offer to store any US based shareholders ACtM shares/other shares. I'm sure there are enough trustworthy people on here who can do the same, we can publicly declare the holdings on here so there are no arguments. Not sure about the legal side of holding shares for US investors, would only do it if that aspect was not an issue.
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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October 10, 2013, 04:53:10 PM |
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It's premature right now as a new format/holding place for the shares is in the works but if we do get close to the Nov 1st deadline with no alternative and US holders are worried their only option is to sell-out I will also offer to store any US based shareholders ACtM shares/other shares. I'm sure there are enough trustworthy people on here who can do the same, we can publicly declare the holdings on here so there are no arguments. Not sure about the legal side of holding shares for US investors, would only do it if that aspect was not an issue.
There are plenty of options on the table - last resort being direct shares. Nobody will have to hold anyone else's shares. |
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Stuartuk
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October 10, 2013, 05:00:51 PM |
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There are plenty of options on the table - last resort being direct shares. Nobody will have to hold anyone else's shares.
I know there are options - but the deadline is 20 days away. You are right it's unlikely (hopefully) that we will need to do this but I'm saying people do not need to worry or sell as there is this option as a stop gap. By offering this we can make sure no US holder needs to exit this stock for fear of being frozen out. |
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