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

[drawingthesun]

Any cool updates? I figure the first batch will give us 20TH/s, anyone think thats off?

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[zumzero]

Awesome, thanks mate

Also, when Ken manually  transferred shares from btct.co (when it went down) to Bitfunder,  numerous people were continuing to buy up shares and sending Ken multiple tender requests from the same account.  It adds to Ken's workload so I'd keep it to a minimum if possible.

[Stuartuk]

Yes multiple tenders is taking the Mick there are way too many already don't double the guys workload.

[kslaughter]

I've read through most of this thread and forgive me if this question has already been answered..

Ken said that he would like the actM shares transferrd to amc-tender before the 14th

Is possibly to make more than 1 transfer to amc-tender using the same address and details as I've acquired more shares?

Cheers

A few people have asked this but no response as of yet.

Yes, you can make more that one transfer.

[LorenzoMoney]

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/


Also, Luke and his crew does a very good job of maintaining the site.




Lorenzo Money

[Bargraphics]

Ken,

Just a suggestion. Previously, you had used BTCGuild for mining.
Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.

Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.

http://eligius.st/~gateway/


Also, Luke and his crew does a very good job of maintaining the site.




Lorenzo Money

BTCGuild has 3% fees
Eligius has 0%

Ken could be merged mining NMC does he do this currently (Although it would be next to nothing right now)

Eligius is ran by Wizkid057 and they are always helpful and online at Freenode #Eligius

[lammedraak]

6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa 

[deizel]

6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa 

Could have been 7.10123989691 BTC without the 3% pool fee

[drawingthesun]

6.88820270 BTC mining profits just added to http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa 

This is seriously cool.

[Ozymandias]

Which mining software do we plan on using for our chips? Do we plan on writing our own custom software or sending a few chips over ckolivas/kano's way to get us into cgminer?

[funkymunky]

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

[drawingthesun]

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

Plus the original 2.8 btc payment

That makes 9.6 btc

[auto2nr1]

Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.

My reading of that is that they are from the initial prototype chips.

Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027BTC

I hope this is the case. Let's hang on for some official news this next week or two.

[minerpart]

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before or after this reinvestment 50% has been taken off?

[Vigil]

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before of after this reinvestment 50% has been taken off?

I'd rather Ken keep all the BTC dividends until we see where this price goes and then sell and rebuy lower. Then pay the dividends.

[PurpleTentacle]

Such a shame about BF I could have bought a few more shares with the increased divs coming our way. I predict a surge in buying from the divs once we get live trading back.
Let's say it's another 2weeks before we get trading again- there would be about 30BTC in divs coming our way? That would be about 60k of shares being bought (at current prices if everyone reinvested).

BTW guys Ken is setting half the mining revenue aside for reinvestment as we know, so do we know if this 9.6BTC is before of after this reinvestment 50% has been taken off?

I'd rather Ken keep all the BTC dividends until we see where this price goes and then sell and rebuy lower. Then pay the dividends.

Yeah, because that always works. I don't want Ken to speculate with my divs.

[minerpart]

Sure that is possible, we discussed that on the thread recently. At 400USD per btc we are talking 12,000 USD over the next 2weeks. If Ken thinks we would be better over the medium term using the next months or so mining proceeds to reinvest I would be all for it.

But I would want to see a breakdown of why that would make our divs after that month of total reinvest substantively bigger than the agreed 50% reinvest. In other words I couldn't back a total reinvest without a clear explanation as to why its best for us and the company.

[Bargraphics]

I would like to see the current prospectus followed through before any changes were made, I don't even believe shareholders could vote to change the prospectus so it would be silly speculating if that is the case.

[minerpart]

We can't expect Ken to be a stockbroker. He would covert the btc as and when needed I'm sure.

For example if 30btc can get us two more top end miners that will mine us 90btc over their lifetime then thats the sort of business decision I would expect him to make. He has far too much to do already without sitting around watching the price of btc fall and rally.

[minerpart]

I would like to see the current prospectus followed through before any changes were made, I don't even believe shareholders could vote to change the prospectus so it would be silly speculating if that is the case.

The total percentage cost associated with reinvest are not defined in the IPO agreement. So Ken can reinvest 5% or 100% of mined revenue and we have no contractual say in that. But Ken is open and responsive enough to allow us input into these sort of decisions - the most recent example was the feelers he put out on here over the Avalon chip refund application. He went ahead only after consulting on the thread.

So we are consulted and everyone is free to voice their own views on this. But like I say Ken can chose whatever figure he thinks is best. At the moment he is saying that is 50% but he might want to go higher but won't incase investors are not happy. Ofcourse he might think 50% will be more than enough once we get hashing seriously.