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

[eikzbtc]

I think its better reinvest 100% until we sit at 10% .

50% is fine, no need for 100%

Just imagine it takes 8 months at 100% reinvested to get to 10% and then another competitor comes out and delays our 10% goal even more. Also many of us might need access to liquid Bitcoin and the dividend gives us that.

Ok not 10% , but maybe 5-8% , We can speed up a lot if we reinvest 100% at first and also we get better equipment price  if we go high volume , so cheaper price , more sales , more income.

[Bargraphics]

I think its better reinvest 100% until we sit at 10% .

50% is fine, no need for 100%

Just imagine it takes 8 months at 100% reinvested to get to 10% and then another competitor comes out and delays our 10% goal even more. Also many of us might need access to liquid Bitcoin and the dividend gives us that.

Ok not 10% , but maybe 5-8% , We can speed up a lot if we reinvest 100% at first and also we get better equipment price  if we go high volume , so cheaper price , more sales , more income.

Volume doesn't get you that much cheaper, margins like this wouldn't be needed until very high difficulty.

If the company has working chips and they have to reinvest 100% to catch up or hold a decent percentage of the network we have bigger issues. With even 50% they should be able to raise/maintain their percentage for a long time. (If they have working chips)

[VinceSamios]

Ken - the VMC website says "Shipping Starts November 2013" - Is this still the case? Can you please provide an update on this?

Thanks.

[finlof]

Ken - I've don't remember seeing any discussion about investing any resources into a more efficient and faster chip for the future.  any thought or plan on this?

[wonker]

Ken - the VMC website says "Shipping Starts November 2013" - Is this still the case? Can you please provide an update on this?

Thanks.

[VinceSamios]

Quoting is the new retweet.... or retweet was the new quoting... I haven't figured it out yet.

[adameb]

VMC Sales:

3rd Quarter 2013           $1,404,217

October 2013                   $520,898

Total Sales YTD             $1,925,115

Dunno if this was covered, but do any of these sales figures include internal sales, or sales to any VMC related companies (I'm not sure what entities remain from the confusion of the original structure).

Basically I just want to know if any of these sales were to ourselves, from money raised in the IPO (or mining).  I'm not sure how we're going to represent the gear we build for mining as opposed to that for external customer sales.

[drawingthesun]

I wonder what Ken is going to do when customers start bitching about a missed shipping deadline.. I bet he thinks "if BFL got away with it, I will too", and is already kickin back his feet without a care in the world. 

First of all every customer has their own deadline when they ordered. Not every customer is expecting their hardware in November.

Anyway I am sure Ken has everything under control.

[SebastianJu]

I wonder what Ken is going to do when customers start bitching about a missed shipping deadline.. I bet he thinks "if BFL got away with it, I will too", and is already kickin back his feet without a care in the world. 

First of all every customer has their own deadline when they ordered. Not every customer is expecting their hardware in November.

Anyway I am sure Ken has everything under control.

Have you ever talked to him on the phone?  I have.. he sounds like a complete fucking moron who doesn't have a clue what he's doing.  Don't take my word for it though.. call him and find out for yourself. 

I dont know ken but how far goes the involvement of eAsic in there? Include it the creation of the miner, hosting and so on? If not ken should be able to speak about these parts since its not under NDA.

[ColdCrypto]

We know that sometime after the ipo to raise the nre funds that the feds decended on the exchanges.
Ken has said that he needed to provide his info to ukyo and was under the impression that they were going to be sent to the SEC
Ken probably spoke to a lawyer
Any lawer worth a damn will tell their client to stfu immediately
I would like to think that this is why we have only been getting single sentance information from Ken.

[ColdCrypto]

How many chips are on a wafer? What should a wafer cost?
What supporting components do the chips need? How hard are they to get? What do they cost?
How hard is it to design something where all the parts play well together?
Do places exist where you can outsource the design and assembly of these supporting components?
Can we reasonably expect that Ken has both the funds and competency to place the calls and get this shit contracted?

I sort of worked how many chips would be need to gain 3% of the network. 3% of the network is my happy figure because it would bring in 0.0039 btc per share/year and on an open market the shares would be valued around 0.0025 - 0.006 if this was the case (And inside that margin exists my break even point)

To gain 3% of the network I assume we need 19,000 chips hashing at 16GH/s per chip. This results in 300TH/s which will for a short time be 3% of the network. If Ken can reinvest 50% and eASIC allows for a quick turnaround for new chips I see no reason 3% cannot be maintained.

What does everyone think about this?

[ColdCrypto]

Actually my position on ActM is opposite what you think. That last line was sort of tounge in cheek.
I do believe ken has the funds (we gave it to him) and the ability to contract (easic)
I bought in at ipo thinking if this was a success that .01 per would be a nice exit. Even with everything going on lately I still think we can see .0055 again. People in here troll and fight but when it comes down to it money talks. Even if Ken himself isnt that sharp, as some in here like to imply, he should be able to hire people capable of getting it done.

[ChronoX5]

VMC Sales:

3rd Quarter 2013           $1,404,217

October 2013                   $520,898

Total Sales YTD             $1,925,115

Dunno if this was covered, but do any of these sales figures include internal sales, or sales to any VMC related companies (I'm not sure what entities remain from the confusion of the original structure).

Basically I just want to know if any of these sales were to ourselves, from money raised in the IPO (or mining).  I'm not sure how we're going to represent the gear we build for mining as opposed to that for external customer sales.

Now that's a great question I'd like to see answered too.

[knybe]

Takes exactly five days for the "Question and No Answer" session to start up again…

Y'all are still barking questions that ain't gonna be answered. Just kick back and trust that it will all go to plan geez.

[finlof]

when ken spends time to delete posts and doesnt spend time to make a post then that reduces confidence and feeds trolls.

[kslaughter]

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.

[Bargraphics]

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.

Great news,

What was the estimated delivery time of this?

[neilol]

A wild Ken appears

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.

Looks good

[minerpart]

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.

Superb. That is a serious order. If we are confident of getting this to the customer in good time then we should be looking good on the mining farm too. Good work Ken.

[JoTheKhan]

$933,592.80 Sale Today.  Looks like a good sale.

6 24.576 TH/s Fash-Hash One Platinum machines.

Great news,

What was the estimated delivery time of this?