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

[shrodes]

https://www.btcguild.com/index.php?page=rankings&section=teams

Team AMC is currently ranked at #20 in blocks found.  Does this mean anything?  Change from before?

Have now dropped to #24.

[bitwhizz]

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much

[knybe]

so was the big announcement for a november a 1mil sale? I can't remember what's what anymore.

[wasubii]

I refer you to the following:

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

There are 4 times as many billionaires in the US than in China.

why are Chinese billionaires more likely to invest in BTC than any other nation? What do you base that wildly speculative premise on?

Bitwhiz,

Although the average wage in China may be low, there are many very wealthy people in that country.
I refer you to the following:

http://www.mckinsey.com/insights/marketing_sales/understanding_chinas_wealthy
http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/

I could provide more links proving that there are MANY VERY wealthy people in China.

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much

[knybe]

I refer you to the following:

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

There are 4 times as many billionaires in the US than in China.

why are Chinese billionaires more likely to invest in BTC than any other nation? What do you base that wildly speculative premise on?

Bitwhiz,

Although the average wage in China may be low, there are many very wealthy people in that country.
I refer you to the following:

http://www.mckinsey.com/insights/marketing_sales/understanding_chinas_wealthy
http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/

I could provide more links proving that there are MANY VERY wealthy people in China.

No further action required right now. Take a screen shot of your transactions page.

There are 500mill middle class in China. If one in ten of them (every fifth couple) put 2k into btc that would push up market cap by 100billion.

That would be about 10k a bitcoin?

this is stupid comment, considering the yearly wage in china is probably like 1500 dollars, so no you won;t get even guy in china  investing that much

off topic? anyone?

please don't go on for three pages about Chinese riches. please?

[chairforce1]

so was the big announcement for a november a 1mil sale? I can't remember what's what anymore.

No, he most likely was not able to tell the future when Novermber 15th was originally chosen. In the below quote he seems to be mentioning this sale in real time.

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

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

_______________________________________________________________________________ ______

Below is the mentioning of the November 15th announcement.

VMC Sales:

3rd Quarter 2013           $1,404,217

October 2013                   $520,898

Total Sales YTD             $1,925,115

Thank you.
Are you going to publish the full picture (balance sheet, CF and PL statements) on 15th, as promised?

Yes, we are working on it.

_______________________________________________________________________________ _____

Below is a short exchange between Ken and me a little while ago, these question could be or could not be answer Friday.

Ken,
I may be repeating old questions that I forgot were answered but:


1) Were sales from previous months converted to BTC or kept in USD?



2) If everything goes well, will the accumulated profits from pre-sales in Sept-Nov be delivered in one large dividend or increments over time?



3) If, whatever likely or unlikely reason, ActM/VMC fails to deliver/mine/accrue profits is there a reserve of cash to attempt to reimburse shareholders for the loss?


Thanks

Very good questions, I will keep these questions and answer them in an announcement.

[drawingthesun]

Like I have said many times, if Ken can deliver 6x24TH/s machines then we have no problems as this means he can get us to 3% of the network. The sooner the better of course.

Also can we stop talking about price of a bitcoin in this thread? This thread is all about getting our bitcoin back, in bitcoin amounts. I don't care so much about future price if we never get the bitcoin we invested back.

Come on Ken, get us 100TH/s online!

[bitwhizz]

Like I have said many times, if Ken can deliver 6x24TH/s machines then we have no problems as this means he can get us to 3% of the network. The sooner the better of course.

Also can we stop talking about price of a bitcoin in this thread? This thread is all about getting our bitcoin back, in bitcoin amounts. I don't care so much about future price if we never get the bitcoin we invested back.

Come on Ken, get us 100TH/s online!

+1

[drawingthesun]

Well we are half way through November and we are under 2TH/s.

I wonder what's going on? Is the low production run behind schedule? Will the low production run even produce enough chips for one 24TH/s miner? Being in the dark as Bitcoin rises to $1,000 is stressing me out.

[somestranger]

Well we are half way through November and we are under 2TH/s.

I wonder what's going on? Is the low production run behind schedule? Will the low production run even produce enough chips for one 24TH/s miner? Being in the dark as Bitcoin rises to $1,000 is stressing me out.

Go outside and stop worrying so much.

[coinfresh]

Well we are half way through November and we are under 2TH/s.

I wonder what's going on? Is the low production run behind schedule? Will the low production run even produce enough chips for one 24TH/s miner? Being in the dark as Bitcoin rises to $1,000 is stressing me out.

Go outside and stop worrying so much.

x2

[drawingthesun]

796.com looks like a good exchange. Ken any chance this can be where the main pass through lives?

[thefunkybits]

So did Ken ever confirm if this $1 Mil sale was actually paid for or not?

[drawingthesun]

So did Ken ever confirm if this $1 Mil sale was actually paid for or not?

Ken made no confirmation. The really important thing is getting our miners up and running. I am sure if we get many TH/s online then people will start buying miners from us.

[Vigil]

So did Ken ever confirm if this $1 Mil sale was actually paid for or not?

Ken made no confirmation. The really important thing is getting our miners up and running. I am sure if we get many TH/s online then people will start buying miners from us.

I don't think eASIC would have made that press release if the payment was not completed.

[drawingthesun]

So did Ken ever confirm if this $1 Mil sale was actually paid for or not?

Ken made no confirmation. The really important thing is getting our miners up and running. I am sure if we get many TH/s online then people will start buying miners from us.

I don't think eASIC would have made that press release if the payment was not completed.

We are not talking about eASIC, but about a recent million dollar order for our 24TH/s miners. Nothing about eASIC at all.

[drawingthesun]

I was thinking, especially as there is going to be a lot of share price action over the next month, could we transfer our shares to https://cryptostocks.com for the time being until a better long term solution is found? At least this will allow us to price the stock and trade it.

[bitmoon]

I was thinking, especially as there is going to be a lot of share price action over the next month, could we transfer our shares to https://cryptostocks.com for the time being until a better long term solution is found? At least this will allow us to price the stock and trade it.

not nice, and i dont like the fee for withdraw

edit: lol i just looked at crypto, funny and messy pricing.

[drawingthesun]

I was thinking, especially as there is going to be a lot of share price action over the next month, could we transfer our shares to https://cryptostocks.com for the time being until a better long term solution is found? At least this will allow us to price the stock and trade it.

not nice, and i dont like the fee for withdraw

Damn $2 to withdraw! I did not see that!

What are they thinking, that is 50x the standard Bitcoin transaction fee.

However do we have anyother way to take advantage of good news at the moment?

[bitmoon]

I was thinking, especially as there is going to be a lot of share price action over the next month, could we transfer our shares to https://cryptostocks.com for the time being until a better long term solution is found? At least this will allow us to price the stock and trade it.

not nice, and i dont like the fee for withdraw

Damn $2 to withdraw! I did not see that!

What are they thinking, that is 50x the standard Bitcoin transaction fee.

However do we have anyother way to take advantage of good news at the moment?

erm , either ken try and find a way on havelock, or 796.

but you can still buy at bitfunder, still some time left i believe, not sure if they base there time on there server or UTC

edit: most likely on 796, only option, if havelock dont like more PT, but no need hurry, what good news you basing at?