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

[GTR_JOEY]

i think you will be taking advantage if you hold for a bit

[wasubii]

I am sure i am not the only one who is not interested in trading at the moment (i want the dividends) - although I understand those of you who do want to trade.

But if the cost of listing on yet another temporary exchange is Ken spending his time transferring shares etc then i do not think it is in the best interest of the company. I would prefer him to spend his time getting everything prepared for a mass ASIC deployment.

And those of you who want to see a huge upswing in share price, don't you think it would be an even higher swing if we had our farm deployed BEFORE listing on an exchange? Imagine the hype as the bell sounds and trading begins when everyone knows what is up for grabs and what the future holds!?

Just my two satoshis

[drawingthesun]

I am sure i am not the only one who is not interested in trading at the moment (i want the dividends) - although I understand those of you who do want to trade.

But if the cost of listing on yet another temporary exchange is Ken spending his time transferring shares etc then i do not think it is in the best interest of the company. I would prefer him to spend his time getting everything prepared for a mass ASIC deployment.

And those of you who want to see a huge upswing in share price, don't you think it would be an even higher swing if we had our farm deployed BEFORE listing on an exchange? Imagine the hype as the bell sounds and trading begins when everyone knows what is up for grabs and what the future holds!?

Just my two satoshis

Yeah this is true.

[snowdropfore]

i think you are too optimistic ，ken still say nothing about the prototype chips。

[zumzero]

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

x3

Will you get a grip man!

[Subcide]

I'd prefer Ken focus on ensuring we have a product to sell next month, and hire someone else to handle the exchange/shares stuff.

Also, don't worry about the insane price rise.  It'll correct soon.

[karsy]

i think you are too optimistic ，ken still say nothing about the prototype chips。

He is not allowed to.

[kleeck]

i think you are too optimistic ，ken still say nothing about the prototype chips。

He is not allowed to.

So in 5 years, when there is still no "Fast Hash Lightnin Money Makin Machinery", is he still going to hide behind the NDA?

I believe the "Fast Hash Lightnin Money Makin Machinery" model was discontinued.

[canth]

i think you are too optimistic ，ken still say nothing about the prototype chips。

He is not allowed to.

So in 5 years, when there is still no "Fast Hash Lightnin Money Makin Machinery", is he still going to hide behind the NDA?

5 weeks would be more like it

[st4nl3y]

I can't remember when I last received any divs? If I can recall my last received dividends was when BTCT was still operational, I had my public address set up but never received anything. Also I am thinking about selling my shares but where and how?

[minerpart]

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.

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

Today, the mass middle class – with annual household incomes of between $9,000 and $16,000 – are dominant, accounting for 54 percent of all urban households; upper middle-class households, with incomes of $16,000 to $34,000, represent only 14 percent.

http://thediplomat.com/pacific-money/2013/05/30/half-a-billion-chinas-middle-class-consumers/

So it's you who has made the stupid comment I'm afraid. You are mixing in the earning of the rural poor with the urbanites which is very clearly what the topic of my post was. Infact the middle classes in China buy significantly more flat screen TV's and Laptops than everyone in the US.

[canth]

Isn't the 20TH/S supposed to be up by now?  From now on I will refer to Activemining as LabKen...

If you want to call something late, then do so - there's no need to associate ActM with LC. At the very least, you've had phone calls with Ken - you can't say the same about Fabrizio or Samuel Noi or Armando or whoever is running the Labcoin 'operation'.

[bitwhizz]

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.

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

Today, the mass middle class – with annual household incomes of between $9,000 and $16,000 – are dominant, accounting for 54 percent of all urban households; upper middle-class households, with incomes of $16,000 to $34,000, represent only 14 percent.

http://thediplomat.com/pacific-money/2013/05/30/half-a-billion-chinas-middle-class-consumers/

So it's you who has made the stupid comment I'm afraid. You are mixing in the earning of the rural poor with the urbanites which is very clearly what the topic of my post was. Infact the middle classes in China buy significantly more flat screen TV's and Laptops than everyone in the US.

According to the World Bank, "In 2012, China’s gross national income per capita of $6,091 ranked 90th in the world."  Looking at urban households is like looking at the incomes of people who live in penthouses -- not representative of the population as a whole

thank you crumbs !!!!

and yes minerpart.... while we are hoping one in ten of them put 2k into bitcoin, theirs no reason we shouldn;t go further,  why not one in ten in the world? seems just as sane, why not have one currency in the world called bitcoin and everything else can be obsolete? then the price of one bitcoins will cost 'one billion dollars' muahahahaha, your comment was generally retarded

[Effayy]

Isn't the 20TH/S supposed to be up by now?  From now on I will refer to Activemining as LabKen...

If you want to call something late, then do so - there's no need to associate ActM with LC. At the very least, you've had phone calls with Ken - you can't say the same about Fabrizio or Samuel Noi or Armando or whoever is running the Labcoin 'operation'.

I agree with this. Although Ken may be tight-lipped on his operations and stage of development, he has always been out in the open and accessible. Comparing him to a (practically confirmed) scam is offensive.

Regardless of your opinion on how he is running his operation, I think we can all agree that it's not a scam.

[minerpart]

why are Chinese billionaires more likely to invest in BTC than any other nation?

China is embracing BTC like no other country. The government have all but backed it. The 'Chinese ebay' is accepting BTC for some sellers. The Chinese are huge savers. China has the largest BTC exchange in the world. The Chinese economy is awash with 'new money' held by young forward thinking Billionaires who are more likely to trust crypto-currencies than old-school Western money that is more traditional in it's investment choice. That is only a short list, why are you so dismissive?

[minerpart]

thank you crumbs !!!!

Quoting income per capita in a country of extremes of income, from extremely poor farmers to a middle class of hundreds of millions is not valid I'm afraid.

[bitwhizz]

thank you crumbs !!!!

Quoting income per capita in a country of extremes of income, from extremely poor farmers to a middle class of hundreds of millions is not valid I'm afraid.

actually my guestimate of $1500, if probably alot closer to the average chinese wage than what the middle cass earn, so infact i would win this argument over you, if you want to talk about extremes

[minerpart]

No problem, you win, have a good day.

[drawingthesun]

Why are we talking about China again?

[minerpart]

Don't know, but putting up a chart that runs to around the year 2000 (14years old) is not exactly scientific. Don't let the truth get in the way of your argument. lol