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

[drawingthesun]

Considering I need the cash I am open to selling my shares.

114,425 shares for 500 btc.

This is my breakeven point.

PM me if your interested.

[zefyr0s]

Also, since when were pre-order sales counted as LIABILITIES?  Ken, have you taken an accounting course or are you just completely full of retarded  bullshit?  

Depends on whether or not they were paid for or not but:

Prepaid Income Prepaid income is revenue received in advance but which is not yet earned. Income must be recorded in the accounting period in which it is earned. Therefore, prepaid income must be not be shown as income in the accounting period in which it is received but instead it must be presented as such in the subsequent accounting periods in which the services or obligations in respect of the prepaid income have been performed. Entity should therefore recognize a liability in respect of income it has received in advance until such time as the obligations or services that are due on its part in relation to the prepaid income have been performed. Following accounting entry is required to account for the prepaid income: - See more at: http://accounting-simplified.com/prepaid-income.html#sthash.Gr9wzGpt.dpuf

[zefyr0s]

Also: Good to see we'll get to at least .0035~.0045 before gigantic walls. Something to look forward to I guess?

[VolanicEruptor]

Also, since when were pre-order sales counted as LIABILITIES?  Ken, have you taken an accounting course or are you just completely full of retarded  bullshit?  

Depends on whether or not they were paid for or not but:

Prepaid Income Prepaid income is revenue received in advance but which is not yet earned. Income must be recorded in the accounting period in which it is earned. Therefore, prepaid income must be not be shown as income in the accounting period in which it is received but instead it must be presented as such in the subsequent accounting periods in which the services or obligations in respect of the prepaid income have been performed. Entity should therefore recognize a liability in respect of income it has received in advance until such time as the obligations or services that are due on its part in relation to the prepaid income have been performed. Following accounting entry is required to account for the prepaid income: - See more at: http://accounting-simplified.com/prepaid-income.html#sthash.Gr9wzGpt.dpuf

Makes sense.  My bad.  I am still concerned that Ken deleted his own promise, however.

[VolanicEruptor]

Also: Good to see we'll get to at least .0035~.0045 before gigantic walls. Something to look forward to I guess?

What are you looking at, exactly?  Please don't tell me cryptostocks

[zefyr0s]

if drawingthesun and lorenzo aren't able to find buyers for their shares, they'll have to do so when we have a trading solution some time in the future.

[VolanicEruptor]

Oh, your basing the share price on their outrageous asking prices.  LOL
I can do that too.. my 50,000 shares I have left are for sale for 10,000BTC!!!!

[zefyr0s]

Ridiculous compared to the price we left btct at and what bitfunder was before that and after, yeah. But not for them obviously. Also, that's a lot of shares that likely wouldn't end up on an exchange at a low price anyways, they'd just hold it.

e: I suppose if it's nothing more than play money for them, then 3 times the BTC wouldn't matter.

[JoTheKhan]

Quick question, so we have paid $674 under "Cost of Goods Sold" > "Freight and shipping costs". Does that mean we started shipping some product or are these other shipping expenses?

[neilol]

Company 3rd Quarter Reports

Thank you for these - some revealing info here, which looks mostly positive so far

[VolanicEruptor]

Quick question, so we have paid $674 under "Cost of Goods Sold" > "Freight and shipping costs". Does that mean we started shipping some product or are these other shipping expenses?

That would be the cost of shipping IN the tower cases and whatever else needed for the building.. Obviously no customers have received anything yet, as we are still waiting for overdue sample chips

[snowdropfore]

when the BF shut down ,the share price is 0.0006. and now you guys made a sell at 0.004~~0.006,and i miss something???

[VolanicEruptor]

when the BF shut down ,the share price is 0.0006. and now you guys made a sell at 0.004~~0.006,and i miss something???

The sale was never made, it was a pathetic attempt to pump the value.  
"I refuse to part with my toaster for less than 50BTC"

[drawingthesun]

when the BF shut down ,the share price is 0.0006. and now you guys made a sell at 0.004~~0.006,and i miss something???

The last trades on BF were 0.0015

My ask price is very expensive if ActiveMining does not hash, and if we do hash and gain 2%-5% of the network then my price is actually cheap.

If we get on an exchange before we are hashing then you can probably buy shares around 0.0005 and 0.002. However if we are hashing before we get on an exchange its likely my price will be quite low in comparison.

It all depends on one thing: will Ken deliver and gets us hashing? If you don't beleive we will you should've sold a long time ago.

[snowdropfore]

so buying your share is gambling？？

[drawingthesun]

so buying your share is gambling？？

I guess so, if Ken delivers the miners and we gain 2%-4% of the network the share price should reach an all time high, far higher than my price. If Ken fails then the shares are worth 0. In this respect all shares are a gamble.

Its actually really hard to be a true "investor" even in the real stock market. So many companies are tight lipped about their direction and future performance that it almost becomes a gamble. Look at Apple investors at the ATH they had for example.

[MilkyWayMasta]

With all this talk about a blacklist, do you guys see a future where "clean" Bitcoin are more valuable and therefore mining hardware becomes more popular because mining is the only way to get "clean" Bitcoin (no previous outputs)?? Do you think this should be advertised by mining companies?

[drawingthesun]

With all this talk about a blacklist, do you guys see a future where "clean" Bitcoin are more valuable and therefore mining hardware becomes more popular because mining is the only way to get "clean" Bitcoin (no previous outputs)?? Do you think this should be advertised by mining companies?

The idea of blacklists infuriates me. This is not so much because people are doing it, that will happen, but instead because it seems the foundation and a few core developers are behind the idea.

Remember that mined coins could be added to such a blacklist. The government might require all mined coins to go to an identified address (with Kens name on for example) and thus become clean, anyone mining coins and not submitting to the identification requirements will automatically be blacklisted.

So no, mining companies will not be a solution to the blacklist.

[somestranger]

With all this talk about a blacklist, do you guys see a future where "clean" Bitcoin are more valuable and therefore mining hardware becomes more popular because mining is the only way to get "clean" Bitcoin (no previous outputs)?? Do you think this should be advertised by mining companies?

The community is up in arms about this blacklist bullshit and I do not see it ever having a significant impact because the vast majority will ignore it.

[Vigil]

With all this talk about a blacklist, do you guys see a future where "clean" Bitcoin are more valuable and therefore mining hardware becomes more popular because mining is the only way to get "clean" Bitcoin (no previous outputs)?? Do you think this should be advertised by mining companies?

The community is up in arms about this blacklist bullshit and I do not see it ever having a significant impact because the vast majority will ignore it.

The masses won't if it means not being able to use Amazon.