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

[VolanicEruptor]

minerpart, does the report show how much money is left in USD and Bitcoin?

How much money is available to buy the main batch when its ready?

I am going to take a guess and say that the money to buy the first batch and maybe the second batch will be apart of the "Active Mining Corporation" report due at the end of November.

I am also guessing that the companies current Bitcoin balance will be on that report too? Are we not sitting on several thousand Bitcoin?

Also I hope we have 50TH/s+ by the time this next report at the end of November comes out. I can't imagine sitting on 1TH/s in December.

The report says the bitcoin was converted.  no btc was saved as it needed to be turned to fiat to be useful.  
we are not sitting on several thousand btc lol

[drawingthesun]

The report says the bitcoin was converted.  no btc was saved as it needed to be turned to fiat to be useful.  
we are not sitting on several thousand btc lol

The report does not say the avalon refund or IPO Bitcoins were converted, just the sales were converted.

I am sure a Bitcoin account can be held and still be useful, Ken can convert Bitcoin into fiat as needed. I really thought ActiveMining had a store of Bitcoin.

So all we really have is a grand total of $150,000? Thats not going to be enough for even one batch...

I thought the IPO funds were enough to cover the first batch expenses.

[minerpart]

VE- you don't even know what the term 'liabilities' represents, maybe you should leave the accounts analysis to someone else?

'lol'

[minerpart]

minerpart, does the report show how much money is left in USD and Bitcoin?

How much money is available to buy the main batch when its ready?

I think IPO funds went to eASIC didn't they?

DTS you need to remember these accounts are already 6 weeks give or take old. We have had significant online sales since then. Including a 1Mill USD order, which I'm not sure was or wasn't genuine.

[drawingthesun]

minerpart, does the report show how much money is left in USD and Bitcoin?

How much money is available to buy the main batch when its ready?

I think IPO funds went to eASIC didn't they?

DTS you need to remember these accounts are already 6 weeks give or take old. We have had significant online sales since then. Including a 1Mill USD order, which I'm not sure was or wasn't genuine.

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

[Puppet]

These accounts are very reassuring for at least 4 main reasons:

There are some entries that raise my eyebrows though

Computer and Internet Expenses 26,973
Travel Expense 12,939

Who is travelling where for that kind of money?

Also if  $25K was spent on advertising, Ive not seen a lot of that yet.

BTW Ken, at least put the currency somewhere on your reports. Im going to assume its US dollar, and not Belizian dollar (or BTC), but we shouldnt have to guess.

[minerpart]

I know there are at LEAST a few shareholders who recall this.  Maybe it wasn't 20, but I can't remember the exact amount because Ken deleted his own post.. pathetic

Another thing VE was wrong on today.

It was Bargraphics that mentioned the 25TH/s. Maybe VE you should post a bit less - or atleast think a bit before you embarrass yourself yet another time.


'lol'

[minerpart]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

[drawingthesun]

... Including a 1Mill USD order, which I'm not sure was or wasn't genuine.

The hallmark of accounting awesomeness!

Crumbs, its not even on the report it was just a thing Ken said in the thread. Jeez talk about blowing things out of proportion!

EDIT: We would see on the next report if Ken actually took money or not, but regardless we should see hashing way before the next quarterly report!

Crumbs, you might want to buy in now...

[VolanicEruptor]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat.  Labken has already referred to the conversion process before as a "long and painful process".  A good assumption: any BTC that was ever sent to him has already been converted.  If there was any BTC left over then it should be in the report, but it's not. 

[Bargraphics]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat.  Labken has already referred to the conversion process before as a "long and painful process".  A good assumption: any BTC that was ever sent to him has already been converted.  If there was any BTC left over then it should be in the report, but it's not. 

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

[kleeck]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat.  Labken has already referred to the conversion process before as a "long and painful process".  A good assumption: any BTC that was ever sent to him has already been converted.  If there was any BTC left over then it should be in the report, but it's not.  

The "long and painful process" was for the NRE payment, which eASIC took in fiat, thus requiring Ken to convert.

There is certainly BTC in the ActM accounts which will be reflected in the ActM report, this is the VMC report. VMC will only have BTC if someone has paid for a miner in BTC. Once we see what ActM is holding, on Nov. 30th, we'll be able to see the complete financial picture.

[VolanicEruptor]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat.  Labken has already referred to the conversion process before as a "long and painful process".  A good assumption: any BTC that was ever sent to him has already been converted.  If there was any BTC left over then it should be in the report, but it's not. 

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

This is now.  That was then.  You think he held onto some BTC knowing that coinbase would eventually help him many months later?  That makes no sense.  Nobody knew to hold onto BTC either because nobody knew it would quadruple in price.

[Bargraphics]

So no IPO funds were required for the first batch and all the other components needed to make the miners?

So the IPO money was for a chip design and that was all? Damn.

Well we don't know the specifics due to eASIC's NDA. We don't even know exactly how much was raised (FIAT) from the IPO. Don't get so worried, we have plenty of funds.

and nobody in their right mind would wait until they are ready to buy first batch chips, and THEN convert to fiat.  Labken has already referred to the conversion process before as a "long and painful process".  A good assumption: any BTC that was ever sent to him has already been converted.  If there was any BTC left over then it should be in the report, but it's not.  

You can get a preferred account on coinbase for a daily sell limit of 500 BTC. Receive the money 2 days after. It's not a very long and painful process anymore.

This is now.  That was then.  You think he held onto some BTC knowing that coinbase would eventually help him many months later?  That makes no sense.  Nobody knew to hold onto BTC either because nobody knew it would quadruple in price.

Let me help you navigate my response.

When he takes in BTC NOW from Sales it can be converted easily. That is all, if you read into this anymore especially with your shitty attitude all you would be doing is assuming and would be wrong.

The reports show he has cash to spend on the large batch purchase so why would he even need to convert BTC now?

INB4 "Liabilities and can't spend etc...." right, and this has stopped any company ever from doing so.

[minerpart]

re - coinbase

That's the THIRD time today you have been majorly wrong VE. Time to give it a rest? Or  is your ego too big to admit you are talking shit?

'lol'

[drawingthesun]

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

|who	|amount	|price	|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

[minerpart]

Bar graphics, don't talk to or quote the Troll, it just encourages him.

[Sou]

Bar graphics, don't talk to or quote the Troll, it just encourages him.

You mean like you're doing?

[drawingthesun]

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

|who	|amount	|price	|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

Drawingthsun, you should snap up them cheap eikzbtc shares, and resell them at ur price.  PROFIT!

Like I said earlier, I need cash at the moment and can't afford to buy more ActiveMining shares.

[kleeck]

I am bumping up our trade table. Now Ken does not want to waste time dealing with share transfers so unfortunately you can't buy fractions of the amounts offered.

I am sure Ken will be ok with single large transfers.

Currently Eikzbtc has the best offer.

|who	|amount	|price	|price per share
LorenzoMoney	169,000	1014	0.006
drawingthesun	114,425	500	0.004369
eikzbtc	18,500	60	0.003243

Drawingthsun, you should snap up them cheap eikzbtc shares, and resell them at ur price.  PROFIT!

Like I said earlier, I need cash at the moment and can't afford to buy more ActiveMining shares.

Would you consider setting up a different thread for your table and share auction?

Thanks!