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

[minerpart]

You hope that he is successful?

I hadn't thought of that.

[drawingthesun]

You hope that he is successful?

I hadn't thought of that.

Well all we can do is hope right? We have no evidence that we will ever get hundreds of TH/s and we can't even trade the shares for at least 2 weeks.

Hope is most certainly the operative word.

[finlof]

You hope that he is successful?

I hadn't thought of that.

Well all we can do is hope right? We have no evidence that we will ever get hundreds of TH/s and we can't even trade the shares for at least 2 weeks.

Hope is most certainly the operative word.

+1

[drawingthesun]

I am guessing by the lack of urgency in Ken's posts towards getting us trading again that we will not have much of a reason to trade in that time.

So no decent mining rate for the whole of November? If that is the case we can certainly say something has gone wrong. Even die hard fans must now admit that something went bad because this is way beyond any schedule.

My fear is that we will have less than 10TH/s when Bitcoin passes $1,000 making any chance of getting our Bitcoin back impossible.

[MilkyWayMasta]

If I were Ken, I would wait until there is some sort of Colored Coins implementation so there can be trading before releasing any big information, oh wait, it seems like that is what he is doing as he keeps reminding us of Colored Coins by posting developer updates.

[drawingthesun]

Sorry for being negative everyone. I just keep seeing the Bitcoin price rise and have major freak outs.



I will try to be more positive. I just really want to see some TH/s online.

[JoTheKhan]

I am guessing by the lack of urgency in Ken's posts towards getting us trading again that we will not have much of a reason to trade in that time.

So no decent mining rate for the whole of November? If that is the case we can certainly say something has gone wrong. Even die hard fans must now admit that something went bad because this is way beyond any schedule.

My fear is that we will have less than 10TH/s when Bitcoin passes $1,000 making any chance of getting our Bitcoin back impossible.

It seems Ken is ignoring all questions that have to do with the mining aspect of the company. Even when the shareholders inform him what they think is more important at the moment (Getting the mining situation up and running > getting a way for our shares to be tradeable) he seems to not understand.

I am a little confused, if Ken is waiting on colored coins then it seems there is NOTHING he can do at the moment to speed up the trading of shares so there seems to be no reason for him to even post about that. Why not talk about the mining aspect of the company or any other aspect of the company really.

If the company is not doing so well, then tell us. We have our god damn big boy pants on. All the people here want to know about the mining and the equipment and the expected growth for the rest of the year. So when Ken comes on here and post about these colored coins and stuff (That we can find for ourselves) its a huge slap in the face, especially when the entire thread page he is posting on is asking about the mining.

Ken, please. What is the expected hashrate by the end of November and by the end of the year?

When do you expect to receive the chips?

If you do not know the answer to these questions then please say you do not know, do not ignore them.

[VolanicEruptor]

I am guessing by the lack of urgency in Ken's posts towards getting us trading again that we will not have much of a reason to trade in that time.

So no decent mining rate for the whole of November? If that is the case we can certainly say something has gone wrong. Even die hard fans must now admit that something went bad because this is way beyond any schedule.

My fear is that we will have less than 10TH/s when Bitcoin passes $1,000 making any chance of getting our Bitcoin back impossible.

I would worry more about difficulty than the price of a bitcoin..

[drawingthesun]

If the company is not doing so well, then tell us. We have our god damn big boy pants on. All the people here want to know about the mining and the equipment and the expected growth for the rest of the year.

I have a feeling something went wrong with the chips, perhaps the supplied design is less efficient or does not hash at the right rate. Ken said earlier that mining from "other" sources would supply us up to 3TH/s and that expected time period is around about now.

I am 100% sure we are hashing under 1 TH/s at the current time. We all thought these "other" sources was the prototype miner, but Ken never pointed it at the same user account on btcguild meaning its unstable and prone to shutting down.

Anyway that is what I think might be going on but I am trying to be positive. Its just hard because there is not much to be positive about at the moment. The thing that made me smile was the potential TH/s but nothing seems to be moving.

I am going for a walk.

[4ju5tice]

Sorry for being negative everyone. I just keep seeing the Bitcoin price rise and have major freak outs.



I will try to be more positive. I just really want to see some TH/s online.

Just relax. You took a risk, and you have to accept the reasons you took that chance. Be patient, things will be okay or they won't, both outcomes are beyond your control. One positive note, the price rise has made mining much more profitable. People are going to start getting into mining again. They'll buy our machines, which we can use that USD to mine at a much more profitable rate. Then of the btc we mine, we will have half of it go to dividends, and the other half to go toward more mining.

I think things will be okay. If anything, the btc price rise has made active mining more likely to succeed. It increases mining profitability as well as public mining interest. We'll be selling a lot of mighty fine shovels and we'll be able to get our chips into large quantity production, making them extremely cheap. Which will great for us. Be patient, I know it sucks, but Ken is working.

[somestranger]

I am 100% sure we are hashing under 1 TH/s at the current time. We all thought these "other" sources was the prototype miner, but Ken never pointed it at the same user account on btcguild meaning its unstable and prone to shutting down.

Yes obviously that is the only possible explanation. Could you please stop dragging over your Labcoin sorrow into this thread?

[drawingthesun]

Yes obviously that is the only possible explanation. Could you please stop dragging over your Labcoin sorrow into this thread?

I got out of Labcoin with a decent profit a long time ago. I promise you I have no Labcoin sorrow.

[coinfresh]

Yes obviously that is the only possible explanation. Could you please stop dragging over your Labcoin sorrow into this thread?

I got out of Labcoin with a decent profit a long time ago. I promise you I have no Labcoin sorrow.

Then why are you so... whiny and negative about everything? Grow a pair and relax.

[drawingthesun]

Yes obviously that is the only possible explanation. Could you please stop dragging over your Labcoin sorrow into this thread?

I got out of Labcoin with a decent profit a long time ago. I promise you I have no Labcoin sorrow.

Then why are you so... whiny and negative about everything? Grow a pair and relax.

I put those profits and more into ActiveMining...

I will try to relax.

[finlof]

Yes obviously that is the only possible explanation. Could you please stop dragging over your Labcoin sorrow into this thread?

I got out of Labcoin with a decent profit a long time ago. I promise you I have no Labcoin sorrow.

Then why are you so... whiny and negative about everything? Grow a pair and relax.

I put those profits and more into ActiveMining...

I will try to relax.

everyone should relax and start by reading the notice at the top of every page here: "Do not invest more than you can afford to lose."

-edit: this doesnt mean we shouldnt be pushing Ken for more info and a real progress report

[somestranger]

**QUESTIONS THAT KEN ISN'T GOING TO ANSWER NOW**

Just wait for the "big announcement" that Ken said is coming up and I'm sure we will get a lot more information out of Ken. Patience.

[VolanicEruptor]

**QUESTIONS THAT KEN ISN'T GOING TO ANSWER NOW**

Just wait for the "big announcement" that Ken said is coming up and I'm sure we will get a lot more information out of Ken. Patience.

How many months ago did he hint at this "big announcement"?  around IPO time?

[4ju5tice]

**QUESTIONS THAT KEN ISN'T GOING TO ANSWER NOW**

Just wait for the "big announcement" that Ken said is coming up and I'm sure we will get a lot more information out of Ken. Patience.

+2

[bigdude]

Sorry for being negative everyone. I just keep seeing the Bitcoin price rise and have major freak outs.



I will try to be more positive. I just really want to see some TH/s online.

My preference is for Ken to actually get us listed on an exchange again. Colored Coins sounds nice, but months off (or longer) from being a reality.

While it is a pain moving from exchange to exchange, it really needs to be done for shareholders. Some want to buy, some want to sell. I don't want Ken spending his time trying to facilitate exchanges. Just spend the time, get us on an exchange, and let them do it all.

Havelock seem in the best position.

[shadallion]

The proposed CipherTrade exchange seems good to me

DISCLAIMER: I am long CipherMine