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

[stenkross]

Another alternative is that this "big announcement" has nothing to do with the chips.
It might be "now our own trading platform is ready", which in my opinion would be a disappointment (as I have very little interest in trading myself, I want the dividends).

[1714885702]

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[drawingthesun]

I just sent Ken this PM due to skyrocketing Miner prices on ebay.

See

https://bitcointalk.org/index.php?topic=347066.0

At ebay prices we are looking at selling Avalons+Klondikes one time for $50,000 = 50 Bitcoin.

You know 50 Bitcoin is far more than those miners will ever earn.

[VolanicEruptor]

Another alternative is that this "big announcement" has nothing to do with the chips.
It might be "now our own trading platform is ready", which in my opinion would be a disappointment (as I have very little interest in trading myself, I want the dividends).

this is what I've said numerous times.  I am prepared for this disappointment

[zumzero]

Another alternative is that this "big announcement" has nothing to do with the chips.
It might be "now our own trading platform is ready", which in my opinion would be a disappointment (as I have very little interest in trading myself, I want the dividends).

this is what I've said numerous times.  I am prepared for this disappointment

I agree.  Hope for the best and prepare for the worst.  

[qukkM]

So still no November update. Ken promised a November update on 1st November and with only 3 days remaining it does not look good for delivery before Xmas.

[hazryder]

So still no November update. Ken promised a November update on 1st November and with only 3 days remaining it does not look good for delivery before Xmas.

An update on the last day of November is still a November update, people need to be more patient. The next few months look to be the busiest for this company, and if people are complaining and ranting every single day of those months, Ken's understandably going to flip his shit.

Just be patient and professional about the situation and there'll be a lot less stress for everyone involved.

[drawingthesun]

Just be patient and professional about the situation and there'll be a lot less stress for everyone involved.

I personally think that the lack of information coming from Ken is not very professional. The shareholders financed this company and yet we are told nothing.

[hazryder]

Just be patient and professional about the situation and there'll be a lot less stress for everyone involved.

I personally think that the lack of information coming from Ken is not very professional. The shareholders financed this company and yet we are told nothing.

We were told there was going to be a major update in November and there's still time for that. If December rolls around and there's still no update then we're all well within our rights to be disappointed with the company, but until then we need to be patient.

[zumzero]

Two good posts hazy. With our shares in limbo we are all just passengers at this stage.  Let's keep a lid on it until we all see December on our calenders. Only then, if there's no news, should we start asking why.

[Bargraphics]

Just be patient and professional about the situation and there'll be a lot less stress for everyone involved.

I personally think that the lack of information coming from Ken is not very professional. The shareholders financed this company and yet we are told nothing.

The principal of what you are saying is 100% correct however for whatever reason in the unregulated securities marketplace this seems to be the normal. I'm positive Ken knows what he is doing is lackluster to use choice words and he chooses for it to be this way for some reason or another. We literally have our hands tied as shareholders, you and everyone else knew this is how the marketplace currently was and is and should have expected as such even if in the back of your head you kept hoping/dreaming it would be different.

I'll say what I've always said and that is that we now must enjoy the ride. Nothing we say/do on here will change the direction he chooses to take the company or the information he relays to shareholders.

[Vigil]

I asked Ken specifically about the state of the miners and he told me "there will be an announcement this month (November)".

[4ju5tice]

Honestly, Ken's silence has value. Any information that we can give our competitors gives them more foresight on how to compete. It's tough that we don't know everything that's going on, but that's just the nature of a new company in a competitive environment. Like Bargraphics says, just be patient and professional. Ken's busy, he's not sitting on a couch eating cheetos all day and reading the forums taking pride in not answering everyone's questions. I'm confident that when Ken feels it's appropriate for the information to come out, then he'll make some announcements. And he hasn't said anything other than he'll make announcements in November, and we all hoped it would have been earlier in November, but we've still got a few days til the months over.

[kleeck]

Guys, again, while not spelled out I feel that it isn't hard to deduce that on Nov. 30th we will get information from Ken.

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...

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Consolidated Active Mining Corporation and VMC reports will be release by November 30th 2013

We already know we're getting the ActM financials on the 30th. It's not a stretch to assume that this other information Ken has said would be "in November" will also happen on this date.

[drawingthesun]

This code is a mess, it was just a prototype and I was going to fix the mistakes and write it into a javascript and html but I have no time at the moment due to family issues.

If you know Matlab feel free to fix it up.

http://pastebin.com/ehQRcCXV

(Here is the function hashrate calc http://pastebin.com/f4eVBbTk, the input in the code is 5 for terahashes as the output)

The model assumes an exponential curve for reducing TH/s price over the time period and increase the Bitcoin price over the time period. The difficulty changes are in percent per diff and can be made to increase or decrease the change over a period of time.

The mode accepts any percent value for reinvestment, if reinvestment occurs the dividend / reinvestment percent is turned into the modelled fiat price at that time and then used to purchase TH/s at the price in the model (Note that TH/s price and BTC price are being modelled on each loop and are always changing)

Some variables are not used.

It is a mess and I wanted to really clean it up and write it into a website or codepen but unfortunately I am no longer able to do this for the next few weeks.

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Results, if people want me to plug in different values just ask, I have the time to rerun the program with different variables, also if you want the math fixed let me know (via PM if you don't want to clog up the thread)

I don't care if no one uses it I made it for myself.

In short the model shows that if TH/s costs us at first $6000 reducing to $2000 over 2 years, and reinvestment is 50% and Bitcoin keeps rising at a similar rate, if difficulty increases continue around 25% every retarget without slowing down, we will never make our bitcoin back but will make a good USD profit.

If difficulty changes are happening like 5%+ every retarget in 2 years, then we make a bitcoin profit. (Let alone a USD one!)

Also the model has reinvestment set to every 4 weeks, this is a variable and can be changed, 4 weeks might be too fast but I figure eASIC is all about fast turnaround.

If reinvestment time is 3 months, we really fail badly.

[drawingthesun]

http://www.coindesk.com/kncminer-pre-orders-next-asic/

This is our competition, already moving on past 28nm.

Ken, where are our miners?

[VolanicEruptor]

http://www.coindesk.com/kncminer-pre-orders-next-asic/

This is our competition, already moving on past 28nm.

Ken, where are our miners?

[iSnow]

This is our competition, already moving on past 28nm.

>The new boxes, which will ship “end of winter/early spring”

[shaofis]

Based on that time frame... the ROI doesn't look that great.

The reality is for all mining operations; if the network hash rate continues to double every month no one is going to make any ROI in the near future.

[VolanicEruptor]

Based on that time frame... the ROI doesn't look that great.

The reality is for all mining operations; if the network hash rate continues to double every month no one is going to make any ROI in the near future.

Really?  I made ROI x 3 with USB block eruptors. 

[shaofis]

Good for you... what's that have to do with the network hash rate doubling monthly and future calculations showing ROI being negative?