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

[gjpminingco]

To V.E And any others that would like to get rid of your Shares I am raising funds to buy all unwanted shares at 0.0001 per share and as soon as i can get a total on how much btc i am getting I will be contacting you all So Please reply back to this and let me know how many you have for sale at that price

[VinceSamios]

I have no doubt that Ken is mining with at least 50TH/S right now.  This is what I mean by "holding our bitcoins hostage".  I am not going to say what I know from eASIC so I suggest you all do your own homework. 

Contradictory trolling..

[Stuartuk]

I have no doubt that  

I have no doubt that you have been talking shit for over a month on here. I have no doubt this is more shit.

If he is mining away that would be excellent news. No doubt that will be part of the news release and we will get a nice fat div the first week that the new exchange opens.  

[arousedrhino]

Please stop replying to VE, just press ignore.

[drawingthesun]

Either you are full of shit or Ken is scamming.

Actually three options:

1 - VE is a total dolt and is full of shit.

2 - Ken is mining and scamming.

3 - Ken is mining and ready to shower us with hundreds of Bitcoin in dividends.

I actually hope VE is half-right and (3) is the option. However I wonder why Ken would hold off paying the dividend to the mining address when so many of us are freaking out.

[Stuartuk]

The only thing I can think of at the moment is he wants to hit the ground running so he is leaving this news and info release till the very last minute.

 It keeps the competition guessing and lets face it this industry is all about the competition because we are all digging in the same mine.

[Jimmy2011]

I have no doubt that Ken is mining with at least 50TH/S right now.  This is what I mean by "holding our bitcoins hostage".  I am not going to say what I know from eASIC so I suggest you all do your own homework. 

The best situation is it. There is a strong NDA between ActM and eASIC. Ken holds 50Th/S now from the engineering production run, and he didn't annouce it until the mass production run is out. Wow!

[minerpart]

Exactly Wow! But in VE's meth-riddled mind it's a conspiracy.

We all know Ken is fully exposed. If he commits fraud we know who he is and where he is and he would face justice. If he does not commit fraud and does this this legitimately not only will he make a HUGE amount of money he wont need to worry about the law. Why would he bother scamming when he's going to make more by playing this straight? He gets +60% of the divs in a few months.

[drawingthesun]

It keeps the competition guessing and lets face it this industry is all about the competition because we are all digging in the same mine.

I hate this argument, it has no merit.

The idea that letting our competitors know we have 50TH/s will somehow make them move faster is flawed. Do you really think that this information will now allow them a strategic advantage? In many business domains you may very well be correct, but when your worst enemy is the 100% loss of mining capacity every single month you start assuming all your competitors are adding stupid amounts of power and you will work relentlessly towards the goal of achieving a higher and higher hashrate.

Trust me, KNC is not going to be able to move quicker than they already are because we gain 50TH/s. All the mining companies are moving as fast as possible.

I just cannot see in anyway how information about our operation could compel our competitors anymore than the insane weekly difficulty changes.

If I am missing something please enlighten me.

[VinceSamios]

Exactly Wow! But in VE's meth-riddled mind it's a conspiracy.

We all know Ken is fully exposed. If he commits fraud we know who he is and where he is and he would face justice. If he does not commit fraud and does this this legitimately not only will he make a HUGE amount of money he wont need to worry about the law. Why would he bother scamming when he's going to make more by playing this straight? He gets +60% of the divs in a few months.

Heh, my rumor about VE being a meth addict is catching hold - although I'd put money on it being true. Fiat money, not real money.

[Stuartuk]

It keeps the competition guessing and lets face it this industry is all about the competition because we are all digging in the same mine.

I hate this argument, it has no merit.

If I am missing something please enlighten me.

You are wrong.

If KNC think we are 2 months away from shipping miners at volume they can plan their reinvestment strategy to sell a certain volume of their own miners over that 2months as we are not in the market and will not be competing for sales. So they may say 'we will reinvest 10Mill to make 500 miners which we know we will sell over the next 2months'. However if VMC suddenly start shipping and selling in volume after month 1 then KNC will be left with a few hundred of unsold miners tieing up their capital. This will have a delaying effect on their next production run as they struggle to get that capital back into the reinvest fund.

Now if they know we will start shipping and selling after month 1 because Ken releases that info they will not put so much into building miners they might instead put more money into new chip development to help them move into the next level.

There are many ways that you can gain a small edge over the competition by maintaining commercial secrets that's why we recognise the term - it is a very common practice.

Edit - KnC are selling everything they can make right now but the principle still holds - if they know we are going to ship they will change their business model because once we start selling I can't see them continuing to sell out.

[drawingthesun]

You are wrong.

If KNC think we are 2 months away from shipping miners at volume they can plan their reinvestment strategy to sell a certain volume of their own miners over that 2months as we are not in the market and will not be competing for sales. So they may say 'we will reinvest 10Mill to make 500 miners which we know we will sell over the next 2months'. However if VMC suddenly start shipping and selling in volume after month 1 then KNC will be left with a few hundred of unsold miners tieing up their capital. This will have a delaying effect on their next production run as they struggle to get that capital back into the reinvest fund.

Now if they know we will start shipping and selling after month 1 because Ken releases that info they will not put so much into building miners they might instead put more money into new chip development to help them move into the next level.

There are many ways that you can gain a small edge over the competition by maintaining commercial secrets that's why we recognise the term - it is a very common practice.

Edit - KnC are selling everything they can make right now but the principle still holds - if they know we are going to ship they will change their business model because once we start selling I can't see them continuing to sell out.

But surely they are more scared of the increase in hashrate? Even our best case scenario makes the hashrate perhaps 2% more difficult in one change due to our miners.

KNC will plan their hardware sales around the worst case with the increase in hashrate and this takes into account ActiveMining, ASICMINER, Bitfury all adding hashpower.

The only time you would be right is if we were expecting to surprise attack with 500TH/s or more. I admit if we were due to add 500TH/s+ that effect on the overall network would be so huge that it would throw everyone off and cause our competitors to reevalute.

The chance this happens is nil. I asked Ken ages ago about the possibility the final batch brings us to 1000TH/s and he was a little taken aback due to how much power that was. I took this to mean that we will not have that type of hash power for a long time.

This is my point: If we were to add 100TH/s tomorrow, this event would not even cause KNC to have a meeting. One of the engineers might have a giggle over coffee but nothing more.

So there is no need for Ken to be secretive unless it's the NDA or we are due to add 500TH/s at least.

[Stuartuk]

Exactly Wow! But in VE's meth-riddled mind it's a conspiracy.

We all know Ken is fully exposed. If he commits fraud we know who he is and where he is and he would face justice. If he does not commit fraud and does this this legitimately not only will he make a HUGE amount of money he wont need to worry about the law. Why would he bother scamming when he's going to make more by playing this straight? He gets +60% of the divs in a few months.

Heh, my rumor about VE being a meth addict is catching hold - although I'd put money on it being true. Fiat money, not real money.

You are spot-on.

Here are some Meth side-effects:

Agitation, irritability, talkativeness, panic, compulsive fascination with repetitive tasks, violence, confusion

So he calls himself Volcanic Erruptor - that's why, he's in a meth-rage most of the time. When he's not angry on here he is often a different person and he does get confused easily. Meth-head.

[Stuartuk]

KNC will plan their hardware sales around the worst case with the increase in hashrate and this takes into account ActiveMining, ASICMINER, Bitfury all adding hashpower.

DTS I did not mention hashrate yet you have just rambled in-excess about it. Please pay attention.

My point is about mining hardware. Our competitors need to make almost daily calculations about how much they are going to reinvest into building mining hardware. If they build too much they will have capital in limbo and set themselves back.

[crumbs]

...
Either you are full of shit or Ken is scamming.

Or both

[drawingthesun]

KNC will plan their hardware sales around the worst case with the increase in hashrate and this takes into account ActiveMining, ASICMINER, Bitfury all adding hashpower.

DTS I did not mention hashrate yet you have just rambled in-excess about it. Please pay attention.

My point is about mining hardware. Our competitors need to make almost daily calculations about how much they are going to reinvest into building mining hardware. If they build too much they will have capital in limbo and set themselves back.

How can they build too much? If they have chips they must build as much as possible and either mine with them or sell them. I can't imagine they have chips laying around not hashing or being sold because of daily calculations? Are you saying it's in their best interest to not turn the chips on? I am not following.

[iSnow]

Actually three options:

1 - VE is a total dolt and is full of shit.

2 - Ken is mining and scamming.

3 - Ken is mining and ready to shower us with hundreds of Bitcoin in dividends.

You crack me up DTS, you really do. There are a fucking lot more options, like:

4 - Engineering is taking more time than expected because of cooling, power stability or PCB problems

5 - the eASIC samples have bugs, either in the masks or in production

6 - the limited order was placed but got pushed back by eASIC because Apple ordered a 100m batch of chips for the next iPad, contractural obligations be damned.

Obviously the chance that we are mining with 10 Exa-hashes/s in secrecy is fucking slim, stop either bitching or being delusional. No, most likely you will not walk away from this a millionaire, tough shit.

[drawingthesun]

Actually three options:

1 - VE is a total dolt and is full of shit.

2 - Ken is mining and scamming.

3 - Ken is mining and ready to shower us with hundreds of Bitcoin in dividends.

You crack me up DTS, you really do. There are a fucking lot more options, like:

4 - Engineering is taking more time than expected because of cooling, power stability or PCB problems

5 - the eASIC samples have bugs, either in the masks or in production

6 - the limited order was placed but got pushed back by eASIC because Apple ordered a 100m batch of chips for the next iPad, contractural obligations be damned.

Obviously the chance that we are mining with 10 Exa-hashes/s in secrecy is fucking slim, stop either bitching or being delusional. No, most likely you will not walk away from this a millionaire, tough shit.

No; you misunderstand. My post was in response to VEs post.

All those options you wrote are covered under (1), VE is full of shit and wrong about Ken mining at 50TH/s.

[drawingthesun]

No, most likely you will not walk away from this a millionaire, tough shit.

EDIT!:
Do you really think the shares will never hit 0.0088? That is only 21% higher than the ATH. If you don't think we can pass the ATH when we are mining in full may I ask you; why are you still invested? You don't have high hopes for ActiveMining.

[lammedraak]

Miner prices increased by 50% (old prices from http://mining.thegenesisblock.com/)

                                    old price / new price
silver unit (1 module) 64GH/s  - 999 / 1499.40
gold unit (1 module) 128GH/s - 1559 / 2339.40
platinum unit (1 module) 256GH/s -2399/3599.40
silver unit (2 module) 384GH/s    -2559/3839.40
gold unit (6 module) 768GH/s -5719/8579.40
platinum unit (6 module) 1536GH/s - 9039   /13559.40
platinum unit (6 module+6 cases) 24576GH/s -148958/223438.20