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

[thehun]

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   

If prices increase, it must mean the demand exceeds the offer, right?

[Vigil]

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.

With the massive increase in Bitcoin price, that may be a reality where it was not months ago.

[Vigil]

Build the miners and mine with them until someone wants to buy them - that is what I would do.

[drawingthesun]

Happy Thanksgiving

To you too!

[Stuartuk]

Use your brain dts, you really are too much sometimes. Ignored for a week.

[knybe]

I see the slow decent into "no news" madness continues unabated.

Gobble gobble!

[Stuartuk]

We are discussing scenarios knybe. You don't do anyone a service by coming on and slagging everyone down and pretending you are mightier than the rest of us.

But thanks for the input.

[Bargraphics]

I see the slow decent into "no news" madness continues unabated.

Gobble gobble!

Hah, correct you are.

What are you thankful for this Thanksgiving?

I'm thankful for the constant flow of cheerleaders white knighting giving us many laughs,

the trolls sending them into a frenzy more easily than ever,

and the majority of level-headed "mightier" investors getting some quick laughs in at both parties expense.

All is right with the world.

[drawingthesun]

I'm thankful for the constant flow of cheerleaders white knighting giving us many laughs,

the trolls sending them into a frenzy more easily than ever,

and the majority of level-headed "mightier" investors getting some quick laughs in at both parties expense.

Which one am I?

[Stuartuk]

Neither of you bring anything productive to this thread. Though you both think you are geniuses.

[Bargraphics]

I'm thankful for the constant flow of cheerleaders white knighting giving us many laughs,

the trolls sending them into a frenzy more easily than ever,

and the majority of level-headed "mightier" investors getting some quick laughs in at both parties expense.

Which one am I?

Depends on the day LOL

[aquarius]

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   

If prices increase, it must mean the demand exceeds the offer, right?

yes, as the price of btc increases the demand for miners will increase. if there is an increased demand for miners the supply will get tighter, thus driving up the price.

this is a very bullish sign for us all on so many levels.

[drawingthesun]

Though you both think you are geniuses.

Not sure where you get that idea.

I might go on a bit, I do have strong opinions about the best course of action and I could very well be wrong. But I honestly do mean well.

Admittedly I'm not taking the decline of this security very well.

[iSnow]

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.

Show me one BTC stock that has reached or surpassed its ATH lately. AM is down 90% from its ATH, VTX 80%. Times are bad for securities denominated in a currency that goes into full deflationary tailspin, this was not clear to me when I bought some shares of ActM, AM, Labcoin and others. In the mean time I have learned that BTC is the fiercest competition to shares. I always considered the $300 I gambled on bitcoin-stocks a high-risk game - after all, if one of several stocks explodes, it might pay for the scams and failures of the others. If none pays back the coins I put into them, some might at least pay back the $300. And if none does, it was an interesting time.

I do believe that FC and Ken are sincere, honest and hard-working. If this is enough to corner a market with high-tech that usually is developed by a whole team of engineers, sales people and managers, I don't know. Building 28nm ASICs from ground is no child's play, I expect delays and problems along the way. Unfortunately time and the exploding diff are our enemy, so we might arrive at mining rigs that work but are outdated.

At any rate, I can see no proof that we have working miners shipping to customers or orders placed at eASIC and I would not be surprised to learn that November turns into new year. We'll see.

[Vigil]

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.

Show me one BTC stock that has reached or surpassed its ATH lately. AM is down 90% from its ATH, VTX 80%. Times are bad for securities denominated in a currency that goes into full deflationary tailspin, this was not clear to me when I bought some shares of ActM, AM, Labcoin and others. In the mean time I have learned that BTC is the fiercest competition to shares. I always considered the $300 I gambled on bitcoin-stocks a high-risk game - after all, if one of several stocks explodes, it might pay for the scams and failures of the others. If none pays back the coins I put into them, some might at least pay back the $300. And if none does, it was an interesting time.

I do believe that FC and Ken are sincere, honest and hard-working. If this is enough to corner a market with high-tech that usually is developed by a whole team of engineers, sales people and managers, I don't know. Building 28nm ASICs from ground is no child's play, I expect delays and problems along the way. Unfortunately time and the exploding diff are our enemy, so we might arrive at mining rigs that work but are outdated.

At any rate, I can see no proof that we have working miners shipping to customers or orders placed at eASIC and I would not be surprised to learn that November turns into new year. We'll see.

Of course, ActM ATH share price never reflected actual mining proceeds. So, the comparison you are making is in error.

Also, if ActM is successful, Ken may start hiring a small team of engineers, etc. At the moment that may not be necessary.

[zumzero]

For those who just want out and hope to exit with a satisfactory position, hear this;

There will be a plethora of investors desperate to get a piece of the action once they all realise that ActM is about to get listed again and is already hashing with its eAsic chip and scaling up production of its Fasthash machines.

I think Ken's announcement will, amongst other things, tell us where and when trading will start again.

There is going to be a rush for securities again and we are set to benefit from this new inflow of wealth.  People who can buy many coins at over $1000 a pop will be those also inclined to invest in a company like ours.

If this announcement doesn't come by the end of the month, I'm sure it'll be just around the corner, but one thing is for sure, Ken will have a check list and he won't be making any announcement until he is absolutely satisfied that he has ticked every thing on that list.  

[kingcrimson]

Agreed, bitcoins will flow to where the opportunity is. Look at the volume of BTC pouring into litecoin in the last week, probably in the millions. Just need a good trading platform and some buzz. 

[VolanicEruptor]

For those who just want out and hope to exit with a satisfactory position, here this;

There will be a plethora of investors desperate to get a piece of the action once they all realise that ActM is about to get listed again and is already hashing with its eAsic chip and scaling up production of its Fasthash machines.

I think Ken's announcement will, amongst other things, tell us where and when trading will start again.

There is going to be a rush for securities again and we are set to benefit from this new inflow of wealth.  People who can buy many coins at over $1000 a pop will be those also inclined to invest in a company like ours.

If this announcement doesn't come by the end of the month, I'm sure it'll be just around the corner, but one thing is for sure, Ken will have a check list and he won't be making any announcement until he is absolutely satisfied that he has ticked every thing on that list.  

Thank you Bumzero for your incredible insight.  You have given Ken the perfect excuse to delay an update.  Now investors can continue to worry about their bitcoin during the worst scamming era of human history.  By the way, you have some cum dripping off your chin, looks like Ken got messy again with you, make sure you clean it up before Thanksgiving supper!  

[Vigil]

Even an opportunity where someone could increase their Bitcoin holdings by 10-25% per year is extremely attractive in most investment situations. Even if we don't achieve the high hash-rate we want, there are plenty of people who will see holding these shares as a beneficial investment.

[zumzero]

Out of respect for those who have ignored crumbs, please do not quote him.  Thanks.