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

[VolanicEruptor]

My question is: When Intellihash driven chips are delayed, will this because we are working towards Intellihash v2?  When will this stop and when will we actually see something built?

Who said the chips were driven by intellehash?  Ooops. Look the lid is open in this box.....lets go outside....

Read Kens "big" announcement please..

[Jasun7211]

My question is: When Intellihash driven chips are delayed, will this because we are working towards Intellihash v2?  When will this stop and when will we actually see something built?

Who said the chips were driven by intellehash?  Ooops. Look the lid is open in this box.....lets go outside....

Read Kens "big" announcement please..

I did and you haven't decyphered any clues from it?  I already alluded to one clue you can research yourself.....just open another browser window...try it its easy.  Ill leave it at that.  Ill say this Ken is taking some good ideas from the HFT world and bringing them here.  I'm not going to be too specific, and if Ken and I are thinking the same I understand his poise.

[VolanicEruptor]

My question is: When Intellihash driven chips are delayed, will this because we are working towards Intellihash v2?  When will this stop and when will we actually see something built?

Who said the chips were driven by intellehash?  Ooops. Look the lid is open in this box.....lets go outside....

Read Kens "big" announcement please..

I did and you haven't decyphered any clues from it?  I already alluded to one clue you can research yourself.....just open another browser window...try it its easy.  Ill leave it at that.  Ill say this Ken is taking some good ideas from the HFT world and bringing them here.  I'm not going to be too specific, and if Ken and I are thinking the same I understand his poise.

Oh cool, you know how to be as vague as Ken.  That is real slick!     Still waiting for those aces up his sleeves that we were expecting in November!  Those must be some really, really slow aces...

[Jasun7211]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play. 

[coinfresh]

Is VE really going to visit Ken this week or was that a joke?

Haven't you guys figured out that VE is all talk? All he does is run his mouth and spew bullshit and never backs anything up.

[JoTheKhan]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play. 

So you know when we will start mining then? Thank you. So what day?

[lobbes]

I'm sure he is working dilligently on the miners but some thing that can be applicable to any miner is a great idea.  Ken seems to be creating a well diversified company.

Didn't we have something like 1.7 TH/s unaccounted for?

Although it is most likely the prototype, 307 GH/s from the Klondikes is roughly ~18% of that...

Either way, I am pretty excited if this Intellihash thing is for real.

[Jasun7211]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play. 

So you know when we will start mining then? Thank you. So what day?

Mining is a dimishing return investment....almost to the point where its moot at this point. Ken was pretty clear on that one.  I'm sure he will keep it up as long as he sees it feasable but that's not the future.  Mining should only be done directly by the minerif you want mining see how a PMB performed lately...in addition to all the equip delays.  Forget it.  As I see it pools are still a good option or mabey ever cex.io

[VolanicEruptor]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play. 

"our chips are delayed, so we are going to use INTELLIHASH!"
He doesn't sound like a lawyer, he sounds like a fucking Labcoin CEO

[JoTheKhan]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play.  

So you know when we will start mining then? Thank you. So what day?

Mining is a dimishing return investment....almost to the point where its moot at this point. Ken was pretty clear on that one.  I'm sure he will keep it up as long as he sees it feasable but that's not the future.  Mining should only be done directly by the minerif you want mining see how a PMB performed lately...in addition to all the equip delays.  Forget it.  As I see it pools are still a good option or mabey ever cex.io

Please stop being retarded for one second. Mining is moot at this point? If we mine 1% of the global hash rate we'll get $252,000 a week. Now that's with what like 2 of our 24th machines? Imagine if we had 8, 4% of the global hash rate. $1,000,000 a week. Please stop posting on this forum from now on.

[JoTheKhan]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play.  

So you know when we will start mining then? Thank you. So what day?

Mining is a dimishing return investment....almost to the point where its moot at this point. Ken was pretty clear on that one.  I'm sure he will keep it up as long as he sees it feasable but that's not the future.  Mining should only be done directly by the minerif you want mining see how a PMB performed lately...in addition to all the equip delays.  Forget it.  As I see it pools are still a good option or mabey ever cex.io

Please stop being retarded for one second. Mining is moot at this point? If we mine 1% of the global hash rate we'll get $252,000 a week. Now that's with what like 2 of our 24th machines? Imagine if we had 8, 4% of the global hash rate. $1,000,000 a week. Please stop posting on this forum from now on.

That's what 1 Week ROI?

[VolanicEruptor]

Read the release as if you were a laywer and think of the possible meaning of everyword.  Just a little research goes a long way...verification and context.  The box is open....come out and play. 

So you know when we will start mining then? Thank you. So what day?

Mining is a dimishing return investment....almost to the point where its moot at this point. Ken was pretty clear on that one.  I'm sure he will keep it up as long as he sees it feasable but that's not the future.  Mining should only be done directly by the minerif you want mining see how a PMB performed lately...in addition to all the equip delays.  Forget it.  As I see it pools are still a good option or mabey ever cex.io

Ever since bitcoin went up 10x, mining has become 10x more profitable.  Diminished profits over the course of 4 months of mining would now be replaced by profits due to a more expensive bitcoin.  
Like I said, we used to be printing $10 bills, and now we're printing $100 bills, and Ken only raised the price of the machines by 50%
This means that we, as the investors who profit from hardware sales, are getting royally screwed.  We are working against the bitcoin hike instead of with it.

[JoTheKhan]

I could be wrong about that though.

[VolanicEruptor]

I could be wrong about that though.

if production costs ~$2/GH (which it should, seeing as how cointerra is selling for $2/gh), then ROI is in about 10 days.  In the short term it only makes sense to run a mining farm.  I can run this through the profit calculator again with a screenshot to prove this math.  How do you make ROI in 10 days selling the hardware, especially "if your margins are tight" as Ken has already admitted?

[JoTheKhan]

I could be wrong about that though.

if production costs ~$2/GH (which it should, seeing as how cointerra is selling for $2/gh), then ROI is in about 10 days.  In the short term it only makes sense to run a mining farm.  I can run this through the profit calculator again with a screenshot to prove this math.  How do you make ROI in 10 days selling the hardware, especially "if your margins are tight" as Ken has already admitted?

I know that mining is where the money is. It's the other guy that is completely out of his mind. I want us to spend 100% of our energy to mining. Fuck selling, fuck wasting time on intellihash and trying to get on these shitty exchanges. Just start mining. Lets direct share this shit.

[VolanicEruptor]

I could be wrong about that though.

if production costs ~$2/GH (which it should, seeing as how cointerra is selling for $2/gh), then ROI is in about 10 days.  In the short term it only makes sense to run a mining farm.  I can run this through the profit calculator again with a screenshot to prove this math.  How do you make ROI in 10 days selling the hardware, especially "if your margins are tight" as Ken has already admitted?

I know that mining is where the money is. It's the other guy that is completely out of his mind. I want us to spend 100% of our energy to mining. Fuck selling, fuck wasting time on intellihash and trying to get on these shitty exchanges. Just start mining. Lets direct share this shit.

Yeah it wasn't all directed towards you.. I was replying to the general topic

[VolanicEruptor]

what it comes down to is Ken trying to keep as much of this business to himself as he can.  Of course he's going to mine, what idiot wouldn't... but he's not going to share the profits with us.  He feels he is entitled to them, even though we funded him.  I'll be so happy when this cocksucker eats a curb...

[JoTheKhan]

Ok I personally don't think Ken is solo mining with out shit, as long as he doesn't fuck this up he's looking to sit pretty for the rest of his life. I doubt he'll risk that for easy money now when he can have easy legal money in a few months anyways.

But Ken needs to inform his investors of what is going on with our mining situation and our chips. This isn't optional. Talk to your investors. When do you expect us to start mining?

Ken when do you expect us to start mining?

[VolanicEruptor]

Ok I personally don't think Ken is solo mining with out shit, as long as he doesn't fuck this up he's looking to sit pretty for the rest of his life. I doubt he'll risk that for easy money now when he can have easy legal money in a few months anyways.

But Ken needs to inform his investors of what is going on with our mining situation and our chips. This isn't optional. Talk to your investors. When do you expect us to start mining?

Ken when do you expect us to start mining?

He has been asked that more than a hundred times now since the announcement.  He chooses not to answer because he chooses not to involve us with the mining.  He spends more effort deleting my messages than he does answering everybodys questions.  He has not answered a single question actually..

[zefyr0s]

Honestly at this point, where is the talk of the PR we were supposed to have hired?