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

[JoTheKhan]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

+1

Thank you sir.

[Jasun7211]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

TMI. I don't think this board can handle this deluge of info.  Hahaha. Thanks Ken and Co.  Keep up the good work.

[LorenzoMoney]

Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.

[Jasun7211]

Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.

Why are people still converting to Fiat.  That is sooooo Nov 2013.

[damiano]

Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.

270,000BTC valuation / $351,000,000

Better than the 1.8 billion one I saw yesterday

[Mabsark]

MabSark - very quickly as it's late.
Your disrespectful attitude is not on. You are not a five year old so stop acting like one. I was perfectly polite to you.

When you learn to show some respect to others, perhaps they'll treat you with respect. You was not perfectly polite to me at all. That's another lie, another misrepresentation of facts. Do you actually think that trying to take the piss out of someone and claiming to be happy because you thought they lost 75% of their money is respectful?

"Mabsark - I am very very happy that you lost 75+% of your money in Labcoin, lessons like that are invaluable in life."

Firstly eASIC do not fab the chip's. Their many foundry partners do and these suppliers can easily produce repeated large orders - look at the size of the companies eASIC supply to and think of the size of their current orders.

Foundries have many customers, some of them very large. What makes you think there will be any capacity left for eASIC? And even if there is capacity, they still can't make the chips in a month.

Second, we are taking in 2.1 million USD in orders per month - as you would know if you paid attention. Hence a conservative estimate of having 4 mill available to fund the farm in January. We are expected to take in 4mill by then giving us over 6mill in fund's total.

So, when Ken says, "As of this date at the current price of Bitcoins we have over 2.3 Million in liquid assets, this includes Bitcoins, Cash from VMC, and  AMC purchased ActiveMining shares", you're calling him a liar?

Thirdly I don't know what you are talking about with this 1 PETAhash. I didn't mention 1 PETAhash specifically. Yes I say in my post we will have 7% of network hash through the month of February. And my estimate places that around 40 of our mining rigs -
24.5TH/s each = 0.98PETAhash. That is how many rigs I believe we can deploy by end February with a 4mill invest fund.

I'm getting the 1 Ph/s from multiplying 40 by 24.5 Th/s. You just even pointed it out yourself after asking me where it's coming from. What the hell is wrong with you?

Finally you are extremely rude and clearly unable to do reasonable research or hold a grown-up conversation so you are now on my ignore list - incase you wonder why I don't reply to your nonsense.

Someone doesn't like facts and logic. I'll leave you to get trolled by crumbs then.

[zumzero]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

Good job, thanks for this.  

[zumzero]

Soon, there will be a viable exchange trading ActM shares.
The price will open high, then drop and the cowards, the unbelievers, the wimps, the liars, those without the courage to share in the ActM vision will dump their shares. Then, those of us who believe, will swoop down and buy those shares and then price will normalize. Then, K.S. will deliver good news, and mining will begin in earnest and the dividends will flow like blood at a boxing match, like petroleum in the shale oil fields of Canada, like whiskey in a whiskey factory, and the price of the stock will Zum-Zoom up, up, and then those of us who bought really low will sell some of our shares at huge profits, and then the profits will flow more and ActM buys more chips and designs faster and faster chips until 48% of all mining is done by ActM, and in the same way that G.AsicMiner on BF went from .8 to 4.5 bitcoin in a short time, ActM shares will go from .002 on the complete transfer day to .0108 and then anyone with 10,000 shares will get 108 bitcoin and bitcoin will be selling at 1300 USD so everyone with 10K shares will get 140,400 USD and K.S. will make us all rich.

I'm relieved to hear that whiskey comes from a whiskey factory! HAHA!  

[joele]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

ActiveMining-PR, you're alive!
Thanks for the good news.

[wasubii]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

+1 Great!

[keepinithamsta]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

How many miners have been manufactured?  I just want to know if there has been at least one working unit that has met the stated specs.

[wasubii]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

How many miners have been manufactured?  I just want to know if there has been at least one working unit that has met the stated specs.

Cross your fingers, click your heels together and hope your question is answered next week

[GTR_JOEY]

Weekly Update 12/11/13


Crypto-Trade:

Still working on the verification program, which should be finished this week.  After the verification program is finished we will have a time where shareholders will be able to verify their shares.  After that we will move this batch over to Crypto-Trade and start trading.  Lagers will still be able to verify there shares and will be moved to Crypto-Trade in batches.

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.

Im mostly excited to hear this

[PurpleTentacle]

50% of zero is still zero

Still avoiding any response on chips or what was actually "shipped to customers"

Well, maybe you should put Activemining-PR on your "People who hurt my feelings"-list. That'll teach them.

[alexius89]

Hey Guys,
i have a question concerning the  Share verification.
 following situation:

when i transferred my shares to AMC Tender  i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)

I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.

Now i lost the private Key to use my Desktop wallet.  Ist that a problem or am i still able to proof the ownership of my shares?

Thanks in advance

cheers

[sparky999]

Hey Guys,
i have a question concerning the  Share verification.
 following situation:

when i transferred my shares to AMC Tender  i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)

I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.

Now i lost the private Key to use my Desktop wallet.  Ist that a problem or am i still able to proof the ownership of my shares?

Thanks in advance

cheers

No problem, as long as you can still sign with the address you used on Bitfunder, Ken will likely give us an exact message that will need to be copy and pasted into your wallet client and a new signed message generated and used to verify shares.

[sparky999]

One of the best updates we have had so far. Incredible to hear we will be using AT LEAST 50% of manufacturing capabilities to make miners for us. Things are really starting to look up for Active Mining.

Great work Ken - a little bit of info goes a long way so thank you for these weekly updates.

[sparky999]

50% of zero is still zero

Still avoiding any response on chips or what was actually "shipped to customers"

Give it up pankkake or your gonna look like a fool in a few weeks time.

[alexius89]

Hey Guys,
i have a question concerning the  Share verification.
 following situation:

when i transferred my shares to AMC Tender  i signed my Bitfunder public adress already with all the required information ( like: with No. of shares, Username, Time of the transfer and bitfunder Public Adress)
(screenhots of the transfer itsself and of the Signed Message were taken)

I still have the Signed KEY (SIGNATURE?) (dont know how to call) which was given me after signing.

Now i lost the private Key to use my Desktop wallet.  Ist that a problem or am i still able to proof the ownership of my shares?

Thanks in advance

cheers

No problem, as long as you can still sign with the address you used on Bitfunder, Ken will likely give us an exact message that will need to be copy and pasted into your wallet client and a new signed message generated and used to verify shares.

as mentioned i lost the private Key (used for transfers, signings etc.) of my desktop wallet. But i signed before already with the above mentioned aspects + screenshots of the bitfunder transfer and of the signed message...wouldn't that be enough to proof the ownership?

thank you.

[sparky999]

Ken will probably have to do it manually rather than through the automated site but I doubt it will be too much of an issue to sort out. Ken has always been more than helpful when it comes to transferring peoples shares etc.