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

[Mabsark]

The chips are already a month behind schedule and the reason given was basically equivalent to DownloadMoreRAM. And someone is asking for 0.006 per share!   0.00006 more like!  

Mabsark, you were asked a few days ago how many ACtM shares you were still holding after you made a hasty exit 2 or so months ago to get into Labcoin. It looks like you sold them all then?

You clearly want to buy back into ACtM at the lowest price possible and this blatant FUDing just tells me that you actually value ACtM highly - otherwise why would you want to buy back in?

So yes, thanks for confirming through your FUD attempt that ACtM is indeed an excellent proposition - but really, we knew already.

I haven't got any shares in anything at the moment and believe it will be more profitable to just hold my BTC for a couple more months. And yes, at 0.00006 BTC per share, I probably do value ActM shares too high.  

Also, I see you can't answer my questions and try to ignore the issues by claiming I'm just spreading FUD. Will it take another 9 weeks for eASIC to implement the "IntelliHash" changes? If so, will new samples only arrive in February with full production not ready till May?

These are real issues which Ken needs to address as it's looking like ActM are going to be months behind schedule.

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[minerpart]

Mabsark I don't buy that atall.

If you are not buying shares in ACtM then why on Earth are you on here then?

You don't need to post on here everyday to hold your Bitcoin. I would love to know how much you have now, you took a big hit on Labcoin? Why risk what little you have left on ACtM why don't you just keep what you have. What if ACtM is Labcoin 2?

[VolanicEruptor]

just the act of finding an exchange and proving that our shares survived and making them tradable again will be enough to boost the price above .001
if the shares can survive 2 exchange shut downs then it will no longer be a concern.. and then the valuation will be on profit speculation ONLY, as it should.
but then that of course means Ken would have to actually verify our shares, which was supposed to be done by now

[Stuartuk]

VE the share value is not really much about speculation and Capital Gain anymore. We are on the verge of deploying on a globally significant scale. It's just a few weeks away and every share is currently worth holding on to for the divs. If you now seem to recognise that ACtM are making genuine progress then you too should be holding for the divs rather than speculating on price rises. The divs will give this company's shares value, long-term value. ACtM could still be significant players in the global hash network in 5 years from now which is something a lot of short-sighted investors seem to forget. Care to work out the total divs per share from 5 years of ACtM holding 5-10% of Global hash with BTC at 1k. Then what about with BTC at 15k? And what about 50k?

Look at the bigger picture.

[VolanicEruptor]

Then what about with BTC at 15k? And what about 50k?

Look at the bigger picture.

Apparently the great leader hates it when Bitcoin goes up.  He says its bad for the company.

[Stuartuk]

You just passed up an opportunity to broaden peoples restricted views of this stock to take an immature little swipe at the guy doing all the hardwork. Do you think anything you have done on here over the past 6 months has done your own position any favours? You just seem to make mistake after mistake. Do you ever have down-time where you look at your own actions and question them in anyway?

[Mabsark]

What are the current plans for chip development?
ActiveMining is developing a 28nm Bitcoin mining chip using eASIC.

• Chip samples delivered in 9 weeks;
• Low-volume chip production starting in 12 weeks, using an e-beam process;
• Normal volume chip production starting in 16-18 weeks.

The samples were delivered according to Ken and had to be redesigned (BFL comes to mind, how long did it take them?).

Low volume production has now gone from December to February.
Normal volume production has now gone to late April/early May.

There'll probably be 1-2 thousand sample chips, enough to build a 24 Th/s miner. As previously shown, that'll provide about 80 Satoshis per share per day, with a 2.5% reduction per day.

Low volume production will probably be about 100,000 chips. With each chip capable of 16 Gh/s, that's 1.6 Ph/s, which will take a fair bit of time to build miners out of. That's about 67 x 24 Th/s miners. Let's be generous and say they'll finish bringing that hash power online when normal volume production commences beginning of May. With 50% mining that'd give them 0.8 Ph/s. The current 30 day rate of increase for the network is 78%, giving a network hash rate of around 116.2 Ph/s at the beginning of May, which would give ActM about 0.7% of the network hash rate.

With 1% giving 504 BTC, 0.7% would provide 352.8 BTC per round or 25.2 BTC per day. Distributed over 10 million shares, that's 252 Satoshis per share per day, with a 2.5% reduction per day.

It's not looking good for ActM share holders.   They've waited all this time and they're going to get less dust than the Avalons gave them. 

[VolanicEruptor]

mabstark that was a lot of effort just to tell us that!  You really sat down and gave those fingers a workout.  Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price.  After all, who would sacrifice that much of themselves if they didint have interest and motives

[mannybitcoins]

mabstark that was a lot of effort just to tell us that!  You really sat down and gave those fingers a workout.  Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price.  After all, who would sacrifice that much of themselves if they didint have interest and motives

Isn't it obvious VE? He just wants cheap shares. Don't sell your shares to this FUDster guys, make him pay.

[Mabsark]

mabstark that was a lot of effort just to tell us that!  You really sat down and gave those fingers a workout.  Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price.  After all, who would sacrifice that much of themselves if they didint have interest and motives

Isn't it obvious VE? He just wants cheap shares. Don't sell your shares to this FUDster guys, make him pay.

How about disputing the argument with some logic and facts?

[mannybitcoins]

mabstark that was a lot of effort just to tell us that!  You really sat down and gave those fingers a workout.  Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price.  After all, who would sacrifice that much of themselves if they didint have interest and motives

Isn't it obvious VE? He just wants cheap shares. Don't sell your shares to this FUDster guys, make him pay.

How about disputing the argument with some logic and facts?

What, like with fancy numbers you pulled out of your ass? We just need to trust Ken. He made promises, promises he won't break.

...I would continue this cause it's just too much fun, but I'm kidding man, just being sarcastic. This thread is a joke and I know you're just trying to bring some logic into it, but at this point I think it's just useless. Pankkake is right, this has gotten baddddd. Ken should not be linking to this thread as the official discussion on Active Mining, it's just too damn embarrassing.

EDIT: Not saying I don't trust Ken, cause I do, regardless of his poor PR moves in the past. Just saying this thread is a joke and should not be taken seriously, at all.

[mannybitcoins]

Is THAT what VE is doing? Setting ip the stage to buy thousands of cheap shares of a company which has not delivered product and whose progress remains mysterious so that he can lose money in the long run?

How clever of you to figure that out.

mabstark that was a lot of effort just to tell us that!  You really sat down and gave those fingers a workout.  Wow... If anything, putting that much time into posting that actually puts upward pressure on the stock price.  After all, who would sacrifice that much of themselves if they didint have interest and motives

Isn't it obvious VE? He just wants cheap shares. Don't sell your shares to this FUDster guys, make him pay.

I love it. I think you guys are too far gone.

[Mabsark]

Do YOU believe in Ken?

Do you believe in life after Ken?...by Share?

Wait, wait, wait...here's a better one.

Hey diddle diddle, Ken had a fiddle,
With share holders with brains made of mash,
All the trolls laughed and had such fun,
While Ken ran away with all the cash.

[mannybitcoins]

Do YOU believe in Ken?

Do YOU believe in Active Mining?

For a limited time only, you can buy 100,000 shares of Active Mining from me for 1128 bitcoin.

Here is how it will work, first you send me a PM stating that you actually believe in Active Mining.

Then I will provide you with my bitcoin address.

When the coins are received, I will send you and Ken an email saying that when the exchange opens, 100,000 of my shares be transferred to you.

This will be done without escrow directly through emails.

Are you a believer?

I have a better idea. How about you provide me access to your email address associated with your Active Mining shares. I will then transfer the shares once they become active on crypto-trade.com to my account, and then I will transfer you the 1128 bitcoin.

Of course, this will be done without escrow, as any trusted transfer should.

[VolanicEruptor]

Colored Coins

NGCCC GUI Screenshot P2P Trade Screen

I'm wondering how USD and other currencies can be exchanged in a decentralized manner through color coin. Or will that require Master coin or ripple? Of course this may be too off topic.

Colored Coins can be used for any virtual asset.

Damn Vigil you are lucky.  In the last 3 days you are the only one worthy enough to feel the warm embrace of our great leader.  Perhaps tomorrow he will appear from the clouds and speak to us mere humans

[mannybitcoins]

eASIC vouched for Active Mining and took them in as a partner makes me think things will turn out okay.

That NEVER happened. VMC is a CLIENT not a PARTNER. How many times does this has to be explained?

I understand the difference, though it was more of a semantic error on my part, so I've edited my post. Companies like eASIC do not take in just any company that wants to work with them, regardless of capital. They qualify companies to make sure they are a good fit. When they work with the likes of Seagate and other big players, qualifying companies is not optional, but a required process. This does not mean success is ever guaranteed, but it sure makes me more confident in the process, and progress.

[Vigil]

Colored Coins

NGCCC GUI Screenshot P2P Trade Screen

I'm wondering how USD and other currencies can be exchanged in a decentralized manner through color coin. Or will that require Master coin or ripple? Of course this may be too off topic.

Colored Coins can be used for any virtual asset.

Damn Vigil you are lucky.  In the last 3 days you are the only one worthy enough to feel the warm embrace of our great leader.  Perhaps tomorrow he will appear from the clouds and speak to us mere humans

You can look at Ken's silence in a couple ways... either he has no positive way to answer the questions or he would prefer that information to remain a mystery and is working hard on getting things hashing.

Has anyone attempted a burnt offering?

[VolanicEruptor]

Colored Coins

NGCCC GUI Screenshot P2P Trade Screen

I'm wondering how USD and other currencies can be exchanged in a decentralized manner through color coin. Or will that require Master coin or ripple? Of course this may be too off topic.

Colored Coins can be used for any virtual asset.

Damn Vigil you are lucky.  In the last 3 days you are the only one worthy enough to feel the warm embrace of our great leader.  Perhaps tomorrow he will appear from the clouds and speak to us mere humans

You can look at Ken's silence in a couple ways... either he has no positive way to answer the questions or he would prefer that information to remain a mystery and is working hard on getting things hashing.

Has anyone attempted a burnt offering?

i meant info regarding verification of shares, which was supposed to be done by the end of last week. 

[mannybitcoins]

eASIC vouched for Active Mining and took them in as a partner makes me think things will turn out okay.

That NEVER happened. VMC is a CLIENT not a PARTNER. How many times does this has to be explained?

I understand the difference, though it was more of a semantic error on my part, so I've edited my post. Companies like eASIC do not take in just any company that wants to work with them, regardless of capital. They qualify companies to make sure they are a good fit. When they work with the likes of Seagate and other big players, qualifying companies is not optional, but a required process. This does not mean success is ever guaranteed, but it sure makes me more confident in the process, and progress.

Wat.  What in the world made you think that?  I can tell you that Apple won't sell me the iPhone unless i pass a battery of tests, but that's not how it works.

Try opening a store selling apple products by walking into their headquarters and throwing cash at them.

[mannybitcoins]

eASIC vouched for Active Mining and took them in as a partner makes me think things will turn out okay.

That NEVER happened. VMC is a CLIENT not a PARTNER. How many times does this has to be explained?

I understand the difference, though it was more of a semantic error on my part, so I've edited my post. Companies like eASIC do not take in just any company that wants to work with them, regardless of capital. They qualify companies to make sure they are a good fit. When they work with the likes of Seagate and other big players, qualifying companies is not optional, but a required process. This does not mean success is ever guaranteed, but it sure makes me more confident in the process, and progress.

Wat.  What in the world made you think that?  I can tell you that Apple won't sell me the iPhone unless i pass a battery of tests, but that's not how it works.

Try opening a store selling apple products by walking into their headquarters and throwing cash at them.

Ken is not starting an eAsic store.  He is simply a customer, just like i am when buying an iPhone.  Sure, he can sell the chips later, just like i can sell my iPhone after i buy it from Apple.  This possibility makes neither me nor Ken retailers or distributors, simply clients.

P.S:  If i walked into Apple headquarters and threw *enough* cash at them, i'm sure i would be allowed to retail Apple gear.

Well if we are going to use the same analogy, it would be like Ken going to Apple, and trying to purchase a million dollars worth of iPhones. In this case he would need to be a distributor. No random person can go up to Apple and do that, they would need to go through a distributor, a distributor which has gone through a verification process where they need to meet certain requirements.

I'm no wiz here, and it is probably a dumb move to trust the company I've invested in due to their relationship with another company. but I'm just saying I'm more confident in Active Mining since they are working with eASIC compared to another company.