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

[JoTheKhan]

The fact that he said working with "Ukyo" when Ken has claimed that he will withold Ukyo's shares, Ken wants people to visit Ukyo with the police and wants to sue him shows that this guy is completely clueless.

[JoTheKhan]

You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.

Mistakes are made.  Especially in the realm of first-round, early-entry startups within a brand new technology sector.

I should hope that Ken is more focused on being operational with the mining and mining-equipment ventures than he is about making shareholders happy with the ability to trade.

In addition, he has been working with "Ukyo" (of BitFunder/WeExchange fame) to try and make the transition more effective.  There is only so much Ken can do when Ukyo is dragging his feet with his Neo Bee activities.  Ukyo HAS STATED that transfer of AM (as well as his own loan) shares is his priority; but I would assume that it's his priority AFTER his Neo Bee work.

Ken is obviously holding out for Ukyo's assistance, because Ken also has better things to do.  Sure, he probably shouldn't have relied on the dates given by someone as unreliable as Ukyo.  However, why are the dates such a big deal?  Either you win or you lose.  Such is life.  You'll find out soon enough and it's out of your control.

Sit tight.  Relax.  Pull the stick out of your butt and maybe smoke a doobie.  I don't care.  But stop your bitching and realize it won't benefit anything or anyone.

I've found your blunder. This is not AM. This is ACTM. AM is AsicMiner, you are in the wrong thread.

[Entropy-uc]

You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.

Mistakes are made.  Especially in the realm of first-round, early-entry startups within a brand new technology sector.

I should hope that Ken is more focused on being operational with the mining and mining-equipment ventures than he is about making shareholders happy with the ability to trade.

In addition, he has been working with "Ukyo" (of BitFunder/WeExchange fame) to try and make the transition more effective.  There is only so much Ken can do when Ukyo is dragging his feet with his Neo Bee activities.  Ukyo HAS STATED that transfer of AM (as well as his own loan) shares is his priority; but I would assume that it's his priority AFTER his Neo Bee work.

Ken is obviously holding out for Ukyo's assistance, because Ken also has better things to do.  Sure, he probably shouldn't have relied on the dates given by someone as unreliable as Ukyo.  However, why are the dates such a big deal?  Either you win or you lose.  Such is life.  You'll find out soon enough and it's out of your control.

Sit tight.  Relax.  Pull the stick out of your butt and maybe smoke a doobie.  I don't care.  But stop your bitching and realize it won't benefit anything or anyone.

I've found your blunder. This is not AM. This is ACTM. AM is AsicMiner, you are in the wrong thread.

Good catch.

Ken's attempt at brand confusion has captured at least one demonstrable victim.

[VolanicEruptor]

You've made him run and hide 

[VolanicEruptor]

Ken's attempt at brand confusion has captured at least one demonstrable victim.

That confusion has been made way more than once

[gnostication]

That picture is perfect.  I definitely confused AM for AMC

I still think all of you need to relax.  I'm invested in AMC, and others.  But it's always a risk/gamble.  Anyone who is in over their heads made the wrong decision and cannot blame anyone but themselves.

No bitching on this thread will result in anything productive or positive, so chill.

[VolanicEruptor]

No bitching on this thread will result in anything productive or positive, so chill.

No misinformation on this thread will result in anything productive or positive.
So read, and don't post.    I've told you this before on your Jasun account.

[pheaonix]

Ken's attempt at brand confusion has captured at least one demonstrable victim.

That confusion has been made way more than once

[zumzero]

Yeah, you guys need to chillax.  Remember every thing's better with a bag of weed.

Why you all get so bitchy is beyond me.  "Here's a new guy, let's show him who's alpha around here.", "There, we told him didn't we.",  "Yeah bro he confused AM with ActM,  haha, what a fool!"

Why is it always me that has to turn around these infantile antics and get this thread back on course, eh?  I ask you?

So, now that we know there are eAsic miners in the wild, that a few people are comically keeping under wraps, what do we think will be the effect on share price?

I've got all the shares I will ever need and want to see a high price so that I can sell up to 10% for 140 btc, so naturally I have the opposite agenda to Entropy, VE, crumbs, pankake and many others who know what's around the corner for ActM and want to increase their holdings.

Given the proof that is out there and the fact that Ken will definitely be publishing more evidence in the near future, I'd say that cheap shares will be extremely limited and only a lucky few will get to buy lower than 0.0025.  So it will be fingers on the trigger.  I know that there are a number of people who will be genuinely shocked at how quickly and how high the share price goes within hours of CT opening for business.

Now I'd like to start a discussion focussing on the evidence that is out there to support the claim that ActM machines are already in customers hands.

Who would like to start us off?  Perhaps VE would like to tell us all about his conversations with CanadianGuy?  How about it?  

[zumzero]

What a dick!  lol  

edit:

Hi CanadianGuy,

I read that you are looking to sell the miner you acquired from Activemining.

Is this still the case?  If so, what price are you thinking of and would you be able to deliver to the UK?

Can I ask what hash rate you are currently getting?

Many thanks,

zumzero

4TH platinum and I'm getting more than double what i ordered. i was staring at it while drinking my beer and it almost hit 9th. highest offer so far is $45k and i said no. how much higher can you go? you cool with john k escrow? i want to buy active shares first before i show pictures, but if you're fine with trusting john K then ill still sell it. how about 60k?

Hi CanadianGuy,

I am willing to discuss trading ActM shares for the unit instead of cash.  That way we could close the deal very quickly indeed and you could ship the unit soon.  As I'm in the UK it may take up to three weeks for delivery if you are in Canada?

Thanks.

Sure.  how would we do this? i can ship express which should take much less time than that

This is he same guy who was asking for btc to post evidence about the machines existence.  VE subsequently offered 0.5btc for photographic evidence. 

[bigdude]

Ken,

Please try to get our shares on CT by the end of the week.

I know it is Christmas period, but after that a LOT of people go on holidays, family trips etc. And a many of us will not be here ... so if we need to sign messages, take any action steps we can't, because we simply won't be around.

I am heading off for a holiday, won't be back for atlest 4-5 weeks. I don't want my shares in limbo.

Please!

[somestranger]

I know it is Christmas period, but after that a LOT of people go on holidays, family trips etc. And a many of us will not be here ... so if we need to sign messages, take any action steps we can't, because we simply won't be around.

Then you can do it when you get back. The shares are not going to disappear.

[zumzero]

Upcoming milestones that will each boost the share price:

Ken's weekly update

Photos of stockpiled hardware being assembled

Ken's weekly update

Arrival of Intellihash compatible chips

Ken's weekly update

Release of information explaining benefits of Intellihash

Ken's weekly update

First customers confirm orders received

Ken's weekly update

Mining farm fires up for business

Ken's weekly update

Dividends start flowing

Ken's weekly update

ActM articles hit the press

Ken's weekly update

Influx of new investors

Ken's weekly update

Sales figures released

Ken's weekly update

Yes, we have all of this to look forward to and that's due, in part, to the fact that all this time Ken has chosen to be very guarded about our progress.

I dare any of you to put a value against each of these milestones, starting at whatever price you think trading will begin.

[Stuartuk]

So, now that we know there are eAsic miners in the wild, that a few people are comically keeping under wraps, what do we think will be the effect on share price?

Here is my conservative estimate.

If the ACtM farm was able to take an average across 2014 of 5% of total hash we would generate 65700BTC over the year (on average 180 per day).

After 140 days 0.00252 on the publicly held 10M shares would be paid out.
The next 225 days will generate 0.00162 per share.
Year-end total for each publicly held share is 0.00414 BTC.

Introduce Dividend Yield, and at the AM-PT ratio (Bitcoin sector) of 3:1 that would give a share price of 0.01242 BTC
With VMC becoming a trusted major supplier and ACtM a secure investment opportunity, DY would likely rise to atleast 5:1 (still an excellent return) giving a share price of 0.0207 BTC

In the above scenario all costs (construction, chip, electricity, wages) are met by the online machine and chip sales from VMC which are currently running at 2Mill a month (before mass production shipment).

[Stuartuk]

Upcoming milestones that will each boost the share price:

Absolutely, speculation can push this a long long way.

You make an excellent and completely over-looked point - 3 months from now there will be a flood of 'good news investors' who right now have never heard of ACtM or even Bitcointalk. They will hear about us and invest for divs, using ACtM as a safe haven for their BTC and others will use us as a speculative investment.

These investors could push Dividend Yield into 15:1 20:1 even 30:1 territory which is not atall unheard of in small cap startups.

[Jasun7211]

Where are you getting your information that Ken is waiting on Ukyo to help?  Did you read the last PR release of ACTIVEMINING-PR?  It doesn't seem you have.  Jasun, is that you??

Man these guys come in here talking about real world investing and stuff and can't seem to grasp the simplest shit.

When it comes to SEVERE misinformation, its Jasun that is guilty of that.  He pulls these things out of his ass like no tomorrow.  
I'm 99% certain that this bullshit about Ukyo helping Ken was created by Jasun with a new account.

Jasun, Ken has all the information he needs from Bitfunder records, and has acknowledged that.  There is nothing Ukyo can do.  All that is left is for Ken to sit down and say "this e-mail address has this many shares...etc..."

Dude now I really know you're a paranoid nut job that has a hard on for me.  Ukyo already admitted that the funds are gone.  Weex is a scam we all know that.....and this is the type of shit you pull that makes me give up explaining things to you.   If I explain to a brick wall that 2+2 =4 .....IM wrong because I'm the one talking the brick wall......thats like talking to you.  But now I know where your mind is and thanks for showing your real cards. 

[reloaded]

...
Absolutely, speculation can push this a long long way.

You make an excellent and completely over-looked point - 3 months from now there will be a flood of 'good news investors' who right now have never heard of ACtM or even Bitcointalk. They will hear about us and invest for divs, using ACtM as a safe haven for their BTC and others will use us as a speculative investment.

These investors could push Dividend Yield into 15:1 20:1 even 30:1 territory which is not atall unheard of in small cap startups.

"Dare to Dream!"
http://ohkrapp.files.wordpress.com/2008/10/south-park-imaginationland-poster.jpg

[Stuartuk]

'good news investors'

"Dare to Dream!"

Well you prove my point Sir. 5 posts to your name and joined the forum 2 days ago. You are the first of the new investors.

[VolanicEruptor]

Where are you getting your information that Ken is waiting on Ukyo to help?  Did you read the last PR release of ACTIVEMINING-PR?  It doesn't seem you have.  Jasun, is that you??

Man these guys come in here talking about real world investing and stuff and can't seem to grasp the simplest shit.

When it comes to SEVERE misinformation, its Jasun that is guilty of that.  He pulls these things out of his ass like no tomorrow.  
I'm 99% certain that this bullshit about Ukyo helping Ken was created by Jasun with a new account.

Jasun, Ken has all the information he needs from Bitfunder records, and has acknowledged that.  There is nothing Ukyo can do.  All that is left is for Ken to sit down and say "this e-mail address has this many shares...etc..."

Dude now I really know you're a paranoid nut job that has a hard on for me.  Ukyo already admitted that the funds are gone.  Weex is a scam we all know that.....and this is the type of shit you pull that makes me give up explaining things to you.   If I explain to a brick wall that 2+2 =4 .....IM wrong because I'm the one talking the brick wall......thats like talking to you.  But now I know where your mind is and thanks for showing your real cards. 

This has NOTHING to do with the funds which Ukyo is holding.  We were discussing how Ken does not need Ukyos help in getting our shares onto an exchange.

[zumzero]

You weren't discussing anything, you were trying to bully a new poster.