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

[Flashman]

Well, more importantly,  I'm mostly bummed that we apparently don't have the batcave any more

[minerpart]

Who says we don't have the Bat Cave?

Do you really think the only premises ACtM has is this unit? What you see in the pic is a VMC production line. It could be the whole picture but considering how secretive Ken is I would suggest it's a bit of a red herring. Only my opinion of course.

[zefyr0s]

Nah we don't have the batcave at SU anymore.

[SebastianJu]

If there really a first batch would have shipped then we would get a good bunch of divs when the shares are on the exchange again. But we only now got images from workbenches. These workbenches had to exist longer to a whole batch being created and shipped. So i dont think a batch was sent already.
Its a pain that we dont get any infos. I believe in the future i will not invest in securities anymore when the issuer isnt communicating correctly. And i know nothing about when the miners will be ready.

[Entropy-uc]

Wow this thread is crazy.  So many people with different views and not knowing who to trust makes head spin!  So if understand right there many trolls and some even on ActM side.  How come.  So much attention for this company means theres something to watch yeah.  My ears pricked up at hardware can be built for mining farm very cheap and reinvest profits back in.  Cant really trust anyone here sorry so not much use asking questions but have many.  Will read up more have looked at Cryptotrade which looks really cool but very quiet only alt cryptos being traded.  Will read Wednesday updates to learn more thanks.  Had friendly message from Duffer1 advising be very careful he lost fortune on Labcoin who scammed people bad.  Duffer1 says BTC price rise puts proprotional downward pressure on securities which explains Asic Miner (AM) value much much lower than before.  If ActM once reached 0.006 from 0.0025 without even having started business it can go much higher when does even if BTC price rise has affect on all securities AM is still 6 x original.  How high is hard guess.  Wont buy above 0.001 for bargain but someone posted 0.00001 is too high so clever enough to see troll there I hope.

No troll at all.  I said .000001 would be a decent risk if you like gambling.

If you aren't going to lose everything you had better learn how to value things.  Start with a simple proposition.  How much is this company worth?  Divide that by 25 million for the number of shares.  Then you can decide whether to buy, hold or sell.  If you do the work, you'll probably think my number is pessimistic, but you'll also see that .001 is laughable to the point of insanity.

Simple analysis like that made me a ton of BTC last year.  This year won't be quite as easy.

Every wonder why there aren't hundreds of BTC millionaires on this site?  Most of the early adopters were ripped off in forums like this and have little to no bitcoin to show for all their efforts.

[chairforce1]

A lot of dead horses being beat in this thread lately.

[theBishop]

Okay will play along for fun and feedback purely speculative but exercise can help decide best policy.  Here are annual figures based on mining farm and selling miners each making identical return and 50% removed for reinvestment to calculate annual dividend payments.  Am only interested in calculating 10 million and not 25 million shares as looking beyond payback of initial investment too far into future with too many unknowns and will probably complete investment by then.  Some dividends have been paid but insignificant so will assume none paid so far to keep figures easier. 
25 BTC every 10 mins gives 1,281,600 mined globally each year.
1% to ActM for mining and same figure earned from selling with 50% total reinvest gives 12,816 BTC pa.
2% gives 25,632 BTC with annual dividend of 0.0025632 BTC per share.
After this point figures become diluted with introduction of additional 15,000,000 shares but this assumes it takes entire year to earn original investment from dividends.
To have 0.0025 repaid in six months assuming same profit from selling and mining 50% reinvested would take 4% global hashing required be sustained for those six months. If selling miners as profitable as KNC with $28,000,000 sales spread over duration repayment of initial investment with exchange rate $750 per BTC and with 4% global hash rate sustained over same period and 50% reinvest would take 88 days to recoup 0.0025 BTC per share.  If ActM took $2,000,000 sales in one month with little info available much higher figure attainable with evidence shipped products so figures above possibly not too far crazy?  Or scam then no money for anyone but easic real company yeah?

[minerpart]

Hey new guy, Entropy wasn't interested in this company a few weeks ago as you will see if you check his history of posts. So you should ask why he and other new Trolls have suddenly started smashing their negative talk all over the thread. Why are they here basically.

The answer is either they are so nice that they want to warn people away from this company or they want to buy cheap shares and are trying to scare people into selling cheap when the exchange opens.

It's a simple question with only one possible answer.

If you want to buy in do so. The price you can buy in at will be dictated by the market. As you have discovered the company only needs a few percent of global hash to pay back the IPO of 0.0025 within 3 to 4 months. And that would only need a small room of their 24 TH/s machines. The company get these machines at cost price. The percentage of global hash they can take is the key question. My estimate is 5-7% in Feb rising to 10% by year end.

Go figure.

[JoTheKhan]

Everyone who is against the company is not a troll and everyone who is with the company is not a cheerleader.

Entropy is not a troll, he just has very underhanded reasons for making people hate the company. Everyone here is acting like they have shareholder's best interest. That is definitely not how people operate. Everyone here has their best interest. Please take everyone's statements with a grain of salt. Also

@TheBishop, please try to write in a clear concise way if you don't want people to think you are a child. I don't think you have posted one complete, non run-on sentence yet.

@Ken, Please have an update about our shares in the next (and every following) Wednesday Update until we have our shares.

[minerpart]

Everyone's best interest IS my best interest - I'm a shareholder.

If you think everyone who promotes the true potential of this company is just out for themselves and are going to dump stock at a high price you are wrong. I am holding 80% of my shares for long-term divs. Share price is a side issue for me but having long-term investors scared into selling and loosing a lot of money is not something you want to sit by and idly watch. We are all in this together. Or are we?

[NickDanger]

For those claiming Ken has not missed any deadlines, a friendly reminder found in a post by Streets 2.0, AKA ActiveveMining_PR, an avid fan at the time this was posted:

...
Q.  When does Active Mining, more specifically Virtual Mining Corp, expect to be shipping the Fast-Hash-One miners?

A.  October/November 2013

*According to the newly updated website, there's another 3 month to go 'til shiping begins, so minimum of 4 months delay.
The expected return from this company is directly proportional to network difficulty, which has grown 700% in the last three months, forget 4.
While the difficulty grew 700% in the past three months, Active Mining chips have not improved at a similar rate.  Neither did Active Mining production capacity, other than a possible addition of two Harbor Freight workbenches.
This would suggest that the company's worth has depreciated by ~7fold, assuming that future network difficulty increase will be ~3/4 as fast as it has been in the past three months (a very optimistic assumption).

[chairforce1]

More dead horses being beat into the ground.

[NickDanger]

More dead horses being beat into the ground.

Sure.  But the darn things don't know it yet.
Ken still posts ocasionally, and that kind o' thing just ain't natural.

J'suis l' Grand Zombie
My yellow belt of choison
Ain't afraid of no tom cat
Fill my brains with poison

[theBishop]

NickDanger I must correct you because your statement regarding profit and difficulty being directly proportional is incorrect as this assumes a constant hash rate.  In fact profit is directly proportional to miner sales and hash rate (relating to difficulty) which is planned to grow with such a large portion of profit being reinvested and hardware bought at cost price.  What we can say about the difficulty factor is that it has the same effect on all miners from those using AM USB miners on their laptops to large industrial mining farms and not only ActM as your posts seems to suggest.

Sorry Jo if you were offend by my writing style.  I was often corrected when I was learning English for my 'lazy' style.  It's hard for me because I have to write quickly or I forget my point as I am translating to English and not thinking in it.  I hope this post is better.

[NickDanger]

NickDanger I must correct you because your statement regarding profit and difficulty being directly proportional is incorrect as this assumes a constant hash rate.  In fact profit is directly proportional to miner sales and hash rate (relating to difficulty) which is planned to grow with such a large portion of profit being reinvested and hardware bought at cost price.  What we can say about the difficulty factor is that it has the same effect on all miners from those using AM USB miners on their laptops to large industrial mining farms and not only ActM as your posts seems to suggest.

Sorry Jo if you were offend by my writing style.  I was often corrected when I was learning English for my 'lazy' style.  It's hard for me because I have to write quickly or I forget my point as I am translating to English and not thinking in it.  I hope this post is better.

No need to correct me.  I specified 700% network speed growth over the last three months, and projected that network speed will continue to grow, albeit at a slightly lower rate.
Are you an alt of a user going by Jasun?

*To make this more digestible:  Active Mining now needs x7 more chips to control the same 1% of the network as it would have needed just three months ago.

[theBishop]

ActM didn't have chips three months ago.  So comparison makes no sense to me as you are talking hypothetically with ifs and buts.  Why focus on something which is common to all as a bad thing only for ActM.  If ActM need x more power to maintain y of network same can be said for all miners.  I will back off now as I can see where this is going and it's no benefit to me to get drawn in thanks.

[Mabsark]

ActM didn't have chips three months ago.

And they don't have any chips now. What was your point?

[NickDanger]

ActM didn't have chips three months ago.  So comparison makes no sense to me as you are talking hypothetically with ifs and buts.  Why focus on something which is common to all as a bad thing only for ActM.  If ActM need x more power to maintain y of network same can be said for all miners.  I will back off now as I can see where this is going and it's no benefit to me to get drawn in thanks.

I have made no comparisons, that's probably why you are confused. You might consider studying math, the basics of mining, or both.
The past rate of difficulty increase is factual.  The future rate is an educated guess, you are correct, and in that sense a hypothetical.  I have allowed for slowing rate of increase; in other words, fudged things in favor of Active Mining.  If you know a way of predicting mining income without guessing the future network speed, i'm all ears.
If you do not understand why more chips are needed to mine the same number of coins as network speed grows, you may not be ready to participate in this thread.

[knybe]

Ignore ignore ignore, dead horse beaten, ignore new VE, ignore ignore ignore.

No share news.

No shipping news.

No mining news.

Business as usual.

[minerpart]

The orders made now are shipping in a few months. That doesn't mean shipping will not start for three months it means there is a backlog of orders built up. It means our sales have outstripped our production capacity (for retail machines) which equates to a great sales success.

Also we only needed one or two machines to take 1% of hash three months ago so the subsequent difficulty increase is not as big a deal as you make out.