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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]  (Read 771073 times)
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knybe
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January 02, 2014, 01:12:23 AM
 #6401

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff



Oh brother. This is the weekly update we're gonna be getting for about the next 6 weeks. My thin sliver of faith is dwindling.

Ken what is up with our shares? What is up with our "accumulating dividends?"
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January 02, 2014, 01:12:32 AM
 #6402

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If you really assemble then why no picture of it? I mean its easy as pie to do.
Because if you have been paying attention he has 250 TH on Eligius running rather consistently and being optimized.
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January 02, 2014, 01:14:04 AM
 #6403

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If you really assemble then why no picture of it? I mean its easy as pie to do.
Because if you have been paying attention he has 250 TH on Eligius running rather consistently and being optimized.

Prove it. I would love to believe that but I simply don't. Please prove me wrong.
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January 02, 2014, 01:16:20 AM
 #6404

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If you really assemble then why no picture of it? I mean its easy as pie to do.
Because if you have been paying attention he has 250 TH on Eligius running rather consistently and being optimized.

Prove it. I would love to believe that but I simply don't. Please prove me wrong.

There is a simple way to prove it. Check the dividend pay out address. If the BTC are not going into that address than that is either not our equipment or we are being stolen from. It is as simple as that.
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January 02, 2014, 01:16:59 AM
 #6405

Prove it. I would love to believe that but I simply don't. Please prove me wrong.

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

You can clearly see that the miners at this address are not stable for whatever reason - they are not end-user products shipped by another company and they do not belong to hashfast.
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January 02, 2014, 01:19:01 AM
 #6406

There is a simple way to prove it. Check the dividend pay out address. If the BTC are not going into that address than that is either not our equipment or we are being stolen from. It is as simple as that.
Or, Ken has temporarily halted the dividend payments to that address until he gets the shares worked-out. He is not using BTCGuild with the new machines and thus no payout to that old payment address.
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January 02, 2014, 01:20:40 AM
 #6407

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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January 02, 2014, 01:22:35 AM
 #6408

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?
You're right. It isn't ActM. We are doomed! I will buy shares at .0015. Send me a PM.
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January 02, 2014, 01:25:54 AM
Last edit: January 02, 2014, 01:40:05 AM by Ozymandias
 #6409

Look at the increases and decreases in hashing power. It began with around 9 TH on the 24th and then rose in increments divisible by 24.5 TH. There are no other mining units which would do this. The drops also occurred in multiples of 24.5 TH. Look critically at the charts I posted.

Was it not confirmed by Baragraphics that this is not active mining?
You're right. It isn't ActM. We are doomed! I will buy shares at .0015. Send me a PM.

If that is a serious offer I'd be willing to sell a small amount of shares (~2500) as I could use some pocket money.
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January 02, 2014, 01:28:29 AM
 #6410

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.
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January 02, 2014, 01:28:47 AM
 #6411

You're forgetting one major flaw:

You have no shares to sell.
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January 02, 2014, 01:31:24 AM
 #6412

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.

All of the above would be very nice but at this point with this gentleman, answers to those questions are a pipe dream…

the FUD is creeping in and what's funny is it doesn't even matter because there's no shares to manipulate!

HAPPY FUCKEN NEW YEAR.
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January 02, 2014, 01:32:08 AM
 #6413

Ken please give us a real update. Let's start with the following.

1. Crypto-Trade.com - Please give us a DATE of when we will start trading.
2. Miners - Please take several detailed PICTURES of the assembled miners.
3. Chips - Please give us a DATE as to when we will receive chips for final assembly.
4. Farm - Please give us a PROJECTION as to how much hashpower we will bring online and a DATE as to when this will happen.

Please give us details and a few paragraphs of ActiveMining's game plan for Q1 2014. Thanks.
+1

You're forgetting one major flaw:

You have no shares to sell.

Technically true, but I have proof of ownership of significantly more shares than that from the ex-bitfunder tender process
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January 02, 2014, 01:34:30 AM
 #6414

what's more is do you think if Ken where currently mining at any decent hashing relevancy, he wouldn't be chomping at the bit to come in here and brag a little amongst his peers??? f.t.w.
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January 02, 2014, 01:35:56 AM
 #6415

Technically true, but I have proof of ownership of significantly more shares than that from the ex-bitfunder tender process


at this point who really knows??!

Ken sure doesn't seem to!
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January 02, 2014, 01:43:56 AM
 #6416

Well, I suppose the waiting game continues for another week  Sad

And while 6.3M in sales is good (estimated 10,000btc), how much of that is profit?
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January 02, 2014, 01:58:28 AM
 #6417

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If you really assemble then why no picture of it? I mean its easy as pie to do.

I think Ken is confused.  By "we continue to assemble our miners for quick delivery" he means that he's putting power supplies into cases.
There's still no proof that there's even a set 16 chips that have been reflowed onto a board and has produced any hashing power.  Just pictures of cases, power supplies, and fans.
I'm just ignoring the fact that we don't have our shares because without working chips, the shares are pointless regardless.
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January 02, 2014, 01:59:01 AM
 #6418

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If the whole of that $6,311,788.33 was distributed to the 10 million shares, each share would get $0.63, which at 800 USD/BTC would be 0.00080562 BTC per share.
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January 02, 2014, 02:06:02 AM
 #6419

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If you really assemble then why no picture of it? I mean its easy as pie to do.

I think Ken is confused.  By "we continue to assemble our miners for quick delivery" he means that he's putting power supplies into cases.
There's still no proof that there's even a set 16 chips that have been reflowed onto a board and has produced any hashing power.  Just pictures of cases, power supplies, and fans.
I'm just ignoring the fact that we don't have our shares because without working chips, the shares are pointless regardless.

We had an influx of  extra coin from BTCGuild on or around Nov 11th, if I recall. This was, more than likely, the result of a prototype mining. So we have some proof of chips. I believe this was when Ken realized the necessity of Intellihash, though. As a result, we are waiting - again. Lets also remember that eASIC is not simply going to fail to deliver chips. The question of, "Is there even a chip?!" ala Labcoin should be long satisfied. eASIC is in charge of the chip development and ActM will have said chips. The question is whether or not ActM will have this technology in time to compete and turn a profit for investors.

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


If the whole of that $6,311,788.33 was distributed to the 10 million shares, each share would get $0.63, which at 800 USD/BTC would be 0.00080562 BTC per share.

Right. So given that this amount was raised completely in Q4 then we can multiple it by 4 for an accurate share value for the year: 0.00322248.

P.s. This is not a good way to evaluate share value, but if we're doing it let's complete the method.


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January 02, 2014, 02:13:44 AM
 #6420

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff


Please update us on our shares, Ken.  I personally think we should wait for Colored Coin, but an update on plans would be great.
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