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

[Ukyo]

First of all, there are laws against preferential payments.
No one user of weex should get paid off before others.

Stop bullshitting.

You cannot payback your customers/creditors and this means you are bankrupt and your assets should be liquidated. You are stalling this process to pocket money that belongs to other people. There are laws against that.

Umm, you should read any of my last posts.
I am not sure what it is you are suggesting I am trying to stall or postpone.
I am trying to make something happen.
You know..  liquidate some assets ? I like that idea. I agree with you.

I am glad you agree with me and what I am trying to accomplish.

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[VinceSamios]

For what it's worth, there are now 1.5TH mining machines using 55nm tech:

https://bitcointalk.org/index.php?topic=251423.msg4699831#msg4699831

And these are still some of the most power efficient chips out there. ActM could score a very big goal if they could get the most energy efficient 28nm chips onto the market.

[drawingthesun]

For what it's worth, there are now 1.5TH mining machines using 55nm tech:

https://bitcointalk.org/index.php?topic=251423.msg4699831#msg4699831

And these are still some of the most power efficient chips out there. ActM could score a very big goal if they could get the most energy efficient 28nm chips onto the market.

We really need these 55's soon.

[nyc77]

To be clear once again because no one is listening:

First of all, there are laws against preferential payments.
No one user of weex should get paid off before others.

Secondly:
All I am trying to do is sell my shares of ActM to pay off some of Weex debt.
You are correct.

You said I am desperate.
You are correct. I am desperately working towards any and all situations that would allow me to make good on debts.
If I was not, then I would not be trying and would definitely be a scammer like TF or LabCoin who chose to disappear.

I have not gone to Vegas.

If I had access to other peoples BTC it would be dispersed just like the previous amounts.
That is the goal I am trying to achieve with ActM.

You don't make the rules/laws, which means you are a victim in this whole situation. Understood.

Where are the BTC of your BF/Weex customers currently?

Ukyo, be honest and answer this simple question above.

A lot of funds have been transferred into the sites you operated. If they are "gone", You must have authorized transactions, one way or the other.

Where exactly are those BTC today?

[Ukyo]

Where exactly are those BTC today?

That has been beaten to death already, and in the proper thread.

If you wish to beat it some more, please do it where it is related.

I am here talking about ActM relating issues.

It is not a matter of trying to push off the question, it's the same answer as repeated over and over, and I will be happy to repeat it again to you in the correct thread.

[zumzero]

Ukyo, as you can see, some of the ActM shareholders are trying to get back to normal discussion so it would be appreciated if you found a new home to continue with this.  Thanks.

[runam0k]

Where exactly are those BTC today?

That has been beaten to death already, and in the proper thread.

Asked a lot and never answered, I think you mean.

[drawingthesun]

I'm just trying to get an idea about the price we might trade at soon once we go live.

I would love to sell around 0.0009btc (114,425 * 0.0009 = 102 Bitcoin)

Does anyone think that is too optimistic?

[zumzero]

Ukyo, as you can see, some of the ActM shareholders are trying to get back to normal discussion so it would be appreciated if you found a new home to continue with this.  Thanks.

I know, right?

Ukyo, kindly scam in your own thread -- the users in this one belong to Ken, lovingly cultivated for his own scammings.

Respect his property.

Clearly crumbs, clearly ignored.

[zumzero]

I'm just trying to get an idea about the price we might trade at soon once we go live.

I would love to sell around 0.0009btc (114,425 * 0.0009 = 102 Bitcoin)

Does anyone think that is too optimistic?

You will be able to sell at that price before trading starts.

If you do, promise yourself to NEVER, EVER, check the price of ActM shares in the future otherwise you'll never forgive yourself.

[Stuartuk]

Uyko,

You are a thief and a liar.

You stole millions of dollars of peoples hard earned money and gambled it away on an exchange trying to play the market.

You stole that money and you are going to prison for this serious fraud.

[Flashman]

Intellihash explained!

http://www.youtube.com/watch?v=RXJKdh1KZ0w

[Stuartuk]

I am crumbs. I know it's pretty obvious. I am a bit sad and lonely that's why I spend so much time on here. I am involved with HashFast, but we are having a really hard time. I may go to prison or end up bankrupt. Sorry to be a pain.


Oh and I have a cocaine-induced squint (stabismus) but don't laugh too much to my face.

[minerpart]

I am trying to make something happen.

So you want us to trust you? A multi-million dollar fraudster and financial criminal?

Anyone asking about the WeEx BTC - he sold it. He sold at what he mistakenly thought was the top of the market.

Now he has the USD to buy back maybe only half of the BTC he owes. But he is holding off incase BTC comes back down to where he sold it and he can buy it all back.

There is a BIG but - if he waits another month BTC could be even higher and he will be able to buy back even less of the BTC. And every month his position will get worse and worse.

That's probably why Neo are interested in him - it's a speculative position. They have taken onboard his FIAT and the deal will be if BTC falls to below where he sold they will buy back and distribute the BTC he owes and keep the remaining BTC as a fee. THey have their own market analyst and must think BTC has a chance of going back down. For this 'Ukyo deal' they must have agreed to put their own money in if BTC does go higher instead of down and they will then buy back enough BTC to pay off what Ukyo could today.

In other words if BTC comes down Ukyo wins by paying everyone back and Neo make a large fee. If BTC goes up past a specific target level Ukyo stays with the same BTC he could get today and pays that out while Neo lose their bet and have to payout from their own pocket to make up the shortfall in BTC.

[finlof]

you realize all this talk of Ukyo is exactly what Ken wants because it distracts from the actual problems at hand?  while he was always ready to talk about shares and quick to delete posts he didn't like he has never been good at providing information about what we should all be really worried about - chips.  we have a very loose timeframe.  we have no info or projections as to whether these chips will be profitable.  in fact we have Ken saying that he thought it was a good idea to start looking into that when I asked those questions in a previous post.  stop talking to/about/with/etc Ukyo.  100 btc is nothing compared to Ken, Minerpart and StuartUK's projections of $40 million dollars (though I personally believe that's a fantasy) so let's move forward.  Let's return to hassling Ken for more information about the actual business and when these shares will be available for trading.

[minerpart]

Let's return to hassling Ken for more information about the actual businessand when these shares will be available for trading.

These questions have actually been answered by Ken in the past few days. You are just not prepared to listen.

But keep hassling away. I'm sure  Ken has nothing better to do than read your posts all day.

[minerpart]

Minerpart and StuartUK's projections of $40 million dollars (though I personally believe that's a fantasy)

Incorrect. It's not my figure.


'Financial Management

The date of these projection is December 5, 2013.

Estimated AMC 12 Months Projections:

AMC through VMC expects to sale 1 Million of its 28nm Bitcoin Mining Chips in 2014.  After AMC recoups its
NRE of ~1 Million dollars, then AMC expects to receive ~40 Million dollars in profits from its VMC subsidary payment in 2014'

[VinceSamios]

Back on track...

Can I just point out that with a 28nm full custom ASIC - and 0.017c/kwh leccy, ActM can now compete indefinitely, which is awesome news.

[Stuartuk]

you realize all this talk of Ukyo is exactly what Ken wants because it distracts from the actual problems at hand? 

Actually Ukyo came on here of his own accord.

I don't understand why you think 106 BTC is inconsequential. It represents a huge asset to the business. We can turn 106,000 USD into hundreds of retail mining machines if their cost price from VMC is sub 500USD - which it should certainly be.

You don't seem to be concerned with the long-term picture for ACtM. Share trading is your No 1 priority and the future success is not even in your mind so you want to sell all of your shares ASAP.

So your hassling of Ken is not OK by me, you are a short-term speculator with no interest in the company.

[minerpart]

Wow, have we figured out why Ken put up 2300BTC worth of shares on CT to recover 106BTC?  Seems folks already forgotten.

Yes, so that the wall he has to create with these 232k doesn't interfere with early-days trading on the exchange.
But why change the subject so quickly crumbs/Eduardo. Trying to lay a false trail?