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

[JoTheKhan]

You are ignoring the original point which is that we don't know where the money is

That is an impossibly naive and silly point. 'Where's the money'??

eASIC took 1Million for the NRE (as stipulated on CT)
Ken is far along into a 55nm chip - taped out. That project would cost money to progress - errr I think.
Ken has hired a project manager to work with eASIC
Ken has hired two engineers for the 55nm chip project

Ken has clearly stated ACtM still has Millions of USD in liquid assets.

So how much money do you want to be accounted for? Do you want to open up the ACtM balance sheet to the competition (and for the investors, and for the customers and for the community at large to show that this company is still afloat so that we don't scare off ANYMORE customers due to this horrendous thread) ?

Have you seen KnC's accounts?
Have you seen HashFast's accounts?

Yes.

[minerpart]

Where?

And why did you alter my quote?

[somestranger]

You are ignoring the original point which is that we don't know where the money is

Have you seen KnC's accounts?
Have you seen HashFast's accounts?

No, because they are private companies and do not have a responsibility to inform shareholders.

[minerpart]

No, because they are private companies and do not have a responsibility to inform shareholders.

So you haven't seen them. Maybe they would publish them voluntarily to reassure their customers? The answer is no because they are a commercial secret.

If they think there is good reason not to publish detailed accounts then we should not do so either if we are not obliged to.

To do so voluntarily would be a commercial mistake - and all to make you a bit happier?

In the IPO Ken did not say detailed accounts would be published. So please move on.

[JoTheKhan]

@Miner

HashFast and KNC are Private companies. Active Mining is a Public company.

[minerpart]

@Miner

HashFast and KNC are Private companies. Active Mining is a Public company.         And I am 3ft tall.

Yes you Somestranger just said that.

[JoTheKhan]

@Miner

HashFast and KNC are Private companies. Active Mining is a Public company.         And I am 3ft tall.

Yes you Somestranger just said that.

Slinging insults is not going to get your point across.

[minerpart]

I alter your quote because you altered mine. It's not an insult is it? It is to show the absurdity of your alteration. If you don't like it don't do it yourself.

[Jasun7211]

Lost of cool stuff coming out soon at the miami BTC conference.   Ill be tweeting most of it as it happens....follow me @bitcoinmillion1 or #bitcoinmiami

[EduardoDeCastro]

@Miner

HashFast and KNC are Private companies. Active Mining is a Public company.         And I am 3ft tall.

Yes you Somestranger just said that.

He added the fact that Active Mining is a public company.  Though most people could be counted on to infer that from Somestranger's post, you are a wildcard...  Seriously though, how old are you?  Just the ballpark, older or younger than 15?

[JoTheKhan]

I alter your quote because you altered mine. It's not an insult is it? It is to show the absurdity of your alteration. If you don't like it don't do it yourself.

I altered your post to elaborate on what the question meant and what my answer meant. You altered my post to make me look foolish. But I forgive you, anyways. Knc and HashFast are both private, they have no shareholders. Now if Ken calls this a public company with shareholders then he has an obligation to audit it. Every other public company on this planet gets audited, this is precedent and it is law. Now if Ken is honest with what he is saying (which is very doubtful following the last two months) then an audit will only help him.

I have said it before but I think I will have to say it in every comment so people don't think I am some sort of troll. I have shares in this company and I believe that it will succeed.

[minerpart]

Simple rule - do not alter peoples quotes.


ACtM is a public company?

I mean is that supposed to be news? Do the shareholders who bought on an open exchange..I mean has anyone told them? 10Mill publicly held shares and you say this is a public company? Amazing news.

I guess IPO...does the P mean 'public'?? Amazing.

EDIT: I believe if Ken was running a regulated public company he would have 12months from the date he first sold a share to publish his annual accounting report?

[breadcrumbs]

The financial reports provided by the CEO of Active Mining were incomplete and actually quite vague.

If 55nm chips have been taped out, when will finished machine be produced, mining and delivered?

The engineers the CEO of Active Mining recently hired were introduced to him recently by someone who was a recent arrival to this thread.

It took someone outside to get Ken to hire new engineers.

While we are happy he finally did it, the problem is that if the CEO requires THAT MUCH assistance and external motivation to do what he should have been doing all along, either we need to keep motivating Ken or we need to accept that the CEO is incapable of managing this project on his own.

The potential for Active Mining is very great. And, that is why it would be a great tragedy if it does not succeed.

And that is why the pressure should be maintained. It seems that when the pressure is kept up, the CEO of Active Mining actually performs better.

The difficulty has gone up in the last couple of days. The longer it takes, the less the value of any chips produced. On the other hand, all mining companies are affected by the increase in difficulty.

If the .0025 a share has not been paid out by September 1, 2014, what will you all say?
When is it too late? February, March, April, May, June, July, August, then September.

1. When will live trading of the shares transferred from Bitfunder and that other exchange be finalized?

2. When will Active Mining be producing miners and mining on those machines?

3. When will dividends begin to be paid out?

Those are the only questions which are important and they seem to remain unanswered.

[Jasun7211]

Just saying everyone that knows or knows of Ken thinks he is a gem.  Not one bad thing was said about him, and everyone knows of the troubles here, and its a little embarassing how some people act.  So lets move on from personal attacks.  But guys there are soooo many ideas and things in the pipeline its going to be great either way.  Cheers yall.  Time to buy some beer in btc

[JoTheKhan]

If the .0025 a share has not been paid out by September 1, 2014, what will you all say?
When is it too late? February, March, April, May, June, July, August, then September.

I am giving him to Q2 to have actively started paying down the .0025 a share. Otherwise that means he has gone a full year with our money living off of it without creating a product.

He says we have 55nm chips taped out and chips expected in Q2 so I am going to take this at face value and hold him to it. He said we should have shares  on the sight by Tuesday Jan 28th, so I am going to hold him to this. He says we have 28nm being worked on in unison so these chips should be coming to us by Mid Q3 (this is the latest I am accepting).

I can understand that this is a new company, you need to feel your way through the first year and the first few projects. Mistakes happen, I can accept this. I don't expect the .0025 to be paid fully by September 25th but I do expect us to have received a substantial part of this payment by then.

I do not think stacking unnecessary pressure, worrying about Ukyo, insulting Ken (or others) or screaming scam, failure, etc.. is a something that should bog up this forum.

I think every time Ken comes on here he should see our concerns and see that they are not going away. But threats against him, insults about him, screaming about how the competition is better is not doing anyone a favor. Everyone here knows about the competition, we know what they are offering and we have decided to stick with Active Mining for a reason.

[RickJamesBTC]

Usually a ponzi scheme will pay out people with other peoples incoming funds. This one is just taking money from everyone and never paying a thing. Brilliant!

[JoTheKhan]

Usually a ponzi scheme will pay out people with other peoples incoming funds. This one is just taking money from everyone and never paying a thing. Brilliant!

So then that means this isn't a ponzi scheme.

[nookfoo]

There is a new sell order on CT. 41 shares at 0.009.

Ken testing the waters?

[JoTheKhan]

There is a new sell order on CT. 41 shares at 0.009.

Ken testing the waters?

Probably someone who bought at .006 or .01

[zumzero]

*white noise*

I am giving him to Q2 to have actively started paying down the .0025 a share. Otherwise that means he has gone a full year with our money living off of it without creating a product.

He says we have 55nm chips taped out and chips expected in Q2 so I am going to take this at face value and hold him to it. He said we should have shares  on the sight by Tuesday Jan 28th, so I am going to hold him to this. He says we have 28nm being worked on in unison so these chips should be coming to us by Mid Q3 (this is the latest I am accepting).

I can understand that this is a new company, you need to feel your way through the first year and the first few projects. Mistakes happen, I can accept this. I don't expect the .0025 to be paid fully by September 25th but I do expect us to have received a substantial part of this payment by then.

I do not think stacking unnecessary pressure, worrying about Ukyo, insulting Ken (or others) or screaming scam, failure, etc.. is a something that should bog up this forum.

I think every time Ken comes on here he should see our concerns and see that they are not going away. But threats against him, insults about him, screaming about how the competition is better is not doing anyone a favor. Everyone here knows about the competition, we know what they are offering and we have decided to stick with Active Mining for a reason.

Nice post Jo. 

Try not quote the trolls so much, thanks.