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

[minerpart]

For anyone not in the know - all seized property under lien has to be sold in an open auction or some such similar method. It must be offered to the public - interested parties cannot sell lien property between themselves. If that were allowed all sorts of 'deals' could be done to the detriment of the debtor.

In other words Ken could buy these 232k shares for 1BTC - it would save us a fortune but would be illegal.

[mainline]

For anyone not in the know - all seized property under lien has to be sold in an open auction or some such similar method.

Retarded child:
Since the unlicensed shares are traded on an unregulated exchange, there is nothing preventing anyone from opening another account and snapping up all of the shares at this "open auction."
Even Ken can do it.
Troll harder.

Selectively appealing to lawz is idiotic.

[nyc77]

We have 9.8M other shares to worry about. Ken where are they at?

+1

As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares.  So, once the accounts are created then trading will start.

Ken, WHEN is this happening!?

Could you commit yourself to at least this one date in front of your shareholders?

Yes, I will be working on this the next few days.  I don't see to many problems getting it running ASAP.

So what exactly did you achieve in the "next few days" since the 31st?

Ken?

[knybe]

can someone post our dividend wallet again for ACTM.  I forget where it is in this thread

https://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

also: https://bitcointalk.org/index.php?topic=297503.msg3192907#msg3192907

[finlof]

Profit Projections On Our 55nm Deployment

Ken - a few questions

1. does this projection mean that you will only be mining with the 55nm chips and not be selling them?
   1a. seems like selling the chips directly provides a quicker and larger return, and if that return is then turned into more chips... (you see where I am going with this)
2. you have the hardware costs at $1,338,000.  does this include boards, assembly, installation, etc (basically all the costs for producing a working miner), or just chips?
3. can we assume that you would be mining in a pool, or are there plans to solo mine?
   3a. if you are going to solo mine, do you already have software/server/etc setup to be able to do this?
4. you set the projection to start on May 1, 2014 for 1.292 PH.  do you expect to have all the chips, boards, facility, etc up and running at the beginning of May 2014 for everything?  Would June 2014 be "more" realistic date, or does it need to be pushed out further than that?
5. you have the electricity cost in as $0.022.  What are the other costs involved (initial startup costs, the monthly data center rental, etc)?
6. your projection shows essentially 1.7MW of power usage for those chips.  that takes into account the chip power usage only.  what are the additional projected power needs for all the other equipment?
7. not really a question - you left bitcoin price at 958 and the price rise at 10% monthly.  I personally think that the numbers should reflect the current market and assume no change in BTC price.  or have multiple "realities" were you run projections on $500 BTC, current price of BTC, and some higher priced BTC.

thanks.

Thanks for the good questions, I will try and answer as many of these as I can in the Wednesday update.

hopefully we will have some answers to these questions in tomorrow's update.

[knybe]

here's an example of a really good ASIC manufacturer update:

KnC News Update

Concise and well written and English isn't even their first language.

also, more importantly, a backup plan to deliver hashing power no matter what.

…just saying.

[babybonobo]

While y'all argue over useless conspiracy theories and crumbs-like clown talk (you are so annoying and immature), others are making their own decisions and strategies.  Not everybody tells all, here.  I personally think that the shares will all sell.  I may disagree with how this was done, but going on creative speculation rampages is not helpful for your own sanity or the sanity and productivity of others.  There are a lot of ways to see this, and the future will show us the results--not speculation.  Instead of making information up, IMO it is wiser to wait and make plans, albeit unfortunate.

[stenkross]

I dont even know why I come to the shit show anymore

Every day I hope to pick out something useful

+1

[minerpart]

If all you people who keep saying this thread is shit actually made some quality posts instead of just logging on to say 'this thread is shit'...well this thread might get a bit better maybe?

100% of the nonsense on here is due to Trolls. That's bitcointalk for you. So do feel free to slag the thread and by implication everyone on it, but also be aware that the Trolls are laughing up their sleeves when you say that.

[SoylentCreek]

I dont even know why I come to the shit show anymore

Every day I hope to pick out something useful

+1

I'm merely checking in to see if we have started trading yet.  I see that Ken has apparently valued the listed shares at .0005 per unit, which is the original AMC IPO.  Not quite sure how I feel about that, but I guess we'll know soon how this will play out.  If it wasn't for the fact that I have committed to not investing another satoshi into this company until we at least get our dividends that we are owed, I would consider tossing another Bitcoin or two in at these prices.  I may indeed regret not doing that in a few months, but Ken has a ways to go before I entrust anymore of my money to him.

[knybe]

I'm merely checking in to see if we have started trading yet.  I see that Ken has apparently valued the listed shares at .0005 per unit, which is the original AMC IPO.  Not quite sure how I feel about that, but I guess we'll know soon how this will play out.  If it wasn't for the fact that I have committed to not investing another satoshi into this company until we at least get our dividends that we are owed, I would consider tossing another Bitcoin or two in at these prices.  I may indeed regret not doing that in a few months, but Ken has a ways to go before I entrust anymore of my money to him.

+1 well put sir.

[kslaughter]

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

[VolanicEruptor]

Yep Uyko's shares, part of the 10Mill and if Uyko had them he'd probablly be desperate for BTC and selling them himself for 0.0025.

So ken puting them at 0.01 is doing us no harm whatsoever.

You think he's actually going to sell any for .01?  Of course not.
My prediction : He will keep lowering that price until he sells them.  Watch.

I had to dig this up to show you guys, all of Kens bullshit is predictable from this point on.  Watch it all collapse. as he tries to squeeze every last dime out of us.

Leave Ukyo out of this, there is no value left in this company.

[nyc77]

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

LOL. "You wanna sell your shares to get out of this? Not until you've bought the 220k shares I put up!"

ROFLMAO

This is getting more awesome by the hour...

[VinceSamios]

Sell wall has been lifted... new wall coming?

[minerpart]

I had to dig this up to show you guys, all of Kens bullshit is predictable from this point on.  

With 20 or 30 shares selling at 0.01BTC over 2 weeks it doesn't take a rocket scientist to determine the price was too high. But why not congratulate yourself on that prediction. No-one else spotted it:

I would not buy them at 0.01 right now. The news and situation right now suggests a price of 0.004BTC per share and above for this company.

[knybe]

Sell wall has been lifted... new wall coming?

broken down into shorter walls.

[minerpart]

Sell wall has been lifted... new wall coming?

That would make sense, 20%+ in a day sold.

[interJ]

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

So do you admit that you are willfully withholding shareholder access to their shares while you have unimpeded access to the market?


...and you think this is ethical... how exactly?

[kslaughter]

Let's not forget normal action for Ken would be to sue Ukyo for the money owed and Ukyo has already stated that if anyone were to sue him he'd just declare bankruptcy and that no one would get paid.

Ken has no obligation to Ukyo's debts and only has obligation to his shareholders regarding this transaction.

That said; I don't think anyone really has issue with the price... the real issue is that Ken has started trading shares before he's returned access to our own. If we were open trading right now the market would set that price not Ken. We should have resumed normal trading before Ken dumped those shares; you can make what ever excuse you want about it... it just is wrong to do it this way.

You made the point that Ukyo could declare bankruptcy.  This is why we have to have a fire sale at this time.  Should Ukyo declare bankruptcy, the court would put a stay on selling any of his assets, and Active Mining would be stuck until the court confirmed that our lien on the shares comes before other debtors.  So, this is the reason for putting up the shares at this time ahead of other shareholders being allowed to trade.

So do you admit that you are willfully withholding shareholder access to their shares while you have unimpeded access to the market?


...and you think this is ethical... how exactly?

No, I am not willfully withholding shareholder access to their shares to have unimpeded access to the market.  I am liquidating the shares due to the above reasons.