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JoTheKhan
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February 05, 2014, 04:33:27 AM |
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Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
I think this scam has entered the end game and y'all should be archiving all these threads, because Bargraphics's posts have a habit of not sticking around.
When the time comes to pass the hat around for lawyer's fees, just don't let Bargraphics or minerpart collect the donations!
Oh and someone should keep an eye on eBay for those Avalons, Ken's probably about done with them.
There have been no issues so far with refunding people. There is a misconception going around with these hundred measly coins. Every extra dollar Active Mining gets allows us to buy more wafers in May when the limit on the number we can order is removed. Who knows what 106BTC will be worth in May and how many chips that can get us. |
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DeadwoodDan
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February 05, 2014, 04:38:56 AM |
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Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
There have been no issues so far with refunding people. Right. Out of those supposed millions of dollars in preorders, only one person has ever made any noise on bitcointalk that I've seen. So have we refunded most of them and are now out of cash? Or were there ever actually millions of dollars in preorders? That one guy sure made it sound like getting a refund from AMC was like pulling teeth. |
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JoTheKhan
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February 05, 2014, 04:47:06 AM |
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Didn't we have millions of dollars in preorders? And Bargraphics assured us that AMC would have no problem refunding every last one if it came to that? Why is Ken suddenly desperate for this hundred measly coins? Booze money?
There have been no issues so far with refunding people. Right. Out of those supposed millions of dollars in preorders, only one person has ever made any noise on bitcointalk that I've seen. So have we refunded most of them and are now out of cash? Or were there ever actually millions of dollars in preorders? That one guy sure made it sound like getting a refund from AMC was like pulling teeth. Not sure who you are referring to. I personally haven't seen many people complain about refund issues. Most people paid for pre-orders back when BTC was worth $100-$400 (from the P&L sheet Ken gave out back in November). Ken then stated that he kept a lot of ActM Money in BTC and expressed bullish opinions when doing so. So some of the money that was gained from pre-orders might have appreciated in value as the price of BTC went up. In January Ken finally painted a much clearer picture, it was then stated by Bargraphics? And I think Ken that paying refunds was not going to be a problem and the company was financially afloat for the foreseeable future. The 55nm chip has already been paid for and taped out. (Idk about the 28nm chip) so right now Active Mining only needs money to pay workers (Do we have any workers except the engineers & family?), set up a mining farm facility and pay to order chips (this is where the 106BTC comes in to allow us to get more chips). Now I could wrong here and there are a few assumptions taken from views and opinions expressed by Ken himself. |
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DeadwoodDan
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February 05, 2014, 05:00:58 AM |
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That one guy sure made it sound like getting a refund from AMC was like pulling teeth.
Not sure who you are referring to. I personally haven't seen many people complain about refund issues. Most people paid for pre-orders back when BTC was worth $100-$400 (from the P&L sheet Ken gave out back in November). Ken then stated that he kept a lot of ActM Money in BTC and expressed bullish opinions when doing so. So some of the money that was gained from pre-orders might have appreciated in value as the price of BTC went up. In January Ken finally painted a much clearer picture, it was then stated by Bargraphics? And I think Ken that paying refunds was not going to be a problem and the company was financially afloat for the foreseeable future. The 55nm chip has already been paid for and taped out. (Idk about the 28nm chip) so right now Active Mining only needs money to pay workers (Do we have any workers except the engineers & family?), set up a mining farm facility and pay to order chips (this is where the 106BTC comes in to allow us to get more chips). Now I could wrong here and there are a few assumptions taken from views and opinions expressed by Ken himself. I can't find the guy's posts right now either. A newbie can only do one search every few minutes, apparently, and if it doesn't return results, tough. He sure was whiny though. But yes, I recall Ken repeatedly posting that in his opinion a bitcoin will be worth ten thousand of our Earth dollars quite shortly, and this will somehow rescue Active Mining. In that light, it would certainly make sense that he would be hodling BTC and quite aggressive in selling off stock to gain such BTC. He thinks the BTC value of the stock will drop, and quite sensibly. |
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kleeck
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February 05, 2014, 05:10:47 AM |
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~53,000 shares @ .0005 and now we're seeing some light buying @ .0006.
The 55nm chips alone should pay back all of the 0.0025btc per share. Then we have the custom 28nm. These buyers are lucky sods. Ken needs about 25K BTC to pay .0025BTC per share, now I know little about mining but I do know that these 55nm chips will not be getting 25K btc. A simple calculation taking into account the several month wait time and the rising difficulty shows we would need at least 5,000 TH/s to make 25,000 bitcoin. You are correct, the 28nm are required to make our 0.0025 back, as the 55nm cannot do this unless ken is planning to run 2 million of those chips! 2 million! 2 million!! OMG! @ $2000/Wafer (A number shaofis came up with  ) it would cost ActM around $588,235 to produce die in the ballpark of 2,000,000. Given a reasonably high yield, of course. (I'm not really sure what to expect from UMC, yield-wise.) If yield per wafer is low then we could see ourselves closer to between $650K - $750K. All in all, not too ridiculous of a cost. I'd wager sitting on funds like these would be a better option, though, given that the 28nm FCIC is slated to be to market a few months after the 55nm. |
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zefyr0s
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February 05, 2014, 07:14:36 AM |
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I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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February 05, 2014, 07:23:42 AM |
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I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
That was my conclusion, that Ken really needs this 100 bitcoin. |
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VinceSamios
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February 05, 2014, 08:03:19 AM |
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I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
That was my conclusion, that Ken really needs this 100 bitcoin. You guys are idiots.... that said, $85k means about 50 wafers = 340,000 chips or 170,000 packaged chips = 323TH/s - yes the company needs the cash, because the company needs to buy as much hashing power as quickly as possible. Yes the company needs that 100 bitcoin. Can we all pull our panties up now? |
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VinceSamios
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February 05, 2014, 08:53:13 AM |
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I can't help but feel that a little bit of this Ukyo/Actm Share business is spiteful on Ken's part. The alternative is Ken really needs that 100btc. For what? dunno. I am happy to see that wall go away, it seems to have sparked some trading movement too, neat. Should let the less-confident get out while they still want to.
That was my conclusion, that Ken really needs this 100 bitcoin. You guys are idiots.... that said, $85k means about 50 wafers = 340,000 chips or 170,000 packaged chips = 323TH/s - yes the company needs the cash, because the company needs to buy as much hashing power as quickly as possible. Yes the company needs that 100 bitcoin. Can we all pull our panties up now? Actually I don't think you are idiots, I think since the BTC price increase you've just got too much skin in the game and that's causing you to think more emotionally. |
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EduardoDeCastro
Newbie
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Activity: 42
Merit: 0
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February 05, 2014, 11:47:01 AM
Last edit: February 05, 2014, 02:45:48 PM by EduardoDeCastro |
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...
Can we all pull our panties up now?
You're in the wrong neighborhood bro, you want iFap2Crossdressers.com. This is the thread for people who liked getting robbed. Different fetish. |
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drawingthesun
Legendary
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Activity: 1176
Merit: 1015
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February 05, 2014, 12:40:58 PM |
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When can we trade? I wanna put up another 0.0005 wall!
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nyc77
Newbie
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Activity: 42
Merit: 0
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February 05, 2014, 01:08:42 PM |
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When can we trade? I wanna put up another 0.0005 wall!
Me too. I am using IntelliTrade (tm) |
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VinceSamios
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February 05, 2014, 01:12:46 PM |
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When can we trade? I wanna put up another 0.0005 wall!
I'm trading already ;-) |
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JimmyJazz
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February 05, 2014, 01:16:24 PM |
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HOW LOW WILL IT GO???
LEMME OUT OF THIS CAGE KEN!!!
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VinceSamios
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February 05, 2014, 01:27:08 PM |
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HOW LOW WILL IT GO???
LEMME OUT OF THIS CAGE KEN!!!
Jimmyjazz: I have a few buy orders in for extremly low prices incase someone just hits sell at all costs. heh jimmy - you really want those super cheap shares don't you. I know a lot of guys waiting for mainstream trading hoping to pick up supercheap shares - I don't think we will actually see it go low. |
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sparky999
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February 05, 2014, 01:30:10 PM |
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There is clearly some reasonably good support at .005, if those who want out are sensible price won't go much if any below that amount.
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JimmyJazz
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February 05, 2014, 01:34:53 PM |
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HOW LOW WILL IT GO???
LEMME OUT OF THIS CAGE KEN!!!
Jimmyjazz: I have a few buy orders in for extremly low prices incase someone just hits sell at all costs. heh jimmy - you really want those super cheap shares don't you. I know a lot of guys waiting for mainstream trading hoping to pick up supercheap shares - I don't think we will actually see it go low. I was taking the piss fancy pants. |
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finlof
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February 05, 2014, 02:23:52 PM |
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FYI - in addition to the 7 questions I posted before, I asked Ken about the 10.488 TH miner he announced and this is the reply:
One more:
8. you said most recently that the 7-unit (7x 4U units) miner was going to be 10.488TH. then you released that the boards for the 55nm chips will only hold 24 chips, which would mean 45.6GH per board, so it would need to have 33 boards per 4U box. is that 10.488TH still the official figure?
The 10.488 TH/s System is 230 cards in 2 42U racks. 1 Base unit with 5 cards and 15 expansion cases daisy chained together. |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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February 05, 2014, 02:33:15 PM |
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FYI - in addition to the 7 questions I posted before, I asked Ken about the 10.488 TH miner he announced and this is the reply:
One more:
8. you said most recently that the 7-unit (7x 4U units) miner was going to be 10.488TH. then you released that the boards for the 55nm chips will only hold 24 chips, which would mean 45.6GH per board, so it would need to have 33 boards per 4U box. is that 10.488TH still the official figure?
The 10.488 TH/s System is 230 cards in 2 42U racks. 1 Base unit with 5 cards and 15 expansion cases daisy chained together. Are those specs good or bad? |
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VinceSamios
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February 05, 2014, 02:37:20 PM |
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HOW LOW WILL IT GO???
LEMME OUT OF THIS CAGE KEN!!!
Jimmyjazz: I have a few buy orders in for extremly low prices incase someone just hits sell at all costs. heh jimmy - you really want those super cheap shares don't you. I know a lot of guys waiting for mainstream trading hoping to pick up supercheap shares - I don't think we will actually see it go low. I was taking the piss fancy pants. I generally do wear quite fancy pants - with lace and everything :p |
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