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

[mainline]

fine thanks, I did the maths...

Risk = 50%
Reward = 500%

Is it a good high risk investment? Well, if I invested in 10 companies with the same risk/reward, the 100BTC I invest with each will return 250BTC - so yes, it's worth the risk.

Of course if you are investing money you don't have, and basing all of your decision on uncontrolled panic and fear, then the investment could be anything from the holy grail of life, to a bubbling pit of firey hell on earth.

Most people here are more "Bipolar" than "Investor"

I think I see your problem, Vin, and I'll correct your numbers:

Risk:  Scam, obvious to two-year-old.
Reward:  Who cares, it's a scam.

(Scam) * (Who cares) =

You did your math wrong, buddy.

But your strategy of giving your money to every scammer that ascs for it, on the off chance that one of them accidently makes you money is a win.  You should write a book -- I'm sure every Active Miner would buy a copy.

The tragedy of your situation is not that you've lost all of your coin in this abortion, but the fact that you've learned absolutely nothing.
Next aging alcoholic that comes along will take the rest of your money.

[SebastianJu]

He brought this on himself through his own incompetence.

Thats what i mean... it sounds like revenge and for investors it looks like a bad idea. Personally i see the risk that way:

Risk of VMC never starts really: 30%
Risk that the profit at the end will be less than the investment shareholders did: 75%
Risk that you get satoshi dust when the company have to close and refund customers and shareholders: 80%

At the end... you cant sell the shares because only 3BTC are in the buy-side of the orderbook till 0.0001BTC. I dont see that growing much. So big shareholders dont have a real choice to sell. If they enforce it they will have nothing in return instantly.
So the only choice is to gamble on VMC to get back at least most of the investment.

Liquidating VMC now, with the progress of developing, and with all the bitcoins spent, would be similar to selling your shares into an empty orderbook. You get nothing back.

Like i said... the only choice i see is to gamble in the hope to get at least a good chunk of the investment back. I dont have high hopes that it will become a profitable project when i see the dates ken is speaking about.

[runam0k]

Time for another shareholder advisory board initiative?

[VinceSamios]

The company has at least 0.00014 BTC per share in bitcoins - $1mil in funds paid to a company (be that eASIC or another) - 55nm IP - these things aren't worth nothing.

But by all means let's all panic.

[DeadwoodDan]

Time for another shareholder advisory board initiative?

I move to make People's ASIC design us some chips for a time machine so we can unreport Ken to the SEC.

[EduardoDeCastro]

Time for another shareholder advisory board initiative?

I move to make People's ASIC design us some chips for a time machine so we can unreport Ken to the SEC.

And what do you think Intellihash(tm) is?  It makes hashers hash faster as difficulty climbs.
How?
By firmly grasping the spacetime continuum at both ends and twisting it around just so ... until... PROFIT!

Ken's always one step ahead of unvisionary mundanes like us

[EduardoDeCastro]

The company has at least 0.00014 BTC per share in bitcoins - $1mil in funds paid to a company (be that eASIC or another) - 55nm IP - these things aren't worth nothing.

But by all means let's all panic.

Lol, no.  Gordon's Gin ain't free...  Cheap, but not free.

[knybe]

The company has at least 0.00014 BTC per share in bitcoins - $1mil in funds paid to a company (be that eASIC or another) - 55nm IP - these things aren't worth nothing.

But by all means let's all panic.

Dude what don't you get? Bitcointalk schemes are rife with scam and this is play by play going down the same way.

Ken has lied, broken promise after promise and has not accomplished one fucken thing he claimed he would. Let's face it man, Ken Slaughter is not an A-list type that makes things happen.

Ken has not provided proof of anything. There are no photos of receipts or letters from MSD or even a photo of him shaking hands with "our engineers." Hell he hasn't even provided proof of designs in the form of renderings of boards or chip schematics and we all take this as a ligitimate operation!!! Holy Fuck.

Ken has not delivered on anything. The plan has changed dramatically from the eASUC concept and now it looks like they might be, just maybe involved... I dunno "we're getting a quote from them" what a buncha shit! wtf happened to the NRE?!

This whole thing is coming off like some old washed up fart's fantasy of what he could have done if he had a million dollars of OPM but really had no clue or ability as to go about doing it.

There is not one ioda of evidence that this is not a scam...This is playing out way worse than any previous scam.

We are bag holders in the worse way too because we don't even get to hold the bag... We just have a screenshot of it.

The trolls have been right all along.

[drawingthesun]

We just have a screenshot of it.

I only have a line of text.

[minerpart]

On the topic of VE reporting ACtM to the Missouri Fiscal Authority  (or whatever they are called) have to say this is great news. They must have all of VE's details, I don't think they would act on an annonymous complaint. So when I send them all the info on the threats VE has made to Ken's life, the threat to shoot him, the mention and selling by VE of 9mm ammo on this forum well they will just hand it all to the local FBI office or local Police. Maybe even the Moon embassy.

So thanks VE, you may have put the final nail in the coffin of this company through sheer selfishness and resentment but atleast you will be investigated too.

[EduardoDeCastro]

Lol, of course, Ken didn't plan for such an unlikely contingency.
Steal money from hundreds of Anons, and ... wait for it ... one of them reports it.
Unheard of

[snowdropfore]

does it mean the actm is totally a scam and we will get nothing back??

[minerpart]

does it mean the actm is totally a scam and we will get nothing back??

No. There is no evidence this is a scam. Nothing.

There is little evidence that Ken has orders with UMC and has paid eASIC so I suggest we try to get that now. Neither eASIC or UMC have denied Ken's claims which at the moment is all the corroborative evidence we have.

[knybe]

It may not be a scam but it's a hack attempt at a mining operation by a complete bozo who failed months ago.

[minerpart]

It may not be a scam but it's a hack attempt at a mining operation by a complete bozo who failed months ago.

This bozo has paid out 630 BTC to shareholders.

And created a 'strong proposal' for a 25TH/s mining rig with eASIC - according to eASIC.

[mainline]

...
No. There is no evidence this is a scam. Nothing.
...

http://s16.postimg.org/5noo6p085/Capture.jpg

[lobbes]

does it mean the actm is totally a scam and we will get nothing back??

No. There is no evidence this is a scam. Nothing.

There is little evidence that Ken has orders with UMC and has paid eASIC so I suggest we try to get that now. Neither eASIC or UMC have denied Ken's claims which at the moment is all the corroborative evidence we have.

There's no real evidence of progress. Nothing. Where did the $1 million dollars for the NRE go? A lot of promises; many broken.

'Scam' is just how you define it. I remember somebody refer to it as a "Take people's money and sit on your ass" scam.

Failure vs intentional scam is almost a moot point. The bottom line is, I don't think there's going to be an ROI for anyone involved. If we're lucky, there might be trading again. But even then, who is going to buy the stock at this point?

[knybe]

It may not be a scam but it's a hack attempt at a mining operation by a complete bozo who failed months ago.

This bozo has paid out 630 BTC to shareholders.

And created a 'strong proposal' for a 25TH/s mining rig with eASIC - according to eASIC.

Look man, I totally appreciate your viewpoint but face the facts: the man doesn't even defend himself against accusations or attempt to provide any proof of what he says he's doing.

He is a bafoon who doesn't proof read or spell check.

I've had a bad feeling about this for months just based on his inability to articulate his words.

[Rawted]

At what point does this farce officially qualify to be deemed a SCAM?

How do we go about getting a scammer tag on kenslaghter?

Only members with default/green trust can leave that automatic red trust. I have gone ahead and left a negative trust review on kslaughter's profile to help warn any future investors.

I know I have been callous in my attempts to help some of you see the light, but I am truly sorry for everyone that lost money to this whole thing.

[thefunkybits]

Ken, any updates on Intellihash? Will this be ready to go when we receive our chips in April?