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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629453 times)
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minerpart
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April 05, 2014, 09:17:03 PM
 #1781

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?


As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.






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April 05, 2014, 10:03:58 PM
 #1782

It's in kens best interest to pay out the .0025 to the 10mill first
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April 05, 2014, 10:23:46 PM
 #1783

It's in kens best interest to pay out the .0025 to the 10mill first


It's in the business prospectus to pay out the 0.0025 first, so there's really no way around it without creating a shitstorm.
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April 05, 2014, 11:23:21 PM
 #1784

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.
drawingthesun
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April 06, 2014, 12:05:46 AM
 #1785

Hey Ken good work.

Do you have a timeline for our custom 28nm? Are you designing it to be similar to hashfast chip?
auto2nr1
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April 06, 2014, 12:07:01 AM
 #1786

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.
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April 06, 2014, 12:47:21 AM
 #1787

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?


As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.


I'll keep my fingers crossed for that.
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April 06, 2014, 01:52:59 AM
 #1788

Let's say dividends are 0.0002 BTC per share per month, how would that compare to the share price?


As a rough guide (for a successful ACtM) share price will settle at a ratio of between 4:1 and 10:1 with the annualised dividend.

So between 0.0096 and 0.024.
we do not have our own chip yet ,don't be too optismistic.  but i hope we can success.








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kslaughter
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April 06, 2014, 02:40:42 AM
 #1789

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.
Ozymandias2
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April 06, 2014, 02:44:17 AM
 #1790

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?
kslaughter
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April 06, 2014, 03:06:56 AM
 #1791

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate.  1) Available power, we have to install step down transformers, power panels and outlets in each rack.  2) Available funds for mining boards, power supplies, coolers, cables, etc.  3)  The amount of time it takes to install a working miner in the rack.  4) The amount of time it takes to tweak the miners for maximum performance.  5)  Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.     
Ozymandias2
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April 06, 2014, 03:11:03 AM
 #1792

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate.  1) Available power, we have to install step down transformers, power panels and outlets in each rack.  2) Available funds for mining boards, power supplies, coolers, cables, etc.  3)  The amount of time it takes to install a working miner in the rack.  4) The amount of time it takes to tweak the miners for maximum performance.  5)  Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.     

Interesting! Thanks for the detailed answer!
drasted
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April 06, 2014, 03:14:11 AM
 #1793


The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.


What else needs to be done with it? You told us months ago it was ready and that you just needed to upload it.

I just have to set it up on the server.
JoTheKhan
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April 06, 2014, 03:33:04 AM
 #1794

Data Center Update: 4/5/2014

We are continuing to bring up machines in our data center; however, we won't have the air conditioning running until next week, so this may limit us to the number of TH we can put on line this week.

Shipping of products:

Due to bring the Data Center online on Thursday and Friday we did not ship any products.  We will continue shipping starting on Monday the 7th.

Can you let us know when the AC will be running? Early or late next week? Also, when will you finish up the verification of shares so we can start trading? Thanks.

The AC should be running late next week, they are waiting on parts.  I will start working on the verification program on Monday, moving it up to the server and testing it out.

Once the AC is up, is there any reason, even if one that you can't/wont disclose, for increasing the self-mine by 100th/s per month instead of faster? Is time the limiting factor? If so, would it be possible to hire someone solely to build the mine?

There are a number of factors which limits how fast we can increase our self mining hash rate.  1) Available power, we have to install step down transformers, power panels and outlets in each rack.  2) Available funds for mining boards, power supplies, coolers, cables, etc.  3)  The amount of time it takes to install a working miner in the rack.  4) The amount of time it takes to tweak the miners for maximum performance.  5)  Maximum available power and cooling, we believe using our calculations we have enough power and cooling for 1,069 TH based on the electrician's estimate.     

You mention "using our calculations we have enough power and cooling for 1,069 TH based on electrician's estimate." But what about Funds. (2), do we currently have enough Funds to raise 1,069THs?
drawingthesun
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April 06, 2014, 03:37:04 AM
 #1795

You mention "using our calculations we have enough power and cooling for 1,069 TH based on electrician's estimate." But what about Funds. (2), do we currently have enough Funds to raise 1,069THs?

This is why I think it's important to get full ROI before splitting the dividend 50/50 (reinvestment+shareholder profit).

If we don't get the full ROI back before sending shareholder their profit, this company will bleed money.

I really want to hear Ken's opinion on this matter.

I think the process needs to be:

Mining until FULL ROI. --> Now split 50% shareholder dividend, and 50% reinvestment for even more money so the company can make great progress.

I'm not sure where my old simulator went, but high reinvestment ALWAYS ended up with the shareholder making more money from dividends in the long run.
JoTheKhan
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April 06, 2014, 03:46:24 AM
 #1796

I'm 100% For us Reinvesting 100% until we're in the black, but before this considered by Ken I ask that he has a set game plan out for what to do with this money. If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.
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April 06, 2014, 03:53:34 AM
 #1797

I'm 100% For us Reinvesting 100% until we're in the black, but before this considered by Ken I ask that he has a set game plan out for what to do with this money. If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

I'm undecided on this issue, but I don't believe that this line of thinking follows. Funds could be needed at a later date (say for mass wafer production of the custom chip) so they may have to sit until they are needed (unless I misunderstood your post and this wouldn't count under your "not go to use" clause. Granted, I do believe some dividends should be paid out, but a war chest could be useful.
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April 06, 2014, 04:08:07 AM
 #1798

If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

Just remember one thing, all money that gets paid out as a dividend will never ever return to ActiveMining, the company had its IPO and it's unlikely to have a third one.

I have no problem with the ROI funds sitting in a wallet for months. Worst case scenario Ken one day closes the company and pays out the wallet funds as a final dividend.

If we have 1000 bitcoin, and then use all of it for 5,000 boards/chips, now after 3 months we have ROI, so now we have 1000 bitcoin again, this is good. Now 50% goes back to the company and we the shareholders are getting profit from the dividend.

It's profit because the company is no longer losing value. The warchest is the same base it was by the time we get a dividend so our share value remains constant as we get paid out profit. In fact the value of the share shall rise because of the 50% reinvestment.

Now if Ken pays out funds before ROI, the shares MUST fall in value because capital is being lost back to shareholders (This isn't sustainable either)

The whole point of buying hashfast was to make profit. So that in the future both ActiveMining and the shareholders will be better off. If we pay out before ROI we risk ruin by taking valuable capital away from the company.
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April 06, 2014, 04:11:14 AM
 #1799

If it's going to sit in a wallet for months or weeks and not go to use then he might as well pay it out as dividends.

Just remember one thing, all money that gets paid out as a dividend will never ever return to ActiveMining, the company had its IPO and it's unlikely to have a third one.

I have no problem with the ROI funds sitting in a wallet for months. Worst case scenario Ken one day closes the company and pays out the wallet funds as a final dividend.

If we have 1000 bitcoin, and then use all of it for 5,000 boards/chips, now after 3 months we have ROI, so now we have 1000 bitcoin again, this is good. Now 50% goes back to the company and we the shareholders are getting profit from the dividend.

It's profit because the company is no longer losing value. The warchest is the same base it was by the time we get a dividend so our share value remains constant as we get paid out profit. In fact the value of the share shall rise because of the 50% reinvestment.

Now if Ken pays out funds before ROI, the shares MUST fall in value because capital is being lost back to shareholders (This isn't sustainable either)

The whole point of buying hashfast was to make profit. So that in the future both ActiveMining and the shareholders will be better off. If we pay out before ROI we risk ruin by taking valuable capital away from the company.

This hinges on Ken making the right decision everytime and things always working out. We still don't know how much we lost on the eAsic deal or the 55nm deal. This is also money ActiveMining will never get again. What's the point of throwing money at stuff that won't stick, it would be better served paying Divs
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April 06, 2014, 04:12:22 AM
 #1800

Basically, if we pay out too soon and ActiveMining can't get it's own profit for reinvestment + the ROI then the shares MUST fall in value. Capital is being lost and it will not return.

If we demand that ActiveMining gets itself sqaure by mining and selling it's hardware before reinvestment and dividend, the shares must RISE in value because ActiveMining will be adding capital back into operations.

Capital lets Ken buy more bulk, so cheaper $/gh and also lets Ken pursue a full custom chip.

I am actually uncomfortable with ActiveMining having less than 3,000 Bitcoin to it's name, it doesn't give us a lot of space to work.

I want money now as much as anyone. I put a lot into this, but I also know that ActiveMining is not rich and paying out too much too soon will mean I never get my ROI.
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