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Author Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated]  (Read 629453 times)
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snowdropfore
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May 12, 2014, 11:44:39 PM
 #3101

if we should get 0.0025B per share,that would be 25000B ,50% for reinvesrtment, 50000B ,is that possible??

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May 12, 2014, 11:46:17 PM
 #3102

What happens if you DON'T ask for your assets to be transfered to Crypto Trade?

You lose them?

You don't lose them but you don't get dividends?

Nothing happens but you will someday get another chance to trade them?


I look at the prices assets go in CT right now and my head explodes.
0.000078   Shocked

My faith in AM is diven my MANLY TEARS

I haven't seen answers to these questions yet, but the end of the "migration" of shares is May 21st.  At which point (theorhetically) we would be greenlit to begin receiving dividend payments.
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May 13, 2014, 01:33:27 AM
 #3103

wow what a great exit price you're all getting on your shares… your original money had to have gone somewhere right? oh well guess it was just another trickle-up scheme.

My conclusion: Never ever ever trust anyone ever again in the bitcoin "mining industry" …they all look shady as fuck.

Personally I don't see how anyone can sell at the current prices.  Depending on where you originally bought, people are getting just pennies on every dollar they invested. 

If you think there is even a small chance that this stock can at least temporarily spike up based on some good news/bitcoin's price rising rapidly, then I don't see how you can sell for <0.0001 like people are right now. 

I for one would lose close to 80 BTC if I were to sell right now, eff that. 

I hope you're right but I cannot see how anyone will ever take this or any bitcoin mining company seriously again.

The pool has been sitting at 80TH for a long time now, when 170TH was supposed to be fully operational by now

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
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May 13, 2014, 02:22:35 AM
 #3104

wow what a great exit price you're all getting on your shares… your original money had to have gone somewhere right? oh well guess it was just another trickle-up scheme.

My conclusion: Never ever ever trust anyone ever again in the bitcoin "mining industry" …they all look shady as fuck.

Personally I don't see how anyone can sell at the current prices.  Depending on where you originally bought, people are getting just pennies on every dollar they invested. 

If you think there is even a small chance that this stock can at least temporarily spike up based on some good news/bitcoin's price rising rapidly, then I don't see how you can sell for <0.0001 like people are right now. 

I for one would lose close to 80 BTC if I were to sell right now, eff that. 

I hope you're right but I cannot see how anyone will ever take this or any bitcoin mining company seriously again.

The pool has been sitting at 80TH for a long time now, when 170TH was supposed to be fully operational by now

That is because of the AC, which just got fixed today.  Also, I have said that our max due to the AC is 120-150 TH.
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May 13, 2014, 02:29:34 AM
 #3105

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?
drawingthesun
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May 13, 2014, 02:44:21 AM
 #3106

Do we have any realistic plans to get 1,000TH+ online?
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May 13, 2014, 02:45:21 AM
 #3107

Hashfast seem to be disintegrating right now and admit that they are almost broke. I hope the Hashfast deal isn't the only thing in the ActiveMining warchest, this would have been a good time for our Peoples ASIC custom 28nm ASIC.
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May 13, 2014, 02:56:42 AM
 #3108

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 
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May 13, 2014, 03:00:10 AM
 #3109

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 

Ken, you know that this company needs income around the $10,000,000 - $50,000,000 mark to actually have any chance of surviving. We need to be in a position to add many PHs and need a new datacentre for that.

I really hope the plan isn't to mine 1,000 bitcoin per year.
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May 13, 2014, 03:01:08 AM
 #3110

We really need to know what happens to us once Hashfast go bankrupt so that we can make an informed decision with our shares.
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May 13, 2014, 03:22:04 AM
 #3111

We really need to know what happens to us once Hashfast go bankrupt so that we can make an informed decision with our shares.

We got it under control.
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May 13, 2014, 03:24:49 AM
 #3112


Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 

How much TH is currently offline and owned not by VMC for resale but funded by ActM's funds?
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May 13, 2014, 03:39:45 AM
 #3113


First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.
miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.
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May 13, 2014, 04:35:57 AM
 #3114

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 

what about the 25,000 BTC you owe investors? price of bitcoin doesn't matter in this context...
drawingthesun
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May 13, 2014, 05:34:22 AM
 #3115

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 

what about the 25,000 BTC you owe investors? price of bitcoin doesn't matter in this context...

Ken needs to earn us about 12,000 bitcoin per year before halving to get us a ROI.

To be honest, even if Ken can get up to 8,000 bitcoin per year I would be happy. Although I get the feeling that making 1,000 bitcoin per year will become the default as I am unsure how Ken intends to survive Hashfast and also get thousands of TH online in the next few months.
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May 13, 2014, 05:38:03 AM
 #3116

Now that it's fixed.. When can we expect to see 120th?

Is there a plan to upgrade the AC to bring more th online?

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price. 

what about the 25,000 BTC you owe investors? price of bitcoin doesn't matter in this context...

Ken needs to earn us about 12,000 bitcoin per year before halving to get us a ROI.

To be honest, even if Ken can get up to 8,000 bitcoin per year I would be happy. Although I get the feeling that making 1,000 bitcoin per year will become the default as I am unsure how Ken intends to survive Hashfast and also get thousands of TH online in the next few months.

active magic maybe?

btw, where is this number coming from? is that what all 10mil shares went for originally? 25.000 bitcoins? 
drawingthesun
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May 13, 2014, 05:48:19 AM
 #3117

btw, where is this number coming from? is that what all 10mil shares went for originally? 25.000 bitcoins? 

All the investors were promised 0.0025 btc per share. This is the knowledge that we had when we invested.

I'm not sure if 25,000 btc were ever raised as their was two IPO's and apparently it was quite messy at one point.

But the point is, the investors were meant to make at least 0.0025.

Of course many of us would be ok with getting 0.0005 - 0.001 as that would represent the same dollar value that many of us invested with.

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May 13, 2014, 06:34:40 AM
 #3118

Has anyone been able to send in the share transfer email the past few days? tried twice now and it appears as though the mailserver isnt responding..

"Final-Recipient: rfc822;kslaughter(at)axs.net
Action: failed
Status: 4.4.7"

emailed to the stated adress, ct-transfer(at)activeminingcorp.com
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May 13, 2014, 06:41:29 AM
 #3119

btw, where is this number coming from? is that what all 10mil shares went for originally? 25.000 bitcoins?  

All the investors were promised 0.0025 btc per share. This is the knowledge that we had when we invested.

I'm not sure if 25,000 btc were ever raised as their was two IPO's and apparently it was quite messy at one point.

But the point is, the investors were meant to make at least 0.0025.

Of course many of us would be ok with getting 0.0005 - 0.001 as that would represent the same dollar value that many of us invested with.



I invested btc, not dollars.

I therefore measure success or otherwise in btc ... not dollars.
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May 13, 2014, 07:17:02 AM
 #3120

I invested btc, not dollars.

I therefore measure success or otherwise in btc ... not dollars.

Yeah ok, but if you're waiting for "success" with this investment then good luck.

- Once we hit halving only a handful of companies will survive.
- We need to be making close to 18,000 bitcoin per year to return 25,000 to investors before halving. Remember the 50% split.

I measure success as getting the same dollar value out, because right now I am down 20 times in dollar value and 50 times in bitcoin value.
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