[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[gjpminingco]

MSD refers to Missouri Securities Div.  it is the State Level of the SEC

[Mabsark]

I then place an order for Smart-Hash™ Slide Rails .
My BTC payment through mt.gox was accepted on 2013-11-26 08:11:10 .
And was delivered on 2013-11-26 08:11:10 .

I have been waiting for my hardware since 5+ months and have been pulling my hair out starring those blank slide rails since 4+ months .

And the mystery of the shipped product was solved!

[tempestb]

There's no money for a new chip.  Ken was asked how much we have left.  It was that 1400 some Bitcoins, which I haven't looked at recently but assuming everything to pay the employees, lawyer, and such is coming out of there, it's dwindling.

If his plan is to mine with 100th and reinvest to try and get another 100th, and then build a custom chip from that.  Forget it...  What's that going to work out to?  $200,000 before it uses more power than it earns?  After you pay people and whatever, there is nothing.  Better hope the coin value bounces back in a big way. 

[drawingthesun]

I can't believe people are paying 0.0008 for an ActiveMining share.

I promise you, as soon as we can trade for real this game is over. People paying this much are going to get hurt.

I know that myself and some other people want out and will continue to sell far below 0.0007 to get some bitcoin back. We account for over a million shares and will not stop until we are no longer holding AvalonMining inc.

But please, keep wasting your money on 0.0007/0.0008. Once the big boys trade you'll never see that price again.

[kingcrimson]

If his plan is to mine with 100th and reinvest to try and get another 100th, and then build a custom chip from that.  Forget it...  What's that going to work out to?  $200,000 before it uses more power than it earns?  After you pay people and whatever, there is nothing.  Better hope the coin value bounces back in a big way.

which was the exact same plan as Labcoin btw. Like dts, any bids over .0001 / share will be like christmas to me.

[struma]

Like dts, any bids over .0001 / share will be like christmas to me.

Not sure I believe you but selling at that price may prove either very stupid or very brave.  Perhaps both.  Can't wait to watch that bloodbath! 

[Flashman]

BItcoins flowing into your mining address wasn't the main purpose. Having your own chips and selling them was!

Wrong, it's 50% of the main purpose, AMC the mining arm, and VMC the hardware arm united as ActiveMining.


Annnd, complaining about a mining company mining makes you seem, what's the phrase I'm looking for here... dumb as a rock.

[Phildo]

BItcoins flowing into your mining address wasn't the main purpose. Having your own chips and selling them was!

Wrong, it's 50% of the main purpose, AMC the mining arm, and VMC the hardware arm united as ActiveMining.


Annnd, complaining about a mining company mining makes you seem, what's the phrase I'm looking for here... dumb as a rock.

The point should be to make bitcoins. The point was to mine using your own miners. A company that sells miners should know how bad of investment it has traditionally been to make bitcoins using purchased miners.

This plan will get more coins into the mining address, that doesn't necessarily mean it's a good thing.

[struma]

Yes, but there is more than one way to skin a cat.  Progress and simply keeping afloat is what really matters here because of the enormous potential.  kslaughter's managerial skills may be in question but his ability and willingness to react to the ebb and flow may prove to be his greatest asset.  Time will tell.

[Flashman]

I am somewhat grateful that he isn't the type of stubborn that goes plowing blindly ahead with things once they have stalled and the landscape has changed.... otherwise we'd have $$$ in 1st gen avalon clones "just waiting for chips" still.

We've been unlucky in the choices of chip partners thus far, but Ken has I think limited damage as far as humanly possible. We all just get frustrated waiting for something, anything, to go all the way and bear fruit.

[RoadStress]

BItcoins flowing into your mining address wasn't the main purpose. Having your own chips and selling them was!

Wrong, it's 50% of the main purpose, AMC the mining arm, and VMC the hardware arm united as ActiveMining.


Annnd, complaining about a mining company mining makes you seem, what's the phrase I'm looking for here... dumb as a rock.

Good luck with your investment!

[Phildo]

Yes, but there is more than one way to skin a cat.  Progress and simply keeping afloat is what really matters here because of the enormous potential.  kslaughter's managerial skills may be in question but his ability and willingness to react to the ebb and flow may prove to be his greatest asset.  Time will tell.

There are many ways to skin a cat, but (made up numbers for ease) spending 10 bitcoins (or enough money to buy 10 bitcoins) on a machine that will make 8 bitcoins will lead to the skinned cat called bankruptcy.

[struma]

There are many ways to skin a cat, but (made up numbers for ease) spending 10 bitcoins (or enough money to buy 10 bitcoins) on a machine that will make 8 bitcoins will lead to the skinned cat called bankruptcy.

It's easy to validate any argument if we are allowed to make up the numbers.  The point is; provided the company is actively mining, expanding that mine and selling 'IN STOCK' hardware while developing future products as the value of bitcoin goes through the roof then the outlook is very bright.  I'm not saying this is a certainty and I know there are two sides to every non digital coin, but as I said, progress and keeping afloat is what really matters right now.

[struma]

It's evident that the price of Bitcoin will go through the roof.  You yourself will agree and it would be niave not to factor this into one's planning.  It is not a prerequisite for ACTM to succeed.
'Whose stock?' is only one of many unanswered questions.  Maybe buy one yourself and report your findings while contributing to my divs.  

[knybe]

I can't believe people are paying 0.0008 for an ActiveMining share.

I promise you, as soon as we can trade for real this game is over. People paying this much are going to get hurt.

I know that myself and some other people want out and will continue to sell far below 0.0007 to get some bitcoin back. We account for over a million shares and will not stop until we are no longer holding AvalonMining inc.

But please, keep wasting your money on 0.0007/0.0008. Once the big boys trade you'll never see that price again.

Which is most likely why Kenneth has not tendered our share back to us.

[drawingthesun]

Which is most likely why Kenneth has not tendered our share back to us.

As I expected. We will never see bitcoin or shares from this company. We are being blocked.

[Phildo]

There are many ways to skin a cat, but (made up numbers for ease) spending 10 bitcoins (or enough money to buy 10 bitcoins) on a machine that will make 8 bitcoins will lead to the skinned cat called bankruptcy.

It's easy to validate any argument if we are allowed to make up the numbers.  The point is; provided the company is actively mining, expanding that mine and selling 'IN STOCK' hardware while developing future products as the value of bitcoin goes through the roof then the outlook is very bright.  I'm not saying this is a certainty and I know there are two sides to every non digital coin, but as I said, progress and keeping afloat is what really matters right now.

those are just numbers to illustrate the point. If bitcoins are worth $1 each or 1,000,000 each, x bitcoins are always better than y bitcoins if x>y. As soon as people start to figure that out, this crazy mining race will slow down to a reasonable pace and people will be able to make money mining. If anyone should know that, it would be "owners" of a company that sells miners.

[damiano]

If his plan is to mine with 100th and reinvest to try and get another 100th, and then build a custom chip from that.  Forget it...  What's that going to work out to?  $200,000 before it uses more power than it earns?  After you pay people and whatever, there is nothing.  Better hope the coin value bounces back in a big way.

which was the exact same plan as Labcoin btw. Like dts, any bids over .0001 / share will be like christmas to me.

I will gladly pickup your shares for .0002

I am a big gambler by nature 

[kslaughter]

Development board running here:

Early Prototype Development Board

[pedrog]

Development board running here:

Early Prototype Development Board

Specs?