[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[drawingthesun]

Why does CryptoTrade show this:

762175 / 25000000 Outstanding

Why are 762,175 shares in the wild? UKYO had less than 300,000 shares.

Someone is getting preferential treatment and will be able to sell on good news before anyone else. This is not fair and pure manipulation of the price.

I wonder who else issued 400,000+ shares...

[1713561582]

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[minerpart]

Was discussed before, isn't it a fault with the CT log?

[drawingthesun]

Was discussed before, isn't it a fault with the CT log?

Not sure how that can be, even double UKYO's shares does not explain 700,000+

EDIT: I don't buy it. I am not willing to believe that the log accounts for three times the shares issued. And surely that mistake would have been corrected by now.

[Komodorpudel]

Amusingly i had more hope for activemining before "we" had something "in stock".

But if this is really a scam; why should someone invest such a great amount of time into  "developing/producing" a chip?
When he wanted to scam anyone with a finished product he could already have done that 3 months ago?

Maybe this is going the same road as MtGox; the money is gone and no one will ever find out what exactely happend

[jimmothy]

The level of absurdity this thread reaches sometimes is beyond me.   

You are talking of course about the fact that there still exist not a single picture of this long awaited hardware which is flying off the shelves right?

[drawingthesun]

No, I'm talking about how if left to your own devices you lot could convince yourselves that Man hadn't stepped foot on the Moon.  Anyway, we could go round in circles on that one.  I try as much as possible to always add something, even just a little thing to my posts, which may help improve things for the better.  If all of you did the same thing, rather than merely posting negative comments and leaving them to fester (yes I'm looking at you DTS, among others) then we might even make progress.  But maybe that's beyond some people's grasp.  Hey-ho.

Ken, this thing about photos as evidence;  publishing photos, as I believe you have said you now will, could certainly improve our sales.  It won't stop the cynics and fudsters as they'll just move onto another aspect of the business and continue bashing because that is what they do.

The thing is, if hundreds of customers got hold of our cards and we were also hashing with several hundred TH/s, eventually the critics would have to leave and admit defeat. I happily await that day.

[sporket]

No, I'm talking about how if left to your own devices you lot could convince yourselves that Man hadn't stepped foot on the Moon.  ...

There were photos of that.  From Ken?  Not so much...

[jimmothy]

No, I'm talking about how if left to your own devices you lot could convince yourselves that Man hadn't stepped foot on the Moon.  Anyway, we could go round in circles on that one.  I try as much as possible to always add something, even just a little thing to my posts, which may help improve things for the better.  If all of you did the same thing, rather than merely posting negative comments and leaving them to fester (yes I'm looking at you DTS, among others) then we might even make progress.  But maybe that's beyond some people's grasp.  Hey-ho.

Ken, this thing about photos as evidence;  publishing photos, as I believe you have said you now will, could certainly improve our sales.  It won't stop the cynics and fudsters as they'll just move onto another aspect of the business and continue bashing because that is what they do.

You see the difference is we have pictures of people on the moon. They even brought rocks back that people can examine.

There is not a single shred of evidence that these miners exist other than kens word.

In case you don't already know this, trolls and fudsters have absolutely no affect on the success of a company. The only thing that matters is activeminings ability to deliver (and at a competitive price but ill ignore that for now)

If active mining did magically go from development to selling bulk batches daily in a mere 4 days then he should provide some evidence.

As the saying goes, PICS OR BS.

[wasubii]

I think it is pretty obvious this is a rebranded Fast-Hash board with a Fast hash golden nonce chip.

So Ken can buy the boards for $1800 each

Any one know how much the chips cost if you buy them in 100 or 200 piece batches?

If we can get that information then we can see the profit on each sale.

Then we can assess if if it better to mine with these or sell them (my best guess would be that it makes more sense to sell them)

[drawingthesun]

I think it is pretty obvious this is a rebranded Fast-Hash board with a Fast hash golden nonce chip.

So Ken can buy the boards for $1800 each

Any one know how much the chips cost if you buy them in 100 or 200 piece batches?

If we can get that information then we can see the profit on each sale.

Then we can assess if if it better to mine with these or sell them (my best guess would be that it makes more sense to sell them)

The big question is, how many boards/chips do we have to resell before we have enough profits after tax to finally build a competitive ASIC? We will need to make at least $5,000,000 in after tax profits which brings us to $10,000,000 because of the other half that gets divided out to the shareholders.

[PurpleTentacle]

...
The sceptics say the Moon landing PICS are BS, and that's my point, once pics are provided the bashing will continue regardless because there is a coordinated effort being made to undermine the Bitcoin securities, and for all I know you may be a perp yourself, who knows.
...

I agree that there is an ongoing effort to undermine several companies by crumbs & co, but the fact that many genuine shareholders have become
skeptical of Ken is a direct result of his past actions (evasive answers, half-truths, selling ukyo's shares while holding ours hostage, no proof of
anything, cex.io and so on).

Ken has brought this entirely upon himself.

[jimmothy]

once pics are provided the bashing will continue regardless

The thing is you dont sell an in stock item without providing pics. Especially when your company has yet to ship a single product.

It's ridiculous and naive to think that the business can't be negatively impacted by trolls and fudsters on an Official Forum.

Fudsters have nothing to do with the failure after failure caused by Kens actions and inability to actually deliver.

[shaofis]

Why does CryptoTrade show this:

762175 / 25000000 Outstanding

Why are 762,175 shares in the wild? UKYO had less than 300,000 shares.

Someone is getting preferential treatment and will be able to sell on good news before anyone else. This is not fair and pure manipulation of the price.

I wonder who else issued 400,000+ shares...

There is a bug in CryptoTrade's system that causes this. I've opened a ticket with CryptoTrade a while back but got no response. I also let Ken know.

CryptoTrade charges fees on every transaction; it looks like the fees are being credited towards additional shares sold. These shares don't appear to be transacted but it is causing the counts to grow every time a transaction takes place. If the shares are being created (which I don't know for sure) we have a really big mess.

[ab8989]

I think it is pretty obvious this is a rebranded Fast-Hash board with a Fast hash golden nonce chip.

So Ken can buy the boards for $1800 each

Any one know how much the chips cost if you buy them in 100 or 200 piece batches?

https://bitcointalk.org/index.php?topic=262052.msg5959079#msg5959079

Hi BitchImightbe,

Appreciate your patience in my response, we've been quite busy here.

If you wished to purchase ASICs in bulk, this requires a two phase entrance:

- The Golden Nonce ASIC Evaluation Kit (EVK), provides the board design files (BOM, Schematic, Gerbers/PCB layout files) and hardware development samples (one working Golden Nonce mining board, and two Golden Nonce ASICs) for US $10,000. The purpose of the evaluation kit is to help you decide if you want to move forward with your own designs and products that use the Golden Nonce ASIC.

- Beyond the EVK, if you choose to move forward with designs and products, you will need to purchase a Hardware Development Kit (HDK) for $25,000 (note we credit the initial $10k invested from the EVK). This provides everything you need (e.g., microcontroller software, manufacturing and test tools, and technical support) to be able to ramp mass production for products that use the Golden Nonce ASIC.

- We cost the ASICs starting at $800 each, with discounts starting in quantities over 500.

We greatly appreciate your interest in HashFast and our Golden Nonce ASICs. We're proud that we have the fastest products in the industry, better than anyone else, and we have every intention of continuing to innovate for our volume partners.  

Let me know if I can answer any questions here. Or if you're ready to move forward, please provide the organization name, address, and phone and method of payment (we accept wire and BTC).

Thanks,

Joe

--
Joe Russell
Senior Account Manager
joe@hashfast.com

One important information to consider is that Hashfast has proven to be totally unreliable vendor. There is not one customer group that has not been screwed over by Hashfast. Hashfast has recently had their funds frozen by court decision in litigation against their customers which have not got what they paid for while hashfast boldly moves forward creating new products hoping for new money from new customers. See: http://digitaljournal.com/pr/1819167

[drawingthesun]

ab8989, does it seem likely ActiveMining is in possession of 200 golden nonce ASIC's?

[ab8989]

ab8989, does it seem likely ActiveMining is in possession of 200 golden nonce ASIC's?

I have no idea. Anything is possible. Personally I would be pretty surprised if AMC could have got their own manufacturing up in such a short time, only in a couple of weeks. That is extremely tight schedule for even highly experienced organzation, which AMC is not. But that leaves mainly the possibilities that Ken is embellishing the truth.

The thing worries me the most that even HashFast themselves do not have mass production up. They promise deliveries starting from May and since Hashfast are provenly a bunch of lying thieves, even that is probably very optimistic. How on earth some proven nonsuccesful company with nothing but a long list of failures on their belt could beat HashFast on time to market on HashFasts own product when HashFast has at least that much competence that they could have designed an ASIC and a board. That simply does not compute. Therefore I am not willing to bet on any outcome that goes against what seems sensible. Unfortunately all the options that are currently on the table at the moment are such.

Therefore I really would think it would be in AMCs interest to clear the situation and publish pics and tell exactly what the scenario is relative to Hashfast. Not doing that I would consider massive mismanagement by Ken if ActiveMining really has stuff in stock ready to ship.

[drawingthesun]

I guess we will find out soon. If Ken made a deal with hashfast and is awaiting on these chips within the next few weeks, we'll soon know due to hashfast not being able to deliver.

[drawingthesun]

Just an update.

About 700TH/s (total) is being added to the network everyday.

More hashpower is added in several hours than we plan to have online in a month.

I really hope Ken can pull off some magic.

[Flashman]

CryptoTrade charges fees on every transaction; it looks like the fees are being credited towards additional shares sold. These shares don't appear to be transacted but it is causing the counts to grow every time a transaction takes place. If the shares are being created (which I don't know for sure) we have a really big mess.

Gah, dumbasses, sounds like they are using a trade engine intended for currency, yah, you can sell 10 BTC, charge 0.1 BTC and credit that 0.1 back to your overall liquidity position, but you can't split shares and add fractions back, eejuts.

[Ozymandias2]

Any one know how much the chips cost if you buy them in 100 or 200 piece batches?

$800 per chip up to 500 chips at which point there is some discount (though I do not know the details of the discount)