[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[Ozymandias2]

Has anyone considered that if the price keeps dropping there won't be much point in mining?

Or am I missing something?

Nope, you are literally the only person to have considered that.

[knybe]

Has anyone considered that if the price keeps dropping there won't be much point in mining?

Or am I missing something?

Nope, you are literally the only person to have considered that.

Welp, I may be a Master of the Obvious here; if this pipe dream of an operation woulda been functional even as late as last December, we'd have been in good shape. But as it stands, all this hemming and hawing about product that hasn't materialized in the real world is utterly useless even if Ken is really doing what he says he is... Of which I am highly skeptical based on tract record.

[drawingthesun]

Has anyone considered that if the price keeps dropping there won't be much point in mining?

Or am I missing something?

...man I shoulda jumped with ffs et. al.

It's not worth mining if we sell the coins. If we hold then it becomes worthwhile in the long run. At this point with the resources we have no other option.

Also it's likely another bubble event is within several months. If we could have our own ASIC by then we would be well positioned to make bank.

[knybe]

Has anyone considered that if the price keeps dropping there won't be much point in mining?

Or am I missing something?

...man I shoulda jumped with ffs et. al.

It's not worth mining if we sell the coins. If we hold then it becomes worthwhile in the long run. At this point with the resources we have no other option.

Also it's likely another bubble event is within several months. If we could have our own ASIC by then we would be well positioned to make bank.

So in the meantime how will ken&co. pay for electricity and infrastructure and etc?

(I'm not gonna say "we" anymore because we (as investors) clearly are not part of this op.)

[minerpart]

Has anyone considered that if the price keeps dropping there won't be much point in mining?

Or am I missing something?

Price has strongly rejected these levels twice before. Look at the last time we had an ATH followed by 3 rejections at 75% below the high. So the chart is saying a rapid bounce to a new high (5-10k) by end June. It is likely but not guaranteed.

Have a look at this and consider buying every BTC you can right now.

https://i.imgur.com/SCFS7ra.png?1

[Komodorpudel]

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

Who doesn't?  You don't?  Show us how it's done properly and maybe I'll buy one of your miners myself.  Ken's methods are his own and while you can sit there and throw accusations around from the comfort of your own keyboard, Ken's out there in the real world trying his best to make this work.

Yeah, maybe his methods are his own; but this is OUR money Ken used for this Company and such methods are idiotic, if not injurious malpractice( assumed there is a honest business behind, which could be damaged)
The fact that there are hundreds of shareholders of ActiveMining out there and probably not one of them ordered a Fash-Hash One show that you are probably alone with your opinion.

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

What an out and out FUD comment this is.  There hasn't been failure after failure.  Two binned chips yes, but in all probability as a result of intentionally deciding to cut losses rather than beat a dead horse.  You can call it failure, I call it good business sense.

I will absolutely concede that mistakes have been made, even Ken himself has admitted that it's been a big learning experience.  What actually matters is that he is able to realise when something is a lost cause and is able change plans in an attempt to keep the company alive.  Business's fail all the time.  This one hasn't against all the odds and you can bet your bottom dollar that Ken would go out fighting rather than sit back and watch it implode.  The questions I have for you are; What outcome would you like?  Who's side are you on?  Do you want this company to succeed?  If so, what are you doing to help make that happen?  Are you even a shareholder?  If not, check the title of this thread.  If you are, re-read my first four questions again.

Everybody (or at least every shareholder) wants a good outcome. But there is nothing we could do besides promoting the fast hash one, but honestly: As long there is no prove that this product actually exists, i wll not help to get somone into the jam by persuadeing them to order(and pay for ) a product that perhaps doesn't even exist.

[tempestb]

If we had our own chip, Ken would be trying to sell it to people and would post specs.  That would be because it would generate more revenue and would raise the stock price, assuming it was competitive.  It's obvious to me that it's not our own chip.  I've followed enough of these outfits online and there is no question in my mind that AMC doesn't have one.  What I am interested in is whether we even have our own boards, or if we're really just taking some packaged boards from Hash-Fast and reselling them.

Let's say we were doing that, that's not even a terrible thing if they worked ok and we got them at a good price.  All of which is unknown.  I don't suspect Ken to come on here and say he paid $1,000 for each and is selling them for $3,000 because then people would not want to buy them.  However, right now the cost of the boards is too high due to the fact that Bitcoin is hovering around $450.  If Bitcoin jumped up to $1,000 it might make sense to sell at $3,000.  It doesn't right now.  So he should probably just mine with these boards and hope the market jumps back.  As every ten days or so their ability to produce is going to shrink by around 20%.

Ken is supposed to produce the financials at the end of the month.  I don't think this is likely but I'm waiting to see if he does.  I think if he does not or does not do it adequately that shareholders should send a third party to investigate the books and the entire outfit and report back to the shareholders as to the status of the company.

I think most of the shareholder fud as ZZ likes to call it, would go away if those of us that are owners of shares could cash them out.  Having any good news is only good if you can trade shares.  I don't know why Ken seriously just doesn't do this.  So what if the share price tanks.  Once those shares are gone and replaced by people who believe in all of this, the price will bounce back and you'll have more money and less fud.  Seems simple enough.  Right now he's just creating a lot of ill will by keeping people's shares.

Photos would help, but they could be Cedar Tech style photos of shadows and light.   Then you just get people analyzing them and drawing arrows on them, etc.  Why statements can't just be made that explain what is going on leads me and others to believe that the reason for holding back such information is because you are trying to hide something.  I'd prefer to just have my shares and get out.  Frankly, I am concerned that if we did make some deal with Hashfast and we're reselling their stuff when the courts have ordered them not to, that being a partial owner of this operation I could be held to some level of liability (Or liability towards any of the questionable actions going on here.) so I make just forfeit my shares at this point.  Before this spins even more out of control.

[Komodorpudel]

The only damage getting done to this company is in the negative PR I see happening from the minority of shareholders who have over invested and don't understand how damaging their words can be, as well as injurious lurkers.  It baffles me that so many lurkers come out of the woodwork saying they are shareholders and start attacking the company they claim to be invested in.  Injurious malpractice because he hasn't posted images yet, really?  

So why do you not simply buy a Hash Fast One at theire website? I'am sure you could provide us with pics, ooh and about the 3000$; i'am sure you will get that back when you mine long enough

[JoTheKhan]

I sincerely hope that someone who has already bought a card will receive it over the next couple of days.  Hopefully that person will be aware that we are all chomping at the bit to see pics ourselves.

So if Ken hasn't already shown us pictures by then, I'm hopeful it will be in the next couple of days.

EDIT:  Honestly I'm not a shill but understand that there's probably little difference between my posts and what those of a shill's might be.  

Are you a shareholder RoadStress?

Ok i can retract my "shill" attribute for you, but the problem still is present. What will you do if no picture of working cards show up?

I'm not a shareholder. I smelled something fishy from the start and stayed away from this. I won't go into details because i don't want this post deleted by the almighty ken.

Ironic. The one you were calling a shill is the one with the power to delete posts. Ken doesn't delete other people's post on this thread.

[jimmothy]

Day 3 without pictures of supposedly in stock and hashing hardware.

I see 4 possible explanations:

-Hardware doesn't exist
-Hardware is not using own chip/board
-Ken is incredibly incompetent
-Ken is trying to make his stock plummet

Based on history I would guess it is a combination of using hashfast hardware and incredible incompetence.

[st4nl3y]

100% 

[jimmothy]

Well, what about these chips/boards are HASH-FAST and we know they are having all sorts of issues.

Could it be that they are trying to secretively increase their revenue to keep afloat and striking deals with whoever they can in order to do so?

Ken would be a perfect customer for them, right?   And would be bound by, dare I say it an NDA.

So out of the 4 seperate companies trying to sell hashfast chips ken is the only one with an NDA?

Honestly there needs to be a time when you stop accepting the bullshit and demand answers.

[st4nl3y]

I don't think there is any point in continuing pal..i wish you the very best with your venture of supporting this thread

[Bargraphics]

Ken,

Post pictures of the HashFast Ver2 Boards you are selling in Hand so that people will actually purchase them (Even if they are overpriced).

Operate the business correctly please.

[bougelahi]

Ken,

Post pictures of the HashFast Ver2 Boards you are selling in Hand so that people will actually purchase them (Even if they are overpriced).

Operate the business correctly please.

+1 and PM sent, Ken. We need sales which will never happen without pictures.

[shaofis]

And I'm a shill?

What matters is that Ken keeps the company afloat, I keep saying this.

He said himself he is working on multiple ways to succeed.  This means he is developing a 28nm custom that we can be proud of.  The guy needs much more credit than he's given, imo.

Zum: The problem as I see it... Ken has used up all of the communities faith. He continues to make decisions which are questionable at best and provides no information to those of us who provided the funding for his organization.

Maybe he is making the right decisions... but he has failed at every corner to provide us with any information to aid in our understanding. Why after all of this should anyone continue to give him any benefit of doubt. The reality is while we have no option to but wait and see if Ken actually will make good on his assurances or not as he continues to hold everyone hostage.

Honestly the lack of consideration for those who trusted him is just frustrating and if it reflects this poorly on us; those who funded him... how do you think that it looks to potential customers?

[JoTheKhan]

Guys relax. What happened to combining a list of questions every week to ask Ken?

@Zum you don't need to explain anything for Ken. Ken can do this himself. We understand that people come on here with new accounts, claim they own a bajillion shares and have been watching the company and then spit insults. That's fine, delete the insults, keep the questions, let Ken answer them. You don't need to make excuses or search for explanations, it's not your job as a shareholder or a moderator of this thread. You're putting in too much work and to some it makes it seem like you have to be getting paid to have this much patience and determination in these constant back and forth comments.

[zumzero]

The zumzero account password is about to be scrambled and made unretrievable.  

Ken, I am about to make my final pm to you with a code I shall use to authenticate my identity for share access.

When it reaches the stage that I get posts deleted that means I am doing something wrong.  It's also a security concern.  No hard feelings folks.  

[Stuartuk]

Yo guys how's it hanging?!

Been away for too long, I've been just reading on and off recently and had no appetite to log in but one of my threads (pankkake extortion) has just become very active and I need to mod it a bit.
I see we atleast have something going on now. This new thread is great by the way, good show all round.

So the latest news is interesting. The way I see this is in the context of the MSD investigation. Just keep that in mind at all times. Now there is no way in hell that Ken is going to sell imaginary boards to steal peoples money under the nose of the MSD - not unless he likes prison food. We have to accept everything Ken is saying about the sales and any future sales is broadly correct and truthful (allowing for PR ofcourse).

So Ken is a bit like the kid sitting at the front of class right now with teacher keeping a close eye on him. He must act in good faith with these sales and delivery promises or he will just be creating a rod for his own back. Let's assume Ken is not clinically insane and doesn't like the atmosphere in prison - so then we can say the boards offered for sale are real, the hashing is from genuine boards and we are going in the right direction at long last.

It's tough guys yes and it's been a long hard road for us all but it looks like Ken is actually pulling this off for us now. 4 months later than we would have hoped - YES. Still with not enough openness for shareholders - YES. But I do believe this is happening now because no-one would continue with this exercise into what is now 12months down the line unless it was the real deal.

[kslaughter]

Hey Ken we have a terahash online right, could you take a photo of that hardware because lots of shareholders think it's cex.io again.

We know the Klondike's and existing Avalons hash around 800gh.

The Avalons and Klondike's are still on BTCGuild.  We will have taken pictures and will post them soon.

That's what I thought, so the Avalons and Klondikes are on BTCGuild, and we know they exist as we have seen them before.

So regarding this terahash on Eligius, I assume that is our prospector card and not cex.io? I do wish we could have a photo of the hundred prospector cards, that would be very good.

My project manager has a picture and we will be posting as soon as we can.