[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[drawingthesun]

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

You make a good point. I would like Ken to be transparent now about how much he lost to Peoples ASIC and eASIC.

Regarding dividends, If Ken spent 1000 bitcoin on all this hardware, and we expect a lifetime 30% profit, 1300 / 10,000,000 = 0.00013 per share.

That means for every IPO (0.0025) bitcoin we get 0.05 back in return.

Many of us need Ken to keep reinvestment high to have a chance of a reasonable return.

If we now pay out 50% to shareholders as a dividend I fear Ken will never ROI on this hardware and we will be lucky to last until 2015.

[emkay47]

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.

I appreciate the Shipping Update Ken

[ActM Thread]

If anyone is wondering why their posts have been deleted and you are not a troll it's because you either quoted a troll, engaged with a troll or your post has no context due to the removed posts.  Please keep this thread clean guys and simply ignore the trolls as their posts will be removed the moment they are spotted.  Ken has access to the ActM Thread account and may delete posts if he wants although it's unlikely because he has more important things to do with his time.

ActM Thread

[snowdropfore]

24th now，wow~~~~，good work

[Nosniw]

24th now，wow~~~~，good work

!!!!!!!!!! Can't wait to see all miners getting online.
Please speed up the online process!

[VinceSamios]

24th now，wow~~~~，good work

!!!!!!!!!! Can't wait to see all miners getting online.
Please speed up the online process!

I think this is just an eligius artefact for now... It's probably actually still 15-19TH

[Komodorpudel]

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

You make a good point. I would like Ken to be transparent now about how much he lost to Peoples ASIC and eASIC.

Regarding dividends, If Ken spent 1000 bitcoin on all this hardware, and we expect a lifetime 30% profit, 1300 / 10,000,000 = 0.00013 per share.

That means for every IPO (0.0025) bitcoin we get 0.05 back in return.

Many of us need Ken to keep reinvestment high to have a chance of a reasonable return.

If we now pay out 50% to shareholders as a dividend I fear Ken will never ROI on this hardware and we will be lucky to last until 2015.

I also assume that a high reinvestment rate is probably the best. At least for the next one to three years( but who knows where bitcoin is then?)

[BitSwe]

24th now，wow~~~~，good work

!!!!!!!!!! Can't wait to see all miners getting online.
Please speed up the online process!

I think this is just an eligius artefact for now... It's probably actually still 15-19TH

Nice to see the hashrate go up, although sales are very slow.
22 miners sold (178 left in stock) in more than 1 week.

Is there a plan to increase consumer confidense in order to increase sales?

[JimmyJazz]

Getting a decent hashrate and people reporting on their new hardware.

Will take some time to build brand confidence back up. But when it does we should be all set with in stock miners and a good farm.

[bitwhizz]

slow down here everyone
I'm a shareholder, i havn't looke dup this stock for a few months
has active mining actually done something ?! are we actually hashing ?!

Please update me with recent events, too many pages to read back on

[kleeck]

slow down here everyone
I'm a shareholder, i havn't looke dup this stock for a few months
has active mining actually done something ?! are we actually hashing ?!

Please update me with recent events, too many pages to read back on

As always, checking Ken's last posts is the best way to catch up on ActM/VMC happenings without wading through pages upon pages of conversations.

For the lazy: https://bitcointalk.org/index.php?action=profile;u=1707;sa=showPosts

I recommend bookmarking the link.

[VinceSamios]

slow down here everyone
I'm a shareholder, i havn't looke dup this stock for a few months
has active mining actually done something ?! are we actually hashing ?!

Please update me with recent events, too many pages to read back on

http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa

http://virtualminingcorp.com/shop1/index.php?id_product=38&controller=product

[chairforce1]

12 hours         14.69 Th/s   147785680
3 hours          15.02 Th/s   37768800
22.5 minutes   14.74 Th/s   4633200
256 seconds   19.45 Th/s   1159414
128 seconds   24.43 Th/s   728115

Good stuff

[BitSwe]

YESSS!!!!!


so the big question is?
whats the share price?
are we rich?

Majority of the shares are not tradeable yet, but will be soon^TM.

Weekly Update 4/2/2014
...
Shares:

Next week I will start transferring shares to CT so our investors can start trading.

[bitwhizz]

none the less, has brightened my day

[shaofis]

Ken,

With all of the news recently of failed bitcoin ventures (BitFunder, Gox, NeoBee, etc) and especially the way NeoBee went down...

I just wanted to say Thank You for keeping at it despite set backs (both those we might know about and those we don't). It would have been all to easy to call it quits at any point of the process. I'm sure I'm not alone in saying I appreciate your efforts to keep this thing moving along.

I will always ask tough questions it's in my nature to want to understand the situation as well as helps from an investment standpoint to decide where my risk limit should be.

That said... I know your focus has been on getting the mining going (as it should be); but I was wondering if when you get time (of course after getting shares trading again) you might define share holder expectations a little clearer. For example what financial information we should expect and on what schedule. As well as our reinvestment plan, there has been a lot of recent discussions pertaining to reinvestment and a lot of good thoughts and ideas. I think the community is curious where you stand on the discussions.

I know in the past your advisory council didn't work out the way anyone expected. That said in your "community" of investors you do have several with skill sets that could benefit your venture in one way or another. I would encourage you to consider those resources and reach out when it benefits you. If there is anything I can do let me know.

Thanks,
Shao

[damiano]

With all the trolls tearing Ken / ACTM down I'm sure it made him more determined to succeed

[minerpart]

With all the trolls tearing Ken / ACTM down I'm sure it made him more determined to succeed

You are so right. The man is a fighter and all along he was doing his best. There is nothing more annoying then being told you are not achieving when you are actually doing your best in very difficult circumstances. The development of BTC mining technology has set back many firms but ACtM has struggled on. Ken actually said this would shut up the Trolls so their input has obviously given Ken more determination than most would have had in this situation. Giving up is always the easy way out.

Ken is now officially MORE successful than Mark Karpeles, Danny Brewster and Ukyo put together. He da man.

[bitwhizz]

what has trollvanic eruptor got to say about all this

[damiano]

what has trollvanic eruptor got to say about all this

Honestly nothing