[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[VinceSamios]

Also wow, someone wants out, sold all the way down to 0.00005.

About 3 times more than expected dividends if Ken releases 100% of all 166 btc in his mining address.
That's actually a fair price at the moment.

a fair price is three times next weeks dividend? err ok.

That's one way of looking at it, another is it's the fully accumulated mining dividends from last 5-6 months.
Add the risk that Ken might fuck something up at any time, and I still think it's a fair price.

Everyone seems to be forgetting that VMC is selling the cheapest $/gh hardware by a mile... We don't know if there are any dividends to be payed from those even...

Ken had a bad start, but he's picking it up now.

[1714056408]

1714056408

[1714056408]

1714056408

[1714056408]

1714056408

[1714056408]

1714056408

[1714056408]

1714056408

[GTR_JOEY]

To confirm, in regards to colleting our shares,  the info required for "Receive Transfer From" is our old bitfunder user name or our crypto trade user?

[drasted]

It would be nice if we knew what those expenses were.

Though I wasn't watching the threa for a while maybe i missed it did we get that finance report?

[knybe]

Let's face it, unless you have free electricity or aquire free hardware, mining is a fools errand with the current difficulty and the massive farms now digging in... It is a completely different environment than when most of us started buying these shares and I'm curious how we are competitive enough now to validate a decent share price.

This all should've would've could've happened many many months ago to even begin to think we'd see a profit on our investments here.

We'll see what we shall see...

[lobbes]

Weekly Update 5/7/2014

We are starting the migration to Crypto-Trade.com for ActiveMining shares transferred to AMC-TENDER on Bitfunder

The following limitations apply:
1. You must initiate this migration request before May 21st, 2014 00:00 GMT.
2. Dividends will not be paid until after this migration.
3. We can make no guarantees that Crypto-Trade or any other exchange in the future will not impose additional limitations on trading or will not be shutdown.

...

THANK YOU, KEN!

This is the only thing I wanted. Sending my email now... once these are on CT I will finally be at rest.

Again, thank you.

[Usman056]

What if you can't log back into bitfunder because of 2fa and password issues.  I used the same email with b itfunder as I did with c-t.  I know how many shares I have and everything except the bitfunder info.  How do I proceed.

I had the same issue, click help on the bitfunder page and use the embedded irc window. Talk to Ukyo and explain the situation. He responded to me and fixed it within 15 minutes

i can't get the irc window to work. any idea how i can verify my account, i have the same issue as above. is a signed message from your wallet good enough?

[kleeck]

What if you can't log back into bitfunder because of 2fa and password issues.  I used the same email with b itfunder as I did with c-t.  I know how many shares I have and everything except the bitfunder info.  How do I proceed.

I had the same issue, click help on the bitfunder page and use the embedded irc window. Talk to Ukyo and explain the situation. He responded to me and fixed it within 15 minutes

i can't get the irc window to work. any idea how i can verify my account, i have the same issue as above. is a signed message from your wallet good enough?

I also have this issue and Ukyo has not responded in my many attempts to get my 2FA removed.

[Flashman]

Hmmmm how long did it take anyone to get a Crypto-Trade account confirm email? ... 2 hours and counting here ...

[drawingthesun]

Hmmmm how long did it take anyone to get a Crypto-Trade account confirm email? ... 2 hours and counting here ...

Many people got their confirms very fast but that was when Ken was awake.

I am sure Ken is asleep at the moment and when he wakes up he'll have a mountain of email to get through!

I am waiting too.

[arctos]

What can we do if the bitfunder 2FA was lost and the information for transfer cannot be retrieved?

[lobbes]

Hmmmm how long did it take anyone to get a Crypto-Trade account confirm email? ... 2 hours and counting here ...

Many people got their confirms very fast but that was when Ken was awake.

I am sure Ken is asleep at the moment and when he wakes up he'll have a mountain of email to get through!

I am waiting too.

Just sent mine as well. 10:36 AM in Missouri, so Ken's probably digging into these as we speak.

[kleeck]

What can we do if the bitfunder 2FA was lost and the information for transfer cannot be retrieved?

We can verify our addresses by signing it. Ken has discussed this as a verification method in the past.

[toastee]

What if you can't log back into bitfunder because of 2fa and password issues.  I used the same email with b itfunder as I did with c-t.  I know how many shares I have and everything except the bitfunder info.  How do I proceed.

I had the same issue, click help on the bitfunder page and use the embedded irc window. Talk to Ukyo and explain the situation. He responded to me and fixed it within 15 minutes

i can't get the irc window to work. any idea how i can verify my account, i have the same issue as above. is a signed message from your wallet good enough?

I also have this issue and Ukyo has not responded in my many attempts to get my 2FA removed.

I had a hard time getting a hold of him as well, but mention his name in #bitfunder on IRC and PM him - he'll sort it out.

[damiano]

Will we get a reply to the email sent saying true shares have been transferred?

[toastee]

Will we get a reply to the email sent saying true shares have been transferred?

Yes, just wait it out. I (and many others) already got mine.

[drawingthesun]

Share price is mostly determined by the dividend, so lets wait until we have had enough dividend payments to calculate a value to the shares.

If we have a dividend payment every week, we can probably make a good value judgement after 2 - 3 months.

I think a good aim for now is 100 bitcoin dividend per month, making 0.00001 per share per month.

Because bitcoin mining and this venture are very uncertain, I think a share should be valued at 12 months worth of dividend.

Therefore, I calculate a value of 0.00012 per share.

Of course if Ken can get these 5,000 boards online, everything changes.

The shares could easily be worth 0.001 - 0.0018 per share if Ken's plan to get 5,000 boards sold or online comes true.

This assumes Ken keeps the hashrate up, which he has indicated as a very likely possibility.

So right now I value them at 0.00012 per share, however if you believe in what Ken has said about our future hashrate then we could value them at 0.001+

However, to sell thousands of boards we really need the website to be minimal and focused. Think Apple not bestbuy. We only have a small range of products.

[Jasun7211]

howz a bout the market decides the value!!!

[knybe]

howz a bout the market decides the value!!!

lol exactly…

let the out-the-ass-share-price-speculations-circle-jerk begin.

[drawingthesun]

howz a bout the market decides the value!!!

Yeah that's how it works. However the market is made of people and sometimes people like to discuss what the value of something should be or what method should be used to value a thing.

Is that ok? Can we talk about these things? You do realise the "market" isn't some robot intelligence but the collective decision of many peoples all trying to get the best value for their coin.

This discussion can be good. For example a newbie might be about to spend too much coin on a share and by reading what I have wrote may come to the conclusion that in fact that share should go for a lower value.

Or conversely, someone might discover an error with my analysis and by discussing such things all parties become better informed.

The worst people in this world are those who would prefer a lack of information that enables themselves to profit at the expense of others. I hope that you're not one of those people Jasun.

I am not setting prices but rather discussing them. Feel free to join in with my discussion but please, do not try to censor it.

The well informed individual is a better individual.

I learnt my mistake of jumping into assets before fully researching them. Like I have said before, If I had not missed certain posts back in the early days of this security you wouldn't be reading my words now.

[drawingthesun]

howz a bout the market decides the value!!!

lol exactly…

let the out-the-ass-share-price-speculations-circle-jerk begin.

Well I did my best to offer a realistic price point. 0.00012 on the condition Ken gives back 100 bitcoin per month to the investors.