[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[Jasun7211]

2nd week of June the next btc wave up begins.  BTW I'm buying more ACTM.  Everyone in this space has problems, even KNC.  At least ACTM doesn't ship out broken boards.  The mining field is very smoky after everyone getting bombed, but the smoke is starting to clear and we are looking to be in a pretty good spot.  Cointerra has even semi emerged.

I go to a lot of BTC functions, and now we need advertisment.  I don't see any VMC Products anywhere.  I was at teh BTC Center in NYC last night and they have a Cointerra miner set up for people to view.  I sugguest we do something similar.  I have the connections, just ask......no pun intended.

[shaofis]

I wonder if the website still shows the old products because of the active pre-orders for them. I wonder if they were removed if that would some how cross some legal line. Of course I'm assuming that there are still outstanding orders for those products that for some reason have not been converted or refunded.

[JimmyJazz]

Maybe the products are still available and will be shipping using ACTM's own 28nm full custom chip in Q3.

[gogxmagog]

if the data center can host ~180 Ths max, then we will need 3 more just like it to be at all competitive in the mining game (Petamine has ~700 ~500-600 Ths up and running right now, and they started in October 2013!)

what are the plans for expansion? will the focus be on chip sales (if a full-custom ActM chip ever materializes)? ActM's DC seems like it is up against a wall here and I hear nothing regarding this problem or any solution.

[kleeck]

if the data center can host ~180 Ths max, then we will need 3 more just like it to be at all competitive in the mining game (Petamine has ~700 ~500-600 Ths up and running right now, and they started in October 2013!)

what are the plans for expansion? will the focus be on chip sales (if a full-custom ActM chip ever materializes)? ActM's DC seems like it is up against a wall here and I hear nothing regarding this problem or any solution.

I absolutely agree here. The last post Ken made seemed to imply that we were going to sit on this paltry hashrate for a year. That is simply not acceptable. Ken, if I misunderstood your prior statement please correct me. What are we doing to move this hashrate beyond the logistical limitations of the current DC?

[zumzero]

Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat.  As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins.  What we are expecting is that during the next year bitcoins will go up in price.

I totally agree with kleeck in his interpretation of the above in concluding that Ken's intention was to instruct shareholders that ActM will operate this data centre alone for the next year.  

Let's hope that Ken takes advantage of the Q&A to explain this and share his plans with us.

[minerpart]

I'm thinking about purchasing an additional 100k , but it's a gamble right now.  Share price is super cheap and the slightest bit of good news can move them up in a positive way

+1

It's amazing to think I could almost double my entire stash of ActiveMining at these price points. Kinda sad.

Might be sad when you don't double your stash.

Have you seen what DTS has been through over the past year? And you are telling him to tie up even more money that he can't afford into this amateurish outfit? You freely admit the company is dead unless we have a huge spike in BTC price in the next 12months (I very much doubt we could last a full 12months at these prices) and that is in NO WAY guaranteed. You have miss-managed ACtM into a deep deep pit yet you are still encouraging people to put even more money into this?

You said you were not buying shares yourself - mmm


So my question is - are you SELLING any shares right now?

[kslaughter]

I'm thinking about purchasing an additional 100k , but it's a gamble right now.  Share price is super cheap and the slightest bit of good news can move them up in a positive way

+1

It's amazing to think I could almost double my entire stash of ActiveMining at these price points. Kinda sad.

Might be sad when you don't double your stash.

Have you seen what DTS has been through over the past year? And you are telling him to tie up even more money that he can't afford into this amateurish outfit? You freely admit the company is dead unless we have a huge spike in BTC price in the next 12months (I very much doubt we could last a full 12months at these prices) and that is in NO WAY guaranteed. You have miss-managed ACtM into a deep deep pit yet you are still encouraging people to put even more money into this?

You said you were not buying shares yourself - mmm

So my question is - are you SELLING any shares right now?

No, I am not selling any shares and AMC/VMC is not selling any shares at the moment.

[bougelahi]

Ken you made an error with your quoting in your previous post, FYI. Hashfast seems to be going bankrupt. What is the plan for a proprietary chip?

[Flashman]

If they go bankrupt, the IP will be dirt cheap

[kslaughter]

Ken you made an error with your quoting in your previous post, FYI. Hashfast seems to be going bankrupt. What is the plan for a proprietary chip?

Thanks, I be answering most of these question on Wednesday.

[gujo82]

I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..

[shaofis]

Thanks, I be answering most of these question on Wednesday.

Ken,

Good news/Bad news... just wanted to say thank you for the dialog and for showing a presence these last few days.

Shao

[kslaughter]

I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..

What is your Order Ref number:

[finlof]

First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.

miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.

shows out for delivery.  i wont post any pictures but i will post my feedback.

[drawingthesun]

Ken, any views on https://www.coinprism.com/, it seems to be finally happening.

[finlof]

First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.

miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.

shows out for delivery.  i wont post any pictures but i will post my feedback.

products delivered.  no instructions, but i'll see what i can figure/find out.  will post more later

[Ozymandias2]

First of all, I don't want to do business with bitpay because they are in bed with BFL.  Second, there are a lot of other things going on in the background that need to be taken care of, i.e datacenter, cash flow, lawyers, MSD, customer service, just to name a few.

please send me a bitcoin pmt address for the 2 units I have placed an order for.

payment address was given via PM and payment has been made.  I will update as to the status of my shipment and report once i receive and hook up the miners.

miners show as shipped.  expected delivery via fedex on Thursday.  a little slow for the $100 shipping charge I paid.  they are shipping from Reno, NV.  will update once i receive and hook these up.

shows out for delivery.  i wont post any pictures but i will post my feedback.

products delivered.  no instructions, but i'll see what i can figure/find out.  will post more later

So 5 days (3 business + 2 weekend) from order to in hand? Not bad! Good luck getting it set up and hashing. It would definitely be nice to hear more reports of working boards (not DoA) in the wild!

[gujo82]

I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..

What is your Order Ref number:

Orderref: ORRZWQESM

I also sent an email from the webpage earlier today, but this seems like a faster option

Is it possible to pay for the order in BTC ? saw no option on the site for it when checking out.

[kslaughter]

I placed an order yesterday for 2 goldrush cards, but was not sent any confirmation email.. Feeling somewhat uncertain wiring close to 1800usd on these lose terms..

What is your Order Ref number:

Orderref: ORRZWQESM

I also sent an email from the webpage earlier today, but this seems like a faster option

Is it possible to pay for the order in BTC ? saw no option on the site for it when checking out.

Order and select wire transfer and in the comment put that you want to pay with bitcoins.  We will then send you a bitcoin address and the amount of bitcoins to pay.