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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 06/01/2014, 18:32:52 UTC
At least Ken isn't being an immature troll. Hopefully he's using that time to actually work on ACTM. At least we have some desks!
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 02/01/2014, 00:54:08 UTC
Well Ken just logged back on about 3 minutes ago after being away for 5 days. Hopefully this means another update.

He's probably checking in to see the quality posts that he's missed. Lol
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 26/12/2013, 04:33:06 UTC
Weekly Update 12/25/13

Merry Christmas and Happy New Year.

Here is a picture of our manufacturing line for assembling miners.


Assembly Line


We are working on assembling everything, so when our boards and chips arrive, we can ship the miners fast.


Thanks for the update Ken. Great work, I know you've been doing a lot. Merry Christmas!
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 15/12/2013, 15:42:03 UTC
By the way I think actm share price will hit 0.01 within a week of us going live. And it will climb steadily until March where it will level off around 0.04
I think you are dreaming. The share price will likely stay below .0025 until we have some proof of miners shipping, or an announcement that we're adding 24.576TH/s of hash power with BTCGuild showing as much. Even then I think we will only get to about .005 and maybe .01 by March.

Catch me up, please.  How many millions of shares are the dividends divided over now?

How many satoshis a week would each share get with 24 Th/s of mining capacity?

This is all easily obtained publicly available information.

Since it's so easy, why don't you go ahead and answer the questions?

Since nobody bothered to answer I will.

If the network hash rate was at a constant 10 Ph/s and ActM had a constant 24 Th/s, it would have 0.24% of the network hash rate, mining 120.96 BTC per round. The round would last 14 days, since the hash rates were constant, giving 8.64 BTC per day. This would be distributed to 10 million shares until 0.0025 BTC per share had been paid, after which the number of shares would increase to 25 million.

According to the genesis block, the network hash rate is increasing by about 78% every 30 days, which is an increase of about 2.5% each day.

So, if the network hash rate was at 10 Ph/s and ActM brought 24 Th/s online, 8.64 BTC / 10 million shares gives 86 Satoshis per share per day, which would fall by 2.5% each day!  Cry

Thank you.

Math is a bitch sometimes.

ACTM will only have 24 Th/s? With atleast half of the manufacturing capability going towards the mining facility, that assumption means that the company will only produce 48Th/s or less. If you believe that, then you shouldn't have invested.

Yes, mining is an area with diminishing returns. Is that what you're trying to say? Or are you just trying to scare people with this obvious reality that hopefully investors are already aware of? Being a manufacturer of rigs, we have a HUGE advantage over non-manufacturing miners. Not only that though, even when mining becomes less profitable, we will receive income from software and hardware sales. Ken is smart and he is creating more consistent revenue streams in addition to the focus on mining. It's easy to forget when you're a part of the hype, but as they say, the people who sold shovels were the most profitable in the gold rush. We're a part of both sides of the gold rush. Ken has a lot to gain from this company being successful, and he has the most to lose from it not being successful. He's going to give everything to make this work. I believe he will.

That being said, if you want to get rid of your shares when we start trading, I'm sure you're not the only one. Bitcoin has gone up more than 1000% since a lot of us started investing in AMC. Investing is about making a profit, if you've made a profit in your eyes then by all means, do what you want. You can't lose money taking a profit.

Disclaimer: I don't really care where the share price ends up when trading starts. I think the dividends have the potential to be excellent.

I'm not sure what the deal is with the people in this thread. Psychologists could probably learn a lot from it. We've got a little bit of everything here. In the end, it doesn't really matter what any of the posters in this thread think. Things will happen how they happen. Fighting the stupid comments in this thread is impossible. Peace.
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Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 12/12/2013, 13:47:00 UTC
Weekly Update 12/11/13

VMC:

We are continuing to bring in all the parts for mass production of our miners.

AMC:

We will be using a minimum of 50% of our manufacturing capacity to build miners for AMC's mining farm.


This is awesome. Great work Ken.  Grin
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 02/12/2013, 18:29:34 UTC
They aren't bothering me. I'm ignoring them. People that trust what they say don't really know what their investment is worth anyways.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 02/12/2013, 18:23:36 UTC
Are you not yourself 'responding to the trolls'?

There gets to be a point where the people that post tons and tons of posts right after each other that have no content become the trolls.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 27/11/2013, 21:05:31 UTC

Does this take into account difficulty and the extra 15million shares dividends will be paid to after 0.00025 is received as dividends?

Seems very optimistic.


It accounts for 40% difficulty increases per month, which may be a little optimistic. It isn't accurate for the dividends after .0025, didn't throw that if statement in there.

I meant that I find it unlikely that we will get 10-12% of total hashing power.
I have no math to back it up, just that we have a lot of competition and 10-12% is a lot.

Understandable. It's just a model, nobody knows how things will turn out exactly. I'd assume that we can get rigs at a cheaper rate than what ACTM retail is, and I think we have more than 1M USD in reserves.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 27/11/2013, 20:21:44 UTC
.0025/share payed out in 5.5 months. If that's the case, you can bet the share price will be at least .01.

I'd guess more like .02-.04 if we get that kind of network %.
Highly unlikely, although a nice wet dream ..

How is it highly unlikely? Which parameters do you not agree with?

Obviously, there is no calculation for power consumption, rent, general overhead. Manpower and electrical power will be limiting factors.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 27/11/2013, 19:36:39 UTC
.0025/share payed out in 5.5 months. If that's the case, you can bet the share price will be at least .01.


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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 27/11/2013, 18:53:45 UTC
Drawingthesun, you need to really chill out. From what I can remember you said you will earn 1000btc from selling at 0.007.

No that's some other guy who has 49% more shares than me.

OK 70,000 shares. Still, unless Ken fucks up on an epic proportion you should still be OK. Unless you bought in at a high price. Then thats just bad luck and judgement.

Yeah DTS, relax. It's not a scam. We're all impatient. Now that bitcoin is $1000 from $100, even if you bought at a price of .005, you'd still break even in fiat from selling at .0005. If you want to sell your shares for .0005, I'd buy a few. Wink ACTM will be about 10x more profitable than it was before this price rise. The price rise saved this company.  But seriously, I bet in two months we'll all be laughing about the days when the forums were filled with people freaking out.

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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 27/11/2013, 01:38:44 UTC
KNCMiner Neptune 20nm: will offer 0.7 watts per GH/sec.   http://www.coindesk.com/kncminer-pre-orders-next-asic/

Actm 28nm: Estimated Chip Power Consumption: 11.136 Watts (~0.696 Watts per GH/s).   https://bitcointalk.org/index.php?topic=158806.msg2598150#msg2598150


Seems like the competition isn't really that competitive.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 26/11/2013, 13:39:56 UTC
Honestly, Ken's silence has value. Any information that we can give our competitors gives them more foresight on how to compete. It's tough that we don't know everything that's going on, but that's just the nature of a new company in a competitive environment. Like Bargraphics says, just be patient and professional. Ken's busy, he's not sitting on a couch eating cheetos all day and reading the forums taking pride in not answering everyone's questions. I'm confident that when Ken feels it's appropriate for the information to come out, then he'll make some announcements. And he hasn't said anything other than he'll make announcements in November, and we all hoped it would have been earlier in November, but we've still got a few days til the months over.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 23/11/2013, 23:01:46 UTC
You can speculate the possible price movements for days but never come close to what WILL happen. Who saw 0.007 coming with the eASIC news release?? It seemed an outlandish number the day before.

I'd say good luck to anyone wishing to get out at a good price, you can't blame them realistically after the long wait. But I would say not to let the long wait effect your view on the longer picture/forecast for the company. I will be holding for the divs no matter what price goes to. If the news is good price will go up yes. But remember if news is good the divs will be very rewarding.

+1

Losing site of one's initial long term strategy could prove costly if you sell too low.

Thats right. Dividends will be way more profitable than ever. You may get what you were hoping to get from the dividends alone. If ken pulls off the chip, which I strongly believe he will, we'll do excellent.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 23/11/2013, 02:03:25 UTC
I'm going to post the same warning as I posted in the Cointerra thread.  Because Bitcoin is worth so much right now, the chances of being scammed is increased proportionately.  Start acting NOW, as I have.  Stop worshipping Ken and question him, learn what he is actually doing.  Investigate every word he says, every promise he makes, and talk to AS MANY PEOPLE AS YOU CAN who are involved with this.  Prepare yourself now as I have done.  Don't let him BFL you.

What a weirdo.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 22/11/2013, 03:44:31 UTC
For once the word "FUD" would be accurate but no one uses it.

What is wrong with you people  Sad

For once, I agree with you. VE has done stuff like this before guys. Stop freaking out.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 22/11/2013, 02:43:44 UTC

Let's just let this dead horse lie, Ken will do as he wants regardless of what we speculate on this thread.

i agree, this has been the consistent theme.

Ken's got it under control. He's been working really hard.

Also, not that I can see his posts, but anyone else find it interesting how crumbs hasn't really been too active since bitfunder shut down? It's almost like he was trying to crash the stock when we didn't have too much going for us, just to get more shares. That or maybe he's just crazy. 
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 21/11/2013, 15:39:29 UTC
Progress is being made with Colored Coins Smiley

p2ptrade GUI screenshot: http://i.imgur.com/VlVw6cT.png

(it needs some bugfixes/improvements to work properly, though.)

What's the ETA of this colored coins implementation?

I do not know, but here is their thread https://bitcointalk.org/index.php?topic=106373.280

Anyone knows if Ken is also looking at Mastercoin? It seems to me that they are both potentially good options (colored coins and Mastercoin).
Yes, Ken is aware of Mastercoin, as well as the potential for using Ripple. I think that it will be color coins, I believe this will be the best option and will be available the soonest.

There is also something new called 'bitshares'. Something similar to mastercoin it seems, except it is a new cryptocurrency based off of RAM mining, so it's very different in that regard. It's an interesting project by Invictus Innovations, I've heard the interview from Let's Talk Bitcoin. They're trying to develop a decentralized anonymous internet and a decentralized securities market. It'll probably be a while though.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 20/11/2013, 04:42:46 UTC
I have created a dividend/company calculator. It is conservative.


I'd say that it's very likely that the model is pretty inaccurate after month 2, as it makes a lot of big assumptions.

If you'd like the file to modify parameters or double check my work, suggest a good place for me to upload it to. I know there was an active mining shareholder website that maybe lewicki made? For now, PM me your email address if you want this program.

I actually spent time on this it's dynamic and updates based off of changing the assumptions, donations are always welcome:
1BzEJMhzdmuu4TRYDDc5uZHmtc3UEEPBs3
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
4ju5tice
on 18/11/2013, 23:23:15 UTC
Why are you panicking because the price of bitcoin has risen?

It's a GOOD thing.

Negative. Now each block creates $20,000 as opposed to $2,500 so there is more incentive to mine and thus we will have even more competition.

Also its harder and harder for our shares to be worth what they used to be due to the change in value of Bitcoin. Our sales are in fiat so that links us to a fiat price. Only our mining farm can get the share price back to where they were, but where is this mining farm?

The same amount of fiat gets us the same amount of mining equipment which will get us the same amount of btc.

The only thing is that now there will be more sales, which will be more of a hashrate. This is where the money will be, in mining.