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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
Actually my position on ActM is opposite what you think. That last line was sort of tounge in cheek.
I do believe ken has the funds (we gave it to him) and the ability to contract (easic)
I bought in at ipo thinking if this was a success that .01 per would be a nice exit. Even with everything going on lately I still think we can see .0055 again. People in here troll and fight but when it comes down to it money talks. Even if Ken himself isnt that sharp, as some in here like to imply, he should be able to hire people capable of getting it done.
I do believe ken has the funds (we gave it to him) and the ability to contract (easic)
I bought in at ipo thinking if this was a success that .01 per would be a nice exit. Even with everything going on lately I still think we can see .0055 again. People in here troll and fight but when it comes down to it money talks. Even if Ken himself isnt that sharp, as some in here like to imply, he should be able to hire people capable of getting it done.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
How many chips are on a wafer? What should a wafer cost?
What supporting components do the chips need? How hard are they to get? What do they cost?
How hard is it to design something where all the parts play well together?
Do places exist where you can outsource the design and assembly of these supporting components?
Can we reasonably expect that Ken has both the funds and competency to place the calls and get this shit contracted?
What supporting components do the chips need? How hard are they to get? What do they cost?
How hard is it to design something where all the parts play well together?
Do places exist where you can outsource the design and assembly of these supporting components?
Can we reasonably expect that Ken has both the funds and competency to place the calls and get this shit contracted?
I sort of worked how many chips would be need to gain 3% of the network. 3% of the network is my happy figure because it would bring in 0.0039 btc per share/year and on an open market the shares would be valued around 0.0025 - 0.006 if this was the case (And inside that margin exists my break even point)
To gain 3% of the network I assume we need 19,000 chips hashing at 16GH/s per chip. This results in 300TH/s which will for a short time be 3% of the network. If Ken can reinvest 50% and eASIC allows for a quick turnaround for new chips I see no reason 3% cannot be maintained.
What does everyone think about this?
To gain 3% of the network I assume we need 19,000 chips hashing at 16GH/s per chip. This results in 300TH/s which will for a short time be 3% of the network. If Ken can reinvest 50% and eASIC allows for a quick turnaround for new chips I see no reason 3% cannot be maintained.
What does everyone think about this?
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
We know that sometime after the ipo to raise the nre funds that the feds decended on the exchanges.
Ken has said that he needed to provide his info to ukyo and was under the impression that they were going to be sent to the SEC
Ken probably spoke to a lawyer
Any lawer worth a damn will tell their client to stfu immediately
I would like to think that this is why we have only been getting single sentance information from Ken.
Ken has said that he needed to provide his info to ukyo and was under the impression that they were going to be sent to the SEC
Ken probably spoke to a lawyer
Any lawer worth a damn will tell their client to stfu immediately
I would like to think that this is why we have only been getting single sentance information from Ken.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
25,000 - 641 = 24,359 = 10,000,000 / 24,359 = 0.0024359 Bitcoin per share.
About 97.5% of the dividend is remaining.
About 97.5% of the dividend is remaining.
The advantage of easic is supposedly cheap and fast chips once the first run completes.
Ken can pay back the ipo coins with just 70 days of being 10% of the network.
Now the question is: how quickly and cheaply can ken get thise chips mounted and hashing in the garage and is he going to kill us by wasting time and money pursuing the sales side of this beast.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
I will have to wait until the deadline, so that everyone receives their dividends.
What deadline are we waiting for? Time / Date please .
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
So are we waiting until Dec 2 when bitfunder pushes the remaining shares to you or do you have a plan to execute the transfer before then. You could savea lot of time by simply freezing the asset and downloading the asset list. Bitfunder is dead officially now. You have better things to do than prod people to transfer. This is easy Ken.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
I always viewed the sales side of actm as a huge risk and waste of time. Engineering something for the consumer is an expesive and time costly task with little reward. The only reason it worked for AM is because they HAD to sell hashrate in order to be able to deploy the remainder of their chips while staying under a 51% threat. Many asic producers are around now. The fear of anyone capturing a portion of the network that size no longer exists. Mining is a race to the bottom by those who own chip ip . There is no room for for a consumer device. imo actm should focus on mounting our easic chips and cheaply as possible and bring hashrate online as quickly as possible. ... unfortunately presales have us locked into making those damn customer modules I guess 
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
I can appreciate that.
My only counter would be that AsicMiner has not had any real problems dealing direct.
It may even improve liquidity as people deal p2p on the forum who are currently spooked by the exchange
And no things are not working fine... take a moment to peruse the forum before posting your "omg noz!" reply
My only counter would be that AsicMiner has not had any real problems dealing direct.
It may even improve liquidity as people deal p2p on the forum who are currently spooked by the exchange
And no things are not working fine... take a moment to peruse the forum before posting your "omg noz!" reply
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
You can save yourself from looking so foolish by educating yourself on the issues first.
Hell you dont even need to read the funder thread. I kindly provided you the two largest problems.
The first one mentioned was account access.
Hell you dont even need to read the funder thread. I kindly provided you the two largest problems.
The first one mentioned was account access.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
One of the security features implemented at bitfunder is the public asset list
This list enables issuers to move to "direct shares" in the event the exchange begins having difficulties / is compromised
With the recent bitfunder issues (account access problems, cant withdraw from weex, etc)
Now may be a good time to freeze the asset (not like we will lose any liquidity lol) and deal direct until colored coins come
Havelock might be a quick and dirty fix.
Please do not send dividends into bitfunder while weex withdrawl is broken
This list enables issuers to move to "direct shares" in the event the exchange begins having difficulties / is compromised
With the recent bitfunder issues (account access problems, cant withdraw from weex, etc)
Now may be a good time to freeze the asset (not like we will lose any liquidity lol) and deal direct until colored coins come
Havelock might be a quick and dirty fix.
Please do not send dividends into bitfunder while weex withdrawl is broken