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Re: [ActiveMining] Shareholder Discussion Thread {moderated TROLL FREE}
by
SoylentCreek
on 12/02/2014, 21:18:44 UTC
Exactly the reason why I stopped frequenting the forum.  There is just WAY too much chattering and nonsense going on.
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Re: [ActiveMining] Shareholder Discussion Thread {moderated TROLL FREE}
by
SoylentCreek
on 12/02/2014, 21:00:53 UTC
Also, someone needs to write some posting guidelines, so people will have a clear understanding of what constitutes trolling.  For example, I would automatically remove any posts that include image macros of any sort. 
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Re: [ActiveMining] Shareholder Discussion Thread {moderated TROLL FREE}
by
SoylentCreek
on 12/02/2014, 20:56:44 UTC
I would advise posting links to the official Active Mining Announcements thread.  Also, any resources that shareholders, or potential shareholders might find handy should also be included (timelines, mining addresses, dividend information, etc).  Someone also needs to notify Ken that there is an effort being made to transition to a new thread, and ask if he would be willing to post updates into this thread as well as the official one.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 07/02/2014, 17:06:00 UTC

For example:

Quote
We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.

would have translated into something like

Quote
We are announcing today that ActiveMining is entering into the early stages of development of a 20nm chip.  While we have no specifics at this time as to when we can expect this chip to enter into the market, we want to insure our investors that we are constantly looking forward to ActiveMining's position in the Bitcoin Mining race, and we are fully aware that expanding into 20nm technology is an inevitable step that will have to be taken at some point in the future for us to maintain a competitive edge.

This is a good idea. Investors love this kind of marketing bullshit, they will take it over simple matter-of-fact statements from guys who know what they're doing anyday.

Maybe Ken could hire The Swede, he's got experience at this kind of thing.  Sam Noi was an autistic engineering genius just like Ken, with trouble communicating and sticking to promises, but The Swede managed PR for Labcoin for months, with Sam hardly communicating with him at all!

LOL!  Trying to compare LC to ActM.  How FUDy of you.  Let's look at a few things that we have that LC did not.  We have a face, and an identity of the person running the operation.  We have a physical location where this operation is being conducted.  We have people who have spoken to Ken over the phone and in-person. We have an established company, with a genuine reputation (eASIC) publicly stating their working relationship with us.

Basically, if this were a scam, Ken would literally be the stupidest scam artist of all time.  Sure, he may be a little incompetent when it comes to running this business, but that does not equate to scam.  Trust me, I am by no means an ActM cheerleader, and I certainly do not have the highest opinion of Ken at the moment, as my post history will show, but I would need a little more evidence than an anecdotal opinion that this is in fact a scam.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 07/02/2014, 16:56:03 UTC
we want to insure our investors

insure or assure? Do we need to be insured? Hope not. I won't be nominating you for the PR role Soylent Wink

LOL!  To be fair, it is early in the morning, and I have not had my coffee yet, so the grammar chi is a bit off. Cheesy

Nonetheless, there is NOOOO FUCKING way I would even attempt to do PR for ActM.  I had attempted to do some design and marketing for them (pro bono) last year, and I could not even get Ken to sign a freaking license agreement for user nickwen's logo, which I was using as my base for the various designs I was planning.  After that, I pretty much decided to end any and all involvement with Ken, other than being a meager shareholder.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 07/02/2014, 16:14:42 UTC
What's the deadline given by Ken for trading to commence?

The quote below is from a week ago. Since then, he is holding our shares hostage until he's made another 100 BTC selling Ukyo's shares and excluding the rest of his shareholders from trading.


As soon as I get the verification program up on the server, then as investors get verified we will start sending the list over to CT to create the accounts which will include the shares.  So, once the accounts are created then trading will start.

Ken, WHEN is this happening!?

Could you commit yourself to at least this one date in front of your shareholders?


Yes, I will be working on this the next few days.  I don't see to many problems getting it running ASAP.


He has been saying that for more than 2 months now.
Why not set a plausible deadline and stick to it. It'll surely calm some of the uncertainty here.

Also I urge Ken to hire a good PR. Your updates are often vague and oddly put which often causes confusion and create misunderstandings . You really really need to hire someone for better communication.   

This exactly!  He said he was going to be hiring a PR firm last year, and as you can see, that obviously did not happen.  One of the many things Ken said that he would do, that he did not.  Communication is one of the biggest problems that ActM has.  Yes, he is becoming a little more transparent by attempting to answer direct questions from shareholders, but Ken is notorious for putting his foot in his mouth.  A clear example of this is his off the cuff statement about possibly moving directly into 20nm.  With a PR firm, Ken would basically email his statements to them, and then they would present it in the most attractive way.  Granted, you can only dress up so much bad news, but some of the statements Ken has made in the past have not necessarily been bad news, but rather not well thought out.

For example:

Quote
We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.

would have translated into something like

Quote
We are announcing today that ActiveMining is entering into the early stages of development of a 20nm chip.  While we have no specifics at this time as to when we can expect this chip to enter into the market, we want to insure our investors that we are constantly looking forward to ActiveMining's position in the Bitcoin Mining race, and we are fully aware that expanding into 20nm technology is an inevitable step that will have to be taken at some point in the future for us to maintain a competitive edge.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/02/2014, 04:49:13 UTC
We are also thinking about going to a 20nm custom chip and skipping the 28nm, if we can get it produced fast enough.

No... Just no. Do you honestly hear yourself, Ken?  One, has eASIC even publicly announced that they are capable of making a 20nm chip in the near future?  Stick with 28, let's mine the shit out of them, and THEN we can look into expanding into 20nm. 
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 04/02/2014, 19:41:32 UTC
I dont even know why I come to the shit show anymore

Every day I hope to pick out something useful

+1

I'm merely checking in to see if we have started trading yet.  I see that Ken has apparently valued the listed shares at .0005 per unit, which is the original AMC IPO.  Not quite sure how I feel about that, but I guess we'll know soon how this will play out.  If it wasn't for the fact that I have committed to not investing another satoshi into this company until we at least get our dividends that we are owed, I would consider tossing another Bitcoin or two in at these prices.  I may indeed regret not doing that in a few months, but Ken has a ways to go before I entrust anymore of my money to him.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 09/01/2014, 19:49:37 UTC
Quote
What I see in the future is Bitcoin's exchange rate for USD going to over $10,000 in the next year.
Oh, so you are willing to go on record and pull an arbitrary Bitcoin valuation out of your ass, but you cannot give us a goddamn estimate of when we will be in full production, or when we can begin trading OUR shares.
What he is saying here is: "Unless bitcoin value goes to $10,000 we will not be in a very good position to make this work."

I sort of took it as that as well. 
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 09/01/2014, 19:03:49 UTC
I'm sorry, but at this point I have to assume that my investment is gone.  This update was riddled with so many contradictions, that I cannot help but think that Ken is just treading water at this point.

On the matter of when and where we can trade shares:
Quote
As soon as we get time to finish the verification interface; however, our core business comes first and working on Intellihash.

Interesting.  I remember being told weeks ago that this process would be done within a week.  Sounds to me like Ken is quickly becoming aware of the bloodbath it will be the moment trading goes live, and he is holding our shares hostage to delay the inevitable.

On where we are currently at from a development standpoint:
Quote
Our engineers are still designing our board. We had to change our engineering firm, and
learn a few lessons about hiring an engineer firm.  We don't have a date at this time.

So basically, we are at square one, yes?  If a new engineering firm was brought in because the original firm was a collosal fuck up, why are we just now hearing about it?  Secondly, as of 1/1/2014, you guys were "[assembling] our miners for quick delivery."  Err... How have you been assembling miners if there is litterally nothing readily avaiable to go into them.  Oh!  You managed to put a power supply in a case.  Wonderful!  I guess we are well on our way then.

On what he anticipates the hash rate to be by the end of Q1:
Quote
Due to our inexperience with design, we have had a few set backs; however, we have hired
the most competent RTL design team to make sure that when we spin up our chip it will work.  They are
very competent at Low-Power and getting the most speed from the chip.

Uhh... The question was not how awesome the RTL design team was, it was "What do you estimate the ActM hashrate be at the end of January, February and March?" So basically, no hashing can be expected until after March, yes?  

Quote
What I see in the future is Bitcoin's exchange rate for USD going to over $10,000 in the next year.
Oh, so you are willing to go on record and pull an arbitrary Bitcoin valuation out of your ass, but you cannot give us a goddamn estimate of when we will be in full production, or when we can begin trading OUR shares.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/01/2014, 17:53:17 UTC
I'm really starting to question the general age demographic of this thread.  After skimming through the last ten pages, I am picturing most of you as a bunch of 14 year old boys who are multitasking between BTCTalk, Reddit, Pornhub and of course fapping.  I guess I'll be back on Wednesday to see if anything interesting has happened. :/
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 07/12/2013, 20:24:29 UTC
Sooo... What is this damning evidence again???

We have learned that Micah Slaughter (Ken's Nephew I guess) may have purchased a car around November 5th.  Is there any proof that he actually purchased this car around that time? No.  Is there any evidence that suggest that he used shareholder money to purchase said car?  No.  So I ask again, what are we supposed to take away from this?
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 04:56:57 UTC
Update from Bitfunder:
Maintenance in progress. Funds from BitFunder accounts have been withdrawn to linked WeExchange accounts.
Website to be available for viewing by end of 12/6/2013
If your BitFunder account has problems linking with WeExchange this can be corrected by a BitFunder support ticket once the site is back online.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 02:35:30 UTC
Normally I would agree with you, VE. It would make sense to invest more into chips and into technicians to put the boards together and get started with mining, but, being the selfish bastard I am, at .00006 bitcoin per share, I would get 10.14 bitcoin, which at current prices would give me about $10,000.


Hmmmmmmm......promise of future wealth or immediate gratification?

I want 10.14 bitcoin please!

can we all agree that the avalon refund would be best invested towards an order of chips?  Otherwise it will only pay us .00006/share if he pays us right out.. at least then we can get an actualy mining farm going without waiting for money from sales.  Who agrees?

I believe he already has an excellent team to put together the board/chip assembly.  Him and his niece.  His young niece is quite handy with the glue gun, as she is already quite crafty with her art class homework assignments.. I also believe he will be using his dog to haul boxes of chips/boards across the garage floor

Woah woah woah! Even you have to admit that her macaroni collage was amazing.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 01:47:57 UTC
You've not upset me at all. I just find all of your post incredibly lame.

Oh don't, you are going to upset me now. How horrendous it would be to be considered 'lame'. Like an injured horse you mean? Or a hobbling duck maybe?

As someone who just had to put down both their pet horse and pet duck on account of them being stricken with lameness, I am under the impression that you may have had something to do with that you son of a bitch. There's a dark place in hell for monsters like you.  Cry
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 01:31:56 UTC

Lorenzo I can't sit idly by any longer while you repeatedly cast doubt on regulars here and the companies situation.

You are not going to stand by and listen to LorenzoMoney? Yes... That is exactly what you will do.

Wow I have clearly really upset you. I was polite and even apologised but you carry a grudge a long time?

Read my post again, you seem to have trouble reading and comprehending a very simple sentence - I can't sit idly by...

By 'idly' we mean 'doing nothing'. That's what I was doing, but now I have decided to interrupt his attacks on zumzero and his nonsense on the company and call him to account. So I am no longer sitting idly by - I am acting. Do you understand now?  Kiss


You've not upset me at all. I just find all of your post incredibly lame. I'm talking "Share this post to help fund the cure for Aids" on Facebook lame. I mean... Can you just try to stop being lame? Do it for the children!
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 01:12:12 UTC
Full scale production?
Did Ken tell you something? Have you seen the chips? Have you seen the assembly facility?
What evidence do you have that "we" are close to full scale production?

The big difference this time is that we've never been as close to full scale production as we are right now and each time there's a further development, share price gets a boost.

Lorenzo I can't sit idly by any longer while you repeatedly cast doubt on regulars here and the companies situation.

How long have you actually been on the internet? You are not going to stand by and listen to LorenzoMoney? Yes... That is exactly what you will do. That is how a forum works. This is not a board filled with rainbows, kittens and lollipops. We're all people, living in the real world, with real money at risk. Some people are going to ask questions. Some are going to be dicks, and others will be full on trolls. That is how the internet works. I am going to write you a prescription to 4chan.org so you can experience what assholes people really are. Point is, chill out with the pompous theatrics.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 00:40:27 UTC
Has anyone spoken to Ukyo? If so, is he still anticipating having the site back up today?
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 06/12/2013, 00:38:14 UTC
It received a boost when there was actual trading going on. Now it's anyone's guess what happens. Either people are going to sit back and hold, or they are going to run towards the exit.
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Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
SoylentCreek
on 05/12/2013, 23:56:04 UTC
I am suggesting that THAT particular quote should have been in the official procedure listed under announcements. 

Yes I totally agree which is what I said - it should have been put into the official post on here.

It was mentioned on the official announcement post on Bitfunder which means Ken has not been negligent which is why I said it was a good reply/come-back. Sorry if that offended you.

Edit - you would need to be familiar with this thread to get my post, which you are not, sorry.

I am well familiar with this thread.  I just don't care.

Yeah you should be reading the thread more often because now you're an outsider and not part the Activemining Bitcoin Mining Team.

Unlike Stuartuk, I actually have a life that does not revolve around waiting around my keyboard, hoping to catch the slightest wiff of a fart from Ken.