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Actually it currently takes 10 days with 3.3 TH/s to mine a bitcoin.
Can you imagine what its going to be like for the August/Sept SP30 customers ? Thats a few more diff changes down the road still ...
pretty much screwed like all the rest of the preorders to date...only one that worked great was avalon preorder...everyone thinking they will get that kind of success
I agree, Avalon first batch has been the only mining gear that has paid off way more than it cost. From here on in your lucky to break even at best. Unless someone comes up with a way to produce 1ph for around $10,000.
Hi AlcheMiner,
I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?
Thanking you,
Red
I understand your fund raising stage has been completed, are we able to get a tape out time frame (Estimated schedule of dates) and an up to date progress report?
Thanking you,
Red
Hi Guys, Just wondering if you have an update yet? or any news really,
Thanks
Red
Re: [ANN] [ROCKMINER] IPO Announcement - miners using GEN3 ASICMINER chips
So out of the 1,500 BTC raised how much are you contributing for your share of 60,000 shares? Just your time and knowledge? is that really worth 6,000 BTC (~$3.5 million dollars) for 12 months work? (as this is the amount of time your shares are on hold)
Seems like if I put in anything my shares become worth a hell of a lot less, ie once you reach the full sale of the IPO shares, each share is then only worth 0.02BTC, so without even doing anything my investment is worth 20% of what it started at.....
What are your targeted sales? and your targeted mining farm? you sat you expect to have 6P, will this be used in mining or selling, what are your estimated profits on selling? 1% 5% 10%?
Any answers would be great, unless you can post some solid profits and estimates, I for one will not be investing
Regards,
Red
Seems like if I put in anything my shares become worth a hell of a lot less, ie once you reach the full sale of the IPO shares, each share is then only worth 0.02BTC, so without even doing anything my investment is worth 20% of what it started at.....
What are your targeted sales? and your targeted mining farm? you sat you expect to have 6P, will this be used in mining or selling, what are your estimated profits on selling? 1% 5% 10%?
Any answers would be great, unless you can post some solid profits and estimates, I for one will not be investing
Regards,
Red
Re: [Havelock] Bitcoin Difficulty Derivative (BDD) - Community Input Requested
I am happy with the increased fee. My only concern would be, if its this simple to change the fee up, what is stopping you to do so again in the near future.
In saying that, you have done a fantastic job thus far, making it worth the extra premium.
In saying that, you have done a fantastic job thus far, making it worth the extra premium.
I don't see the connection.
Even if ukyo lost a his coin to TF, what does this have to do with the confiscated deposits on weexchange? Or am I missing something.
If you are supposing that because Ukyo lost his personal money, he seized customers' deposits to cover that, I don't how see how this any different from him not losing money in investments, and seizing his customers' deposits to buy a fleet of sports cars . Both are just as wrong and equally illegal.
Even if ukyo lost a his coin to TF, what does this have to do with the confiscated deposits on weexchange? Or am I missing something.
If you are supposing that because Ukyo lost his personal money, he seized customers' deposits to cover that, I don't how see how this any different from him not losing money in investments, and seizing his customers' deposits to buy a fleet of sports cars . Both are just as wrong and equally illegal.
I would say he had his hot wallets with TF to earn his huge interest %, or at least most of the funds, if you add up all of the accounts that would of had BTC sitting there either in escrow for trades or the like, he could of exported these funds to try and reap the benefit of the % on offer from TF.
He would of only had to keep 50-100 BTC in we exchange at any one time, only once people withdrew their money he would move it back from Inputs.io....
Which for him would be flagged by the withdrawal action from Bitfunder. It may seem instant on your end but he wouldn't need a whole lot of live cash to keep everything afloat.
If I thought he was hiding funds in any way then I'd be shouting about it because 70 btc odd are bloody mine and many people I know have funds stuck as well 
Anything about governmental gag orders is pure speculation and they certainly would've have been broken by anything that's been said.
The funds aren't available can mean multiple things. I can only say that afaik this is true, that to my knowledge ukyo didn't use or steal them, and he is working on finding a way to pay us all back. At least last we spoke but that was some two months ago now. I really need to catch up and see if I can find out what the situ is.
Anything about governmental gag orders is pure speculation and they certainly would've have been broken by anything that's been said. The funds aren't available can mean multiple things. I can only say that afaik this is true, that to my knowledge ukyo didn't use or steal them, and he is working on finding a way to pay us all back. At least last we spoke but that was some two months ago now. I really need to catch up and see if I can find out what the situ is.
Please give me one single plausible reason why Ukyo would not be able to happen to all of our coins.
I can not think of a single circumstance where this would be legal and moral.
The bare facts are: he took deposits knowing he could not pay them back. He used other peoples deposits to pay people who tried to withdraw earlier. He is defaulting on his loans. Millions are missing. He refuses to tell us any details. He paid us 6 cents on every dollar he stole so far.
There are no possible legal reasons (that I can think of) beyond 'if I told you what happened, you'd be able to sue me more easily.' That's the quote-unquote legal reason that he has for not telling us what he ******** did to all our money.
I admire your optimism. But how long you going to wait? What if continues to say nothing for another month? It's already been 2. What about another year? Are you okay with that? Because Ukyo has shown 0 progress on this matter. He seems to spend more time on the forums here defending himself than anytime resolving the issue. Why? Because there isn't anything to resolve, he stole the coins, is the most likely answer.
The evidence points me to thinking that Ukyo invested in TF and got stung when TF got hacked.
Re: [Havelock] Bitcoin Difficulty Derivative (BDD) - Now Live!
Rannasha is in the right ballpark when it comes to the benefit of my managing the fund.
The beauty of a thing like DMS, BDD, eltopos ET.DIFF etc. is that you don't have to trust the issuer because it's obvious he or she'll make more money doing this honestly than scamming people. Guess what that means or at least should mean for you concerning disclosing your source of income, especially if there's doubt about your previous ventures. You have "some kind of deal", undisclosed, doesn't quite cut it...I was hoping that this would be implicitly clear, but I suppose not. Yes, I receive a portion of the exchange fees generated by the three funds. I'm going to see how this works out for the first Round of the funds and if the compensation is worth the time commitment. Hopefully this allays some of the counter-party risk fears.
DMS took a flat 3% on all sales of EXCHANGE, so BDD is a better value to shareholders in that respect.
My goal here is to provide a great derivative product to the community, make a few m/BTC by managing the fund and communicating with shareholders, and possibly establish a brand in the future like TAT has done.
It probably won't be worth your time with the little amount of BTC being traded with these, but down the road I see this being a nice little earner for you if you keep up the hard work, and are happy with a smaller paycheck at first.
Re: [Havelock] Bitcoin Difficulty Derivative (BDD) - Now Live!
Hey Hey, a nice 19.49% difficulty rise should make a dividend for sell of around 0.02 
I calculated 0.0436
You need to remove the % in fees that twentyseventy is taking & daily divs already paid
0.00114617 *200 = 0.229234
new rate is
0.0009592 *200 = 0.19184
Remaining is 0.0305 minus already paid divs gives 0.0248 ish
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
No need for that mate. So when will you be paying back this money then?
Look the ball is in your court so just do what you know is right. The community deserve full disclosure. Jesus, what are you doing on this thread throwing shit around like that for when you know how serious your situation is? It's not Ken that's under the microscope here, although you're clearly trying to play the diversionary card. They are going to throw away the keys if your not careful so tread carefully.
Look the ball is in your court so just do what you know is right. The community deserve full disclosure. Jesus, what are you doing on this thread throwing shit around like that for when you know how serious your situation is? It's not Ken that's under the microscope here, although you're clearly trying to play the diversionary card. They are going to throw away the keys if your not careful so tread carefully.
Honestly I am not trying to divert anyone's attention from anything.
Right now Weex owes a lot of btc to a lot of people.
To help ease things I am trying to use my ActM shares towards that.
In the meantime, Ken is in effect trying to steal the funds and pay himself personally.
(and as quickly as possible while misdirecting everyone as to the nature of the funds and his rights to do what he pleases with them)
And the great god Ken has made it quite clear that should any shareholder not agree with his actions that are based solely on his feelings/emotions and not backed my any legal nature, then he wishes them the best of luck to try to do anything about it.
By the way Zum, Ken will fund himself from this sale no one else, at least Ukyo would of spread the sale of this out to the people that weexchange owe money too. Ken is taking this for himself no one else, and he is in a rush to sell it now @ 0.01BTC per share as he knows as soon as he opens up trading the price will plummet.
Ukyo what ever the reasons you are holding the weexchange funds I for one am happy you are still here trying to sort this all out.
Why would you? what would you gain from this? A trading stop, a stop in all vital business activity, zero return for shareholders as VMC/ActM has very little in the way of assets as its all been spent on development and costs.
This would ruin ActM and shareholders will gain nothing, the people who pre-paid for their miners may receive 50% but sending this company bankrupt so early on will leave you with a huge legal bill and no return.
This would ruin ActM and shareholders will gain nothing, the people who pre-paid for their miners may receive 50% but sending this company bankrupt so early on will leave you with a huge legal bill and no return.