[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[VolanicEruptor]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

you will never make $3/share.. thats over 20 million dollars.  You know that.  You also know that mining is far more profitable.  Don't act stupid.

In order to make this much we need to get hashing ASAP, its very possible but not without a mining farm. Obviously ken knows this but it needs to be stressed more

Ken has a personal mining farm but we won't see any of the profits.  This is why he makes no mention of it.  Can't wait to meet the son of a bitch.

[Jasun7211]

you just dont get it.  how are we going to earn .0025 in dividends if that equates to 10x as much money as before.

Please get me out of this hell hole of idiots

Hahaha again you can't compare the fiat paradigm to the Btc paradigm.  Bitcoin like gold and silver the value is fairly stable priced in its own respective self.   Similar but not exactly to ratio investing.  Its the fiat that's the only thing that's changing.  

Example

In 1950 gas was about .20 cents a gallon.  You could either pay in two dimes or take the two dimes and sell the dimes for .20 for its 90% silver content, and get your gallon of gas either way.  

Try this again in 2013.  You'll get arrested if you buy gas with post 1964 dimes.  But you can take. Those same two 1950 dimes sell them for about 3.50 today and there's your gallon of gas.  Silver and oil stayed relatively stable to eachother.  The dollar was the volitale variable in that equation.  

Same idea here, except we are all escaping the dollar.  We are in the process of not pricing things in dollars these days.  Its a quick and dirty version, but you can't compare using Fiat prices.  Btc is in the process of finding its stability level...which may never happen in my lifetime, but it could be lower than where it is today.....in the end who knows.  Therecould be an emp attack over the US and would render many coins lost and worthless in the panic that ensues......in Africa or anywhere with electricit they will double in purchasing power overnight.  Who knows....but you can only really value btc in purchasing power....not in other moneys.

[stonehoo]

hi there, I have like 45 shares of activemining on bitfunder, which were transfered to tender before BF shut down, is there anybody know what happen to the them right now? are there any dividends?

[SebastianJu]

Why would you not be able to reinvest mining profits into making more chips? 

You will be able but it would be far less effective.

Imagine:

Day 1 Order new miners in the worth of 100Bitcoins
They reach soon.

Day 1 Mine 1 Bitcoin...
Day 2 Mine 1 Bitcoin...

Until you have collected enough Bitcoins to make worthwhile reinvestment it takes way more time than if you could turn your miners in profit instantly, order more, sell them and so on.

Having the mining income of 2 or more months in an instant brings you big advantages. And the bigger you can create an order of new miners the cheaper they are. No comparison to make small orders each 2 weeks after you collected a couple more bitcoins with mining.

Ken has a personal mining farm but we won't see any of the profits.  This is why he makes no mention of it.  Can't wait to meet the son of a bitch.

Funny how hard you work to spread your phantasies. Its so random what you claim here... hefty.

[Ozymandias]

hi there, I have like 45 shares of activemining on bitfunder, which were transfered to tender before BF shut down, is there anybody know what happen to the them right now? are there any dividends?

Dividends have been saved up and will be disbursed when we are live on our new exchange crypto-trade, where an account will already be made for you based on your email used at bitfunder, in the next few days.

[redbeans2012]

Example 1:

Bitcoin worth $120
10,000,000 shares are priced .0015
this means that Ken would have to PROFIT $1.8 million dollars to give us .0015/share

Example 2:

Bitcoin worth $1200
10,000,000 shares priced at .0015
this means that Ken would have to PROFIT $18 million dollars to give us .0015/share.  This now makes the share price worth .00015 because you have to earn 10x as much fiat.


The only way to make the insanely high Bitcoin value work for the share price is to turn this into a mining company and bring in some bitcoins with this hardware instead of selling machines.  Obviously Ken won't talk about mining because he wants to take that half of the business for himself

Very good, now the Investors guarantee is now $3.00/Share @ $1,200 and it was .30/Share @ $120 Bitcoins.  Seems like a win for the Investors.

Again, Ken replies to the "trolls" more than his actual investors and customers.  Why doesn't Ken answer some of the questions put forth by his investors that trusted him?  What units were shipped, how are they performing? Can I order some? When will I get it in the mail? What is the status on the mining farm?  I can't even believe I have to ask such simple questions.

[VolanicEruptor]

Lets call it the SMART EDITION!

[coinfresh]

LRN 2 spell, phaggot 

FFS crumbs, dont you have some cats to feed?

[mannybitcoins]

1. Make the image bigger so we can actually read what's on it without squinting. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

[VolanicEruptor]

1. Make the image bigger so we can actually read what's on it. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

If you really couldn't read it, you would have thought it was just a regular dilbert cartoon and wouldn't have made that comment. 
I'm smarter than u

[mannybitcoins]

1. Make the image bigger so we can actually read what's on it without squinting. If you're going to troll, at least troll properly.
2. You have too much time on your hands.

If you really couldn't read it, you would have thought it was just a regular dilbert cartoon and wouldn't have made that comment.  
I'm smarter than u

There I fixed it for you. You might be used to squinting to see small things (sorry about that   ), but we rather not have to.

I'm just helping you troll, seeing as it's the only thing your good at.  

[drawingthesun]

Ken please answer honestly, do you have any eASIC chips hashing right now? And have you sent any product out to customers that contain eASIC chips.

This is super important Ken.

[VolanicEruptor]

Ken please answer honestly, do you have any eASIC chips hashing right now? And have you sent any product out to customers that contain eASIC chips.

This is super important Ken.

super duper

[shaofis]

Again, Ken replies to the "trolls" more than his actual investors and customers.  Why doesn't Ken answer some of the questions put forth by his investors that trusted him?  What units were shipped, how are they performing? Can I order some? When will I get it in the mail? What is the status on the mining farm?  I can't even believe I have to ask such simple questions.

Agreed.

[Stuartuk]

As Ken is talking to Meth-addict VE I've had to take him off ignore.

VE you are the biggest fucking numb-skull I've ever seen.

The answer to your btc appreciation question is something for a five year old. If btc is worth 10x more THEN SO ARE OUR MACHINES YOU FUCKING RETARD. So we sell them for proportionally more in FIAT or the same in btc and 1 mill in divs from sales becomes 10 mill in divs from sales.

You really are a meth-riddled brain dead zombie. You have been banging on about this for days and it's junior math. OMG

Did you and crumbs go to the same school because he thinks there are 48 weeks in a year. He even worked it out for us. You are the same guy right?

KEN if you meet this guy it will benefit no one. He is an unreasonable cynical moron you are wasting your time. Please have security with you when he is around.

[btct22]

We have been contacted by Crypto-Trade in Hong Kong and will be moving our shares to their exchange.  We feel that this will be the best place for our shares to be traded until we have a tested solution with a decentralized trading and dividends method.  Crypto-Trade will be accepting our list of sharesholders and their number of shares and will create accounts automatically.  There is no need to sign up for an account on Crypto-Trade as it will be created for you.

When will this occur, and also what is the expected date for dividends to resume?

[Stuartuk]

btct22-

If you want an answer to that you could start with some manners and try putting a 'Hi Ken' and a 'thanks' at the end.

[knybe]

What the… I go off for saturday fun time and come back to this? I was under the impression this was a moderated thread?

unhinged in here.

[VolanicEruptor]

As Ken is talking to Meth-addict VE I've had to take him off ignore.

VE you are the biggest fucking numb-skull I've ever seen.

If btc is worth 10x more THEN SO ARE OUR MACHINES YOU FUCKING RETARD.

Ken has only raised the prices of the machines by 50%.  If what you said had any truth, then he should be selling the machines for 1000% more with his listed FIAT prices.  Please acknowledge this flaw in your calculation.. once you do this then you will realize what I'm trying to tell you guys

[VolanicEruptor]

As Ken is talking to Meth-addict VE I've had to take him off ignore.

VE you are the biggest fucking numb-skull I've ever seen.

If btc is worth 10x more THEN SO ARE OUR MACHINES YOU FUCKING RETARD.

Ken has only raised the prices of the machines by 50%.  If what you said had any truth, then he should be selling the machines for 1000% more with his listed FIAT prices.  Please acknowledge this flaw in your calculation.. once you do this then you will realize what I'm trying to tell you guys

Can't we just agree that you're both totally nanners?

says the one who posts in a thread all day that has nothing to do with him.    you're out of whack too, unless you actually hold shares, I don't even understand why you put any effort here..