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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]  (Read 772010 times)
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Jasun7211
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January 22, 2014, 03:19:47 AM
 #8041

Hey Zum don't forget to pull that order;).  This is all great news. 

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zumzero
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January 22, 2014, 03:26:03 AM
 #8042

Thanks J, I did and sold the btc which I am now living off until I start my next contract!

It's amazing to think that I am entirely living off money which I mined using a BFL miner.  Mortgage, bills, food, the lot.  Hookers and blow are but a distant memory!

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
Jasun7211
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January 22, 2014, 03:34:23 AM
 #8043

Hahaha well from the looks of it we will all be able to afford some high class hookers.  Cheers man.

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Vigil
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January 22, 2014, 04:03:47 AM
 #8044

Ken, how did you find these two engineers and their stealth company, People's ASIC?
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January 22, 2014, 04:12:30 AM
 #8045

Polish it first then make me an offer, I might be buying more.

Polished and offered via PM. Look forward to your reply


Lol, thanks wasubii, it has a lovely sheen now.  Here's the thing, I don't have the finances right now to commit to a deal however in a couple of months that will have changed. As your price is so good, I am about to pm you with an alternative to btc and would be interested to know your thoughts.  Perhaps we might still do a deal?

Thanks Zum - il do some research and get back to you about the alternative you have suggested.

Anyone else feel free to PM me if also interested. I won't have a bidding war. Price is fixed. When they're gone they're gone. Deal by reputable escrow only with funds released once shares are tradable and have been transferred.
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January 22, 2014, 04:36:57 AM
 #8046

I have found a record of People's ASIC:

http://www.bizapedia.com/ca/PEOPLES-ASIC-LLC.html

It is "run" by a Gregor Glawitsch who has a Computer Science degree from Johannes Kepler University.

Dude seems legit - he has some background all over Google.
JoTheKhan
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January 22, 2014, 07:21:50 AM
 #8047

Please scroll down to the bottom of this page and explain why there were shares already sold on Crypto-Trade.

https://crypto-trade.com/tradex/ipo/amc_btc

Anyone have an explanation?
wasubii
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January 22, 2014, 07:28:29 AM
 #8048

Please scroll down to the bottom of this page and explain why there were shares already sold on Crypto-Trade.

https://crypto-trade.com/tradex/ipo/amc_btc

Anyone have an explanation?

Ken eating up the highest bids with his personal shares?
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January 22, 2014, 07:30:36 AM
 #8049

There are some here who'll bitch that questions like that are typically asked and answered before one commits to contracts, but not I.

With ADD children like you around, it does not matter one way or another, you'll hump everyone's leg to get attention with or without information, VE|crumbs|whoever
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January 22, 2014, 07:33:48 AM
 #8050

Please scroll down to the bottom of this page and explain why there were shares already sold on Crypto-Trade.

https://crypto-trade.com/tradex/ipo/amc_btc

Anyone have an explanation?
+1。someone can tell?

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wasubii
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January 22, 2014, 07:36:40 AM
 #8051

Hopefully its a glitch on CT, but if it isn't, then who else could possibly have shares to trade if not one of the Slaughter clan?

Say it isn't so Ken!

EDIT: One other possibility, the admin of crypto trade buys shares on crypto-stocks and holds them there, then he issues shares on CT to eat up the high value buy orders? Then later he can buy back the shares on CT and destroy them, then sell his shares on CS...?
st4nl3y
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January 22, 2014, 08:00:42 AM
 #8052

might be ken testing the trading engine or CT admins but I am OK with this as long as no more trades occur "quietly"
It's only a few shares anyway...
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January 22, 2014, 09:07:04 AM
 #8053

Yes. Ford sell more cars than Porsche. But Porche have the better car - by far.

Ford revenue 2012: 134 Billion USD
Porsche revenue 2012: 13.9 Billion Euros

ActM isn't Ford or Porsche in this analogy though, that would be AM and KnC respectively. Think of the crappiest car company you can think of, that's ACtM in this analogy.
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January 22, 2014, 09:20:57 AM
 #8054

Yes. Ford sell more cars than Porsche. But Porche have the better car - by far.

Ford revenue 2012: 134 Billion USD
Porsche revenue 2012: 13.9 Billion Euros

ActM isn't Ford or Porsche in this analogy though, that would be AM and KnC respectively. Think of the crappiest car company you can think of, that's ACtM in this analogy.
KIA Motors.
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January 22, 2014, 09:49:21 AM
 #8055

Yes. Ford sell more cars than Porsche. But Porche have the better car - by far.

Ford revenue 2012: 134 Billion USD
Porsche revenue 2012: 13.9 Billion Euros

ActM isn't Ford or Porsche in this analogy though, that would be AM and KnC respectively. Think of the crappiest car company you can think of, that's ACtM in this analogy.
KIA Motors.

At the moment, ActM is more like a flying bicycle, powered by rainbows and things.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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January 22, 2014, 10:03:46 AM
Last edit: January 22, 2014, 11:06:25 AM by Mabsark
 #8056

Ken, do you take everyone here for gullible idiots?

The original plan was for 45nm chips and 28nm chips, but the 45nm chips were cancelled because you didn't think they were worth pursuing. Now you're talking of 55nm in Q2/14?

Ken, if you would of stuck to the original plan to produce 45nm chips, would ActM be mining on them now instead of having to wait a few more months for 55nm chips which are going to be completely useless by the time they're mining?


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January 22, 2014, 10:34:07 AM
 #8057

Prediction - Ken decided to move from NExtreme to Easiccopy.

You heard it here first... although I missed the 55nm chip stuff.

The Happy Clappy Bitcoin Chappy - http://twitter.com/vincesamios
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January 22, 2014, 11:05:01 AM
 #8058

So Nextreme 3 is indeed delayed/DOA. No other reason for this move, and no way eASIC would otherwise give Ken the netlog and IP. I guess thats their way of making up.

Not sure why people consider this good news though; a 55nm asic has most of the disadvantages of a 28nm structured asic (lower powwer effiency, lower performance/mm²) without having the key advantage: time to market. I guess its about the only thing Ken could do, but good news, it aint.
sparky999
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January 22, 2014, 11:12:46 AM
 #8059

Can we just give Ken a little credit for pursuing other avenues for a second? He knows what cost these chips are getting produced at and he obviously thinks there is a lot of money to be made otherwise he would have just waited for the custom 28nm from  eAsic.

Let's just give the guy a break he is clearly doing everything he can to make this a success as an investor that's all you can ever ask.
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January 22, 2014, 11:20:47 AM
Last edit: January 22, 2014, 11:35:23 AM by kactech
 #8060

1.9GH/s and 2.5W, estimated end of profitable hashing:
0.20 $/kWh - July
0.15 $/kWh - August
0.10 $/kWh - September
One month extra if BTC at $2k. From selling point, it can make wide customer base for future 28nm but needs high volume, no preorders, sell at costs, deliver on time.
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