Bargraphics



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Every man is guilty of all the good he did not do.







Hero MemberActivity: 518Merit: 500Every man is guilty of all the good he did not do. Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 12, 2013, 12:27:20 PM #2544 Quote from: eikzbtc on November 12, 2013, 08:23:48 AM Quote from: drawingthesun on November 12, 2013, 07:54:48 AM Quote from: eikzbtc on November 12, 2013, 07:51:59 AM I think its better reinvest 100% until we sit at 10% .



50% is fine, no need for 100%



Just imagine it takes 8 months at 100% reinvested to get to 10% and then another competitor comes out and delays our 10% goal even more. Also many of us might need access to liquid Bitcoin and the dividend gives us that.

50% is fine, no need for 100%Just imagine it takes 8 months at 100% reinvested to get to 10% and then another competitor comes out and delays our 10% goal even more. Also many of us might need access to liquid Bitcoin and the dividend gives us that.

Ok not 10% , but maybe 5-8% , We can speed up a lot if we reinvest 100% at first and also we get better equipment price if we go high volume , so cheaper price , more sales , more income.

Ok not 10% , but maybe 5-8% , We can speed up a lot if we reinvest 100% at first and also we get better equipment price if we go high volume , so cheaper price , more sales , more income.

Volume doesn't get you that much cheaper, margins like this wouldn't be needed until very high difficulty.



If the company has working chips and they have to reinvest 100% to catch up or hold a decent percentage of the network we have bigger issues. With even 50% they should be able to raise/maintain their percentage for a long time. (If they have working chips)

Volume doesn't get you that much cheaper, margins like this wouldn't be needed until very high difficulty.If the company has working chips and they have to reinvest 100% to catch up or hold a decent percentage of the network we have bigger issues. With even 50% they should be able to raise/maintain their percentage for a long time. (If they have working chips)

adameb



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MemberActivity: 76Merit: 10 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 12, 2013, 04:08:58 PM #2549 Quote from: kslaughter on November 11, 2013, 07:50:07 PM VMC Sales:



3rd Quarter 2013 $1,404,217



October 2013 $520,898



Total Sales YTD $1,925,115



Dunno if this was covered, but do any of these sales figures include internal sales, or sales to any VMC related companies (I'm not sure what entities remain from the confusion of the original structure).



Basically I just want to know if any of these sales were to ourselves, from money raised in the IPO (or mining). I'm not sure how we're going to represent the gear we build for mining as opposed to that for external customer sales. Dunno if this was covered, but do any of these sales figures include internal sales, or sales to any VMC related companies (I'm not sure what entities remain from the confusion of the original structure).Basically I just want to know if any of these sales were to ourselves, from money raised in the IPO (or mining). I'm not sure how we're going to represent the gear we build for mining as opposed to that for external customer sales. Will Dance For Satoshis - 1F1q93wAqgH8WFghRKpnBW8HxShuzkRrqc

ColdCrypto



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NewbieActivity: 11Merit: 0 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 12, 2013, 04:50:03 PM #2552 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.

ColdCrypto



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NewbieActivity: 11Merit: 0 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 12, 2013, 04:57:16 PM #2553

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?



Quote from: drawingthesun on November 12, 2013, 06:49:50 AM 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?

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?

ColdCrypto



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NewbieActivity: 11Merit: 0 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 12, 2013, 05:24:17 PM #2554 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.

