minerpart



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Sr. MemberActivity: 280Merit: 250IIIIII====II====IIIIII Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 03:58:38 PM #2501 We can't expect Ken to be a stockbroker. He would covert the btc as and when needed I'm sure.



For example if 30btc can get us two more top end miners that will mine us 90btc over their lifetime then thats the sort of business decision I would expect him to make. He has far too much to do already without sitting around watching the price of btc fall and rally.

minerpart



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Sr. MemberActivity: 280Merit: 250IIIIII====II====IIIIII Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 04:06:34 PM #2502 Quote from: Bargraphics on November 11, 2013, 03:57:46 PM I would like to see the current prospectus followed through before any changes were made, I don't even believe shareholders could vote to change the prospectus so it would be silly speculating if that is the case.



The total percentage cost associated with reinvest are not defined in the IPO agreement. So Ken can reinvest 5% or 100% of mined revenue and we have no contractual say in that. But Ken is open and responsive enough to allow us input into these sort of decisions - the most recent example was the feelers he put out on here over the Avalon chip refund application. He went ahead only after consulting on the thread.



So we are consulted and everyone is free to voice their own views on this. But like I say Ken can chose whatever figure he thinks is best. At the moment he is saying that is 50% but he might want to go higher but won't incase investors are not happy. Ofcourse he might think 50% will be more than enough once we get hashing seriously. The total percentage cost associated with reinvest are not defined in the IPO agreement. So Ken can reinvest 5% or 100% of mined revenue and we have no contractual say in that. But Ken is open and responsive enough to allow us input into these sort of decisions - the most recent example was the feelers he put out on here over the Avalon chip refund application. He went ahead only after consulting on the thread.So we are consulted and everyone is free to voice their own views on this. But like I say Ken can chose whatever figure he thinks is best. At the moment he is saying that is 50% but he might want to go higher but won't incase investors are not happy. Ofcourse he might think 50% will be more than enough once we get hashing seriously.

Ozymandias



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Sr. MemberActivity: 658Merit: 250 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 05:29:03 PM #2503 Quote from: funkymunky on November 11, 2013, 03:13:08 PM Ken stated that he has to manually perform a payment for some of the mining equipment into their wallet.



My reading of that is that they are from the initial prototype chips.



Therefore; since the afternoon of 03Nov13 this new extra equipment has mined 6.8882027 BTC



Do we know how many chips are usually given in the prototype and subsequent low volume phases of production? If the current hashrate (1.4th/s) is a result of the klondikes (307gh/s), avalons (430gh/s), and sample chips (~700gh/s aka 35-43 chips), would it make sense for the 3th/s to come from the low volume (150-187 chips) process? Does anyone have more concrete numbers about how many chips to expect in the sample and low-volume stages? Do we know how many chips are usually given in the prototype and subsequent low volume phases of production? If the current hashrate (1.4th/s) is a result of the klondikes (307gh/s), avalons (430gh/s), and sample chips (~700gh/s aka 35-43 chips), would it make sense for the 3th/s to come from the low volume (150-187 chips) process? Does anyone have more concrete numbers about how many chips to expect in the sample and low-volume stages?

WikileaksDude



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Hero MemberActivity: 490Merit: 500 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 06:00:25 PM #2504 Quote from: Bargraphics on November 11, 2013, 02:02:30 PM Quote from: LorenzoMoney on November 11, 2013, 02:00:05 PM



Just a suggestion. Previously, you had used BTCGuild for mining.

Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.



Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.



http://eligius.st/~gateway/





Also, Luke and his crew does a very good job of maintaining the site.









Lorenzo Money

Ken,Just a suggestion. Previously, you had used BTCGuild for mining.Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.Also, Luke and his crew does a very good job of maintaining the site.Lorenzo Money



BTCGuild has 3% fees

Eligius has 0%



Ken could be merged mining NMC does he do this currently (Although it would be next to nothing right now)



Eligius is ran by Wizkid057 and they are always helpful and online at Freenode #Eligius

BTCGuild has 3% feesEligius has 0%Ken could be merged mining NMC does he do this currently (Although it would be next to nothing right now)Eligius is ran by Wizkid057 and they are always helpful and online at Freenode #Eligius

Yes this would be a good idea indeed! Yes this would be a good idea indeed!

EskimoBob



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LegendaryActivity: 910Merit: 1000Quality Printing Services by Federal Reserve Bank Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 07:51:06 PM #2506 Quote from: LorenzoMoney on November 11, 2013, 02:00:05 PM



Just a suggestion. Previously, you had used BTCGuild for mining.

Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.



Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.



http://eligius.st/~gateway/





Also, Luke and his crew does a very good job of maintaining the site.



Lorenzo Money

Ken,Just a suggestion. Previously, you had used BTCGuild for mining.Recently switch to Eligius Pooled Mining. Did it in part just out of curiosity.Discovered that Eligius pays out more than BTCGuild. Also, Eligius allows for the mining speed and income to be viewed publicly by anyone who knows the bitcoin address being used to mine.Also, Luke and his crew does a very good job of maintaining the site.Lorenzo Money

Ken, if you switch, please post the address to the first page of this thread, so we do not have to search for it from 120+ pages of mostly useless crap. Ken, if you switch, please post the address to the first page of this thread, so we do not have to search for it from 120+ pages of mostly useless crap. While reading what I wrote, use the most friendliest and relaxing voice in your head.

BTW, Things in BTC bubble universes are getting ugly....

robot_rwf



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NewbieActivity: 2Merit: 0 Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] November 11, 2013, 08:50:07 PM #2514

Just sent an email about this with screenshots and more information to the transfer@ address, I would like to save my shares ...worried about this, what can I do now?? I think i might have had made a transfer to AMC-TENDER without setting up a public address first properly. I wasn't sure whether the default value in the form box was the first few characters of the previously entered one..Just sent an email about this with screenshots and more information to the transfer@ address, I would like to save my shares ...worried about this, what can I do now??