AMC Discussion Thread (not self moderated) - page 5.

🏰 TradeFortress 🏰

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Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

kslaughter

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Quote from: Franktank on March 26, 2013, 01:18:30 AM

Do you have a timeline for your chip development? What makes your chip different and competitive to what is available? Are there plans in place if there are delays? You're coming late into the ASIC gen, delays mean significantly lower returns to investors. How will you account for that?

Working with a Major Semiconductor company right now. I can get prototype is 5-10 weeks on the 45nm process and soon the 28nm process, and starting mining with them. That is why I have a hybrid mining and development plan, you start getting dividends as soon a my 6 Avalon's arrive, well the next week. Yes, but the chips will be faster and use less power. Let me know if I did not answer all you question or you have any more.

Ken

Franktank

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Do you have a timeline for your chip development? What makes your chip different and competitive to what is available? Are there plans in place if there are delays? You're coming late into the ASIC gen, delays mean significantly lower returns to investors. How will you account for that?

🏰 TradeFortress 🏰

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Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: kslaughter on March 26, 2013, 01:11:24 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Did not need the company an more, check the [Bitfunder] tread for why if you are interested.
Wrong we are selling ~8,000 shares at .01.
What is the return if you buy it for .01 BTC, yes 100X that which you can do now, when unfroze.
Investors get all of the .01 BTC back before I get anything.

Not wrong. You specified that future shares will be only sold for at least 1 BTC.

Are you even planning to sell the shares at 1 BTC or is that simply to mislead investors in thinking they can quickly flip them?

kslaughter

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Activity: 476

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Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Did not need the company any more, check the [Bitfunder] tread for why if you are interested.
Wrong we are selling ~8,000 shares at .01.
What is the return if you buy it for .01 BTC, yes 100X that which you can do now, when unfroze.
Investors get all of the .01 BTC back before I get anything.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

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Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Did not need it any more. Thinking about re registering it.

I can't get over how you managed to screw up a web hosting template up for axs.net

kslaughter

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Activity: 476

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Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't need it any more. Thinking about re registering it.

🏰 TradeFortress 🏰

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Activity: 1316

Merit: 1043

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He still expects to have more than 51% of the network hashpower?

Roll Eyes

wisard

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Activity: 272

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Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Topic: AMC Discussion Thread (not self moderated) - page 5. (Read 5069 times)