SPRINGFIELD, MO, – June 2, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased a second full batch (10,000) of Avalon chips (Order # 10473) to build ~31 Fast-Hash-80's for AMC, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
You can use the link below to calculate the income:
http://www.bitcoinx.com/profit/
Estimated Hash Rate: 5,650,816
Estimated Power: ~60,000
Avalon Shopping Cart Screenshot:
https://bitfunder.com/asset/AMC profile->images
Topic: AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated. (Read 4216 times)
June 01, 2013, 11:52:36 AM
they might as well release a statement
AMC is again increasing its FUTURE hash power : 10000TH/s Estimated
AMC is again increasing its FUTURE hash power : 10000TH/s Estimated
I thought is 1000000THS/S?
June 01, 2013, 05:14:39 AM
NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
This was what was most concerning to me. That and the overhyped press releases. I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in. I did get out at a profit. If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.
The fraudulent press releases are gone from Bitfunder now. Thanks Ukyo!
AMC = BFL 2.0 has to be the best explanation of this company I have seen.
Awww, but I was looking forward to more increased estimated output of virtual mining equipment press releases (did I add enough nouns in there?).
May 31, 2013, 09:50:35 PM
NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
This was what was most concerning to me. That and the overhyped press releases. I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in. I did get out at a profit. If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.
The fraudulent press releases are gone from Bitfunder now. Thanks Ukyo!
AMC = BFL 2.0 has to be the best explanation of this company I have seen.
May 31, 2013, 02:15:22 AM
NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
This was what was most concerning to me. That and the overhyped press releases. I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in. I did get out at a profit. If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.
May 30, 2013, 10:22:55 PM
Comparing this venture to ASICMINER is like comparing a fully restored Ferrari to a rusted out 60s era VW.
ASICMINER paid out 100% of initial capital in less than a month. This POS won't pay back in 1 year, even using your fantasy numbers.
On top of that Kevin's structure of the company is straight from scammer Ian Bakewell's playbook. And his daily press release strategy, and pumping of stock prices is standard penny stock fraud operating principles.
NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
ASICMINER paid out 100% of initial capital in less than a month. This POS won't pay back in 1 year, even using your fantasy numbers.
On top of that Kevin's structure of the company is straight from scammer Ian Bakewell's playbook. And his daily press release strategy, and pumping of stock prices is standard penny stock fraud operating principles.
NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
May 30, 2013, 10:15:47 PM
You still haven't accounted for the number of outstanding shares. AMC has 100M total. 40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it). The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).
So dividends paid to share holders will be 2/22 M = 0.09 of profits initially. Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.
Put that in your spreadsheet and understand why you should sell while Kevin is pumping.
So dividends paid to share holders will be 2/22 M = 0.09 of profits initially. Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.
Put that in your spreadsheet and understand why you should sell while Kevin is pumping.
Until 12 months or a dividend payout of 0.0005/share, AMC has 40M issued shares. Of those, any not sold are considered Growth/Expansion Fund shares.
On my spreadsheet I already accounted the 1/40M split in the "Dividends/share/month", so those are the dividends each share gets, independently of the amount of shares sold.
The Growth/Expansion Fund estimates assumes only the incoming dividends from 20M shares, so if there are only 2M sold, the dividends should assume 38M shares, almost doubling the available BTC/month for growth purposes.
When AMC transitions to 100M issued shares, each share profits will decrease 60%. IIRC, Asicminer's dividends decreased ~71% when they exited the "shareholder protection" plan (0.00750846/0.02600008).
May 30, 2013, 08:54:47 PM
Thanks for the input! AFAIK, reinvestment is coming from the "Growth/Expansion Fund" (>=20M shares) and selling of shares. The values for the "Growth/Expansion Fund" represent the available BTC for reinvestment from the 20M accumulated share dividends.
Looking better?
(Acc stands for Accumulated).
Looking better?
(Acc stands for Accumulated).
You still haven't accounted for the number of outstanding shares. AMC has 100M total. 40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it). The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).
So dividends paid to share holders will be 2/22 M = 0.09 of profits initially. Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.
Put that in your spreadsheet and understand why you should sell while Kevin is pumping.
May 30, 2013, 02:54:09 PM
FYI it's not a "press release" if it's not released by the press. It should be called a news manipulation for marketing scheming.
FYI "Press Releases" are not from the press, but for the press.
An ounce of truth from a pound of vapor
May 30, 2013, 02:26:36 PM
FYI it's not a "press release" if it's not released by the press. It should be called a news manipulation for marketing scheming.
FYI "Press Releases" are not from the press, but for the press.
May 30, 2013, 02:09:23 PM
FYI it's not a "press release" if it's not released by the press. It should be called a news manipulation for marketing scheming.
+1
May 30, 2013, 01:25:13 PM
FYI it's not a "press release" if it's not released by the press. It should be called a news manipulation for marketing scheming.
May 30, 2013, 11:33:22 AM
Please no more press releases like this. The next press release should be when the 6 Avalon's have been received and are up and running.
You can bet, that I will do a press release on that.
May 30, 2013, 11:29:58 AM
Let them play in the sand. A few more useless press releases like this one and everyone will stop paying attention entirely, so that when they do have something useful to say, nobody will be listening.
May 30, 2013, 11:25:00 AM
they might as well release a statement
AMC is again increasing its FUTURE hash power : 10000TH/s Estimated
AMC is again increasing its FUTURE hash power : 10000TH/s Estimated
May 30, 2013, 11:07:16 AM
Please no more press releases like this. The next press release should be when the 6 Avalon's have been received and are up and running.
May 30, 2013, 11:02:15 AM
Much more accurate, still a terrible investment b/c at current valuations it is worth 1/10 of asicminer. I probably don't need to point this out but Asicminer is already proven and controlling more than 10x the network power that this company ever will.
Asicminer is currently yielding around annual 44-52%. https://btct.co/security/ASICMINER-PT > History.
May 30, 2013, 10:55:01 AM
Much more accurate, still a terrible investment b/c at current valuations it is worth 1/10 of asicminer. I probably don't need to point this out but Asicminer is already proven and controlling more than 10x the network power that this company ever will.
May 30, 2013, 09:26:03 AM
Thanks for the input! AFAIK, reinvestment is coming from the "Growth/Expansion Fund" (>=20M shares) and selling of shares. The values for the "Growth/Expansion Fund" represent the available BTC for reinvestment from the 20M accumulated share dividends.
Looking better?
(Acc stands for Accumulated).
Looking better?
(Acc stands for Accumulated).
May 30, 2013, 08:57:41 AM
If someone would be so kind as to review my figures, I'd really appreciate it!
I did today some quick math on the investment return, might as well share it with everyone.
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable
) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).
Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable
) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
You don't account for the huge demand for capital to build out the Avalon chips. There won't be any dividends for a long time, or existing shareholders will be greatly diluted. You need to show KC's cut of dividends, plus his reinvestment plans to be accurate.
Is AMC getting free electricity, bandwidth, space and support staff? I think those expenses consume 10% of ASICMiner's dividends. With much smaller scale, costs will be much higher.
Also there is no way the chips will come online in July. Even if Avalon delivers on time, which would be very much out of character, building and debugging boards will take weeks at best.
Similarly, it is unlikely that you will see a full month of hashing from the 6 Avalons. June is tomorrow and there are no Avalons so far.
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