AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated. - page 2.

mvidetto

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Merit: 250

Quote from: Vbs on May 30, 2013, 08:40:28 AM

If someone would be so kind as to review my figures, I'd really appreciate it!

Quote from: Vbs on May 30, 2013, 05:55:54 AM

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 Tongue

) 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! Grin

Increasing network power by 20 TH/s per month... Really accurate... Why can't people just use normal extrapolations like 15%-20%...

Vbs

hero member

Activity: 504

Merit: 500

If someone would be so kind as to review my figures, I'd really appreciate it!

Quote from: Vbs on May 30, 2013, 05:55:54 AM

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 Tongue

) 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! Grin

Entropy-uc

hero member

Activity: 756

Merit: 501

I'm glad to see that I'm not the only one that sees the blatant scam that is AMC.

Weekly 'press releases' reporting on the owners bowel movements don't make a company.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: Mabsark on May 29, 2013, 10:31:25 PM

Quote from: ThickAsThieves on May 29, 2013, 10:13:59 PM

Quote from: kslaughter on May 29, 2013, 10:00:35 PM

Quote from: ThickAsThieves on May 29, 2013, 09:49:22 PM

Quote from: kslaughter on May 29, 2013, 09:24:35 PM

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do. Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

Why is he a hideous human being?

I've been mining since the CPU days and know for a fact that difficulty can go down as I've seen it happen numerous times. It it becomes unprofitable for miners to mine, some will stop mining. For example, if all the GPU miners stop mining, do you think that will cause an increase in difficulty?

So have I. The difficulty isn't going to go down until it is MUCH MUCH (~1000x) higher than now, when sometimes first gen asics could become unprofitable. When GPU miners stop mining, there will be more than enough ASICs deployed to offset it.

Yes, the difficulty might go down by 1 or 2% a couple of times, but when you start looking at the long term the difficulty is going to go up up up.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: stslimited on May 29, 2013, 11:27:28 PM

lol a Vanautu IBC

this is actually pretty interesting since you can purchase mining equipment completely with bitcoins your IBC doesn't need a bank account I am assuming?

Maybe not, getting one anyway.

stslimited

hero member

Activity: 546

Merit: 500

lol a Vanautu IBC

this is actually pretty interesting since you can purchase mining equipment completely with bitcoins your IBC doesn't need a bank account I am assuming?

Mabsark

legendary

Activity: 826

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Quote from: ThickAsThieves on May 29, 2013, 10:13:59 PM

Quote from: kslaughter on May 29, 2013, 10:00:35 PM

Quote from: ThickAsThieves on May 29, 2013, 09:49:22 PM

Quote from: kslaughter on May 29, 2013, 09:24:35 PM

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do. Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

Why is he a hideous human being?

I've been mining since the CPU days and know for a fact that difficulty can go down as I've seen it happen numerous times. It it becomes unprofitable for miners to mine, some will stop mining. For example, if all the GPU miners stop mining, do you think that will cause an increase in difficulty?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: ThickAsThieves on May 29, 2013, 10:27:35 PM

Quote from: kslaughter on May 29, 2013, 10:25:37 PM

Quote from: Caesium on May 29, 2013, 10:23:35 PM

Quote from: Bonam on May 29, 2013, 10:22:40 PM

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

How much of your recent volume is you buying AMC shares?

Not much.

ThickAsThieves

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Activity: 518

Merit: 500

Quote from: kslaughter on May 29, 2013, 10:25:37 PM

Quote from: Caesium on May 29, 2013, 10:23:35 PM

Quote from: Bonam on May 29, 2013, 10:22:40 PM

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

How much of your recent volume is you buying AMC shares?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Caesium on May 29, 2013, 10:23:35 PM

Quote from: Bonam on May 29, 2013, 10:22:40 PM

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Bonam on May 29, 2013, 10:22:40 PM

That metric would be 24 hour volume (in BTC).

Yes

Caesium

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Activity: 546

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Quote from: Bonam on May 29, 2013, 10:22:40 PM

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

Bonam

sr. member

Activity: 420

Merit: 250

That metric would be 24 hour volume (in BTC).

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Caesium on May 29, 2013, 10:20:14 PM

Quote from: kslaughter on May 29, 2013, 10:17:49 PM

now AMC went to number 1 on Bitfunder.

What metric are you measuring this by?

The standard one when you bring up the bitfunder page. AMC was number 1 for about 24 hours.

kslaughter

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Activity: 476

Merit: 250

Quote from: Bonam on May 29, 2013, 10:16:21 PM

The way you have phrased the title is very (seemingly intentionally) misleading. You really can't claim any revenue, let alone a USD value specific down to the dollar. The title should state your projected hash power and nothing at all about revenue.

Try:

AMC Is Again Increasing its Future Hash Power: 5.651 TH/s Estimated.

Or:

AMC Orders Another Batch of Avalon Chips, Raising Future Hash Power to 5.65 TH/s.

If you want to talk about an estimated/projected future revenue in USD, you can mention that in the text rather than the title. Keep in mind that you disclaim possible changes in difficulty, but make no statement about uncertainty of the future exchange rate between BTC and USD, which directly effects your claimed revenue number. But with the way you have the title phrased, it reeks of nothing but scam.

Yes, I guess I should disclaim the current exchange rate. Nice titles.

Caesium

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Activity: 546

Merit: 500

Quote from: kslaughter on May 29, 2013, 10:17:49 PM

now AMC went to number 1 on Bitfunder.

What metric are you measuring this by?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on May 29, 2013, 10:11:21 PM

The difficulty isn't going to go down with more mining hardware. We have had difficulty increases of 500x in a year with new technologies (GPU mining), same things will happen after supply issues are resolved

This asset is pure shit. Drafted by teh guy that thinks he can mine more coins in a year than the total reward.

I am sorry you feel that way TradeFortress. You was giving me S*** a month ago, now AMC went to number 1 on Bitfunder.
So it seems a lot of Investors don't think the way you do.

Bonam

sr. member

Activity: 420

Merit: 250

The way you have phrased the title is very (seemingly intentionally) misleading. You really can't claim any revenue, let alone a USD value specific down to the dollar. The title should state your projected hash power and nothing at all about revenue.

Try:

AMC Is Again Increasing its Future Hash Power: 5.651 TH/s Estimated.

Or:

AMC Orders Another Batch of Avalon Chips, Raising Future Hash Power to 5.65 TH/s.

If you want to talk about an estimated/projected future revenue in USD, you can mention that in the text rather than the title. Keep in mind that you disclaim possible changes in difficulty, but make no statement about uncertainty of the future exchange rate between BTC and USD, which directly effects your claimed revenue number. But with the way you have the title phrased, it reeks of nothing but scam.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: kslaughter on May 29, 2013, 10:00:35 PM

Quote from: ThickAsThieves on May 29, 2013, 09:49:22 PM

Quote from: kslaughter on May 29, 2013, 09:24:35 PM

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do. Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: kslaughter on May 29, 2013, 10:00:35 PM

Quote from: ThickAsThieves on May 29, 2013, 09:49:22 PM

Quote from: kslaughter on May 29, 2013, 09:24:35 PM

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do. Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You guys cant extrapolate a nearly linear increase of 6-9 th/s every other week as has been going on for the past few months?

Topic: AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated. - page 2. (Read 4299 times)