AMC Is Massively Increasing Its Hash Power To 3.504 TH/s

kslaughter

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Quote from: leen on May 29, 2013, 12:30:28 AM

Quote from: kslaughter on May 28, 2013, 10:19:27 PM

Yes, We are also selling machines.

http://virtualminingcorp.com/

From what I have learned about mining hardware, I have learned to hate the the word "pre-order".
Not that I can afford to pre-order

I am surprised that none of the big boys, asus, dell, hp, etc., has entered the mining hardware market and we have to deal with amateurs such as avalon and butterfly labs. I am sure any one of them big boys can get all the miner-wanna-be what they want and more within a month if they want to.
I am looking forward to the day where I can go to Fry's of BestBuy and get me a 100 TH/s mining box for $149

Yes, that would be nice, however I don't think that is going to happen soon.

leen

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Quote from: kslaughter on May 28, 2013, 10:19:27 PM

Yes, We are also selling machines.

http://virtualminingcorp.com/

From what I have learned about mining hardware, I have learned to hate the the word "pre-order".
Not that I can afford to pre-order

I am surprised that none of the big boys, asus, dell, hp, etc., has entered the mining hardware market and we have to deal with amateurs such as avalon and butterfly labs. I am sure any one of them big boys can get all the miner-wanna-be what they want and more within a month if they want to.
I am looking forward to the day where I can go to Fry's of BestBuy and get me a 100 TH/s mining box for $149

kslaughter

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Quote from: mvidetto on May 28, 2013, 11:07:03 PM

“Never argue with a fool, onlookers may not be able to tell the differance.” -Mark Twain

Nice quote!

mvidetto

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“Never argue with a fool, onlookers may not be able to tell the differance.” -Mark Twain

kslaughter

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Quote from: mvidetto on May 28, 2013, 10:57:11 PM

Quote from: kslaughter on May 28, 2013, 12:04:40 PM

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

This is obviously a misleading statement. It has no date on when the devices will be operational and the current difficulty is no where near where it will be when the devices get online. Therefore, your revenues would be somewhere in like of ~$4-5k per day and ~$1m per year. You realize linking the wikipedia.org article just proved my point. Also, you didn't mention anything about the overinflated valuation of a company that hasn't delivered anything yet. This company is not worth 8.5% of AsicMiner or even 1% of AsicMiner.

You are right about the current difficulty not being where it is today, it either is going to be higher or lower, that is why in the statement if you would notice we say at the current Difficulty. I have to say, I think you are wrong about it being obviously misleading. We also say the estimated total revenue. You are right about it being over inflated valuation because investors see what value is to come. Linking to the wikipedia.org article proves my point as all of our statement are 100% true and always will be.

mvidetto

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Quote from: kslaughter on May 28, 2013, 12:04:40 PM

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

This is obviously a misleading statement. It has no date on when the devices will be operational and the current difficulty is no where near where it will be when the devices get online. Therefore, your revenues would be somewhere in like of ~$4-5k per day and ~$1m per year. You realize linking the wikipedia.org article just proved my point. Also, you didn't mention anything about the overinflated valuation of a company that hasn't delivered anything yet. This company is not worth 8.5% of AsicMiner or even 1% of AsicMiner.

kslaughter

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Quote from: mvidetto on May 28, 2013, 10:40:45 PM

Be weary of typical pump and dumb, artificially raising price on bitfunder.com over the last few hours. In addition to press releases about hashing rates they don't have yet, typical scammy activity. They value their company at BTC80,000 when AsicMiner is at BTC1 million and they don't have the profits/revenue stream to back it up. Be very weary of investing.

Please read the definition of pump and dump here: http://en.wikipedia.org/wiki/Pump_and_dump

First of all we are not making any false and misleading positive statements. All of our statement are true and are not misleading. We do have 6 Avalon's on order, we have 1,150 Avalon chips we are turning into hashing cards due in about 4-6 weeks, and we just ordered 10,000 Avalon chips to turn into hashing boards. We have not made any false or misleading statements.

mvidetto

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Activity: 462

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Be weary of typical pump and dumb, artificially raising price on bitfunder.com over the last few hours. In addition to press releases about hashing rates they don't have yet, typical scammy activity. They value their company at BTC80,000 when AsicMiner is at BTC1 million and they don't have the profits/revenue stream to back it up. Be very weary of investing.

kslaughter

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Quote from: Lorren on May 28, 2013, 10:32:30 PM

These were written by AMC and posted to BitFunder. Are these press releases?

Yes

Lorren

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These were written by AMC and posted to BitFunder. Are these press releases?

kslaughter

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Quote from: Korbman on May 28, 2013, 10:22:26 PM

Quote from: kslaughter on May 28, 2013, 12:04:40 PM

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

This looks as if it was written for an article, but I can't seem to find the actual source. Link?

https://bitfunder.com/asset/AMC ->News

Korbman

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Quote from: kslaughter on May 28, 2013, 12:04:40 PM

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

This looks as if it was written for an article, but I can't seem to find the actual source. Link?

kslaughter

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Quote from: leen on May 28, 2013, 10:17:19 PM

I think I got it now. You are selling shares and options to this BTC mining cooperative.

Yes, We are also selling machines.

http://virtualminingcorp.com/

leen

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I think I got it now. You are selling shares and options to this BTC mining cooperative.

kslaughter

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Activity: 476

Merit: 250

Link to Avalon's and Chip Orders

https://bitfunder.com/asset/AMC profile->images

kslaughter

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Quote from: leen on May 28, 2013, 07:41:22 PM

Quote from: kslaughter on May 28, 2013, 12:04:40 PM

...
$19,280.28 per day and a yearly amount of $5,398,450.75.

I'd be tempted to keep the machines and to mine with them rather than selling them

Hopefully the price for these things will come down a bit so I can get one myself.

These are going in our mining cooperative, so we are keeping the machines not selling them.

Check out AMC in my sig below.

leen

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Merit: 10

Quote from: kslaughter on May 28, 2013, 12:04:40 PM

...
$19,280.28 per day and a yearly amount of $5,398,450.75.

I'd be tempted to keep the machines and to mine with them rather than selling them

Hopefully the price for these things will come down a bit so I can get one myself.

kslaughter

sr. member

Activity: 476

Merit: 250

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

Topic: AMC Is Massively Increasing Its Hash Power To 3.504 TH/s (Read 1594 times)