Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 109. (Read 223316 times)

Yes, I see than happening soon.

What is going to happen to the older machines that AMC purchases? I believe you mentioned that the machines will be modular, will that come into play?


My body is ready.


Lots of consolidation going on in the .0008 range. A lot of flippers that bought at .0005 have dumped their shares at .0008 to new holders. In the near future I see us moving past .0008 after all the flippers have sold.

Oh Ken, you tease    Exciting stuff. Thanks for the update.

This sounds like a excellent idea.


Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

I have told Ukto about this bug, so he is aware of the problem.

Exercised options, Ukyo already said that those will be hidden from the overview as well in the future.

Private trades are 1 way. Shares trade hands, that's it.

https://bitfunder.com/asset/AMC check the trade history tab. Nothing had been sold/bought below .00077 in the past 48 hours.

It must be a bug (the time range is probably screwed up).

Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

You have BFL chip credits; I have AMC shares.

Let's make a deal.

Last I read it's ~15-20 shares/chip credit? PM me.

No, just keeping everyone informed about what is going on, good and bad.

Here is an update on the current luck:

Average luck per 10 shifts [Since Difficulty Change]
120.35%  69.82%  147.37%  100.75%  98.24%  97.55%  104.36%  131.74%  132.66%  125.40% 
141.12% 

Well, given what happened last time I mentioned this, I am less apt to believe that someone has bought a massive amount of shares. However:

AMC   20,000,000
AMC   13,809,057
----------------
AMC   1,005,320
AMC   617,206
AMC   304,678
AMC   216,091
AMC   200,000
AMC   187,000
AMC   149,919
AMC   148,204
AMC   104,475
AMC   100,544

Even with those 1,005,320 shares taken into account, roughly 200,000 are missing from the 15mil address.

Is...is this the news?

Current PPLNS Luck:

Average luck per 10 shifts [Since Difficulty Change]

64.97%  145.70%  106.49%  93.35%  101.57%  98.68%  135.04%  130.17%  125.31%  139.82% 

Past luck is not an indication of future results.

Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.  All of the foregoing will lead to higher share prices in the long run.  We have received news today and will be releasing it in due course.

June 20, 2013 Update:  The news we have received is still unfolding and may take a few more days before it is released.

Thanks for the excellent analysis.  

#1 worries me as a new buyer. I have now read this entire thread and am worried about the remaining shares. I think there were WAY too many shares issued for this which creates the confusion along with shares being in different categories. I still don't get why all the shares aren't issued at once and let the market do it's job. If Ken plans to indeed be successful then the shares will grow on their own. If he has other intentions then it sounds like he is trying to manipulate the market which worries me.

As for the development portion he claims I find that whole part hard to believe or even apart of the picture. We've heard nothing new on that front.

bitfunder is also harder to use than btc.co so not sure why it's on this exchange.

BOL to all.

definitely get your stocks traded also on cryptostocks and btct.to, more liquidity needed and it would be easier to trade as well. Bitfunder is OK, but I trade on 4 other apllications and enjoy all of them. It is also good to have shares of companies I bought in different exchanges to protect some part of portfolio

I have very high hopes for AMC (currently holding a large number of shares).  Being completely pragmatic however forces me to temper my optimism.  Below are the reasons why I've been holding at .0008 and not buying too many more.

1) The remaining 15 million shares need to be sold before the price will appreciably rise.  Investors appear to be unwilling (rightly so) to pay more than .0008/share when Ken could post the remaining shares at .0008 at any time.  I don't know what the solution to this problem is, possibly offer 5 mill shares on each btct.co and havelockinvestments.com?  Ken's goal was to let the market decide the price before issuing the remaining shares, but the looming flood of shares is artificially keeping the share price down.

2) We appear to be behind the ball attempting to design and sell 110nm mining rigs when 65nm are starting to ship and 28nm look to be shipping in September.  I'm not sure how much interest there will be today in pre-ordering a fast-hash 80 device at current price/power points.  I don't see hardware sales positively effecting share price until we can get in front of the ball.  I could see interest in pre-orders for 28nm chips if a reference PCB design was published and more was known about production agreements.

That being said, I have high hopes, but don't really see the share price moving in the short term.

You see all I see.  See previous post about our increase in hashing power which we have posted.  The wild card here, is if we can get our own chip, which can be competitive with KnCMiner's chip.  If so, then the machine sales and chips sales would really boost the value.  But, don't take that into account, just use the increased hashing power, add to that the 50% growth and development fund to increase the hashing power even more.  See VBS's spreadsheet in this thread for a more detailed forecast.  

Thanks for investing in AMC.  Yes, you are right about being to optimistic with what we have now.  Now lets look down the line a bit.  We have a total of 5.651 TH/s coming on in the next 2 months, plus 10% royalties from VMC for machine sales and chips sales.  So, just use the 5.651 TH/s in 2 months and estimate what the dividends will be with an increase in difficulty.  Use 40,000,000 shares as that is all that gets dividends for the next 11 months.