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Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 114. (Read 223316 times)

sr. member
Activity: 294
Merit: 250
People funded their BitFunder accounts to buy ASICMINER. There will soon be a correction, and in my opinion people will be looking elsewhere to put their money instead of sending it back to their BTC wallets. Once BFL, AMC, and the likes start taking off, there will be no way for ASICMINER to sustain their returns.

The returns will decrease only because of difficulty increase right? But wouldn't ASICMINER still have the highest returns for the foreseeable future?

The difficulty increase is going to be from other firms making hardware (more choices to buy from), therefore reduced price of hardware. Which means less money to reinvest in new equipment. They have a monopoly at the moment, it won't last forever.
newbie
Activity: 49
Merit: 0
With AMC issuing 40mil shares, is there any way that it'll ever see the kinds of dividends that ASICminer is putting out just now? I mean, there would need to be a ton of mining going on, right?
full member
Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
People funded their BitFunder accounts to buy ASICMINER. There will soon be a correction, and in my opinion people will be looking elsewhere to put their money instead of sending it back to their BTC wallets. Once BFL, AMC, and the likes start taking off, there will be no way for ASICMINER to sustain their returns.

The returns will decrease only because of difficulty increase right? But wouldn't ASICMINER still have the highest returns for the foreseeable future?
sr. member
Activity: 294
Merit: 250
People funded their BitFunder accounts to buy ASICMINER. There will soon be a correction, and in my opinion people will be looking elsewhere to put their money instead of sending it back to their BTC wallets. Once BFL, AMC, and the likes start taking off, there will be no way for ASICMINER to sustain their returns.
sr. member
Activity: 476
Merit: 250
Thanks, I am pretty good too, but a little rusty.
hero member
Activity: 896
Merit: 500
Dolphins Finance TRUSTED FINANCE
AMC Accounting For May.



I think the Credit/Debit columns are reversed.

No, they are correct.

Asset Account - Debits increase / Credits decrease
Liability Account - Debits decrease / Credits increase

Revenue Account - Debits decrease, / Credits increase
Expense Account - Debits increase / Credits decrease

(accountant checking in Smiley )
sr. member
Activity: 476
Merit: 250
AMC Accounting For May.



I think the Credit/Debit columns are reversed.

My accounting is a little rusty, won't be that way for long, but I think in the assets in accounting the debits increase the account if I remember correctly.
sr. member
Activity: 294
Merit: 250
sr. member
Activity: 476
Merit: 250
legendary
Activity: 1554
Merit: 1000
Ken.
Has https://btct.co been a consideration?
newbie
Activity: 27
Merit: 0
AMC Accounting For May.

I'm loving the transparency Ken!  Keep it up!
sr. member
Activity: 476
Merit: 250
AMC Accounting For May.

legendary
Activity: 1554
Merit: 1000
Any idea on when the next 3 avalons will be coming in?

All 6 were ordered on Feb 18, albeit in two separate batches.  The next 3 Avalons should be shipping soon, no?

If the sequential numbers of the orders are to be believed/followed, then i estimate within the next 2 days. But hey, there are zero guarantees in mining deliveries, right?! Shocked
newbie
Activity: 14
Merit: 0
You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?

No, but these are all issued shares.
Vbs
hero member
Activity: 504
Merit: 500
You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?

No

20mil = reinvestment fund
5mil = sold shares
15mil = unsold shares (unsold share profits go to AMC)

The last 15M are also counted as part of the reinvestment fund until issued (sold). At this moment, we have 40M authorized, 25M issued (5M issued to shareholders and 20M "issued" to the Growth/Expansion Fund) and 15M unissued.
Quote
Dividends paid on unissued shares after the early-adopter phase will be retained by AMC and added to AMC's growth and expansion fund above until the shares are issued.
sr. member
Activity: 283
Merit: 250
Excellent, Thank you Ken.
full member
Activity: 238
Merit: 100
Received my dividend today, around 0.05btc Grin
newbie
Activity: 27
Merit: 0
Any idea on when the next 3 avalons will be coming in?

All 6 were ordered on Feb 18, albeit in two separate batches.  The next 3 Avalons should be shipping soon, no?
legendary
Activity: 994
Merit: 1000
You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?

No

20mil = reinvestment fund
5mil = sold shares
15mil = unsold shares (unsold share profits go to AMC)
legendary
Activity: 1022
Merit: 1000
You are paying 40Million shares for dividend, are all these 40 Million shares sold already by investors?
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