[AMC]-The Official Active Mining Cooperative Discussion - page 123.

bigdude

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Dolphins Finance TRUSTED FINANCE

Quote from: dhenson on June 07, 2013, 01:14:02 PM

Quote from: bigdude on June 07, 2013, 11:35:50 AM

So just to be clear .... if we buy one of the 20,000,000 shares on Bitfunder ... they are the founding shares entitled to the 100% returns?

Is that correct?

100% if you bought at .0005

So if I go to Bitfunder now, buy shares at say .00065, these are still founder shares correct?

dhenson

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Quote from: bigdude on June 07, 2013, 11:35:50 AM

So just to be clear .... if we buy one of the 20,000,000 shares on Bitfunder ... they are the founding shares entitled to the 100% returns?

Is that correct?

100% if you bought at .0005

Vbs

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Quote from: ChefBorjan on June 07, 2013, 11:06:11 AM

I'm curious to see how the start of mining may shift the shareprice...Vbs from your number crunching whats your opinion?

I expect it to keep rising as more hardware is put to work.

Quote from: bigdude on June 07, 2013, 11:35:50 AM

So just to be clear .... if we buy one of the 20,000,000 shares on Bitfunder ... they are the founding shares entitled to the 100% returns?

Is that correct?

As long as there are 40M issued shares, each share is entitled to 1/40M of the returns.

bigdude

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Dolphins Finance TRUSTED FINANCE

So just to be clear .... if we buy one of the 20,000,000 shares on Bitfunder ... they are the founding shares entitled to the 100% returns?

Is that correct?

ChefBorjan

full member

Activity: 148

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I'm curious to see how the start of mining may shift the shareprice...Vbs from your number crunching whats your opinion?

I hope we don't have any hiccups on the way though. I'm hesitant to invest more than the very modest amount I have already, just because there are a few niggling questions from this thread that I feel still haven't been address as optimally as they could have been... I'm cautiously optimistic though!

kslaughter

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New update on the 3 Avalons:

http://axs.net/AMC/DHL-1.png

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: nebulus on June 07, 2013, 09:48:01 AM

Quote from: kslaughter

When the next 3 Avalons get here the dividend will double. In about 5 weeks we will be adding another 306,000 GH/s. In about 10 weeks we will be adding 5,640,000 GH/s.

5640000 GH/s = 5.64 PETAH/s

Current network hash rate is 117.45 TERAH/s

You are saying you are going to deploy 50x of global power in 10 weeks.

And you were saying you were around when BTC just started...? I'm sorry what?

Sorry, 5,640,000 MH/s

nebulus

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... it only gets better...

Quote from: kslaughter

When the next 3 Avalons get here the dividend will double. In about 5 weeks we will be adding another 306,000 GH/s. In about 10 weeks we will be adding 5,640,000 GH/s.

5640000 GH/s = 5.64 PETAH/s

Current network hash rate is 117.45 TERAH/s

You are saying you are going to deploy 50x of global power in 10 weeks.

And you were saying you were around when BTC just started...? I'm sorry what?

hf

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there will be no fucking vegetables

Shareholders summary

Vbs

hero member

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Quote from: dhenson on June 07, 2013, 12:49:15 AM

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases, and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to AMC)

Recap:
60,000,0000 not receiving dividends until after .0005 has been paid out.
20,000,0000 going to equipment fund
15,000,0000 going to AMC (a.k.a. Ken, until the shares are sold @ .0008 or higher - this is the bit people including myself generally have a problem with. Unsold shares "shouldn't" receive dividends in my opinion.)
5,000,0000 paid out to investors

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005/share or may-2014 if at that time the first condition is met.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases (growth/expansion fund), and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to the growth/expansion fund also).

Any unsold shares from the 40,000,000 are effectively part of the growth/expansion fund.

You can check the spreadsheet I made a while back, all this information is there. https://docs.google.com/spreadsheet/ccc?key=0Ap8MGY67MGwNdE5rRGUtd1hzTE1CVUR3WnZsME02QXc

kslaughter

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Quote from: Grinny on June 07, 2013, 05:33:20 AM

Quote from: dhenson on June 07, 2013, 12:49:15 AM

Quote from: TadpolesIsAWinner on June 06, 2013, 09:49:55 PM

Hey KS,

Just wondering when you'll switch from 100% mining profits going to the shares and 50% going to the shares? (See bold/underline above).

Thanks.

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases, and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to AMC)

Recap:
60,000,0000 not receiving dividends until after .0005 has been paid out.
20,000,0000 going to equipment fund
15,000,0000 going to AMC (a.k.a. Ken, until the shares are sold @ .0008 or higher - this is the bit people including myself generally have a problem with. Unsold shares "shouldn't" receive dividends in my opinion.)
5,000,0000 paid out to investors

3 Avalons = 3*65 GH/S (according to their website) @Current Diff (15605632.6813) = 43.99 BTC per week / 100,000,000 shares = 0,0000004399 BTC in Dividends per share per week
The price for one share is at 0.0006590 BTC - so the ROI per share is 1498 weeks? ^^

Is this right?

Only issued shares receive dividends, that is 40,000,000. So the calculation is ~384,000 GH/s = 6.187484187/Day after power X 7 = 43.312389306 / 40,000,000 = 0.000001083/Share/Week

When the next 3 Avalons get here the dividend will double. In about 5 weeks we will be adding another 306,000 GH/s. In about 10 weeks we will be adding 5,640,000 GH/s.

Plus, 50% of the revenue from the machines goes back into buying more hashing power.

Grinny

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Quote from: dhenson on June 07, 2013, 12:49:15 AM

Quote from: TadpolesIsAWinner on June 06, 2013, 09:49:55 PM

Hey KS,

Just wondering when you'll switch from 100% mining profits going to the shares and 50% going to the shares? (See bold/underline above).

Thanks.

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases, and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to AMC)

Recap:
60,000,0000 not receiving dividends until after .0005 has been paid out.
20,000,0000 going to equipment fund
15,000,0000 going to AMC (a.k.a. Ken, until the shares are sold @ .0008 or higher - this is the bit people including myself generally have a problem with. Unsold shares "shouldn't" receive dividends in my opinion.)
5,000,0000 paid out to investors

3 Avalons = 3*65 GH/S (according to their website) @Current Diff (15605632.6813) = 43.99 BTC per week / 100,000,000 shares = 0,0000004399 BTC in Dividends per share per week
The price for one share is at 0.0006590 BTC - so the ROI per share is 1498 weeks? ^^

Is this right?

Surprise

member

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Merit: 10

As a shareholder with a reasonable stake in this company I agree with the policy to have unsold shares receive dividends. It is my belief that Ken will reinvest those dividends into new equipment purchases. We have already entered into a period of very steep difficulty increases I and don't expect this period to stop until after September or October. Priority #1 should be getting as much hashpower online as soon as possible so that we can grow faster than our competitors during this steep climb. If we don't grow faster than everyone else we'll hold a decreasing share of network hashrate (and therefore revenue) until we fade into irrelevance and bankruptcy. Having the unsold shares receive dividends will make shareholder dividends decrease, but I'd rather we invest in growth so we don't risk the share price going to 0, rather than receive a few dividends that will only pay out <5% of the share price, if that.

drdanishkhan

full member

Activity: 140

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why should the unsold shares receive dividends. And about the future funds. I mean when you need capital you can simply issue new shares then. This is the main problem.. apart of my shares of dividends is going back to ken for no apparent reason and then the dividend gets halved after 1 week which is a major setback..

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: dhenson on June 07, 2013, 12:49:15 AM

Quote from: TadpolesIsAWinner on June 06, 2013, 09:49:55 PM

Hey KS,

Just wondering when you'll switch from 100% mining profits going to the shares and 50% going to the shares? (See bold/underline above).

Thanks.

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases, and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to AMC)

Recap:
60,000,0000 not receiving dividends until after .0005 has been paid out.
20,000,0000 going to equipment fund
15,000,0000 going to AMC (a.k.a. Ken, until the shares are sold @ .0008 or higher - this is the bit people including myself generally have a problem with. Unsold shares "shouldn't" receive dividends in my opinion.)
5,000,0000 paid out to investors

Same here. Unsold shares should not receive dividends.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: TadpolesIsAWinner on June 06, 2013, 09:49:55 PM

Hey KS,

Just wondering when you'll switch from 100% mining profits going to the shares and 50% going to the shares? (See bold/underline above).

Thanks.

There are 100,000,000 shares. Of those shares only 40,000,000 will be paid until the total dividends = .0005.

Of the 40,000,000 shares currently being paid, 20,000,000 go towards new equipment purchases, and 20,000,000 go towards the early adopter IPO shares (of which only 5,000,000 have sold yet, the other 15,000,000 will be paying dividends to AMC)

Recap:
60,000,0000 not receiving dividends until after .0005 has been paid out.
20,000,0000 going to equipment fund
15,000,0000 going to AMC (a.k.a. Ken, until the shares are sold @ .0008 or higher - this is the bit people including myself generally have a problem with. Unsold shares "shouldn't" receive dividends in my opinion.)
5,000,0000 paid out to investors

Thalum

newbie

Activity: 49

Merit: 0

Sounds like it's all progressing well. Good luck with the configuration and please let our faith in you and AMC be well placed!

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Quote from: kslaughter on June 06, 2013, 08:55:37 PM

Quote from: Thalum on June 06, 2013, 08:19:57 PM

Ok, so I've just bought some shares via bitfunder... What happens now? I just... wait?

3 of the Avalons are on the way, should be here on Monday. After they arrive we will configure them and they will start mining. After about a week of mining we will pay out a dividend to all issued shares of 100% of the mining revenue for the week. So as long as you hold your shares you will receive dividends on the mining revenue of these machines. 3 more Avalon's are to be shipped to us in their batch 2. We also have 68 16 chips boards coming ~306,000 GH/s. Also, we have 20,000 Avalon ASIC chips on order giving us ~5.651 TH/s of hashing power. You can use the link below to calculate the revenue from the machines. One other thing is that half of the revenue goes back into buying more hashing power.

http://www.bitcoinx.com/profit/

Hey KS,

Just wondering when you'll switch from 100% mining profits going to the shares and 50% going to the shares? (See bold/underline above).

Thanks.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Thalum on June 06, 2013, 08:19:57 PM

Ok, so I've just bought some shares via bitfunder... What happens now? I just... wait?

3 of the Avalons are on the way, should be here on Monday. After they arrive we will configure them and they will start mining. After about a week of mining we will pay out a dividend to all issued shares of 100% of the mining revenue for the week. So as long as you hold your shares you will receive dividends on the mining revenue of these machines. 3 more Avalon's are to be shipped to us in their batch 2. We also have 68 16 chips boards coming ~306,000 GH/s. Also, we have 20,000 Avalon ASIC chips on order giving us ~5.651 TH/s of hashing power. You can use the link below to calculate the revenue from the machines. One other thing is that half of the revenue goes back into buying more hashing power.

http://www.bitcoinx.com/profit/

Thalum

newbie

Activity: 49

Merit: 0

Ok, so I've just bought some shares via bitfunder... What happens now? I just... wait?

Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 123. (Read 223316 times)