Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 124. (Read 223316 times)

Some guy on the street asked me if I wanted an eye test this morning. I guess I should have took him up on the offer.

I was thinking it would have took a couple of weeks to arrive there. Excellent news!

Less than a day it seems, as the tracking shows it already released from Customs in Cincinnati, OH (step 7).

How long do things normally take to ship from Hong Kong to the US?

Moar grate nooz!   

Have you got our multiple redundant stratum proxies running, tested, and ready?

Very close now!

As soon as they get here and we can get them configured.

So, where are the Avalons shipping from and how long will it be now before they're online.

that sucked...

Just read the ASICMiner Quarterly Report (Investor’s Take) & Updates      https://bitcointalk.org/index.php?topic=220837.0;topicseen
Just posting the below extract, as AMC got a mention, and always good to know what the competition thinks.
--------------------------

Upcoming Competition

With other startups like:
•   BitFury & 100 TH/s
•   BTC Garden
•   AMC
•   DIY Manufacturers/Kits (w/ Avalon chips)
•   Others not mentioned

ASICMiner is in the prime position as industry leader and can remain in first place, so long as friedcat and the other board members take the necessary, calculated steps to keep it that way. While these startups still appear to be very unproven (and everyone has their own opinions about them), some have started to make noticeable steps (Bitfury’s 65nm).

Hardware Sales

With Avalon and BFL coming soonTM, investors are starting to wonder if prices will start dropping on current hardware. Bitfountain must now consider (as I’m sure they are) what is the appropriate price point to maximize both profit margin and sales volume. DIY kits will start making their way to folks, providing cheaper alternatives for the mining community.

Looking Forward

Friedcat has already mentioned of 2nd generation chip, which appears to have a higher hash rate with lower power consumption. Their implementation into the next generation Block Eruptor Blades and USB will help secure the ASICMiner’s advantage as the ASIC generation matures. As to when it moves from prototype phase to production phase, is anyone’s guess. Until someone else can provide a more compelling product, ASICMiner appears to be “head and shoulders above” the other mining companies.

Oh. I understand your concerns now. Thanks for alerting us all to this. Its certainly something to seriously consider.
While the above gets sorted out by the righteous few, can you keep us posted in your pursuit for the anonymous Ken Slaughter, please? Im really not comfortable giving my money to those anonymous Ken Slaughter types, so thanks for your help. Much obliged.

boring...zzzz

More than happy to.   As soon as I ask you for $2M.  Have I asked you for $2M?   No.  Would I ask a bunch of strangers for $2M to finance my business? No.   I would risk my own money and then offer you something that may or may not be of value to you.  Would I consider raising money by crowdfunding if it was NOT against US law?   Certainly.    That will be great for start ups (but I doubt the bill will pass because Angels and VCs have more lobbyists than you and me).   
You do not get it do you?   Until the bill passes making crowdfunding LEGAL, this is not a good thing for Americans to do.   Your risk is NOT just that this may be a scam or may not succeed or the market may change, with an American based company you are ADDING the complete unknown (and outside of everyone's control) of the US government shutting it down.
Why do I not like this project?   1.  Because it breaks the law (whether you like the law or not is irrelevant).
2.  Because it is easy to prosecute if authorities want to (which is BAD for bitcoin).  3.  Because I personally have seen this scam play out so many times here, and I am not sure that Ken Slaughter is not the same person that did this before.
It is as simple as that.

Thats some agenda you are choosing to involve yourself with Minor. Good luck with that deluded pursuit.

Why are you still here?

Minor. Please post your business addresses. Where are you based?

Many others are scams too.   it is specific to AMC because he is claiming to be a person named Ken Slaughter from MO.   He is doing this on an open internet form that is monitored (fact) by the FBI while he is openly breaking the law.   Do you really think he is that stupid?   People using bitfunder as a crowdsourcing vehicle that are NOT americans do not have as much to worry about.  It is beyond reason to think that ANY sane american would post their name and testify to a crime they are committing on a PUBLIC forum that the FBI has already declared they are monitoring.   This defies reason more than his claim that ANYONE is allowing him to develop a 45 and 28nm product, let alone a US based company that he has made claims about.   They have vetting departments full of lawyers and he would not even get through the door after they found out how he is "financing" the 2-4MM that it costs to develop a 28nm product.   My main interest in this "business" is trying to figure out who "slaughter" really is and what his name was when he ran this scam the last time.

How is this a specific issue to AMC?

Is AMC the only venture doing this?

What about all the rest that don't even have any legal terms?

If they did that, besides the fact that they would make bitcoin value probably double, there are many many more assets legally easier to go after first.

What would you call someone paying 10x market price for a product they will not have actual control of?

Again.  Look up how 'AmazingRando' built himself about 2% of the total network hashpower and then stiffed all his 'investors'.  Or review how GigaVPS fleeced his investors.

In principle, a mining company that reinvests to maintain market share is a good idea.  But that reinvestment flow should not be done using voting shares controlled by the issuer.

And continuous new share issuance to fund Ken's elves and unicorn plan is just going to dilute all you earnest early investors to nothing.  Well, to the extent that you aren't already diluted by Ken's free shares, and gift of rights to his holding company.

Am I missing something? Good tangible news has come out, and so far all of AMC's promises look to be coming to fruition. Why on earth would you continue to bash AMC about endeavors that are further down the road and into the future?

We (the investors) realize the risk, so stop acting as if we don't. If you're asking these questions as a potential investor, then so be it. But I am failing to grasp how you can argue against the validity of a future promise, when current promises are being fulfilled.

Because you guys keep showing up every time an inkling of good news is released, this feels like you are invested in another security (or just mining) and are getting perturbed by the turn of good news that AMC has been having as of late.

If we are "rubes", then treat us as such. We would not like to nor would we want to understand whatever the point may be that you're both trying to get across. Therefore keep your conversations strictly to PMs because you're obviously falling on deaf ears.

Bahhh.

Vbs;
I suggest you read the unclassified report by the FBI about bitcoin that was posted by wired.   Read it carefully.   They cite monitoring the board, they cite Roman posting about his 25,000 bitcoins being hacked and stolen.   There is little doubt they are monitoring the board.   How long do you think they are going to allow a "honest to goodness real USA company" to run an illegal IPO in a space that they seem to take interest in?   If Ken Slaughter is a real person with a real company, they are going to shut him down and your money will be gone.   "Ken Slaughter" knows he is breaking the law and he knows about the FBI document (everyone does), you really think this he is really an honest american business man that would risk going to jail to do this?
If it is a scam, you lose your money.   If it is not a scam, and he gets arrested, you lose your money.   I do not see the upside.   If you can offer the other side to this argument, I would love to hear it. 

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