Loving your work Vbs. You are now default shareholder accountant! 
I just saw a pattern of issues popping out over and over again, so I decided to run the numbers. Hope it helps everyone to decide for themselves.
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 139. (Read 223316 times)
I just saw a pattern of issues popping out over and over again, so I decided to run the numbers. Hope it helps everyone to decide for themselves.
Illegal? You are assuming that those laws / regulations apply to a virtual exchange on a virtual stock?
Serious question.
The SEC regulations apply to every offering that solicits in ANY US state. Seriously? You did not know that?Serious question.
The virtual exchange is illegal (I expect they will shut it down in years to come (the SEC is slow)), the offerings are obviously illegal and will be likely illegal even if the "crowdfunding" parts of the jobs act ever passes (not much chance of that happening right now).
I thought everyone knew this?
I did today some quick math on the investment return, might as well share it with everyone.
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable
) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).
Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable
) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
Loving your work Vbs. You are now default shareholder accountant!
I did today some quick math on the investment return, might as well share it with everyone.
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).
Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable
) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).
ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.
I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!
Nothing about your investment ?? Isnt this on the tracks of BFL now.. taking money and giving out promises of delivery "soon" with no 'real' estimation of how much you will be earnings..
Plus why cant you answer the most basic questions whats your stake in the company.. it would be cheating if you invest nothing and give out shares for BTC and utilize those BTC to buy Avalons and keep majority of the shares with yourself and get paid the dividents.. zero risk absolute profit..
Answere these simple questions to earn credibility.. You are currently not delivering anything atleast make yourself trustworthy..
Plus why cant you answer the most basic questions whats your stake in the company.. it would be cheating if you invest nothing and give out shares for BTC and utilize those BTC to buy Avalons and keep majority of the shares with yourself and get paid the dividents.. zero risk absolute profit..
Answere these simple questions to earn credibility.. You are currently not delivering anything atleast make yourself trustworthy..
I'm still curious about these answers
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
I don't own over 40% of the shares much less over 60%.
If the shares rallied, I don't know what we would do.
This isnt the answer i was hoping for.. Explain your current share holding position please
Second what share of investment have the founders put in??
I am sorry that it wasn't the answer you was looking for, read our description on Bitfunder it contains all of the above information.
I'm still curious about these answers
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
I don't own over 40% of the shares much less over 60%.
If the shares rallied, I don't know what we would do.
This isnt the answer i was hoping for.. Explain your current share holding position please
Second what share of investment have the founders put in??
I'm still curious about these answers
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
I don't own over 40% of the shares much less over 60%.
If the shares rallied, I don't know what we would do.
This is great news. However I have few questions about what funds are needed for the design/manufacturing of chips.
Thanks again. Nothing has come to fruition yet, so I look forward to the day when AMC becomes legitimate.
- Most, if not all of the revenue of share sales seems to be going towards chip purchases. Could you enlighten us as to what your plans are for converting from a solely "outside chip purchase" revenue based system to a design/manufacturer/sales revenue based one?
- What kind of capital is needed on the production side? Is it fully funded? Are future share sales going to pay for that?
- Was the chip/avalon buying solely to get your feet wet and into the game before the chip manufacturing took off
- If everything goes to plan, what are your plans after every share has received a total dividend value of at least .0005?
Thanks again. Nothing has come to fruition yet, so I look forward to the day when AMC becomes legitimate.
I'm still curious about these answers
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
*What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares?
*What would happen if the price would rally ? Would you stop selling shares ?
AMC Is Again Increasing Its Hash Power To 5.651 TH/s and Its Revenue To $8,681,347/Year
SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
Illegal? You are assuming that those laws / regulations apply to a virtual exchange on a virtual stock?
Serious question.
Serious question.
Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
Some might call it pumping, others might call it a pre-announced share buy-back. But to save everyone some back and forth, read this: https://bitcointalksearch.org/topic/m.2307404In short: this was not unexpected.
Yes, I know the offering is illegal so the point may be lost on you BUT, you do know it is AGAINST the law for any broker listing on a prospectus or for the issuing company's treasury to buy back primary or secondary offering shares at ANY price above the issue price?
Most flippers will want your head now, since without the large 0.00079999 wall there's no guaranteed maximum flipping profit!
Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
Some might call it pumping, others might call it a pre-announced share buy-back. But to save everyone some back and forth, read this: https://bitcointalksearch.org/topic/m.2307404In short: this was not unexpected.
Yes, I know the offering is illegal so the point may be lost on you BUT, you do know it is AGAINST the law for any broker listing on a prospectus or for the issuing company's treasury to buy back primary or secondary offering shares at ANY price above the issue price?
Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
Some might call it pumping, others might call it a pre-announced share buy-back. But to save everyone some back and forth, read this: https://bitcointalksearch.org/topic/m.2307404In short: this was not unexpected.
Yes, I know the offering is illegal so the point may be lost on you BUT, you do know it is AGAINST the law for any broker listing on a prospectus or for the issuing company's treasury to buy back primary or secondary offering shares at ANY price above the issue price?
Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
Some might call it pumping, others might call it a pre-announced share buy-back. But to save everyone some back and forth, read this: https://bitcointalksearch.org/topic/m.2307404In short: this was not unexpected.
Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
The Avalons from batch 2 are rated at 65GH/s (minimum) and 595W of power consumption. So, six with 390GH/s@3570W yield at current difficulty 113BTC per week less ~0.27BTC for power expenses (assuming $0.06/kWh).
These values can be easily checked at http://dustcoin.com/mining
These values can be easily checked at http://dustcoin.com/mining
Someone correct me if I'm wrong
Current Difficulty: 12153411.7098
Hash rate = 60,000*6 = 360,000
BTC14.90 per day
BTC104.28 per week
BTC452.85 per month
Number of AMC shares receiving dividends: 40 million
Dividends would most likely be payed weekly. Therefore the formula to use would be:
[# of shares owned] * (BTC104.28 - [cost of electricity]) / 40,000,000
Current Difficulty: 12153411.7098
Hash rate = 60,000*6 = 360,000
BTC14.90 per day
BTC104.28 per week
BTC452.85 per month
Number of AMC shares receiving dividends: 40 million
Dividends would most likely be payed weekly. Therefore the formula to use would be:
[# of shares owned] * (BTC104.28 - [cost of electricity]) / 40,000,000
Yes, that would be close. Of course [# of shares owned] * (BTC104.28 - [cost of electricity]) / 40,000,000 will go back into
to buying more mining equipment.
I'll vote for putting them up on BitMinter when they arrive: 1% fee, merged mining (BTC+NMC) and block transaction fees sharing.
Edit: And Live Stats can be seen at https://bitminter.com/livestats/big for everyone to confirm the hashrate.
Edit: And Live Stats can be seen at https://bitminter.com/livestats/big for everyone to confirm the hashrate.
What's the PPLNS reward per share? I had a look at the site but couldn't find that info.
PPLNS doesn't use a specific reward per share, you receive a % of the block reward based on your submitted share # during a time period (shift) vs total # submitted to the pool.
For 24/7 mining, the reward scheme is irrelevant (some have more variance in payouts than others, not really relevant for 24/7).
I'd say what is really relevant, roughly by order of importance: (1) pool uptime, (2) pool connection reliability+low ping, (3) pool fee+merged mining opportunity and (4) pool block tx fees sharing.
Yeah, for some reason, I was confusing it with PPS.
Jump to: