Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 140. (Read 223316 times)

What's the PPLNS reward per share? I had a look at the site but couldn't find that info.

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.

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.

Well I've done a little digging:

https://bitcointalksearch.org/topic/avalon-i-got-my-asic-thread-batch-2-146451

It looks like the Batch 2 orders made on Feb 10th 2013 started arriving yesterday.

Looking at http://www.axs.net/AMC/Avalon-Orders.png. AMC's order was placed on Feb 18th 2013

Seems AMC is getting close the receiving them.

Of the 100% of shares.

20% are held by AMC for growth/reinvestment (a horrible way to do things but sadly common - shares should represent ownership not be a crude way to determine the percentage of profits dividended),
40% are potentially for sale to the public - with unsold ones the same as the first 20%
The other 40% would be the founder's own shares.

There's thus three ways to look at it:

If you look at divdends then the founder receives 40% of all dividends regardless of how many shares are sold.
If you look at distributed profits (i.e. the dividends that end up NOT going back to AMC) then before any shares were sold he received 100% (obviously) and when all 40% public ones are sold he receives 50%.
If you look at actual ownership then he owns 100% initially falling to 60% if all public shares are sold.

Right now if any profits were made he'd be entitled to the vast majority of that portion of them that was destined to end anywhere other than in AMC itself - as his personal 40% outweigh the portion actually sold.

How well the shares do depend mainly on how profits are calculated - which is where you have to hope he's generous as that largely depends on how VMC decides to define its cost price that it charges to AMC.  And of course VMC isn't responsible to investors so doesn't have to make any disclosure in respect of that.

Bottomline is that he DOES own more than 60% - dropping to exactly 60% if/when all 40% of public shares are sold.  Reason for that is the ownership the shares owned by AMC.  Those are owned by whoever owns AMC.  Shareholders do NOT own AMC (that's explicit in the contract) so do not any part of those shares.  In practical terms, assuming good faith, the actual effective owned percentage of profits is 50% if all public shares are sold.

Oh come on, stop with this nonsense. If you don't like it don't buy it!

I agree with making things more transparent, I want to see Ken's full name, address, etc but this is the Bitcoin world, things are risky and he is doing nothing different from what Asicminer did.

And I have a feeling you want to see the bond price go down so you can buy some at .0005.

So assuming AMC purchases all happen on schedule.  What total % of the 3660 daily coins should we be factoring into the per share dividend calculation?  I realize we can't know what the total hash rate of the network is.  But similarly to the Asicminer evaluations estimating 30% percent perpetually, what percent are we thinking AMC will hold?

Would it be crazy to assume 10%?  At 10%, that would be 133590 btc/year or .00333975 per share (only the first 40,000,000 receive dividends until .0005 is paid, I believe).  If you pattern the share valuation after Asicminer (where dividends are paying roughly 50% of the stock price annually) then @ 10%, AMC shares would be worth roughly .0066795 each.  (roughly 8 times more than there current price on BitFunder)

This is an honest question, not an attempt to pump the stock price.  I'm seriously considering a purchase and want to make sure I'm thinking clearly.

So assuming AMC purchases all happen on schedule.  What total % of the 3660 daily coins should we be factoring into the per share dividend calculation?  I realize we can't know what the total hash rate of the network is.  But similarly to the Asicminer evaluations estimating 30% percent perpetually, what percent are we thinking AMC will hold?

Would it be crazy to assume 10%?  At 10%, that would be 133590 btc/year or .00333975 per share (only the first 40,000,000 receive dividends until .0005 is paid, I believe).  If you pattern the share valuation after Asicminer (where dividends are paying roughly 50% of the stock price annually) then @ 10%, AMC shares would be worth roughly .0066795 each.  (roughly 8 times more than there current price on BitFunder)

This is an honest question, not an attempt to pump the stock price.  I'm seriously considering a purchase and want to make sure I'm thinking clearly.

I do not know who this person is.   I do know that in a typical pump and dump you make the market this way:
Buy up a lot of shares at almost nothing (or just issue them if you create new company).
Start hyping with vague promises of huge finds (this is why mining/oil/diamonds are great for these people).
Find greedy people that will ignore warnings because they want to get rich easy.
Push the market higher on a THINLY traded stock by making it appear heavily traded.....

How do you do that?   Well, you have tons of shares to sell right?   And, you have plenty of money from the first suckers that came in right?
So, how much does it cost you to buy shares at 0.00079999 and then also buy them back at 0.0008?
1 satoshi.   How many times can you do this per each sucker that bought ONE share?  10,000 shares per share purchased and more if any fools actually step in and start buying (and help you with the PUMP).

An NDA does NOT prevent revealing who you are talking to.  It prevents both parties from giving away secrets that they may learn during the quoting process.

Just a couple things to think about.

I believe ASICMiner is based out of China, is it not? I still believe that US based companies that go public need to follow SEC guidelines.

In order for BitCoin to go mainstream, it needs to have more professionalism and less fly-by-night operations.

The Feds have been cracking down on Bitcoin exchanges, so I believe you're taking a big risk by investing in a public, US based mining company if they aren't following the rules.

I believe ASICMiner is based out of China, is it not? I still believe that US based companies that go public need to follow SEC guidelines.

In order for BitCoin to go mainstream, it needs to have more professionalism and less fly-by-night operations.

The Feds have been cracking down on Bitcoin exchanges, so I believe you're taking a big risk by investing in a public, US based mining company if they aren't following the rules.

Something completely unrelated: Who is the guy buying batches of 50,000 shares at 0.000799999? I appreciate that someone is supporting the current price level but what's in it for him/her?

Oh come on, stop with this nonsense. If you don't like it don't buy it!

I agree with making things more transparent, I want to see Ken's full name, address, etc but this is the Bitcoin world, things are risky and he is doing nothing different from what Asicminer did.

And I have a feeling you want to see the bond price go down so you can buy some at .0005.