Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 153. (Read 223316 times)

Not at the present time, maybe later.

HI, is there IP more IPO shares at .0005btc or are they sold?

VMC Signs NDA with Major Semiconductor Company

San Jose, Ca – May 17, 2013 – VMC has concluded a meeting with a Major Semiconductor Company. After signing a mutual NDA the semiconductor company agreed to perform a feasibility study after receiving AMC RTL code. VMC's will be producing 45nm and 28nm chips for its Fast-Hash series of Bitcoin Mining Machines. AMC is a hybrid mining and development cooperative and a business unit of VMC.

AMC is traded here: https://bitfunder.com/asset/AMC

SPRINGFIELD, MO, – May 14, 2013 – AMC has announced today that it has entered into an agreement with its parent company VMC. VMC will be providing credit to AMC so that AMC will be able to purchase its first batch of 100 Pre-Ordered machines. AMC will only have to provide VMC with a 10% deposit before the machines are shipped, AMC will pay VMC a 10% APR rate on its outstanding balance. VMC will use its Best Effort to provide the machines to AMC. AMC still has its first rights on machines it has the ability to fund. AMC will also provide machines to its Investors which have qualified under its Premier Investors Program. AMC estimates this will increase it hash rate to over 8,384,000 MH/s and its daily revenue to over $43,927.23 or $3,752,264.73 per year at the current difficulty. AMC is a hybrid mining and development cooperative and a business unit of VMC.

New Chips Coming For AMC Machines Will Revolutionize The Bitcoin Mining Market

SPRINGFIELD, MO, – May 9, 2013 – Virtual Mining Corporation (VMC) on behalf of AMC has announced today that they are in serious negotiations with a Major Semiconductor Company to produce 45nm and/or 28nm Bitcoin mining chips using AMC developed technology. Should these negotiations be successful, these chips will revolutionize the Bitcoin mining market. More to come at a latter time. AMC is a hybrid mining and development cooperative and a business unit of VMC.

Yes, Thanks for finding that.  Should be 160,000 MH/s

Isn't there an error here? Two Fash-Hash-80 are 160 Gh/s, not 160000 Gh/s.
Same error in the next number: your total will be 544 Gh/s, not 544000 Gh/s. Right?

Well each will get 50% of the revenue, that is the way it is setup for the first 12 months from the date of the IPO.  20 Million shares are reserved for the growth and expansion fund, so for the next 12 months that would be 50% of the revenue less expenses (max 10%), then that will drop to 20% of the revenue less expenses (max 10%) after the first 12 months.  The other 50% of revenue will be paid out as dividends to the investors each week for the next 12 months like above.  See our offering for full details: https://bitfunder.com/asset/AMC

Did I get it right, that the 40 Mio shares (well 20 Mio this, 20 Mio that) will get 50% of the revenue as dividends? The other 50% being invested in mining equipment / shares of other mining ops?

Yes, thanks

Thanks for the reply, i will find some more questions soon!

You may want to change this portion of text...


Typo? Should it be 2014?

Shas

Very well-answered.

It is a little more complicated than that, so you should check out the description above or at https://bitfunder.com/asset/AMC.

The short answer is for the 12 months following the IPO 50% of revenue less expenses (max 10%) will be reinvested in more hashing power.  The time schedule is
ASAP.  Also the IPO funds are being used to purchase more hashing power along with R & D.

The plan is for AMC to build a large Bitcoin Mining Farm, starting with the 6 Avalons which are on order, having VMC build machines for AMC.

• Using Avalon chips and technology in the short term.
• Developing AMC's own technology using 45nm chips.
• Taking the 45nm chip technology and moving it to 28nm in a 12-13 month time frame.

Using all this technology to build AMC's Bitcoin Mining Farm bigger and better than anyone else.

Have you talked to Ukto on IRC?  You can use the web interface on bitfunder.com under the help menu.  Ukto is the operator on weexchange and should be able to help you.

Good Questions!

We have never said that we can produce a 45nm chip by the end of this month.  What we have said is that we are working with a Major Semiconductor company that can produce the 45nm chips in a 5-10 week time frame after we deliver RTL to them.

1.  Yes, all 6 Avalons which are on order have been confirmed and paid for.  See our images of the order confirmations here: https://bitfunder.com/asset/AMC
     The only news from Avalon was on May 1.  See this thread for more information. https://bitcointalksearch.org/topic/m.1746355
     The first 6 machines will be in my current location, which has enough power and air conditioning for the 6 Avalons.  Security at this location is excellent.  At the current time we
     are looking for a location for the other machines.  I have an excellent location in mind, which has it own power and air conditioning.                

2. We already have Bitcoin Mining RTL synthesis, and should we convince the Major Semiconductor Company to work with us, then we will port the software.  It the short term
    we are using Avalon 110nm chips.

3.  It doesn't need to be completely subscribed, but would be better if it was.  We are putting 50% of the revenue from the 6 Avalons machines back into AMC to purchase more Bitcoin
     Mining Machines.  Also the dividends from the unsubscribed shares will go back into AMC.

How many shares will be retained by AMC, and of the retained earnings from those shares, what percent will be reinvested in hashing power and on what time schedule?

Will the funds from the IPO of AMC be used to fund VMC via pre-order, or will the payment be made at the point of delivery?

Have you considered trading at BTCT? Once I see more progress on this, I might be tempted to put some money in, but for the life of me, I haven't been able to get an account with that WeExchange thing so I'm out from Bitfunder until they change that.

.b

Sorry if this has already been covered.

It just seems highly optimistic to produce a 45nm die chips by the end of this month. I have no expertise in this area i am just reflecting on the difficulties that BFL had when trying to produce the 68nm die chips. Would be grateful if someone with more technical knowledge could discuss this.

Also a few other points that i would like to ask:

1, Has there been confirmation for all of the Avalon Batch 2 machines? Has there been any news of them shipping this specific order (I know they're ramping up their production line when they receive the hardware to do so). Once these machines arrive where will they be situated, what physical considerations in terms of security have been considered? Where will the rest of AMC's machines be situated?

2, Has design of the 45nm die chips already started or does its start depend on the IPO being a success?

3, What happens if the IPO is not completely fulfilled?

I appreciate the time taken in replying,
Shas

VMC is funded through private capital and sales.  VMC will be doing Pre-Order in the future and will have its own IPO.
Right now we are putting all of the technology together to provide machines to AMC.