Who is Virtual Mining Corporation (VMC) a Delaware Corporation and Active Mining Cooperative (AMC)
and what do we do?
Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative
and is made up of a team of dedicated Bitcoin mining professionals with
over 30 years of combined experience in the ISP Business including Internet Access and Web Hosting,
Graphics Design, Cloud Development, Computer Programming in Multiple Languages, FPGA Hardware And
Software Design, Complete Systems Design, Web Design, and System Administration.
The team has been involved with Bitcoins since 2009. AMC has purchased and will operate Application
Specific Integrated Circuit (ASIC) Bitcoin mining machines and is developing an ASIC chip and PCB
that it will license to VMC for use in their Fast-Hash series of Bitcoin Mining Machines. AMC is
developing ASIC chips on the 45nm and soon the 28nm process. AMC's ASIC 45nm chips will have fast
speeds of 6 to 9 GH/s with low power usage. The 28nm chips are estimated to have speeds of 9 to 15
GH/s per chip which will be in VMC's Fast-Hash-XXT series of machines which will have even more speed
and even lower power usage. VMC may purchase ASIC chips from different vendors if available.
AMC is using the most innovative technology available to develop their chips on the 45nm process and soon
the 28nm process. Investors in AMC will receive the benefits of having dividends paid out as
soon as AMC starts mining with it's purchased Avalon's and/or purchasing of G.AsicMiner-PT shares.
Investors in AMC will see big benefits when AMC develops it's own ASIC chip and VMC creates its Fast-Hash
series of Bitcoin mining machines. AMC will receive license fees in the form of Bitcoin mining machines
at cost and royalties from VMC for it's technology.
VMC is in talks with a Major Semiconductor Company which can deliver prototype/Low Volume chips to VMC in
a 5-10 week time frame after the RTL code for the ASIC chip is ported to their chip and the timing on the
chip has been closed.
VMC will provide the Bitcoin Mining Equipment below ("Mining Equipment") to AMC at VMC's manufacturing
cost for the use of AMC's developed technology for the equipment below as a licensed fee for
VMC to use all of AMC's developed technology. VMC will also pay AMC a 10% royalty on all other sales
using AMC's developed technology.
Web Site:
www.virtualminingcorp.comFacebook:
https://www.facebook.com/pages/Fast-Hash/319110168218206Twitter: @VirtualMiningCo
Phone: 1+(855) ONE-BITCOIN (663-2482)
*** Business Experience:
Slaughter Vending and Amusement, Pegasus Business Systems, Advanced Learning Systems, Advanced Software
Solutions, Active Internet Communications - ISP Business axs(tm).net which produced over 2.5 Million
in revenue and over 10,000 customers in 49 states, Canada, and Puerto Rico with over 10 employees.
Turn-key Web Hosting Business running on Amazon.com, Bitcoin mining since 2009.
*** Software packages developed:
Internet Cruiser(tm) web browser, Virtual 3D Environments, Individual Profile System(tm) (IPS), Neural
Network, Anonymous Bitcoin Exchange software, Automobile Collision Repair System(tm) (ACRS)
*** Cloud Development:
Web Hosting Business: shopping-cart-now.com running on Amazon.com
*** Web Sites Developed With Graphics:
TahoeUltimateRentals.com, shopping-cart-now.com, votecliffyoung.com, and votecliffyoung.com plus many
more over the years.
*** ASIC Development:
AMC has Synthesized it's Bitcoin Mining source code to create RTL for the xc6xlt150 FPGA. This code is in
the process of being ported to a Major Semiconductor Company's ASIC chip. The Semiconductor Company will
then close timing on the design for the ASIC chip. After timing closure, Prototype and Low Volume
production of the ASIC chips will begin.
After production begins, the ASIC chips can be delivered to VMC in a 5-10 week time frame. VMC will-at
the same time-start the high production process for 28nm chip with an estimated maximum time of 12
months. VMC will use the 45nm Low Volume production process for VMC products until the 28nm high
production process is ready. VMC has also received licenses on Printed Circuit Board (PCB) designs for
xc6xlt150 FPGA Boards. The ASIC chip will be developed as a drop in replacement for the FPGA chips on
these boards. AMC may purchase Bitcoin Mining Chips or PCB from other vendors if available.
*** Bitcoin Network:
With AMC adding hashing power over the next 24 months, AMC does not expect to have over
50% of the hashing power at any one time on the Bitcoin network. If AMC excedes 45% of
the hashing power on the Bitcoin Network, AMC will not add anymore hashing power until
AMC is below 40% of the hashing power on the Bitcoin Network. Also other Bitcoin
manufacturing companies and miners like Avalon, BFL, ASICminer, and our own VMC will
be selling Bitcoin Mining Machines to the public or will be using their own ASIC's to
mine for Bitcoins.
=============================================================================================================
AMC operates ASIC Bitcoin mining equipment which results in mining Bitcoins for income.
Bitcoin ASIC Mining Equipment Purchased:
6 Avalon Batch 2 @ 64 GH/s each for a total of:
384 GH/s (Batch 2 started shipping April 15, 2013) (Purchased and Confirmed)
See Images For Avalon confirmations.
Units to be provided to AMC by VMC at manufacturers cost:
The following will be ordered from VMC if funds are available and the units are developed.
AMC will have the first right of refusal on the below units developed by VMC and any future
developed units. Additional units will be provided at lowest retail value minus the 10%
royalty fee.
100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s
Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit
Estimated retail value @ ~$6,000 each for a total of $600,000
(Estimated to be delivered August 2013)
100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s
Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit
Estimated retail value @ ~$6,000 each for a total of $600,000
(Estimated to be delivered October 2013)
100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s
Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit
Estimated retail value @ ~$6,000 each for a total of $600,000
(Estimated to be delivered December 2013)
100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s
Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit
Estimated retail value @ ~$6,000 each for a total of $600,000
(Estimated to be delivered February 2013)
100 Fast-Hash-400's** @ 400 GH/s each for a total of: 40 TH/s
Specifications: 45nm 6 GH/s chip 75 chips per board 1 board per unit
Estimated retail value @ ~$30,000 each for a total of $3,000,000
(Estimated to be delivered March 2014)
100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s
Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit
Estimated retail value @ ~$60,000 each for a total of $6,000,000
(Estimated to be delivered May 2013)
100 Fast-Hash-1.2T's** @ 1.2 TH/s each for a total of: 120 TH/s
Specifications: 28nm 9 GH/s chip 75 chips per board 1 board per unit
Estimated retail value @ ~$100,000 each for a total of $10,000,000
(Estimated to be delivered July 2014)
100 Fast-Hash-2.4T's** @ 2.4 TH/s each for a total of: 240 TH/s
Specifications: 28nm 9 GH/s chip 75 chips per board 2 board per unit
Estimated retail value @ ~$200,000 each for a total of $20,000,000
(Estimated to be delivered September 2014)
100 Fast-Hash-4.8T's** @ 4.8 TH/s each for a total of: 480 TH/s
Specifications: 28nm 9 GH/s chip 75 chips per board 4 board per unit
Estimated retail value @ ~$400,000 each for a total of $40,000,000
(Estimated to be delivered December 2014)
We will also be buying shares of G.AsicMiner-PT on Bitfunder as they become reasonably priced to
provide dividend income to AMC share holders. These shares will be sold as AMC needs capital for it's
ASIC development and to purchase Bitcoin Mining Equipment.
We currently own 0 shares of G.AsicMiner-PT as of the Initial Public Offering date. Check the reports
on bitfunder.com for the current mining companies and number of shares owned.
* Different quantities or other Bitcoin Mining Machines may be provided if the above are not
available, developed, specification changes, or the market changes. All specifications and delivery
dates are subject to change.
** Fast-Hash-XXX is a trademark of VMC developed Bitcoin Mining Machines. AMC will receive the
above machines at manufacturers cost. AMC will also receive a 10% royalty from VMC on all other
VMC sales using AMC's technologies.
=============================================================================================================
Total Bitcoin Mining Equipment Speed by March 2015 (992,384,000 MH/s * 992,384 GH/s * 992.384 TH/s)
=============================================================================================================
=============================================================================================================
AMC Offering:
AMC's offering is comprised of 100,000,000 shares in total.
1 share of AMC on BitFunder represents 1/100,000,000th of 100% of the monthly profits after all expenses.
AMC shares offer no voting rights. Shares of AMC on BitFunder do not represent real world shares of the
company. The shares are solely a distribution mechanism for rights to profits.
20,000,000 shares will be retained by AMC to maintain a growth and expansion fund.
As of the time of this writing, up to 40,000,000 will be released over time to the public on a varying
time scale as capital is required to complete the project. Any remaining shares not included in the
IPO are owned/maintained/controlled by AMC. These shares will be used at the issuers discretion
for any uses deemed fit. These uses are not limited to, but may include employment.
The funds from the IPO will be used to create a fund for purchasing ASIC chips, research and development,
manufacturing deposits, chip production and development, PCB production and development, licensing fees,
and other necessary needs for developing an ASIC chip and PCB for Bitcoin mining. The funds will be
invested in G.AsicMiner-PT on Bitfunder.com or other Bitcoin mining shares that pay dividends until
the funds are needed for the above usages. The funds may also be used to purchase Bitcoin Mining Machines
from VMC or any other manufacture of Bitcoin Mining Machines or any other source of Bitcoin Mining
Machines which will increase the dividends for investors.
Should the Cooperative be sold or closed, the full amount of the purchase price, liquidated income,
and any mining revenue not distributed will be evenly distributed to the 100,000,000 shares.
So long as AMC is a company of less than 4 employees, no salaries will be paid as expenses,
and are only paid as dividend payments.
Mining Expenses:
Expenses will only be charged for the following direct mining equipment expenses: Utilities,
Equipment Maintenance and Repair, Mining Equipment Space Rental, Internet Access, Mining Equipment
System Administration and Maintenance, Mining Pool Fees, and any other necessary direct miscellaneous
mining equipment operational expenses. Total Mining Expense will not exceed 10% of the Yearly Gross
Revenue.
Early-Adopters:
AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC
each and will also issue 20,000,000 growth and expansion fund shares to AMC. The "Early-Adopter" shares
may be posted in batches with the first batch being 5,000,000 shares. Only the first 40,000,000 issued
shares will receive 100% of the monthly profits after all expenses until the total dividends paid is
equal to .0005 BTC per share. AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and
20,000,000 AMC growth and expansion fund shares) until the total dividends paid is equal to 0.0005 BTC
per share and 12 months have elaped from the date of the initial offering. Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund.
Additional shares may be sold at no less than .001 BTC each.
Statements and Accounting:
Detailed statement and accounting will be provided on Bitfunder.com
Dividends:
Dividends will be paid within 48 hours for the prior weeks profits. Reports will be posted on Bitfunder.
Dividends paid on unissued shares after the early-adopter phase will be retained by AMC and added to
AMC's growth and expansion fund above until the shares are issued.
Mining Pools:
AMC will initially use mining pools, but AMC may also use solo mining.
Forced Buy Back:
No forced buyback may be enforced for shares of AMC.
Equipment:
All equipment listed in this offer will be sold to AMC at the average manufacturing cost for
the unit or a like unit.
After VMC's initial delivery of the above mining equipment, AMC will have first right
of refusal on any equipment manufactured by VMC and said equipment will be paid for by AMC.
VMC will not charge AMC a price which is higher than the lowest price VMC has sold the
equipment or like equipment to any other customer or if the equipment has not been sold
before, then the posted price on VMC's web site.
Bitcoin Network:
With AMC adding hashing power over the next 24 months, AMC does not expect to have over
50% of the hashing power at any one time on the Bitcoin network. If AMC excedes 45% of
the hashing power on the Bitcoin Network, AMC will not add anymore hashing power until
AMC is below 40% of the hashing power on the Bitcoin Network. Also other Bitcoin
manufacturing companies and miners like Avalon, BFL, ASICminer, and our own VMC will
be selling Bitcoin Mining Machines to the public or will be using their own ASIC's to
mine for Bitcoins.
Estimated AMC 24 Months Projections:
Difficulty for this estimate is 40 times the current difficulty.
Estimated Net Income for AMC through for the first 24 months of operation:
Estimated as of this writing with 40 times the current Difficulty of 8,974,296 or
a Difficulty of 358,971,840 (~6,903,305 per difficulty adjustment) and a decline
in profitability of .61 per year.
See images of a screen-shot of the "Bitcoin mining profitability calculator" of our projections.
==========================================================================================================
**********************************************************************************************************
Estimated Gross(less power, less 10% expenses) Revenue 24 Months 562,356.353353846 BTC
**********************************************************************************************************
Early Adopters: 40,000,000 Issued Shares
Estimated Gross(less power, less 10% expenses) Revenue 24 Months / Share 0.014058909 BTC
Fully Diluted: 100,000,000 Issued Shares
Estimated Gross(less power, less 10% expenses) Revenue 24 Months / Share 0.005623564 BTC
**********************************************************************************************************
Return on Investment(ROI) Early Adopters: 40,000,000 Issued Shares
Net Estimated ROI/24 Months Early-Adopters @ .0005 BTC/Share 2,812%/24 Months for an APR of 1,405%
Return on Investment(ROI) Fully Diluted: 100,000,000 Issued Shares
Net Estimated ROI/24 Months Early-Adopters @ .001 BTC/Share 562% /24 Months for an APR of 281%
**********************************************************************************************************
==========================================================================================================
132304-9
