Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 23. (Read 223316 times)

Talked with Ukto, and he is going to be changing this.

This

For every PT share sold Ken holds a share on Bitfunder, so I would assume so

AMC-PT shares will allowed to be swapped as well 1:1, correct?  Im 99% sure this is the case, just want to be sure

As Ken said, make an account on Bitfunder.com or btct.co and buy AMC or AMC-PT. Shares are pretty cheap at the moment!

And Id just like to say, as a shareholder, I am very excited by where things are going!
You are doing a great job Ken

Name changed to ActiveMining.

Buy AMC shares, then tender them for ActiveMining shares on bitfunder.com, they are cheap now.

Any shares left?? How to buy in??
 
Thanks.

Here is our Highest End: 24.576 TH/s - 6 Expansion Cases - 96 256 GH/s cards.

It looks like your right, they will be worth it at that price. Even if the difficulty went up 5x of what it is today they would still make decent money.
http://bitclockers.com/calc/mining_difficulty/100190846/difficulty_change/15/btc_per_block/25/value_per_btc/100.00/mhash_rate/4800000/cost_per_kwh/0.10/watts_consumption/1000/total_days/180/hardware_cost/250000

At today's difficulty (insert your own comment here), it would mine 3,439 BTC per month.

You are right. I missed a '0'. 0.0000160545 was what is should have been.

Were starting to get some publicity for the VMC miners. Feel free to send this guy a donation if your stock price goes up or some miners get sold. I subscribe to his channel, he has a real good incite into BTC and BTC trading.


http://www.youtube.com/watch?v=gEyrg2JVBSA&feature=youtu.be&t=9m18s


http://thegenesisblock.com/amc-announces-4-8-ths-bitcoin-miners-for-3000-btc/

Ken, is the pricing correct on these. You want .25mil for a miner?

ATM or ACM or AMG or something else - can we have a poll?

These calculations must be wrong, unfortunately.

Current difficulty would earn approximately 16.5 bitcoins per day with a hash rate of 700 GH/s.

If you divide that by 6,000,000 and multiply by seven, you get a weekly dividend of 0.00001925 btc per share.

When are you expecting to pull the trigger on the new offering, Ken? I'm itching to get my shares swapped!

Change to get listed on Bitfunder.

Introduction
ActiveMining (ATM) is a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits. ActiveMining's business includes cryptocoin mining and sales of self-built ASIC devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ATM shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 AM shares (60% of the profits), for a total of 25,000,000 ATM virtual shares that represent 100% of the global profits of ActiveMining.

Public investor's protection plan
The first 10,000,000 ActiveMining shares have the privilege of getting all profits until BTC0.0025/share is paid, starting from the day when dividends begin to be paid.

How to buy shares
AM shares will be sold on BitFunder and BTCT.CO and any other exchange, following asset approval or tendered by AMC shares. Existing Active Mining Cooperative (AMC) shareholders will be entitled to tender their shares for ActiveMining shares, on a 1:1 basis and are also covered in the public investor's protection plan.

Dividend payment
The global ActiveMining's income, including mining income, hardware sales via bitcoins, other cryptocoins and fiat transferred to bitcoins, will be paid to ActiveMining shareholders proportionally, after all manufacturing, maintenance, labor costs, R&D, growth and miscellaneous expenses are deducted. The first BTC0.0025/share dividends will only be paid to the first 10,000,000 ATM shares, providing public investors a priority in getting back 100% return of their investment.

Our chips in development
Generation 1: Fast-Hash. 28nm. Each chip's rated frequency is 800 MHz at 1.15V. It translates to 16,000 MH/s because it does 20 hashes per cycle. Chip requires proper handling of heat and power supply. It is expected the chip can be overclocked to 1000 MHz @ 20,000 MH/s.

Our existing hardware assets from AMC liquidation
6 Avalon miners, currently running on BTC Guild under "Team AMC" for around 430 GH/s;
An order of Avalon chips from steamboat's batch #1, for 68 Klondike-16 boards, rated at 68*16*282 = 307 GH/s;
An order of 20,000 Avalon chips (end of May and beginging of June orders), for a combined hashrate of 20,000*282 = 5,640 GH/s.

In total, around 6,377 GH/s, expected to be fully operational in the middle of August.

+1

We need to get BitFunder to fix this ASAP. I have sent them a message via PM and through BitFunder. Hopefully they will address this issue. Shares that have not been sold should not receive dividends. This is unfair to the shareholders. Also can we touch on the subject of shareholder voting rights and how Ken will go about getting the board of directors together?

I'm guessing you'll be transferring your shares from BitFunder to btct.co, as I plan to? Problem solved! 

Really? And how is this making it OK to fuck up a concept as simple as treasury stock?
Paying divs to treasury stock is like robbing from shareholders, but then smiling and "giving" it back via perpetual loop of diminishing payout.