Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 25. (Read 223316 times)

Lol! Please leave this in the final contract.

 

============================================================================================================================

ActiveMining: A Fresh Shart!

Version Final 7/8/13

============================================================================================================================

Introduction
ActiveMining (AM) 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 AM 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 AM virtual shares that represent 100% of the global profits of ActiveMining.

The issuing of more AM shares will be allowed in the future, as a last resort, provided there is strong economic justification, mainly on the basis of covering emergent capital needs. Existing shareholders also get the first choice for buying new shares before they are sold on the open market. The volume of new shares shall be kept at a minimum as much as possible and the pricing of them should be such that the total value of all ActiveMining's assets (tangible and intangible) per AM share does not diminish, protecting shareholders as much as possible from future dilution of value.

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, when 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 AM 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.

Version Final 7/8/13

Very shortly dividend payments will be increasing by a factor of 4. Then another 75% (Klondikes). This is a win win.

As a side note, the wording is left with the vague impression that only the shares sold so far will recieve dividends. With only 6 million shares sold at the moment, dividends split 40 million ways, has been reduced to 6M or 6.6x.

Adding 300GH to our 400 give the the payout another 75% payout.

[.00000139 + (.00000139*0.75)]*6.6 = .00001605/share per week if this deal goes through (and if my assumptions are correct).

Oh, and fuck this when our 20,000 chips come in.

Well we are in exciting times.  First is the contract collaboration/clarification/rewrite that ken will be issuing hopefully sometime this week.  Second is everything will now be just AM, and we will be trading in our shares (those of us that purchased the AMC shares early) for higher valued AM shares on a 1:1 swap.  Thirdly, and this may come before, hashing power should increase with the delivery of 3 more Avalons (that alone will pump the AMC share price if they arrive prior to the AM swap).  And fourth, well since I am a positive thinker, we all profit!

Will there be a possibility to trade AMC shares on bitfunder for AM shares on BTCTC?

In the not too distant future AMC will become AM, and we will trade our AMC shares for AM shares.
Exciting times are on the horizon, Im holding these shares for a long time

Edit: Strange that the price is so low on Butfunder and yet so much higher on BTCTC

Yup, someone dropped about 23 BTC and got 22 BTC out, but as picked up about 3500 AMC share. And for the rest of us, we are back to where we were before.

I actually tried to ride along with this one as I had a feeling we'd see another drop, but my ask never got filled. Oh well. I haven't lost anything so still happy.

Btw, what have we got to look forward to in the short term with AMC?

Looks like a pump and dump.

Agreed. That by itself led me not to invest with BF.

I know right? I check prices on bitfunder, then automatically come to this thread to see nothing new happen. Thank god im up to date on this thread that I only have to read 2 pages or so.

Completely baffled by the movements on the share price.. here was me thinking it was based on comments in this thread, but clearly not haha.

It is hard to calculate that, as this is determined by the difficulty increases, the number of machines sold, how many machines are put into the mining operation over time.  You
could take the hash rate that has been expressed in the offering and calculate the time based on that.  This would seem to be the maximum time.

I just picked up a few shared on btct, hoping for a solid future.

Difficult to say given Bitcoin value depreciation as manufacturing costs are linked to Bitcoin price in fiat. It would be nice to integrate Bitcoin shorting and mining difficulty options into a hedging strategy within AMC's overall business strategy.

Do we have an estimated time frame for the .0025/share return to be fulfilled?

To each their own, I like BTCT over the rest, using WeExchange to fund your account on BF just seems a little silly to me.

I think its all down to personal preference. Personally I like the UI of Bitfunder, but I like that BCTTC has a mechanism for shareholder voting.