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Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 89. (Read 223316 times)

FNG
hero member
Activity: 588
Merit: 500
I'm curious, when do people think the undercutting will stop and more importantly why?

Still, the good news to take is that a sizable portion of the released 2 million have been eaten into and its only been a couple of days. Lets just hope the momentum can continue...

It would be helpful if Bitcoin wouldn't tank right now. I think AMC will remain fairly stable for the next few weeks but the BTC/$ course might still drop, so there's no reason to invest.
Here's a thought...Bitcoin is going down because bitcoin is flooding into AMC which is being dumped on the market for cash.


Just a thought...
FNG
hero member
Activity: 588
Merit: 500
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

Hey mate, you are correct. If theres 40 million shares on issue at lets say at the rate of 0.0025  a share. 40m x 0.0025 = 100k in BTC. There is no way this company is worth 100 thousand in bitcoins LOL. Did i miss something here? I can't see this going up.

I also wonder why the need to offer 40 million (or is it 100 million) shares in a brand new venture. Why pick this amazingly large number? Probably not important, just seems strange to offer such a huge number of shares when you begin something.

I'm not a naysayer. I'm looking at this very closely as an investment opportunity. But I believe its good to look at all angles when investing, as there are plenty of investments looking for cash.
Because then you can offer the shares for "cheap" and still make a killing
legendary
Activity: 1232
Merit: 1001
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

I think it's a good thing that Ken decided to basically put a stop to this rise before it's got to crazy.

Imagine the outrage if he had decided to let the price grow to 0.004 for example, only to drop shares at 0.0008 later when the company needs funds again.

I hope you are not serious.

Market manipulation like that is pretty much illegal in.. every part of the world?

This did already happen when the price hit 0.0008 for the first time and a lot of share where issued at 0.0005.

And it's in the asset description that the company can and will sell more shares when it needs the funds, even as low as 0.0005. It is better to do it now, than to let the price grow heavily and sell more when the company needs money immediately.
sr. member
Activity: 266
Merit: 250
Science!
I want to know more about eASIC. How do they perform their simulations? Can we see some of the 16 GH/s results? I don't ask these questions out of skepticism. I ask out of enthusiasm. A little bit of evidence could re-energize shareholders and draw in new investment. Also, does AMC have some sort of exclusive arrangement with eASIC?, in other words, eASIC won't develop hashing chips for other miners while under contract with AMC? Or at least AMC's design would be proprietary? Anything about these potential partners would be helpful.
legendary
Activity: 1554
Merit: 1000
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

I think it's a good thing that Ken decided to basically put a stop to this rise before it's got to crazy.

Imagine the outrage if he had decided to let the price grow to 0.004 for example, only to drop shares at 0.0008 later when the company needs funds again.

I hope you are not serious.

Market manipulation like that is pretty much illegal in.. every part of the world?

I genuinely have a problem understanding the difference between that, and you doing it on BTINVEST. People were buying 0.279's before you forced it down to where your placed issues are now. TF, im not saying you are wrong, i genuinely need to know the difference here. Thanks
legendary
Activity: 1554
Merit: 1000
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

I think it's a good thing that Ken decided to basically put a stop to this rise before it's got to crazy.

Imagine the outrage if he had decided to let the price grow to 0.004 for example, only to drop shares at 0.0008 later when the company needs funds again.

+1
vip
Activity: 1316
Merit: 1043
👻
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

I think it's a good thing that Ken decided to basically put a stop to this rise before it's got to crazy.

Imagine the outrage if he had decided to let the price grow to 0.004 for example, only to drop shares at 0.0008 later when the company needs funds again.

I hope you are not serious.

Market manipulation like that is pretty much illegal in.. every part of the world?
legendary
Activity: 1232
Merit: 1001
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

I think it's a good thing that Ken decided to basically put a stop to this rise before it's got to crazy.

Imagine the outrage if he had decided to let the price grow to 0.004 for example, only to drop shares at 0.0008 later when the company needs funds again.
Vbs
hero member
Activity: 504
Merit: 500
Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.

The more are sold, the faster AMC gets everything rolling, instead of waiting for dividends. True, AMC could stop selling, and just pay the NRE in fractions (which is probably going to happen anyway).

Selling shares at a lower price would be very bad for investors that bought at .0025 already. That price can be justified (yes, I know, not everyone agrees!!!) as they are now getting into AMC at a much less riskier price point.

Remember that it was thanks to initial investors that AMC has all the above hardware coming. If not for them, we would be in doubt right now if there would be enough $ to pay the NRE. Thanks to them, there isn't. Smiley
legendary
Activity: 1512
Merit: 1012
Still wild and free
.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Thanks! Smiley

The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark.



Why then sell more shares if that's not necessary? Or why not sell the same amount of shares but at a lower price?
It's a honest question.
Vbs
hero member
Activity: 504
Merit: 500
.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded

Thanks! Smiley

The raised capital from those is already more than enough. Even if not a single more share is sold, and considering tough difficulty estimates, the revenue from the incoming hardware (especially the 20.000 Avalon chips) is more than enough to put AMC above the $1M mark (see last row).

member
Activity: 72
Merit: 10
I'm curious, when do people think the undercutting will stop and more importantly why?

Still, the good news to take is that a sizable portion of the released 2 million have been eaten into and its only been a couple of days. Lets just hope the momentum can continue...

It would be helpful if Bitcoin wouldn't tank right now. I think AMC will remain fairly stable for the next few weeks but the BTC/$ course might still drop, so there's no reason to invest.
legendary
Activity: 2464
Merit: 1020
Be A Digital Miner
The maximum NRE total cost asked to us is around $1,000,000, but we are expecting it may go
down from there. We estimate a total sale of 4,000,000 shares at ฿0.0025 for covering all
the NRE associated costs, considering BTC/USD fluctuations.

VMC is also announcing today that 100% of the profits from bulk sales of the
Fast-Hash-ONE chips will be reimbursed to AMC until the total amount that AMC has paid to
VMC for the NRE to create this chip is totally reimbursed to AMC.  AMC will also
have the First Rights Of Refusal on a number of machines built with the Fast-Hash-ONE.
Are you sure VMC can afford to be this generous?
I mean all AMC is going to do is lend VMC $1 million.
And in return VMC is going to pay it back from profits?  AND allow them to buy hardware?
Shouldn't VMC get something out of it?
You do not think getting a million of absolutely free high risk capital is worth something? 
full member
Activity: 148
Merit: 100
I'm curious, when do people think the undercutting will stop and more importantly why?

Still, the good news to take is that a sizable portion of the released 2 million have been eaten into and its only been a couple of days. Lets just hope the momentum can continue...
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

I doubt there's 99 % praise, but ASICMINER was the first one out there. When they started out they had basically no competition. With no competition you will have a lot less naysaying. Now there is a lot of competition, a lot of conflicting interests and thus naturally the amount of foul-mouthing is going to be higher.

Ha.  BFL was the first.  And I crapped all over them from day 1.

Yeah, I guess you're right. However ASICMINER was the first one that was able to do it in a professional and satisfying manner. They've really delivered and have given their investors brilliant returns, so I'm not surprised there's mostly praise about them.

Exponential increases in difficulty means exponential needs for equity I guess
member
Activity: 104
Merit: 10
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

I doubt there's 99 % praise, but ASICMINER was the first one out there. When they started out they had basically no competition. With no competition you will have a lot less naysaying. Now there is a lot of competition, a lot of conflicting interests and thus naturally the amount of foul-mouthing is going to be higher.

Ha.  BFL was the first.  And I crapped all over them from day 1.

Yeah, I guess you're right. However ASICMINER was the first one that was able to do it in a professional and satisfying manner. They've really delivered and have given their investors brilliant returns, so I'm not surprised there's mostly praise about them.
hero member
Activity: 518
Merit: 500
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

I doubt there's 99 % praise, but ASICMINER was the first one out there. When they started out they had basically no competition. With no competition you will have a lot less naysaying. Now there is a lot of competition, a lot of conflicting interests and thus naturally the amount of foul-mouthing is going to be higher.

All I can say is I read every page, and 99% praise is conservative. But of course you are right, they started their operation at a great time, and have reaped amazing rewards, so investors aren't going to moan at that. Times are a lot tougher now, and it seems AMC need a massive multiple of the cash ASICMINER just to get started.

There will be lots of competition in the next 12 months, that's for sure. The number of bitcoins ASICMINER has produced shows what a profitable business this can be.
hero member
Activity: 518
Merit: 500
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

Hey mate, you are correct. If theres 40 million shares on issue at lets say at the rate of 0.0025  a share. 40m x 0.0025 = 100k in BTC. There is no way this company is worth 100 thousand in bitcoins LOL. Did i miss something here? I can't see this going up.

I also wonder why the need to offer 40 million (or is it 100 million) shares in a brand new venture. Why pick this amazingly large number? Probably not important, just seems strange to offer such a huge number of shares when you begin something.

I'm not a naysayer. I'm looking at this very closely as an investment opportunity. But I believe its good to look at all angles when investing, as there are plenty of investments looking for cash.
member
Activity: 104
Merit: 10
I've been an early investor bought below 0.0008BTC and cashed out at 0.0025BTC

Why the sudden change of heart? ken is his whole operation gets shadier everyday. It may seem like all is going well with his active posts/and few Avalon rigs running for dust dividends, but it looks more and more like a scam to me.

But this is bitcoin stocks and we have seen in the past, elaborate scams aren't new. This may be the biggest one yet.

Go read the share information and contract over and over, investor's benefits very little and I honestly don't know how you can justify selling your newer issued shares at 0.0025. I understand if there are significantly less shares before you introduced 4million shares at 0.0025. But no, that's not the case... 10TIMES the amount of shares has already been present and issued. You honestly think you can just increase your stock by 310%+ by issuing another 4 million at that price claiming early bird investment?


You just tripled your money and you are still complaining?

My worry as a potential investor is the opposite. Despite tripling his money the guy has nothing good to say about the operation. There are lots of people in this thread with similar views. I went through 380 pages of ASICMINER discussions and believe me, its 99% praise. Here its 50/50, makes me vary wary as potential investor.

I doubt there's 99 % praise, but ASICMINER was the first one out there. When they started out they had basically no competition. With no competition you will have a lot less naysaying. Now there is a lot of competition, a lot of conflicting interests and thus naturally the amount of foul-mouthing is going to be higher.
member
Activity: 104
Merit: 10
.0025 Shares sold on Bifunder: 432,649
.0025 Shares sold on BTC-TC: 511,678
Total: 944,327

944323/4000000 = 0.23608075 = ~23.6 % funded
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