https://bitcointalksearch.org/topic/wtb-10btc-amc-european-call-options-245354
Will be interesting to see if any of the naysayers are willing to put their bitcoin where their mouth is, or if they are just armchair quarterbacks.
Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 90. (Read 223316 times)
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?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?
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.
Update: They are actually have 100 million shares, that makes the company worth 250k BTC @ 0.0025. Which is 1/84 of all bitcoins (21 million) or at current prices worth 25 million dollars, This is plain ridicules. And a drop in value is sure to come. This is mostly speculative hype. A bullish rush to buy that it way more emotional than rational.
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?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?
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'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? 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?
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?
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?
The NRE on eAsic isn't much really, they specialize on partial wafer prototypes. Make something that works and then come ask for money. If the results are disappointing then keep spinning/spending more NRE with eAsic until it does....
The nature of how all the investor money flows from AMC to VMC makes this a scam. We should be investing in the whole enchilada, instead here the investor takes all the BTC risk while you funnel off all the profits to VMC.
Caveat Emptor
The nature of how all the investor money flows from AMC to VMC makes this a scam. We should be investing in the whole enchilada, instead here the investor takes all the BTC risk while you funnel off all the profits to VMC.
Caveat Emptor
If you structure a company so that you NEED money from a second share issue at 5 TIMES orininal issue price just weeks or months after your IPO, you deserve to fail.
How are people even calling selling shares at 0.0024 "panic selling" when IPO was at 0.0005? This market is simply rediculous right now.
Panic selling fits what happened earlier tonight quite well: That is, some investors bought shares at some price, then started selling them as soon as they dropped below what they had bought them at.
It doesn't matter what price the shares were sold at, what matters is the amount of BTC invested. AMC has stated that 100% of the NRE (which includes the blocks at .0025) would be repayed before VMC started taking in dividends.
Every single one of these people either:
- Mine themselves
- Own Shares in a competing security
- Trying to pick up shares a lower price
This will pass, just as it did when we had good news the previous 2 times and were put down.
Say they succeed, though, in scaring people out of their shares (or from buying the IPOs). What happens if the needed funding isn't acquired? I read earlier that AMC can get a loan from VMC or something similar - still a possibility if IPOs aren't all purchased?
How are people even calling selling shares at 0.0024 "panic selling" when IPO was at 0.0005? This market is simply rediculous right now. If AMC can deliver on their promises, I bet we will see it do great in the next 6-12 months. I for one just think that for a early stage start up. The valuation is far too high.
There are so many insecurities, man-sized holes, and pure 'makes no sense' holes in the entire 'business' and it's relationships with other companies I don't even know where to start. I am 100% totally jealous of the company owners that have managed to secure their retirement in a few weeks. Buying shares @ current value? HELL NO!
I'm all ears. What are your precise objections?
Quote
Precise? Oh well how about:
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 August 2013)
We are on schedule to receive 62 of these machine by the end of August. We have 20,000 chips on order from
Avalon for these machines.
Now, I think you are a competitor just trying to spread FUD about AMC, I have looked at some of your
post and you seem to be tied to KnC as your forum name suggest "TheSwede75". and this:
[Group Buy #2] 1 KNC Miner Saturn 175 GH/s miner + hosting (10 shares) CLOSED
which is your group buy for KNC equipment. Case Closed.
I hosted a single group buy for 40 BTC, and am a competitor? Yep. I hope AMC succeeds, I just personally cannot wrap my head around the profit margins and sale prices described in the prospectus. If you can sell Avalon clones for $6000, 6 months from now. Well, more power to you.
How is any of that relevant. To my knowledge AMC is yet to show e shred of evidence of anything but Avalon clones as well..
You do realize that naysayers said the exact same thing about the Avalons not showing up, right? Ken has come through on all promises so far. You can't dock him for future promise that have not come to fruition yet. We understand the risks.
Relevant for those investing in AMC-PT. https://bitcointalk.org/index.php?topic=241415.0;all
Also: What are these wild claims coming from? 'World fastest chip?" Both Bitfury and KNC miner has announced chips in 55nm/28nm that are expected for delivery in SEPTEMBER with same/competing hash rates. KNC's chip is a 55x55mm core @ 100 GH/s and Bitfury is a multicore chip capable of 0.3W per 1GH. What justifies a $25 MILLION valuation for a company with no track record, and a few 1000 BTC in total assets?
Also: What are these wild claims coming from? 'World fastest chip?" Both Bitfury and KNC miner has announced chips in 55nm/28nm that are expected for delivery in SEPTEMBER with same/competing hash rates. KNC's chip is a 55x55mm core @ 100 GH/s and Bitfury is a multicore chip capable of 0.3W per 1GH. What justifies a $25 MILLION valuation for a company with no track record, and a few 1000 BTC in total assets?
LOL! So, a Jupiter miner of 350GH/s will use 3.5 chips then?
Read their announcement.
Please link it to me. I also very much would like to see the power figures on a 100GH/s chip.
Maybe you should tell them to modify their Jupiter image on their webpage? Seems so big for a 3.5 chip machine! And watercooled! Oh my! I can only imagine the overclock those chips will run at!
How is any of that relevant. To my knowledge AMC is yet to show e shred of evidence of anything but Avalon clones as well..
Anyone who thinks AMC is going down may be interested in this contract.
https://bitcointalk.org/index.php?topic=245354.new#new
https://bitcointalk.org/index.php?topic=245354.new#new
This was all hashed out in the custom hardware forum last year. Go find the discussions yourself.
Basically you end up with a device that is equal to an FPGA in power and performance, and cheaper than an FPGA if you need thousands of them. But compared to an ASIC, the result is poor due to all the legacy overhead in the device.
But I guess that doesn't matter since you are buying the capability for Ken, and won't even own the IP.
Basically you end up with a device that is equal to an FPGA in power and performance, and cheaper than an FPGA if you need thousands of them. But compared to an ASIC, the result is poor due to all the legacy overhead in the device.
But I guess that doesn't matter since you are buying the capability for Ken, and won't even own the IP.
I know it's pointless, but I'll answer.
The chip performance results are stated in the news, so you either think them mediocre or are saying eAsic are liars. If you think a 16GH/s chip is mediocre for an ASIC, please point me anywhere where I can find a better one at the moment, or even in the design stage.
A video of a prototype chip hashing away at 16 GH/s would certainly help eat up the wall.
Food for thought....
The 20,000 avalon chips and klondikes will come online first
This was all hashed out in the custom hardware forum last year. Go find the discussions yourself.
Basically you end up with a device that is equal to an FPGA in power and performance, and cheaper than an FPGA if you need thousands of them. But compared to an ASIC, the result is poor due to all the legacy overhead in the device.
But I guess that doesn't matter since you are buying the capability for Ken, and won't even own the IP.
Basically you end up with a device that is equal to an FPGA in power and performance, and cheaper than an FPGA if you need thousands of them. But compared to an ASIC, the result is poor due to all the legacy overhead in the device.
But I guess that doesn't matter since you are buying the capability for Ken, and won't even own the IP.
I know it's pointless, but I'll answer.
The chip performance results are stated in the news, so you either think them mediocre or are saying eAsic are liars. If you think a 16GH/s chip is mediocre for an ASIC, please point me anywhere where I can find a better one at the moment, or even in the design stage.
A video of a prototype chip hashing away at 16 GH/s would certainly help eat up the wall.
Food for thought....
Every single one of these people either:
- Mine themselves
- Own Shares in a competing security
- Trying to pick up shares a lower price
This will pass, just as it did when we had good news the previous 2 times and were put down.
Say they succeed, though, in scaring people out of their shares (or from buying the IPOs). What happens if the needed funding isn't acquired? I read earlier that AMC can get a loan from VMC or something similar - still a possibility if IPOs aren't all purchased?
Yes, remember we have a lot of hardware incoming. Will take a bit more time, but the mining from that can be very well used for it. We will get our chips.
The hard part was most certainly convincing eASIC to run the chip simulations for us (are we "worthy"?), based on Ken's optimized RTL code. We already passed the front door!
Every single one of these people either:
- Mine themselves
- Own Shares in a competing security
- Trying to pick up shares a lower price
This will pass, just as it did when we had good news the previous 2 times and were put down.
Say they succeed, though, in scaring people out of their shares (or from buying the IPOs). What happens if the needed funding isn't acquired? I read earlier that AMC can get a loan from VMC or something similar - still a possibility if IPOs aren't all purchased?
They probably wont need the full NRE right away. Raising that money shouldn't be a problem. Plus $1million is a max
Quote
The maximum NRE total cost asked to us is around $1,000,000, but we are expecting it may go
down from there.
down from there.
I'm sure bASIC preorders cheered when they heard good news from Tom.
So many people trying to kick the price down for cheap shares
hopefully their buy orders get filled so they can STFU
hopefully their buy orders get filled so they can STFU
Every single one of these people either:
- Mine themselves
- Own Shares in a competing security
- Trying to pick up shares a lower price
This will pass, just as it did when we had good news the previous 2 times and were put down. People are scared of AMC because it represents competition.
So many people trying to kick the price down for cheap shares
hopefully their buy orders get filled so they can STFU
hopefully their buy orders get filled so they can STFU
lol, Ken tanked his own stock with that 2 million share wall
It's engineered as a scam all the way through. I shudder for all the investors that bought into the bullshit PRs. Jump to: