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Topic: AMHash1: Cost-Effective Mining Contract - page 147. (Read 304259 times)

sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
November 22, 2014, 09:33:42 AM
I really believe the immersion cooling tanks are still the 'old' gen 1 tanks we has in 2013. Did immersion cooling really become a thing for the current BE200 hardware?? Well, it could be, but has there been anything official or specific?
full member
Activity: 322
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
November 22, 2014, 08:58:56 AM
Hashie - I got an email from your group that indicated AMHash was using immersion cooled units which is why the maintenance fee was so low.  Do you have any proof of this?

http://instagram.com/p/uzxj9rBDaS/

http://instagram.com/p/uzxrFuBDaY/

http://instagram.com/p/uzxprtBDaW/

Smiley  - AFAIK a number (but not all) of their farms utilize immersion cooling.

-Sahra
legendary
Activity: 3808
Merit: 7912
November 22, 2014, 08:50:50 AM
Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?
New (primary market) AMHash shares are still being sold on Hashie.
-Sahra

Hashie - I got an email from your group that indicated AMHash was using immersion cooled units which is why the maintenance fee was so low.  Do you have any proof of this?
full member
Activity: 322
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
November 22, 2014, 07:05:32 AM
Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?
New (primary market) AMHash shares are still being sold on Hashie.

-Sahra
full member
Activity: 154
Merit: 1000
Fica Tranquilo
November 22, 2014, 06:17:23 AM
Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 22, 2014, 06:55:43 AM
Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?

ended on 18th december and amhash2 were converted to amhash1.

I imagine Amhash3 will be on it's way next week.  it's good to let the price settle after each sale.

Looking at PBmining who were 0.0014 last week but are now 0.0015 this week, Amhash3 could potentially sell for 0.00125 - 0.00120, making any amhash1 or 2 buyers happy and still cheaper than alternatives for new comers.
legendary
Activity: 826
Merit: 1004
November 22, 2014, 12:22:04 AM
I think we under estimate how many in home miners there are that are shutting down.

Home mining will not profit for difficulty climbing up and BTC price is so low.That's the reason AMHash come out, we have the comparative advantage in cost.Or, people can buy small miners to enjoin mining but need to ignore ROI.

In order for AMHash to have any advantage, wouldn't they actually need to have some contracts for sale?

hero member
Activity: 574
Merit: 500
November 21, 2014, 11:12:05 PM
Im taking bets difficulty wont go down even once this year.
im feeling a drop this round if btc price stays the same
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
November 21, 2014, 10:47:07 PM
I think we under estimate how many in home miners there are that are shutting down.

thats my guess - probably the remaining S1 units and some of the other >1w/GH gear that is operating in more expensive areas is finally switching off - and new hardware additions are slow due to a weak bitcoin value.

full member
Activity: 129
Merit: 100
November 21, 2014, 10:22:14 PM
I think we under estimate how many in home miners there are that are shutting down.

Home mining will not profit for difficulty climbing up and BTC price is so low.That's the reason AMHash come out, we have the comparative advantage in cost.Or, people can buy small miners to enjoin mining but need to ignore ROI.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
November 21, 2014, 05:14:07 PM
You can see all the data here: https://bitcoinwisdom.com/bitcoin/difficulty

I'm actually surprised to see that we're currently set for a drop in 11 days.  You'd think people would be running at a loss just for the heat this time of year.  2014 is starting to feel a lot like 2011 did.
legendary
Activity: 1593
Merit: 1004
November 21, 2014, 05:03:14 PM
I think we under estimate how many in home miners there are that are shutting down.
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
November 21, 2014, 05:00:55 PM
New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

Interestingly, it appears the hash rate is dropping.  Difficulty is at 40.3B and while there is still 12 days before the next revision, if it happened today it would drop to 37.1B.  Yesterday the estimate was 38B.  Not sure what is going on, and it can certainly change, but this is the first time I have seen such a drop.  Even in an estimate.
I think i have seen a drop before of 17% or 16% i really do not recall when it was. I am a old man lol so memory not so good but it was a few years ago. I really would not mind a little drop in dificulty rise for one cycle hell even for two cycles. Maybe people are shutting down minners for xmas lights so house dont burn down Tongue
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 21, 2014, 03:37:11 PM
How about a gentleman's bet for a relatively small amount? Say 0.5 BTC or something?

I use to work in a Gentleman's club and there was nothing gentlemanly about it, I do not trust Gentlemen or their word. Pirates life for me   Wink

I'm not a gambling man anyway  Roll Eyes
legendary
Activity: 980
Merit: 1040
November 21, 2014, 03:19:22 PM
How about a gentleman's bet for a relatively small amount? Say 0.5 BTC or something?
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 21, 2014, 03:02:41 PM
Im taking bets difficulty wont go down even once this year.

escrow?
legendary
Activity: 980
Merit: 1040
November 21, 2014, 02:59:43 PM
Im taking bets difficulty wont go down even once this year.
legendary
Activity: 826
Merit: 1004
November 21, 2014, 02:57:06 PM
Nice chart Mabsark -

It's not my chart by the way, it's from the Difficulty page of the the bitcoin wiki. Credit belongs to Adrian and Stephen Gornick.
legendary
Activity: 1593
Merit: 1004
November 21, 2014, 02:51:15 PM
New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

Interestingly, it appears the hash rate is dropping.  Difficulty is at 40.3B and while there is still 12 days before the next revision, if it happened today it would drop to 37.1B.  Yesterday the estimate was 38B.  Not sure what is going on, and it can certainly change, but this is the first time I have seen such a drop.  Even in an estimate.

This spreadsheet shows the past difficulty changes.. The network has decreased a few times.



Nice chart Mabsark -
Just some quick averages -
Since the difficulty hit 10B in May, the average increase has been 10.86% in difficulty.
Since July the increases have averaged 8.45%.
full member
Activity: 141
Merit: 100
November 21, 2014, 02:41:09 PM
Interestingly, it appears the hash rate is dropping.  Difficulty is at 40.3B and while there is still 12 days before the next revision, if it happened today it would drop to 37.1B.  Yesterday the estimate was 38B.  Not sure what is going on, and it can certainly change, but this is the first time I have seen such a drop.  Even in an estimate.


Maybe someone's farm burned down again?
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