Topic: AMHash1: Cost-Effective Mining Contract - page 156. (Read 304327 times)
From havelock: "maintenance fee is $0.00163 per GH per day or $0.0489 per GH per month)"
Sure. Cant link directly, but just go here:
https://bitcoinwisdom.com/bitcoin/calculator
Then try 5% or 10% and see what happens.
https://bitcoinwisdom.com/bitcoin/calculator
Then try 5% or 10% and see what happens.
What's with that maintenance cost?
Sure. Cant link directly, but just go here:
https://bitcoinwisdom.com/bitcoin/calculator
enter these parameters:
and you get
Then try 5% or 10% and see what happens.
https://bitcoinwisdom.com/bitcoin/calculator
enter these parameters:
and you get
Then try 5% or 10% and see what happens.
Actually, with a 10% difficulty increment, you'd break even after 160 days according to BitcoinWisdom.
Say what? Try again, this time dont forget to enter maintenance fees.
The highest difficulty increment it will support is 4%, and then it takes nearly a year to break even. Morover, it requires an end difficulty that is just 90B, The only way difficulty will be that low a year from now, is if Bitfury 28nm falls flat on its face, KnC joins BFL and HF in bankruptcy, spondoolies is bombed by Hamas and friedcat put in prison.
care to share your calculations on that?
Actually, with a 10% difficulty increment, you'd break even after 160 days according to BitcoinWisdom.
Say what? Try again, this time dont forget to enter maintenance fees.
The highest difficulty increment it will support is 4%, and then it takes nearly a year to break even. Morover, it requires an end difficulty that is just 90B, The only way difficulty will be that low a year from now, is if Bitfury 28nm falls flat on its face, KnC joins BFL and HF in bankruptcy, spondoolies is bombed by Hamas and friedcat put in prison.
Hey you are also sporting a cloud signature! I get paid some BTC for my signature space nothing more. I mine the old fashioned way since 2012 with in hand hardware 
I assume AM has some real time mining stats I may view unlike GAW?
I assume AM has some real time mining stats I may view unlike GAW?Yes, I have an AMHash sig. Good job I'm not calling them a ponzi. That would be hypocritical of me. As for the real time stats, it would be a horizontal line on a graph because you get 1 GH/s per share. In other words, you don't need real time stats because your hash rate doesn't vary. AMHash absorbs that variance.
I think he means an AM mining address in which case:
1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6
As for GAW, they are almost definitely a ponzi. See here: https://bitcointalk.org/index.php?topic=720844.4500
Hey you are also sporting a cloud signature! I get paid some BTC for my signature space nothing more. I mine the old fashioned way since 2012 with in hand hardware I assume AM has some real time mining stats I may view unlike GAW?
I assume AM has some real time mining stats I may view unlike GAW?Yes, I have an AMHash sig. Good job I'm not calling them a ponzi. That would be hypocritical of me. As for the real time stats, it would be a horizontal line on a graph because you get 1 GH/s per share. In other words, you don't need real time stats because your hash rate doesn't vary. AMHash absorbs that variance.
So I might break even in 5 months...and I would have to trust in Havelock the entire time? To me that does not sound like a good deal, but hey invest away
Well, you said that you can't make any profit from cloud mining and that most of them are ponzi's. What's so funny about that is that you're also promoting a cloud mining service in your sig which is significantly more expensive than AMHash. So, are you deliberately promoting a ponzi?
Hey you are also sporting a cloud signature! I get paid some BTC for my signature space nothing more. I mine the old fashioned way since 2012 with in hand hardware
I assume AM has some real time mining stats I may view unlike GAW? So I might break even in 5 months...and I would have to trust in Havelock the entire time? To me that does not sound like a good deal, but hey invest away
Well, you said that you can't make any profit from cloud mining and that most of them are ponzi's. What's so funny about that is that you're also promoting a cloud mining service in your sig which is significantly more expensive than AMHash. So, are you deliberately promoting a ponzi?
I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs?
None are..always better to buy BTC and hold not buy "cloud mining". Personally I do really well buying used miners unless they are made by AM of course, but I will not bother going into that with an AM share holder.
Actually, with a 10% difficulty increment, you'd break even after 160 days according to BitcoinWisdom. The last 3 difficulty increases have been 0.98%, 2.81% and 10.05%. The next difficulty increase is set to be around 5.63% according to BitcoinWisdom.
So I might break even in 5 months...and I would have to trust in Havelock the entire time? To me that does not sound like a good deal, but hey invest away
I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs?
None are..always better to buy BTC and hold not buy "cloud mining". Personally I do really well buying used miners unless they are made by AM of course, but I will not bother going into that with an AM share holder.
Actually, with a 10% difficulty increment, you'd break even after 160 days according to BitcoinWisdom. The last 3 difficulty increases have been 0.98%, 2.81% and 10.05%. The next difficulty increase is set to be around 5.63% according to BitcoinWisdom.
I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs?
None are..always better to buy BTC and hold not buy "cloud mining". Personally I do really well buying used miners unless they are made by AM of course, but I will not bother going into that with an AM share holder.
I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs?
I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
It does not put any hashing power in there hands at all..they have a share of something that represents hashing power. It is not like regular cloud mining since you have 0 control of it. You pay some coins and hope that it makes you a profit. Personally I do not see how anyone but AM makes a profit from it unless you dump them the second you see a decent buy order.
How is that different from regular cloudmining?
You can speculate on sha 256 alt coins or select a different pool...maybe a solo pool and get lucky. Do not get me wrong ALL cloud mining services make you a loss. Otherwise they would not sell it to you.
Which cloudmining companies are offering full control of the hashrate?
It does not put any hashing power in there hands at all..they have a share of something that represents hashing power. It is not like regular cloud mining since you have 0 control of it. You pay some coins and hope that it makes you a profit. Personally I do not see how anyone but AM makes a profit from it unless you dump them the second you see a decent buy order.
How is that different from regular cloudmining?
You can speculate on sha 256 alt coins or select a different pool...maybe a solo pool and get lucky. Do not get me wrong ALL cloud mining services make you a loss. Otherwise they would not sell it to you.
It does not put any hashing power in there hands at all..they have a share of something that represents hashing power. It is not like regular cloud mining since you have 0 control of it. You pay some coins and hope that it makes you a profit. Personally I do not see how anyone but AM makes a profit from it unless you dump them the second you see a decent buy order.
How is that different from regular cloudmining?
@mabsark: not sure why you call me an idiot - i said nothing about AM reducing the GH value of a share by adding more - I said they were doing it by creating a second IPO that is 4% lower in price only days after the first IPO (and difficulty change has been less than that during this time), effectively underselling the buyers of the first IPO.
I couldn't care less about speculators trying to flip shares within a week. That's not why the service exists. It exists to put hashing power in the hands of people who want it without having to mess round trying to get miners to work or dealing with delivery issues.
finally, its probably safe to assume that AMHash1 and AMHash2 will not be freely interchangable - so rather than actually building to the promised 5PH in AMHash1, you will now see people pointlessly trying to arbitrage against AMHash2, since both assets have the exact same value (1GH) but different prices.
Havelock says otherwise.
The AMHASH2 Fund is a continuation of AMHASH1
Every unit you purchase from AMHASH2 will be swapped for AMHASH1 in your account.
You can continue to trade and receive dividends with those units right away.
Every unit you purchase from AMHASH2 will be swapped for AMHASH1 in your account.
You can continue to trade and receive dividends with those units right away.
It does not put any hashing power in there hands at all..they have a share of something that represents hashing power. It is not like regular cloud mining since you have 0 control of it. You pay some coins and hope that it makes you a profit. Personally I do not see how anyone but AM makes a profit from it unless you dump them the second you see a decent buy order.
My AMHash2 shares, which I bought this morning at opening, have now been converted to AMHash1 shares at 1 for 1.
There will be no arbitrage.
And yes, I fully expect that in two weeks there will be an AMHash3 at a reasonably reduced rate.
But as long as my dividends continue to outpace the decreases, I have no issues with what they are doing. I am not sure why they are calling it IPO's. It's cloud mining. Cloud mining at the lowest expense rate available and with fixed mining payments as if it was pay per share. Happy customer so far.
There will be no arbitrage.
And yes, I fully expect that in two weeks there will be an AMHash3 at a reasonably reduced rate.
But as long as my dividends continue to outpace the decreases, I have no issues with what they are doing. I am not sure why they are calling it IPO's. It's cloud mining. Cloud mining at the lowest expense rate available and with fixed mining payments as if it was pay per share. Happy customer so far.
@mabsark: not sure why you call me an idiot - i said nothing about AM reducing the GH value of a share by adding more - I said they were doing it by creating a second IPO that is 4% lower in price only days after the first IPO (and difficulty change has been less than that during this time), effectively underselling the buyers of the first IPO.
I couldn't care less about speculators trying to flip shares within a week. That's not why the service exists. It exists to put hashing power in the hands of people who want it without having to mess round trying to get miners to work or dealing with delivery issues.
finally, its probably safe to assume that AMHash1 and AMHash2 will not be freely interchangable - so rather than actually building to the promised 5PH in AMHash1, you will now see people pointlessly trying to arbitrage against AMHash2, since both assets have the exact same value (1GH) but different prices.
Havelock says otherwise.
The AMHASH2 Fund is a continuation of AMHASH1
Every unit you purchase from AMHASH2 will be swapped for AMHASH1 in your account.
You can continue to trade and receive dividends with those units right away.
Every unit you purchase from AMHASH2 will be swapped for AMHASH1 in your account.
You can continue to trade and receive dividends with those units right away.
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