Author

Topic: AMHash1: Cost-Effective Mining Contract - page 157. (Read 304327 times)

legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
November 11, 2014, 09:18:28 PM
More anger from a sad AM shareholder and more bad decisions made by the AM team. Go AM go! To da moon!
didnt i see you multiple times in the last two days spouting off in the Spondoolies thread about some asicminer shill who keeps dropping in to make unproductive comments?
Again coming here after I poke AM in their thread. I should make a counter for this. This is the fourth time Smiley


@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.

The rest of my comment related to the fact that the IPO for AMHash2 is actually a direct copy/paste of the AMHash1 IPO. In the details, "amhash1" and a price of "0.00125" / "1.25" are repeated several times with zero effort to make the ipo distinct.  https://www.havelockinvestments.com/fund.php?symbol=AMHASH2  if you want to see yourself.

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.
legendary
Activity: 1904
Merit: 1007
November 11, 2014, 02:14:18 PM
Price announced for AMHash2: 0.0012. 500,000 units available
1) available tomorrow, they just screwed over all the amhash1 ipo buyers
2) it's a 500th cloud, that rather than be another ipo round in amhash1, decided to be a seperate fund for no good reason.
3) the ipo is entirely copied and pasted from amhash1. pricing, 5ph claim, everything is a total copy and paste job under the guise of a new asset.

This is total nonsense. Glad I passed on the first round, since these guys have no clue what they are doing

Wow, what an idiot.

You are not buying shares in a company you are buying hashing power in chunks of 1 GH/s. Does AM selling more reduce that? Of course it doesn't? All "shares" are still worth 1 Gh/s.

I don't even know why AMHash is even talking about "IPOs" and crap like that. The mining contracts should be constantly available to purchase.

More anger from a sad AM shareholder and more bad decisions made by the AM team. Go AM go! To da moon!
legendary
Activity: 826
Merit: 1004
November 11, 2014, 01:31:23 PM
Price announced for AMHash2: 0.0012. 500,000 units available
1) available tomorrow, they just screwed over all the amhash1 ipo buyers
2) it's a 500th cloud, that rather than be another ipo round in amhash1, decided to be a seperate fund for no good reason.
3) the ipo is entirely copied and pasted from amhash1. pricing, 5ph claim, everything is a total copy and paste job under the guise of a new asset.

This is total nonsense. Glad I passed on the first round, since these guys have no clue what they are doing

Wow, what an idiot.

You are not buying shares in a company you are buying hashing power in chunks of 1 GH/s. Does AM selling more reduce that? Of course it doesn't? All "shares" are still worth 1 Gh/s.

I don't even know why AMHash is even talking about "IPOs" and crap like that. The mining contracts should be constantly available to purchase.



legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 11, 2014, 12:02:48 PM
Quote
(Initial) Public Offerings

ASICMiner 500 TH Cloud Mining Fund (AMHASH2)
Invalid IPO for Fund

havelock?
legendary
Activity: 3808
Merit: 7912
November 10, 2014, 08:11:30 PM
Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

Alternatively, who would buy the new IPO for a price above AM1 market price? The only way to sell this IPO is by offering a discount over market price. Now think about that before buying, realizing that they have most of their 5PH unsold.

 Yes that part is obvious and not what I'm on about.
Anyone thinking divs didn't start until Nov 18 for AMHash2 might have bought above IPO as the divs are paid daily.
The misinformation surrounding this release of a large amount of new shares is unacceptable when the shares are currently trading.
 
Not so obvious. Just sold a block of AMHash1 for over .00126

 The obvious part is "The only way to sell this IPO is by offering a discount over market price" (well obvious to myself and Puppet I suppose)  You sold today at 0.00126 so the IPO tomorrow at 0.0012 demonstrates what you have stated to be "not so obvious".
legendary
Activity: 1593
Merit: 1004
November 10, 2014, 07:46:15 PM
Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

Alternatively, who would buy the new IPO for a price above AM1 market price? The only way to sell this IPO is by offering a discount over market price. Now think about that before buying, realizing that they have most of their 5PH unsold.

 Yes that part is obvious and not what I'm on about.
Anyone thinking divs didn't start until Nov 18 for AMHash2 might have bought above IPO as the divs are paid daily.
The misinformation surrounding this release of a large amount of new shares is unacceptable when the shares are currently trading.
 
Not so obvious. Just sold a block of AMHash1 for over .00126
legendary
Activity: 3808
Merit: 7912
November 10, 2014, 06:42:07 PM
Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

Alternatively, who would buy the new IPO for a price above AM1 market price? The only way to sell this IPO is by offering a discount over market price. Now think about that before buying, realizing that they have most of their 5PH unsold.

 Yes that part is obvious and not what I'm on about.
Anyone thinking divs didn't start until Nov 18 for AMHash2 might have bought above IPO as the divs are paid daily.
The misinformation surrounding this release of a large amount of new shares is unacceptable when the shares are currently trading.
 
legendary
Activity: 980
Merit: 1040
November 10, 2014, 06:29:01 PM
Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

Alternatively, who would buy the new IPO for a price above AM1 market price? The only way to sell this IPO is by offering a discount over market price. Now think about that before buying, realizing that they have most of their 5PH unsold.
hero member
Activity: 770
Merit: 509
November 10, 2014, 06:23:45 PM
i think if you read again they will sell tomorrow and it will end the 18th. i presume then all sold shares will be converted to amhash1. i doubt they would convert as you buy.... maybe i am wrong though.

Thanks Wink  I'm a little dense after working nights but I had the impression divs begin immediately?
Not liking the way information and erroneous cut-and-paste are trickling out rather than doing one comprehensive and informative post from an authority.  We shouldn't have to guess.

No they will be converted and receive dividends immediately:

The AMHASH2 offer will be open for 7 days.


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.

But I agree the IPO copy/paste is incredibly lazy and unprofessional.
legendary
Activity: 3808
Merit: 7912
November 10, 2014, 06:16:11 PM
The additional units will be released based on demand. There is no set schedule at this time.

 Then why does it say "Start Date 2014-11-11 12:00:00" in current and upcoming public offerings?!
AND
 Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

 This release on demand and no schedule is very odd.  Please explain.




i think if you read again they will sell tomorrow and it will end the 18th. i presume then all sold shares will be converted to amhash1. i doubt they would convert as you buy.... maybe i am wrong though.

Thanks Wink  I'm a little dense after working nights but I had the impression divs begin immediately?
Not liking the way information and erroneous cut-and-paste are trickling out rather than doing one comprehensive and informative post from an authority.  We shouldn't have to guess.
legendary
Activity: 3808
Merit: 7912
November 10, 2014, 06:09:05 PM
They will be converted manually and then in a few day we hope to have it done automatically, the same way B.EXCH works today.

Then what does this mean?

You can continue to trade and receive dividends with those units right away.

 




sr. member
Activity: 328
Merit: 250
November 10, 2014, 05:48:16 PM
They will be converted manually and then in a few day we hope to have it done automatically, the same way B.EXCH works today.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 10, 2014, 05:21:38 PM
The additional units will be released based on demand. There is no set schedule at this time.

 Then why does it say "Start Date 2014-11-11 12:00:00" in current and upcoming public offerings?!
AND
 Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

 This release on demand and no schedule is very odd.  Please explain.




i think if you read again they will sell tomorrow and it will end the 18th. i presume then all sold shares will be converted to amhash1. i doubt they would convert as you buy.... maybe i am wrong though.
legendary
Activity: 3808
Merit: 7912
November 10, 2014, 05:13:41 PM
The additional units will be released based on demand. There is no set schedule at this time.

 Then why does it say "Start Date 2014-11-11 12:00:00" in current and upcoming public offerings?!
AND
 Why are shares of AM1Hash trading for higher than .0012 BTC right now when you are about to sell the same damn thing tomorrow for .0012 BTC?!?

 This release on demand and no schedule is very odd.  Please explain.


sr. member
Activity: 328
Merit: 250
November 10, 2014, 05:04:37 PM
The additional units will be released based on demand. There is no set schedule at this time.
legendary
Activity: 1364
Merit: 1000
November 10, 2014, 03:35:50 PM
The AMHASH2 offer will be open for 7 days.


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.



Thank you

When does the sell start ?

https://www.havelockinvestments.com/fund.php?symbol=AMHASH2

Start 11/11/2014 @ 12 PM EST

Ends 11/18/2014 @ 12 PM EST

Do you have any schedule for releasing the rest of the Fund ? Until reaching the 5 Ph/s.
Like each 2 weeks ?

Thank you
legendary
Activity: 1260
Merit: 1002
November 10, 2014, 03:34:26 PM
The AMHASH2 offer will be open for 7 days.


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.



Thank you

When does the sell start ?

https://www.havelockinvestments.com/fund.php?symbol=AMHASH2

Start 11/11/2014 @ 12 PM EST

Ends 11/18/2014 @ 12 PM EST

update the AMhash2 page data instead of copy and paste from amhash1

Quote
AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total.

The Fund is divided into 5 million (5,000,000) units each of which represents 1Gigahash per second.And this IPO is set to 5 blocks,each block is 1PH(1,000,000 units). If one block is sold out,the next will start automatically.

The price of each unit is 1.25 mBTC (0.00125 BTC).
The contract starts at 00:00:00 in October 31, 2014.
The time is based on bitcointalk.org forum time.
Deployment of the 5 Peta-hash has been done and been tested for several days.




Duration for the IPO:
IPO Starting Time: 18:00, October 24, 2014(Beijing Time, GMT+8) 6:00 AM EST

IPO Closing Time: 18:00, November 4, 2014(Beijing Time, GMT+8) 6:00 AM EST

lol lazy guys. and we are suppose to trust you with our money? Tongue
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
November 10, 2014, 03:31:05 PM
The AMHASH2 offer will be open for 7 days.


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.



Thank you

When does the sell start ?

https://www.havelockinvestments.com/fund.php?symbol=AMHASH2

Start 11/11/2014 @ 12 PM EST

Ends 11/18/2014 @ 12 PM EST

update the AMhash2 page data instead of copy and paste from amhash1

Quote
AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total.

The Fund is divided into 5 million (5,000,000) units each of which represents 1Gigahash per second.And this IPO is set to 5 blocks,each block is 1PH(1,000,000 units). If one block is sold out,the next will start automatically.

The price of each unit is 1.25 mBTC (0.00125 BTC).
The contract starts at 00:00:00 in October 31, 2014.
The time is based on bitcointalk.org forum time.
Deployment of the 5 Peta-hash has been done and been tested for several days.




Duration for the IPO:
IPO Starting Time: 18:00, October 24, 2014(Beijing Time, GMT+8) 6:00 AM EST

IPO Closing Time: 18:00, November 4, 2014(Beijing Time, GMT+8) 6:00 AM EST
sr. member
Activity: 328
Merit: 250
November 10, 2014, 02:47:00 PM
The AMHASH2 offer will be open for 7 days.


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.



Thank you

When does the sell start ?

https://www.havelockinvestments.com/fund.php?symbol=AMHASH2

Start 11/11/2014 @ 12 PM EST

Ends 11/18/2014 @ 12 PM EST
legendary
Activity: 1364
Merit: 1000
November 10, 2014, 02:23:12 PM
The AMHASH2 offer will be open for 7 days.


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.



Thank you

When does the sell start ?
Jump to: