Topic: AMHash1: Cost-Effective Mining Contract - page 67. (Read 304259 times)

Friedcat is a scammer if he does not honor his promise to transfer shares upon request.

We risked our BTC to make him rich and famous.  And now he's too busy being successful to spend 5 minutes dealing with an early investor?

If Friedcat breaks his promise to confirm share transfers, I hope the Chinese Scam Police hunt him down and teach him a lesson.

As a digression, for anyone investing in DRK.

The current ROI on a 4 card 750TI PC hashing machine on Darkcoin is:

POW 62.5% mining versus Masternode deduction of 37.2% on block reward, not everything goes through masternodes, effective block reward is 3.41DRK for miners.

China 8 cent electricity and BTC price is $225

3 year breakeven on investment $870 = (Difficulty at 3520) 0.023BTC or $5.175.

Should you factor in 20% per year profit margin for the miner, yes, it is a miserly profit margin

0.0276BTC or $6.21.

These calculations won't really bite home until 2016, when old Litecoin GPU machines (to many) fail in large numbers, miners will either need to increase their selling price or quit GPU mining altogether (Darkcoins supports 60% of GPU cards mining today). The latter would monopolize DRK into miners who love hoarding DRK; who will refuse to sell their DRK on the exchanges pushing up the DRK price  

Equally, there is 7% block reduction per annum and these calculations should be adjusted each year.

Just as a comparison, if you bought a Bitman S5 today as a newbie miner.

S5 is $413
PSU is $110
Raspberry Pi $56
Postage $23

Location USA, 10 cent per a watt.
Average difficulty 12 months 47 billion
BTC average price $225 over 12 months.

ROI is 14.28 months. Block Halving is in 18 months

Older miners, may have an existing PSU (11.28 months) or existing PC/Raspbery Pi (12.85 months) or both (10.28 months).

Currently, if you pop over to Havelock and buy some AMHASH1, on these identical variables you're looking at a 7-8 month ROI.  

Units producing at 0.2watts per 1GHs are unlikely to out before June this year; you'd have made back most of your investment before difficulty rises towards 49.99 billion. Also, a lot of GPU manufacturers and CPU manufactuerers suffered 4-6 months delays when they went to 16nm fabrication (poor silicon yields equaled delays)

Additionally, (these are highly speculative estimates) because this is guessing at non-public information:

1.2watts per 1GHs 50PTHs is swtiched off, but still setup to be switiched on if BTC price rises.
1.2 watts per 1GHs 60PTHs is in locations were electricity is 9 cent per watt and switches off when difficulty passes 44 billion.

1watt per 1ghs will be switched off at a difficulty of 47.1 billion onwards. This is speculation, but about 160PTHs of this network hashpower is here.

0.7watt per 1ghs will be switched off at difficulty of 67.3 billions onwards. This stuff is quite new and there is about 80GHs of it on the network.
 
So, there are significant obstacles in place to halt rises in network difficulty

a delay by 14 days would cost them 0,28% of total payout amount

so for them its better to continue payouts if they know amhash will pay later

rule of the havelock amhash1 fund says:

Then the units will be very expensive to recover their $5 million or KCNminer will go bankrupt this year. I know they must have made net losses on their Scrypt Titans

Wrong.

If's official, it would cost $5 million to develop a 16nm ASIC Chip for SHA256 algorithm Shocked

From Marco Streng interview (CEO of Genesis Mining):

https://www.youtube.com/watch?v=8ROQZZhjY1c

Yearly, coin production value at $225 is $295,650,000

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 10 to 1 on R&D versus Profit, total manufacturing profits must be $50 million. If, profit margin on selling units is 10%, then net sales will need to be $500 million.

Modifying the formula for lower profits:

Using this formula, 10% is R&D ($5 million for 16nm), ratio of 1 to 1 on R&D versus Profit, total manufacturing profits must be $10 million. If, profit margin on selling units is 10%, then net sales will need to be $100 million.

Essentially, it is highly unlikely you will see a 16nm SHA256 mining ASIC CHIP on BITCOIN this year, because no manufacturer would expect to generate 34% net sales out net coin values when BTC price is a stably frozen

KnCMiner raises $15M led by Accel Partners and completes 16nm tape-out with TSMC

https://www.kncminer.com/news/news-124

The Dividends paid today was entered with one too many zeros.
...

I hope so that would actually be amazing lol

3. If the delay of payment happens, all unpaid payments will be accounted separately on daily basis and increase by 0.02% per day
(flat rate based on the initial unpaid payment amount, no compound rate) after three days.

Maybe Havelock paying out of their own pocket as they will get it when AMHash is ready to work

today is the 10th so why a dividend your quote doesnt help i read it before

So does that mean we will get paid daily dividends or no? I thought they were on vacation

Dear Customers,

We will pause the transaction and dividends of AMHash from 10th February to 28th February for The Spring Festival Holiday coming.And we will restart all those things in the beginning of March.

AMHash Team