AMHash1: Cost-Effective Mining Contract - page 69.

galdur

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Quote from: ajw7989 on February 10, 2015, 08:04:29 AM

Quote from: galdur on February 10, 2015, 08:02:35 AM

Estimated Next Difficulty: 47,589,962,373 (+7.05%)

Well, this spring festival thing doesn´t seem to affect the mining over there in China. Quite the contrary actually. Or maybe the mining farms run without supervision.

Of course they are not shutting down the mining that would be lost revenue. They probably have minimal supervision just to make sure the mining is up and running but not enough to actually keep the operations in full gear.

I´m guessing that sending the bloody dividends is a whole lot less labor intensive than running the mining farms. Which seems to render this holiday excuse rather lame.

ajw7989

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Quote from: galdur on February 10, 2015, 08:02:35 AM

Estimated Next Difficulty: 47,589,962,373 (+7.05%)

Well, this spring festival thing doesn´t seem to affect the mining over there in China. Quite the contrary actually. Or maybe the mining farms run without supervision.

Of course they are not shutting down the mining that would be lost revenue. They probably have minimal supervision just to make sure the mining is up and running but not enough to actually keep the operations in full gear.

galdur

hero member

Activity: 616

Merit: 500

Estimated Next Difficulty: 47,589,962,373 (+7.05%)

Well, this spring festival thing doesn´t seem to affect the mining over there in China. Quite the contrary actually. Or maybe the mining farms run without supervision.

ligeros

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★Bitin.io★ - Instant Exchange

Quote from: skuser on February 10, 2015, 07:40:16 AM

Quote from: primeminer on February 08, 2015, 03:42:42 PM

from the email havelock sent today morning the trading will be suspended:

Quote

Announcement of The Spring Festival Holiday

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

Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com

Should I laugh or cry now if this is not a bad joke which apparently isn't https://www.havelockinvestments.com/fund.php?symbol=AMHASH1&action=getupdates

So basically if the BTC rate starts to drop down to 150 there is no way to get rid of this 'asset' until start of March and I'll be left with worthless shares? Do Chinese guys think if they have 3 weeks celebrations whole world freezes for that time?

havelock will continue to trade with AMHASH1
so at least you are able to sell your shares

Quote from: havelock on February 08, 2015, 08:08:05 PM

Havelock is NOT suspending operations of our website.

The AMHASH1 fund has issued a statement that relates to a holiday break in China.

As we get more information we will make it available through the update section of AMASHA1 ON Havelockinvestments.com

HarmonLi

sr. member

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Honest 80s business!

I think everyone is sort of depressed due to the low BTC price. Even the cloud mining service operators will be quite sad these days. They profit most from a decent price of BTC. It's just how humans are, your work suffer when you're not motivated...

skuser

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Activity: 291

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Quote from: primeminer on February 08, 2015, 03:42:42 PM

from the email havelock sent today morning the trading will be suspended:

Quote

Announcement of The Spring Festival Holiday

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

Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com

Should I laugh or cry now if this is not a bad joke which apparently isn't https://www.havelockinvestments.com/fund.php?symbol=AMHASH1&action=getupdates

So basically if the BTC rate starts to drop down to 150 there is no way to get rid of this 'asset' until start of March and I'll be left with worthless shares? Do Chinese guys think if they have 3 weeks celebrations whole world freezes for that time?

galdur

hero member

Activity: 616

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Quote from: crazyivan on February 10, 2015, 02:36:37 AM

Quote from: galdur on February 09, 2015, 11:21:17 PM

Another big diff. increase ahead ? Just hit by 7.71%. If this rate of increase of .4-.5%/day continues then the real yield of this investment is pretty much zero, at least too small to bother given the current price of the instrument.

Quote

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,349,800,331 (+6.51%)
Adjust time:   After 1932 Blocks, About 13.2 days

What, you are surprised it s extremely difficult to reach ROI with cloud mining and it takes a lot of time and smart trading to do so??

I think sometimes we forget ROI of 1-2 years is actually AWESOME in any other industry. Money does not simply fall down from the sky.

Having said this, I really think Amhash should provide some info about this dividend issue. What s with these companies and the lack of clear communication?

No, I´m not surprised it s extremely difficult to reach ROI with cloud mining for the simple reason that I´m not at all finding it extremely difficult to reach ROI with cloud mining. But then I obviously don´t invest in what has about zero % yield. This is because in my view (which for some mysterious reason is considered heresy meant for misleading newbies here) I´m lending money to these cloud mining operations. In other words I´m doing them a favour, not really the other way around. Obviously this view leads to me demanding the highest possible yield especially in such a risky and uncertain field as bitcoin is where what is being mined is constantly on the verge of collapse and with it all those units and contracts or whatever you call it. So, 1-2 years is really ridiculous in this context when you have this constant overhang.

pajaperc

newbie

Activity: 54

Merit: 0

So far, I've experienced:

Lack of communication and transparency
Poor support
Low dividends
FUD

Got tired of it all. I sold all of my shares out.

*and useless posts from thevictimofuktyranny

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: galdur on February 09, 2015, 11:21:17 PM

Another big diff. increase ahead ? Just hit by 7.71%. If this rate of increase of .4-.5%/day continues then the real yield of this investment is pretty much zero, at least too small to bother given the current price of the instrument.

Quote

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,349,800,331 (+6.51%)
Adjust time:   After 1932 Blocks, About 13.2 days

What, you are surprised it s extremely difficult to reach ROI with cloud mining and it takes a lot of time and smart trading to do so??

I think sometimes we forget ROI of 1-2 years is actually AWESOME in any other industry. Money does not simply fall down from the sky.

Having said this, I really think Amhash should provide some info about this dividend issue. What s with these companies and the lack of clear communication?

galdur

hero member

Activity: 616

Merit: 500

Another big diff. increase ahead ? Just hit by 7.71%. If this rate of increase of .4-.5%/day continues then the real yield of this investment is pretty much zero, at least too small to bother given the current price of the instrument.

Quote

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,349,800,331 (+6.51%)
Adjust time:   After 1932 Blocks, About 13.2 days

thevictimofuktyranny

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Quote from: Mabsark on February 09, 2015, 04:54:41 PM

Quote from: friedcat on October 24, 2014, 11:20:32 AM

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) s each of which represents 1Gigahash per second.

AMHash has 5 Ph/s in total. There is 2.067102 Ph/s on Havelock. They've been sold over 3 rounds. Hashie only had 0.32 Ph/s to sell and it's unknown how much they actually sold.

Quote from: amhash on December 08, 2014, 02:07:39 AM

1) How many shares did Hashie and HAVELOCK get?

A: HAVELOCK and Hashie.co are the only two platforms confirmed by us. The total hashrate of our promotion is 5PH, we sold 0.639PH on HAVELOCK and 0.32PH on Hashie.co. We will open AMHash3 on those two platforms on this 10th.

I stand corrected, happy now, mixed up THs and Ghs going into PHs Tongue

That's why you're the Hero Member Wink

Mabsark

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Quote from: friedcat on October 24, 2014, 11:20:32 AM

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) s each of which represents 1Gigahash per second.

AMHash has 5 Ph/s in total. There is 2.067102 Ph/s on Havelock. They've been sold over 3 rounds. Hashie only had 0.32 Ph/s to sell and it's unknown how much they actually sold.

Quote from: amhash on December 08, 2014, 02:07:39 AM

1) How many shares did Hashie and HAVELOCK get?

A: HAVELOCK and Hashie.co are the only two platforms confirmed by us. The total hashrate of our promotion is 5PH, we sold 0.639PH on HAVELOCK and 0.32PH on Hashie.co. We will open AMHash3 on those two platforms on this 10th.

Mabsark

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None of what you are saying makes any sense at all. AMHash has 5 Ph/s in total and hasn't even sold it all.

Mabsark

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Quote from: ?? on ??

I was doing some calculations upon some information that has been publicly disclosed Grin

Havelock received 5PTs Bitcoin Farm shares in October 2014; 60% is not available for sale on the exchange e.g. has been put aside by investors for medium term ROI Shocked

Hashie disclosed they had earned "30-40BTC" reselling AMhash up to early Jan 2015, when they got hacked and went bust.

Though the margin was meant to be 16%, for reselling of AMhash e.g. net retail price of 0.000125, Hashie increased it to 0.00014 and finally again to 0.00016 per Ghs as they saw demand outstripping supply from October to December 2014 at (BTC price was averaging $350).

The Maths indicates that another 15PTHs Bitcoin Farm was completed in October 2014 by AMhash. Therefore, AMhash net building program was in the region of 20PTHs last October.

Direct customers (1000 people), who transferred AMhash when Hashie went bust, own in the region of 12-14PThs and missing 1PTHs - 3PTHs must be owned by staff. Roll Eyes

Of course, this is entirely speculation or conjecture from the snippets of publicly disclosed information Tongue

Just stop posting, what you are saying is complete and utter nonsense.

ajw7989

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Activity: 924

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todays dividends were just paid mighy not get one for awhile now :/

ddalex

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So many questions without answers! I solded all shares

galdur

hero member

Activity: 616

Merit: 500

I wonder what´s so difficult about just announcing that accumulated dividends will be paid once they resume payouts. Trading in the dark really sucks. A simple confirmation is necessary.

thevictimofuktyranny

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Quote from: galdur on February 09, 2015, 10:47:57 AM

Feb 09 2015 - 44,455,415,962 - 7.71% - 318,224,263 GH/s

Well, that´s a new all time high. Sure hope it´ll retrace some this term.

Yeah, this site difficulty chart shows the same:

http://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart

But,look at the effect on network hashpower:

http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

You see, there was peak at 382 PTHs at 41.2 billion difficulty and network difficulty had to be shifted up to switch off older 1.2 watt mining units Shocked

galdur

hero member

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Feb 09 2015 - 44,455,415,962 - 7.71% - 318,224,263 GH/s

Well, that´s a new all time high. Sure hope it´ll retrace some this term.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: Jayjay04 on February 09, 2015, 10:11:46 AM

Quote from: HarmonLi on February 09, 2015, 09:42:52 AM

The idea that AMHASH may not pay the mined coins form that time after the holiday is over didn't even cross my mind until now. I'm a bit puzzled though, AM is supposed to be in the middle of work for the BE300 chips. How can they take a break right now?

I suppose the people doing the payouts are taking a break, at least, if it's not only 1 person (Friedcat) doing all the work Wink

But we still need answers, you can't make this kind of announcement without any details !!

Come on AMHASH, define what the break means for dividends !

Yeah I also suppose that those people in charge of AMHASH may be employees or former people from Rockminer (who bought back their shares recently). They could take a break to visit their families and friends maybe. Friedcat is known to be someone who's not taking a break and is working very much. I think he knows very well what 2 weeks can mean in the world of bringing next-generation hardware online!

Topic: AMHash1: Cost-Effective Mining Contract - page 69. (Read 304327 times)