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Topic: AMHash1: Cost-Effective Mining Contract - page 70. (Read 304259 times)

legendary
Activity: 1364
Merit: 1000
February 09, 2015, 10:11:46 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 !
sr. member
Activity: 350
Merit: 250
Honest 80s business!
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?
hero member
Activity: 616
Merit: 500
February 09, 2015, 09:40:45 AM
The only rational explanation is they will payout the divs accumulated during their vacation once back. In typical AM fashion they have not explained it well, but no way they would steal 2 weeks worth of divs from customers.

Yeah, that must be it.

Then now it´s just a question of pricing in that big diff.jump, speculate on what the next one´ll be and hope that BTC doesn´t crash too much.
legendary
Activity: 2128
Merit: 1119
February 09, 2015, 09:24:50 AM
The only rational explanation is they will payout the divs accumulated during their vacation once back. In typical AM fashion they have not explained it well, but no way they would steal 2 weeks worth of divs from customers.
legendary
Activity: 1092
Merit: 1004
February 09, 2015, 08:52:50 AM
Well, I could buy at this price or lower but hate to trade blindly. Is it confirmed that there will be no dividends for the remainder of the month ? Nothing accumulated to be paid when payouts resume ?

To not pay the accumulated divs would be a break of contract by amhash. I think there is a 'lost in translation', and a misunderstanding of that post. Too bad nobody from AMHash take care to explain it here.

From the industry standard: Genesis Mining cloudming service holds payment from GHs for 30 days when they are purchased via credit card (due to the chargeback risks).
hero member
Activity: 630
Merit: 500
February 09, 2015, 08:46:05 AM
Well, I could buy at this price or lower but hate to trade blindly. Is it confirmed that there will be no dividends for the remainder of the month ? Nothing accumulated to be paid when payouts resume ?

To not pay the accumulated divs would be a break of contract by amhash. I think there is a 'lost in translation', and a misunderstanding of that post. Too bad nobody from AMHash take care to explain it here.
hero member
Activity: 616
Merit: 500
February 09, 2015, 08:34:30 AM
Well, I could buy at this price or lower but hate to trade blindly. Is it confirmed that there will be no dividends for the remainder of the month ? Nothing accumulated to be paid when payouts resume ?

Now; a bloody 7-8% diff. increase will hit later today but given this Chinese holiday and of course also a BTC price constantly on the verge of collapse - I guess a substantial diff. decrease can be expected next term ??
sr. member
Activity: 378
Merit: 254
February 08, 2015, 11:08:21 PM
^
You Canucks 'r alright--almost good as us decent American white folk, far's I'm concerned.  Some of you Quebec boys make good strong hokey players, just 's long as you know your place.

A feller I came up with, pure full-blooded American, married one of your French Canadian girls, you imagine?  Now myself, I don't even treat him no worse for it.  No sir, don't make no nevermind to me who he mix with.

Merry Kwanzaa, Havelock!
sr. member
Activity: 378
Merit: 254
February 08, 2015, 08:51:52 PM
^Merry Kwanzaa, Havelock!
You go ahead and enjoy your Kwanzaa Carnival, I totally got this thing under control.
sr. member
Activity: 328
Merit: 250
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

full member
Activity: 182
Merit: 100
★Bitin.io★ - Instant Exchange
February 08, 2015, 07:12:12 PM
Announcement of The Spring Festival Holiday

Dear Customers,

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

AMHash Team

WHAT THIS MEANS???, Are we not going to get paid for 18 days?

Is this a trick to get the price of the shares down?

I hope there will be some updates
this announce is not clear
legendary
Activity: 1092
Merit: 1004
February 08, 2015, 06:35:20 PM
Someone's bought up $240 dollars worth of shares at Havelock from 0.0007998BTC up to 0.00084948BTC Shocked

I bought an extra $11 worth today.  

Tomorrow will be the last day to buy, before shares get suspended for the 2 week holiday period.
sr. member
Activity: 378
Merit: 254
February 08, 2015, 05:43:27 PM
HAVELOCK OR AMHASH, YOU NEED TO STEP IN WITH ANSWERS ASAP, THERE IS A LOT OF FUD AROUND

Happy Kwanzaa*!
From your good friends at Havelock

There's NOTHING TO WORRY ABOUT!

*Unlike the eponymous African holiday, Panamanian Kwanzaa celebrations begin on the second Monday of February, and continue until all your money runs out.
sr. member
Activity: 424
Merit: 250
February 08, 2015, 05:06:25 PM
Can you support your statement with anything other than what you think?

Havelock is a completely seperate company to AM and not based in China so trading on Havelock will be completely unaffected.


https://www.havelockinvestments.com/aboutus.php

Quote
About Us

The Panama Fund
Owner and Operator of HavelockInvestments.com

The Panama Fund is a Private Investment Company, licensed with the S.M.V, Superintendencia del Mercado de Valores (Superintendency of Securities Market). The Panama Fund has been licensed since October, 2008. The Fund is administered by a practicing Legal License Company that specializes in International Business Law in the Republic of Panama.

The Panama Fund has a new Sub-Fund within the Company's Main Fund, called the
"Bitcoin Venture Capital Fund"

This Fund will be managed exclusively through the use of Bitcoin (Crypto Digital Currency).   

Private Companies looking for Venture Capital to start or expand their current business operations will apply to be funded by the Bitcoin Venture Capital Fund.

The Panama Fund is operated by a group of licensed professionals which include:
International Corporate Lawyers
Investment Advisors
Certified Accountants
Licensed Brokers
Analysts
IT Security Experts
Bitcoin entrepreneurs that have been involved in the Bitcoin economy since 2010.

https://www.amhash.com/about.htm

Quote
AMHash, co-initiated by ASICMiner and RockMiner, is a cloud mining brand which is committed to offer the most economic, flexible, reliable and environmental mining experience by integrating mining rig production, sales and mining farm deployment through large scale and specialization.


So far you supported that what you think one  Am is from China - yes it is.

Havelock is from (sic!) Panama

But rest is what You think that it will not mean that havelock will not pay dividends...

If AMhash doesnt push payouts havelock will have nothing to pay from. That is why they said in email they will suspend dividends, the unsure is if they will suspend trading so far it looks they will
legendary
Activity: 2786
Merit: 1031
February 08, 2015, 04:45:08 PM
Can you support your statement with anything other than what you think?

Havelock is a completely seperate company to AM and not based in China so trading on Havelock will be completely unaffected.


https://www.havelockinvestments.com/aboutus.php

Quote
About Us

The Panama Fund
Owner and Operator of HavelockInvestments.com

The Panama Fund is a Private Investment Company, licensed with the S.M.V, Superintendencia del Mercado de Valores (Superintendency of Securities Market). The Panama Fund has been licensed since October, 2008. The Fund is administered by a practicing Legal License Company that specializes in International Business Law in the Republic of Panama.

The Panama Fund has a new Sub-Fund within the Company's Main Fund, called the
"Bitcoin Venture Capital Fund"

This Fund will be managed exclusively through the use of Bitcoin (Crypto Digital Currency).   

Private Companies looking for Venture Capital to start or expand their current business operations will apply to be funded by the Bitcoin Venture Capital Fund.

The Panama Fund is operated by a group of licensed professionals which include:
International Corporate Lawyers
Investment Advisors
Certified Accountants
Licensed Brokers
Analysts
IT Security Experts
Bitcoin entrepreneurs that have been involved in the Bitcoin economy since 2010.

https://www.amhash.com/about.htm

Quote
AMHash, co-initiated by ASICMiner and RockMiner, is a cloud mining brand which is committed to offer the most economic, flexible, reliable and environmental mining experience by integrating mining rig production, sales and mining farm deployment through large scale and specialization.
full member
Activity: 140
Merit: 100
Havelock robbed me 170BTC
February 08, 2015, 04:36:33 PM
HAVELOCK OR AMHASH, YOU NEED TO STEP IN WITH ANSWERS ASAP, THERE IS A LOT OF FUD AROUND
sr. member
Activity: 424
Merit: 250
February 08, 2015, 03:42:42 PM
Can you support your statement with anything other than what you think?

Havelock is a completely seperate company to AM and not based in China so trading on Havelock will be completely unaffected.



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

newbie
Activity: 31
Merit: 0
February 08, 2015, 02:03:39 PM
i want to withdraw btc but google 2fa fails what should i do

sync. your clock

i did but fail is still continue
legendary
Activity: 896
Merit: 1001
February 08, 2015, 02:01:15 PM
It sounds like payments will stop but mining will continue.

I can't imagine that one of the most reputable companies in bitcoinland would just stop paying because of a holiday.


The Bitcoin Farm was built in October 2013 with a BTC price $350, this is what staff expected to be getting in 2015 Tongue

The staff paid with AMHASH THs shares have had that part of their wages cut by 35% this year, because of the BTC price being $225 Shocked

I suppose, everyone can figure it out for themselves; why they've been given a 2 week holiday?

Do you have a source for this information or is it just FUD?

Do you know what "FUD" means Cheesy

"Fear, uncertainty and doubt (FUD) is a tactic used in sales, marketing, public relations, politics and propaganda."

I don't think you know what the term means, come back to me when you've learnt to use the correct words Cheesy

Thank you for explaining what FUD meant.  Based on that definition, your post is FUD because:

You claim that AM staff are paid in TH shares.  You claim that staff has had wages cut.  You claim that holiday is/can be a bad thing.

Where is proof or support for these statements?   Like flame1012 said, you speak like you have insider information yet offer no proof.  Hence the FUD until proven otherwise.  Smiley

Here is a list of Chinese Holidays:  https://en.wikipedia.org/wiki/Traditional_Chinese_holidays



I will give a bigger definition, clearly you did not use your brain in this response Cheesy

"FUD is generally a strategic attempt to influence perception by disseminating negative and dubious or false information. An individual firm, for example, might use FUD to invite unfavorable opinions and speculation about a competitor's product; to increase the general estimation of switching costs among current customers; or to maintain leverage over a current business partner who could potentially become a rival.

The term originated to describe disinformation tactics in the computer hardware industry[dubious – discuss] but has since been used more broadly. FUD is a manifestation of the appeal to fear."

Most of my posts do mention the word  "pure speculation or conjecture"

"Conjecture is: an opinion or conclusion formed on the basis of incomplete information"

"Speculation is: the forming of a theory or conjecture without firm evidence"

AS I SAID, YOU DO NOT KNOW HOW TO USE THE CORRECT WORDS Tongue As you can see, FUD is not "speculation" or "conjecture". If, you knew the meaning of words you would not have made a slanderous allegation about me.

I already own AMhash directly with manufacturer. I recently bought another 1ths at Havelock at 0.00097BTC per 1GHs. I have no plans to sell it at 0.00079BTC.

The main way new enterprises get staff for free or cheaply, in the last 10 years, is by offering them free shares in the company or free share in the companies products.

The main way old businesses keep staff loyal, is by giving them discounts of their products and senior staff shares in the business.

THESE ARE ESTABLISHED FACTS, FROM BUSINESS PRACTICES ACROSS THE WORLD Shocked

Therefore, AMhash staff have shares in the Bitcoin Farm, as partial payment or as a discounted purchases of the company products. Since the Bitcoin Farm was build in October 2013, it employees were expecting their shares to be earning at a Bitcoin price of $350. Therefore, they have taken a 35% cut in their expected earning from working for AMhash.

Therefore, to cheer the company staff up, the bosses have given them 2 weeks holidays. Trust me, getting nasty looks from employees is not enjoyable experience for any boss Tongue

There is no FUD here dude Tongue

You could have said, it has a fair amount of conjecture or speculation in it, but you choose to make a slanderous allegation instead. To, which, I replied to by highlighting your ignorance in word usage  Shocked Cheesy Grin



*yawn*  TL:DR  Welcome to my "ignore" list.
legendary
Activity: 896
Merit: 1001
February 08, 2015, 01:20:33 PM
It sounds like payments will stop but mining will continue.

I can't imagine that one of the most reputable companies in bitcoinland would just stop paying because of a holiday.


The Bitcoin Farm was built in October 2013 with a BTC price $350, this is what staff expected to be getting in 2015 Tongue

The staff paid with AMHASH THs shares have had that part of their wages cut by 35% this year, because of the BTC price being $225 Shocked

I suppose, everyone can figure it out for themselves; why they've been given a 2 week holiday?

Do you have a source for this information or is it just FUD?

Do you know what "FUD" means Cheesy

"Fear, uncertainty and doubt (FUD) is a tactic used in sales, marketing, public relations, politics and propaganda."

I don't think you know what the term means, come back to me when you've learnt to use the correct words Cheesy

Thank you for explaining what FUD meant.  Based on that definition, your post is FUD because:

You claim that AM staff are paid in TH shares.  You claim that staff has had wages cut.  You claim that holiday is/can be a bad thing.

Where is proof or support for these statements?   Like flame1012 said, you speak like you have insider information yet offer no proof.  Hence the FUD until proven otherwise.  Smiley

Here is a list of Chinese Holidays:  https://en.wikipedia.org/wiki/Traditional_Chinese_holidays

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