AMHash1: Cost-Effective Mining Contract - page 74.

ajw7989

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Quote from: galdur on February 03, 2015, 07:24:04 AM

Quote from: Mabsark on February 03, 2015, 07:19:22 AM

Havelock has always been like that. You get used to it.

Well, it´s not like I have any reason to suspect them specifically of any chicanery. It´s more to do with the general uncertainty of this wild west BTC marketplace.

BTW, another one bites the dust. Minigpit (MINPIT), a small cloud mining operator selling there at cryptostocks, has given up on mining due to the depressed BTC price and now says is going to buy back the shares (AKA contracts, units elsewhere). At which price is still unclear. If at par I´ll be good since I purchased 100 shares last fall which are now 156 in number through re-investment of dividends.

Cryptostocks itself seems dead. The daily volume is pitiful. I pulled all my profits and bitcoin out of there a long time ago. All the stocks currently on there are either shady or have very small ROI opportunity

galdur

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Quote from: Mabsark on February 03, 2015, 07:19:22 AM

Havelock has always been like that. You get used to it.

Well, it´s not like I have any reason to suspect them specifically of any chicanery. It´s more to do with the general uncertainty of this wild west BTC marketplace.

BTW, another one bites the dust. Minigpit (MINPIT), a small cloud mining operator selling there at cryptostocks, has given up on mining due to the depressed BTC price and now says is going to buy back the shares (AKA contracts, units elsewhere). At which price is still unclear. If at par I´ll be good since I purchased 100 shares last fall which are now 156 in number through re-investment of dividends.

Mabsark

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Havelock has always been like that. You get used to it.

galdur

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Quote from: Dexter770221 on February 03, 2015, 06:29:59 AM

Quote from: galdur on February 03, 2015, 02:42:21 AM

Speaking of Havelock. Any word on when the website will be accessible ? Sure hope they haven´t caught anything suddenly terminal.

I wonder what is the reason of this "small break". It happens to often...

No idea but it makes me uneasy. But it´s back now in any event.

Dexter770221

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Quote from: galdur on February 03, 2015, 02:42:21 AM

Speaking of Havelock. Any word on when the website will be accessible ? Sure hope they haven´t caught anything suddenly terminal.

I wonder what is the reason of this "small break". It happens to often...

galdur

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Speaking of Havelock. Any word on when the website will be accessible ? Sure hope they haven´t caught anything suddenly terminal.

Icon

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that or just let them buy off havelock there is no min withdraw but an .001 fee if they can afford 20 gh/s at hashie they can do it again on havelock, problem solved.

Icon

jawitech

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Quote from: thevictimofuktyranny on February 02, 2015, 04:09:00 PM

Better this, than AMhash putting up the maintenance fee to hire extra employees to do those mBTC payouts Wink

Or much better: AMHash buys those shares back to IPO price and keep the low dividends Tongue

thevictimofuktyranny

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Quote from: jawitech on February 02, 2015, 02:19:35 PM

Quote from: thevictimofuktyranny on February 02, 2015, 01:55:43 PM

Quote from: jawitech on February 02, 2015, 12:51:35 PM

Quote from: Chris_Sabian on February 02, 2015, 12:44:53 PM

There is no way Hashie has 40,000 customers. I would be surprised if they had more than 500.

AMHash mentioned around 1,000.

Hashie has been reported:

http://cryptomining-blog.com/4108-the-hashie-cloud-mining-service-is-now-back-online/

Yes, that is 40,000 customers Shocked

OK, half of them were not on Gen 3 Amhash, but that still leaves 20,000 customers Tongue

When Hashie got hacked and had to go bust due to theft of BTC, most of it's Gen 3 customers transferred to AMhash Roll Eyes

And, a minority transferred to Havelock

Doing manual checks on up to 20,000 customers withdrawals each day is ridiculous for mBTC amounts Wink

It says they claimed to have > 40,000 customers. According to AMHash statement, they had to transfer shares from around 1,000 customers.
I guess that user counter was nothing more than the "ETA = Today + 1" on the LTCGear website to give the impression they are soooo attractive for customers.

Fair enough Grin

But, 1-2 staff doing 1000 extra (from Hashie) manual withdrawals each is still a ridiculous waste of labour when payouts are in mBTC Tongue

Better this, than AMhash putting up the maintenance fee to hire extra employees to do those mBTC payouts Wink

jawitech

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Quote from: thevictimofuktyranny on February 02, 2015, 01:55:43 PM

Quote from: jawitech on February 02, 2015, 12:51:35 PM

Quote from: Chris_Sabian on February 02, 2015, 12:44:53 PM

There is no way Hashie has 40,000 customers. I would be surprised if they had more than 500.

AMHash mentioned around 1,000.

Hashie has been reported:

http://cryptomining-blog.com/4108-the-hashie-cloud-mining-service-is-now-back-online/

Yes, that is 40,000 customers Shocked

OK, half of them were not on Gen 3 Amhash, but that still leaves 20,000 customers Tongue

When Hashie got hacked and had to go bust due to theft of BTC, most of it's Gen 3 customers transferred to AMhash Roll Eyes

And, a minority transferred to Havelock

Doing manual checks on up to 20,000 customers withdrawals each day is ridiculous for mBTC amounts Wink

It says they claimed to have > 40,000 customers. According to AMHash statement, they had to transfer shares from around 1,000 customers.
I guess that user counter was nothing more than the "ETA = Today + 1" on the LTCGear website to give the impression they are soooo attractive for customers.

thevictimofuktyranny

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Quote from: jawitech on February 02, 2015, 12:51:35 PM

Quote from: Chris_Sabian on February 02, 2015, 12:44:53 PM

There is no way Hashie has 40,000 customers. I would be surprised if they had more than 500.

AMHash mentioned around 1,000.

Hashie has been reported:

http://cryptomining-blog.com/4108-the-hashie-cloud-mining-service-is-now-back-online/

Yes, that is 40,000 customers Shocked

OK, half of them were not on Gen 3 Amhash, but that still leaves 20,000 customers Tongue

When Hashie got hacked and had to go bust due to theft of BTC, most of it's Gen 3 customers transferred to AMhash Roll Eyes

And, a minority transferred to Havelock

Doing manual checks on up to 20,000 customers withdrawals each day is ridiculous for mBTC amounts Wink

jawitech

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Quote from: Mabsark on February 02, 2015, 10:44:11 AM

The minimum purchase order at AMHash was 20 Th/s. The last dividend was for 519 Satoshis/Gh. Multiply that by 20000 and you get 0.1038 BTC which is double the 0.05 BTC minimum. Basically, you should only have a problem if you bought from Hashie and you have every right to complain if that's the case.

AMHash,
Either transfer those contracts to Havelock or reduce the minimum payout to a value that actually makes sense for your customers with the least hash power on your site. Someone with 1 Gh/s would never make enough to withdraw which essentially means you have ripped them off. AM does not need another tarnished brand, especially at this point in time, so sort it out.

Nothing more to say, good reply. People who bought just a few GH/s from Hashie probably don't want to wait months to be able to withdraw (due to low dividends).

jawitech

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Quote from: Chris_Sabian on February 02, 2015, 12:44:53 PM

There is no way Hashie has 40,000 customers. I would be surprised if they had more than 500.

AMHash mentioned around 1,000.

Chris_Sabian

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Quote from: thevictimofuktyranny on February 02, 2015, 12:25:42 PM

Quote from: HarmonLi on February 02, 2015, 12:03:24 PM

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

You have to remember Huh

AMhash is manually checking every withdrawal, to prevent hackers robbing their cloudmining website Shocked

With the transfer of up to 40,000 Hashie customers, it must have become very time consuming

People, withdrawing tiny amounts of mBTC is just overloading AMhash staff.

There are two ways to solve this: a) is to automate; this and risk hackers stealing your funds or raising Shocked

Or, b) to make minimum withdrawals higher (0.05BTC), therefore AMhash staff have a 95% reduction in how many withdrawals they have to manually authorise each day Shocked

Just think as a business would think dude, it makes sense in relation to procedure they have chosen to use for withdrawals Grin

There is no way Hashie has 40,000 customers. I would be surprised if they had more than 500.

erre

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I simply think that 0.05 is too much for a lot of people coming from hashie.

I really appreciated what you did to "save" us from hashie, but the minimum purchase there was 20 gh/s, so if you don't change your politics a lot of people will " never" see their money.

MichaelBliss

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Quote from: HarmonLi on February 02, 2015, 12:03:24 PM

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

I thought we were talking about the minimum withdrawal limit not the fee?

If it's the limit, than it doesn't affect anyone’s margins except maybe positively since fewer transfers = less paid in transaction fees.

thevictimofuktyranny

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Quote from: HarmonLi on February 02, 2015, 12:03:24 PM

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

You have to remember Huh

AMhash is manually checking every withdrawal, to prevent hackers robbing their cloudmining website Shocked

With the transfer of up to 40,000 Hashie customers, it must have become very time consuming Tongue

People, withdrawing tiny amounts of mBTC is just overloading AMhash staff.

There are two ways to solve this: a) is to automate; this and risk hackers stealing your funds or raising Shocked

Or, b) to make minimum withdrawals higher (0.05BTC), therefore AMhash staff have a 95% reduction in how many withdrawals they have to manually authorise each day Shocked

Just think as a business would think dude, it makes sense in relation to procedure they have chosen to use for withdrawals Grin

danrachita

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Quote from: MichaelBliss on February 02, 2015, 11:35:07 AM

Quote from: erre on February 01, 2015, 04:46:06 AM

Minimum withdraw setted from 0.005 to 0.01 to 0.05?

Angry

You guys make me think that I won't ever be able to see my money

.05btc = ~$11 .... less than $11 is pocket change, not an investment. As an AM shareholder, I'd be more upset if they allowed you guys to withdraw your fractions of a dollar or whatever you're looking to do.

It's a total waste of time processing stuff like that. Outside of Bitcoin fantasyland - can you imagine calling a broker to liquidate your $11 "investment"?

They are running a business and need to be efficient, so it's understandable why they wouldn't process ridiculously meaningless amounts.

To be honest, if $11 is a lot of money to you, then you have much bigger problems than AsicMiner Hash... You'll need to find food and shelter, then work on getting some work to feed yourself. Wink

j/j

Seriously, 0.05btc seems totally reasonable.

I think is not about how much every one win.
Is about right of every person to do what he want with his money when he want.Who has right to decide about that?
Where is so much work to do?
Must modify in site and win must automatically withdraw for more than 0.01 let say or even lower amount.Even can do to withdraw automatically dailly dividents in any amount.
Its our dividends and we must decide when and where to use them.
BR.

HarmonLi

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Honest 80s business!

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

MichaelBliss

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Quote from: erre on February 01, 2015, 04:46:06 AM

Minimum withdraw setted from 0.005 to 0.01 to 0.05?

Angry

You guys make me think that I won't ever be able to see my money

.05btc = ~$11 .... less than $11 is pocket change, not an investment. As an AM shareholder, I'd be more upset if they allowed you guys to withdraw your fractions of a dollar or whatever you're looking to do.

It's a total waste of time processing stuff like that. Outside of Bitcoin fantasyland - can you imagine calling a broker to liquidate your $11 "investment"?

They are running a business and need to be efficient, so it's understandable why they wouldn't process ridiculously meaningless amounts.

To be honest, if $11 is a lot of money to you, then you have much bigger problems than AsicMiner Hash... You'll need to find food and shelter, then work on getting some work to feed yourself. Wink

j/j

Seriously, 0.05btc seems totally reasonable.

Topic: AMHash1: Cost-Effective Mining Contract - page 74. (Read 304327 times)