I think the maintenance fee is $0.001551 not $0.00163 per GH per day
Topic: AMHash1: Cost-Effective Mining Contract - page 86. (Read 304259 times)
Amhash was quite profitable for me before diff change,you just have to be smart when buying / selling your shares...but nobody tought that btc price would fall that much so profit in btc isnt profit in fiat, i keept hodling and didnt payout....if all people would calm down and not panic selling each day,prices would be more stable.
Cloud mining era seems to be disappear soon
That's why a lot of new ponzis / hyip / investment sites appear as people start to look for other investment types. No matter if cloud mining or other investments, in the end you mostly have less coins than before as they are run away with your funds or take profit from high fees.
For the ones not familiar how AMHash calculates the dividends, here's the formula:
--
Payout calculation
Payouts are done daily.
The payout rate before fee subtraction is 25/ (difficulty * 4.295) BTC per unit per second.
The fee is 1.89*10^(-8) USD per unit per second. It will be subtracted from the pre-fee payout rate. The exchange rate is based on bitstamp.net 24h average.(=maintenance fee is $0.001551 per GH per day)
The total seconds of each payout is:
1. in the first payout, 3,600 * 24.
2. During normal payouts, the number of seconds during the most recent payout to this payout.
If there is a difficulty change between two payouts, the due payout will be calculated based on two different difficulties and their corresponding time intervals.
--
As the price started to increase approx. 20h ago, I guess they calculated with the lower price before. Where does bitstamp display the 24h average price?
--
Payout calculation
Payouts are done daily.
The payout rate before fee subtraction is 25/ (difficulty * 4.295) BTC per unit per second.
The fee is 1.89*10^(-8) USD per unit per second. It will be subtracted from the pre-fee payout rate. The exchange rate is based on bitstamp.net 24h average.(=maintenance fee is $0.001551 per GH per day)
The total seconds of each payout is:
1. in the first payout, 3,600 * 24.
2. During normal payouts, the number of seconds during the most recent payout to this payout.
If there is a difficulty change between two payouts, the due payout will be calculated based on two different difficulties and their corresponding time intervals.
--
As the price started to increase approx. 20h ago, I guess they calculated with the lower price before. Where does bitstamp display the 24h average price?
Cloud mining era seems to be disappear soon
Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
Well then, wouldn't today's payout be based on the past 24 hours, and yesterdays payout would be based on the previous 24 hours. The last 24 hours have seen lower prices than the 24 hour before that.
But the price has been higher for at least a day now. We should've seen the lowest rate with the last payment, already. But let's just wait and see what happens with the next payment tomorrow. I don't think AMHASH is scamming anyone
Bitcoin Difficulty: 43,971,662,056
Estimated Next Difficulty: 43,296,703,506 (-1.53%)
GoGoGo^^
Estimated Next Difficulty: 43,296,703,506 (-1.53%)
GoGoGo^^
Hopefully it will , high bitcoin price means lower maintenance fee and higher divs,right ?!
Yes. The best circumstances though would be an increase in price and a decrease in difficulty.
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Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
i seen that as well so i am a bit shocked, i will wait to see what tomorrow brings in the form of dividend payments. It should be higher i would assume if they running on 24 hour lag time. Well that is assuming bitcoin price dont go to like $250 by tomorrow cause they will throw off the whole thing will have to wait another day to confirm. Granted if bitcoin price went up $50 i would be happy so i would wait another day
Not really. 
BitCoin! Is made to run out of Town?
BitCoin! Is made to run out of Town?
Hopefully it will , high bitcoin price means lower maintenance fee and higher divs,right ?!
Seems legit, but for me havelock market prices are really not understandable, yesterday divs was higher and prices above 00053,today divs are lower and prices are at 00064 and higher,makes no sense, even if btc price is better today
People anticipating the price of bitcoin will continue to rise...
Seems legit, but for me havelock market prices are really not understandable, yesterday divs was higher and prices above 00053,today divs are lower and prices are at 00064 and higher,makes no sense, even if btc price is better today
Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
Well then, wouldn't today's payout be based on the past 24 hours, and yesterdays payout would be based on the previous 24 hours. The last 24 hours have seen lower prices than the 24 hour before that.
Why is today's payout lower than yesterday's? The BTC price went up in the meantime and yet the payout went down? How does that work!? I though it was derived from Bitstamp's mean daily price!
5.4TH profit 0.01BTC 
but thank you they don't shut down the machines and payment
but thank you they don't shut down the machines and payment
I have just received my payment from AMHash. Thank you, AMHash!
so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
You're correct.
1 TH/s generates roughly BTC0.01144 per day at the current difficulty, and with a maintenance fee of $1.551 an equilibrium is reached at ~$135.61.
Mining at a loss does not imply selling at a loss. [...]
...what does that even mean?
If you're mining at a loss, you're essentially "buying" Bitcoin at a higher price than you otherwise could on the market. If, for example, mining a single Bitcoin has a prime cost of $200 (energy, space, cooling, etc) and the current price per one Bitcoin is $180 on the open market, it makes more financial sense to power off the mining gear and purchase Bitcoin directly. If you choose to sell that Bitcoin you just mined, you'd end up with a loss of $20.
IF the $ stays low. A big farm has inertia. Leases, payroll, possibly other contracts. It's not like pulling the plug, then plugging back in 12 days/weeks/whatever later as it > breaks even again.
so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
1Th/s = $1.555/day earning @ current difficulty and btc = $136
[...]
Let me know if my maths isn't correct
You're correct.
1 TH/s generates roughly BTC0.01144 per day at the current difficulty, and with a maintenance fee of $1.551 an equilibrium is reached at ~$135.61.
Mining at a loss does not imply selling at a loss. [...]
...what does that even mean?
If you're mining at a loss, you're essentially "buying" Bitcoin at a higher price than you otherwise could on the market. If, for example, mining a single Bitcoin has a prime cost of $200 (energy, space, cooling, etc) and the current price per one Bitcoin is $180 on the open market, it makes more financial sense to power off the mining gear and purchase Bitcoin directly. If you choose to sell that Bitcoin you just mined, you'd end up with a loss of $20.
so doing some maths, if the avg btc gets to 136$ over 24hr period this will equal the maintenance fee
1Th/s = $1.555/day earning @ current difficulty and btc = $136
We are on track of difficulty decrease but that not going to happen for ~13 days
If I was an AM Hash holder, I would be asking myself whether I think BTC will drop below 136 and be sustained for 10 days(AMHash terms the contract)
Let me know if my maths isn't correct
1Th/s = $1.555/day earning @ current difficulty and btc = $136
We are on track of difficulty decrease but that not going to happen for ~13 days
If I was an AM Hash holder, I would be asking myself whether I think BTC will drop below 136 and be sustained for 10 days(AMHash terms the contract)
Let me know if my maths isn't correct
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