Topic: AMHash1: Cost-Effective Mining Contract - page 89. (Read 304259 times)
on a side note, why does this happen when i choose to goto bed at a normal time for a change instead of staying awake until 4-5am waiting for the madness..... lesson learned, don't sleep.
After that bitcoin love-fest in Holland
the love fest was in Amsterdam, Noord Holland, The Netherlands, Holland is not the Netherlands. I know you didn't say it was, i just thought i would mention it.....
congrats AM 
you have priced your competitors out of the cloud mining market.
you have priced your competitors out of the cloud mining market.If only it would've happened 6 months earlier...
expect market price to drift around here for the next 10 days
Quote
1. How to process the hardware when the maintenance fee equals to the mining earnings?
Will power off S2 when the maintenance fee equals to the mining earnings, and then reserve these hardware for 10 days. If the maintenance fee is back to lower than mining earnings during this reservation period of 10 days, we will power on hardware again. Otherwise, Umisoo market based on S2 will be closed permanently after the reservation period of 10 days.
Will power off S2 when the maintenance fee equals to the mining earnings, and then reserve these hardware for 10 days. If the maintenance fee is back to lower than mining earnings during this reservation period of 10 days, we will power on hardware again. Otherwise, Umisoo market based on S2 will be closed permanently after the reservation period of 10 days.
congrats AM you have priced your competitors out of the cloud mining market.
it's interesting just at the right time BTC tanks, rockminer offer a buy back of shares well above what the market price was hovering at, 0.02 and they are offering 0.05, some might think this was planned
you have priced your competitors out of the cloud mining market.it's interesting just at the right time BTC tanks, rockminer offer a buy back of shares well above what the market price was hovering at, 0.02 and they are offering 0.05, some might think this was planned
Looks like AMHash and Bit-x are the only legit cloud mining services left in the game, and bit-x is far more expensive. There KNC Cloud too, but I wouldn't really call that cloud mining, it's more hosted mining.
[ANN] Jan 14th, 2014 - Umisoo, ANTS2, & ANTS3 Hardware Powered Off
Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.
Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.
Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.
Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.
Dumps all over a Bitcoin world. AMHASH now @ 0.00045. Divs @ <300 satoshi?
At least we know, new ASIC research and development projects will be cancelled across most manufacturing companies.
Really ? I doubt that testing 216 dollars is enough for that. Maybe if the shorts tried say 180 (30 dollars above the start of funeral arrangements) next that might spur some connections to reality in the mining industry. Check those yokels out again in the youtube clip I posted.
All the manufacturers started cancelling their new Scrypt chips research projects when Litecoin went below $3.5, which was ROI on equipment just under 1 year (now the ROI on KCNminer is more like 2.3 years on scrypt). Bitcoin ($238) on the latest S5 mining chips in now 350 day ROI. You'd expect the research funding decisions to be similar on Sha256 as they were on scrypt.
All right, sounds good. Maybe that 8% diff increase was the last gasp of the bubble and it will level off or even deflate some in the coming months. At least i hope so.
At least we know, new ASIC research and development projects will be cancelled across most manufacturing companies.
Really ? I doubt that testing 216 dollars is enough for that. Maybe if the shorts tried say 180 (30 dollars above the start of funeral arrangements) next that might spur some connections to reality in the mining industry. Check those yokels out again in the youtube clip I posted.
All the manufacturers started cancelling their new Scrypt chips research projects when Litecoin went below $3.5, which was ROI on equipment just under 1 year (now the ROI on KCNminer is more like 2.3 years on scrypt). Bitcoin ($238) on the latest S5 mining chips in now 350 day ROI. You'd expect the research funding decisions to be similar on Sha256 as they were on scrypt.
Also, the really old 1ghs at 1watt mining equipment becomes uneconomic in the USA at $209 for home users.
One of older cloud mining services has shut it's mining down with this older equipment:
http://cryptomining-blog.com/4148-cex-io-temporarily-suspends-cloud-mining-services/
Cointelegraph should have had a monkey predict along with these experts and geniuses for comparison now.
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Here´s what mining experts and bitcoin geniuses were predicting in May 2014. So you can just imagine their investments since then and financial situation now.
https://www.youtube.com/watch?v=VzmzQja7a2M
https://www.youtube.com/watch?v=VzmzQja7a2M
WoW... thanks for sharing this. I really had a great laugh. I wonder what the people in the vid do if they see this now !!!
lol i wish it was at $3000 + lik some of those people thought it would be. I would take a mini vacation if that was that case maybe i would eat somewhere fancy lol
Here´s what mining experts and bitcoin geniuses were predicting in May 2014. So you can just imagine their investments since then and financial situation now.
https://www.youtube.com/watch?v=VzmzQja7a2M
https://www.youtube.com/watch?v=VzmzQja7a2M
WoW... thanks for sharing this. I really had a great laugh. I wonder what the people in the vid do if they see this now !!!
Uh, oh I was thinking maybe test 180 next week but now it seems ready to take the next plunge.
This is all too uncertain and precarious for price bidding. Market sense: Don´t bid above .0007 for the time being, for safety´s sake.
This is all too uncertain and precarious for price bidding. Market sense: Don´t bid above .0007 for the time being, for safety´s sake.
At least we know, new ASIC research and development projects will be cancelled across most manufacturing companies.
Really ? I doubt that testing 216 dollars is enough for that. Maybe if the shorts tried say 180 (30 dollars above the start of funeral arrangements) next that might spur some connections to reality in the mining industry. Check those yokels out again in the youtube clip I posted.
At least we know, new ASIC research and development projects will be cancelled across most manufacturing companies.
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Activity: 672
Merit: 500
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come on amhash we will start doing cpr bring you back to 1000 dividends per day per share lol. You can do it just keep thinking that and might come true 
Unfortunately traders use morons like these as counter-indicators. After that bitcoin love-fest in Holland there in May BTC did have a considerable bounce but short sellers soon took control and here we are now.
Here´s what mining experts and bitcoin geniuses were predicting in May 2014. So you can just imagine their investments since then and financial situation now.
https://www.youtube.com/watch?v=VzmzQja7a2M
https://www.youtube.com/watch?v=VzmzQja7a2M
hash rate seems to have dropped off quite a bit. 
Maybe that drop to 216 was it ? shook someone up. The more BTC tanks the less profitable mining becomes until at some point these big mining concerns close shop. At least I would assume so. But you never know in this crazy bitcoin world. Maybe they got the message and will level off this insane hashrate increase we have seen and preferably turn it down for a couple months at least. If they didn´t get a clue I recommend trying $170-180 next.
They are sitting on all these equipment, which is sunk cost; unless they resell it and terminate their leases, they'll switch on the mining equipment as long as the $/hash exceed price of electricity.
hash rate seems to have dropped off quite a bit.
Maybe that drop to 216 was it ? shook someone up. The more BTC tanks the less profitable mining becomes until at some point these big mining concerns close shop. At least I would assume so. But you never know in this crazy bitcoin world. Maybe they got the message and will level off this insane hashrate increase we have seen and preferably turn it down for a couple months at least. If they didn´t get a clue I recommend trying $170-180 next.
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