Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 109. (Read 3917058 times)

Not as harsh as for those who bought 12 months ago.

anyone want to do the math on what a GH would cost and the electricity rate on each

It looks like 1 year of hosting is included in their price, and the price of electricity is locked. You will be able to sell the miners at any time which can and will greatly affect your potential ROI verses this in which you do not actually own the miners

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

plus you have to pay for the electricity/hosting area once you have them

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

Onwards and Upwards

https://bitcointalksearch.org/topic/m.9868520

The 6-chip board works.

This company's rating has been updated in the Manufacturer Trustworthiness thread.

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Regarding Bitfury:
https://bitcointalksearch.org/topic/the-official-information-resource-for-bitfury-group-896350

bit-x.com ??

GH55 - old gen 55nm miners

Yes, this could be true.



Agree, especially if by highly we understand profitability of early 2013. Currently, in general, expecting high returns on mining investments is a pure, difficult to justify, gamble.
AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

I do not think Bitfury has to be externally funded, but it is a smart move for sure (why risk your own capital?). I also do not think Bitfury will bankrupt AM either, but they will make it a lot less profitable. Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion). I really doubt anyone investing will ever see great returns moving forward. The mining market is just not hugely profitable anymore for manufactures. The move to cloud mining was a good one for sure...seems they are finally selling a decent amount of AMHash these days. I think AM should stick to what they can handle -> Bulk chips and this could mining setup (avoid selling miners to end users completely).

I want to share some thoughts on funding and the danger represented by Bitfury.

First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it.

Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting  is the inability of Bitfury to fund itself internally. If history repeats (rhymes  ) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must

a) stay cost effective
b) be innovative (gen4 success seems to be 'a must')
c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt.

If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us. 
 

they should make it more transparent for people like a que or something....so you know if your transfer is pending or when it supposed to go thru

Can you notify us when a batch of share transfers go through? I initiated a transfer following those instructions about two weeks ago... I'm not sure if I should just be hitting refresh on Havelock to find out, or whether there will be an email notice or what.

Please submit again following the instructions @:

https://www.havelockinvestments.com/fund.php?symbol=AM1

Were your shares confirmed in the dividend recently?

Hi guys

Can anyone help, I requested a transfer of my direct AM shares to havelock at the back end of October and still nothing in my Havelock account

Anyone else had the same problem and what can I do to resolve it

Many thanks

Anyone planning on buying/selling on Havelock should also know you can manipulate that bot pretty easily and close the spread down to 3-5% since it will over/under bid you so it can be the market maker. Buy side seems to update its order every minute, ask side reacts to changes in the order book pretty quickly.

For example, the current bid is 0.12, but you could probably sell into the bot at around 0.125 -.128.

At this moment in time, all we know regarding AM's financial position is the following: