ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 131.

RoadStress

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Quote from: superduh on November 17, 2014, 05:08:39 PM

Quote from: RoadStress on November 17, 2014, 05:07:00 PM

Quote from: bones on November 17, 2014, 03:36:13 PM

It was said at the outset of the venture, that monies taken would be used to produce more miners, not paid out in divs.

And this can't be an infinite loop because...?

i know paid shills against bitcoins, but who pays you - there is someone paying you 100% certain

Satoshi!

Now really...FC is allowing me to exist. Without him I am nothing.

superduh

hero member

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Quote from: RoadStress on November 17, 2014, 05:07:00 PM

Quote from: bones on November 17, 2014, 03:36:13 PM

It was said at the outset of the venture, that monies taken would be used to produce more miners, not paid out in divs.

And this can't be an infinite loop because...?

i know paid shills against bitcoins, but who pays you - there is someone paying you 100% certain

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: bones on November 17, 2014, 03:36:13 PM

It was said at the outset of the venture, that monies taken would be used to produce more miners, not paid out in divs.

And this can't be an infinite loop because...?

bones

sr. member

Activity: 248

Merit: 250

It was said at the outset of the venture, that monies taken would be used to produce more miners, not paid out in divs.

Quote from: NotLambchop on November 17, 2014, 02:50:20 PM

Quote from: Mabsark on November 17, 2014, 12:44:34 PM

Quote from: benm on November 17, 2014, 12:35:21 PM

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

You'll believe what? That AMHash is simply an ASICMiner service?

Quote from: friedcat on October 24, 2014, 11:20:32 AM

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner, the management is provided by
RockMiner, and the platform is provided by HavelockInvestments.
...
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

So... Where the divs at?

NotLambchop

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Quote from: Mabsark on November 17, 2014, 12:44:34 PM

Quote from: benm on November 17, 2014, 12:35:21 PM

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

You'll believe what? That AMHash is simply an ASICMiner service?

Quote from: friedcat on October 24, 2014, 11:20:32 AM

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner, the management is provided by
RockMiner, and the platform is provided by HavelockInvestments.
...
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

So... Where the divs at?

Gws24

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Quote from: Chris_Sabian on November 17, 2014, 01:14:13 PM

From AMHash thread:

Quote from: amhash on November 06, 2014, 01:28:56 AM

Update

1. We released our mining addresses days ago:

1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

2.We also made video proof of our account:

http://amhash.com/

We only supply true hashrate!!!

Interesting to see the btc received per day for those adresses:

So mining stopped around march/april and that correlates to the last div which was the 30th of march.

Also, just like FC stated mining had begun again in august:

the third address started mining in september:

EDIT: all 3 addresses combined recieved a total of ~7105 BTC since mining began again in august. (whether or not that is all from mining or also from franchise payments etc would require more analysis)

Chris_Sabian

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Quote from: Puppet on November 17, 2014, 12:55:00 PM

Quote from: benm on November 17, 2014, 12:35:21 PM

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Id like to see the amhash ID too. Supposedly they are mining on ghash.io, see the chart halfway on their homepage:
http://www.amhash.com/

Im assuming thats not a fake chart, but would like to verify.

That doesnt say much about the relationship with AM though. Its clear as mud as to who is taking the mining risk (and reaping the rewards).

From AMHash thread:

Quote from: amhash on November 06, 2014, 01:28:56 AM

Update

1. We released our mining addresses days ago:

1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

2.We also made video proof of our account:

http://amhash.com/

We only supply true hashrate!!!

Puppet

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Quote from: benm on November 17, 2014, 12:35:21 PM

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Id like to see the amhash ID too. Supposedly they are mining on ghash.io, see the chart halfway on their homepage:
http://www.amhash.com/

Im assuming thats not a fake chart, but would like to verify.

That doesnt say much about the relationship with AM though. Its clear as mud as to who is taking the mining risk (and reaping the rewards).

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: benm on November 17, 2014, 12:35:21 PM

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

You'll believe what? That AMHash is simply an ASICMiner service?

Quote from: friedcat on October 24, 2014, 11:20:32 AM

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner, the management is provided by
RockMiner, and the platform is provided by HavelockInvestments.
...
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

benm

newbie

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Quote from: Mabsark on November 17, 2014, 11:59:42 AM

Quote from: webbrowser on November 17, 2014, 09:36:34 AM

No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

What you just said is completely wrong. AMHash is a 5 Ph/s mine created by AM using AM hardware. AMHash is simply a service of AM just like the Prisma is a product of AM. The profit from selling AMHash units are not distributed as dividends to AMHash holders at all. That profit goes to AM. What gets distributed as dividends to AMHash holders is the proceeds form mining, just like someone who bought a miner would get BTC from mining. As for the units that don't sell, they mine for AM, because it's an AM service.

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Mabsark

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Activity: 826

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Quote from: webbrowser on November 17, 2014, 09:36:34 AM

No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

What you just said is completely wrong. AMHash is a 5 Ph/s mine created by AM using AM hardware. AMHash is simply a service of AM just like the Prisma is a product of AM. The profit from selling AMHash units are not distributed as dividends to AMHash holders at all. That profit goes to AM. What gets distributed as dividends to AMHash holders is the proceeds form mining, just like someone who bought a miner would get BTC from mining. As for the units that don't sell, they mine for AM, because it's an AM service.

webbrowser

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No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

NotLambchop

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Activity: 378

Merit: 254

Quote from: bones on November 16, 2014, 09:10:59 PM

Quote from: NotLambchop on November 16, 2014, 10:33:50 AM

Quote from: Mabsark on November 16, 2014, 10:26:55 AM

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners. Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

You do not need to sell yourself miners, are you confused?

Apparently. Are AsicMiner and AMHash one and the same?

ujka

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Quote from: Blazed on November 16, 2014, 11:17:34 PM

Quote from: ajw7989 on November 16, 2014, 10:52:32 PM

Quote from: bobboooiie on November 16, 2014, 12:36:03 PM

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

I bet it still does not make you a profit though Tongue

You are saying that amhash must make profit after 15 days?
If he is a small investor/speculator (<5000 shares on that thin havelock market) amhash made him a profit (ipo: 0.00125; paid divs so far: 0.00014467; selling above 0.00110533 still makes a profit)

Blazed

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Activity: 2128

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Quote from: ajw7989 on November 16, 2014, 10:52:32 PM

Quote from: bobboooiie on November 16, 2014, 12:36:03 PM

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

I bet it still does not make you a profit though Tongue

ajw7989

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Quote from: bobboooiie on November 16, 2014, 12:36:03 PM

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

romerun

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Activity: 1078

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Bitcoin is new, makes sense to hodl.

well, we can just wait for AM to be listed in wallst or china wallst, it's unavoidable, if bitcoin is to be as big as we hope for.

Coinbase, Blockchain.info, whatnot can go to wallst first, then bitcoin etf will follow. And hopefully miner companies like us can be there too.

Gws24

hero member

Activity: 537

Merit: 524

Quote from: Blazed on November 16, 2014, 06:25:57 PM

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

That thread is cringeworthy! Horrible gear indeed and to top it of virtually no support from AM for buyers. Main support is provided by other users because AM can't seem to be bothered.

As I said earlier in this thread they really need to improve this aspect of their business or forget about selling to consumers ever again!

bones

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Merit: 250

Quote from: NotLambchop on November 16, 2014, 10:33:50 AM

Quote from: Mabsark on November 16, 2014, 10:26:55 AM

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners. Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

You do not need to sell yourself miners, are you confused?

Blazed

legendary

Activity: 2128

Merit: 1119

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

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