Question about AM shares | Bitcointalksearch.org

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

An idea that has been tossed around has been to put mini miners in cell phones
Save people some phone fees and contribute to the block-chain may be tiny amounts of cash but it would be interesting

ASIC is a blue chip 100 million dollar company that doesn't have a website Cool

Just a fan based facebook page ha-ha

It sounds like a good goal stay around here long enough and you start thinking of all these possibilities ^_^
If we can equip it to phone for free and mine bwahahaha

chino517

newbie

Activity: 14

Merit: 0

yeah, i've lurked for a while figure its time to actually speak up a bit.

Thats so many sales though o.O

I'm trying to get involved in bitcoin/mining and would love to eventually make a device that is extremely simplified for users-- no background needed at all. People who dont know what bitcoin even is can use it.

It has algorithms built in so it only mines assuming it is profitable, and an API that automatically pays your electricity bill.

Marketing:

Plug in this machine, it pays your electricity bill

would make the market way larger, but obviously it wouldn't be able to guarantee anything

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

It depends on the week Cool

You can determine the mining dividends, however unit sales will depend on how many were purchased that week and if they are producing.
Right now its just USB sticks and mining so it's not much higher than the mining would recommend watching the AM thread once you get out of newbie jail as it usually keeps up to date with the newest information Wink

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

chino517

newbie

Activity: 14

Merit: 0

.03-.0126 = .0174*400000 = 6960 Bitcoins

Are they selling 6960 BTC/ week worth of hardware?

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

They also sell mining units which adds to the dividend when sold

chino517

newbie

Activity: 14

Merit: 0

How is the weekly dividend paid out?

I've been seeing dividends of .03 BTC / week, and am confused to how they are that high.

Assuming that asicminer has 20% of the total network hashing power, they would be mining approximately 20% of all blocks.

(0.2)*(6 blocks per hour)*(24 hours per day)*(7 days per week)*(25 BTC per block) = 5040 Bitcoins per week

5040 Bitcoins / 400000 Total Shares ==> Dividend = .0126
5040 Bitcoins / 163962 Public Shares ==> Dividend = .0307

Does this mean that the shares owned by friedcat aren't earning at BTC?

Topic: Question about AM shares (Read 504 times)