Looking forward to the announcement. Good luck for tomorrow, let's hope it's something good.
Not tomorrow, Thursday!  Im in Australia, tomorrow IS Thursday  in Australia, the world is also upside-down. Well, just for you it will be Friday.  |
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Looking forward to the announcement. Good luck for tomorrow, let's hope it's something good.
Not tomorrow, Thursday! |
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So I checked the share price as usual during the day, it held around 0.00088 at 5pm UK time... then I go have a nice dinner out with my work mates and casually check the price as I'm walking home. I literally had to double take when I saw how much it had gone up by. Almost seems too good to be true! I had actually sold half of my assests earlier in the week meaning to put them somewhere else, but decided in the end to buy back the AMC shares only yesterday... good thing I did it when I did.
Forgetting shareprice for a moment though, I'm more curious about how chip production is getting along. I'll be checking this thread on Thursday for more good news!
Good Move! |
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Speaking of btct can you fix the spelling error grammar nazi  SPRINGFIELD, MO, – June 24, 2013 – Active Mining Corporation (AMC) is announcing today that there will be a join announcement on this coming Thursday June 27, 2013 from AMC and Virtual Mining Corporation (VMC) concerting recent developments in their Researh and Development program. AMC is in the process of being listed on BTCTC as AMC-PT. Active Mining Corporation is a Belize International Business Company DBA Active Mining Cooperative (AMC). Sorry, but there is noway to edit the post. |
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Compiled list of posts of kslaughter concerning the upcoming news: | 6/16/2013 | We will have the prototype build[sic] in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested. We will be posting pictures of the prototype when we receive it. | | 6/16/2013 | Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you. Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield. His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person. He has offered to help us set up our manufacturing line. | | 6/16/2013 | Our prototype is in the process of being build[sic]. The estimate on the time to get it completed is three weeks. The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment.
How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications. What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases. So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s
Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit. Each card will be 75 GH/s. These specification are subject to change as we are still working on our 45nm and 28nm chips.
The plan for the 45nm and or 28nm chip is to build the card about and an even fast[sic] card with the 28nm chip. | | 6/18/2013 | ...our future series will have a motherboard and you will be able to mine LTC with the CPU on those units. | | 6/18/2013 | I have been busy getting our own chip going. | | 6/18/2013 | We are waiting on some results for our own chip before we would make a decision on BFL chips. | | 6/20/2013 | The news we have received is still unfolding and may take a few more days before it is released. | | 6/20/2013 | Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order. 3) to increase the hashing rate of the cooperative by purchasing more chips. | | 6/22/2013 | by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design. We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with. These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days. So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with. This a very big advantage for AMC and was the plan from the beginning.
Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball. | | 6/22/2013 | News is coming soon! | | 6/23/2013 | Not yet, hold on to your horses. |
It looks like AMC has an Avalon protoype being wrapped up in the next week or two, and news about AMC's own proprietary chip is being released this upcoming thursday. This along with 5 million shares being sold on BTC-TC after approval tells me that we will be moving forward with AMC's chip design since: Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order. 3) to increase the hashing rate of the cooperative by purchasing more chips.
We have a few weeks ahead of us that will be very interesting. If we make it through August alive, look out. @lewicki You are very sharp! |
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VMC and AMC will be making a joint announcement this coming Thursday about
their Research And Development.
Timer removed. End time: 2013-06-27+18:00:00
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While it would be nice to have AMC listed on btct.co, I won't be surprised if it takes a long time to get approved or even doesn't.
Allowing anonymous moderator votes is as transparent as someone judging you while you wait outside the court. You never know what's coming and what are their true motives.
Every moderator should also be required to comment on their vote.
Yes, It is just like when Ukto required AMC to do a poll here in the forums. |
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And the price to book for AMC is still 35. Well over 10 times ASICMINER right now.
@Entropy-Uc Have you ever disclosed that AMC is your competitor, because you are a miner yourself. LOL. Yes, you are a terrifying competitor to me. Because as you say, I have mining hardware. In fact I hold a deep hatred for anyone with a GPU and a copy of cgminer. Get a grip on reality. Your business is selling shares to suckers. I don't sell shares to suckers. So I am not your competitor. I do have more hashpower than you and your 'company' on order, all of it paid for with profits from bitcoin mining. And it does disgust me the way people like you rip off newbies to bitcoin. And I worry that this kind of scamming, much like the more blatant ripoffs that are endemic here will damage the long term value of bitcoin. That is my stake in the argument. By the way. Nice try to change the topic from your lie that there are only 40 Million shares in AMC. Your stake, since you are a miner is to try and keep AMC down, so that your hashing rate will make you more bitcoins. You have said this in your post before and I will paraphrase "Mining is a zero sum game you have to take it away from some other miner to make it yourself". So that is your stake in attacking AMC. AMC is building a very large mining farm and you want to do everything you can to stop what we are doing. It has nothing to do with you trying to protect newbies and everything to do with protecting your mining income. Yes, you are a competitor AMC mines bitcoins you mine bitcoins, very simple. That is the truth, there are only 40 Million Issued shares of AMC. Just look at the image posted in this thread. |
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Here is my calculation of the Price To Book value of AMC
5.651 TH/s future hashing starting by August 31, 2013 at 40,000,000 Difficulty (Over 2X the current difficulty) by that time would generate $1,458,007.07 in eight months, the time left for the 40,000,000 Million shares to receive 100% of the dividends. Now, take 50% of that revenue stream and reinvested that back in mining to keep the revenue stream up with the rise of the difficulty for the next 8 months. Now, the revenue stream after the 50% reductions would be $729,003.535. Now, lets convert that to BTC at the conversion rate used in the profit calculation which was $104.87 so that is 6951.497425384 BTC. Now, lets calculate the Price To Book Value which would be (40,000,000 * .0008) / 6951.497425384 = 4.603324729 Price To Book Value, which makes AMC at this point a great value.
Of course, Bitcoinx.com "Extrapolating bitcoin difficulty or price is pure voodoo", but above we have tried to take a stab at something that just might be close. This does give us some idea of what the value of AMC is at this point in time.
Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative and
is a wholly owned subsidiary of Virtual Mining Corporation (VMC) a Delaware Corporation.
You are talking about earnings, and in an incredibly disingenuous way.
Book Value is the value of the assets owned by a company. That is your 6 Avalons, and the orders you have for Avalon chips - although it's not clear what is owned by VMC your company versus AMC the shell company you are selling shares in. The Avalons I priced at 3 BTC / GH/s which is about 50% higher than Avalons are selling for at auction today. I also attributed a generous valuation to the chips on order at the cost of hashpower when they would be ready, rather than the purchase price of the chips. Still I get a price to book of 35. Hardly the 2 that ASICMINER sold at when they were raising funds, and certainly in no way comparable to the ~3 they are valued at today. I wonder why you keep comparing yourself to Friedcat? You are exactly right about Book Value, however in the Bitcoin world Book Value really does mean anything. Where can you buy anything for $4,500 which is what the 3 Avalon's AMC has hashing now cost and get ~$4,500 a week for that asset which is what the Avalon's are making at this time. So, I used the income stream over the next 8 months as the value of the asset, makes a lot more since in the world of Bitcoin than what you tried to prove with you high Price To Book Value example. |
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(...)
AMC - Price: 100 000 000 * 0.0008 = 80000 BTC. Book value (6 Avalons at 70 GH/s + 5 TH/s of future hashing) 2260 BTC. Price to book 35
It should be obvious why these securities are beneficial only to their issuers, and why listings for BFMINES and AMC on BTCT.co should be rejected.
There is a difference between outstanding shares and authorized shares. I would suggest you looking into it before writing these shiny pearls of information...  You are nothing but a useful idiot for Ken. Ken has issued 100 Million shares. He controls 60 million of these shares. 20 million of those are a vehicle for retained earnings. They are still outstanding shares. And the price to book for AMC is still 35. Well over 10 times ASICMINER right now. There are only 40 Million Issued shares. See the proof below: From your asset profile on Bitfunder: 1 share of AMC on BitFunder represents 1/100,000,000th of 100% of the monthly profits after all expenses.
AMC shares offer no voting rights. Shares of AMC on BitFunder do not represent real world shares of the
company. The shares are solely a distribution mechanism for rights to profits.
20,000,000 shares will be retained by AMC to maintain a growth and expansion fund.
As of the time of this writing, up to 40,000,000 will be released over time to the public on a varying
time scale as capital is required to complete the project. Any remaining shares not included in the
IPO are owned/maintained/controlled by AMC. These shares will be used at the issuers discretion
for any uses deemed fit. These uses are not limited to, but may include employment.
1 share is one 100 millionth of AMC. And AMC's assets are worth less than 1/35th of the share price. Plus as you specifically state, "As long as AMC does not sell it's shares below 0.0005 then they may do as they please with their shares. It is their company, their ownership, and their shares." So you can fuck your shareholders any way you want, if you ever decide that a 3500% mark up wasn't enough. SDICE shareholders are learning all about that experience right now. @Entropy-Uc Have you ever disclosed that AMC is your competitor, because you are a miner yourself. |
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Here is my calculation of the Price To Book value of AMC
5.651 TH/s future hashing starting by August 31, 2013 at 40,000,000 Difficulty (Over 2X the current difficulty) by that time would generate $1,458,007.07 in eight months, the time left for the 40,000,000 Million shares to receive 100% of the dividends. Now, take 50% of that revenue stream and reinvested that back in mining to keep the revenue stream up with the rise of the difficulty for the next 8 months. Now, the revenue stream after the 50% reductions would be $729,003.535. Now, lets convert that to BTC at the conversion rate used in the profit calculation which was $104.87 so that is 6951.497425384 BTC. Now, lets calculate the Price To Book Value which would be (40,000,000 * .0008) / 6951.497425384 = 4.603324729 Price To Book Value, which makes AMC at this point a great value.
Of course, Bitcoinx.com "Extrapolating bitcoin difficulty or price is pure voodoo", but above we have tried to take a stab at something that just might be close. This does give us some idea of what the value of AMC is at this point in time.
Kenneth E. Slaughter, CEO/CTO
Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756
Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative and
is a wholly owned subsidiary of Virtual Mining Corporation (VMC) a Delaware Corporation.
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(...)
AMC - Price: 100 000 000 * 0.0008 = 80000 BTC. Book value (6 Avalons at 70 GH/s + 5 TH/s of future hashing) 2260 BTC. Price to book 35
It should be obvious why these securities are beneficial only to their issuers, and why listings for BFMINES and AMC on BTCT.co should be rejected.
There is a difference between outstanding shares and authorized shares. I would suggest you looking into it before writing these shiny pearls of information... You are nothing but a useful idiot for Ken. Ken has issued 100 Million shares. He controls 60 million of these shares. 20 million of those are a vehicle for retained earnings. They are still outstanding shares. And the price to book for AMC is still 35. Well over 10 times ASICMINER right now. There are only 40 Million Issued shares. See the proof below:  |
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If this gets approved on BTCT, what do you plan the IPO price to be?
Will be announced later. |
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I think it will get approved but curious what the IPO price is as well glad to see another exchange possibly
News is coming. |
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Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?
https://btct.co/securityI don't see it on the securities list. Am i missing something? It is getting voted on, Please lobby anyone that can vote for our approval. I found it. So how does this work? It is a PT from the Bitfunder security? Yes, it is a PT from bitfunder |
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Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?
https://btct.co/securityI don't see it on the securities list. Am i missing something? It is getting voted on, Please lobby anyone that can vote for our approval. |
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Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?
VMC has spun off AMC as its own corporation: Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative All contract between the VMC's business unit (AMC) and the new corporation have been assumed by the new corporation. In no way does this affect shareholders in the cooperative. Yes this is our new office address: Active Mining Corporation 95 Wilton Road Suite 3 London SW1V 1BZ United Kingdom Fax: +44 (0)20 3004 1756 DBA Active Mining Cooperative (AMC) Yes, that is our listing on BTC-TC. If you know anyone that can vote on our approval at BTC-TC please lobby them. |
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is there any update on the hardware you're making? Or is this a mining only now?
News is coming soon! Update please~ Not yet, hold on to your horses. |
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Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?
VMC has spun off AMC as its own corporation: Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative All contract between the VMC's business unit (AMC) and the new corporation have been assumed by the new corporation. In no way does this affect shareholders in the cooperative. Yes this is our new office address: Active Mining Corporation 95 Wilton Road Suite 3 London SW1V 1BZ United Kingdom Fax: +44 (0)20 3004 1756 DBA Active Mining Cooperative (AMC) Yes, that is our listing on BTC-TC. |
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As long as they don't melt! @Vbs My exact thinking. |
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