The picture of your product at your website.... is just a desk computer..... explain me why mining rig need a harddisk and a DVD ROM?  We are in the process of taking pictures of our prototypes. Even though the year is 2013. taking pictures still requires weeks in some parts of the world, obviously. We have order our prototype boards and are in the process of putting prototypes together. |
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I realize that it's "possible". It just was my understanding that Ken had already stated how the rest of the shares were to be sold. Any deviation from the plan will put us right back where we were 2 weeks ago (or was it last week) when nobody trusted Ken and share price manipulation was putting everyone on edge. So, Ken if you don't mind sharing... what was with the 1 mill share move today? It is my hope that everything is on the up and up from here on out. This was just a little test to see how the market reacted to a few shares (~150,000) being sold. We are starting to spin up Avalon boards to get ready for the 20,000 chips we have on order. In the next few weeks there may be a need for increased capital. I am working hard to increase the price of AMC's shares and get the most value from the shares that AMC still holds. |
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It was my assumption that there weren't any 'off the books' trades. If all trades don't go through the market then the spot price is pointless. Why would someone purchase shares for .00083 on bitfunder if they can make a deal on the side with Ken. If this is truly going on, that's bullshit.
That being said, I'm not convinced that's what is going on. If it was, then why did the shares end back up in Ken's account.
I personally hold ~46k shares so I have more than a small interest in making sure that this company is being run in a straightforward and honest manor. I don't think it's too much to ask for an explanation from Ken.
You are right and an explanation is in order. These shares are AMC's and are in a different account for accounting and dividend purposes. Should AMC wish to sale these shares they are moved to AMC's main account. I also believe that the spot price is very important and is an indication of what price the shares should be sold at to get the most value for AMC and its shareholders. Should AMC get an investor which wants a large block of shares we could use the transfer function to move those shares after receiving the funds, these funds could be something other than bitcoins. The price for these shares would depend on a number of factors, the main one which would be, would this transaction increase shareholder value. This type of transaction is an advantage for AMC and its investors as there is no fee charged by bitfunder at this time for these transfers. I always want to maximize AMC's shareholder value and I am constantly looking for ways to do that. The spot price is the best indication of the current shareholder value and I am striving to increase that at all times. |
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Here is the ~Second 24 hours, not as lucky as the first 24.  |
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I'm curious to know if anyone's seen any sign anyone getting an order of avalon chips. AMC has what...two or three orders in the que right? The news on the chips shipping will be immensely more exciting to me than the avalons...not that I don't like the avalons.  Just received an email today from Avalon that they are shipping our sample chips. |
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when are you going to pay the dividend and how much do you think It will be
From the description: Dividends:
Dividends will be paid within 48 hours for the prior weeks profits. Reports will be posted on Bitfunder.
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BTCGuild 24 Hour earnings.  |
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Well you are coder, just make script that will make it for you I already have one. I will be creating it next week when we get ready to move Bitcoins to Bitfunder to pay the dividends. Bought a little over 20,000 shares. Best of luck to you! Have family that live in Willow Springs, MO (About an hour from Springfield). Keep us updated Thanks, I will sure will.  |
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Well you are coder, just make script that will make it for you I already have one. I will be creating it next week when we get ready to move Bitcoins to Bitfunder to pay the dividends. |
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Here is a screenshot of our First 24 hours income. This first 24 hours will most likely be a little lower then the next 24 hours. With PPLNS it takes quite a while to get the 10 shifts full and start receiving income from those shifts. From now on the shifts will be full as long as we don't have any down time. I will try and post this everyday about 5PM CDT, however I am really not good with routine kinda of things so I may miss a day or two or if I am out of town.  |
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Ken, would you be so kind as to point us to the bitcoin address receiving all the payouts from our mining operation?
I have not created one yet. I use a special program that I wrote to make the address more secure. I will be creating one before we pay dividends and I will post it here. We will be posting screen shots of AMC's BTCGuild account show the amount mined and the Total Paid Out. |
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Good guy Ken, saving on decent camera to give more return to investors. Just a lot easier with the IPhone. Anyway, here is a picture of the workers on btcguild.  Later, a picture of the first 24 hour earning on btcguild. |
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SPRINGFIELD, MO, – June 8, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have received word that AMC's technology which is undergoing a feasibility test with a Major Semiconductors Company using their tool for their 45nm and 28nm chips. The quote from the engineer on the 45nm chip "the preliminary result shows the sha256 can run at about 300Mhz" and "With the code, while running at 28nm, we are seeing performance in the range of 450MHz+". This code that is being tested is not AMC's highly optimized code due to a problem with the tools that that semiconductor company was using. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
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Spent some time in Missouri last year. It was so damn humid.
Must have been in July. |
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SPRINGFIELD, MO, – June 8, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have received word that AMC's technology which is undergoing a feasibility test with a Major Semiconductors Company using their tool for their 45nm and 28nm chips. The quote from the engineer on the 45nm chip "the preliminary result shows the sha256 can run at about 300Mhz" and "With the code, while running at 28nm, we are seeing performance in the range of 450MHz+". This code that is being tested is not AMC's highly optimized code due to a problem with the tools that that semiconductor company was using. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
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Hey Ken;
Not to nitpick but you really should stack them horizontal and keep both open ends (incoming air and outflow) away from the walls. Zhang was pretty specific about this been the way they are supposed to run during batch I shipping.
"Hey Ken" You found the anonymous Ken Slaughter? We were all wondering how you were getting on with this. Well done Minor. I knew you would find him in the end. Also, your knowledge of these units, holds no bounds. We are so gifted with your presence, Minor. Welcome home, mate. Thanks, I will change that, thanks for the heads up. Heat is not a problem in the server room as it is about 64 degrees. |
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BTC Guild Team Rankings:  |
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This is awesome news. Volume on Bitfunder is going crazy!  If we're not on PPS, why not use Bitminter and also get Namecoins for an extra 5.85% per day? Yes, I am going to do that, set up some proxies, like you suggested. I didn't expect the machines to be here today, I thought it would be monday. Since it was today, I had BTCGuild setup and I wanted to get them running/hashing. Yes, this is just the begining for AMC. |
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Current Speed.  |
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Good to see them hashing.
But why there are only 122 gh/s? I thought you have received 3 units?
They just started hashing, so the rate is just starting to go up. See the above post where I show the screenshot of the rate. |
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