Just answer the following please
How many shares do you hold in this company??
How much capital did the owners invest??
Suppose by the time your avalon ships you have sold 5,000,000 shares.. would you divide the divident between these 5000000 or the 40000000??
Read the description, it has all the answers. |
|
|
|
FYI it's not a "press release" if it's not released by the press. It should be called a news manipulation for marketing scheming.
FYI "Press Releases" are not from the press, but for the press. |
|
|
|
Please no more press releases like this. The next press release should be when the 6 Avalon's have been received and are up and running.
You can bet, that I will do a press release on that. |
|
|
|
I think both the representatives of VMC/AMC need to step it up and come out with more transparency and detail in regards to the company and the questions being asked by the members of this forum. More detailed responses and answers to the questions asked can only better the image of the company and the stock. I am not sure why the responses by Kenneth have been made with minimal effort. As an investor it is quite disappointing. I bought in early so i am not at a loss and if this kind of behavior continues i am ready to sell and put my money elsewhere.
Same here.. wasnt so confused in the beginning but with all these questions in mind and being left unanswered or being replied with no clear response is making this highly suspicious of a scam.. also the projections are too unrealistic to be true and are dependent on so many non reliable variables.. The projection are based on what hasing power we have on order and the bitcoinx.com profit calculator. Check here: https://bitfunder.com/asset/AMC profile->images for an image of our Avalon order. Of course the projections are based on the current difficultly and the current exchange rate. |
|
|
|
lewicki,
Then I shall apologize, my criticism have not once been out of self-interest but out of skepticism. Bashing AMC was never my intention, only questioning the legitimacy of its existence.
I have no further interest in posting in this thread until Mr. Slaughter clears the ongoing confusion about the company.
I don't know what the confusion is about the company. We are a mining cooperative which has 6 Avalon's on order and which may be shipped to us any day. We have purchase 1,150 Avalon chips which we are putting on BkkCoins boards. We have ordered 10,000 more chips from Avalon and are in the process of spinning up Avalon reference boards. We are getting ready when the funds are available to purchase another 10,000 chips from Avalon. All of these will start mining and producing income which will be paid out as dividends to the Investors. We are also working on creating our own 45nm and 28nm chips. We are working hard everyday to make AMC a winner, anyone who agrees with us should hope on board. I hope this clears up your confusion. However, I am getting so busy that I most likely will not have time to keep posting in this thread. However, I will keep everyone informed by putting timely press releases. |
|
|
|
lol a Vanautu IBC
this is actually pretty interesting since you can purchase mining equipment completely with bitcoins your IBC doesn't need a bank account I am assuming?
Maybe not, getting one anyway. |
|
|
|
That metric would be 24 hour volume (in BTC).
Was going to say, that would be the one that made sense to me, and they're not #1 for that now. No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up. How much of your recent volume is you buying AMC shares? Not much. |
|
|
|
That metric would be 24 hour volume (in BTC).
Was going to say, that would be the one that made sense to me, and they're not #1 for that now. No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up. |
|
|
|
That metric would be 24 hour volume (in BTC).
Yes |
|
|
|
now AMC went to number 1 on Bitfunder.
What metric are you measuring this by? The standard one when you bring up the bitfunder page. AMC was number 1 for about 24 hours. |
|
|
|
The way you have phrased the title is very (seemingly intentionally) misleading. You really can't claim any revenue, let alone a USD value specific down to the dollar. The title should state your projected hash power and nothing at all about revenue.
Try:
AMC Is Again Increasing its Future Hash Power: 5.651 TH/s Estimated.
Or:
AMC Orders Another Batch of Avalon Chips, Raising Future Hash Power to 5.65 TH/s.
If you want to talk about an estimated/projected future revenue in USD, you can mention that in the text rather than the title. Keep in mind that you disclaim possible changes in difficulty, but make no statement about uncertainty of the future exchange rate between BTC and USD, which directly effects your claimed revenue number. But with the way you have the title phrased, it reeks of nothing but scam.
Yes, I guess I should disclaim the current exchange rate. Nice titles. |
|
|
|
The difficulty isn't going to go down with more mining hardware. We have had difficulty increases of 500x in a year with new technologies (GPU mining), same things will happen after supply issues are resolved
This asset is pure shit. Drafted by teh guy that thinks he can mine more coins in a year than the total reward.
I am sorry you feel that way TradeFortress. You was giving me S*** a month ago, now AMC went to number 1 on Bitfunder. So it seems a lot of Investors don't think the way you do. |
|
|
|
Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.
I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.
how about you assume something modest, like 15% difficulty increase per month? How is that any better, what if something happen and the difficulty went down, nobody really know what the difficulty is going to do. Seems to me to just calculate it at what we know and make a disclosure that the difficulty may go up or may go down in the future and these are just estimates. |
|
|
|
I'm still curious about these answers  *What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares? *What would happen if the price would rally ? Would you stop selling shares ? I don't own over 40% of the shares much less over 60%. If the shares rallied, I don't know what we would do. This isnt the answer i was hoping for.. Explain your current share holding position please Second what share of investment have the founders put in?? I am sorry that it wasn't the answer you was looking for, read our description on Bitfunder it contains all of the above information. |
|
|
|
I'm still curious about these answers *What's being invested by the founders and private shareholders? How do you justify owning more than 60% percent of the shares? *What would happen if the price would rally ? Would you stop selling shares ? I don't own over 40% of the shares much less over 60%. If the shares rallied, I don't know what we would do. |
|
|
|
If and only if you would give a precise date of deployment of your claimed hash rate and the projected revenue based on the predicted difficulty at that time, your report would look more convincing. Calculating the projected profit based on today's difficulty is misleading. Bitcoin mining is a very competitive business, hardware becomes outdated in no time, your claimed 5.651TH is nothing after a few months, dare I say.
Deployment of 6 Avalon's in a couple of weeks, if Avalon ships the units soon. 68 16 chip BkkCoin boards in 4-6 weeks 10,000 Avalon chip order in 9-10 weeks Second batch of 10,000 Avalon chips 9-10 weeks after we place the order. Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be. I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate. |
|
|
|
|
SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
|
|
|
|
|
AMC Is Again Increasing Its Hash Power To 5.651 TH/s and Its Revenue To $8,681,347/Year
SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).
|
|
|
|
Someone correct me if I'm wrong
Current Difficulty: 12153411.7098
Hash rate = 60,000*6 = 360,000
BTC14.90 per day
BTC104.28 per week
BTC452.85 per month
Number of AMC shares receiving dividends: 40 million
Dividends would most likely be payed weekly. Therefore the formula to use would be:
[# of shares owned] * (BTC104.28 - [cost of electricity]) / 40,000,000
Yes, that would be close. Of course [# of shares owned] * ( BTC104.28 - [cost of electricity]) / 40,000,000 will go back into to buying more mining equipment. |
|
|
|
I'll vote for putting them up on BitMinter when they arrive: 1% fee, merged mining (BTC+NMC) and block transaction fees sharing.  Edit: And Live Stats can be seen at https://bitminter.com/livestats/big for everyone to confirm the hashrate. I will take a look at this. Looks good from your post. |
|
|
|
|
Show Posts
