AMC To Add Massive Amounts Of Hashing Power
SPRINGFIELD, MO, – May 26, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.
6 Avalons, plus 33 more Fast-Hash-80's to be built = Total Revenue In A Year Of $5,398,450.75 As Of Today. Take 50% To Purchase New Machines To Keep The Revenue Up As The Difficulty Increases. Capitalize the remaining revenue at 5%, Value = $53,984,507.50 So the value of income from the machines that will be built plus the Avalon's owned by the cooperative is = ~$54 Million or $1.349612687/share or 0.101497532 BTC / share Now, consider the fact that AMC will use the proceeds from the IPO to develop an ASIC for Bitcoin Mining and/or to purchase more mining equipment, you can easily see where the shares in the future could be worth quite a bit more. In addition, VMC will be paying AMC a 10% royalty on any machines it sells with AMC technology and you have a cooperative where the share price could explode to the upside. |
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AMC To Add Massive Amounts Of Hashing Power
SPRINGFIELD, MO, – May 26, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.
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Yeah back to something more constructive. AMC is the NDA specifically saying that you can't disclose the name of the semiconductor company? NDAs usually have a whitelist the information to be kept confidental. Hearing the company name and maybe even verifying that the AMC is in the talks with said semiconductor company would increase trust quite a bit and bring AMC more capital.
I am working on doing this exact thing. However, it is more proprietary information than NDA. |
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Motion 3rded. Let's move on.
Can you tell us anything about this "Major Semiconductor Company"? Who are they? What have they made before?
*disclosure I own AMC shares.
Sorry, under NDA. |
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It was so bad that it was almost as if there was a conflict of interest. As if they owned a competing security and were trying to put it down... but I digress.
Is there a due date, waiting line, or tracking# for the 6 Avalons?
No, the orders just show Processing. I will do a Press Release as soon as the order status changes. I am hoping to see a status change this next week. |
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(...) The offering price will be 0.0005 Bitcoins (...)
100 million shares at 0.0005 BTC/share - does that mean that a month-old company whose only apparent tangible assets is a non-delivered order for 6 avalon machines has a value of USD 6.6 million? No, the capitalization is the number of issues shares times the share price. This would be 40,000,000 * .0005 = $2,640,000 http://en.wikipedia.org/wiki/Market_capitalizationUnderstand. Company: established 2 months ago, assets amounting to one non-delivered order of 6 avalon machines (and some plans about future growth). Market value: USD 2.6 million. Correct? Yes, that is correct. CEO: liar and a manipulator 1) Liar because he made a public false statement that he had shares at 0.0005 when in fact he did not. He subsequently claimed it was a mistake, that he had shares there just a few minutes ago, but this is impossible to do by accident, because he added exactly one share for sale at 0.0005 upon making his statement, and would thus know exactly how many he had there, and since he had moved his ask away from 0.0005 minutes beforehand, he would also know that piece of information. Impossible to do by accident. This is verifiable by anyone with the channel logs and the bid/ask history (which unfortunately would only be bitfunder). The reason I know is because I was the only other ask at 0.0005. 2) Manipulator because he successfully sold shares above 0.0005 and then down to 0.0005 over and over again. Upon discovering this practice, we see that people are feeling tricked and cheated. What looked like an open market was being sold into repeatedly down to 0.0005 by someone with over 39 million shares to sell. This is fact and can be corroborated by the trade history and by the reduction in share counts in the assets list. So, you may argue the lie was small. You may argue that the manipulation was permitted by the contract. Both plausible positions to take. But it's not plausible to argue that Ken slaughter is trustworthy. On that basis, the asset is worthless. One thing I am sure - He spends a lot of time on the market and not development of his product, that is for sure. I don't get why people are still buying his shit, his main focus is milking every bitcoin possible from but not trying his best to benefit all his shareholders. Yes you are right, I spend a lot of time on the market, that was because my team and I was driving back from Bitcoin 2013. During the drive we were able to brain storm some great ideas which will make AMC investors a lot of money. |
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(...) The offering price will be 0.0005 Bitcoins (...)
100 million shares at 0.0005 BTC/share - does that mean that a month-old company whose only apparent tangible assets is a non-delivered order for 6 avalon machines has a value of USD 6.6 million? No, the capitalization is the number of issues shares times the share price. This would be 40,000,000 * .0005 = $2,640,000 http://en.wikipedia.org/wiki/Market_capitalizationUnderstand. Company: established 2 months ago, assets amounting to one non-delivered order of 6 avalon machines (and some plans about future growth). Market value: USD 2.6 million. Correct? Yes, that is correct. CEO: liar and a manipulator 1) Liar because he made a public false statement that he had shares at 0.0005 when in fact he did not. He subsequently claimed it was a mistake, that he had shares there just a few minutes ago, but this is impossible to do by accident, because he added exactly one share for sale at 0.0005 upon making his statement, and would thus know exactly how many he had there, and since he had moved his ask away from 0.0005 minutes beforehand, he would also know that piece of information. Impossible to do by accident. This is verifiable by anyone with the channel logs and the bid/ask history (which unfortunately would only be bitfunder). The reason I know is because I was the only other ask at 0.0005. 2) Manipulator because he successfully sold shares above 0.0005 and then down to 0.0005 over and over again. Upon discovering this practice, we see that people are feeling tricked and cheated. What looked like an open market was being sold into repeatedly down to 0.0005 by someone with over 39 million shares to sell. This is fact and can be corroborated by the trade history and by the reduction in share counts in the assets list. So, you may argue the lie was small. You may argue that the manipulation was permitted by the contract. Both plausible positions to take. But it's not plausible to argue that Ken slaughter is trustworthy. On that basis, the asset is worthless. You are right, you were trying to frame me and you did, so congratulations on your plan. You are just a speculator that got caught and now your're mad. Any LONG TERM investor in AMC will be way ahead on their investment in the LONG RUN. AMC, in its actions, were trying to raise funds to purchase more machines from VMC to make the "LONG TERM INVESTORS" more return on their investment. Also you may notice that this is a self-moderated thread, but I did not delete your comments. The reason for not deleting your post is that I believe in Freedom Of Speech; however, you must be 100% truthful in your comments. |
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(...) The offering price will be 0.0005 Bitcoins (...)
100 million shares at 0.0005 BTC/share - does that mean that a month-old company whose only apparent tangible assets is a non-delivered order for 6 avalon machines has a value of USD 6.6 million? No, the capitalization is the number of issues shares times the share price. This would be 40,000,000 * .0005 = $2,640,000 http://en.wikipedia.org/wiki/Market_capitalizationUnderstand. Company: established 2 months ago, assets amounting to one non-delivered order of 6 avalon machines (and some plans about future growth). Market value: USD 2.6 million. Correct? Yes, that is correct. |
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(...) The offering price will be 0.0005 Bitcoins (...)
100 million shares at 0.0005 BTC/share - does that mean that a month-old company whose only apparent tangible assets is a non-delivered order for 6 avalon machines has a value of USD 6.6 million? No, the capitalization is the number of issues shares times the share price. This would be 40,000,000 * .0005 = $2,640,000 http://en.wikipedia.org/wiki/Market_capitalizationUnderstand. Company: established 2 months ago, assets amounting to one non-delivered order of 6 avalon machines (and some plans about future growth). Market value: USD 2.6 million. Correct? 6 Avalons, plus 3 more to be built = Total Revenue In A Year Of $274,272.46 As Of Today. Take 50% To Purchase New Machines To Keep The Revenue Up As The Difficulty Increases. Capitalize the remaining revenue at 5%, Value = $2,742,724.60 So the value of just what the cooperative owns = ~$2.7 Million or $0.068568115/share or 0.000519455 BTC / share Now, consider the fact that AMC will use the proceeds from the IPO to develop an ASIC for Bitcoin Mining and/or to purchase more mining equipment, you can easily see where the shares in the future could be worth quite a bit more. In addition, VMC will be paying AMC a 10% royalty on any machines it sells with AMC technology and you have a cooperative where the share price could explode to the upside. |
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(...) The offering price will be 0.0005 Bitcoins (...)
100 million shares at 0.0005 BTC/share - does that mean that a month-old company whose only apparent tangible assets is a non-delivered order for 6 avalon machines has a value of USD 6.6 million? No, the capitalization is the number of issues shares times the share price. This would be 40,000,000 * .0005 = $2,640,000 http://en.wikipedia.org/wiki/Market_capitalization |
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No problem, only time will tell as they say.
If you are legitimate and not a pump and dump scheme why would you not answer those questions? You do not seem to know much about the process of how to get a chip produced so I am skeptical. From your evasion and your flip flopping on whether you actually are buying avalons (you do not have an order, yet you typed up a prospectus saying you did) gives people a lot of reason to see this as a scam. Your resistance to clearing it up just makes it more likely that there is nothing behind your words. People would have to be stupid to buy these shares on the assumption that they can dump them before everyone else does. Yes, I have 6 Avalon's on order, but you was talking about the 100 Avalon order which is not in this offering. |
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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. These are just pictures of the cases we are using in our Bitcoin miners OK, my bad ...can't to wait to see the actual product. Me too. |
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I am sorry that you can not think outside of the box. The wafers ARE almost done.
What wafers? What fab? Where did you get your mask taped and when? Sorry, to sound skeptical but what you are saying does not make sense. [/quote] No problem, only time will tell as they say. |
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Ok, now I am confused. So, now you are buying Avalon chips and your first miners will be built with Avalon chips? But, you are not buying the 100 Avalons that you have in the OP as saying will be your first miners?
Maybe you should fix the offering memo since this seems different than what I read. What are the "wafers" that you are referring to? Do you mean chips from avalon? You said a couple of posts ago that your wafers were coming but you have not even taped a mask? Do I seem confused?
I think you are reading the wrong description of the offering. VMC is building is first series of machines on Avalon's technology. VMC's second and third series of machines will be based on AMC's technology which is 45nm and 28nm chips. Sorry, I was reading your replies. That is why I asked if you typo'ed. We know what we are doing. The wafers are already almost done.
You have no wafers so the wafers are NOT already almost done. You do not have a mask. That is what you plan to develop in the future. That is what I was asking to clarify. You now are saying you have chips on order from Yifu and will build boards with his chips. Is that CORRECT? Did you order 10,000 chips from Avalon? Did you consider driving across town and trying to buy some 65nm chips from BFL to help them pay for their next wafer start? I am sorry that you can not think outside of the box. The wafers ARE almost done. |
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Ok, now I am confused. So, now you are buying Avalon chips and your first miners will be built with Avalon chips? But, you are not buying the 100 Avalons that you have in the OP as saying will be your first miners?
Maybe you should fix the offering memo since this seems different than what I read. What are the "wafers" that you are referring to? Do you mean chips from avalon? You said a couple of posts ago that your wafers were coming but you have not even taped a mask? Do I seem confused?
I think you are reading the wrong description of the offering. VMC is building its first series of machines on Avalon's technology. VMC's second and third series of machines will be based on AMC's technology which is 45nm and 28nm chips. |
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So what are you raising funds for then? No, semi company in their right mind would be wasting their time helping you design a chip to do this unless you have a team of experienced people that understand the system. The current development lead time on 45 is well over 6 months even if you had a design so you will not even have a product for 12 months. 28??? How are the wafer starts looking in 28? lots of space for you?
You just got to the point of signing the NDA? So, all this money is to develop a chip now? You have no chance of getting a wafer start. Probably best to just sticking to pumping and dumping a stock that is trading on what value???
Wow, people really have a lot of faith don't they?
We know what we are doing. The wafers are already almost done. When did you start the chip design? I thought you just signed an NDA here last week with a fab? You mean you already taped out the mask? Or are you on a shuttle? What did the fab tell you would need to show prove of funds for before they would even turn you to legal for vetting? Just prove to me that you do know what you are doing because your statement above seems strange. The design was started last year, it is proven to work. I will need the funds soon for the NRE. I will apologize if I am wrong but so many weird things happen with ASICs in your state... Did you typo then when you said you would be receiving wafers? You said you just signed the NDA. If that is true, you are 6 months away minimum at 45 and years away at 28 from taping your mask. How you getting the wafers then? Yes, my team will be receiving the wafers and then packaging them. We also have a Low-Volume production method which is a lot faster for 45nm and 28nm chips. Yes, 45nm machines delivery date of 12/31/2013 and 28nm machines of 6/30/2014. Yes, a lot of thing can happen, that is why we will have Avalon's mining soon. That is why VMC is using Avalon's chips to build their first generation of machines. All of this was designed to protect the investors investment in AMC. |
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So what are you raising funds for then? No, semi company in their right mind would be wasting their time helping you design a chip to do this unless you have a team of experienced people that understand the system. The current development lead time on 45 is well over 6 months even if you had a design so you will not even have a product for 12 months. 28??? How are the wafer starts looking in 28? lots of space for you?
You just got to the point of signing the NDA? So, all this money is to develop a chip now? You have no chance of getting a wafer start. Probably best to just sticking to pumping and dumping a stock that is trading on what value???
Wow, people really have a lot of faith don't they?
We know what we are doing. The wafers are already almost done. When did you start the chip design? I thought you just signed an NDA here last week with a fab? You mean you already taped out the mask? Or are you on a shuttle? What did the fab tell you would need to show prove of funds for before they would even turn you to legal for vetting? Just prove to me that you do know what you are doing because your statement above seems strange. The design was started last year, it is proven to work. I will need the funds soon for the NRE. |
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So what are you raising funds for then? No, semi company in their right mind would be wasting their time helping you design a chip to do this unless you have a team of experienced people that understand the system. The current development lead time on 45 is well over 6 months even if you had a design so you will not even have a product for 12 months. 28??? How are the wafer starts looking in 28? lots of space for you?
You just got to the point of signing the NDA? So, all this money is to develop a chip now? You have no chance of getting a wafer start. Probably best to just sticking to pumping and dumping a stock that is trading on what value???
Wow, people really have a lot of faith don't they?
We know what we are doing. The wafers are already almost done. |
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Just to clarify, Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund. The development/purchase fund is the remaining 60 Million shares? Is this decision taking place after the current feasibility tests have been completed? If the feasibility tests fail when will these shares be "active"? If so they have a large impact the time scale of recouping the IPO cost per share if the feasibility tests fail. Thanks for your time, Shas The research and development/purchase fund are the shares being sold now. The funds from the IPO will be used to buy machines if the ASIC can not be developed. If AMC can not develop an ASIC, then VMC will try and use other vendors of chips to build its machines. |
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Just to clarify, Should it be determined that
it is not feasible to develop an ASIC chip, then the remaining funds in the research and development/purchase
fund will be added the growth and expansion fund. The development/purchase fund is the remaining 60 Million shares? Is this decision taking place after the current feasibility tests have been completed? If the feasibility tests fail when will these shares be "active"? If so they have a large impact the time scale of recouping the IPO cost per share if the feasibility tests fail. Thanks for your time, Shas The development/purchase fund is the first 20 million shares of which the first batch is 5 million shares which are being sold now. If the current feasibility test shows that it is not feasible on this chip, there are other options which maybe feasible. None of AMC's funds are being spent on the feasibility test. |
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