Have you confirmation of your 100 Avalons yet?
That is not part of this offering, due the unpredictably of Avalon. |
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AMC is a hybrid Bitcoin mining and development cooperative describing itself as "the next big mining cooperative" is releasing today an offering to early-adopters of Five million (5,000,000) BitFunder virtual shares and issuing another twenty million (20,000,000) BitFunder virtual shares which will be used for the growth and expansion fund, which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005 BTC per share and 12 months have elapsed since the initial offering. The Cooperative is hoping to raise up to 2,500 Bitcoins. The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share. If demand is strong enough then share prices may increase throughout the IPO.
If the IPO of the first 20 000 000 shares is stlll ongoing, why aren't they priced at 0.0005 as per the initial offering? AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC each and will also issue 20,000,000 growth and expansion fund shares to AMC. The "Early-Adopter" shares may be posted in batches with the first batch being 5,000,000 shares. Only the first 40,000,000 issued shares will receive 100% of the monthly profits after all expenses until the total dividends paid is equal to .0005 BTC per share. AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and 20,000,000 AMC growth and expansion fund shares) until the total dividends paid is equal to 0.0005 BTC per share and 12 months have elaped from the date of the initial offering. 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. Additional shares may be sold at no less than .001 BTC each. I agree that you appear to have followed the letter of the contract. But you grossly violated the spirit of it by selling at greater than 0.0005 and then selling more at 0.0005, repeating this pattern to great effect. It means that everything else in your contract has to be scrutinized differently. Suddenly, the "best interests of AMC" become far muddier of a concept. It means that if it isn't exactly spelled out, we need to expect that you will screw us over. You are right, wasn't trying to screw anyone over, was just trying to sell some shares. I will work on building the price back up so that investors will not get screwed. |
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AMC is a hybrid Bitcoin mining and development cooperative describing itself as "the next big mining cooperative" is releasing today an offering to early-adopters of Five million (5,000,000) BitFunder virtual shares and issuing another twenty million (20,000,000) BitFunder virtual shares which will be used for the growth and expansion fund, which will receive a total of 100% of the company's virtual-currency profits after all expenses until the total dividends paid is equal to the offering price of .0005 BTC per share and 12 months have elapsed since the initial offering. The Cooperative is hoping to raise up to 2,500 Bitcoins. The offering price will be 0.0005 Bitcoins for the first 20,000,000 early-adopter shares thereafter the price will be .001 BTC per share. If demand is strong enough then share prices may increase throughout the IPO.
If the IPO of the first 20 000 000 shares is stlll ongoing, why aren't they priced at 0.0005 as per the initial offering? AMC may issue up to 20,000,000 "Early-Adopters" shares which may be posted for no less than 0.0005 BTC each and will also issue 20,000,000 growth and expansion fund shares to AMC. The "Early-Adopter" shares may be posted in batches with the first batch being 5,000,000 shares. Only the first 40,000,000 issued shares will receive 100% of the monthly profits after all expenses until the total dividends paid is equal to .0005 BTC per share. AMC will only issue 40,000,000 shares (20,000,00 "Early-Adopter and 20,000,000 AMC growth and expansion fund shares) until the total dividends paid is equal to 0.0005 BTC per share and 12 months have elaped from the date of the initial offering. 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. Additional shares may be sold at no less than .001 BTC each. ====================================================================== may be posted |
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Hi KSlaughter- Can you provide more info about your development of 45 and 28 nm chips? I'm not asking for intricate technical details, but as a point of comparison, when Friedcat was posting about development of the Block Eruptor chip, he provided info like an IC layout ( https://bitcointalk.org/index.php?topic=91173.msg1092163#msg1092163) and discussion of the software packages his team was using ( https://bitcointalk.org/index.php?topic=91173.msg1100925#msg1100925) that allowed observers to have some confidence that his team actually knew what they were talking about and was really producing something. Also, no offense intended whatsoever, but a lot of your posts read like English is a second language for you, based on sentence structure, conjugations (especially the lack thereof), typos, and lack of clarity. What's up with that? A "Kenneth Slaughter" of Missouri who's been doing business (presumably in the US) with his nephew Gerald for 30 years shouldn't write supposedly official docs like the ones you've posted, and the best case scenario for you, that you're just rushed/sloppy enough to misspell the name of the state you're registered in in the very first line of your description of "who is VMC" does not exactly inspire confidence- "Herefore" isn't even a word. I'm not trying to be a grammar nit, just my impression from reading through this whole thread. We are in the process of porting our Bitcoin mining software to 45nm and 28nm chips using the semiconductors tools. This is being done to see if it is feasible to continue the development process on this chip. Should it turn out to be feasible, then we would go to production on the chip. The RTL is written in Verilog and is highly optimized for Bitcoin mining. The code has been synthesised in Xilinx and the semiconductor company is currently porting the code using its tool to see if it feasible to run the code on their chip. I hope this helps. |
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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 |
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I read every word. I am objecting to the issuer playing the market.
If you wouldn't make a fuss unless they violate the contract, then you wouldn't object to the scenario where they spend 100% of funds on wages to produce a technology that is never used.
I'm further perturbed by how the issuer seems only sorry that people are upset, not about his actions.
Playing the market? Please link the part stating the issuer has the obligation to sell at a specific price past IPO. In fact, I would be more worried if the issuer only sells at a minimum price, as that would mean less coin for AMC to buy what it needs and more coin for the market traders that just want a quick profit. I could not say it better myself. |
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Absolutely. But misleading potential investors can be dramatically more costly.
I still don't understand all this fuss. Noone read the initial statement before knowing what they were getting into? 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.
If this is how they act at the outset, then you won't make a fuss when I refer you to the IPO contract where it says they are free to use the funds for wages, and then tell you they had to spend it all on wages. And you wouldn't make a fuss about VMC not using the technology that AMC developed, with the result that VMC doesn't have to pay 10% to AMC. It's not about the contract. It's about trust. Sorry, to get everyone upset. Here is my intention. I am going to do everything to the best of my ability to make investors investment in AMC pay off for them. As our contract with VMC states I will do what is in the best interest of AMC and its investors. I just want to thanks all of the investors who have invested in AMC. I am working hard to make this work for you. |
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Have all 20 million shares been released?
We have issued 20 million for early-adopters and 20 million for the growth and expansion fund. These will be the only shares receiving dividends for the 12 month from the date of the IPO. |
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How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?
Yes, the first 20,000,000 million shares are early-adopter shares. Yes, all shares trading on bitfunder.com at this point are early-adopter shares. |
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Yes, I think things are looking up. If only the Avalon's would get here.
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Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.
45nm chips really?? who is AMC? and how long have you been working on this project? Can you provide us some real pictures? AMC is a hybrid mining and development cooperative and a business unit of VMC. We have been working on this project for a little over a year. Not yet, but we are working on it. |
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Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.
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Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.
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Yes, I will make you a good deal for your help. Of course, they are 20% off thru the 21st. Is there a technical requirement for using PCI-E instead of PCI? (PCI expansion is much much cheaper) How high are the modules? (you could use PCI -> PCI-E adapters in a 4U chassis and still save wrt Magma - or buy only the backplanes and expansion adapters) Dell has a very interesting chassis too. PCIe motherboards with required number of slots are more available. We are looking into the cyclone's above. |
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Hey AMC,
You mentioned the Avalon's shipped in April. Are you guys up and mining with them yet?
Thanks in advance,
SP
No, that was the news from Avalon in April. Talked to Yufi at Bitcoin 2013 and he said they would start shipping this week. What I expect is to have the machines mining by the end of the month. However, this depends on Avalon. |
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Fast-Hash-80's 20% Discount extended until 5/30/2013 due to the problems with our shopping cart which will be fixed in the next couple of days.
Should you want to order now, PM me.
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HI, is there IP more IPO shares at .0005btc or are they sold?
This program has expired. |
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When you register on their site, they sent you back a confirmation email with the password in cleartext. Very professional company/webshop  Thanks for the info, I will fix that. When are the chips leaving the fab? It takes 9-10 weeks to get the chips, depending on our sales, we will order a full batch or do a group purchase. |
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When you register on their site, they sent you back a confirmation email with the password in cleartext. Very professional company/webshop Thanks for the info, I will fix that. |
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HI, is there IP more IPO shares at .0005btc or are they sold?
Not at the present time, maybe later. |
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