I get sick when I read pre-ordering at bitcointalk.
You must have some BFL pre-orders. |
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Yay! They do right away 3 different wafers 28nm 45nm and 110nm and you can prepay for all of them rigth now. No it is surely not a scam.  Sorry to disappoint you, but you can't pre-order the 28nm and 45nm units yet. |
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Fast-Hash-XX's Coming Soon! You will be able to PRE-ORDER our 20 to 80 GH/s Bitcoin Miner - 25 BTC to 75 BTC. "The Gold Standard Of BitCoin Mining Machines"(tm); - 20 - 80 GH/s Expandable To 1.28 TH/s
- 4U Rack Mountable
- High Quality Motherboard
- ~1500 Watts Gold Power Supply
- 1 to 4 Bitcoin Mining Modules
- 120mm High Speed Front Fan
- 2 80mm Rear Exaust Fans
- Intrusion Swtich
- Easy-swap Front 120mm Fan With Filter
- Auto Power Supply Fan
- Power Supply Monitor Lights
- Module 1, 3 and 4 Temperature Monitors
- Retainer For Full Height Modules
- Upgradable To Fast-Hash-XXX Series
- (Optional) Key-Lock Front Bezel
- (Optional) 4U Expansion Cases 1 to 4 50 BTC Each
- (Optional) Add On Modules 20 BTC
- (Optional) Rack Mount Slides 4 BTC
http://www.virtualminingcorp.com |
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SPRINGFIELD, MO, – May 6, 2013 – AMC has announced today their Premier Investor Program (PIP). PIP will allow an Investor that purchases at least 100,000 AMC shares to purchase one machine from AMC's first batch of Fast-Hash-80's at manufacturers cost which is estimated to be 50 BTC. Investors would be able to purchase machines out of AMC's first batch of 100 Fast-Hash-80's which AMC does not elect to purchase. Should AMC elect to purchase all 100 machines, then AMC will give Investors the option to purchase a machine at 90% of the retail price from VMC and be placed at the top of the Pre-Order queue on a first come first serve basis ahead of any public Pre-Orders. Investors may purchase one machine for each 100,000 shares of AMC which are purchased before May 15, 2013 and maintained in their Bitfunder account until their purchase is complete. AMC is a hybrid mining and development cooperative and a business unit of VMC.
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Did I get it right, that the 40 Mio shares (well 20 Mio this, 20 Mio that) will get 50% of the revenue as dividends? The other 50% being invested in mining equipment / shares of other mining ops?
Well each will get 50% of the revenue, that is the way it is setup for the first 12 months from the date of the IPO. 20 Million shares are reserved for the growth and expansion fund, so for the next 12 months that would be 50% of the revenue less expenses (max 10%), then that will drop to 20% of the revenue less expenses (max 10%) after the first 12 months. The other 50% of revenue will be paid out as dividends to the investors each week for the next 12 months like above. See our offering for full details: https://bitfunder.com/asset/AMC |
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How many shares will be retained by AMC, and of the retained earnings from those shares, what percent will be reinvested in hashing power and on what time schedule?
It is a little more complicated than that, so you should check out the description above or at https://bitfunder.com/asset/AMC. The short answer is for the 12 months following the IPO 50% of revenue less expenses (max 10%) will be reinvested in more hashing power. The time schedule is ASAP. Also the IPO funds are being used to purchase more hashing power along with R & D. The plan is for AMC to build a large Bitcoin Mining Farm, starting with the 6 Avalons which are on order, having VMC build machines for AMC. - Using Avalon chips and technology in the short term.
- Developing AMC's own technology using 45nm chips.
- Taking the 45nm chip technology and moving it to 28nm in a 12-13 month time frame.
Using all this technology to build AMC's Bitcoin Mining Farm bigger and better than anyone else. |
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Have you considered trading at BTCT? Once I see more progress on this, I might be tempted to put some money in, but for the life of me, I haven't been able to get an account with that WeExchange thing so I'm out from Bitfunder until they change that.
.b
Have you talked to Ukto on IRC? You can use the web interface on bitfunder.com under the help menu. Ukto is the operator on weexchange and should be able to help you. |
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Sorry if this has already been covered.
It just seems highly optimistic to produce a 45nm die chips by the end of this month. I have no expertise in this area i am just reflecting on the difficulties that BFL had when trying to produce the 68nm die chips. Would be grateful if someone with more technical knowledge could discuss this.
Also a few other points that i would like to ask:
1, Has there been confirmation for all of the Avalon Batch 2 machines? Has there been any news of them shipping this specific order (I know they're ramping up their production line when they receive the hardware to do so). Once these machines arrive where will they be situated, what physical considerations in terms of security have been considered? Where will the rest of AMC's machines be situated?
2, Has design of the 45nm die chips already started or does its start depend on the IPO being a success?
3, What happens if the IPO is not completely fulfilled?
I appreciate the time taken in replying,
Shas
Good Questions! We have never said that we can produce a 45nm chip by the end of this month. What we have said is that we are working with a Major Semiconductor company that can produce the 45nm chips in a 5-10 week time frame after we deliver RTL to them. 1. Yes, all 6 Avalons which are on order have been confirmed and paid for. See our images of the order confirmations here: https://bitfunder.com/asset/AMC The only news from Avalon was on May 1. See this thread for more information. https://bitcointalk.org/index.php?topic=167726.msg1746355#msg1746355 The first 6 machines will be in my current location, which has enough power and air conditioning for the 6 Avalons. Security at this location is excellent. At the current time we are looking for a location for the other machines. I have an excellent location in mind, which has it own power and air conditioning. 2. We already have Bitcoin Mining RTL synthesis, and should we convince the Major Semiconductor Company to work with us, then we will port the software. It the short term we are using Avalon 110nm chips. 3. It doesn't need to be completely subscribed, but would be better if it was. We are putting 50% of the revenue from the 6 Avalons machines back into AMC to purchase more Bitcoin Mining Machines. Also the dividends from the unsubscribed shares will go back into AMC. |
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How is VMC being funded, is it indirectly through this IPO?
VMC is funded through private capital and sales. VMC will be doing Pre-Order in the future and will have its own IPO. Right now we are putting all of the technology together to provide machines to AMC. |
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What do you expect the difficulty to be in August? (w/ asicminer, avalon, and bfl in the mix?)
^This. Currently the difficulty is increasing about 1 million every adjustment period. However, AMC will continue adding hashing power to keep up and get ahead of the difficulty. |
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Posted by: burnside
Insert Quote
Quote from: kslaughter on Today at 01:45:08 AM
Yes
What do you expect the difficulty to be in August? (w/ asicminer, avalon, and bfl in the mix?) Its stated earlier in the document that a difficulty of ~360 million is predicted but it is unclear if this is what AMC predicts for August when it starts receiving its first prototypes or When it has all of its promised mining hardware. The 360 million is predicted at the end of the 24 month period for the projections in our IPO. |
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AMC To Add 160,000 GH/s and Increase Its Revenue To $2,491.14 Per Day
SPRINGFIELD, MO, – May 3, 2013 – VMC a manufacture of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased enough Avalon chips from the successful AMC IPO to build the first two Fast-Hash-80's for AMC. The two machines will add another 160,000 MH/s to the cooperative hashing power for a total of 544,000 MH/s. At the current Difficulty of 10,076,292.88 this will add another $732.69 to AMC's revenue stream for a total of $2,491.14 per day. AMC is a hybrid mining and development cooperative and a business unit of VMC.
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