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Ken,
Could you lock the VMC IPO price at whatever the value of AMC is when trading is halted? I think this would be the safest way: then re-calculate how many shares you need to release in a VMC ipo to meet upcoming obligations. This way currently held AMC shares transferred to VMC wouldn't be de-valued by a lower IPO. You could still keep shares back for future development stages.
Does this make sense?
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I just came up with a idea to solve this problem.
I will create an VMC offering, then VMC will purchase AMC. There you that is the solution. Tell me what you think.
It depends on how you write it up. Also, will AMC shareholders have options for this new offering when/if the acquisition takes place? Good question. Yes, we should create a way for AMC shareholder to convert their shares to VMC shares. Is this what you are asking. This is a must, current share holders shouldn't have their position reduced. (he says selfishly) |
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Wow. An actual conversation. Color me impressed.
Yes, me too. The recent civility on this thread is a most welcome change. |
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I was looking at the AMC and VMC website at the pictures of the ASIC based miner they have displayed there.
looking closer I thought it was odd that the device had a DVD drive as ASIC mining rigs typically do not need a full blown OS and thus no need for a DVD drive.
anyways I did some digging and then found this picture of an Azken system AZServer which is an 8 way 8 Nvidia GPU Powered rack mount server.
which looks Identical to the FastHash mining rig on the VMC website.
I invite people do draw their own conclusions and ken to provide an explanation.
PS Sorry if this has already been pointed out.. I didnt read the entire thread end to end just most of the last few days of posts.
not trying to pass judgement here just doing my DD..
I think he replied to this already, those are just the cases I think he is using, they come with the DVD slot, obviously it doesn't need to be used but it would be cheaper than making a custom case. This has been covered already—50 pages ago. Due Diligence might also included reading Ken's posts on this thread.... |
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Chip sales: AMC holds IP rights on the Fast-Hash-ONE chips, so AMC contracts with VMC the following services: (a) the representation services to negotiate chip production with eASIC and (b) the re-selling of AMC's chips in bulk. AMC also guarantees chip exclusivity to VMC, so that AMC won't negotiate a chip supply contract to any other bitcoin systems manufacturer. AMC gets 70% back from the profits on the sale of bulk chips, while VMC gets 30%. All of VMC's expenses, including representation, chip stock management and re-shipping expenses to final customers are taken from their 30% profit.
System sales: AMC also allows VMC to buy chips directly from eASIC at the lowest cost, for the manufacturing of bitcoin mining systems. On every sale of these systems or parts of it that contain AMC chips or IP, AMC receives a 10% royalty fee from the total gross sales revenue. Example: if a customer purchases a system for ฿100, AMC receives ฿10, whatever the profit margins for VMC are.
I don't suspect the trolls will like this. However, as a shareholder (someone who has actually put a fair bit of coin into AMC), I am very glad to see some clarity on this particular point. |
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I have a specific grievance with BitcoinMegastore, who has admitted that he is seeking only to undermine AMC. He has admitted to abusing the bitcointalk trust system simply because he disagrees with users who support AMC because "they must be shills". Personally, I am not a shill. I am a real person with a family, a job, a house, and a dog. My investments and my bitcoins matter to me. A merchant abusing the trust system for no other reason than spite is a staggering offence. How can any person trust BitcoinMegastore in a transaction if he is willing to bear false witness of transactions simply to abuse the trust system on this forum? Would he do the same on bitcoin-otc? Would he take you bitcoins, but fail to send you goods from his website simply because he dislikes one of your investments?
I am appalled by your childish behaviour.
Do you understand what trust system is, at all? "Risked BTC amount is money that the person could have stolen or did steal." Got it now? If I think someone is a scammer or is helping scammer I have full right to express my opinion on that and warn unsuspecting people of proven or potential scam. It is called damage prevention. You might be fine with everyone and everything until shits happen but that does not mean I or anyone else must use the same approach. As for my transactions and store, first thing you need to learn is to check person's past activity on this forum and look for evidence of scam or attempted scam and second you need to learn how store works, e.g. who is sending you printed items and so on. Do your homework before you address me or my store again and eventualy call me a shill or scammer, thanks. It would be cool if you stop talking about me. I have stated my mission here. I'm not selling you anything here. This thread is not about me or my store but AMC "project" so stay on topic. If you don't like what I post just ignore me just like I ignored loltard and few others so I can focus on important matters here. If no one risked coins with you or vice versa (ie no coins changed hands) and you placed trust feedback THEN you admittedly abused the trust system. Simple. Stop abusing the forum (and this thread). |
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The Trolls on this thread will never be satisfied by what Ken does. Ultimately, they have made up their minds and are unwilling to consider other points of view.
I don't think I am being scammed by kslaughter. I think he will succeed in making AMC successful. This thread has been ruined by persistent trolling. Patience will be the bearer of bitter news for either AMC believers or AMC doubters, but all this pointless arguing is solving nothing. Just wait and see what the future brings.
I have a specific grievance with BitcoinMegastore, who has admitted that he is seeking only to undermine AMC. He has admitted to abusing the bitcointalk trust system simply because he disagrees with users who support AMC because "they must be shills". Personally, I am not a shill. I am a real person with a family, a job, a house, and a dog. My investments and my bitcoins matter to me. A merchant abusing the trust system for no other reason than spite is a staggering offence. How can any person trust BitcoinMegastore in a transaction if he is willing to bear false witness of transactions simply to abuse the trust system on this forum? Would he do the same on bitcoin-otc? Would he take you bitcoins, but fail to send you goods from his website simply because he dislikes one of your investments?
I am appalled by your childish behaviour.
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Feeling tired of me? Excellent! If only you can become as tired as me, from seeing mindless idiots ruining anything and everything related to Bitcoin
but you can't experience that since you are one of those people.
Bitcoin isn't a family, a team, or a union—it's decentralized: the only people who can ruin it are developers and inconsiderate upgraders. I hardly see how a sticker seller is supposed to be a more well informed resource on securities. You would be wise to troll under a different moniker (if you aren't already) as I hardly see how your disrespectful attitude will drum up business for your trinkets. |
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But crap, lets take all the money out then blame him for not making a space elevator with a shoestring, that'll work.  I though the deal is about some 3rd-party almost outdated hardware and eventualy custom ASIC, something that costs so much less than $10M+ There is no content to your criticisms. This is becoming tired. This is clearly trolling and becoming borderline sabotage. I think Ken needs to reconsider deleting at least irrelevant posts. The thread has become cluttered with your baseless accusations. |
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Well meaning as the criticism started. This has clearly moved on to trolling. Please increase the level of discourse. If you have a significant stake in other competing security or hardware company, then your criticisms must be taken skeptically. Otherwise, allow AMC shareholders to have a thread to discuss a security they believe enough in to invest their bitcoins.
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I want to know more about eASIC. How do they perform their simulations? Can we see some of the 16 GH/s results? I don't ask these questions out of skepticism. I ask out of enthusiasm. A little bit of evidence could re-energize shareholders and draw in new investment. Also, does AMC have some sort of exclusive arrangement with eASIC?, in other words, eASIC won't develop hashing chips for other miners while under contract with AMC? Or at least AMC's design would be proprietary? Anything about these potential partners would be helpful.
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This was all hashed out in the custom hardware forum last year. Go find the discussions yourself.
Basically you end up with a device that is equal to an FPGA in power and performance, and cheaper than an FPGA if you need thousands of them. But compared to an ASIC, the result is poor due to all the legacy overhead in the device.
But I guess that doesn't matter since you are buying the capability for Ken, and won't even own the IP.
I know it's pointless, but I'll answer. The chip performance results are stated in the news, so you either think them mediocre or are saying eAsic are liars. If you think a 16GH/s chip is mediocre for an ASIC, please point me anywhere where I can find a better one at the moment, or even in the design stage. A video of a prototype chip hashing away at 16 GH/s would certainly help eat up the wall. Food for thought.... |
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Damn, that pirateat40 story is so totally fucked. Damn.
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Seems to me like the demand BTC-TC is higher than on BitFunder, where sellers are asking for prices negligibly lower than 0.0025, which suggests some shareholders are trying to move their investments to BTC-TC. Where do AMC shareholders prefer to trade?
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Very interesting idea Branny. Definitely one to watch.
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Raised 18.38% of BTC10,000 without even making the announcement yet.
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The facts as I see them are ASICMINER is leading the field in BTCmining right now, but they offer little transparency as to future plans, excepting that they intend to keep 10% of the Network hashing power and sell some hardware. AMC, to date, has been much more transparent about its intentions, and, though, they are ambitious, it seems that sustained interest from investors may bring those plans to fruition. It's a risky speculative investment, but I think a lot BTC investors are looking for big successes not small.
EDIT: BTC10,000 round of funding now:
17.22% complete
I'd argue Asicminer is mostly interested on capitalizing hardware sales as much as possible, while keeping the hashrate as constant as possible (~fixed network %). This allows them to have a steady income for buying hardware to sell, while at the same time maximizing the price they sell their hardware at (if they increase their own hashrate too much, they have to sell the hardware cheaper overall). Agreed, but it is hard to say that they have significant development advantages on making more efficient chips than BFL, VMC, BitFury, Avalon, etc... But certainly ASICMINER has a proven track record on stream lining production. |
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It's all a bit mysterious, though. There is a lack of transparency on what the future plans are at ASICMINER. The China connection is big, but that could work against AM in a second if the Communist Party decided to shutdown BTC-related businesses.
Hah..China is more open to business than the U.S The point I was making is that, China is capable of making unilateral regulatory decisions. Note: I didn't say the US executive branch was any better. |
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The facts as I see them are ASICMINER is leading the field in BTCmining right now, but they offer little transparency as to future plans, excepting that they intend to keep 10% of the Network hashing power and sell some hardware. AMC, to date, has been much more transparent about its intentions, and, though, they are ambitious, it seems that sustained interest from investors may bring those plans to fruition. It's a risky speculative investment, but I think a lot BTC investors are looking for big successes not small.
EDIT: BTC10,000 round of funding now:
17.22% complete
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Keep in mind that ASICMINER's shares produce ~1M USD in income monthly for the company. I'm hopeful that they are doing a *lot* to fend off competition.
It's all a bit mysterious, though. There is a lack of transparency on what the future plans are at ASICMINER. The China connection is big, but that could work against AM in a second if the Communist Party decided to shutdown BTC-related businesses. Best to diversify your BTC holdings: - CoinLenders' CD's
- Mining Equipment purchase/operation/resale
- Mining Company investments
- Gambling sites
- Exchange sites
Of course, I am super poor, so nothing to see here, move along... |
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