SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) 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.
This is obviously a misleading statement. It has no date on when the devices will be operational and the current difficulty is no where near where it will be when the devices get online. Therefore, your revenues would be somewhere in like of ~$4-5k per day and ~$1m per year. You realize linking the wikipedia.org article just proved my point. Also, you didn't mention anything about the overinflated valuation of a company that hasn't delivered anything yet. This company is not worth 8.5% of AsicMiner or even 1% of AsicMiner. |
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Be weary of typical pump and dumb, artificially raising price on bitfunder.com over the last few hours. In addition to press releases about hashing rates they don't have yet, typical scammy activity. They value their company at BTC80,000 when AsicMiner is at BTC1 million and they don't have the profits/revenue stream to back it up. Be very weary of investing.
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Is there a general timeline for when you'll be receiving bought hashing power?
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BTC4500 for two orders? What could that possibly be?
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Are there any shares left at .0005?
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Personally, I would consider exchanging on btct.co as well, I know a lot of traders that use that website because it's difficult to get funds to bitfunder. Also, I like the .01 B share rate as that will attract more investors.
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What trading exchange will the shares be for sale on? Also .1 BTC is ~$13 not $5.
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Anyone notice the 16k volume during that $5 drop? Obviously the trend is upward though.
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Do a 360 and walk away...
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Having hash rate near 50% is terrible for the network. This is because if someone DDoSes the next biggest pool like BTC Guild, then they go over 51% and this looks like a weakness in bitcoin and reduces confidence in the coin. This thereby reduces price of coin etc. even though they may not do anything with the attack, the point is that it's possible.
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It will not be the end with the first generation asics. However, it probably would be if BTC maintained its price, but as many people point out it is growing exponentially. Therefore, while growth in difficulty will outpace the increase in BTC value, mining will still be profitable beyond the first big difficulty increase.
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End of summer in late August? or September 21st like when fall starts? But like most people said probably in the 50-75 million range between those dates.
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I'll go peak 140, average around 135 for the week prior to june
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Its pretty much confirmed BS, that reddit account has only been active shortly and it is most likely a ploy to reduce shares prices of AM or reduce confidence in BTC etc.
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Have you tried using different mining software? I would try bitminter.com if you're currently using cgminer and see how high that can push the blades.
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The user base needs to increase for there to be an increase in price. This last increase in price was from all of the press surrounding BTC. If the user base of BTC doubles it would be natural for the price to nearly double an so on and so forth.
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I've also a had a few slow transactions past two days, not sure if its a problem with the blockchain or what.
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Yeah I reversed Paypal before it was too late, can't trust a business that treats customers terribly.
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Kncminers jupiter is 350 GH/s after the update May 11 2013.
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