I have no beef in this , I would love to see another competetive,honest company on the market.
Well, ASICminer are now offering cloud mining services via AMHash for 1.2 mBTC/Gh. I'd expect a lot of these cloud mining services that need to purchase miners to start going out of business as there's not a chance in hell they'll be able to keep up with AM. |
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So, I just registered on PBMining. I am thinking to buy 1 GH/s but.. it look like the minimum contract is 25 GH/s for 5 years. Please correct me if I'm wrong.
You can buy 1 Gh/s from AMHash for 0.0012 BTC. Like others have said though, that'll just get you dust. |
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Just now i check PBmining site - price is 0.0014  just saying.. AMHash is currently selling at 0.0012 BTC/Gh. |
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Whether GAW is a ponzi or not, they're still significantly more expensive than AMHash.
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I've been able to withdraw a large amount from GAW very promptly. They're not a scam per se, but anyone who buys in now will lose money on GAW. Their sales probably dropped off, their devs having no clue how to even keep a forum running -- while their platform has payouts/financial issues daily.
Bought into Hashie as well.
Do you guys not do any research? Hashie costs 1$/Gh, AMHash costs 0.456 $/Gh. |
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Hey you are also sporting a cloud signature! I get paid some BTC for my signature space nothing more. I mine the old fashioned way since 2012 with in hand hardware  I assume AM has some real time mining stats I may view unlike GAW? Yes, I have an AMHash sig. Good job I'm not calling them a ponzi. That would be hypocritical of me. As for the real time stats, it would be a horizontal line on a graph because you get 1 GH/s per share. In other words, you don't need real time stats because your hash rate doesn't vary. AMHash absorbs that variance. |
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So I might break even in 5 months...and I would have to trust in Havelock the entire time? To me that does not sound like a good deal, but hey invest away Well, you said that you can't make any profit from cloud mining and that most of them are ponzi's. What's so funny about that is that you're also promoting a cloud mining service in your sig which is significantly more expensive than AMHash. So, are you deliberately promoting a ponzi? |
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I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs? None are..always better to buy BTC and hold not buy "cloud mining". Personally I do really well buying used miners unless they are made by AM of course, but I will not bother going into that with an AM share holder. Actually, with a 10% difficulty increment, you'd break even after 160 days according to BitcoinWisdom. The last 3 difficulty increases have been 0.98%, 2.81% and 10.05%. The next difficulty increase is set to be around 5.63% according to BitcoinWisdom. |
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I know Nimbus does...not that it really matters all of them cost more than they mine + most are ponzi's.
What miners are actually cheaper once you factor in PSU, shipping, maintenance and delivery costs? |
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@mabsark: not sure why you call me an idiot - i said nothing about AM reducing the GH value of a share by adding more - I said they were doing it by creating a second IPO that is 4% lower in price only days after the first IPO (and difficulty change has been less than that during this time), effectively underselling the buyers of the first IPO.
I couldn't care less about speculators trying to flip shares within a week. That's not why the service exists. It exists to put hashing power in the hands of people who want it without having to mess round trying to get miners to work or dealing with delivery issues. finally, its probably safe to assume that AMHash1 and AMHash2 will not be freely interchangable - so rather than actually building to the promised 5PH in AMHash1, you will now see people pointlessly trying to arbitrage against AMHash2, since both assets have the exact same value (1GH) but different prices.
Havelock says otherwise. The AMHASH2 Fund is a continuation of AMHASH1
Every unit you purchase from AMHASH2 will be swapped for AMHASH1 in your account.
You can continue to trade and receive dividends with those units right away.
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If you have not bought one of these yet then save yourself the hassle..really late and tons of issues + no support or documentation.
Save yourself the hassle and just buy some AMHash. |
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I have stated in the past that FC found out a method to get money out of the company without paying the shareholders (hint: rockxie mining), but you bashed me back then. I am glad to see you coming back to earth.
I "bashed" you back then for good reason. Talking complete bollocks. Which you are doing again. There's no evidence whatsoever to suggest that AM have been funnelling money out the back door. What I said was that their management, sales, support and PR are crap, not that AM is corrupt. What you are claiming is that supplying a customer with the product you sell is corruption. The stupidity that comes out of your mouth is truly amazing. |
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That was an unofficial site created by SmiGueL. If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.
According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that. I think it's time us shareholders started asking about buying out bitfountain. You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all). If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute. The excruciating pain shareholders are feeling will be over soon, one way or the other. There's too much competition for AM to relive it's glory days. Those days were only possible due to first mover advantage. My problem is not with the design team, it's with the management, sales, support and PR. FC seems to just be hiring his friends who don't know what the hell they're doing. That's why I suggest looking into buying out BitFountain, so we could put some people in place who actually have a clue what they're doing. Gen 4 could turn out to be 0.1 J/Gh but without a decent team in place would AM be able to capitalise on it? On the other hand, with a good team in place, even though gen 3 under performed, those 60 Ph/s may have been sold as the gen 3 offerings have provided the best value to customers. They should have been selling like hotcakes. If some smooth-talking Yank was in charge of sales, they probably would have been. Instead we get a guy with poor English, who can't even access the forum and ignores emails. |
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If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.
According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck knows what's going on with that or anything else related to AM I think it's time us shareholders started asking about buying out bitfountain. |
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They had issues with shipping, not with the actual hardware, but yes feel free to spread your anger/shit here.
Sounds like it was a problem with the actual design to me: We found out that dropping the SP20 package may cause the boards to shift.
We got complaints from about 2% of non palletes customers. Most of the units can be fixed at home by replacing the boards.
We halt individual package shipments for one week, until we'll solve the issue.
If you got such SP20, contact support@ for miner assembly guide. If the SP20 was actually damaged, we'll RMA.
Guy
... Noticed that the boards sat at an angle inside the case, so I opened it up and re-aligned. The boards are not screwed in or secured with anything except some grooves raised up from the enclosure. Pretty cheap design, which is prone to board shifting if handled rough in transit.... Guy |
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Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.
And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.
Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH. You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while. They are self-mining with the remaining hashing power according to Rockxie so at least they got that part right but as said, it's simply insane to not have "shares" available to sell constantly, especially given that AM are experiencing difficulty selling hashing power. |
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As stated before FC took numerous bad business decisions. I did outline some of them in the past, but instead of discussing them you chose to bash me. I have no problem with that, but I'm glad that you start to realize them.
Stop talking out your arse. I have no problem with criticising AM and AM shareholders and have been extremely vocal in that regard myself, for example: It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
All you do though, is try to wind people up. |
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I cannot express how glad I am I sold my SP20 immediately for exactly what I paid for it given they have 0 regard for those who purchased early (as show in the lowering of prices 1 week after delivery without equal compensation to early supporters).
Great hardware, shitty management.
The hardware was actually shit too, hence why they had to stop selling it to sort the problems out. |
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Price announced for AMHash2: 0.0012. 500,000 units available
1) available tomorrow, they just screwed over all the amhash1 ipo buyers 2) it's a 500th cloud, that rather than be another ipo round in amhash1, decided to be a seperate fund for no good reason. 3) the ipo is entirely copied and pasted from amhash1. pricing, 5ph claim, everything is a total copy and paste job under the guise of a new asset. This is total nonsense. Glad I passed on the first round, since these guys have no clue what they are doing Wow, what an idiot. You are not buying shares in a company you are buying hashing power in chunks of 1 GH/s. Does AM selling more reduce that? Of course it doesn't? All "shares" are still worth 1 Gh/s. I don't even know why AMHash is even talking about "IPOs" and crap like that. The mining contracts should be constantly available to purchase. |
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I'm truly surprised SPT managed to sell any SP20's at all. The value it offered has always been terrible compared to the competition and I've been pointing that out (with the maths to back it up) since it was announced.
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