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.


Gen 4 tape out was in September. It's already been paid for. Why JUST self-mine, when you can self-mine and sell hashing power simultaneously? Selling hashing power gives you cash up front, self-mining strings is out over months and it could turn out less profitable than selling the hashing power.

So what are you trying to say? That I can't put hardware related questions to Spondoolies in their hardware thread but it's perfectly fine for you troll the AM shareholders thread? Are you an AM shareholder? If not, why are you even posting in that thread?

Do you have a problem with the relevant on-topic question that I asked?

If you had far more hashing power than you could sell would you just leave it lying around doing nothing or would you put that hashing power to work?

What's the time-frame for Spondoolies next gen ASIC? Have you taped out yet? When are you guys expecting samples?

AM do not have 60 Ph/s. That had 60 Ph/s months ago. Since then, they've sold ASIC, they've sold miners, and they've recently started mining contracts. They've also been building their mining farms since mid July and taped out the gen 4 ASIC in September. So, how many Ph/s remain to be sold and how much money do AM have? Oh, but it costs X$/Gh to deploy and all we have to do is put in random numbers until we get a price we're happy with? Simple! 

Go ahead then, pull some numbers out your arse which don't actually represent anything except your imagination and plug them into your equation. What the hell will that show?


Well, I've already told you that I don't know. Is that too difficult for you to understand?

I didn't refuse a discussion, I told you that I don't know. Why would I bother trying to discuss something when I don't have the necessary info? Unlike you, I don't just pull shit out my arse, fling it at the wall, hope something sticks and pretend they're facts.


How big are those farms then since you seem to be the expert?


You are allowed to say whatever you want, but all you do is talk shite because you are just a sad little troll. You say AM equipment sucks yet 1700 AMHash shares is equivalent to an SP20 @ 0.1 $/kWh but costs less than half the price. Also, AM miners don't burn down your mining farm unlike Spondoolies' miners.

No idea.

Here's some info for you though. 1700 AMHash shares are equivalent to running an SP20 with electricity costs of 0.1 $/kWh, only they cost less than half the price of an SP20 and there's simply no hassle.

Do you think SP20's are terrible value given the above info? Do you think Spondoolies' are ripping off their customers by not offering competitive products?

When buying miners though you've got to add in the costs of shipping, which is a considerable amount. Look at the SP20, for example.

It costs $1190 and shipping is $115 for me. That's almost 10% of the cost. Then you need a 1300W PSU which costs about another $200, so about $1500. Given that the hashrate is 1700 Gh/s and it consumes 1200W then it costs about 0.88 $/Gh @ 0.71 J/Gh. If electricity cost 0.1 $/kWh, that's 2.88 $/day. With the network hash rate at 290,522,381 Gh/s, 1700 Gh/s would represent 0.000585% of the hashing power, therefore would receive that much of the reward giving 0.0211 BTC/day. At 344 $/BTC, that's 7.26 $/day, minus the electricity costs that's 4.38 $/day and dropping.

Compare that with AMHash which you can purchase for <= 1.25 mBTC, which at 344 $/BTC is upto 0.43 $/Gh. After fees, 1700 AMHash shares would pay out 0.0216 BTC/day and dropping.

So, 1700 AMHash shares are equivalent to running an SP20 with electricity costs of 0.1 $/kWh, only they cost less than half the price of an SP20 and there's simply no hassle. It's simply a far more efficient way of selling hash power and I'll be seriously surprised if Spondoolies' don't start offering cloud mining services too.

Well, we all know how good Spondoolies' projections turn out to be. With AM, Bitfury and Spondoolies all talking 0.2 J/Gh for the next generation of ASICs early next year, 0.05 J/Gh mid 2015 for the generation after that is clearly marketing bullshit.

As for the competition, I'm not sure when Spondoolies' are expecting their next gen ASIC, but AM have already taped out gen 4 mid-September and are expecting the samples in December.

AM likely has far more than 4 PH/s hashing right now. They've been building their farm since mid July. That 5 Ph/s is just a small slice set aside for the specific purpose of selling mining contracts.

Did it not seem suspicious to you that someone wanted to sell their brand new Prisma for 1.25 BTC when they cost 1.47 BTC in the group buy? There's always a risk buying second hand stuff.

AM had 60 Ph/s worth of chips. They don't need to mine with your PRISMAs. Since you guys are having no luck with email, have you tried contacting phasebird by QQ?

For the exact same reasons we don't sell all our shares and purchase mining hardware.

And how would that be good for AM? AM only earn money from the initial purchase. Havelock are the ones who profit from the trading.

SP's RockerBox ASIC tape-out date = 13 May, 2014
SP post about receiving RockerBox ASICs = 23 July, 2014

That's the same length of time that AM will be waiting for their 28nm chips so what are you talking about?  

Also, that cryptonews article is a complete joke. Here's a sample from it:


SP20 = 1190 / 1700 = 0.7 USD/G
AM Prisma = (1.39 * 353) / 1400 = 491 / 1400 = 0.35 USD/G

An open and shut case of SP being price competitive with those "expensive" Chinese manufactures.  

Also from that article:


Spondoolies SP30 was not on spec at all, what's Guy talking about? Also, their simulated specs for their gen 3 ASICS are on par with AMs gen 4, 0.34 J/Gh at the ASIC level. SP taped-out a month later though and will get their chips for testing a month later too.

I'm not claiming it's about per chip hash rate, I'm claiming that there are a few factors which need to be considered, not just power efficiency. You need to consider the hash rate, the power efficiency, the cost and the volume of the miner too.

Gen 3 didn't fail, it just wasn't as good as expected and there was packaging problems initially too. Gen 2 was an actual failure.  So, why expect Gen 4 to succeed? Because FC just told us that they had solved the problems with Gen 3. Sure, new problems might arise.


Nonsense. Tubes went on sale on August 12 and chips were available months earlier. If AM would have just built miners instead of selling chips, Tubes would have been available a lot earlier.


It's not just about power efficiency. Sure, competitors may have better power efficiency but what hash rate will those chips have? Look at Bitfury or Spondoolies 40nm ASICs and compare them to AMs gen 3. If those chips were overclocked to match the hash rate of AMs, what would happen to their power efficiency? What would AM gen 3 chips power efficiency be like if the chips were underclocked to match the hash rate of Bitfury's 55nm or Spondoolies 40nm?

Here's what FC said on the issue:

That is complete bullshit. Gen 4 tape-out occurred on September 16 and FC is expecting Gen 4 chips for testing around December 16. That's less than 2 months from now. Mass-production of Gen 4 is expected to occur in February/March. That's 4 months for mass production of gen 4, not 8.

Do you honestly think that the share price will not rise will in December if the chips pass the tests or that it wont rise with the mass production of gen 4?


If you think the price is going to continue to drop then you don't need to spread half-arsed FUD. Just sell your shares and stop posting here.

I think you are misunderstanding AMHash. As an AM shareholder it makes no difference to you whether the divs and share price of AMHash tanks over time because AM won't be receiving divs from AMHash (if all the shares get sold), just like AM don't get any BTC from customers mining with Tubes and Prismas. What AM gets is the up front purchase cost of the miners or the costs of the shares in the case of AMHash.

So, people buy the AMHash shares now, AM gets that money now (only from the initial sale of a share) and the people who bought the AMHash shares get the BTC mined by their 1 Gh/s shares until they sell them.

What you are worrying about as "another IPO" is actually just another product from AM for customers to purchase. If it makes you feel better, think of those shares as the new USB sticks.