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Looks like the payouts resumed, have 5 confirms on my payout, for two days worth.
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Thanks for constantly updating this.
As the hashrate is heading towards 300 PH/s, can you please explain the difficulty change that is needed for a SELL dividend?
Sure thing. I'm actually traveling this weekend so updates will come today and Sunday or will do all catch up on Sunday night. The replacement value of any period is about a 6.5% difficulty increase. Obviously the last few periods have been running a deficit; will run the numbers on Sunday or Monday to let you know exactly what kind of increase is needed this time around for a SELL div. |
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Hi Terk
No payout last night? I was def over the 0.01 threshold...
TY
Wasn't paid out last night either, balance just continues to accrue. Possible that it's just going to be a day late, I suppose. Would we good to have some confirmation though. |
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This is not true, U.S has jurisdiction on any U.S citizen. It does not matter where you break the law. Perfect Example black water employee's killed people in Iraq got held and tried in the U.S.A.
But honestly the owner of this exchange is not someone you would want to do business with. I have had previous encounters with him, and the Mods have called him a straight liar. If anyone would like the links I would be happy to provide.
You should probably be releasing BitcoinBudz' ID and Docs before taking on anything new- |
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Period 23, Day 7 Report - October 30, 2014
Balance Post Divs: BTC 210.75608765
Total Units: 17492
NAV/U: BTC 0.01204871
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Period 23, Day 6 Report - October 29, 2014
Balance Post Divs: BTC 211.86431140
Total Units: 17483
NAV/U: BTC 0.01211830
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I agree. "A" for the effort but still seems to be too expensive for this level of power consumption. If Bitmain and/or Zeus deliver as promised in Dec this will need to cost ~$400 by then to remain competitive.
Keeping close track! Have made about .473 BTC between GHash.io LTC and, now, Clevermining. GH.io was getting really finicky with the hashrate and stales, so I've moved over to CM where I'm getting between 90 - 94MH per 24H.  |
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“A key element of the letter requires that those receiving the letter stay quiet and treat it as confidential. They may seek legal counsel but they may not reveal the fact they received a letter to those who are not directly involved with responding to the letter nor the public so the exact number of letters going out nor the companies receiving them will not be revealed by those affected without legal consequences."
This smells like it's made up, and a writer being inventive after reading about national security letters (which obviously bears no relevance here). This isn't part of the leaked ghash.io subpoena from the SEC. The GHash letter that was a fake, per the words of the GHash CEO? Anyone that has gotten a (legitimate) letter from the SEC could likely be bound by a provision like this and those that haven't probably don't want to bring any extra attention to themselves. |
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Period 23, Day 5 Report - October 28, 2014
Balance Post Divs: BTC 209.18649016
Total Units: 17175
NAV/U: BTC 0.01217970
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Period 23, Day 4 Report - October 27, 2014
Balance Post Divs: BTC 207.42400782
Total Units: 16941
NAV/U: BTC 0.01224390
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Period 23, Day 3 Report - October 26, 2014
Balance Post Divs: BTC 207.22770774
Total Units: 16832
NAV/U: BTC 0.01231153
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Interesting offering. What is the "exit strategy" for investors? 5 petahash might distribute nicely for a few weeks but sooner than later difficulty will shrink the divs and devalue the share price. Is there some foreward looking plans for this inevitability?
Does there need to be? It's a cloud mining contract - you pay for your GH/s and you get it. |
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Period 23, Day 2 Report - October 25, 2014
Balance Post Divs: BTC 207.74542635
Total Units: 16780
NAV/U: BTC 0.01238053
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Just FYI for anyone in the market: 96MH/s was $1,500 and has been lowered to $1,199 256MH/s was $3,999 and has been lowered to $3,099 Enjoy  |
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Period 23, Day 1 Report - October 24, 2014
Balance Post Divs: BTC 208.63931935
Total Units: 16758
NAV/U: BTC 0.01245013
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I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Yup, it's 1.633$/day/GH. It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US. It has to be $1,633.00 total cost per day, $1.633 per day per GH means that the maintenance fee is $1.6 per day while the cost of a GH is .00125 BTC = $0.45 |
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Looks like AMHash is trading on AM's goodwill, trustworthiness and popularity, which have clearly eroded. Seems like this venture will depend in large part on PR, which is AM's Achilles heel. I just hope FC and Co. have learned some lessons from Gen 3, and have connected the dots between poor communication and low demand.
Have to agree with you there! |
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I think also part of a long term strategy, in that AM in the past has demonstrated that they are conscious about not wanting to disrupt the network by owning a large share of it (say 40 or 50%). Franchising and cloud mining are avenues to manufacture chips and miners for more than their share of the network, and still seeing profits trickle back to AM from those. Franchising would work this way, but cloud mining would not since the hashpower owners are not the ones controlling what transactions are included in a block. It's essentially like mining to a pool you can never switch away from. Not that I think AM will ever come close to 40% |
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Period 23, Day 0 Report - October 23, 2014
Balance Post Divs: BTC 204.46757337
Total Units: 16336
NAV/U: BTC 0.01251637
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