It means until the ponzi collapses

Mineral oil is thick, you will need a seriously powerful 'water' pump. An aquarium pump or  PC watercooling pump or something isnt going to  do it. Also make sure it can stand the relatively high temps.
While you wont need fans (even if it doesnt hurt), you will need heatsinks on the chips, even if you submerge them. Mineral oil has a far too high boiling point (200-600C). Without heatsinks the chips will overheat in seconds.

That said, a cheap source of mineral oil is horse laxative. Im not joking.

So lets see, we have yet another anonymous (fake name/registration) mining "company", with no proven hashrate (whats your mining address ?), no proven affiliation with any asic vendor, not even pictures of the hardware. 100% of the effort is focused on affiliate programs, signature campaigns and social media recruiting.  Your numbers make no sense whatsoever (zero fees, really?)
And people send you money?

Sigh. People will never learn.

Yeah, especially since its selling like hotcakes. Nearly one month in, less than 600TH sold. 4.4PH to go...

Problem is that most people know full well its a ponzi, but invest nonetheless hoping to get out in time and/or profit by collecting referral rewards.
So you get hordes of cheerleaders pretending they believe its genuine, ie, lying and deceiving others for their own profit.

Yeah, we all know that is what mining shares do.. They increase in price over time  Especially one with a permanent IPO that isnt selling.

Im interested in buying a 2x2GB DDR2 kit as well. Feel free to PM me your offer. SHipping to EU.

Kinda hard to identify the DDR2 modules. Are there any besides the OCZ that are 2GB ? If so, quote me  a price for them including the OCZ.

I sell my left sock for $600 and my right sock for $800. Which one are you going to buy?

as it always does before skyrocketing again.

Here something for you to ponder about; bitfury recently finished another round of financing to increase its DC capacity from 40 to 100MW. An increase of 60MW corresponds to a projected 300 PH with their next gen due this year (thats assuming they dont upgrade their old datacenters, otherwise its ~500PH).

Lets also assume they dont hit their schedule and deployment takes until March of next year. That roughly corresponds to an 8% increment. Thats bitfury alone.  Granted, bitfury deploying between end of this and early next year wont change tomorrows difficulty, but then we are also ignoring KnC's $14M funding, Spondoolies current and next gen, CT, AM's 60PH pile of wafers, Bitmain and all the others.

For AMhash to be even marginally profitable under the above circumstances (8% increment)  BTC price should hit ~$1000. (and do so tomorrow and remain there). If thats what you believe in, buying BTC will give you a far better return.

Here is another way to look at it:



scale those results pretty much linearly with your expected future BTC exchange rate.
Anyone who thinks difficulty is even close to having leveled off is in for some bad surprises.

obvious scam is obvious.

- no contact data
- whoisguard protected domain
- no pictures, no mining address, no proof of anything
- referral system

Thats all you need to know its a scam.
But on top of that:
- clumsy amateurish website
- no mention even of fees
- ridiculous claims in FAQ show perpetuator  doesnt even properly understand mining

No point in arguing with the naysayers,  they just want to profit of this scam with referrals.

I mined with CPU's and GPU's, turned everything off once asic's came online. Never believed in ROI of asics (at consumer prices) and far less in the ROI of mining bonds (gigavps etc) or  cloudmining. I saved a small fortune by avoiding them.

BTC price, difficulty etc may change constantly. I wont pretend I can predict either, but the fundamentals of how this market works does not change. If there would be profit potential for end users, then there is more profit potential for companies with access to cheaper hardware and cheaper electricity. Companies will exploit that potential  thereby eroding the profit of the individual. Not too mention the individuals buying hardware or cloud mining that are unable to do any math. The biggest fools are setting prices and difficulty. Its been like that since the first asic and its not gonna change.


Quite true. Then again, peta is "only" 0.00028983 BTC per GH. AMhash is >4x more expensive... And you probably know how I feel about peta.

Dexter already proved the point I was going to make: because some people will bet on a BTC price increase, and fail to understand that buying BTC is a much better way to place that bet. They also ignore the  reality that increasing BTC price will also push up the network hashrate faster.

Im not saying it is. It was in response to Mabsark who got the maintenance fee wrong by over 8 thousand orders of magnitude.  If it was as he thought it was, maintenance fees would effectively be zero, and I certainly would be willing to pay 1.2 BTC/TH with free electricity forever. OF course thats not whats being offered.

See that 1 share purchase to push the apparent price back to IPO #2 price ? Cant be any doubt, Usagi invested in this!
 

Its always useful to look back at past predictions and learn from your mistakes. Sometimes I get it wrong too. Lets see what I predicted back in June:


I estimated 0.025 BTC value per share at most.
That is equivalent to 0.0017857143 after the 14-1 split.
Actual market price on that day was 0.0052 (split taken in to account)

In reality, shareholders received 0.00109528 in dividends after the split and another 0.00030202 / 14= 0.0000215728571 between my post and the split.  So total dividends per current share= 0.0011168529

Current share price is 0.00027499. Im being generous, as the highest bid is 0.00021002. A shareholder that held shares back when I posted my estimates and sold today would have yielded a total of 0.00027499 + 0.0011168529 = 0.0013918429

So my maximum estimate was too high by ~22%.

How about my difficulty estimate? 21 weeks have passed. In my simulations, that resulted in an estimate of 34.4B. In reality its 39.6B.
So I was again too optimistic, this time by ~13%

Thats interesting. A mining contract that would actually be quite profitable even at 10% sustained growth at todays BTC price and continue to yield dividends in a  50+ EH network, Id invest in that in a heartbeat.

Why didnt you?  All your funds stuck in Asicminer ?

lol. So your maintenance fees were off by a factor  86400x.  It happens, no worries, you can sell your shares back in to a rich bidbook on havelock. If you have more than ~2 BTC worth of shares, you'll still get over 50% of what you paid a few days ago. Great investment

From havelock: "maintenance fee is $0.00163 per GH per day or $0.0489 per GH per month)"

Sure. Cant link directly, but just go here:
https://bitcoinwisdom.com/bitcoin/calculator

enter these parameters:



and you get



Then try 5% or 10% and see what happens.