[AMC]-The Official Active Mining Cooperative Discussion

[Shasoudas]

Thanks for the reply, i will find some more questions soon!

You may want to change this portion of text...

100 Fast-Hash-800's**   @ 800 GH/s each for a total of: 80 TH/s
                        Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit
                        Estimated retail value @ ~$60,000 each for a total of $6,000,000
                        (Estimated to be delivered May 2013)

Typo? Should it be 2014?

Shas

[kslaughter]

Yes, thanks

[m_yaw]

Did I get it right, that the 40 Mio shares (well 20 Mio this, 20 Mio that) will get 50% of the revenue as dividends? The other 50% being invested in mining equipment / shares of other mining ops?

[kslaughter]

Did I get it right, that the 40 Mio shares (well 20 Mio this, 20 Mio that) will get 50% of the revenue as dividends? The other 50% being invested in mining equipment / shares of other mining ops?

Well each will get 50% of the revenue, that is the way it is setup for the first 12 months from the date of the IPO.  20 Million shares are reserved for the growth and expansion fund, so for the next 12 months that would be 50% of the revenue less expenses (max 10%), then that will drop to 20% of the revenue less expenses (max 10%) after the first 12 months.  The other 50% of revenue will be paid out as dividends to the investors each week for the next 12 months like above.  See our offering for full details: https://bitfunder.com/asset/AMC

[mrb]

AMC To Add 160,000 GH/s and Increase Its Revenue To $2,491.14 Per Day

SPRINGFIELD, MO, – May 3, 2013 – VMC a manufacture of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased enough Avalon chips from the successful AMC IPO to build the first two Fast-Hash-80's for AMC.  The two machines will add another 160,000 GH/s to the cooperative hashing power for a total of 544,000 GH/s.   At the current Difficulty of 10,076,292.88 this will add another $732.69 to AMC's revenue stream for a total of $2,491.14 per day.  AMC is a hybrid mining and development cooperative and a business unit of VMC.

Isn't there an error here? Two Fash-Hash-80 are 160 Gh/s, not 160000 Gh/s.
Same error in the next number: your total will be 544 Gh/s, not 544000 Gh/s. Right?

[kslaughter]

AMC To Add 160,000 GH/s and Increase Its Revenue To $2,491.14 Per Day

SPRINGFIELD, MO, – May 3, 2013 – VMC a manufacture of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased enough Avalon chips from the successful AMC IPO to build the first two Fast-Hash-80's for AMC.  The two machines will add another 160,000 GH/s to the cooperative hashing power for a total of 544,000 GH/s.   At the current Difficulty of 10,076,292.88 this will add another $732.69 to AMC's revenue stream for a total of $2,491.14 per day.  AMC is a hybrid mining and development cooperative and a business unit of VMC.

Isn't there an error here? Two Fash-Hash-80 are 160 Gh/s, not 160000 Gh/s.
Same error in the next number: your total will be 544 Gh/s, not 544000 Gh/s. Right?

Yes, Thanks for finding that.  Should be 160,000 MH/s

[kslaughter]

New Chips Coming For AMC Machines Will Revolutionize The Bitcoin Mining Market

SPRINGFIELD, MO, – May 9, 2013 – Virtual Mining Corporation (VMC) on behalf of AMC has announced today that they are in serious negotiations with a Major Semiconductor Company to produce 45nm and/or 28nm Bitcoin mining chips using AMC developed technology. Should these negotiations be successful, these chips will revolutionize the Bitcoin mining market. More to come at a latter time. AMC is a hybrid mining and development cooperative and a business unit of VMC.

[kslaughter]

SPRINGFIELD, MO, – May 14, 2013 – AMC has announced today that it has entered into an agreement with its parent company VMC. VMC will be providing credit to AMC so that AMC will be able to purchase its first batch of 100 Pre-Ordered machines. AMC will only have to provide VMC with a 10% deposit before the machines are shipped, AMC will pay VMC a 10% APR rate on its outstanding balance. VMC will use its Best Effort to provide the machines to AMC. AMC still has its first rights on machines it has the ability to fund. AMC will also provide machines to its Investors which have qualified under its Premier Investors Program. AMC estimates this will increase it hash rate to over 8,384,000 MH/s and its daily revenue to over $43,927.23 or $3,752,264.73 per year at the current difficulty. AMC is a hybrid mining and development cooperative and a business unit of VMC.

[kslaughter]

VMC Signs NDA with Major Semiconductor Company

San Jose, Ca – May 17, 2013 – VMC has concluded a meeting with a Major Semiconductor Company. After signing a mutual NDA the semiconductor company agreed to perform a feasibility study after receiving AMC RTL code. VMC's will be producing 45nm and 28nm chips for its Fast-Hash series of Bitcoin Mining Machines. AMC is a hybrid mining and development cooperative and a business unit of VMC.

AMC is traded here: https://bitfunder.com/asset/AMC

[Theraty]

HI, is there IP more IPO shares at .0005btc or are they sold?

[kslaughter]

HI, is there IP more IPO shares at .0005btc or are they sold?

Not at the present time, maybe later.

[SpaceProphet]

Hey AMC,

You mentioned the Avalon's shipped in April. Are you guys up and mining with them yet? 

Thanks in advance,
SP

[kslaughter]

Hey AMC,

You mentioned the Avalon's shipped in April. Are you guys up and mining with them yet?  

Thanks in advance,
SP

No, that was the news from Avalon in April.  Talked to Yufi at Bitcoin 2013 and he said they would start shipping this week.  What I expect is to have the machines mining by the end of the month.  However, this depends on Avalon.

[kslaughter]

Springfield, Mo – May 22, 2013 – AMC has announced today that they have started the process of porting their Bitcoin mining code to a FLip Chip 672 45nm. The port of AMC's code to this chip is expected to provide over 6 GH/s of hashing power per chip. AMC is a hybrid mining and development cooperative and a business unit of VMC.

[rikur]

Subscribed

[stereotype]

An interesting share, that im watching like a hawk. The (re)distribution of the order book looked a bit suspect to me, but at least we have some growing participation and interest now.

[kslaughter]

Yes, I think things are looking up.  If only the Avalon's would get here.

[stereotype]

Well i just bought in, so lets see. I see "If only the Avalon's would get here" as a collective chant of the world right now! Has no one done a mash-up/parody on Youtube yet?  

[ronaldlee0917]

How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?

[auto2nr1]

How do you distinguish between an early-adopter share and a normal share? Are the ones trading on BitFunder now early-adopter shares?

I would like to know as well.