[AMC]-The Official Active Mining Cooperative Discussion

[stereotype]

Would love to know if all those options were purchased or removed? Was going in for more!

[kslaughter]

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

[abuelau]

Cool.

[Vbs]

SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

Very nice! Now, lets round up the funds for yet another 10k chips!

[kslaughter]

Yes, lets do that!

[mvidetto]

Are there any shares left at .0005?

[abuelau]

Insert Quote
Are there any shares left at .0005?

Too late... but there are still some at 0.0006 (will not be anymore soon). 

[hf]

kslaughter > Could you tell us how many of the 40M shares issued have been sold ?

[lewicki]

Once the dividends from the Avalons start rolling in within the month, AMC will be legitimitized.

Then once these chips being ordered start paying out, look out...

But when they start pumping out their own chips, the shits going to hit the fan - bitcoin shit that is.

People will get bored of ASICminer and they'll look elsewhere...

I'm excited.

[lewicki]

kslaughter > Could you tell us how many of the 40M shares issued have been sold ?

1,947,965 shares have been sold, most of which was in the past week.

Top 10 Shareholders:
AMC   23,042,035  2 reserves started at 40 million shares total
AMC   15,010,000
------------------
AMC   201,163
AMC   114,856
AMC   112,100
AMC   101,450
AMC   99,919
AMC   91,000
AMC   85,800
AMC   84,996
AMC   80,000
AMC   50,000

[abuelau]

So from the 40 million shares only 2 million have been sold?

If that's the case, I hope they don't sell the next batches at .0005 again?

[Vbs]

Are there any shares left at .0005?

Not guaranteedly, only if Ken/AMC decides to sell them at that price to cover for additional hardware/expenses. The only guaranteed prices are the ones in the ask wall. Take your chances!

[lewicki]

AMC has surpassed G.ASICMINER-PT on BitFunder in terms of BTC Volume for the past 24 hours.

AMC (฿358.49454076)
G.ASICMINER-PT (฿338.54703977)

[Vbs]

So from the 40 million shares only 2 million have been sold?

If that's the case, I hope they don't sell the next batches at .0005 again?

Don't fret so much about the price. It's all a matter of volume.

E.g., it's better to sell more at 0.0005 than less at 0.0006, if that means getting more batches of chips sooner than later. Time is really of the essence here.

[kslaughter]

kslaughter > Could you tell us how many of the 40M shares issued have been sold ?

20 Million are for the growth and expansion fund and will collect dividends to buy more mining equipment from VMC or others.  This shares most likely will not be sold, check our description on bitfunder.com for details.

20 Million are "Early Adopter Shares" and the first 5 Million of those shares are being sold now.

3,036,23 remaining of the 5 Million shares of the first batch as of the writing.

[kslaughter]

So from the 40 million shares only 2 million have been sold?

If that's the case, I hope they don't sell the next batches at .0005 again?

I would not count on .0005 again, I don't see that happening unless there is a crazy demand for capital.  I can't
rule that out, but I don't see it happening.

When the Avalon's get here and start mining there is going to be an inflow of capital to AMC from the 20 Million
growth and expansion fund shares.

[Surprise]

kslaughter, how much capital does AMC still need to pay VMC for the 10k chip order to go through? How much capital does AMC have now?

[iCEBREAKER]

AMC has surpassed G.ASICMINER-PT on BitFunder in terms of BTC Volume for the past 24 hours.

AMC (฿358.49454076)
G.ASICMINER-PT (฿338.54703977)

That's awesome!

They say 100TH is the new ASICMINER, but it's actually AMC (100TH did about 3% of the last 24hr volume AMC has). 

And VMC is the new Bitfountain.   


Ken, there are several mining companies looking to buy ASIC hardware.  They've been burned by BFL and/or Avalon and don't trust anyone now.

Are you going to approach them as potential VMC customers?  They have BTC saved up and are ready to buy when they find a trustworthy source with decent prices.

[wonker]

If only my WeExchange account would be activated and i could buy some shares too on BitFunder...

[Vbs]

So from the 40 million shares only 2 million have been sold?

If that's the case, I hope they don't sell the next batches at .0005 again?

I would not count on .0005 again, I don't see that happening unless there is a crazy demand for capital.  I can't
rule that out, but I don't see it happening.

When the Avalon's get here and start mining there is going to be an inflow of capital to AMC from the 20 Million
growth and expansion fund shares.

Thanks for the clarification! In any case, the 0.0006/share is selling fast!