[AMC]-The Official Active Mining Cooperative Discussion

[lewicki]

Well, given what happened last time I mentioned this, I am less apt to believe that someone has bought a massive amount of shares. However:

AMC   20,000,000
AMC   13,809,057
----------------
AMC   1,005,320
AMC   617,206
AMC   304,678
AMC   216,091
AMC   200,000
AMC   187,000
AMC   149,919
AMC   148,204
AMC   104,475
AMC   100,544

Even with those 1,005,320 shares taken into account, roughly 200,000 are missing from the 15mil address.

[kslaughter]

Current PPLNS Luck:

Average luck per 10 shifts [Since Difficulty Change]

64.97%  145.70%  106.49%  93.35%  101.57%  98.68%  135.04%  130.17%  125.31%  139.82%  

Past luck is not an indication of future results.

Is...is this the news?

No, just keeping everyone informed about what is going on, good and bad.

Here is an update on the current luck:

Average luck per 10 shifts [Since Difficulty Change]
120.35%  69.82%  147.37%  100.75%  98.24%  97.55%  104.36%  131.74%  132.66%  125.40% 
141.12% 

[kosmokramer]

You have BFL chip credits; I have AMC shares.

Let's make a deal.

Last I read it's ~15-20 shares/chip credit? PM me.

[LiteBit]

Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

[lewicki]

Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

Private trades are 1 way. Shares trade hands, that's it.

https://bitfunder.com/asset/AMC check the trade history tab. Nothing had been sold/bought below .00077 in the past 48 hours.

It must be a bug (the time range is probably screwed up).

[TaxReturn]

Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

Exercised options, Ukyo already said that those will be hidden from the overview as well in the future.

[kslaughter]

Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

Exercised options, Ukyo already said that those will be hidden from the overview as well in the future.

I have told Ukto about this bug, so he is aware of the problem.

[kslaughter]

Thanks for investing in AMC.  Yes, you are right about being to optimistic with what we have now.  Now lets look down the line a bit.  We have a total of 5.651 TH/s coming on in the next 2 months, plus 10% royalties from VMC for machine sales and chips sales.  So, just use the 5.651 TH/s in 2 months and estimate what the dividends will be with an increase in difficulty.  Use 40,000,000 shares as that is all that gets dividends for the next 11 months.

I have very high hopes for AMC (currently holding a large number of shares).  Being completely pragmatic however forces me to temper my optimism.  Below are the reasons why I've been holding at .0008 and not buying too many more.

1) The remaining 15 million shares need to be sold before the price will appreciably rise.  Investors appear to be unwilling (rightly so) to pay more than .0008/share when Ken could post the remaining shares at .0008 at any time.  I don't know what the solution to this problem is, possibly offer 5 mill shares on each btct.co and havelockinvestments.com?  Ken's goal was to let the market decide the price before issuing the remaining shares, but the looming flood of shares is artificially keeping the share price down.

This sounds like a excellent idea.

2) We appear to be behind the ball attempting to design and sell 110nm mining rigs when 65nm are starting to ship and 28nm look to be shipping in September.  I'm not sure how much interest there will be today in pre-ordering a fast-hash 80 device at current price/power points.  I don't see hardware sales positively effecting share price until we can get in front of the ball.  I could see interest in pre-orders for 28nm chips if a reference PCB design was published and more was known about production agreements.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

[stereotype]

Thanks for investing in AMC.  Yes, you are right about being to optimistic with what we have now.  Now lets look down the line a bit.  We have a total of 5.651 TH/s coming on in the next 2 months, plus 10% royalties from VMC for machine sales and chips sales.  So, just use the 5.651 TH/s in 2 months and estimate what the dividends will be with an increase in difficulty.  Use 40,000,000 shares as that is all that gets dividends for the next 11 months.

I have very high hopes for AMC (currently holding a large number of shares).  Being completely pragmatic however forces me to temper my optimism.  Below are the reasons why I've been holding at .0008 and not buying too many more.

1) The remaining 15 million shares need to be sold before the price will appreciably rise.  Investors appear to be unwilling (rightly so) to pay more than .0008/share when Ken could post the remaining shares at .0008 at any time.  I don't know what the solution to this problem is, possibly offer 5 mill shares on each btct.co and havelockinvestments.com?  Ken's goal was to let the market decide the price before issuing the remaining shares, but the looming flood of shares is artificially keeping the share price down.

This sounds like a excellent idea.

2) We appear to be behind the ball attempting to design and sell 110nm mining rigs when 65nm are starting to ship and 28nm look to be shipping in September.  I'm not sure how much interest there will be today in pre-ordering a fast-hash 80 device at current price/power points.  I don't see hardware sales positively effecting share price until we can get in front of the ball.  I could see interest in pre-orders for 28nm chips if a reference PCB design was published and more was known about production agreements.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

Oh Ken, you tease    Exciting stuff. Thanks for the update.

[lewicki]

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

What is going to happen to the older machines that AMC purchases? I believe you mentioned that the machines will be modular, will that come into play?

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

My body is ready.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Lots of consolidation going on in the .0008 range. A lot of flippers that bought at .0005 have dumped their shares at .0008 to new holders. In the near future I see us moving past .0008 after all the flippers have sold.

[kslaughter]

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

What is going to happen to the older machines that AMC purchases? I believe you mentioned that the machines will be modular, will that come into play?

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

My body is ready.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Lots of consolidation going on in the .0008 range. A lot of flippers that bought at .0005 have dumped their shares at .0008 to new holders. In the near future I see us moving past .0008 after all the flippers have sold.

Yes, I see than happening soon.

[TheFuneral]

is there any update on the hardware you're making? Or is this a mining only now?

[hl5460]

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

What is going to happen to the older machines that AMC purchases? I believe you mentioned that the machines will be modular, will that come into play?

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

My body is ready.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Lots of consolidation going on in the .0008 range. A lot of flippers that bought at .0005 have dumped their shares at .0008 to new holders. In the near future I see us moving past .0008 after all the flippers have sold.

Yes, I see than happening soon.

Hi Ken, do you want to upgrade the current avalon rigs to 240G/h. Check out the link: https://bitcointalk.org/index.php?topic=140539.1060

[dhenson]

This is a scAM. It is also ILLEGAL. Just add S. You have SCAM.

Where are you licenses? Where is your registration with SEC?

Ignore this guy, he's trolling all the securities.  He posted this in the AM thread:

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

[kslaughter]

Yes, the Bitcoin market is moving very fast, however by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning.

What is going to happen to the older machines that AMC purchases? I believe you mentioned that the machines will be modular, will that come into play?

Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.

My body is ready.

That being said, I have high hopes, but don't really see the share price moving in the short term.

Lots of consolidation going on in the .0008 range. A lot of flippers that bought at .0005 have dumped their shares at .0008 to new holders. In the near future I see us moving past .0008 after all the flippers have sold.

Yes, I see than happening soon.

Hi Ken, do you want to upgrade the current avalon rigs to 240G/h. Check out the link: https://bitcointalk.org/index.php?topic=140539.1060

Thanks, I will check that out.

[kslaughter]

is there any update on the hardware you're making? Or is this a mining only now?

News is coming soon!

[Vbs]

Hi Ken, do you want to upgrade the current avalon rigs to 240G/h. Check out the link: https://bitcointalk.org/index.php?topic=140539.1060

As long as they don't melt!

[kslaughter]

Hi Ken, do you want to upgrade the current avalon rigs to 240G/h. Check out the link: https://bitcointalk.org/index.php?topic=140539.1060

As long as they don't melt!

@Vbs My exact thinking.

[Mabsark]

Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?

[kslaughter]

Hey Ken, I just seen an AMC-PT listing on BCT-TC. Looking at the details, I noticed that the contact details was for an address in London. Did you list this yourself or has someone else beaten you to the punch?

VMC has spun off AMC as its own corporation:

Active Mining Corporation (AMC) is a Belize International Business Company DBA Active Mining Cooperative

All contract between the VMC's business unit (AMC) and the new corporation have been assumed by the
new corporation.

In no way does this affect shareholders in the cooperative.

Yes this is our new office address:

Active Mining Corporation
95 Wilton Road
Suite 3
London
SW1V 1BZ
United Kingdom
Fax: +44 (0)20 3004 1756

DBA Active Mining Cooperative (AMC)

Yes, that is our listing on BTC-TC.