[AMC]-The Official Active Mining Cooperative Discussion

[stereotype]

While it would be nice to have AMC listed on btct.co, I won't be surprised if it takes a long time to get approved or even doesn't.

Allowing anonymous moderator votes is as transparent as someone judging you while you wait outside the court. You never know what's coming and what are their true motives.

Every moderator should also be required to comment on their vote.

Yes, It is just like when Ukto required AMC to do a poll here in the forums.

Ive just noticed garr255 (Cognitive) had/has a vote. If anyone followed the 'Shillgate' affair, https://bitcointalk.org/index.php?topic=238474.0 ,its at best highly questionable, at worst, a complete farce.

[Vbs]

Ive just noticed garr255 (Cognitive) had/has a vote. If anyone followed the 'Shillgate' affair, https://bitcointalk.org/index.php?topic=238474.0 ,its at best highly questionable, at worst, a complete farce.

Everything considered, he did apologize and offered reparation. I just hope he realized that it's never worth it.

Anyway, you do raise an important issue, similar to what I said above. Why would any moderator that is also the issuer of a competing asset would want another competitor in there? Especially since votes can be anonymous, so true motives can be hidden.

[stereotype]

Ive just noticed garr255 (Cognitive) had/has a vote. If anyone followed the 'Shillgate' affair, https://bitcointalk.org/index.php?topic=238474.0 ,its at best highly questionable, at worst, a complete farce.

Everything considered, he did apologize and offered reparation. I just hope he realized that it's never worth it.

Anyway, you do raise an important issue, similar to what I said above. Why would any moderator that is also the issuer of a competing asset would want another competitor in there? Especially since votes can be anonymous, so true motives can be hidden.

Yes, that is the main point/issue.

Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence? 
Thats a rhetorical question, as ive kinda adjusted my expectations of the mods, issuers, and operators of late, and dont feel the need to make it an issue anymore.

Sorry if off topic, but needed to be high-lighted.   

[forensick]

Ive just noticed garr255 (Cognitive) had/has a vote. If anyone followed the 'Shillgate' affair, https://bitcointalk.org/index.php?topic=238474.0 ,its at best highly questionable, at worst, a complete farce.

Everything considered, he did apologize and offered reparation. I just hope he realized that it's never worth it.

Anyway, you do raise an important issue, similar to what I said above. Why would any moderator that is also the issuer of a competing asset would want another competitor in there? Especially since votes can be anonymous, so true motives can be hidden.

Yes, that is the main point/issue.

Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence? 
Thats a rhetorical question, as ive kinda adjusted my expectations of the mods, issuers, and operators of late, and dont feel the need to make it an issue anymore.

Sorry if off topic, but needed to be high-lighted.   

that´s true... get AMC listed on cryptostocks then...

[hf]

Yes, that is the main point/issue.

Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence?

He owns enough share to have the right to vote, that's it.

Frankly, he apologized and showed himself genuinely sorry. What he did was wrong, he knows it, he won't do it again, what can he do more ? He made a mistake, everybody does mistakes. Next mistake will be fatal of course, but I'm pretty confident he learned a lesson kind of the hard way.

[stereotype]

Yes, that is the main point/issue.

Im also considering how it must feel for established and experienced operators, to know that their venture could be decided by an 18 year old, who currently has shown themselves to have questionable judgement.... he is 18, of course his judgement is going to let him down! Despite the fact that he is a smart cookie, who has attempted to right a wrong, and will surely go far, why afford him that much influence?

He owns enough share to have the right to vote, that's it.

Frankly, he apologized and showed himself genuinely sorry. What he did was wrong, he knows it, he won't do it again, what can he do more ? He made a mistake, everybody does mistakes. Next mistake will be fatal of course, but I'm pretty confident he learned a lesson kind of the hard way.

He cant do any more. Its no longer about him.

Unless Ken has an opinion, best we leave it there.

[burnside]

While it would be nice to have AMC listed on btct.co, I won't be surprised if it takes a long time to get approved or even doesn't.

Allowing anonymous moderator votes is as transparent as someone judging you while you wait outside the court. You never know what's coming and what are their true motives.

Every moderator should also be required to comment on their vote.

No votes require comments.  The voting mechanism has a facility to make the comment either public or private though.  So the public might not see them, but the issuer will get them via email.

Cheers.

[Vbs]

No votes require comments.  The voting mechanism has a facility to make the comment either public or private though.  So the public might not see them, but the issuer will get them via email.

Cheers.

Good, but I'm sure you guys can do better.

Remember that from Anonimity to Impunity it's just a small step.

Making the process open and transparent will help to achieve reasonable and fundamented decisions, and will help to make sure the voting is as imparcial as possible.

Voting is to the benefit of btct.co as a whole and should not be able to be exploited by anyone who holds their best personal interests first.

[kslaughter]

VMC and AMC will be making a joint announcement this coming Thursday about
their Research And Development.

Timer removed. End time: 2013-06-27+18:00:00

[Vbs]

VMC and AMC will be making a join announcement this coming Thursday about
their Research And Development.

Anticipation building up...

[murfshake]

VMC and AMC will be making a join announcement this coming Thursday about
their Research And Development.

Trying to build up some hype!!! (stock prices)

[stereotype]

Where did all those lovely call options go, all of a sudden?  

[lewicki]

Where did all those lovely call options go, all of a sudden?  

Could be good or bad news. Making chips is expensive, I would expect some shares to be sold to pay for the costs by now.

[joele]

VMC and AMC will be making a join announcement this coming Thursday about
their Research And Development.

Trying to build up some hype!!! (stock prices)

Obviously, but I like it! more hype!

[runam0k]

So... nothing for sale yet on BTC-TC?

[🏰 TradeFortress 🏰]

VMC and AMC will be making a join announcement this coming Thursday about
their Research And Development.

An announcement about an announcement. Hmm

[lewicki]

Compiled list of posts of kslaughter concerning the upcoming news:

6/16/2013	We will have the prototype build[sic] in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested.  We will be posting pictures of the prototype when we receive it.
6/16/2013	Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you.  Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield.  His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person.  He has offered to help us set up our manufacturing line.
6/16/2013	Our prototype is in the process of being build[sic].  The estimate on the time to get it completed is three weeks.  The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment. How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications.  What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases.  So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit.  Each card will be 75 GH/s.  These specification are subject to change as we are still working on our 45nm and 28nm chips. The plan for the 45nm and or 28nm chip is to build the card about and an even fast[sic] card with the 28nm chip.
6/18/2013	...our future series will have a motherboard and you will be able to mine LTC with the CPU on those units.
6/18/2013	I have been busy getting our own chip going.
6/18/2013	We are waiting on some results for our own chip before we would make a decision on BFL chips.
6/20/2013	The news we have received is still unfolding and may take a few more days before it is released.
6/20/2013	Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.
6/22/2013	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.
6/22/2013	News is coming soon!
6/23/2013	Not yet, hold on to your horses.

It looks like AMC has an Avalon protoype being wrapped up in the next week or two, and news about AMC's own proprietary chip is being released this upcoming thursday.

This along with 5 million shares being sold on BTC-TC after approval tells me that we will be moving forward with AMC's chip design since:

Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.

We have a few weeks ahead of us that will be very interesting.

If we make it through August alive, look out.

[kslaughter]

Compiled list of posts of kslaughter concerning the upcoming news:

6/16/2013	We will have the prototype build[sic] in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested.  We will be posting pictures of the prototype when we receive it.
6/16/2013	Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you.  Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield.  His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person.  He has offered to help us set up our manufacturing line.
6/16/2013	Our prototype is in the process of being build[sic].  The estimate on the time to get it completed is three weeks.  The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment. How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications.  What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases.  So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit.  Each card will be 75 GH/s.  These specification are subject to change as we are still working on our 45nm and 28nm chips. The plan for the 45nm and or 28nm chip is to build the card about and an even fast[sic] card with the 28nm chip.
6/18/2013	...our future series will have a motherboard and you will be able to mine LTC with the CPU on those units.
6/18/2013	I have been busy getting our own chip going.
6/18/2013	We are waiting on some results for our own chip before we would make a decision on BFL chips.
6/20/2013	The news we have received is still unfolding and may take a few more days before it is released.
6/20/2013	Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.
6/22/2013	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.
6/22/2013	News is coming soon!
6/23/2013	Not yet, hold on to your horses.

It looks like AMC has an Avalon protoype being wrapped up in the next week or two, and news about AMC's own proprietary chip is being released this upcoming thursday.

This along with 5 million shares being sold on BTC-TC after approval tells me that we will be moving forward with AMC's chip design since:

Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.

We have a few weeks ahead of us that will be very interesting.

If we make it through August alive, look out.

@lewicki You are very sharp! 

[Vbs]

AMC-PT is a few days now waiting for approval on btct.co and no one has read thoroughly the description?

https://btct.co/security/AMC-PT

Hint: Details tab > Ctrl+F "NRE"

VMC and AMC will be making a joint announcement this coming Thursday about
their Research And Development.

Timer removed. End time: 2013-06-27+18:00:00

Lol! Yes, let's hope everyone survives the wait...

[forensick]

Btw great promo, pity i didn't buy more shares :-) still i have some funds waiting for brct.to listing. Stock fever like apple some years ago, have to be patient for correction... btw Ken, you should have also own trading department and make more profits like marketmaker :-) just joking. If you keep your plans, price will go much higher