AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated.

[kslaughter]

SPRINGFIELD, MO, – May 29, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they will purchase a second full batch (10,000) of Avalon chips to build ~31 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s. At the current Difficulty (which may be more or less in the future) of 12,153,412 this will bring the estimated total revenue as of this writing to a total of $30,318.86 per day and a yearly amount of $8,681,346.78. Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).

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[davos]

what was the previous hash power? besides zero. otherwise what are you announcing other than an increase of x% over your previous claim of infinitely more hashing power than you actually have?

[ThickAsThieves]

C'mon man...

[mvidetto]

I guess we'll just continue to spam forums with an overpriced AsicMiner 2.0 that is inferior in every way...

[Kushedout]

Just sold it all. I am out of this.

[lysr]

If and only if you would give a precise date of deployment of your claimed hash rate and the projected revenue based on the predicted difficulty at that time, your report would look more convincing. Calculating the projected profit based on today's difficulty is misleading. Bitcoin mining is a very competitive business, hardware becomes outdated in no time, your claimed 5.651TH is nothing after a few months, dare I say.

[kslaughter]

If and only if you would give a precise date of deployment of your claimed hash rate and the projected revenue based on the predicted difficulty at that time, your report would look more convincing. Calculating the projected profit based on today's difficulty is misleading. Bitcoin mining is a very competitive business, hardware becomes outdated in no time, your claimed 5.651TH is nothing after a few months, dare I say.

Deployment of 6 Avalon's in a couple of weeks, if Avalon ships the units soon.

68 16 chip BkkCoin boards in 4-6 weeks

10,000 Avalon chip order in 9-10 weeks

Second batch of 10,000 Avalon chips 9-10 weeks after we place the order.

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

[ThickAsThieves]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

[murfshake]

Did this really need a whole new thread when the same thing is right below?

[kslaughter]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do.  Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

[🏰 TradeFortress 🏰]

The difficulty isn't going to go down with more mining hardware. We have had difficulty increases of 500x in a year with new technologies (GPU mining), same things will happen after supply issues are resolved

This asset is pure shit. Drafted by teh guy that thinks he can mine more coins in a year than the total reward.

[FloatesMcgoates]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do.  Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You guys cant extrapolate a nearly linear increase of 6-9 th/s every other week as has been going on for the past few months?

[ThickAsThieves]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do.  Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

[Bonam]

The way you have phrased the title is very (seemingly intentionally) misleading. You really can't claim any revenue, let alone a USD value specific down to the dollar. The title should state your projected hash power and nothing at all about revenue.

Try:

AMC Is Again Increasing its Future Hash Power: 5.651 TH/s Estimated.

Or:

AMC Orders Another Batch of Avalon Chips, Raising Future Hash Power to 5.65 TH/s.

If you want to talk about an estimated/projected future revenue in USD, you can mention that in the text rather than the title. Keep in mind that you disclaim possible changes in difficulty, but make no statement about uncertainty of the future exchange rate between BTC and USD, which directly effects your claimed revenue number. But with the way you have the title phrased, it reeks of nothing but scam.

[kslaughter]

The difficulty isn't going to go down with more mining hardware. We have had difficulty increases of 500x in a year with new technologies (GPU mining), same things will happen after supply issues are resolved

This asset is pure shit. Drafted by teh guy that thinks he can mine more coins in a year than the total reward.

I am sorry you feel that way TradeFortress.  You was giving me S*** a month ago, now AMC went to number 1 on Bitfunder.
So it seems a lot of Investors don't think the way you do.  

[Caesium]

now AMC went to number 1 on Bitfunder.

What metric are you measuring this by?

[kslaughter]

The way you have phrased the title is very (seemingly intentionally) misleading. You really can't claim any revenue, let alone a USD value specific down to the dollar. The title should state your projected hash power and nothing at all about revenue.

Try:

AMC Is Again Increasing its Future Hash Power: 5.651 TH/s Estimated.

Or:

AMC Orders Another Batch of Avalon Chips, Raising Future Hash Power to 5.65 TH/s.

If you want to talk about an estimated/projected future revenue in USD, you can mention that in the text rather than the title. Keep in mind that you disclaim possible changes in difficulty, but make no statement about uncertainty of the future exchange rate between BTC and USD, which directly effects your claimed revenue number. But with the way you have the title phrased, it reeks of nothing but scam.

Yes, I guess I should disclaim the current exchange rate.  Nice titles.

[kslaughter]

now AMC went to number 1 on Bitfunder.

What metric are you measuring this by?

The standard one when you bring up the bitfunder page.  AMC was number 1 for about 24 hours.

[Bonam]

That metric would be 24 hour volume (in BTC).

[Caesium]

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

[kslaughter]

That metric would be 24 hour volume (in BTC).

Yes

[kslaughter]

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

[ThickAsThieves]

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

How much of your recent volume is you buying AMC shares?

[kslaughter]

That metric would be 24 hour volume (in BTC).

Was going to say, that would be the one that made sense to me, and they're not #1 for that now.

No not #1 now, G.ASICMINER-PT dividends are due today, so its volume always goes up.

How much of your recent volume is you buying AMC shares?

Not much.

[Mabsark]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do.  Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

Why is he a hideous human being?

I've been mining since the CPU days and know for a fact that difficulty can go down as I've seen it happen numerous times. It it becomes unprofitable for miners to mine, some will stop mining. For example, if all the GPU miners stop mining, do you think that will cause an increase in difficulty?

[stslimited]

lol a Vanautu IBC

this is actually pretty interesting since you can purchase mining equipment completely with bitcoins your IBC doesn't need a bank account I am assuming?

[kslaughter]

lol a Vanautu IBC

this is actually pretty interesting since you can purchase mining equipment completely with bitcoins your IBC doesn't need a bank account I am assuming?

Maybe not, getting one anyway.

[🏰 TradeFortress 🏰]

Calculating the projected profit on today's difficulty is the only was to get an idea of what the profit might be.

I fully disclose that the difficulty may increase or decrease in the future and the projected profit is an estimate.

how about you assume something modest, like 15% difficulty increase per month?

How is that any better, what if something happen and the difficulty went down, nobody really know what the
difficulty is going to do.  Seems to me to just calculate it at what we know and make a disclosure that the
difficulty may go up or may go down in the future and these are just estimates.

You are a hideous human being. Name one reasonable indicator that difficulty will go down. On top of that, name one scenario where difficulty goes down and btc/usd rate doesn't go down with it.

Even if you could make reasonable examples, they would pale in comparison to the indicators that say difficulty will go up.

FOR EXAMPLE: IF YOU PUT 5.6TH ONLINE, GUESS WHAT WILL HAPPEN TO THE NETWORK DIFFICULTY...

Why is he a hideous human being?

I've been mining since the CPU days and know for a fact that difficulty can go down as I've seen it happen numerous times. It it becomes unprofitable for miners to mine, some will stop mining. For example, if all the GPU miners stop mining, do you think that will cause an increase in difficulty?

So have I. The difficulty isn't going to go down until it is MUCH MUCH (~1000x) higher than now, when sometimes first gen asics could become unprofitable. When GPU miners stop mining, there will be more than enough ASICs deployed to offset it.

Yes, the difficulty might go down by 1 or 2% a couple of times, but when you start looking at the long term the difficulty is going to go up up up.

[Entropy-uc]

I'm glad to see that I'm not the only one that sees the blatant scam that is AMC.

Weekly 'press releases' reporting on the owners bowel movements don't make a company.

[Vbs]

If someone would be so kind as to review my figures, I'd really appreciate it!

I did today some quick math on the investment return, might as well share it with everyone.

I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable ) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).

Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).

ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.



I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!

[mvidetto]

If someone would be so kind as to review my figures, I'd really appreciate it!

I did today some quick math on the investment return, might as well share it with everyone.

I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable ) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).

Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).

ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.



I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!

Increasing network power by 20 TH/s per month... Really accurate... Why can't people just use normal extrapolations like 15%-20%...

[Entropy-uc]

If someone would be so kind as to review my figures, I'd really appreciate it!

I did today some quick math on the investment return, might as well share it with everyone.

I considered only the hardware stated below and assumed a linear 20TH/month increase in difficulty, already starting "aggressively" (debatable ) at ~178TH/s in june (bear in mind that at today's difficulty, 390GH/s would yield BTC491/month).

Div/share/month is based on the 40,000,000 split, with the accumulated BTC in the "Growth/Expansion Fund" also shown (minimum of 20M shares).

ROI shown for BTC5E-4 and BTC10E-4 share price, current share price is at ~BTC9E-4.



I'm expecting the numbers to get even better with announcements of even more hardware buys. Lets keep the "Growth/Expansion Fund" always depleted!

You don't account for the huge demand for capital to build out the Avalon chips.  There won't be any dividends for a long time, or existing shareholders will be greatly diluted.  You need to show KC's cut of dividends, plus his reinvestment plans to be accurate.

Is AMC getting free electricity, bandwidth, space and support staff?  I think those expenses consume 10% of ASICMiner's dividends.  With much smaller scale, costs will be much higher.

Also there is no way the chips will come online in July.  Even if Avalon delivers on time, which would be very much out of character, building and debugging boards will take weeks at best.

Similarly, it is unlikely that you will see a full month of hashing from the 6 Avalons.  June is tomorrow and there are no Avalons so far.

[Vbs]

Thanks for the input! AFAIK, reinvestment is coming from the "Growth/Expansion Fund" (>=20M shares) and selling of shares. The values for the "Growth/Expansion Fund" represent the available BTC for reinvestment from the 20M accumulated share dividends.

Looking better?



(Acc stands for Accumulated).

[mvidetto]

Much more accurate, still a terrible investment b/c at current valuations it is worth 1/10 of asicminer.  I probably don't need to point this out but Asicminer is already proven and controlling more than 10x the network power that this company ever will.

[Vbs]

Much more accurate, still a terrible investment b/c at current valuations it is worth 1/10 of asicminer.  I probably don't need to point this out but Asicminer is already proven and controlling more than 10x the network power that this company ever will.

Asicminer is currently yielding around annual 44-52%. https://btct.co/security/ASICMINER-PT > History.

[auto2nr1]

Please no more press releases like this. The next press release should be when the 6 Avalon's have been received and are up and running.

[drdanishkhan]

they might as well release a statement

AMC is again increasing its FUTURE hash power : 10000TH/s Estimated   

[Caesium]

Let them play in the sand. A few more useless press releases like this one and everyone will stop paying attention entirely, so that when they do have something useful to say, nobody will be listening.

[kslaughter]

Please no more press releases like this. The next press release should be when the 6 Avalon's have been received and are up and running.

You can bet, that I will do a press release on that.

[mvidetto]

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

[drdanishkhan]

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

+1 

[kslaughter]

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

FYI "Press Releases" are not from the press, but for the press.

[ThickAsThieves]

FYI it's not a "press release" if it's not released by the press.  It should be called a news manipulation for marketing scheming.

FYI "Press Releases" are not from the press, but for the press.

An ounce of truth from a pound of vapor

[Entropy-uc]

Thanks for the input! AFAIK, reinvestment is coming from the "Growth/Expansion Fund" (>=20M shares) and selling of shares. The values for the "Growth/Expansion Fund" represent the available BTC for reinvestment from the 20M accumulated share dividends.

Looking better?



(Acc stands for Accumulated).

You still haven't accounted for the number of outstanding shares.  AMC has 100M total.  40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it).  The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).

So dividends paid to share holders will be 2/22 M  = 0.09 of profits initially.  Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.

Put that in your spreadsheet and understand why you should sell while Kevin is pumping.

[Vbs]

You still haven't accounted for the number of outstanding shares.  AMC has 100M total.  40 M held by Kevin, 2 M sold, and 20M for a 'reinvestment account' (the same scam Ian Bakewell used, research it).  The other 38M I assume are to be sold to raise money (AMC needs at least $2M in capital to cover their published plans).

So dividends paid to share holders will be 2/22 M  = 0.09 of profits initially.  Eventually this is diluted to 0.02 of profits, and Kevin holds voting right to do whatever he pleases.

Put that in your spreadsheet and understand why you should sell while Kevin is pumping.

Until 12 months or a dividend payout of 0.0005/share, AMC has 40M issued shares. Of those, any not sold are considered Growth/Expansion Fund shares.

On my spreadsheet I already accounted the 1/40M split in the "Dividends/share/month", so those are the dividends each share gets, independently of the amount of shares sold.

The Growth/Expansion Fund estimates assumes only the incoming dividends from 20M shares, so if there are only 2M sold, the dividends should assume 38M shares, almost doubling the available BTC/month for growth purposes.

When AMC transitions to 100M issued shares, each share profits will decrease 60%. IIRC, Asicminer's dividends decreased ~71% when they exited the "shareholder protection" plan (0.00750846/0.02600008).

[Entropy-uc]

Comparing this venture to ASICMINER is like comparing a fully restored Ferrari to a rusted out 60s era VW.

ASICMINER paid out 100% of initial capital in less than a month.  This POS won't pay back in 1 year, even using your fantasy numbers.

On top of that Kevin's structure of the company is straight from scammer Ian Bakewell's playbook.  And his daily press release strategy, and pumping of stock prices is standard penny stock fraud operating principles.

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

[Lorren]

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.

[Entropy-uc]

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.

The fraudulent press releases are gone from Bitfunder now.  Thanks Ukyo!

AMC = BFL 2.0 has to be the best explanation of this company I have seen.

[MPOE-PR]

NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.

This was what was most concerning to me.  That and the overhyped press releases.  I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in.  I did get out at a profit.  If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term.

The fraudulent press releases are gone from Bitfunder now.  Thanks Ukyo!

AMC = BFL 2.0 has to be the best explanation of this company I have seen.

Awww, but I was looking forward to more increased estimated output of virtual mining equipment press releases (did I add enough nouns in there?).

[SOSLOVE868]

they might as well release a statement

AMC is again increasing its FUTURE hash power : 10000TH/s Estimated   

I thought is 1000000THS/S?

[kslaughter]

SPRINGFIELD, MO, – June 2, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines has announced today that they have purchased a second full batch (10,000) of Avalon chips (Order # 10473)  to build ~31 Fast-Hash-80's for AMC, this would bring AMC's machine total to ~71 units. The ~71 machines will bring the cooperatives hash power to ~5,650,816 MH/s, ~35,651 GH/s, or ~5.651 TH/s.  Active Mining Corporation is a Vanuatu International Business Company DBA Active Mining Cooperative (AMC).

You can use the link below to calculate the income:

http://www.bitcoinx.com/profit/

Estimated Hash Rate: 5,650,816
Estimated Power: ~60,000

Avalon Shopping Cart Screenshot:

https://bitfunder.com/asset/AMC profile->images