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 Bitcoin mining is a very competitive business, hardware becomes outdated in no time, your claimed 5.651TH is nothing after a few months, dare I say.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 Bitcoin mining is a very competitive business, hardware becomes outdated in no time, your claimed 5.651TH is nothing after a few months, dare I say.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.