Bitcoin Forum
November 20, 2018, 09:06:47 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 [3]  All
  Print  
Author Topic: AMC Has Again Increased its Future Hash Power: 5.651 TH/s Estimated.  (Read 3872 times)
drdanishkhan
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
May 30, 2013, 07:09:23 PM
 #41

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  Angry

BTC tip jar 1LrwjfQ41DA9u8PLcQBLp7CueoWotdKshq
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542704807
Hero Member
*
Offline Offline

Posts: 1542704807

View Profile Personal Message (Offline)

Ignore
1542704807
Reply with quote  #2

1542704807
Report to moderator
1542704807
Hero Member
*
Offline Offline

Posts: 1542704807

View Profile Personal Message (Offline)

Ignore
1542704807
Reply with quote  #2

1542704807
Report to moderator
kslaughter
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile WWW
May 30, 2013, 07:26:36 PM
 #42

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
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
May 30, 2013, 07:54:09 PM
 #43

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 Wink
Entropy-uc
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


View Profile
May 31, 2013, 01:54:47 AM
 #44

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? Smiley



(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
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
May 31, 2013, 03:15:47 AM
 #45

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). Undecided
Entropy-uc
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


View Profile
May 31, 2013, 03:22:55 AM
 #46

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
Full Member
***
Offline Offline

Activity: 148
Merit: 100



View Profile WWW
May 31, 2013, 07:15:22 AM
 #47

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.

BitcoinLove Bitcoin products on Zazzle.
BTC:  1BaRWVFD927cfDcCfxn9vhJn2L6ZKKNSP1
Entropy-uc
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


View Profile
June 01, 2013, 02:50:35 AM
 #48

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
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
June 01, 2013, 10:14:39 AM
 #49

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?).

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
SOSLOVE868
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
June 01, 2013, 04:52:36 PM
 #50

they might as well release a statement

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

I thought is 1000000THS/S?Huh Wink
kslaughter
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile WWW
June 02, 2013, 05:36:05 PM
 #51

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
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!