AMHash1: Cost-Effective Mining Contract

[flame1012]

Is the dividend for the day delayed, or is it not coming at all 

 Holy shit!  SELL  SELL SELL!! I'm waiting

There's no announcement about it, your joke may turn to reality in no time.

[galdur]

I wouldn´t worry too much. Worst case scenario, you need to sell. Not much of a problem. There´s a whopping ten thousand units down to .0005

[galdur]

What the hell is keeping them anyway ? I was gonna buy some maybe.

What kind of customer service is this ? No announcement of any malfunction or anything.

Not acceptable.

[xhomerx10]

Is the dividend for the day delayed, or is it not coming at all  

 Holy shit!  SELL  SELL SELL!! I'm waiting

There's no announcement about it, your joke may turn to reality in no time.

 A watched pot never boils.  You'll get the dividend.  Maybe AMHash is late transferring the coin.

Edit: Look they already have a contingency for delayed dividend payments-

Risk Control

3. If the delay of payment happens, all unpaid payments will be accounted separately on daily basis and increase by 0.02% per day(flat rate based on the initial unpaid payment amount, no compound rate) after three days.

[flame1012]

Is the dividend for the day delayed, or is it not coming at all 

 Holy shit!  SELL  SELL SELL!! I'm waiting

There's no announcement about it, your joke may turn to reality in no time.

 A watched pot never boils.  You'll get the dividend.  Maybe AMHash is late transferring the coin.

The lack of information is annoying, I could hardly stop my friends from selling their shares.
It's night in China, it will take a while to get any explanations.

[galdur]

Is the dividend for the day delayed, or is it not coming at all 

 Holy shit!  SELL  SELL SELL!! I'm waiting

There's no announcement about it, your joke may turn to reality in no time.

 A watched pot never boils.  You'll get the dividend.  Maybe AMHash is late transferring the coin.

The lack of information is annoying, I could hardly stop my friends from selling their shares.
It's night in China, it will take a while to get any explanations.

Yeah, the autopilot has kicked off and the wankers are asleep. Most likely.

[Puppet]

When I check dividends, I see this:

Code:

2015-01-29	2015-01-29	0.00000512

Did those divs not hit your wallets?

[flame1012]

Confirmation: dividends arrived.

[xhomerx10]

When I check dividends, I see this:

Code:

2015-01-29	2015-01-29	0.00000512

Did those divs not hit your wallets?

 Why'd you do that?  We were waiting for some cheap shares

[galdur]

The price is a little too high for my liking, given the dividend,  but nothing unreasonable.

Then again bitcoin is showing some signs of life however long that lasts.

[ajw7989]

Payment was sent slightly delayed but sent a bit ago

[galdur]

Now, that was a very vigorous rally, what 170 to 300+. Might not be quite out of gas just yet. We´ll see.

Notice how after the big pop there it gets ready to resume the upward march line and then BAM.

[galdur]

Here´s a more compressed view of the volume coming in to cut that upward line after the pop. It´s just food for thought, take it for what it´s worth.

[TheRama]

Sorry if this is a super newbie question, but I am trying to understand what this is...

Please let me know if I got this right:

The bitcoin mining difficulty is constantly increasing as more people are competing to mine the same # of bitcoins and the number of "mine-able" bitcoins decrease.

AMHASH1 is a contract for the use of the current mining equipment on hand right now and AMHASH1 will never upgrade its equipment through their servicing fee.  This equipment will eventually be made obsolete because of the mining difficulty issue.  Once the equipment becomes too inefficient to produce a profit for the contract holders they will cease operation, the shares will no longer pay a dividend and will become worthless.

The primary variables that affect how long the cloudmining contract can continue and produce dividends is the price of BTC and  the rate of the increase of the mining difficulty.  Contract holders are just speculating that the contract will eventually at least pay dividends worth at least 100% of the price of the contract before AMHASH1 inevitably goes out of business.


Is this roughly how this works?

[xhomerx10]

Sorry if this is a super newbie question, but I am trying to understand what this is...

Please let me know if I got this right:

The bitcoin mining difficulty is constantly increasing as more people are competing to mine the same # of bitcoins and the number of "mine-able" bitcoins decrease.

AMHASH1 is a contract for the use of the current mining equipment on hand right now and AMHASH1 will never upgrade its equipment through their servicing fee.  This equipment will eventually be made obsolete because of the mining difficulty issue.  Once the equipment becomes too inefficient to produce a profit for the contract holders they will cease operation, the shares will no longer pay a dividend and will become worthless.

The primary variables that affect how long the cloudmining contract can continue and produce dividends is the price of BTC and  the rate of the increase of the mining difficulty.  Contract holders are just speculating that the contract will eventually at least pay dividends worth at least 100% of the price of the contract before AMHASH1 inevitably goes out of business.


Is this roughly how this works?

  The AMHash1 contract will expire based on predetermined variables that are clearly laid out in the first post of this thread.  How you come to the illogical conclusion that AMHash1 inevitably goes out of business and who are you going to believe if you get both answers to your question?
 

[thevictimofuktyranny]

Sorry if this is a super newbie question, but I am trying to understand what this is...

Please let me know if I got this right:

The bitcoin mining difficulty is constantly increasing as more people are competing to mine the same # of bitcoins and the number of "mine-able" bitcoins decrease.

AMHASH1 is a contract for the use of the current mining equipment on hand right now and AMHASH1 will never upgrade its equipment through their servicing fee.  This equipment will eventually be made obsolete because of the mining difficulty issue.  Once the equipment becomes too inefficient to produce a profit for the contract holders they will cease operation, the shares will no longer pay a dividend and will become worthless.

The primary variables that affect how long the cloudmining contract can continue and produce dividends is the price of BTC and  the rate of the increase of the mining difficulty.  Contract holders are just speculating that the contract will eventually at least pay dividends worth at least 100% of the price of the contract before AMHASH1 inevitably goes out of business.


Is this roughly how this works?

Close enough to sound true, without being true

Difficulty goes up; difficulty goes down

Gen 3 AMhash, will continue to pay a dividend until the maintenance fee (electricity + labor) exceeds the dividend for 10 days: This is called the 10 day rule

Gen 3 AMhash will definitely cease at the next Block halving in the middle of 2016. Therefore, it is possible that dividends could carry on for 1 year 6 months.

BTC price determines the size of the dividend. Current difficulty determines the size of dividend.

AMhash never goes out of business, merely the Gen 3 mining equipment in the Bitcoin farm you are buying a share in, ceases to produce coins exceeding the maintenance fee.

AMhash can build new farms e.g. Gen 4 mining equipment Bitcoin farm in the future for themselves or for us or for big investors  

Recently, there was 5% decrease in mining difficulty, which increased the dividend a little bit. Before that, the BTC price fell below $209, which greatly reduced the dividend. The latter always has the biggest impact on the dividend.

Hope that helps, whatever decision you are contemplating

[TheRama]

Sorry if this is a super newbie question, but I am trying to understand what this is...

Please let me know if I got this right:

The bitcoin mining difficulty is constantly increasing as more people are competing to mine the same # of bitcoins and the number of "mine-able" bitcoins decrease.

AMHASH1 is a contract for the use of the current mining equipment on hand right now and AMHASH1 will never upgrade its equipment through their servicing fee.  This equipment will eventually be made obsolete because of the mining difficulty issue.  Once the equipment becomes too inefficient to produce a profit for the contract holders they will cease operation, the shares will no longer pay a dividend and will become worthless.

The primary variables that affect how long the cloudmining contract can continue and produce dividends is the price of BTC and  the rate of the increase of the mining difficulty.  Contract holders are just speculating that the contract will eventually at least pay dividends worth at least 100% of the price of the contract before AMHASH1 inevitably goes out of business.


Is this roughly how this works?

Close enough to sound true, without being true

Difficulty goes up; difficulty goes down

Gen 3 AMhash, will continue to pay a dividend until the maintenance fee (electricity + labor) exceeds the dividend for 10 days: This is called the 10 day rule

Gen 3 AMhash will definitely cease at the next Block halving in the middle of 2016. Therefore, it is possible that dividends could carry on for 1 year 6 months.

BTC price determines the size of the dividend. Current difficulty determines the size of dividend.

AMhash never goes out of business, merely the Gen 3 mining equipment in the Bitcoin farm you are buying a share in, ceases to produce coins exceeding the maintenance fee.

AMhash can build new farms e.g. Gen 4 mining equipment Bitcoin farm in the future for themselves or for us or for big investors  

Recently, there was 5% decrease in mining difficulty, which increased the dividend a little bit. Before that, the BTC price fell below $209, which greatly reduced the dividend. The latter always has the biggest impact on the dividend.

Hope that helps, whatever decision you are contemplating

Appreciate it.  That actually clarified a lot for me.

Cheers.

[galdur]

TheRama, when you buy those cloud mining contracts or units or whatever else it´s called, you are in effect lending the operators money to upgrade their equipment or expand their current one or other things they need money for.

So, it´s really just a question of yield demand and whether it´s a buyer´s or a seller´s market. And yes, the lower the price of BTC the higher the risk of the yield of those debt contracts going to zero and the contracts becoming worthless.

Market sense: As a result, based on current market conditions demand the highest possible yield and therefore the shortest possible term of ROI. I think .7%/day or ca. 140-150 days is reasonable as a yield floor.

[Mabsark]

TheRama, when you buy those cloud mining contracts or units or whatever else it´s called, you are in effect lending the operators money to upgrade their equipment or expand their current one or other things they need money for.

When you buy cloud mining contracts off a manufacturer, you're not lending them money, you are essentially buying miners and having them run them for you at a lower cost.

[galdur]

TheRama, when you buy those cloud mining contracts or units or whatever else it´s called, you are in effect lending the operators money to upgrade their equipment or expand their current one or other things they need money for.

When you buy cloud mining contracts off a manufacturer, you're not lending them money, you are essentially buying miners and having them run them for you at a lower cost.

That´s your perception Mabsark and that´s fine. I have a different view which suits my objectives.