AMHash1: Cost-Effective Mining Contract

[Puppet]

- I don't own any AMHash shares. 

Thats interesting. A mining contract that would actually be quite profitable even at 10% sustained growth at todays BTC price and continue to yield dividends in a  50+ EH network, Id invest in that in a heartbeat.

Why didnt you?  All your funds stuck in Asicminer ?

[1715088917]

1715088917

[1715088917]

1715088917

[Blazed]

Lol math...people here do not like that dirty 4 letter word.

[Puppet]

Code:

2014-11-12 07:22:26	1	฿0.00120001	฿0.0012
2014-11-12 07:02:00	100	฿0.00116000	฿0.1160
2014-11-12 07:01:59	100	฿0.00117000	฿0.1170
2014-11-12 07:00:25	100	฿0.00118000	฿0.1180
2014-11-12 07:00:21	100	฿0.00119000	฿0.1190
2014-11-12 06:41:29	200	฿0.00115001	฿0.2300
2014-11-12 06:41:20	400	฿0.00115300	฿0.4612
2014-11-12 06:41:10	200	฿0.00115301	฿0.2306

See that 1 share purchase to push the apparent price back to IPO #2 price ? Cant be any doubt, Usagi invested in this!
 

[klondike_bar]

- I don't own any AMHash shares. 

Thats interesting. A mining contract that would actually be quite profitable even at 10% sustained growth at todays BTC price and continue to yield dividends in a  50+ EH network, Id invest in that in a heartbeat.

Why didnt you?  All your funds stuck in Asicminer ?

the AMHash price isnt that good - Its effectively 1.2BTC/TH (prismas and similar gear are about 1BTC/TH), with maintenance fees around $0.07/kwh. (prismas use 0.7w/GH). Its pretty competitive with the alternative, but still requires certain key factors to be a positive ROI.

(ps: Asicminer hasnt paid dividends in months. Theyve sold chips, sold hardware, sold cloudmining - where are the dividends? This alone makes me cautious of trusting thier other financial products)

[Puppet]

the AMHash price isnt that good - Its effectively 1.2BTC/TH (prismas and similar gear are about 1BTC/TH), with maintenance fees around $0.07/kwh. (prismas use 0.7w/GH). Its pretty competitive with the alternative, but still requires certain key factors to be a positive ROI.

Im not saying it is. It was in response to Mabsark who got the maintenance fee wrong by over 8 thousand orders of magnitude.  If it was as he thought it was, maintenance fees would effectively be zero, and I certainly would be willing to pay 1.2 BTC/TH with free electricity forever. OF course thats not whats being offered.

[Dexter770221]

....
 (prismas and similar gear are about 1BTC/TH), with maintenance fees around $0.07/kwh. (prismas use 0.7w/GH). Its pretty competitive with the alternative, but still requires certain key factors to be a positive ROI.
....

Prismas are 1BTC/TH but without PSU and without shipping (and mostly import tax too). Add those and you easily can pay more than 1.3BTC/TH.

AMHash is using tubes not prismas. Those are more power hungry. So there's alot of room to lower maintenance fees (that includes power) in the future when switching to newer hardware (Gen4 maybe - 5x times lower fees). So, this MAY return positive ROI faster than buying hardware from AM directly.

EDIT: for those that hates math (me too) AMHash returned so far 10700 satoshi, Thats 8,1% of 125000 original IPO price. So selling above 115000 still makes profit.

[Neo110]

I bought some shares yesterday.They swapped to amhash1,but they didnt paid the dividend of amhash1 yesterday.Is it because the ipo opened after 12 pm havelock time?

[Dexter770221]

I bought some shares yesterday.They swapped to amhash1,but they didnt paid the dividend of amhash1 yesterday.Is it because the ipo opened after 12 pm havelock time?

Yes, transfer was done 6 hours later.

[Mabsark]

Prismas are 1BTC/TH but without PSU and without shipping (and mostly import tax too). Add those and you easily can pay more than 1.3BTC/TH.

It would old end up costing me almost 2 BTC to get mining with a Prisma once you add in all the costs.

[elasticband]

including VAT, $0.3 electric, space and time I am happy paying 1.2BTC per TH + $1.68(per day)

1.47BTC + 21% Vat = 1.7787 + lets say 100e postage =2.0912BTC / 1400GH = 0.0014937 per GH and we have not even got down to the electricity yet.....

[newguy05]

geez can friedcat make those numbers any more convoluted.

so basically if purchasing now we are looking at:

Buying 1 GH:
-Price: 0.0012BTC
-24 hour payout:  ( 25 / (39,603,666,252 * 4.295) ) * 60 * 60 * 24 = 0.00001269858BTC
-24 hour maintenance:  (( 1.89*10^(-8) ) / 405) *  60 * 60 * 24 = 0.000004032BTC

Buying 10 TH:
- Price=12BTC
- 24 hour payout: 0.1269858BTC
- 24 hour maintenance = 0.04032BTC
- 24 hour Net payout: 0.0866658BTC

Is this accurate?  Plug into the profitability calculator with just 0.1 profitability decline ( <8% decline per period). it's a negative return for a 12 month period.  Am i missing something here?  why is anyone buying this?

Hardware break even   351 days
Net profit first time frame   -3684.57 USD

Hardware cost(USD) 4800
Time frame (months) 12
Profitability decline per year 0.1
Conversion rate (USD/BTC) 400
Bitcoin difficulty 39,603,666,252
Hash rate 10 THs
Electricity rate (USD/kWh) 700
Power consumption (W) 1

 
Coins per 24h at these conditions   0.1270 BTC
Power cost per 24h   16.80 USD
Revenue per day   50.79 USD
Less power costs   33.99 USD
Power cost per time frame   6136.20 USD
Revenue per time frame   7251.63 USD
Less power costs   1115.43 USD

You need a profit decline of 0.3 (<5%) just to breakeven, good luck with that.

[elasticband]

based on the last 13 days of dividends it can give you a good idea of the possible return


0.00011023 - 10%
0.000099207 - 10%
0.000892853 - 10%
0.000080358 - 10%
0.00007232 - 10%
0.000651 - 10%

total = 0.0019 based on 78days, rough figures

[xhomerx10]

....
 (prismas and similar gear are about 1BTC/TH), with maintenance fees around $0.07/kwh. (prismas use 0.7w/GH). Its pretty competitive with the alternative, but still requires certain key factors to be a positive ROI.
....

Prismas are 1BTC/TH but without PSU and without shipping (and mostly import tax too). Add those and you easily can pay more than 1.3BTC/TH.

AMHash is using tubes not prismas. Those are more power hungry. So there's alot of room to lower maintenance fees (that includes power) in the future when switching to newer hardware (Gen4 maybe - 5x times lower fees). So, this MAY return positive ROI faster than buying hardware from AM directly.

EDIT: for those that hates math (me too) AMHash returned so far 10700 satoshi, Thats 8,1% of 125000 original IPO price. So selling above 115000 still makes profit.

 Yep about 0.49557% after the 0.4% selling fee.  Not bad for a couple of weeks of investment - it works out to a nominal yearly rate of 12.8849%
More importantly, Bitcoin value is increasing which increases the number of Bitcoins in the dividend

[xhomerx10]

geez can friedcat make those numbers any more convoluted.

so basically if purchasing now we are looking at:

Buying 1 GH:
-Price: 0.0012BTC
-24 hour payout:  ( 25 / (39,603,666,252 * 4.295) ) * 60 * 60 * 24 = 0.00001269858BTC
-24 hour maintenance:  (( 1.89*10^(-8) ) / 405) *  60 * 60 * 24 = 0.000004032BTC

Buying 10 TH:
- Price=12BTC
- 24 hour payout: 0.1269858BTC
- 24 hour maintenance = 0.04032BTC
- 24 hour Net payout: 0.0866658BTC

Is this accurate?  Plug into the profitability calculator with just 0.1 profitability decline ( <8% decline per period). it's a negative return for a 12 month period.  Am i missing something here?  why is anyone buying this?

Hardware break even   351 days
Net profit first time frame   -3684.57 USD

Hardware cost(USD) 4800
Time frame (months) 12
Profitability decline per year 0.1
Conversion rate (USD/BTC) 400
Bitcoin difficulty 39,603,666,252
Hash rate 10 THs
Electricity rate (USD/kWh) 700
Power consumption (W) 1
 
Coins per 24h at these conditions   0.1270 BTC
Power cost per 24h   16.80 USD
Revenue per day   50.79 USD
Less power costs   33.99 USD
Power cost per time frame   6136.20 USD
Revenue per time frame   7251.63 USD
Less power costs   1115.43 USD

You need a profit decline of 0.3 (<5%) just to breakeven, good luck with that.

 Not accurate.  The bold lines should not read Bitcoins as the mtce fee is in USD and must be converted to BTC.  This means a rising Bitcoin value increases the dividend yield.  The red normal font line shows your error in calculation and the red, italicized lines indicate where you were just being silly (and after saying Friedcat's numbers were convoluted, geez!).  If you want people to verify your work, you have to show it - I see what you did there though.

P.S. I am NOT working nights

[DARKANGEL6415]

AMhash is absolutely right move and your comparison with buying Prismas very pertinent. Now, think long term and build confidence. Look at cex.io, they are able to sell new hashrate at about twice the price while charging higher maintenance fee. Trust and confidence.

that is so true and like you said trust and confidence. I personally use cex.io do i like the prices no do i like the fees no, but they are always reliable and always show REAL TIME mining stats and where at. Some pleaces only show 1 picture that alot of us feel might be photo shoped or a temporary large purchase pointed at certain pool but they really dont own anything. Plus i also like the fact at Cex.io we can create vouchers and sell them like on ebay or amazon or just give away for like christmas or birthday gifts.

[DARKANGEL6415]

Update

Q1. AMHash1 price is so competitive, why still sold slowly?
A1: Distrust, some people don't believe cloud ming when they hurt by someone, the other people just suspect cost control of AMHASH.We are company established for long term , people know who we are and where we live;  AM found some partners who hold very vey low electricity power factories.

Q2. When will the contract start?
A2:Contract will start on 31st Oct, investors will get payment from that day.

Q3.How can AMHash and HAVELOCK supply more trust, how can u let people trust no gather capital and run away?
A3: AMHash will leave bitcoins on platform for dividends, and HAVELOCK will be the third party to monitor and operate the dividends.

i will never hurt you look into my deep brown soulful eyes and know i am there for you. Now please send some bitcoin for new contacts lol

[newguy05]

geez can friedcat make those numbers any more convoluted.

so basically if purchasing now we are looking at:

Buying 1 GH:
-Price: 0.0012BTC
-24 hour payout:  ( 25 / (39,603,666,252 * 4.295) ) * 60 * 60 * 24 = 0.00001269858BTC
-24 hour maintenance:  (( 1.89*10^(-8) ) / 405) *  60 * 60 * 24 = 0.000004032BTC

Buying 10 TH:
- Price=12BTC
- 24 hour payout: 0.1269858BTC
- 24 hour maintenance = 0.04032BTC
- 24 hour Net payout: 0.0866658BTC

Is this accurate?  Plug into the profitability calculator with just 0.1 profitability decline ( <8% decline per period). it's a negative return for a 12 month period.  Am i missing something here?  why is anyone buying this?

Hardware break even   351 days
Net profit first time frame   -3684.57 USD

Hardware cost(USD) 4800
Time frame (months) 12
Profitability decline per year 0.1
Conversion rate (USD/BTC) 400
Bitcoin difficulty 39,603,666,252
Hash rate 10 THs
Electricity rate (USD/kWh) 700
Power consumption (W) 1
 
Coins per 24h at these conditions   0.1270 BTC
Power cost per 24h   16.80 USD
Revenue per day   50.79 USD
Less power costs   33.99 USD
Power cost per time frame   6136.20 USD
Revenue per time frame   7251.63 USD
Less power costs   1115.43 USD

You need a profit decline of 0.3 (<5%) just to breakeven, good luck with that.

 Not accurate.  The bold lines should not read Bitcoins as the mtce fee is in USD and must be converted to BTC.  This means a rising Bitcoin value increases the dividend yield.  The red normal font line shows your error in calculation and the red, italicized lines indicate where you were just being silly (and after saying Friedcat's numbers were convoluted, geez!).  If you want people to verify your work, you have to show it - I see what you did there though.

P.S. I am NOT working nights

I dont mind being proven wrong, but everything you said is nonsense. All the numbers are exactly as calculated per the published numbers. If you not going to bother reading the data, then dont come here and make snide remarks. I showed all my calculations, you just cant seem to read or understand.

1) 24 hour maintenance:  (( 1.89*10^(-8) ) / 405) *  60 * 60 * 24 = 0.000004032BTC     <-- i took the usd amount and converted to bitcoin already (see red at current price 405 usd/btc) So this is the accurate btc amount.

2) Electricity rate (USD/kWh) 700, Power consumption (W) 1   <-- this is just a workaround to input the maintenance fee, which comes out to be ~$16 a day, matching exactly with ( 1.89*10^(-8) ) *  60 * 60 * 24, the published formula.

Expected some more intelligent responses to be honest...

[ajw7989]

dividend payment and how the company is operating is working very well. Right now people are selling the gh for almost 1.15btc per th. That is a no brainer especially since the maintenance fee is lower than the competition. The only major drawback I do not like is how they opened up AMHASH2 which effectively will hurt the investors who trade on havelock especially if every week they change it (AMHASH3, AMHASH4, etc).

[Dexter770221]

Calculations was done few times in this thread. Maintenance cost (electricity included) of 1TH is 1.633$/24h. At 400$/BTC thats 0.0040825 BTC. According to bitcoinwisdom 1TH currently will yeld 0.0127 BTC/24h.
0.0127 - 0.0040825 = 0.0086175
mined      fee               profit        /TH/24h

https://bitcoinwisdom.com/bitcoin/calculator enter this:
diff inc 5% (for example)
elec price: 0
pool fee: 0

hashrate: 1000
hardw price: 480 (0.012*400*1000)
hardw power: 0
.
.
.
maint cost: 49$
BTC/USD: 400

[newguy05]

Calculations was done few times in this thread. Maintenance cost (electricity included) of 1TH is 1.633$/24h. At 400$/BTC thats 0.0040825 BTC. According to bitcoinwisdom 1TH currently will yeld 0.0127 BTC/24h.
0.0127 - 0.0040825 = 0.0086175
mined      fee               profit        /TH/24h

https://bitcoinwisdom.com/bitcoin/calculator enter this:
diff inc 5% (for example)
elec price: 0
pool fee: 0

hashrate: 1000
hardw price: 480 (0.012*400*1000)
hardw power: 0
.
.
.
maint cost: 49$
BTC/USD: 400

thank you, yes the number matched my calculation exactly i am just using 10 TH instead of 1TH.  Using your numbers with 5% increase, this will never ROI.  So my question is why are people buying?