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Author Topic: AMHash1: Cost-Effective Mining Contract  (Read 303994 times)
elasticband
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November 21, 2014, 08:02:41 PM
 #401

Im taking bets difficulty wont go down even once this year.

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November 21, 2014, 08:19:22 PM
 #402

How about a gentleman's bet for a relatively small amount? Say 0.5 BTC or something?
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November 21, 2014, 08:37:11 PM
 #403

How about a gentleman's bet for a relatively small amount? Say 0.5 BTC or something?

I use to work in a Gentleman's club and there was nothing gentlemanly about it, I do not trust Gentlemen or their word. Pirates life for me   Wink

I'm not a gambling man anyway  Roll Eyes
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November 21, 2014, 10:00:55 PM
 #404

New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

Interestingly, it appears the hash rate is dropping.  Difficulty is at 40.3B and while there is still 12 days before the next revision, if it happened today it would drop to 37.1B.  Yesterday the estimate was 38B.  Not sure what is going on, and it can certainly change, but this is the first time I have seen such a drop.  Even in an estimate.
I think i have seen a drop before of 17% or 16% i really do not recall when it was. I am a old man lol so memory not so good but it was a few years ago. I really would not mind a little drop in dificulty rise for one cycle hell even for two cycles. Maybe people are shutting down minners for xmas lights so house dont burn down Tongue

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November 21, 2014, 10:03:14 PM
 #405

I think we under estimate how many in home miners there are that are shutting down.
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November 21, 2014, 10:14:07 PM
 #406

You can see all the data here: https://bitcoinwisdom.com/bitcoin/difficulty

I'm actually surprised to see that we're currently set for a drop in 11 days.  You'd think people would be running at a loss just for the heat this time of year.  2014 is starting to feel a lot like 2011 did.

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November 22, 2014, 03:22:14 AM
 #407

I think we under estimate how many in home miners there are that are shutting down.

Home mining will not profit for difficulty climbing up and BTC price is so low.That's the reason AMHash come out, we have the comparative advantage in cost.Or, people can buy small miners to enjoin mining but need to ignore ROI.

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Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus

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November 22, 2014, 03:47:07 AM
 #408

I think we under estimate how many in home miners there are that are shutting down.

thats my guess - probably the remaining S1 units and some of the other >1w/GH gear that is operating in more expensive areas is finally switching off - and new hardware additions are slow due to a weak bitcoin value.


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November 22, 2014, 04:12:05 AM
 #409

Im taking bets difficulty wont go down even once this year.
im feeling a drop this round if btc price stays the same
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November 22, 2014, 05:22:04 AM
Last edit: November 22, 2014, 11:08:07 AM by Mabsark
 #410

I think we under estimate how many in home miners there are that are shutting down.

Home mining will not profit for difficulty climbing up and BTC price is so low.That's the reason AMHash come out, we have the comparative advantage in cost.Or, people can buy small miners to enjoin mining but need to ignore ROI.

In order for AMHash to have any advantage, wouldn't they actually need to have some contracts for sale?

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November 22, 2014, 11:55:43 AM
 #411

Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?

ended on 18th december and amhash2 were converted to amhash1.

I imagine Amhash3 will be on it's way next week.  it's good to let the price settle after each sale.

Looking at PBmining who were 0.0014 last week but are now 0.0015 this week, Amhash3 could potentially sell for 0.00125 - 0.00120, making any amhash1 or 2 buyers happy and still cheaper than alternatives for new comers.
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November 22, 2014, 12:05:32 PM
 #412

Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?
New (primary market) AMHash shares are still being sold on Hashie.

-Sahra

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November 22, 2014, 01:50:50 PM
 #413

Are we still selling AMHash shares?
I cannot see any availability for new shares on havelock, what happened to AMHash2?
New (primary market) AMHash shares are still being sold on Hashie.
-Sahra

Hashie - I got an email from your group that indicated AMHash was using immersion cooled units which is why the maintenance fee was so low.  Do you have any proof of this?
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November 22, 2014, 01:58:56 PM
 #414

Hashie - I got an email from your group that indicated AMHash was using immersion cooled units which is why the maintenance fee was so low.  Do you have any proof of this?

http://instagram.com/p/uzxj9rBDaS/

http://instagram.com/p/uzxrFuBDaY/

http://instagram.com/p/uzxprtBDaW/

Smiley  - AFAIK a number (but not all) of their farms utilize immersion cooling.

-Sahra

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November 22, 2014, 02:33:42 PM
 #415

I really believe the immersion cooling tanks are still the 'old' gen 1 tanks we has in 2013. Did immersion cooling really become a thing for the current BE200 hardware?? Well, it could be, but has there been anything official or specific?

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November 22, 2014, 02:44:36 PM
 #416

Hashie - I got an email from your group that indicated AMHash was using immersion cooled units which is why the maintenance fee was so low.  Do you have any proof of this?

http://instagram.com/p/uzxj9rBDaS/

http://instagram.com/p/uzxrFuBDaY/

http://instagram.com/p/uzxprtBDaW/

Smiley  - AFAIK a number (but not all) of their farms utilize immersion cooling.

-Sahra

Those are first gen chips, stop spreading inaccurate info to deceive the shareholders.

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November 22, 2014, 02:47:30 PM
 #417

Why are the marketprices at havleock are so high ? Most asks start at 0.00121499 but the shares are worth less than 0012 because dividend is less every day ?!
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November 22, 2014, 02:53:12 PM
 #418

Why are the marketprices at havleock are so high ? Most asks start at 0.00121499 but the shares are worth less than 0012 because dividend is less every day ?!

Well, the people who put up those asks want more money for their shares, than they are worth. Wouldn't you want people to buy shares from you for more than they are actually worth on the market? Some asks are also already a few days old, so they used to be worth more.
Interestingly, they could get worth more, if the BTC price goes up further and the difficulty in fact goes down at the next adjustment!

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November 22, 2014, 03:07:59 PM
 #419

Of Course i would sell my shares for mor than they worth...i own some shares too but tought marketprices would fall everyday because of  less dividens...but good for me so i can sell my shares at anytime for a good price and get dividens profit...
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November 22, 2014, 03:12:29 PM
 #420

How about a gentleman's bet for a relatively small amount? Say 0.5 BTC or something?

I use to work in a Gentleman's club and there was nothing gentlemanly about it, I do not trust Gentlemen or their word. Pirates life for me   Wink

I'm not a gambling man anyway  Roll Eyes

I once bet a guy $100 on a football game.  I lost.
The next day, a monday, I paid him his $110.

I've since wondered, if I had won, would he have paid me $100?
I'll never know.
But, it pisses me off that I might have bet a dishonest man.
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