AMHash1: Cost-Effective Mining Contract

[jimmothy]

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?  

Yes, your % of blocks found will be smaller, but you will still, on average, be finding the same number of blocks.
More blocks will be found in an hour by all miners, but your expected number of blocks will stay the same (remember - it's based on on current diff, not on the total hashrate). Until that next diff adjustment.

I think you guys are talking about different things. AMHash's (and cloud mining in general) payout is based on difficulty. Mining isn't though. Mining payout (ignoring variance) works exactly like MichaelBliss said.

No ukja is right. The time to find a block is determined by the difficulty not the actual hashrate.

However adding hashrate does instantly affect profitability because it will cause the difficulty to change sooner.

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[DARKANGEL6415]

so if i read last few post correct then, if btc is lets say at like $600 for example. Does this mean we would be getting dividend payouts of like .00001300 per GHS or am i assuming wrong. Once again i am makin up number not saying will be that on the dot lol so please dont cook me alive saying my math is of or blah blah blah haha  

 No.  Bitcoin value on has an effect on the maintenance fee as that is converted from dollars to bitcoin and subtracted by the earnings.  The earnings are calculated as follows:

  The payout rate before fee subtraction is 25 / (difficulty * 4.295) BTC per unit per second.  <--no dollars in calculaltion

P.S. I won't "cook you alive" about your math but your spell check is off too.

LOL well thank you for advice/ input appreciate it. The spelling will never be good or proper will be good about 85% of time i say as english is my second language and i dont do translate service.

[xhomerx10]

so if i read last few post correct then, if btc is lets say at like $600 for example. Does this mean we would be getting dividend payouts of like .00001300 per GHS or am i assuming wrong. Once again i am makin up number not saying will be that on the dot lol so please dont cook me alive saying my math is of or blah blah blah haha  

 No.  Bitcoin value on has an effect on the maintenance fee as that is converted from dollars to bitcoin and subtracted by the earnings.  The earnings are calculated as follows:

  The payout rate before fee subtraction is 25 / (difficulty * 4.295) BTC per unit per second.  <--no dollars in calculaltion

P.S. I won't "cook you alive" about your math but your spell check is off too.

LOL well thank you for advice/ input appreciate it. The spelling will never be good or proper will be good about 85% of time i say as english is my second language and i dont do translate service.

 Now I'm interested in the phrase "cook me alive".  How do you say it in your native language; it certainly isn't something we use in the English language.

[Mabsark]

No ukja is right. The time to find a block is determined by the difficulty not the actual hashrate.

However adding hashrate does instantly affect profitability because it will cause the difficulty to change sooner.

Like I said, I think two different things are being discussed.

If you had 50% of the network hash rate today, how much would you earn over a 24 hour period?
If you only had 10% tomorrow, how much would you earn over a 24 hour period?

Those two values are not the same. If they were, the percentage of the network hash rate would not matter and 1 Gh/s would earn just as much as 1 Ph/s. Clearly, that is not the case. 3600 BTC would be mined each day if the network hash rate was static. The percentage of that 3600 BTC that a miner gets is equal to their percentage of the network hash rate.

[DARKANGEL6415]

so if i read last few post correct then, if btc is lets say at like $600 for example. Does this mean we would be getting dividend payouts of like .00001300 per GHS or am i assuming wrong. Once again i am makin up number not saying will be that on the dot lol so please dont cook me alive saying my math is of or blah blah blah haha  

 No.  Bitcoin value on has an effect on the maintenance fee as that is converted from dollars to bitcoin and subtracted by the earnings.  The earnings are calculated as follows:

  The payout rate before fee subtraction is 25 / (difficulty * 4.295) BTC per unit per second.  <--no dollars in calculaltion

P.S. I won't "cook you alive" about your math but your spell check is off too.

LOL well thank you for advice/ input appreciate it. The spelling will never be good or proper will be good about 85% of time i say as english is my second language and i dont do translate service.

 Now I'm interested in the phrase "cook me alive".  How do you say it in your native language; it certainly isn't something we use in the English language.

lol i would say "jodas la vida fuera de mí con preguntas "

[skuser]

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?   

There is no central entity controlling percentage (or hashrate if you want) or amount of bitcoins mined daily. The only way how the amount of mined bitcoins is controlled is difficulty adjustment after 2016 blocks.
So if someone adds 100% more hashrate the amount of mined bitcoins daily will DOUBLE, your percentual share will drop but your amount of BTC mined will remain unchanged untill next difficulty adjustment when it will halve.
Or on the opposite side, if everybody shut down miners except you today, you wouldn't mine single bitcoin more untill difficulty readjustment and if you had for example 1 TH/s it would take hundreds of years because you'd have to mine all remaining blocks yourself at huge difficulty so the daily amount of mined bitcoins would be most of the time 0.

[galdur]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

[ujka]

No ukja is right. The time to find a block is determined by the difficulty not the actual hashrate.

However adding hashrate does instantly affect profitability because it will cause the difficulty to change sooner.

Like I said, I think two different things are being discussed.

If you had 50% of the network hash rate today, how much would you earn over a 24 hour period?
If you only had 10% tomorrow, how much would you earn over a 24 hour period?

Same. If my hashrate stays the same (absolute, not %), and diff stays the same in that 24 hours.

But because the difficulty would change sooner if that much new hashrate is put online, my earnings for the whole period will be lower. jimmothy pointed that out.

[ujka]

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?  

There is no central entity controlling percentage (or hashrate if you want) or amount of bitcoins mined daily. The only way how the amount of mined bitcoins is controlled is difficulty adjustment after 2016 blocks.
So if someone adds 100% more hashrate the amount of mined bitcoins daily will DOUBLE, your percentual share will drop but your amount of BTC mined will remain unchanged untill next difficulty adjustment ...

Well, not quite. As yimmothy pointed out, next adjustment will come sooner, so, for the whole period, your amount of BTC mined will be lower.
But for daily calculations, when diff doesn't change, BTC mined will remain unchanged.

And since we are hijacking this thread, can we put this behind, or move somewhere else?

[amhash]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

Dividend is positive correlation to BTC price for maintenance fee is sticked on USD.

AMHash Team

[DARKANGEL6415]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

unfortunately the graveyard at havelock is not going to the price you mentioned. I would love for it to go to .0008 so i can buy more but instead the price is almost 0.00123 at the time i checked. If you have some you want to sell me direct for cheap i will buy them

[DARKANGEL6415]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

Dividend is positive correlation to BTC price for maintenance fee is sticked on USD.

AMHash Team

are you all going to be offering amhash 3 like people on here have been saying you are going to do? I just need to know if i need to save my nickels and dimes for when amhash3 comes out. Well if it is true that is lol also if it is true what is the price point of this units if i may ask. thanks in advance i am sure also other people on here want to know from the source

[xhomerx10]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

 If ignorance is bliss, you must be one happy fellow.  Of course AMHash shares will drop as mining difficulty increases and dividends decrease - that's the point of this particular IPO.

[galdur]

How´s it going there in the Havelock graveyard ?

Dividend dropping yet ?

Might be a buy when it has been sold down to .0008.

 If ignorance is bliss, you must be one happy fellow.  Of course AMHash shares will drop as mining difficulty increases and dividends decrease - that's the point of this particular IPO.

Given the current dividend this is probably a buy at .0008 now.

[Dexter770221]

20956 satoshi paid up to date, thats 16,75% of 125000 IPO price. We should see 20% at the end of the month.

[galdur]

Any special reason why this is in the header of this thread ?

Don´t recall seeing this elsewhere.

Bitcoin Forum > Economy > Marketplace > Securities > AMHash1: Cost-Effective Mining Contract
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.

[ujka]

Any special reason why this is in the header of this thread ?

Don´t recall seeing this elsewhere.

Bitcoin Forum > Economy > Marketplace > Securities > AMHash1: Cost-Effective Mining Contract
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.

That header is in every thread in this subboard (Securities).

[galdur]

Any special reason why this is in the header of this thread ?

Don´t recall seeing this elsewhere.

Bitcoin Forum > Economy > Marketplace > Securities > AMHash1: Cost-Effective Mining Contract
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.

That header is in every thread in this subboard (Securities).

All right. Well, I haven´t visited this junkyard before
so obviously it´s the first time I see this disclaimer.

[xhomerx10]

Any special reason why this is in the header of this thread ?

Don´t recall seeing this elsewhere.

Bitcoin Forum > Economy > Marketplace > Securities > AMHash1: Cost-Effective Mining Contract
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.

That header is in every thread in this subboard (Securities).

All right. Well, I haven´t visited this junkyard before
so obviously it´s the first time I see this disclaimer.

 You're about to be the first ever on my ignore list.  Thanks for the demonstration of trolling asswipe.

[galdur]

Any special reason why this is in the header of this thread ?

Don´t recall seeing this elsewhere.

Bitcoin Forum > Economy > Marketplace > Securities > AMHash1: Cost-Effective Mining Contract
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.

That header is in every thread in this subboard (Securities).

All right. Well, I haven´t visited this junkyard before
so obviously it´s the first time I see this disclaimer.

 You're about to be the first ever on my ignore list.  Thanks for the demonstration of trolling asswipe.

I´m totally devastated but will try to somehow live with
being ignored by this yokel.