AMHash1: Cost-Effective Mining Contract

[galdur]

It´s probably tons of work for them.

Inaccurate and false claims, all sorts of skullduggery.

[l3sny]

but actually I do not understand this delay. There is no chance that all the people will transfer. Secondly why not start paying those who have been positively verified? I just see no technical problem with that.

[Blazed]

but actually I do not understand this delay. There is no chance that all the people will transfer. Secondly why not start paying those who have been positively verified? I just see no technical problem with that.

I can not imagine the divs that are paid would be so much that someone needs them ASAP. What is wrong with a small delay? What is it hurting?

[gog1]

after doing some math, the sell off actually kind of makes sense.  Currently, over 40% of the daily revenue went to cover the fees (dividend of 744 satoshi = $0.00232128 at $312), fee is $0.00163 (0.00232/0.00395 ~= 59%)

next jump of difficulty is estimated to be 13.3% (and still going up) - this would reduce next dividend by about 20%.

things look extremely bad if double digit difficulty jump becomes the norm again.

[galdur]

Estimated Next Difficulty:   46,045,481,008 (+13.30%)
Adjust time:   After 1444 Blocks, About 9.0 days

BTC in the crapper.

Anticipating a dividend of .00000600 in nine days.

[Crypto.Conyo]

About -20% in less than a week... WTF !?!?!

About -36% in a week... WTF^2!?!?!

[galdur]

There´s no sugarcoating it. If it pays 600 satoshi in nine days

then it´ll most likely be at ca. .0007 by then. Or before. Or even lower.

Ballooning diff., tanking BTC of course this could suddenly reverse

but I´m not counting on it.

[gog1]

There´s no sugarcoating it. If it pays 600 satoshi in nine days

then it´ll most likely be at ca. .0007 by then. Or before. Or even lower.

Ballooning diff., tanking BTC of course this could suddenly reverse

but I´m not counting on it.

only hope is that it makes one or 2 'big' jumps and then plateau.

mining is just so tough - even when your operator is 'legit' & 'honest'

[l3sny]

but actually I do not understand this delay. There is no chance that all the people will transfer. Secondly why not start paying those who have been positively verified? I just see no technical problem with that.

I can not imagine the divs that are paid would be so much that someone needs them ASAP. What is wrong with a small delay? What is it hurting?

I am just saying I cannot see any reason why they did not start paying yet

[galdur]

There´s no sugarcoating it. If it pays 600 satoshi in nine days

then it´ll most likely be at ca. .0007 by then. Or before. Or even lower.

Ballooning diff., tanking BTC of course this could suddenly reverse

but I´m not counting on it.

only hope is that it makes one or 2 'big' jumps and then plateau.

mining is just so tough - even when your operator is 'legit' & 'honest'

It´s a dilemma. The only way to slow this ballooning of mining power is

by tanking the price of product, BTC. Which is what the market seems

to have been trying to do for a year now. There´s something very wrong

when consistently selling a product short makes more business sense

than producing it.

[Neo110]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english 

[galdur]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english  

You can buy right up to 12 their time and get a dividend for the day.

If you have say 100 units and buy 100 more at 11:58 you will get

a dividend on 200 units a few minutes later.

[Chris_Sabian]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english  

You can buy right up to 12 their time and get a dividend for the day.

If you have say 100 units and buy 100 more at 11:58 you will get

a dividend on 200 units a few minutes later.

Correct.  The payouts have been slightly after 12 on Havelock end.  If you buy by ~11:58 you should be fine.

[DARKANGEL6415]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english  

You can buy right up to 12 their time and get a dividend for the day.

If you have say 100 units and buy 100 more at 11:58 you will get

a dividend on 200 units a few minutes later.

i always thought you had to hold the new purchases for 24+ hours for them to pay out dividends. I am glad you provided this information and made it clear 

[jawitech]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english  

You can buy right up to 12 their time and get a dividend for the day.

If you have say 100 units and buy 100 more at 11:58 you will get

a dividend on 200 units a few minutes later.

i always thought you had to hold the new purchases for 24+ hours for them to pay out dividends. I am glad you provided this information and made it clear 

Doesn't seem so. I bought new shares and got paid the full dividend although I only had the shares for a few hours.

[xhomerx10]

Does anybody know the time when the shares will get dividends on buy time?

For example i buy shares at 9.00 havelocktime and get dividend on same day or i buy at 11:52 havelocktime and wil also get dividend for same day.When can i buy the latest time on that day to get dividends? sorry for my bad english  

You can buy right up to 12 their time and get a dividend for the day.

If you have say 100 units and buy 100 more at 11:58 you will get

a dividend on 200 units a few minutes later.

i always thought you had to hold the new purchases for 24+ hours for them to pay out dividends. I am glad you provided this information and made it clear 

Doesn't seem so. I bought new shares and got paid the full dividend although I only had the shares for a few hours.

 I just bought a few more shares at 12:08 pm DST but when the divs paid out at 12:13 PM DST the new share divs were not included.  I believe the cut-off is 12:00 PM DST

[xilatleo]

BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying. 

[galdur]

BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying. 

$ 286.81 (-8.98 %)

Estimated Next Difficulty:   45,872,728,865 (+12.87%)
Adjust time:   After 1337 Blocks, About 8.4 days

 "These are the times that try men's souls." like the man said.

The market is always right. For a year it has been trying to wash out

excess mining capacity. But still it balloons. The question is what it takes.

Maybe $250, 225, 200 who knows. Something has got to give.

[gog1]

BTC price = 287 on Bitstamp. Are we facing a bump upcoming or BTC is dying. 

$ 286.81 (-8.98 %)

Estimated Next Difficulty:   45,872,728,865 (+12.87%)
Adjust time:   After 1337 Blocks, About 8.4 days

 "These are the times that try men's souls." like the man said.

The market is always right. For a year it has been trying to wash out

excess mining capacity. But still it balloons. The question is what it takes.

Maybe $250, 225, 200 who knows. Something has got to give.

To be honest, I think the killing off of mining capacity may kill bitcoin - if difficulty goes up 13% and price halves, this contract is pretty much worthless

if mining capacity drops sharply, confirmation may takes forever and kill bitcoin.

[galdur]

Maybe one day I will understand this strange business model

that keeps adding production capacity at an exponential rate

the more the price of the product falls and where constantly

going short the product seems to make much more sense than

the production itself. I guess over time it becomes a question

of which you run out of first; buyers of the product or bankers

to finance the production.