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Author Topic: AMHash1: Cost-Effective Mining Contract  (Read 304230 times)
alevlaslo
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January 12, 2015, 06:15:15 PM
 #1521

560  Sad http://nextdifficulty.com

Sale the first NFT of the first foto
galdur
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January 12, 2015, 07:23:03 PM
 #1522

They do listen to trading idiots  Grin

Market´s fair priced IMO.

Well, given this BTC level at least. And then there´s the next bloody difficulty to price in eventually.

DARKANGEL6415
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January 12, 2015, 08:24:48 PM
 #1523

So, it´s a question of an assumed hashrate on which an assumed difficulty is based. Then big mining operators play that like a fiddle to fleece their investors. Small wonder that nobody in their right mind takes this mess seriously. Nonsensical production of a produce that has no volume  on two-bit exchanges and constantly falls in price. It totally stands to reason. But the more confidence in this nonsense tanks along with the price the more it is supposed to be worth in future. Good luck with that.


Galdur, please read https://en.bitcoin.it/wiki/Difficulty. In short when network hashrate goes up, the difficulty goes up as well to compensate it.
Relevant citation from https://en.bitcoin.it/wiki/Block

The difficulty of the mathematical problem is automatically adjusted by the network, such that it targets a goal of solving an average of 6 blocks per hour. Every 2016 blocks (about two weeks), all Bitcoin clients compare the actual number created with this goal and modify the target by the percentage that it varied. This increases (or decreases) the difficulty of generating blocks.

The fiat value of BTC has no direct relation to difficulty nor hashrate.


Yeah, I got that. But since the hashrate now is only 1% higher than on 12/30 and the system (which presumably has accurate information of hashrate at any given time) that adjusts the difficulty figures that difficulty will rise by 8% in two days where will that 7% come from? Since difficulty is a function of hashrate then the hashrate in two days will be 8% higher than on 12/30 if that estimate is to be taken seriously, right?

Hashrate on 12/30 290,919,288 GH/s

now 292,597,077 GH/s

in two days ca. 313 PH/s ? (+8%)
  LOL got to love it all i want my payments to go up to like 1500 each share  Grin

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galdur
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January 12, 2015, 08:30:52 PM
 #1524

So, it´s a question of an assumed hashrate on which an assumed difficulty is based. Then big mining operators play that like a fiddle to fleece their investors. Small wonder that nobody in their right mind takes this mess seriously. Nonsensical production of a produce that has no volume  on two-bit exchanges and constantly falls in price. It totally stands to reason. But the more confidence in this nonsense tanks along with the price the more it is supposed to be worth in future. Good luck with that.


Galdur, please read https://en.bitcoin.it/wiki/Difficulty. In short when network hashrate goes up, the difficulty goes up as well to compensate it.
Relevant citation from https://en.bitcoin.it/wiki/Block

The difficulty of the mathematical problem is automatically adjusted by the network, such that it targets a goal of solving an average of 6 blocks per hour. Every 2016 blocks (about two weeks), all Bitcoin clients compare the actual number created with this goal and modify the target by the percentage that it varied. This increases (or decreases) the difficulty of generating blocks.

The fiat value of BTC has no direct relation to difficulty nor hashrate.


Yeah, I got that. But since the hashrate now is only 1% higher than on 12/30 and the system (which presumably has accurate information of hashrate at any given time) that adjusts the difficulty figures that difficulty will rise by 8% in two days where will that 7% come from? Since difficulty is a function of hashrate then the hashrate in two days will be 8% higher than on 12/30 if that estimate is to be taken seriously, right?

Hashrate on 12/30 290,919,288 GH/s

now 292,597,077 GH/s

in two days ca. 313 PH/s ? (+8%)
  LOL got to love it all i want my payments to go up to like 1500 each share  Grin


It ended up at 314,761,417 GH/s to square the books, as expected.

galdur
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January 12, 2015, 11:29:19 PM
 #1525

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in. But, I must hasten to add, this is actually the first and only complaint to speak of I have with them. Been a real pleasure until now and probably will continue to be, at least I hope so.

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January 13, 2015, 12:27:50 AM
 #1526

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in. But, I must hasten to add, this is actually the first and only complaint to speak of I have with them. Been a real pleasure until now and probably will continue to be, at least I hope so.

 See, again this sort of post is tangential to the AMHash thread.  It is "off topic" and therefore generally unwelcome.  You should post this sort of thing in the "Havelock has lock on my funds" thread.  Try posting that info here - https://bitcointalk.org/index.php?topic=135035.0 and you might even get some satisfaction.


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January 13, 2015, 12:39:22 AM
 #1527

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in.

 See, again this sort of post is tangential to the AMHash thread.  It is "off topic" and therefore generally unwelcome. 

that post has everything to do with amhash, are you blind  Huh
galdur
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January 13, 2015, 12:43:07 AM
 #1528

It isn´t like I was interrupting anything important. At the most it was nothing at all. And Havelock has posted here, so they probably follow this more than some dead thread around here.

Anyway, discussing the discussing itself is terrible form so let´s not take this further.

galdur
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January 13, 2015, 12:44:43 AM
 #1529

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in.

 See, again this sort of post is tangential to the AMHash thread.  It is "off topic" and therefore generally unwelcome. 

that post has everything to do with amhash, are you blind  Huh

I´m too rude to apologize for mentioning the platform on which the AmHash shares trade so thanks.

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January 13, 2015, 01:29:20 AM
 #1530

Gonna be a meager dividend day tomorrow it seems.  BTC at $253.

galdur
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January 13, 2015, 01:51:03 AM
 #1531

Mining experts seem to be of somewhat differing minds about the next diff. increase

bitcoinwisdom.com   45467890567   3.4%
bitcoincharts.com   43502918462   -1.1%
cryptanalys.is   206666812   -99.5%
mining-profit.com   36496479506   -17%

xhomerx10
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January 13, 2015, 03:29:40 AM
 #1532

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in.

 See, again this sort of post is tangential to the AMHash thread.  It is "off topic" and therefore generally unwelcome. 

that post has everything to do with amhash, are you blind  Huh

I´m too rude to apologize for mentioning the platform on which the AmHash shares trade so thanks.

 You're not rude; you're merely ignorant of board etiquette and topicality. 
galdur
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January 13, 2015, 03:42:10 AM
 #1533

What the hell´s up with Havelock ? I tried to withdraw a lousy .05 BTC but that failed and I was informed that funds would be transferred from their cold storage to the hot one and I could try again in one business day, Really? How bloody annoying. And now I can´t even log in.

 See, again this sort of post is tangential to the AMHash thread.  It is "off topic" and therefore generally unwelcome. 

that post has everything to do with amhash, are you blind  Huh

I´m too rude to apologize for mentioning the platform on which the AmHash shares trade so thanks.

 You're not rude; you're merely ignorant of board etiquette and topicality. 


Since this thread is about a co. that mines bitcoin how on earth can mining bitcoin be off topic ??

galdur
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January 13, 2015, 03:47:07 AM
 #1534

It would be like being on a Kim Kardashian thread and being told that discussing the width of her ass was off topic.

galdur
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January 13, 2015, 04:05:24 AM
 #1535

Anyway, Bitcoin is in free fall for obvious reasons that have been elaborated repeatedly.

This whole bloody mess came out of the ass of some idiot-savant with a very dubious connection to reality on this planet. Now finally the supply of idiots (sans savant) to buy his nonsensical production model is about to dry up. Amen and qmen and best of luck, g


galdur
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January 13, 2015, 04:25:22 AM
 #1536

I guess I´m done here now. I´d like to thank Puppet and Mabsark for drawing my attention to this thread. Without them chances are slim that I´d have ever given it a single thought. If I´ve been of some use you should thank them  Grin

But if I see them much around I´ll probably be tempted to follow them back.

Bye, bye.

galdur
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January 13, 2015, 05:04:24 AM
 #1537

Quote
One thing is filing a complaint, another is accusing a company of being a ponzi, and randomly trashing its reputation when no harm was done; and even worse - non customers randomly trashing a business around and ruining its reputation - thats sabotage.

Keep doing what you are doing and you will end up with a self fulfilling prophecy, roaming around forums and posting false acusations on a business will destroy its reputation and scare away customers, and this will ultimatelly kill the business, it dies and yes if it died it must be a scam... sheesh

galdur
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January 13, 2015, 02:08:32 PM
 #1538

Oh my dog, did Satoshi die or something ? It´s like a fucking wake in this room. And why are the shares still at .00082? The dividend will be what 550 ?? Lower ?

Dexter770221
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January 13, 2015, 02:13:53 PM
 #1539

Oh my dog, did Satoshi die or something ? It´s like a fucking wake in this room. And why are the shares still at .00082? The dividend will be what 550 ?? Lower ?
Today divs 508 satoshi. Something like 23% decrease from yesterday.

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
galdur
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January 13, 2015, 02:33:03 PM
 #1540

Oh my dog, did Satoshi die or something ? It´s like a fucking wake in this room. And why are the shares still at .00082? The dividend will be what 550 ?? Lower ?
Today divs 508 satoshi. Something like 23% decrease from yesterday.

OK. If they´re still bidding any meaningful quantity over .0008 which I doubt, sell.

Buy at maybe .00065-.0007.

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