AMHash1: Cost-Effective Mining Contract

[Neo110]

I think btc will stay at 200 dollar,so dividends are at 350 or 400,no roi anymore but some satoshi....think positive 

[Rizla2345]

There are only like 50,000 units on the bid (2.5% of all units) so I very much doubt that pushing up the ask is a  good idea.

[newIndia]

I think btc will stay at 200 dollar,so dividends are at 350 or 400,no roi anymore but some satoshi....think positive 

BTC will not stay at 200 USD. BFL has more to sell on court order, resulting in more liquidity in market. Price will be disturbed till mid 2015.

[thevictimofuktyranny]

I think btc will stay at 200 dollar,so dividends are at 350 or 400,no roi anymore but some satoshi....think positive  

BTC will not stay at 200 USD. BFL has more to sell on court order, resulting in more liquidity in market. Price will be disturbed till mid 2015.

Ok, I'm only going to explain this once on this thread  

I am aware maths and economics is not everyone's cup of tea  

Bitcoin is not going to crash in price, if you own AMhash or Gensis Mining cloudmining GHs you're simply looking at a much longer ROI of about a 1 year, instead of 6 months ROI.

The price strain on the Bitcoin network is caused by needing to fund ASIC manufacturers like, AMhash, Zeus, Bitman, etc. When valuation price is much higher then the mining cost everyone is going to go out and buy mining equipment and cloudmining? Only, those in decently paid jobs will carry on buying up coin stocks via escrow and selling websites.

This example is just to explain the price stabilization and price correction mechanisms - no accurate statistics have been used in this explanation

In fact, I think I found some of these statistics on the back of Kelloggs Cornflakes Box

2014 $600-$300 BTC price equal bumper sales of mining equipment. All manufacturers, take payments in BTC and a lot of people pay in BTC.

New coins in 2014 1314000, on average BTC price of $450 works out to be $591,300,000 on the entire year. Of course, most of these went to old miners, who tuck them away into their wallets to protect their original investment success.
      
Say, 10% become available to new investors who had Fiat Currency, this equals $59 million. Say, 50% of new investors turned their new BTC into payments for new mining equipment whenever they did released it was getting considerably more BTC through mining in 2014, compared to the alternative of price inflation matching Fiat Currency inflation.

This BTC went to ASIC manufacturers and other people sold of some of their old BTC to reinvest in bigger quantities of mining equipment.

Therefore, across 2014 super-sized volume had to be turned back into Fiat Currency ($40 million worth of BTC), because the ASIC manufacturers needed to pay in Fiat for for chip fabrication, raw and refined materials and a workforce.

Therefore, extra businesses like Bitstamp, BTC-E, etc appeared to re-convert this super-sized short-term Fiat Currency requirement. People (who did not have decently paid jobs) noticed this on these new exchanges (ASIC manufacturers and enlarged mining operations had to re-convert their BTC in Fiat Currency). They started short selling BTC; the quantity of their BTC balances grew and grew. Unfortunately, the ASIC manufacturers and enlarged mining operations were lazy and did not randomized or even break up their at sale quantities and ended up being easy prey for the short sellers. The BTC price went down and down throughout 2014.

Now, BTC is $210 and buying new mining equipment will only be done by older miners, who are protecting their old investment profits back in the days when BTC was $1

BTC is $210, new coins is 1,314,000, which will be worth $275,940,000.  
10% is avaliable for sale in 2015 to new investors ($27 million), who will be buying for the block in halving in 2016 is when annual production drops to 657,000.

At this price, the money going to ASIC manufacturers will shrink, direct sales to old miners protecting Bitcoin will happen, but these men and women don't a care about current profitability because they got their coins before 2013

New people will not be buying mining equipment

New clouding mining operations will halt. Sales 75% lower. This is why so ASIC manufacturers have gone bust  

So, the volume of BTC going into Fiat Currency Exchanges will be about 75% lower e.g. about $7 million. Obviously, short selling BTC when you haven't got the stock for more then 30 days is going to be quite funny to watch

So, the price will need to rise, to re-attract back BTC sellers, otherwise some of those exchanges will need to close.

Dudes, there are automatic price stabilization and price correction mechanisms in every POW crypto-currency

Price stabilization and correction are famous, in macro economics, for having big time-lag, which is why it has not really kicked in yet

The short seller are in for unpleasant 2015



 

 

[DARKANGEL6415]

I think btc will stay at 200 dollar,so dividends are at 350 or 400,no roi anymore but some satoshi....think positive  

BTC will not stay at 200 USD. BFL has more to sell on court order, resulting in more liquidity in market. Price will be disturbed till mid 2015.

Ok, I'm only going to explain this once on this thread  

I am aware maths and economics is not everyone's cup of tea  

Bitcoin is not going to crash in price, if you own AMhash or Gensis Mining cloudmining GHs you're simply looking at a much longer ROI of about a 1 year, instead of 6 months ROI.

The price strain on the Bitcoin network is caused by needing to fund ASIC manufacturers like, AMhash, Zeus, Bitman, etc. When valuation price is much higher then the mining cost everyone is going to go out and buy mining equipment and cloudmining? Only, those in decently paid jobs will carry on buying up coin stocks via escrow and selling websites.

This example is just to explain the price stabilization and price correction mechanisms - no accurate statistics have been used in this explanation

In fact, I think I found some of these statistics on the back of Kelloggs Cornflakes Box

2014 $600-$300 BTC price equal bumper sales of mining equipment. All manufacturers, take payments in BTC and a lot of people pay in BTC.

New coins in 2014 1314000, on average BTC price of $450 works out to be $591,300,000 on the entire year. Of course, most of these went to old miners, who tuck them away into their wallets to protect their original investment success.
      
Say, 10% become available to new investors who had Fiat Currency, this equals $59 million. Say, 50% of new investors turned their new BTC into payments for new mining equipment whenever they did released it was getting considerably more BTC through mining in 2014, compared to the alternative of price inflation matching Fiat Currency inflation.

This BTC went to ASIC manufacturers and other people sold of some of their old BTC to reinvest in bigger quantities of mining equipment.

Therefore, across 2014 super-sized volume had to be turned back into Fiat Currency ($40 million worth of BTC), because the ASIC manufacturers needed to pay in Fiat for for chip fabrication, raw and refined materials and a workforce.

Therefore, extra businesses like Bitstamp, BTC-E, etc appeared to re-convert this super-sized short-term Fiat Currency requirement. People (who did not have decently paid jobs) noticed this on these new exchanges (ASIC manufacturers and enlarged mining operations had to re-convert their BTC in Fiat Currency). They started short selling BTC; the quantity of their BTC balances grew and grew. Unfortunately, the ASIC manufacturers and enlarged mining operations were lazy and did not randomized or even break up their at sale quantities and ended up being easy prey for the short sellers. The BTC price went down and down throughout 2014.

Now, BTC is $210 and buying new mining equipment will only be done by older miners, who are protecting their old investment profits back in the days when BTC was $1

BTC is $210, new coins is 1,314,000, which will be worth $275,940,000.  
10% is avaliable for sale in 2015 to new investors ($27 million), who will be buying for the block in halving in 2016 is when annual production drops to 657,000.

At this price, the money going to ASIC manufacturers will shrink, direct sales to old miners protecting Bitcoin will happen, but these men and women don't a care about current profitability because they got their coins before 2013

New people will not be buying mining equipment

New clouding mining operations will halt. Sales 75% lower. This is why so ASIC manufacturers have gone bust  

So, the volume of BTC going into Fiat Currency Exchanges will be about 75% lower e.g. about $7 million. Obviously, short selling BTC when you haven't got the stock for more then 30 days is going to be quite funny to watch

So, the price will need to rise, to re-attract back BTC sellers, otherwise some of those exchanges will need to close.

Dudes, there are automatic price stabilization and price correction mechanisms in every POW crypto-currency

Price stabilization and correction are famous, in macro economics, for having big time-lag, which is why it has not really kicked in yet

The short seller are in for unpleasant 2015



 

 

pretty long but seems like good evaluation

[thevictimofuktyranny]

Genesis Mining (they are manufacturer) have cut their cloudmining prices. 30% cut in prices

They have better hashing equipment then AMhash at the moment, payout is about 40% high per gigahash then AMhash Gen 3

2/3 days ago I compared it
AMhash Gen 3 3.18mbtc
Genesis 4.59mbtc

And, like AMhash there Bitcoin farms are located in Iceland.

Here is the main article: http://cryptomining-blog.com/

This website has a 5% discount voucher code as well.

Read the article yourselves and run the numbers yourselves It's Sunday and I can't be bothered

[Rizla2345]

Genesis Mining (they are manufacturer) have cut their cloudmining prices. 30% cut in prices

They have better hashing equipment then AMhash at the moment, payout is about 40% high per gigahash then AMhash Gen 3

2/3 days ago I compared it
AMhash Gen 3 3.18mbtc
Genesis 4.59mbtc

And, like AMhash there Bitcoin farms are located in Iceland.

Here is the main article: http://cryptomining-blog.com/

This website has a 5% discount voucher code as well.

Read the article yourselves and run the numbers yourselves It's Sunday and I can't be bothered

Ridiculous. They sell 50 GH/s for $24.49 that is 0.00220000 BTC per GH/s. Payout/GH/s per day 0.00000600.

[thevictimofuktyranny]

Genesis Mining (they are manufacturer) have cut their cloudmining prices. 30% cut in prices

They have better hashing equipment then AMhash at the moment, payout is about 40% high per gigahash then AMhash Gen 3

2/3 days ago I compared it
AMhash Gen 3 3.18mbtc
Genesis 4.59mbtc

And, like AMhash there Bitcoin farms are located in Iceland.

Here is the main article: http://cryptomining-blog.com/

This website has a 5% discount voucher code as well.

Read the article yourselves and run the numbers yourselves It's Sunday and I can't be bothered

Ridiculous. They sell 50 GH/s for $24.49 that is 0.00220000 BTC per GH/s. Payout/GH/s per day 0.00000600.

Yeah, they're running the equipment anyway and earning BTC. Therefore, it is the price you'd have to pay them to make it worthwhile for them to sign it over to you

It is clear though, that they expect BTC to rise

[Rizla2345]

Genesis Mining (they are manufacturer) have cut their cloudmining prices. 30% cut in prices

They have better hashing equipment then AMhash at the moment, payout is about 40% high per gigahash then AMhash Gen 3

2/3 days ago I compared it
AMhash Gen 3 3.18mbtc
Genesis 4.59mbtc

And, like AMhash there Bitcoin farms are located in Iceland.

Here is the main article: http://cryptomining-blog.com/

This website has a 5% discount voucher code as well.

Read the article yourselves and run the numbers yourselves It's Sunday and I can't be bothered

Ridiculous. They sell 50 GH/s for $24.49 that is 0.00220000 BTC per GH/s. Payout/GH/s per day 0.00000600.

Yeah, they're running the equipment anyway and earning BTC. Therefore, it is the price you'd have to pay them to make it worthwhile for them to sign it over to you

It is clear though, that they expect BTC to rise

Their expectations are much more tied to hopes for sales than reality in the BTC marketplace

Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

BTC to break $2,000 mark by Christmas – Experts
by Richard Madeson @ 2014-05-28 01:35 PM

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

[amhash]

If BTC drops to $135 or wherever this thing stops mining what happens to the customers´funds? Will they be refunded?

We released all the information and calculation formula of AMHash.
We announced the situation of contract suspend and termination very clearly:https://www.havelockinvestments.com/fund.php?symbol=AMHASH1

[galdur]

Well, BTC hasn´t cratered for several days now. Is the bottom finally in ?

Unless some volume and buying interest comes in it looks like the same old pattern will continue: Suddenly tanks on good volume then muddles along sideways for a while on weak and diminishing volume until it suddenly tanks down to the next level and so on.

[elasticband]

Well, BTC hasn´t cratered for several days now. Is the bottom finally in ?

Unless some volume and buying interest comes in it looks like the same old pattern will continue: Suddenly tanks on good volume then muddles along sideways for a while on weak and diminishing volume until it suddenly tanks down to the next level and so on.

generally bears say the bottom is not in yet and bulls say the bottom is in, it's 50/50. I do know some normally quite bearish people who have now switched their positions to long BTC, that for me is an indicator.

[galdur]

Well, BTC hasn´t cratered for several days now. Is the bottom finally in ?

Unless some volume and buying interest comes in it looks like the same old pattern will continue: Suddenly tanks on good volume then muddles along sideways for a while on weak and diminishing volume until it suddenly tanks down to the next level and so on.

generally bears say the bottom is not in yet and bulls say the bottom is in, it's 50/50. I do know some normally quite bearish people who have now switched their positions to long BTC, that for me is an indicator.

We´ll have to see. If it´s getting more bullish this will reflect in volume and price. Unfortunately I see nothing there yet but then again it´s too early to tell I suppose.

[thevictimofuktyranny]

Well, BTC hasn´t cratered for several days now. Is the bottom finally in ?

Unless some volume and buying interest comes in it looks like the same old pattern will continue: Suddenly tanks on good volume then muddles along sideways for a while on weak and diminishing volume until it suddenly tanks down to the next level and so on.

generally bears say the bottom is not in yet and bulls say the bottom is in, it's 50/50. I do know some normally quite bearish people who have now switched their positions to long BTC, that for me is an indicator.

We´ll have to see. If it´s getting more bullish this will reflect in volume and price. Unfortunately I see nothing there yet but then again it´s too early to tell I suppose.

I don't know about the rest of the world, but everyone in the UK get's paid in the last or first week of each month

Therefore, if anyone is selling Bitcoins for Fiat Currency, selling in the 1st or 4th week in each month is best option.

That's next week dudes 

[fhh]

anyone else is seeing a negative dividend on amhash direct GHs with a suspicious date?

Pay Time                   Dividends Date    Dividends Amount
2015-01-19 02:16:53  20151161            -0.00405 mBTC/GHS

@amhash
could you explain that?

[newIndia]

anyone else is seeing a negative dividend on amhash direct GHs with a suspicious date?

Pay Time                   Dividends Date    Dividends Amount
2015-01-19 02:16:53  20151161            -0.00405 mBTC/GHS

@amhash
could you explain that?

Does -ve dividend mean they are deducting money from your account or it is just that you are not making any money ?

[jawitech]

anyone else is seeing a negative dividend on amhash direct GHs with a suspicious date?

Pay Time                   Dividends Date    Dividends Amount
2015-01-19 02:16:53  20151161            -0.00405 mBTC/GHS

@amhash
could you explain that?

Yeah, some lines are looking strange



Check the lines:

2015-01-19 01:59:50    2015116    0.00405 mBTC/GHS    131    0.00053055 BTC
2015-01-19 02:16:54    20151161    -0.00405 mBTC/GHS    131    -0.00053055 BTC

My guess is a problem in their system.

I just sent a mail, waiting for reply.

EDIT: Now Havelock as well as AMHash are down...
EDIT2: Both sites are back

[thevictimofuktyranny]

anyone else is seeing a negative dividend on amhash direct GHs with a suspicious date?

Pay Time                   Dividends Date    Dividends Amount
2015-01-19 02:16:53  20151161            -0.00405 mBTC/GHS

@amhash
could you explain that?

Yes, it looks like someone just inputed it incorrectly on the software

1st mistake is 0.00385
Then they deleted it of with -0.00405
And, added back on with 0.0042

Would make it net 0.004

So, yelp, it is 0.0002 off

I'm crying, I'm weeping at my missing 0.0002 

Or, it is correct and it's a bug in the software.

[amhash]

anyone else is seeing a negative dividend on amhash direct GHs with a suspicious date?

Pay Time                   Dividends Date    Dividends Amount
2015-01-19 02:16:53  20151161            -0.00405 mBTC/GHS

@amhash
could you explain that?

There was a mistake before the negative dividend.
Everybody got duplicate dividends of Jan16,2015.

2015-01-17 00:00:01    20150116    0.00405 mBTC/GHS    
2015-01-19 01:59:48    2015116      0.00405 mBTC/GHS

The negative dividend is to fix this.And there is no dividends missing.

2015-01-19 02:16:53  20151161         -0.00405 mBTC/GHS

We are sorry for the misunderstanding.
Thank you.

AMHash Team.

[jawitech]

There was a mistake before the negative dividend.
Everybody got duplicate dividends of Jan16,2015.

2015-01-17 00:00:01    20150116    0.00405 mBTC/GHS    
2015-01-19 01:59:48    2015116      0.00405 mBTC/GHS

The negative dividend is to fix this.And there is no dividends missing.

2015-01-19 02:16:53  20151161         -0.00405 mBTC/GHS

We are sorry for the misunderstanding.
Thank you.

AMHash Team.

Ok, I can see that in my posted screenshot above. Thanks for explaining.