AMHash1: Cost-Effective Mining Contract

[galdur]

This dog seems quite lifeless. Unless some buying volume to speak of comes in soon they´ll retest the recent bottom.

[Chris_Sabian]

This dog seems quite lifeless. Unless some buying volume to speak of comes in soon they´ll retest the recent bottom.

Thanks for providing charts and analysis for everyone would can't look it up themselves...

[galdur]

This dog seems quite lifeless. Unless some buying volume to speak of comes in soon they´ll retest the recent bottom.

Thanks for providing charts and analysis for everyone would can't look it up themselves...

Thanks for asking for more of this. I´ll make sure to oblige.

Can´t wait for some retard to start accusing me of "misleading newbies" read: maybe slow their buying which doesn´t help the selling of the experienced users and other experts.

[Mabsark]

Thanks for asking for more of this. I´ll make sure to oblige.

Can´t wait for some retard to start accusing me of "misleading newbies" read: maybe slow their buying which doesn´t help the selling of the experienced users and other experts.

He didn't ask for more. He was being bloody sarcastic. He's actually saying "Stop posting this shit. Anybody who wants to look at this stuff can do so by going to the website and they don't need hourly updates about it from you."

[galdur]

Thanks for asking for more of this. I´ll make sure to oblige.

Can´t wait for some retard to start accusing me of "misleading newbies" read: maybe slow their buying which doesn´t help the selling of the experienced users and other experts.

He didn't ask for more. He was being bloody sarcastic. He's actually saying "Stop posting this shit. Anybody who wants to look at this stuff can do so by going to the website and they don't need hourly updates about it from you."

There´s no need to be so sullen. And apologies for disrupting the lively discussion here.

In other news, the bid is thin as usual. 40K units (2% of all units) and the price is at .0005. Good to know if BTC crashes which is always a looming possibility as we know. Happy trading.

P.S. My post was seven hours after Darkangel posted on this comatose thread so I´m not sure about this "hourly update" spin. Probably just sullen bollocks.

[galdur]

BTW and of course it doesn´t have anything to do with this co, especially since they´re in the same industry. But could Bitman/Hashnest be about to give up the ghost ? I seems to be symptoms similar to when CEX started going in the crapper.

[Mabsark]

BTW and of course it doesn´t have anything to do with this co, especially since they´re in the same industry. But could Bitman/Hashnest be about to give up the ghost ? I seems to be symptoms similar to when CEX started going in the crapper.

No, Bitmain have newer more efficient miners which will pretty much replace the S2s and S3s when those contracts end. They're a manufacturer like AM, they'll continue to make newer, more efficient ASICs as long as it's profitable to do and will provide those ASICs in the form of cloud mining as long as it's profitable for them to do so.

Unless Bitmain folds, Hashnest is going nowhere. Same with AM and AMHash.

[galdur]

BTW and of course it doesn´t have anything to do with this co, especially since they´re in the same industry. But could Bitman/Hashnest be about to give up the ghost ? I seems to be symptoms similar to when CEX started going in the crapper.

No, Bitmain have newer more efficient miners which will pretty much replace the S2s and S3s when those contracts end. They're a manufacturer like AM, they'll continue to make newer, more efficient ASICs as long as it's profitable to do and will provide those ASICs in the form of cloud mining as long as it's profitable for them to do so.

Unless Bitmain folds, Hashnest is going nowhere. Same with AM and AMHash.

All right. Something to follow I guess.

[erre]

Minimum withdraw setted from 0.005 to 0.01 to 0.05?


 

You guys make me think that I won't ever be able to see my money

[ajw7989]

Minimum withdraw setted from 0.005 to 0.01 to 0.05?


 

You guys make me think that I won't ever be able to see my money

On what site havelock or amhash direct?

[jawitech]

Minimum withdraw setted from 0.005 to 0.01 to 0.05?


 

You guys make me think that I won't ever be able to see my money

On what site havelock or amhash direct?

AMHash, noticed that, too. I sent a mail and asked if it's possible to lower the amount to 0.01, waiting for reply.

[erre]

The minimum amount constantly rising have a bad smell, I don't like it at all...

[Mabsark]

The minimum purchase order at AMHash was 20 Th/s. The last dividend was for 519 Satoshis/Gh. Multiply that by 20000 and you get 0.1038 BTC which is double the 0.05 BTC minimum. Basically, you should only have a problem if you bought from Hashie and you have every right to complain if that's the case.

AMHash,
Either transfer those contracts to Havelock or reduce the minimum payout to a value that actually makes sense for your customers with the least hash power on your site. Someone with 1 Gh/s would never make enough to withdraw which essentially means you have ripped them off. AM does not need another tarnished brand, especially at this point in time, so sort it out.

[MichaelBliss]

Minimum withdraw setted from 0.005 to 0.01 to 0.05?


 

You guys make me think that I won't ever be able to see my money

.05btc = ~$11 ....  less than $11 is pocket change, not an investment.   As an AM shareholder, I'd be more upset if they allowed you guys to withdraw your fractions of a dollar or whatever you're looking to do.

It's a total waste of time processing stuff like that.  Outside of Bitcoin fantasyland - can you imagine calling a broker to liquidate your $11 "investment"? 

They are running a business and need to be efficient, so it's understandable why they wouldn't process ridiculously meaningless amounts.

To be honest, if $11 is a lot of money to you, then you have much bigger problems than AsicMiner Hash...   You'll need to find food and shelter, then work on getting some work to feed yourself.       j/j

Seriously, 0.05btc seems totally reasonable.

[HarmonLi]

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

[danrachita]

Minimum withdraw setted from 0.005 to 0.01 to 0.05?


 

You guys make me think that I won't ever be able to see my money

.05btc = ~$11 ....  less than $11 is pocket change, not an investment.   As an AM shareholder, I'd be more upset if they allowed you guys to withdraw your fractions of a dollar or whatever you're looking to do.

It's a total waste of time processing stuff like that.  Outside of Bitcoin fantasyland - can you imagine calling a broker to liquidate your $11 "investment"?  

They are running a business and need to be efficient, so it's understandable why they wouldn't process ridiculously meaningless amounts.

To be honest, if $11 is a lot of money to you, then you have much bigger problems than AsicMiner Hash...   You'll need to find food and shelter, then work on getting some work to feed yourself.      j/j

Seriously, 0.05btc seems totally reasonable.

I think is not about how much every one win.
Is about right of every person to do what he want with his money when he want.Who has right to decide about that?
Where is so much work to do?
Must modify in site and win must automatically withdraw for more than 0.01 let say or even lower amount.Even can do to withdraw automatically dailly dividents in any amount.
Its our dividends and we must decide when and where to use them.
BR.

[thevictimofuktyranny]

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

You have to remember

AMhash is manually checking every withdrawal, to prevent hackers robbing their cloudmining website

With the transfer of up to 40,000 Hashie customers, it must have become very time consuming

People, withdrawing tiny amounts of mBTC is just overloading AMhash staff.

There are two ways to solve this: a) is to automate; this and risk hackers stealing your funds or raising

Or, b) to make minimum withdrawals higher (0.05BTC), therefore AMhash staff have a 95% reduction in how many withdrawals they have to manually authorise each day

Just think as a business would think dude, it makes sense in relation to procedure they have chosen to use for withdrawals

[MichaelBliss]

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

I thought we were talking about the minimum withdrawal limit not the fee?

If it's the limit, than it doesn't affect anyone’s margins except maybe positively since fewer transfers = less paid in transaction fees.

[erre]

I simply think that 0.05 is too much for a lot of people coming from hashie.

I really appreciated what you did to "save" us from hashie, but the minimum purchase there was 20 gh/s, so if you don't change your politics a lot of  people will " never" see their money.

[Chris_Sabian]

Huh... I don't know what to make of AM raising the minimum withdrawal limit. Is it a bad sign? I don't know... not necessarily. I think it's just gnawing on everyone's margins if people constantly withdraw their daily payouts. (I do get that keeping BTC on an exchange or cloud mining portal is wrong, sure!)

You have to remember

AMhash is manually checking every withdrawal, to prevent hackers robbing their cloudmining website

With the transfer of up to 40,000 Hashie customers, it must have become very time consuming

People, withdrawing tiny amounts of mBTC is just overloading AMhash staff.

There are two ways to solve this: a) is to automate; this and risk hackers stealing your funds or raising

Or, b) to make minimum withdrawals higher (0.05BTC), therefore AMhash staff have a 95% reduction in how many withdrawals they have to manually authorise each day

Just think as a business would think dude, it makes sense in relation to procedure they have chosen to use for withdrawals

There is no way Hashie has 40,000 customers.  I would be surprised if they had more than 500.