AMHash1: Cost-Effective Mining Contract

[RoadStress]

Producing chips isn't equal to producing miners. Miners cost money to produce. Money which AM doesn't have. In order to replace the 5PH AM needs to spend money on all the other components that are required for miners. Besides miners a building with the required power cabling is required. That also costs money...

AM have money. 3.546 PH @ 0.0012 BTC/Gh (AMHash1 sold for 0.00125 BTC, but I'll just ignore that) = 4,255.2 BTC = ~1 million USD. What makes you think AM has no money? Do you have a source to back that up or are you just trying to spread bullshit as usual?

So all the money from AMHash went to AM only? Didn't know that.

The $1M which you like to throw around to blind the fools isn't the actual profit. Since you don't know their profit margin the $1M is irrelevant. Please back up your statement that AM has money to deploy 5PH of miners. My estimate is that their profit margin is really low which will leave the actual profit to less than 400k$ which is clearly not enough to deploy 5PH/s. But yes, I like to spread bullshit that I can back up at least with logic, if not with solid proof. What are you doing? Just defending a defunct company with no logic and while all evidences are against you.

I am pointing out the FACTS, not spreading bullshit. What's AM solo hashrate? Where are all those 60Ph/s worth of chips? They are clearly not mining in AM solo mining operation and they are clearly not sold because otherwise AM would bathe in money which clearly isn't happening.

[Silverspoon]

...
According to their website AMHash worked with internet data center companies for deployment, so they wouldn't actually control the buildings where the hardware is located. A police report would be fun to see though.

From https://www.amhash.com/photos.htm



They do data centers different in Chian.

[flyingplows]

  ok, so, if this turns out to be a scam, will i be able to transfer my ghs to another scam - like i transfered from hashie.co to this one ?
  since its obvious now that they sold someone elses ghs!   if not it is really disappointing..

[Mabsark]

So all the money from AMHash went to AM only? Didn't know that.

The $1M which you like to throw around to blind the fools isn't the actual profit. Since you don't know their profit margin the $1M is irrelevant. Please back up your statement that AM has money to deploy 5PH of miners. My estimate is that their profit margin is really low which will leave the actual profit to less than 400k$ which is clearly not enough to deploy 5PH/s. But yes, I like to spread bullshit that I can back up at least with logic, if not with solid proof. What are you doing? Just defending a defunct company with no logic and while all evidences are against you.

I am pointing out the FACTS, not spreading bullshit. What's AM solo hashrate? Where are all those 60Ph/s worth of chips? They are clearly not mining in AM solo mining operation and they are clearly not sold because otherwise AM would bathe in money which clearly isn't happening.

Out of that 4,255.2 BTC, Rockminer would have took a cut as their commission, the rest would have went to AM. Given that the contract holders pay for the actual maintenance of the farm, it's simply logical to claim that AM have money, because they clearly do. To claim that AM has no money is simply ignoring the facts. You claim AM have no money. That is not a fact, nor is it even logical considering I've just shown you that the income from AMHash sales alone was around 1 million USD.

Also, please provide a reference for your "facts".

[Silverspoon]

...
To claim that AM has no money is simply ignoring the facts. You claim AM have no money. That is not a fact, nor is it even logical considering I've just shown you that the income from AMHash sales alone was around 1 million USD.

Also, please provide a reference for your "facts".

How about you provide some references for your facts, shill?  How is it you come up with numbers without access to corporate financials?
What is it that makes you think FC put the coin aside for a rainy day?  What makes you think he didn't have any outstanding debt to cover with the proceeds of this ...whatever this was?

[finbad]

http://baltimorepostexaminer.com/wp-content/uploads/Train-Wreck-620x310.jpg

[Puppet]

How about you provide some references to your facts, shill?  How is it you come up with numbers without access to corporate financials?
What is it that makes you think FC put the coin aside for a rainy day?  What makes you think he didn't have any outstanding debt to cover with the proceeds of this ...whatever this was?

You can see it all in AMs 15Q1 financial report.
Oh wait..
14Q4 maybe ?
oh well, Im sure they released one some time .

Trolling aside, AMhash revenue is just that, revenue, it was not profit. Along with the revenue came a liability to pay out mining dividends. Profit margins couldnt have been very high, especially not on the hardware.  AMhash also only sold what, 1/3 of the 5PH ?If all the 5PH was stolen, its a given the AM1 IPO's can not possibly cover such a loss, or even come close. The money will have to come from somewhere else, either AM reserves that no one knows exist or from future profits from 28nm chip sales.

[l3sny]

Sales? What sales? Selling hashrate on-line is the only option to sell it effectively not sending the hardware overseas due to high taxes and costs. Who would trust now AMhash, Rockminer or asicminer if they cannot control their miners??

[Mabsark]

How about you provide some references for your facts, shill?  How is it you come up with numbers without access to corporate financials?
What is it that makes you think FC put the coin aside for a rainy day?  What makes you think he didn't have any outstanding debt to cover with the proceeds of this ...whatever this was?

I never claimed to be stating any facts , I'm simply pointing out that what RoadStress is claiming is just blatantly obvious bullshit which contradicts the evidence. It is a fact that AMHASh claimed to have sold around 3.5 Ph/s of AMHash. It is also a fact that AMHash1 sold for 1.25 mBTC and AMHash2 and AMHash3 sold for 1.2 mBTC.

I also said ASICMiner, AMHash, Rockxie and Friedcat should all be punished and that I'd be leaving feedback against them. Then I left feedback against them. Clearly the actions of a shill!

Sales? What sales? Selling hashrate on-line is the only option to sell it effectively not sending the hardware overseas due to high taxes and costs. Who would trust now AMhash, Rockminer or asicminer if they cannot control their miners??

I wouldn't trust them and I wouldn't expect anyone else to trust them either. I'd say the only avenue left open for them now is self-mining.

[l3sny]

.... unless they handle it in proper manner. AM is their company and I still believe they will do so.

ASICMiner and RockMiner Releasd the Most Affordable Cloud Mining——AMHash

    Author：Alex
    Date：October 24, 2014
    Category：Updates
    73 comments

ASICMiner and RockMiner have reached in-depth cooperation agreement to launch cloud hashing contract project AMHash jointly. Dozens of Petahash hashing power sales will be launched within this year. In order to profit our customers the most, AMHash will offer the best price based on low cost advantage resulted from scale and professional mining.

AMHash1, the first product of AMHash project, is about to be released on HAVELOCK platform. This contract includes 5PH/S cloud hashing power which is going to be sold by 5 blocks (1PH/S per block). Once the former batch has been sold out, the latter batch sales will be initiated automatically. Meanwhile, dividends of the finished block will be released.

Pricing of AMHash1 is so far the lowest in market. The maintenance fee is only USD0.00163/GH/day, namely, maintenance fee for 1000GH is just USD1.63 (10 Yuan) which is way lower than any peers. Average price of AMHash1 hashrate is only USD0.5/GH.

Besides price, other features of AMHash1 such as daily dividends, close interaction with customers, flexible trading are attractive as well.

Basic operation mode for AMHash1 is that ASICMiner is in charge of providing hashing power and mining farm maintenance while RockMiner is in charge of marketing and operation.

More information about AMHash1 and updates, please stay tuned on our official website news:

AMHash web:http://amhash.com/

AMHash purchasing platform:https://www.havelockinvestments.com/fund.php?symbol=AMHash1

RockMiner official blog:http://blog.rockminer.com/

[Puppet]

.... unless they handle it in proper manner. AM is their company and I still believe they will do so.

They have already failed at handling this properly by not disclosing this asap.

[l3sny]

Well... lets wait 48hrs and see. At some point both companies should address the problem.

[primeminer]

Well... lets wait 48hrs and see. At some point both companies should address the problem.

after 48 h:

- what you see?
- nothing
-you see, I told you

[NotLambchop]

^In Bitcoin, cool heads always prevail.
They're still prevailing with Ukyo, Patrick Starfish, Graet, TradeFortress, etc., etc.  All those folks are coming back with the monyz, let's not be so quick to judge.

[Singman33]

...
According to their website AMHash worked with internet data center companies for deployment, so they wouldn't actually control the buildings where the hardware is located. A police report would be fun to see though.

From https://www.amhash.com/photos.htm



They do data centers different in Chian.

AMHash farm ? => http://youtu.be/K8kua5B5K3I

[RoadStress]

So all the money from AMHash went to AM only? Didn't know that.

The $1M which you like to throw around to blind the fools isn't the actual profit. Since you don't know their profit margin the $1M is irrelevant. Please back up your statement that AM has money to deploy 5PH of miners. My estimate is that their profit margin is really low which will leave the actual profit to less than 400k$ which is clearly not enough to deploy 5PH/s. But yes, I like to spread bullshit that I can back up at least with logic, if not with solid proof. What are you doing? Just defending a defunct company with no logic and while all evidences are against you.

I am pointing out the FACTS, not spreading bullshit. What's AM solo hashrate? Where are all those 60Ph/s worth of chips? They are clearly not mining in AM solo mining operation and they are clearly not sold because otherwise AM would bathe in money which clearly isn't happening.

Out of that 4,255.2 BTC, Rockminer would have took a cut as their commission, the rest would have went to AM. Given that the contract holders pay for the actual maintenance of the farm, it's simply logical to claim that AM have money, because they clearly do. To claim that AM has no money is simply ignoring the facts. You claim AM have no money. That is not a fact, nor is it even logical considering I've just shown you that the income from AMHash sales alone was around 1 million USD.

Also, please provide a reference for your "facts".

You lack reading comprehension or you are just bad intended. I haven't said that AM doesn't have money at all. I stated that AM doesn't have money to simply build 5PH/s to cover the loss of AMHash. Trying to change the subject just to make me look bad is not working:

Producing chips isn't equal to producing miners. Miners cost money to produce. Money which AM doesn't have.

I hope it is clear now for you and for everyone else reading this.

I'm simply pointing out that what RoadStress is claiming is just blatantly obvious bullshit which contradicts the evidence.

What evidence? Show us your evidence? Q4 2014 financial statements? None. Solo mining hashrate? None. Where is your evidence?

It is also a fact that AMHash1 sold for 1.25 mBTC and AMHash2 and AMHash3 sold for 1.2 mBTC.

Do you know how much of that is AM profit? You don't. Can you make an educated guess? You refuse it because you refuse to face reality.

[Blazed]

Why would they build out more of BE200 anyways? That chip was outdated when it came out. I am guessing they wanted to keep this silent until the BE300 were out.

[AirWolf]

This is the same fairy tale that PBmining came out with: "I've been robbed (of virtual shares)..." which is easier than robbing like a ton of miners and power supps, etc. (how many trucks would they have needed?)

They did it so good that even fooled Puppet, or maybe Puppet was an accessory to it (supposing only)

Ok, i recovered all the money from PBmining, i will do the same with this one.

Stay tunned.

[Mabsark]

Producing chips isn't equal to producing miners. Miners cost money to produce. Money which AM doesn't have.

How much capital does AM have? You have no idea.
How much money does it cost to produce a Tube? How much does it cost to produce a Prisma? You have no idea.
Yet apparently you know for a fact that AM don't have enough money to produce an extra 5 Ph/s worth of miners. Do you not see how such a statement is clearly illogical nonsense?

Besides what makes you think AMHash didn't have 5 PH/s already self-mining as FC seemed to claim. They did buy back Prisma's off anyone who wanted to take them up on the offer after all. Do you know how many Prismas were bought back? No you don't.

Yet again, apparently you know for a fact that AM couldn't possibly replace 5 Ph/s worth of hashing power based on having no actual knowledge or information.

Like I've been saying for months, you seem to have extreme difficulty understanding the difference between a fact and an opinion.

[Blazed]

Producing chips isn't equal to producing miners. Miners cost money to produce. Money which AM doesn't have.

How much capital does AM have? You have no idea.
How much money does it cost to produce a Tube? How much does it cost to produce a Prisma? You have no idea.
Yet apparently you know for a fact that AM don't have enough money to produce an extra 5 Ph/s worth of miners. Do you not see how such a statement is clearly illogical nonsense?

Besides what makes you think AMHash didn't have 5 PH/s already self-mining as FC seemed to claim. They did buy back Prisma's off anyone who wanted to take them up on the offer after all. Do you know how many Prismas were bought back? No you don't.

Yet again, apparently you know for a fact that AM couldn't possibly replace 5 Ph/s worth of hashing power based on having no actual knowledge or information.

Like I've been saying for months, you seem to have extreme difficulty understanding the difference between a fact and an opinion.

All of this speculation is 100% AM's fault. This is what happens when you ignore everyone for months at a time. Hands down this is the worst run business I have ever seen...it almost seems intentional.