AMHash1: Cost-Effective Mining Contract

[RoadStress]

Im taking bets difficulty wont go down even once this year.

That also means that the exchange rate will not go below $250 which is nice.

[Puppet]

Im taking bets difficulty wont go down even once this year.

That also means that the exchange rate will not go below $250 which is nice.

No it doesnt. Not if the large mines pay ~$0.06/KwH and especially not if bitfury manages to roll out its 28nm this year.

[tacadt]

Havelock have not announced Amhash dividend today (Nov 22)?

[Neo110]

Its weekend.Same thing like last saturday.They will pay later today.

If i buy shares at hashie.co , will they be transfered to havelock platform?

[tacadt]

The delay in dividends on Saturday Nov 15th was a one time issue that was resolved a few hours later.

We do apologize for the delay and we will work harder to make sure the delay will not happen again.

Thank you,

Havelock Investments

From the above post I think that we will receive amhash dividend every single day ?

[xilatleo]

The delay in dividends on Saturday Nov 15th was a one time issue that was resolved a few hours later.

We do apologize for the delay and we will work harder to make sure the delay will not happen again.

Thank you,

Havelock Investments

From the above post I think that we will receive amhash dividend every single day ?

Yeah. They are late again today. No dividend payout yet!

[Neo110]

You receive dividends every single day,but they have obviously a problem to pay in time on saturdays,no problems on other days.

[DARKANGEL6415]

You receive dividends every single day,but they have obviously a problem to pay in time on saturdays,no problems on other days.

SO this is my 2nd Saturday with havelock investments on the amhash1 shares. I find it weird they have a problem on Saturdays and like you said no problems on other days. I wonder if mayber they just hung over from Friday night party life lol. In any case come on guys fix the weekend pay issues and also please ADD TEXT SMS 2FA for people like me who dont have windows phones pr androids or iphones to get apps would be good.

[tacadt]

You receive dividends every single day,but they have obviously a problem to pay in time on saturdays,no problems on other days.

SO this is my 2nd Saturday with havelock investments on the amhash1 shares. I find it weird they have a problem on Saturdays and like you said no problems on other days. I wonder if mayber they just hung over from Friday night party life lol. In any case come on guys fix the weekend pay issues and also please ADD TEXT SMS 2FA for people like me who dont have windows phones pr androids or iphones to get apps would be good.

For your 2FA problem, you may go to http://www.bluestacks.com/ for a temp solution. They have an Android emulation program that can be installed in PC.

[Neo110]

Its just on day, mayber unprofessional but they working on it.What i dont understand is,why they dont sell shares at havelock anymore.When they have free capacities the can anounce an amhash3, now i have to use another platform if i want buy shares at 0012 btc...I also dont understand why this thread is at securities and not on the regulate forums for cloud miners.If they had startet the thread in another forum they woulnd have to sell with hashie because there were enoug customers...

[Mabsark]

For your 2FA problem, you may go to http://www.bluestacks.com/ for a temp solution. They have an Android emulation program that can be installed in PC.

You don't need to emulate an android, there are windows and linux apps available, for example WinAuth.

[skuser]

New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

That's true only after difficulty adjustment of course. If hashrate grew 100% in one day your own earnings would be unaffected untill diff change, just the blocks would have been mined twice as fast on average.

[MichaelBliss]

New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

That's true only after difficulty adjustment of course. If hashrate grew 100% in one day your own earnings would be unaffected untill diff change, just the blocks would have been mined twice as fast on average.

Only if you were the cause of the increase in hashrate.  If it's competitors putting more equipment online, then naturally your slice of the pie will get smaller, since odds are now less that you will solve the block.

[xhomerx10]

New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

That's true only after difficulty adjustment of course. If hashrate grew 100% in one day your own earnings would be unaffected untill diff change, just the blocks would have been mined twice as fast on average.

Only if you were the cause of the increase in hashrate.  If it's competitors putting more equipment online, then naturally your slice of the pie will get smaller, since odds are now less that you will solve the block.

  No this isn't true.   The odds haven't changed!  Finding a block is based on the difficulty and your hashing rate so if the network speed were to double you would still solve the same number of blocks as you were before the doubling BUT instead of 6 blocks per hour, the network would be solving 12.  This is why there is a difficulty retarget; in order to get the network solving blocks every 10 minutes again.

[DARKANGEL6415]

so if i read last few post correct then, if btc is lets say at like $600 for example. Does this mean we would be getting dividend payouts of like .00001300 per GHS or am i assuming wrong. Once again i am makin up number not saying will be that on the dot lol so please dont cook me alive saying my math is of or blah blah blah haha 

[xhomerx10]

so if i read last few post correct then, if btc is lets say at like $600 for example. Does this mean we would be getting dividend payouts of like .00001300 per GHS or am i assuming wrong. Once again i am makin up number not saying will be that on the dot lol so please dont cook me alive saying my math is of or blah blah blah haha  

 No.  Bitcoin value on has an effect on the maintenance fee as that is converted from dollars to bitcoin and subtracted by the earnings.  The earnings are calculated as follows:

  The payout rate before fee subtraction is 25 / (difficulty * 4.295) BTC per unit per second.  <--no dollars in calculaltion

P.S. I won't "cook you alive" about your math but your spell check is off too.

[amhash]

Its weekend.Same thing like last saturday.They will pay later today.

If i buy shares at hashie.co , will they be transfered to havelock platform?

We'll do this in future, transfer AMHash sold by other platforms to HAVELOCK, so that customers can trade AMHash on HL.

[MichaelBliss]

New dividend payout is 0.00000784. Lower day by day. Any idea why?

Beside the exchange rate affecting the maintenance fee, that's how mining works. If you had 1 GH/s and the network hash rate was 100 Gh/s you would have 1% of the network hash rate. Around 3600 BTC are mined each day, so if you controlled 1% of the network you would receive 1% of that 3600 BTC. Now if the network increased to 200 GH/s you would only control 0.5% of the network hash rate and would receive 0.5% of the 3600 BTC.

So, if the network hash rate increases, your payout decreases.

That's true only after difficulty adjustment of course. If hashrate grew 100% in one day your own earnings would be unaffected untill diff change, just the blocks would have been mined twice as fast on average.

Only if you were the cause of the increase in hashrate.  If it's competitors putting more equipment online, then naturally your slice of the pie will get smaller, since odds are now less that you will solve the block.

  No this isn't true.   The odds haven't changed!  Finding a block is based on the difficulty and your hashing rate so if the network speed were to double you would still solve the same number of blocks as you were before the doubling BUT instead of 6 blocks per hour, the network would be solving 12.  This is why there is a difficulty retarget; in order to get the network solving blocks every 10 minutes again.

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?   

[ujka]

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?  

Yes, your % of blocks found will be smaller, but you will still, on average, be finding the same number of blocks.
More blocks will be found in an hour by all miners, but your expected number of blocks will stay the same (remember - it's based on on current diff, not on the total hashrate). Until that next diff adjustment.

[Mabsark]

Imagine you have 30% of the hashrate today.   So your getting 30% of the coins mined, on average.   Then, someone comes along and puts his huge mining farm online, that's way bigger than what you had.  Say the difficulty won't be adjusted for another week or so.   Now you no longer have 30%, but 5%.  Do you think you'll still be mining 30% of the coins on average, until the difficulty is adjusted?  And that huge new mining farm is mining 0 coins until the difficulty increases?    The blocks will be found faster, but your % of the blocks found will be smaller, no?  

Yes, your % of blocks found will be smaller, but you will still, on average, be finding the same number of blocks.
More blocks will be found in an hour by all miners, but your expected number of blocks will stay the same (remember - it's based on on current diff, not on the total hashrate). Until that next diff adjustment.

I think you guys are talking about different things. AMHash's (and cloud mining in general) payout is based on difficulty. Mining isn't though. Mining payout (ignoring variance) works exactly like MichaelBliss said.