AMHash1: Cost-Effective Mining Contract

[Puppet]

We are going to improve the promotion ways of AMHash, any suggestions?

If I can make one suggestion, it would be to sell the hashrate directly.

AM is one of the few companies in this business that people still trust (well, at least those that didnt buy a prisma). Yet you force potential customers to either use a pretty shady and most likely illegal exchange (havelock) or buy it through what most sane people consider a ponzi scam operation (hashie).

I know you promised to back the contracts regardless, but just being associated with them taints your image and gives credibility to a competing scam operation. I utterly fail to understand the logic behind that.

Just do it yourself.

[rudi]

Just do it yourself.

Building your own platform is a lot of work, unless you do it the quick-and-dirty way (but in that case I would worry about security). Say what you want about Havelock, but at least it seems to be secure.

Unless this AMHash platform adds interesting features, it would just duplicate what Havelock already offers anyway.

Talking about features I'd like to see: I'd be interested in fractional share trading and a maker-taker fee structure.

[Puppet]

It doesnt have to be fancy, it doesnt initially even need a trading platform. Just buy a contract, how hard can that be?  These ponzi's can do it in a few hours judging by the speed at which they appear, and the backoffice part they already have.

Id do it just like AM direct shares, that if you want, you can import in to havelock if you want to trade them there.

[rudi]

Removing the trading feature indeed would simplify the whole thing a lot. But for sure it is much more work than just letting Havelock take care of everything.

Maybe it's worth it. I guess it depends on how much people distrust Havelock.

[havelock]

I agree with puppet, why trust an exchange like Havelock that has been there for over two years. An exchange that is registered and complies with local securities regulators at the same location where they reside.  Provides fast support and a telephone number in case you need to reach them right their on their contact page.  Never had any major security issues since inception and provides a quality service to AM and AMHASH investors with no buy in fees and a low 0.4% sell fee.

[ajw7989]

I agree with puppet, why trust an exchange like Havelock that has been there for over two years. An exchange that is registered and complies with local securities regulators at the same location where they reside.  Provides fast support and a telephone number in case you need to reach them right their on their contact page.  Never had any major security issues since inception and provides a quality service to AM and AMHASH investors with no buy in fees and a low 0.4% sell fee.

I agree completely I personally have all my shares on havelock and sometimes buy and sell depending on the swings and dips. For AMHASH to have my business first they MUST lower the trading fees. $1.10 and 9% is ridiculous and forces people to keep their shares longer (sure this can have benefits but I HATE having my money tied up, its always nice to know I can pull out if I find a better investment and need it quick). Second if you want to distinguish yourself accept more payments than just bitcoin maybe paypal (GAW's model). Third I would like some more transparency such as showing your mining address for a week or so. The BTCguild few minute thing does not prove anything. Show us a week's worth or real time mining and it would definitely help.

[hdbuck]

I agree with puppet, why trust an exchange like Havelock that has been there for over two years. An exchange that is registered and complies with local securities regulators at the same location where they reside.  Provides fast support and a telephone number in case you need to reach them right their on their contact page.  Never had any major security issues since inception and provides a quality service to AM and AMHASH investors with no buy in fees and a low 0.4% sell fee.

I agree completely I personally have all my shares on havelock and sometimes buy and sell depending on the swings and dips. For AMHASH to have my business first they MUST lower the trading fees. $1.10 and 9% is ridiculous and forces people to keep their shares longer (sure this can have benefits but I HATE having my money tied up, its always nice to know I can pull out if I find a better investment and need it quick). Second if you want to distinguish yourself accept more payments than just bitcoin maybe paypal (GAW's model). Third I would like some more transparency such as showing your mining address for a week or so. The BTCguild few minute thing does not prove anything. Show us a week's worth or real time mining and it would definitely help.

+1 i must say i even lost my googleauth and managed to get my account back in not even 24h. they are very responsive.

so im with you on that havelock, i think it is impossible (if not unnecessary) nowadays to compel whatsoever to any traditional juridiction when talking bitcoin securities (and especially not the us)
although i would appreciate more clarity on your moving from canada to panama, teams, future plans etc.. (noob stuff also, but i'd appreciate an improved GUI, + all the securities trade history ^^)

it seems bitcoin is about trust afterall, or at least in these early days.
but you better not screw me

[xhomerx10]

I agree with puppet, why trust an exchange like Havelock that has been there for over two years. An exchange that is registered and complies with local securities regulators at the same location where they reside.  Provides fast support and a telephone number in case you need to reach them right their on their contact page.  Never had any major security issues since inception and provides a quality service to AM and AMHASH investors with no buy in fees and a low 0.4% sell fee.

 I agree that Havelock is the right choice for moving of the shares.  The platform already existed and the fees are nominal.  I don't believe AMHash would have realized any savings by going it on their own.
   

[Puppet]

why trust an exchange like Havelock

The issue I have is not so much with havelock as it is with hashie.co, which currently is the only way amhash is selling anything.

Moreover, fact is many people do not trust you, and do not believe at all you are operating within the law in mostly any country outside panama. There is a reason most AM shareholders have not moved their shares to your platform, those same people Im quite sure would prefer to deal with AMhash directly if given the choice. Currently their choice is between a platform they dont trust and a ponzi no one should trust.

[DARKANGEL6415]

I agree with puppet, why trust an exchange like Havelock that has been there for over two years. An exchange that is registered and complies with local securities regulators at the same location where they reside.  Provides fast support and a telephone number in case you need to reach them right their on their contact page.  Never had any major security issues since inception and provides a quality service to AM and AMHASH investors with no buy in fees and a low 0.4% sell fee.

I agree completely I personally have all my shares on havelock and sometimes buy and sell depending on the swings and dips. For AMHASH to have my business first they MUST lower the trading fees. $1.10 and 9% is ridiculous and forces people to keep their shares longer (sure this can have benefits but I HATE having my money tied up, its always nice to know I can pull out if I find a better investment and need it quick). Second if you want to distinguish yourself accept more payments than just bitcoin maybe paypal (GAW's model). Third I would like some more transparency such as showing your mining address for a week or so. The BTCguild few minute thing does not prove anything. Show us a week's worth or real time mining and it would definitely help.

+1 i must say i even lost my googleauth and managed to get my account back in not even 24h. they are very responsive.

so im with you on that havelock, i think it is impossible (if not unnecessary) nowadays to compel whatsoever to any traditional juridiction when talking bitcoin securities (and especially not the us)
although i would appreciate more clarity on your moving from canada to panama, teams, future plans etc.. (noob stuff also, but i'd appreciate an improved GUI, + all the securities trade history ^^)

it seems bitcoin is about trust afterall, or at least in these early days.
but you better not screw me

this are all good points and i could not have said it better. Now since we have havelock in the house, i wouold like to ask when are you all going to add 2FA SMS text verification some of us dont have apps for codes or simply dont want them and preffer text codes to cell phones. Also please add more amhash to sell from havelock directly.

[amhash]

Update

ASICMiner is attending the Internet Finance Innovation CEO Summit(IFICS) Global Bitcoin Summit(Hong Kong) to promote the latest 28NM BE300 chips and Prisma:



Here is the booth:



Here are some specs of BE300:

[drasted]

Here is the booth:

You'd probably want to be clear that your company isn't BASICMiner when introducing it to new people.

[DARKANGEL6415]

Update

ASICMiner is attending the Internet Finance Innovation CEO Summit(IFICS) Global Bitcoin Summit(Hong Kong) to promote the latest 28NM BE300 chips and Prisma:



Here is the booth:



Here are some specs of BE300:

Well this is awsome hope the summit in hong kong goes well. I cant wait to see what 20 or 24 NM can do

[amhash]

Update

Some details of BE300:

Process: tsmc 28nm hpc

Package: fclga (5mm x 5mm)

Normal Mode:
    0.7v vdd
    6gh/s per chip
    8gh/s-12gh/s per chip for mass production
    0.343w/g on chip
    ~0.3w/g on chip for mass production

Low Power Mode:
    0.55v vdd
    4.5gh/s per chip
    6gh/s-9gh/s per chip for mass production
    0.225w/g on chip
    ~0.2w/g on chip for mass production

The schedule of BE300 producing: First batch production will be done next Feb.

[amhash]

You'd probably want to be clear that your company isn't BASICMiner when introducing it to new people.
[/quote]

Haha, you are right, we need to do some logo design, thanks very much!!!!!

[jimmothy]

Update

Some details of BE300:

Process: tsmc 28nm hpc

Package: fclga (5mm x 5mm)

Normal Mode:
    0.7v vdd
    6gh/s per chip
    8gh/s-12gh/s per chip for mass production
    0.343w/g on chip
    ~0.3w/g on chip for mass production

Low Power Mode:
    0.55v vdd
    4.5gh/s per chip
    6gh/s-9gh/s per chip for mass production
    0.225w/g on chip
    ~0.2w/g on chip for mass production

The schedule of BE300 producing: First batch production will be done next Feb.

Are these estimated specs or has it been tested?

[RoadStress]

Are these estimated specs or has it been tested?

They get sample chips in ~3 weeks so it can't be tested.

[aumusxou]

Sample chips in about 2.5 weeks.

December 16 is to be expected for us to get the chips. Testing time varies at 3-10 days since we had much more preparation work already done this time.

[Dexter770221]

Update

Some details of BE300:

Process: tsmc 28nm hpc

Package: fclga (5mm x 5mm)

Normal Mode:
    0.7v vdd
    6gh/s per chip
    8gh/s-12gh/s per chip for mass production
    0.343w/g on chip
    ~0.3w/g on chip for mass production

Low Power Mode:
    0.55v vdd
    4.5gh/s per chip
    6gh/s-9gh/s per chip for mass production
    0.225w/g on chip
    ~0.2w/g on chip for mass production

The schedule of BE300 producing: First batch production will be done next Feb.

Looks like you become a hardware guy @ AM.

Mass production specs differs and are better. 4 (2?) dies on one substrate?

[elasticband]

got my investment back and i still own 6TH. ROI and profit achieved within 30days. good luck folks!

edit: My bad, 5TH not 6TH