AMHash1: Cost-Effective Mining Contract

[OgNasty]

I was thinking that selling lots of AMHash as opposed to self-mining is especially in AM's interest if the difficulty is going up (and ROI is impossible for AMHASH customers).   If difficulty is stable or going down - it's more in AM's interest to self-mine rather than sell cloudhashing, i.e. letting AMHASH customers get the profit.    It was always going to be some split between the two, but since the difficulty stopped going up exponentially, it would seem to me that self-mining is more profitable for AM  than selling the hashrate.  

With all the announcements of far superior miners coming in 2015, I think AM is selling everything they can now before the difficulty goes exponential again.  Don't make the mistake of thinking we're going to see any sort of long term difficulty stabilization.  We won't.

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[Mabsark]

With all the announcements of far superior miners coming in 2015, I think AM is selling everything they can now before the difficulty goes exponential again.  Don't make the mistake of thinking we're going to see any sort of long term difficulty stabilization.  We won't.

AM will be getting their gen 4 28nm samples back in about two weeks so it makes even more sense for them to shift as much gen 3 hashing power as quickly as possible.

This situation is just bizarre. Especially when you consider quotes like this from Rockxie:

For AM shareholders:
1 AM has lots of BE200s in stock,if we can't convert them to devices asap in their life time,these chips will be nothing,then it will be a big loss.Obviously,In the present case AMHash is the best choice for AM to sell large quantities chips and devices.

2 Cloud Mining is trend for bitcoin mining in future. If AMHash1 is successful, BE300 also can be benefit from this project.

3 Only if AM make profits,dividends is possible.

Now, by all appearances, he's not even trying to sell AMHash contracts, so by his own words he's deliberately screwing over AM.

[RoadStress]

Its just not very reliable. Probably built by blackarrow

Well it lasted half a day so you didn't lie 

[OgNasty]

For AM shareholders:
1 AM has lots of BE200s in stock,if we can't convert them to devices asap in their life time,these chips will be nothing,then it will be a big loss.Obviously,In the present case AMHash is the best choice for AM to sell large quantities chips and devices.

2 Cloud Mining is trend for bitcoin mining in future. If AMHash1 is successful, BE300 also can be benefit from this project.

3 Only if AM make profits,dividends is possible.

Now, by all appearances, he's not even trying to sell AMHash contracts, so by his own words he's deliberately screwing over AM.

I don't think he's screwing AM at all.  It looks like he's just stating the facts as he knows them.  He's saying that the BE200 is going to be worthless soon, and AMHash is the fastest way to sell the chips they're sitting on before that happens.  Great business move for asicminer shareholders probably, but I have a feeling a large % of the people buying these types of investments will end up as bagholders.  I'm curious to see how this will play out.

Edited down to my opinion.

[Mabsark]

I don't think he's screwing AM at all.  It looks like he's just stating the facts as he knows them.  He's saying that the BE200 is going to be worthless soon, and AMHash is the fastest way to sell the chips they're sitting on before that happens.

It's Rockminer's job to sell the AMHash contracts on Havelock. Do you see AMHash selling any AMHash contracts on Havelock? I don't and I haven't seen any for the past two weeks. New contracts have been available to purchase for less time than they've been unavailable. If you paid me to sell mining contracts and I just gave some half-arsed attempt at the beginning and then just completely stopped trying, would you feel that I'd ripped you off? Unless Rockminer is working for free (and ripping off its own shareholders) then it's getting paid by AM to sell contracts that it clearly isn't even trying to sell.

Now this could all be based on obsolete information, in which case they're all still incompetent for not informing us.

The entire system of automated buyback and giving away free hashrate for people willing to purchase more screams of upward price manipulation so that they can get the most $ the fastest from their customers.  Only short term traders will be able to make $ or Bitcoins.  Maybe in the future they will offer a AMHash1->AMHash2 upgrade opportunity that won't make it so bad for purchasers.  I would think they would have to instead of just shutting down AMHash1 with a total loss for purchasers when the miners become unprofitable.  Time will tell.  I'm curious to see how this will play out.

I don't know what you're talking about when you say AM are giving away free hash rate. Also, AMHash2 has been and gone. We're waiting for AMHash3 to show up. With regards to the termination of contracts, we have the following info:

If the calculated payout after fee substraction is less than or equal to zero, the contract will be suspended. If the number of subsequent days suspended reaches 10, the contract terminates.

So no, there won't be any upgrades and rightly so. Why would they get an upgrade? If your Prisma actually worked properly, would you have expected AM to give you a free gen 4 or gen 5 miner when the Prisma became unprofitable?

[xilatleo]

You guys can buy AM share with very low price right now. Go and look at it! 

[DARKANGEL6415]

wow i just asked well more like made 1 little coment and i see it brought out a bunch of different view points. I like reading all the different view points that dont have all the 8 posts of troll crap in between each good read like i see on other forums for other companies lol. In any case alot of valid points guys

[RoadStress]

This bet is too intense!

[Puppet]

This bet is too intense!

Im pretty sure Im losing this one. But its gonna be closer than most thought

[hashie]

Great business move for asicminer shareholders probably, but I have a feeling a large % of the people buying these types of investments will end up as bagholders.  I'm curious to see how this will play out.

That of course depends on the difficulty increases, right now it's not bad for the 'bagholders'

-Sahra

[NotLambchop]

Great business move for asicminer shareholders probably, but I have a feeling a large % of the people buying these types of investments will end up as bagholders.  I'm curious to see how this will play out.

That of course depends on the difficulty increases, right now it's not bad for the 'bagholders'

-Sahra

If potential ROI is not taken off the table by difficulty increases (see: every mining stock to date), something else will come along to impoverish teh intrepid investors (see: every Havelock offering, 95% of Bitcoin-denominated securities).

  ~Happy Investing.

[RoadStress]

This bet is too intense!

Im pretty sure Im losing this one. But its gonna be closer than most thought

I was ready to give up when you powered your 100PH machine from BA.

[xhomerx10]

Great business move for asicminer shareholders probably, but I have a feeling a large % of the people buying these types of investments will end up as bagholders.  I'm curious to see how this will play out.

That of course depends on the difficulty increases, right now it's not bad for the 'bagholders'

-Sahra

If potential ROI is not taken off the table by difficulty increases (see: every mining stock to date), something else will come along to impoverish teh intrepid investors (see: every Havelock offering, 95% of Bitcoin-denominated securities).

  ~Happy Investing.

 You're probably right so I made a special Bitcoin address just for you.

Address: 1MrDoomysxpRH3YW4frf4AuzZWn89PeJNY

Enjoy!

[NotLambchop]

Thanks, I guess   Nice vanity addy. 

[xhomerx10]

Thanks, I guess   Nice vanity addy. 

 Yeah, I wanted to do 1Realist... but the difficulty was too high so it would have taken a day to render and would not have made for a timely reply to your post

[DARKANGEL6415]

Thanks, I guess   Nice vanity addy. 

 Yeah, I wanted to do 1Realist... but the difficulty was too high so it would have taken a day to render and would not have made for a timely reply to your post

lol that is i think it needs a special note so people dont try to send to it btc as gifts or stuff like that. I do agree the diffculty change will not be no 5-7% like i thought it was going to be but hey even 0.5% NEGATIVE difficulty change is good for little fish like me that dont want to see not 10 - 15% increase every 2 weeks

[xhomerx10]

Thanks, I guess   Nice vanity addy. 

 Yeah, I wanted to do 1Realist... but the difficulty was too high so it would have taken a day to render and would not have made for a timely reply to your post

lol that is i think it needs a special note so people dont try to send to it btc as gifts or stuff like that. I do agree the diffculty change will not be no 5-7% like i thought it was going to be but hey even 0.5% NEGATIVE difficulty change is good for little fish like me that dont want to see not 10 - 15% increase every 2 weeks

 If people want to send gifts to it, that's fine.  Only NotLambchop has the privkey for it.
I like the relative calm of the difficulty as well, it's good for AMHash and that's good for us

[Puppet]

I want to bet on the next diff rise which is in ~7 days. I say it will be below 0.

ok, so the bet I proposed. You're on, 0.1 BTC, I say it will be above 0.

(And if its precisely zero, I suggest we both donate to a charity :p)

Time to turn on my 100PH machine!

Ok.

Havent done the math, but I think at this point its even mathematically impossible for me to win.
Post or pm me an address so I can send you a life changing amount of btc :p.

[RoadStress]

Havent done the math, but I think at this point its even mathematically impossible for me to win.
Post or pm me an address so I can send you a life changing amount of btc :p.

Sent. This is gentlemen!

[Puppet]

Dont spend it all at once