AMHash1: Cost-Effective Mining Contract

[AirWolf]

wow this sale went so much faster than amhash2 i wonder why same price pretty much same terms but amhash3 is just flying off the shelves at super fast rate its crazy BUT good  

I see two explanations: collapse of pbmining has finally opened some eyes to the fact that there are more important criteria than apparent profitability (ie scams usually arent profitable). And secondly, the 2, possibly 3 subsequent drops in difficulty.

That latter argument may be short lived though, if paycoin hashrate returns to the bitcoin network and next gen miners hit the network over the coming weeks or months.

In my specific case, point #1, and again, thanks to your work, it really made me realize how this should work.

I did a thorough job this time, made some experiments over the days, with hashnest, knc cloud, etc. and from my experimental data, AMhash3 was the better option, not by far, but enough.

[AirWolf]

It looks like someone just bought 150 Th/s on Havelock.

That was me...

wait what you bought 150th dam son should have sent something my wat lol even enough for 20 amhash3 shares lol. I am now at 515 amhash shares lol makes me feel so small and dirty 

Check your PMs

[DARKANGEL6415]

at what conversion will this happen cause i am sure it wont be 1 for 1 cause that would be major rip off and make alot of people who dont come here but own it pissed off. I am just asking in general as i dont own any myself

It's 6 AMHash3 per Scryptx unit.

ok thank you for clarification on that information i am sure some people will be glad questions was asked. If i may ask where did you get that number from is it on website or something. thanks 

[Blazed]

Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

[AirWolf]

Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

I had a few physical miners, gen2 BFL, and i can tell you that cloud mining is profitable only if you can recover/sell your investment, beyond that point, even a satoshi is profit.

[elasticband]

say you bought 100TH at Amhash1 IPO, by now you would have mined around 40BTC from 125BTC investment and your investment at current levels is still worth 120BTC...... Winner 

Amhash 2 would have netted around 31BTC from a 120BTC investment still holding a value of 120BTC

[Mabsark]

Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

For the vast majority of people, AMHash is less expensive than owning a physical miner. The initial cost for 1700 Gh/s is cheaper than an SP20 (which tend to only do around 1500 Gh/s) and that's excluding shipping costs, import costs, local taxes and PSU cost. Also, AMHash maintenance costs are equivalent to running an SP20 with electricity costs of 0.1 USD/kWh.

I had a few physical miners, gen2 BFL, and i can tell you that cloud mining is profitable only if you can recover/sell your investment, beyond that point, even a satoshi is profit.

Gen2 BFL and PBmining. OUCH! I started mining on my CPU and I've heard people say that mining is unprofitable since GPU mining started to pick up steam. They've always been wrong. I think when people say that mining is unprofitable, what they actually mean is that it's no longer a get rich quick scheme.

[hdbuck]

say you bought 100TH at Amhash1 IPO, by now you would have mined around 40BTC from 125BTC investment and your investment at current levels is still worth 120BTC...... Winner  

Amhash 2 would have netted around 31BTC from a 120BTC investment still holding a value of 120BTC

ohhh me likee.. win/win
AMchic very much gentleman.

[DARKANGEL6415]

say you bought 100TH at Amhash1 IPO, by now you would have mined around 40BTC from 125BTC investment and your investment at current levels is still worth 120BTC...... Winner 

Amhash 2 would have netted around 31BTC from a 120BTC investment still holding a value of 120BTC

see that point hits the nail on the head but many people dont see it that way they see maybe unicorns and gold at end of the rainbow made out of skittles 

[DARKANGEL6415]

Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

For the vast majority of people, AMHash is less expensive than owning a physical miner. The initial cost for 1700 Gh/s is cheaper than an SP20 (which tend to only do around 1500 Gh/s) and that's excluding shipping costs, import costs, local taxes and PSU cost. Also, AMHash maintenance costs are equivalent to running an SP20 with electricity costs of 0.1 USD/kWh.

I had a few physical miners, gen2 BFL, and i can tell you that cloud mining is profitable only if you can recover/sell your investment, beyond that point, even a satoshi is profit.

Gen2 BFL and PBmining. OUCH! I started mining on my CPU and I've heard people say that mining is unprofitable since GPU mining started to pick up steam. They've always been wrong. I think when people say that mining is unprofitable, what they actually mean is that it's no longer a get rich quick scheme.

yeah i wish i would have got into bitcoin where i could have used cpu to mine it and yes gpu seem to be so much better for a time. I personally cant have the miners like some people have, i mean i have some but not like 50 machines at 1 time lol

[Chris_Sabian]

say you bought 100TH at Amhash1 IPO, by now you would have mined around 40BTC from 125BTC investment and your investment at current levels is still worth 120BTC...... Winner 

Amhash 2 would have netted around 31BTC from a 120BTC investment still holding a value of 120BTC

That would have been a good investment. 

Yet how many people were predicating 2 difficulty drops and possibility a 3rd since the contract started?

[Chris_Sabian]

Even though I would never buy cloud mining (I mine with physical miners) AM is probably the best one out. Not sure you would ever profit just buying a contract and holding, but if you buy and trade at the right time it could be a good deal. Good luck to everyone that goes this route!

For the vast majority of people, AMHash is less expensive than owning a physical miner. The initial cost for 1700 Gh/s is cheaper than an SP20 (which tend to only do around 1500 Gh/s) and that's excluding shipping costs, import costs, local taxes and PSU cost. Also, AMHash maintenance costs are equivalent to running an SP20 with electricity costs of 0.1 USD/kWh.

I had a few physical miners, gen2 BFL, and i can tell you that cloud mining is profitable only if you can recover/sell your investment, beyond that point, even a satoshi is profit.

Gen2 BFL and PBmining. OUCH! I started mining on my CPU and I've heard people say that mining is unprofitable since GPU mining started to pick up steam. They've always been wrong. I think when people say that mining is unprofitable, what they actually mean is that it's no longer a get rich quick scheme.

yeah i wish i would have got into bitcoin where i could have used cpu to mine it and yes gpu seem to be so much better for a time. I personally cant have the miners like some people have, i mean i have some but not like 50 machines at 1 time lol

Don't beat yourself up about it.  How many people could have imagined that bitcoin would takeoff like it has?

Probably everyone here thinks that if they just cpu mined for a week in 2009 and held, that they would be set for life.  Bitcoin could have failed and still could fail.

[MilkyLep]

You guys are funny. You actually made me go check Havelock to see if there was enough support to sustain the current price level if a 120 BTC dump occurred. 

[elasticband]

You guys are funny. You actually made me go check Havelock to see if there was enough support to sustain the current price level if a 120 BTC dump occurred.  

Of course there is not, especially when you can still openly buy from AMhash3, hashie or amhash direct, but a AMhash1 100TH holder could afford to sell lower than AMhash3 at this moment if they really wanted rid of their stock

[AirWolf]

Got paid my second dividend in 2 days, just as calculations predicted...

Looks like this AMhash can work... anyway i am expecting them to open the market so i can recover my investment at any time.

[stompysteve]

You guys are funny. You actually made me go check Havelock to see if there was enough support to sustain the current price level if a 120 BTC dump occurred.  

Of course there is not, especially when you can still openly buy from AMhash3, hashie or amhash direct, but a AMhash1 100TH holder could afford to sell lower than AMhash3 at this moment if they really wanted rid of their stock

glad i sold my am1 shares to buy am3....keep dropping dif!

[allbull]

hi, ambash.  i am new and am looking to buy some shares.  I wonder if you can provide an estimated ROI days.   thank you.

[elasticband]

hi, ambash.  i am new and am looking to buy some shares.  I wonder if you can provide an estimated ROI days.   thank you.

No, ROI is subject to variables outwith AM's control. please by all means look at the dividend history and use mining calculators to forecast your own projections.

[stompysteve]

hi, ambash.  i am new and am looking to buy some shares.  I wonder if you can provide an estimated ROI days.   thank you.

if difficulty keeps steady right now it will take around 150 days super rough estimate.  There are variables like btc price and difficulty which is dropping right now.

btc price just went up a little bit and dif is going down

[DARKANGEL6415]

You guys are funny. You actually made me go check Havelock to see if there was enough support to sustain the current price level if a 120 BTC dump occurred. 

lol i wish i could have seen your face as i can imagine you racing over to the site in a heart beat to check it out. I possibly even imagine such fast log in info that you log in wrong haha