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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3900017 times)
Mabsark
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October 24, 2014, 12:01:22 PM
 #23941

but the old shares AM1, are automatically included in this project?
 Huh

Not, i wonder why people actually arent more outraged by this ...

Why would people be outraged? It's not like AM have given away 5 Ph/s to Havelock. Any profit from AMHash will obviously be included in AM's dividends just like profit from the sales of miners are. To suggest otherwise is simply ridiculous.
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Blazed
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October 24, 2014, 12:10:05 PM
 #23942

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.
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October 24, 2014, 12:18:29 PM
 #23943

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

There is 5 blocks for sales,each block is 1P,when a block is sold out,the next 1P will start automaticly.
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October 24, 2014, 12:19:57 PM
 #23944

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Each share is worth 1Gh/s.
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October 24, 2014, 12:20:32 PM
 #23945

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

AM shareholders would benefit even if the miners belonged to Rockminer because they purchased the chips from AM.
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October 24, 2014, 12:29:08 PM
 #23946

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

Ok I am bad at math.

@roadstress I see you posting but choosing not to acknowledge the post I made in reply to your comment yesterday.

I am not working at SP-Tech to be able to reply to you and I am not trying to sell anything. Can we focus on my posts, not on my signature?


I never said you were selling anything or working for SP. You made a comment regarding AM's chip efficiency, I made a comparison against the HW being sold by the vendor in you affiliate link (where i presume if you collect enough orders you get something, but that's none of my business), but you say you cannot comment...... okay  Roll Eyes
hdbuck
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October 24, 2014, 12:32:18 PM
 #23947

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

AM shareholders would benefit even if the miners belonged to Rockminer because they purchased the chips from AM.


Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

Edit: he is not even the one asking. Instead he is mandating rockxie an havelock to do so... Roll Eyes
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October 24, 2014, 12:32:45 PM
 #23948

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

AM shareholders would benefit even if the miners belonged to Rockminer because they purchased the chips from AM.

I would assume so, but who knows how that deal works. I think the cloud mining was a pretty good call for both AM and RM. Always better to sell the hash upfront as they make more that way then they ever could mining. Selling hosted mining only makes the seller profits..definitely not the buyer!
amhash
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October 24, 2014, 12:46:47 PM
 #23949

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

1.If you are going to buy hashrate or miners, AMHash will be the best one.
2.Just as we said in the prospectus, AM will supply the hashrate ,RM will sell and manage it.

AMHash
ASICMINERROCKMINER ● Purchase from: AMHash (20Th/s min) ● Havelock (1Gh/s min)
Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus

FUR11
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October 24, 2014, 12:50:19 PM
 #23950

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

rudi
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October 24, 2014, 12:51:01 PM
 #23951

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.
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October 24, 2014, 12:57:27 PM
 #23952

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.

Even if you get divs...buying the AMHash is a bad idea. You cannot make a profit with buying hosted mining.  You should just hope it sells well and that AM makes some profit from it.
rudi
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October 24, 2014, 12:59:50 PM
 #23953



There is about one PH worth of hardware in this picture.
Must be very loud.
rudi
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October 24, 2014, 01:04:40 PM
 #23954

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?
elasticband
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October 24, 2014, 01:04:44 PM
 #23955

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Each share is worth 1Gh/s.

Great work by the way!
arnuschky
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October 24, 2014, 01:06:12 PM
 #23956



There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?
mxmenga
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October 24, 2014, 01:13:05 PM
 #23957

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

I hope so, it is from March that i don't see any satoshi from AM  Roll Eyes

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FUR11
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October 24, 2014, 01:13:19 PM
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There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes


There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?
? Where did this come from?

Here are quite some pictures of the farm: http://instagram.com/asicminerhash. Seems to be quite an operation. I hope they can scale the hashrate and efficiency even higher with gen 4. But I bet this still is gen 3.

FUR11
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October 24, 2014, 01:14:45 PM
 #23959

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

Well, you're not alone. I believe there are quite some people who are waiting for dividends to start rolling again. I believe we need to see gen 4 and possibly a rise in BTC price first, though :/

I hope so, it is from March that i don't see any satoshi from AM  Roll Eyes

Tripjammer
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October 24, 2014, 01:17:01 PM
 #23960

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?

Why do people say you can't make a profit? I know people are making a profit in some of the other cloud mining systems. This one seems to have the lowest cost and maintaince fees.


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