ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Dexter770221]

AMHash1 IPO is 18% filled ....

I see ~3.7% (186650/5000000)

[hdbuck]

IPO is going down for the same reason every asset in bitcoinland is going down.. which is because bitcoin itself is crawling. no more momentum, enthusiasm or confidence caused by the previous bubble.

[cs54]

AMHash1 IPO is 18% filled ....

I see ~3.7% (186650/5000000)

Hmm I'm seeing on Havelock 812,969 remaining out of 1,000,000 units.  Perhaps they are only offering the first tranche atm?

[mrlupin]

Has AMHash been advertised on Reddit and Zapchain?

Seems like the people with money are hanging out there rather than here these days... (please don't take it the wrong way... there was a thread on Zapchain about bitcointalk and a lot of the folks there said they had stopped coming because of the lack of community management / trolls / scams going on here)

[Blazed]

IPO is going down for the same reason every asset in bitcoinland is going down.. which is because bitcoin itself is crawling. no more momentum, enthusiasm or confidence caused by the previous bubble.

Not true...look at Etherum it sold a bunch in hours. This is not selling because everyone has finally learned that buying mining contracts/securities always looses you money. If you invest 50BTC into this your chances of getting those 50BTC back are slim to none...

Anyways I will stop posting about it...not trying to thread crap here or anything.

[nycgoat]

People are also apprehensive about holding anything on Havelock because of the regulatory uncertainty.

[glendall]

True, after having btc stolen in Jon Montrolls bitfunder robbery and coming to realize that at least half of exchanges seem to run off deposits (or legitametly get hacked) I've apprehensive to invest in anything. Havelock is after all the one of 4 exchanges left selling am shares.

Re AM1hashing fund, I think there is still lots of trust for AM but its more that most btc world investors see cloud mining with a slim chance of returns in mining these days. You know that the price can only go down after purchase, its not like a stock, so its not an encouraging investment.

Personally speaking I think the price needs to be lower before buying any. The price is about par for the mining hardware, so for myself personally who had always got a roi in asicr mining only after mining a few months than selling the used hardware, and only ever losing btci the cloud mining I've done, its a tough sell.

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

[cs54]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

[havelock]

In the case with AMHash1 the BTC invested are transferred to Rockminer the manager of the funds.

They will control those funds.

So as you purchase those units on Havelock that are a part of the AMHash1 Fund  they will be in control of the Fund managers Rockminer which works with Friedcat.

The only BTC we hold online  and for a brief time is the amount to pay the dividends with.

All other BTC are offline or with the Fund Managers.

Havelock Investments

[xhomerx10]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

 You people are looking at this way too deeply.  You get a miner without paying the shipping AND you run 1 TH for a buck sixty three per day without the need of buying a power supply!  The div per share is the same as the theoretical reward you would make from a 1 GH miner per second.  Really this is like a gift from AM
  

[DebitMe]

Can Rockminer or Friedcat comment on what happens to the remaining hashrate that doesn't sell during the IPO?  Will it be used as self mining or reissued at a lower price?

[hdbuck]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

 You people are looking at this way too deeply.  You get a miner without paying the shipping AND you run 1 TH for a buck sixty three per day without the need of buying a power supply!  The div per share is the same as the theoretical reward you would make from a 1 GH miner per second.  Really this is like a gift from AM
   

+1

[Whtwabbit]

Can Rockminer or Friedcat comment on what happens to the remaining hashrate that doesn't sell during the IPO?  Will it be used as self mining or reissued at a lower price?

Somehow I don't think you will be receiving an answer on that one, I would hazard a guess that its all self mining until sold or reduced in price as the hash rate goes up

[stompysteve]

Can Rockminer or Friedcat comment on what happens to the remaining hashrate that doesn't sell during the IPO?  Will it be used as self mining or reissued at a lower price?

Somehow I don't think you will be receiving an answer on that one, I would hazard a guess that its all self mining until sold or reduced in price as the hash rate goes up

im sure they are self mining with it right now until the ipo starts, they said its already been tested
why wouldnt they be mining

[rockxie]

Can Rockminer or Friedcat comment on what happens to the remaining hashrate that doesn't sell during the IPO?  Will it be used as self mining or reissued at a lower price?

If we can't sell out all of 5P,there are several ways to deal with the remaining hashrates :

1 Sell to big customers directly,some of customers who want to buy lots of hashrates are contacting with us.

2 Sell them with another IPO at HaveLock,such as AMHash2...

3 Sell them at our own website,like other cloud mining companies did.

4 Be always self mining.

[Mabsark]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

And how would that be good for AM? AM only earn money from the initial purchase. Havelock are the ones who profit from the trading.

[Puppet]

How much does AM profit from this deal anyway? For every GH sold on havelock, how much does AM get ?

[ThunderSheep]

How much does AM profit from this deal anyway? For every GH sold on havelock, how much does AM get ?

I don't have the answer you seek, but for clarity, are you asking what the split between RM and AM is?

[Dexter770221]

How much does AM profit from this deal anyway? For every GH sold on havelock, how much does AM get ?

I'm understandig this AMHash thing that way:
AM is selling tubes/prismas in bulk with a little lower price than 1.0BTC/TH to RM. With delayed payment agreement.
RM is building a farm (adding PSU, infrastructure etc.) and selling shares of that farm (1.25BTC/TH). When IPO will close RM will pay for hardware to AM. If not all shares will be sold RM will mine for AM, taking maintenance fee (or AM will be the owner of shares). Deducted from previous answers of rockxie.

[DebitMe]

Can Rockminer or Friedcat comment on what happens to the remaining hashrate that doesn't sell during the IPO?  Will it be used as self mining or reissued at a lower price?

If we can't sell out all of 5P,there are several ways to deal with the remaining hashrates :

1 Sell to big customers directly,some of customers who want to buy lots of hashrates are contacting with us.

2 Sell them with another IPO at HaveLock,such as AMHash2...

3 Sell them at our own website,like other cloud mining companies did.

4 Be always self mining.

I appreciate the reply Rockxie, that answers some questions, but I guess I was getting at what a few other people mentioned afterwards, namely, who currently owns the units?  Were they sold to Rockminer by AM?  Or are they just being franchised by RM, in which case, are normal franchising fees being paid on these units?  Is there some other arrangement besides the aforementioned?