ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Mabsark]

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

With that type of logic, I can only assume you are totally ignorant. Seriously man, DataTank never belonged to AM so how could AM sell it? And how the hell does that same logic apply to AMHash? AMHash is simply a service offered by AM. From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

[NotLambchop]

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

[bobboooiie]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

[John (John K.)]

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.

Not to mention, they'd sell a shitton more product too.
Everyone's always in "figure out AM" mode.

I'm not down for mystery or puzzles anymore.
I need a moneymaker.

+1. Been a staunch AM holder almost since their inception, and I sincerely wish they're more open now that it's hurting shareholder interests (and their own). They seriously need to get a PR person like what they advertised for, and start releasing regular financial sheets.

[Blazed]

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

[bones]

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

You do not need to sell yourself miners, are you confused?

[Gws24]

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

That thread is cringeworthy! Horrible gear indeed and to top it of virtually no support from AM for buyers. Main support is provided by other users because AM can't seem to be bothered.

As I said earlier in this thread they really need to improve this aspect of their business or forget about selling to consumers ever again!

[romerun]

well, we can just wait for AM to be listed in wallst or china wallst, it's unavoidable, if bitcoin is to be as big as we hope for.

Coinbase, Blockchain.info, whatnot can go to wallst first, then bitcoin etf will follow. And hopefully miner companies like us can be there too.

[ajw7989]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

[Blazed]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

I bet it still does not make you a profit though 

[ujka]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees

I bet it still does not make you a profit though 

You are saying that amhash must make profit after 15 days?
If he is a small investor/speculator (<5000 shares on that thin havelock market) amhash made him a profit (ipo: 0.00125; paid divs so far: 0.00014467; selling above 0.00110533 still makes a profit)

[NotLambchop]

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

You do not need to sell yourself miners, are you confused?

Apparently.  Are AsicMiner and AMHash one and the same? 

[webbrowser]

No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

[Mabsark]

No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

What you just said is completely wrong. AMHash is a 5 Ph/s mine created by AM using AM hardware. AMHash is simply a service of AM just like the Prisma is a product of AM. The profit from selling AMHash units are not distributed as dividends to AMHash holders at all. That profit goes to AM. What gets distributed as dividends to AMHash holders is the proceeds form mining, just like someone who bought a miner would get BTC from mining. As for the units that don't sell, they mine for AM, because it's an AM service.

[benm]

No and maybe.

All theoretical profits of AMHash units sold at IPO are distributed as dividends. AM had better have received sales proceeds for the miners supporting the AMHash units sold at IPO.

As for the AMHash units that did not sell at IPO, there is no information as to the operational concept.

What you just said is completely wrong. AMHash is a 5 Ph/s mine created by AM using AM hardware. AMHash is simply a service of AM just like the Prisma is a product of AM. The profit from selling AMHash units are not distributed as dividends to AMHash holders at all. That profit goes to AM. What gets distributed as dividends to AMHash holders is the proceeds form mining, just like someone who bought a miner would get BTC from mining. As for the units that don't sell, they mine for AM, because it's an AM service.

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

[Mabsark]

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

You'll believe what? That AMHash is simply an ASICMiner service?

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner, the management is provided by
RockMiner, and the platform is provided by HavelockInvestments.
...
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

[Puppet]

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Id like to see the amhash ID  too. Supposedly they are mining on ghash.io, see the chart halfway on their homepage:
http://www.amhash.com/

Im assuming thats not a fake chart, but would like to verify.

That doesnt say much about the relationship with AM though. Its clear as mud as to who is taking the mining risk (and reaping the rewards).

[Chris_Sabian]

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

Id like to see the amhash ID  too. Supposedly they are mining on ghash.io, see the chart halfway on their homepage:
http://www.amhash.com/

Im assuming thats not a fake chart, but would like to verify.

That doesnt say much about the relationship with AM though. Its clear as mud as to who is taking the mining risk (and reaping the rewards).

From AMHash thread:

Update

1. We released our mining addresses days ago:

1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

2.We also made video proof of our account:

http://amhash.com/


We only supply true hashrate!!!

[Gws24]

From AMHash thread:

Update

1. We released our mining addresses days ago:

1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

2.We also made video proof of our account:

http://amhash.com/


We only supply true hashrate!!!

Interesting to see the btc received per day for those adresses:



So mining stopped around march/april and that correlates to the last div which was the 30th of march.


Also, just like FC stated mining had begun again in august:



the third address started mining in september:




EDIT: all 3 addresses combined recieved a total of ~7105 BTC since mining began again in august. (whether or not that is all from mining or also from franchise payments etc would require more analysis)

[NotLambchop]

I'll believe it when I see a published ASICMINER mining address, or an AMHash mining address, or any kind of proof of mining - assuming they are self mining.

You'll believe what? That AMHash is simply an ASICMiner service?

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner, the management is provided by
RockMiner, and the platform is provided by HavelockInvestments.
...
Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

So...  Where the divs at?