chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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December 16, 2014, 05:28:54 PM |
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Hi guys Can anyone help, I requested a transfer of my direct AM shares to havelock at the back end of October and still nothing in my Havelock account Anyone else had the same problem and what can I do to resolve it Many thanks Please submit again following the instructions @: https://www.havelockinvestments.com/fund.php?symbol=AM1Can you notify us when a batch of share transfers go through? I initiated a transfer following those instructions about two weeks ago... I'm not sure if I should just be hitting refresh on Havelock to find out, or whether there will be an email notice or what.
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stompysteve
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December 16, 2014, 06:07:28 PM |
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Hi guys Can anyone help, I requested a transfer of my direct AM shares to havelock at the back end of October and still nothing in my Havelock account Anyone else had the same problem and what can I do to resolve it Many thanks Please submit again following the instructions @: https://www.havelockinvestments.com/fund.php?symbol=AM1Can you notify us when a batch of share transfers go through? I initiated a transfer following those instructions about two weeks ago... I'm not sure if I should just be hitting refresh on Havelock to find out, or whether there will be an email notice or what. they should make it more transparent for people like a que or something....so you know if your transfer is pending or when it supposed to go thru
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trek27
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December 17, 2014, 11:40:46 AM |
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I want to share some thoughts on funding and the danger represented by Bitfury. First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it. Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting is the inability of Bitfury to fund itself internally. If history repeats (rhymes ) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must a) stay cost effective b) be innovative (gen4 success seems to be 'a must') c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt. If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us.
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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December 17, 2014, 01:00:54 PM |
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I want to share some thoughts on funding and the danger represented by Bitfury. First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it. Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting is the inability of Bitfury to fund itself internally. If history repeats (rhymes ) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must a) stay cost effective b) be innovative (gen4 success seems to be 'a must') c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt. If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us. I do not think Bitfury has to be externally funded, but it is a smart move for sure (why risk your own capital?). I also do not think Bitfury will bankrupt AM either, but they will make it a lot less profitable. Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion). I really doubt anyone investing will ever see great returns moving forward. The mining market is just not hugely profitable anymore for manufactures. The move to cloud mining was a good one for sure...seems they are finally selling a decent amount of AMHash these days. I think AM should stick to what they can handle -> Bulk chips and this could mining setup (avoid selling miners to end users completely).
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trek27
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December 17, 2014, 01:50:46 PM |
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I want to share some thoughts on funding and the danger represented by Bitfury.
...
I do not think Bitfury has to be externally funded, ... Yes, this could be true. I want to share some thoughts on funding and the danger represented by Bitfury. ...
... Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion)... Agree, especially if by highly we understand profitability of early 2013. Currently, in general, expecting high returns on mining investments is a pure, difficult to justify, gamble. AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.
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Dexter770221
Legendary
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Activity: 1029
Merit: 1000
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December 17, 2014, 02:01:52 PM |
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Regarding Bitfury: https://bitcointalk.org/index.php?topic=896350.0bit-x.com ?? GH55 - old gen 55nm miners
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Under development Modular UPGRADEABLE Miner (MUM). Looking for investors. Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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dogie
Legendary
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Activity: 1666
Merit: 1185
dogiecoin.com
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December 17, 2014, 03:15:36 PM |
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1227
Away on an extended break
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December 17, 2014, 04:08:36 PM |
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bigdude
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December 17, 2014, 11:09:29 PM |
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Onwards and Upwards
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stompysteve
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December 18, 2014, 03:06:06 AM |
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plus you have to pay for the electricity/hosting area once you have them
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Blazed
Casascius Addict
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Activity: 2128
Merit: 1119
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December 18, 2014, 05:36:19 AM |
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plus you have to pay for the electricity/hosting area once you have them Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.
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malaimult
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December 18, 2014, 05:41:26 AM |
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plus you have to pay for the electricity/hosting area once you have them It looks like 1 year of hosting is included in their price, and the price of electricity is locked. You will be able to sell the miners at any time which can and will greatly affect your potential ROI verses this in which you do not actually own the miners
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stompysteve
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December 18, 2014, 05:56:15 AM |
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plus you have to pay for the electricity/hosting area once you have them Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this. anyone want to do the math on what a GH would cost and the electricity rate on each
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webbrowser
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December 18, 2014, 03:29:28 PM |
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AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.
Not as harsh as for those who bought 12 months ago.
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webbrowser
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December 18, 2014, 03:38:11 PM |
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plus you have to pay for the electricity/hosting area once you have them Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this. With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics. Only 90 days parts/warranty is provided. What happens beyond that? Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine. With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours.
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jjdub7
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December 19, 2014, 12:24:17 AM |
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AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.
Not as harsh as for those who bought 12 months ago. A potential 100% downside is equally harsh to whatever principal you invest. I sincerely hope that friedcat and company succeed with gen4, I really do. Although friedcat seems to have changed significantly over the past year...he used to post updated excitedly on an almost daily basis. Granted, the company was booming then, but still...these days he talks about as much as an actual cat ever meows...either that or the company currently holds no BTC after orchestrating the price burn of the past months (and with all this secrecy for literally months on end now...have updated Q3 financials been released to the public yet...?)
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gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1010
Ad maiora!
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December 19, 2014, 04:09:16 AM |
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True. Whatever BF's offer or how it pans out for its investors...we will see. BUT for absolutely sure they will market it better than anything AM has attempted and probably have no problem selling it out fast.
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malaimult
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December 19, 2014, 04:23:00 AM |
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plus you have to pay for the electricity/hosting area once you have them Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this. With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics. Only 90 days parts/warranty is provided. What happens beyond that? Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine. With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours. The truck fee appears to discourage people from selling the miners piecemeal and will encourage whoever buys the lot of antminers to sell in bulk when they do eventually sell. There is also a greater chance that people will lose confidence in amhash, causing no resale market for shares then people not wanting to buy equipment of similar performance/efficiency when they would own the physical machines
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bitdude
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December 19, 2014, 06:10:52 AM |
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It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.
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