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    Author Topic: AMHash1: Cost-Effective Mining Contract  (Read 304709 times)

    • Dexter770221
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    October 28, 2014, 03:01:48 PM
    Last edit: October 28, 2014, 03:13:34 PM by Dexter770221
     #81
    Quote from: FastByte33 on October 28, 2014, 02:58:01 PM
    Hiya Hashing Guru!!

    I am thinking about switching over to AMHASH1 and did some manual calculation.
    Compared to competitor, AMHASH1 income lower but lower fee brings net income higher.

    Please correct me if i am wrong.

    Calculation based on 1THS at today's BTC/USD price.

    Today's difficulty: 35,985,640,265
    Seconds per day: 86400
    BTC/USD: $354.52

    AMHASH1
    Income: 0.013975~
    Fee: 0.004606~
    Net: 0.009369~

    Competitor
    Income: 0.015676~
    Fee: 0.008969~
    Net: 0.006707~

    Change: 0.002662~ (39.7% increase)



    Don't know about competitor but AMHASH1 calculations are correct.
    And now a little entertainment for brain. How much BTC need to cost to get zero divs? At current diff of course.
    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.

  • xhomerx10
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    October 28, 2014, 03:53:41 PM
     #82
    Quote from: NotLambchop on October 28, 2014, 01:04:39 PM
    How is it that anyone is still seriously considering anything offered by Havelock?

    Quote from: NotLambchop on October 26, 2014, 01:29:25 PM
    ...


    Good luck and...

       ~Happy Investing!
    You have to free your mind of prejudice and read the offering again.  This one is designed to have the shares approach zero as the BE200 ASICs reach the end of their useful life wrt maintenance costs.  It is not a standard IPO.

  • xhomerx10
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    October 29, 2014, 03:01:24 AM
     #83
    Quote from: Blazedout419 on October 28, 2014, 02:15:35 AM
    Quote from: xhomerx10 on October 28, 2014, 01:29:29 AM
    Quote from: newzhj on October 27, 2014, 11:57:50 PM
    I am Chinese user ，forum should request, the following text use Baidu translation:

    Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement?

    Doubts are as follows:

    In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice.
    This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean?


    Web site: http://www.cybtc.com/article-1443-1.html

     This is a good question.  I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise.  Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise.  Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)...  Anyway,  AMHash could then buy back the shares and regain control of their own operation.  I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders.  These are bargain basement prices for hashing power and maintenance fees.  I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders.

     

    lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit    Cheesy

     The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce.  If I get a spare moment I'll draw you a picture.

  • Blazed
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    October 29, 2014, 03:04:35 AM
     #84
    Quote from: xhomerx10 on October 29, 2014, 03:01:24 AM
    Quote from: Blazedout419 on October 28, 2014, 02:15:35 AM
    Quote from: xhomerx10 on October 28, 2014, 01:29:29 AM
    Quote from: newzhj on October 27, 2014, 11:57:50 PM
    I am Chinese user ，forum should request, the following text use Baidu translation:

    Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement?

    Doubts are as follows:

    In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice.
    This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean?


    Web site: http://www.cybtc.com/article-1443-1.html

     This is a good question.  I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise.  Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise.  Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)...  Anyway,  AMHash could then buy back the shares and regain control of their own operation.  I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders.  These are bargain basement prices for hashing power and maintenance fees.  I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders.

     

    lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit    Cheesy

     The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce.  If I get a spare moment I'll draw you a picture.


    I was trying to explain that to you after your dumb explanation of why AM might buy back the shares. You know because KNC or someone might buy some shares  Roll Eyes

  • xhomerx10
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    October 29, 2014, 03:16:59 AM
    Last edit: October 29, 2014, 03:36:52 AM by xhomerx10
     #85
    Quote from: Blazedout419 on October 29, 2014, 03:04:35 AM
    Quote from: xhomerx10 on October 29, 2014, 03:01:24 AM
    Quote from: Blazedout419 on October 28, 2014, 02:15:35 AM
    Quote from: xhomerx10 on October 28, 2014, 01:29:29 AM
    Quote from: newzhj on October 27, 2014, 11:57:50 PM
    I am Chinese user ，forum should request, the following text use Baidu translation:

    Glad to see also AMhash contract in the domestic forum, but most of the customers have doubts about compulsory repurchase, we want to know what is your starting point to make such a statement?

    Doubts are as follows:

    In the calculation of force began to take effect within 45 days of the company's right to roast the cat (the sale price - pay income) 120% buy back price of all stress, repurchase notification shall be 3 days in advance notice.
    This TM is too pit, if the money up, grilled cat repurchase is force; if the currency price, roast cat let user shall bear the losses, is that what you mean?


    Web site: http://www.cybtc.com/article-1443-1.html

     This is a good question.  I think this is a standard buy-back clause which would allow them to buy back the shares should the need arise.  Imagine that there might be an unscrupulous person in the Bitcoin world (I know this is hard to imagine... please play along) who would buy up all the shares and rebrand the operation in order to expand their own enterprise.  Maybe Sam Cole needs to add some inexpensive hashing power to one of his many Datorhalls, or maybe Sonny Vleisides and Josh Zerlan are looking to bring some innovation to BFL (lord knows they could use some inexpensive innovation right about now), or maybe Creativex aka Eric Corlew is looking to make a come-back with bASIC-mining so he can repay his shareholders (hey, we can dream)...  Anyway,  AMHash could then buy back the shares and regain control of their own operation.  I realize these are rather extreme examples but as you can see, it protects AMHash as well as the shareholders.  These are bargain basement prices for hashing power and maintenance fees.  I would not be surprised at all if someone would try to exploit this offering in such a way but I do not believe that the clause is there to take advantage of AMHash shareholders.

     

    lol what? The buyers will not have access to the hashing power...they just get divs from it. Never mind...just go buy a bunch of shares and profit    Cheesy

     The buyers don't need to show the actual hashing power, only the Bitcoins which it can produce.  If I get a spare moment I'll draw you a picture.


    I was trying to explain that to you after your dumb explanation of why AM might buy back the shares. You know because KNC or someone might buy some shares  Roll Eyes
    Wow.  We are simply not communicating.  I'm referring to the unscrupulous buyers from my inane examples of when the buy-back clause might be used. 

  • ddalex
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    October 29, 2014, 09:29:43 AM
    Last edit: October 29, 2014, 05:13:36 PM by ddalex
     #86
    Quote from: Dexter770221 on October 28, 2014, 03:01:48 PM
    Quote from: FastByte33 on October 28, 2014, 02:58:01 PM
    Calculation based on 1THS at today's BTC/USD price.

    Today's difficulty: 35,985,640,265
    Seconds per day: 86400
    BTC/USD: $354.52

    AMHASH1: Income: 0.013975~ Fee: 0.004606~ Net: 0.009369~
    Competitor: Income: 0.015676~ Fee: 0.008969~ Net: 0.006707~
    Change: 0.002662~ (39.7% increase)
    Don't know about competitor but AMHASH1 calculations are correct.
    And now a little entertainment for brain. How much BTC need to cost to get zero divs? At current diff of course.
    Smiley If 1 BTC = 113 USD then Payout = 0 BTC Smiley

                   Market T  Price $  Price BTC Fees/Pay Fees $  Fees BTC   Payout BTC Perform/day
    ZenHashlet     Yes    MH 13,12    0,0364444 60,06%   0,08000 0,00022222 0,0003700  0,41%
    WaffletHashlet Yes    MH 9,17     0,0254722 60,06%   0,08000 0,00022222 0,0003700  0,58%
    HashletPrime   Yes    MH 36,75    0,1020833 41,42%   0,08000 0,00022222 0,0005365  0,31%
    LTCGear        Yes    MH 11,000   0,0311615 0,00%    0,00000 0,00000000 0,0003161  1,01%

    HL: AMHash1    Yes    GH 0,45     0,0012500 32,46%   0,00163 0,00000454 0,0000140  0,76%
    HL: B.MINE/5   Yes    GH 0,78     0,0021700 0,00%    0,00000 0,00000000 0,0000140  0,64%
    HashletGenezis Yes    GH 0,47     0,0013056 39,75%   0,00200 0,00000556 0,0000140  0,64%
    Hashnest       No     GH 0,41     0,0011250 63,21%   0,00318 0,00000883 0,0000140  0,46%
    PBMining       No     GH 0,49     0,0013636 0,00%    0,00000 0,00000000 0,0000140  1,02%
    Hashie         No     GH 0,445    0,0012606 40,54%   0,00200 0,00000567 0,0000140  0,66%

    1 BTC = 360 USD

  • FastByte33
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    October 29, 2014, 01:09:05 PM
     #87
    Quote from: ddalex on October 29, 2014, 09:29:43 AM
    Smiley If 1 BTC = 113 USD then Payout = 0 BTC Smiley

                      Price $  Price BTC Fees/Pay Fees $  Fees BTC   Payout BTC Perform/day
    ZenHashlet     MH 13,12    0,0364444 60,06%   0,08000 0,00022222 0,0003700  0,41%
    WaffletHashlet MH 9,17     0,0254722 60,06%   0,08000 0,00022222 0,0003700  0,58%
    HashletPrime   MH 36,75    0,1020833 41,42%   0,08000 0,00022222 0,0005365  0,31%
    HashletGenezis GH 0,47     0,0013056 39,75%   0,00200 0,00000556 0,0000140  0,64%
    Hashnest       GH 0,41     0,0011250 63,21%   0,00318 0,00000883 0,0000140  0,46%
    PBMining       GH 0,49     0,0013636 0,00%    0,00000 0,00000000 0,0000140  1,02%
                                                                          
    AMHash1        GH 0,45     0,0012500 32,46%   0,00163 0,00000454 0,0000140  0,76%
    B.MINE 5     GH 0,78     0,0021700 0,00%    0,00000 0,00000000 0,0000140  0,64%
    LTCGear        MH 11,000   0,0311615 0,00%    0,00000 0,00000000 0,0003161  1,01%
    Hashie         GH 0,445    0,0012606 40,54%   0,00200 0,00000567 0,0000140  0,66%

    1 BTC = 360 USD


    Awesome chart! where to get this chart?

  • ddalex
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    October 29, 2014, 03:57:12 PM
     #88
    Quote from: FastByte33 on October 29, 2014, 01:09:05 PM
    Awesome chart! where to get this chart?
    The chart was generated using information here:
    http://ltcgearstore.com?affiliates=20
    http://www.miningrigrentals.com?ref=4331
    https://www.havelockinvestments.com/
    https://cloud.zenminer.com/
    http://cex.io/r/0/ddname/0

  • Neo110
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    October 29, 2014, 06:28:34 PM
     #89
    The mining starts on October 31th but how long is the contract?Didnt find anything on the havelock site.Where can i enter my wallet details on the site?

  • xhomerx10
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    October 29, 2014, 06:38:02 PM
     #90
    Quote from: Neo110 on October 29, 2014, 06:28:34 PM
    The mining starts on October 31th but how long is the contract?Didnt find anything on the havelock site.Where can i enter my wallet details on the site?

     The contract ends when dividend=maintenance fee
    Which is dependent on bitcoin value.  It is finite but variable.  Here is the relevant section.

    If the calculated payout after fee substraction is less than or equal to zero, the contract will be suspended. If the number of subsequent days suspended reaches 10, the contract terminates.

  • ThunderSheep
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    October 29, 2014, 06:47:13 PM
     #91
    Quote from: Neo110 on October 29, 2014, 06:28:34 PM
    The mining starts on October 31th but how long is the contract?Didnt find anything on the havelock site.Where can i enter my wallet details on the site?

    You can enter your wallet address upon withdrawing your bitcoins.  There is a checkbox to remember the address but I can't recall if that locks in the address or merely remembers it for next time.

  • Neo110
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    October 29, 2014, 07:29:06 PM
     #92
    I see..maybe its the right option ,thanks.But there has to be a information on amhash sites how it all works after purchase of contract,for example where we get the daily payout, or is daily payout in usd instead of btc ? maybe we will get an email after october 31 th

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    October 29, 2014, 08:18:00 PM
     #93
    Quote from: Neo110 on October 29, 2014, 07:29:06 PM
    I see..maybe its the right option ,thanks.But there has to be a information on amhash sites how it all works after purchase of contract,for example where we get the daily payout, or is daily payout in usd instead of btc ? maybe we will get an email after october 31 th

    You appear to be right that the method of payment is not detailed, unless I missed it.  It is my assumption that the payouts would come in the form of "dividends" to your Havelock account which you could then withdraw to your own bitcoin wallet.

    Be sure to note that Havelock has a withdrawal fee of 0.001 bitcoins.

  • Neo110
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    October 29, 2014, 08:34:26 PM
     #94
    I think you are right,there are no other informations yet.AmHash is different because other cloudmining companys payout to your personal wallet,but the site of havelock looks userfriendly instead,we will see when the first payout arrives

  • xhomerx10
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    October 29, 2014, 08:42:49 PM
     #95
    Quote from: Neo110 on October 29, 2014, 08:34:26 PM
    I think you are right,there are no other informations yet.AmHash is different because other cloudmining companys payout to your personal wallet,but the site of havelock looks userfriendly instead,we will see when the first payout arrives
    All the information is there.  You'll be paid daily dividends based on a formula.  You have an account with Havelock and the dividends are paid to your account.  It's not a mystery.  The coins will stay in your account until you withdraw them.

  • sharky101
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    October 29, 2014, 09:40:07 PM
     #96
    Seems to me that friedcat/rockxie need to step up the PR on this.

    Call coindesk and present your 5PH offering as 'The lowest cost cloud hashing solution' they will definitely do an article on you.
    Post on reddit.com/r/bitcoin
    Build a decent website
    Tweet

    The day of selling miners/cloudhashing on a forum are over.
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  • Chris_Sabian
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    October 29, 2014, 10:55:56 PM
     #97
    Quote from: sharky101 on October 29, 2014, 09:40:07 PM
    Seems to me that friedcat/rockxie need to step up the PR on this.

    Call coindesk and present your 5PH offering as 'The lowest cost cloud hashing solution' they will definitely do an article on you.
    Post on reddit.com/r/bitcoin
    Build a decent website
    Tweet

    The day of selling miners/cloudhashing on a forum are over.


    Well said.  There needs to be a dedicated PR person marketing team to sell it.

  • funkymunky
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    October 30, 2014, 08:28:17 AM
     #98
    It seems quite naive that they don't believe this to be the case to be honest.

    Quote from: Chris_Sabian on October 29, 2014, 10:55:56 PM
    Quote from: sharky101 on October 29, 2014, 09:40:07 PM
    Seems to me that friedcat/rockxie need to step up the PR on this.

    Call coindesk and present your 5PH offering as 'The lowest cost cloud hashing solution' they will definitely do an article on you.
    Post on reddit.com/r/bitcoin
    Build a decent website
    Tweet

    The day of selling miners/cloudhashing on a forum are over.


    Well said.  There needs to be a dedicated PR person marketing team to sell it.

  • stompysteve
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    October 30, 2014, 04:00:49 PM
     #99
    Quote from: funkymunky on October 30, 2014, 08:28:17 AM
    It seems quite naive that they don't believe this to be the case to be honest.

    Quote from: Chris_Sabian on October 29, 2014, 10:55:56 PM
    Quote from: sharky101 on October 29, 2014, 09:40:07 PM
    Seems to me that friedcat/rockxie need to step up the PR on this.

    Call coindesk and present your 5PH offering as 'The lowest cost cloud hashing solution' they will definitely do an article on you.
    Post on reddit.com/r/bitcoin
    Build a decent website
    Tweet

    The day of selling miners/cloudhashing on a forum are over.


    Well said.  There needs to be a dedicated PR person marketing team to sell it.
    I feel like they could do advertising alot better, ex tell sig campaign members to have two adds one for the prisma one for amhash, ive seen it in someone profile....and they arent even getting paid

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    October 30, 2014, 10:13:36 PM
     #100
    Quote from: stompysteve on October 30, 2014, 04:00:49 PM
    I feel like they could do advertising alot better, ex tell sig campaign members to have two adds one for the prisma one for amhash, ive seen it in someone profile....and they arent even getting paid

    because seeing every other forum member with an advertisement in thier signature already wasn't at all annoying.

    I see around 5 links for the Prisma on almost every single page of every single thread lately - its extremely annoying and IMO should be banned by the forum moderators (not that they do anything)
    24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bt.irlbtc.com/view/563461
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