friedcat

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DonatorLegendaryActivity: 848Merit: 1001 AMHash1: Cost-Effective Mining Contract October 24, 2014, 04:20:32 PM #1

In this contract, the hashrate is provided by ASICMiner, the management is provided by

RockMiner, and the platform is provided by HavelockInvestments.

For updates please view

http://www.amhash.com/

The purchasing site is

https://www.havelockinvestments.com/order.php?symbol=AMHASH1

The forum contact ID is amhash. The email contact is

Introduction

AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total.

The Fund is divided into 5 million (5,000,000) s each of which represents 1Gigahash per second.

The price of each unit is 1.25 mBTC (0.00125 BTC).

The contract starts at 18:00:00 in November 4, 2014(Beijing Time, GMT+8).

The time is based on forum time.

Duration for the IPO:

IPO Starting Time: 18:00:00, October 24, 2014(Beijing Time, GMT+8)

IPO Closing Time: 18:00:00, November 4, 2014(Beijing Time, GMT+8)

Advantages

1. Higher ROI; low cost on both initial price and maintenance fee.

2. Flexible trading; the contract is fully tradable at the secondary market through Havelock Investments trading platform allowing you to exit your position at any time.

3. Guaranteed profit; Compared to others, AMHash1 Fund will pay you dividends based on hashrate equivalent calculation protecting your earnings and shielding you from hardware maintenance cost and risk.

5. It simplifies the ROI estimations by eliminating the factors involved in constructing a mining farm, such as infrastructure cost, shipping time, repairing, electricity bill and labor.

6. 100% real hasharate; The live photos of mining farm and hashrate monitor platform will be provided and fully disclosed.

Payout calculation

Payouts are done daily.

The payout rate before fee substraction is 25 / (difficulty * 4.295) BTC per unit per second.

The fee is 1.89*10^(-8) USD per unit per second. It will be substracted from the pre-fee payout rate. The exchange rate is based on bitstamp 24h average.

The total seconds of each payout is:

1. in the first payout, 3,600 * 24.

2. During normal payouts, the number of seconds during the most recent payout to this payout.

If there is a difficulty change between two payouts, the due payout will be calculated based on two different difficulties and their corresponding time intervals.

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.

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.

3. If the delay of payment happens, all unpaid payments will be accounted separately on daily basis and increase by 0.02% per day(flat rate based on the initial unpaid payment amount, no compound rate) after three days.

AMHash1 is the first of a series of mining contracts.In this contract, the hashrate is provided by ASICMiner, the management is provided byRockMiner, and the platform is provided by HavelockInvestments.For updates please viewThe purchasing site isThe forum contact ID is amhash. The email contact is fund@amhash.com AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total.The Fund is divided into 5 million (5,000,000) s each of which represents 1Gigahash per second.The price of each unit is 1.25 mBTC (0.00125 BTC).The contract starts at 18:00:00 in November 4, 2014(Beijing Time, GMT+8).The time is based on forum time.Duration for the IPO:IPO Starting Time: 18:00:00, October 24, 2014(Beijing Time, GMT+8)IPO Closing Time: 18:00:00, November 4, 2014(Beijing Time, GMT+8)1. Higher ROI; low cost on both initial price and maintenance fee.2. Flexible trading; the contract is fully tradable at the secondary market through Havelock Investments trading platform allowing you to exit your position at any time.3. Guaranteed profit; Compared to others, AMHash1 Fund will pay you dividends based on hashrate equivalent calculation protecting your earnings and shielding you from hardware maintenance cost and risk.5. It simplifies the ROI estimations by eliminating the factors involved in constructing a mining farm, such as infrastructure cost, shipping time, repairing, electricity bill and labor.6. 100% real hasharate; The live photos of mining farm and hashrate monitor platform will be provided and fully disclosed.Payouts are done daily.The payout rate before fee substraction is 25 / (difficulty * 4.295) BTC per unit per second.The fee is 1.89*10^(-8) USD per unit per second. It will be substracted from the pre-fee payout rate. The exchange rate is based on bitstamp 24h average.The total seconds of each payout is:1. in the first payout, 3,600 * 24.2. During normal payouts, the number of seconds during the most recent payout to this payout.If there is a difficulty change between two payouts, the due payout will be calculated based on two different difficulties and their corresponding time intervals.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.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.3. If the delay of payment happens, all unpaid payments will be accounted separately on daily basis and increase by 0.02% per day(flat rate based on the initial unpaid payment amount, no compound rate) after three days. The ASICMINER Project

https://bitcointalk.org/index.php?topic=99497.0

Elvis Trout

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MemberActivity: 116Merit: 10 Re: AMHash1: Cost-Effective Mining Contract October 24, 2014, 05:25:48 PM #5

If the mining rigs were profitable they wouldn't be selling them to you, it's not a charity. Best of luck! As someone who has been burned by mining projects in the past, just want to warn people you will most likely lose money on thisIf the mining rigs were profitable they wouldn't be selling them to you, it's not a charity. Best of luck!

Germican

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MemberActivity: 82Merit: 10 Re: AMHash1: Cost-Effective Mining Contract October 24, 2014, 05:36:46 PM #8 Quote from: Elvis Trout on October 24, 2014, 05:25:48 PM

If the mining rigs were profitable they wouldn't be selling them to you, it's not a charity. Best of luck!

As someone who has been burned by mining projects in the past, just want to warn people you will most likely lose money on thisIf the mining rigs were profitable they wouldn't be selling them to you, it's not a charity. Best of luck!

Yes and no. It can be profitable for both as you provide capital upfront that they would have had to wait what ever the contract was to get. This allows faster growth or investment as well as a exact amount of capital for the mining all for the "fee" of the difference between what they raise and what they mine. The investors are taking on the risk of the possibility of not getting the full return however it's possible (and likely if done right) to make a fair profit. But they take on all risk from huge difficulty jumps, legislation making it less profitable, entire company issues such as poor management or hardware failures that they simply can't fix/replace.

All in all yes it's risky and I personally wouldn't invest in it but a reasonable model for the right investor. Yes and no. It can be profitable for both as you provide capital upfront that they would have had to wait what ever the contract was to get. This allows faster growth or investment as well as a exact amount of capital for the mining all for the "fee" of the difference between what they raise and what they mine. The investors are taking on the risk of the possibility of not getting the full return however it's possible (and likely if done right) to make a fair profit. But they take on all risk from huge difficulty jumps, legislation making it less profitable, entire company issues such as poor management or hardware failures that they simply can't fix/replace.All in all yes it's risky and I personally wouldn't invest in it but a reasonable model for the right investor.

Chris_Sabian

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LegendaryActivity: 896Merit: 1000 Re: AMHash1: Cost-Effective Mining Contract October 24, 2014, 09:17:10 PM #9 Quote from: friedcat on October 24, 2014, 04:20:32 PM 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.

3. If the delay of payment happens, all unpaid payments will be accounted separately on daily basis and increase by 0.02% per day(flat rate based on the initial unpaid payment amount, no compound rate) after three days.

This is very reasonable and fair. Hopefully it won't come to that. This is very reasonable and fair. Hopefully it won't come to that.

chairforce1

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Sr. MemberActivity: 317Merit: 250 Re: AMHash1: Cost-Effective Mining Contract October 24, 2014, 11:13:21 PM #14 Quote from: Korbman on October 24, 2014, 11:03:46 PM Quote from: mc_lovin on October 24, 2014, 09:30:04 PM Can I ask why ASICMINER doesn't just point all of the power at existing shareholders? Why launch ANOTHER company? What benefit does this have to actual ASICMINER shareholders?

As a long timer holder of AM1 and AM100 on Havelock, what benefit, specifically, would this new asset bring to us?

As a long timer holder of AM1 and AM100 on Havelock, what benefit, specifically, would this new asset bring to us?

I believe this is just an efficient way of selling hardware. AM can provide better mining conditions than others can. No shipping is needed, no worrying with sending units back and the mining process would be easier for the buyer.

AM is selling 5PH worth of mining equipment, just like friedcat wanted to, and it is being sold in bulk and immediately.

Who knows how it will turn out. I believe this is just an efficient way of selling hardware. AM can provide better mining conditions than others can. No shipping is needed, no worrying with sending units back and the mining process would be easier for the buyer.AM is selling 5PH worth of mining equipment, just like friedcat wanted to, and it is being sold in bulk and immediately.Who knows how it will turn out. Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru $