Post
Topic
Board Securities
Re: AMC Is Massively Increasing Its Hash Power To 3.504 TH/s
by
kslaughter
on 29/05/2013, 03:05:11 UTC
SPRINGFIELD, MO, – May 28, 2013 – VMC a manufacturer of the Fast-Hash Bitcoin Mining Machines is announcing today that they have ordered (Order: #10409) a full batch (10,000) of Avalon chips to build ~29 Fast-Hash-80's for AMC should AMC provide the capital in the next few weeks, this would bring AMC machine total to 39 units. The 39 machines will bring the cooperatives hash power to 3,504,000 MH/s, 3,504 GH/s, or 3.504 TH/s. At the current Difficulty of 12,153,411.71 this will bring the estimated total revenue as of this writing to a total of $19,280.28 per day and a yearly amount of $5,398,450.75. AMC is a hybrid mining and development cooperative and a business unit of VMC.

This is obviously a misleading statement.  It has no date on when the devices will be operational and the current difficulty is no where near where it will be when the devices get online.  Therefore, your revenues would be somewhere in like of ~$4-5k per day and ~$1m per year.  You realize linking the wikipedia.org article just proved my point.  Also, you didn't mention anything about the overinflated valuation of a company that hasn't delivered anything yet.  This company is not worth 8.5% of AsicMiner or even 1% of AsicMiner.

You are right about the current difficulty not being where it is today, it either is going to be higher or lower, that is why in the statement if you would notice we say at the current Difficulty.  I have to say, I think you are wrong about it being obviously misleading.  We also say the estimated total revenue.  You are right about it being over inflated valuation because investors see what value is to come.  Linking to the wikipedia.org article proves my point as all of our statement are 100% true and always will be.