Bitcoin Forum

Introduction:
ROCKMINER is committed to the miner design, produce, sale and mining operation of bitcoin and other crypto currencies. In early stage, we will purchase the third generation chips of ASICMINER to design and produce miners. In the follow-up stage, we plan to enter related industrial chain of crypto currencies. Rock Xie, the co-founder of ROCKMINER, is one of the earliest Bitcoin investors, well-known novel writer, the board member of ASICMINER, and the General Agent of ASICMINER in Asia-Pacific. In November 2013, the team of ROCKMINER is founded with members who have rich experiences in software and hardware R&D, production and sale.

Share Structure:
Total: 75,000 shares
Public Offering: 15,000 shares
IPO Price: 0.1BTC~0.15BTC/share （Favorable Price for the 1st week: 0.10BTC/share)

Dividend:
Initial dividend: depends on the chips delivery date of ASCMINER ,in May around.
Total Amount of Dividend: the profit after deducting the profits retained within ROCKMINER.
Time and Frequency for Dividend: Dividends will be paid out on Wednesday every two weeks.

Share Exchange:
After completion of the offering, shares can be exchanged after 15 days. ROCKMINER will develop independently or through cooperation with a third party trading platform on which shares can be exchanged freely.

Duration for the IPO:
IPO Starting Time: 12:00, March 26, 2014(Beijing Time, GMT+8)
IPO Closing Time: 12:00, April 4, 2014(Beijing Time, GMT+8)

If 15,000 shares are sold out before the deadline, the IPO will be brought to an early end. The IPO progress will be released and can be inquired via ROCKMINER official website (ROCKMINER.com). If less than 10,000 shares are obtained by the deadline, the IPO will be deemed as failure. The 100% purchasing amount will be returned to the investor’s wallet address.

Why ROCKMINER Raise funds via IPO?
1. To scale up production, reduce cost, and improve competitiveness;
2. To increase company brand awareness and influence in Bitcoin community;
3. To encourage Bitcoin experts and community thought leaders to be a board member for company decision, making reference and resources integration.

Why Purchase ROCKMINER Shares?
1. High Competitiveness of Chips. ROCKMINER will adopt the third generation chips of ASICMINER to design and produce Bitcoin miners. With the advantage of power consumption and cost, the chip is highly competitive in the market.

2. Credibility Guaranteed. Our co-founder Rock Xie, also one of the main executives and investors, has high reputation and credibility in Bitcoin industries in China and abroad. His professional competence and community influence provide actual endorsement for the IPO.

3. Technology Guaranteed. Our technical team members are Ph.D or Master with good education backgrounds in engineering. The team members have 10+ years’ rich experience in product development of electronics and large scale mining farms deployment. Our CEO Rock Xie is the Board member of ASICMINER, the previous General Agent of ASICMINER in Asia-Pacific and has very good cooperation with ASICMINER company, who will provide strong technical support for the production of ROCKMINER machines.

4. Sales Guaranteed. Our CEO Rock Xie has built wise marketing and selling network while he is the General Agent of ROCKMINER. The wide brand awareness and sales channel of ROCKMINER have already been built early this year. The estimated sales volume of this year will be 10P+.

5. High Profit Potential. Based on the advantages in chip, credibility, technology and sales, ROCKMINER will have high profit potential in 2014 and thereafter.

Share Purchase Restriction Policies and Preferential Policies?
1. Minimum amount per purchase: 100 shares

2. Standard Price: 0.15BTC/Share. Preferential Price will be provided in the first week of share raising. Preferential Price: 0.1BTC/Share. Purchase price will be restored to Standard Price from the second week of share raising.

3. The number of Board Members will be no more than five. The subscriber with the purchase amount of 2,000 and above 2,000 shares will be eligible for a Board member. If the amount of subscribers with the purchase amount of 2,000 and above 2,000 shares is more than five, the top five subscribers with the most purchase amount will be eligible for the Board Members.

4. The subscriber with the purchase amount of 500 and above 500 shares will be eligible for a Special Shareholder.If the Board Members are less than five,the rest Board Member seats will be supplemented by Special Shareholders who are recommended inside.

5. The official website (rockminer.com) is the only official designated platform for the public offerings. The purchase web link will be released recently on the official website.

Share Lock-up Period?
1. Before a public exchange platform is offered, the project shares can only be traded privately.

2. Public offered shares can only be exchanged after 15 days as from ending date of this fund raising.

3. Shares retained by the ROCKMINER shall not be offered to the public within 12 months as from ending date of this fund raising.

The Usage of Raised Funds?
The funds raised from the public offering will be used for the production and sales of machines, including procurement of chips and components (especially the components with insufficient inventory or long lead time).

necessary for production expansion, mining farm construction, marketing, and daily operation expenses of the company.

Special Note:
1.In consideration of the special nature of Bitcoin industry, we do not recommend any investors without fundamental knowledge or investment experience to participate in this investment.

2.To protect your interest, please read the introduction of buying process and safety statement on official website (rockminer.com).


 

wah now thats sounds awesome :D

7500BTC valuation of a mining company, at current BTC/USD ratio.

I am reluctant. Other opinions?

1.The valuation of our company is determined by the discount of our future revenue.
2.If IPO's done,we can produce 6000~10000 miners per year, one of them hashrate will reach 1TH/S.
3.We have done a good sale job of previous miners, power cost of our new miners are more competitive,market reflection will be fine.

So out of the 1,500 BTC raised how much are you contributing for your share of 60,000 shares? Just your time and knowledge? is that really worth 6,000 BTC (~$3.5 million dollars) for 12 months work? (as this is the amount of time your shares are on hold)

Seems like if I put in anything my shares become worth a hell of a lot less, ie once you reach the full sale of the IPO shares, each share is then only worth 0.02BTC, so without even doing anything my investment is worth 20% of what it started at.....

What are your targeted sales? and your targeted mining farm? you sat you expect to have 6P, will this be used in mining or selling, what are your estimated profits on selling? 1% 5% 10%?

Any answers would be great, unless you can post some solid profits and estimates, I for one will not be investing

Regards,
Red

1. Is there any document showing the profit/revenue calculation?
3. Again is there a document for the good sale job of previous miners?

Right on time Rockxie. I am interested in this offering and I'm planning to invest some BTCs into your operation. Therefore I have few questions for you, if you are not comfortable to answer them, doesn't matter, just write that you don't want to answer.

1. Can you provide your real identity to us?
2. Where is Rockminer located? In which jurisdiction registered? And location of manufacture?
3. How can you be so sure, that AM gen3 chips will meet expected performations, when they are not tested yet? Why not wait for official specs of gen3 chips and release IPO after that?
4. What is your backup plan, if AM gen3 will not meet expected performance?
5. Why you split ASICminer into 2 companies? What's the story behind this?
6. I read, that you are also interested in self mining, what is the expected size of Rockminer mining operation? Do you want to use immersion cooling or air cooling?
7. Do you plan to offer mining solutions for large industrial mining farms and custom datacenter solutions?
8. What about transparency of sales and shareholders audit? How do we know how many miners RM sell? The addresses for payments will be available to public?

Thanks Rockxie, that's all for now :-)

We surely contribute to our project a lot ,including investing funds ,finding high-tec engineers , doing  R&D ... We have also decorated the mining farms.Some good place,which means lower electrical cost and more stable electric power,such as Guangdong and Hunan province, have been selected to set our mining farms.

good

thanks for the details, watching.

Will there be a passthrough at Havelock for those of us who can't afford to spend at least 10-15 BTC on the minimum amount of 100 shares?

Rock Xie, do you have contingency plans if the Chinese gov't cracks down hard on the sale and proceeds of miners and bitcoin mining?

1. Can you provide your real identity to us?

    Yes,of course if you need.I'm not a fresh user,you know.

2. Where is Rockminer located? In which jurisdiction registered? And location of manufacture?

    We are in Shenzhen,China.

3. How can you be so sure, that AM gen3 chips will meet expected performations, when they are not tested yet? Why not wait for official specs of gen3 chips and release IPO after that?
  
   Time is money.

4. What is your backup plan, if AM gen3 will not meet expected performance?

   We can also purchase other chips such as AVALON OR A1 if need.

5. Why you split ASICminer into 2 companies? What's the story behind this?

    You may make a mistake.We are not ASICMINER,we are ROCKMINER ,a company which is going to purchase Gen3 chips of ASICMINER.

6. I read, that you are also interested in self mining, what is the expected size of Rockminer mining operation? Do you want to use immersion cooling or air cooling?

    Mainly are cooling,immersion cooling is too expensive.

7. Do you plan to offer mining solutions for large industrial mining farms and custom datacenter solutions?
 
   In our plan.

8. What about transparency of sales and shareholders audit? How do we know how many miners RM sell? The addresses for payments will be available to public?
    
   We regularly publish financial statements.

Yes,after IPOed.

No.
And if so ,change a country and keep going . ;)

I don't understand how you plan to hold the IPO. Will it be held on rockminer.com, or will it be held on the forums? Also, will you be associating shares with BTC addresses, using the same sort of method as Asicminer?

I'm thinking about doing a passthrough/groupbuy for the IPO, since there is no one offering anything like this right now and not everyone can afford 10 BTC. We'd chip in and buy the shares together (if this is OK with rockxie). I'd then transfer the shares as soon as possible to your address after trading is enabled or keep on passing the dividends through to you. Please send a PM stating how many shares you'd be interested in obtaining so I can see whether this makes sense or isn't worth pursuing at all. :)

rockxie: 1. Will we be able to transfer shares to Havelock afterwards? 2. Why aren't you doing the IPO on Havelock? Thank you!

We plan to issue the IPO with paying bitcoins to the IPO address directly,we collecting payment BTC addresses for dividend addresses.Yes, the same as ASICMINER. So if you are interested, you should send bitcoins from a wallet which you have private keys.

The IPO address will release later.

Ok. If someone pays the IPO address 10 BTC from 5 different addresses, they will need to hold onto those 5 addresses forever in order to keep their shares?

Sorry, PT just can be allowed after IPO completed.
Havelock is a good platform,but there are some fees,and we think that every penny should be used in the right place.

I would like to buy shares but not 10 BTC worth...
How would this mining operation do better then what ASICMINER is doing, if the chips are coming straight from them and they are already in the mining business as well?

Just one of them.We will release a address list after IPO completed.

No need to be better. :)

they are not trying to compete against Asicminer in anyway, they are working alongside them.

Can shareholders buy a miner at a discounted price?  Say 1 miner buying from Rockminer for every 100 shares owned at a lower price than market?  This would be an added benefit for shareholders?

Thank you for the interesting IPO, I'm considering buying.  Does the IPO start at 12:00 midnight or 12:00 noon Beijing time on the 26th? 

Another couple of questions: Why are there rockminer.com (http://rockminer.com) and rock-miner.com (http://rock-miner.com)? Those domains are also registered to different registrars, why?
Can we receive some sort of confirmation from friedcat/AM that Rockminer is indeed pursuing these plans and working with AM / a customer of them? Or please sign a message stating this operation with you AM dividend address.

Thanks, one more thing. Some math here :

We're talking about 75 000 shares, (60 000 private and 15 000 public).

... so RM should have 7500 BTCs in IPO address after sold-out IPO. 6000 from private investors and 1500 from us. One great feature of the blockchain is that is an ultimate public ledger. So the question is, can you provide the proof, that you raised 6000 BTC in private round? I just don't want to see, that you're giving shares for free to you or your friends. Shareholders are equal, right? After that we can control flow of money in company, how much will go for chips orders, how many for other expenses etc, very transparent way, thanks to blockchain.

Are the non-public shares being subscribed to with cash or just being given to founders for free?

If they are being subscribed to - why do you need the smaller money from the public shares?

If they are being given free to founders - why would anyone pay their money to be invested in a farm that only receives 15,000/75,000 ie 20% of any profits?

Sorry,no this plan.shareholders are benefited by dividend.




12:00 noon Beijing time



Both of them are ours.We use rock-miner.com before,and bought rockminer.com days ago for international brand consideration. We will redirect rock-miner.com to rockminer.com

My dividend address of AM:
1Mt8jZ4Ag3gEmufaEYcSQbs7Z79YYTGskq

msg:
Rockxie's AM dividend address.Sign for ROCKMINER IPO.

signature:
H4jMkKaEk2fwcAb3XKq0cN8FsDW5qhNVELFEx0d3rwtgCWDJxUMfL14yPa7zNvTWKqNn8DCRtZOE3EI xfUq6jTU=

Thank you! It verifies and the address does, indeed, seem legit!

This should be done.

If we purchase IPO shares, then we are using real BTCs to invest in the company. If rockxie yourself or your partners are giving shares to your own, we should know how many shares are you valuing your work/time/energy/etc. Without this information I would still be reluctant. As there has already been so many IPO happened during past year, indeed we need more transparency.

Yeah, I mean ... I don't care if you guys took some shares(reasonable amount) for your idea, work, assembly line, rent of building, R&D, materials, just give us the numbers. And how many BTC left from private round(with proof).

Also, as I have asked in AM's thread, rockxie, as a board member of AM, will pay how much money to buy chips from AM? If you pay too much, of course you would not have a large margin here. But, if you pay too little, how AM's shareholders' benefits be protected?

To be honest, I don't think a single chip supplier and single miner producer working together would be mutual beneficial. It will be hard to handle all these issues. Maybe in the future, those who only invested in AM and those who only invested in RM, will start fighting each other in these two threads......

It seems that Rockxie is essentially saying that they're open to allowing a RM passthrough, but not necessarily handling one themselves. I've contacted Havelock to see if they'd be interested in hosting it. I figure that it would be do-able, depending on the demand.

Hope that I'm not stepping on your toes here, minerpumpkin-

EDIT: Looks like there is something in the works with RM already-

I'm sure many others are thinking of the same thing here but it's fairly certain that if there is a PT, it would be run by Havelock themselves. They now have the capital to maintain one and anyone who's interested in doing so will have to offer a very tempting incentive that would have them think otherwise.

I'd be interested in getting in at IPO price for just a few shares though, if there's any PT/group buy that's gonna happen in time.

If I pay you 10 BTC for 100 shares, can I have them divided slightly? 

45 shares - 1 address
45 shares - 1 address
10 shares - 1 address

and so on?  no smaller division than that.

Well the thing is, yes it seems there will be a passthrough on Havelock, whether it is run by Havelock or RM. What I was thinking is:
I was thinking on basically doing a groupbuy for the IPO. Everyone chips in their desired amount, and if it's enough (>= 100) I'll try and buy the respective shares at IPO price tomorrow. As soon as a public trading or share transfer is possible, I'll transfer them as the respective participants desire. If there are divs in the meantime, I'll forward them accordingly. If I don't succeed in buying the shares, everyone gets all of their respective BTC back.
Like 'Bonam' says: This is a question of time, the IPO's tomorrow night. Some people already sent a PM and declared their interest, but we'd need some more. So, feel free to sent a PM if you're interested and I'll get back to you when I know whether we can proceed.

@twentyseventy: Not stepping on anyone's toes ;) Don't worry!

Rockxie,

Will there be a guaranteed return on IPO prior to owner shares being paid a dividend like AM did for their IPO?

In other words, will the owner shares be receiving dividends on day 1, or will only IPO shareholders receive dividends until .15 is paid out.

Maybe should start a group buy thread to facilitate organization. Also, using escrow?

I was reluctant to start a new thread until I could probe the potential interest in doing such an IPO-GB. Currently chances are about 50/50 we find enough people so I just stayed in this thread.
Escrow: Well, yeah I'd do that immediately, if it wasn't so incredibly unfeasible in this case. Since no one knows the exact procedure tomorrow, we have to assume, we'll have to have our BTC ready to go in a single address when the IPO starts. Apart from that I'd be ready to provide information on my person to some trusted member of the forum. The official EU reseller of ASICminer (yxt), for example, already has my address since I bought AM hardware from him :P But the usual suspects are fine with me...

Is it still illegal for Chinese companies to ask for public funding? Just curious.

https://bitcointalk.org/index.php?topic=263327.msg3002831#msg3002831

Observation post
Interested in the IPO but need to do a bit more research that said best of luck with your launching

where will this operation be in 6 months, 1 year, 5 years? I mean, is the only purpose of this IPO to buy and assemble some (yet untested) gen 3 asicminer chips (and retain 80% of profit) or will it go on afterwards? how?

Okay, I received some more PMs of people interested in an IPO-GB, so I think I'll go ahead and create an official thread with the terms. Does this go into the Securities section, as well?
I've outlined in my previous post, why escrow will be difficult in this case. I do promise not to scam you and only use the BTC as agreed, and do a total refund if unsuccessful. Anyways, this is bitcoin world and therefore some promises tend to be worth nothing. Not in this case, I swear, but still: What do you guys need as an assurance? Some trusted member knowing my personal details, releasing them in case this goes wrong? SilentSonicBoom and/or yxt (official AM resellers) confirming they know my name and address? We don't have a lot of money to pay for someone or even do an escrow - since I don't plan on charging you anything for this. Suggestions?

So some calculations on this IPO.

The OP's post #4 claims 6000-10000 1 TH miners produced within 1 year. Taking the lower estimate of 6000 TH produced in one year, let's do some math:

Given current difficulty rates are approximately doubling every month, and assuming hardware is produced on a continual basis (say, 500 TH / month to get to the 6000 TH in one year), then the BTC mined by the hardware will be:
2600 BTC for that sold in 1st month
1300 BTC for that sold in 2nd month
650 BTC for that sold in 3rd month, etc

For a total of 5200 mineable BTC.

To determine the amount of money payable to shareholders as dividends, one must subtract the costs of the chips and any other expenses. Let's assume that friedcat charges them $0.50 per GH as he mentioned in his chip thread here:

https://bitcointalk.org/index.php?topic=438359.msg4816701#msg4816701

For 6000 TH, that's 3 M USD, or about 5000 BTC at current prices (~$600). Even assuming there are no other costs (obviously not true), that leaves only 200 BTC in profit, split among 75000 shares, or about 0.0027 BTC/share.

Even if friedcat offered the chips to RM for half the price he promised (and thus hurting his own investors), $0.25 per GH, that means 2500 BTC in chip costs. Again, assuming no other costs, that leaves 2700 BTC in profit divided among 75000 shares, which is 0.036 BTC/share.

In reality, costs other than chips are likely to be large, likely more than the chips themselves given the realities of every other industry I've ever heard about. The PCBs, miner boxes, employees, space, overhead, etc, all cost plenty of money, reducing any above mentioned profit further, or in fact even resulting in a loss.

This seems like not a very good deal for investors, unless one assumes they are buying into just the start of a business which will then grow far beyond its original plans (but this is not claimed/stated in the OP). Unless RM builds a lot more miners than projected, or plans to sell them to customers for far more than they'll ever mine, or difficulty growth slows substantially, 0.1 BTC per share seems like a lot.

Thoughts? Any mistakes in the above? I did this pretty quick so could be wrong on the numbers somewhere.

You are asking for around 2k BTC (or ~$1million) to investors and you will retain 80% of all profits, so you consider what you are bringing into the deal worth around $4million, can you precise what is worth that much that you are bringing to the table ? Will you and the other private holders work for free for a year, did you bring money to the table... ?

Also everybody is (rightfully) asking for your business plan, expected income, expenses ...

Great questions, me, redmetal, ex-trader, coldguy, spinoff were asking something very similar. But Rockxie went offline, so maybe we'll get answer tomorrow before IPO, or not. This piece of information is very crucial before any investment into RM.

@Bonam : Beautiful calculations, I did something similar myself. I will add one more thing :

1500 BTC from this offering = ~1.68PH of AM gen3 chips ... the manufacturing target is 6-10PH year, so RM need to do only 4-6 cycles (3-2months for cycle... its possible). So what exactly are we crowd funding here? Why they need our BTCs? For 1st order of batch 1 AM gen3 chips?

@Adrian-x : Thanks :)

is there a maximum buy?

i.e. is it possible for someone with 1500 BTC to buy the whole lot? I can imagine a larger holder or 2 may just snap up the shares... is it a first come first serve basis?

I am interest in...keep monitoring...

IPO is not a easy thing. Everything is based on trust,sorry for my pool english and sorry for not replying every question.

We have started a Pre-IPO for large users.

something wrong maybe?

We want to sell shares to more than one,but don't want too many shareholders at the first.

6000 60000 private shares are all belong to co-founders of ROCKMINER.
We are going to be a transparent company of course, but may not be 100% .


edit:made a mistake. 6k should be 60k.

This IPO is intended to improve ROCKMINER's influence in community and find the right parter oversea, money is secondary, and this is the reason we only raise 1500BTC. All shares with the same rights.

feels like you are rushing, how many shares will be left in ipo day for public?

What value is brought to the company by this 60k private shares?
What exactly do they represent

EDIT: I would be pleased to be your partner in Europe. (If conditions are right)

So the other 54000 private shares were sold to Pre-IPO investors?

What are your plans for the end of the year when AM Gen3 chip's and your assembled miner's profit margin starts to taper off?

Is there Dividend protection for IPO investors?

1 Pre-investment
2 Clear profit model and short return period .
3 hard work of 8 people team from end of 2013.
4 1P hashrate chips of ASICMINER preOrder for the first batch to start up.
5 others.


Thanks for your concern. We are looking for partner oversea and some have already contacted.

Rockxie,

Could you please respond to this question?

Thank you.

but you said time is money :)

i would like to know the answer for question above

goatmining.com IPO incoming?

why nobody comment on rockxie avatar,

looks like a burnt cat, over fried by AM immense hash power expectation? hehe :)

i would like to see new avatar resembling rockminer

didn't he invested in his ability/energy/work done, etc? isn't the 80% for re-invesment?

i made mistake :P i assumed 80% you referred, is the re-investment plan, but its the 60k (80%) shares, right?

i have no clue if he will holding majority of that shares, if you mean that

edit: and maybe some of that into re-investment :) , i don't see re-investment plan in OP, maybe i miss? some one point me please

Sorry,made a mistake.6k should be 60k.

We have long term plan. Produce miners of GEN3 ASCIMINER  is our shortly target.We will adjust our plan according situation of market.
Things change faster than you can imagine.

so pre-ipo will eat up some of the 15k shares,  and the rest will go up on ipo day? correct?

YES.
We have more than 10K purchase intent now.

Again:all shares with the same rights.

Forum disabled the changing features。。 :'(

Hi rockxie,

I understand your team need incentives to work on this project.

Would you be willing to disclose how many btc were raised by distributing the 60,000 shares?

I am sure many here would like some precise figures .

It is hard to make a judgement without the proper facts.

many thanks

He refused to answer this several times in last 24hours so the answer is they didn't bring any BTC or they bring a very few investment themselves to the table and they are just creating value out of thin air and taking 6000 BTC worth of shares for free, or almost free.

Goat got it :


I am bit disappointed that human like this is ASICminer boardmember and used to work for ASICminer in past, this RM seems to be the next scam in bitcoin mining world which aim is to raise BTCs from Bitcoin community for 1Ph of gen3 AM chips(risk free & interest free loan) and then start trying to assemble them and retain 80% of profits for their work. I'll pass too. :(

These kind of IPO are the most risky for investors.
You give sound money, you get "hope & words".

All shares has been bought in preIPO period.

IPO is completed.

Thanks for your concern.

Congrats.

Now someone put a PT on havelock.

Congrats.

IPO finished so fast..

I thought it will start tomorrow noon?...

??? Was the launch button even activated ?

Duration for the IPO:
IPO Starting Time: 12:00, March 26, 2014(Beijing Time, GMT+8)

Current At Time Of Post:
5:05 PM
Tuesday, March 25, 2014 (CST)
Time in Beijing, China

So can we still buy shares?

gosh did i missed it? ???

Sorry for this situation.We are making a meeting to solve this problem.Wait for more news.
Thanks.

100 shares for me.Reserved. thanks

i'd like 100shares too.

i was the first to post on this thread and thought the IPO was later on when i saw a countdown showing 2 days before IPO on the rockminer website but, like 6 hours later, IPO done?!  :-\

Rockxie, I must say, you don't inspire a whole lot of trust with how you're managing this. So the shares that were to go on IPO were actually on sale elsewhere? and please update the OP so people don't have to go through 5 pages for nothing

eh, though you said some will be left for ipo day.

100 shares would be good here too...





it appears he received a bunch of PMs and decided to start a pre ipo

well, he said time is money

edit: i think some one will make a PT double the price, like labcoin ipo they sold to first come, then trade started double of ipo , if i remember correct.

uh, thats quite not very professional.

Indeed. Careful everybody! I can only imagine the strange taste when/if there'll be additional shares.

Special Statement of ROCKMINER IPO
Dear all,
Thanks for your support and encourage to us, we feel very sorry about pre-IPO, which sold out all 15000 shares. We are going to provide another 5 percent to public, that is 3750 shares. We hope you continue to support us.

Statement
1.Those 3750 shares, which are voluntarily transferred by owner shareholders, are not increasing ones, our total shares are still 75000.
2.Those 3750 shares retain the same rights to profit or loss as other shares.

3.Buying regulations:
1) IPO Starting Time: 12:00, March 26, 2014(Beijing Time, GMT+8 / 4:00,March 26,2014 UTC), earlier purchasing behavior deemed invalid.
2) Each  address can only purchase once,only 50~100 shares are valid, those shares out of this range will make invalid purchasing;
3) All invalid payments and bitcoins received after 375 btc fulfilled , are going to refund to your payment address, please don’t buy shares again.

Other things：
1)IPO ADDRESS: https://blockchain.info/address/1CKFKWKnFqtT9B8WpvKkkskwAu2GwyxDNr
2)After the IPO, we’ll announce the list of addresses, if in doubt please do not hesitate to contact us.


Sincerely,
ROCKMINER Team

It looks like less than 10 people paid for the lot of shares... pretty crazy - some people have huge amount of shares while the 375btc auction, those people will have nothing compared to the pre-ipo investors.

This might not be a scam but could be worse than that, don't touch it at all.

Former team from ASICminer? Without Friedcat.

From where they got 6000+ BTC ? "Failed" gen2 ?  ::)

https://i.imgur.com/30Mz3eu.jpg

https://i.imgur.com/QmoJrJG.jpg

Time for popcorn?

I think it's because of lack of experience, and he's too rush.  It's not perfect , and it's still ok for me.

People are so crazy.

I do miss btct.co and burnside.

I would be pissed off if 2 weeks down the line they released 3750 of their shares for public offering, but they are doing this to expand the IPO slightly and they are doing it at the IPO prices, they are not dumping on a high(unless this is the high)

IPOs do get oversubscribed at times...

So... who's friedcat? :

none of them, that is the team rock xie put together if i remember correctly.

Are the funds raised in this IPO the only capital that this venture will have available to spend on purchasing miners (or materials for miners), or do the private shareholders intend to invest capital of their own, despite apparently not paying the IPO price for their shares?

EDIT: typo

yes, Friedcat is NOT in the picture.

where does it say that they are keeping the profit from the additional shares being offered to the public?

Thank God this isn't a Self-moderated thread!

Basically - ROCKIE: how much BTC has already been invested by the existing members/founders?


I doubt it is none, but I also have a feeling it is not 60,000 x 0.1 (which is ok as long as there is equivalent value elsewhere as already explained vagely)


thanks so much

What the fuck just happened.

indeed, things do happen fast in BTC world.

I'm willing to take a 5BTC punt on this just for a risky laugh, but it means selling investments I know more about and getting up way too early...

Just ignore these threads until friedcat says hi...

rockxie needs money:

https://bitcointalk.org/index.php?topic=156391.0

man, that post is from 2013, but you're right, he needs money also now

3500 IPO shares will sell through in 5 minutes.

Looks like the timer is wrong, says 12 hours left while in reality it's only 6 hours

IPO: 12:00, March 26, 2014(Beijing Time, GMT+8 / 4:00,March 26,2014 UTC)

I don't even see a countdown

My only fear that this umbrella company will ultimately lower AM divs and therefore devalue AM shares.

mention AM, IPO and 0.1 BTC all in the same context and it's a sure thing people are going to get excited...

unfortunately it seems the days of 0.1 turning itself into 4+BTC are over

this is rockxie, friedcat will sell to him of course.

Rockxie has been selling AM hardware since AM began hardware sales last year.

You can find a few of friedcats posts where he mentions rockxie as a verified reseller.

much fear.  :o ;D

I can't understand why people are thinking investing in this is a good idea.
The fact is that this company cannot succeed unless AM has already succeeded. Therefore by buying into this company instead of AM directly gives you two degrees for risk of failure. It would appear that the two companies being so related, with one depending on the other, my money would most obviously be placed on the company that the other depends on, who and has a proven track record and is already sitting on great profits if they were to succeed. I barely see any solid reasons in why this company is a better investment then AM. Where the fuck did these people even come from? Why are you people so eager to throw your money at them??

Why does everyone assume this is some random company that just now decided to make a few AM gen3 miners.

We are talking about a company with a proven track record of selling AM hardware asking for funds to ramp up production and start a solomining farm which is totally reasonable.

Fact is that both AM and rockxie have succeeded mutually in the past and there is no reason they cant do it again in the future.

Ofcourse it rockxie succeeds then AM will get a cut of the profits but that does not mean that rockxie cannot possibly earn more.

I am fairly excited about this Ipo. Can you please elaborate and explain what do we exactly own long term wise?. What ownership are we entitled for.

It doesn't "prove" anything just like how history does not prove the future but it still gives us a good idea.

Of course there will be FUD until they begin shipping hardware.

Special Statement of ROCKMINER IPO

Dear all,
Thanks for your support and encourage to us, we feel very sorry about pre-IPO, which sold out all 15000 shares. We are going to provide another 5 percent to public, that is 3750 shares. We hope you continue to support us.

Statement
1.Those 3750 shares, which are voluntarily transferred by owner shareholders, are not increasing ones, our total shares are still 75000.
2.Those 3750 shares retain the same rights to profit or loss as other shares.

3.Buying regulations:
1) IPO Starting Time: 12:00, March 26, 2014(Beijing Time, GMT+8 / 4:00,March 26,2014 UTC), earlier purchasing behavior deemed invalid.
2) Each  address can only purchase once,only 50~100 shares are valid, those shares out of this range will make invalid purchasing;
3) All invalid payments and bitcoins received after 375 btc fulfilled , are going to refund to your payment address, please don’t buy shares again.

Other things：
1)IPO ADDRESS: https://blockchain.info/address/1CKFKWKnFqtT9B8WpvKkkskwAu2GwyxDNr
2)After the IPO, we’ll announce the list of addresses, if in doubt please do not hesitate to contact us.

Sincerely,
ROCKMINER Team

Nobody is getting 60k shares free. Those are owned by rockxie & company.

And I don't think anyone can invest anyway since all 15k public  shares were bought pre-ipo apparently.

See above post

Rockxie owns the company he doesn't need to get them from anyone.

Did friedcat pay for his shares?

One could say rockxie earned his shares by running a (presumably) successful business selling AM hardware.

I won't argue that this is the best deal because I have no way of evaluating a fair price.

But for those willing to take a gamble it could be worth it.

For example we know that FC plans to move towards pure chip distribution so there will need to be some companies like rockminer building/selling asics.

If FC can really sell 1600PH worth of gen3 that would earn around 1 million bitcoins (assuming chips profit $0.5/gh) so that leaves a ton of room for a company like rockminer to earn 1.5k btc.

  ;D  50
  ;)   支持小强 ：b02d107593f8d6754526fbe43fade13c5a026af3f8ced564af6c6ef294ae6d45

That was interesting to watch.  The address had a hug flurry of activity right at IPO time.  Looks like it sold out in under a minute...

**EDIT** huge

End of IPO announcement

Dear all,

Thanks for your participation,statistical results will come soon.We'll make a public address list,and return the excess bitcoins as we said, thank you.

Sincerely,
ROCKMINER Team

woo, it is fast, i think i get the share...

edit: i think i dont get the shares, the transaction confirmed on 17second.. :'( :'( :'(

Of course this is completely unofficial, but here is a spreadsheet that shows probable share winners.

https://docs.google.com/spreadsheets/d/1YuV1ElpYHmSUMePN-uY04JK7-CB5wvaHy1DgCAaj_Do/edit?usp=sharing

3750 shares in 49 seconds.

I thought the minimum was 100 shares?

edit: its 50 minimum

That was changed for the last batch of 3750.  Any amount between 50 and 100 was allowed.

I'm sorry... I found an error.  One row had a 50btc transaction. Fixing now....

Nice work,thanks!

Correction. It appears that 3750 shares were actually sold in 13 seconds.

I apologize for the confusion at first, the spreadsheet wasn't sorted properly.  This 'should' be accurate.

Remember this is completely unofficial.

https://docs.google.com/spreadsheets/d/1YuV1ElpYHmSUMePN-uY04JK7-CB5wvaHy1DgCAaj_Do/edit?usp=sharing

oh...no.. :'(

IPO completed in 13 seconds must be a record

things just got interesting. the plot thickens.

Honestly that one might be worth calling Guinness over

I lost another chance seems.

Hi all,
   The fina data(first version) :

http://rockminer.com/IPODATA.htm

https://docs.google.com/spreadsheets/d/1kC8ShqMtRwDRNuI8SqSun9YqrLouEgNwFTmN336X2wI/edit?usp=sharing

   We will release a page of better UI next time ,thanks.

So reading over this.

does number 4 mean that the private shareholders actual purchased the preorder of the 1petahash worth of AM gen 3 ships?

Is so nice input!

Does this mean that the public funding was  more sought to secure future batches of chips while waiting for return from the first?

Some clarity on these would be great.

I fell asleep. It was like trying to stay up late enough to see Santa, except completely different.

I am in...let see how.. :)

Looks like chips are good! :)

From friedcat:

https://bitcointalk.org/index.php?topic=438359.msg5968082#msg5968082

Great news. I wish the first batch chip will come out in one month. ;D

We've received some sample chips.

http://ww1.sinaimg.cn/large/64034c9dgw1ef7xwt922gj20f00qogma.jpg

http://blog.rockminer.com/#!/2014/04/07/ASICMINER gen3 chips received (http://blog.rockminer.com/#!/2014/04/07/ASICMINER gen3 chips received)

They are beautiful

http://blog.rockminer.com/#!/2014/04/07/ASICMINER gen3 chips received
That looks unreal nice stuff :)

I wouldn't mind have a few hundred of those chips for myself...   ;D

+1

Was looking over the shareholder list and  noticed these amounts.


Any idea how that happened?  100 was the max post IPO purchase amount, and you had to buy 2000 shares to buy early.

Also, has there been any talk of a passthru on Havelock?

Hi,these shares are traded offline recently by shareholders.

We are talking with HAVELOCK, but the fees are too expensive I think.

What about using 2nd gen coin, like counterparty?
https://www.counterparty.co/

They just launched mainnet wallet yesterday:
https://www.counterwallet.co

You can easily register a new asset there.

How about you go ahead, collect shares and start a passthrough? Forcing anyone who holds direct shares to use XCP is not feasible.

It would be a good idea (I'm a long time XCP user and supporter), if there was not a possible conflict of interests (Spond).

Should I contact Havelock about the terms and conditions of running a Passthrough?
Do we want to keep everything in whole shares or rather fractional shares (1/100 maybe, like AM100?).

Would an external operator of a passthrough be OK for ROCKMINER?

Since there was only a small amount of public shares available during IPO, 1/100 PT may be a good idea.

I'll pick up a few

I will as well it doesn't hurt to diversify and I would trust rockxie to be at an advantage/invincible as well :P
Friedcat: Our advantage to manufacture chips at the cost price is invincible
Rockxie: Our ROCKMINER's ability to miner design, produce, sale and mining operation is invincible

Havelock said their policy is changed,and they only accept direct shares right now.
XCP is under developing,we will consider it if it really works well.
Thanks for your supporting.

We've got the PCBs for testing board.It will take about two days to weld them to testing boards.

http://blog.rockminer.com/#!/2014/04/09/Materials_and_pcbs_for_testing_demo_boards (http://blog.rockminer.com/#!/2014/04/09/Materials_and_pcbs_for_testing_demo_boards)

thanks for the update and good luck with the testing

I'm loving the frequent blog updates.  Thank you!

out of interest, the test farm, the revenue generated will be made public via mining address on pool api?

I doubt there'll be a lot of revenue. If they're doing things professionally, they'll also just stay on testnet

Please consider Mastercoin as an alternative to XCP, which appears to be alpha-quality software.

who mines on test net when you just build the most efficient miner on the market? set that baby to work ;)

Also a farm that requires extraction of that size will not be small potatoes

Total nonsense, Having tested both recently XCP is the clearly superior choice at this time. Mastercoin is not even at alpha stage in comparison.

Testing boards are arrived,one BE200 on each,but we found that there were something wrong with them,some of components bought from Huaqiang North market can't work normally.We are working hard on this,more info will be given out soon.


http://blog.rockminer.com/#!/2014/04/11/Rockminer_update_of_11_April (http://blog.rockminer.com/#!/2014/04/11/Rockminer_update_of_11_April)

http://ww2.sinaimg.cn/large/64034c9dgw1efbpzuef6tj20go0gotd0.jpg

How many chips are supposed to go on one board? I can't figure out from the pictures.

> BTW,our testing room has been renovated.

If that's the testing room I can't wait to see the actual mining centre!

Should I contact Havelock about the terms and conditions of running a Passthrough?
Do we want to keep everything in whole shares or rather fractional shares (1/100 maybe, like AM100?).

Would an external operator of a passthrough be OK for ROCKMINER?
go head for the answers! thanks

They answered this question - disregarding Havelock because of high fees.

Counterparty is your best choice to issue your STOCK! Counterparty have a full functionality now.

You can pay dividend by both BTC and XCP, choose whatever you like to pay.

Moreover, you can issue your shares with nearly zero cost, because it just costs you 0.5 XCP to issue any asset.

Counterparty thread on Bitcointalk: https://bitcointalk.org/index.php?topic=395761.0
Counterparty official website: https://www.counterparty.co
Counterparty online wallet: https://counterwallet.co/
Counterpartyd(Command line client): https://github.com/PhantomPhreak/counterpartyd
Counterparty GUI client BoottleXCP: https://github.com/JahPowerBit/BoottleXCP

hope everything go well for the miner.

What do they mean that something is wrong with the chips? Is this AMs chips??

the PCB components ,not the chips

We noticed that there is already an asset named of ROCKMINER at Counter Market (http://www.blockscan.com/assetinfo.aspx?q=ROCKMINER) when doing some testing,it is not issued by us,please be aware of it.

It seems that everyone can issue any name of assets in Counter Market.We worry that this would confuse shareholders if we issue shares through this way.

should make it clear or just buy the asset named of ROCKMINER if possible.

Of course anybody can register any asset name. This is the nature of a decentralized protocol.It was registered few hours after you mention you are considering XCP without reserving it, so somebody decide to take opportunity to squat. Seems it was brought by this user https://bitcointalk.org/index.php?action=profile;u=245197;sa=showPosts . maybe he will transfer ownership to you.

You would be free to register any other asset name you like, and as long as you mention it is the official address (you can make a signed message with the key, or post announcement) no users need to be confused.
users do not need to be confused about difference between AM1 and AM100 on havelock for instance.

I will be looking forward to buying shares of rockminer via counterparty distributed exchange in future.

http://blog.rockminer.com/#!/2014/04/13/Testing_Results_Of_BE200.md


Testing Results Of BE200

We've got the results of one good testing board,it seems not  good,but sill can be accepted.We will receive more chips at next weekend if things are going well .

Results:

Board:one chip testing board
Frequency:360Mhz
Volt:0.72V
Hashrate per chip:11.52Ghash
Power consumption:6.375W per chip
Power consumption per Ghash:6.375/11.52=0.5539W/Ghash
After power supply changeover:0.5539/81% = 0.684W/Ghash（at blade）
Power consumption on wall:0.684/0.8 = 0.855W/G
Adding other components loss about 1KW/Thash
Tips:this result is not very accurate just for reference.

good to see that, waiting for the result of final testing.

What do you mean with "it seems not good"?

I mean it's not as good as we are expecting.

For those wondering comparisons with the competition:

Note: "Efficiency" is comparing the the ROCKMiner test blade with all other hardware. Data was obtained from The Genesis Block. ROCKMiner blade is only after very few, unoptimized tests. It is subject to change.

EDIT: Here are the updated numbers, please let me know of any more issues. Sorry for the confusion all.

EDIT2: I've taken down the chart. I'll repost it again when they have the final specifications. I apologize for any issues.

That list contains hardware that doesn't even exist.

It's from The Genesis Block and I'm aware that all other numbers are purely hypothetical. The only solid numbers from that chart are the ROCKMiner blade, based off of initial tests.

So 11.52 GH for 0.855W? Really? Useless chart is useless.

The Virtual Mining hardware listed are based on the 28nm eASIC design which got cancelled ages ago.

uhm,  how do you get 0.0742 w/gh?    that would be amazing but isn't at all true..  Might want to put the right data in that list.. if i'm not mistaken the real data would put us middle of the pack at best..... 0.855W/G as the rest of this stuff is "at the wall" i think?  Hopefully this is just because of a crude test bench setup..

Franktank thanks for putting things into context, but I think you did not enter the numbers properly: 0.855W is per GH, not for the whole chip.

Yea, I've corrected it but then I've taken down the chart. In my enthusiasm, I hastily plugged in numbers in an excel sheet incorrectly. I'll wait until they have final specs up.

Please keep us updated on additional tests. Do you reckon you're able to improve the consumption? When are you able to perform new tests? Will the new chips be exactly the same as the old ones you tested? How did you cool the chips?

yeah,more info ,more better

Hi all,
   We registered a twitter account to update the small progress and news of RM,if you want get the latest news,please follow https://twitter.com/RockMinerInc (https://twitter.com/RockMinerInc).

We've got R-box test PCB now.
   

got it, move on.

any better numbers?

following this thread to see how this plays out

guys, im really interested in this project. it would be great if you could list it on havelock. they are the most secure of the securities exchanges, are a registered company with visible owners, and the only failing is their servers need upgrading, but im sure this is something that can be sorted out.

Want to sell 100 shares for 15btc.

News from China

视频: 洋洋访谈 宝二爷采访疯狂小强矿机rockminer
http://v.youku.com/v_show/id_XNzAwNDM4NzA4.html

Can someone give an overview of what comes up in the video for non-chinese speakers?

This is not news, just a interview about rockxie's story.

i would like to sell an additional 200 shares at 0.15BTC

please contact me if you are interested.


@ Rockxie maybe you can tell me if their is a minimum amount people are allowed to buy/transfer?

Minimum amount direct shares transferring is 5 shares.

BTW:
We issued a PT-ROCKMINER at counterwallet.co.Detail see http://www.blockscan.com/assetInfo.aspx?q=ROCKMINER (http://www.blockscan.com/assetInfo.aspx?q=ROCKMINER)

Having never used counterparty I'm a bit confused.

Why is there 7,500,000 shares? Are they fractional?

Total direct shares are 75,000. ROCKMINER on CounterParty is a passthrough asset of RockMiner's shares.100 XCP-ROCKMINERs equal 1 RockMiner original share.75,000*100=7,500,000

Good news. I tested buying some XCP-ROCKMINER via the platform --  process was simple and successful.

https://i.imgur.com/qz5JmYX.png

just had a quick look. confused.

so can shareholders list to sell via this platform?

of course, email rockxie@rockminer.com to list your direct shares for trading via the passthrough

https://bitcointalk.org/index.php?topic=395761.msg6354587#msg6354587
warning from CounterParty.

2. Public offered shares can only be exchanged after 15 days as from ending date of this fund raising.

What does this mean ? Since it has been more than a month, why we still can't exchange the public offered shares?

Is a PT going to be offered on havelock or whats going on with counterwallet

We would love to work together with Rockminer to bring them to our platform. We are sure we can work something out.

I tried to buy some of the 1/100th shares on Counterwallet, but that was exactly at the moment of the Counterwallet bug. Since then, it looks as though there have been only 2 successful trades on Counterparty for Rockminer shares. I love the idea of a distributed exchange, but right now it appears that Counterparty just doesn't have sufficient volume.

Havelock would be very welcome!

anyone looking to sell shares PM me.

i can't be dealing with this counterparty shit. i know its the future when it comes to decentralized asset trading, but its just not ready yet.

*sigh*

escrow only.

it would be nice if you could get the fund setup before they start mining  ::)

rockxie?

mining?

I thought they were going to be mining/and selling?

Progress! https://twitter.com/RockMinerInc/status/463350124803260416 (https://twitter.com/RockMinerInc/status/463350124803260416)

When will you be entering mass production? When can we order the miner and which quantities will be available in the "first batch"?

Now that looks amazing!

GJ  ;)

when is the first dividend payment planned?

Have they even sold a single miner yet? The rocket needs to lift off first before it can reach the moon.

The form factor looks like first gen gridseed crap.  That's a no good horrible form factor that is terrible to deploy at any kind of scale.  The low end consumer market is just about dead as a doornail, so I'm not sure who they are going to target with these.

Have you thought of the product names? how  about small rock, medium rock, and large rock

Pebble, Stone and Boulder.

Don't worry about paying me for the name, just send some gear for testing.  :D

light rock, hard rock, and rock out with your c**k out.

Anyone want to sell me their shares?

RockMiner,R-BOX, Open National Mining Times again!

After working days and nights, R-BOX, RockMiner's virgin product is coming now, is aiming to be comfortable, convenient and high efficient. National mining is so close, are you ready?

R-BOX characteristics
Small and cute, mining at home, office etc, easily to be transferred;
Low noise, will not disturb yourselves and neighbors, mining with working together;
Easy to install, only normal power supply and USB line are necessary;
Simple operation, three steps, means one minute then machine is working.

Technical  Specifications
Effective Hash Rate:around 32GH/S
AM ASIC:4* AM Gen3.TSMC40nm
Mining Software:CGMiner
Machine Size:90mm(L)*90mm(W)*70mm(H)
Cooling:Air Cooling system
Power Supply:12V,5A adapter
Power Interface:DC2.5
Nominal Power Consumption:around 40W
Ambient Operating Temperature:10°~35°C (50°~95°F)
https://twitter.com/RockMinerInc (https://twitter.com/RockMinerInc)

Weixin: pzj2870 or Alexsuct
Email: sales@rockminer.com or rockxie@rockminer.com

Good! Will it ship immediately? What's the price? What's the available quantity? When can we expect the big miner?
Keep up the good work!

production cost vs sale price?

You can trade ROCKMINER shares via CounterParty (https://counterwallet.co). I saw asks available on order-book there still.

Good to hear.

This is easily in the range of solar panel and battery power

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

Excellent!  Thanks for the updates.

can someone explain how to buy shares, all i see is on counterwallet is a buncha funds for starwars stocks  ??? ???

not really trying to buy shares on shitty beta site

Shares aren't widely traded yet. Your best bet is to find someone with shares and buy them direct (like AM direct).

However, without a market, it is difficult to know a fair price.  I own shares abut am unwilling to sell at .15  I'm guessing that without a market for price discovery, you won't find too many willing to sell.

yea thats why ive been trying to buy shares since this thread opened....and also tried to get havelock to open a PT

Step 1) Navigate to counterwallet.com. Create a wallet or enter existing wallet mnemonic. Send BTC to the wallet address.
Step 2) Click Buy&Sell Tab. Choose 'I want to buy' Other Asset. input ROCKMINER into the box. choose 'I want to sell' and select BTC. Dropdown box will be populated by your address containing BTC.

You'll be taken to market page and can place order and wait for it to be filled.

It's counterwallet.co (not .com)

As far as I can tell, there is currently only one buy order on the books for 25k Rockminer shares for .2475 btc.  Shares appear to be 1/100th of a Full share, similar to the AM100 PT.  So that is only an offer of .00099 per full share.  In other words, Rockminer isn't currently being traded on counterwallet.co

I personally find counterwallet.co counter-intuitive and most likely will not be listing my shares there.  I think the decision to split the shares into 1/100ths is just adding to the confusion.

Selling RM shares

What is your price and amount?

I went on counterwallet.co and finally figured out how to place an order for ROCKMINER at the rate of the only previous trade and placed an order...it's been sitting there for days, and the market depth is 2 (including my order).... it doesn't seem to be getting much interest.  I guess I'm going to cancel my order if it's never going to be filled.

We'll make shares transaction on exchange(s),counterwallet.co may be too difficult to newbies.pls be patient.

Newbies to what? counterwallet.co? It looked interesting at first, but it is far too complex for someone who's not interested in delving into the workings of it.  I figured it out, but the market depth for ROCKMINER is 2 and no one seems interested in selling shares on it.

As far as ROCKMINER, looks like you guys are "rockin" good work!!!

Also, I created a wallet, transferred some btc and placed a buy order for a trivial amount of shares.  I saved the seed but now when I try to use that seed to reopen the wallet I have no btc or shares and my history is blank.

I'd say counterwallet.co isn't ready for prime time.

Have you tried checking the address on the blockchain? You should be able to use the private key and send the BTC out on a Bitcoin wallet if the BTC is still there.

ROCKMINER has competition!

Hi, I am one of the guys who works on Counterparty - sorry for the confusion there!

There was a bug in software that Counterwallet was using, and, as a result, we have switched software. To access funds from an old wallet, you have to prepend your 12-word passphrase with "old".  For example, if your existing passphrase was "acid doubt danger hum dinner action final point demand inhale bedroom ocean", your new passphrase would be "old acid doubt danger hum dinner action final point demand inhale bedroom ocean".

You should "sweep" your funds to a new wallet ASAP.

For more information, please see this post on our forums: https://forums.counterparty.co/index.php/topic,321.0.html.

If you have any further questions, you can post on our forums, or send an email to dev@counterparty.co

Thank you, that was it.  Funds recovered.

I don't want to imply that there is anything wrong with Counterparty (I haven't used it)... but issuing and trading shares with colored coins (www.coinprism.com) is a piece of cake! Very easy. You guys should definitely look into it.

I tested coinprism some months ago in closed Beta and now the open version, of which not a whole lot is changed. My opinion is counterparty is still the smoothest and most mature implementation when it comes to issuing assets and trading them on market. However users have become incredibly hesistant, lazy even to use anything which doesn't resemble centralised exchange platform.

This was my reason for exploring it, but I guess I picked an asset that didn't have much volume yet. (rockminer will pick up) I still think the distributed trading platform is the way to go!

I've got a demo unit r-box up and hashing for those interested. It's extremely quiet and utilizing around 42.8 watts at the wall. I should have production units in stock within the next couple weeks.

https://bitcointalk.org/index.php?topic=612390.0

Any ideas on a timeframe for getting the shares listed elsewhere?

Thanks.

We are building a platform to do this,and will online in days.

waiting on the standalone unit - the rbox is pricy due to having so few chips compared to other parts.

hashratio seems to be making an antminer-knockoff with the BE200 chips

It's now been 10 days - to the minute. Any progress on the miners?  :)

Saw the twitter feed and the AM thread noted it so congrats on starting to ship out the RBox :)
https://twitter.com/RockMinerInc

selling 325 shares. minimum 5 shares.

price?

0.16btc  <100
0.15btc > 100

I can confirm working units.

http://abload.de/img/2014-05-1420.30.49hpa7d.jpg

http://abload.de/img/2014-05-1420.31.09sxycx.jpg

I should also be receiving my units soon.

sell 50 shares at BTC0.15.

Updated

The cgminer version and handbook of R-BOX can be downloaded at:

https://github.com/rockminerinc/cgminer-for-R-BOX (https://github.com/rockminerinc/cgminer-for-R-BOX)

selling upto 225 shares at 0.15 per share, Minimum buy 5 shares

Congratulations on shipping the R-Box miners.

When will a financial statement be published?  Also, when will dividends (if any) be distributed?

Update

Following vedio is recorded by a self-media named Yangyang Interview,which is very famous in bitcoin industry of China.You can learn something about ROCKMINER and its' factory experimental lab.However,we dont translate it in english, we'll do that if we are not so busy sooner.


http://v.youku.com/v_show/id_XNzE5NDQ3MzA4.html

Seems it already had English subtitles :)

What does it say? Thanks a lot.

https://i.imgur.com/B0sNVdp.png (https://i.imgur.com/B0sNVdp.png)

telling you ad can't load. just refresh and wait for countdown or take off adblock.

you used a ad block plugin,so it bans you. Cancel the plugin will be ok.

ROCKMINER X-BOX DEMO


https://www.youtube.com/watch?v=mdk2dmNcyPI&feature=youtu.be

Great!

Can you provide more details, about the figures I give in https://bitcointalk.org/index.php?topic=629006.msg7039876#msg7039876

Microsoft are going to love that name. nice job team!

why do they call it xbox 360?
because when you see it you turn 360 degrees and walk away

I see what you did there.

Well actually, if you turn 360°, you turn back to your initial position ! You make a full turn, so you can't escape. ;)

I like what is ironic, and this is definitively the case here :)
Tried to make a joke and fail, I like it. But no offense here, we understand the joke and agree. I just take so more fun :P

fail.

These actually make sort of sense if it is harder to buy btc in china now, small people can enter the market with a small mining reward.

Looks great!  Throw them on the boat and send them this way! 

https://i.imgur.com/NzQX5jM.jpg

Zip-A-Dee-Doo-Dah: http://youtu.be/LcxYwwIL5zQ

Dogie's comprehensive setup guide coming soon! Includes an 81MP super image, just because we can.

 https://farm6.staticflickr.com/5512/14123745607_f86589fee7_b.jpg (http://goo.gl/JK9AKu)

81MP, its a 6x merged image so its not perfect
 https://farm3.staticflickr.com/2926/14308582312_8ba22aceb0_b.jpg (http://goo.gl/6BMMYt)

Whoa nice. You ever get around to purchasing that expensive camera? Think it was infrared or ultraviolet idk.

Can these be shipped to the United States?

For USA, there's a reseller in Illinois, named CanaryInTheMine :
https://bitcointalk.org/index.php?topic=629006.0

He will be happy to process your order, just PM him.

Canary is also, to be clear, the best reseller on this forum.

[Edit after message from link deleted]

Official figures were released for RX-Box product :

• 600 GH/s
• 720 W (at wall?) no power supply in package
• 1 BTC  (4 for 4 BTC)

- Deliveries from June 25th
- ROI insurance "R60"

See details (http://shop.rockminer.com/goods.php?id=34)

Thanks!

It would be great to organize these in one of my cases:

http://i715.photobucket.com/albums/ww153/Spotswood_/Gridseed%20Case/GAW/T2/20xDual-1-640_zps0294e94e.jpg (http://s715.photobucket.com/user/Spotswood_/media/Gridseed%20Case/GAW/T2/20xDual-1-640_zps0294e94e.jpg.html)

But, what are the dimensions of the heatsinks?

selling 200 rockminer shares, 0.15 btc each. minimum buy 5 shares

Another nice looking miner: https://twitter.com/RockMinerInc/status/476758601776631808/photo/1

Update

RK-BOX specs:

http://farm3.staticflickr.com/2923/14212461298_e0344c32e5_b.jpg

Prototype is testing now,here is pics:
https://c2.staticflickr.com/4/3880/14212490638_99a24494f7_z.jpg


First batch production will be done on 24th,and shipping date will be 25th,email sales@rockminer.com or PM me to get more infos.

Thanks for your support.

Great work rockxie!!  Impressing us more and more each day!  They look great!

Can you comment on how many BE200 chips that you have received so far?

I like the name its heading to the moon :)
Keep up the great work I even see the X bone xd

How many RK-Box will be available in that batch?

Hello,

Eyeboot.com (http://www.eyeboot.com/Bitcoin-Miners-btc-mining/rockminer-rx-box) will have the Rockminer Rocket RK-Box shipping before First of July i believe.

I pre-ordered one unit so far :-)

Zeta.

Any EU resellers ?

We have it up for sale already, with our first 2 batches ordered and paid for.
http://minersource.net/collections/frontpage/products/rockminer-crossbow-440-440gh-bitcoin-miner

Does it include the guaranteed ROI for $699?  If not it will not even come close to ROI  ???

Eyeboot ships them pretty cheap, so whit a good multi-pool we can make it :-)
 

Are you in EU ?
I thought minersource is US.

yxt was AM's official EU reseller and is currently selling the first ROCKMINER miner. http://asicminer-shop.de/ (http://asicminer-shop.de/)
The shop seems to be in maintenance currently, though - maybe he's adding new miners?

My Unboxing video of the R-Box Rockminer  :)

http://youtu.be/rRWJDUsAHOE

Love it!

We are US, but we offer USPS/UPS/DHL Shipping to the EU, relatively speedy.

To me these will sell like hot cakes at the 0.5 BTC price point if avail by July 1.

http://www.youtube.com/watch?v=a5dpBpaFiMo

Sorry, I couldn't resist.  ;D

ETA on Xbox?

Import duty 22-25% is bloody killer :'(
For 2 Habaneros I paid £275 for import and $160 was postage.

We have had great luck marking miners that look like this (S1 as well) as "RMA" or "prototype goods" marked at $99-$199.

Awesome solution. Not. Good luck! ^^

So when you will have them in stock ?
(I'm not doing pre orders)

Our shipment will be sent from rockminer on the 25th. Took ~40 hours last time, so 2 business days after that. Our first batch is almost sold out.

How big is that batch?

Rockminers first batch was only ~300 units, 2nd batch will be  much larger.

sure  :)
http://asicminer-shop.de/RockMiner

I got a great setup video right here: http://www.dailymotion.com/video/x1zihr3_install-asic-rockminer-r-box-in-10-minutes_tech
Perfect for the OP?

How about using a different pool than ghashio?  Enough turmoil there...

this setup works also perfectly on other pools, Like Multipool.us or Bitminer
For now I am using Bitminer, thats a really small pool, nobody even knows that one.

only several hundreds,second batch would be thousands

Rockxie, has there been any progress on where you are planning on listing the shares?

how is the test mine coming along?
how is plans for large solo mining?

You can have a massive update on batch and shares here:
http://bitcointalk.org/index.php?topic=632947.msg7365142#msg7365142
 (http://bitcointalk.org/index.php?topic=632947.msg7365142#msg7365142)

havelock
https://bitcointalk.org/index.php?topic=632947.msg7365142#msg7365142 (https://bitcointalk.org/index.php?topic=632947.msg7365142#msg7365142)

We are pleased to bring ROCKMINER to Havelock.  The Fund is listed as "ROCK"

Shareholders who want to trade on havelock please follow instructions below and submit the following information to transfer@rockminer.com :

1) your email account on HavelockInvestments.com;
2) your wallet address associated with RM shares, shares quantity, signature and verification of THAT address.

VERY IMPORTANT：Only complete signature and verification information can prove you are the owner of that address.
_________________________________________
Email template:
1) Account: Adam@gmail.com;
2) Wallet address: 1KEyDoC85BBh251REWwZwbTFWrA6xmFBAe
shares: 100
signature: I'm the owner of 1KEyDoC85BBh251REWwZwbTFWrA6xmFBAe,my havelock account is Adam@gmail.com.
verification:******
__________________________________________

The rocket box seems promising :)

Any eu-resellers that accept BTC as payment? Or, could one person from europe buy directly from your website?

the ROCKMINER (ROCK) Fund Will be open for trading on
https://www.havelockinvestments.com/fund.php?symbol=ROCK starting Friday at 9:00 A.M GMT

Thank you,

Rockminer
Havelock Investments

@havelock:  When are you planning on releasing the 100 BTC you're holding for MintSpare (MS)?

For anyone looking to purchase shares on Havelock, do take note that these are 100:1 fractional shares, like AM100.

???

W...what happened here?  Things were going swimmingly, all sorts of bidses and askses, 15 shares sold and now?
Nevermind, must have a half-loaded page.  It's back.

Check my new video of Two Rockminer Rocket asic scrypt miners, just out of the box!

https://dl.dropboxusercontent.com/u/304909/IMG_3191.JPG

Wanna Party!?
https://www.youtube.com/watch?v=bL-KjGB9U78

 ;D

Ooooh maaaan  :(

What's the noise like ?
(Correct, we can't hear that from the video)

Video whit the noise, not that loud at all.
http://www.youtube.com/watch?v=DKybNwf2xvc

Hi, i am surprised ROCK is currently priced so low onto Havelock, wasn't IPO price about 0,1?
Looks like price is about 0,05 now, what's the reason?

IPO price was 0.1  in March (?)

I think the reason why it is lower is that dividends were delayed due to heavy competition with other miner producers.

On Havelock there are 1/100 Rockminer shares like AM100.

The nature of IPOs on Havelock.  Should bounce with some payout though.

Yep the nature of havelock rarely see a move upwards it happened on an asset or two but usually it goes down and balances at a new range for a bit till dividends or news come out.

so hum when does the first divs are supposed to kick in?

Same question. Plus:

- Can we have a short sum up of the financial status as today?  (Volume x unit Price) It can be through PM.
Also a rough forecast (remaining stock of item not yet sold, not yet manufactured,...), would be appreciate.
Can we have already 5 or 10% or our sales?
So far we understand that there's some delay with initial forecast But we need update and clear status about that.
 

- Where is the shareholder official list?
The latest we have is here (https://github.com/rockminerinc/rockminerinc.github.io/blob/deb668ea56b334028805172224427e119d1f1fa3/RMshares.txt). Official one was deleted (https://github.com/rockminerinc/rockminerinc.github.io/blob/master/RMshares.txt). IPO data sheet on Drive was not updated with past date sales, this is IPO data, not share holder list.

UP
Rockxie?

maybe someone should put together a set of shareholder questions...

and try following this thread more -https://bitcointalk.org/index.php?topic=632947.460

Yep, I tried to do so.

Well, I'm doing. But this thread is dedicated to products support. I cannot see anything linked with my expected answers. This present thread is the one of the IPO, RM guys have to answer here. I think I'm in the right thread here.


To be complete:

Dear RockMiner chiefs, as shareholders we have some questions related to our investments and our company: You can answer through PM or dedicated channel.

- When does the first dividends are supposed to kick in? Can we have already 5 or 10% or our sales?
So far we understand that there's some delay with initial forecast. But we need update and clear status about that.

- Can we have a short sum up of the financial status as today?  (Volume x unit Price)
Also a rough forecast (remaining stock of item not yet sold, not yet manufactured,...), would be appreciate.

- Where is the shareholder official list?
The latest we have is here (https://github.com/rockminerinc/rockminerinc.github.io/blob/deb668ea56b334028805172224427e119d1f1fa3/RMshares.txt). Official one was deleted (https://github.com/rockminerinc/rockminerinc.github.io/blob/master/RMshares.txt). IPO datasheet on Drive was not updated with past date sales, this is IPO data, does not represent shareholders list.


If you're RM shareholder and have some questions, you can post you questions here or send them to me by PM. I will join everything and contact directly Rockie or so, until they answer. Then I will come to you back.

Ok, so apparently they have updated and put back online here:
https://github.com/rockminerinc/rockminerinc.github.io/blob/master/RMshares.txt

It is interesting to see how shares have been traded or transferred to HL.

For transfering to HaveLock :


See here https://bitcointalk.org/index.php?topic=632947.msg7365142#msg7365142

Ops. Lets try that again:

It is interesting to see how many shares have been traded or transferred to HL.  The second list is much shorter and many of the addresses have lower amounts to shares.  

OK, not understood the right way, still explaining again havelock transfer on this thread would be useful ;)

Some are also on CounterParty :
http://blockscan.com/assetInfo.aspx?q=ROCKMINER

Indeed, HL doesn't publish shareholders list on their site. Not sure at all, whether blockscan lists asset on HL too.

By going "back through history" you should have this kind of info, but it can be painful I admit  ;D

I have my RK-Box hashing away happily, here is a screenshot:

http://www.batpic.com/images/2014/07/09/nice.jpg

 ;D ;D ;D ;D ;D ;D

New product done : "R4"

Estimated HR = 1TH/s ( ~1100W) ??

http://pbs.twimg.com/media/BsHM_Q9CAAAgIKH.jpg:large

http://pbs.twimg.com/media/BsHM_tcCUAEWjVo.jpg:large

https://twitter.com/RockMinerInc/status/486895634503311362

Hi folks - just wanted to drop a quick note that I put together a post on mining with the RockMiner R-Box on Mac OS X:

http://blog.nwoolls.com/2014/07/10/bitcoin-mining-on-mac-os-x-rockminer-asics/

I have just started testing my R3 units overnight and here is a screenshot:

http://www.batpic.com/images/2014/07/11/screenshot.jpg

515 GH/s!!! Very nice! Using the custom cgminer fork provided by rockminer and raspberry pi  ;)

16 units are in-stock with immediate shipping right now. You can buy one here on the forum:

https://bitcointalk.org/index.php?topic=684859.0


Excellent guide! Great job as always. What is your btc tip address?

i've noticed every rockminer always is showing 10% rejected on any pool....
does the firmware upgrades improve much or is the rockminer units still suffering from the disconnects and all other issues spread around the forum ( fud or not fud )

firmware upgrade does improve it and altering frequency as well

So, how many devices has ROCKMINER shipped over the last couple of months. Any official numbers? Any guesses or estimates from you guys and gals around here?

Lot of people have Rockminers. 
A friend of mine just show me his Rockminer Rocket rig and Rockminerx-box farm.

Love the new Rockminer R3
http://www.youtube.com/watch?v=PSRlUafXr8k
 :)

When the next dividend can be expected ?
What is the current status ？ :)

For what its worth, I am a re-seller of RockMiner R-Boxes in the US. I am VERY happy with sales, and am starting to put more orders in for them, as we're moving a considerable number of units (looks like 75-100/wk on Amazon alone). I am sure we're only a small part of the entire RockMiner scheme, but I am excited to do a lot more business with them in the near future!

selling rock miner direct shares at 0.0851 per shares

 Looks like it will be soon!  ;D

 Rockminer: https://docs.google.com/file/d/0BwVxGR-76wFeeVplZ3YyeGFxWkU/edit

good!~ ;D

Yes R-Box is a solid product! I also have good experience with R3 units too. If we could only get it put into the main cgminer fork then things would be super.

 div just announced on havelock!   

Dividend received on haclock and directly, thanks!

Share price on Havelock seems pretty stagnant still, though. Maybe not the dividend everyone anticipated?  :-\

no clue what people "anticipated", but it's at 15% per havelock

any divs on counterparty?

Update and Dividends of August

2014/9/13

ROCKMINER team commits in this report there is no false records, misleading statements or significant missing and will undertake corresponding responsibilities for the authenticity, accuracy, completeness of the contents.

Statement: We hereby apologize for the delay of dividends and updates of August due to production issues and holiday.

1.State of Operation and Dividends Scheme of August

1) In August, we mainly produced 1,000 units of T1 Bitcoin miner (based on ASICMINER’s open source blades). About 300 qualified ones have been sold. And only a few of them were sold at price above our cost while the rest majority were sold at price lower than the cost because of price comparison and fierce market competition. Overall, this batch of T1 miner has been in loss.
2) About 700 units of R3/R4, 1,000 units of R-BOX were sold in August.
3) Total income of our mining farm in August is around 300BTC.
4) Dividend receivers for August are still our IPO shareholders, the total amount is 18.75BTC.
2.Next Operational Planning

1) Mining farm operation and maintenance, plus miner sales are still guarantee of company operation.
2) Continue to promote project of "Mining for Everyone". So far we have produced the first batch of an upgraded version of R-BOX---the New R-BOX, which is still orientated as miner for new players and education.
3) We will release the cgminer codes of New R-BOX, hoping that can improve the solution of miners and enhance the mining education function of products by the contribution of more and more engineers and enthusiast.
4) We originally planned to deploy at least 2P hashing power via cooperating with ASICMINER. But this plan has to be temporarily postponed for various reasons such as mining difficulty is rising up than our expectation, intense competition and prolonged low price of BTC. The plan waits to be carried out in the future at a proper timing.
5) Given the characteristics of this changeable industry, we will adjust strategies correspondingly. Some plans are under our consideration and will be announced at appropriate timing.
3. New Product Launching

ROCKMINER always insists on carrying out its "Mining for Everyone" program. The newly launched New R-BOX is another blockbuster of the program. We do hope through this small mining rig, which has exquisite interface and friendly user experience, more people can experience mining and understand the significance of mining. Besides, we also hope to contribute our own effort to promote and popularize Bitcoin.

Features of New R-BOX:

1) Higher hashing power than R-BOX, a better choice to meet the current mining demand.
2) A PSU with big capacity can drive several New R-BOXes at the same time.
3) Similar to R-BOX, the New R-BOX can be driven by PC or controller (Cubie or Raspberry Pi).
4) Similar to R-BOX, MediterraneanCoin can be mined by New R-BOX through underclocking.
5) Silent fans are selected for the New R-BOX to achieve low noise mining, as quiet as R-BOX.
6) Improved appearance with ROCKMINER logo on chassis, which increases the recognition of product and brand.
7) Improved product structure. The internal structure is hidden in a small chassis, which not only brings sense of technology but also increases safety of the product.
8) As for the parameters and appearance of New R-BOX, please refer to the attachment or visit our online shop: shop.rockminer.com
ROCKMINER TEAM

2014/9/13

Saw this over in the hardware thread. Perhaps it would be better suited here for anyone invested in this operation, although it doesn't seem like the RM team is spending much time on the forums nowadays.

yes sorry got the threads confused, not much action over here.

Come on Rock Xie....... it's been 7 days since you said update soon. Are we going to pass ANOTHER month with no information?

 Financial report was released on havelock about 45 min ago. :(

nope???

This is almost laughable.... buy back now for fifth of the value...... great job rockxie!

So basically you and your team have sat on your ass for the last three months and lost the company 4/5s of its value......

just to make it public knowledge i have given some shit with rock xie via PM and the buy back figure they are looking at is 0.001, one 10th of the IPO price........ anyone else felling ripped off?

rofl source?

ps: 0,001 is 1/100th IPO price

Quote from: elasticband on Today at 08:11:28 AM
i own around  XXXX shares of rockminer, at one point worth XXXBTC now worth about XXBTC at current market prices!!!

I want RID of my part in this failing company. what price will you offer me for a buy back of XXXX full shares?

I am talking havelock 100th of a shares. full share buy back = 0.01

edit: i ahve told them they are as good as a scam, lording it up flying around the world to london BTC confrence, even though they are not producing miners. Idiots.....

ouch.   :-\

rock xie, you and your team have done absolutely nothing to try and hold or create value for this company, infact you have just side lined it and are working for AM again? AM paying your wages? or still living from shareholders investments?

I can't comprehend how they failed so badly. Where did the money go?

Even though AM/RM like to blame their failures on market conditions, I think they are both the cause of their own demise. I'm sure they both would have been relatively successful without the halfassed marketing/PR.

Amazing how both RM and AM can loose money non stop..seems a bit off to me. I am sure they got the chips at or around cost and yet still can not make a profit?

Chinese Qualitat?

Chinese way of doing business.

If this is true, then this has been absolutely terrible for investors.

As an IPO investor, I'm pissed off.

ASICMiner, Rockminer, the whole 'team' of these people are fucking awful.

No wonder they fail, their public relations and communications are atrocious.

It does not mean they are going to do a buy back, but it did say in the recent update to save investors from more loss this could be considered.
I Pm'ed to suggest i would like out and what would the buy back offering for me at that time at which they replied with that quote of 0.01/0.0001.

Hopefully something changes and they can put what funds they have to good use.... maybe rockxie can comment on future plans?

i'd love this. (https://bitcointalk.org/index.php?topic=632947.msg9752070#msg9752070)

times are hard. deadly winter ahead.

quoted for scamming

So this company is  a rip off and not worth going to for mining equipment as just come across their site and seen some attractive prices but this thread gives me a headache so unsure to buy as very mixed vibes. Anyone bought from them on here and awaiting products.

As far as I can tell, the hardware customers have been quite happy. The shareholders? Not so much.

Seen Asicminers in local Bitcoin conferences, never saw RM.

how is that possible?  you should have sold 3 months ago...

i only saw them in HK presenting

1. The latest financial report:

https://drive.google.com/file/d/0B19Fg5c2mNTycWxvVDlITlRBRGs/view (https://drive.google.com/file/d/0B19Fg5c2mNTycWxvVDlITlRBRGs/view)


We produced R-BOX, NEW RBOX ,R3/4 and T1-BOX in past months, we tried do all the good things for company.

There are several main reasons for losing money:

1) We lost lots of money by accepting and keeping BTC.RM accepted BTC on our oversea marketing ,but price went down soon,we didn't sell them when the price of BTC was going down from 500+ to 330+.

2) The price of bitcoin going down also cut down the profits of miners.
    
3)In the end of November, we sold miners on price which is lower than cost for cleaning out stock.
   We have to sell out the miners as soon as possible,if we don’t do this,we would lose more money since the difficulty went up and up and competitors's  new miners were out.

1)+2)+3) ate all margins from producing hardware!

2.

We never got any hidden benefits transferring from AM, we bought chips from AM at the same price as other rig producers.

3.

We didn't attend the London conference, we just asked our partner to take our booth to exhibit our products,and this cost little fee(don’t need pay for travelling and hotels). However we did attend the Las Vegas conference to find projects, promoting our products, and talk with our customers and investors for potential opportunities of commercial cooperations.

4.

We lost nearly $137,000 by the quit of two testing mining farms. Price of  BTC keeps going down, electricity price of which is 15cents, considering the power consumption, mining more means losing more, so we have to quit.(Even you don’t mine,you also need to pay $7500 for rental and minimum electricity fee.)

And we lost a lots for the reason released on point 1.

5.

We don't produce chips and we think it is not profitable for us to continue to produce miners, the more you produce,the more you lose.So we decided stop production in coming days temporally ,this not means we are quit of our "Mining For Everyone” plan. We are waiting for the right time to restart producing miners.

6.

We still wanna operate company to pass though WINTER, and turn over in next year.
You asked us that you wanna  RM buy back those shares, I just told u there were someone can buy your shares at this price, not ROCKMINER buying back.

7.

We do cooperate with AM now, and we don't refuse anyone to make cooperation if there was a chance. Because this can make profits for RM too.

8.

We haven’t done well until now,that is not our original purpose for starting this company. However, I have to refuse those words like "Chinese way " or "scam", and have to say" ROCKMINER is not dead" but trying to survive now.

9.

We apologize for the poor PR in past 1-2 months, but we are changing now. I don't think say "F" words can help yourself or company get profits.

10.

We attended lots of local conferences in past months because of low costs in domestic traveling.

11.

Anyone of you can contact us for products problem, we will find way to solve it, we have distribution center in EU and US.If you got feedback in 12 hours , pls contact us for one more time, there was only one person handling the selling,delivering and customers supports in oversea.


12. What's our plan?

1) Current running projects. We are deeply cooperating with AM now, more news will come out soon.
2) Future plan.Building farms for other investors who need electricity and space, we have the electricity and other infos.Building cloud mining brand.
3) Doing OEM and ODM on small miners like RBOX, less investment and less risk.
4) Looking for new profitable opportunities for RM.
etc.


Please move to our another official thread to keep communicating .https://bitcointalk.org/index.php?topic=632947.new#new (https://bitcointalk.org/index.php?topic=632947.new#new)

@rockxie There is a news in the market that you have stopped producing new hardware and focusing on marketing & PR for AM hash. Is there any substance in this news ?

AMHash is one of our projects that we are doing now.

We stopped producing new hardware temporary because production with ASICMiner's 40nm chips is not profitable right now.

... Which is of course a very smart move, as the 28nm chips are shortly going to be available..

Rockminer has proven themselves as steller designers..which takes time, effort and resources..

I'm looking forward to see what kind of mine you could create with these new .28nm beasts when the time comes..

so, what are RM doing at the moment ? Designing killer miners for the new chip ?

hopefully RM comes out with reliable miners followed by AM coming out with working tube 3.0

To clarify the situation to all not in grips of AmHash hashie.co bonds.

hashie did not ever own or be managing AMhash pool. This gives the escape way for all AMhash users who purchased hashes via hashie.
Below is the link to transfer AMHash miners to Amhash itself or to havelock:
https://amhash.com/my/index.php?act=hashie_transfer

Transfer tips: BTC address is your to be paid to address NOT hashie address (dont copy hashie address unless you want your AMHash paying out to hashie /you don't:)/

as soon as we all/majority make the transfer the sooner we will see our mint.

This will NOT work with Gen1 miners as those ones where hosted by Rockminer.
Again Rockminer still is in possession of this hard and it is still hashing so it is down to Rockminer and Alex's reputation to come up with similar to AMHash transfer facility.

you may email Alex on alex@rockminer.com

as I did not have any Gen1 hashes here I leave it to the ones who have.

I dont know anything on Firehashes - where they where coming from and who would be the best person to knock at.

I hope this will help some of unlucky peeps with no hopes to retrieve their hashes and investment.

All the best
Primeminer

why??

Rockminer will make a public announcement in the next 48 hours.

Stay tuned!

....... have we been havelocked again   :D

Forced buy-back of all the shares at 0.01 btc or 10% of IPO?

ROCKMINER shares buy back plan

Dear Shareholders,

Thank you for supporting ROCKMINER for so long term, in the past months,we designed, produced and sold thousands of miners.
RM can never be a recognized company in community, and running for so long without your investments and help.
I know you are disappointed with this situation, and feel angry about loss of money.However, as we know, BTC miners producers have suffered a long downturn term for BTC price going down in past year, lots of manufactories bankrupted as we know.
We did try our best to run the company, I still remember the first two and three months, we worked from day to night for the designing ,producing and selling, we were excited for first product R-BOX made out.Our team became a professional miners producer after months.
We were planned to save the remaining capitals for future producing investment, but after time passed and market situation changed, we don’t think we have the capacity of producing new miners in next months, because we don’t have chips and costs excluding chips still very high.
Whatever, we still feel very sorry about what ROCKMINER experienced ,and we plan to use 90%+ company capital to buy back all public shares to reduce investors loss.


We are going to buy back all ROCK shares based for :
1. No producing plan in next 6 months for miners producing is not profitable without chips.
2.We don’t have the dividend plan in next half year except there is a new profitable project,actually it’s hard to find one now.
3.We are miners producing manufactory, but we lost the main business,and we need to pay daily expenditure, we have to sell BTC for keep running company.
4.The worst situation will come for point 2 and 3, which means company will bankrupt and none money left. We don’t wanna that happen and being abused by people.
5.Lots of shareholders asked for how can they sell shares, for the liquid of ROCK is not good enough,buying back is the best way for them,or they can’t trade in anywhere else.


Buy back price:
1. 0.05BTC/share.
2. We will spend 18750*0.05=937.5BTC for buying back all public shares.


Buying schedule:
1.We will buy back on HAVELOCKEINVESTMENTS and direct shareholders.
2.Shareholders on HAVELOCKINVESTMENTS will get payment in your account; direct shareholders will get payment in your bitcoin address directly.
3.We’ll complete this plan in this week.


ROCKMINER will not quit  BTC industry, and will try our best to survive,such as lower salary, fire some employees.The best thing is finding some new investors, we don’t think there was someone who will do this,considering current market situation,

Sincerely,
ROCKMINER Team

Wow, sad to hear that. Is hasn't even been a year now. I wish you guys all the luck in the future. Even if it's a loss for investors, at least you didn't wait until all the money has been burned. This is times more honest than what most people in the BTC world are doing!

yeah i would rather get 50% back than 0% like how so many bitcoin investments end for people

Rockie will you be giving out any of the extra 1k AM shares you have accumalated in the last while or is this seperate?