500gh/460w = 0.7w/gh??
Maybe at the chip level or when underclocking them. It's about 1W/GH or a little more from what I see. Is it me or do these look exactly like the HashFast(Scam) boards/chips?
Where/how did VMC acquire these?
HashFast claimed that they're having components shortage hence they dont ship their miners to the customers..... However its damn clear they sold their cards to private dealers. (increase more cashflow) Ofcourse these dealers will claim they're producing cards using HF's ref design. Apparently HashFast has a cash shortage so they cannot produce boards but they don't have a Chip shortage so they are selling their chips with their reference design to their boards. All you have to do is hand this reference design to a PCB board manufacturer along with all of the parts and bam you have an identical HashFast board. It boggles my mind how they are short on cash when they charged $10/GH and are selling the chips for $1.5/GH |
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Odd question: Why was trading resumed? Who authorised it? Presumably not Danny, right? TAT quit, who else had the authority?
There's an update on the Havelock page for Neo & Bee: On March 28, 2014 Havelock Investments halted trading of the NEOBEE Fund; Havelock Investments has yet to receive any formal information in regards to the questionable trading activity on the LMB share platform website. We have not received any formal information on the current situation at LMB Holdings. Due to those factors we have decided that the unit holders on the NEOBEE Fund should no longer be suspended from trading their units. The Fund will now be designated as NEOBEEQ to reflect the uncertainty of the future of LMB Holdings – NEO BEE Ltd. Financial information on the status of the company has not been released. The units of this Fund will continue to trade even if the company will file for bankruptcy. We will continue to update you if any information is provided to us.
Trading will resume today at 5:00 PM EST emphasis added But but... I'm siding with bitcoin.newsfeed. This is insane on so many levels. Exchanges, unlike pawnshops, don't usually have the right to do that. You only dislike it because you dislike havelock. This is actually great for anyone because it allows those who think there is hope to buy cheap shares and it allows those who think there is no hope the chance to salvage pennies from this. |
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And so the dump begins
Literally giving shares away for free.. 2014-04-04 17:02:27 75 ฿0.00000001 ฿0.0000 2014-04-04 17:02:27 4227 ฿0.00000001 ฿0.0000 2014-04-04 17:02:26 2000 ฿0.00000001 ฿0.0000 2014-04-04 17:02:26 2300 ฿0.00000001 ฿0.000 |
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Well I am in LA so if you guys units let me know. I will come by
If you do stop by please bring a camera as it seems they don't own one. |
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@jimmothy
Calm the fuck down and wait for a clear resolution before shitting your pants like that. Freaking idiotic weak hands.
They've started burning through cash before launch, months before. Launch was just public opening. Staff was hired before that. $6 million or 4.378.920 Euros is not that much when you consider all the staff, promotions, lawyers, trading software, lobbying, travel expenses, building renovation, POS terminals and so on.
No, 6 million is a ton of money even with expenses considered. If they hired an accountant there should be no reason they even came close to bankruptcy. Money doesn't just disappear. It was slowly drained from their wallet until there was nothing. And what "clear resolution" are we waiting for? CEO and entire company just quit. |
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Are we supposed to believe anything danny says after he:
- Without informing any staff he boards a plane and leaves the country
- Does not leave plan in place for neobee when he leaves country "for business"
- Does not pay employees for entire month of march so they are quitting.
- Lost 400 btc of "his own money" in mtgox.
- Receives a single threat (why?) and decides that is enough to quit and abandon his company.
- Has not filed police report about threats.
- Leaves multimillion dollar company without anyone in charge after quitting suddenly.
Could this have really been a long con?
No look it wasn't a con. Danny has lost a fortune in neobee. He has made a big business loss as CEO and has freaked out simple as. Wouldn't you? The loss is not fraud, the loss is down to the market not following NB predictions. Many many businesses fail due to adverse market conditions or unrealistic profit forecasts. Many FIAT banks have failed and in the weeks before crunch point stress levels are beyond maximum for all involved. Danny probably didn't sleep or eat properly for 2 weeks leading up to this. It's not easy to go into work and tell 10 people you can't pay them, their jobs are gone and the company has no liquid funds to continue. He fled due to the stress of it. It's natural and he would have been far from himself in the days before the crunch day. He hasn't done anything illegal from what I can see he has just freaked out. Again businesses fail. That's life. It's simply not acceptable or even realistic for a startup to raise 6 million dollars during IPO and be broke by time they launch. Where did the money go? |
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So he took all his belongings from cyprus with him on a business trip?
Why could he not communicate with the company/investors before the threats were made?
Why did he go "seeking investors" without informing the company first?
Why is neobee short on liquidity?
None of this adds up if you ask me.
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I E-mailed the author to find out... will let y'all know
Kronor or USD
But I'm still thinking it may be USD...
Isn't that the preferred denomination when purchasing Products through bank transfer at KNC?
...and I'm not sure there is an exchange that has enough trade volume in kronor to handle that.... or any exchange that handles kronor... is there?
It's likely they traded btc for usd then usd for kroner (or just held the usd) |
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Are we supposed to believe anything danny says after he:
- Without informing any staff he boards a plane and leaves the country
- Does not leave plan in place for neobee when he leaves country "for business"
- Does not pay employees for entire month of march so they are quitting.
- Lost 400 btc of "his own money" in mtgox.
- Receives a single threat (why?) and decides that is enough to quit and abandon his company.
- Has not filed police report about threats.
- Leaves multimillion dollar company without anyone in charge after quitting suddenly.
Could this have really been a long con?
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Now it appears that the staff have had enough. One employee told Cyprus Mail reporter Elias Hazou that “no one’s in charge” and that staff members were “clearing out”. Hazou says the company’s head office in Nicosia was “all but deserted” yesterday.
The staff member confirmed that the local staff had not received their March wages and that they did not know anything about Brewster’s whereabouts. Brewster apparently left Cyprus on or before 19th March and the staff member had not heard from him since So all that FUD from souce101 was actually not FUD? |
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Hasn't tat vetted all his investments and been wrong every time?
Sounds about right. No surprise he has joined the cult of mpex now. |
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I'll never forget this line..... " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.
Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... Thank you so much.
How long do you think it will take them to setup another farm, only filled with Titan's? Probably a week or two. Interesting how KNC could execute a 51% attack on the entire scrypt network with only a few million dollars. Looks like the whole purpose of scrypt (resisting asics) has failed. |
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Where does that chart get the hashrate?
Directly from AM I do believe, it is not an estimation, but it does not include franchises. (this information is from memory, but the original post where this info was given out is somewhere deep in this thread.) Also does not include the immersion cooled DC. |
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Why is it even an option to liquidate and shut down? Where is the option for liquidate and switch to a better datacenter+better hardware? |
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Serious question - are you taking medication? Low quality troller is low quality troller. Go on newegg or amazon and buy one, please. You need to source it directly from the seller. Posted from Bitcointa.lk - #NyYgeeKkuN6EAOUFCorsair coolers are made by coolit. |
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Now please come back on topic and explain where that cooler came from.
He bought it? Why does it matter? |
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Yeah yeah. So why aren't you guys suing me, and instead spend your time harassing people, which is actually illegal and documented on this very forum?
Probably because nobody gives a shit. |
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Yes, it's correct, but there were plenty of morons believing the "it's a bitcoin bug" explanation.
As I remember it this idea was thrown around for a day or two at most. Not many people believed it. Speculation =/= plenty of believers But then again you don't care. You're too busy patting yourself on the back because you "knew" danny was incompetent. |
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Just go play elsewhere, morons.
Nice of you to throw that bit in there. It really wouldn't be a pankakke post without a bit of arrogance and condecendence. |
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