Hello everyone!
Did you have a balance on CoinLenders or Inputs.io? A reimbursement is also available - please see the thread. RefundA refund for Hashie users is now available.
If you can prove that you had a balance or Hashie miners, I am valuing them at:
- 100% of your account balance, or any amounts spent on FireHashers.
- 0.05986 BTC per 100 GH/s on your account.
This amount is calculated based on the
expected earnings of such hashpower, back from 2015 to 2016. After 2016, the difficulty made mining unprofitable anyway. Excludes free miner.
- Nil for AMHash miners, as the obligations are from AMHash.
In addition to these valuations, I am also offering a
15% bonus on top, to compensate you for any opportunity cost, interest, etc and as an apology for how long this has taken. This is on top of the increased valuation of bitcoin since late 2014.
I am able to offer this bonus to Hashie users, as the balances are substantially lower than CoinLenders / Inputs balances.
To claim, please:
- email admin+g [at] glados [dot] cc; with proof of your Hashie balance / miners, or
- send a PM to this bitcointalk account
All refunds are at my sole discretion, and would settle all outstanding obligations. No contractual relationship or obligation is created from this post, and the offer may be modified or cancelled at any time. Not an admission of wrongdoing of any kind.
The planned deadline is Dec 31st, 2018.
History and what happenedSome of you may know that in 2014, I started
Hashie with a business partner of mine. The idea was people were valuing cloud mining contracts above and expected payouts due to difficulty increases, and hence selling mining power would turn a profit.
Shortly after launching, Hashie ended up partnering with ASICMINER/AMHash, which was an industry leader then in ASICs and cloud mining contracts. Hashie started selling AMHash products, with all obligations borne by AMHash: all purchases (minus a fee that Hashie collected) were paid to them, and all payouts came from them.
I want to explicitly clarify: the VAST VAST MAJORITY (>1000 BTC) went to ASICMINER, and were NOT Hashie obligations. Hashie was a pure reseller.
Just after Christmas Day 2014, Hashie launched "FireHashers" which were duration-limited mining derivatives. It was an extension and the first step into a marketplace for mining difficulty derivatives. This represented a tiny fraction of all Hashie contracts. The price was algorithmically determined. Unfortunately, for a brief period of time blockchain.info returned '0' for the bitcoin price; meaning the algorithm had a multiplication by zero and essentially sold the miners for free.
This allowed some quick hands to grab whatever that was left in the hot wallet, which was around 50 BTC at the time. It made Hashie insolvent. I was dealing with a lot of personal issues at that time, and the fact that this was my
second compromise (after Inputs.io) despite how hard I tried to keep Hashie going and sustainable as a business. Trying to deal with with that, I ended up making a weird Frozen-themed ARG. I apologise.
Within days, AMHash also defaulted and completely disappeared, and exact details are still unclear there. There are rumors that friedcat was arrested for stealing electricity for ASICMINER in China, but in any case, for AMHash Hashie was a pure reseller, and your claims were against them.
Over the past 5 years, I've been slowly making reimbursements to users of CoinLenders and Inputs.io. Today, I'm introducing a similar program for Hashie users. I am sorry for the end result of Hashie. I have not launched anything that held custody of crypto ever since then, and I do not plan to. This is what I am doing for Hashie to try and make things right.
Thank you,
TF
Self moderationThere are a few trolls in my CoinLenders post, so I'm making this one self moderated. Only posts from users I consider trolls / disruptors will be deleted, I will not delete any other posts even if they are critical or rude, etc.
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