Nah, It's all good      / Pet peeve.    Never good at joining pity parties

Ok.


Yes. - Current industry.


Yes. - I started mining with FPGAs... Do you know what that acronym even means?  See above.

Market conditions?   Oh, you mean Bitfury, SP, Bitmain... (Quality competitors)  Or hashrate/difficulty?  (Currently at 329,448,950 GH/s & Diff Approx 46,717,549,600).

Or How cheap can I steal my electricity?  

You got me there, I can't... But I doubt other legitimate mines do either.. and they remain competitive.


Yes..    Cooling and electricity aside, i'm all running short on chicken farms and skyrise condos, though I do have a few Cisco's kicking around here somewhere.


No, and Neither do you.   I'm sure you read the same financials that everyone has.

So please.. Contribute positively, or Shut the FUCK up... ( "Go eat a bag of dicks", or whatever it is you kids say these days.)  

Uh huh.. Rather than call 'nonsense' try critical thinking:
 
Asicminer needs to either close up shop now, or use their resources.. they've apparently chosen the latter.  Whether divs will ever again  be paid to the holdrrs isnt what I asked.

They have enough BE200 chips left of the 60PH or a few thousand devices.  They should put them to use and save the company...the chips are still competitive for a manufacturer to use...  either that or give them away and close the doors.   

Calling exit scam on Friedcat doesnt make sense...  neither does letting the 45nm maskmsit gathering dust. ...and Ponzi on AM shareholders isnt possible either....   You cant just get an account at TMSC by knocking on the door...you have to pass scrutiny and have a real world presence.

Yes AMHash is fucked, but AM as a company could still be worth a few $ to someone who wants to enter the bitcoin space in china or elsewhere... They really dont have that many liabilities on the books. And a competitive chip Design ready to roll.

Why cant they setup a new farm with remaining chips and use it to refund themselves?

Seriously, the 28nm chip is nice, but they have a proven design and plans for the 45nm and chips in stock..   They should get as many devices running as possible while they can.. If BTC hasn't dramatically risen by the halving the 28nm isnt worth running let alone making.   If it does skyrockaet the  AM can use BTC Earned currently, skip the 28nm and go to 20 directly.  The future is to uncertain for any company right now to create a new mask..   using current resources might be the best choice..

 
  REALITY CHECK - Food for thought.

 Easy quick question that perhaps the Board, or AMHash could answer:

  My understanding is that there were initially 5PH of Miners,  selling 1 PH at a time..   (the actual selling varies a bit in the amounts/timing) ..
  This was done for two reasons.. 1) To prove a stable board/component design with the BE300 in mind..    2) To help fund BE300 rollout costs.

  Where were the miners pointing?   My guess is initially (5PH) to an AM wallet, with other parties hired to manage/run the physical farm... At the end of each difficulty period, regardless of the amount of block found, a amount of 'dividends' plus fee for managing it where transferred to the 'managing entity'... who then dispersed the funds to the 'investors' of AMHASH... either via havelock, or other parties.

   My Belief:   Friedcat was using this as an opportunity to fund the BE300 chip costs, and eventually saving running expenses by redeploying BE300 Miners into the same environment.

   My Question:  With the millions gained from the AMHASH farm, (with or without electrical costs), Why hasn't anyone traced it?  either To/From Havelock, or To/From AM & Mining managers?  IS IT MULTISIG?
  
   2nd Question: If Friedcat is as intelligent and honourable as he has shown in the past 3 Years by his actions and posts,  what if he was travelling and is in a hospital somewhere as a John Doe?

   What would happen to the share prices if he resurfaced, with a legitimate story, funded the chip and continued onward?

  Hell of a gamble, but really ...  after you all lost so much, might as well scoop up whats left for pennies on the 'what if'..

  After all..   With no funds and no future... WHY IS DAVID CONTINUING TO KEEP AN OFFICE AND EMPLOYEES AROUND?

  Yeah.. scam of course...  only 1/10 of the shares are on Havelock..  David has a bigger interest as a partial Bitfountain partner..   So WHAT IS REALLY GOING ON?

  


  

Phrased differently, at what point did the board members all start to dump their shares?    Lots of constant imports since December to Havelock...   If the board was aware that there was no money to place a BE300 order, why even bother with sample chips... and did they use the information to dump discretely?

My guess is that Bitfountain had no need to 'dump shares' as they already controlled the wallets per se..    Did any board members have the opportunity to bail before Friedcats disappearance became 'Public' information?

Yeah, I read this as more of a "Tongue in Cheek" comment.. "Hey little kid, you're bothering me... can I just pay you to go way... you're getting annoying."..    Not any admission of guilt.. Hell, i would have probably done the same... had I not already lost it all in AM shares

Meh... True... unless you hold the purse-strings, and decide to say "Fuck it.. I'm only paying myself.." or new shareholders brought onboard.

Why dilute when you can just erase?    

(Opens excel spreadsheet, highlights shareholder bitcoin addy entries... presses delete..  Presses Save.")

(Open - New File..> Now offering 1/3 of our new company to new investors....   Bitfountain's shares stay intact/transferred..)

Done.

Alternate scenerio:  Chip samples confirmed, all thats lacking is funds..  I'm sure that aside from  bitfountain assets/shares (2/3 of AM), that friedcat and David both made some good coin out of AM, sitting somewhere safe.  -- the IP is ready to turn into wafers, and the costs were known and planned for already. .. where is that coin hiding?   I have a hard time believing they are bankrupt...but i would believe a muti-sig wallet currently inaccessible.  

Keep in mind that the current gen chip masks are still good, and the current inventory is unknown... If AM resolves its issues and self-mines with current chips, the only real ongoing cost is electricity..  They could still slowly self-fund a revival...  Just dont expect divs soon.  Then again, most companies don't pay divs in the real world anyway.

 I'd like him to clairify and state it for the record BEFORE the 'AM Board' meeting that phazebird hinted was coming soon.

 This thread basically blew up due to his statements, and I'd like him to stand up and make some kind of iron clad statement as to where he got his information...
 
  I'm not questioning his integrity, after all..his solid reputation is why we all took this as fact... 

I may have missed it CanaryInTheMine, but did you say where you got that information, or how it could be verified?     Unless somebody at AM higher-up leaked information to you, I have to consider it suspect... as up until mid Feb, everyone thought chips were ordered, and due for arrival.

Was Friedcat personally handling the order to the fab, packaging, etc... and his disappearance meant he couldn't place an order?

Agreed, but it doesn't hurt to point out that there are over 30,000+ shares of AM1 on havelock right now, and ONLY a total of 2,000 up for sale currently.

And no word from any major shareholders.

 ..  and if you go back through the thread a few hundred pages, most of the voices you see now are basically new to this thread.

So, I'm not saying that everything is fine, just that perspective counts.... never discount manipulation, or that Friedcat moved locations due to reasons outside of our knowledge.....  Who knows, maybe he's drunk in an alley, got eaten by a shark, or is currently out getting laid to celebrate Gen 4...  

 If you're a gambler hit BUY... if not, hit SELL.        This thread is full of WAY to much drama.

 Edit:  Yes... Sharks are still with in the realm of possibility...after all, this is bitcoin.  
 
 http://www.cms.int/sharks/fr/country/mongolia

To be more specific, the entire ask orderbook on havelock is under 2000 shares total, of the 33,400+ outstanding..

In other words, recent volume may be 'high', but hardly representative of what 'major' shareholders would consider a 'dump' so much as 'cheap shares'.

Soon, I can throw 5 BTC at this, and say I was a board member on what was one of the first great ASIC manufactures in the bitcoin era.. 

  Great on a resume...  maybe wallpaper my cubicle with some printed 'shares' ..  give away BlockErupter keychain..  sell the movie rights..  lots of potential still!

Hmm..  After a quick read through here I realize that Friedcat probably got tired of reading the trolls, said fuck it, took his cash/coin and settled down for a nice cup of tea in  some backwater town with no internet, Asic, or whining little children.... maybe found a girlfriend or got a haircut...  can't say I blame him.

Hey guys.. while the FUD is being slung around, here is something to think about:  Didnt Havelock Investments originally have ties to Cavirtex, before it was sold/relocated to Panama?..  The same Cavirtex that is shutting down because the old hashes from an old database were compromised..incluudincludingding   Want to bet the havelock system ran the same system?

Honestly, if there was even a small chance of cross-over contamination, I would have taken it offline for a security update/audit, for the better good..and fix the issues, cranky FUD people or not.

... Or...your shares are gone.

Happy Trading!

FTFY  

Heads's up for anyone interested,  CNN's Morgan Sperlock's special on bitcoin starts at 9pm EST, .. in approx 2 hrs from now.

I think it's fine.