They have already failed at handling this properly by not disclosing this asap.

Only a handful were stupid enough to fall for this scam in the first place. They are paying out  less than 1 BTC per week. How many petahash does that represent in your  universe?


Yawn. You think Im also paid by Cryptx, KNC,  Ghash.io and Antminer, who happened to receive the same rating?
Besides,  why would I need friedcat's money, apparently Im making a fortune from extorting over 14 legitimate mining companies to pay me all their mining revenue.

I just shot a video to prove the legitimacy of My Masters Cub Mighty Mining Mine . Be sure to watch in HD:
https://www.youtube.com/watch?v=X5Gl2R-KGL4

Only substantial difference between the above video and the one from BCS is that the above video is based on a photo, and one from an existing mine, not a 3D render.
Oh and the sound is from a Cessna, I think BCS used a jetliner.

You can see it all in AMs 15Q1 financial report.
Oh wait..
14Q4 maybe ?
oh well, Im sure they released one some time .

Trolling aside, AMhash revenue is just that, revenue, it was not profit. Along with the revenue came a liability to pay out mining dividends. Profit margins couldnt have been very high, especially not on the hardware.  AMhash also only sold what, 1/3 of the 5PH ?If all the 5PH was stolen, its a given the AM1 IPO's can not possibly cover such a loss, or even come close. The money will have to come from somewhere else, either AM reserves that no one knows exist or from future profits from 28nm chip sales.

Yes, it has collapsed, no one sane is gonna buy any more, even you arent.
They are still paying out dust, much like PBmining, that doesnt mean it hasnt run its course.

As for the only investment I ever promoted: its doing just fine. Cold wallets tend to do that.

Depends who you consider owned the equipment. Without seeing carefully worded contracts, you could probably argue it belonged to AM, Amhash or anyone who bought the contracts.

I would like to see some pictures of the empty warehouse and police reports before taking this story at face value however. How many PH can you fit in a truck?

about 10BTC per day, which would represent ~500TH, not 5PH.

So you didnt even come close to achieving break-even.  And you never will.

1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh received 2 large payments well after the "farm was stolen", though its origin is unclear.
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6 is still receiving relatively small amounts from ghash.

Either way, its totally unacceptable that AM and AMhash didnt make this public when it happened, if indeed it even happened.

Anyone remember where amhash posted their mining addresses? Id like to see those stats

Independent sites dont earn their revenue from referral links.
As for your ROI; so what, early pbmining customers also made a profit.
Tell me, are you reinvesting your payouts ?

I fail to see what selling a few $10 chairs, some laptop stands and one, by their account, pretty much unused lab device proves.
If thats a liquidation, Im liquidating every month.

So are you reinvesting all your 'profits' in to more BCS hashrate ?
If you do: lol! Mortgage your house and send them that too please.
If you dont: its because you know what everyone with a brain knows by now.

Ponzi's almost always pay out through coinmixers, so you cant in any meaningful way trace the transactions back to their origins. Of course thats a huge red flag by itself, but to be fair,  there are valid reasons why a company would not pay directly from mined coins, like when paying dividends through intermediaries, if they use external pools etc.

Anyway, there is a reason the number one criteria is a public mining address, but there are also reasons for the other criteria.

$20 floor. Is it Monday yet ?

Given the first line, ",we are trying to communication with ASICMINER for this issue", I say they havent been able to talk to FC, otherwise they should have something more tangible to say on when, what or why.

Im not gonna pretend having any clue as to whats going on, but to me any plausible theory would have to explain havelock's suspension too. Something like friedcat selling the company and there being discussions about the impact on shareholder structure or the legality of that construction.

As for Dhenson, I remember him mostly from Cryptx petamine that he claimed he kept buying while it began crumbling,  while calling everyone that did first grade math a paid troll.  But soon after he had actually finished unloading his boatload of shares, so when he says its not beyond him to profit from blah blah, he probably means its not beyond him to lie through his teeth to get a better price for his shares.

As did just about every ponzi in bitcoin history. Until they no longer did.

And that looks like a legit video to you, instead of panning the very same picture (likely 3D rendering) they published earlier? Can you not see that nothing moves, no fans spin, no reflection shimmering of the metal fan grates, no nothing except a far too smooth panning motion that no one could pull off? Can you not tell the perspective isnt changing ? Can you not tell the blurriness of the 720p 'video' is because they zoom in on the very same bitmap ? They couldnt even be bothered to re-render the scene as an animation.

Common.

Ill grant the picture could be deceiving and I for one wasnt 100% sure it was a fake, but if I had any doubts about it, that video for sure took it away. Fake as fake can be.

I dont think anyone questions its a ponzi. Have you seen the subforum this is posted in?
Running a ponzi for a year with those %'s would be mildly impressive though. Impressive evidence of endless stupidity of bitcoin "investors". But that hasnt happened.
And even if it had, it would probably scare away even the most hardheaded ponzi pushers rather than attract them.  If you want to attract that crowd, you have to pretend being a new ponzi, not an old ponzi. Rookie mistake