canth
Legendary
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Activity: 1442
Merit: 1001
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August 21, 2013, 12:24:22 PM |
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From Google Translate -please don't take this as 100% accurate:
"Ladies and gentlemen, Hello everybody,
First of all to thank you for your attention and support MYMINER project.
In the past few months, our team at MYMINER spent too much on top of effort and hard work. Later IPO success, so
We saw everyone on this project concerns and expectations, our team also redouble our efforts to advance the project. From our feed
Annual Report, you can see some of our work, the results of the line we have no more publicly display, will be mentioned later.
Recently, however, some of the negative impact to the project caused a lot of obstruction. Our team is doing all efforts, trying to overcome the problem
To promote the results of the project. Positive attitude, originally we planned at a later time inside, and other issues can have a definite
Of the program, and then report you. But nearly two days of soaring prices bitcoin, bitcoins stocks plunge, let us make up
Determination, early to tell everyone, we are now on the latest situation in order to let everyone in the fierce market changes, the make their own early
Selection.
First of all, we talk about the recent encounter two major disadvantages.
1, it is well known reasons, BTCGarden canceled IPO.
We are very sorry to see the garden this event occurs, although we have to be prepared before, but it still caused us
A great impact. Although MYMINER project leader abroad through offshore companies operate the project, to raise funds for the ratio
Special coins, you can maximize the time in the garden to fight the impact of the risk, but our domestic technology team members still in government
Among the risk policy. Once they are affected, the whole project will not work correctly.
2, ASIC chip supply delay
Back in April we had buy Avalon ASIC chips in May and June each book 10000 Avalon ASIC chip,
For the project's initial operation reserve well in advance. Chip booking later, we go all the technical team, as early as July 15 before
K16 has completed the development of the mining machine is the first to complete the development of foreign two teams. After our team nonstop
Completed a matching heat sinks, fans, chassis design and procurement from abroad all the peripheral chips, a listed company with domestic
Mining machine processing contract signed, everything is ready, only to produce high quality K16 solution mining machine. But Avalon ASIC infinite
Postponed, so we are very passive situation, the smooth progress of the project overshadowed.
Talk about the face of these two adverse factors, we make the effort.
1, the domestic technical team members have been under strong political pressure, had to admit that so far we still do not find
To a good solution.
2, in order to meet current and ASIC chip that may arise after delivery delay, supply manipulation, price manipulation and other unfavorable due
Factors, we decided to develop its own ASIC chip, which is what we have mentioned Plan B. We have 11 years of absorbing a
Experience in ASIC design engineer, and a part-time front-end ASIC design staff, a part-time back-end ASIC designers to join our
Team. In ASIC professionals and other team members of unremitting efforts, we have finally completed the design and simulation through our
ASIC chip prototypes. According to the original plan, we can finish in two weeks time chip Layout design, then 0.11um
Chip production.
Finally, talk about our current state.
Since the first one disadvantage we still do not a good solution, put the chip Plan B is now suspended. If the problem is a
Straight unresolved, we will implement Plan C: Cancel IPO, the issue price repurchase stock. Plan C will allow us to suffer losses
Heavy program. We raise funds to bitcoins later, we will convert half of bitcoins RMB, plans to expand production
, Procurement peripheral devices, deployment room. Since Bitcoin prices have jumped nearly 20 percent, if this plan is implemented, we will therefore
Loss of nearly 100,000 yuan for recovering bitcoins.
This is our latest case, advertising that has new progress, we will notify you.
MYMINER Groups Team.
August 19, 2013"
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