update
The 3.546PH AMHash's hashrates have disappeared since 25th Dec 2014. We found this problem two days later,we asked friedcat,he said it was mining farm's maintenance issues,hashrates would come back soon.But one week later,hashrates didn't come back yet.When we asked FC again, we were told that all mining devices were robbed by the partner of the mining farm.And all hashrates were out of control.
After then, FC told us that hashrates from new mining farms will be deployed, but we didn't know the amount at that time.Right now, we still don't receive any update from those new hashrates.
AMHash Team
So this was hidden just to make more money? Oh my...what a huge mess.
Not quite. AMHash hasn't sold any contracts since around Christmas and even if they had that still wouldn't be a problem as AM could probably replace 5 PH/s pretty easily.
Where is AM exactly? Where are the 5PH/s and who will pay for them? Why make AM shareholders suffer for AMHash loss?
As for this news though, what the fuck is up with Chinese people and their complete lack of the concept of communication? ASICMiner, AMHash, Rockxie and Friedcat deserve to be punished for trying to hide shit like this, especially after people complaining all last year about their utterly pathetic communications and their promises to do better.
This should be done last year when FC missed the financial statements and after he promised twice that he will hire a PR guy.
5 Ph/s isn't that much for a manufacturer, for example, AM produced 60 Ph/s of BE200 last May according to FC. They also had trouble selling that hash power so nobody should really be surprised they could replace it.
Producing chips isn't equal to producing miners. Miners cost money to produce. Money which AM doesn't have. In order to replace the 5PH AM needs to spend money on all the other components that are required for miners. Besides miners a building with the required power cabling is required. That also costs money...
if amash terminates, they could still stick to their ipo terms of rebuying shares at ipo price - %.
Do you really think that they have the money to rebuy shares at ipo price? After they kept hidden the missing 3PH since December? Wake up!
