AMHash1: Cost-Effective Mining Contract

[byt411]

Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.

[1715001957]

1715001957

[1715001957]

1715001957

[elasticband]

Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.

It basically says we are f*cked...... rockxie is as out of pocket as most and has had his bitcoin dream vanish as easy as it started all because the cat got roasted grilled baked and fried

[primeminer]

The most sensible and logical opinion put forward so far is that FC was abducted and anally probed by little green men from outer space.

don't bring putin into it

whenever you see a green man you have to do one simple thing



cross the street

[Chris_Sabian]

Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.

It basically says we are f*cked...... rockxie is as out of pocket as most and has had his bitcoin dream vanish as easy as it started all because the cat got roasted grilled baked and fried

Yep.

[flyingplows]

btw guys  
what can we expect the cat could say if he showed up ?
say that he had a second thought and he will not steal our money except for the part he already spent on hookers or like to declare that he is an ice-king, because ice-queen is already taken by his hashrate reseller hashie.co (a scam within a scam)
maybe he just doesn't like to laugh at his victims and tell us that he is spending our money on holidays and we can go all fuck ourselves.  

[l3sny]

he would say that their drams were shattered, nobody could predict that, the company needs to be rebuilt an that it will have to take time.
I do not think we will hear anything other than personal grievances about this and that. Basically it shows these people had no moral fibre and are nothing but losers. This is my opinion.

[flame1012]

http://www.cybtc.org/article-75-1.html

UPDATE: the following info is literally wrote from David.Fan  （Co founder of ASICMINER）
    
    In the start of 2015, bitcoins are not going well. Bter and KipCoin had been stolen, there is no processing scheme until now.Years later, the Friedcat lost again, complicated plot.

    Friedcat is one of the myths of bitcoin world in China .It  used  to monopolize  30% of the whole network power.the  stock of Friedcat is highly recommended by a Genius in the network, he claimed that :you can purchase the stock arbitrarily when the price below 7 BTC .Though, The stock seems to be was a real lie, but  it can prove Friedcat is very hot the  from one side. The whole story:

    (1) On October 24th, 2014: Friedcat released the cost-effective mining contract.:work force provided by the  Friedcat, sales and management is in charged by RockMiner . The sales website is HavelockInvestments.Details are in the cost-effective mining contrac  ".

    (2) On February 28th, 2015: The platform of Friedcat-AMHash posted an announcement on its official BBS account -bitcointalk.org.It announced to stop share out bonus, because they are not received the BTC which is paid by Friedcat.

    (3) March 2, 2015: AMHash announced that s: from the beginning on December 25, 2014, a 3.546 P mine of Friedcat had been taken .And they has not received any information about the new deployment of work force  which is commitment by Friedcat.

    (4) On March 3, 2015:The principal of  RockMiner crazy XIAO QIANG public an announcement in weibo, Friedcat lost since January 25, the family has been reported.Specific reason is not clear,  some people guess 60% comes from private affairs, 40% of business pressure.All problems need to be seen, because the other people has no money in hand.

    (5) On the same day, Dongsheng Zhao claimed that he had get in touch with  the Huaian mine and get a reply  that Friedcat is fine. It will send  an announcement a few days. later

    (6) On March 4, 2015: The office of Friedcat in Shenzhen was emptied.The officer explained that the partnership team  is moving, burt the production continues to run.

    (7) On March 8, 2015: crazy XIAO QIANG released the details of AMHash , including the negotiation inthe beginning of the project . as well as the payment to Friedcat when the projects is running.

Event Analysis

    The core of event is the lost of Friedcat.There are two things: one is the personal freedom of Friedcat is restricted, he can't get in touch with the outside world.Another kind is He didn't want to be found. Which one dose the event belong to?

    Most people guessthe personal freedom of Friedcat is limited .the 3.546 P mine has been robbed.Friedcat talked with the opposite side .This seems to be reasonable.But it is hard to imagine that he will not contact with his family during the Spring Festival.

    Rumors that Friedcat turn out  20000 BTC on March 3.This is seems to be the ransom money.Things become more complicated now.
However, through the analysis, we found that the Rapt is unlikely.

    (1)The sales team of Friedcat claims that he is safe.


    (2)Crazy XIAO QIANG public an announcement in weibo, used the second person "you" directly .When a man is unsafe, warning is meaningless.So, we can also infer that Friedcat should be safe.

    (3)Dongsheng Zhao claimed that he had get in touch with  the Huaian mine and get a reply  that Friedcat is fine.

    (4)Friedcat turn out  20000 BTC on March 3.Would it be possible that others mastered his private key ?If this is the case, why he did not transfer all the money in one time, there is no need to send and receive dozens of times one day.So, Friedcat himself is still in very active with currency trading.If he cut off from the outside world why he kept issuing to others?

    Above all, the personal safety of Friedcat is not so bad.No matter where he is, we have reason to believe that he can contact with others, but he doesn't want to be found.Maybe he met some difficult things, but in any case, playing disappear games is not a solution to the problem.


Translator:    Warm Kitty
Article Link：http://www.cybtc.com/article-1671-1.html

[Mabsark]

So, no new info, just badly translated Chinese of what we already know.

[elasticband]

So, no new info, just badly translated Chinese of what we already know.

I'm kind of getting use to it,

what happened to the board member who flew out and was on the site, what was the name, who was it? any info from them?

[JasherEnoch]

So, no new info, just badly translated Chinese of what we already know.

I'm kind of getting use to it,

what happened to the board member who flew out and was on the site, what was the name, who was it? any info from them?

So it sounds like we are still no closer to getting any real info. We just have to be patient and hope they find the cat and hope he is not completely fried. Well this just sucks. And Havelock will not open any trading of AMHash until they hear from them or receive some kind of dividend payment for us shareholders. I think they (HL) should at least let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares. And then they can take it up with AMHash later.

But I guess that is just wishful thinking which gets us no where fast.

[suchmoon]

let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares

That's like three contradictions in half a sentence.

Nobody would buy it. Well, there could be some opportunistic crazies that would maybe pay a few satoshis.

[ajw7989]

let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares

That's like three contradictions in half a sentence.

Nobody would buy it. Well, there could be some opportunistic crazies that would maybe pay a few satoshis.

There is always a more gullible sucker I am sure people will buy but for a lot lower.

[skuser]

let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares

That's like three contradictions in half a sentence.

Nobody would buy it. Well, there could be some opportunistic crazies that would maybe pay a few satoshis.

Don't underestimate greed factor. LTCGear's shares are still being sold for abouth 1/10 initial value, CEX.IO is still being traded at 0.7 BTC/THs regardless it represents no real hashrate. Their value is perceived as lottery tickets in what if miracle happened scenario

[byt411]

First part of translation:

After so much time, we finally have an announcement. However, the disappointing part is that there is no good information, especially about AMHash, since a lot of information was misleading, making people believe that this project was RockMiner's. I am disappointed, and I am going to clarify for the last time.

The following truth is told at a stranger/spectator/3rd party's point of view. If there is anything fake, I will assume all responsibilities caused by the incorrect information.

AMHash is a project where AsicMiner entrusted RockMiner to be in charge of marketing and selling, and customer support. RockMiner was responsible to sell hashpower operated by AsicMiner in Jiangsu, China. Before the AMHash project began, RockMiner had already suffered losses. We did not have a lot of money left (600+ BTC). We refused to use it improperly, because it was proven that the more machines using the BE200 chips we manufactured, the more losses we had.

The start of AMHash:

Around November 2014, the price of Bitcoin was low, and the competition in the manufacturing of ASICS was speeding and heating up. Manufacturers could not complete their sales project properly, and the manufacturing profit was at an all-time low. From previous experiences, there are 2 ways to clear up the stock quickly: To sell them or to use them ourselves. But due to the switch to large-scale and industrialized mining, the reality is a combination of the 2 methods previously stated: For the manufacturer to set it up themselves, and then sell the hashpower to customers; this way, the stock can be cleared, the cost can be earnt back + a little more, and a bit of maintenance fee.

Tips are appreciated: 1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyU

[l3sny]

Those people are really asking for some criminal charges. Shifting blame and lying. Over and over again....

[jimmothy]

Those people are really asking for some criminal charges. Shifting blame and lying. Over and over again....

How was the blame shifted and when did they lie? AM was always in control of the hashrate and most people knew this.

It seems you're just one of the handful of wannabe investors who did zero research and knew nothing about the offering you were investing in.

[flame1012]

Those people are really asking for some criminal charges. Shifting blame and lying. Over and over again....

How was the blame shifted and when did they lie? AM was always in control of the hashrate and most people knew this.

It seems you're just one of the handful of wannabe investors who did zero research and knew nothing about the offering you were investing in.

How do yo expect people with 50gh-100ghs shares to do a comprehensive investigation.
Most of them including me, are not large scale professional investors, we are regular people with hope to have some positive financial change in our lifes.

How is even a serious investor supposed to know that FriedCat was the only one in charge and had 100% control over the income/money.

The Amhash option was not the most attractive one (LTC gear was) but it was operated by a well known ASIC manufacturer.
They could prove the hashrate etc. so we trusted them and invested our tiny capitals, not suitable for real investment in another world.

The only thing we could do is being a paranoid and not investing in anything ever.
We are wannabee investors, do we deserve to be scammed?

[flame1012]

First part of translation:

Tips are appreciated: 1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyU

Thank you very much for the translation bro.

PPL please donate him some if u can.

[galdur]

I guess some of those wannabe investors took seriously the "research" of some random anon wannabe saviors of people from themselves.

[jfieschi]

Real identity behind ASICMINER: 深圳市比特泉信息科技有限公司 and David Fan: 范大威 （Co founder of ASICMINER)

Do a Google search for:  深圳市比特泉信息科技有限公司 , and you will find a lot information to take a legal and/or illegal action against this gang of thieves.

Original Chinese:    http://www.idigest.com.cn/cn/2013-12/25/content_6567070.htm

Google Translate:   https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.idigest.com.cn%2Fcn%2F2013-12%2F25%2Fcontent_6567070.htm&edit-text=&authuser=0



 

Original Chinese: http://www.ganji.com/gongsi/28275301/




Warning to: AMHash, ASICMINER, ROCKMINER.
Is better to make a settlement to buy back the hashes  .

NEED I SAY MORE ?