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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914126 times)
hdbuck
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October 23, 2014, 12:34:14 PM
 #23821

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh
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sngwinner
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October 23, 2014, 12:45:41 PM
 #23822

And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:

There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing.

All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points:

Quote
In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI.  I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.

- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication.
- How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication.
- 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication.
- Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication.

Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost 98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys.

If you have to ask why the shares are worth nothing, realize that this company has:

- no communication
- no dividends
- no credibility

Whether this is FUD or not, it's nice to see someone that doesn't come in here and spout positive shit out of their ass to try to justify FriedCats actions. The situation with AM has gotten extremely bad. Much worse than before. Fried Cat or a board member should address our concerns. Honestly if a board member just dropped in and said I've had contact with FC in the last week and things are progressing I would be happy. But the investors aren't even worth FC spending a second to update.

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xhomerx10
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October 23, 2014, 01:10:27 PM
 #23823

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

 "Are there any people in here from mainland China" would be more appropriate.


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October 23, 2014, 01:10:39 PM
 #23824

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

It would not be a problem to FC, don't forget he is smart enough to design amazing miners.
Cross the wall set by Chinese government is not difficult, I'm in China also.
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October 23, 2014, 01:12:57 PM
 #23825

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903
sngwinner
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October 23, 2014, 01:27:52 PM
 #23826

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.

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October 23, 2014, 01:35:12 PM
 #23827

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.
He is not a PR guy, but a 'sales' guy. He pointed that out in the past.
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October 23, 2014, 01:47:23 PM
 #23828

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903


uh, you linked and quoted the exact same thing he did...
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October 23, 2014, 03:21:10 PM
 #23829

Ok, the Pr guy can't log in often and I understand posting in the sales thread but why not swing by here to give an update that would take 1-2 minutes.
He is not a PR guy, but a 'sales' guy. He pointed that out in the past.

Well maybe he will pass on to Fried Cat that we would appreciate an update. I'm tempted to email him at the adress provided to see if someone will respond.

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October 23, 2014, 03:41:14 PM
 #23830

are there anymore chinese people in here Huh
perhaps this is the reason:
Quote
bitcointalk has been totally blocked by china internet so i cannot login very often

https://bitcointalk.org/index.php?topic=791827.msg9301903#msg9301903


Lol, he was last logged in on the 8th, has posted multiple times in other threads, he runs a Bitcoin business and is familiar with basics like proxies and TOR, but... can't pass on a message to the people who have funded his business?
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October 23, 2014, 04:34:39 PM
 #23831

Guess AM's going the PETA route-

http://amhash.com/

https://www.havelockinvestments.com/fund.php?symbol=AMHash1
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October 23, 2014, 04:46:09 PM
 #23832


Wow, finally a decent looking website.
I wonder what this means for shareholders...
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October 23, 2014, 04:46:57 PM
 #23833


Not a very good deal for the buyer... 1.25BTC For 1TH plus fees = 0 chance of a positive ROI.
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October 23, 2014, 04:49:36 PM
 #23834

http://instagram.com/asicminerhash


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Ferrum Network • Interoperability Network for Financial Applications
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October 23, 2014, 04:54:00 PM
 #23835


Wtf i surely hope AM regular shareholders would get their cut from the HW they wont benefit from.
Kinda franchisee op maybe?
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October 23, 2014, 04:54:45 PM
 #23836


Not a very good deal for the buyer... 1.25BTC For 1TH plus fees = 0 chance of a positive ROI.

The question is...is there a better deal offered anywhere else?

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October 23, 2014, 04:56:13 PM
 #23837


Is this even AM?

Homo doctus is se semper divitias habet
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October 23, 2014, 04:59:44 PM
 #23838

I assume this would be very good for investors..price wise compared to other cloud mining it is good.
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October 23, 2014, 05:01:06 PM
 #23839

At the top of the page, "Forum Link" is a dead link.

At least we now know that at some point, someone from Asicminer plans to say something on the forum.


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October 23, 2014, 05:02:18 PM
 #23840


It clearly states Asicminer and Rockminer...
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