ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ScryptAsic]

Well with CITM throwing in the towel it seems this is most likely dead. It is a shame they could not have just shutdown in a more graceful manner. Goodnight, sweet price

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[flame1012]

AsicMiner -> Amhash Scam

[VeeMiner]

Well with CITM throwing in the towel it seems this is most likely dead. It is a shame they could not have just shutdown in a more graceful manner. Goodnight, sweet price

yeah, I'm kind of sad as well. And I'm speaking from a point of view of an investor who bought at IPO and made nice money with AM. I sold all of them a while back and I can see that it was a good decision. Even when I still kinda hoped that friedcat will once again create a great product...

[Blazed]

Well with CITM throwing in the towel it seems this is most likely dead. It is a shame they could not have just shutdown in a more graceful manner. Goodnight, sweet price

yeah, I'm kind of sad as well. And I'm speaking from a point of view of an investor who bought at IPO and made nice money with AM. I sold all of them a while back and I can see that it was a good decision. Even when I still kinda hoped that friedcat will once again create a great product...

I have been pretty negative towards AM for the last year or so, but I think they did try at least. The killer for AM was relying too much on FC for every single thing. No company can perform well that way...that is the reason you surround yourself with good people. The writing has been on the wall for a very long time, but many just refused to read it.

[Kipsy89]

Well with CITM throwing in the towel it seems this is most likely dead. It is a shame they could not have just shutdown in a more graceful manner. Goodnight, sweet price

yeah, I'm kind of sad as well. And I'm speaking from a point of view of an investor who bought at IPO and made nice money with AM. I sold all of them a while back and I can see that it was a good decision. Even when I still kinda hoped that friedcat will once again create a great product...

I have been pretty negative towards AM for the last year or so, but I think they did try at least. The killer for AM was relying too much on FC for every single thing. No company can perform well that way...that is the reason you surround yourself with good people. The writing has been on the wall for a very long time, but many just refused to read it.

I also believe that it was more incompetence or also bad luck (esp. with BE200) than a downright scam or fraud. Yet, I still like solid proof that this currently really isn't some exit strategy.

[Blazed]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

[Kipsy89]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

What is the share price going to do? Drop any further? Well, I guess at this point it's just as good as going down with the ship. It only makes sense to liquidate still if you are all in AM and have like 1000 shares or something.

[HarmonLi]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

What is the share price going to do? Drop any further? Well, I guess at this point it's just as good as going down with the ship. It only makes sense to liquidate still if you are all in AM and have like 1000 shares or something.

Yeah, as of now I don't see any reason to sell down any further. Yesterday I thought it could go down a bit, but after reconsidering, it could be a mistake to short AM right now. Don't know... Wait and see... At least enjoy the plot, if everything else already went wrong.

[hdbuck]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

What is the share price going to do? Drop any further? Well, I guess at this point it's just as good as going down with the ship. It only makes sense to liquidate still if you are all in AM and have like 1000 shares or something.

Yeah, as of now I don't see any reason to sell down any further. Yesterday I thought it could go down a bit, but after reconsidering, it could be a mistake to short AM right now. Don't know... Wait and see... At least enjoy the plot, if everything else already went wrong.

if anyone has 500+ shares to get rid off, now would be the time considering Havelock's building up order book.

[HarmonLi]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

What is the share price going to do? Drop any further? Well, I guess at this point it's just as good as going down with the ship. It only makes sense to liquidate still if you are all in AM and have like 1000 shares or something.

Yeah, as of now I don't see any reason to sell down any further. Yesterday I thought it could go down a bit, but after reconsidering, it could be a mistake to short AM right now. Don't know... Wait and see... At least enjoy the plot, if everything else already went wrong.

if anyone has 500+ shares to get rid off, now would be the time considering Havelock's building up order book.

Yeah... Definitely interesting to see the people speculating on other peoples' panic. But that's how markets work. It'd be interesting to see some really big dumps, like multiple thousand. Unfortunately no one can transfer their direct shares into Havelock at the moment

[hdbuck]

Well this board statement should be interesting, but I doubt they have any real info. I guess we will find out soon enough though.

What is the share price going to do? Drop any further? Well, I guess at this point it's just as good as going down with the ship. It only makes sense to liquidate still if you are all in AM and have like 1000 shares or something.

Yeah, as of now I don't see any reason to sell down any further. Yesterday I thought it could go down a bit, but after reconsidering, it could be a mistake to short AM right now. Don't know... Wait and see... At least enjoy the plot, if everything else already went wrong.

if anyone has 500+ shares to get rid off, now would be the time considering Havelock's building up order book.

Yeah... Definitely interesting to see the people speculating on other peoples' panic. But that's how markets work. It'd be interesting to see some really big dumps, like multiple thousand. Unfortunately no one can transfer their direct shares into Havelock at the moment

1000 shares is *still* about 13BTC

[Silverspoon]

... Unfortunately no one can transfer their direct shares into Havelock at the moment

The lark’s on the wing;
The snail’s on the thorn;
God’s in His heaven--
All’s right with the world!

[KarmaShark]

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:




http://8btc.com/thread-14566-10-1.html

[ujka]

The last post there is saying (google translated):

Not only is not found, but also more and more doubts!

[HarmonLi]

The last post there is saying (google translated):

Not only is not found, but also more and more doubts!

Yeah, that's what I got, I was just about to get my hopes up here... It really is a mess. But on the other hand... who are these people? Are they involved with FC in some way? Are they friends, colleagues, whatever?

[Cablez]

The last post there is saying (google translated):

Not only is not found, but also more and more doubts!

Yeah, that's what I got, I was just about to get my hopes up here... It really is a mess. But on the other hand... who are these people? Are they involved with FC in some way? Are they friends, colleagues, whatever?

Creditors?


I will have to say that I am slightly sore that I didn't sell out when divs stopped, that is a big tell.  Not necessarily scam but business management needed help.  Oh well.

[Phasebird]

UPDATE: the following info is literally wrote from David.Fan  （Co founder of ASICMINER）


 STATEMENT FROM DAVID.FAN

Dear customers and clients,

The last few weeks have not been easy for the company. Friedcat went missing and this caused an interruption with the business. We are slowly recovering from the loss in company leadership.

First, the company is still operating, albeit at a reduced employee count. The physical location of our new office is currently confidential to guarantee an undisturbed office environment. Our sales contact is still the same. For all other requests please contact us through our general help line (email: help@bitquan.com).

With friedcat missing, the current management of the company is carried out by David Fan temporarily. We will keep you informed of any significant changes, as we are still developing a long term solution to the current situation. We understand that many people are concerned about friedcat and his safety. We ask to not spread any misleading rumors and not pursue speculation.

Due to unforeseen events , the computational that power AMHash managed by RockMiner has become unavailable. We are sorry for the resulting damage experienced by any third parties. We are doing everything in our power to mitigate the damage.


Yours truly,
ASICMINER Management

[Jayjay04]

They should just buy back all our shares as everything unfold.
The hardware wasn't our responsability, that's all !
I mean for Amhash !

[Mabsark]

Well that was a pretty useless statement. It told us nothing we didn't already know. Also, what's the status of AM's funds and BE300?

[Chris_Sabian]

Well that was a pretty useless statement. It told us nothing we didn't already know. Also, what's the status of AM's funds and BE300?

Per Canary:

update :

1. We have lost contact with Friedcat more than 40 days, we are now still focusing on finding him.
2. A lot of evidences we have found shows that he is safe, which is the only good news recently. In addition, all rumour around the community are baseless and untrustworthy. We know so far nothing about where has he been and where is he at the moment.
3. We have to focus on finding him currently so there are indeed some delay on replying email of sale@bitquan.com. However, since we have all records of your emails so it is only a problem of time, please understand and be patient.
4. AMHASH project is not from sale team of ASICMINER, we know nothing about the deal between Friedcat and ROCKMINER, no one else has seen the contract between them either ,therefore, we sale department of ASICMINER is not be in charge of AMHASH project, please be patient to wait till we find FC.

Is the new chip in production Phasebird?  Or what is the status of that project?

hello, BE300 project is still on going with the rest of AM team as I know. however ,since AM lost FC, a lot of decisions are probabaly hard to make.

In terms of our hardware sale department,we have saved all emails and will try to re-build our bussiness team as quick as we can.

please wait the upcoming statement from the board of AM.

It is not ongoing.  The sample chips were ordered on a shared wafer last year.  However, production chips were NEVER ordered, so nothing is ongoing Phasebird.
Even if some board members finally decide to do their job, the first order of business is to get rid of Dave.  Then if they put together funds and order the chips, how many months before a working product can begin to ship? By that time it's irrelevant.  Whatever monies would be spent, would again be a complete waste.
It's over for AM.  Maybe something can be rebuilt with new real management and a proper sales team but it won't be AM anymore and would be a gamble bigger than AM.