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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897076 times)
Blazed
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March 11, 2015, 08:16:14 PM
 #25941

Took them a year to finally admit that this is dead  Roll Eyes  Who would be crazy enough to invest back into this disaster..they were a one hit wonder. Sorry for every ones losses...just hodl those coins stop investing in these unregulated entities.
original investors made 5-6x what they invested- so for them that's 500% return. just everyone after them kind of lost out

I know, but so many people been shilling for them long after gen 1. I am sure a lot bought in @ silly prices and now lost big time.
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Kipsy89
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March 11, 2015, 08:17:45 PM
 #25942

Jutarul etc

how is dave involved in all this? why has he bailed? does he have anything to do in FC's disappearance?
who holds all the financials in this company? FC? any money left? any orders at all for mass production that were ordered before FC disappeared.
has dave abandoned AM and "closed it down", anyone else have a leadership role besides FC and Dave? anyone who can take the reigns and be a leader for the time being
there are too many things that don't make sense for those that don't understand the internal structure or working of AM.
is the assumption that even if FC is found the company is toast? and seriously, how can a company with so many employees just collapse and not be able to continue with their leader missing. Any statement from the kidnappers yet?

Chinese AM holders, please help everyone out

Dave is still at AM, man... He co-founded AM together with friedcat. They weren't getting along too well, apparently. And now FC is gone, only Dave is left and a lot of people don't think that he's a good choice as AM's leader.

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March 11, 2015, 08:32:06 PM
 #25943

...Any statement from the kidnappers yet?
...

Not yet, but my crew, The Bloodhound Gang, is already putting names to faces...

The information form china's bitcoin community, it seems that friedcat's family are looking for him.
it's about friedcat's safety.


The pieces are starting to fall into place, one Mongolian pirate kidnapper (the one on house right of cross-dressing d00d) d0xxed by my crew:





Almost too easy...
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March 11, 2015, 09:42:07 PM
Last edit: March 11, 2015, 10:01:28 PM by freedomno1
 #25944

Let me break the silence

Thanks Jutarul, I'm glad someone broke it and provided some information from the perspective of a board member.
It makes sense without any first hand information there is no way to tell what is going on.
The situation with Rockminer AMHASH a missing farm and finally a missing CEO would catch anyone off guard

This crisis won't be solved overnight. If a solution is reached it's likely gonna be a 2 year plan or some form of agreeable settlement. I hope I didn't shock anybody with this assessment.

If anything, I think more people would be shocked that there is even a discussion of a possible long term plan given the lack of information, on the operator asset and owners but if there was that would be great news at this point in time, lawsuits are a pain if negotiation does work.

Regarding the shareholding. It has been of a lower priority. For everyone who is holding shares and has traded recently, please preserve the full trail up to the last checkpoint, which means the cryptographic signatures which are used to authorize reassignment of shares. If traded unsafely, there is no guarantee that the ownership can be confirmed. Beware of double spending vectors in OTC transactions and use escrow if possible.

True without Friedcat responding to PM's share selling is effectively on a trade halt until this is resolved only havelock shares can be considered mobile good call for those who don't notice these sort of things and want to buy direct.

Thanks for taking the time to answer and compose a message that gives a real status update on what is going on
Free

Addin


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


Also good to hear their is a human behind AM's face now
Seeing how phasebird posted this
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March 11, 2015, 10:40:48 PM
 #25945

One little detail though - FC was always conflicted which information to release to the board and which not - especially since some of the board members have a conflict of interest because they are working for the competition. As such we covered mostly the baseline of sticking to financial statements as required by law.

Not that it makes much difference now, but why allow conflicted board members? They should have either resigned from the board or stopped working for the competition.

Lack of governance has killed AM; the writing was on the wall about that a long time ago. Friedcat was left with too much to do.

I don't like signature campaigns.
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March 11, 2015, 10:49:55 PM
 #25946

They got no insurance (Which is pretty cheap), they deny responsibility(because they probably stole electricity and got caught), they want us to compromise(Give up our rights to some extend) and give them 2 years to fix things Smiley

What a hell of a deal.

PS: Seems like there are no real companies in China.

> ALL cloudmining companies are SCAM <
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March 11, 2015, 11:28:08 PM
 #25947

AM won me - and lost me - riches beyond my wildest dreams. It's been beautiful  Cry

TRADE FOREX, STOCKS AND COMMODITIES without the paperwork with Bitcoin: https://1broker.com/m/r.php?i=3589

1BROKER has been around since 2012 and is going strong
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March 11, 2015, 11:30:37 PM
 #25948

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.
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March 11, 2015, 11:32:43 PM
 #25949

They got no insurance (Which is pretty cheap), they deny responsibility(because they probably stole electricity and got caught), they want us to compromise(Give up our rights to some extend) and give them 2 years to fix things Smiley

What a hell of a deal.

PS: Seems like there are no real companies in China.

What happened to the equipment? Was it just blatantly stolen? I mean we are talking several 18-wheelers worth of hardware, not exactly something you can pocket and sneak out with.
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March 11, 2015, 11:42:21 PM
 #25950


We believe that it's taken(impounded) by the police and FC arrested.

> ALL cloudmining companies are SCAM <
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March 11, 2015, 11:51:50 PM
 #25951


We believe that it's taken(impounded) by the police and FC arrested.


Well I'll be darned.
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March 11, 2015, 11:54:37 PM
 #25952

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

It would still be fairly expensive even at 0.013 5000 shares is 65 BTC
@ 300 USD = $19,500

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

It was a nice dream while it lasted, with a honeymoon period and then a slow then steady decline
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March 12, 2015, 12:02:29 AM
 #25953

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

It would still be fairly expensive even at 0.013 5000 shares is 65 BTC
@ 300 USD = $19,500


not if that is to be 'the new-emblematic-investor' who woudnt obviously mind such cheap buy in.

we're talking industry here ^^

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March 12, 2015, 12:08:31 AM
 #25954

Best case scenario: they get investors with fresh money, giving them a priority deal - diluting current shareholder's stake worse than 1:1 on new capital.

Worst case and seemingly most likely scenario: game over, AM is worth zero and any money made from the IP/assets won't make it to the shareholders.

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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March 12, 2015, 12:17:47 AM
 #25955

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

I had the same frickin' thought today, but instead picked up a couple hundred shares of AAPL instead.
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March 12, 2015, 12:21:21 AM
 #25956

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

I had the same frickin' thought today, but instead picked up a couple hundred shares of AAPL instead.

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March 12, 2015, 12:29:39 AM
Last edit: March 12, 2015, 12:47:02 AM by Fordee
 #25957

Alternate scenerio:  Chip samples confirmed, all thats lacking is funds..  I'm sure that aside from  bitfountain assets/shares (2/3 of AM), that friedcat and David both made some good coin out of AM, sitting somewhere safe.  -- the IP is ready to turn into wafers, and the costs were known and planned for already. .. where is that coin hiding?   I have a hard time believing they are bankrupt...but i would believe a muti-sig wallet currently inaccessible.  

Keep in mind that the current gen chip masks are still good, and the current inventory is unknown... If AM resolves its issues and self-mines with current chips, the only real ongoing cost is electricity..  They could still slowly self-fund a revival...  Just dont expect divs soon.  Then again, most companies don't pay divs in the real world anyway.
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March 12, 2015, 12:48:12 AM
 #25958

What is ASICMiner's bus factor?
This is an excellent question, a pity it was ignored.
Or, it was ignored because maybe nobody knows the official answer (since the inner workings of ASICMINER aren't exactly clear), or because it is known that the bus factor is 1.

Took a while, but finally we know the answer to this question.
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March 12, 2015, 01:23:10 AM
 #25959

At 0.013 its half tempting to pick up 5k chares through Havelock just to be able to demand direct info from the board and Dave.

I had the same frickin' thought today, but instead picked up a couple hundred shares of AAPL instead.

If you can get "a few hundred" shares of Apple for $20k, hook me up Smiley
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March 12, 2015, 01:25:35 AM
 #25960


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