ASICMINER: Entering the Future of ASIC Mining by Inventing It

[michaelGedi]

this is actually really depressing... the one and only shining beacon of the securities section proved, after all, to be just like all the others.

worst of all, lambchops was right 

only thing left to do is cry 



now, more importantly, how do I unsubscribe from thread updates??

Yeah, it's depressing. I also though that lamby being right just makes the whole thing *so much* worse. You can just hit 'unsubscribe' at the top of the thread, right on top of the first post of a page.

I can't find it... all I have is watch/unwatch and notify ?? Neither of those seem to save me

[flame1012]

Wow I did not forsee ASICMINER go that low and end as a venture like this...... I am glad I exited at 0.15, At least whatever I had left, I got the principle, Since I am an IPO investor.

So how can we get REAL information about what happened to Friedcat?

By getting the Chinese Government to ask the questions.

[HarmonLi]

this is actually really depressing... the one and only shining beacon of the securities section proved, after all, to be just like all the others.

worst of all, lambchops was right 

only thing left to do is cry 



now, more importantly, how do I unsubscribe from thread updates??

Yeah, it's depressing. I also though that lamby being right just makes the whole thing *so much* worse. You can just hit 'unsubscribe' at the top of the thread, right on top of the first post of a page.

I can't find it... all I have is watch/unwatch and notify ?? Neither of those seem to save me

So you already hit 'unwatch' so it now says 'watch'? Well do you have any remaining notifications in your profile settings active? If no, it may be BTCTalk rubbing some salt into the wound :/

[HarmonLi]

Wow I did not forsee ASICMINER go that low and end as a venture like this...... I am glad I exited at 0.15, At least whatever I had left, I got the principle, Since I am an IPO investor.

So how can we get REAL information about what happened to Friedcat?

By getting the Chinese Government to ask the questions.

Well if AM was really stealing electricity, or unknowingly did so (by paying rates that are ridiculously low) they may be looking for him as we speak. But apart from that... I don't know... allegedly scamming investors in an unregulated virtual company?...

[michaelGedi]

So you already hit 'unwatch' so it now says 'watch'? Well do you have any remaining notifications in your profile settings active? If no, it may be BTCTalk rubbing some salt into the wound :/

I dunno what's going on, I've been playing with notify and watch/unwatch for days and nothing seems to work

oh well!

[shadowmo]

Caveat Emptor and all.  Sigh.

I was an investor in AMHASH, just as I was once an investor in PETA.  Luckily, unlike our friend AirWolf, I remembered my experience with PETA and dropped out of AMHASH (too soon, but luckily enough did anyway) and recouped my investment.  I learned a lesson:  know when to fold.

I think the larger problem with all of them is they don't plan for expansion/upgrades.  It's all about the immediate return.  I remember when PETA actually had a vote about going 100% returns or not.  Because folks were more apt about getting their BTC.

Short term gain, long term loss.

I think the lessons learned out of this is simple:  "Entities" need to be more public about information.  I'm almost of the point that there needs to be a third party overseeing/validating the information.  Because this is happening too often.  Scams are one thing, and I don't think PETA and AMHASH were scams.  I think they were poorly run businesses with a lack of oversight and disclosure.  Say all you want:  AMHASH was only spilling "Grass is green over here, Unicorn Farts and Rainbows", and not anything realistic.

It is a shame, however.  If someone figures out the magical model for a public large-scale Bitcoin mine, they will probably have the following:

1.  Less returns per a period of time.  A mine cannot remain stagnant, as the Bitcoin network is anything but.
2.  It must invest in itself first.  
2.  An actual sustainable business model.
3.  The intestinal fortitude to actually see it through.

[flame1012]

I bet the AM shares on Havelock are not legitmate, what would uncle China do when they learn about it?

[Silverspoon]

So you already hit 'unwatch' so it now says 'watch'? Well do you have any remaining notifications in your profile settings active? If no, it may be BTCTalk rubbing some salt into the wound :/

I dunno what's going on, I've been playing with notify and watch/unwatch for days and nothing seems to work

oh well!

Hold tight, bro!  The new $1.5 million forum software, which is being developed as we speak, will surely take care of this.

I did a little bit of research on Slickage ...They also have a website but all it does is link to their Twitter and Github accounts. I'm curious how they were able to get this job.

Slickage Studios' website is their economy $500,000 version.  The new $1,500,000.00 forum is going to be even better & more full-featured.

[Mabsark]

When have you liquidated your shares?

As soon as I found out FriedCat had gone missing. I don't see any point in keeping hold of them now.

[RoadStress]

When have you liquidated your shares?

As soon as I found out FriedCat had gone missing. I don't see any point in keeping hold of them now.

Good move. Remember that FC kept hidden the fact that AM didn't placed a wafer order in December.

[sporket]

This will all be fine.

[EternalWingsofGod]

Caveat Emptor and all.  Sigh.

I was an investor in AMHASH, just as I was once an investor in PETA.  Luckily, unlike our friend AirWolf, I remembered my experience with PETA and dropped out of AMHASH (too soon, but luckily enough did anyway) and recouped my investment.  I learned a lesson:  know when to fold.

I think the larger problem with all of them is they don't plan for expansion/upgrades.  It's all about the immediate return.  I remember when PETA actually had a vote about going 100% returns or not.  Because folks were more apt about getting their BTC.

Short term gain, long term loss.

Indeed, I rememeber that PETA vote well, and then everyone asking what happened to PETA when the hash became useless

The larger question is how long a mining bond can remain profitable without consistent reinvestment into mining infrastructure, given the risky prospect of large difficulty increases eating at your return.

[Mabsark]

Good move. Remember that FC kept hidden the fact that AM didn't placed a wafer order in December.

People should also remember that before Havelock went down for maintenance, it was pretty much being kept afloat by AM and BDD stocks. When trading of AM comes to a halt, Havelock may not be able to continue.

Where is Mabsark to come and say this will all be fine?  

This will all be fine.

[flyingplows]

Good move. Remember that FC kept hidden the fact that AM didn't placed a wafer order in December.

People should also remember that before Havelock went down for maintenance, it was pretty much being kept afloat by AM and BDD stocks. When trading of AM comes to a halt, Havelock may not be able to continue.

Where is Mabsark to come and say this will all be fine?  

This will all be fine.

not much of a difference if Havelock continues without those shares or continues not  the volumes compared to everything else were huge...
maybe havelock should organise an expedition to china and make things right.. he could even offer a new havelock share for this for those who want to invest in this 
 

[jehst]

Anyone have friedcat's cell phone number? Somebody ought to call him and ask what's going on.

[elasticband]

Anyone have friedcat's cell phone number? Somebody ought to call him and ask what's going on.

I just tried Skype..... said he would be back in 2 weeks™

[silverfuture]

Just wanted to thank NotLambChop, Roadstress, etc. for being right about this one. I'm fucking done with any more investing in anything other than raw private keys for quite some time to come maybe once full adoption has been achieved.

SCAMMERS SHOULD BE ASHAMED OF THEMSELVES, but thanks for the lessons. I should have heeded the mempools apropos advice long before now. 
http://nakamotoinstitute.org/mempool/

I apologise to anyone who might have seen my comments here as confirmation to stay in this turd or (gulp!) buy.

NotLambchop was right and I paid a lot to learn that I need more experience before ever venturing into the shark tank of the scammers who just want to take our coins and leave us with empty promises.  

   

[Mabsark]

Nothing LambChop or RoadStress said had any factual basis. That makes them about as right as a broken clock.

[L]

Well, this just sucks donkey balls!

AM stuff was the last shares I had, after being scammed by ActiveMining, NeoBee, Labcoin, and some others I don't even remember, with PETA I actually made profit from trading it, so AM was my last hope to make profit in the foreseeable future.

This might also be the end of Havelock, the only funds with decent volume were AM funds, it might just not be worthwhile to keep the website online for them.

[Blazed]

I hope people STOP investing in these unregulated scams after this, but we all know they will not