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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897308 times)
iCEBREAKER
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March 22, 2015, 04:36:46 AM
 #26321

IPO shareholders deserved that 6x ROI because they risked their BTC going to zero.

Please explain the ponzi scheme smart ass!

Gavin already did: https://www.cryptocoinsnews.com/gavin-andresen-suspects-ponzi-schemes-bitcoin-cloud-mining/

Please explain why those who purchased shares after the IPO deserve to be scammed.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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1566603076
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RoadStress
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March 22, 2015, 04:57:28 AM
 #26322

IPO shareholders deserved that 6x ROI because they risked their BTC going to zero.

Please explain the ponzi scheme smart ass!

Gavin already did: https://www.cryptocoinsnews.com/gavin-andresen-suspects-ponzi-schemes-bitcoin-cloud-mining/

Please explain why those who purchased shares after the IPO deserve to be scammed.

I am sorry, but Gavin is talking about cloud mining. AM never did any cloud mining.

So I am still waiting for you to explain where is the AM ponzi...

As for those ones that purchased shares after IPO well they weren't scammed because nobody forced them to do it and AM never promised anything to them. Their only commitment was for the IPO shareholders and they have exceeded it by far.

For me AM was dead or bankrupt since ~August or when the dividends stopped. The TL;DR would be that they lost at the mining game. They continued to operate for a longer time than HF did when it started to bleed money and they did it with minimal costs trying to resurrect the company somehow, which I didn't see HF doing. AM managed to get a sample chip and they successfully tested it. In comparison HF did the exact opposite thing! If AM really wanted to pull a scam they could've somehow tried to raise some pre-order money for their next gen chip since they've already confirmed the design by testing the chip.

AM never took pre-order money for something that they could not deliver like HF did for 3 batches of customers!

PLEASE EXPLAIN AM PONZI! It is clearly that you are lying in everything that you say. This is just another proof of your constant lies. Thank you for making it so easy for people to see that you are so full of shit!

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iCEBREAKER
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March 22, 2015, 05:17:43 AM
 #26323

AM never did any cloud mining.

Sure bro.  How's the weather in Egypt?

AMHash1 is the first of a series of mining contracts.

In this contract, the hashrate is provided by ASICMiner

Risk control
1. Before IPO closes, ASICMiner has the right to buy back at the price of IPO price * 100.5%.

2. During the first 45 days after IPO closes, ASICMiner has the right to buy back at the price of (IPO price - total payouts) * 120%. The notification period is 3 days.

As for those ones that purchased shares after IPO well they weren't scammed because nobody forced them to do it and AM never promised anything to them. Their only commitment was for the IPO shareholders and they have exceeded it by far.

That is so wrong and untrue it would take weeks to unpack all the densely packed falsities within.

Let's just briefly note that not how IPOs and stocks work.  EG, AM was obligated to pay dividends and transfer shares, because those share represent a claim on the firm's profits, and the OP confirms this.  The OP does not say 'any shares purchased after the IPO are worthless and we couldn't care less about them.'


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
primeminer
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March 22, 2015, 09:27:37 AM
 #26324

new amhash announcement - which make even less sense:

 Announcement:
03/22/2015 Update:
Dividends deduct
We will deduct the dividends(0.11973BTC/GHS) from 9th Feb - 9th Mar(20150208-20150309) as we have not received the dividends from ASICMiner since 8th Feb
Account register
if you don't have havelock account,please register at https://www.havelockinvestments.com/
===============
关于AMHash暂停分红的公告(The Announcement of AMHash Dividends Suspending)
keystroke
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March 22, 2015, 09:56:46 AM
 #26325

I remember a time when people were afraid of ASICMINER possibly 51% attacking the network. How times change!

"The difference between a castle and a prison is only a question of who holds the keys."
primeminer
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March 22, 2015, 09:59:24 AM
 #26326

I remember a time when people were afraid of ASICMINER possibly 51% attacking the network. How times change!

I remember cex having more than 50% hash rate...
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March 22, 2015, 11:57:12 AM
 #26327


Asicminer can still revive and come back.
They just need to be wise.

> ALL cloudmining companies are SCAM <
AirWolf
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March 22, 2015, 12:55:48 PM
 #26328

Msg for Jutarul/AM/RM:

Tic, Toc, Tic, Toc, Tic, Toc.....

HAVELOCK ROBBED ME MORE THAN 170BTC - BEWARE OF THIS THIEVES!
muyuu
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March 22, 2015, 12:56:09 PM
 #26329


Asicminer can still revive and come back.
They just need to be wise.

Set that bet up and I will be happy to oblige.

https://bitbet.us/

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
flame1012
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March 22, 2015, 01:16:19 PM
 #26330


Asicminer should make their 4th generation before others and make 14 nm chips to beat the competition Smiley
A hard task but doable.

> ALL cloudmining companies are SCAM <
TheRealSteve
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FUN > ROI


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March 22, 2015, 01:37:53 PM
 #26331

Asicminer should make their 4th generation before others and make 14 nm chips to beat the competition Smiley
A hard task but doable.
If they (claim they) don't have the liquidity for rolling out at 28nm, they'll have to reach into some deep pockets to go to 16/14. Last they mused about that was Q4 2014.

jdany
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March 22, 2015, 01:38:54 PM
 #26332


Asicminer should make their 4th generation before others and make 14 nm chips to beat the competition Smiley
A hard task but doable.

They could - but securing funding at this stage is almost impossible.  I talk to money pretty regularly, and money keeps saying - "No effing way."

I still find it so hard to believe they are short on cash.  
Either there was a massive amount of theft or embezzlement, or the most inept company on the planet.

If they just would have been honest with investors from the beginning, this thing would have gone down totally different.  They had a fanbase of customers and investors that would have made magical things happen.  They didn't have faith in their customers or investors - and starved everyone out.
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March 22, 2015, 02:39:36 PM
 #26333

I totally agree about being honest with customers and investors.

> ALL cloudmining companies are SCAM <
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March 22, 2015, 03:09:28 PM
 #26334


Asicminer should make their 4th generation before others and make 14 nm chips to beat the competition Smiley
A hard task but doable.

They could - but securing funding at this stage is almost impossible.  I talk to money pretty regularly, and money keeps saying - "No effing way."

I still find it so hard to believe they are short on cash.  
Either there was a massive amount of theft or embezzlement, or the most inept company on the planet.

If they just would have been honest with investors from the beginning, this thing would have gone down totally different.  They had a fanbase of customers and investors that would have made magical things happen.  They didn't have faith in their customers or investors - and starved everyone out.

Why would anyone want to invest that cash into AM though? They are much better off just buying the chip design and not being stuck with all the negatives. Also it sounds like AM is just a nickname for FriedCat since they can not do anything without him...let a lone sell the IP. Unless FriedCat ends his vacation early nothing is going to happen at all.
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March 22, 2015, 05:04:42 PM
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I wish they get it somehow right, for the sake of their investors at least.

> ALL cloudmining companies are SCAM <
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March 22, 2015, 06:37:00 PM
 #26336

Why cant they setup a new farm with remaining chips and use it to refund themselves?

Seriously, the 28nm chip is nice, but they have a proven design and plans for the 45nm and chips in stock..   They should get as many devices running as possible while they can.. If BTC hasn't dramatically risen by the halving the 28nm isnt worth running let alone making.   If it does skyrockaet the  AM can use BTC Earned currently, skip the 28nm and go to 20 directly.  The future is to uncertain for any company right now to create a new mask..   using current resources might be the best choice..
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March 22, 2015, 07:12:34 PM
 #26337

Why cant they setup a new farm with remaining chips and use it to refund themselves?

Seriously, the 28nm chip is nice, but they have a proven design and plans for the 45nm and chips in stock..   They should get as many devices running as possible while they can.. If BTC hasn't dramatically risen by the halving the 28nm isnt worth running let alone making.   If it does skyrockaet the  AM can use BTC Earned currently, skip the 28nm and go to 20 directly.  The future is to uncertain for any company right now to create a new mask..   using current resources might be the best choice..

I'm sorry, but this is nonsense
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March 22, 2015, 07:31:15 PM
 #26338


Asicminer can still revive and come back.
They just need to be wise.

If by wise you mean with a totally new name and new staff and no ties to AM then I would say... maybe.

But to revive as they sit today?  No way, not gonna happen.  Anyone stupid enough to support that endeavor deserves to lose everything they pour into it.
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March 22, 2015, 08:42:58 PM
 #26339

Why cant they setup a new farm with remaining chips and use it to refund themselves?

Seriously, the 28nm chip is nice, but they have a proven design and plans for the 45nm and chips in stock..   They should get as many devices running as possible while they can.. If BTC hasn't dramatically risen by the halving the 28nm isnt worth running let alone making.   If it does skyrockaet the  AM can use BTC Earned currently, skip the 28nm and go to 20 directly.  The future is to uncertain for any company right now to create a new mask..   using current resources might be the best choice..

I'm sorry, but this is nonsense

Uh huh.. Rather than call 'nonsense' try critical thinking:
 
Asicminer needs to either close up shop now, or use their resources.. they've apparently chosen the latter.  Whether divs will ever again  be paid to the holdrrs isnt what I asked.

They have enough BE200 chips left of the 60PH or a few thousand devices.  They should put them to use and save the company...the chips are still competitive for a manufacturer to use...  either that or give them away and close the doors.   

Calling exit scam on Friedcat doesnt make sense...  neither does letting the 45nm maskmsit gathering dust. ...and Ponzi on AM shareholders isnt possible either....   You cant just get an account at TMSC by knocking on the door...you have to pass scrutiny and have a real world presence.

Yes AMHash is fucked, but AM as a company could still be worth a few $ to someone who wants to enter the bitcoin space in china or elsewhere... They really dont have that many liabilities on the books. And a competitive chip Design ready to roll.
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March 22, 2015, 10:05:50 PM
 #26340

Uh huh.. Rather than call 'nonsense' try critical thinking:
 
Asicminer needs to either close up shop now, or use their resources.. they've apparently chosen the latter.  Whether divs will ever again  be paid to the holdrrs isnt what I asked.

They have enough BE200 chips left of the 60PH or a few thousand devices.  They should put them to use and save the company...the chips are still competitive for a manufacturer to use...  either that or give them away and close the doors.   

Calling exit scam on Friedcat doesnt make sense...  neither does letting the 45nm maskmsit gathering dust. ...and Ponzi on AM shareholders isnt possible either....   You cant just get an account at TMSC by knocking on the door...you have to pass scrutiny and have a real world presence.

Yes AMHash is fucked, but AM as a company could still be worth a few $ to someone who wants to enter the bitcoin space in china or elsewhere... They really dont have that many liabilities on the books. And a competitive chip Design ready to roll.


I suggest you to try to think before you speak/write anything. Are you aware of the costs needed to deploy miners from chip to full working units? Are you aware of the current profitability considering the market conditions? Are you aware of the costs and the work needed to setup a DC to have the miners running? Are you aware of how much money AM currently has? Or how much did they have before FC vanished?

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