ASICMINER: Entering the Future of ASIC Mining by Inventing It

[mr_e]

Apologies if this has already been discussed... But Friedcat's address is being drained. I can't imagine a scenario where this isn't catastrophic news.

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

This is his verified address based on previous dividend payouts.

Maybe he is paying the Mongolians for rent and electricity, seems only today there were large movements of BTC.

[KarmaShark]

So since Dec/25/2014 you have been a PONZI, and instead of halting and come out clean on Dec/26 you continued to paint the illusion of a reputable business and allowing trade and paying dividends unsupported by real hardware?

Ok, i have dealt with this before (MtGox and PBmining) and recovered ALL the money, you know how? By gathering the biggest investors and pooling with them a REWARD OF 300 BTC for the whereabouts of YOU, YOUR FAMILY AND FRIENDS and another 300 BTC to pay for the people that is going to PAY YOU AND THEM A VISIT.

You are not dealing here with the average guy that invests 0.1 BTC, i represent a group with almost 250.000 shares, value over 250 BTC, I represent the kind of people that it is VERY DANGEROUS to mess with in any part of the world.

So i will offer you an exit: Reimburse our shares for 250 BTC or i will start the process of hunting you and your relatives and friends. You have 24 hours, after that i will start the hunt and i will make it public, so not only you will have to pay the biggest ones, but almost every little guy that sums to the hunt. It is best for you to settle this now than settle it later, check my posts in this forum, I HAVE DONE THIS BEFORE.

Be smart, be like Mark Karpeles and Jason Boyko, they are still good and their relatives too because they acted smart, they kept this private and small and ended up losing less.

You have 24 hours.

Hi,

We understood all of your guys emotion, but we still need to wait FC's appearance ,when he comes back, we will solve everything very easily.

1. The mining farm happened in Dec/25/2014 was not a PONZI like you said, AM did have hashrates before that day, and they were also hurt by the farm partner.When problem happened, AM were talking and finding some way to solve it and continue to pay divs daily, how can you say that PONZI? Any problem been solved need time, hope you understand.

2. We are finding some way to solve this.Firstly,we are not sure whether FC safe. Secondly,we are not just sitting here, we are trying to move on this, talking with AM, and board members.

Thanks,
AMHash Team

You don't understand:

You are not dealing here with some "emotional guys", you are dealing here with professionals, as i told you, we already recovered our money from MtGox and PBmining, you will be no exception.

The hunting has already begun, check this: https://bitcointalk.org/index.php?topic=974893.0 a reward is being offered for your personal whereabouts, those of your families and friends.

Next step is to hire other professionals to get in personal contact with your relatives and friends if we don't get to you first.

We don't care about Mr. friedcat, we gave our money to you and you are the responsible, we are not going to wait as idiots for that individual to appear again in the year 2050. You may wait for him and then recover the money you will first return to us, but before that, you pay our money back, you wait for him, we don't.

Don't be stupid, 250BTC is an small amount that you together can cover right now, pay our shares, we will transfer them to you and problem solved. Money is something you can recover, but other personal things you will lose forever.

Until you agree and transfer the money, the hunt is on and soon we will be contacting your families and friends, first via internet and later personally. Again, don't be a fool, you can still solve this for an small amount of money, when we get to the next step, there is no coming back, no amount of money will stop them.

I really hope you act smart as Karpeles and Boyko did and saved their love ones a lot of hardship.

This is spiraling out of control very quickly. In the event physical harm comes to any of the operators, fraud involved or not, that will quickly turn these threads into pieces of evidence for a future police investigation. Whether that will ensure nothing is ever resolved or the only path to some type of eventual resolution, remains to be seen.  If this is the response to potential fraud a small fund like AMHash generates, one wonders about all of the heavily invested ASIC MINER shareholders.


Someone with knowledge on this scenario needs to step up soon before actions transpire that take this situation off the forums and into the authorities hands.

[nomnomnom]

Apologies if this has already been discussed... But Friedcat's address is being drained. I can't imagine a scenario where this isn't catastrophic news.

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

This is his verified address based on previous dividend payouts.

Could it be someone at bitfountain with access to those coins is moving them to a safer address, just in case?
If someone stole the privatekey from fc they would take all and not leave 10k BTC behind. This is all fucking weird 

[Puppet]

[dhenson]

Apologies if this has already been discussed... But Friedcat's address is being drained. I can't imagine a scenario where this isn't catastrophic news.

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

This is his verified address based on previous dividend payouts.

Could it be someone at bitfountain with access to those coins is moving them to a safer address, just in case?
If someone stole the privatekey from fc they would take all and not leave 10k BTC behind. This is all fucking weird 

Each original owner of bitfointain has their own dividend address, this being the largest, most likely the personal address of FC.  The fact that it wasn't immediately drained all at once implies  that whomever is moving the funds isn't worried about anyone else having access to the private keys.

I can only think of two scenarios that would make sense and neither are good.

[neilol-real]

Bloodbath incoming tomorrow. I imagine we wont hear from the Board in the middle of crisis mode. And if FC is taking time for personal reasons, likely not going to return before the holiday is over.


Edit: And that is probably best case scenario. Hopefully nothing serious happened during his trip.

I'm surprised the tinfoil hat crew isn't speculating this is a ploy to lower share price to coincide with the sell pressure due to Havelock insecurity

[electerium]

honestly FC et al. are just crashing the price so that he can buy more shares.

[neilol-real]

^^^ Never mind, there it is

[ujka]

Each original owner of bitfointain has their own dividend address,

Don't think so. Bitfountain has 200'000 shares, and that's evenly divided in 15h6 and 1HgT address.

[Whtwabbit]

I think they actually mean Friedcat is lost in the mining farm, its that big,

[electerium]

^^^ Never mind, there it is

Allow me to share you a post I made last fall

Yeah, just as I expected early in the summer when rockminer et all. launched.

AM is being bled dry into more favorable business contracts and such. Sad to see, but its true. Dividends will be non existent for at least 6 months.

The only silver lining here is that cloud mining is the future so if gen4 chips can even be remotely competitive they do fill a void in the market space as many of the basic companies are moving away from chip sales.

But let's be honest about that, AM is being bled out.

[dhenson]

Each original owner of bitfointain has their own dividend address,

Don't think so. Bitfountain has 200'000 shares, and that's evenly divided in 15h6 and 1HgT address.

There are three addresses that are generally accepted as belonging to "Bitfountain".

232,520 shares, you aren't including https://blockchain.info/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey

[Blazed]

LOL

[dhenson]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.
d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.

According to Jutarul AM was holding a large amount of Fiat (inferred from bolded refrence above).  I would be very interested to know if that has / is being drained as well.

[superduh]

for the first time - i'm actually worried. hope FC is healthy and well and can come back ASAP and explain things. whatever happened hope it's not the end of AM

[JstnPwll]

I think they actually mean Friedcat is lost in the mining farm, its that big,

This corroborates an earlier statement, which indicated the hashes were "out of control".

[jimmothy]

for the first time - i'm actually worried. hope FC is healthy and well and can come back ASAP and explain things. whatever happened hope it's not the end of AM

+1

I was quick to make assumptions and blame this whole mess on FC's incompetence, but now I think there's much more to the story. I really hope nothing terrible happened to FC like getting kidnapped/extorted. Hopefully he just needed an extra long/private holiday break and will come back to make things right like the FC we all know.

[Swimmer63]

allow me to aid you in your quest as you are to simple to use google picture search function.

right click image, search google for this image and like magic it brings you to here - https://twitter.com/rockminerinc

This holds the same single pic that I posted above. Other pics does not look like FC.

https://twitter.com/RockMinerInc/media

I might be simple but I know when to use to, too and two.

[Silverspoon]

... indicated the hashes were "out of control".

As someone has previously pointed out,

[gogxmagog]

can someone identify FC's wallet?
we could at least follow the coins from there, if they are moving.
if they go to a mixer=scam
if they go to manufacturers, or other legit entities=not scam
pretty simple if any of these wallets can be confirmed.
I personally think FC has met with foul play
in which case, following his coins could very well lead to nabbing the thugs
also
isnt mongolia a huge desolate wasteland? he could be lost/stranded/injured/sick
hopefully in the care of some kind natives in a nice warm yurt, awaiting help from the civilized world?

the whole thing makes my stomach sink, but if FC has actually met with harm, he does have my sympathy

oh yeah, and before I forget...

GO FUCK YOURSELF SILVERSPOON (ignore on)