ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Ragnarokdel]

If they have a functional and competitive chip why not go with pre-orders like every other mining devices selling company, if they get enough money/orders they could make the chips.

Has this been discussed already?

nobody would buy from them... Their company is a complete mess.

[primeminer]

It is a gamble but from my own point of view I would consider investing my AMhash shares and some more in BE300 if all of the conditions were met:

1 there is clear and pubic plan from sample to chip/device with mile stones on the time line.
2 there is a clear structure of management
3 There is a person on the board who communicates with non-chinese investors
4 there are simple business continuity risk polices in place

providing that  test of the sample where close to be as good as announced some time ago. With chips doing 0.2 J/ghs, or even 0.35 there is a larger window than it was with BE200.

but it is a dream, the same as might appear in the head of a person who still can see but already been beheaded. Asic Miner seems to have no assets, little bit of cash and bunch of greedy managers. They have fired line stuff, have no money, no idea, no leadership and to top it up feel very little bit of responsibility. They have personal packed wallets but can not trust themselves and invest in OWN company, but at the same time hope that someone else will do.

Regarding 1000 usd target btc/usd it is just FUBAR. We reached moment when btc price is dictated mostly by one factor - electricity cost, other are just a fluctuation from demand. Just look at Bitmain's reaction to AM failure. Most of us know that there will be no large deployments in near future. BF is far away from wafer order, AM we know, Bitman has got to sell off existing stock (which already is on). Difficulty will not rise that rapidly in next few months there will be swings down to xrate of btc.

So there is no reason why BE300 wafer should not be placed Dec/Jan before alleged Mine theft. I would want to hear real explanation to this question.
If there is no good answer I may assume that all of the events as AMHash failure, BE300 and no idea now are not a coincidence but an exit strategy  
  

[mc_lovin]

So to sum it up: asicminer doesn't give shit unless they go to jail or are seriously hunted? Also what do you mean by volunteering? FC is not indebted to us, ASICMINER is indebted to us. Your company is over no matter what happens - after such fiasco there is no coming back whatever you do, but if you have at least some dignity refund your customers you stole from and leave this business, you caused enough damage already, you should be ashamed of yourselves scammers, you are a disgrace to human beings

+1

[MidwestMiner]

It is a gamble but from my own point of view I would consider investing my AMhash shares and some more in BE300 if all of the conditions were met:

1 there is clear and pubic plan from sample to chip/device with mile stones on the time line.
2 there is a clear structure of management
3 There is a person on the board who communicates with non-chinese investors
4 there are simple business continuity risk polices in place

providing that  test of the sample where close to be as good as announced some time ago. With chips doing 0.2 J/ghs, or even 0.35 there is a larger window than it was with BE200.

but it is a dream, the same as might appear in the head of a person who still can see but already been beheaded. Asic Miner seems to have no assets, little bit of cash and bunch of greedy managers. They have fired line stuff, have no money, no idea, no leadership and to top it up feel very little bit of responsibility. They have personal packed wallets but can not trust themselves and invest in OWN company, but at the same time hope that someone else will do.

Regarding 1000 usd target btc/usd it is just FUBAR. We reached moment when btc price is dictated mostly by one factor - electricity cost, other are just a fluctuation from demand. Just look at Bitmain's reaction to AM failure. Most of us know that there will be no large deployments in near future. BF is far away from wafer order, AM we know, Bitman has got to sell off existing stock (which already is on). Difficulty will not rise that rapidly in next few months there will be swings down to xrate of btc.

So there is no reason why BE300 wafer should not be placed Dec/Jan before alleged Mine theft. I would want to hear real explanation to this question.
If there is no good answer I may assume that all of the events as AMHash failure, BE300 and no idea now are not a coincidence but an exit strategy  
  

Agree with all points. If FC/owners didn't plan on "disappearing" thee would have been no reason not to place the wafer order. Even if using all available funds for wafers (even mining funds and AMhash payouts) AM would have been in a far better state than today considering wafer orders for 28nm aren't that expensive anymore.

[muyuu]

It is a gamble but from my own point of view I would consider investing my AMhash shares and some more in BE300 if all of the conditions were met:

1 there is clear and pubic plan from sample to chip/device with mile stones on the time line.
2 there is a clear structure of management
3 There is a person on the board who communicates with non-chinese investors
4 there are simple business continuity risk polices in place

providing that  test of the sample where close to be as good as announced some time ago. With chips doing 0.2 J/ghs, or even 0.35 there is a larger window than it was with BE200.

but it is a dream, the same as might appear in the head of a person who still can see but already been beheaded. Asic Miner seems to have no assets, little bit of cash and bunch of greedy managers. They have fired line stuff, have no money, no idea, no leadership and to top it up feel very little bit of responsibility. They have personal packed wallets but can not trust themselves and invest in OWN company, but at the same time hope that someone else will do.

Regarding 1000 usd target btc/usd it is just FUBAR. We reached moment when btc price is dictated mostly by one factor - electricity cost, other are just a fluctuation from demand. Just look at Bitmain's reaction to AM failure. Most of us know that there will be no large deployments in near future. BF is far away from wafer order, AM we know, Bitman has got to sell off existing stock (which already is on). Difficulty will not rise that rapidly in next few months there will be swings down to xrate of btc.

So there is no reason why BE300 wafer should not be placed Dec/Jan before alleged Mine theft. I would want to hear real explanation to this question.
If there is no good answer I may assume that all of the events as AMHash failure, BE300 and no idea now are not a coincidence but an exit strategy  

I believe one of the reasons that still now there is virtually no transparency is the bolded part. They want more sucker money without disclosing much at all seemingly because they don't want to invest themselves, or they want a sweet priority deal leaving the rest of the investors with scraps.

Are there enough gullible suckers in the community to put a bitcent more without transparency? Maybe.

[CanaryInTheMine]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

[ninjarobot]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://bitcointalk.org/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

[muyuu]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

There are many interpretations to there being "no money". No money in AM's remaining funds, no money in the board member's wallets, no money because "only FC has control over the accounts with funds" etc etc.

I personally have no clue what those "attempts at securing funds" consisted of. Maybe this is public information?

If there were no funds before FC disappeared then it has been a full blown scam by everyone with access to this information in the board, since last year.

[Silverspoon]

...
If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

Dishonesty?  In MY Bitcoin securities?!

[Chris_Sabian]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

There are many interpretations to there being "no money". No money in AM's remaining funds, no money in the board member's wallets, no money because "only FC has control over the accounts with funds" etc etc.

I personally have no clue what those "attempts at securing funds" consisted of. Maybe this is public information?

If there were no funds before FC disappeared then it has been a full blown scam by everyone with access to this information in the board, since last year.

If the was 'no money', then what happened to the ~60 Ph/s worth of BE200 chips that were ordered in June of 2014?  Even if the chips were poorly designed, I'm sure that someone would buy them if heavily discounted.

Also, what was all of this talk about having cheap electricity in northern China?  If the rates were as cheap as suggest, why not just self mine?

[silverfuture]

how to spot a lie

https://www.youtube.com/watch?v=P_6vDLq64gE

[Fordee]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://bitcointalk.org/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

Phrased differently, at what point did the board members all start to dump their shares?    Lots of constant imports since December to Havelock...   If the board was aware that there was no money to place a BE300 order, why even bother with sample chips... and did they use the information to dump discretely?

My guess is that Bitfountain had no need to 'dump shares' as they already controlled the wallets per se..    Did any board members have the opportunity to bail before Friedcats disappearance became 'Public' information?

[MidwestMiner]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

Had this been disclosed I am sure that AM could have raised the funds easily by issuing shares or taking out a traditional loan in some form. Seems straight up scam my now.

[MidwestMiner]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://bitcointalk.org/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

100% true and if this was information that board members had access to, then I would like to know if these members sold shares based on this priveliged information. 

[mc_lovin]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

So you just run away??

[atomicchaos]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://bitcointalk.org/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

100% true and if this was information that board members had access to, then I would like to know if these members sold shares based on this priveliged information. 

Lets play along.. Let's say they knew, it wouldn't change anything at all. Unregulated securities are just that.

[freedomno1]

Q) With regards to the AM situation, could you elaborate on the what HashLord is and the role it played in AMHash?
A) I am sorry for the potential confusion. Hashlord was coined in reference to Landlord as the entity who is in control of the hashing power. At the current time it is not clear WHO that entity really was (Operator/AM/RM/FC/Third party). Obviously the operator can always become the Hashlord by replugging the mining devices. That may have been the case - but there is no data to confirm that.


Regards

I was curious what the heck a Hashlord was but It makes sense it was the one controlling the Hash
Also nice nickname he-he sounds like a Magic the Gathering GM
Fear the Hashlord
Anyways thanks for taking the time to answer those Q@A's

[yuchuanzhen]

Breaking News:

Base on some reliable source,Friedcat went to Thailand on Feb 16.
But there are still no entry record(the record back to China).

Link: http://weibo.com/2242645650/C8NXWuSw1

[romerun]

It's also possible FC went camping around his own backyard.

[CanaryInTheMine]

It's also possible FC went camping around his own backyard.

I heard he went to climb Mount Everest then he's heading over to the South Pole.