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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898893 times)
Silverspoon
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March 15, 2015, 10:01:15 PM
 #26101

...
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?!
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Chris_Sabian
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March 15, 2015, 10:04:14 PM
 #26102

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?
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March 15, 2015, 10:50:48 PM
 #26103

how to spot a lie

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

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Fordee
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March 15, 2015, 11:06:58 PM
 #26104

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
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March 15, 2015, 11:09:05 PM
 #26105

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.
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March 15, 2015, 11:11:16 PM
 #26106

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. 
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March 16, 2015, 01:17:19 AM
 #26107

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
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March 16, 2015, 03:40:56 AM
 #26108

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.

BTC:113mFe2e3oRkZQ5GeqKhoHbGtVw16unnw2
freedomno1
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March 16, 2015, 03:58:06 AM
 #26109


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
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March 16, 2015, 04:59:44 AM
Last edit: March 21, 2015, 08:09:25 AM by yuchuanzhen
 #26110

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

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
romerun
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March 16, 2015, 05:11:49 AM
 #26111

It's also possible FC went camping around his own backyard.
CanaryInTheMine
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between a rock and a block!


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March 16, 2015, 05:20:22 AM
 #26112

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.
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March 16, 2015, 05:23:56 AM
 #26113

Are you sure Friedcat and Putin are not the same person, he's missing as well  Huh Huh


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whether we have a dictatorship or a real democracy." 
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bones
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March 16, 2015, 05:40:47 AM
 #26114

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.


Canary, I have always found you to be an honest person.  So I put some weight in what you say.  That said...

Have you seen any actual proof that the wafer order was not made, or is this all hearsay?
And if you saw no proof, is it not plausible that you were misinformed, whether that was malicious or not?

Edited to add.  The last we were all told IIRC, was that there was enough btc / money available to keep us going even with a depressed btc price for quite some time.
silverfuture
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March 16, 2015, 10:49:03 AM
 #26115

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

You've been watching "Better Call Saul", haven't you?

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HarmonLi
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Honest 80s business!


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March 16, 2015, 11:03:51 AM
 #26116

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.


Canary, I have always found you to be an honest person.  So I put some weight in what you say.  That said...

Have you seen any actual proof that the wafer order was not made, or is this all hearsay?
And if you saw no proof, is it not plausible that you were misinformed, whether that was malicious or not?

Edited to add.  The last we were all told IIRC, was that there was enough btc / money available to keep us going even with a depressed btc price for quite some time.

Well I think Jutarul - who is a board member also said something along those lines. I think a couple of pages ago he revealed what the board actually knows and it doesn't look too good.

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March 16, 2015, 11:20:49 AM
 #26117

I'm not an AM fanboy, I was an AM shareholder.

When have you liquidated your shares?

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.

This information should've been released for all shareholders. Keeping this secret is a bad thing for everyone. Another fail from AM.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
michaelGedi
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March 16, 2015, 11:23:22 AM
 #26118

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




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

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HarmonLi
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Honest 80s business!


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March 16, 2015, 11:23:39 AM
 #26119

I'm not an AM fanboy, I was an AM shareholder.

When have you liquidated your shares?

Well hopefully (for him) quite some time ago. Right now it really doesn't seem to make any sense to liquidate any more. It's just a penny stock now and a big gamble on an improbable resurrection at some point in the future!

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March 16, 2015, 11:26:27 AM
 #26120


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  Roll Eyes

only thing left to do is cry  Cry



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

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