ASICMINER: Entering the Future of ASIC Mining by Inventing It

[pedrog]

There was a bit of movement at Havelock, are there any news?

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[Fordee]

There was a bit of movement at Havelock, are there any news?

Dead cat bounce?   Lol. .  Probably, but we'll have to wait a week for an official translation or something, (as usual)..

[gogxmagog]

So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back.
Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due

I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen  3 and do something. At this point I would merely like some straight talk as to wtf is going on

any links to what you were reading?

canary in the mine said; https://bitcointalk.org/index.php?topic=99497.msg10607230#msg10607230

statement of david fan promising AM will try to move foreward despite losing FC  http://www.cybtc.org/article-75-1.html

note- canary in the mine has proven to be reliable in the past (i'm not sure but i think he is on the AM board) yet his statement seems to be conjecture.
david fan is the co-founder of AM, and without FC is the CEO now.

CEO of nothing is no CEO at all.

Exactly.

AM has the design of a new chip but no funding to make it.  They don't have access to mine.  Their current chips at ~0.8 W / Gh are marginal at the current difficulty / market price.

just sayin'
that's the way the cards have landed.
just a little info but,
it's more than any of the principals have offered us...
fuck i've lost a lot of BTC, and wasted a lot of hours hanging around in this sub.
they should just move the whole section into the scam sub and be done with it.
there is nothing to gain in this sphere
the only decent companies secure private funding.
us little fish don't get to play ball.

[hdbuck]

So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back.
Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due

I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen  3 and do something. At this point I would merely like some straight talk as to wtf is going on

any links to what you were reading?

canary in the mine said; https://bitcointalk.org/index.php?topic=99497.msg10607230#msg10607230

statement of david fan promising AM will try to move foreward despite losing FC  http://www.cybtc.org/article-75-1.html

note- canary in the mine has proven to be reliable in the past (i'm not sure but i think he is on the AM board) yet his statement seems to be conjecture.
david fan is the co-founder of AM, and without FC is the CEO now.

CEO of nothing is no CEO at all.

Exactly.

AM has the design of a new chip but no funding to make it.  They don't have access to mine.  Their current chips at ~0.8 W / Gh are marginal at the current difficulty / market price.

just sayin'
that's the way the cards have landed.
just a little info but,
it's more than any of the principals have offered us...
fuck i've lost a lot of BTC, and wasted a lot of hours hanging around in this sub.
they should just move the whole section into the scam sub and be done with it.
there is nothing to gain in this sphere
the only decent companies secure private funding.
us little fish don't get to play ball.

sad but true.

just buy BTC dude.
even the VC dont get it, but they'll get burn eventually too

[sporket]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

[hdbuck]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

+2 ^^

[Bonam]

+3

[jdany]

+4

[Blazed]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

+1000 Finally a good idea for dealing with these scams securities.

[ensurance982]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ?

[Chris_Sabian]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ?

+1

Not really a stock but the Bitcoin Difficulty Derivative appears to be honest.  Although they are almost at the end-game.

[pedrog]

...
they should just move the whole section into the scam sub and be done with it.
...

+1 for merging Securities & Scam Accusations.

Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ?

+1

Not really a stock but the Bitcoin Difficulty Derivative appears to be honest.  Although they are almost at the end-game.

Also Cryptsy.

But you're right, we can count honest bitcoin securities with the fingers of one hand.

[EternalWingsofGod]

Nothing but crickets left in here
Looks like all has been said for now, seeing three days of silence
RIP Asicminer

[MidwestMiner]

Nothing but crickets left in here
Looks like all has been said for now, seeing three days of silence
RIP Asicminer

Yeah I think canary nailed it early. Its over. IP is likely lost or worthless and remaining hardware is worth pennies on the dollar (if it even exists anymore). GG.

[Fordee]

Yup.. RIP AsicMiner...  shares are likely onky worth pennies, if anything..

... and yet all those unfilled bids.??

.. Odd.

[lucasjkr]

Yeah, Bitcoin denominated securities certainly haven't ended well For investors. I wonder if any amount of self-regulation can work, or if the SEC and its counterparts will come tromping in? On one hand I can see the promise, anyone with a Bitcoin relatrd idea could have tapped into the market and raised needed capital, but like all good things, the bad apples spoiled the bunch. Except here, nearly every apple turned out to be bad...

What next? Or is this the end?

[gogxmagog]

hopefully there are bag holders in china to raise a stink. it burns me to know these asicminer guys just walk away without repercussions. there's not much we can do from here is there?

[ensurance982]

hopefully there are bag holders in china to raise a stink. it burns me to know these asicminer guys just walk away without repercussions. there's not much we can do from here is there?

I'm most disappointed by friedcat just walking away! Really wouldn't have expected such a move from him - a guy I really considered to be honest. Sad to see this happen!

[Jayjay04]

I still can't believe, that is all for this story....

[ensurance982]

I still can't believe, that is all for this story....

I actually expected some more drama, at least. Lost enough money in this shipwreck and really thought that something exciting was still going to happen, to be honest...