ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bkminer]

*sigh* I guess other than AMHash on the 20th my ASICMiner saga is over. Cashed out shares and got 2% of the BTC I had put in. (I'm not even going to look at the USD to buy the BTC.) I thought FC could pull Gen4 off but....

I still have 20 Gen 1 Blades and backplanes... for the museum I guess.


EDIT:  Is anyone having problems with Havelock withdrawals ??


EDIT2: I guess it takes days now not minutes.

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[explorer]

*sigh* I guess other than AMHash on the 20th my ASICMiner saga is over. Cashed out shares and got 2% of the BTC I had put in. (I'm not even going to look at the USD to buy the BTC.) I thought FC could pull Gen4 off but....

I still have 20 Gen 1 Blades and backplanes... for the museum I guess.


EDIT:  Is anyone having problems with Havelock withdrawals ??


EDIT2: I guess it takes days now not minutes.

I  dumped some AM1 a few days back, and the withdrawal took ~12 hours.   I emailed, and the response (after the transaction completed) was that they are processing all withdrawals manually.

Edit:

Hello,

All withdrawals are being verified and processed manually. We are working on a new development that will make the bitcoin transfers much more secure but until then we recommend not to use your Havelock wallet for direct payments to a third party.

Thank you,
Support Team
HavelockInvestments.com

[cryptonit]

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

[gogxmagog]

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

very interesting find cryptonit

their Zeusminer forums are full of complaints, falling hashrates, no customer service. Their investors are losing money.

If it is FC and /or AM it looks like it's "business as usual" for them!

Do you think the pictures of the mine being built with the new miners, that those miners in it are AMhash/AM stolen miners?

Please explain your math

[Chris_Sabian]

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

very interesting find cryptonit

their Zeusminer forums are full of complaints, falling hashrates, no customer service. Their investors are losing money.

If it is FC and /or AM it looks like its "business as usual"

Do you think the pictures of the mine being built with the new miners, that those miners in it are AMhash/AM stolen miners?

Please explain your math

Interesting.

Those miners look like the AM Prisma and Bitmain S5.  FC was talking about getting cheap electricity in northern China and FC/AM had a 'good' relationship with the local government.  Whatever that means.

[Fabrizio89]

lol

[gogxmagog]

or FC just sold a whole bunch of miners "off the back of the truck" and pocketed the money. Who is Zeus miner anyway? I don't recall hearing of them before.
From the photos they provide they don't look like the 3rd biggest mine in China.

[bkminer]

I  dumped some AM1 a few days back, and the withdrawal took ~12 hours.   I emailed, and the response (after the transaction completed) was that they are processing all withdrawals manually.

I got the same email response yesterday but it's now 16 hours, no more responses from them at all. I guess Havelock can be added to the now a scam list.

My question is if the AMHashLC money will be paid into havelock where we won't be able to get it back out, or directly to an address we supply.

EDIT: Just called Havelock and big surprise, no answer, no voice mail... just not there during business hours. (Another one bits the dust.)


EDIT1: Havelock has stated they process withdrawals twice a day, I have my BTC now. Thank you, Havelock...

[Blazed]

or FC just sold a whole bunch of miners "off the back of the truck" and pocketed the money. Who is Zeus miner anyway? I don't recall hearing of them before.
From the photos they provide they don't look like the 3rd biggest mine in China.

Zeus is a scrypt ASIC manufacturer and probably the largest.

[Holographic]

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

[Fordee]

Well, as poor as AM seems to be, they still came up with almost $300,000 to settle the AMHash fiasco.. (3000BTC Fully funded buyback), ..   
 
Didn't bitfountain have 3 primary investors? (Plus all of us suckers?)...   Shares are probably still worth about a $1 or so each for a future buyout when they shut the doors.    Keep your address active, you may eventually see a few dollars for those few hundred direct shares, even if they can't be transferred, you are not missing out on much.

[lucasjkr]

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

And by doing that, I saw that this thread was updated and had to check... Which in turn will cause some one else to, and so forth...

[freedomno1]

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

And by doing that, I saw that this thread was updated and had to check... Which in turn will cause some one else to, and so forth...

In essence we are just progressing in this thread at a snails paste now
Checking if there was anything noteworthy.

[flyingplows]

Well we are now just waiting to see if AMHash (or AM if you will) fulfills AMHashLC promise (still a question after all these lies) plus returns amhash.com balances that were stolen. After that we'll see what can be done further.

[Fordee]

Well we are now just waiting to see if AMHash (or AM if you will) fulfills AMHashLC promise (still a question after all these lies) plus returns amhash.com balances that were stolen. After that we'll see what can be done further.

Well, Considering the wallet 1FU3uhBR4bKTavbeiJXdHHs13W5bRjM7DA is already funded, I'd bet that the chances are they intend to fulfill the AMHashLC promise..  It's the cheapest way for them to get absolution from a majority of the smaller hash-rate shareholders..   Larger ones are probably still to disorganized to put together a lawsuit, unless they're already in China..and even then, there is probably a maximum liability to the cost of the gear itself that they owned a portion of.

Regardless, roll your dice before April 20th, or you lose your chance to get anything back, unless you own a high-priced lawyer.

I still feel that AM itself has to be worth at least a $1/share (asset wise) ... whether anyone else ever see's that value out is a different story.

[lucasjkr]

What assets do you see supporting that valuation? And how valuable could the IP be for the design of a relatively simple chip whose equivalent is mass produced by many manufacturers?

[Fordee]

What assets do you see supporting that valuation? And how valuable could the IP be for the design of a relatively simple chip whose equivalent is mass produced by many manufacturers?

Honestly I am pulling it out of my ass.. If they can contribute  the bulk of the AMHash buyout wallet, almost $300,000, My spidey senses say that existing masks plus a very efficient design  must be worth about $400,000...or about $1/share..   Even the market on Havelock still values this train wreck at $1.97, so I don't think $1/share is unreasonable...  Note that I didnt say we'd ever see it.  

[ensurance982]

What assets do you see supporting that valuation? And how valuable could the IP be for the design of a relatively simple chip whose equivalent is mass produced by many manufacturers?

Honestly I am pulling it out of my ass.. If they can contribute  the bulk of the AMHash buyout wallet, almost $300,000, My spidey senses say that existing masks plus a very efficient design  must be worth about $400,000...or about $1/share..   Even the market on Havelock still values this train wreck at $1.97, so I don't think $1/share is unreasonable...  Note that I didnt say we'd ever see it.  

I actually don't think that 'real' mask sets do exist at this point. I guess the sample chips (BE300s) were done using a shuttle run and the final mask set for the BE300 haven't even been produced(!!!)

[TheRealSteve]

I guess the sample chips (BE300s) were done using a shuttle run

No need to guess;

The problem with MPW is that we only got 100 chips in hand and we need at least a large part of them for chip-wise variance testing.

[ensurance982]

I guess the sample chips (BE300s) were done using a shuttle run

No need to guess;

The problem with MPW is that we only got 100 chips in hand and we need at least a large part of them for chip-wise variance testing.

Yeah there still could be a final mask set at this point, though and only the money missing to produce the actual chips. But I remain convinced that there exists nothing of that sort, unfortunately