ASICMINER: Entering the Future of ASIC Mining by Inventing It

[flyingplows]

I will have to say that AM (Bitquan and the AMHash guys) is not a scam. I went to the AMHash website which is almost gone now and they said they sent all data to AM. I sent another email asking for information and right after I sent it I noticed that the bitcoin address that was associated with AMHash had received the outstanding dividend amount. So I quickly sent another email thanking them.

At least one good note in this mess. And I will say I was sad to sell my AM shares...

EDIT: the date on the transaction was Yesterday so I was a bit embarrassed I missed it before I sent the email.  

How does it make them not a scam? If you were able to withdraw your amhash.com balance it's strange because other people, including myself, could not, but don't forget that they stole your hashrate and future dividends. If even your transaction is from them...

[1714066781]

1714066781

[1714066781]

1714066781

[arnuschky]

Does anyone know what address is 3KgtbGgaX2ngstNpvyv7LwpHSweVeqGbpM?

I have hacked coins that went there.

Looks like an Exchange wallet.  Most likely converted to fiat.

Huobi.com according to https://www.walletexplorer.com/

[bkminer]

How does it make them not a scam? If you were able to withdraw your amhash.com balance it's strange because other people, including myself, could not, but don't forget that they stole your hashrate and future dividends. If even your transaction is from them...

Sorry if it was unclear, I emailed support@bitquan.com asking about my un-withdrawn dividends and after AMHash said they sent all the bitcoins and data to AM I received the outstanding dividends. In my experience (hashie.co & others) scammers give you nothing back.  AMHash took my hash rate from hashie.co and the only issue was that the hash rate tokens were bought at a 1/4 of original price value. On that basis I concluded AM wasn't a scam, at least not originally.

So to clarify it's IMHO only that they are not a scam, or at least not like any scam I've been bitten by before.

I also kept a screen shot of my outstanding dividends incase the site went away, but I really didn't need it.

[ninjarobot]

This is why I supported AsicMiner....as Friedcat vision was to keep it decentralized.

Likewise. If Bitcoin is to have any future it will be a decentralized one. The current centralization of mining is dangerous.

I understand that we as investors in AM have drawn the short end of the stick. So be it.

However, AM belonged to all shareholders and we should still have the IP including the ASIC designs.

Can we at the very least open source these designs and give something back to the community for the betterment of the Bitcoin ecosystem?

[EternalWingsofGod]

This is why I supported AsicMiner....as Friedcat vision was to keep it decentralized.

Likewise. If Bitcoin is to have any future it will be a decentralized one. The current centralization of mining is dangerous.

I understand that we as investors in AM have drawn the short end of the stick. So be it.

However, AM belonged to all shareholders and we should still have the IP including the ASIC designs.

Can we at the very least open source these designs and give something back to the community for the betterment of the Bitcoin ecosystem?

Well they did open source the Block Erupter as part of their strategy plan if I recall correctly, not sure on the rest of the designs though.
https://github.com/blockerupter

[primeminer]

from SFARDS website:

The SFARDS team has many years of experience with ASIC technology.

Our microchip team has extensive experience with Intel microelectronics, with our senior management coming from Gridseed and Vimicro electronics’ core research to create the most complete team we possibly could.
Members of the SFARDS team were responsible for designing and mass-producing the world’s first bitcoin mining chip.

Is just me thinking it is about FriedCat?

[TheRealSteve]

Is just me thinking it is about FriedCat?

In the grand scheme of things, why not.

However, as SFARDS spawned from GridSeed (+ WiiBox + etc.), and GridSeed's chip was largely a Gridchip design - who made a chip design independently a while back and also was involved in the first Avalon (A3256) design - it's not like they'd need him.  Plus, can you imagine the sh*tstorm if it turned out they had done so, not to mention potential legal ramifications

[Blazed]

Is just me thinking it is about FriedCat?

In the grand scheme of things, why not.

However, as SFARDS spawned from GridSeed (+ WiiBox + etc.), and GridSeed's chip was largely a Gridchip design - who made a chip design independently a while back and also was involved in the first Avalon (A3256) design - it's not like they'd need him.  Plus, can you imagine the sh*tstorm if it turned out they had done so, not to mention potential legal ramifications

Well if they picked ScamCat to help with that chip then it will probably be a flop/off spec/fire hazard. I hope SFARDS will deliver a quality product and sell to us small miners. We all know that Bitmain will just keep raising prices on us due to no competition.

[bkminer]

We all know that Bitmain will just keep raising prices on us due to no competition.

It's bad for the market that BitFury went commercial cloud only. (and I still can't see how corporate cloud mining is any different, cloud mining is a loss for the customer so why would large companies buy large amounts of cloud mining?) 

(ref:) http://www.coindesk.com/digitalbtc-signs-bitcoin-mining-hardware-deal-bitfury/

[gogxmagog]

from SFARDS website:

The SFARDS team has many years of experience with ASIC technology.

Our microchip team has extensive experience with Intel microelectronics, with our senior management coming from Gridseed and Vimicro electronics’ core research to create the most complete team we possibly could.
Members of the SFARDS team were responsible for designing and mass-producing the world’s first bitcoin mining chip.

Is just me thinking it is about FriedCat?

I for one am waiting for FC to show up somewhere at the competition. I'm sure they'd take him in but at least try to keep it hush-hush. I sp. if they are only doing corporate deals, they're all cut throats so why not

What is his real name again? Anybody got it? If I can find him it's going to be broadcast everywhere. The mfckr

[jdany]

What is his real name again? Anybody got it? If I can find him it's going to be broadcast everywhere. The mfckr

I have him in my contacts as XY Jiang.  Don't know if that's right or not.

[gogxmagog]

here's the most info I can find on the guy.

https://bitcointalk.org/index.php?topic=974893.90;imode

FC real name appears to be Xinyu Jiang also known as Brandon Lu or Della Lu, accordingly to ninjabot, nubbins and others


And the factory is not located at Mongolia but HuaiAn City, JiangSu Province

but honestly, if I had ... how many millions? ... and wanted to disappear... AND I already was from SE asia area.... youd never see hide nor hair of me again. Lets hope he does something stupid, loses it all gambling, gets sloppy and gives away his location...

and who the hell was holding a lot of AM shares anyway? private shares i will assume? they were all in since IPO? already made a huge profit, so written the whole deal off?

I have to stop obsessing about this. its only money i guess, but geez louise man!

[xstr8guy]

We all know that Bitmain will just keep raising prices on us due to no competition.

It's bad for the market that BitFury went commercial cloud only. (and I still can't see how corporate cloud mining is any different, cloud mining is a loss for the customer so why would large companies buy large amounts of cloud mining?) 

(ref:) http://www.coindesk.com/digitalbtc-signs-bitcoin-mining-hardware-deal-bitfury/

Bitfury (and its partners) haven't sold a retail miner in well over a year.

[flyingplows]

I finally got my balance from amhash.com back. I wrote several times to support@bitquan.com, but got no answer until a few days ago they sent me all amhash.com balance to a withdrawal address specified on amhash (got no reply email either). Their site closes in a couple of days and all goes into oblivion...
So if you didn't get your balance yet - write to the email mentioned, provide your balance, address etc and wait for incoming...

[SebastianJu]

here's the most info I can find on the guy.

https://bitcointalk.org/index.php?topic=974893.90;imode

FC real name appears to be Xinyu Jiang also known as Brandon Lu or Della Lu, accordingly to ninjabot, nubbins and others


And the factory is not located at Mongolia but HuaiAn City, JiangSu Province

but honestly, if I had ... how many millions? ... and wanted to disappear... AND I already was from SE asia area.... youd never see hide nor hair of me again. Lets hope he does something stupid, loses it all gambling, gets sloppy and gives away his location...

and who the hell was holding a lot of AM shares anyway? private shares i will assume? they were all in since IPO? already made a huge profit, so written the whole deal off?

I have to stop obsessing about this. its only money i guess, but geez louise man!

Are there still now infos? His wife still waiting or did she disappear (move to him) silently now? But maybe he wanted to exchange his wife anyway too. Oo

So police is still searching for him and nothing changed?

I cant believe he is a scammer though. He most probably had way better situations where he could run with way more money. Getting 10% more with already having that amount doesnt make much sense to me. So for now i think the best explaination is him being kidnapped. I mean if a criminal organisation gets the idea to get money with bitcoin then the first idea would be stealing it. And friedcat looked like an easy target.

Maybe he only could not take the stress and took some time out in a hut at a lake or so. But that doesnt sound likely.

[Chris_Sabian]

He did not scam, he just ran or couldn't handle the pressure, after his whole business went to pieces.

First of all he skipped a batch of chips because they did not perform well.
Regarding the next generation of chips, they did not sell well.
In the mean time, tried to build and sell miners, did not go well.
Even the liquid cooling company he had a deal with got bought by a competitor.
Depressing bitcoin prices didn't help the profitability of his chips and miners.
Cloud mining looked very promising, until his whole farm got stolen.
And in the end he did not succeed to secure enough money for a new batch of his 'promising' next generation chips.
Too many setbacks in less than a year.

Hmm, how many reasons do you need....

Sad but very true.

[flyingplows]

He did not scam, he just ran

Of course the Chinese guy did not scam...
Sure, he just ran with the money and the miners to establish a farm elsewhere... (not that I would believe it was not all planned and that EVERYONE in AM, not even talking about his relatives, laugh about this story that he is "missing"; missing where? on bitcointalk? lol   )

[irritant]

maybe Jacky can find him

[primeminer]

maybe Jacky can find him

and this looks like the last card in the book "Entering the Future of ASIC mining by Inventing It" By Fried CAT (2013-2015)

[VeeMiner]

maybe Jacky can find him

and this looks like the last card in the book "Entering the Future of ASIC mining by Inventing It" By Fried CAT (2013-2015)

RIP thread