bkminer
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Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
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May 04, 2015, 02:29:42 AM |
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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 Sorry if it was unclear, I emailed support@bitquan.com asking about my un-withdrawn dividends and after AMHash said they sent all the bitcoins and data to AM I received the outstanding dividends.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.
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ninjarobot
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May 05, 2015, 04:29:42 AM |
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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?
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EternalWingsofGod
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May 05, 2015, 04:41:55 AM |
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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
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primeminer
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May 05, 2015, 08:31:33 AM |
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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?
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TheRealSteve
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May 05, 2015, 09:01:51 AM |
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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
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Blazed
Casascius Addict
Legendary
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Activity: 2128
Merit: 1119
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May 05, 2015, 12:23:03 PM |
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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.
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bkminer
Full Member
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Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
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May 05, 2015, 06:53:36 PM |
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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/
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gogxmagog
Legendary
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Activity: 1456
Merit: 1010
Ad maiora!
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May 05, 2015, 07:39:44 PM |
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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
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jdany
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May 05, 2015, 07:44:35 PM |
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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.
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gogxmagog
Legendary
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Activity: 1456
Merit: 1010
Ad maiora!
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May 06, 2015, 02:11:19 AM |
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here's the most info I can find on the guy. https://bitcointalk.org/index.php?topic=974893.90;imodeFC 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!
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xstr8guy
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May 06, 2015, 02:58:14 AM |
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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.
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flyingplows
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May 06, 2015, 09:38:11 AM |
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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...
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SebastianJu
Legendary
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Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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May 06, 2015, 12:16:06 PM |
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here's the most info I can find on the guy. https://bitcointalk.org/index.php?topic=974893.90;imodeFC 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.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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May 06, 2015, 04:30:56 PM |
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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.
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flyingplows
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May 06, 2015, 07:31:59 PM Last edit: May 06, 2015, 07:48:34 PM by flyingplows |
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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 )
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irritant
Sr. Member
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Activity: 473
Merit: 250
Sodium hypochlorite, acetone, ethanol
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May 06, 2015, 07:59:15 PM |
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maybe Jacky can find him
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primeminer
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May 11, 2015, 09:44:46 AM |
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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)
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VeeMiner
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May 11, 2015, 11:32:24 AM |
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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
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flyingplows
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May 11, 2015, 06:11:27 PM |
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We must admit they ''got'' a good price for the company that was fading away anyway and could not keep with competition. It's called going out with a bang... I hope it's not a standard of what kind of people are in those other mining companies.
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primeminer
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May 11, 2015, 09:45:05 PM |
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. I hope it's not a standard of what kind of people are in those other mining companies.
this sentence is a definition of wishful thinking
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