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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916325 times)
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May 21, 2015, 11:49:56 AM
 #26621

selling ~550 shares of ASICMINER for 0.055 BTC
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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May 21, 2015, 01:54:04 PM
 #26622


Has there been anything from the board? I can't believe that these guys are just sitting on their hands doing nothing...
What is the board expected to do? We have been duped as everybody else and most of us lost all of our BTC denominated holdings - the biggest losers of all, so to speak Sad

Jutarul traveled HK and investigated situation on site for weeks without positive outcome. Only thing left to do is to throw more good money after the bad for legal processing with practically zero chances of any return.

This ship sailed and with it the supposed idealism of bitcoin as a whole.

selling ~550 shares of ASICMINER for 0.055 BTC
Are you missing a zero here?

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May 21, 2015, 05:42:12 PM
 #26623

Jutarul went to HK? When? Could you point me to whatever post he made regarding this trip? Was that the person who went and saw a closed empty office? Please elaborate, I don't remember any in-person HK reports.
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May 21, 2015, 06:24:34 PM
 #26624

Jutarul went to HK? When? Could you point me to whatever post he made regarding this trip? Was that the person who went and saw a closed empty office? Please elaborate, I don't remember any in-person HK reports.

Very funny explanation... You know, I feel it's just a Chinese version of a scam theory kinda...
And I agree, there is nothing that can be done at this point. AM is gone and unless FC returns and refunds everyone that AM stole from, and states that he was abducted by aliens so he could not prevent the cloudmining scam, but he has the blueprints of alien next gen asics - there will be no salvation Tongue

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May 21, 2015, 09:36:40 PM
 #26625

Man... that last line aquires a whole new meaning in retrospect.

Those were the fun times! Now we live in the boring times.

selling ~550 shares of ASICMINER for 0.055 BTC

Will buy them for 0.0055 BTC after you explain me how do we transfer the ownership.

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May 21, 2015, 10:25:15 PM
 #26626

jesus, I haven't even visited havelock in a while.... I could make a sweet 0.67 BTC right now (minus fees) for my 100 shares of AM1...

I'm torn. Not if I should sell or not, but, between;

A) who the FUCK would buy them, and do I really want to hurt some poor fool and burn him of ~ half a BTC?
and
B) Do I sit on it, be kind to the community and any naive persons out there, in hopes some type of news might spike the price to...i dunno... 0.7 BTC?

I have to laugh, because otherwise, I will start to cry.
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May 22, 2015, 12:41:34 AM
 #26627

jesus, I haven't even visited havelock in a while.... I could make a sweet 0.67 BTC right now (minus fees) for my 100 shares of AM1...

I'm torn. Not if I should sell or not, but, between;

A) who the FUCK would buy them, and do I really want to hurt some poor fool and burn him of ~ half a BTC?
and
B) Do I sit on it, be kind to the community and any naive persons out there, in hopes some type of news might spike the price to...i dunno... 0.7 BTC?

I have to laugh, because otherwise, I will start to cry.

Will buy them for 0.0067!

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May 25, 2015, 04:50:50 PM
 #26628

Amazing that this thread still tops this sub-section !!! Roll Eyes

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May 26, 2015, 11:12:57 AM
 #26629

Amazing that this thread still tops this sub-section !!! Roll Eyes
Well technically it is a traded asset on an exchange
Albeit the asset is pretty much dead given the information we have or the lack of it.
 

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May 26, 2015, 11:51:57 AM
 #26630

Amazing that this thread still tops this sub-section !!! Roll Eyes
Well technically it is a traded asset on an exchange
Albeit the asset is pretty much dead given the information we have or the lack of it.
 


Is it really still traded lol? I mean I was certain or rather read in some thread here that these Chinese scammers took all they could and literally ran of the building leaving everything and not to be seen after that.
If this is true.. it's most infuriating the trading still going on for a company that is physically hiding from its angry customers Shocked What a funny story! Cheesy

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May 26, 2015, 03:29:31 PM
 #26631

Have they found the body yet?

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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May 26, 2015, 06:59:43 PM
 #26632

Have they found the body yet?

I am sure he is drinking beer somewhere or whatever they drink there far away and plans his next scam. That one will have to be undercover of course. You'll see, there will be some mining farm in Mongolia or whereever he fled offering reliable, maybe the only ones profitable after mining rewards halving Wink
Meanwhile while waiting for that he can mine for free since we bought him the hardware voluntarily. So as long as it is profitable you know what is happening with our miners...

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May 27, 2015, 07:57:32 AM
 #26633

jesus, I haven't even visited havelock in a while.... I could make a sweet 0.67 BTC right now (minus fees) for my 100 shares of AM1...

I'm torn. Not if I should sell or not, but, between;

A) who the FUCK would buy them, and do I really want to hurt some poor fool and burn him of ~ half a BTC?
and
B) Do I sit on it, be kind to the community and any naive persons out there, in hopes some type of news might spike the price to...i dunno... 0.7 BTC?

I have to laugh, because otherwise, I will start to cry.

Will buy them for 0.0067!

Why? Really, is it worth it in any way after they disappeared?

Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.
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May 27, 2015, 09:07:04 PM
 #26634

It amazes me this thread still get the daily bump.  You gents are hardcore in my book.  Smiley

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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May 28, 2015, 05:52:04 AM
 #26635

It amazes me this thread still get the daily bump.  You gents are hardcore in my book.  Smiley

still checking to see if there's anything new. Even though I sold all my shares long time ago (OMG when I rememeber the shareprice of a single share was 4 BTC!!!)
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May 28, 2015, 06:19:06 AM
 #26636

It amazes me this thread still get the daily bump.  You gents are hardcore in my book.  Smiley

still checking to see if there's anything new. Even though I sold all my shares long time ago (OMG when I rememeber the shareprice of a single share was 4 BTC!!!)
5btc...
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May 28, 2015, 04:04:02 PM
 #26637

Have they found the body yet?

I am sure he is drinking beer somewhere or whatever they drink there far away and plans his next scam. That one will have to be undercover of course. You'll see, there will be some mining farm in Mongolia or whereever he fled offering reliable, maybe the only ones profitable after mining rewards halving Wink
Meanwhile while waiting for that he can mine for free since we bought him the hardware voluntarily. So as long as it is profitable you know what is happening with our miners...

Well, obviously these miners are mining somewhere. Tongue

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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May 28, 2015, 05:48:08 PM
 #26638

Have they found the body yet?

I am sure he is drinking beer somewhere or whatever they drink there far away and plans his next scam. That one will have to be undercover of course. You'll see, there will be some mining farm in Mongolia or whereever he fled offering reliable, maybe the only ones profitable after mining rewards halving Wink
Meanwhile while waiting for that he can mine for free since we bought him the hardware voluntarily. So as long as it is profitable you know what is happening with our miners...

Well, obviously these miners are mining somewhere. Tongue

I wonder if they are mining samewhere... Maybe AM just waved middle finger with this fake story and are happy mining with the equipment we bought for them. Who can deny this? Why even bother to move the miners somewhere. Their company is done either way, so they can just mine now for themselves with the money/miners they stole.

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May 28, 2015, 08:48:55 PM
 #26639

1)
Heck, maybe someone found him before you did. That ruling out the option of the chinese guy taking off on his own.


2)
Too bad so many people got burned. So much for collective idealism and financial prosperity through Bitcoin cryptocurrency. I guess i should give up on the whole idea of "mining" before I even started.
Hey, hope you guys find the scammer.
Don't forget to have fun big boys. At least now you can say, you were part of the story, when the time for stories comes and you and all your friends are around the campfire.


3)
PS:
Just made this acc to comment, heheh. I guess i am tired of googling everything about this.(basicly the last three days instead of doing more important university related work). Those coins became popular only after the bubble burst, two or three years ago.
I ended up here after a lot of topic-crawling. Topics such as:
sha256, bitcoin, gpu mining, eruptor sticks, fpga mining or ASIC machines.(through all its stages of pre-ordering + delivery + negative ROI). Not adding the power grid costs and effort setting that up. I guess this currency has only one way to go. And that is the corporate way, where they can afford the most expensive ASICs in the first few months after manufacturer-company delivers on their purchases(before clearing up their own bills.)



4)
TL:DR
Never give up. It's the community that remains after downfalls such as these. And by the way, now this topic gives me 1000+ pages worth of reading material, considering that I was late for the party, not having invested on this myself at an earlier point(I didn't even know the bitcoin specifics a few days ago, lol).

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May 28, 2015, 09:22:51 PM
 #26640

No, this AM fiasco has been the final straw on the camel's back. Absolutely Give Up. It's over. There will never be anything in this sphere that earns a satoshi. Every last security will lose you money. They should move this entire sub in with the "investor based games" and "faucets" strictly for suckers. The best that could happen re; AM and FC? ... Cancer!
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