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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3917021 times)
teek
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February 21, 2016, 04:11:20 AM
 #26841


What was your role in AM anyways, you seemed to be one of the first investors, the only one on the board that i remember posting some updates for us other than friedcat, and you sold at least 11000BTC worth of AM stock just on this forum before the downfall(sweet timing).

i wish that were the case..  wtcr.ca was one of the first re-sellers,  i was not on the board since before the launch of be100,  i was cut on the first list trim because i dumped a chunk of my shares early.  i had contact with FC due to our reseller relationship.

i also re-invested before be300 like a moron because i was pumped about it and selling it through wtcr.ca and building a new farm,  also wtcr.ca was burned by AM for remaining stock and never getting bad prismas swapped out,  am still owes us money.

i unfortunately believed in FC,  i don't know why you think i sold am shares on this forum because i did not. 
ZyclonRacerX
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February 23, 2016, 08:34:53 PM
 #26842

...
I believe his question is directed to Jutarul.

...whose last post was on: April 14, 2015; Last Active: Today at 07:44:28 PM Smiley
ewibit
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February 25, 2016, 08:20:15 PM
 #26843

is there perhaps any liaison from ASICMINER to this?
https://bitcointalk.org/index.php?topic=1072474.0
the chips came from another manufacture in china which called bitmain.
and here possible a connection?

https://www.jua.com/

bones
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April 04, 2016, 04:16:10 AM
 #26844

So i realised i was still holding shares, tried to dump them on havelock, theres a bid for
170/210   ฿0.00326999   ฿0.5559
I tried to sell into it, and my deal is stuck as pending.   I am guessing it is a false havelock buy (pump) and they wont allow the sale to go through.
Anyone have any ideas as to what else it could be?  Makes me think havelock are shadier than I gave them credit for.
SebastianJu
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April 25, 2016, 05:49:11 PM
 #26845

So i realised i was still holding shares, tried to dump them on havelock, theres a bid for
170/210   ฿0.00326999   ฿0.5559
I tried to sell into it, and my deal is stuck as pending.   I am guessing it is a false havelock buy (pump) and they wont allow the sale to go through.
Anyone have any ideas as to what else it could be?  Makes me think havelock are shadier than I gave them credit for.

I think trading of the shares was halted when it became clear that friedcat vanished. Or was killed. Or whatever happened to him. Anyway, the company is dead. Trading such shares was useless.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
Pompobit
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April 25, 2016, 10:37:06 PM
 #26846

So i realised i was still holding shares, tried to dump them on havelock, theres a bid for
170/210   ฿0.00326999   ฿0.5559
I tried to sell into it, and my deal is stuck as pending.   I am guessing it is a false havelock buy (pump) and they wont allow the sale to go through.
Anyone have any ideas as to what else it could be?  Makes me think havelock are shadier than I gave them credit for.

so, did you manage to sell your last shares? I'm a bagholder on havelock too Wink
BTC-Joe
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April 26, 2016, 07:55:06 AM
 #26847

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh
SebastianJu
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April 28, 2016, 01:31:01 AM
 #26848

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
BTC-Joe
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April 28, 2016, 03:38:31 AM
 #26849

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin
qwk
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April 28, 2016, 06:56:13 AM
 #26850

In other words a textbook ponzi scam.  Grin
I wouldn't necessarily say so, as far as I remember AM paid out more than it received in investors' funds.
It was only a bad investment for latecomers who paid more than the IPO price per share (to former holders, not to AM).

Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
xhomerx10
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April 28, 2016, 12:15:46 PM
 #26851

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin

 Asicminer was nothing like a Ponzi.  It was a typical startup that had early (huge) success but was later plagued with production issues.  They refunded/replaced all defective machines from their last project and simply did not have the funds to produce another generation of ASICs in a tight marketplace.  They supplied mining equipment for a joint venture (cloud mining) and the machines were purportedly stolen.  Beyond that part of the story it gets rather murky even somewhat intriguing and leads to the disappearance and possible death of the would be President - Friedcat.  In my books, he's still an awesome guy and I hope he is alive and well.
Lincoln6Echo
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April 28, 2016, 12:48:21 PM
 #26852

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin

 Asicminer was nothing like a Ponzi.  It was a typical startup that had early (huge) success but was later plagued with production issues.  They refunded/replaced all defective machines from their last project and simply did not have the funds to produce another generation of ASICs in a tight marketplace.  They supplied mining equipment for a joint venture (cloud mining) and the machines were purportedly stolen.  Beyond that part of the story it gets rather murky even somewhat intriguing and leads to the disappearance and possible death of the would be President - Friedcat.  In my books, he's still an awesome guy and I hope he is alive and well.


Well, than you have to Mark Karpeles to the good guy list, too.  Roll Eyes In my opintion friedcat took the remaining money, shared with a few boardmembers to keep them quite and dissapeared while spreading some rumors about his own death. Not my exact defintion of a good guy.
xhomerx10
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April 28, 2016, 04:29:57 PM
 #26853

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin

 Asicminer was nothing like a Ponzi.  It was a typical startup that had early (huge) success but was later plagued with production issues.  They refunded/replaced all defective machines from their last project and simply did not have the funds to produce another generation of ASICs in a tight marketplace.  They supplied mining equipment for a joint venture (cloud mining) and the machines were purportedly stolen.  Beyond that part of the story it gets rather murky even somewhat intriguing and leads to the disappearance and possible death of the would be President - Friedcat.  In my books, he's still an awesome guy and I hope he is alive and well.


Well, than you have to Mark Karpeles to the good guy list, too.  Roll Eyes In my opintion friedcat took the remaining money, shared with a few boardmembers to keep them quite and dissapeared while spreading some rumors about his own death. Not my exact defintion of a good guy.

 Actually I don't have MagicalTux on the good guy list.  I didn't have any dealings with him or MtGox and formed no opinion until I read about the backlog of withdrawals and started to hear rumours of missing Bitcoins. When I saw Kolin Burges confronting him about the missing Bitcoins, that's the point where Karpeles became a permanent fixture on the bad guy list.  He's a douche.
 
SebastianJu
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April 28, 2016, 07:59:16 PM
 #26854

In other words a textbook ponzi scam.  Grin
I wouldn't necessarily say so, as far as I remember AM paid out more than it received in investors' funds.
It was only a bad investment for latecomers who paid more than the IPO price per share (to former holders, not to AM).

Right... it could have never been a ponzi because the profit was way way higher than the worth of the investments...

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
xhomerx10
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April 28, 2016, 08:37:40 PM
 #26855

In other words a textbook ponzi scam.  Grin
I wouldn't necessarily say so, as far as I remember AM paid out more than it received in investors' funds.
It was only a bad investment for latecomers who paid more than the IPO price per share (to former holders, not to AM).

Right... it could have never been a ponzi because the profit was way way higher than the worth of the investments...

 Yes certainly a lot of Bitcoins were made from the sale of mining product and the mining of Bitcoin in the pool(s).  This was definitely not a Ponzi.
bitsalame
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May 04, 2016, 11:42:50 AM
 #26856

Dividends incominnnggg....
cesmak
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May 04, 2016, 12:17:40 PM
 #26857

Dividends incominnnggg....


Where ? No announcements on Havelock..... are you joking ? LOL Smiley
bitsalame
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May 05, 2016, 02:52:01 AM
 #26858

Dividends incominnnggg....


Where ? No announcements on Havelock..... are you joking ? LOL Smiley

gotta keep the tradition... (sigh)
IOTUSA
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May 06, 2016, 02:45:43 PM
 #26859

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin

Textbook Ponzi that ran for 3 years and paid out $50 million to shareholders. Yep, classic ponzi.

AcoinL.L.C
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May 07, 2016, 03:43:01 AM
 #26860

So people are looking for investments that make big promises but don't actually deliver? Hmmmm...  Huh

Asicminer delivered hugely... when one was with them from the start... they only got worse later and at the end their boss vanished...

In other words a textbook ponzi scam.  Grin

Textbook Ponzi that ran for 3 years and paid out $50 million to shareholders. Yep, classic ponzi.

Don't mind BTC-Joe, he's the guy trying out his own ponzi right now (he's trying to sell ridiculous fixed rate stakes in his "trading" firm)
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