ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fordee]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://asktom.cf/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

Phrased differently, at what point did the board members all start to dump their shares?    Lots of constant imports since December to Havelock...   If the board was aware that there was no money to place a BE300 order, why even bother with sample chips... and did they use the information to dump discretely?

My guess is that Bitfountain had no need to 'dump shares' as they already controlled the wallets per se..    Did any board members have the opportunity to bail before Friedcats disappearance became 'Public' information?

[MidwestMiner]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

Had this been disclosed I am sure that AM could have raised the funds easily by issuing shares or taking out a traditional loan in some form. Seems straight up scam my now.

[MidwestMiner]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://asktom.cf/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

100% true and if this was information that board members had access to, then I would like to know if these members sold shares based on this priveliged information. 

[mc_lovin]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

So you just run away??

[atomicchaos]

Actually I find it strange that everyone is ignoring the fact that FC didn't place a wafer order before his disappearance. He was supposed to have chips in hand in February so the order was supposed to be placed in December or early January. This never happened, yet nobody is complaining about this. If we ignore all the recent facts the problem is still there. They never intended to have miners with BE300 chip. Not on this financial situation.

Right. The order should have been placed in the 2nd week of December 2014 after the BE300s had been successfully tested in single and multi-chip board configurations. https://asktom.cf/index.php?topic=888260.0

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

If this is true, the game was up last year already. All this shady disappearance / empty office / stolen farm business is just kabuki theater.

100% true and if this was information that board members had access to, then I would like to know if these members sold shares based on this priveliged information. 

Lets play along.. Let's say they knew, it wouldn't change anything at all. Unregulated securities are just that.

[freedomno1]

Q) With regards to the AM situation, could you elaborate on the what HashLord is and the role it played in AMHash?
A) I am sorry for the potential confusion. Hashlord was coined in reference to Landlord as the entity who is in control of the hashing power. At the current time it is not clear WHO that entity really was (Operator/AM/RM/FC/Third party). Obviously the operator can always become the Hashlord by replugging the mining devices. That may have been the case - but there is no data to confirm that.


Regards

I was curious what the heck a Hashlord was but It makes sense it was the one controlling the Hash
Also nice nickname he-he sounds like a Magic the Gathering GM
Fear the Hashlord
Anyways thanks for taking the time to answer those Q@A's

[yuchuanzhen]

Breaking News:

Base on some reliable source,Friedcat went to Thailand on Feb 16.
But there are still no entry record(the record back to China).

Link: http://weibo.com/2242645650/C8NXWuSw1

[romerun]

It's also possible FC went camping around his own backyard.

[CanaryInTheMine]

It's also possible FC went camping around his own backyard.

I heard he went to climb Mount Everest then he's heading over to the South Pole.

[Whtwabbit]

Are you sure Friedcat and Putin are not the same person, he's missing as well 

[bones]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

Canary, I have always found you to be an honest person.  So I put some weight in what you say.  That said...

Have you seen any actual proof that the wafer order was not made, or is this all hearsay?
And if you saw no proof, is it not plausible that you were misinformed, whether that was malicious or not?

Edited to add.  The last we were all told IIRC, was that there was enough btc / money available to keep us going even with a depressed btc price for quite some time.

[silverfuture]

It's also possible FC went camping around his own backyard.

You've been watching "Better Call Saul", haven't you?

[HarmonLi]

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

Canary, I have always found you to be an honest person.  So I put some weight in what you say.  That said...

Have you seen any actual proof that the wafer order was not made, or is this all hearsay?
And if you saw no proof, is it not plausible that you were misinformed, whether that was malicious or not?

Edited to add.  The last we were all told IIRC, was that there was enough btc / money available to keep us going even with a depressed btc price for quite some time.

Well I think Jutarul - who is a board member also said something along those lines. I think a couple of pages ago he revealed what the board actually knows and it doesn't look too good.

[RoadStress]

I'm not an AM fanboy, I was an AM shareholder.

When have you liquidated your shares?

Chips weren't ordered because there was no money to pay for the order.  Attempts at securing necessary funds failed. So the order was never placed due to the lack of funds.

This information should've been released for all shareholders. Keeping this secret is a bad thing for everyone. Another fail from AM.

[michaelGedi]

It's also possible FC went camping around his own backyard.

[HarmonLi]

I'm not an AM fanboy, I was an AM shareholder.

When have you liquidated your shares?

Well hopefully (for him) quite some time ago. Right now it really doesn't seem to make any sense to liquidate any more. It's just a penny stock now and a big gamble on an improbable resurrection at some point in the future!

[michaelGedi]

this is actually really depressing... the one and only shining beacon of the securities section proved, after all, to be just like all the others.

worst of all, lambchops was right 

only thing left to do is cry 



now, more importantly, how do I unsubscribe from thread updates??

[HarmonLi]

this is actually really depressing... the one and only shining beacon of the securities section proved, after all, to be just like all the others.

worst of all, lambchops was right 

only thing left to do is cry 



now, more importantly, how do I unsubscribe from thread updates??

Yeah, it's depressing. I also though that lamby being right just makes the whole thing *so much* worse. You can just hit 'unsubscribe' at the top of the thread, right on top of the first post of a page.

[lophie]

Wow I did not forsee ASICMINER go that low and end as a venture like this...... I am glad I exited at 0.15, At least whatever I had left, I got the principle, Since I am an IPO investor.

So how can we get REAL information about what happened to Friedcat?

[HarmonLi]

Wow I did not forsee ASICMINER go that low and end as a venture like this...... I am glad I exited at 0.15, At least whatever I had left, I got the principle, Since I am an IPO investor.

So how can we get REAL information about what happened to Friedcat?

I guess the only thing left for us to do is wait for him to show up / be found. Maybe the digging done by those who put a bounty on his head also pushes things forward, but I don't approve of those measures.