ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Lincoln6Echo]

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

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. 

 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.  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]

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

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. 

 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.  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]

In other words a textbook ponzi scam. 

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...

[xhomerx10]

In other words a textbook ponzi scam. 

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]

Dividends incominnnggg....

[cesmak]

Dividends incominnnggg....

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

[bitsalame]

Dividends incominnnggg....

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

gotta keep the tradition... (sigh)

[IOTUSA]

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

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. 

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

[AcoinL.L.C]

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

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. 

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)

[runam0k]

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

This was not a ponzi but I think you'd be surprised how long some ponzi schemes run for and how much they pay out.

[afro25]

Hi all,

I hope you don't mind, but I've been away from Bitcoin for over three years and just today thought to check on the status of things.

Last thing I remember is (I think) our shares in ASICMINER were going into direct shares, but I'm not sure of what address I used or how to go about accessing my shares.

Any help?

Thank you!

[mobile]

Hi all,

I hope you don't mind, but I've been away from Bitcoin for over three years and just today thought to check on the status of things.

Last thing I remember is (I think) our shares in ASICMINER were going into direct shares, but I'm not sure of what address I used or how to go about accessing my shares.

Any help?

Thank you!

I can resonate with you, I stepped away from the scene for about 2 years. Came back last month. Many things have changed, while other things have not changed in the least. The altcoin scene has tripled in size I must add.....

cheers,

mobile

[gogxmagog]

Hi all,

I hope you don't mind, but I've been away from Bitcoin for over three years and just today thought to check on the status of things.

Last thing I remember is (I think) our shares in ASICMINER were going into direct shares, but I'm not sure of what address I used or how to go about accessing my shares.

Any help?

Thank you!

Fried cat went AWOL and the company died. If your shares are direct there is no way to get them, or even transfer them even if you could find a buyer. Even shares on the exchange (havelock) are unsellable. Sorry mate.

[IOTUSA]

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

This was not a ponzi but I think you'd be surprised how long some ponzi schemes run for and how much they pay out.

Not more than they take in from investors that's for sure.

[dogie]

Interestingly enough, whomever owned or controlled the domain just renewed it. I would have thought that'd be FC? https://who.is/whois/asicminer.com

[xhomerx10]

Interestingly enough, whomever owned or controlled the domain just renewed it. I would have thought that'd be FC? https://who.is/whois/asicminer.com

 Friedcat didn't want anything to do with a website I thought.  I seem to remember it was like pulling teeth to get financials too.

[SolarSilver]

Interestingly enough, whomever owned or controlled the domain just renewed it. I would have thought that'd be FC? https://who.is/whois/asicminer.com

It looks like the domain is owned by a bitcoin-domain-hoarder, they only use it to post Multi-level marketing links

Our domains are not for sale, but we may be interested in a joint venture, profit sharing or long term lease, contact us with the email address below.

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[IOTUSA]

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

This was not a ponzi but I think you'd be surprised how long some ponzi schemes run for and how much they pay out.

Oh absolutely, but none of them pay out more than they take in.

[akkidaglous4371]

Sir but where i buy Asic Block Erputer
Sent link to buying

[xhomerx10]

Sir but where i buy Asic Block Erputer
Sent link to buying

 Asic Block Erputer?  lol
I have 40 block erputers and I'll let you have them for 1 bitcoin each shipped anywhere in the world.
Damn, I thought Friedcat had logged in.