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Topic: AMHash1: Cost-Effective Mining Contract - page 23. (Read 304273 times)

legendary
Activity: 924
Merit: 1000
let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares

That's like three contradictions in half a sentence.

Nobody would buy it. Well, there could be some opportunistic crazies that would maybe pay a few satoshis.

There is always a more gullible sucker I am sure people will buy but for a lot lower.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares

That's like three contradictions in half a sentence.

Nobody would buy it. Well, there could be some opportunistic crazies that would maybe pay a few satoshis.
newbie
Activity: 41
Merit: 0
So, no new info, just badly translated Chinese of what we already know.

I'm kind of getting use to it,

what happened to the board member who flew out and was on the site, what was the name, who was it? any info from them?



So it sounds like we are still no closer to getting any real info. We just have to be patient and hope they find the cat and hope he is not completely fried. Well this just sucks. And Havelock will not open any trading of AMHash until they hear from them or receive some kind of dividend payment for us shareholders. I think they (HL) should at least let us sell our shares for the market value that is listed now without the value decreasing as we dump our shares. And then they can take it up with AMHash later.

But I guess that is just wishful thinking which gets us no where fast.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
So, no new info, just badly translated Chinese of what we already know.

I'm kind of getting use to it,

what happened to the board member who flew out and was on the site, what was the name, who was it? any info from them?

legendary
Activity: 826
Merit: 1004
So, no new info, just badly translated Chinese of what we already know.
full member
Activity: 154
Merit: 100
http://www.cybtc.org/article-75-1.html

UPDATE: the following info is literally wrote from David.Fan  (Co founder of ASICMINER)
    
    In the start of 2015, bitcoins are not going well. Bter and KipCoin had been stolen, there is no processing scheme until now.Years later, the Friedcat lost again, complicated plot.

    Friedcat is one of the myths of bitcoin world in China .It  used  to monopolize  30% of the whole network power.the  stock of Friedcat is highly recommended by a Genius in the network, he claimed that :you can purchase the stock arbitrarily when the price below 7 BTC .Though, The stock seems to be was a real lie, but  it can prove Friedcat is very hot the  from one side. The whole story:

    (1) On October 24th, 2014: Friedcat released the cost-effective mining contract.:work force provided by the  Friedcat, sales and management is in charged by RockMiner . The sales website is HavelockInvestments.Details are in the cost-effective mining contrac  ".

    (2) On February 28th, 2015: The platform of Friedcat-AMHash posted an announcement on its official BBS account -bitcointalk.org.It announced to stop share out bonus, because they are not received the BTC which is paid by Friedcat.

    (3) March 2, 2015: AMHash announced that s: from the beginning on December 25, 2014, a 3.546 P mine of Friedcat had been taken .And they has not received any information about the new deployment of work force  which is commitment by Friedcat.

    (4) On March 3, 2015:The principal of  RockMiner crazy XIAO QIANG public an announcement in weibo, Friedcat lost since January 25, the family has been reported.Specific reason is not clear,  some people guess 60% comes from private affairs, 40% of business pressure.All problems need to be seen, because the other people has no money in hand.

    (5) On the same day, Dongsheng Zhao claimed that he had get in touch with  the Huaian mine and get a reply  that Friedcat is fine. It will send  an announcement a few days. later

    (6) On March 4, 2015: The office of Friedcat in Shenzhen was emptied.The officer explained that the partnership team  is moving, burt the production continues to run.

    (7) On March 8, 2015: crazy XIAO QIANG released the details of AMHash , including the negotiation inthe beginning of the project . as well as the payment to Friedcat when the projects is running.

Event Analysis

    The core of event is the lost of Friedcat.There are two things: one is the personal freedom of Friedcat is restricted, he can't get in touch with the outside world.Another kind is He didn't want to be found. Which one dose the event belong to?

    Most people guessthe personal freedom of Friedcat is limited .the 3.546 P mine has been robbed.Friedcat talked with the opposite side .This seems to be reasonable.But it is hard to imagine that he will not contact with his family during the Spring Festival.

    Rumors that Friedcat turn out  20000 BTC on March 3.This is seems to be the ransom money.Things become more complicated now.
However, through the analysis, we found that the Rapt is unlikely.

    (1)The sales team of Friedcat claims that he is safe.


    (2)Crazy XIAO QIANG public an announcement in weibo, used the second person "you" directly .When a man is unsafe, warning is meaningless.So, we can also infer that Friedcat should be safe.

    (3)Dongsheng Zhao claimed that he had get in touch with  the Huaian mine and get a reply  that Friedcat is fine.

    (4)Friedcat turn out  20000 BTC on March 3.Would it be possible that others mastered his private key ?If this is the case, why he did not transfer all the money in one time, there is no need to send and receive dozens of times one day.So, Friedcat himself is still in very active with currency trading.If he cut off from the outside world why he kept issuing to others?

    Above all, the personal safety of Friedcat is not so bad.No matter where he is, we have reason to believe that he can contact with others, but he doesn't want to be found.Maybe he met some difficult things, but in any case, playing disappear games is not a solution to the problem.


Translator:    Warm Kitty
Article Link:http://www.cybtc.com/article-1671-1.html
hero member
Activity: 859
Merit: 1000
he would say that their drams were shattered, nobody could predict that, the company needs to be rebuilt an that it will have to take time.
I do not think we will hear anything other than personal grievances about this and that. Basically it shows these people had no moral fibre and are nothing but losers. This is my opinion.
sr. member
Activity: 518
Merit: 250
btw guys  Wink
what can we expect the cat could say if he showed up ?
say that he had a second thought and he will not steal our money except for the part he already spent on hookers or like to declare that he is an ice-king, because ice-queen is already taken by his hashrate reseller hashie.co (a scam within a scam) Grin
maybe he just doesn't like to laugh at his victims and tell us that he is spending our money on holidays and we can go all fuck ourselves.  Wink
legendary
Activity: 896
Merit: 1001
Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.

It basically says we are f*cked...... rockxie is as out of pocket as most and has had his bitcoin dream vanish as easy as it started all because the cat got roasted grilled baked and fried

Yep.
sr. member
Activity: 424
Merit: 250
The most sensible and logical opinion put forward so far is that FC was abducted and anally probed by little green men from outer space.

don't bring putin into it

whenever you see a green man you have to do one simple thing



cross the street
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.

It basically says we are f*cked...... rockxie is as out of pocket as most and has had his bitcoin dream vanish as easy as it started all because the cat got roasted grilled baked and fried
hero member
Activity: 798
Merit: 1000
Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?

Their English is quite poor, to be honest.
full member
Activity: 271
Merit: 117
Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.

Is not AM hash capable to translate themselves ? Are not those people behind AM hash are Chinese communicating in this forum in English ?
legendary
Activity: 1274
Merit: 1004
Well hopefully this will at least put an end to Airwolf's crap that the mine was all 110nm BE100, even if it doesn't help find a solution to getting people's money back.
hero member
Activity: 798
Merit: 1000
Amhash has also contacted me about the statement by Rock Xie above. I will translate it asap later this evening.
legendary
Activity: 1274
Merit: 1004

I think a lot gets lost in translation unfortunately. The stealing power at a food plant thing sounds more realistic to me. Stealing from Chinese government is a brilliant idea though.....not.

It does make a lot more sense than anything else. Please check http://www.chinasubsidies.com/
Food processing plants in China can get up to 70% subsidize electricity cost. That is the way government aid suppliers of first needs products. If they deployed 5 PH eating tens of MW's a day someone has clocked on it.
The chances are that FC got arrested together with the sausage Kingpin, hardware has been ceased as an evidence in the case. If FC did not get arrested he is hiding. As we all have seen BTC's on amhash wallets have moved, so that may implicit two things and neither of it looks good for us investors:

1 FC is the only one who has got private key's to the wallets and he is making his way far away from China using our money
2 FC is NOT the only one person having access to the wallets and AM members are emptying the stash

either way  it makes me feel screwed in the A hole
I doubt they're pulling 10s of MW, the Tube was a hair over 1J/GH and the Prisma was somewhat under 1J/GH, so you'd be looking more around 5MW for all their hashrate. Stealing tens of MW of from a food processing plant without it getting immediately caught would be tough; that's a massive amount of power. As an example, Del Monte runs 14 production facilities, an according to their website
Quote
In 2012, Del Monte's total electricity and natural gas usage was approximately 105,100,000 kWh and 1,739 MMcf, respectively, at production facilities, distribution centers, and research locations.
That's an average across the year of 12MW for the whole company.
legendary
Activity: 826
Merit: 1004
The most sensible and logical opinion put forward so far is that FC was abducted and anally probed by little green men from outer space.
full member
Activity: 154
Merit: 100
Some Chinese tread about Amhash with Rock Xia signatures Shared by a guy called BtcShop

12th of March 2015: https://bitcointalksearch.org/topic/20150312amhash-986246
The original blog: http://www.8btc.com/amhash-rock-xie

12th of march 2015 Google Translator:
Waited so long, and finally there is a bulletin, but the disappointing thing, it seems that no substantive content, particularly on AMHash, but also with a serious misleading, so many people think that this project is entirely RockMiner operation. Once again, I expressed disappointment at the same time last clarification.

The following description of the facts are objective facts, if there is any false, I personally would be willing to any and all liability due to bear false information.

AMHash project was commissioned RockMiner ASICMiner responsible for sales and marketing, in the face of a client's project, these operators are ASICMiner forces have been deployed in force in China's Jiangsu Huaian count. Before the project started RockMiner AMHash have experienced severe losses, the RM account was not much money (600 + BTC), we have dared to tamper with, because before proved, the more we produce chips based BE200 mining machine loss more serious.

Crazy Xiaoqiang
AMHash Project Origin:

In October 2014, when, on the one hand currency price slump, on the other hand mining machine competition heated up the stage, the mining machine manufacturers not only difficult to complete the sales plan, and sales profits again reached historic lows. According to past experience, the mining machine manufacturers to quickly handle inventory there are two main ways: external sales and self-deployment (including joining deployment). But with the emergence of large-scale mining and professional force cloud count is actually a combination of two ways: the manufacturers themselves deployment, and then calculate the force sold to customers in order to achieve clear inventory, cost recovery, and the ability to earn a profit (maintenance costs).

For AM, the company has been producing mining machine, mining machine problems but the quality and design, although the sales department in order to promote sales of all outsourcing, but has been plagued AM market downturn and the quality of their products bring torture . And this time the force has become popular cloud count, and I had many discussions and roasted cat cloud count feasibility force, as we all know, R & D programs are inherently AM mining machine specifically designed for large-scale deployment, in series, a low-cost, noise, these features mean more suitable for large-scale deployment, not suitable for family-mining.

In addition, AM hands of a few hundred K BE200 chip, if you can not be realized as soon as the remaining chips, will bring greater losses, the longer the time, the chip will be more severe devaluation (born from the chip to the time, the value of the chip has been is half of the original, S5 upcoming news has been flying out). But the chip costs still need a lot of money, the speed and the number of fund-raising has become an important factor in the ability to quickly inventory chip realized, if financing too long, will lead the mining machine to sell / deployment time stretched, will lead to huge losses, which makes the pressure greater than the mining machine.

Inevitably toward large-scale mining development group has become a consensus, and cloud solutions precisely calculate the force as long as possible to ensure the safety of the mine and electricity costs, cloud projects are generally not considered a loss of power, the rapid development of HASHNEST is one example . Based on the status AM company / industry environment and Trend, grilled cat has realized that cloud forces may really be considered the future direction of AM, after many arguments, and I think we can try grilled cat, but the key is to find electricity cheap enough space.

In late 2014 to mid-October, when the cat made roast, AM has been deployed in Huai'an several P operator force is deployed in collaboration with others, can be sold. Prior to this, I AM deployed in Huai'an completely unaware of this project, because there has been no publicly AM, just before the deployment of some of the operators know AM force, but specifically how much, and where exactly is unclear. The project, the biggest risk is that the mine safety and tariffs on these two points, I know very well, and therefore had repeatedly grilled cat confirmation. The answer is that these operators force is already deployed AM, and in the operation, the security without any problems, and very, very cheap electricity, even at the beginning of 10RMB / T / DAY prices, there is still room for price cuts. Finally, taking into account factors such as market reaction, we agreed to try to force the water 1P count.

Please note, AMHash force the operator to sell, not after the deployment of a temporary or sold out, but already exists operator force, which in fact has ruled out a lot of unknown risks, such as the deployment of the time delay, mine design unreasonable electricity result in downtime and so on.

When baked cat discuss the significance of this project, it is clear that sell grilled cat cloud calculate the force is not simply a few existing operators P force to sell, but there are long-term plan that you want to fight a long-AM brand, similar HASHNEST, so, after all remaining BE200 chip count can quickly become a force, such as BE300 even came out, do not worry too much about the problem of mining machine sales, AM can deploy your own machine, and then the count force to sell. In addition, AM and RM that time was already there, including staff seconded some cooperation, including mining machine sales, AMHash project has also become one of them.

Above is AMHash of origin.
AMHash sales force considered the historical process

In October 2014, taking into account that HAVELOCK larger customer base, good reputation influence, we decided to choose and work with them sales, the fact that we made the right choice, HAVELOCK played its role, and is a responsible platform. AMHash1 did not sell much, just over 460 TH, but because just started, did not show the effect of publicity, a lot of people also have doubts AMHash1 rate of return, and therefore did not participate. We also thought that the cloud was not considered force to engage, sell concessions so nobody interested in that direction is wrong. But then the situation was reversed, there have customers asking AMHash thing, and when it opened the second consultation phase of the project.

In late November 2014, we officially launched AMHash2 sales. After the AMHash1 sales force of 460 + T count after, hashie.co in mid-November to contact us, they want AMHash sales agents, in order to promote AMHash brands, increase sales, we have reviewed the qualifications hashie and agreed Their agent qualification, because the platforms are not familiar with, we have been asked to provide sales period hashie 30-80BTC as a deposit, and they need every day with our automated billing, sales commission income beyond the upcoming call us regret things, hashie issued a bulletin to be attacked by hackers in the end of December 2015, we have subsequently launched an emergency plan, a smooth transition to AMHash client platform (there are a few users to apply some still in the process).

AMHash2 sales and marketing AMHash1 similar, but shorter events, sold only 10 days, AMHash2 sold a total of more than 480 TH.

12 months late in 2014, we launched AMHash3, and to develop a marketing plan for Christmas. As a result of the early accumulation of reputation and customers, sales AMHash3 appeared very rapid growth in the first two-month period to sell a total of less than 1P, but the period of time in less than two weeks to sell nearly 2P more This time something happened, HASHIE claimed to have been hacked, we need to users on the move to AMHASH HASHIE or HAVELOCK up. One is based on the needs of brand building, on the other hand also because of the negative impact brought hashie black event, we accelerated the perfect platform for building and AMHash.com functions (including their own development and outsourcing core trading engine features, but ultimately not on the line), then AMHash.com on-line, the customer is responsible for platform dividends, interactive, answering to handle matters of power between different platforms customer count transfer.
AMHash mine problem

Sales are hot, we found through the mine pool API, originally mining accounts for nearly 5P count force, suddenly dropped 3P. I quickly contacted the roast cat, his reply is some failure is mine, is being maintained, will soon be restored. After a period of time yet to deal with (and mine partners appear a little contradictory), to be safe, we recommend to discontinue sales, grilled cat agreed, and decided to stop for some time, and so the new operator on the line after the force Look (you can see the last microblogging mail communication content). Stop sales force in the count of time, we have received hundreds of e-mails asking new sales force calculation time, thought quickly on the line, but due to later calculate the force not only failed to recover, even eventually disappear, and therefore new The sales force has not counted on the line. Being hundreds of emails and phone calls asking customers to continue to sell the plan, I even have a sense of accomplishment, Imagination AMHash brand has finally been recognized by the market, and before efforts were not in vain, AM can develop later, and RM can There are new developments in the space, and then, the fact that this is a fantasy.

After the count force disappears, I continued with the follow-up time for the first time as well as grilled cat communication, get back is always cooperative problem Huai'an mine, they are trying to, but did not disclose any details. And repeatedly stressed that they are producing new machines, the new operator will soon deploy forces in Ningxia and Jiangsu. Later, we all know the situation, the operator has not restored power, grilled cat a lost contact, and AM others say they do not know this thing, unwilling or unable to take responsibility.
AMHash how to deal with the problem

For this problem, recently plagued our core issues, a lot of people (customers, even AM) RM or I want to personally take responsibility, to be honest, we can not afford, or I have.

I am here to go back to RM, although the company serious losses in 2014, but the RM team would also have a great passion for the industry, thinking to do some things, but AMHash blow this thing is too great for the RM. We earn from AMHash project of more than four hundred block tens of thousands of coins and maintenance costs (all other sales have been paid to the designated address roasted cat, we have all the records to prove), in which more than three coins plus original balance currency for external acquisition of shares. Rest of the money, the time a few months we have seven or eight teams, flies extremely hard. Debu nice thing to say, we have five people on secondment to the AM (three core members, two general staff), last year and last month's wages are not paid year-end bonuses AM (currently by RM advance wages). In addition, AM still owe RM Part mining machine sales commission (simply means selling mining machine), as AMHash maintenance fee is owed several months. RM is now no longer any excess funds are our own team members to chip in struggling to stay afloat.

As for me personally, the RM project my original investment in addition to the internal and external public chips, I also added investment, one person accounted for two board seats. The project is on AM losses, had only 5,000 shares AMshares, but behind the share price 4BTC period began, has been repurchased, currently holds AMshares7278 shares, of which more than two hundred shares held on behalf of a friend for help. In order to repurchase these shares over 2000, I spent more than 3,000 BTC. And now, this part of the stock seems to have a tendency to zero (then if the cat has not appeared roast).

In addition, I am most reluctant to announce that the cat is still baked by my personal remaining 1000BTC no return (several months overdue).

On AMHash project, RM or I personally do not derive any unjust enrichment, RM or I personally can not afford at present no obligation to assume responsibility for any funds, we can do, we can only be such as AM willing to deal with this project when sidelines assist them to clarify that how much each investor compensation / bonus, help them communicate with customers, but not substantive action if the AM, we can not do anything.

David made the announcement in English mentioned "the computational that power AMHash managed by RockMiner has become unavailable", the language is very misleading, and calculate the force will AMHash brand mix spoke, giving the impression AMHash is managed by the RM. In fact, AMHash has two levels of meaning: a true force AMHash count, the second is AMHash.com the sales platform. Sales platform indeed RM team to build and maintain, and calculate the force is clearly not our responsibility and capacity, this had explained at the first time of sale.

I told David said, AMHash if not promptly deal will mark a myth shattered, he said: "What? What did not myth myth." I want to say is that it is bound to be on the History of Bitcoin an iconic time, regardless of whether the ultimate grilled cat, will mark an end to the era of personal reputation.

To be honest, it is very big blow for me, changed my views on many things. Although I know many people who like grilled cat, believed that he would come back, still do not believe the cat is subjective roast escape, but he disappeared objective facts, has given a lot of people, including me, causing injury.

To be honest, I'm tired, and I think quietly.

If the roast cat back, or front AM willing to resolve this matter, RM or they will be willing to assist all investor relations AMHash to clarify the exact compensation or dividends are sent to each investor's address.

Everything is like a dream, my main bitcoin career origin roast cat, the cat seems to finally turn the roast edge only.

Rock Xie
March 12, 2015

sr. member
Activity: 424
Merit: 250

I think a lot gets lost in translation unfortunately. The stealing power at a food plant thing sounds more realistic to me. Stealing from Chinese government is a brilliant idea though.....not.

It does make a lot more sense than anything else. Please check http://www.chinasubsidies.com/
Food processing plants in China can get up to 70% subsidize electricity cost. That is the way government aid suppliers of first needs products. If they deployed 5 PH eating tens of MW's a day someone has clocked on it.
The chances are that FC got arrested together with the sausage Kingpin, hardware has been seized as an evidence in the case. If FC did not get arrested he is hiding. As we all have seen BTC's on amhash wallets have moved, so that may implicit two things and neither of it looks good for us investors:

1 FC is the only one who has got private key's to the wallets and he is making his way far away from China using our money
2 FC is NOT the only one person having access to the wallets and AM members are emptying the stash

either way  it makes me feel screwed in the A hole
legendary
Activity: 2128
Merit: 1119
still nothing from AMhash.  Undecided If he was infact kidnapped why keep it quiet. I dont know how all that equipment could be stolen and kept quiet until they wanted it out is very improbable. Something just doesnt add up...

You really believe he was kidnapped still?  Roll Eyes

No official statements have even said or suggested he was kidnapped. That's Chinese whispers for you.

I think a lot gets lost in translation unfortunately. The stealing power at a food plant thing sounds more realistic to me. Stealing from Chinese government is a brilliant idea though.....not.
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