AMHash1: Cost-Effective Mining Contract - page 25.

RealMalatesta

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Quote from: RoadStress on March 11, 2015, 01:59:31 PM

Quote from: ujka on March 11, 2015, 12:58:22 PM

Stop repeating this 110nm BS, AM produced 40nm chip in 2014, BE200, and built mining hardware with that chip.
To bild a 5PH/s mining farm with 110nm chip, BE100, you need:

Quote from: MrTeal on March 11, 2015, 09:23:18 AM

5PH/s isn't BE100, that's retarded. That would be 16 million chips, 500,000 blades, ~50MW of power.

People tend to get irrational exactly when they need to be rational.

This happens when they watch way too many action movies instead of learning how to manage a situation individually.

RoadStress

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Quote from: ujka on March 11, 2015, 12:58:22 PM

Stop repeating this 110nm BS, AM produced 40nm chip in 2014, BE200, and built mining hardware with that chip.
To bild a 5PH/s mining farm with 110nm chip, BE100, you need:

Quote from: MrTeal on March 11, 2015, 09:23:18 AM

5PH/s isn't BE100, that's retarded. That would be 16 million chips, 500,000 blades, ~50MW of power.

People tend to get irrational exactly when they need to be rational.

ujka

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Stop repeating this 110nm BS, AM produced 40nm chip in 2014, BE200, and built mining hardware with that chip.
To bild a 5PH/s mining farm with 110nm chip, BE100, you need:

Quote from: MrTeal on March 11, 2015, 09:23:18 AM

5PH/s isn't BE100, that's retarded. That would be 16 million chips, 500,000 blades, ~50MW of power.

finbad

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ah , I see it now.

they had free power so could pile on the 110nm junk gear, probably got it next to nothing.

free power allows for maintenance fees to go into pocket, rest gets paid to investors.

except, no one figured eventually the numbers would be too big, even for a factory.

or, got too greedy adding extra mining gear for more in pocket stuffing, and eventually popped the factory circuit which alerted someone who could not be bought off.

ujka

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Statement posted, not from AM Shareholders Board, but from David Fan (cofounder). Nothing new: FC misssing, they're headless:
https://bitcointalksearch.org/topic/m.10739094

Jayjay04

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They should just buy back all our shares as everything unfold.
The hardware wasn't our responsability, that's all !

primeminer

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Quote from: ?? on ??

^Internet=>Google=>images.

shit it seems to be too complex

primeminer

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Quote from: ?? on ??

Quote from: Kipsy89 on March 11, 2015, 09:39:48 AM

...
I suspect that maybe the food production plant was already stealing electricity and offered FC a good deal for the mining operation. So they would have sold FC cheap electricity that was in fact stolen. Does that qualify for death penalty in China?!

Right in the neck.

Quote from: ?? on ??

Quote from: primeminer on March 11, 2015, 08:43:41 AM

http://8btc.com/data/attachment/forum/201503/11/114439md5d5d572lk65jdu.png

thats the location where Fried Cat was last seen

apparently they got in trouble with local officials and got arrested as the partner site (apparently a food factory) has been stealing electricity. All people at the site and hardware has been arrested.

That is what I can understand with my limited Chinese is being said on the weibo

If that's the case, they've all been shot in the neck* Sad

*Just extrapolating from previous post by local scholars of the Chinese justice system re. China's firm stance on white-collar crime.

*Electricity thieves are usually pitted against each other in gladiatorial combat before being shot in the neck. Thusly:

Mate where do you take those pics from Huh

?

Puppet

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Quote from: Kipsy89 on March 11, 2015, 09:39:48 AM

I suspect that maybe the food production plant was already stealing electricity and offered FC a good deal for the mining operation. So they would have sold FC cheap electricity that was in fact stolen. Does that qualify for death penalty in China?!

Or instead of stealing, the food production plant was given low electricity rates, because, well, it produced food. And then they used much of that electricity to power bitcoin miners.

Kipsy89

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Relax!

Quote from: Puppet on March 11, 2015, 09:33:07 AM

I vaguely remember an argument about AMhash maintenance cost being improbably low with Chinese electricity rates, unless you got some special deal which would involve politicians. If it was pure theft, I would assume friedcat didnt know about (cant be that stupid) and he would have no reason to hide. My guess its more a case of corruption, lying about nature of the operation or straight bribing someone to obtain low prices. That might make you want to run in China, and Id expect police or media to label it as theft of electricity.

Then again, Im just guessing.

I suspect that maybe the food production plant was already stealing electricity and offered FC a good deal for the mining operation. So they would have sold FC cheap electricity that was in fact stolen. Does that qualify for death penalty in China?!

Puppet

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I vaguely remember an argument about AMhash maintenance cost being improbably low with Chinese electricity rates, unless you got some special deal which would involve politicians. If it was pure theft, I would assume friedcat didnt know about (cant be that stupid) and he would have no reason to hide. My guess its more a case of corruption, lying about nature of the operation or straight bribing someone to obtain low prices. That might make you want to run in China, and Id expect police or media to label it as theft of electricity.

Then again, Im just guessing.

MrTeal

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Quote from: AirWolf on March 11, 2015, 08:52:39 AM

Check again the second part of the translation of the Rockxie disclosed emails, they were using 110nm chips, this was a scam since day one.

So basically: The miners were not stolen, but IMPOUNDED, FC is not missing but ARRESTED, and we are totally SCAMMED BEYOND REDEMPTION.

What second part of the rockxie emails? byt411's last post was the first part, and he hasn't posted the second yet. 5PH/s isn't BE100, that's retarded. That would be 16 million chips, 500,000 blades, ~50MW of power.

AirWolf

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Havelock robbed me 170BTC

Quote from: HarmonLi on March 11, 2015, 08:43:52 AM

Quote from: AirWolf on March 11, 2015, 08:40:50 AM

Quote from: KarmaShark on March 11, 2015, 08:26:16 AM

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

It looks like FC ran away because they were stealing electricity and if this is true, the police is already chasing FC and whether they caught it or not, we are going to get nothing from him.

It has a lot of sense if they were using 110nm chips, the power consumption would have been huge...

But did FC steal electricity or was it the operators of the mining farm. I don't think that FC would be so unwise to steal electricity! 110nm chips!? They were mining with gen 3 (BE200) chips which are 40nm an consume about 0.8W/GH/s

Check again the second part of the translation of the Rockxie disclosed emails, they were using 110nm chips, this was a scam since day one.

So basically: The miners were not stolen, but IMPOUNDED, FC is not missing but ARRESTED, and we are totally SCAMMED BEYOND REDEMPTION.

KarmaShark

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Quote from: primeminer on March 11, 2015, 08:43:41 AM

http://8btc.com/data/attachment/forum/201503/11/114439md5d5d572lk65jdu.png

thats the location where Fried Cat was last seen

apparently they got in trouble with local officials and got arrested as the partner site (apparently a food factory) has been stealing electricity. All people at the site and hardware has been arrested.

That is what I can understand with my limited Chinese is being said on the weibo

What I was able to piece out was the Huaian location was being used as a cover to steal electricity. Something happened, the police were alerted and came in, arrested everyone that was involved. This was months ago, and FC has been on the run ever since. There are others saying he has ran with the money and others that do not believe this was maliciously planned. More or less in-line with the above, best we have the individual who has translated the emails to take a gander at that thread.

The end of this mystery is nearing to close.

HarmonLi

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Honest 80s business!

Quote from: elasticband on March 11, 2015, 08:44:52 AM

Quote

grapevine says, because cooperation with grilled cat food factory were detained by the police to steal electricity? ?

LOL i joked about it being for stealing electricity, you never know though.....

The translation makes me laugh, as well. It sounds like the police detained them and forced them to steal electricity for their grilled cat-food production site. Well makes sense.

elasticband

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Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote

grapevine says, because cooperation with grilled cat food factory were detained by the police to steal electricity? ?

LOL i joked about it being for stealing electricity, you never know though.....

HarmonLi

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Activity: 350

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Honest 80s business!

Quote from: AirWolf on March 11, 2015, 08:40:50 AM

Quote from: KarmaShark on March 11, 2015, 08:26:16 AM

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

It looks like FC ran away because they were stealing electricity and if this is true, the police is already chasing FC and whether they caught it or not, we are going to get nothing from him.

It has a lot of sense if they were using 110nm chips, the power consumption would have been huge...

But did FC steal electricity or was it the operators of the mining farm. I don't think that FC would be so unwise to steal electricity! 110nm chips!? They were mining with gen 3 (BE200) chips which are 40nm an consume about 0.8W/GH/s

primeminer

sr. member

Activity: 424

Merit: 250

http://8btc.com/data/attachment/forum/201503/11/114439md5d5d572lk65jdu.png

thats the location where Fried Cat was last seen

apparently they got in trouble with local officials and got arrested as the partner site (apparently a food factory) has been stealing electricity. All people at the site and hardware has been arrested.

That is what I can understand with my limited Chinese is being said on the weibo

AirWolf

full member

Activity: 140

Merit: 100

Havelock robbed me 170BTC

Quote from: KarmaShark on March 11, 2015, 08:26:16 AM

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

It looks like FC ran away because they were stealing electricity and if this is true, the police is already chasing FC and whether they caught it or not, we are going to get nothing from him.

It has a lot of sense if they were using 110nm chips, the power consumption would have been huge...

KarmaShark

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Activity: 617

Merit: 559

Quote from: HarmonLi on March 11, 2015, 08:36:57 AM

Quote from: KarmaShark on March 11, 2015, 08:26:16 AM

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

Interesting! We really need someone to translate this. Can you drop some more bits, maybe? And what do you mean by 'maybe have found FC?' Like did they rescue him... Do they know the place where he is kept(!)?

I know a very small bit of mandarin from working at BlackBerry, the rest I have tried to piece together myself with translators. Best I can tell there is speculation on that thread that they may have found the location of the stolen miners and / or Fried Cat. It could be a complete guess as well, who knows how much more information is available over there currently?

The boilerplate rumor of the police involved due to stolen electricity and internal company conflict are mentioned there as well. Once someone with much more skill than I possess in this realm shows up they can dissect that conversation and see if it offers any hope. In the end we are now waiting for the board of directors no matter what is revealed in that conversation above.

Topic: AMHash1: Cost-Effective Mining Contract - page 25. (Read 304259 times)