ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 24.

Fordee

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Quote from: lucasjkr on April 17, 2015, 08:02:50 PM

What assets do you see supporting that valuation? And how valuable could the IP be for the design of a relatively simple chip whose equivalent is mass produced by many manufacturers?

Honestly I am pulling it out of my ass.. If they can contribute the bulk of the AMHash buyout wallet, almost $300,000, My spidey senses say that existing masks plus a very efficient design must be worth about $400,000...or about $1/share.. Even the market on Havelock still values this train wreck at $1.97, so I don't think $1/share is unreasonable... Note that I didnt say we'd ever see it.

lucasjkr

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What assets do you see supporting that valuation? And how valuable could the IP be for the design of a relatively simple chip whose equivalent is mass produced by many manufacturers?

Fordee

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Quote from: flyingplows on April 17, 2015, 02:58:53 AM

Well we are now just waiting to see if AMHash (or AM if you will) fulfills AMHashLC promise (still a question after all these lies) plus returns amhash.com balances that were stolen. After that we'll see what can be done further.

Well, Considering the wallet 1FU3uhBR4bKTavbeiJXdHHs13W5bRjM7DA is already funded, I'd bet that the chances are they intend to fulfill the AMHashLC promise.. It's the cheapest way for them to get absolution from a majority of the smaller hash-rate shareholders.. Larger ones are probably still to disorganized to put together a lawsuit, unless they're already in China..and even then, there is probably a maximum liability to the cost of the gear itself that they owned a portion of.

Regardless, roll your dice before April 20th, or you lose your chance to get anything back, unless you own a high-priced lawyer.

I still feel that AM itself has to be worth at least a $1/share (asset wise) ... whether anyone else ever see's that value out is a different story.

flyingplows

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Well we are now just waiting to see if AMHash (or AM if you will) fulfills AMHashLC promise (still a question after all these lies) plus returns amhash.com balances that were stolen. After that we'll see what can be done further.

freedomno1

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Learning the troll avoidance button :)

Quote from: lucasjkr on April 16, 2015, 04:44:21 PM

Quote from: Holographic on April 16, 2015, 03:18:27 PM

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

And by doing that, I saw that this thread was updated and had to check... Which in turn will cause some one else to, and so forth...

In essence we are just progressing in this thread at a snails paste now
Checking if there was anything noteworthy.

lucasjkr

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Quote from: Holographic on April 16, 2015, 03:18:27 PM

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

And by doing that, I saw that this thread was updated and had to check... Which in turn will cause some one else to, and so forth...

Fordee

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Well, as poor as AM seems to be, they still came up with almost $300,000 to settle the AMHash fiasco.. (3000BTC Fully funded buyback), ..

Didn't bitfountain have 3 primary investors? (Plus all of us suckers?)... Shares are probably still worth about a $1 or so each for a future buyout when they shut the doors. Keep your address active, you may eventually see a few dollars for those few hundred direct shares, even if they can't be transferred, you are not missing out on much.

Holographic

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Global Currency for Global Unity

This is the first day in ages I have come home from work and clicked my watchlist, and NOT seen this thread updated.

I guess that means that all hope is out then? There is no chance of getting anything out of my several hundred (sob) direct shares I take it? I know shares are still being traded on Havelock, but I guess I can't get any shares transferred.

Oh well, it was a good run while it lasted. I'm sad to see FC go rogue like this and I feel bad for people who lost money on this. Stay safe guys!

Blazed

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Quote from: gogxmagog on April 15, 2015, 09:28:29 AM

or FC just sold a whole bunch of miners "off the back of the truck" and pocketed the money. Who is Zeus miner anyway? I don't recall hearing of them before.
From the photos they provide they don't look like the 3rd biggest mine in China.

Zeus is a scrypt ASIC manufacturer and probably the largest.

bkminer

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Don't let the nam-shub in your operating system.

Quote from: explorer on April 14, 2015, 08:30:03 PM

I dumped some AM1 a few days back, and the withdrawal took ~12 hours. I emailed, and the response (after the transaction completed) was that they are processing all withdrawals manually.

I got the same email response yesterday but it's now 16 hours, no more responses from them at all. I guess Havelock can be added to the now a scam list.

My question is if the AMHashLC money will be paid into havelock where we won't be able to get it back out, or directly to an address we supply.

~~EDIT: Just called Havelock and big surprise, no answer, no voice mail... just not there during business hours. (Another one bits the dust.)~~

EDIT1: Havelock has stated they process withdrawals twice a day, I have my BTC now. Thank you, Havelock...

gogxmagog

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Ad maiora!

or FC just sold a whole bunch of miners "off the back of the truck" and pocketed the money. Who is Zeus miner anyway? I don't recall hearing of them before.
From the photos they provide they don't look like the 3rd biggest mine in China.

Fabrizio89

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lol

Chris_Sabian

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Quote from: gogxmagog on April 15, 2015, 06:27:41 AM

Quote from: cryptonit on April 15, 2015, 04:16:40 AM

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

very interesting find cryptonit

their Zeusminer forums are full of complaints, falling hashrates, no customer service. Their investors are losing money.

If it is FC and /or AM it looks like its "business as usual"

Do you think the pictures of the mine being built with the new miners, that those miners in it are AMhash/AM stolen miners?

Please explain your math

Interesting.

Those miners look like the AM Prisma and Bitmain S5. FC was talking about getting cheap electricity in northern China and FC/AM had a 'good' relationship with the local government. Whatever that means.

gogxmagog

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Ad maiora!

Quote from: cryptonit on April 15, 2015, 04:16:40 AM

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

very interesting find cryptonit

their Zeusminer forums are full of complaints, falling hashrates, no customer service. Their investors are losing money.

If it is FC and /or AM it looks like it's "business as usual" for them!

Do you think the pictures of the mine being built with the new miners, that those miners in it are AMhash/AM stolen miners?

Please explain your math

cryptonit

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Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

i am the only one who see here
http://news.zeushash.com/news/43

the disappeared amhash1 mining farm gear?

wasnt the talking about friedcat gone create a farm in northern china mongolia area?

and now a new mining company starts with Farm in Wuyuan, Inner Mongolia, China............

just instead of mining for people who already paid

the hashrate is sold again via zeus?

i have no facts but i add pieces together and they would fit pretty good together....

i i would be AM i would have a closer look at this new HalleyChina company and if its not my own gear that is working in their farm

explorer

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Quote from: bkminer on April 14, 2015, 05:06:07 PM

*sigh* I guess other than AMHash on the 20th my ASICMiner saga is over. Cashed out shares and got 2% of the BTC I had put in. (I'm not even going to look at the USD to buy the BTC.) I thought FC could pull Gen4 off but....

I still have 20 Gen 1 Blades and backplanes... for the museum I guess.

EDIT: Is anyone having problems with Havelock withdrawals ??

EDIT2: I guess it takes days now not minutes.

I dumped some AM1 a few days back, and the withdrawal took ~12 hours. I emailed, and the response (after the transaction completed) was that they are processing all withdrawals manually.

Edit:

Quote

Hello,

All withdrawals are being verified and processed manually. We are working on a new development that will make the bitcoin transfers much more secure but until then we recommend not to use your Havelock wallet for direct payments to a third party.

Thank you,
Support Team
HavelockInvestments.com

bkminer

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Don't let the nam-shub in your operating system.

*sigh* I guess other than AMHash on the 20th my ASICMiner saga is over. Cashed out shares and got 2% of the BTC I had put in. (I'm not even going to look at the USD to buy the BTC.) I thought FC could pull Gen4 off but....

I still have 20 Gen 1 Blades and backplanes... for the museum I guess.

EDIT: Is anyone having problems with Havelock withdrawals ??

EDIT2: I guess it takes days now not minutes.

flyingplows

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Quote

I'm sure that the latest bitcoin 'crash' is hurting AM and FC. If AM decides to liquidate and give some money to shareholders, it will be extremely small. I highly doubt AM has anything worthwhile in their inventory anyway.

So bad that it hurts them Cry

Luckily it doesn't hurt us cause they stole our BTC and we have nothing to worry about price drop. It's even good that it's crashing - we can buy cheap and start again. This time let's choose more wisely...

Chris_Sabian

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Quote from: flyingplows on April 14, 2015, 01:40:36 AM

Quote from: gogxmagog on April 13, 2015, 11:05:19 PM

Yup.
The correct thing to do would be to liquidate the company, distribute the btc to the shareholders, amhash included. I really wonder, inside AM, did they all get paid off? The BoD? FC is known to some real people who reside in China. Vanishing and staying in hiding is difficult. You'd need to hand out some hush money if you want to walk down the street let alone work in the industry ever again.

Well if you steal a lot of money along the way it might be quite doable - at least we can see it done, can't we Roll Eyes

And since the reputation of Asicminer is so ruined that this company is done and out of business anyway, why would they give any money instead of keeping it to themselves. The only way to get our money I would think is in court and that's a big problem because it is in China. And because of AMHashLC...

Any news on how to get our balance back from amhash.com?

I'm sure that the latest bitcoin 'crash' is hurting AM and FC. If AM decides to liquidate and give some money to shareholders, it will be extremely small. I highly doubt AM has anything worthwhile in their inventory anyway.

flyingplows

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Quote from: gogxmagog on April 13, 2015, 11:05:19 PM

Yup.
The correct thing to do would be to liquidate the company, distribute the btc to the shareholders, amhash included. I really wonder, inside AM, did they all get paid off? The BoD? FC is known to some real people who reside in China. Vanishing and staying in hiding is difficult. You'd need to hand out some hush money if you want to walk down the street let alone work in the industry ever again.

Well if you steal a lot of money along the way it might be quite doable - at least we can see it done, can't we Roll Eyes

And since the reputation of Asicminer is so ruined that this company is done and out of business anyway, why would they give any money instead of keeping it to themselves. The only way to get our money I would think is in court and that's a big problem because it is in China. And because of AMHashLC...

Any news on how to get our balance back from amhash.com?

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