Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM - page 11.

RocketSingh

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Quote from: ujka on March 02, 2015, 04:47:23 PM

Quote from: RocketSingh on March 02, 2015, 04:41:53 PM

Quote from: buyandhold on March 02, 2015, 04:37:49 PM

My reading is that friedcat is the one who was robbed.

Silverspoon is an alt of NotLambchop, who is an alt of crumbs, all notorious trolls.

Still, excellent thread.

But, who did the robbery ? Rock Xie ? Was not he the partner of Friedcat in AM hash ?

In any case, actual hardware stealing is a funny story for a cloud mining operation.

No need to steal the hardware - just put a lock on the warehouse and reconfigure the mining address.

Does anyone know where AM hash warehouse is/was located ?

ujka

hero member

Activity: 630

Merit: 500

Quote from: RocketSingh on March 02, 2015, 04:41:53 PM

Quote from: buyandhold on March 02, 2015, 04:37:49 PM

My reading is that friedcat is the one who was robbed.

Silverspoon is an alt of NotLambchop, who is an alt of crumbs, all notorious trolls.

Still, excellent thread.

But, who did the robbery ? Rock Xie ? Was not he the partner of Friedcat in AM hash ?

In any case, actual hardware stealing is a funny story for a cloud mining operation.

No need to steal the hardware - just put a lock on the warehouse and reconfigure the mining address.

RocketSingh

legendary

Activity: 1662

Merit: 1050

Quote from: buyandhold on March 02, 2015, 04:37:49 PM

My reading is that friedcat is the one who was robbed.

Silverspoon is an alt of NotLambchop, who is an alt of crumbs, all notorious trolls.

Still, excellent thread.

But, who did the robbery ? Rock Xie ? Was not he the partner of Friedcat in AM hash ?

In any case, actual hardware stealing is a funny story for a cloud mining operation.

buyandhold

member

Activity: 231

Merit: 43

My reading is that friedcat is the one who was robbed.

Silverspoon is an alt of NotLambchop, who is an alt of crumbs, all notorious trolls.

Still, excellent thread.

GermanGiant

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Activity: 784

Merit: 501

Quote from: inBitweTrust on March 02, 2015, 03:29:27 PM

Quote from: GermanGiant on March 02, 2015, 03:21:16 PM

Shut up F**ktard. www.cloudmining.website has already given ROI within 114 days. Do your own research before passing statement...

Hey scumbag, thanks for the non-sequitur, but just because a cloud company gives a ROI to early investors (which is a relative term depending upon when growth starts slowing) doesn't mean that it isn't a likely ponzi operation. In fact that is exactly how ponzi operations work. Thus your ROI comprised of "mining" and affiliate revenue will be at the expense of latter victims.

What are you some sort of sociopath that has no concern over the consequences of your actions to others and the bitcoin ecosystem as a whole?

It is trivial for any cloud company to prove they actually have the hashrate that supports their mining contracts with the blockchain. The fact that they aren't doing this trivial and costless task that would get them more clients is very telling.

Though we are deviating from the actual discussion, I think it is important to counter your BS, so that more people do not get blinded by the Cloud Mining 101.

1. What do u mean by ROI to early investors for a company which has got only 4 months to run ? It has got 4 months and given ROI as per commitment. This is a FACT u can not deny. It has not closed door like CEX with people's money.

2. Regarding mining address to prove hashrate, CMW has stated several times that it can not be disclosed as they sell out their freshly mined coins to cover some expense. If they disclose the mining address, it would lose weight of the fresh coins in the market, which is quite a strong logic.

inBitweTrust

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Activity: 658

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Quote from: GermanGiant on March 02, 2015, 03:21:16 PM

Shut up F**ktard. www.cloudmining.website has already given ROI within 114 days. Do your own research before passing statement...

Hey scumbag, thanks for the non-sequitur, but just because a cloud company gives a ROI to early investors (which is a relative term depending upon when growth starts slowing) doesn't mean that it isn't a likely ponzi operation. In fact that is exactly how ponzi operations work. Thus your ROI comprised of "mining" and affiliate revenue will be at the expense of latter victims.

What are you some sort of sociopath that has no concern over the consequences of your actions to others and the bitcoin ecosystem as a whole?

It is trivial for any cloud company to prove they actually have the hashrate that supports their mining contracts with the blockchain. The fact that they aren't doing this trivial and costless task that would get them more clients is very telling.

GermanGiant

hero member

Activity: 784

Merit: 501

Quote from: inBitweTrust on March 02, 2015, 02:07:05 PM

Quote from: GermanGiant on March 02, 2015, 01:57:36 PM

The irony is, u r promoting Cloud Mining 101 in your signature, which predicted AM hash as a legit operation.

I have been consistent with telling people to avoid all cloud mining from day one for multiple reasons regardless if a company seems legit or not.

With regards to Puppet's thread there is no irony if you bothered to read the disclaimer:

Quote from: Puppet on November 30, 2014, 07:39:32 AM

Disclaimer

being legit does not equal being a good investment. By and large, cloud mining has not been profitable historically, and I dont expect it will. I do not recommend you invest in (cloud) mining at all, but if you do, at least invest in a company that will actually contribute to securing the blockchain and is not extremely likely to just steal your money.

Also, being rated as legit here doesnt guarantee you anything. All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate. It doesnt guarantee they wont scam you, and it certainly doesnt imply anything about profitability.

Now stop promoting a likley ponzi, asshole.

Shut up F**ktard. www.cloudmining.website has already given ROI within 114 days. Do your own research before passing statement...

Source: http://www.cmmonitor.com/24-cloudmining-website.html

inBitweTrust

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Quote from: GermanGiant on March 02, 2015, 01:57:36 PM

The irony is, u r promoting Cloud Mining 101 in your signature, which predicted AM hash as a legit operation.

I have been consistent with telling people to avoid all cloud mining from day one for multiple reasons regardless if a company seems legit or not.

With regards to Puppet's thread there is no irony if you bothered to read the disclaimer:

Quote from: Puppet on November 30, 2014, 07:39:32 AM

Disclaimer

being legit does not equal being a good investment. By and large, cloud mining has not been profitable historically, and I dont expect it will. I do not recommend you invest in (cloud) mining at all, but if you do, at least invest in a company that will actually contribute to securing the blockchain and is not extremely likely to just steal your money.

Also, being rated as legit here doesnt guarantee you anything. All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate. It doesnt guarantee they wont scam you, and it certainly doesnt imply anything about profitability.

Now stop promoting a likley ponzi, asshole.

elasticband

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Activity: 1036

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

last share price was about 0.008 x 3546000 = 2836.8 x 265 = $751752

at least be real with your figures if you are going to do this........

GermanGiant

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Quote from: elasticband on March 02, 2015, 01:58:40 PM

lol

so much miss information in this thread

If you have FC's pic, how about posting that in the thread ?

elasticband

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Activity: 1036

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

lol

so much miss information in this thread

GermanGiant

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Activity: 784

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Quote from: inBitweTrust on March 02, 2015, 01:52:11 PM

Between the cloud mining ponzi's , fractional reserve mining scams, and this ... do we really need any more reason to avoid buying mining contracts?

Seriously people , bitcoin has a huge credibility problem if we allow these crimes to persist and the only solution is to mine yourself and physically control your own hardware.

I understand that prices don't make this feasible to do for a profit at the moment but with enough people boycotting these scams we can drive down ASIC prices so hobbyists can afford to break even or make a small profit from a group buy. We also need to shun people who profit from these scams like those scumbags who get paid affiliate revenue for likely ponzi scam operations.

The irony is, u r promoting Cloud Mining 101 in your signature, which predicted AM hash as a legit operation.

inBitweTrust

hero member

Activity: 658

Merit: 501

Between the cloud mining ponzi's , fractional reserve mining scams, and this ... do we really need any more reason to avoid buying mining contracts?

Seriously people , bitcoin has a huge credibility problem if we allow these crimes to persist and the only solution is to mine yourself and physically control your own hardware.

I understand that prices don't make this feasible to do for a profit at the moment but with enough people boycotting these scams we can drive down ASIC prices so hobbyists can afford to break even or make a small profit from a group buy. We also need to shun people who profit from these scams like those scumbags who get paid affiliate revenue for likely ponzi scam operations.

oldmaid

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Krypton

Being in bitcoin is like having a wife that is a prostitute. Why do we subject ourselves to all this cheating and abuse.

RussianRaibow

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I AM A SCAMMER

Quote from: GermanGiant on March 02, 2015, 01:18:00 PM

I think FriedCat is not a real name. Does anyone know about FriedCat's real identity ?

This is the team behind AM hash. May be the guy with cat pic on chest is FriedCat...

GermanGiant

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I think FriedCat is not a real name. Does anyone know about FriedCat's real identity ?

TigerMart

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Quote from: amhash on March 02, 2015, 10:30:41 AM

update

The 3.546PH AMHash's hashrates have disappeared since 25th Dec 2014. We found this problem two days later,we asked friedcat,he said it was mining farm's maintenance issues,hashrates would come back soon.But one week later,hashrates didn't come back yet.When we asked FC again, we were told that all mining devices were robbed by the partner of the mining farm.And all hashrates were out of control.
After then, FC told us that hashrates from new mining farms will be deployed, but we didn't know the amount at that time.Right now, we still don't receive any update from those new hashrates.

AMHash Team

AM hash is selling 0.0012 BTC/Ghs.

3.546 Phs = 3546000 Ghs

Lost amount at current rate (1 BTC = 263.59 USD) = (3546000*0.0012*263.59) USD = 1121628.168 USD

This is probably the biggest theft in Mining world and the reasoning of mining equipment robbery has never been heard before. FriedCat created a trusted profile on this forum over a very long time and hence no one imagined that he could scam this way => https://bitcointalksearch.org/user/friedcat-49840

AM hash co-owner RockMiner once tweeted about FriedCat

https://twitter.com/RockMinerInc/status/495534160560136192

Topic: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM - page 11. (Read 43779 times)