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Topic: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM - page 3. (Read 43769 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
I think FriedCat is not a real name. Does anyone know about FriedCat's real identity ?

No, it's a Chinese dish......

Are you serious?
Did you expect FriedCat to be a real name?

LOL!



Don't laugh at him.  He can squeeze your head to a pulp with is bare hands.

hero member
Activity: 1582
Merit: 502
I think FriedCat is not a real name. Does anyone know about FriedCat's real identity ?

No, it's a Chinese dish......

Are you serious?
Did you expect FriedCat to be a real name?

LOL!

full member
Activity: 164
Merit: 100
price of bitcoin went down.. plans were ruined.. time to run and hide. seems pretty straight forward.

Did not appear so straight forward a few months ago. For years bitcoiners worshiped him like God.

 Let's not get carried away.  We did nominate him for President but God-like worship is carrying it too far.
He's still a great man who was able to accomplish much more than most.  Perhaps he had enough of being CEO of Asicminer and carrying the whole company on his shoulders.  We may never know.


What are you talking about ? He simply stole customer funds and vanished. He is a thief.
legendary
Activity: 3808
Merit: 7912
price of bitcoin went down.. plans were ruined.. time to run and hide. seems pretty straight forward.

Did not appear so straight forward a few months ago. For years bitcoiners worshiped him like God.

 Let's not get carried away.  We did nominate him for President but God-like worship is carrying it too far.
He's still a great man who was able to accomplish much more than most.  Perhaps he had enough of being CEO of Asicminer and carrying the whole company on his shoulders.  We may never know.
full member
Activity: 271
Merit: 117
price of bitcoin went down.. plans were ruined.. time to run and hide. seems pretty straight forward.

Did not appear so straight forward a few months ago. For years bitcoiners worshiped him like God.
legendary
Activity: 2072
Merit: 1001
price of bitcoin went down.. plans were ruined.. time to run and hide. seems pretty straight forward.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
So, people have lost all hope on FriedCat ? Any information found about where is he now ?

He's chinese so I would assume he's somewhere in China laughing at the stupid round-eyes.
legendary
Activity: 896
Merit: 1001
So, people have lost all hope on FriedCat ? Any information found about where is he now ?

Yes.

And No.  There is no new information at all.  Just silence.
full member
Activity: 132
Merit: 100
So, people have lost all hope on FriedCat ? Any information found about where is he now ?
sr. member
Activity: 311
Merit: 264
This story turning into a quite interesting detective story Smiley.

So, what is the latest update here ? Have anyone heard from FC lately ?
hero member
Activity: 644
Merit: 500
Hard to read machine translations.... "roasted of the cat...."

After a bit more time, I'm wondering how this actually occurred, or why it took so long for it to be discovered? Was the hash rate, or the public key that coins were to be delivered to, were neither of those verifiable? Or did everyone just assume someone else was checking on that part?
full member
Activity: 271
Merit: 117
If there is no proper communication with AM investors we all know how it may end.

Here is a tell all story from RockMiner CEO Rock Xie...

http://www.8btc.com/amhash-rock-xie

Following translation is using Google Translate...

Quote
Crazy Xiaoqiang: The last thing to talk about AMHash

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.

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
2015年3月12日
hero member
Activity: 859
Merit: 1000
If there is no proper communication with AM investors we all know how it may end.
legendary
Activity: 1512
Merit: 1000
This story turning into a quite interesting detective story Smiley.
sr. member
Activity: 481
Merit: 250
BREAKING NEWS: Rock Xie discloses communication with Friedcat:

https://www.bikeji.com/t/1228

We need to translate this ASAP
The fact that the emails were posted as pictures isn't going to help anyone trying to translate them into english. They are timestamped late 2014 up to mid January 2015 which is around the time that FC last logged in. IMO this is really not going to give any additional information

Exactly. I can perfectly translate them, but it will take some time and if no one is interested I really won't bother to do so. Besides, it isn't any useful information at all.

I believe everyone in this thread is interested. Please Translate, it doesn't need to be perfect. Just readable is good!!!
hero member
Activity: 859
Merit: 1000
I think we are interested. your help is much appreciated.
hero member
Activity: 798
Merit: 1000
BREAKING NEWS: Rock Xie discloses communication with Friedcat:

https://www.bikeji.com/t/1228

We need to translate this ASAP
The fact that the emails were posted as pictures isn't going to help anyone trying to translate them into english. They are timestamped late 2014 up to mid January 2015 which is around the time that FC last logged in. IMO this is really not going to give any additional information

Exactly. I can perfectly translate them, but it will take some time and if no one is interested I really won't bother to do so. Besides, it isn't any useful information at all.
hero member
Activity: 859
Merit: 1000
Basically it proves beyond any doubt Asicminer's involvement which is an important piece of the puzzle. That's what I think is there.
full member
Activity: 123
Merit: 100
BREAKING NEWS: Rock Xie discloses communication with Friedcat:

https://www.bikeji.com/t/1228

We need to translate this ASAP
The fact that the emails were posted as pictures isn't going to help anyone trying to translate them into english. They are timestamped late 2014 up to mid January 2015 which is around the time that FC last logged in. IMO this is really not going to give any additional information
hero member
Activity: 859
Merit: 1000
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