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Topic: ROCKMINER - miners using GEN3 ASICMINER chips (Read 52943 times)

member
Activity: 95
Merit: 10
January 14, 2015, 07:20:56 PM
Rockie will you be giving out any of the extra 1k AM shares you have accumalated in the last while or is this seperate?
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
yeah i would rather get 50% back than 0% like how so many bitcoin investments end for people
sr. member
Activity: 350
Merit: 250
Honest 80s business!
Wow, sad to hear that. Is hasn't even been a year now. I wish you guys all the luck in the future. Even if it's a loss for investors, at least you didn't wait until all the money has been burned. This is times more honest than what most people in the BTC world are doing!
sr. member
Activity: 284
Merit: 254
ROCKMINER shares buy back plan

Dear Shareholders,

Thank you for supporting ROCKMINER for so long term, in the past months,we designed, produced and sold thousands of miners.
RM can never be a recognized company in community, and running for so long without your investments and help.
I know you are disappointed with this situation, and feel angry about loss of money.However, as we know, BTC miners producers have suffered a long downturn term for BTC price going down in past year, lots of manufactories bankrupted as we know.
We did try our best to run the company, I still remember the first two and three months, we worked from day to night for the designing ,producing and selling, we were excited for first product R-BOX made out.Our team became a professional miners producer after months.
We were planned to save the remaining capitals for future producing investment, but after time passed and market situation changed, we don’t think we have the capacity of producing new miners in next months, because we don’t have chips and costs excluding chips still very high.
Whatever, we still feel very sorry about what ROCKMINER experienced ,and we plan to use 90%+ company capital to buy back all public shares to reduce investors loss.


We are going to buy back all ROCK shares based for :
1. No producing plan in next 6 months for miners producing is not profitable without chips.
2.We don’t have the dividend plan in next half year except there is a new profitable project,actually it’s hard to find one now.
3.We are miners producing manufactory, but we lost the main business,and we need to pay daily expenditure, we have to sell BTC for keep running company.
4.The worst situation will come for point 2 and 3, which means company will bankrupt and none money left. We don’t wanna that happen and being abused by people.
5.Lots of shareholders asked for how can they sell shares, for the liquid of ROCK is not good enough,buying back is the best way for them,or they can’t trade in anywhere else.


Buy back price:
1. 0.05BTC/share.
2. We will spend 18750*0.05=937.5BTC for buying back all public shares.


Buying schedule:
1.We will buy back on HAVELOCKEINVESTMENTS and direct shareholders.
2.Shareholders on HAVELOCKINVESTMENTS will get payment in your account; direct shareholders will get payment in your bitcoin address directly.
3.We’ll complete this plan in this week.


ROCKMINER will not quit  BTC industry, and will try our best to survive,such as lower salary, fire some employees.The best thing is finding some new investors, we don’t think there was someone who will do this,considering current market situation,

Sincerely,
ROCKMINER Team
legendary
Activity: 896
Merit: 1001
Rockminer will make a public announcement in the next 48 hours.

Stay tuned!

....... have we been havelocked again   Cheesy

Forced buy-back of all the shares at 0.01 btc or 10% of IPO?
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Rockminer will make a public announcement in the next 48 hours.

Stay tuned!

....... have we been havelocked again   Cheesy
sr. member
Activity: 328
Merit: 250
Rockminer will make a public announcement in the next 48 hours.

Stay tuned!
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
Quote
Order Book for ROCK

Trading on the open market is not currently available for this asset

why??
sr. member
Activity: 424
Merit: 250
To clarify the situation to all not in grips of AmHash hashie.co bonds.

hashie did not ever own or be managing AMhash pool. This gives the escape way for all AMhash users who purchased hashes via hashie.
Below is the link to transfer AMHash miners to Amhash itself or to havelock:
https://amhash.com/my/index.php?act=hashie_transfer

Transfer tips: BTC address is your to be paid to address NOT hashie address (dont copy hashie address unless you want your AMHash paying out to hashie /you don't:)/

as soon as we all/majority make the transfer the sooner we will see our mint.

This will NOT work with Gen1 miners as those ones where hosted by Rockminer.
Again Rockminer still is in possession of this hard and it is still hashing so it is down to Rockminer and Alex's reputation to come up with similar to AMHash transfer facility.

you may email Alex on [email protected]

as I did not have any Gen1 hashes here I leave it to the ones who have.

I dont know anything on Firehashes - where they where coming from and who would be the best person to knock at.

I hope this will help some of unlucky peeps with no hopes to retrieve their hashes and investment.

All the best
Primeminer
hero member
Activity: 574
Merit: 500
so, what are RM doing at the moment ? Designing killer miners for the new chip ?
hopefully RM comes out with reliable miners followed by AM coming out with working tube 3.0
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
so, what are RM doing at the moment ? Designing killer miners for the new chip ?
full member
Activity: 146
Merit: 100
We stopped producing new hardware temporary because production with ASICMiner's 40nm chips is not profitable right now.

... Which is of course a very smart move, as the 28nm chips are shortly going to be available..

Rockminer has proven themselves as steller designers..which takes time, effort and resources..

I'm looking forward to see what kind of mine you could create with these new .28nm beasts when the time comes..
sr. member
Activity: 284
Merit: 254
@rockxie There is a news in the market that you have stopped producing new hardware and focusing on marketing & PR for AM hash. Is there any substance in this news ?

AMHash is one of our projects that we are doing now.

We stopped producing new hardware temporary because production with ASICMiner's 40nm chips is not profitable right now.
legendary
Activity: 2226
Merit: 1052
@rockxie There is a news in the market that you have stopped producing new hardware and focusing on marketing & PR for AM hash. Is there any substance in this news ?
sr. member
Activity: 284
Merit: 254

1. The latest financial report:

https://drive.google.com/file/d/0B19Fg5c2mNTycWxvVDlITlRBRGs/view

I can't comprehend how they failed so badly. Where did the money go?

Even though AM/RM like to blame their failures on market conditions, I think they are both the cause of their own demise. I'm sure they both would have been relatively successful without the halfassed marketing/PR.

We lost nearly $137,000 by the quit of two testing mining farms. Price of  BTC keeps going down, electricity price of which is 15cents, considering the power consumption, mining more means losing more, so we have to quit.(Even you don’t mine,you also need to pay $7500 for rental and minimum electricity fee.)

And we lost a lots for the reason released on point 1.

5.
Quote
3. Dividends Plan
Given the fact of the non-ideal situation of company’s profitability, Rockminer will
save money for future development. However, if no improvements happen in the near
future, we won’t rule out the possibility to redeem our stocks at a fixed price, in order
to lower the loss of our investors.

This is almost laughable.... buy back now for fifth of the value...... great job rockxie!

So basically you and your team have sat on your ass for the last three months and lost the company 4/5s of its value......

We don't produce chips and we think it is not profitable for us to continue to produce miners, the more you produce,the more you lose.So we decided stop production in coming days temporally ,this not means we are quit of our "Mining For Everyone” plan. We are waiting for the right time to restart producing miners.

6.
just to make it public knowledge i have given some shit with rock xie via PM and the buy back figure they are looking at is 0.001, one 10th of the IPO price........ anyone else felling ripped off?

We still wanna operate company to pass though WINTER, and turn over in next year.
You asked us that you wanna  RM buy back those shares, I just told u there were someone can buy your shares at this price, not ROCKMINER buying back.

7.
rock xie, you and your team have done absolutely nothing to try and hold or create value for this company, infact you have just side lined it and are working for AM again? AM paying your wages? or still living from shareholders investments?

We do cooperate with AM now, and we don't refuse anyone to make cooperation if there was a chance. Because this can make profits for RM too.

8.
Chinese Qualitat?

Chinese way of doing business.

We haven’t done well until now,that is not our original purpose for starting this company. However, I have to refuse those words like "Chinese way " or "scam", and have to say" ROCKMINER is not dead" but trying to survive now.

9.
Seen Asicminers in local Bitcoin conferences, never saw RM.

We attended lots of local conferences in past months because of low costs in domestic traveling.

11.
well, i thought it was heat causing one or 3 of the chips to fail, hence what looked like 80GHs over the 110GHs, it was that, that was causing the high error rate and low hashing.

but having it run on BFGMiner and watching them hash on it, 3/4 of them couldn't do any better then 50% erring, and they never could do any better then 7.6GHs each.

(pool side with it was only doing 30GHs)

Anyone of you can contact us for products problem, we will find way to solve it, we have distribution center in EU and US.If you got feedback in 12 hours , pls contact us for one more time, there was only one person handling the selling,delivering and customers supports in oversea.


12. What's our plan?

1) Current running projects. We are deeply cooperating with AM now, more news will come out soon.
2) Future plan.Building farms for other investors who need electricity and space, we have the electricity and other infos.Building cloud mining brand.
3) Doing OEM and ODM on small miners like RBOX, less investment and less risk.
4) Looking for new profitable opportunities for RM.
etc.


Please move to our another official thread to keep communicating .https://bitcointalk.org/index.php?topic=632947.new#new
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
Seen Asicminers in local Bitcoin conferences, never saw RM.

i only saw them in HK presenting
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
Quote
3. Dividends Plan
Given the fact of the non-ideal situation of company’s profitability, Rockminer will
save money for future development. However, if no improvements happen in the near
future, we won’t rule out the possibility to redeem our stocks at a fixed price, in order
to lower the loss of our investors.

This is almost laughable.... buy back now for fifth of the value...... great job rockxie!

So basically you and your team have sat on your ass for the last three months and lost the company 4/5s of its value......

how is that possible?  you should have sold 3 months ago...

sr. member
Activity: 448
Merit: 250
Seen Asicminers in local Bitcoin conferences, never saw RM.
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
So this company is  a rip off and not worth going to for mining equipment as just come across their site and seen some attractive prices but this thread gives me a headache so unsure to buy as very mixed vibes. Anyone bought from them on here and awaiting products.

As far as I can tell, the hardware customers have been quite happy. The shareholders? Not so much.
legendary
Activity: 1820
Merit: 1001
So this company is  a rip off and not worth going to for mining equipment as just come across their site and seen some attractive prices but this thread gives me a headache so unsure to buy as very mixed vibes. Anyone bought from them on here and awaiting products.
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