TigerMart



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Full MemberActivity: 256Merit: 110 Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM March 02, 2015, 05:54:55 PM

Last edit: March 03, 2015, 02:11:42 PM by TigerMart #1 Quote from: amhash on March 02, 2015, 03:30:41 PM 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 =>



AM hash co-owner RockMiner once tweeted about FriedCat



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



AM hash is selling 0.0012 BTC/Ghs.3.546 Phs = 3546000 GhsLost amount at current rate (1 BTC = 263.59 USD) = (3546000*0.0012*263.59) 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://bitcointalk.org/index.php?action=profile;u=49840 AM hash co-owner RockMiner once tweeted about FriedCat

RussianRaibow



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I AM A SCAMMER







Hero MemberActivity: 630Merit: 500I AM A SCAMMER Re: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM March 02, 2015, 06:37:22 PM #3 Quote from: GermanGiant on March 02, 2015, 06:18:00 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...



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

GermanGiant



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Hero MemberActivity: 784Merit: 500 Re: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM March 02, 2015, 06:57:36 PM #6 Quote from: inBitweTrust on March 02, 2015, 06:52:11 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. The irony is, u r promotingin your signature, which predicted AM hash as a legit operation.

GermanGiant



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Hero MemberActivity: 784Merit: 500 Re: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM March 02, 2015, 08:51:38 PM #13 Quote from: inBitweTrust on March 02, 2015, 08:29:27 PM Quote from: GermanGiant on March 02, 2015, 08:21:16 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.

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. 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.

Meuh6879



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LegendaryActivity: 1512Merit: 1010 Re: Chinese Mining mogul FriedCat has stolen more than a million in AM hash SCAM March 02, 2015, 10:57:19 PM #19 Quote





Will upload police report shortly.



Edit: In light of Mr.Teal's comment, please disregard empty warehouse.



Edit2: Here's the police report. Hope you can make out the text, only had shitty phone camera







(sorry, had to redact some sensitive infos because privacies)

Will upload police report shortly.Edit: In light of Mr.Teal's comment, please disregard empty warehouse.Edit2: Here's the police report. Hope you can make out the text, only had shitty phone camera(sorry, had to redact some sensitive infos because privacies)







install miner ... without GRID and LOCKS (and ALARM) ... on a storage facility ... is not a good idea. install miner ... without GRID and LOCKS (and ALARM) ... on a storage facility ... is not a good idea.