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Full MemberActivity: 154Merit: 100 THE AMHASH INCIDENT IN CHRONOLOGICAL ORDER, IN SUMMARY... March 19, 2015, 06:00:26 AM

Last edit: March 19, 2015, 06:52:47 AM by flame1012 #1 THE SUMMARY OF THE WHOLE STORY



Join this chat room to organize and discuss :





* Amhas postponing dividend payments during the spring festival unexpectedly.



DATE : February 08, 2015, 07:10:59 AM

USER: Amhash (

LINK:



Dear Customers,



We will pause the transaction and dividends of AMHash from 10th February to 28th February on havelock for The Spring Festival Holiday coming.And we will restart all those things in the beginning of March.



AMHash Team



----------------------------------------------------------------------------



* After people on the forum speculated about Amhash share trade would be suspended on Havelock during the spring festival.



DATE: February 09, 2015, 01:08:05 AM

USER: Havelock (

LINK:



Havelock is NOT suspending operations of our website.

The AMHASH1 fund has issued a statement that relates to a holiday break in China.

As we get more information we will make it available through the update section of AMASHA1 ON Havelockinvestments.com



----------------------------------------------------------------------------



* After erroneous last Amhash dividend payment at Havelock happened.



DATE: February 10, 2015, 08:32:37 PM

USER: Havelock (

LINK:



The Dividends paid today was entered with one too many zeros.

The remainder will be paid shortly.



2015-02-10 2015-02-10 0.00000449

2015-02-10 2015-02-10 0.00000050



-----------------------------------------------------------------------------



* The beginning of the very long Havelock outtage.



DATE: February 18, 2015, 12:34:30 AM

USER: Galdur (

LINK:



Another freakin Havelock outage. I´m beginning to get a little tired of this.



-----------------------------------------------------------------------------



* Someone expresses suspicion about Amhash hashrate declining for the first time.



DATE: February 19, 2015, 06:40:42 PM

USER: btcminer021 (

LINK:



Why's the hash rate been declining? I thought it was constant? From Nov to Dec it went from 5000TH/s to about 2500TH/s. No updated stats for 2015?



"AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total."



-------------------------------------------------------------------------------



* Havelock starts a separate thread about their long outtage.



DATE: February 20, 2015, 08:16:47 PM

USER: Havelock (

LINK:



We are updating the site at the moment and maintenance will take longer than expected.



DATE: February 20, 2015, 08:16:47 PM

We will let you know before the site will be back on.

Thank you,

The Havelock Team



-----------------------------------------------------------------------------------



* Havelock clearing some doubts.



DATE: February 23, 2015, 04:31:46 PM

USER: Havelock (

LINK:



Deposits are fine, wallet is fine, database is fine. We are still running some tests to make sure the front end and back end are not causing any glitches.



Better be safe than sorry.



-----------------------------------------------------------------------------------



* NotLambchop points out that FriedCat has not been active since January 26, 2015



DATE: February 26, 2015, 02:22:36 PM

USER: NotLambchop(

LINK:



^He might not hear you Sad

(Image showing FriedCat's activity summary)



-------------------------------------------------------------------------------------



* Amhash announces the continuation of payment delays after spring festival.



DATE: February 28, 2015, 01:52:52 PM

USER: Amhash (

LINK:



The Announcement of AMHash Dividends Suspending



Dear customers,

We are very sorry to inform you that we have to continue to delay AMHashs dividends,as we haven't received the payment from ASICMINER since 8th Feb,we are trying to communication with ASICMINER for this issue :



1. Dividends will be restarted in 24 hours as soon as ASICMINER sending us BTCs.

2. Dividends will be paid from 8th Feb and all missing dividends will be included if we get the payment.

3. Trading of AMHash1 on HAVELOCK will also be suspended until the dividends restart.

4. Any third-party platform collapse will be handled in the same way as hashie.co, AMHash will complete the hashrates transferring and subsequent dividends.



We are still in active communication with ASICMINER, please be patient,and we will update in time if we get any new information.



AMHash Team



----------------------------------------------------------------------------------------



* Havelock comes back without trading function, trading becomes available after 2 other days (March 04, 2015)



DATE: March 02, 2015, 09:17:15 PM

USER: vk3ukf (

LINK:



EDIT: I just brought up the havelock page again and this time I CAN see the normal havelock website page.

Trying to login now, WOW, HAVELOCK ARE BACK, I JUST LOGGED IN A.O.K.



----------------------------------------------------------------------------------------



* Amhash announces the "missing" hashpower after 2 months has passed.



DATE: March 02, 2015, 03:30:41 PM

USER: Amhash (

LINK:



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



(PS: The disappearance date of the haspower is the same date Hashie took off)



-------------------------------------------------------------------------------------------



* Someone claims that that the miners were seized by the chinese government.



DATE: March 02, 2015, 11:50:46 PM

USER: juiced (

LINK:



It is not stolen, Chinese authorities took it.



---------------------------------------------------------------------------------------------



* Rock Xie writes his first blog post on weibo (Chinese), talking about the incident, FC being missing and that the Amhash revival depends on his return.



DATE: March 03, 2015, 17:24

USER: Rock Xie (

LINK:



Translation by byt411 (

I have translated this in the best way possible, so that it is more understandable.



Title: Too many people have asked, so here is a general response.



AMHash is a joint project between AsicMiner and RockMiner. Rockminer is the seller for AMHash, so we are responsible to sell the hashrate, and develop the platform, collect the earnings and send out dividends, and resolve customer queries. This is because Rockminer no longer had any ASICS, and and we could only provide technical support and provide reselling services. Coincidentally, friedcat wanted to sell the hashrate, and so we cooperated and we started this project, AMHash.



About the current situation of AMHash, the best way to resolve this would be to wait for friedcat to appear and resolve this. Trying to recuperate funds via law enforcement will be of little to no use, since if we could have done anything, we would've. Now, the key is to find friedcat and have him put up the dividends, and any unrealistic/extreme acts will serve no purpose.



We didn't announce that there were problems in the datacentres for a reason. We were still negotiating with the datacentres/mines, and ASICS being mass produced (< not very sure about this part). Friedcat said that there would be more hashrate deployed in Inner Mongolia and in Hening (和宁), so 3.x Petahashes would be deployed and could fix the current problems. This meant that, friedcat said, there would be no problems as the earnings could be covered and the dividends paid out, and releasing the news would just cause unnecessary panic.



Many people were panicking, asking if AsicMiner had run for it, and asking if the mining farms/datacentres had been shut down. How are we going to run for it?



AMHash is not a lot of money to AsicMiner, and after our calculations, we only earn around 2500BTC. Who would run for this? If we wanted to run for it, we would've done so a lot earlier, and we wouldn't wait until now. Would we abandon our families? friedcat's family also reported this to the police, but we still can't find him. What we are worried about is his safety.



AsicMiner stopped some test mining farms/datacentres, since they were too costly to continue operating, and so, it is natural to shut them down.



The key point is, what happened to friedcat, even I don't know. My guess would be 60% personal issues, 40% work problems. We would only know when he comes back.



I am still talking to people from AsicMiner, including overseas shareholders. We are looking for a solution, please wait patiently.



Note: Some translations may be incorrect, such as we/I/they, since I did this in a rush and my Chinese isn't perfect, especially if I am reading Simplified Chinese.



---------------------------------------------------------------------------------------------





* Amhash denies ponzi claims of Airwolf



DATE: March 03, 2015, 03:11:35 PM

USER: Amhash (

LINK:





Quote from AirWolf's post:

"So since Dec/25/2014 you have been a PONZI, and instead of halting and come out clean on Dec/26 you continued to paint the illusion of a reputable business and allowing trade and paying dividends unsupported by real hardware?



Ok, i have dealt with this before (MtGox and PBmining) and recovered ALL the money, you know how? By gathering the biggest investors and pooling with them a REWARD OF 300 BTC for the whereabouts of YOU, YOUR FAMILY AND FRIENDS and another 300 BTC to pay for the people that is going to PAY YOU AND THEM A VISIT.



You are not dealing here with the average guy that invests 0.1 BTC, i represent a group with almost 250.000 shares, value over 250 BTC, I represent the kind of people that it is VERY DANGEROUS to mess with in any part of the world.



So i will offer you an exit: Reimburse our shares for 250 BTC or i will start the process of hunting you and your relatives and friends. You have 24 hours, after that i will start the hunt and i will make it public, so not only you will have to pay the biggest ones, but almost every little guy that sums to the hunt. It is best for you to settle this now than settle it later, check my posts in this forum, I HAVE DONE THIS BEFORE.



Be smart, be like Mark Karpeles and Jason Boyko, they are still good and their relatives too because they acted smart, they kept this private and small and ended up losing less.



You have 24 hours."





Hi,



We understood all of your guys emotion, but we still need to wait FC's appearance, when he comes back, we will solve everything very easily.



1. The mining farm happened in Dec/25/2014 was not a PONZI like you said, AM did have hashrates before that day, and they were also hurt by the farm partner.When problem happened, AM were talking and finding some way to solve it and continue to pay divs daily, how can you say that PONZI? Any problem been solved need time, hope you understand.



2. We are finding some way to solve this. Firstly,we are not sure whether FC safe. Secondly,we are not just sitting here, we are trying to move on this, talking with



AM, and board members.



Thanks,

AMHash Team



---------------------------------------------------------------------------------------------



* Some user reports about FriedCat's whereabouts



DATE: March 04, 2015, 12:35:16 AM

USER: ATC (

LINK:



The latest news according to

that FC is OK and Huai'an farm will release news soon.



*******



Messages on Bikeji translated by Kaizuki (



On the east side of said tertiary Contact Huai'an, grilled cat okay.



dong zhao:

the farm is professional eventually



lawrence sun:

the transaction with a lot of money is awful.i believe that it's not a scam but other matters unexpected



dong zhao:

i got contact with the Huai'an officer.



dong zhao:

he told me he knew what happened with fc.



dong zhao:

FC is OK and Huai'an farm will release news soon.



In the Comments Section:

Someone asks : Can you explain why the roast cat Shenzhen office (Nanshan Coast Building, East Block, 1317) has moved clear, nobody has to go to work?

Same Person says:

Another shareholder Fan Dawei (David Fan) phone (186xxxxxxx7) has been shut down!

Office move clear? What is the status? There is no work, there is office furniture it? Or completely emptied? When I used to go to work tomorrow and see.

Leaving only some of the debris and twenty-three empty table! No one at work, office supplies are gone?

Zhao and many insiders who know Huai'an, why not ask him how he knew the situation roast cat?

How do you know he was all right? Why has not come out six days a bulletin?



Anson Yellow: amhash showroom now is asicminer but rather people feel cheated



-----------------------------------------------------------------------------------------------------



* Someone reports that AsicMiner has moved their office in Shenzen



DATE: March 04, 2015, 05:21:38 AM

USER: BtcLtcNmc (

LINK:



Just FYI. AM moved out from their ShenZhen office. I can see the inside through the glass door.

The office is empty, no one there. But it doesn't mean AM is a scammer, maybe they need a bigger

office after employing dozens of new staffs.



-----------------------------------------------------------------------------------------------------



* Havelock trade engine becomes active but Amhash shares are frozen.



DATE: March 04, 2015



-----------------------------------------------------------------------------------------------------



* An announcement from AsicMiner about FriedCat's loss, and that they are unaware about the deal between FC and RockXie.



DATE: March 05, 2015, 03:48:10 AM

USER: Phasebird (

LINK:



update :



1. We have lost contact with Friedcat more than 40 days, we are now still focusing on finding him.

2. A lot of evidences we have found shows that he is safe, which is the only good news recently. In addition, all rumour around the community are baseless and untrustworthy. We know so far nothing about where has he been and where is he at the moment.

3. We have to focus on finding him currently so there are indeed some delay on replying email of

4. AMHASH project is not from sale team of ASICMINER, we know nothing about the deal between Friedcat and ROCKMINER, no one else has seen the contract between them either, therefore, we sale department of ASICMINER is not be in charge of AMHASH project, please be patient to wait till we find FC.



-----------------------------------------------------------------------------------------------------



* Havelock's late announce about Amhash trades being frozen.



DATE: March 05, 2015, 05:25:39 PM

USER: Havelock (

Link:



Last Month the AMHASH1 Fund Managers has posted this updated:



"February 8th, 2015 - Announcement of The Spring Festival Holiday



Dear Customers,

We will pause the transaction and dividends of AMHash from 10th February to 28th February for The Spring Festival Holiday coming.And we will restart all those things in the beginning of March.



AMHash Team"



During the period when our site was down, we were informed at the same time that everyone else was informed through this very thread that the AMHASH team were not able to reach anyone at ASICMIner which operates the mining farm for the AMHASH mining operation. At this time we have suspended trading on the AMHASH Fund until further information is provided to us.



We would like to remind everyone that the AMHASH operation is a joint venture between RockMiner and ASICMiner.



Thank you,

Havelock



---------------------------------------------------------------------------------------------------------



* A chinese investor BtcLtcNmc, says he heard about FriedCat's mom called the police to inform his missing.



DATE: March 07, 2015, 02:34:33 PM

USER: BtcLtcNmc (

LINK:



I heard that FC's mother had already called police! I'm just an investor, I don't even know him personally, unless I claim that FC is a scammer and took my money but it's not the fact.



---------------------------------------------------------------------------------------------------------



* BtcLtcNmc, says thas some other chinese investors are thinking of informing the police together.



DATE: March 07, 2015, 02:53:37 PM

USER: BtcLtcNmc (

LINK:



This is just second hand info, my source doesn't know her address or any other thing. I have no evidence to claim that he's a scammer, but I can tell you that some chinese investors are really talking about calling police together, I mean collective action.



----------------------------------------------------------------------------------------------------------



* BtcLtcNmc, tells that he got his information on the internet and that most chinese investors were not able to reach bitcointalk.org due to the Chinese firewall.



DATE: March 07, 2015, 03:05:43 PM

USER: BtcLtcNmc (

LINK:



I don't know them.I've just known that from the internet. But most chinese can't speak english and they can't even reach this forum because of the "Great FireWall".



----------------------------------------------------------------------------------------------------------



* Someone reports that Rock Xie has shared their correspondence with FriedCat about Amhash.



DATE: March 07, 2015, 04:44:38 PM

USER: asun023 (

LINK:



Breaking news, rock xie disclosed the details of amhash just a moment ago, click the following link of bikeji, getting the detailed information including the emails between rock xie and FC (rock xie apologize only Chinese version available in a hurry）.



https://www.bikeji.com/t/1228#reply1



Message translated by byt411 (

Translation of the first part:



About the details of AMHASH

It's already the 7th of March today, and friedcat has disappeared for 41 days. It is very surprising to me that there hasn't been a reasonable resolution to the problem.

A while before, I have talked about this with AsicMiner many times. If a company cannot function with one of their leaders missing, it means that the company is not in a good state. I noticed this some time ago, and I talked to them about it, but they kept insisting that they were fine, and they had Plan Bs and backup plans in place.



Nobody thought that it would actually happen. friedcat goes missing, and AsicMiner is basically nonfunctional. Worst of all, all other managers and leaders of the company know nothing, nothing about anything at all. They just didn't care about the operations of the company, and gave everything to friedcat to handle. The most unacceptable of all to me, is that they kept viewing the cooperation between AsicMiner and RockMiner a bad thing, and they refused to participate, and thought that I was a danger to the revenue of AsicMiner.



The truth is that that hurt me a lot. I met friedcat in 2012, I became his official distributor in 2013, selling AsicMiner products within the country. In 2014, we even formed a team, and I helped AsicMiner directly, helping them with certain things. Outside the company, I also contributed to maintain the image of AsicMiner and its reputation, because I have seen how it works, and I trust friedcat as a person. In the past year, there have been some minor and major problems in our cooperation, and many of the times was AsicMiner intentionally or not intentionally causing losses for RockMiner. I still told my team that AsicMiner doing things like that must have a reasoning behind it.



But this incident made me realize that the unique views of a person is useless. (Chinese phrase thingy) (Basically means: "Friendship and trust is useless in a cruel business world")



About AMHash, I reiterate the position of RockMiner in it; AMHash is a joint project between AsicMiner and RockMiner. AsicMiner is in charge of the hashpower, RockMiner is in charge of marketing, promotion, and the selling of the hashpower, and customer support. This is what we told the public, and this is the truth, and how the project works. Even a contract was made listing these details, but it was not officially signed, however, this does not mean that it isn't true. You should know, that even digital records count as contracts and promises these days.



Below, there is a large amount of email screenshots between friedcat of AsicMiner and rockxie of RockMiner. It basically outlines the way that dividends are distributed, mining addresses, and prices, and things like that. If there is any interest, I will translate them.



Tips are appreciated.

1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyU







Part 2 of Email translations:



Email 1:



Hey Rock Xie,

The attachment is a draft.

There are some things that can be changed:

1. What is the total hashrate we will sell? 1PH/s-2PH/s is fine.

2. The data for the other parties needs to be updated. (< Unsure)

3. Any other questions that you guys need to ask, or that havelock needs to ask.



The price for us is 1.6BTC/Ths, and the extra 0.2/Ths is the difference.



Email 2:



Hey Rock Xie,

The changes have been made to the attachment. Please check if there are errors or contradictions. Thanks!



Email 3:



Hey Rock Xie,

After our internal meeting, we have come to the conclusion that our cooperation (RockMiner and AsicMiner) is very beneficial for the both of us. The cooperation of selling and cooperation of employees is the most tight form of cooperation, but it needs to be good. (Unsure of the previous sentence) We believe that if we commence this cooperation as soon as possible, it will the best, because we can keep the passion. We will do this in steps, so that we tighten our cooperation step by step, making sure that every step won't affect either of us gravely. (Still unsure about this sentence)



Cooperation 1 - Selling of hashrate



RockMiner is in charge of selling AMHash1. The price on launch will be 0.00125 BTC, (starting price) + 10rmb (daily maintenance fee). RockMiner will earn 10% as the selling commission, and 10% as maintenance commission. The commission will be calculated on a monthly basis.



Cooperation 2 - Employee Cooperation



AsicMiner invites RockMiner employees to contribute in the research and development and management of AsicMiner. AsicMiner will pay all wages, bonuses, and extras.



If AsicMiner has any intention of paying extra bonuses, AsicMiner will negotiate with RockMiner beforehand, or it will be paid by RockMiner.

Note in red: We had quite a few projects with AsicMiner back then. Other leaders of AsicMiner were asking why Rockminer was getting 10% commission, saying that it was unreasonable, but we did not decide on this randomly, it was friedcat's decision. The truth is that, selling 1 share of hashpower was already 5-10% of profit, and RockMiner as the seller of the hashpower, did not have a simple job. It wasn't simply to sell the hashpower, it included reselling, communication with third parties, develop a trading platform ourselves, promote the brand, and many different types of customer support and PR work, even though the AMHash brand belonged to AsicMiner. That's why the 10% is fair to us, and the planned deployment was only 1PH/s, so there wasn't much profit for us.



Email 4:



1. Our BTCGUILD Pool address is 1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp21i. ghash.io Pool address is 1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh (AMHash side) and 1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6 (pool side)

ghash.io account is xxxxxx, password is xxxxxx, this account can only view stats, because AsicMiner controls the email, so ghash message cannot be changed. (<IDK).



Instant stats can be retrieved from ghash.io and BTCGUILD (67117).



2. Dividends start from the 1st of November, please give me the address.



3. In tomorrow's meeting, please remind us that we need PR people. The best would be tech press or Bitcoin Company diplomat people. (<Huh)



4. The changing of hands of the datacentres/mines has stabilized, the remaining problem is the price.





Email 5:



Hi,



1. The address can be published.

2. Use the API, publishing the account will make it get stuck. (<Huh)

3. I thought we changed it to 4th November, I want to make it earlier, but never mind, let's split it directly. Give me an address.

4. Requirements are in the attachment.



--Original--



From: Rock Xie

To: Friedcat



1. We can publish the paying addresses, right?

2. Can we publish the ghash account, or do we make it displayed by API seperately?

3. In the IPO we wrote that the first dividends would be at 00:00 on the 31st, which is 8AM beijing time. It's not a good idea to change it now, is it?

4. About the details of employing, we need to discuss the details. What requirements are needed, what the pay will be, let me make a job listing.

5. I will tell my coworkers to make a list for the mine (like construction fees, rent, deposit, deposit for electricity, etc.) as a reference, and we will calculate the exact amount later.



Email 6:



Receiving Address: 1FhdXWuBEwuDtcQovpiu7NPgP3AoDEpYre

Receiving Amount: 480 BTC

The remaining 20 or so BTC will be left in the system just in case.



Note in red: This is an accounting email that friedcat required from us.





Email 7:



Please provide or confirm the following payment methods:



1. Havelock hashpower dividends topup address.

2. Bank Account for maintenance fees.

3. iehash hashpower dividends topup address.



Also, can we negotiate with iehash, to put the price down to 1.1mBTC/Ghs, and keep it so that the price will not reduce by more than 30% of the dividends of the previous day? (< This took me 10 min to figure out.)



cat





Email 8:



1. When is the christmas holiday, from what day to what day? How to we compensate the last ones that buy hashpower? (something i dont understand)?

2. Does hashie have any opinions?

3. Extra compensation should be available for everyone, but the estimate of 200rmb/THs is too high, it should be 200rmb/machine, which is around 145rmb/THs.



---Original---



From: Rock Xie

To: Friedcat



3rd phase AMHash plan



1. Stop current selling of hashpower.

2. Publish 3rd phase plan on Bitcointalk, Havelock and hashie. Announce the christmas promotion.

3. During the promotion, lower hashpower price by 5%, maintenance fee by 5%, so price will be 1.2BTC*0.95/T=1.14 Maintenance fee will be



1.633*0.95USD/TH=1.551USD/THs/DAY



Target the direct purchase to bulk buyers.



100TH/s will get another 1% discount, so price will comparatively be 1.1286 BTC

200TH/s will get another 2% discount, so price will comparatively be 1.1172 BTC

300TH/s will get another 3% discount, so price will comparatively be 1.1058 BTC





Email 9:



Please leave around 5-10 days worth of dividends at hashie, and then subtract the rest and send it to:



1x8ggMHEhGxSe95WWE4YvyLu27M8Pcnrb





Email 10:



Hi Alex,



The address is 1x8ggMHEhGxSe95WWE4YvyLu27M8Pcnrb.



cat



---Original---



From: Huh

To: Friedcat



Hi Cat,



Received. The attachment is the total sales by HASHIE, a total of 314.92731 TH, please see the attachment for details.

We withdrew 50 BTC from hashie to Havelock to AMHash1's address as dividends (I think Rock Xie explained this to you?)

This means that the total BTC we need to give you is:

274.8636374



Also, please give me the address



Alex



Guys, sorry, but I am really tired. I've spent like an hour and a half translating this, and I really am exhausted. I will finish off the translations probably on Wednesday, since I don't think I will have time tomorrow. Sorry for some inaccuracies in the translations, but it should give you guys a general idea of what this is about. Also, addresses might be copied incorrectly, since I didn't bother to double-check them.



Tips really are appreciated.

1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyU



-------------------------------------------------------------------------------------------------------------



* Primeminer, mentions friedcats last known location and electricity theft claims.



DATE: March 11, 2015, 01:43:41 PM

USER: Primeminer (

LINK:



http://8btc.com/data/attachment/forum/201503/11/114439md5d5d572lk65jdu.png

thats the location where Fried Cat was last seen



apparently they got in trouble with local officials and got arrested as the partner site (apparently a food factory) has been stealing electricity. All people at the site and hardware has been arrested.



That is what I can understand with my limited Chinese is being said on the weibo



----------------------------------------------------------------------------------------------------------------



* David Fan's (Fan Dawei) first announcement



DATE: March 11, 2015, 04:32:19 PM

USER: Phasebird (

LINK:





UPDATE: the following info is literally wrote from David.Fan （Co founder of ASICMINER）



STATEMENT FROM DAVID.FAN



Dear customers and clients,



The last few weeks have not been easy for the company. Friedcat went missing and this caused an interruption with the business. We are slowly recovering from the loss in company leadership.



First, the company is still operating, albeit at a reduced employee count. The physical location of our new office is currently confidential to guarantee an undisturbed office environment. Our sales contact is still the same. For all other requests please contact us through our general help line

(email:



With friedcat missing, the current management of the company is carried out by David Fan temporarily. We will keep you informed of any significant changes, as we are still developing a long term solution to the current situation. We understand that many people are concerned about friedcat and his safety. We ask to not spread any misleading rumors and not pursue speculation.



Due to unforeseen events , the computational that power AMHash managed by RockMiner has become unavailable. We are sorry for the resulting damage experienced by any third parties. We are doing everything in our power to mitigate the damage.



Yours truly,

ASICMINER Management



-----------------------------------------------------------------------------------------------------------------



* Jutarul, shares some information he got from the company a few hours after David Fan's announcment



DATE: March 11, 2015, 06:10:00 PM

USER: Jutarul (

LINK:



Let me break the silence, since many have wondered about the events on the board and among major shareholders. I apologize to all who sent me messages and didn't get a reply. But the situation at ASICMINER is simply hard to diagnose without first hand information. I guess I speak for every major shareholder when I say that no one saw the current situation coming. Sure - the company has been struggling lately, in part because the window of opportunity closed quickly and ASICMINER



didn't move as fast as some of the competition. However, seeing how ASICMINER got hit by a double whammy of first loosing its farm and then its CEO is quite disturbing, to say the least.



The situation surrounding Rockminer is complex. I am saddened to see such an aggressive stand of Rockminer towards ASICMINER. I can only suspect that they are getting a lot of pressure themselves. However, there are more professional ways to deal with the issue than to clutter the internet with confidential material - that alone speaks volumes. The only excuse I can see for this is that ASICMINER so far has dealt with the situation poorly - and this is inexcusable.



The contractual obligations are currently being analyzed. So far it is clear that there seems to be no real clause which defines who is liable for events like theft or fire. Obviously, there has been no insurance plan either. The general rule for situations like these is that any clear liability assignment is commercially not viable and the affected parties have to sort it out somehow. The problem is that the product AMHash theoretically involves 5 Parties (Operator, Manufacturer, HashLord, Contract Platform, Contract Holder), of which neither has the ability to absorb the damage alone. So far the overall understanding is that ASICMINER should carry some responsibility - however, the ability of the company to deal with the current fallout is hampered. Pressuring the company to do anything which it can't deliver is not productive.



I hear that some parties are considering legal steps. Let me tell you that from experience this won't end well for anybody and only results in wasting money on the parasitic elements of our economy. What we need in the current situation is a leadership figure who seeks compromise. This crisis won't be solved overnight. If a solution is reached it's likely gonna be a 2 year plan or some form of agreeable settlement. I hope I didn't shock anybody with this assessment.



Regarding the shareholding. It has been of a lower priority. For everyone who is holding shares and has traded recently, please preserve the full trail up to the last checkpoint, which means the cryptographic signatures which are used to authorize reassignment of shares. If traded unsafely, there is no guarantee that the ownership can be confirmed. Beware of double spending vectors in OTC transactions and use escrow if possible.



I saw some claim for the board not doing its work. Unfortunately there is no job description for board members, nor do they have an official duty with the company (unless a board member decides to get actively involved with the business). The conclusion which was already drawn a long time ago is that proper assessment requires boots on the ground. But those who actually were, never developed the habit of fiduciary reporting. AM Management always enjoyed a lax handling. I am not certain whether a stronger hand would have helped though. The business is tough. One little detail though - FC was always conflicted which information to release to the board and which not - especially since some of the board members have a conflict of interest because they are working for the competition. As such we covered mostly the baseline of sticking to financial statements as required by law.



According to the latest status the BE300 is confirmed and working. However, to bring the chip to market requires FIXED COST + COST PER CHIP + BUILD OUT COST. The funding situation for this is dire and it would require a new investor or a big buyer who has to be certain that he gets what he is promised.



There are two scenarios where this could be quickly achieved:

a) A bitcoin price explosion would release dormant capital instantly shifting the reward/risk ratio.

b) A new type of investor who enjoys preferred treatment over AM Shareholders for the financing of the BE300 tech. Likely implemented as a joint venture.



I will collect further questions via PM and answer them publicly. I am certain I missed a few important points in this post.



Regards



-----------------------------------------------------------------------------------------------------------------------------





* Rock Xie, writes his 2nd blog about the Amhash incident



DATE: 2015-03-12 16:45

USER: USER: Rock Xie (

LINK: http://www.weibo.com/p/1001603819603678652587





Translation by byt411 (



First part of translation:



After so much time, we finally have an announcement. However, the disappointing part is that there is no good information, especially about AMHash, since a lot of



information was misleading, making people believe that this project was RockMiner's. I am disappointed, and I am going to clarify for the last time.



The following truth is told at a stranger/spectator/3rd party's point of view. If there is anything fake, I will assume all responsibilities caused by the incorrect



information.



AMHash is a project where AsicMiner entrusted RockMiner to be in charge of marketing and selling, and customer support. RockMiner was responsible to sell hashpower



operated by AsicMiner in Jiangsu, China. Before the AMHash project began, RockMiner had already suffered losses. We did not have a lot of money left (600+ BTC). We



refused to use it improperly, because it was proven that the more machines using the BE200 chips we manufactured, the more losses we had.



The start of AMHash:



Around November 2014, the price of Bitcoin was low, and the competition in the manufacturing of ASICS was speeding and heating up. Manufacturers could not complete



their sales project properly, and the manufacturing profit was at an all-time low. From previous experiences, there are 2 ways to clear up the stock quickly: To



sell them or to use them ourselves. But due to the switch to large-scale and industrialized mining, the reality is a combination of the 2 methods previously stated:



For the manufacturer to set it up themselves, and then sell the hashpower to customers; this way, the stock can be cleared, the cost can be earnt back + a little



more, and a bit of maintenance fee.



Tips are appreciated: 1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyU







Full translation of the blog by Google Translator:

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.



Crazy Xiaoqiang



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

March 12, 2015



-----------------------------------------------------------------------------------------------------------------------------



Join this chat room to organize and discuss : https://kiwiirc.com/client/irc.dal.net/#amhash * Amhas postponing dividend payments during the spring festival unexpectedly.DATE : February 08, 2015, 07:10:59 AMUSER: Amhash ( https://bitcointalk.org/index.php?action=profile;u=388726 LINK: https://bitcointalk.org/index.php?topic=833704.msg10392962#msg10392962 Dear Customers,We will pause the transaction and dividends of AMHash from 10th February to 28th February on havelock for The Spring Festival Holiday coming.And we will restart all those things in the beginning of March.AMHash Team----------------------------------------------------------------------------* After people on the forum speculated about Amhash share trade would be suspended on Havelock during the spring festival.DATE: February 09, 2015, 01:08:05 AMUSER: Havelock ( https://bitcointalk.org/index.php?action=profile;u=64492 LINK: https://bitcointalk.org/index.php?topic=833704.msg10400335#msg10400335 Havelock is NOT suspending operations of our website.The AMHASH1 fund has issued a statement that relates to a holiday break in China.As we get more information we will make it available through the update section of AMASHA1 ON Havelockinvestments.com----------------------------------------------------------------------------* After erroneous last Amhash dividend payment at Havelock happened.DATE: February 10, 2015, 08:32:37 PMUSER: Havelock ( https://bitcointalk.org/index.php?action=profile;u=64492 LINK: https://bitcointalk.org/index.php?topic=833704.msg10419619#msg10419619 The Dividends paid today was entered with one too many zeros.The remainder will be paid shortly.2015-02-10 2015-02-10 0.000004492015-02-10 2015-02-10 0.00000050-----------------------------------------------------------------------------* The beginning of the very long Havelock outtage.DATE: February 18, 2015, 12:34:30 AMUSER: Galdur ( https://bitcointalk.org/index.php?action=profile;u=359152 LINK: https://bitcointalk.org/index.php?topic=833704.msg10495755#msg10495755 Another freakin Havelock outage. I´m beginning to get a little tired of this.-----------------------------------------------------------------------------* Someone expresses suspicion about Amhash hashrate declining for the first time.DATE: February 19, 2015, 06:40:42 PMUSER: btcminer021 ( https://bitcointalk.org/index.php?action=profile;u=93309 LINK: https://bitcointalk.org/index.php?topic=833704.msg10514638#msg10514638 Why's the hash rate been declining? I thought it was constant? From Nov to Dec it went from 5000TH/s to about 2500TH/s. No updated stats for 2015?"AMHash1 is a mining Fund which has 5 Peta-hash per second or (5,000,000 Giga-hashes per second) in total."-------------------------------------------------------------------------------* Havelock starts a separate thread about their long outtage.DATE: February 20, 2015, 08:16:47 PMUSER: Havelock ( https://bitcointalk.org/index.php?action=profile;u=64492 LINK: https://bitcointalk.org/index.php?topic=962431.msg10533583#msg10533583 We are updating the site at the moment and maintenance will take longer than expected.DATE: February 20, 2015, 08:16:47 PMWe will let you know before the site will be back on.Thank you,The Havelock Team-----------------------------------------------------------------------------------* Havelock clearing some doubts.DATE: February 23, 2015, 04:31:46 PMUSER: Havelock ( https://bitcointalk.org/index.php?action=profile;u=64492 LINK: https://bitcointalk.org/index.php?topic=833704.msg10556451#msg10556451 Deposits are fine, wallet is fine, database is fine. We are still running some tests to make sure the front end and back end are not causing any glitches.Better be safe than sorry.-----------------------------------------------------------------------------------* NotLambchop points out that FriedCat has not been active since January 26, 2015DATE: February 26, 2015, 02:22:36 PMUSER: NotLambchop( https://bitcointalk.org/index.php?action=profile;u=263109 LINK: https://bitcointalk.org/index.php?topic=833704.msg10589230#msg10589230 ^He might not hear you Sad(Image showing FriedCat's activity summary)-------------------------------------------------------------------------------------* Amhash announces the continuation of payment delays after spring festival.DATE: February 28, 2015, 01:52:52 PMUSER: Amhash ( https://bitcointalk.org/index.php?action=profile;u=388726 LINK: https://bitcointalk.org/index.php?topic=833704.msg10610885#msg10610885 The Announcement of AMHash Dividends SuspendingDear customers,We are very sorry to inform you that we have to continue to delay AMHashs dividends,as we haven't received the payment from ASICMINER since 8th Feb,we are trying to communication with ASICMINER for this issue :1. Dividends will be restarted in 24 hours as soon as ASICMINER sending us BTCs.2. Dividends will be paid from 8th Feb and all missing dividends will be included if we get the payment.3. Trading of AMHash1 on HAVELOCK will also be suspended until the dividends restart.4. Any third-party platform collapse will be handled in the same way as hashie.co, AMHash will complete the hashrates transferring and subsequent dividends.We are still in active communication with ASICMINER, please be patient,and we will update in time if we get any new information.AMHash Team----------------------------------------------------------------------------------------* Havelock comes back without trading function, trading becomes available after 2 other days (March 04, 2015)DATE: March 02, 2015, 09:17:15 PMUSER: vk3ukf ( https://bitcointalk.org/index.php?action=profile;u=209795 LINK: https://bitcointalk.org/index.php?topic=962431.msg10635068#msg10635068 EDIT: I just brought up the havelock page again and this time I CAN see the normal havelock website page.Trying to login now, WOW, HAVELOCK ARE BACK, I JUST LOGGED IN A.O.K.----------------------------------------------------------------------------------------* Amhash announces the "missing" hashpower after 2 months has passed.DATE: March 02, 2015, 03:30:41 PMUSER: Amhash ( https://bitcointalk.org/index.php?action=profile;u=388726 LINK: https://bitcointalk.org/index.php?topic=833704.msg10631414#msg10631414 updateThe 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(PS: The disappearance date of the haspower is the same date Hashie took off)-------------------------------------------------------------------------------------------* Someone claims that that the miners were seized by the chinese government.DATE: March 02, 2015, 11:50:46 PMUSER: juiced ( https://bitcointalk.org/index.php?action=profile;u=89506 LINK: https://bitcointalk.org/index.php?topic=833704.msg10636588#msg10636588 It is not stolen, Chinese authorities took it.---------------------------------------------------------------------------------------------* Rock Xie writes his first blog post on weibo (Chinese), talking about the incident, FC being missing and that the Amhash revival depends on his return.DATE: March 03, 2015, 17:24USER: Rock Xie ( https://bitcointalk.org/index.php?action=profile;u=60803 LINK: http://www.weibo.com/p/1001603816360214946715 Translation by byt411 ( https://bitcointalk.org/index.php?action=profile;u=87671 I have translated this in the best way possible, so that it is more understandable.Title: Too many people have asked, so here is a general response.AMHash is a joint project between AsicMiner and RockMiner. Rockminer is the seller for AMHash, so we are responsible to sell the hashrate, and develop the platform, collect the earnings and send out dividends, and resolve customer queries. This is because Rockminer no longer had any ASICS, and and we could only provide technical support and provide reselling services. Coincidentally, friedcat wanted to sell the hashrate, and so we cooperated and we started this project, AMHash.About the current situation of AMHash, the best way to resolve this would be to wait for friedcat to appear and resolve this. Trying to recuperate funds via law enforcement will be of little to no use, since if we could have done anything, we would've. Now, the key is to find friedcat and have him put up the dividends, and any unrealistic/extreme acts will serve no purpose.We didn't announce that there were problems in the datacentres for a reason. We were still negotiating with the datacentres/mines, and ASICS being mass produced (< not very sure about this part). Friedcat said that there would be more hashrate deployed in Inner Mongolia and in Hening (和宁), so 3.x Petahashes would be deployed and could fix the current problems. This meant that, friedcat said, there would be no problems as the earnings could be covered and the dividends paid out, and releasing the news would just cause unnecessary panic.Many people were panicking, asking if AsicMiner had run for it, and asking if the mining farms/datacentres had been shut down. How are we going to run for it?AMHash is not a lot of money to AsicMiner, and after our calculations, we only earn around 2500BTC. Who would run for this? If we wanted to run for it, we would've done so a lot earlier, and we wouldn't wait until now. Would we abandon our families? friedcat's family also reported this to the police, but we still can't find him. What we are worried about is his safety.AsicMiner stopped some test mining farms/datacentres, since they were too costly to continue operating, and so, it is natural to shut them down.The key point is, what happened to friedcat, even I don't know. My guess would be 60% personal issues, 40% work problems. We would only know when he comes back.I am still talking to people from AsicMiner, including overseas shareholders. We are looking for a solution, please wait patiently.Note: Some translations may be incorrect, such as we/I/they, since I did this in a rush and my Chinese isn't perfect, especially if I am reading Simplified Chinese.---------------------------------------------------------------------------------------------* Amhash denies ponzi claims of AirwolfDATE: March 03, 2015, 03:11:35 PMUSER: Amhash ( https://bitcointalk.org/index.php?action=profile;u=388726 LINK: https://bitcointalk.org/index.php?topic=974893.msg10643266#msg10643266 Quote from AirWolf's post:"So since Dec/25/2014 you have been a PONZI, and instead of halting and come out clean on Dec/26 you continued to paint the illusion of a reputable business and allowing trade and paying dividends unsupported by real hardware?Ok, i have dealt with this before (MtGox and PBmining) and recovered ALL the money, you know how? By gathering the biggest investors and pooling with them a REWARD OF 300 BTC for the whereabouts of YOU, YOUR FAMILY AND FRIENDS and another 300 BTC to pay for the people that is going to PAY YOU AND THEM A VISIT.You are not dealing here with the average guy that invests 0.1 BTC, i represent a group with almost 250.000 shares, value over 250 BTC, I represent the kind of people that it is VERY DANGEROUS to mess with in any part of the world.So i will offer you an exit: Reimburse our shares for 250 BTC or i will start the process of hunting you and your relatives and friends. You have 24 hours, after that i will start the hunt and i will make it public, so not only you will have to pay the biggest ones, but almost every little guy that sums to the hunt. It is best for you to settle this now than settle it later, check my posts in this forum, I HAVE DONE THIS BEFORE.Be smart, be like Mark Karpeles and Jason Boyko, they are still good and their relatives too because they acted smart, they kept this private and small and ended up losing less.You have 24 hours."Hi,We understood all of your guys emotion, but we still need to wait FC's appearance, when he comes back, we will solve everything very easily.1. The mining farm happened in Dec/25/2014 was not a PONZI like you said, AM did have hashrates before that day, and they were also hurt by the farm partner.When problem happened, AM were talking and finding some way to solve it and continue to pay divs daily, how can you say that PONZI? Any problem been solved need time, hope you understand.2. We are finding some way to solve this. Firstly,we are not sure whether FC safe. Secondly,we are not just sitting here, we are trying to move on this, talking withAM, and board members.Thanks,AMHash Team---------------------------------------------------------------------------------------------* Some user reports about FriedCat's whereaboutsDATE: March 04, 2015, 12:35:16 AMUSER: ATC ( https://bitcointalk.org/index.php?action=profile;u=40713 LINK: https://bitcointalk.org/index.php?topic=833704.msg10649306#msg10649306 The latest news according to https://www.bikeji.com/t/1177#reply1 that FC is OK and Huai'an farm will release news soon.*******Messages on Bikeji translated by Kaizuki ( https://bitcointalk.org/index.php?action=profile;u=106677 ):On the east side of said tertiary Contact Huai'an, grilled cat okay.dong zhao:the farm is professional eventuallylawrence sun:the transaction with a lot of money is awful.i believe that it's not a scam but other matters unexpecteddong zhao:i got contact with the Huai'an officer.dong zhao:he told me he knew what happened with fc.dong zhao:FC is OK and Huai'an farm will release news soon.In the Comments Section:Someone asks : Can you explain why the roast cat Shenzhen office (Nanshan Coast Building, East Block, 1317) has moved clear, nobody has to go to work?Same Person says:Another shareholder Fan Dawei (David Fan) phone (186xxxxxxx7) has been shut down!Office move clear? What is the status? There is no work, there is office furniture it? Or completely emptied? When I used to go to work tomorrow and see.Leaving only some of the debris and twenty-three empty table! No one at work, office supplies are gone?Zhao and many insiders who know Huai'an, why not ask him how he knew the situation roast cat?How do you know he was all right? Why has not come out six days a bulletin?Anson Yellow: amhash showroom now is asicminer but rather people feel cheated-----------------------------------------------------------------------------------------------------* Someone reports that AsicMiner has moved their office in ShenzenDATE: March 04, 2015, 05:21:38 AMUSER: BtcLtcNmc ( https://bitcointalk.org/index.php?action=profile;u=100618 LINK: https://bitcointalk.org/index.php?topic=833704.msg10651353#msg10651353 Just FYI. AM moved out from their ShenZhen office. I can see the inside through the glass door.The office is empty, no one there. But it doesn't mean AM is a scammer, maybe they need a biggeroffice after employing dozens of new staffs.-----------------------------------------------------------------------------------------------------* Havelock trade engine becomes active but Amhash shares are frozen.DATE: March 04, 2015-----------------------------------------------------------------------------------------------------* An announcement from AsicMiner about FriedCat's loss, and that they are unaware about the deal between FC and RockXie.DATE: March 05, 2015, 03:48:10 AMUSER: Phasebird ( https://bitcointalk.org/index.php?action=profile;u=337449 LINK: https://bitcointalk.org/index.php?topic=735728.msg10663910#msg10663910 update :1. We have lost contact with Friedcat more than 40 days, we are now still focusing on finding him.2. A lot of evidences we have found shows that he is safe, which is the only good news recently. In addition, all rumour around the community are baseless and untrustworthy. We know so far nothing about where has he been and where is he at the moment.3. We have to focus on finding him currently so there are indeed some delay on replying email of sale@bitquan.com . However, since we have all records of your emails so it is only a problem of time, please understand and be patient.4. AMHASH project is not from sale team of ASICMINER, we know nothing about the deal between Friedcat and ROCKMINER, no one else has seen the contract between them either, therefore, we sale department of ASICMINER is not be in charge of AMHASH project, please be patient to wait till we find FC.-----------------------------------------------------------------------------------------------------* Havelock's late announce about Amhash trades being frozen.DATE: March 05, 2015, 05:25:39 PMUSER: Havelock ( https://bitcointalk.org/index.php?action=profile;u=64492 Link: https://bitcointalk.org/index.php?topic=833704.msg10670667#msg10670667 Last Month the AMHASH1 Fund Managers has posted this updated:"February 8th, 2015 - Announcement of The Spring Festival HolidayDear Customers,We will pause the transaction and dividends of AMHash from 10th February to 28th February for The Spring Festival Holiday coming.And we will restart all those things in the beginning of March.AMHash Team"During the period when our site was down, we were informed at the same time that everyone else was informed through this very thread that the AMHASH team were not able to reach anyone at ASICMIner which operates the mining farm for the AMHASH mining operation. At this time we have suspended trading on the AMHASH Fund until further information is provided to us.We would like to remind everyone that the AMHASH operation is a joint venture between RockMiner and ASICMiner.Thank you,Havelock---------------------------------------------------------------------------------------------------------* A chinese investor BtcLtcNmc, says he heard about FriedCat's mom called the police to inform his missing.DATE: March 07, 2015, 02:34:33 PMUSER: BtcLtcNmc ( https://bitcointalk.org/index.php?action=profile;u=100618 LINK: https://bitcointalk.org/index.php?topic=833704.msg10691081#msg10691081 I heard that FC's mother had already called police! I'm just an investor, I don't even know him personally, unless I claim that FC is a scammer and took my money but it's not the fact.---------------------------------------------------------------------------------------------------------* BtcLtcNmc, says thas some other chinese investors are thinking of informing the police together.DATE: March 07, 2015, 02:53:37 PMUSER: BtcLtcNmc ( https://bitcointalk.org/index.php?action=profile;u=100618 LINK: https://bitcointalk.org/index.php?topic=833704.msg10691241#msg10691241 This is just second hand info, my source doesn't know her address or any other thing. I have no evidence to claim that he's a scammer, but I can tell you that some chinese investors are really talking about calling police together, I mean collective action.----------------------------------------------------------------------------------------------------------* BtcLtcNmc, tells that he got his information on the internet and that most chinese investors were not able to reach bitcointalk.org due to the Chinese firewall.DATE: March 07, 2015, 03:05:43 PMUSER: BtcLtcNmc ( https://bitcointalk.org/index.php?action=profile;u=100618 LINK: https://bitcointalk.org/index.php?topic=833704.msg10691345#msg10691345 I don't know them.I've just known that from the internet. But most chinese can't speak english and they can't even reach this forum because of the "Great FireWall".----------------------------------------------------------------------------------------------------------* Someone reports that Rock Xie has shared their correspondence with FriedCat about Amhash.DATE: March 07, 2015, 04:44:38 PMUSER: asun023 ( https://bitcointalk.org/index.php?action=profile;u=64038 LINK: https://bitcointalk.org/index.php?topic=833704.msg10692237#msg10692237 Breaking news, rock xie disclosed the details of amhash just a moment ago, click the following link of bikeji, getting the detailed information including the emails between rock xie and FC (rock xie apologize only Chinese version available in a hurry）.Message translated by byt411 ( https://bitcointalk.org/index.php?action=profile;u=87671 ):Translation of the first part:About the details of AMHASHIt's already the 7th of March today, and friedcat has disappeared for 41 days. It is very surprising to me that there hasn't been a reasonable resolution to the problem.A while before, I have talked about this with AsicMiner many times. If a company cannot function with one of their leaders missing, it means that the company is not in a good state. I noticed this some time ago, and I talked to them about it, but they kept insisting that they were fine, and they had Plan Bs and backup plans in place.Nobody thought that it would actually happen. friedcat goes missing, and AsicMiner is basically nonfunctional. Worst of all, all other managers and leaders of the company know nothing, nothing about anything at all. They just didn't care about the operations of the company, and gave everything to friedcat to handle. The most unacceptable of all to me, is that they kept viewing the cooperation between AsicMiner and RockMiner a bad thing, and they refused to participate, and thought that I was a danger to the revenue of AsicMiner.The truth is that that hurt me a lot. I met friedcat in 2012, I became his official distributor in 2013, selling AsicMiner products within the country. In 2014, we even formed a team, and I helped AsicMiner directly, helping them with certain things. Outside the company, I also contributed to maintain the image of AsicMiner and its reputation, because I have seen how it works, and I trust friedcat as a person. In the past year, there have been some minor and major problems in our cooperation, and many of the times was AsicMiner intentionally or not intentionally causing losses for RockMiner. I still told my team that AsicMiner doing things like that must have a reasoning behind it.But this incident made me realize that the unique views of a person is useless. (Chinese phrase thingy) (Basically means: "Friendship and trust is useless in a cruel business world")About AMHash, I reiterate the position of RockMiner in it; AMHash is a joint project between AsicMiner and RockMiner. AsicMiner is in charge of the hashpower, RockMiner is in charge of marketing, promotion, and the selling of the hashpower, and customer support. This is what we told the public, and this is the truth, and how the project works. Even a contract was made listing these details, but it was not officially signed, however, this does not mean that it isn't true. You should know, that even digital records count as contracts and promises these days.Below, there is a large amount of email screenshots between friedcat of AsicMiner and rockxie of RockMiner. It basically outlines the way that dividends are distributed, mining addresses, and prices, and things like that. If there is any interest, I will translate them.Tips are appreciated.1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyUEmail 1:Hey Rock Xie,The attachment is a draft.There are some things that can be changed:1. What is the total hashrate we will sell? 1PH/s-2PH/s is fine.2. The data for the other parties needs to be updated. (< Unsure)3. Any other questions that you guys need to ask, or that havelock needs to ask.The price for us is 1.6BTC/Ths, and the extra 0.2/Ths is the difference.Email 2:Hey Rock Xie,The changes have been made to the attachment. Please check if there are errors or contradictions. Thanks!Email 3:Hey Rock Xie,After our internal meeting, we have come to the conclusion that our cooperation (RockMiner and AsicMiner) is very beneficial for the both of us. The cooperation of selling and cooperation of employees is the most tight form of cooperation, but it needs to be good. (Unsure of the previous sentence) We believe that if we commence this cooperation as soon as possible, it will the best, because we can keep the passion. We will do this in steps, so that we tighten our cooperation step by step, making sure that every step won't affect either of us gravely. (Still unsure about this sentence)Cooperation 1 - Selling of hashrateRockMiner is in charge of selling AMHash1. The price on launch will be 0.00125 BTC, (starting price) + 10rmb (daily maintenance fee). RockMiner will earn 10% as the selling commission, and 10% as maintenance commission. The commission will be calculated on a monthly basis.Cooperation 2 - Employee CooperationAsicMiner invites RockMiner employees to contribute in the research and development and management of AsicMiner. AsicMiner will pay all wages, bonuses, and extras.If AsicMiner has any intention of paying extra bonuses, AsicMiner will negotiate with RockMiner beforehand, or it will be paid by RockMiner.Note in red: We had quite a few projects with AsicMiner back then. Other leaders of AsicMiner were asking why Rockminer was getting 10% commission, saying that it was unreasonable, but we did not decide on this randomly, it was friedcat's decision. The truth is that, selling 1 share of hashpower was already 5-10% of profit, and RockMiner as the seller of the hashpower, did not have a simple job. It wasn't simply to sell the hashpower, it included reselling, communication with third parties, develop a trading platform ourselves, promote the brand, and many different types of customer support and PR work, even though the AMHash brand belonged to AsicMiner. That's why the 10% is fair to us, and the planned deployment was only 1PH/s, so there wasn't much profit for us.Email 4:1. Our BTCGUILD Pool address is 1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp21i. ghash.io Pool address is 1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh (AMHash side) and 1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6 (pool side)ghash.io account is xxxxxx, password is xxxxxx, this account can only view stats, because AsicMiner controls the email, so ghash message cannot be changed. ( https://bitcointalk.org/index.php?action=profile;u=407053 LINK: https://bitcointalk.org/index.php?topic=833704.msg10737069#msg10737069 thats the location where Fried Cat was last seenapparently they got in trouble with local officials and got arrested as the partner site (apparently a food factory) has been stealing electricity. All people at the site and hardware has been arrested.That is what I can understand with my limited Chinese is being said on the weibo----------------------------------------------------------------------------------------------------------------* David Fan's (Fan Dawei) first announcementDATE: March 11, 2015, 04:32:19 PMUSER: Phasebird ( https://bitcointalk.org/index.php?action=profile;u=337449 LINK: https://bitcointalk.org/index.php?topic=99497.msg10739094#msg10739094 UPDATE: the following info is literally wrote from David.Fan （Co founder of ASICMINER）STATEMENT FROM DAVID.FANDear customers and clients,The last few weeks have not been easy for the company. Friedcat went missing and this caused an interruption with the business. We are slowly recovering from the loss in company leadership.First, the company is still operating, albeit at a reduced employee count. The physical location of our new office is currently confidential to guarantee an undisturbed office environment. Our sales contact is still the same. For all other requests please contact us through our general help line(email: help@bitquan.com ).With friedcat missing, the current management of the company is carried out by David Fan temporarily. We will keep you informed of any significant changes, as we are still developing a long term solution to the current situation. We understand that many people are concerned about friedcat and his safety. We ask to not spread any misleading rumors and not pursue speculation.Due to unforeseen events , the computational that power AMHash managed by RockMiner has become unavailable. We are sorry for the resulting damage experienced by any third parties. We are doing everything in our power to mitigate the damage.Yours truly,ASICMINER Management-----------------------------------------------------------------------------------------------------------------* Jutarul, shares some information he got from the company a few hours after David Fan's announcmentDATE: March 11, 2015, 06:10:00 PMUSER: Jutarul ( https://bitcointalk.org/index.php?action=profile;u=44764 LINK: https://bitcointalk.org/index.php?topic=99497.msg10740209#msg10740209 Let me break the silence, since many have wondered about the events on the board and among major shareholders. I apologize to all who sent me messages and didn't get a reply. But the situation at ASICMINER is simply hard to diagnose without first hand information. I guess I speak for every major shareholder when I say that no one saw the current situation coming. Sure - the company has been struggling lately, in part because the window of opportunity closed quickly and ASICMINERdidn't move as fast as some of the competition. However, seeing how ASICMINER got hit by a double whammy of first loosing its farm and then its CEO is quite disturbing, to say the least.The situation surrounding Rockminer is complex. I am saddened to see such an aggressive stand of Rockminer towards ASICMINER. I can only suspect that they are getting a lot of pressure themselves. However, there are more professional ways to deal with the issue than to clutter the internet with confidential material - that alone speaks volumes. The only excuse I can see for this is that ASICMINER so far has dealt with the situation poorly - and this is inexcusable.The contractual obligations are currently being analyzed. So far it is clear that there seems to be no real clause which defines who is liable for events like theft or fire. Obviously, there has been no insurance plan either. The general rule for situations like these is that any clear liability assignment is commercially not viable and the affected parties have to sort it out somehow. The problem is that the product AMHash theoretically involves 5 Parties (Operator, Manufacturer, HashLord, Contract Platform, Contract Holder), of which neither has the ability to absorb the damage alone. So far the overall understanding is that ASICMINER should carry some responsibility - however, the ability of the company to deal with the current fallout is hampered. Pressuring the company to do anything which it can't deliver is not productive.I hear that some parties are considering legal steps. Let me tell you that from experience this won't end well for anybody and only results in wasting money on the parasitic elements of our economy. What we need in the current situation is a leadership figure who seeks compromise. This crisis won't be solved overnight. If a solution is reached it's likely gonna be a 2 year plan or some form of agreeable settlement. I hope I didn't shock anybody with this assessment.Regarding the shareholding. It has been of a lower priority. For everyone who is holding shares and has traded recently, please preserve the full trail up to the last checkpoint, which means the cryptographic signatures which are used to authorize reassignment of shares. If traded unsafely, there is no guarantee that the ownership can be confirmed. Beware of double spending vectors in OTC transactions and use escrow if possible.I saw some claim for the board not doing its work. Unfortunately there is no job description for board members, nor do they have an official duty with the company (unless a board member decides to get actively involved with the business). The conclusion which was already drawn a long time ago is that proper assessment requires boots on the ground. But those who actually were, never developed the habit of fiduciary reporting. AM Management always enjoyed a lax handling. I am not certain whether a stronger hand would have helped though. The business is tough. One little detail though - FC was always conflicted which information to release to the board and which not - especially since some of the board members have a conflict of interest because they are working for the competition. As such we covered mostly the baseline of sticking to financial statements as required by law.According to the latest status the BE300 is confirmed and working. However, to bring the chip to market requires FIXED COST + COST PER CHIP + BUILD OUT COST. The funding situation for this is dire and it would require a new investor or a big buyer who has to be certain that he gets what he is promised.There are two scenarios where this could be quickly achieved:a) A bitcoin price explosion would release dormant capital instantly shifting the reward/risk ratio.b) A new type of investor who enjoys preferred treatment over AM Shareholders for the financing of the BE300 tech. Likely implemented as a joint venture.I will collect further questions via PM and answer them publicly. I am certain I missed a few important points in this post.Regards-----------------------------------------------------------------------------------------------------------------------------* Rock Xie, writes his 2nd blog about the Amhash incidentDATE: 2015-03-12 16:45USER: USER: Rock Xie ( https://bitcointalk.org/index.php?action=profile;u=60803 LINK: http://www.8btc.com/amhash-rock-xie https://bitcointalk.org/index.php?action=profile;u=87671 ):First part of translation:After so much time, we finally have an announcement. However, the disappointing part is that there is no good information, especially about AMHash, since a lot ofinformation was misleading, making people believe that this project was RockMiner's. I am disappointed, and I am going to clarify for the last time.The following truth is told at a stranger/spectator/3rd party's point of view. If there is anything fake, I will assume all responsibilities caused by the incorrectinformation.AMHash is a project where AsicMiner entrusted RockMiner to be in charge of marketing and selling, and customer support. RockMiner was responsible to sell hashpoweroperated by AsicMiner in Jiangsu, China. Before the AMHash project began, RockMiner had already suffered losses. We did not have a lot of money left (600+ BTC). Werefused to use it improperly, because it was proven that the more machines using the BE200 chips we manufactured, the more losses we had.The start of AMHash:Around November 2014, the price of Bitcoin was low, and the competition in the manufacturing of ASICS was speeding and heating up. Manufacturers could not completetheir sales project properly, and the manufacturing profit was at an all-time low. From previous experiences, there are 2 ways to clear up the stock quickly: Tosell them or to use them ourselves. But due to the switch to large-scale and industrialized mining, the reality is a combination of the 2 methods previously stated:For the manufacturer to set it up themselves, and then sell the hashpower to customers; this way, the stock can be cleared, the cost can be earnt back + a littlemore, and a bit of maintenance fee.Tips are appreciated: 1Cb2JZxh2R8UxLCuQofdNFm4qnSkga2YyUWaited 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.Crazy XiaoqiangAMHash 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 processIn 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.comfunctions (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 problemSales 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 problemFor 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 calc