Post
Topic
Board Securities
Re: ASICMiner - Can anyone provide a simple summary of what happened?
by
ujka
on 06/03/2015, 23:14:49 UTC
All I can tell is simply that.

-FriedCat Created ASICMINER/AMHASH with investors money
-FriedCat Disappeared about a month ago with investors money

Friedcat created ASICMINER with investors money in 2012, and paid 600% of that money back to investors (edit: in BTC terms!).

AMHash is a cloud mining operation started in Oct 2014: hardware provided by ASICMINER, sales and management by RockMiner. Dividends were paid daily up to Feb 10th, then they paused divs for the duration of Chinese New Year. Now there are rumors that the hardware was stolen, and friedcat is missing - no contact from him for 40 days...