1. The latest financial report:

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

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

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

We produced R-BOX, NEW RBOX ,R3/4 and T1-BOX in past months, we tried do all the good things for company.

There are several main reasons for losing money:

1) We lost lots of money by accepting and keeping BTC.RM accepted BTC on our oversea marketing ,but price went down soon,we didn't sell them when the price of BTC was going down from 500+ to 330+.

2) The price of bitcoin going down also cut down the profits of miners.

3)In the end of November, we sold miners on price which is lower than cost for cleaning out stock.
We have to sell out the miners as soon as possible,if we dont do this,we would lose more money since the difficulty went up and up and competitors's new miners were out.

1)+2)+3) ate all margins from producing hardware!

2.

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Amazing how both RM and AM can loose money non stop..seems a bit off to me. I am sure they got the chips at or around cost and yet still can not make a profit?

We never got any hidden benefits transferring from AM, we bought chips from AM at the same price as other rig producers.

3.

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I am talking havelock 100th of a shares. full share buy back = 0.01

edit: i ahve told them they are as good as a scam, lording it up flying around the world to london BTC confrence, even though they are not producing miners. Idiots.....

We didn't attend the London conference, we just asked our partner to take our booth to exhibit our products,and this cost little fee(dont need pay for travelling and hotels). However we did attend the Las Vegas conference to find projects, promoting our products, and talk with our customers and investors for potential opportunities of commercial cooperations.

4.

Quote from: jimmothy on December 05, 2014, 09:19:06 AM

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

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

We lost nearly $137,000 by the quit of two testing mining farms. Price of BTC keeps going down, electricity price of which is 15cents, considering the power consumption, mining more means losing more, so we have to quit.(Even you dont mine,you also need to pay $7500 for rental and minimum electricity fee.)

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

5.

Quote from: elasticband on December 05, 2014, 08:08:02 AM

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3. Dividends Plan
Given the fact of the non-ideal situation of companys profitability, Rockminer will
save money for future development. However, if no improvements happen in the near
future, we wont rule out the possibility to redeem our stocks at a fixed price, in order
to lower the loss of our investors.

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

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

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

6.

Quote from: elasticband on December 05, 2014, 08:55:49 AM

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

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

7.

Quote from: elasticband on December 05, 2014, 09:09:21 AM

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

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

8.

Quote from: RoadStress on December 05, 2014, 03:31:32 PM

Quote from: hdbuck on December 05, 2014, 03:21:33 PM

Chinese Qualitat?

Chinese way of doing business.

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

9.

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If this is true, then this has been absolutely terrible for investors.

As an IPO investor, I'm pissed off.

ASICMiner, Rockminer, the whole 'team' of these people are fucking awful.

No wonder they fail, their public relations and communications are atrocious.

We apologize for the poor PR in past 1-2 months, but we are changing now. I don't think say "F" words can help yourself or company get profits.

10.

Quote from: wang_yan on December 21, 2014, 10:27:58 AM

Seen Asicminers in local Bitcoin conferences, never saw RM.

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

11.

Quote from: AJRGale on December 15, 2014, 01:23:40 AM

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

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

(pool side with it was only doing 30GHs)

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

12. What's our plan?

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

Please move to our another official thread to keep communicating .https://bitcointalk.org/index.php?topic=632947.new#new