Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 199. (Read 629902 times)

Well Avalon and ASICMINER exit in a quasi legal state, I'm not sure if you would succeed in filing claims against them. KNC has so much money they probably don't mind refunding a card or two.

+1, If he does not release it then I am willing to donate my back log of dividends to helping pay for an external auditor. (Though it is a very small sum I'm definitely willing to throw in some more if this gets some traction).

This is not the first person to say that this has happened.  That article also described another person in a similar situation.  

Ken, why is this happening?

Im not trying to start another trollfest but it seems suspicious.

Ken.  It's now April in your timezone.  You've not released financials for 2013.  We have no idea what you've done with our money.

Luckily, bitcoin is a fantastic tracking system.  You'll be able to account for every satoshi of our money (with blockchain proof).  You've already agreed to 3rd party review.  Lets make this happen.

it would likely require selling the product as 420GH/400W in order to be manageable with a copper heatsink and fan. You could say modification to an H80i voids warranty but can allow 20% of overclocking. (however, this simple mod woulod be employed by most buyers rendering the heatsink a waste of funds. I think clear warnings about heatsink installation would be sufficient reasonable effort in a civil (common-sense) situation.

failure rates should be pretty low, but there will always be that one person whose only tools are a tiny phillips or a pocket knife or that globs on thermal paste

This is good advice and it would indeed void all Statutory warranties if breached. However when we get sent back a dead chip how do we prove it has been overclocked?

Someone ask the other mining companies how they deal with this issue there must be a solution that protects us.

Mabsark chill man we are all trying to come up with good ideas.

If I was Ken, I'd just throw a cooler on it and treat it like a graphics card as far as warranty - modifications void it. You can't really say that though if you need to mod the product to get it to work in the first place.

Cool, I'm looking forward to it!



So, in your opinion, would DTS's solution to underclock the miner and include a provision in the TOS that modifying the clock speed would void the warranty work?

Okay then, let's just pretend that EU law doesn't override UK law and let's just pretend that taking your issue to the EU courts would not see them override the UK's decision, how would this relate to a US company flaunting EU laws?

I don't even know why you're arguing about voiding warranties and such because these miners have "no warranty". It just sounds to me like you are advocating for Ken to break EU law and risk ActM getting massive fines that would destroy ActM.

This is a serious problem that Ken needs to deal with before he sells any miners.

Not currently, just an out of box normal review.

That's a 4 year old article and this Directive is still not de facto recognized in the UK. If you had kept on reading this same article you would have seen this:

'You may manage to get your refund on the basis of the EU directive, however, shops are within their rights to use the Sale of Goods Act as the definitive guideline instead.'

The UK's Sale of Goods Act is the definitive source here and that is not going to change, it is quoted by every retailer you could find and the UK has decided at the consumer and the legislative level to ignore the time limit stated in the EU Directive.

Thanks! I'm sure everyone here is excited for your review! Do you plan on overclocking and/or undervolting it as well to test the range of function?

your example is a bit incorrect - its more like selling a kettle that cannot handle tap water and MUST be primed and operated with reverse-osmosis water to prevent failure due to calcium scaling that could easily be caused by a careless user. (not to mention most kettles have a form of temperature or fuse fail-safe)

law tends to side with the victim, and generally views the case in a way similar to an untrained individual or child-like  naivety to determine whether fault lies with the buyer or with the seller. If this product fails catastrophically (fire) or is simply damaged (capacitor leaks or chip melts) because the 'average person' thought it was plug-and-play at a cursory glance, then most courts would enforce a warranty. Reasonable efforts to prevent this are necessary in this sort of law, which means that at a minimum there should be a big warning sticker on the chip or sealing the antistatic bag shut that says 'do not use without cooling --- website.com/how-to-cool'

I do not, but I'll pick one up on Amazon. I'm sure it will come in handy anyways.

Picked this one up -
P3 International P4460 Kill A Watt EZ Electricity Usage Monitor
http://www.amazon.com/gp/product/B000RGF29Q/ref=oh_details_o00_s00_i00?ie=UTF8&psc=1

Do you have a Kill-a-watt or something along those lines? Power usage would be interesting as well!

Sure thing, I'll post some pictures and link to Eligius so you guys can all see the Hashrate. I won't be doing anything ridiculous with it, just slapping thermal paste on it, putting the Corsair i80 on, hooking it up to a Corsair 650W PSU and probably a spare laptop. I've been sent a PM that stated that they will get my order right out to me.

My main points of the review will be ease of setup and if it hashes at specified hashrate.


These are currently what I've been recommended to purchase for this card:

Corsair RM Series 650 Watt ATX/EPS 80PLUS Gold-Certified Power Supply - CP-9020054-NA RM650
http://www.amazon.com/gp/product/B00EB7UIRS/ref=oh_details_o00_s00_i00?ie=UTF8&psc=1

Corsair Hydro Series Extreme Performance Liquid CPU Cooler H80i
http://www.amazon.com/gp/product/B009ZN03AA/ref=oh_details_o01_s00_i00?ie=UTF8&psc=1

Unless I misunderstood, thermal paste will come with the card. However I know a few people with a lot of HashFast products and will ask them what type of thermal paste they recommend.

minerpart, take a look at this page.

+1

And the manual (including the website) needs to say something like:

'The chip should not be overclocked and doing so will void all warranties'.
'All assembly must be carried out by a competent and experienced PC assembler or all warranties are void'.
'All cooling must be appropriate for the chip and be applied correctly otherwise all warranties are void'
'All manufacturing defects are under warranty and faulty equipment will be replaced.'

Could a clause also be put in along the lines of:

'Faulty equipment beyond it's financial lifespan will be reimbursed at the value of it's total expected future earnings.'

In other words in a years time with a board only able to make $100 in the following 12months  (taking the cover to the 2 years max) then $100 would be paid out for the return of the equipment should it become faulty. Also returned goods are shipped at the consumers expense. This wold make the return of the equipment a waste of time for a scamming customer.

I see a lot of "repair or replace at our option" warranties, where they also may send you a refurb item.... basically in a years time, you could buy one for $100 out of teh classifieds, clean it up, "recertify" it (Turns on, hashes, done) and give the customer that.

I completely agree. Very few jurisdictions will let such behaviour pass as they have closed many loopholes used by the big boys.

You cannot say no warranty and if you ship to a place, you must obey the law of that place.

To Ken, if you read this please do the following:

- Make it clear on the packaging and the website that the cards need cooling and must have some amount of assembly. Do this to avoid any customers litigating based on false advertisment.
- Make sure the cards by default are not blazing at highest power that will cause high thermal stress after a year. This way the users can offer tutorials on the forum about how to reclock the cards to make them run faster.

If they can shit on Apple, they will shit on us. And the last thing we need is a bunch of miners asking for refunds after they have mined the crap out of their cards.

Also before you say "wait a minute, if they want a replacement then fine I'll just send them the same card in a years time" think about this: You will have no cards of that type in stock in a year and you'll be forced to either send the miner a brand new card to mine bitcoin or you'll have to offer the usd value refund.

Be smart about this.

We don't want to send a new card or refund cash in a years time, we don't want to hold onto old stock just for this eventuality, we want to make sure under default sale these cards do not fail, therefore underclock and make them safe as burgers.