In 2013 I bought Bitcoin mining companies from 2 companies.
First, I bought 2 cards from BFL, one full price and one at 50% off. I waited a year, they gave me nothing. Finally they gave me a refund for the first card, and I had to post a lot of negative reviews to get the refund for the second card I got for 50% off (for them being late one the first card). It probably would have been impossible for anyone to get back the money on the discounted card, but I am good with posting online and they didn't want the bad publicity. They wired me for both cards and I was refunded a year later after being on the 45 day waiting list for I don't know how long....
The second place I bought Bitmining equipment was " AMT miners " AKA advanced miners ( www.amtminers.com ) , they did even worse, collected thousands from people and refused to give anyone refunds. They send miners with no power supplies with cut wires and used fans to people on the "naughty list". They charged me $6,000, but they only send me a miner a year later that sold for $899 on their own website! They used our money to expand their business instead of being fair or giving partial refunds. See this post for info....
https://bitcointalksearch.org/topic/amt-advanced-miners-807750
First, I bought 2 cards from BFL, one full price and one at 50% off. I waited a year, they gave me nothing. Finally they gave me a refund for the first card, and I had to post a lot of negative reviews to get the refund for the second card I got for 50% off (for them being late one the first card). It probably would have been impossible for anyone to get back the money on the discounted card, but I am good with posting online and they didn't want the bad publicity. They wired me for both cards and I was refunded a year later after being on the 45 day waiting list for I don't know how long....
The second place I bought Bitmining equipment was " AMT miners " AKA advanced miners ( www.amtminers.com ) , they did even worse, collected thousands from people and refused to give anyone refunds. They send miners with no power supplies with cut wires and used fans to people on the "naughty list". They charged me $6,000, but they only send me a miner a year later that sold for $899 on their own website! They used our money to expand their business instead of being fair or giving partial refunds. See this post for info....
https://bitcointalksearch.org/topic/amt-advanced-miners-807750
Long ago before the internet people would say things like "Do you have the merchandise on you?" and the other person would say "Yea, Do you have the money?"
If everyone did this these companies would not exist and the difficulty would never be this high.
I don't see the connection with higher difficulty? I think these companies need to be made an example out of, you can't just take people's money and give them a fraction of hardware, and in some cases people got no hardware. If someone stole $5,100 from your house, the police would be called and the person would be arrested. But for some unknown reason, companies like AMT Advanced miners, and BFL can just take cash from people and think they can get away with it. The laws need to change in this area, and we need to hold these companies accountable.
The difficulty is so high because BFL shipped out tons of useless miners.
If they didn't take any preorders, they never would have sold a single Jalepeno because by the time they actually created one no would would buy it because it was obvious that it wouldn't ROI.
Since they got paid up front, they had enough money to make all the worthless miners, and then the rubes who paid for them received the worthless miners and then plugged them because earning a very little amount of bitcoins is much better than earning completely 0.
But plugging in the miners makes the difficulty go up, which in turn makes the miners even more worthless.
That's the funny thing, if people just stopped with the preorders/bad cloud mining purchases, the difficulty would slow down, current miners would earn a little bit more, and things may start to balance out. But, we still have geniuses preordering and buying cloud mining that will never ROI, further fucking everyone else (except the people selling miners and cloud mining of course).
