So when will we be able to upgrade to Teramining, and what is the current holdup?
I have not received enough equipment to bring current Teraminers up to the full 9Mh/s.
How is it justified that some Gigaminers were allowed to upgrade, and others were not?
This has nothing to do with allowing. Some gigaminers upgraded in Jan/Feb turning in their Gigamining contracts. They are being compensated for their swift action in claiming and upgrading.
Besides that fact, if you take the free upgrade, you would be making less per week than sticking with Gigamining. The only way to make more would be to take the paid upgrade.
I am giving up possible paid upgrades to accomodate those who have been most loyal.
Can't blame you for being at the mercy of BFL time, but you did specify a deadline for claims. I claimed before the deadline, but the upgrade option was already gone when i got access to my VPS account. I thought I was being loyal enough sending you the requested ID scan and affidavit within the specified deadline. That could have been handled differently in my opinion.
Also, technically it was your decision, so you did in fact "allow" them to upgrade, and you did not "allow" me and others to upgrade. Though, in light of the fact that the free upgrade is actually making less than regular Gigamining contracts at this point, I guess I should thank you for not allowing me to upgrade.
One thing I noticed, is how you use the term "giving up possible paid upgrades", inferring that those would be most beneficial to you. Is it safe to say that you don't think the hashing power provided in the upgrade will mine more btc than the price of the upgrade? What we have here is a situation where one party has hashing power(you) and the other party has bitcoin(Gigaminers). There is no way a deal can be made that is mutually beneficial at this point. Buying hashing power with btc is always a gamble, with difficulty being the deciding factor. Calculating returns, using the same continued growth in difficulty, the free upgrade marginally ends up as the best option in terms of btc that I'm left with at the end of the contract. I could be missing something in my calculations though, but I guess I'll just play it safe and take the free upgrade when the rigs arrive. Thank you for the answers.