https://bitcointalksearch.org/topic/m.1454137
Hi Audriux9,
GIGAMINING TERAMINING
Total Gh/s 200Gh 5,400Gh
Mh/s per bond 5Mh/s 9Mh/s
Total bonds 40,000 600,000
Free Upgrade Path
I will offer a 1:4 exchange of Gigamining for Teramining that costs nothing to upgrade. An example would be if you have 400 Gigamining and don’t want to pay to upgrade, you can swap them 1:4 for Teramining. This would represent a 7.2x increase in the bonds hashing power at no additional cost. So in this case, the 400 Gigamining bonds (2Gh) would be upgraded to 1,600 Teramining bonds (14.4Gh).
Paid Upgrade Path
I will also offer a 1:15 exchange of Gigamining bonds for Teramining bonds. So, if you have 400 Gigamining bonds (2Gh) and pay the upgrade fee, you will receive 6,000 Teramining bonds (54Gh) in return. The fee to upgrade will be .29 BTC per Gigamining bond. So, the upgrade fee on 400 Gigamining bonds would be 116 BTC.
Contract Outline
- New contract is 9Mh/s.
- There is no representation made for the expected output of the contract. So if the hashing power makes more than 100%, you get more than 100%. That said, VPS has systems in place to make sure of 99% up-time including our own, fully redundant pool infrastructure.
- Contract lasts for 6 moths from the start date for each individual.
- Contract will start within one week of the equipment arriving and being setup.
- Any upgrade returns all rights of current Gigamining contract including payments
- Paid upgrades must be paid in full before the contract can begin.
- Purchase is non-refundable.
- Contract also includes an NDA so Teraminers can be free to ask questions and get answers.
You can view the entire contract here -> https://docs.google.com/document/d/15g0mjR1VQMr2866CDYI97nyyWA_UJZpX0uP8vrsDBzI/edit
Best,
James
Did the equipment prices jump 20x or are you offering 20x more Mh/s per "turd" now?
Last Mai/june (2012), when this "tera" scam started, BTC traded around 5-6 USD and upgrade fee was 0.25 BTC. Now we are at 120 USD and upgrade fee is still 0.25 BTC.