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Topic: Gigamining / Teramining - page 17. (Read 216450 times)

legendary
Activity: 2618
Merit: 1007
May 15, 2013, 07:08:24 AM
It costs me money, not time to claim shares which is the real issue here - I pay about the same if not more than I'd get in BTC from the shares but bear a serious risk of having my identity stolen by some shady US law firm/"lawyer" that is not even listed on the page and that still hasn't givben any proof of even being licensed or to exist other than a mail address.

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

Edit:
I'm sure there is NO real "law" regarding this that is 100% definitive how to handle this situation, only the interpretation/advice of your lawyer. Others (including judges) might have other interpretations.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 14, 2013, 05:50:47 PM
This is a good point. How could seizing our shares and denying contracted services be legal in the least? Certainly it's not "more" legal than anything in the original contract. If the original contract violated any laws, then Mr. Gibson (not Nefario) has already violated them with the contract.

This apparent reappropriation seems like criminal fraud.

There is no "reappropriation".

US Law trumps any contract. The only way to keep Gigamining / Teramining going is to do what has been done. Otherwise, no one would be paid back payments or be allowed to continue.

Over 80% of all contracts have been claimed so you are now in the minority when it comes to who has taken the time to work with me.

If you have not claimed, please take the time to do so immediately.
newbie
Activity: 8
Merit: 0
May 14, 2013, 04:57:50 PM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?

Gigamining/Terramining bonds/contracts are are not for sale.

Yes, because that would be illecal. Like the keeping our Gigamining bonds and not paying dividents would not be.

This is a good point. How could seizing our shares and denying contracted services be legal in the least? Certainly it's not "more" legal than anything in the original contract. If the original contract violated any laws, then Mr. Gibson (not Nefario) has already violated them with the contract.

This apparent reappropriation seems like criminal fraud.
hero member
Activity: 826
Merit: 1000
May 14, 2013, 07:16:30 AM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?

Gigamining/Terramining bonds/contracts are are not for sale.

This is good news for those, who still have their coin but have not understood why mining "bonds" (especially perpetual and hashing speed related) are really bad investment for the bond holder aka YOU (and not for the guy who got the rig for free - bought with bondholders money).
There are multiple threads about mining "perpetual mining bonds" aka "turds", so I am not going in to details here. Wink  
If mining bond turd is Mh, Gh or Th based, you will get screwed when difficulty rises. You earn less and less income, "bond" price will keep falling so you also lose your principal. If this crap is "perpetual", the issuer has no obligation to buy back the bonds any time soon so you have no guarantee of getting back any of your invested coin.
Confused? Read up on what bonds actually are and why owning equity is different form owning debt.

PS! If calculations like 1-0.001+0.0001 give you a nose bleeds, you need to leave this subforum. FAST! Smiley


As I have said before, just as in buying mining hardware for mining, reinvestment is required to maintain gains. The problem with Terramining (as opposed to perpetual/traded turds) is that you cannot reinvest by buying shares from Giga or anyone. once Terramining is in full swing each week/months/etc... dividend will go down. No matter how much money you want to throw at Giga or people with bonds/contracts your dividends will drop and Terramining will end.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
May 14, 2013, 03:10:16 AM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?

Gigamining/Terramining bonds/contracts are are not for sale.

This is good news for those, who still have their coin but have not understood why mining "bonds" (especially perpetual and hashing speed related) are really bad investment for the bond holder aka YOU (and not for the guy who got the rig for free - bought with bondholders money).
There are multiple threads about mining "perpetual mining bonds" aka "turds", so I am not going in to details here. Wink  
If mining bond turd is Mh, Gh or Th based, you will get screwed when difficulty rises. You earn less and less income, "bond" price will keep falling so you also lose your principal. If this crap is "perpetual", the issuer has no obligation to buy back the bonds any time soon so you have no guarantee of getting back any of your invested coin.
Confused? Read up on what bonds actually are and why owning equity is different form owning debt.

PS! If calculations like 1-0.001+0.0001 give you a nose bleeds, you need to leave this subforum. FAST! Smiley
member
Activity: 101
Merit: 10
May 14, 2013, 02:53:01 AM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?

Gigamining/Terramining bonds/contracts are are not for sale.

Yes, because that would be illecal. Like the keeping our Gigamining bonds and not paying dividents would not be.
hero member
Activity: 826
Merit: 1000
May 13, 2013, 09:47:36 PM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?

Gigamining/Terramining bonds/contracts are are not for sale.
full member
Activity: 140
Merit: 100
Troll of the Fourth Reich.
May 13, 2013, 09:38:35 PM
Have a question, What would be the approx profit if I put in 1btc? or .3btc?
newbie
Activity: 28
Merit: 0
May 13, 2013, 08:22:49 PM
Any plans for a partial payment on Teramining today?

Payments went out later than normal today but have been sent. Apologies for the delay as I was traveling most of the day.
No problem - Thanks!
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 13, 2013, 05:12:20 PM
Any plans for a partial payment on Teramining today?

Payments went out later than normal today but have been sent. Apologies for the delay as I was traveling most of the day.
newbie
Activity: 28
Merit: 0
May 13, 2013, 01:45:57 PM
Teramining / VPS has received exactly 1 jalapeno so far.....

And as I have stated before, the 9 month period of the Teramining contract will not start until all equipment has arrived.

I know this is a slow start but it is a start. And it also confirms that BFL has a working product and are resolving their outstanding issues with getting more equipment out the door.

Any plans for a partial payment on Teramining today?
donator
Activity: 3052
Merit: 1110
May 07, 2013, 06:21:50 AM
When Teramining was announced & because of this I bought an extra 979 shares @ 1.3635 btc each on 2012 07 10.

BFL update: http://www.reddit.com/r/Bitcoin/comments/1dubwh/new_update_for_bfl_they_got_the_new_boards_and/
full member
Activity: 186
Merit: 100
May 07, 2013, 04:01:44 AM
As soon as everything is tied up, Teraminers will be sent an update.

woo!

But seriously when you first offered the new contract, and some of us jumped on the idea, the trading price for a contract was 1.4BTC and alot of us bought in. Please take this into consideration when deciding how to move forward with this.

Please pull through here Smiley
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 06, 2013, 10:12:39 AM
Is there any place where we can see how many GH/s you got running?

Teramining / VPS has received exactly 1 jalapeno so far.....

And as I have stated before, the 9 month period of the Teramining contract will not start until all equipment has arrived.

I know this is a slow start but it is a start. And it also confirms that BFL has a working product and are resolving their outstanding issues with getting more equipment out the door.

sr. member
Activity: 471
Merit: 252
May 06, 2013, 10:04:29 AM
gigavps, what do you mean on "partial"? Do you mean that this first payment is not completed?

partial means that VPS does not have all of it's ordered delivered.

So whatever asic equipment is running is what is used for Teramining.

Is there any place where we can see how many GH/s you got running?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 06, 2013, 09:58:52 AM
gigavps, what do you mean on "partial"? Do you mean that this first payment is not completed?

partial means that VPS does not have all of it's ordered delivered.

So whatever asic equipment is running is what is used for Teramining.
sr. member
Activity: 471
Merit: 252
May 06, 2013, 09:46:24 AM
What about this? :-)

First partial payments are going out today for teramining (emphesis on partial).

As for the update, I am still waiting a few loose ends to drop before I start rolling out information that hasn't happened yet.

As soon as everything is tied up, Teraminers will be sent an update.

gigavps, what do you mean on "partial"? Do you mean that this first payment is not completed?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 06, 2013, 08:19:13 AM
What about this? :-)

First partial payments are going out today for teramining (emphesis on partial).

As for the update, I am still waiting a few loose ends to drop before I start rolling out information that hasn't happened yet.

As soon as everything is tied up, Teraminers will be sent an update.
sr. member
Activity: 471
Merit: 252
May 06, 2013, 08:03:29 AM
I'll have a more detailed update next week for Teraminers, just wanted to leave a little something here.

It's a 5Gh/s beast at 30w humming away on my desk as I type this.

I'm glad to start seeing BFL deliver equipment and am looking forward to moar!
Good news! Can Teraminers expect a div for today then?

Teraminers can expect the first partial dividends next Monday. I am still waiting on some loose ends to be tied up before the update goes out. Please be patient.

What about this? :-)
newbie
Activity: 28
Merit: 0
May 06, 2013, 07:53:30 AM
>>> based on GLBSE trading value of 1.4BTC when you launched TERAMINING.

What does that mean?
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