Author

Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 116. (Read 565833 times)

sr. member
Activity: 476
Merit: 250
May 21st, 2014

Dear Ed,

We are getting in touch with you because you have previously requested a refund of your CoinTerra hardware order.

At the time of your refund request, it was likely communicated to you that we typically take between 2-4 weeks to process refunds. Unfortunately, we received a larger quantity of refund requests around the time that we started to ship our April batch of TerraMiners to customers, and as a result we are running behind on processing them, as they are refunded in the order in which the refund request is received.

Your refund request is still active, and we are currently anticipating between 8 and 12 weeks processing time for some refunds.  We will continue to work towards processing the refunds as quickly as possible.

However, we would also like to share with you two incredible limited-time offers that, should you choose, will quickly get you back on track with your bitcoin mining activities:

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.


Option 2

Some customers requested a refund because for whatever reason they were unable to run the TerraMiners in their location.  We have been working on a solution to this problem and you may have read the announcement on May 12th that we have now launched a new service offering cloud-based Bitcoin Mining Contracts through CoinTerra Mining at:

http://mining.cointerra.com

A cloud-based mining contract is a solution where you receive regular payouts at the contracted hash power for a fixed term, powered by our scalable TerraMiner farm in a 24 x 7 datacenter: No equipment, no electricity costs, and no hands-on system management required.

For a limited time we are offering the equivalent of your purchase price of each TerraMiner converted to the 2 TH/s mining contract which is currently priced at $7,999 - a savings of $2,000!  If you have 2 x TerraMiner IV’s then you will get 2 x 2 TH/s plans, etc.

To discuss your order, please reply to this email with your preferred phone number and time of day to reach you (please include your time zone) and we will get in touch. If you are only able to communicate via email (for example, if you are not comfortable speaking in English) then please reply to this email and we will get back in touch.

In the event that you these offers do not interest you, we completely understand and we will keep you on the refund list and we thank you for your ongoing patience and understanding as we work to stay ahead in the incredibly fast-moving Bitcoin ecosystem.

Please do not hesitate to reach out to us if you have any questions.

 

Team CoinTerra

[email protected]

compared to hashfast, 8-12 week is nothing.
member
Activity: 63
Merit: 10
Not having read the full 148 pages, would you care to point out the importance of this refund mail to me?
Thanks!
hero member
Activity: 588
Merit: 504
May 21st, 2014

Dear Ed,

We are getting in touch with you because you have previously requested a refund of your CoinTerra hardware order.

At the time of your refund request, it was likely communicated to you that we typically take between 2-4 weeks to process refunds. Unfortunately, we received a larger quantity of refund requests around the time that we started to ship our April batch of TerraMiners to customers, and as a result we are running behind on processing them, as they are refunded in the order in which the refund request is received.

Your refund request is still active, and we are currently anticipating between 8 and 12 weeks processing time for some refunds.  We will continue to work towards processing the refunds as quickly as possible.

However, we would also like to share with you two incredible limited-time offers that, should you choose, will quickly get you back on track with your bitcoin mining activities:

Option 1

Some customers requested their refund because of the hash power deficit of 400 GH/s in the 1.6 TH/s units. With manufacturing running at full capacity we are now able to ship the 1.6 TH/s TerraMiners immediately from stock, and so for a limited time, if you are a US resident customer* who purchased at the original price of $5,999 (plus shipping) we can ship you 2 x your original order of TerraMiner IV 1.6 TH/s Bitcoin miners with FREE ground shipping on the additional unit(s).  That’s 3.2 TH/s for the same price paid for 2 TH/s!

An order for 1 x TerraMiner IV at $5,999 entitles you to receive a second TerraMiner IV with FREE UPS Ground shipping. An order of 2 x TerraMiner IV’s with total price of $11,998 + shipping entitles you to receive 4 x TerraMiner IV 1.6 TH/s shipped immediately with FREE UPS Ground shipping for the additional 2 units.


Option 2

Some customers requested a refund because for whatever reason they were unable to run the TerraMiners in their location.  We have been working on a solution to this problem and you may have read the announcement on May 12th that we have now launched a new service offering cloud-based Bitcoin Mining Contracts through CoinTerra Mining at:

http://mining.cointerra.com

A cloud-based mining contract is a solution where you receive regular payouts at the contracted hash power for a fixed term, powered by our scalable TerraMiner farm in a 24 x 7 datacenter: No equipment, no electricity costs, and no hands-on system management required.

For a limited time we are offering the equivalent of your purchase price of each TerraMiner converted to the 2 TH/s mining contract which is currently priced at $7,999 - a savings of $2,000!  If you have 2 x TerraMiner IV’s then you will get 2 x 2 TH/s plans, etc.

To discuss your order, please reply to this email with your preferred phone number and time of day to reach you (please include your time zone) and we will get in touch. If you are only able to communicate via email (for example, if you are not comfortable speaking in English) then please reply to this email and we will get back in touch.

In the event that you these offers do not interest you, we completely understand and we will keep you on the refund list and we thank you for your ongoing patience and understanding as we work to stay ahead in the incredibly fast-moving Bitcoin ecosystem.

Please do not hesitate to reach out to us if you have any questions.

 

Team CoinTerra

[email protected]
legendary
Activity: 1610
Merit: 1000
Well hello there!
Was always .095 not .0925, newfella.  Plenty left if you're looking to buy.  Or are you talking about this?
...
If anyone is looking to pick up shares in bulk @ .0925 PM me (minimum 100 shares per trade).

doh!!  chu caught me in a full-retard moment apparently.  Oh yeah, gonna grab what I can.  Had I the resources would hit you up on the 0.0925's though Wink
member
Activity: 113
Merit: 10
Perpetual optimism is a force multiplier.
PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice! Wink

well, this changes everything... !


Best news yet! Happy to see it all coming together, also, we sold 3311 shares of the first IPO batch and 9 days to go! Smiley
full member
Activity: 138
Merit: 100
Was always .095 not .0925, newfella.  Plenty left if you're looking to buy.  Or are you talking about this?
...
If anyone is looking to pick up shares in bulk @ .0925 PM me (minimum 100 shares per trade).
legendary
Activity: 1610
Merit: 1000
Well hello there!
Whoa. Was just saving up to try and pick up another share and BAM...just realized no more @ 0.0925!!  Did some big player come in and scoop them up after the announcement?

Fraid I might've missed the boat on this one.  Regardless, well played Cryptx!
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
^ ... they will -most likely- just hold onto them, cover the cost of the hardware that would have been bought with the ipo share discounting any profit they might have made from those... fairly simple and understandable. What it means is that we don't have to worry about those shares selling, and they can make a commitment to buy x amount of hardware and honour the deal they have brokered.

unless cryptx wants to clarify if they will actually spend 0.095 a share of their own pocket? After buying back at what price? ... I don't think so Smiley

edit: or?


Well if they take those shares, that certainly answers my main worry about lack of aligned interests between Cryptx and the PETA project.

this, and...

i'll gladly wait for clarification on the dividend's calendar. Also will be of interest if they declare if now the rules are set or if they can again surprise us any time with dividend halts re-ipos and etc.

what this move signals is that cryptx has listened to the voices here, looked at the slow selling re-IPO shares and put forward an arrangement that fits the situation better for them and shareholders. If they have been listening closely, they will further rectify some of the issues that have caused shareholder discomfort and loss of trust. This move is a step in that direction, I would expect further clarification and moves to build trust in the near future as they assess the situation after deployment and look at some of the mistakes made in the recent 2 IPOs and strategy changes... IMO
sr. member
Activity: 328
Merit: 250
PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice! Wink

Quote
... CryptX will purchase all remaining units of this batch.

Ah, but at what price?




At the current IPO price of 0.095 BTC

Source: Havelock
legendary
Activity: 1092
Merit: 1001
PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice! Wink

Quote
... CryptX will purchase all remaining units of this batch.

Ah, but at what price?


hero member
Activity: 574
Merit: 500
Well if they take those shares, that certainly answers my main worry about lack of aligned interests between Cryptx and the PETA project.
full member
Activity: 144
Merit: 100
i'll gladly wait for clarification on the dividend's calendar. Also will be of interest if they declare if now the rules are set or if they can again surprise us any time with dividend halts re-ipos and etc.
legendary
Activity: 994
Merit: 1000
That isn't accurate. If he purchases the shares they will be earning dividends and no longer available to be used for an IPO.

I would be much more comfortable if he had more skin in the game. This is a very positive move in my opinion.
sr. member
Activity: 378
Merit: 254
...
Technically, "buying" their own shares simply means not offering to sell them on the market...

+ paying Havelock fees...  "Shares flying now"--cryptx gets the ball rolling.
member
Activity: 63
Merit: 10
now, that is a bold move and commitment to their own project, i like to see this!
Apparently some other market participants also waited for a sign like this and are now confident enough to put a larger chunk of PETA into their portfolios.

I am really curious, how many shares there will be left for cryptx to pick-up this sunday  Smiley

As for dividends, I guess nothing changes. The hardware is bought and thus the money needs to come from somewhere. Either ipo money, or temporary 100% reinvestment of btc mined(-cost obviously). As there was no announcement in this regard, I can only speculate.

Nevertheless, even if for some weeks every bitcoin mined (minus cost) goes into paying off the hardware, I would still be a very happy PETA shareholder Smiley

Technically, "buying" their own shares simply means not offering to sell them on the market and resuming open market trading early. But I don't care as long as it works... Remember, that currently they generously(!!!) do not pay dividends to themselves for the shares they still have unsold from the ipo.  Now that they officially "bought" them, they will (and should!) pay themselves dividends on those shares. Don't think your dividends won't be lower...
hero member
Activity: 595
Merit: 506
Yes! Really happy about this, Cryptx has done it again! Not sure why I doubted them, they have always been good to me and done a good job. A few delays but that was out of their control.

Shares are now flying!
full member
Activity: 144
Merit: 100
And dividends payments will start when? TIA
newbie
Activity: 18
Merit: 0
Excellent news cryptx.

So very, fucking, happy.
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
PetaMine starts deployment up to 1,143 TH/s this Monday

May 21, 2014

We would like to announce that in the event that the first batch of 10,000 units are not sold out by This Sunday the 25th of May,2014 at 20:00 GMT, CryptX will purchase all remaining units of this batch.

On Monday 26th of May, PetaMine will begin to increase the current hash rate from 500 TH/s to 1,143 TH/s. All the hardware is ready and the deployment will start THIS Monday.

If and When more than 10,000 units sell in the current IPO we will deploy the remaining TH/s according the schedule in the Prospectus up to 1,500 TH/s.

We look forward to taking the PETA Fund operation to the next level. Thank you, The Cryptx Team



nice! Wink

well, this changes everything... !
hero member
Activity: 574
Merit: 500
and it begins

 [HAVELOCK] [PETA] 237 @ 0.095 = 22.515 BTC
[HAVELOCK] [PETA] 100 @ 0.095 = 9.5 BTC
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