Topic: [NEW ULTIMATE Group Buy][COINTERRA 2 Th/s] 0.20 BTC=40 Gh/s! (John K. Escrow) (Read 3983 times)

P.S.

On BtcGuild it makes a bit less but also much more then 0.007 BTC per hour:

https://i.imgur.com/9odoTIo.png

Even that was without any tuning.
Right now after some tuning of cgminer it makes about 2x.

Also if you looks inside crontab.root you can see that crontab do job 5 min. I think Cointerra did greate job but for now
shifts time reduced to 3 min. So changed. Also ulimit 1024 not enough so changed to 8192.
Also some small hardware modification. I solder tantal capacitors 0.01-0.1 mF across each chip to cut high-frequencies harmonics (better to check with oscilloscope). Also solder all power-lines as thick as possible wires coz current is high.

Also web interface of terraminer have some bugs so I did all tweaks via SSH, even shutting down lighttpd daemon.
At so on at so on......... Right now my 1.6 Th terraminer hashing at 1.71-1.73 Th/s.

Regards.

Ultibit = SCAM

Here https://www.facebook.com/TheUltibit they said that "On average, the TerraMiner IV 2 makes 0.007 BTC per hour."

That's not true.

I have same terraminer and it makes 0.007 BTC per block not per hour.

https://i.imgur.com/FWiPK0n.png

They got it at reasonable time and even loose more then month in set-up machines.

Also web site offline.

Also they sold 50 shares/40 Gh 0.7BTC/ each share. so 50x40=2000
But terraminer hashing max. at 1600 Gh ( 2 Th will be from may batch only)
But they even don't explain that they think everyone forgot about that.

So.... scam again.

They are not proffessionals, they are scammers.

Only blablabla...........

And here some talking about things:

--------------------------------------------------------------------------------------------
Hi
Sorry, that's not possible.
Have a nice day.
Thanks & Regards
Ultibit

    On April 6, 2014 at 2:55 PM:

    Hi!
    I think that I don't uderstand english.
    So you sent me 0.06362021 BTC
    I paid you 1.4
    If you will send me such amount I will got my money back at.... 1.4/0.06362021= 22 weeks= half of year..... nice.
    Where is profit?

    It's looks like I credited you without %

    SCAM!!!!!!!

    I wanna refund!!!!

    Please give my BTC back.

    Regards.




    info <[email protected]> :

        Hi Teminat
        Do you understand english?
        Are you requesting a refund? We don't quite understand what you're requesting... We are most definitely not scammers, we have already hosted 2 TerraMiners and sent out payments, here's the proof: https://blockchain.info/address/1gnQUDpMkTJPsPauVe4kzJDSaSPTvmfSV

        Furthermore, here's additional proof: https://www.facebook.com/TheUltibit - Comments from our customers saying they've received payouts.
        Thanks & Regards
        Ultibit

            On April 6, 2014 at 7:06 AM :

            Hi!
            What's up?!
            You said that you will pay me 1 of April.
            But you don't.

            Where is my bitcoins?

            What to fuck!

            You are SCAMMERS.

            Give me back my bitcoins!


 -------------------------------------------------------------
               Fwd: Re: mining
                Tue, 25 Mar 2014 20:18:54 +0200
               <[email protected]>

            Ok. Would see how much you give me back.
            I don't need a lot.
            Return what i spent will be ok.

            Regards.

             <[email protected]> :

                Hi there,

                We have paid for the machine and we cannot provide a refund. There is no
                BTC left as it was all spent on the machine and whatever was left we
                gave back to the customers.
                That 0.2 BTc that you received was left over money that instead of
                keeping we gave you back.
                We would also like to remind you that at the time you bought the shares
                the price of the BTC was low therefore a bigger amount of BTc was needed
                to buy the machines which, together with shipping, costs approximately
                6,200 dollars.
                On the 1st of April we are giving out the first payouts.

                Thanks & Regards,
                Ultibit

                On 2014-03-25 19:43, :
                > Do you mean that I will not get my money back from Ultibit?
                > 1,4BTC for 80 Gh/s? That's prise is SCAM coz your refund was 0,2 from
                > 1,6BTC
                > and you sell same shares even for 0.4 at same time.
                > OK, WILL SEE.
                > Better will be to give me refund, as I told before even maybe a less
                > but refund!
                > I don't need scam "mining".
                > Waiting for answer.
                >
                > <[email protected]> :
                >
                >> Hi there,
                >>
                >> You do not need to have a Twitter or Facebook account to view the
                >> posts
                >> in the two networks.
                >> We issue refunds just while sales are open because the BTC is not
                >> been
                >> yet used for the purchase of the miner.
                >> We buy the miners with the BTC collected from the shareholders in
                >> the
                >> group buy. We have specified in our website that once the miner is
                >> ordered we cannot possibly issue refunds because the BTC collected
                >> has
                >> already been spent for the purchasing of the machine.
                >> We would also like to remind you that we have sent out a total of
                >> 10 BTC
                >> worth of refunds when the price of the machine was lower than the
                >> total
                >> BTC collcted.
                >> This is the disclaimer on the Ultibit website:
                >> http://ultibit.com/index.html [1]
                >>
                >> " 1. This disclaimer is not intended to be a comprehensive list of
                >> rules but is intended to be a summary of our rules and regulations.
                >> 2. We (Ultibit) take no responsibility for the possibility that the
                >> suppliers do not deliver.
                >> 3. We (Ultibit) do not guarantee a fund reservation service and
                >> retain the rights to expire funds where refunds are not possible
                >> for 30
                >> days or more afterthe receipt of said funds.
                >> 4. We (Ultibit) have done what we consider thorough and due
                >> diligence
                >> but do not always offer a guarantee.
                >> 5. Ultibit reserves the decision making rights in regard to
                >> refunds.
                >> Refunds are considered on an individual basis and are not always
                >> guaranteed.
                >> 6. Lack of response to Ultibit where refunds are concerned will
                >> result in refunds being sent to the sending address without
                >> requiring
                >> further question or notification.
                >> 7. We (Ultibit) do not take any responsibility for problems that
                >> may
                >> arise from Bitcoin addresses that are not signed properly or not
                >> signed
                >> at all.
                >> 8. We (Ultibit) do not take responsibility for late payments and/or
                >> late refunds.
                >> 9. We (Ultibit) are selling computational power, not providing
                >> investment opportunities.
                >> 10. We (Ultibit) are not responsible for Bitcoin fluctuations
                >> leading
                >> to refunds or other issues."
                >>
                >> Feel free to contact us at any time for any additional question,
                >> clarifications and feedback on our service.
                >>
                >> Thanks & Regards,
                >> Ultibit
                >>
                >> On 2014-03-25 17:40, :
                >>> It was TerraMiner N2.
                >>>
                >>> Tx ID was:
                >>>
                >>>
                >>
                > https://blockchain.info/tx/b1d7e41334cd8d0d028173285cb8531abfee61084bdac038873cdde8659ac355
                >> [2]
                >>>
                >>>
                >>>  <[email protected]> :
                >>>
                >>>> Hi there,
                >>>>
                >>>> What TerraMiner IV were you shares in?
                >>>>
                >>>> Thanks & Regards,
                >>>> Ultibit
                >>>>
                >>>> On 2014-03-25 00:22, Teminat Zadoff wrote:
                >>>>> Hi!
                >>>>> I paid for 2 shares 0,8x2=1,6 BTC.
                >>>>> After you return 0,2 so 1,4 BTC you hold.
                >>>>> I cannot wait more and dont need such "mining" anymore.
                >>>>> Please give me refund minus your comission to my given wallet.
                >>>>> Thanks.
                >>>>> Regards.

I'm waiting for a 5 months and when I paid to Ultibit thah they were very responsible via e-mail. ( I have all e-mails from beginning and can post here too. They very good teach me how to sign message from wallet. )
After 5 month there wasn't any e-mail.Last answer vas here in message #29 when I posted message 28 so I duplicate my last e-mail here coz no response again.....

-------
Hi!
I paid for 2 shares 0,8x2=1,6 BTC. 2013-10-26
After you return 0,2BTC 2013-11-03 so 1,4 BTC you hold.
I cannot wait more and don't need such "mining" anymore.
Please give me refund minus your comission to my given wallet.

18dMt3t9DBRD4uF15LyXDhTi7uyzcu2YCb
This wallet you know  coz before I signed it with message like you instruct me.

Ultibit please give my money back.

Thanks.
Regards.
---------

I wanna not be scammed. If they operating many of k$ and reputable so think they will do refund ASAP.
Thanks .
Regars

Hold off people. Looks like Bobsag3 is pulling a fast one on these group buys and holding the miners hostage to force Ultibit into an unwanted contract.

So I am a little new to this, but with the difficulty being what it is and rising as quickly as it is, we're looking at less than $80/month per share after costs?

If my math is right, is that pretty typical?

If you're using escrow or planning on it, it's not a requirement but we do prefer if you can email us with your txID, payout address and signature details for your payout address (and payment address if its different) as well. That way we can back your case better in future if there is a problem as well as manage the billing and customer service better.

If you've already sent a payment through John K. and would like quicker response times and better service then please email us the above details to [email protected]

We apologize for the delay.
You can find all the available updates on our Twitter https://twitter.com/TheUltibit and Facebook https://www.facebook.com/TheUltibit pages as we post all up to date notifications there.
Alternatively you might like to check the Cointerra website https://cointerra.com/status-updates/ yourself.
We will make sure to inform all share holders about any relevant news from Cointerra on shipping dates.

Hi!
Is there any news coz I'm member of "early January" batch?
Any info please?
I'm asking here coz sent message to ultibit and no answer.
Thanks.
Regards.

We do understand your concern and we will take the right precautions to prevent any unpleasant situations.

My point is this: I am concerned about this happening again as it happened without warning very recently.

If you're using escrow or planning on it, it's not a requirement but we do prefer if you can email us with your txID, payout address and signature details for your payout address (and payment address if its different) as well. That way we can back your case better in future if there is a problem as well as manage the billing and customer service better.

If you've already sent a payment through John K. and would like quicker response times and better service then please email us the above details to [email protected]

As John is our escrow provider we are in touch with John K. otherwise we would consider alternative escrow services.

 The price of the machine still remains the same, which makes it impossible for us to drop the price of the shares. As mentioned on our website http://ultibit.com/machines/terraminerIV4/index.html when we manage to buy the machine at a lower rate then expected we do provide all customers with a refund. So far we have managed to refund our customers more than 10 BTC.

From Nov 29 until early January, John K disappeared. Have you spoken with John about this and is this unlikely to happen again?

0.2 40gh/s for April?! it is crazy! :| could we get some profit from this?

We cannot disclose any information that might lead to tracking of the hosting facility as it would be dangerous: we would never want to be tracked down and have possible robbers steal our machines.
We can however upload pictures of the inside of the hosting facility. If we can provide any other evidence we will surely do so.

what about receipt or something make us sure you have placed and payed order?

Great, thanks. Looking forward to that.

We have put on our website a link to the Cointerra website because we are not responsible for any chages that they may apply to their Miner Protection Program. We cannot quote information that might be subject to changes in the future.
We are not Cointerra and therefore we are not responsible for their content.
We have however gone ahead and asked them on your behalf what their Miner Protection Program is about so that you can have a direct up to date reply from them. As soon as we have feedback we will let you know.

If you are interested on buying shares or have any questions, please feel free to contact us at [email protected] at any time.