Topic: Off-Topic - page 113. (Read 384417 times)

I agree. This is not Terrahash's fault and Kooks has some more nefarious reason to see them fail. It's Bitsyncom/Avalon you need to be chasing, but they won't answer, which is totally irresponsible, they know what people have riding in this. They openly encouraged people to creat businesses around them.

I have been trying to keep up with this thread, or at least I think I have, and I am unclear on some of the details of the current Terrahash situation.  I was (un?)fortunate enough to be one of the first orders and was looking forward to mining, but am now reconsidering what my options are.   For those willing to share, I’m curious to know what others think is the best strategy at this point and why.

The way I see it, Terrahash customers have a variety of options... (please excuse my awkward presentation, it was the best I could come up with for organizing my thoughts)

1.   Try to get a refund.
   a.   Not clear on if this is possible.  It has been alluded to, but did not see any details.
   b.   CC dispute if paid through PP?  Not sure how willing CC will be after 50+ days after sale.
   c.   PP says no, but I did see another thread that claimed it was possible but took a month.
   d.   BTC/money order refund not likely unless TH voluntarily refunds.  This is unclear to me as they did say they would offer a refund once we get an email with an estimated delivery date.  Did we get that email?  Is the estimate “two weeks after we get the chips”?  So does that mean that they will no longer offer refunds?  Confused.
2.   Wait for TH to ship then sell the hardware
   a.   Will it be possible to sell the hardware for what it was purchased for?  This option feels like a letdown, but could be a way to back out of the whole thing.
   b.   When to sell?
      i.   ASAP – probably get more $ for hardware.
      ii.   Mine for a while first – I like this option, but probably won’t get much if anything for the hardware.
   c.   How to sell?
      i.   eBay.
         1.   Sounds sketchy with 50% scammers… not sure how to avoid scammers.
         2.   Does a high eBay rating necessarily mean they are not a scammer?
         3.   Is it possible to prevent chargebacks through PP/CC?
      ii.   Bitcointalk - It appears there are many successful auctions/sales on the forum.
         1.   How to handle escrow?
         2.   Best practices for seller and buyer on forums?
      iii.   Bitmit - I am unfamiliar with this site, but similar concerns as eBay.
      iv.   Meet in person… possible, not likely.
      v.   Other?
   d.   What to sell?
      i.   DX with 10 blades - probably harder to find a buyer.
      ii.   Individual DX blades - probably easier to sell, but no not sure what to do with the DX chassis.
3.   Keep equipment, mine with it, and hope for BTC to spike in the coming months.
   a.   Currently it looks like ROI could be possible in 6-12 months if mining starts in 45 days with the following assumptions and calculations:
      i.   Hosting with TH for $50/month – I believe this is equal to $0.0582/KWh based on http://www.electricity-usage.com/Electricity-Usage-Calculator.aspx?Device=DX180GH&Watts=1280&CostPerKWH=0.0582&HoursPerDay=24.
      ii.   http://mining.thegenesisblock.com/
         1.   Hardware: DX large
         2.   Initial Mining Date: October
         3.   Electricity Costs $0.0582/KWh
         4.   ROI: April 2014?

Keeping in mind that part (if not all) of the reason (at least for me) for getting into mining is to make a profit, or at least to not lose money, what do you plan to do base on what you think/speculate/theorize/prophesize will happen in the coming months?

Another thing I have been curious about is what others plan to do with the TH hardware once the difficulty get so high that there is little to no profit.  It sounds like the next gen chips might have different pad layouts?  Will it be possible to solder the next chips on the older boards?

No disclaimers necessary, I am fully aware that much of what is posted here is speculation. This is a summary of what I have absorbed from hours of reading the forums.  Please feel free to correct anything I have stated or assumed that is wrong!

Thanks for taking the time to read and hopefully contribute to my rambling questions.

Of course you'll be accused of being paid; you got of your arse, whilst the accusers sat on theirs. Simple.

Wow. All hell seems to have broken loose here. I'm kinda glad I took a night off.  

Still interested in knowing chips orders/order numbers from our most vocal pals. Everyone in the past put out their numbers.
How about you Kooks? What do you have on order with TH?

Cryptoin's TH order database: https://docs.google.com/spreadsheet/ccckey=0AiyRS_8Y_814dGM0cU5KdFJTVlpWeG9LSDJKYnNmMkE&usp=sharing

I have 35 k16s on order: Order# 565 & 1304 (560 chips total)

BTW, I love it when I get asked how much I am paid to be here. That's the last argument of a person who is being proved wrong. In case certain people didn't read back far enough to see my posts from visiting TH, here is a link to the pictures I took proving TH's 40k chips on order: http://s1334.photobucket.com/user/knightlife999/library/?sort=2&page=1

the way its dropping today (FTC),,I may be right behind ya...lol

there is nothing 100% sure in bitcoin! lol, I dont care what it is,,,so,,,

they were failing to reach 4.5ghash and had tonns of hw errors. This is embarassing...

Terrahash have already demonstrated their board running

http://www.youtube.com/watch?v=CBqWftIsLMI

Seems like TH should test the latest PCB since they are the ones with the resources + pick & place equipment.
Also they should have received 60 Avalon sample chips.
Who knows maybe they have already tested the PCB and keeping the results secret.

if someone forgot,
BkkCoins blessed TH for all this stuff.
keep calm, TH will have PCB design from creator, just think that there are no reasons for panic about that.

If Gen2 will happen, klondike will be upgraded for sure in such case.

My wondering is only related to Avalon part, just like casino.

Since the new PC board hasn't been tested yet we can't be 100% sure its going to work with out some changes.
It sure would have been nice if TH would have bought 1 or 2 new PCB's a couple of weeks ago and tested it so they would be sure its ready for manufacture.

The five stages of grief are:

1-Denial
2-Anger
3-Bargaining <-- Im here today
4-Depression <-- 8/15
5-Acceptance

Where are you?

Nice.

My miners are already back to Litecoin.

Yes I do remember you saying and asking for that. But TH did also, make a post reassuring you and us, they will be printing the new boards ,so have they ran production on the new board(s) probably not, but i have the utmost confidence in their engineers and resouces in the bay area, that they will in fact produce a working new revised board for us

ya you don't see it? lol

well I am just about to hit another 700 Feathercoins, so you know what that means   a BTC in the ol wallet coming right up! lol

There's an elephant in the room? 

are we gonna ignore the elephant in the room?

Most have, and do now build business based on preorders?  Including yifu and avalon....pay before they are made"  ? and yes they (TH) did have to refund cloudhashing, but i beleive had already used their money to place orders for chips,,,then cloudhashing got cold feet and wanted to bet on another horse,,well look were that got cloudhashing so far,,,they ain't got crap for mining gear yet, right now its a joke, they send out encouragement letters all the time,,I get em in my email lol,,,,In my opinion, they helped set Terrahash off on a bad footing, no fault of their own,,,mostly ok,

it is a scam when they tell ya they spent all the monies already for your orders and come to find out they werent...

ethical issues are surfacing...

up to now a refund wasnt an option until a couple hours ago (when this fact surfaced)