Off-Topic - page 23. | Bitcointalksearch.org

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Tad3j on October 22, 2013, 03:03:01 AM

I think they are just trying to deal with the mess. The site is still operatable and they have now enough funds to refund 100% in cash - also the bitcoin payments (this is also a good option). Let's wait as Amir sais and even if they refund 50% it's better than nothing. I personally have trust in them, since they make everything prepared really good.

Anyone that know's situation well enough to know Amir's name, and still trusts them i call something fishy.

Lets say even if he does refund 50 percent this business venture will haunt him i predict. He might be able to get around it by having a new LLC which is easy and cheap. But it would be interesting how many banks, credit cards, and paypal will deal with him in future ventures. His reputation after this I would be surprised any company hiring him for anything even decent if they find TH.

Job interview... so what made you leave your last job? Actually i managed it so poorly and treated customers so bad i caused a 1/2 million dollar plus company to go under. Our accomplishments include missing deadlines, and we did manage to get one half functioning prototype with 1/2 million dollars!

Tad3j

sr. member

Activity: 270

Merit: 250

I think they are just trying to deal with the mess. The site is still operatable and they have now enough funds to refund 100% in cash - also the bitcoin payments (this is also a good option). Let's wait as Amir sais and even if they refund 50% it's better than nothing. I personally have trust in them, since they make everything prepared really good.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: hammurabi on October 21, 2013, 09:51:31 PM

Quote from: hammurabi on October 20, 2013, 07:52:23 PM

Quote from: hammurabi on October 16, 2013, 08:56:31 PM

Any news to share with us?
Have Yifu refunded chip batches?
Are we waiting for something?
Have you reused/planning to reuse our parts in your mining enterprise?
Can you describe what is the purpose of the stash tracked (below) by fire5?
Do you have timeline of how and when refunds will be handled?

Thx.

Quote from: fire5 on October 09, 2013, 11:20:05 AM

BTC from customer payments - https://blockchain.info/address/1LMr1hz5Usk8eFNf4XQbbeaYGWNpFBYbVy
Stash - https://blockchain.info/address/18rKLM23mwJWFB9PPyDWQrPLXWRcp2srZh

Currently the mentioned amount of BTC3,471.86046069 in TH stash divided by 40.000 chips ordered equals to BTC0.086775 per chip.
Which should be available at hand for immediate refunds.

Which is BTC1.3884 per K16. Or $208.26 now.
Which is BTC5.5536 per K64. Or $833.04 now.

(Assuming current btc price ~$150).
And still there is a lot of parts for reuse or sell.

Why is TH not taking action and taking advantage of current exchange price?

Quick Update (2013-10-22):
Current Bitcoin Best Bid aquired from https://bitpay.com/bitcoin-exchange-rates is $181
Which is BTC1.3884 per K16. Or $250+ now.
Which is BTC5.5536 per K64. Or $1000+ now.

That means that from this point on TH have enough money to issue full refunds and still exit with a profit from the failure.
It also means that from this point forward withholding refunds equals to taking an additional unnecessary risk on consumers' money by TerraHash.

It honestly dosen't matter what price BTC reaches, when they will never refund. If they give 50 percent i would still be surprised. I think its gone unless legal action, which might explain why this thread died off.

Also where is Knight the person who verified chip orders? I still think you might be smart to look into that verification..... if you are having to get a lawyer.

hammurabi

full member

Activity: 223

Merit: 100

Quote from: hammurabi on October 20, 2013, 07:52:23 PM

Quote from: hammurabi on October 16, 2013, 08:56:31 PM

Any news to share with us?
Have Yifu refunded chip batches?
Are we waiting for something?
Have you reused/planning to reuse our parts in your mining enterprise?
Can you describe what is the purpose of the stash tracked (below) by fire5?
Do you have timeline of how and when refunds will be handled?

Thx.

Quote from: fire5 on October 09, 2013, 11:20:05 AM

BTC from customer payments - https://blockchain.info/address/1LMr1hz5Usk8eFNf4XQbbeaYGWNpFBYbVy
Stash - https://blockchain.info/address/18rKLM23mwJWFB9PPyDWQrPLXWRcp2srZh

Currently the mentioned amount of BTC3,471.86046069 in TH stash divided by 40.000 chips ordered equals to BTC0.086775 per chip.
Which should be available at hand for immediate refunds.

Which is BTC1.3884 per K16. Or $208.26 now.
Which is BTC5.5536 per K64. Or $833.04 now.

(Assuming current btc price ~$150).
And still there is a lot of parts for reuse or sell.

Why is TH not taking action and taking advantage of current exchange price?

Quick Update (2013-10-22):
Current Bitcoin Best Bid aquired from https://bitpay.com/bitcoin-exchange-rates is $181
Which is BTC1.3884 per K16. Or $250+ now.
Which is BTC5.5536 per K64. Or $1000+ now.

That means that from this point on TH have enough money to issue full refunds and still exit with a profit from the failure.
It also means that from this point forward withholding refunds equals to taking an additional unnecessary risk on consumers' money by TerraHash.

southerngentuk

sr. member

Activity: 1316

Merit: 254

Sugars.zone | DatingFi - Earn for Posting

They had options. They could have done a deal with Marto or Burnin to complete there orders, or refund.

They have chosen the third option instead. Run away with the cash/coins. Shocked

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: fasmax on October 21, 2013, 06:07:30 PM

Does anyone think TH still has or ever had the parts to build the K16's?
If so what do you think they did or will do with all the parts?

I would bet that just like they outright lied about purchasing the chips, the also fibbed about everything else.

fasmax

sr. member

Activity: 378

Merit: 250

Does anyone think TH still has or ever had the parts to build the K16's?
If so what do you think they did or will do with all the parts?

fire5

newbie

Activity: 53

Merit: 0

More people have the k16 klondike working with firmware issues,

Avalon website store still has "only 1 10k chips left in stock" .

Noruka

sr. member

Activity: 910

Merit: 253

Quote from: joeventura on September 29, 2013, 08:26:12 PM

Quote from: jamie10511 on September 29, 2013, 06:28:16 PM

knightlife also made an ebay listing that i had mentioned before. knightlife promised people 15 btc per year for only $250. on ebay. well how can that be honest Huh that is like giving away $1500 for 250. each listing on ebay was for 5 units of his miners (not one unit per listing)

see here

http://www.ebay.co.uk/itm/Bitcoin-BTC-virtual-miner-10-GH-s-/181191689905

see the writing in green

I guarantee that your rented miners will make you 15 Bitcoin or 660 Litecoin
(your choice) in 1 year from start of my mining operation for
each 5 units purchased.

this is definitely fraud.

Accusing people of fraud is very serious especially when you have not a single shred of evidence.

So either provide your detailed proof or shut up.

exactly. Fraud and scam are different as well.

3DX4D

member

Activity: 65

Merit: 10

Quote from: hammurabi on October 20, 2013, 07:52:23 PM

Why is TH not taking action and taking advantage of current exchange price?

IMHO TH has probably retained legal counsel, and it will probably take a normal bankruptcy attorney a while to get his head around the whole Bitcoin thingy. Favourable exchange rates or not, if they have a lawyer they are assuredly acting on his advice and I doubt he would advise them of anything until he has a clear understanding of potential legal implications and that might take him a while lol!

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: hammurabi on October 20, 2013, 07:52:23 PM

Quote from: hammurabi on October 16, 2013, 08:56:31 PM

Any news to share with us?
Have Yifu refunded chip batches?
Are we waiting for something?
Have you reused/planning to reuse our parts in your mining enterprise?
Can you describe what is the purpose of the stash tracked (below) by fire5?
Do you have timeline of how and when refunds will be handled?

Thx.

Quote from: fire5 on October 09, 2013, 11:20:05 AM

BTC from customer payments - https://blockchain.info/address/1LMr1hz5Usk8eFNf4XQbbeaYGWNpFBYbVy
Stash - https://blockchain.info/address/18rKLM23mwJWFB9PPyDWQrPLXWRcp2srZh

Currently the mentioned amount of BTC3,471.86046069 in TH stash divided by 40.000 chips ordered equals to BTC0.086775 per chip.
Which should be available at hand for immediate refunds.

Which is BTC1.3884 per K16. Or $208.26 now.
Which is BTC5.5536 per K64. Or $833.04 now.

(Assuming current btc price ~$150).
And still there is a lot of parts for reuse or sell.

Why is TH not taking action and taking advantage of current exchange price?

I am pretty certain that it was proven that TH never purchased the 2-3 other 10,000 chips.

hammurabi

full member

Activity: 223

Merit: 100

Quote from: hammurabi on October 16, 2013, 08:56:31 PM

Any news to share with us?
Have Yifu refunded chip batches?
Are we waiting for something?
Have you reused/planning to reuse our parts in your mining enterprise?
Can you describe what is the purpose of the stash tracked (below) by fire5?
Do you have timeline of how and when refunds will be handled?

Thx.

Quote from: fire5 on October 09, 2013, 11:20:05 AM

BTC from customer payments - https://blockchain.info/address/1LMr1hz5Usk8eFNf4XQbbeaYGWNpFBYbVy
Stash - https://blockchain.info/address/18rKLM23mwJWFB9PPyDWQrPLXWRcp2srZh

Currently the mentioned amount of BTC3,471.86046069 in TH stash divided by 40.000 chips ordered equals to BTC0.086775 per chip.
Which should be available at hand for immediate refunds.

Which is BTC1.3884 per K16. Or $208.26 now.
Which is BTC5.5536 per K64. Or $833.04 now.

(Assuming current btc price ~$150).
And still there is a lot of parts for reuse or sell.

Why is TH not taking action and taking advantage of current exchange price?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: newguy05 on October 18, 2013, 10:15:25 PM

Quote from: fire5 on October 18, 2013, 01:41:53 PM

User bogart has the 3 k16's hashing at 2.5G hash avg, in the klondike thread,

Avalons selling trays of chips for 100Btc each. http://avalon-asics.com/product/avalon-110nm-chip-10000-tray/

Th supposedly says he has 80k something supplies for the k16 boards.

Terrahash decided to log out on the same day of month as bkkcoins.

No news about refunds. Stated only 50% because he bought his 80k k16 gear.

Why wont you send 50% of our money and 50% of k16 gear worth, BTC went from 110$ - 70$ - 165$ from the time you took peoples money, even

if you held onto it without doing shit thats 55$ up a btc so why the 50% bullshit. 50% is like saying you don't give a shit about even doing the

actual calculations, and thats even if we believe the 80k worth of k16's story. Your whole attitude towards people who ordered from you is shit.

Fuck you xxfucker
.-.
|U|
| |
| |
_| |_
| | | |-.
/| ` |
| | |
| |
\ /
| |
| |

what makes you believe TH will refund 50% of your money, because they said so? you will not see 1 cent of your money unless you take them to court.

Seems if anyone really is taking them to court maybe they actually got good advice of not posting about it on forum, and let lawyer handle it.

Knight where are you? Can you verify TH's refunds with you verifying chip orders .... watching them sign in for orders that were not there. And hi Amir! What is your next company going to be? Will you keep this one open till all money is drained?

newguy05

hero member

Activity: 1316

Merit: 503

Someone is sitting in the shade today...

Quote from: fire5 on October 18, 2013, 01:41:53 PM

User bogart has the 3 k16's hashing at 2.5G hash avg, in the klondike thread,

Avalons selling trays of chips for 100Btc each. http://avalon-asics.com/product/avalon-110nm-chip-10000-tray/

Th supposedly says he has 80k something supplies for the k16 boards.

Terrahash decided to log out on the same day of month as bkkcoins.

No news about refunds. Stated only 50% because he bought his 80k k16 gear.

Why wont you send 50% of our money and 50% of k16 gear worth, BTC went from 110$ - 70$ - 165$ from the time you took peoples money, even

if you held onto it without doing shit thats 55$ up a btc so why the 50% bullshit. 50% is like saying you don't give a shit about even doing the

actual calculations, and thats even if we believe the 80k worth of k16's story. Your whole attitude towards people who ordered from you is shit.

Fuck you xxfucker
.-.
|U|
| |
| |
_| |_
| | | |-.
/| ` |
| | |
| |
\ /
| |
| |

what makes you believe TH will refund 50% of your money, because they said so? you will not see 1 cent of your money unless you take them to court.

fasmax

sr. member

Activity: 378

Merit: 250

Maybe TH got the K16 working and built them.
Then let everyone think it wasn't working.
They could have mined a lot of BTC by now.

southerngentuk

sr. member

Activity: 1316

Merit: 254

Sugars.zone | DatingFi - Earn for Posting

/\
Good points,
Add the fact that the last revision board was still a beta I doubt he would have ordered pcb's.
Components are cheap.
And TH has been full of s*it from the beginning.

fire5

newbie

Activity: 53

Merit: 0

k16's working 100%

southerngentuk

sr. member

Activity: 1316

Merit: 254

Sugars.zone | DatingFi - Earn for Posting

Quote from: joeventura on October 17, 2013, 12:15:08 PM

Let me help you out from under that rock.

Terrahash is over, they aren't coming back, they are not refunding any money.

You want something from them get an attorney.

Let this thread die, its over.

Sadly, I think your right.

joeventura

hero member

Activity: 854

Merit: 500

Let me help you out from under that rock.

Terrahash is over, they aren't coming back, they are not refunding any money.

You want something from them get an attorney.

Let this thread die, its over.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: btceic on October 17, 2013, 10:44:31 AM

Quote from: Tad3j on October 17, 2013, 10:17:37 AM

This is your opinion. So far can it be even right or wrong as mine. I am willing to wait for the facts from the company. They showed positive purpose and that's what counts. Someone who has a positive purpose from start, they just don't change into bad guys and leave. There was alot of confirmations from different sources.

Bar is this your alt account?

Lol maybe Knight made a new appearance if not. Knight care to talk again about how you saw Amir log into 1 account and saw all these chip orders? What facts do you want from company Tad?

Here are facts they have said they are NOT producing the product. They missed any possible deadline, except the one accepting pre-orders. The confirmations were a joke. We had someone who confirmed orders of chips that were NEVER ordered. They never even had a video of proper prototype.

Where are your sources about how the refund process is going? *crickets* there are none! The company if sued is going to have to close they don't have any cash going in, just salaries and things going out.

I would guess Amir is more worried about having a lawyer lined up. And.... maybe working on a resume. Only thing we can hope is that who ever he tries to work for finds this failed company before hiring him.

Topic: Off-Topic - page 23. (Read 384416 times)