Topic: Off-Topic - page 72. (Read 384423 times)

Sure, .4BTC in last 48hours on my BF
Average hashrate in last 10 rounds: 37895 Mhash/s

Will your miners you have on order be worth anything by the end of this year if any of this comes to be?

This is just one of many..... coming on line soon,

http://www.coindesk.com/vmc-closes-deal-for-28nm-asic-chips-in-24-5-thsec-miners/



Unless you have tons of cash to tie up you will be just a a little minnow fish surrounded by whales in a small lake. Personally, Im not spending another dime on asics till I see where this is all going to level out at, if at all. I really dont think anyone will see any ROI on their purchases for asics. The only ones making any money will be the manufactures and its investors, and the already well established large mining farms. I think the future for the little guy will be in Alt Coins, which there are some doing very well. Now we just need someone to develop better scrypt mining hardware....could be the next asics".

Where's the thread that says this?

From other thread by Bitsyncom:

Alright guys, got some good news, here's the two big ones.

1. chips from wednesday arrived just fine, they are being split/packaged for shipment.
2. we are going to open refund for all orders, not just june 1st/15th or what not.

expect more detailed update via newsletter later tonight.

So what's the deal.  Are the chips going to be so late that he's giving everyone a refund?  Are the chip shipments expected to encounter continued delays or are the refunds damage control for credibility?

So what's the deal.  Are the chips going to be so late that he's giving everyone a refund?  Are the chip shipments expected to encounter continued delays or are the refunds damage control for credibility?

From other thread by Bitsyncom:

Alright guys, got some good news, here's the two big ones.

1. chips from wednesday arrived just fine, they are being split/packaged for shipment.
2. we are going to open refund for all orders, not just june 1st/15th or what not.

expect more detailed update via newsletter later tonight.

Timer removed. End time: 2013-09-13+24:00:00EDT

At the risk of being called a TerraHash shill, I am making the following statement.

I know it sucks for all of you who ordered from them. I feel lucky that I did not, but I almost did. Complaining to FTC, or FBI, IC3, Attorney General, BBB or whatever else Bitcoinorama is suggesting, is going to do NOTHING! These agengies investigate for fraud, and from the looks of it, TerraHash did not do anything illegal. Your situation with them is purely a civil matter. Yes, by law they ARE required to refund, when asked. But refusing a refund is not a crime. It is a breach of contract. Which is a civil matter. Even if the FBI opens an inquiry against them, as long as they have the bills/receipts to prove that they paid for the chips and the components (which I believe they have), there is nothing FBI can do about it. From my calculations, and a recent comment of Amir in this thread, I estimate they invested 50% of the money in the chips, 30% in components, 10% office and miscellaneous and 10% in salary. If FBI comes and looks at their books (assuming they have been maintaining their accounts), they would not find any illegal activity. It would be waste of their time and tax-payer money. My suggestion to you guys is to pool money together, and hire a lawyer and file a civil lawsuit against them. Definitely, you will get a judgement against them. But we all know what the outcome of that will be. TerraHash will dissolve and file for bankruptcy. The judge would not hold the office-bearers of the company liable. Even if they have any money in the company's accounts, I am assuming they already owe a lot to PayPal right now because of all the chargebacks. So, in the end you will probably get 5-10% of your money back.

We all know they got screwed by Avalon, but even if they didn't and it was 100% their mistake, they did not do any crime. Collecting money from customers and investing it in wrong place (as long as there are no fraudulent intentions) is not a crime.

Exactly!

What happened in the last 2 days is serious: HW problems and a new service with new pre-order.

@Bargraphics,

I wrote "If a refund is not possible (...)". So if it is, my decision is clear. As a costumer i had the right to get emails (plural!) with the news update. That information shouldn't be only on a fórum.
You judge too fast.
You're rude and arrogant. I'm not from any country of the commonwealth so english is not my native language. I do my best, ok?

P.S.: Refund requested to TH.

I guess you shouldn't start a business without capital, or a business plan. I have no idea how anyone can feel badly for TH with their lousy treatment of those that funded them. Especially seeing that they aren't answering anyone on refunds, but instead moving ahead with yet another plan to get more funding. They didn't buy everything, remaining funds should be returned on request, even if partial, but they need to answer people. They are digging their own hole. The community would have rallied behind them completely if they pulled us in, and many offers were made to help them with their customer service problem.

I would guess that 80-90% of the customers here would have helped in any way had they asked and kept us informed. That's how a community works.

Credit card companies will allow chargebacks for at least 6 months and will go longer if needed with proof of fault (not receiving item).

here is the problum with that. the reason TH has no money for refunds is becouse they bought the supplys (other than chips) with that money. do you think TH can make money out of thin air?