Topic: Official BITMINE CoinCraft series 28nm ASIC miners thread - page 169. (Read 565240 times)

Yeah, the ******* virus is strong...

This is a good question. Those first 10 days are very unclear territory legally spoken.

Also, what's with the 10% per 10-days CPP anyway?
Can it really go on endlessly?
Or is the moment it comes to the third rule (61 day rule) also the moment the CPP "is supposed to stop" ?

Does bitmine assume/hope that people will always want their money back instead of them having to create devices with ever growing amounts of modules?

(I understand that many (most?) orders have been payed in bitcoins, before the spike to 1000 dollar in november.
Was bitmine clever enough and kept those bitcoins and made an enormous amount of money?)

But now: What if someone doesn't want his money back. Instead he insists on dragging the thing into the future, even for a whole year.
(like me who just wants his first miner to be a big machine, and will only mine altcoins anyway)

Will bitmine really give him a 360% upgrade?? What if we all did that?
What if this escalates, what if their chips run out, and they have to order new ones, etc..

What I want to say with that, is that this whole CPP is a complete disaster. For us and for bitmine.

It's a farce, because it can ONLY escalate.

thanks for the anwers.

I wouldn't mind mining for "testing" puroposes and optimization. If this helps to stabilize the product.
But a really fair company would ask the customer to which wallet they should test-mine and you would be able to give them your BTC Wallet.

Just a thought, but if I was in their shoes or BFL's or KNC's, I'd do it like that. On the other hand, my company is actually known for good Karma

^^ Exactly that!

Before I post this - let me say that I hope I am wrong - but if we don´t hear an official statement till coming week I´d say we should initiate an indictment and gather as many of us in here as possible.
If we can prove that the delays were caused deliberately (even only partially) we can of course sue them for lost revenue.

I don´t think they are selling chips or miners - I am 99% sure they are mining for themselves and profiting like mad.
The production process is not that hard - even if they run into problems - why keep their mouthes shut? Why not ask the community to maybe assist in solving an issue? or just inform us like any rational business owner or crowd funded project leader would do especially - IF HIS/THEIR CUSTOMERS PAID UPFRONT!

They only care about their investors who put a lot of money into the company and own 50% of it - and of course themselves (who own the other 50% of bitmine AG).

Take a step back and remember what Giorgio and Anselmi were posting about their quality service and sh*t??
read this - http://bitmine.ch/?page_id=27
* Why should we trust bitmine? ....
* Overdeliver
* blah blah -

Then they suddenly stopped putting out news/information about the same time when those investors joined!

Also remember that the investors in bitmine even sent out a news release that they want to set up huge mining ops?  
 http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/  - 4 PH/s!!! that always was the plan!

Now put one and one together - do you really believe they are willing to wait all the time and first service their beloved customers - and only after that - a couple of months later - start to manufacture their own mining ops? Seriously - who is still believing this story - WAKE UP GUYS!

Bitmine.ch is simply screwing us over They are mining with our chips since the early december batches (I assume). They are f*cking us - as simple as that. Like the frauds of Avalon and quite likely BFL did. It´s human nature to be greedy pieces of sh*t if you get the chance. Look at all those corrupt managers and politicians.

Again - I hope I am dead wrong and they are only bad project managers like no other and they really had problems with chips delivery and technical difficulties like mad.
But in all honesty - I think this is yet another scam.
They will deliver for sure - the only question is WHEN. In bitcoin time it´s already a huge disaster and every day is going to be overproportional worse!

Tschou zäme

The CCP is somewhat unclear when it comes to the upgrades.
So you might get your first upgrade only in case your order was not ready for delivery/pickup before 11^th of April (as georgem was stating)
It turned out that it's best to stick to georgems words of wisdom:

However when it comes to the third rule (61day rule):
3) After the 61st day of late shipment, you have the right to request a full refund and we will pay you an additional penalty of 10% of the initial order amount.
to me this means your would* be eligible to request a refund already on the 21^st of May since it does not state after 61 days "in the CCP" but "late shipment" which does include the first 10 days as well according to their own definition:
1) Shipment can be late up to a maximum of 10 days from the agreed shipment date.

Based on that, the first orders (to my knowledge agreed shipping date was on 16^th of Dec?) would be eligible for refund in case bitmine would not be able so start shipping by the end of next week.

*@georgem: I am still suffering from the virus as you see

Kei Problem.

It's the third week of march. The first week is supposed to be the first FULL week, no half week will count as first week.
So your week is 17 th -21st of march.

If I am not wrong, you have to take the friday of your week. Then Add 10 days. Then your CPP starts.
But remember, your CPP only gives you 10% additional hashing power for every 10 FULL days of active CPP.
9 active days after CPP start, and you still get nothing.

In other words: In the first 10 days your CPP is absolutely useless to you. It doesn't protect you, it protects bitmine.

So hanis verstande.

This means shipping in the 3rd week of march.

I understand this is not the current topic but ...


Can someone answer this, please?

What does "Shipping March 3 week" mean ?

 - The week of March 3rd? (3rd - 7th) or
 - The 3rd Week of March? (depending on how you count either 10th - 14th or 17th - 21st)

When would my CPP start?

Thanks in advance

Wär ächt froh um en Antwort, messi

Indeed. WTF?

This is so hilarious (but also tragic), lets create a meme around this behaviour, shall we?

Something like:





In all seriousness, WTF???

i think they will put in two of them, as its better to run a psu on 50% load anyway

besides... 3kW in that form factor?

mother of psu's

Logged in Today.... zero fucks given...

For the same reason that your throwaway account is backing him up 

Go to the police? lol? I just came out of prison...and I trust lawyers even less than bitmine
Actually it doesn't matter what they're gonna tell me or what they are doing with my hardware. I just wanna know what's going on....

Häsch recht, es fangt langsam a wirklich brenzlig werde für bitmine.ch..

Es git bald kei Usrede oder Geduld me.

Take a lawyer and go to the police. Say them, that the company is not delivering your good, what you paid for. I am sure they are having the PCBs working but not selling to you.

What do you expect they will say to you? Sorry, we have the PCBs but we are not giving it to you, because other people are more important to us?

Die Kommunikation isch doch echt unter aller Sau. 1 bis 2 Mal im Monet gits es Update und jedes Mal heissts wider "Mir hend no es paar problem gha aber die sind jetzt behobe. Jetzt gats los...bla bla bla"...

Wenns inere Wuche na keis fertigs Produkt hend gangi glaubs mal verbi...

The RSP-3000-12 delivers only 2400W.

Bitmine say on their web site:

Power consumption: from 300W (400 GH/s, power save) to 3000W (2.8 TH/s, turbo mode) on a standard 110-230 V, 50/60 HZ AC power supply (included).

I assume the unit they plan to ship at sometime this year does not mine at 2.8 TH/s with the included power supply then?
Or they expect the power supply to deliver more than the rated power (continuously).

Transparent? Thats very very easy! Do you really, really think they dont know that?


The thing is that they are not going to deliver the product to us in time. They will not be capable to make any orders taken in time. They will NOT do it. Why? Management IS not capable. Point. You could figure out why its not capable. Maybe there is too much MONEY in the game.

In the callcenter there are people paid for saying, what their were paid to say. Thats a callcenter. Its not a truthcenter. They are saying from January on that the delivery is in the next two weeks. They just do that, for keeping customers calm. Its not the truth.


What i got on information was, that there is NO CHANCE of delivering Desks now nor in a week, the RIGS not in weeks. And it seems that they cant make the whole preorders now or in the next months. The order MARCH what ever week is going to be served in July/August, because of the parts, which were ordered to make the miners. Point.

The guess they are selling the PCBS they are producing now to china or whatever where. Thats the only logical reason not to serving their customers. Or they are not having a working PCB.

The only way of knowing that is taking a lawyer NOW.

I think everyone have the right to be concerned,  if the company addressed issues and concerns transparently no one would come here and assume all of this, it is normal that people start acting this way, most humans tend to imagine or prepare for the worst case scenarios... which is what is happening now.

now what is happening is mostly because of the nature of mining, a lost day, means allot of money lost, add to that the first days of mining can define whether you will break even or not, well most of you will hardly make up Invested money.

now if Bitmine would have been transparent and kept in touch with the customers and kept them updated, none of this would happen.

he will not. why should he speak? delays are normal.

he will ask us next week not to cancel the preorder. And we should wtf keep the money in the company otherwise they will run bankrupt and we will all lose. it was a very bad marketing idea to make this 60 days bet for the company as end of february (positive thinking) we will see the desks and end of march the rigs.

Sorry for you, you feel stupid. And I feel stupid with bitstupid.ch too.

The problem might be that george is driving his ferrari now, instead of presenting to the customers a timetable or answearing technical questions. You have just to watch the cars standing infront of the company to see there were 1000+ orders for at least 3000+ devices.


I think you are trolling here, mister.