Topic: [OPEN] BitMine CoinCraft 1 Th/s- January 3rd week batch-waiting miner - page 3. (Read 24364 times)

So this user was registered - posted - & deleted ....

This user in the list - doesn't appear in the member list of the forum:
https://bitcointalk.org/index.php?action=mlist;sa=search

Surprisingly, yes.  For now though, we should be patient and document everything. 

did your lawyer give any suggestions?

+1

Same response as my lawyer.

Bump.

Madao nailed it, even if the miner exists, the value dilution is ridiculous for the original 1000 shares. This fundamentally changed the original investment proposal. Each time minewithmind sold more and more shares he screwed over everyone who had originally bought shares by making each share a smaller percentage of the total miner. Regardless of the miner shipping late, minewithmind had no right to issue more shares when he did because at that point he was no longer the majority owner of the miner.

When a real company dilutes shares, they are required to compensate original shareholders to make up for the loss in percentage ownership. This is done via a stock split, the issuing of B-level shares to new buyers or a dividend payout of the difference. Minewithmind did none of the above and instead devalued everyone's shares while pocketing the profit. Once the initial shares sold, MWM was no longer the sole owner of the miner and instead owned only about 200 shares or 1/5 of the miner. He then decided to sell these 200 shares so that he could start another group buy and keep shares in that one instead. When minewithmind sold these final shares in the group buy, he lost all power to vote. What happens next is the crazy part. After he had already sold all of his own shares, minewithmind decided to issue more shares of the miner that he no longer owned any part of and keep 100% of the revenue.

Thus he devalued everyone shares while making tons of profit selling shares in something he did not own anymore. The money raised by the new shares should have been distributed proportionally to the current owners of shares. Minewithmind owned no shares and thus 100% of the money should have been dispersed. This is tried and true fraud at a basic level.

OK,
I need a refund as well, I need cash urgently so please refund my 60 shares to 19g8etd2TfXqqS2cDVQPnkzMZbnqNYij5E.
I've been here supporting you but now needs your help.
Grazie

I would like a refund or sell my 70 shares.

txid: 8108061fd4b71f484074564002d5e9f15e5f1904e010186245608f1c2ea3cdc7

I will also give a discount send 0.60 to: 1CeGJxLBuph7kVcV32qdNrcDzJ8y7BN136

a refund for those who wants a refund will clear your name of being a scammer. so we are asking sincerely for a refund.
thank you mr gonewiththewind minewithmind

ps. total refund should be 0.48BTC, just refund me .45BTC and ill gift you the .03BTC.

he's gone again?

Actually, we can prove it.  The shares don't add up.  Until he proves us wrong, he's a scammer. 

bump. can i have my refund please? first you sell me 60 shares saying "last shares!" then you create new shares right after. now ignoring my refund. please send over.

You are right that there is no such thing as a good deal, but the issue here for me is that those 200gh/s got sold to new participants, rather than being divied up between existing shareholders. Those extra gh/s where to compensate for difficulty rises, not to pay for mwm's cointerra rig.
And let's not even get into the issue of whether turbo will provide the extra 500gh/s or not, whether the shares where sold or not.

So even if this turns out to be legit, there will be an icky aftertaste from this GB..

Stop harrassing him. It's easy to confirm that Bitmine isn't actually shipping its normal orders yet. So you're all pretending he's cheating, while at the same time you simple can't say that yet.

IMO its the same crap as always, better deals being offered and wanting out. I'll tell you right now, that better deal will be late too, same crap everywhere.

Give him a rest, once Bitmine actually delivered its batch 1 orders and it's not confirmed here, then you got reason for crying out here. In the meanwhile if you want out, at least provide an alternate buyer, money doesnt grow on trees for the OP either. If he had enough lying around he wasnt doing this groupbuy in the first place.

Since you posted a screenshot of your order when you started this group buy, could you please update us with a screenshot of your order's status now, for sure it must be updated and no longer in "processing"  status.

For this group buy, any such calculations are meaningless, as OP just sells off the extra GH/s, leaving original shareholders with nothing.

Not understanding this. OP is missing again.

mmmhhh ...  only a small consideration on all your requests for refund
(I am also waiting for a coincraft second week of January so I know what I mean .....)

with the BITMINE customer protection program We (minewithmind and GB)  should get 200 + ghs (at worst) or + 200 + 200 ghs (at best), and then 7 modules for a total potential of 256 x 7 = 1792 ghs .... Correct me if I'm wrong some calculations ....

Let's wait Drai.