Topic: Unofficial BITMINE CoinCraft series 28nm ASIC miners thread - page 13. (Read 202952 times)

My position is, that there was and is nothing to misunderstood.
If they apply their TOS by the words, we can do the same. Not what we interpret into it is what counts, but what the words do say.
And they say: 10% for every 10 days of delayed delivery. No limits on that whatsoever.

Bitmine can now think "oh fuck, we didn't think we would be THAT late and we need to limit the CPP". They can try and see if people accept it, but in the end, when things go to court, they will lose with enforcing new rules on a sale made in the past.

Note:
I'm not to profit of this at all. I have ordered a 200MH/s unit and they can and probably will wait for the full 100 days to deliver the device to me, because it is not until then that they need to add a second CPP module to my order. Just expecting the worst.


@Finnminer:
Well, I am not enforced to request that refund. I can claim that they fullfill the contract I have with them. Whatever is a better deal for me, receiving the unit or go for refund, is up to me alone and not for you to decide. Thank you.
And no, I'm not getting rich nor was I expecting to get, but I expected the miner to mine for its cost. Which is already impossible at this time, given my power costs, taxes and that they will probably put the CPP module on the bill, where I have to pay additional taxes. I'm already at a hefty loss and we're getting close to the day when the moment I power on the device I have yet to receive, it will mine on a loss. I'll initiate the refund very soon and I will do it based on the old conditions. If Bitmine thinks they don't need to accept my refund based on the old conditions, I'll go to court - simply because they really pissed me off multiple times by now and that is not the way you do business with me!

I had very pessimistic estimations, but it was clear right from the beginning, that if Bitmine fucks up and delivery is not until March, this thing is gonna cost me. You tell me if I was optimistic with receiving the miner in February latest, which should have been delivered in December

I don't know. Is there someone who's asked for a refund and not received it? Until there's proof that they don't refund I'm willing to give them the benefit of the doubt.

While they first claimed their 28nm Monarchs would start shipping last October.  While they've currently claimed they will start shipping in April #AsIf

Who got their refund?

+

Absolutely true!!
We have anyway a disadvantages of competition in europe or maybe not whole europe, but particularly in germany! Think of energy, colocation...
And what i have seen from posts in both bitmine threads, official or not, i think there are plenty customers from countrys near switzerland or europe.

The disadvantage from delayed delivery hits us the hardest.

Zefir, just a question about the software.  I'm a 2 TH/s Rig customer, and I'm "hosting" it myself rather than in a professional datacentre.  If for some reason my cooling solution fails, does the software shut the Rig down to prevent over-heating?

Bfl had about a year delay for early orders.

You really thinking of Bitmine? ...not Bitmain  

... maybe you don`t know that Bitmine sold original 110nm Avalon chip hardware to clients monthes ago, forced them to upgrade it to their new hardware & even have not delievered that clients what should get their miners in November. The whole thing is a big fuck-up at all, including scamming people by shipping to Petahash their miners & flood market massive with chips. AFAIK this thing is even worse than BFL as they regulary posted some news & people got hardware from BFL even earlier. I don`t defend now BFL but they shipped me my 55nm chips after 100 days like they stated on their website.

IMHO Bitmine was the worst hardware producer  I`ve ever ordered - I had really no company advertised such bullshit like Giorgio & changed whole contract include TOS-editing after.

You're obviously very new to Bitcoin mining hardware pre-orders.  IMHO Bitminer are doing a lot better job than Hashfast and their final specs are a lot closer to the mark than Cointerra.  While I'll not even mention BFL shall I.

I can buy 1TH from bitmaintech delivered within 3 days for 5 Btc ( 2250 euro ) TODAY !
The vat on my Desk is going to be around 1000 euro
after all these delays these Desks are not truly the original value we bought them at .
I feel Bitmine should reduce the invoice paper works to allow us to pay less Taxes

Me neither. I just want my miners and I am fine.
I never said that bitmine is a scam (check all my previous posts). They don't fit the criteria to be called a scam. Incapable yes, but not a scam.
So a lawsuit doesn't make sense (yet?).

I think all this will either be a lesson to bitmine, or they wont have a bright future...


No I don't think so. I think bitmine really had good intentions... I can't otherwise explain how they came up with a device design that carries individual moduls.
There plan was (I must assume) to create a customer loyalty... making the satisfied customer buy a small device and happily upgrading it over time... something like that.... Or what were they thinking?

Anyway now after 4 months...... isn't it hilarious how stupid it is to have devices with modules?
I mean who in their right mind is going to order additional moduls to complete a full set after all this fiasko and desaster?

Or again... the big conspiracy... they really totally expected that CPP would be triggered with every customer, and that's why they went with moduls from the start,
so that they can play this fractional modul game with us...

I'm definitely not a fanboy. And I do think that they have handled this whole thing very poorly. But the sad reality is that it was to be expected. It's just the way the ASIC thing works. Or at least did work. I think the Chinese will take over and change that. I recently ordered a couple of AntMiners and I have to say I'm shocked how well they handled everything.

But if Bitmine does deliver within the 60 day period or they return the money after it I don't see any reason for law suits etc. But at the same time I'm still a bit nervous that they manage to fail there too.

What does this have to do with a hardware developper?

They just have to build the machines, for crying out loud.

Don't mix those things together... market risk, and bitcoin difficulty have absolutely nothing to do with hardware manufacturing.

This risk is not part of our deal with bitmine, so you can't list this as a justified reason why they have problems.

remember that it was not even a month ago that they finally finished the working coindesk prototype.
http://bitmine.ch/?p=5176

What I assumed should have been done in december (when I ordered in november) was only done two months later.... I can only say: wow.

KNC? 3 weeks delay! young company!

open a new thread, bitmine fanboy and post there your shit...

It was a pre order for a bitcoin ASIC miner. Has there ever been a pre order for one with no issues? Of course it's high risk. The risk of price fluctuations, the risk of rising difficulty, the risk of it being a complete scam, the risk of a young company not being able to deliver on time.. the list goes on and on.

read giorgios over optimistic non stop posts...

high risk investment? it was a hardware preorder...

high risk for pre-order ? -> your seriously ? ..... pre-order have normal no high risk, if the company did a good job !...

delays can be happen -> maybe 2 or 4 weeks... but not month an month....

Guys,
A question: anybody who wants my paid order of a 1 TH/s Bitmine desk miner? I will not be able to run the ordered 2 miners at home... a change of personal conditions.  For one miner I may find place, but one will not have home.
This is order 353x, paid end of November, initially for February week 1 delivery, and in an email Antonio promised to send it to me in end of March.
It is yours for 4300 Euros (this includes paid delivery in EU of $79). Also, as Bitmine gives extra 10% hash power per every 10 days of delay, so I suppose it will be 40-50% more, so you may get yet also another miner of 500 GH/s for free.

No, just a customer like everyone else here. I just think that people had way too optimistic expectations for such a high risk investment.

that means, there are 450 desk mining in the bitmine wallet...