[VMC] Official Virtual Mining Corporation Discussion - page 10.

magzy

full member

Activity: 196

Merit: 100

Quote from: kslaughter on April 01, 2014, 11:34:58 AM

FAST-HASH ONE PROSPECTOR SPECIAL

$1,499 On the first unit ordered, Limit of 5 orders per customer.

24 Hour Special on our Fast-Hash One Prospector using this voucher code: Q3W984BM

Limited To The First 50 units Sold.

when are these being shipped out the door?

can I use the money you owe me towards this deal?

kslaughter

sr. member

Activity: 476

Merit: 250

FAST-HASH ONE PROSPECTOR SPECIAL

$1,499 On the first unit ordered, Limit of 5 orders per customer.

24 Hour Special on our Fast-Hash One Prospector using this voucher code: Q3W984BM

Limited To The First 50 units Sold.

magzy

full member

Activity: 196

Merit: 100

Having filed a complaint a while back with the Attorney General I got this letter in the mail today.

(all I want is my refund from Bullshit artist Kenneth Slaughter)

rogerli9

newbie

Activity: 19

Merit: 0

Hello Bitcoin miners

I have decided to stop asking for a refund as most likely they will give it, but it will take them ages. So i have decided to order these with the 9000 dollar pre order that i gave them in november. Once i get them i will post pictures of them working and them hashing and i can try and get this company some better reputation. (hoping here)

magzy

full member

Activity: 196

Merit: 100

Quote from: theMiracle on March 31, 2014, 01:52:32 PM

Quote from: HardwareReviewer on March 31, 2014, 01:34:50 PM

http://www.coindesk.com/mining-hardware-companies-miners-roundup/

Lol, Ken rips off a guy writing for coindesk. A lifetime of scamming and he *still* can't do it right.

Quote

The cheque was sent back with an accompanying letter clearly stating the correct spelling of the recipient’s name, just to be sure.

However, mid-March a new cheque arrived containing the same misspelling and, this time, it wasn’t signed either. At this point I started to wonder whether these errors were being done on purpose to delay the refund.

Declining my request to have the funds wired to my bank account instead, VMC will now be sending a third cheque (after receiving the unsigned one back from me).

So, maybe with some luck, some four to five months after applying for a refund, I will actually get my money back.

At least he got an actual cheque - I'm still waiting for mine - 4 months after asking for it.

theMiracle

full member

Activity: 154

Merit: 100

Quote from: HardwareReviewer on March 31, 2014, 01:34:50 PM

http://www.coindesk.com/mining-hardware-companies-miners-roundup/

Lol, Ken rips off a guy writing for coindesk. A lifetime of scamming and he *still* can't do it right.

Quote

The cheque was sent back with an accompanying letter clearly stating the correct spelling of the recipient’s name, just to be sure.

However, mid-March a new cheque arrived containing the same misspelling and, this time, it wasn’t signed either. At this point I started to wonder whether these errors were being done on purpose to delay the refund.

Declining my request to have the funds wired to my bank account instead, VMC will now be sending a third cheque (after receiving the unsigned one back from me).

So, maybe with some luck, some four to five months after applying for a refund, I will actually get my money back.

HardwareReviewer

sr. member

Activity: 255

Merit: 250

http://www.coindesk.com/mining-hardware-companies-miners-roundup/

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: kslaughter on March 31, 2014, 10:34:45 AM

Quote from: NotLambchop on March 31, 2014, 09:15:35 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

...
Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

So wait, you post a pic of a dev board as proof of the product you claim to be shipping *now*?
Unless you're shipping dev boards, I'd say that's fucking sleazy.

How about a pic of the stuff you claim to be shipping?

The pictures show our stock of boards and the product ready to be shipped.

how much will it cost to produce 5000 boards? I imagine costs will be in the range of $800-1000 per board since the hashfast chips will likely cost $500-700 each. That means at least $3.5M in upfront costs, likely $4M+

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: kslaughter on March 31, 2014, 10:34:45 AM

Quote from: NotLambchop on March 31, 2014, 09:15:35 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

...
Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

So wait, you post a pic of a dev board as proof of the product you claim to be shipping *now*?
Unless you're shipping dev boards, I'd say that's fucking sleazy.

How about a pic of the stuff you claim to be shipping?

The pictures show our stock of boards and the product ready to be shipped.

No. Your pictures show what you have admitted is a dev board (not one of the board you claim to be shipping), cardboard boxes, anti-static bags, coolers (which have nothing to do with the orders. You are not including a cooling solution AFAIK, correct me if I'm mistaken), and empty racks (also not being shipped, I presume). There is not a single picture of the product ready to be shipped.

metroickha

newbie

Activity: 21

Merit: 0

How about the loyal customers waiting for their 256GH products since november last year? Are they ready to ship aswell?

VMC customer care told me I was in queue of March 20. It is March 31 already.

iikun

legendary

Activity: 1062

Merit: 1003

So, for this product: http://virtualminingcorp.com/shop1/index.php?id_product=38&controller=product

Does "immediate shipment" mean it will leave the same/next day of order, or is it in fact being assembled sometime in April?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: NotLambchop on March 31, 2014, 09:15:35 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

...
Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

So wait, you post a pic of a dev board as proof of the product you claim to be shipping *now*?
Unless you're shipping dev boards, I'd say that's fucking sleazy.

How about a pic of the stuff you claim to be shipping?

The pictures show our stock of boards and the product ready to be shipped.

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote from: kslaughter on March 30, 2014, 07:36:42 PM

Quote from: jimmothy on March 30, 2014, 07:33:15 PM

Are these hashfast chips/boards?

This is a development board. We are tooling our production line to manufacture 5,000 boards in April.

2.5ph - 4ph worth...

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

...
Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

So wait, you post a pic of a dev board as proof of the product you claim to be shipping *now*?
Unless you're shipping dev boards, I'd say that's fucking sleazy.

How about a pic of the stuff you claim to be shipping?

magzy

full member

Activity: 196

Merit: 100

Quote from: kslaughter on March 31, 2014, 12:26:59 AM

Quote from: magzy on March 31, 2014, 12:22:03 AM

Quote from: kslaughter on March 31, 2014, 12:14:26 AM

Quote from: magzy on March 31, 2014, 12:09:24 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

Are you going to build a version these boards under license to hashfast or are you buying 5000 boards and then putting them all together (boards, chips, cooling etc)?

We are building our own boards using hashfast's reference design which we have licensed. We are tooling our own production line, producing the PCB, buying the parts for the board, and having them assembled.

Can we see a picture of this production line ?

When we say we are tooling our own production line, this is at a contract manufacturing company.

Good luck!

by the way, where is my refund I asked for 4 months ago?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: magzy on March 31, 2014, 12:22:03 AM

Quote from: kslaughter on March 31, 2014, 12:14:26 AM

Quote from: magzy on March 31, 2014, 12:09:24 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

Are you going to build a version these boards under license to hashfast or are you buying 5000 boards and then putting them all together (boards, chips, cooling etc)?

We are building our own boards using hashfast's reference design which we have licensed. We are tooling our own production line, producing the PCB, buying the parts for the board, and having them assembled.

Can we see a picture of this production line ?

When we say we are tooling our own production line, this is at a contract manufacturing company.

jimmothy

hero member

Activity: 770

Merit: 509

I agree it is a great method if you want to sell chips. Only horrible if you want to retain customers.

magzy

full member

Activity: 196

Merit: 100

Quote from: kslaughter on March 31, 2014, 12:14:26 AM

Quote from: magzy on March 31, 2014, 12:09:24 AM

Quote from: kslaughter on March 30, 2014, 11:59:11 PM

Of course it is, this is our development board from hashfast. We are in the process of tooling our production line to build 5,000 boards in April.

Are you going to build a version these boards under license to hashfast or are you buying 5000 boards and then putting them all together (boards, chips, cooling etc)?

We are building our own boards using hashfast's reference design which we have licensed. We are tooling our own production line, producing the PCB, buying the parts for the board, and having them assembled.

Can we see a picture of this production line ?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: jimmothy on March 31, 2014, 12:15:06 AM

Quote from: kslaughter on March 31, 2014, 12:07:09 AM

Quote from: jimmothy on March 31, 2014, 12:00:59 AM

Does that mean that all the boards you currently have/are selling were made by hashfast?

No, these boards were manufactured by us, using the reference design by hashfast. This is standard procedure in the semiconductor business, AMD had done this for years.

I have no doubt it happens in the semiconductor industry but not in the bitcoin mining industry.

Difference is that bitcoin mining is a zero sum game and hashfast is now selling their proprietary technology to the competition*.

* maybe not competition for hashfast anymore but definitely competition for its customers who have been patiently waiting through months of delays for nothing.

This is how it works in the bitcoin mining industry if you want to sell chips. That is what a lot of companies have done before hashfast. i.e. Avalon.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: kslaughter on March 31, 2014, 12:07:09 AM

Quote from: jimmothy on March 31, 2014, 12:00:59 AM

Does that mean that all the boards you currently have/are selling were made by hashfast?

No, these boards were manufactured by us, using the reference design by hashfast. This is standard procedure in the semiconductor business, AMD had done this for years.

I have no doubt it happens in the semiconductor industry but not in the bitcoin mining industry.

Difference is that bitcoin mining is a zero sum game and hashfast is now selling their proprietary technology to the competition*.

* maybe not competition for hashfast anymore but definitely competition for its customers who have been patiently waiting through months of delays for nothing.

Topic: [VMC] Official Virtual Mining Corporation Discussion - page 10. (Read 85985 times)