Ken,
could you tell my about the status of my refund cheque?
It's been 5 months now since I requested a refund...
Topic: [VMC] Official Virtual Mining Corporation Discussion - page 6. (Read 85985 times)
24 Hour Sale on our Gold Rush boards $200 off with this voucher K0JLPCYB
Limited to the first 25 boards sold.
How confident are you on a scale of 1 to 10 to not repeat the following with your gold rush boards?
Quote
Of the 31 known Prospector boards ordered from VMC:
15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
5 Delivered - waited 30 days - 3 DOA, 2 confirmed working (one of these at only 300GH/S) by (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 3 weeks ago) Tracking confirmation - TBA
1 orderd by VinceSaimos - 2.5 weeks ago today - yet to be posted
Refunds:
@Magzy- still waiting "has been posted"
@metalchain - Still waiting - I sent PM to Ken many times. He always reply to me "We will ~~, ASAP~~~, Quickly~~~, next week~~~"
@cryptoconomist- still waiting - "Two weeks ago on a Friday I spoke to him again and he literally promised me he was going to ship my order on the following Monday, but haven't heard from him. Since then, when I log into my account, my initial order has now been moved to "refund" status and my new order to "cancelled" which contradicts what Ken and I discussed. I wrote so many emails to him and to the Active Mining threads but my posts keep getting deleted"
@meccaflare0 - still waiting "ken owes me like $x"
@greek_hephaestus - unknown -"Thank you very much Magzy for your suggestion . I will do it in a few days. [contact the AG] First I send one more message to VMC. Thank's again."
@coindesk - http://www.coindesk.com/mining-hardware-companies-miners-roundup/
@qukkM - still waiting "I received a HashFast refund in a timely manner, VMC sent and unsigned Check first of all then asked me to send it back and since then I have heard nothing."
15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
5 Delivered - waited 30 days - 3 DOA, 2 confirmed working (one of these at only 300GH/S) by (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 3 weeks ago) Tracking confirmation - TBA
1 orderd by VinceSaimos - 2.5 weeks ago today - yet to be posted
Refunds:
@Magzy- still waiting "has been posted"
@metalchain - Still waiting - I sent PM to Ken many times. He always reply to me "We will ~~, ASAP~~~, Quickly~~~, next week~~~"
@cryptoconomist- still waiting - "Two weeks ago on a Friday I spoke to him again and he literally promised me he was going to ship my order on the following Monday, but haven't heard from him. Since then, when I log into my account, my initial order has now been moved to "refund" status and my new order to "cancelled" which contradicts what Ken and I discussed. I wrote so many emails to him and to the Active Mining threads but my posts keep getting deleted"
@meccaflare0 - still waiting "ken owes me like $x"
@greek_hephaestus - unknown -"Thank you very much Magzy for your suggestion . I will do it in a few days. [contact the AG] First I send one more message to VMC. Thank's again."
@coindesk - http://www.coindesk.com/mining-hardware-companies-miners-roundup/
@qukkM - still waiting "I received a HashFast refund in a timely manner, VMC sent and unsigned Check first of all then asked me to send it back and since then I have heard nothing."
24 Hour Sale on our Gold Rush boards $200 off with this voucher K0JLPCYB
Limited to the first 25 boards sold.
How long will it take to process payment in both BTC and bank fiat?
How long after that will it be out of the door for shipping with a tracking number?
24 Hour Sale on our Gold Rush boards $200 off with this voucher K0JLPCYB
Limited to the first 25 boards sold.
^Nothing new, it's Mr. Slaughter's MO.
CoinDesk article: http://www.coindesk.com/mining-hardware-companies-miners-roundup/
TL;DR after CoinDesk guy asked for a refund:
CoinDesk article: http://www.coindesk.com/mining-hardware-companies-miners-roundup/
TL;DR after CoinDesk guy asked for a refund:
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.
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.
I received a HashFast refund in a timely manner, VMC sent and unsigned Check first of all then asked me to send it back and since then I have heard nothing.
+1. Refunding in Bitcoins is much smarter than sending checks around. It can be dollar denominated.
No its not, if the customer paid in BTC it would make sense but if they payed in USD then you would want to refund USD to mitigate the risk of someone claiming that they were not refunded via the same method as their payment even if they requested the BTC. A court could decide in a lying customers favor. Say they paid in USD requested a refund in BTC, got the refund and then they claim that they never received the refund since BTC is not a real currency in the United States.
You paid in USD you get USD back with a check to prove the paper trail. Its the safer approach.
Well this makes sense, but it would help if the check didn't take 5 months to appear - as in my case. It's a terrible way to do business and makes me want to avoid every US based manufacturer and go direct to China. At least they don't screw their customers over.
If USD purchase and refund is paramount then why does he have to mess around with checks?
Why not refund via bank wire transfer, paypal or even western union. I'd be happy to accept any of these AND pay the transaction fee. At least it would happen NOW and not in 1 month's time which is how long it takes to post and then clear an international check. Jokes-R-US
All great points, there are numerous ways he could send you the fiat USD and he has not used one path yet unfortunately. I really hope you get your refund soon. Best of luck!
China seems to have the most reliable bitcoin ASIC companies which is not something I would have expected. There has not been a single US based Bitcoin mining company I am aware of that ships out of stock next day and actually keeps their delivery dates consistently. The Chinese are even better than KNC with KNC's latest stunt, the franken Juptier and really slow refunds.
after going through the hashfast and BFL threads, VMC is a saint in comparison.
+1. Refunding in Bitcoins is much smarter than sending checks around. It can be dollar denominated.
No its not, if the customer paid in BTC it would make sense but if they payed in USD then you would want to refund USD to mitigate the risk of someone claiming that they were not refunded via the same method as their payment even if they requested the BTC. A court could decide in a lying customers favor. Say they paid in USD requested a refund in BTC, got the refund and then they claim that they never received the refund since BTC is not a real currency in the United States.
You paid in USD you get USD back with a check to prove the paper trail. Its the safer approach.
Well this makes sense, but it would help if the check didn't take 5 months to appear - as in my case. It's a terrible way to do business and makes me want to avoid every US based manufacturer and go direct to China. At least they don't screw their customers over.
If USD purchase and refund is paramount then why does he have to mess around with checks?
Why not refund via bank wire transfer, paypal or even western union. I'd be happy to accept any of these AND pay the transaction fee. At least it would happen NOW and not in 1 month's time which is how long it takes to post and then clear an international check. Jokes-R-US
All great points, there are numerous ways he could send you the fiat USD and he has not used one path yet unfortunately. I really hope you get your refund soon. Best of luck!
China seems to have the most reliable bitcoin ASIC companies which is not something I would have expected. There has not been a single US based Bitcoin mining company I am aware of that ships out of stock next day and actually keeps their delivery dates consistently. The Chinese are even better than KNC with KNC's latest stunt, the franken Juptier and really slow refunds.
+1. Refunding in Bitcoins is much smarter than sending checks around. It can be dollar denominated.
No its not, if the customer paid in BTC it would make sense but if they payed in USD then you would want to refund USD to mitigate the risk of someone claiming that they were not refunded via the same method as their payment even if they requested the BTC. A court could decide in a lying customers favor. Say they paid in USD requested a refund in BTC, got the refund and then they claim that they never received the refund since BTC is not a real currency in the United States.
You paid in USD you get USD back with a check to prove the paper trail. Its the safer approach.
Well this makes sense, but it would help if the check didn't take 5 months to appear - as in my case. It's a terrible way to do business and makes me want to avoid every US based manufacturer and go direct to China. At least they don't screw their customers over.
If USD purchase and refund is paramount then why does he have to mess around with checks?
Why not refund via bank wire transfer, paypal or even western union. I'd be happy to accept any of these AND pay the transaction fee. At least it would happen NOW and not in 1 month's time which is how long it takes to post and then clear an international check. Jokes-R-US
+1. Refunding in Bitcoins is much smarter than sending checks around. It can be dollar denominated.
No its not, if the customer paid in BTC it would make sense but if they payed in USD then you would want to refund USD to mitigate the risk of someone claiming that they were not refunded via the same method as their payment even if they requested the BTC. A court could decide in a lying customers favor. Say they paid in USD requested a refund in BTC, got the refund and then they claim that they never received the refund since BTC is not a real currency in the United States.
You paid in USD you get USD back with a check to prove the paper trail. Its the safer approach.
+1. Refunding in Bitcoins is much smarter than sending checks around. It can be dollar denominated.
Posting this here for information. Don't reply to me.
Announcing our Gold Rush mining card:
In Stock ready to ship:
$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%
PM me for orders for 10 units and over. On our website soon for single orders.
Limited availability.
In Stock ready to ship:
$1,499.00 .89 Watts per GH, 750 GH/s +/- 10%
PM me for orders for 10 units and over. On our website soon for single orders.
Limited availability.
So he is not issuing refunds, he isn't shipping boards, but he is mining for himself. Why do people still believe that ken will do the right thing?
So he is not issuing refunds - correct. None and no word from him.
he isn't shipping boards, - he is but they have a 75% DOA / Failure rate with only a 10 day warranty.
but he is mining for himself - Yes if you take the shareholders as having been scammed. if the 75% DOA rate of the cards is also applying to his farm then the 200TH target will only ever get to about 50TH.
Why do people still believe that ken will do the right thing? - he should give all money back and stop being involved in bitcoin.
@Magzy We are starting today to issue refunds including your check today.
Edit: @Magzy In getting your check ready, we found in our records that we have already issued our check number 123 on 2/17/14 to you. That check has not cleared our bank, so we are put a stop payment on that check and re-issuing another check to you.
I will believe it when I see it.
Send it recorded and signature on delivery with a tracking number. This might just give me an ounce of confidence that you will actually send the check.
Or you could just refund my money using this revolutionary payment system called Bitcoin using universally accepted coinbase's exchange rate. And be done with this whole damming and depressing episode.
You have my btc address. But this is wholly in your court as to how long you want to prolong it.
@Magzy We are starting today to issue refunds including your check today.
Edit: @Magzy In getting your check ready, we found in our records that we have already issued our check number 123 on 2/17/14 to you. That check has not cleared our bank, so we are put a stop payment on that check and re-issuing another check to you.
I'm picturing magzy going back to double check, and finding the cheque stuck underneath his shoe rack or something..
So he is not issuing refunds, he isn't shipping boards, but he is mining for himself. Why do people still believe that ken will do the right thing?
So he is not issuing refunds - correct. None and no word from him.
he isn't shipping boards, - he is but they have a 75% DOA / Failure rate with only a 10 day warranty.
but he is mining for himself - Yes if you take the shareholders as having been scammed. if the 75% DOA rate of the cards is also applying to his farm then the 200TH target will only ever get to about 50TH.
Why do people still believe that ken will do the right thing? - he should give all money back and stop being involved in bitcoin.
@Magzy We are starting today to issue refunds including your check today.
Edit: @Magzy In getting your check ready, we found in our records that we have already issued our check number 123 on 2/17/14 to you. That check has not cleared our bank, so we are put a stop payment on that check and re-issuing another check to you.
So he is not issuing refunds, he isn't shipping boards, but he is mining for himself. Why do people still believe that ken will do the right thing?
So he is not issuing refunds - correct. None and no word from him.
he isn't shipping boards, - he is but they have a 75% DOA / Failure rate with only a 10 day warranty.
but he is mining for himself - Yes if you take the shareholders as having been scammed. if the 75% DOA rate of the cards is also applying to his farm then the 200TH target will only ever get to about 50TH.
Why do people still believe that ken will do the right thing? - he should give all money back and stop being involved in bitcoin.
Ken how many refunds have you completed this week?
When do you expect to finish the refunds. I have been asking for it for 4 months and would like my money back this week please? Any comment welcome
When do you expect to finish the refunds. I have been asking for it for 4 months and would like my money back this week please? Any comment welcome
So he is not issuing refunds, he isn't shipping boards, but he is mining for himself. Why do people still believe that ken will do the right thing?
Slaughter claims he's shipped 4 of this guy's 5 boards separately, but all 5 have been shipped. Guy asks for tracking number. Expected results.
...
So guys , its been 20 days , i converted my November paid pre-order to 5 x Prospector Boards .
So far , i have only received 1 prospector board . I was told that somehow they did not ship rest of my 4 boards along with 1 i received . I'm tired messaging on website as well to Ken .
I have no idea when my rest 4 board will actually ship .
I even ordered a few Harness Kits around a week back , even that has not been shipped yet .
Ken , please speed up your logistics , I don't seem to understand why would it take 20 days to ship out a few boards which where placed on order together .
If its going to take more time to ship out , let me know , i might be able to arrange a friend of mine to pick those up from you and my friend can DHL it to me .
Ken , please sort this out .
...
So guys , its been 20 days , i converted my November paid pre-order to 5 x Prospector Boards .
So far , i have only received 1 prospector board . I was told that somehow they did not ship rest of my 4 boards along with 1 i received . I'm tired messaging on website as well to Ken .
I have no idea when my rest 4 board will actually ship .
I even ordered a few Harness Kits around a week back , even that has not been shipped yet .
Ken , please speed up your logistics , I don't seem to understand why would it take 20 days to ship out a few boards which where placed on order together .
If its going to take more time to ship out , let me know , i might be able to arrange a friend of mine to pick those up from you and my friend can DHL it to me .
Ken , please sort this out .
...
So when is Ken going to start trading of shares & paying withheld dividends & future dividends 
https://bitcointalk.org/index.php?topic=462370.0;topicseen Ask in here but beware of the Nazi mods though.
But in my opinion, years because ken wants to use colored coins
Jump to: