WARNING: All the evidence points to Virtual Mining Corporation [VMC] and Active Mining [AMC] as being a massive confidence trick /elaborate Scam mess scam from the outset.Trade with extreme caution.
Seeing as though valid posts regarding VMC are being deleted from the official Thread
https://bitcointalksearch.org/topic/vmc-official-virtual-mining-corporation-discussion-206488 by Kenneth Slaughter CEO of VMC (accusations of
fraud, misconduct
scam accusations regarding products,
refunds and ways forward for the company to respond to disputed transactions that point to the company in a truthful light)
We have decided to open up this uncensored version to openly discuss the merits and disadvantages of dealing with [VMC] Virtual Mining Corporation Discussion
I will continue to expose the underhand dealings of VMC and it's shills and it's sockpuppet accounts on here and reddit until my own money is given back to me or this company is driven into the ground.
Update [May 9 2014]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 - all confirmed working (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11) delivered 25 days late
1 orderd by VinceSaimos - took 5 weeks to arrive - working ok.
Refunds:
@Magzy- 2nd Refund check arrived - awaiting clearance at bank.
@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/@lenart_o - I'm waiting for refund [of $10k] since february this year there is no chance to get back my money?? I'm from Poland and I don't have idea how to get back my money . I was stupid and I was belive in company with no proof now I'm without money
@btcricon - 256 GH/s Module : 1.536TH-1,400 Watts on 2013-09-17 @ VMC (order reference JTICURDUZ) for $18,079.20. I asked multiple times for refund as they are completely unable to deliever. I didn't receive my money back. Will give them one week, then it's up to the police.
Anyone affected by VMC's total incompetence can take court action:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporationUpdate [May 1 2014]
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/Update [April 30 2014]
The refund check (Now cancelled)Sent in Feb turned up today.
postmark confirms it was sent in Feb and the check number confirms with what ken said it was on pm. So I can't blame him for this delay. The replacement check should arrive soon.
If ken could have just communicated this postage it would have avoided a whole rigmarole for the past 2 months.
In any case I unreservedly apologise to ken in light of this check arriving when all the evidence was pointing to a scam.
Update [April 30 2014]
The Missouri securities investigation is for real.
They are also investigating VMC and Ken himself.
Any disgruntled shareholders and customers are encouraged to contact make contact with the MSD to assist in their investigation into Ken.
http://i.imgur.com/MRJiuOB.jpgAny Customer VMC or shareholder of AMC who has been scammed are encouraged to join the class action Law suit with Woodlaw (the same law firm representing Disgruntled BFL customers):
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporationKen was given multiple opportunities by everyone to resolve the problems over the past 5 months and he has done nothing but string us all along in this scam.
Update [April 29 2014]
Of the
30 31 known Prospector boards ordered from VMC:
15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 didn't get delivered - waiting for
25 30 days (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5)
waiting for confirmation of working unit - confirmed working by (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 2 weeks ago)
not posted - converting to gold rush cards - details(delivery, timings etc) TBA Conversion to gold rush didn't happen because it was "already posted" according to ken. Tracking confirmation - TBA
1 orderd by VinceSaimos - 2 weeks ago today - yet to be posted
Mining farm up to 70TH/s
http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCamaybe this is where all the missing cards are ending up?
Update [April 29 2014]
Gold Rush cards 720MH/S on sale on the VMC website. ROI looks good. Lets hope ken can actually get it right. I might even buy one myself if he doesn't screw people over.
Rogerli9 is converting his order (below) to the gold rush card - presumably as compensation for late delivery.
Update [April 26 2014] - current status of the prospector customers that have made their order status known to me.
Of the
30 known Prospector boards ordered from VMC:
15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 didn't get delivered - waiting for 25 days (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5) waiting for confirmation of working unit (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 2 weeks ago) not posted - converting to gold rush cards - details(delivery, timings etc) TBA
It's clear to anyone that VMC is royally shafting anyone who crosses the paths with them. Even bargraphics working 2 prospectors are habitually failing: http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL
Update [April 24 2014]
Ken has "sent the refund check." He says that he posted one back in Feb that has not been cashed. So he's cancelled it and sent a new one today. I asked for it to be sent recorded delivery but it had already been sent. When I asked him about ask the other refunds from other customers he relented that he bumped me to the top of the list to get me to stfu. I will only stfu once everyone who asked for a refund gets a refund.
Update [April 21 2014]
Ken Has on PM promised the refund will go out today. I will only believe this once it materialises and I can cash it at my bank... OR BTC refund is given - Pics to follow
Update [April 21 2014] Computerjesus and Kodemadge are friends and they were talking about the same order I've updated the DOA rate to
60% accordingly.
So, of the
36 25 known boards ordered:
15 Delivered are dead on arrival (computerjesus/ Kodemadge)
4 didn't get delivered (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5) waiting for confirmation of working unit (emjay47)
1 12 Delivered Dead On arrival- (kodemage) Update [April 21 2014]
This is Bargraphics mining pool
http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NLNote that his 2 prospectors went offline 2 days ago (21-apr-14 @ 18:00)
This is Active Mining:
http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCaNote that their theoretical limit of 50TH/S (given the 75% failure rate) was exceeded to 60TH/S (21-apr-14 @ 21:00)
Is bargraphics lending Active Mining their own cards back to bump up the farm?
note that bargraphics was the first - by 2 weeks to get hold of a prospector from VMC before anyone else - and post pics of it and the setup guide in almost no time at all...
Update [April 21 2014]
I have opened a reddit thread to discuss there:
https://pay.reddit.com/r/BitcoinMining/comments/23nlkt/vmc_virtual_mining_corporation_massive_74_doa/Update [April 21 2014]
From Dogie's Comprehensive Manufacturer Trustworthiness Guide
https://bitcointalksearch.org/topic/guide-dogies-comprehensive-manufacturer-trustworthiness-guide-1st-feb-2016-456691... the IC's were completely covered with thermal past. I will repost when I get in contact with ken and we find a solution to this problem. But please reply if anyone has any ideas.
This would suggest that ken is selling old miner cards that were used in a mining farm and are thus NOT new but
second hand. Care to comment Ken? or any of the shills?
Edit: one other (unknown user) who seems to be doing it right - and good luck to him.
http://eligius.st/~wizkid057/newstats/userstats.php/16n9rn1agFhpepzP5WLJumfgKQEt4qRMYQUpdate [April 21 2014] Here is the BTC address I requested BTC to be refunded into at the current exchange rate of course, fiat check is acceptable, but for convenience, BTC is also accepted to end this madness and for the public to see for themselves that VMC is a scam :
https://blockchain.info/address/1CcaUYYkkHZxJKiCnHae7tcMRJzE9QSSQY $769
Update [April-20-2014] Kens deadline of a check 4 weeks ago - "Refunds will be processed in 2-4 weeks." has not been honored. This is another lie by kenneth slaughter, CEO of VMC.
Admins on the active mining shareholder thread have told me to
"fuck off" and that I
"have no right to free speech" because I have asked them for help in recovering my own money from VMC.
update: [April-16-2014] active mining farm running:
http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCaNote that the shareholders have given over millions of dollars yet are actively being denied rights to ownership or profits.
Update - [April-16-2014]: false promises of Ken on PM
January 30, 2014, 02:25:51 AM
We have a back log in refunds and are processing those as fast as we can. If you have requested a refund from customer support then it is being worked on.
February 05, 2014, 01:11:34 AM »
That should have been processed, please contact customer service and tell them it has been 7 weeks.
February 05, 2014, 11:04:02 PM »
We had a little problem in December with BTC processing, so all Bitcoin refunds have to be checked, so that may be the hold up. I will look into why you refund has not be sent.
February 27, 2014, 07:13:29 PM »
Virtual Mining is currently processing and confirming pre-order refund requests.
March 10, 2014, 12:10:40 AM »
Refund to you ASAP.
March 11, 2014, 01:28:16 AM »
I have just hired a new customer service rep.
March 17, 2014, 03:57:11 PM »
Refunds will be processed in 2-4 weeks.
April 01, 2014, 07:29:34 PM »
Me:Ken, Given that refunds will never be processed, I'll take this deal to accept product from you instead of a refund.
Ken: I don't think so, we will just send you a refund.
April 07, 2014, 02:26:10 PM »
We will be issuing you a check soon.
**Edit another thread discussing the post deletion by Kenneth Slaughter CEO of VMC here:
https://bitcointalksearch.org/topic/kslaughter-and-zumzero-from-actm-and-vmc-are-deleting-legitimate-posts-253282
Note: I will publicly reatract scam accusations once the money that has been stolen by VMC from me has been returned.