Bitcoin Forum

We've had a pool up for a little while now.  We have come to the conclusion it's not being used very much.  We have confirmed our purchase of 35 TH/s of hashing power (more to come at a later date) by the end of November.

To stimulate our pool, we are subletting the GH/s out at a fixed rate, which is also a very reasonable rate as well.  We're selling per GH/s @ $9.25 USD $8.50 USD.  We -MAY- charge a small % fee after everything is up and running due to the fact we're literally not going to make any money on this, however as said before it is to stimulate our pool which also has a 0% fee by default.

The 35 TH/s will be divided out per GH/s for the first 35 TH/s and once that has sold out and we get better dates and confirmation on the remaining purchase of the other equipment, those prices will be increased but will also be very competitive to other market players who are "cloud hashing" as well.

We will be selling these at a reasonable rate, only enough to pay for the devices, upkeep, electricity, etc.. If you want a chance to get in on what we hope is a very exciting opportunity please feel free to join us!

 

Various GH/s orders are now available for purchase.

Rolling out statistics to be updated as often as possible.

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Updated: 11/13/13
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35 TH/s total

146 GH Purchased

34.854 TH/s Remaining

This is a great chance for newbies to join in on mining without having a huge risk value involved, along with veteran miners the likewise.  Price per GH/s is extremely low and the time is now to get in on this!  

I'm only pushing the subject because of the overhead expenses.. I'd REALLY like to break even selling these out per GH/s before the items arrive so that they're hashing away and generating revenue near immediately after we receive them.

So, please! Get it while the prices are low!

What hardware will be delivering this hashing power? HashFast? Bitmine? ....

Actually we have acquired it from Advanced Miners.  Have been in contact with them.  Should be getting more detailed pictures in the near future.

http://advancedminers.com/bitcoin-mining-hardware/1-2ths-bitcoin-miner/


Getting ready to start the construction of the staging area for the miners to placed on.  Already have all the measurements for the cabling that is needed.  There is a local ISP I am able to rent out a vacant office from, which was their old data-center.  I'll be metered on the electricity usage, but the AC units operational and is capable of handling the needs of these.

We have more on order with them, but are awaiting a delivery date at this point.

Hope that answers your question! :)

Is the $9.25/gh the monthly rate or a one time fixed cost? I've never done cloud hashing before so would I just be giving you guys my wallet address where you deposit whatever is mined or do i actually get to use the miner on any pool I want?

It would be with BTCMiners.net -- The physical units simply cannot allow multiple pools to be used at once.  So each machine will produce +/- 10% of 1.2TH/s and if you bought 500 GH/s you would be paid out accordingly to what was purchased.  (Basically you get your fair share of what you have paid for.)

As for the pricing, this is for the FIRST 35 TH/s -- After that our next orders will be coming in (to be announced..) and depending on the market and prices and such, I'm quite sure that fee will go up.  $9.25 is the fixed rate for the first 35 TH/s.

Additional Note:
---
Also, when you do purchase X amount of GH/s, I do get your email address.  So closer to the date of arrival I will be reaching out to everyone to get their BTC Address, so that I can keep a record.  We are working on the stats page for these miners, so individuals can log into their accounts similar to CEX and view their hash rates, payout, change BTC address, etc..

That's not reasonable at all, at the difficulty level now, you'd expect around $9.50, in about 6 1/2 days that'll drop, in 10-11 days that'll drop some more, and in 10-11 days that'll drop some more.

End result would be something around $8 if we use the extremely generous MtGox exchange rate.  If you think bitcoins are going to go up, then you should buy bitcoins, not give money away.

Well as of right now for all intent purposes just as you said $9.50 per GH/s -- Sure.  I'd still like to see another competitor who has rates that low.  I'm not opposed to dropping the value per GH/s if it's deemed necassary because of difficulty rising and hashing speeds rising as well.

It's already been purchased.  Awaiting delivery.. Had this planned out for a little while now.   Trying to keep it competitive and worthwhile to the community while at least maintaining my original investment capital.  Sure, there might be some fees down the road once we can establish the exact cost of electricity usage, bandwidth consumption, etc.. but this is primarily to stimulate BTCMiners.net pool and to spread diversity among some of the giant pools out there.

Hope I answered that sufficiently, but thanks for your input as well.

NOTHING these days is profitable, it makes me kinda sad, but oh hell, just buy some bitcoins and hop onto an exchange and make buckloads of Bitcoin!

So 10Gh/s would be $92.5 and that is all I would pay yep? For how long is that "contract", few months, year?
Nextly, how often I would recieve a payment for mined BTC.
Do you have any website to make an order?

The offer seems ok for beginers. I belive it is more profitable than buying an asicminer blade.

I have some questions nobody asked until now;
a) when did you order the equipement
b) ETA on delivery of equipement
c) any photos you can share ? Like the order of the equipement? (I believe you can black out price & adress of delivery& other personal info that should stay private)

LE

People always want something more when they are trying out something new. Can you offer something for first comers? Shares? Price lock or better prices then general public will get on future orders?

I would also need details on payout frequency, ordering process, etc;  The rate actually is pretty good and I am interested, I just need more details.

10GH/s for $92.50 is a one time fee, no contract.  Again these are intro prices and setups. The future may have contracts.. You'll receive them directly after each block is mined.  You'll be able to deduct as low as 0.001 BTC

Website is located:
http://www.BTCMiners.net



A.) The price will potentially flucate.  As of this moment in time $9.25 is how much per GH/s is going based off of the hardware cost.  

B.) It looks that November seems to be out of the question as I had been previously informed via email.  They will be shipped around the 3rd week of December.  So going to the previous question.. Depending on when these get sent out I will re-adjust accordingly to how much is left of the hashing space and if adjustments (free 1GH/s, 10GH/s, etc.. based accordingly off of what you had ordered.) I think that is the biggest thing that needs to be watched due to difficulty values raising, total hashing rate and figuring out an extremely reasonable pool fee to maintain electricity.  The rent we are covering as we are renting that space already for other hosting services in the near future..

C.) The only photo I could show you is off of their website, since I do not tangibly have them at this point.  As for the invoice for them, sure.. I'll just need to screen shot it, cross out personal information and have it up ASAP

The discounted rate with the possibility of us matching specific GH/s if the value of USD to GH/s falls.  Again as above; if for some reason at $9.25 per GH/s of which we are offering, once it's all setup and the USD to GH/s has halved in price, we would accomodate for the difference to the best of our ability.  Obviously if you order 500GH/s chances are we simply won't have enough hash power to match you 1:1.  However, we will keep a buffer and calculate the difference based on order date, current price per GH/s and then future GH/s prices and will give us X value of the ratio to compensate for.


Payout frequency will be after 120 confirmations at first.  We want to see what the electricy bill should come out to, and then we will cover the area of making it instant payouts if you "donate" or allow for a percentage pool donation to help with electricity.  A lot of this is up in the air in terms of pool fees and such.  We'd like to get a 24 hour watt usage prior to opening it to everyone, so that way we can then figure out the electricity usage on average and then can go from there.

Sorry I just now got back to answering all these messages, I had been out today and came back and was astonished on the responses!

Thanks for your questions and hope to see some of you join up with us! :)

BTCMiners

Update:

To make it worth the while for previous buyers and future buyers.  We're going to match 1GH/s per 10GH/s ordered.  That will reduce the cost to around $8.50 per GH/s when ordering 10 GH/s.  We will match near 10% to total on all orders above 10 GH/s. 

That sounds nice.
Another question, why "Contact" link on yours website doesn't work?

A lot of the current website development is actually going into the statistics page currently.  The finished website will be done soon enough. 

Updated pricing from $9.25 to $8.50 per GH/s.   Updated pricing was so that orders that were 10GH/s and over no longer include the free GH/s due to the fact the entire pricing fees have been changed all together. 

All the pricing has been based off $8.50 per GH/s all the way up to 500 GH/s.  That means you can get 100 GH/s for $850 which is a good bargain at that rate.

Due to the price drop we will most likely implement merged mining to help with the electric costs and possibly a small percentage fee to compensate for any difference. 

Will update with more information as we get it.

Here is the wallet with all orders to confirm payments being sent are in one spot and not being spent.

https://blockchain.info/address/11MUhhuJzJvaCm9apSN8tf8zDkMbn9AZt

At first, I had moved the first few transactions to my personal account, but if you feel like browsing through my personal feel free, it's all transparent obviously.  Keeping these aside; it was a quick mistake that was easily remedied.

interesting, will check this out soon :)

Awesome, hope you join us! :) Help spread the word!

114 GH/s has been purchased so far! Keep it coming in!

had a look at your website, hope to see more concrete information before investing on it :)

my 2 cents ;)

The links that do not presently work will be working as of tomorrow.  There will be contact information to call us, but please... PLEASE do not call and bombard us with questions.  We will have email addresses for you to email us at.  We will do our absolute best to be accessible within reason to each and everyone of you. 

How do I get in on this?

Also how long is the 'contract' for? (eg 8.50 for 1GH/s, for ?? time)

http://www.BTCMiners.net

Intro prices are for life.  After the 35TH has been setup and hashing all additional hashing power will more than likely hold a contract.  Right now the first 35 TH/s that is being sold is good for life.

Sounds really interesting, too bad I can see the headline now, "840 BTC lost to Hosted Mining ruse."
(Nothing against you, I'm just being skeptical + cynical as always ;) )

I'd love to get a hold of at least 10GH/s. When is this expected operational?

Oh believe me.  I've been waiting for someone to say that lol.  Scheduled departure of machines is late November.  No details as of yet, other than "late November".

What makes you better than CEX.IO except for the cheaper price you offer.

Nothing really.  Same principle, except as you said.. cheaper.

Be more precisely, your price for 'maybe late November' is cheaper than the current CEX.IO price. Is there any compensate or protection plan if you cannot begin mining by the end of November?

The price per GH/s will fluctuate competitively with currently ran cloud hashing providers.

cex.io  is also incredibly overpriced

i think the new price (here) is fairly reasonable

That was actually a motivation of mine.  Price.  I've looked into CEX personally for a while and never could justify paying the prices of nearly triple of what we're offering.  I'm not going into explaining downfalls or any shortcomings they may or may not of had, because I do not know their business structure and future plans.  However, I can say having a variable BTC rate based off of USD prices makes it a lot more flexible for the buyer with minimal risk to us, as it -SHOULD- only increase in value; however, not as exponentially as if we set a 0.xxxx BTC per GH/s like other cloud hashing options.

Another 25GH/s purchased!

You still have not clarified my question in regards to whether you are a registered company.

Your first only post to us.


Sorry, must of missed it when answering questions.  Not as of this moment.  Will we be? Most certainly.  I had no ETA until recently on these machines other than "soon".  So, I wasn't about to open a business for an unknown length of time prior to opening.  Business registration will become public information when the business is registered within the state I reside.

Well it appears that the price is now $9.25/GHs. Anyway, I might purchase this, and I can direct a lot of traffic to this site if it's legitimate, I'll see when the equipment comes. Plus half of your site doesn't work, most of the buttons are just there as placeholders.

Prices are $8.50 per.  Based off of Coinbase.  The website, if you had scrolled up some would indicate it's going to be updated today.

Please feel free to refer to following post: https://bitcointalk.org/index.php?topic=329674.msg3565870#msg3565870

How can we or anyone else know they are shipping?

Found this thread: https://bitcointalk.org/index.php?topic=304605.140

Last reply was on Nov. 7th and no one has gotten a tracking number.

So far there has been no reason to suspect otherwise.  We have had many of communications with various staff members from their sales department and they have done nothing to make me suspect any worse than when I had ordered from BFL, yet here I am looking at my BFL units hashing away.

In addition.. As I've said before, if you go back a page or two.. There is a blockchain.info link with a wallet address.  All money that has been received for orders are saved.  No money will be lost, and if for some reason AM doesn't deliver, everyone will receive a refund.

Guys, I went through the AdvanceMiners thread (company apparently supplying the miners) and I do not think they will deliver:


It is obvious that BTCMiner did not do any research prior to stating that he has no reason to suspect otherwise.


Besides this, the style of writing of both OPs (Advanceminers and BTCMiner) seems quite similar to me. Which mean that OP got smarter and does not accept paypal anymore and you will not get a refund.

I will not put any BTC into this.

Really? My style of writing? I'm sorry if proper grammar is my style of writing... Wow.  Alright then, don't invest.  But I am stating here and now we're not affiliated with each other by any means what-so-ever other than the fact that I had purchased equipment through them.   It's quite rude to presume that we're the same people.  I might end up reporting this to moderation because I'm not about to have some sort of slander issue going on.

Best Regards,
BTCMiners

I'm really tempted! I have a few doubts though:

1) What payment methods do you accept?
2) Can I resell my contract? Saying that cex.io is more expensive isn't the full story. cex is both rented mining and trading. I can sell my Gh/s when I feel I may incur in further losses or if I need quick cash. I can even use it primarly as a trading platform if I'm so inclined
3) What does "lifetime" really means? What happens if the particular device where my contract is running, malfunctions?

+1

1.) Payment methods as previously mentioned are through Coinbase.  I do not accept any other forms electronically due to the fact that there's a very high percentage rate of people doing chargebacks, on top of the fact PayPal has personally and permanently disabled my account due to the fact my account was in fact just dealing with Bitcoins.

    Up in the air on Google Checkout.. need to be able to talk to someone from there on their stance on Bitcoins and buying and selling in regards to do with anything Bitcoin related before I approach that avenue.

2.) Yes, I suppose you could.  As of right now there is no "stock exchange" between the two, but since we gather information such as your email address to verify who owns the account we can always transfer accounts from seller to buyer pretty easily, simply changing the value in the database that handles the payout schedule to the BTC address.  That's a possibility in the future, we might consider opening a simple platform to sell/buy... (Cross that bridge when we get there, let's get this rolling first kinda deal.)

3.) The first 35TH/s is _literally_ lifetime.  Until the units burn out and are out of manufacture warranty they will run.  At in which point it's not worth mining because of the difficulty rate and such and selling them off is the better solution than we'll approach that when it happens.  35TH/s is just our start.  If 35TH/s is sold through fairly quickly then we will continue supply so long as the demand is there.

Hope that answers the questions.  Take care, hope to see you join us!

Updated quantity remaining, 6 GH/s just purchased.

You're right, maybe I shouldn't be presuming that.

But how do you feel about possible delivery issues with the miners?

To me it seems pretty obvious from the AdvanceMiners thread that they have not delivered any devices yet from the last batch and that people are using paypal buyer protection to get their money back.

Well, the account that is funded with BTC is openly accessible.  All BTC that has gone is is all accounted for.  SO in case they do not actually deliver, I'll be the one out of the BTC, not the buyers.
https://blockchain.info/address/11MUhhuJzJvaCm9apSN8tf8zDkMbn9AZt

All money is there.  Only deposits go in there and we're keeping record of every single transaction since Coinbase takes care of that for us, along with email addresses.  If we cannot reach someone by email we will wait (60) days for a response and send it back to their address that they paid with.

So, there really isn't any liability in terms of buyers as full refunds will be given in the chance that they in fact do not deliver. 

As for the presuming, everything is good in my books with you.  I just don't want to be tossed into a bad category with a possible bad situation as everyone is covered.  No one will be losing their money/BTC.

Another 1 GH/s purchased.

I have have set aside 100 GH/s to the person who finds the next block with BTCMiners.net (on top of your payout of course..)

This fund is coming out of additional allocated hashing power that I have set aside from the 35 TH/s for prizes, promotions and contests.  You will win 100 GH/s for life by simply mining with us.

Hostname: http://stratum.btcminers.net:3334
Username: BTC Address
Password: Whatever

This is for stress testing the server for large hash rates.  I need to make sure everything is in order and this is a test run, prior to our launch date of throwing some major hashing power at the system.  There might be some bugs, but this is what it's for.  

Bring it on! :)

Do you have an ETA to start mining? I Just want to put the # on the calc. Thanks in advance.

The information I have is that the units will ship end of November.  My personal internet has gone out so please excuse my absence until Monday.  All payments through coinbase have gone through fine.  Im responding with my phone and the network drops are being ran in the rented office space right now..  I'll be uploading pictures of the facility here soon once it's completed.  I'll try to check messages as often as possible but going through my phone makes it difficult to respond.  Will have some more updates come Monday.  I apologize about the inconvenience and so does Comcast... Ha.

Again, sorry for the lack of response but I'll be back very soon.  Please feel free to inbox questions and I'll do my best on responding to them.

What the hell. I'll mine for the extra 100 GH/s.

Pointed my miner at your server. Is the site miner stats dynamically updating? Speed, shares, duration are not updating at all. How do we know the current progress level and pool speed?

Progress will be updated Monday.  Pool is fine.  My personal connection got severed by a broken tree limb when I was working on stats.  Backend is working fine, however I was working on the front end and backend when this happened... Things will be back in order and back to being on schedule on Monday.  Sorry for the issues.

Hi, do you have a website like CEX.io or pyramining?  If you do, have like a cloud mining stock market, please show me, I am very interested in something like that for so cheap.

Right as of this very moment in time there is no stock market for buying or selling hashing rate, however that doesn't stop it from being able to take place.  We collect enough details about each purchase that we can verify buyers from Coinbase that there could simply be an open market system available.  We do plan on making a simple trading system available but we have other parts of the system to implement beforewe can entertain that idea.  But it is in the works.  I apologize if there are any grammatical errors as im unfortunately stuck using my phone until my internet service has been restored on Monday.

Thanks

Hi, I am also interested in this.  I have already a few GH/s on CEX.io, as well as 3 BTC deposits on pyramining.  I was wondering, do you have any customers right now, who can provide their testimonials?

We do have customers.  I'm in no position to tell who they are since I keep that information private.  However if they want to respond I would have no objections to it.

When will the equipment arrive? I'm intending to purchase some when it arrives.

I'm hoping Monday morning after the outside line has been fixed from a tree that knocked out my net gets replaced, that there will be an email from AM on scheduled estimated send date from their facility.

Brief, manual update done since coding wasn't all uploaded when internet was knocked out.  Hand inputted information from database so I can at least do my best attempt on updating everyone with pools global stats

Quick update.  Will be able to be back online here soon for better updates.

As of right now 197 GH/s have been purchased.  34.803 TH/s remain open to order for purchase still at $8.50 USD per GH/s

And start of hashiing will be at?

Well, keeping with the email (which I have not been able to check yet, but will be able to later today from AM if they've sent me a reply yet) it will be shipped out at the end of November. 

I believe EVERYBODY reading and following this topic will apreciate a screen capture. Oh, and some long time ago promised pics with the facility you have. Even if you still have work to do on it, it would be nice to keep track of what your doing there. At least people could see the progres on the hard work being done.

But of course.  I have to wait until the Comcast guys get here to replace the line to my house that a tree fell on and then fix the coding I was working on when the tree hit for the front end and backend of the stats page.  I'll need to call the contractor so I can schedule a visit out there without causing a major disruption in their daily work.  Take some photos, get the screen shots of the orders together and put it all into a post, or PDF or even a blog type entry depending on how everyone would like to see the progress taking place. 

I tried to order 10 Gh/s, input my email, clicked 'Next' and the website hangs...

Edit: is there _any_ way to order with fiat?

If you're still having issues, try clearing your browser cache or try to a different browser perhaps.  If it still hangs it seems that there is an issue with Coinbase as it's a script from their servers.   If you try to access it from Tor, you probably won't have any success.

Still as of now no fiat currency is accepted online, as Bitcoin is pretty much 'taboo' for most merchant accounts and the likelihood is quite high on our end of a potential charge back, so we're looking out for yours and our best interest at the same time in not accepting fiat via online at this point.  If more people are interested, I could possibly setup a P.O. Box so that your money isn't sitting in an unlocked mailbox and orders could be placed that way, however; it would take time to process obviously.

It doesn't work with either Firefox or Chrome, cache cleared on Chrome. I will try tomorrow

Looking forward to some of the same things others have asked for.  It's a very good price.  Some questions:

1) Is there a transfer fee?
2) Does this include any shares going to a restock pool to increase hashrate, etc; to keep the value per share up?  Just asking!
3) How will payouts work?

edit - NM I should read more before asking questions ;)

Im in and made the payment earlier today, Looking forward to this thing getting going :)

One thing I meant to ask will the 8.50G/H be honoured for original members should they wish to add/upgrade?
(this assuming 8.5G/H is still competitive in the future)

Ive pointed my workers at this stratum can I ask what will happen in regards to the other blocks found by users other than the winner?!
For the lucky winner, How will the BTC address come into play? Will the payouts be pointed to the winning BTC address?

Sorry for all the questions :)

1.) No transfer fees.
2.) We will be merge mining to help with electricity.  Once this batch is completed, we will be getting more and the price will stay competitive.  That's all I want to say at this point for obvious reasons of other competitors in the same market area.
3.) Payouts will be after 120 confirms, PPLNS system so if you mine at 100GH/s you'll get your 'fair share' of what you mine versus someone who is using 1 GH/s would obviously get less.


That price is only honoured during the initial 35 TH/s stock sale.  After that there could be price flucuations, but will stay very competitive to other outlets. 


Glad to have you on board! :)

250 GH/s purchased.

34.553 TH/s remaining

Ok, I'm unable to buy at the website. Is there another way to buy?

PM being sent.

so can we have ppl who bought the contract to screenshot everything?

How does the pool pay out?

Is there chance of switching the GH to my favorite pool?

Would encourage it to be honest.

PPLNS based off of total shares divided by your shares.

Not at this time.  The reason is because this is to stimulate the BTCMiners.net pool.

I'll buy a contract when u set up a Google Wallet account

I have no objection to using Google Wallet.  Just need a confirmation from Google that they allow this sort of business.  To us, it seems it should fall into server hosting categories.. But again, BTC is still taboo amongst the merchant accounts industry. So please be patient until we know for sure.

Next 10 buyers get entered into winning a 1:1 ratio of hashing power no package excluded.  If for some reason anyone gets a 250 and above.  That will come out of my own personal hash rate from my personal machine I have ordered.

do you accept pp or payza for payment?

We do not, simply for the charge back purposes.  I know I've personally lost some money with charge backs.  So far the only likely candidate is Google, which I'm awaiting to hear back from.  However, the company we use Coinbase will allow you to use other methods to pay.

I take it we've not yet solved a block?

Coinbase allows methods of payment outside of BTC.  As I've said we [BTCMiners]   as of right now do not accept anything but BTC because of charge backs.  I've been pretty transparent in regards to that subject.  As for the rest of the website, I'm forced to use my phone right now to reply.  We had multiple tornados that came through so there is a lot of people without internet being the very least of concerns. Some without homes and electricity and are living in red cross shelters.  I can't work on the website until I have access outside of my phone for the time being.  As soon as I can get internet access with my desktop I can finish working on the code.

Coinbase can't do purchases right now, they are overbought.  I was going to make a purchase but can't until I can get some more BTC bought.

You could check around on the forums for people doing BTC selling.  Just find a reputable member and be safe and smart about it.

I know in the past I've used BCB but that was 6-8 months ago, not sure if he is still around but there are people.

1:1 Ratio of us matching your order has been increased from 10 to 25 35 orders. As of this moment of time during this edit these are accurate.

1.) 500 GH/s purchase received.  You'll be receiving 1 TH/s in total from that purchase. Order #: K8OEXRYY
2.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: 949T291C
3.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: 3ECMSE4P
4.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: Y815KMWE
5.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: W9SZGMBM
6.) 10 GH/s purchase received.  You'll be receiving 20 GH/s in total from that purchase. Order #: O2C8PB2H
7.) 10 GH/s purchase received.  You'll be receiving 20 GH/s in total from that purchase. Order #: QVH1AKD6
8.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: E84C06U6
9.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase. Order #: R4AGCXDY
10.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase.  Order #: Direct allocation
11.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase. Order #: GHE8P03P
12.) 100 GH/s purchase received.  You'll be receiving 200 GH/s in total from that purchase.  Order #: Direct Allocation
13.) 500 GH/s purchase [deposit] received.  Once the full payment is made you'll be receiving 1 TH/s in total from that purchase.  Order #: Direct Allocation
14.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: NTSCEKIR
15.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: 5C36ML7A
16.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: LPN0C6K7
17.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: 5NXQJUUP
18.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: K5HJ6XMQ
19.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: EWURSFY5
20.) 10 GH/s purchase received.  You'll be receiving 20 GH/s in total from that purchase. Order #: NO5EWVZJ
21.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase. Order #:  DCWEQ9HG
22.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase. Order #: MT2T895P
23.) 25 GH/s purchase received.  You'll be receiving 50 GH/s in total from that purchase. Order #: 3O6SBYP0
24.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: MM6ZIKZX
25.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: OP51TRQD
26.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: X8T3NENZ
27.) 1 GH/s purchase received.  You'll be receiving 2 GH/s in total from that purchase. Order #: GJCEWPFC
28.) 500 GH/s purchase received.  You'll be receiving 1 TH/s in total from that purchase. Order #: KOS5EPPN

--

Updated stats of remaining hashing power will be updated ASAP in my signature.

bought another 2GH/s

Got it! :)

Bought 10 Gh/s

From which market script on your website takes BTC/USD rate exchange?

they are using coinbase it says so in the pop up

Ah I see thanks. Pitty that not btc-e :P

I'll look into possibly using btc-e

Side note: Im doing my best on responding.  I've been fighting a horrible infection and sickness for over a month and I'm literally in the ER responding to everyone.  Payments have been received and confirmed.  Will reply as much as possible.

It's almost the end of December, where's your hardware?

+1

We're still in November.  Might want to check your months. :)

Derp, I meant November.

;) lol I was just messing with you, I knew you mean't November.

As previously stated in one of my posts, the hardware doesn't ship until the _end_ of November. When? I don't know.  I've yet to receive anything since a lot of the internet services are out around the town still after having 5 tornadoes hit.  I'm lucky to be able to have internet on my phone as well as I'm currently sitting in the ER responding on my phone.  Pretty sure my tonsils will be leaving here soon, so if there is a slight absence from me; very likely the reason.  I'll be reporting back in ASAP if I vanish for a day as a heads up.  I'll make sure to at least make it to the computer to let everyone know my status and respond as much as possible if I do have surgery.

Friday's appointment with the contractor is obviously being cancelled for this Friday because of how ill I am presently.  I'll reschedule with him as soon as I possibly can and know I'll be able to man up and go out there and have enough meds in me to be able to talk to him. I understand getting tonsils taken out as an adult is quite painful.

I'll keep everyone updated as much as possible.  I'm giving a longer response than normal because of the situation I'm presently facing at the moment, being internet service is still being restored throughout the town and secondly I'm in the ER. lol

I'm going to try to calculate all the updates of everything that was purchased today so I can update the remaining hash rates, and organize the last little sort of sale thing we had going (which I didn't expect to see that quite of a quickness in purchasing as I expected) and tally all that up.

I did like the turn out of how this went though on the little incentive packages, so it's POSSIBLE, we might do another one at some point.. I'll go ahead and throw another one up right now as I was bombarded with PM's wondering if people won.  So there is I'm quite sure enough hashing power I could do that again, but I'll again.. POSSIBLY .. have another one but it will not be a 1:1.. I'll make it fun or somehow beneficial for everyone.

Thanks for reading, take care.  I'm going to sleep maybe. Wish me luck! :)

Incentive test is still going.

https://bitcointalk.org/index.php?topic=329674.msg3656540#msg3656540

I am raising this number from 10 to 25.  I don't want to over extend myself, I think I could do more.. But I'll need to actually do the math on a calculator or paper in a more appropriate time.  I already knew I could do 25 when I started, just didn't know even how 10 would go.

--

Additional information:

As of this edit, the remaining TH/s remaining in my signature is accurate and correct.

On your website http://btcminers.net/ when I click to buy 25GH/s i see: "Pay $212.50 USD to BTCMiners for 25 GH/s." "Send exactly 0.5225375 BTC"
But even if you would get coinbase.com bitcoin current exchange (on this moment it is $700.54), then 0.5225375 == $366,05842025.
Please correct your script that gets current btc/usd exchange to check the price more often. I also would be glad if you could use btc-e.com instead.

I don't run Coinbase, so when you ask me to fix the script.  Entirely out of my hands.  If you want to PM me nothing HAS to go through Coinbase, I can give you an address and we can go off of live feeds and I'm perfectly fine with that.  BTC-E will more than likely be coming soon.

I thought you use some kind of json coinbase tickers to get the current exchange rates between btc and usd. If not so there is something not right with coinbase lag in their api.
Also I would like to wait a little until you will have some more information about hardware shipping.

It must be something with Coinbase and whoever they're getting their feeds from.  I apologize about that.  I'm not in a position to be able to change much at the current moment in time. (Still sitting in a hospital on my phone, lucky for me there's a wall charger.) Completely understandable on the waiting and the hardware.  Hope you have us in "watching" and look forward to working with you in the future! :)

Good luck with the tonsils. i had mine out at ~24, not that painful but I did have an issue with bleeding a week or so after the surgery. I think sutures have improved over the past 30 years so it may not be a worry any more.

Yeah.  Not looking forward to it. I'm almost 30, everyone has said that things have changed for adults and tonsils.. it's like you have to meet a certain criteria to get them removed.  Being that there is an infection it looks like nothing will more than likely happen today (just using common sense on that..) but every nurse and doctor that has come in said that they're not going to beat around the bush on it.. It's going to suck at my age lol.  Yay!!! /sarcasm.

I appreciate the luck, I'm going to need it!

I just want to confirm to everyone because I've been messaged a few times now on the subject.  Yes, we're still matching 1:1 for at least the next 12 16 orders.

25Ghz purchased.  Look forward to the 1:1 match, hoping they deliver the hardware as promised.

Added to list.  Your 25 GH/s purchase will be 50 GH/s when online.  Hoping the same buddy! Just as usual it's been moved to the central wallet and there for safe keeping until then.

Thanks!

Hi mate,

For some reason the exchange is bs. They want to charge 10.2BTC for a 500gh/s contract but on the top it say's $4,250 which equals $8.50 per GH/s

Anyway to fix this?

Yeah, not the first time I've heard that.  This is to anyone else as well. Send me a PM we'll work something out via PM so that you're paying the correct amount.

so let me get this straight i can buy 50ghz for $425$475 and you will match it and I will have 100?  :o (wow amazing)

For the time being, yes.

Are your products in webshop available for asap shipping? ???
In bfl and knc range.
Best regards
Wrong company, almost same name tho... http://btc-miners.net

Is this a question or a statement?  Already aware of btc-miners.net.  We [btcminers.net] have just been a pool for a while now.  We helped keep up the P2Pool list, which I made a promise I would upkeep.  So once I can in the near future that will be updated as well.  We only recently decided on selling hashing power, so if you're trying to stir up something, good luck as I know I've only ever been polite and helpful to the community.  But thanks for stopping by and if you'd like to order some hashing power I'll make sure you still get matched 1:1 if you ordered in time.

Thanks for the post.  :-)

it was first a question cause i was interested in hardware, then realized it was two different companies, so tried to edit my post. Not trying to stirr anything up, sorry for any inconvinence :-)
Best regards

Not a problem.  Really. :)

We are two different companies.  I'm not even sure what's up with btc-miners.net to be quite honest.  The name sounded good when I registered it quite some time ago.. it was available.  Actually never even thought I'd be sitting here having this conversation with anyone on selling hashing power.  Really.. Who would of thought of "cloud hashing" when I registered the domain name..

Cheers! :)

Another 10 G/Hs ordered, Thats my second :) Great offer

I see your payment and I'll soon have it registered.

Thanks again!  :-)

Is the 1:1 still open?

Edit: I sent you a PM.

1. Is there any other method of payment than bitcoin? 2. Still waiting for the miners at the ending of november or later. 3. Did you make any purchase for the first miners? 4. If i would like to buy right now when would my hashing will start mining? Thanks

Bitcoin is the only method as of this moment.

Yes, we're still waiting on the delivery of the miners, which are suppose to ship end of November.

I have good reason to believe we are the majority of their first batch.

As soon as they are hooked up and tests are ran (within 24 hours of receiving)

12 orders remaining that we will match 1:1!!!

To keep up-to-date with orders and how much has been purchased already, this list is here:
https://bitcointalk.org/index.php?topic=329674.msg3656540#msg3656540

Updating stats in signature shortly.

A "Plan B" would be great to ease the doubts. (Not in you but the hardware provider) If I understand this deal correctly. You put up your own cash to buy the hardware. And now preselling GH's to us but holding our cash in a single wallet until hardware is delivered. If they don't deliver you return our cash. Now the question is will you return the amount of btc we give you at the time of or transaction or will you refund based on the exchange rate... Btc could be $1500 at the time of a potential refund.. Just wondering   ???

Thats a good question. +1

Plan B is what you paid in BTC at the time, is $x.xx USD you'll get back the exact same amount of BTC minus the miners fees.  I made it at simple as possible in case they do not deliver.  So if you sent 1 BTC, you'll receive more or less.. 1 BTC as the refund.

 ;D Cool I'm holding btc anyway so I can take that chance.

Now do you have a date decided where if they don't ship you'll refund us ?

It's up in there air.  I was thinking mid December (14th - Saturday or 16th - Monday).  They said they're shipping end of November, I think if they're not here within two weeks after.. They're not coming.  I would honestly like some feedback from people on this decision.  I had been hesitant on saying "when", but obviously that is a concern to my clients as well as myself.

Will you be able to get your funds back from the company? If so do you plan to buy elsewhere ?

Getting funds back from the company? I don't know.  It will be a loss on my end at that point.  It was my risk to try them.  If so, then yes I would be looking at other companies again in short future afterwards.

As it sits, 5 orders remaining for orders to be match by us for 1:1.

I bought another 25Ghz ;)  So then I'll be up to 50Ghz purchased matched to 100 Ghz.

In regards to the refund, I would agree that if it's not shipped by mid-December we should look at refunds.

Thanks,
Paul

Got it, added to list and got one person on the mid-December idea.  Any other people who have ordered, would you like to chime in on this as well?

Yep! I purchased 1GH a few days ago and Mid-December sounds like a good time to me if the equipment doesn't come.

Alright, so.. here soon, unless I hear from more people I'll start sending out an email mid-week this week to everyone who has ordered to let them know the planned refund is in mid-December if the units do not show.  Still would like a few others inputs as well.

3 2 spots left for 1:1 match!

Mid -dec is good with me as well. Pre-orders rarely seem to happen on time with mining hardware. Want to give it a chance but want to cut my losses and move on with out months of it's cooming soon really.

This is not a rant on BTCMiners you can't just make the hardware appear out of thin air. (if you could you would not be selling here :P ) 

I'm honestly interested in waiting longer, up to February 2014. Or at least let's keep looking at difficulty increases for a more informed opinion in the near future.

I've never seen a company deliver on time so Mid December works for me as well. ::) BUT  ::) since you already paid for the hardware with your own cash. What do you think about giving us the option to cash out in Mid December or staying in for the long haul with you. As long as I get the same BTC I put in it's just like a savings account in my opinion. As this was just BTC i was going to hold on to anyway. What do you guys think ?

Oh, indeed. Then I don't see why btcminers.net should hold all the risk. Even if it delays, we may get lucky and the equipment remains profitable to operate for a very long time.

I want to commit my word and hold my part of the risk. Even if it delays, this is a much better deal than the BFL Japaleno I almost pre-ordered  :P

Any word on google? I want to buy 5GH/s.

I'm very open on the subject of refunds.  Quite possible I'll be adding a poll to the topic soon and updating original post to plan ahead for "Plan B" to be on the safe side.  So here within a few days I would expect to have something up just in case.

I'll be adding to the site tomorrow to help keep current information up to date.  Hopefully I'll be able to accomplish this with my phone. If not then Monday for sure.


Google checkout is still unknown.  I think the stance on most accounts with banking systems and merchant accounts are trying to distance themselves from Bitcoins presently.

Though I would imagine some people on the boards still trade, but you'd have to post and ask.

To be honest, the OP is trying everything he can to abide by his terms as it's in the hands of the hardware supplier. I just hope he gets his hardware by the time he was promised. If all goes well and the hardware turns up in a few days/weeks there would be some serious pool speed happening and we all would be benefiting from it. I just hope all goes well.

Do you mind me asking when you placed the order?

I agree with the return of funds on request in mid December.  I suspect what's likely to happen will be the equipment will trickle in, piece by piece.  If that's the case how will you handle the process of deciding who gets to start mining at what point?

I'm hoping for the best as well.  Once I get my net turned back on, at some point on Monday, I'll be able to continue to give more specifics.  The purchase date was October 7th, it was probably a batch of its own.  Unless it does of course, trickle in as mentioned below.



I'll be adding a poll along with giving support email on Monday.  There were multiple variables of this that I wouldn't say I overlooked... But more surprised me I should say.

A.) When I initially ordered email contacts were great, good follow through with AMT on returning messages.
B.) Natural Disaster - Who saw that coming..
C.) I got pretty ill immediately afterwards.. though things are getting better, half way through antibiotics.. 1 week left. ;)
D.) Sales have greatly surpassed what I had initially thought it would be capable of.  I expected a few members to be on board with us, just not quite as many 'heavy investors' which I'm truly grateful for everyone down from the 1 GH/s to 1 TH/s sales.  Truly an honor to have gained your trust!  

In terms of allocation.  It's really going to be hard to say without knowing what we'll have to work with.  Since there's no number figure to work with right now and their last email states shipment starts end of November there's really no way to for me to calculate exactly what.

I do have a few ideas however, split the hashing equally.  For instance.. let's say we only get .. 5x 1.2 TH miners, so for simple that that is 6 TH/s.  We end up selling 12 TH/s by the time the equipment arrives.  We could split everyone in 1/2 until the next order comes and cut off sales until then.

Another idea would be, taking the approach of First in First out.  I know I'm 'borrowing' that approach from previous companies and it has worked, but also made a lot of people mad.  That's another subject I'm open to discussion with as well.

The main thing that is important first and foremost is that everyone who has invested if things go south get their money back.  I'm not talking how much in USD, your BTC amount invested. (Minus, the miners fee.)

Let's say you have orders for 20TH and 10TH arrives with the first hardware delivery.  

Instead of an even split, could you fill the orders proportional to the hashing power that was purchased?  In other words, I purchase 1TH (5% of this example).  That means I would get 500GH up and running with the first shipment.  That seems more equitable than an even split in regards to the people who purchased large orders.

Should be an interesting week! ???

That was my first suggestion actually, "I do have a few ideas however, split the hashing equally.  For instance.. let's say we only get .. 5x 1.2 TH miners, so for simple that that is 6 TH/s.  We end up selling 12 TH/s by the time the equipment arrives.  We could split everyone in 1/2 until the next order comes and cut off sales until then."

You definitely worded it better than myself; though I am on a phone too so please do excuse bad grammar and poor sentence structure.  It's very time consuming to reply on a phone! :)

But that was where I was getting at with the quoted sentence was that the orders would be proportionally filled until new miners come in to fill up the original order and then new pre-orders could then take place.  If we end up getting less than we sold out, new orders would either be postponed or they would be on 'backorder' or 'pre-order' for upcoming shipments and fulfilled the same way.

hmmm so website hasnt been updated yet after weeks?

anyway is there any other way to purchase the gh not using bitcoin? as of now i used to buy the coins from btcquick but they seems to have a problem restocking it

pm me if you would like to discuss about different payment further. thanks

PM'd you with confirmation code.  Signed up for 25 gh :)

Website hasn't been able to be worked on.  Again, it's been covered many of times feel free to read through the last about 9 pages... I'm working from my phone until tomorrow. 

Again as well with Bitcoins.  Please feel free to read through the entire topic.  PayPal, no go.  Google, unknown, but more than likely a no go.  Reason? Probably Silk Road.

It's going to be hard enough for me already to get these coins OUT let alone get money in for Bitcoin related items.  I live by the mercy of merchant accounts and banks too and those two systems can charge back. ;)


Got you! Sent you a PM.  Looks like I missed you somehow, but you were still already inputted in the list.  Maybe it didn't send or something happened.  But PM sent! :)

Any update on the machines? The end of November is coming close...

It's Saturday, no I do not.  Sorry.

Sunday

Is 1:1 promo still avaliable?

bought 100gh/s thanks  will try to get more loan of btc.

thanks

I prefer Proportional over FIFO. (even if I am 1st)

Im happy to hold off a little longer, We all know mining hardware and ETAs!..

Yes, Sunday lol thank you.  Auto correct on phone apparently wants it to be Saturday.

Sounds like proportional is being preferred which is fair..

I don't want to over extend but since we had a lot of 1 GH/s orders, I'm able to raise the 1:1 ratio match from 25 to 35.

Seems like cex has now more cheaper price.

Still about 8x the rate we're offering per GH/s.

Is the promotion $8.5/GHs and matching 1:1 still active? Also what is the process for us to get that promotion? is it just purchase and then PM you?

thank you,

How you calculated this?

As of now GHS/BTC is 0.0861 at cex.io, and BTC/USD is 732, thus GHS/USD is around US$63 >> USD$8.5

1:1 is still active.  The process is going to our website, www.btcminers.net selecting the hash rate you'd like finishing the payment process through Coinbase and get added to the list!  :-)

Hope you get some good news this week! ;)

+1

Hi, I'm lost with all those posts, ETA will be end of dec? what is the ratio 1:1? If I purchase now I will start mining when the first miner is delivered? Thanks.

Hi,

I've read nearly all posts above but I still don't get some things...

1. What's finally the ETA? Productpage says Feb2014.
2. What's the plan witg the 35TH/s? Joing a bigger pool? Running own pool? By the time I'm writing this I saw 20+hr rounds on slush's pool with 300 TH/s to find a valid block.

I'm asking this because I'm very interested.

Cheers,
FabseN

btcminers give me this addres 1LqzKt9bnRSuKQecwm4Dk8ZZpMQptxEXho yesterday to pay, is still avaliable to send?

ETA is equipment shipping at end of November.  I'm assuming this will be starting end of this week or beginning of next to be on the safe side of 'assuming'.

1:1 ratio is us matching you 1:1.  As soon as the miners come in and granted the amount we order arrives correctly you'll start as soon as everyone else and the machines are turned on and tested.



1.) We ordered ours in October, we are scheduled for end of this month (Nov) for shipping.
2.) 35 TH/s is our intro prices.  The first 35 TH/s is just an intro.. (hence the crazy cheap prices)

We have a lot more coming in hashing power and plenty of room to sell, but we may not always be at our current prices.


We never gave you that address.  Please do not use this address as we have no idea what it is. 

Can I pay directly with my BitCoins to this adress : 11MUhhuJzJvaCm9apSN8tf8zDkMbn9AZt ?

If yes what will be the exchange rate ?

Greetings and a the luck for the future  ;D

Vincent

PM me prior please.  That way I can get some basic information from you before hand so I know you're the one sending, but yes, that would be just fine.

Is the 1:1 deal still going?

If so I am intrested in ether the 10 or 25GH's

Currently, yes it is.

bought another 25

thanks for this very good deal!

Any news on this?

While update are manual on BTCMiners phone due to storm damage/health issues you can check the page for blocks found

Pool Statistics:
 
Pool Speed   Blocks Found   Round Shares   Round Duration   Total Miners
218.3 GH/s   0                   49904370                  8.19%               3


So no block found yet. as far as I can tell.

Thanks never thought to check on site   :-[

Bought 1, is my first (and second) with you.

ok paid for 25/ghs no e-mail or way to set up an account and i pointed my miner to your pool. the address i sent the payment from is a payout address not my incoming address.     

Is the 1:1 deal still going on?

Everyone's order has gone through fine.  I'm trying to play catch up from lack of internet.  Until otherwise 1:1 is still continuing.  If you've messaged me, I'm working on replying to everyone. :)

The BTC has been moved from wallet to wallet.  Will be posting new wallet information soon.

I just don't want to keep all funds in one place for too long.

Edit: NEW ADDRESS

1PLsMpEZ2Z9W4f84W4DiwYYc6Fm5TFivRo

Are any of the 1:1 match left?  I want to buy 25 GH/s.

It sound like yes.

Yes, 1:1 is active

Just checking, you still haven't found out any more details on the shipping?

Nope, which is why we had discussed Plan B of when refunds should be given in the event that AMT does not deliver.

If AMT doesn't, you'll get your full BTC amount back, minus the miners fee.

Yep I know and I trust you... just really want them to come through :)

Yep. Same here as well as everyone else!!  :-)

Replied.

Hello

You mentioned earlier in the forum if the market or something happened you would provide an incentive but if you bought a lot say 500 GH you wouldn't be able to, what did you mean by this and also I am interested in purchasing, is the 1:1 available still IE double the GH based on my purchase?

Can you please PM me?

Thanks

Bought 25 GH/s and sent a PM to you.  Here's hoping AMT miners follows through.

Come on AMT ::)

Info in this thread
https://bitcointalk.org/index.php?topic=349404.new#new
states that the 1.2 THs will begin shipping Dec 20

Looks like AMT will once again miss their expected ship dates

Yep... not looking good.

Hi there,

Is the 1:1 deal still going? Would like to buy 100GH/s. Have to run to bank to get some BTC :(

Any update on delivery of equipment? Please advise.

Thanks.

Arg gee why does this seem familiar? Announce a date, take preorders, deliver 2-3 difficulty  increases later.

There is some information about the order (like the receipt)? I miss that from the previous posts.

i bought 1GH/s yesterday and sendet you an pm.
 ;)

Just some rumors of delivery being 20DEC13 instead of now.

Gave a good amount of my coin. Not good I need something mining now!

1:1 is still active contact if over 1 th

Can you pm your order # to verify

Again 1:1 is still going until you hear otherwise.

We all here you. 

So whats the plan?  If they arent going to deliver until 12/20 and refunds are scheduled for 12/15?

I personally just assume everyone will be late delivering and I am fine waiting a bit longer than 12/15.

Just a thought if AMT can't deliver why not find the closest Available miner (that we all agree to) and use our funds for that. Just a thought.  ::)

BTCMiners
Maybe you can hop into their chat and ask for confirmation on when the units will be shipped.
With such a large order as yours, they should at least be responsive to the inquiry

Beware: BTCminers.net got a loan of 31.5 BTC from me on 30 August 2013, he promised me to pay me back with 32 BTC in October at last. He didn't repay me yet.
He wrote me some things for weeks that now start to seem excuses to me and he is not answering my messages anymore.

Here you can see the two TXID of the BTC I sent to him:

04dd1eeed110dd962584dd02b644cc20de18263dd02d5a4b4675fe6fae4b5119

37ecca7211de50608932077650bc667c44125bf4be1bab156707b18ab7e4f7ed

I hope he is not trying to run with my money. I will delete this post and remove the negative feedback on his profile if he tries at least to make a plan to give my BTC back in a reasonable amount of time.

EDIT: I do not want to scare anybody, I just start to feel nervous about this.

Well that's disturbing...

I do know a company I can get miners from pretty fast. Would not be sure if they had as many as we would need in this short of time frame without ordering from them. But I could fix it  8)  

Def not a good look. Hope this gets rectified soon.

Well, those are two transactions anyone could find and place... Figured this crap would come sooner or later dealing with someone who's trying to get nearly all the Bitcoins that have been collected. 

It's pre-Thanksgiving.  Have a drink and I'll wait to see the proof outside of two transactions ids..

You bastard, are you going to steal my money?

I am posting all the stuff he said on freenode. He sent me also emails with his true address.

You are not going anywhere.

He wrote from the email: douggibby.phone@gmail.com

He is Douglas K. Gibson
610 Baronne st.
Lebanon, IN 46052

Okay, have fun with whomever that is..

Evidence sir, evidence.

This is on his TRUST profile.....

agath 0: -0 / +1(1)   2013-08-30   0.00000000      Loaned me 0.26 BTC. I was given 2 weeks to repay and repaid him within 68 hours. Nice guy, would borrow from him again if needed! :)


he dealt with me and he paid back his 0.26 first transaction to my address.

PM sent.

Also, I read earlier in this thread that they will deliver mid december.  Yes, the difficulty will go up, but you'll have to wait longer than that to get any other miner, even KNC is undergoing serious R&D for their next batch.
If AMT keeps stalling I'd gladly take the 30 minute train ride to personally visit them in Havertown, PA for some reassurance and report back here.

On a side note, OP, about how long do you think you'll allow people to buy in at this price.  If mining gets going soon, I'd like to do another buy in.

I will ask Theymos if he can reveal the PM exchanged between me and him, where HE is saying that he will pay and so on.

I think it would be better to post a pastebin link instead of posting the whole logs directly. Also, yes, you can reveal PMs.

It would be better if Theymos will reveal them, so this retard can't say I am photoshopping/editing/telling lies.

Here is the pastebin to the logfile: http://pastebin.com/rKqKw1Yk

I am active on freenode on the bitcoin community since 2011, many people already know me including well known people. I am not a liar. If needed I can give a lot of references. And I really hate that people abuse my willness to help people this way. I really wanted to do something good helping him, and he was convincing. People are really bad, I should never trust anyone, anymore.

This is the first PM after not hearing from him ...

BTW: he could at least try to make a plan to repay me. Answering that I was a liar makes it an evidence that he is guilty and didn't mean to pay me back. I am so angry now.

https://bitcointalk.org/index.php?topic=349778.0


Are there enough evidences? Do you need more?

I may calm down if he agrees to make a deal and starts to pay me back. In 24 hours I will try to run legally after him.

Another PM. I have plenty of this stuff by email, all full of excuses to not pay me back.

Could you explain this?  I find your attitude regarding an alleged loan to be both unprofessional and curt. 

Please tell us why this man is accusing you of not repaying a loan.

Here you can see the TXID of the first "little" loan that was paid back. It's the one mentioned on the trust/feedback in the profile. It went to the same address as the two others.

65d5f1a8e71dd4f61d5ec02a32637b6d2c98884247b3d51a9c74f6a5d7bbd16c

Are there still any doubts that I am a liar??

Hi, Agath. I tend to believe you since I know you are well known in the freenode and I knew you name in Labcoin thread. Moreover, it is quite suspicious to me that BTCMiners.net kept extending his 1:1 offer even when BTC's price kept shooting up. It seems he wants BTC desperately.

That said, I am curious why you lent him 31.5 BTC (not a small amount) in the first place. The interest 0.5 BTC (less than 2%) is not so attractive in my opinion. Did he give you any collateral? I doubt you will just choose to trust him because the tiny trade before.

It's typical someone is going to try to exploit a situation.  Someone who threatens me and posting things that everyone has already heard about the ongoing situation of my internet issues, etc.. Well that's not news.

Anyone can go find any transaction and claim so and so did these transactions.  Right now I have one person who claims I conveniently owe the same amount of BTC that had been accrued from the sales thus far.

Though it may be unprofessional.  Have a drink and relax.  There's no proof, none.  

Read the logs. He convinced me that he was a good guy, and I tend to help people. Who knows me can confirm it. I don't want to abuse and earn on honest people, I didn't do it for business, I just did it as a favor. And I have been burnt. I am so disgusted, and I am angry with myself for trusting people too much.

I really hope that Theymos could find the time to read my message, disclose all the PM with your bullshits, and show what kind of person are you. It really hurts me, not only for the financial loss, but also for your attitude, after I tried to help you.

I don't get free money, I worked hard to earn it, and you stole it. It's really sad that you also are trying to negate the evidence. If you don't apologize, I will really do everything in my power to make you realize what kind of mistake you are making.

Well, until then..  I'm not going to feed into this anymore. 

Evidences:

1 - the two payments went to the same address as the first loan.
2 - I can't fake all the chat logs and the PM and everything.
3 - Hope that Theymos can do something to enforce the proofs.
4 - In his profile/feedback, he admitted to have received the loan and that he paid me back.
5 - I can sign a message with my private keys to show that I own the address where he sent the payment back.
6 - I can sign a message with my private keys of the bitcoins sent to him.
7 - Everybody who knows me, knows that I am serious.

All coincidences? Do you think I would throw away my reputation with such a silly method? You are really gullible if you think you can come out of this situation just by saying I am a liar.

If you were smarter, you should have tried to make a plan to give my money back. When it will be stated that you are guilty, you will have your reputation ruined. Instead of explaining/apologizing/reasoning on it and find a way to solve the situation in a smart way, you took the wrong path. Now it's clear that you are a scammer after claiming that what I say it is a fake.

Yes, after reading all the logs and now I think all these happened because the BTC price increased 10 times during this period. The friendship may worth $3.15K to him, but apparently things changed when it is $31.5K now.

Actually,  I think Theymos does not need to make PMs public. He just need to confirm that the part you chose to disclose is genuine, and that will be enough.

To the future potential buyers of this 'Cloud Hashing' contract, be CAREFUL if something is too good to be true. Please stop risking your money before all these things are settled.

Before giving that money, I asked him twice if he was sure, because the value was going to increase. Beside this, I think I am reasonable. If he didn't want to scam me, he would have respected the deal, and pay me back week by week. If the value changed so much, he could just have told me, maybe we could have found a deal to repay less than 32BTC (even if it would have been a loss for me). Unfortunately I didn't see even just one satoshi, and he called me a liar.

I am adding a quote of his messages, in case he thinks about deleting or editing them:

It's sad, I asked for a refund a week ago and I was given a positive response, but the decision to issue each time delayed due to problems with the Internet.

And now started moving and separation of all funds invested by people to different addresses:

https://blockchain.info/address/1PLsMpEZ2Z9W4f84W4DiwYYc6Fm5TFivRo

Well this has gone downhill rapidly.  I don't pretend to know what the real deal here is.  What I do know is there's a lot of BTC tied up either way and some of it (not a huge chunk but enough) is mine.  Yesterday all I worried about was that the vendor would not deliver.  Exhausting.

Hmmm... I went out today and got myself some pretty little BTC's, actually only half a pretty little BTC. 4 kids and a wife doesnt allow me to go crazy :) I was so excited! And the plan was to buy some shares.

Ive already been burnt 5 bitcoins a few weeks ago by another scammer and I surely dont want to be stung again. Im already in the red as it is. These 2 1/2 or so months of mining havent been very favourable to me, and now I think I may just sit on this .5BTC and keep it warm until I feel a little more confident to part away with them. Hey you never know, my ass may help it grow. Or some kind people out there may want to donate to make it a nice full bitcoin? :) Hint Hint. Just kidding

agath - I feel for you mate. I lost 5. You lost 31. I couldnt imagine how pissed off you would be! Hope it works out dude.

..I still got the taste of labcoin in my mouth ::hides::

Hoping for some form of update?

The only update is that I have 23mBTC or so tied up with this little scheme. Not much, I know, but it was half my wallet at the time.

It'd be nice to get that back, but evidently that's not happening.

Know how you feel invested all I had at time, if this goes pear shaped this may be the end on my bit coin adventure

I asked for a refund earlier today when he was online, did not receive a response.  Just made a second request.  Will let everyone know if i am successful.

Do remember that today is a US holiday.

Tomorrow is another matter

Waiting for your reply personal message BTCMiners

It looks like hes done a runner.. Holiday or not. If I was accused of something so big I would do everything in my power to prove my innocence.

I keep praying that we are wrong about this guy and he seriously does have a legit business. Though when you come to thing about it. $4.25 / GH is way tooooooo gooood to be true.

BTCMiners - Can I make an order for 400GH/s and pay you once the system goes live?

How can he prove innocence? He confirms the first loan has been payed back. I have the TXID that shows that I sent him that money at HIS address the first time. And I have TXID with the two later transfers to THE SAME address.

If he says that it's not his address, then tell him to give you the TXID of the first (0.26) loan payback, with a message signed by his private key. He will not have it and he can't give it to you.

I have the evidence of my loan to him, while he sustained it was not true and that I'm trying to steal his bitcoins.

Annnd the crickets are not a good sign here.

Of course is not. Douglas Gibson is a very dishonest being.

Refund requested by me as well. Has anyone gotten their money back ?

Really glad i only put it for a few gh's i was going to buy a TH this week too..  ::)

Agath, your personal business doesn't have that much to do with this thread ...

Now it does, have you seen a reply from him lately?

bump

It would be sad to let him scam people freely...

Sigh... I get more depressed with every refresh. Someone say something positive... Please?... You can lie if you have to...

People like "BTCMiners" destroying good reputation of Bitcoin scene. Sorry guys, it looks not good...

There there, it's all gonna be alright.

I was close to being hooked myself, but i sent him a PM asking how it was possible to deliver something that looked too good to be true. I wondered what i was missing.
Reply:

I was thinking of it as a loss leader type deal. sell some now at a loss but have customer in the pool. then as difficulty goes up sell them more GH/s at full price.

Also the btcminers.net pool has had very few workers so a pool with a lots of active members will be more attractive to prospective members.

unfortunately it could also be after having 32BTC from loan and another large amount from selling GH/s just deiced to take the money and run.    :'(

Unfortunately I dropped my whole crypto investment into this. It appears (as someone said earlier) that my adventures in bitcoin may have also come to an abrupt end. No way in hell the wife will ever let me invest more now.

Hence the wisdom : Dont't put all your eggs blah blah blah ...

U got it now ?

Sorry all this make me sad too but people have to learn that bitcoin mining is a new kind of investment; not a get rich quick scheme.

btw I hope pips here will be reimbursed; 32BTC is more than a year of salary for me  ::)

It was me, I have very little BTC left as invested almost all in the hope this would be a genuine venture.
This isn't the first time I've been scammed... Its seems to come with the crypto scene

I did post a little heads up in Newbie section to do homework on people especially selling, if it helps just one person I'll be a happy man

https://bitcointalk.org/index.php?topic=351154.msg3763014#msg3763014

Doug, if this true you need to stand up and make people whole again

Doug,

You may want to consider what you're doing. Wire Fraud is no joke. It's not like when you were arrested 2 years ago for that meth lab.

The feds don't play games - and you've left PLENTY of evidence behind in your wake. We know who you are. This is a federal offense - you can't just move to a different state this time. Do you really want to be on the run for the rest of your life in order to pocket a few thousand $?

You've probably started this because the BTC 31.5 you borrowed ran out of your control due to the BTC price increase, so you tried this scam to get yourself out of the hole.

This is not the way to do it - if you don't pay back agath, it's bad, but so far it will at most impact your credit - if that. If you however are convicted of wire fraud, you're going to go away for 20 years.

You're 42 now, so you'll be 62 at the time you get out. Is this really worth it?


You can still get out of this by paying back the money that you "borrowed" at this point, and blaming it on Advanced Mining not delivering in time.

^Seems like you know him? Otherwise it's solid. Suggest legal action against him. He cannot get away with this.

What the hell is going on???

If the dude owes 31 BTC to someone else, what does it have to do with this thread?

Second, who's insane to grab $35k, buy 31 BTC at current market prices and pay now back the debt?? Obviously he will mine the fucking BTC, IF you give him a chance!!

otoh, of course it can be a scam, but that possibility was always there from the very beginning ...

Considering he's stopped responding the assumption is he never purchased anything and is simply stealing the BTC from both of us.

I'll post his responses of pm, which I am increasingly aware that the money is not returned to me, because time is constantly postponed and on any phone with internet you can check email.

He's managed to transfer the BTC to different wallets, post repeatedly here, respond to PMs, etc; all with his limited access so I'm not sure why he couldn't process refunds too. 

The way I see it, he needs some help to succeed. He needed to go to the ER, his internet connection is failing, etc...

It's better for him and for us to work together instead of starting to panic and throw accusations. We would be scammed and lose our money, he would risk trouble with the law. It's a lose-lose to go full retard here, everybody knows this, so let's think it a little bit better

Do you guys really think the feds would pursue this ? If they would how do we go about getting the ball rolling  >:(

Good luck.  He's obviously decided to just scam all of us and say screw you.  Possibly if we can get enough personal details we could convince local law enforcement to visit him.

Wipeout I have no idea what you are talking about. 

The question in my mind is, how many days of dead-silence from him do we wait before starting to sharpen pitchforks, and filing complaints/charges. I am thinking one week from when he last was heard from seems reasonable. Don't want to give him too much of a head start. That is plenty of time in my mind. But there may be certain amounts of time that have to pass before they allow you to file complaints. I have not tried yet so I don't know for sure.

But, when the time comes, quick google says it all starts with complaints here: http://www.ic3.gov/default.aspx

40K stolen should get the feds attention.. At least for TAX evasion  ::)

The Whois of his website doesn't help, however we do know that it is hosted by GoDaddy (http://who.godaddy.com/whois.aspx?k=UhdtpZizyGW73GF8xeZTtl64vR0gmWzckU9c4eqWd1Bp1C2/CXaD3PrmLDBe4vUj&domain=btcminers.net&prog_id=GoDaddy). Perhaps if we can get in touch with GoDaddy and give them some information on what has happened we can perhaps get some other details about him.

Yeah it seems to be registered through a domain proxy company. The authorities can get the true registrar's info with a court order from them however, once they start investigating.

You can report a website through the domain proxy that he uses, but I suppose that the supporting documentation would be an issue. If anyone wants to have a go then here: https://www.domainsbyproxy.com/ClaimForm.aspx?Type=3 . There is also a way to get registrar information through it, but I believe you have to have some sort of law status to get it.

$40k at current market value. The way btc has been going it could be many times that amount by the time they get into seriously investigating things.

There also may be information that can be acquired (at least by authorities) from Coinbase, It appears that he has a merchant account through them, that may (or may not) require a "bank account verified" type of account. Honestly that was one of the factors that played into my decision to do this in the first place, being tied directly to Coinbase like it is, it lent it a bit of credibility in my eyes.

Actually, while reading the ToS for domainsbyproxy.com I stumbled upon this:

"You understand and agree that DBP has the absolute right and power, in its sole discretion and without any liability to You whatsoever, to:"

"Cancel the privacy service (which means that Your information will be available in the "Whois" directory) and/or reveal Your name and personal information that You provided to DBP when:"

"G. If it comes to DBP's attention that You are using DBP's services for purposes of engaging in, participating in, sponsoring or hiding Your involvement in, illegal or morally objectionable activities, including but not limited to, activities which are designed, intended to or otherwise:"

"3. Violate state, federal or international law;"

(only pasted the relevant passages, didn't want to paste the whole page, there are lots of conditions.)

But the way this reads, if they find out that he's using their service to hide criminal activities, or if they are named in a law suit, they will cancel his account, and the whois will be unhidden...;)

While im part of this group only by 0.15 btc I would hope you guys that invested for the ths our multiple ths would be knocking the door down trying to gather up as many members as you could to join a possible lawsuit. Board seems kinda quite to say this guy made away with over 30+ btc...  ???

Sad news to see still no update :(

WHY HAS IT TAKEN A MONTH FOR SOMEONE TO ASK US DIRECTLY IF THIS PERSON ACTUALLY MADE OR INQUIRED ABOUT MAKING A PURCHASE FROM US!!!

I'll take it that he hasn't?

 ::) ??? ::) ??? :-[ :-[ :-[ :-[ :-[ :-\ :-\ :-\ :-\ :-\

Guess this should answer any questions anyone had over the validity of this offer.

Lets get the wire fraud/ tax evasion process rolling people

I suppose the first thing we can do is give this guy a negative reputation and make sure no newbies buy from here.

Guys,

Why did no one mention this on our thread or email us and ask about this. I just got off the with Donni - "Nocturnal2112" Who just inquired if this was an legimate order and when I responded No it isn't and he sent me the link this thread and I gave him a call and he just filled me in on this situation which is just ridiculous. We've had a few large orders yes, and we do know each and everyone of them personally.

But guys come on, at some point someone could have just sent an email and just asked if this was legitimate order.. We've had an email dedicated to order verification for guys that sell on Ebay or resell their per-orders to their friends. Its on our fact's page at the bottom Orderverify@advancedminers.com and has been there since we put the site.
 
I'm Jim by the way, in general we stick to our forum  or the custom hardware section, even though we don't use the forum that much really. On this username it's either me Jim or Josh. Personally I handle most customer support, larger sales and what nut and the "Lebanon, IN" rings a bell from somewhere and I'll take some time shortly to try and figure out exactly where that sounds familiar. One of those cities that is like "what wait.. "

If anyone has any information about this guy like another email or name or tone of voice if they spoke with him over the phone, please post it here because most likely he did inquire for something at some point.

We'll do the best we can to try and help out with this, I just cant believe it has taken this long to get to us.

Well there went my last hope on this I was down to 10% anyway :'(

Quote from: AMT_miners on Today at 09:15:43 PM
WHY HAS IT TAKEN A MONTH FOR SOMEONE TO ASK US DIRECTLY IF THIS PERSON ACTUALLY MADE OR INQUIRED ABOUT MAKING A PURCHASE FROM US!!!


My own answer not ment to describe anyone else

1. Stupid.
2. Did not have name to ask about but asking about anyone from BTCMiners might have worked.
3. Because of #1 it's only been a week to even suspect anything was wrong. (insteading of asking for invoice number or other confirming info)

Yeah I find it amazing that nobody bothered to just ask AMT, or for an invoice number or something from him. For me personally, I think it was a combination of his status as "Sr. Member", with (at the time) only positive trust, combined with the fact that from all appearances he was all legit with a Coinbase merchant Acct. I fell for it....Sigh

Ok, yes, understandable - but 35th's is an order we're going to notice and remember clearly, and if someone else is collecting money claiming to have ordered something from us.. its like com'n..  Like ask for an order number or invoice number or something. An order like that would have been paid via wire... im just say like ...  i dont know what to say.

see number one. (but I think I've learned). But I also PM'd with him seveal times and was hashing at his pool before this 'sale' started.

Go ahead... say it... we were f'ing idiots.  Sigh.

So, as much as it pains me to say it, it's probably a good idea for those of us that don't care to post what they were in for so we can get a vague idea of how much BTC he actually got. Agath is in for 31.5, and I know the last time I checked the wallet it was in the area of 38 BTC. How that was split up, and whose was what I have no idea.

 I am in for 1.036 BTC myself. ($877.00 at the time) for 100 Gh.

Not the end of the world still wish it was the GH/s even at full price.

BTC 0.4592845
USD 153.5

I think that it's appropriate to post something here too: https://bitcointalk.org/index.php?topic=349778.0

The largest single payment is my (7.3727 BTC). I have not slept a couple of days and made a hasty thoughtless order.

The next day, reading messages and communicated personally, i realized that most likely lost money, i asked for a refund.
It was a lot of discrepancy and excuses that are hard to believe, and a normal person would not be able to collect the money when he does not have access to the internet, desktop and while in the hospital, with only a mobile phone.

But still he persuaded me that at the end of November, he will settle all problems and all money will be returned, my big mistake that I have not written about this before, not wanting to ruin the reputation beforehand, if he actually had these problems.

So I have filed a claim at the domain proxy company alerting them to what is going on here, complete with a link to this thread. With luck they will determine that letting him hide behind them for the impending sh*tstorm is not in their best interest, and we will see if the domain registry confirms his identity. I also sent an email to Coinbase earlier, no response yet.

Thanks I also sent Coinbase an email.

I had paid for 50Ghz, will have to look up the exact cost.

Lets alert the feds next !!!!!

I just did..

Currently researching ways to report a person based on tax evasion. If the feds don't care about him scamming us I'm 100% CERTAIN uncle SAM want's his cut of that $30k plus once he converts it to USD....

I'm pretty sure it only becomes tax evasion if he does not report it as income, and with it being BTC I have no idea about how that would work. I know you have to pay capital gains taxes when you cash it out, other than that no clue. I do know that drug dealers have been known to report their proceeds as "misc income" for years and avoid the normal tax evasion charges that usually go along with being busted as a dealer once they are busted.

Regardless, this is still well within the realm of them being interested, the charges themselves are no joke (international wire fraud is it?), no matter what the actual monetary value is, and between Agath's loan to start up, and all our scammed money, that's many tens of thousands, and that is only at current value.

It may not be the next Enron, but they will look into it, no question about that.

I paid him around 3BTC for 250GH/s, and was planning to purchase 1TH/s @ US$6.5 with 1:1 match. Fortunately, due to a delay in processing fund, the 1TH deal didn't materialize. That would be a huge loss  :(

I have already contacted the related companies/authorities, we have some of his details already so it's much easier to do so. If you were scammed, please do the same. The total amount he has stolen is in no way insignificant so let's end him. I personally did not invest all that much so it's not important to me if I get my money refunded but I know several others put in a lot ($1000+). He cannot get away with this.

Here are the two transactions I made to BTCMiners

Date: 18/11/2013 12:44
To: 1LXxQsaDk86wUW1zvsRFDzP9mgyvvHVUge
Amount: -0.161005 BTC

and

Date: 22/11/2013 06:35
To: 18nEXAMTKuJHjgp3Qgevr8XtByPpMhZ2U
Amount: -0.15514 BTC

Total: 0.316145BTC

good thing i didnt invest on this thing when it first started!

the fact that his website wasn't updated at all is the first sign of red flag

The website being exceedingly barren, and incomplete was something I for one thought about. But, my thinking at the time was that "hey this is a one-man-show, and the guy is a miner, not a web designer". Also, as I said in a previous post, the appearance of it all being run through a "Coinbase Merchant Account" kind of eased my mind a bit. Hopefully it requires more than an verified email for that. We'll see.

These FAKE cloud miners' are making off with LOTS of BTC...   What can be done to prosecute them? Who are the 'authorities' people are contacting?

I fell for this one (below) personally...  my loss is now exponentially greater (over $20k and counting). 

https://bitcointalk.org/index.php?topic=179917.0

Can we form some sort of international 'task force' ourselves? We are - broadly speaking - intelligent individuals (regardless of the fact we were conned). If we work together we can accomplish anything.

Please provide links to the proper authorities/reporting agencies so that others can file complaints and/or reports. Have the admins on this site vowed to keep any and all information they have about these criminals secret? Are we able to subpoena the domain registration companies and forums that may have ANY information as to who or where these con-artists are?

Well I just officially filed a complaint at: http://www.ic3.gov/default.aspx My understanding is that they will determine which agency has jurisdiction, and pass it along to them for investigation/prosecution.

Anyone happen to already have an attorney on retainer that they can ask about anything else we can do without having to pay a "consultation" fee? I do not currently have one retained.

I've got a buddy... let me ask.  Unfortunately he's only located in Ohio.

 Doubt the location would much matter, we just need someone with a legal mind, that may have other ideas, or know to file complaints/charges somewhere else we have not thought of.
 
Actually upon thinking about it, there are several forums out there where lawyers/legal types hang out, and sometimes answer questions if we cannot come up with anything else.

Google doesnt give good results...  

http://www.homefacts.com/offender-detail/IN1443579/Douglas-Kyle-Gibson.html

http://www.bustedoffenders.com/indiana/lafayette/sex-offenders/douglas-kyle-gibson/1443579

Address came from https://bitcointalk.org/index.php?topic=329674.msg3746072#msg3746072

Possible phone number?

2417.   Lebanon   610 Baronne Street   Douglas Gibson   765-918-2146

To be clear, I have no evidence to suggest in anyway BTCMiners and the stated person are in effect the same person. This address came from the previous post (see above link) and some digging on Google against this address

The name and address came from the email he sent to Agath, asking for a shipping price for some gear. It IS possible he gave a wrong name and address, but the IP used all through the chat logs supports him being in Indiana also. PreciousKF@c-76-16-138-211.hsd1.in.comcast.net

Also when the above is googled it comes back to this as one of the links: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&ved=0CEAQFjAD&url=http%3A%2F%2Fisp-finder.inetworktools.com%2Fen%2Fisp-registrar-finder%2Fisp%2Fbtcminers.net%2F&ei=3YKfUuCiHcuNkAec84FA&usg=AFQjCNH1Ba-fRdes1rEMsnXJSM5EMycI1g&sig2=PVsD7ur6fO-1hQIoAUGT_A

Wow just looked at the links. If that is true, and this is in fact him, it makes it really hard to hide, and surely brings a few new charges if he does not report where he is to authorities.

I received a response from Domains By Proxy. It seems they will not do anything as far as releasing the name. or cancelling his account until they receive a something from the authorities. They did however give me the name, and contact info for the hosting company being used, and said that we should contact them. It is:  

New Wave NetConnect, LLC

Fabozzi, Chris

+1-716-435-7305 [Call: +1-716-435-7305]  

chris@chicagovps.net

I spoke with a lawyer yesterday.  He said the first thing he urges us to do it contact law enforcement in the local area and file a complaint.  Some places require you to file an official witnessed letter, some will take it over the phone.  I have not contacted his local police department yet myself but plan to tomorrow.  There are several civil suit actions we can also take but the very first thing we should do is pursue a criminal complaint for outright theft.

 By "local" you mean his local authorities yes? In Lebanon IN.

For the record I sent an email to the hosting company too.

I just spoke with the Lebanon IN. Police dept. They said that the way it works is that I/we have to file the complaint locally, with MY/OUR local police dept., and they would then contact the police there in Lebanon IN.

I will be doing this once I close up the store for the day, in a couple hours.

Thank you, beat me to it.  I will be doing the same.

FYI on the civil front we would need to have the vast majoirty of the group involved, or his lawyers could try and invoke "Failure to join" as a defense.  Basically saying not enough of us were agreeing it was a scam.  He also said potentially he could ask the court to let him represent us even though he doesn't have an Indiana law license.  He would need to petition for the right to as a one off.  But that's a ways down the road.  Let's start with the police reports.

Count me in, Slightly harder as I live in UK but more than happy to make calls/emails etc

Same situation here. I am a bit limited on the phone calls but if you need any information, emails or anything just ask.

Just got done doing some minor demolition, going to have to put this off until morning, not walking into a police station in my current need-a-shower condition...lol I'll probably end up having to explain the normal..."WTF is a Bitcoin?" for 45 minutes before getting to the actual complaint. ;)

Once something like this is likely a scam someone needs to edit the label/title..

If a noob comes and reads only the first page they may buy in. not everyone will read the 17 pages.

I was going to buy, luckily I read entire topics :)

I agree, I added my purchase to his trust and that put him to -5. Hopefully that will deter.

We need to get the mods put a scammer flag on him. Turns the coins into red Xs and SCAMMER instead of Sr. Member

---EDIT---

Went to scammer board and made a new thread apart from the unpaid loan.

Coinbase responded with a "we are overwhelmed with the volume of support emails, and have not been able to get to this one"... Or something to that effect. Replied back to that they needed to look into it still.

Tried to get by the police station today, but work was spread out such that I couldn't leave for a while. Going to try again tomorrow but may have to wait until Monday. Not sure if there will be detectives there on the weekend, and I was told specifically to insist on talking to one, even if someone else took the complaint.

I'm in for $212 dollars.

Not a huge amount, but I have a vested interest.

I'll keep up with this thread.  Has anyone considered testing this address by mailing him?

http://i42.tinypic.com/24yxp95.png

why would you pay him when customers are complaining he is scamming them

good idea but i'm sure he will never use that name account again, and is probably logged in with another account reading every post we make.

Lol coinbase is probably dealing with tons of people who put in buy orders at $1k+ and after the 3 days it takes for the transaction to clear ( With the current price under $700) their trying to cancel orders.... LOL. At least the $30k plus he stole from us is only worth about 20k now (If he didn't dump)....

That way when someone sees the OP it will then have scammer marked on it. just in case some see OP and wants to buy without reading to the end

I dumped 0.46 BTC into this.

Unless I drive my van from Portugal to KnC pickup location in the other corner of Europe, I'm definitely out of direct Bitcoin mining.

It all seemed to good to be true  >:(

Duuuuuuuuuuuude     ....     ..    .

Well obviously nobody is that stupid. Looks like he transferred money before agath's revelations, and that's just the screen shot he had saved for confirmation number etc.


Btcminers signed his very first post GibbyD. If those photos are correct, guess he had something to do with Gibby's Donuts in Lebanon.. :P

Try and find domain history about www.peermining.us as well? Not sure how to do that.

I don't know, something's fishy about this deal. :x

The scammer is in the way again? https://twitter.com/BitcoinContract (https://twitter.com/BitcoinContract) http://www.bitcoinforsale.net/ (http://www.bitcoinforsale.net/)

Fyi Guys.... I got in contact with Coinbase  ::)

DEC 10, 2013  |  12:34PM PST
Nick replied:
Neiq,

I have investigated and banned the user, they will no longer be able to accept money via Coinbase. Thank you for bringing this to my attention and I'm sorry for any trouble this has caused you.
Kind regards,
Nick

Better warn them about http://www.bitcoinforsale.net/ They have coinbase Buttons also. May not be same person but they might want to doublecheck.

Actually we should probably warn mt gox too.  I'm betting it's the same person, since less than a day after Coinbase shut him down, the buttons on bitcoinforsale switched over to Mt Gox

That's certainly suspicious. Will do, it would help if several other people alert them also.

Any update in regards to local law enforcement? Dont want to let him get away with this

Bump.
Any news about this? Sorry for the people scammed  :-\.

http://www.bitcoinforsale.net/ (http://www.bitcoinforsale.net/) is still up and mt-gox buy buttons are working.


Suggest people follow @BitcoinContract on twitter and make .@BitcoinContract tweets asking for proof

the .@BitcoinContract means all his followers see it too.

i saw an earlier post where he was a registered sex offender.  Assuming he is on parole or probation, someone should simply contact his p.o.

Update:
http://www.bustedoffenders.com/indiana/lafayette/sex-offenders/douglas-kyle-gibson/1443579

http://www.boonecounty.in.gov/Default.aspx?tabid=244


Boone County Probation Dept
127 W. Main St
Suite 200
Lebanon, IN 46052
(765) 482-6505

I've also alerted mt gox, but haven't heard back.

Got this reply from coinbase:


Also, yes, I did put money in before I knew it was a scam.  Has anyone contacted Law Enforcement about this?

I contacted his county parole officer, but he had completed his sentence including parole/probation in 2012.

Take it, Its money lost and nothing we can do?...

I doubt there's much we can do. We might be able to get info from his whois protection, but then it would be what to do with it. The problem with Bitcoin is it's main selling point, it's completely anonymous.

:-(

And moreover it's sad that when I warned, people didn't believe me!

Did you go to the police station?

The exact same thing happened on the feathercoin forums. Most of the victims have joined forces and they're about to take legal action.

http://forum.feathercoin.com/index.php/topic,7292.0.html
http://forum.feathercoin.com/index.php/topic,7176.msg55779.html#msg55779

Someone here needs to step up and take the lead like mhamilton and kevlar.

Best of luck.

The people scammed here should request the personal information to see if it is the same person.

This person is confirmed as Scott Davie.  There is an interesting thread ongoing about his many scams.  PM for more details (senior members only).