The only rich man out of this is the lying scammer Ken.

To think this man has made off with most of my wealth, makes me sick thinking about it.

How does this make sense?

This is very worrisome. Is BA essentially admitting that they cannot make their own chips into a functional miner? In the last update they said that batch 1 and 2 would be shipped by the end of july. But now they want us to take raw chips, spend more money on parts, and wait another month plus for assembly by a third party? Is this an attempt to avoid sending compensation units?

I don't understand why anyone would do this. WTF is going on?

I will get you both added.

The best way to handle this is going to be every interested PM me with either their BA/MS order number and email and number of chips they have. From there I will put together how many total chips we have and how many boards, and I will make sure the relevant orders gets switched to chips. From there [probably leave this open till Thursday] I will check with marto on pricing numbers and timeline, and we will go from there.

Okay Pistachio then I guess the question is over to you  

Interesting. So you are accepting $3500 for 100 chips?

That's quite a loss over the $6000 paid for the original unit.  You don't think the X-3 will make more than $3500 over its usable lifetime?

are the eatable.. cause they certanly aint worth spending another 205,- euro for placing them on a PCB

it doesn't surprise me at all.

they've been delaying further info  on the compensation until ship time with the explanation that it made no sense to talk about it until that point.  stringing people along.

it's what they've been doing since January and probably even before that, when they knew there was a problem with the initial date and waited until shortly before delivery to disclose that fact.

let's recap.  this is all from memory, as I'm not going back through this whole thread to reconstruct their bullshit, so this may be a little off.  I'll leave that to the lawyers and anyone else that would like to correct any of this.

1.  February was a conservative ship date.
2.  they would meet competitor pricing at ship time or offer equivalent compensation, or some such thing.  it's been such a long strange trip even I've forgotten what they've promised, but I know this ain't it
3.  They were two weeks ahead "last I heard" until shortly before delivery, at which point they had essentially nothing, hadn't hashed a hash or even taped out their ASIC.  They offered some cloud hashing BS as compensation.  Could not do anything more.  No way.  Too Broke (but we're working on a scrypt miner)
4.  Then it was May 1 delivery and an additional Th/s unit (but no power supply) and they continued to promise to keep the above promises with respect to $/Gh at shipping and there would be some surprise.
5.  Then oops our backplane doesn't work, but don't worry we're working day and night on this and will still meet our other promises.
6.  And here we are, a delay of ~4.5 months, which is longer than the time from when most people ordered to expected delivery and they have reneged on their other promises and, again, screwed people on compensation after telling them they were simply waiting to ship to update that portion of things.  Again, there's just nothing they can do (you  should believe us this time, although we were clearly full of crap last time)

but no, no lies here.  as far as I'm concerned this has been an obvious and concerted effort to string people along the entire time and they are now selling a unit that's worth about 3k to people for 6K, tossing in a minimal bone and calling it even.  that's utter bullshit.  fraud?  I dunno, you'll have to make your own judgements I suppose on whether or not this was an orchestrated attempt to keep the suckers onboard.  I know I'm filing complaints with every government agency I can find.

and for the couple/few nuthugging fools that were on here defending these people this entire time and berating those of us that were pointing this out all along as if we were paranoid tinfoil hat wearing assholes.  you are the biggest morons of them all.  

FTFY

Hello X-3, anybody home?  Anybody there?

It's lonely being the only multi terrahash miner on the block...

There is no proof he didn't nor is there any proof this is a scam, I am not delusional but do get off winding you fuckers up.  I always have. HAHAHAHA!

and my cat has been waiting and waiting and waiting.

Law of the People's Republic of China on the Protection of Consumer Rights and InterestsChapter VII Legal Responsibility

Article 40 Business operators shall, if the commodities and services they supply involve any of the following circumstances, bear civil liability in accordance with the provisions of the Law of the People's Republic of China on Product Quality and other relevant laws and regulations, except as otherwise provided in the present Law:

(1) there existing defects in the commodities;

(2) not possessing the properties for use they should possess and no declaration thereabout is made at the time of sale;

(3) not conforming to the standards indicated on the commodities or on the packaging thereof;

(4) not conforming to the state of quality indicated by the product description or by physical samples;

(5) producing commodities that have been formally declared by the State to be eliminated or selling commodities that are no longer effective or deteriorated;

(6) commodities sold being short of weight or quantity;

(7) contents and costs of services being not in conformity with the agreements;

8 - deliberately delaying or unreasonably refusing consumers' requests for repair, remanufacture, replacement, return of goods, makeup for the short commodities, return of payment for goods or services, or compensation for losses;

My story may be will sound stupid to many of you. But just want to share. I paid my order in January/2014.

Get the money as loan with high fees, because i tought that "Second week of March" is not so away...now i want to hit my head in the table, but its too late.

March passed, April come...had some letters with Kerim i think - he said its ok, we work, we are pressed, we...

...than later on i start to ask for refund. Fill the letter with the refund info and from 20.05 i wait my refund...

After 20.06 i start to ask what happen, because every month i pay the fkin fees of the loan - no answer. Mail after mail - NOONE...

Than today i saw a "nice" offer:

Antonio (Bitmine AG)

Dear Mr. Georgiev ,

as you may already be aware we are facing some difficulties to process all the refund requests we have received. With this e-mail we would like, first of all, to apologize for the delays you are facing and to thank you for the patience so far.

Given your position in the refunds processing queue and our cash-flow projections, your refund is expected to be processed about on the second half of October, 2014.

We understand this may be a long time to wait for, as such we would like to give you some alternative options that may be available in shorter time:

1) We may restore your order and send it to you with 100% more hashing power than the original order was. That is, if you ordered 1TH/s, you would get 2TH/s. Shipping would usually take place same day or day after we received confirmation from you, anyway not more than 5-7 days.

2) You may convert the amount we owe you (including the 10% penalty) into hosted mining contracts, which will be available from August 15th. More information is available at http://bitmine.ch/hosted-mining-plans-now-available-starting-1gh/

Let us know if you are interested in exploring either of the alternative options, otherwise we kindly ask you to bear some more patience until your refund is processed.

Best regards,

Thanks
for your interests in our products.

Danke für Ihr Interesse an unseren Produkten.

For any questions don't hesitate to contact us. In the meantime

Für Fragen sind wir jederzeit für Sie da.

Kind regards/MfG

Customer Service

Its ok, but when i send the money - there was other TERMS. Acorrding to the terms then i get the loan. With the terms NOW till Octomber i will pay and pay fees and...in short words. Ive never, ever, ever want to hear the word Bitcoin in my life. Also hope never to deal with Swiss Companyes. If this was happen in my country - till now there someone should be death.

I DONT want their hardware anymore, also i dont want service that will HELP me to pay the fees i want the money back to TURN the LOAN. This they cant and dont want to understand.

Ok, may be i am too emotional at the moment. One of the reasons is that i wait my forth kid in November. I need any money fo then but i cant save a shit because of the fees. Yeah I am pretty in mind that this is not problem of Bitmine, but mine. But they dont even read my emails, threat all of us as some kinda animals with standart replayes and always put the point how they are "pressed", "bussy" and so on. Yes but I, we are in the same situation everyone of us, because of their marketing plans and true lies.

The only thing that i can do now, and that left to be done is to write tons of emails to the places that you all recommend in the posts. Also thanks to zadehmehdi for the post. Till now i dont did it, because i believed that Bitmine will bet on their responsabilities according to their terms at the moment that deal was made. Now i see that will be more easy to recieve letter from my death Grandfather.

As i said i will writte to everywhere that you recommend, together will that will try in my freetime to register and share my experience in every forum connected somehow with Bitcoin. I dont want ANYONE to come in my situation. If everyone writte about this in lots of forums there will be good SEO for Bitime - Coincraft - Lies, and i believe they will be not able to lie people anymore.

Kind regards, and sorry that i cry on your sholder,

Nick