I haven't read the last 5-6 pages yet but the one thing I keep thinking about is people who want a refund, BA will try and get someone to take over their pre-order. I feel this is the perfect attack to get people to scramble for a refund so these jokers can buy up as many batch 1 miners as they can. Again, this is speculation but it seems like they're trolling pretty hard.
I do not have an order, but I do have shares of a group buy. You are more than welcome to take them over at the original price. (It is a relatively small amount of money.) If you aren't interested in doing that, than how about you shut the fuck up with this ridiculous theory that everything is just fine and people pointing out the problems with this shady situation are "trolling" and trying to trick their way into a great deal. The "great deal" is available to you right this very second. Do you want it or not? |
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Also, who will be paying you in event minions are launched?
I'm sorry you feel that way. I do not have those answers. Note: not answered. We need to find out, else legal enforcement will be next to impossible. Enforcement will be what it will be, you can't wish it into being something else. The lack of transparency so far is telling though. |
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Could you (or anyone from USA who has ordered before) expand on this a bit? Does that mean that when the package arrives in the US I will need to go pick it up somewhere to pay the fee? How exactly does it work?
I've ordered on a few of sushi's group buys before. Delivery in the US (west coast) has been extremely fast every time -- 1-2 days from shipment, in one case I think actual delivery was before the original promised ship date! No customs charge. Could not be happier with the service provided. |
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how did you work out the inflation rate for each coin?
thats just simple math; coins produced per day * coin value The inflation rate is even simpler than that, it is just coins produced divided by coins outstanding. You don't even need to know the value. |
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Also, who will be paying you in event minions are launched?
I'm sorry you feel that way. I do not have those answers. Note: not answered. |
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Hopefully. I switched about 4 days ago from Middlecoin, just when the bad luck streak started... So far I get only 25% of what I get at Middlecoin on average. I'm gonna try a few more days, hopefully it'll get better. I do like that waffle has more transparency & better communication.
Wasn't just bad luck, there were some malfunctions. Hopefully fixed now! |
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CoinTerra is offering compensation to early adopters of its latest TerraMiner IV mining rigs, based on the GoldStrike I ASIC.
All customers who ordered the first batch of TerraMiner IV units, scheduled to ship in December, will now receive a second rig, free of charge.
Is this us? |
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"and it is foolish to assume we know everything there is to know about the situation" I doubt anyones making that assumption. But most of the 'fog' in our understanding is in what's happened down at BA.
a) Have they really built something? anyone even seen a working model?
b) Are they being honest about the delay or indeed honest full stop?
c) Have they been mining for themselves?
d) Has the pre-order money all been used in design/fabrication? can they prove that?
e) Can they make this right? (More kit or refunds)
Let's just let bobsag clear some of these questions up before we all go off on hissy fits...
I have some additional questions for the DZ folks (and by which I include any related parties or businesses): a) How much did you actually pay for the miners? Was there a markup/commission/etc. or other compensation from BA for you (equipment, rebates, discounts, etc.) b) What is the relationship between DZ and its principals (and related businesses) and BA? Are you just buying miners from them or do you have any ownership or other beneficial interest in BA? c) Can you demonstrate clearly (say by an independent audit) that all of the coins I sent to you were actually sent to BA? It may be that BA is fully to blame, no others did anything wrong, and that there are in fact no coins left that can be refunded. But until that is clearly demonstrated, I only know to whom I actually sent the coins. It is up to that party to demonstrate to me they are entirely blameless for the loss, or just give my coins back one way or another (which might be the best resolution for all concerned). |
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If we can organize a list of questions, I can try getting answers.
I'm personally not interested in the name game, that's just distraction trolling that I'd expect from someone who's been spending too much time on 4chan but lacks their style and panache. If you want to resolve the vapourware concerns you could ask BAS to get Global Foundries to issue a brief press release to confirm the works they're underway with for BAS (I'm assuming GF can't do this without BAS permission, commercial sensitivity etc, but if they come to an agreement I can't see it being a problem). The second point would be replacing the lost GHS, I'd refer to my earlier post. Something like 100% of the hash rate for the same duration as the delay, or 50% hash rate for 2x the delay.. or so on. This would be my ideal solution. Please have a think & chat and get back to us. Cheers (From another Matt!) I just wanted to say that this all seems like a very sensible solution. There is very little that can make up for the difficulty increase over time, but 100% of the hashrate for the same duration of the delay will show that BAS is willing to suffer with their customers and provides some assurance that BAS will do whatever they can to limit further delays. 100% for the duration of the delay starting when. Starting at (or close to) the promised delivery date is a good offer. Starting "whenever" is a worthless offer. |
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a) If anyone has acted in bad faith here it's BA not the DZMC.
b) There is no money to get back from the DZMC so it's a futile argument on liability.
c) DZMC may have been careless or at worst incompetent in including a money back promise they couldn't honour, that does not PROVE any intent to defraud.
These things may all be true or they may not. It seems unless there is a better resolution, my shares have become essentially worthless, and I'm not going to just blindly adopt the interpretation of the facts that happens to be most favorable to those to whom I sent money, who promised me a refunds (less 1.5% "restocking fee") and stand to gave me nothing or next to nothing in return. Something clearly went wrong, $500K or so went poof, and it is foolish to assume we know everything there is to know about the situation. We'll see how it works out. |
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Nice block right there (fingers crossed for no orphan):
dogecoin 2014-02-04 16:32:34 adb1427e01d948aa98460a2195853aec35fc8545744d55090f1ef9e9bcaffdbd 935,871.17228073 immature
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Would like to see where THAT law is written.
It is simple contract law. Somebody doing business as "DZ miners cooperative" and posting under the name thomas_s made an offer which included a refund provision, I relied on that provision in accepting the offer, and if I am denied a refund, a contract has been breached. Whether there is a breach of contract if the refund provision is not honored is not open to question. If anything the rather absurd statement that "OP applies to R16, not R17" demonstrates what some other poster described as "bad faith" (hopefully it in fact only demonstrates a brief moment of poor judgement at a stressful time -- we can hope). If it comes to that, it will be up to this alleged DZMC entity and "thomas_s" to demonstrate that he/she/it/they are not liable for damages incurred by me under breach of contract or that he/she/it/they are insolvent and can't pay those damages. Maybe he/she/it/they can do so, or maybe not. Or maybe just honoring the promised refund offer will be cheaper and easier for everyone concerned. That is my hope. I doubt the claim that "we are all DZMC" will hold water when we are all entitled to refunds, which it stands to reason would dissolve our interest in any coop (if said coop even exists in more than name only). |
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This is correct. Imagine that BTC crashes back down $1 tomorrow. People who buy miners now will do much better than (in BTC terms) people who just bought BTC and held on to it.
I don't understand your logic on that statement. If BTC crashes to $1 then the people that bought miners wont be able to cover their power costs and they will most likely switch them off, they will have less BTC than if they had not bough the miner. Until the difficulty drops... |
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If you receive your miner and btc rate stays constant there would be little incentive for people to pour money in to new hardware or at least as quickly as expected. This could mean difficulty is much less than predicted and everyone reaches roi.
This is correct. Imagine that BTC crashes back down $1 tomorrow. People who buy miners now will do much better than (in BTC terms) people who just bought BTC and held on to it. The problem with the pure ROI argument is that it confuses prospective returns with retrospective returns. Just because you bought something and it didn't ROI doesn't mean it was necessarily a bad investment (and likewise if you did ROI, it wasn't necessarily a good investment). You have to consider the sum of all possible outcomes, not just the one that actually happened (or even the one that you expect to happen). |
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once all bitcoins are mined out
In 2140? Might not have to take all of them, actually. I should have said instead "once enough bitcoins are mined out to make further mining too troublesome for most existing miners". Even at that, its going to be a while. Two more years just for the next reward halving, and 12.5 BTC is nothing to sneeze at. And four more years each time thereafter. We should be pretty safe for the next decade or two. Many of the altcoins with their ridiculous instamine schedules are in much worse shape. |
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once all bitcoins are mined out
In 2140? |
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Read on, Lloydie, you're not even at the end of the conversation. You missed the post where the mod neatly negates the person you're ostensibly supporting then your champion flounders by trying to cherry-pick parts of my comments. Did I forget to mention you're an asshat?  Run along now, let's hear something that resembles a paragraph of original thought when you next post. I have to say that my post about you and the dead philosophers still makes me smile, especially as it only seems to have now dawned on you that you are the about-to-be-scammed, the scammed and the scammee. You didn't know you were more than just an asshat, did you?  I know there is a good chance I've been scammed. The sick part are wankers like you and PG doing the I told you so's, asking for 10 Btc for info, producing "satire", and you "philosophy". Thanks but seriously get a fucking life. Be witty with your meaningless bullshit somewhere else. We do not thank you. We say Fuck Off to you with a middle finger. Make that one arm over the other with a raised fist. I find you both incredibly entertaining. Don't change a thing. |
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The hardware they purchased is vaporware Not all of it no. After that the difficulty makes sure that you won't be making anything of reasonable value False in general. True in some cases. any coins generated from then onwards are hoarded. I guess we'll see. If there is a lot of hoarding, the price will go up. |
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Switcher and/or stats page seems to be broken again.
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