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Very interested to see where project goes. Wanted to thank MrTeal and team for doing such a solid job.
TH had scared me from getting anything but ASICminer. But your professionalism to work on a solid plan to get product parts, assembly, all the way to customers is refreshing to see. I'm definitely going to be running some numbers after batch 2 info is announced. You successfully did more then TH before even announcing your product to public, again thanks for keeping being a professional alive.
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I love my anker (and off brands of it). They look great in a row 10 up in air. But right now nothing competes with MCM as far as cost per port. Only thing is they are slow shipping, and amazon normally is out at decent price so have to do direct.
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I still prefer TURDHASH becuse they never produced SH*T. I think now Amir's info isn't being looked into and hes not being bugged by something, he will remain quiet. So props to those who did get under his skin and actually get a post.
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10/1/13 New lower prices on USB Miners!
Units Ordered Unit Price
1-13 0.1100 BTC
14-59 0.1085 BTC
60-99 0.1070 BTC
100+ Please PM me how many you want for a quote. Thank you!
Didn't you mention that 14 fit into the shipping box nicely? Ninja edit, quoted wrong post... He is very good at putting them in a box nicely. You can get much more then 14. Not sure what number triggers next box but it much higher. Have received multiple shipments always has been great on packing them neatly. |
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Yo what's up with this silence are you sending the refunds or not?
That is nothing new for them. They have every incentive to go slow. |
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Just checked my account. Status refunded. But I charged back on my credit card so it's legit. Check your Pay Pal account or however you paid.
No funds yet on my paypal. (#683) I was able to reopen a dispute last week (even if it is over 45 days). But today paypal closed it. When I called paypal , the dispute was closed because the seller didn't reply. And so they money stays with the terrahash. This is speaking from months ago so it could have changed. But their order system was set up where if there was a dispute it automatically showed on TH's order page refunded. Call paypal again, if it is truly closed and you won the dispute it took me 10-15 minutes on phone and they were able to put it in my account (and this was months ago so within the 45 days so could be off/and or changed). But i would try calling again. |
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Ok guys, here's the deal. Given the current conditions (rising difficulty, Avalon uncertainty, etc.), a lot of people who ordered chips from Avalon are willing to resell their chips at cost price. This was not true a month ago or so, when we made a deal to acquire two additional orders for a premium (We never bought those orders, but only made a deal to pay a premium once they had chips in hand). We have decided to scrap those deals and instead buy chip orders from people who want to get out by selling their order for the price they paid. We have got 3 offers so far. We will re-open pre-orders after buying these.
We will keep you posted on this development.
Also, all these 3 offers are for May orders.
Case and point. Lies. Lies. Lies. Now you're asking us to take a hair cut so that you can ride around in your Bentley? Use your house sales proceeds to pay your customers back. Your overhead+ SG&A is nowhere near half a million USD of the $1 Million you took it. We are not your suga huns. Stop trying to take us however you please. They have incentive to run slow at this point, and the incentive has been there for quiet a while. I would guess Amir is taking in salary everyday (and I still am curious how much he put as his salary but with private business unless comes out in court we will never know). Also the parts that can not be refunded has TH answered what will happen to these? They should be sold even at a loss to give more money back to all. (assuming they truly were bought... which no proof has been shown to quantity talked about) Think about this if TH truly has parts purchased and sitting somewhere (Assuming the next gen chip will work with them). They might be thinking about sitting on parts ... come out as new bushiness superhash 2.0 (or something) and attempt again with just chip costs, making massive profits. |
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I do agree about those posting all Amir's info, even though he is in my opinion a horrible business man.
I didn't see this part the first time I read your message, but let me state a couple things in response to that. All of the information posted is public information, and is published on government or publicly available websites. The information was meant to help people locate Amir or Justin in order to serve them papers since they did not leave any forwarding address, nor provide any means to contact them. When a business takes that much money from customers, and folds up shop with no known refunds given voluntarily to date, I think it's in the best interest of the entire community to know as much publicly available information as possible. I will also remove any information that I am requested to do so, if someone feels that it is inappropriate, or is not needed as long as TH provides information on how to reach them. I see lip service so far, actions are what people want to see. I agree it is just lip service it appears. And I wonder if Amir is taking salary as all this is going on. And also he did have a threat saying he is willing to defend his self..... so that is interesting. I wonder what he meant by it. The reason I agreed is personally I don't him to be able to look like a victim in a case. Clearly he was upset to see his info, which I don't think we were to surprised from considering how this was dealt with. But depending on what people do with this for will be the problem. I want those who take legal action to have one less hurdle. I don't its the info that will cause problems, but what it could lead to. If people are use it to call up neighbors, wife, wife's co-workers, etc. Sure it will make Amir's mad but will give him something in court to make him appear to be a victim. And I am still for the miner, I want you to get your money back. Even ones that have disagreed with me about TH I still don't want to see get screwed over more. |
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Some points to consider before accusing us of scam:
1. We stopped taking orders as soon as we had enough orders to account for the chips we ordered. If we were a scam, we would have continued taking orders and could have easily raised double the money we did.
2. We spent hundreds of thousands of dollars on components, heat sinks, cases, boards, cables. For people saying that its "only a few resistors", look at the BOM provided by BkkCoins. It says components cost around $23 for a K16. And this does not include the heat sinks (~$14), boards etc. For each K16, the components including the heat sink, board, power cables, etc. cost us around $45. And we were prepared to assemble around 5,000 K16s (for 80,000 chips). There goes $250,000. Why 80,000 chips? We had ordered 40,000 of our own and had at least 4 other parties who were going to get their boards assembled from us. But guess what? Tired of the delays from Yifu, they all ended up getting a refund from Avalon.
3. We spent so much time and effort trying to source the really hard to get components. You can go read the Klondike thread where everyone is discussing the shortage of the PICs, the IR3895s, and others. But we have all the components, we even overpaid to get some of them. Show me a scammer who would do that.
4. For the components that even we could not get, we invested a lot of time to search for alternates. For example, the Power Inductor 38L361C was not available anywhere, so we instead bought SPM10040T-R36M170. But the latter was not pin compatible with the former. So we ended up changing the circuit board. I will publish the updated KiCad files. Would a scammer go through all this trouble? Anyone with half a brain can answer this.
If we were a scam, we would have disappeared on June 20th.
Why going out of business?
I am really sick and tired of all the scam accusations. I appreciate all the negative criticism that the community does, resulting in catching scams in early stages in order to protect the newer members of the community. But baseless scam accusations from day one have taken their toll on our company. The FUD spread by a few members (along with the delay from Yifu) lead to a lot of refund requests. The result of which was that, if we continued with the project, we would have been left with inventory worth hundreds of thousands of dollars in our hands. And it would have been almost impossible to sell it at a price where we could even break even. Even if nobody asked for a refund, we would still have been left with about $125,000 worth of useless components (read point 4 above). But with about half of our customers asking for a refund, we would be stuck with another $350,000 worth of inventory that we couldn't have sold for more than $150,000, putting us under red for over $300,000. I am sorry, but I am not running a charity. It made much more sense to ask for a refund from Yifu and pay back as much as possible, without going into debt.
Why only a 50% refund?
With people who paid with PayPal taking a 100% refund, it leaves a lesser share for everyone else. I am sorry, but that's how it is. We do not want to be owing hundreds of thousands to PayPal. Also, with some customers contacting our bank with fraud accusations, Chase has shut down our bank accounts. In my opinion they were just looking for an excuse. They have already contacted us in the past, asking for more information about our business, just because we were a "Bitcoin related business."
Patience is a virtue
Now, you can either be content with the turnout of the whole fiasco and stop attacking me personally, and wait for your refunds. Or, you continue accusing me of being a scammer, and continue publishing my addresses publicly and tarnishing my image. Its up to you. Some of you have already done a lot of irreparable damage, not just to me but to all the TerraHash customers. And please remember, that there is only so much that I can take. If pushed into a corner, I will defend myself.
Post pictures of all these components. You claim hundreds of thousands of dollars in components.... if these cannot be returned are you just keeping these? You should be selling even at loss and giving money to those who you still owe cash. Also you are a horrible business. You were the worst company I have ever dealt with on customer service. Your periods of quietness did not ever add up. You should have seen these problems long ago and changed direction, don't blame anyone else for your failure. I think it is safe to say this will be your last time working in bitcoin industry. I do agree about those posting all Amir's info, even though he is in my opinion a horrible business man. And in my opinion took salary far longer then anyone should have in this situation (again just a guess), are you still taking salary Amir? But you should go after him in court if you do, your lawyer will have much better info then what will get posted here. All the posting his info in public sadly will give him a excuse of saying he was harassed, etc in court. And that is just a guess that many of you will end up in court with TH. (But to those of you who did that.... it does show you did find something that got to him and that is rare it has seemed) |
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So is anybody still unconvinced that this is not a scam?
Lol i was convinced when they could not put hardware together and missing deadlines within my days of refunds of papal. They were salesmen with no r&d, production, prototyping, customer-service, and so much more. They had to know when they could not meet first deadline and kept quiet, then released eventually a prototype hashing slow with hardware errors. btceic i still give you huge credit taking crap, and always saying logical things about TH. Some will say you were trolling, but honestly people i hope see now TH did not add up no matter what logic you used. If they would have switched directions when hitting road bumps they could have made it. But instead they were quiet. And people vouched for them and some unfortunately took them for their word. Knight where are you!!!! The following is my opinion and I'm not a lawyer and cannot prove or disapprove anything. I am not passing this as liable/slander. It is meant as only suggestion for thought (I make many stupid statements this could be one of them when coming up on it my mind was thinking about porn)... ok now that i have said that so i dont get my ass sued. If you have a lawyer you might have them look into Knight, he verified chip shipments. He i believe said he saw Amir log into 1 account and saw all the chip orders...... 20k i believe they never did purchase.... So if you can find Knight.... maybe you have something good there maybe not. Food for thought. Notlist.... You really should lay off of the porn. What an idiot. Number one: TERRAHASH PURCHASED 40K CHIPS! THE ADDITIONAL 20K THEY CLAIMED TO HAVE BOUGHT, BUT DID NOT, WAS IN ADDITION TO THE 40K! I verified it and documented it. Everything I did was in good faith. I am not liable for anything in this debacle you idiot. In addition, I changed my feelings about Terrahash when it became apparent that they were not following through with their promises in early September. In the past month, you have quoted me from July and August, which is foolish. Isn't anyone entitled to change their opinion? Oh, not when you are a dealing with a child living in their parent's basement. Things have changed with Terrahash, that is clear. I made it clear that I was not happy with them. I even advised the board against trusting in any "Gen2" avalon crap. I'm not liable for anything. I didn't tell you to make your purchase back in June. I asked everyone to think clearly and not refund back in late July/Early August. During that time frame, I thought TH was legitimate, and I think they were working in good faith during that time. I changed my mind when TH did not show any logical business sense when Bitsyncom failed to deliver. I still don't think that TH was a scam. They have made bad business decisions and are becoming a scam by default. They could have handled this differently and possibly come out ahead, but they did not. So here we are.. If TH refunds 50% of our purchases, that will verify that they got their 40K chips orders refunded from Bitsyncom. They are claiming to refund all of us with BTC, which would indicate that they are planning on getting a lot of BTC. 3128 BTC is worth $437,900 at the moment. That would certainly get close to refunding 50% of the orders. I have dozens of close friends that are judges, and more contacts in law than you can fathom. It's my background. Advising people here to send their lawyers after me would be an exercise in futility and would waste their money. I clearly was acting in good faith when I reported what I found out by visiting TH. I did not gain anything from my trips. In regards to my "SPECIAL DEAL TO PICK UP MY BOARDS AT THEIR OFFICE WHEN READY", that was a delivery option when we bought our boards! I live 3 hours away and figured I could save money by picking them up. It was an option you could select when making a purchase. Not some special arrangement I made with them behind the scenes. You are now the first person I am placing on Ignore. What a waste of oxygen... Bar has things well in hand in this thread. He and I are in discussions outside the board. I am working to recoup my losses. Staying away from this thread helps my blood pressure. Well take a blood pressure pill.... your good faith seeing them log into a account with these orders could be considered worth looking into. All I am saying is if it might be worth bringing to a lawyer (if you are having to sue for losses) seeing very few if any others got to see them actually log in and see chip orders. Did any other member see or verify them log into a account with orders? Again could be nothing. I don't know you, I know i sure was not there at their offices. As i stated was a opinion and meant for thought for those having to seek legal action. I am not a lawyer or wanting to be one. I just mentioned if they have a lawyer might be worth looking at, in no way did i say to send their lawyers after you. If you think after lawyers look into you verifying their order there is liable or them coming for you in suit.... that is a assumption you are making. I did not say that, just put ideas good or bad out there. |
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So is anybody still unconvinced that this is not a scam?
Lol i was convinced when they could not put hardware together and missing deadlines within my days of refunds of papal. They were salesmen with no r&d, production, prototyping, customer-service, and so much more. They had to know when they could not meet first deadline and kept quiet, then released eventually a prototype hashing slow with hardware errors. btceic i still give you huge credit taking crap, and always saying logical things about TH. Some will say you were trolling, but honestly people i hope see now TH did not add up no matter what logic you used. If they would have switched directions when hitting road bumps they could have made it. But instead they were quiet. And people vouched for them and some unfortunately took them for their word. Knight where are you!!!! The following is my opinion and I'm not a lawyer and cannot prove or disapprove anything. I am not passing this as liable/slander. It is meant as only suggestion for thought (I make many stupid statements this could be one of them when coming up on it my mind was thinking about porn)... ok now that i have said that so i dont get my ass sued. If you have a lawyer you might have them look into Knight, he verified chip shipments. He i believe said he saw Amir log into 1 account and saw all the chip orders...... 20k i believe they never did purchase.... So if you can find Knight.... maybe you have something good there maybe not. Food for thought. |
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Its sad to see it all happening as i thought it would. Where are you knight!!!
On a side note if you are seeking a suit against TH do not count on forums to get info to serve Amir. Your lawyer hopefully (and normally) has someone who is able to get a lot better info.....
The one i knew was not cheap.... but i would hope your lawyer is using someone.
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Still calling us trolls who tried to help people from long ago saying TH was going wrong way.
Did you lawyer tell you to delete all your posts supporting TH, or was it a personal decision?
Relax buddy, You sound like a broken record buddy. As I said already, all of you past trolling being correct only means everyone that paid via Wire and BTC go screwed over (Not sure if I'd gloat about being "right" like Atomic is trying to do) Why would I continue to post here if I was told to delete my past posts. Use some common sense. My sole purpose for deleting my posts here and everywhere else besides one thread was just to make you guys go crazy trying to figure out why. As stated before, Mission Accomplished. Great Success! The posts you deleted supported TH... common sense tells us either you or lawyer does not want it there. Either way same in the end. And yes my record stuck months back at get a refund. I'm not happy to be right about TH and so many losing money. The ones that end up suing will sadly i think see a fraction of what they paid. |
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Even if you don't like btceic ..... you have to admit he was right.
Like hell I do. His position has been all along that this was a scam. (i.e. they never had any intention of delivering) Which makes him 100% wrong. Yifu is 90% responsible for the failure of this endeavor. Plain and simple. I lay the other 10% at Terrahash feet for being fuckheads for not being smart enough to communicate with their customers on a very regular basis. Good, honest, regular communication would have salvaged their reputation. However I believe culturally and educationally they were never up for the task. All these companies are formed and run by people who have NO business dealing with the public. Amir, Josh, Yifu all fall in the same basket of socially inept, non-customer focused boobs. None of those named above have ANY business running a business. Period. Every Steve Wozniak, needs a Steve Jobs. TH was never prepared to build even if they did receive chips. Not to mention the chip order that knight verified that disappeared magically. It appears they were a company of salesmen. With proper planning TH should have changed plans long ago. I mean what did they do every day in office, sit there and not realize problems? Anyone who used PayPal, and creditcards if they listened to people like btceic would have 100 percent refund long ago. |
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You seem off your game today Atomic,
Must be getting pretty drained by all of these shenanigans you seem to be going on about.
I don't envy you, it's hard out there for trolls today. The constant upkeep has to be taking its toll.
Are we still on for that Skype Session? You get to finally talk to the guy that's running you ragged.
Dood, stop hitting on atomic. Take it to PM, pl0x. Crumbs baby, I told you I'm just not that into you. Take a clue and move on. - Untruly yours
BargraphicsAnd if he was into you.... he would give you support for months then delete it in one day. |
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Alright, so who is organizing legal action against these assholes? I want in.
Don't count on others to do it. What way did you pay? Fucking bitcoin. ::idiot:: Hey Flowdab, you can contact me via PM if you'd like to learn more about the legal action. At the very least I'll be able to set you in the right direction if you decided to go down that route yourself. Don't get upset with these trolls, they mean well but they still have a hard time understanding that everyone that already had an easily available way of getting back their money already took that route. While it seems obvious to us, it doesn't seem so much to them. Still calling us trolls who tried to help people from long ago saying TH was going wrong way. Did you lawyer tell you to delete all your posts supporting TH, or was it a personal decision? |
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Alright, so who is organizing legal action against these assholes? I want in.
Don't count on others to do it. What way did you pay? Fucking bitcoin. ::idiot:: Sorry to hear that man. If it was a little i would count it as a loss....  sad to say and move on. Hopefully not but if it was a lot I would get a lawyer quickly. If the lawyer allows you please post what they think as far as bitcoins. I just don't know how legal action will work with bitcoins involved. |
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Alright, so who is organizing legal action against these assholes? I want in.
Don't count on others to do it. What way did you pay? |
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With Bargraphic's recent apology, I think we want to make sure he doesn't regret deleting all his messages here, so here's all his messages up until August in this thread. If Google cache ever changes, I have them available for anyone interested. To not overwhelm everyone, I'll post his August / September messages in a separate message. Who gives a shit. I am still a Bar fan, and wouldn't piss on btceic if he was on fire, unless I had just drank a gallon of Premium unleaded. I am sure TH is smiling watching all the infighting as it takes the focus off of them, Get refocused and let's grow up. Have a nice day. Even if you don't like btceic ..... you have to admit he was right. Granted I am a fan of his as he always spoke his mind. And I'm disappointed in bar deleting so many posts. TH has been smiling whole time.... they are taking home salary as we speak.... they will smile until its officially dissolved as a company. Then it will be interesting to see what Amir does as far as work. |
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It's clear now that Terrahash are engaging in dishonest business practices. If they were not, they would be happy to refund customers who are no longer willing to wait. We get they had Avalon issues, but this is no excuse for not refunding customers as required by the law. They continue to not only ignore refund requests (against the law), but nearly any and all communications have virtually ceased via email, phone, their own support contact system on the website, in addition they have broken nearly every single promise to date, and continue to lie to the community about who they are, what the are doing and when their own customers can see any type of resolution. It turns out anyone can file a complaint with the FTC, not just US based customers. Terrahash could be liable for a fine of $16,000 for each violation (see https://bitcointalk.org/index.php?topic=279330.0) File a complaint right now at https://www.ftccomplaintassistant.gov/ - Many people already have filed complaints over the last few days and weeks. The FTC uses statistical analysis to detect fraud and helps them decide who to devote time prosecuting. Let's pull out the big guns. This will either turn Terrahash into an honest company and provide remedy to their customers, or make them face the consequences. We need complaints in numbers, so if you have been ripped off or treated badly, we need you. Terrahash are sullying the reputation of Bitcoin. We must all stick together and help clean this mess up. Report your dissatisfaction to the the US Federal Trade Commission today at https://www.ftccomplaintassistant.gov/ and help the entire bitcoin community. It is a Inc. with deciding to close it chances are Amir could care less on fines. TH is its own legal entity assuming set up right. They can owe millions in fines.... but if corporation is closed you cant get money out of something dried out. There will no doubt be some money left and will be separated by creditors and those who sue. But at end of day Amir is sitting back still getting paid a salary chances are right now. Knight where are you!!!! The one of few people to meet Amir. And also who somehow managed to see Amir to log into one account and see 40k chip orders.... yet 20k just went poof! I still (and this is my personal opinion) wonder if he something with TH. We do know he had a special deal to pick up boards he talked about..... was there anything else? Who knows. You may be incorrect on your assumptions or previous knowledge, http://www.law360.com/articles/398949/ftc-says-telemarketer-s-ch-11-is-sham-to-avoid-113m-fineLaw360, New York (December 05, 2012, 9:39 PM ET) -- The Federal Trade Commission on Tuesday urged a federal court to dismiss a get-rich-quick real estate business owner's Chapter 11 case, agreeing with a U.S. trustee that the California man filed in bad faith to avoid paying the agency $113 million in fines. I will try and find the full article. TH will go away completely its like 1.5kish or less depending to dissolve a Inc. They are not declaring chapter 11..... the company will go poof! So sadly unless Amir set up Inc. wrong or broke some mingling of personal and business assets he will most likely never feel any hurt from it. Even if they dissolve, run off to Poland, or whatever. The money is in the banks and will go to their creditors and those who paid for a product they didn't receive. I don't know about the Bitcoin but I'm sure their is probably a way to recover it also. Bitcoin is its own beast on this i don't know what will happen on it, it was large scale but will be interesting to see a US case on it. But again TH is its own legal entity not if but WHEN they dissolve, Amir does not have to move to poland.... The creditors get a piece of what is owed. It all depends on how much money TH and assets, which since private Inc we have no idea on. I wish everyone the best on getting money back but unless you get PayPal, Bank, Creditcard, etc to refund chances of seeing full money are very slim. Sad fact is those who have to sue most likely will see small amount spent. |
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