Remember when KnC advertised Q1/Q2 for Netpunes? I'll happily take this 10-day window over that.
Take a look at BFL. Day 1 Monarch orders were 47 weeks ago! |
|
|
|
If you look at the paragraph above the one you quoted The Rule requires that when you advertise merchandise, you must have a reasonable basis for stating or implying that you can ship within a certain time. If you make no shipment statement, you must have a reasonable basis for believing that you can ship within 30 days. That is why direct marketers sometimes call this the "30-day Rule." It appears that the 30 day rule only goes into effect if no statement is made as to when the product would ship. Do you honestly believe it's legal that if you promise to ship "someday" you can hold customer funds forever and never give a refund? |
|
|
|
From the Checkout page on the BFL website: accept the terms of the sale outlined on the product page and understand that all sales are final. This is a pre-order. Production and delivery of my order may take 3 months or more. Please note the "or more" part of the terms. As much as I dislike BFL and think that it is a horrible idea to pay for preorders as BFL's customers do, it appears that they are at least somewhat covered by not giving a hard upper bound timeframe as to when the machines will be ready and delivered. Fortunately there are laws against such tactics. It is not legal to never deliver a product nor a refund. http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-ruleIf, after taking the customer’s order, you learn that you cannot ship within the time you stated or within 30 days, you must seek the customer’s consent to the delayed shipment. If you cannot obtain the customer’s consent to the delay -- either because it is not a situation in which you are permitted to treat the customer’s silence as consent and the customer has not expressly consented to the delay, or because the customer has expressly refused to consent -- you must, without being asked, promptly refund all the money the customer paid you for the unshipped merchandise.
"or more" is not a certain time frame, and thus the 30-day rule comes into effect. |
|
|
|
And since its been established they have an office there.....what is the point of discussing this?
To point out just one more of their many lies. We don't know anything about masons.
|
|
|
|
Then, why all this talk about hosting miners in WA. Any state, except NY and CA would do. It is either important or non-important, but it cannot be important enough for the hosting company (to be in WA) and non-important for customers. It does not make sense.
It's a distraction. They hope that by quoting low electric rates you'll assume their hosting rates are also low. |
|
|
|
 Clearly obvious that the Masonic Lodge is on York rd. This discussion about them setting up shop in there is retarded on alot of levels and stinks of tinfoil hat conspiracy theory....should we get Alex Jones in on this? In fact riks comments on unicorns hashig has more validity at this point. Anyone with a pair of eyes can see this from this map. Look it up yourself. Nice map. Now mark where you think "430 Johnson St" is. Is it on the side of Johnson street with 437 Johnson St, or on the other side (where the rear of the masonic lodge is)? Hey, AMT, where on that map is your office located? |
|
|
|
Perhaps, to KnC management it looked like a betrayal and sophisticated hedging strategies, but I think it was quite simple-just math.
They shouldn't have promised Q1/Q2 shipping. They lied about shipping in Q1, and rightly people refunded when they failed to meet it. |
|
|
|
Nice to see it too after mining at 1.3Th for so long! Each miner has a dedicated 20 A circuit. House wiring and ext cables are all 12 gauge, but the PSU cables are 14 gauge (slightly thinner). Those cables were made for disk enclosures and thicker than your normal 16 gauge computer cables. Power draw at the wall is around 1450 W.
Is it safe? If not I can bump it back down to 1.3 TH.
20 amp circuit should be run at max 80% draw, so 16 amps * 115 volts = 1840 watts max. |
|
|
|
10 months ago the most powerful ASIC miners were producing 15-50 Ghs and consuming same power as todays 1-5 Ths ASIC miners. Its not hard to imagine that in 10 months we'll be talking about 100-200 Ths miners that will consume the same power of today.
10 months ago Bitfurys did 400 GH/s at 350 watts. The new S3 does 500 GH/s at 400 watts. Your ideas are so far from the facts it's laughable. |
|
|
|
Are the miners shipping now? Didn't you say they would ship by Friday AMT?
Production Update:
3. Shipping for all clients is due to be completed by Friday.
Anyone wanna take a bet on whether AMT shipped all of them as promised?  |
|
|
|
|
Rik's return was delivered last friday. They promised to send out replacements immediately, so I'm sure rik has his new miner by now. How about it rik? How's the new miner?
|
|
|
|
Plus, you have to look at top end vs bottom. If a thousand miners bought in at 1gh. They can buy a single Dragon Miner to mine that at 1.1watt to the gh now. Then, later, they can put all 1000 people on an Imperial Monarch and pay 0.45 watts per gh.
Only if they buy additional hardware. But they already spent the income on the current hardware and power. New income from new customers is required to keep the ponzi alive. But all evidence points to them not having any hardware, so their hardware and energy costs are all $0. |
|
|
|
the 18% diff jump should be correct over long term.
Only for a few more months. 6-12 months out, we'll be seeing under 18% jumps regularly. |
|
|
|
Not true... Many of us mined around 50 coin per Jupiter... just so you know....
And it cost, what, 60 coins? ... and Yifu Guo was no angel. There were a lucky few who got Avalons early, but make no mistake,
Avalon is just as guilty(or more) when it comes to orders which were delivered late.
Most of batch-1 that was a big winner. Batch-2 was a toss up. Everything after that was a disaster. |
|
|
|
BFL set up their own non-profit entity purely for the sake of receiving this 1000 coins.
You give BFL entirely too much credit. Bitcoindf.org has absolutely no charity/non-profit status whatsoever. It is owned and operated by BFL. |
|
|
|
Oh yes, like they squashed marijuana. Nipped it in the bud, so to speak.
Anyhow, that ship has already sailed. There is no effective way to prevent p2p use of encrypted transaction overlay networks with untraceable transactions.
And why would they want to? Bitcoin is just another revenue stream for them. They'll just tax it. |
|
|
|
Bitcoin ... struggles with being a platform for wealth transfer.
Too bad transferring bitcoins is so hard. I was going to transfer 100 BTC of my wealth to you. No matter, I'll visit NewEgg instead. |
|
|
|
If these units were only $50 cheaper, then the cost of 2 units plus a decent power supply (est. $150) and free power would mean a possible fiat ROI in a couple hundred days and maybe a small profit in 12 months. This is with the coinish calculator, 1.2% per day difficulty rise, 1% pool fee, and 30 day delivery (because these things never ship on time).
Too pessimistic. With free power these will easily break even and make a nice profit. |
|
|
|
These great miners are still available !
Of course they are. They're horribly overpriced! |
|
|
|
|
Show Posts
