What are you hinting at? These are professionals!

Happy 600th!!...Sooo, wanna hear something cool??

I'm asking. No response.

I visited their new office (not the factory!! where Orama is) and was told that the chips are hashing and that the Jupiter should be above the specs of 400 GH/s.

There were a couple more tidbits of info that I guess may not be official or set in stone so for what it's worth it I will just say that I got a lot more relaxed after talking with them in person and getting that info (mail communication was not working).

I'm going to repeat this here before it get's lost.

My answer was "fruit".

Stop judging me.

Your chips are on the way to you already.

Thanks man!

Hey Community,

i paid my k16 with Paypal. What is the best way of getting a refund?
Pm me pls

If you paid via PayPal and want a refund...  LISTEN UP.

If you did not open a dispute within the 45 day window and you call PayPal... They will (9/10 times) deny you any kind of refund and say it's impossible as after 45 days their terms of service says they are not able to provide a refund.  That statement is sort of true.   If there are exceptional circumstances, PayPal WILL give you a full refund.

I got a refund from PayPal, today, for every order I placed  (If you ordered any TerraHash boards through me - you have been refunded too).

Here's how:

Call PayPal.  Get the fraud/dispute department.  Tell them you understand you are outside the 45 day window.  Tell them about TerraHash.  Tell them you and a lot of people online have been scammed by TerraHash.  Explain what TerraHash is doing and how they ave taken hundreds of thousands from PayPal users. shipped nothing, and will not reply to any contact attempts.  Ask to open a claim even if it's outside the 45 day window.   They may close your claim automatically, siding with TerraHash.  Call them back!

Especially mention the high dollar value.  Every time I dropped the amount of dollars that TerraHash took via PayPal they go get a supervisor.

If they refuse your refund, call again.  Talk to someone else.  Ask to talk to a supervisor.

If they refuse your refund, call again.  Talk to someone else.  Ask to talk to a supervisor.

I talked to a guy in the fraud department named Aaron, employee ID 45731.   He and his supervisor got my money back from TerraHash and he told me today, that he will do his best to help anyone else who can't get their money back from TerraHash.

So, PayPal tells you no?  Call again, get Aaron on the phone, tell him your story.  



If you are still within the 45 day dispute window.  Filing a dispute now will get you an extra 20 days of guaranteed refundability if TH doesn't ship, if not even more.  With no downside.   So on your 44th day, file a dispute.



TerraHash/Amir: You tried to fuck me.  The tables have now turned.

Do you think it would have been helpful to communicate a bit more sooner than this?

At this point, I'm thinking the 50% might be readily accepted by many, however it would be nice to open the books and explain how much you have on hand to liquidate and breakdown EXACTLY where the money went so all can make an informed decision.

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.

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.

Only took the regular 10 day "wait for response from seller" window from PayPal, but I got my refund today and I started process well outside of 45 day window.  While all these bullshit ASIC manufacturing companies come off looking like scam artists, I'm gonna give props to PayPal for refunding my TH and BFL orders.

Best of luck to those that paid via BTC or wire, hope you get yours back too eventually.