Email sent about ordering some boards a few days ago.  Watching thread while waiting for a reply.

I just got an invoice from, "Bitmine Tech" but it was from Mike@bitmaintech.com.  All it says is "confirmation 18XX."  There was also an attachment that is a .jar file.  Is this possibly a virus because my email address was sold to someone?

Well...it doesn't seem like many people realize what it is, myself included, so this could be all wrong.  But to me, it sounds like they have some hardware (much like cex.io does) and they sell you the output of the hardware (a certain amount of mining power).  But, they can change out the hardware in the future with more cost efficient hardware, and in turn, pass the power savings onto you.  You could also change to different hardware possibly and mine a different algo.

They seem to be trying to package the hashlet as a brand new piece of hardware, but I am not thinking it is.  They probably just have a couple of large data centers with a lot of hardware in them and then they sell it to you and can switch out new machines in the future once they are invented.

Not necessarily double fees.  If we buy hashlets then the hosting fee will be a lot less than what we are paying cryptx.  It's an easy comp out for them as they don't have to really do anything in terms of setup and what not, but it would increase weekly payouts as we would have less hosting fees, we would have zenpool which somehow is making more than other multipools, and we would benefit from having coins stored with them and gaining interest on deposits.  Overall its a win win for us to go with them.  And, assuming that they hashlet can be adapted and changed in the future with either new hardware or to a new algorithm, it would increase the overall longevity of this asset.

Now the only downside is whether or not GawMiners is a scam.  There is lots of evidence going both ways, but I would hope cryptx would do some diligence before blindly investing that sum of btc.

Will you pay back the balance owed to me from coinlenders and the sig campaign?

Coinlenders
10.68 * (200/504) = 4.238 btc

Sig Campaign
0.4 * (200/504) = 0.1587 btc

Payment address
17yaTRuNLRK5HYCbN3KfB6RhQGdrsz2Brp

From the very very beginning

I am interested and watching the thread.  There are some questions I have and obviously the business plan needs some development.  But I am in the Kansas City area, which isn't that far, and could even help out when/if needed with boots on the ground.

The first thing I thought of is timeline.  Let's say a great business model is developed and funds are collected, what is an appropriate time frame to build the whole facility and start populating it?

With that kind of power draw, doing a franchising may be worth it.  Take a look at Bitfury's new model, seems to be a bit better than Friedcat's offer and could be lucrative.

You seem to have a better idea of what would be necessary to build this than I do, but I do work at a large engineering/construction firm who just acquired a solar company and I would be happy to ask some of the engineers on quotes of a project this size if you would like?

I would of course be interested as getting at cost power is what I need right now.  Would love to buy more machines, but am limited in space on where to put them, and asking on craigslist for people to run 1 or 2 miners in their homes for me for a fee is not very appealing to me.  So I am interested and will watch and comment as this project evolves.

Good Luck.

EDIT:  I am also wondering really what the plan is on this.  Will the investors own a piece of the business?  Will dividends be paid out on profits from other hosted gear or by investing are we just getting a place to get at cost power and don't actually own any part of it?

They already are. It says right on their website to contact them for a price.  They are selling pre taped out scrypt ASICS.  What a joke!

People, look at the scrypt scene.  The hashrate is exploding with all the new ASICS coming on the market.  They have marginally better power numbers for miners claiming to be out in December, than whats available today.  By the time they actually ship, these will be as worthless as their other product lines.

By the way, there is no way to actually contact them.  Clicking the blue link on the product page just reloads the page.  And going to their contact us doesn't have an option for scrypt.  Real professional launch of your new product BA.

Bobsag, are you going to be selling preorders for these scrypt miners?

Hopefully everyone remembers what has happened since the, "tape out" of the SHA-256 chip.  Remember how they were on track all the while for February delivery.  Then, with only a month left until shipping, decided to break the news that tape out hadn't even happened yet, although before claiming that they were still on track?

Remember how they said how quick of a process it would be once the chips were received, and now, months later, they have barely made a dent in their shipping queue?

Remember how they have said multiple lies on various subjects and continue to lie and defraud customers by mining with customer equipment?

If you order a scrypt miner from BA, I can guarantee 95% that it will not be available in December.  I will have no remorse for you and your lost money, and instead will laugh at you because you are obviously ignorant.  If you even think about ordering from a company that will not release the full chip specs, you deserve to lose your money!

They still haven't released their specs of the SHA-256 chip yet.  Bobsag had to do that, and they never commented on those stats or about the chip frequency.

Also remember how they completely missed their power targets between tape out and final chip production.  They also completely missed on almost every other aspect of the miner, or they have been self mining and have been lying about messing things up, either way do you want to do business with a lying company or an incompetent one?  Come to think of it, they lied and are incompetent.

I am willing to put up 1 btc into a trusted escrow against BA that a functioning scrypt miner will not be shipped by the end of December from them.  The chip must meet power specs and hashrate by shipping time as well, which means they must disclose this information to me for the bet to be valid.  If they are unwilling to take this bet, they obviously do not stand behind their product and are just trying to steal more from the community.

BA, you have really learned from BFL and have overtaken them on many regards.  It is time to die, you have lost too much reputation and are too scumy to continue operations.  Pack it up and die you sons of bitches.

Because they are a giant scam and know there products are worthless now which is why they would rather illegally refuse your refund and instead opt to send you their out of date crap.

As to what you can do, start complaining to government bodies, there is a thread somewhere that has the pertinent bodies to address complaints to, and hope they do something.

Good point and thank you for pointing out something I had not previously considered. 

For now, I have put out the information I have to warn others (although I am sure he has moved on to something else). 

Could you explain the reasoning behind posting that picture?

EDIT:  OOPS, didn't put BA down in this post, BA sucks and are scum...There I feel better.

Ebay told me to ship, Paypal said to wait until the check clears.  Unfortunately, I was on my way out the door to ship other stuff and only looked at Ebay, definitely a mistake I won't make twice.  A costly one to learn though.  It just peeves me that they are owned by the same company, yet one can say, "Everything is good, payment received" and the other says, "Wait for payment to clear".  It's just dumb you should be expected to check both places before going to ship, making it easy for sellers my ass.

I appreciate anyone who can provide any support.  I was mainly getting rid of some miners to help pay for my wedding coming up, as there were some unforeseen expenses that popped up in the 11th hour.  This kind of thing just makes me sick and that Ebay won't reimburse me, even though they said everything was fine and smooth with the buyer.  Ugh, just leaves a pit in the middle of your stomach.

Yea I plan to

EDIT:  Why not start now?
Andrea Larmee
18221 150TH AVE
RUH 24546
Springfield Gardens, NY 11413
United States

I doubt anything will come of it though.

Thats true, you are very right.  Although given their high IQ level, I would wager a guess that they lost their private key and can't access those coins anymore. 

Fuck it, its probably gone.  Looking at the address, it seems to be a shipping depo of some sort.   Probably a fake drop or something.  Man this pisses me off.  How could the address be verified on Paypal, and Ebay say go ahead and ship it, but there is obviously no one living there?

That is what I am looking for, not sure about selling the debt yet, but of course it can be discussed with whoever is up to the job.  Nothing illegal, just make him miserable.

Please note, I am not looking or advertising for illegal services.  I am looking for someone who can act as a debt collector.  I appreciate the feedback and helpful advice.  Hopefully I will get this resolved because it just makes me sick that people do this and I have no patience or sympathy for them.