I think you are missing the point. There are no legal Bitcoin based exchanges as far as I know(let me know if I am wrong)
So unless one is available or one is made legal then no exchange is going to touch American securities or investors.
Labrat needs to made a forum on his website asap then we can trade there if necessary.
Tor Network. Similar to SR but for Exchanges. I would bet on something like this popping up. |
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You mean we must put first thermal grease
And then put thermal pad and then the CPU cooler??
If put only thermal pad is not ok???
No, I can see how the wording might be confusing. You only need the Thermal Pad and then whatever cooler you are using on top of that. |
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what thermal tape i must buy 0.5mm or 1.0mm???
This is what I received from MrTeal |
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  Similar Chips... |
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I suspect that the delay in hosting is pride. It is such a simple matter to get an internet connection and point to a pool. Setting up your own pool (especially with as much hashing power as we're talking about here) might be a big hurdle in an of itself. Temporarily pointing everyone to another pool should be an option. Pride can be a bitch.
has to be costing them hundreds of thousands per day.... hmmmmm...... Maybe they are 'quietly' pointing the idle miners somewhere else (or solo mining) and earning coins to cover the 1BTC per day deal.  |
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"I reserve the option to repurchase bonds at 110% of the highest traded price over the last 15 days."
might be a scam...
RTM Bonds - The issuer can buy back the bond at any time at a price equal to 105% of the highest price the asset was traded on BitFunder over the prior 360 hours. At current math, a share at .0370 and a dividend at .00034064 (October 1st) will take 108+ weeks to pay off. As for anyone worried about SEC intervention, LRM will be the LEAST of everyone's worries if they decide to come full force like you guys are suggesting. As has been said multiple times, he has retained a lawyer that has cleared him in good faith to operate his business like this. Maybe Zach can get a "legal opinion letter" from his lawyer (Maybe he already has one). Redact what needs redacted and post it here. There's not much else he can do, this is the risk everyone takes in this uncharted territory, not Zach or Lab Rat Mining alone. Edit: Realized bittymitty was talking about RTM not LRM (Sorry) |
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Even with higher than expected hashrate from KNC Jupiter & Saturn , ROI is not possible , hence people may want to sell it.
I'd have to disagree with this statement. Only people inexperienced with Mining Calculators, Difficulty to Hashrate Conversions, and a lack of knowledge on all current ASIC manufacturers and their estimated release dates claim that their unit will not make a profit above what they paid for it. Personally my Day 1 Orders will likely pay for themselves in 2 months at the latest, but I expect sooner than that based on my predictions. Without knowing the power draw on those units I don't know for sure, but unless the draw is crazy then I totally agree with you. People naively using that fucking calculator on thegenesisblock.com drive me nuts!  They said it was 1.4W/GH at the wall. Jupiters have 850W power supplies and run at ~550GH they said. GH might go up, so would the W/GH but you can estimate that the power draw will be max 850W-1000W and the return still looks good. |
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Even with higher than expected hashrate from KNC Jupiter & Saturn , ROI is not possible , hence people may want to sell it.
I'd have to disagree with this statement. Only people inexperienced with Mining Calculators, Difficulty to Hashrate Conversions, and a lack of knowledge on all current ASIC manufacturers and their estimated release dates claim that their unit will not make a profit above what they paid for it. Personally my Day 1 Orders will likely pay for themselves in 2 months at the latest, but I expect sooner than that based on my predictions. October 15th orders might have a more difficult time but will "ROI" as you say. As an example I'd like you to tell me what you expect the difficulty to be in February 2013 based on your calculator and then tell me the corresponding hashrate that would have to be on the network to reach that difficulty. |
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KNC still have units for shipping in November and at 550+Gh per $5k, I think we should be seriously considering purchasing some.
Lab_Rat what are your thoughts on KNC they seem to really know what they are doing in my opinion.
Sorry if this is old news, but have KNC actually shown a working (ASIC) prototype yet? And have they made any announcements on shipping, or are they just saying that everything is on schedule without giving any details? Thanks very much, that's exactly what I hadn't seen! A very impressive bit of kit, brilliant stuff. The video was excruciating to watch, but I'd rather they make terrible videos and great hardware... Does it run wirelessly then?! Their laptop showing the CGMiner output has no cables running to it! The built in controller has all of the firmware/software to run the machine, so yes. They likely just connected to the IP and viewed the CGMiner output.  |
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Didnt know that ActM invested in Klondikes. There are no working klondikes at the moment. The only working 16 chip design is the hex16 from marto74 that even runs at 500mhz.
But im not sure why the avalon chips werent refunded and kept instead now that the chance for refund was available and the chips never would ROI.
I believe the large orders were refunded, maybe ActM didn't want to Steamboat more than he was already hurting from this ordeal? Otherwise I don't know either. |
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Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.
It will likely be between 30 and 34 TH after the 2 week withholding. It was looking like it would be around 40TH, but there was an unfortunate miscommunication between Dave and I that resulted in this. With the 2 week withholding, it will allow us to push past 40TH very quickly though as I will be reinvesting a significant amount early on to fight the difficulty. EDIT: I would like to point out that (34TH * .75) / 51,707 = 493MH/s per bond though. I consider that a great success over initial estimates. It will be a success in the MH sense, but keep in mind 100MH/bond cost people that bought bonds from BTC1.5/GH to BTC2.5/GH. That's in the range of $150 to $250/GH if bought when BTC was at $100. Bond buyers didn't expected 100MH to be the case for long. But, yes, 493MH/bond will be much nicer than 100MH/bond - especially if it was online now.  Remember you are effectively paying nothing as long as the share price stays at the rate at which you purchased and you can find a buyer. |
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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.
I do agree about those posting all Amir's info, even though he is in my opinion a horrible business man. This is something that I agree shouldn't be needed however, when Terrahash does not answer their work phone, personal cell phone, email, tickets, Private message on the forum, or provide a forwarding address for their office, then it becomes an issue. Everything that has been done so far is a direct result in having zero communication with your customers, if communication was had a lot of this information could have been avoided from being posted but we need to give customers a location on where to send papers to Terrahash. If Terrahash would like to reply to this post with an address and contact information on where to send letters then I will remove other addresses in my posts as they would no longer be needed. Does this sound like a good resolution? I believe we're beyond attacking Terrahash at this point. Obviously they caused a lot of people grief here, and are also experiencing a lot of issues, whether self-inflicted, or not. If they can finally agree to more frequent scheduled communication updates, we should all lay off attacking them, placing blame, or whatever. The obvious frustration in the post that they finally made was clear, but again, this has gotten to this point because quick posts are made, and then no further information is given and promises are not followed through on.
Pictures are not something anyone should care about at this point, I would expect that they would provide information on purchases and open their books up to those that they owe money to. Instead of generalities, lets hear the full list of what was ordered and a detailed view into where the money went. People are much more receptive to facts. In a previous post, it was made clear that many things were not ordered in advance.
These posts every 2-4 weeks are not going to work to delay anything anymore, and if those involved with Terrahash are truly concerned about their reputation, then it's time to put those that you owe money to first, and you'll see a lot more support and understanding by doing so. I would imagine it might save you a lot of time in court as well. Given the past, this may not be a priority, however it would be wise to reconsider.
We all know they failed, we all know who backed them, and who did not, and we all know who was right and who was wrong, but the focus at this point should be getting those that lost money, significant, or otherwise, as much back as possible. If it can be done without lawyers, that would even be better, but this is up to TH to decide.
Very well said |
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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.
Yifu refund of (4) Groups would be BTC3120 - ~$396,000 (Coinbase Price is ~$127/BTC) + $150,000 max for selling all of the components = $519,000 (I am assuming this is the 50% that you can refund) so there would have had to be ~$1,000,000 of pre-orders taken. + Since 20-25% of each order was "Profit", so it should be able to be refunded - ($200,000 - $250,000) Also 20-25% was our average profit per order. So even with option 'b', we are willing to make 0 profit from this whole Avalon saga, just for the sake our next project and to maintain long-term credibility for our company. = ~$750,000 should be available for refund in USD or BTC (I don't have a preference which one it is) So with all of that, 50% is the best that can be done for all customers? It's hard to believe right now. If anyone sees anything wrong with these numbers please let me know. I also forgot to put in that a lot of people paid Shipping Fees that should be refunded in full since nothing was shipped, that money couldn't have been spent anywhere else. |
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hi bar well i suppose i was having some fun and trolling and poking fun at all those idiots who still trust that terrahash will refund their 50%. i suppose you finally got it right but it did take some time. by the way what is going to happen to the poor sole whou paid you 150btc which is now worth $20k.
are you going to refund him or just blame it on terrorhash. was the poor sole wise enough to pay via escrow or did he just trust you entirely. if yes he deserves to lose his money. that will teach him a life lesson
The order has been physically transferred to him, so he owns the order in its entirety (one of the perks of visiting terrahash in person back in july) However, I am working towards getting a refund from Terrahash that will go directly to him since it was my payment that was made (He obviously can't ask my bank for a refund). I kept him well updated on every process I've gone through. If we end up only getting 50% then the full 50% would go directly to him (I'm sure Terrahash would contact him since the order is under his account) No one deserves to lose their money, not even the trolls that frequent this thread. |
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well i am going to do a gamble. I will double anyones money who gets a 50% refund so in effect you will get 100%. if you don't get the 50% you only need to give me 10%. of your order. I think its fair its a super offer for all of you out there who still trust terrrorhash. you keep on asking for dates of a refund . as if when he tells you a date it will be then and there. anyone interested pm me john k escrow.  I'm not interested but others might be, a few questions regarding your offer. Is there a cut-off date? If not then when would anyone be liable to pay the 10%. What is the Cap of an order? Could you cover someone that ordered a Full DX-Large? What happens if that individual gets a refund by other means. Bank/PayPal/Credit Card. Do they owe you 10% or is the deal just nullified? I assume you would have to put up the 50% in escrow once the "Deal" has been made correct? As the other individual would have to put up the 10%. well ok you are not interested as you already sold a dx large for 150btc as per your thread (see my earlier post) equivalent to $20000 1 cut off date 2020 2 the only cap is as much as terrorhash was prepared to take into their coffers 3 bank / paypal / credit card then obviously the credit card would pay the 50% as they are doing the refund cmmon  4 no one has to put anything anywhere if you feel that you need john k that that is fine 150 BTC at the time of the deal was $15,000 and was before first anticipated delivery of the unit. Your accusations hold no water. But back on topic, 1. Your cut off date implies that you would not receive the 10% for a little over 6 years. 2. Your cap implies that you have over $500,000 to spend on this "bet" 3. By not putting "anything anywhere" you are most likely not going to uphold the end of your deal. Now based on all this, I'm going to assume you are trolling. If so then you got me! Congrats!, otherwise if you are not I'd be very cautious doing any dealings with this individual based on information so far. |
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well i am going to do a gamble. I will double anyones money who gets a 50% refund so in effect you will get 100%. if you don't get the 50% you only need to give me 10%. of your order. I think its fair its a super offer for all of you out there who still trust terrrorhash. you keep on asking for dates of a refund . as if when he tells you a date it will be then and there. anyone interested pm me john k escrow. I'm not interested but others might be, a few questions regarding your offer. Is there a cut-off date? If not then when would anyone be liable to pay the 10%. What is the Cap of an order? Could you cover someone that ordered a Full DX-Large? What happens if that individual gets a refund by other means. Bank/PayPal/Credit Card. Do they owe you 10% or is the deal just nullified? I assume you would have to put up the 50% in escrow once the "Deal" has been made correct? As the other individual would have to put up the 10%. |
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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.
Yifu refund of (4) Groups would be BTC3120 - ~$396,000 (Coinbase Price is ~$127/BTC) + $150,000 max for selling all of the components = $519,000 (I am assuming this is the 50% that you can refund) so there would have had to be ~$1,000,000 of pre-orders taken. + Since 20-25% of each order was "Profit", so it should be able to be refunded - ($200,000 - $250,000) Also 20-25% was our average profit per order. So even with option 'b', we are willing to make 0 profit from this whole Avalon saga, just for the sake our next project and to maintain long-term credibility for our company. = ~$750,000 should be available for refund in USD or BTC (I don't have a preference which one it is) So with all of that, 50% is the best that can be done for all customers? It's hard to believe right now. If anyone sees anything wrong with these numbers please let me know. I think we should get a gang of guys and get some weapons make a visit to his location in the night and seriously force that amir to refund every penny he has - now that we know his address...
This is highly inappropriate to say or suggest. |
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How does someone "scam" someone else into buying shares?
I'm very interested in this upside down australian logic.
In your case, I heard that you pepper reddit and bitcointalk with overly optimistic Active Mining posts. At best we will get our ROI out of this and unfortunately I don't think Active will become the next ASICMINER. Overly pumping a stock by working the forums is scam behaviour isn't it? Especially if you decided to dump on the new buyers. You have been mistaken, I was a very vocal supporter when it first came out (Times change quickly in bitcoin land) and I don't even have an account on reddit you fool. I haven't sold ActM since the eASIC announcement, another speculation you are dead wrong about. At best you are seeking out someone to blame for your share price going down. Pankakke pointed you in the correct direction to look towards. Stop being so bitter and at the very least please backup your schoolgirl gossip with facts. |
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