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1  Bitcoin / Hardware / Re: Off-Topic on: September 26, 2013, 09:47:55 PM
Well, seems like Cointerra is the best alternative for the time being Cheesy

Can somebody explain to me how buying a cointerra unit will make money?     If you buy now, they will ship in January, so you might start operating in February.  That is if everything goes perfectly, which I doubt.   If things continue as they have the last few difficulty increases, then, between now and January, the difficulty will more than TRIPLE.  A 2 Terahash unit then will produce about what a 250Mhash unit can now, which is about 35BTC per month.  So it would take you 2 months to break even.  The problem is that during that 2 months, there will be 4 more difficulty increases.  So, by the time you ROI, you will be making 17BTC per month.    That isn't bad, but consider what would happen if there was a 6 week delay.  You would start out at 17BTC per month but that would drop to 9 and then 5 before you even made ROI.   A definite "maybe," but not at all a sure thing.   At least that is my 2 cents. 
2  Bitcoin / Hardware / Re: Off-Topic on: September 25, 2013, 08:34:02 PM
There is something fishy about them wanting to refund everybody 50% in BITCOIN.    Where are they going to get the bitcoin?  From YIFU?
Or have they been hashing using our miners?  Huh 

I personally would like to see this lawsuit proceed.  Mining companies like Terrahash and Butterfly are giving the whole bitcoin industry a black-eye and making BITCOIN look more like a scam.  The community needs to police this or else it will get a bad-name by association or draw in the regulators.

If anybody has a better plan than BAR to send this message, please share with the rest of the class.  Otherwise, leave him alone so he can send it.  Maybe other mining companies would get the hint.    At this point attacking BAR will do nobody any good.  So what if he was wrong.  Like I've never been wrong!  (I invested in Terrahash didn't I)  Oh yeah, right...

Just saying...
3  Bitcoin / Hardware / Re: Off-Topic on: September 25, 2013, 06:18:34 PM
Unless your a gambler, its dangerous to assume that Cointerra's units would make you any money, even if delivered on time.    If you buy now, they will ship in January, so you might start operating in February.  That is if everything goes perfectly, which I doubt.   If things continue as they have the last few difficulty increases, then, between now and January, the difficulty will more than TRIPLE.  A 2 Terahash unit then will produce about what a 250Mhash unit can now, which is about 35BTC per month.  So it would take you 2 months to break even.  The problem is that during that 2 months, there will be 4 more difficulty increases.  So, by the time you ROI, you will be making 17BTC per month.    That isn't bad, but consider what would happen if there was a 6 week delay.  You would start out at 17BTC per month but that would drop to 9 and then 5 before you even made ROI.   A definite "maybe," but not at all a sure thing.
4  Bitcoin / Hardware / Re: Off-Topic on: September 20, 2013, 07:23:38 PM
If you can't get a refund any other way, you might consider small claims court, which is specifically designed for problems like this where the $ amount is <$10,000.

In most states, you don't need a lawyer.  In fact, in many states you can't use a lawyer.  Also, as a buyer of a product, you can file in the state where you purchased.  In other words, you don't need to file in the state where the seller is located.  

The process is fairly straight forward.  1) Send a letter of intent to the seller.  2) File with the small claims court.  3) Serve the party you are suing.  4) Collect your Evidence. (Sales contract, order status, etc)  5) Go to the court hearing.    This is all do-it-yourself.  You don't need to pay $500 per hour to an attorney. 

If the party you are suing fails to show at the hearing, then you may win by default.  This works well for parties that just don't bother to respond to their customers because the lack of response works in favor of the customer in this instance.
5  Bitcoin / Hardware / Re: Off-Topic on: September 20, 2013, 07:07:54 PM
On my paypal order, the paypal account is listed as: amir@terrahash.com.  

this would imply that the funds went to Amir's paypal account rather than a corporate account.    This would be comingling corporate funds with private funds.  I believe that the corporate veil can be pierced if there is comingling of funds in this manner.
6  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: September 20, 2013, 11:32:18 AM
If you can't get a refund any other way, you might consider small claims court, which is specifically designed for small problems like this (<$10,000).

In most states, you don't need a lawyer.  In fact, in many states you can't use a lawyer.  Also, as a buyer of a product, you can file in the state where you purchased.  In other words, you don't need to file in the state where BFL is located.  

The process is fairly straight forward.  1) Send BFL a letter of intent to sue.  2) File with the small claims court.  3) Serve the party you are suing.  4) Collect your Evidence. (Sales contract, order status, etc)  5) Go to the court hearing.  

If the party you are suing fails to show at the hearing, then you may win by default.  This works well for parties that just don't bother to respond to their customers.

This process creates a problem for the one being sued because if claims like this are filed in multiple states, it may be cheaper for them to settle then to go to all the hearings.  Sometimes they will settle after the letter of intent is received because they realize that the process of fighting the claim will be more expensive than settling the claim.  But if they try to fight the claim, they will lose anyway because they haven't delivered their product or issued a refund.
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