At the end of October I decided to buy some shares. There were many offers and one of the best was this one:
[OPEN] HashFast Sierra Shares ฿1 = 20GH/s | Ships in Nov *All Miners PAIDDon't ask me why, after reading the terms of the share buy, I thought the mining would start in November, so I hurried up to make the transaction before the month starts (October 31). But after a few days someone asked when will the Sierra be shipped, so I asked when will the mining start. The answer was
December.
That wasn't my intention, so I sent Waldo an email explaining that I thought the mining would be on November and if I could have a refund. That was his answer:
"Sorry brotha, all miners have been paid for already. So all the BTC is out of my hands. Sorry about that man." What? You say *All Miners PAID, but you spend my BTC in it?
After some emails I told him that in his terms is very clear specified that if the miner wouldn't be shipped in November I would be entitled to get the refund.
His answer was the same: No BTC in hands and wait till the miner comes.
After some days I thought about that and I emailed Waldo again, apologizing (I told him in one email he was cheating) and trying to find a way to resolve that. My propose was that at this time (November 11th) his price wasn't competitive, he must lower the prices, so when he will do that he could make this offer to me too (assigning more GH/s or refunding the difference). This way both give in to something. What was his answer?
"I'm going to make my formal announcement tomorrow.. but I will be making shares now 0.8BTC for 20GH/s- this will be for FUTURE purchased shares starting tomorrow." I will make that but not for you. Nice…
So I waited till December 1st and requested my refund. His answer was:
"HashFast dates moved to Dec 31- If they do not ship they will refund, then I will refund all share holders once I get that." Where did you put that on your terms?
One thing is the terms between Hashfast and you, and other the terms between me and you (coiningsolutions). I made a contract with you, not with Hashfast.
You specified that the miner was paid (with your money) and you sell shares of this machine that would be shipped in November. If it's not delivered you'll refund the money (-3%). Is what you said in this post and it's the reason I gave you 1 BTC. So we can resume that in some points:
- Miners were paid:
If that is true you'll still have the BTC the people gave to you. Maybe you lied? If not why don't you make a refund? What are you doing with our Bitcoins?
-
Quote
Refunds will be given in case of non-delivery less 3% for management of the Group Buy.
If the machine wasn't shipped in November as you announced that's non-delivery. If for you "non-delivery" is 2014, 2015 or 2020 you must specified that. On the paper, no miner shipped on november -> non-delivery -> refund.
I don't know the terms of other group buys you made, but for this one things are very clear… Aren't?
I'm with malvino on this. You bought the miners and then made promises to us. You said you would refund us if they didn't deliver by the time you promised, they didn't deliver by the late November as you stated so you should honor your word and refund us our btc. You will still get the hashing power from the refunded shares plus the 3%. Our agreement was with you, not hashfast. I realize that it sucks for you but unless you bought the btc used to buy the miner for more than $125 per btc in you are still coming out ahead. Do the right thing and offer refunds.
While all this happened, Waldo is buying more miners (November 26th):
https://bitcointalk.org/index.php?topic=347907.0 Wasn't all BTC out of your hands?
The last post I wrote on the thread was this:
(Dec-10) I ask you once again and all the people is defending you to tell me where in your terms is written that the refund will be on December 31st. If you show me that I'll shut up. If you write some terms you must fulfill them, that's the way contracts are made.
(Dec-12) And? What is your answer? Silence… (or wait till December 31st, but this isn't an answer with valid arguments)
Well, this is the whole story. Here's the thread starting with my first post:
https://bitcointalk.org/index.php?topic=300992.msg3444214#msg3444214Buying a share is a contract with the terms that are written and both parts must fulfill them. I think one part is not making that…
Make your own conclusions…
(Sorry for my english)
Show Posts
) me mira con escepticismo y no termina de creérselo. Tengo una ínfima cantidad de BTC (no llega a 1) que he conseguido minando y algunos más LTC. Ella me dice que le demuestre que realmente se pueden cambiar por Euros y que los quiere ver en la cuenta bancaria. Como quiero demostrárselo me puse a averiguar la manera de hacerlo, pero mi duda es que al ser una cantidad tan pequeña las comisiones de convertir los BTC/LTC a Euros sean más grandes que lo que saque. He estado mirando sobre todo en Mtgox y en BTC-e pero no termino de aclararme.
)
) la gente aprovechará sus GPUs para minar Litecoins?
