He thinks Active mining is a scam even though its just a poorly timed and poorly run company.
 I think it's a guaranteed loss for shareholders, and I have proved this is what I really believe. Which is a scam: it's scamming investors knowingly. Scam doesn't mean "nothing exists". It means robbing people of their money by being dishonest. Scammers are going to be more and more sophisticated. Get used to it. You mean some of the pumpers like Bar are scamming people into buying shares? Thats not Kens fault is it? How does someone "scam" someone else into buying shares? I'm very interested in this upside down australian logic. |
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What about taking the order spreadsheet (database) and using that as a base to obtain further information on who's obtained refunds, and who is still owed money. https://bitcointalk.org/index.php?topic=248143.0It would be good to get an order of magnitude on how many people are owed refunds. Their method of payment (including transaction information if possible). I wonder if Cryptoin would be willing to assist with that, or hand the spreadsheet off to someone who can add a few more columns to it. I have a list myself but I will not make it public unless everyone that had given me information explicitly stated they were ok with me doing so. Not sure if Cryptoin would be available to help out CryptoinLast Active: September 07, 2013, 08:14:28 PM Also I'm sure that most of the people that received their refund are probably away from this board as well sadly. So far I've only heard of Credit Card and PayPal payments getting refunded from others. Most followed the repetition advice until someone escalated their claim. |
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"Karma"? It amazes me how otherwise perfectly intelligent and rational people ascribe to this superstition. This matter aside, here is a case in point: Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree. My $.02.  I agree with you, I used Karma as an example but not based on my own beliefs. It has been fun watching Atomic use it for his trolling. I also have no interest in any religion of any kind. While I'm sure it might feel nice to have some sort of conversation regarding this or any other off topic for this thread issue, this thread is for gathering information about Terrahash. If anyone not providing additional information about Terrahash can refrain from posting that would be great. Information Gathered so far about Terrahash: Their Registered Agent: CORPNET, INCORPORATED 340 N. Westlake Blvd. Ste. 210 Westlake Village, CA 91362 Office Address: 1800 Wyatt Drive, Suite 15 Santa Clara, CA 95054 Known Residential Addresses: 366 S MARY AVE SUNNYVALE CA 94086 853 AMES AV PALO ALTO CA 94303 -------------------------------------- PROPERTY ADDRESS 366 S Mary Ave Sunnyvale, CA 94086 OWNER NAME Rhyu JungWon, Rhyu Jermsoon OWNER MAILING ADDRESS 853 Ames Ave Palo Alto, CA 94303 JERMSOON RHYU (60 years old) (408) 738-8494 Jungwon W Rhyu http://www.linkedin.com/in/jungwonAGE: 60 years old RELATIVES: Cara Rhyu Jermsoon Rhyu Christine Rhyu Diane Rhyu Aejie Rhyu Jeimsoon Rhyu Address 1: 366 S Mary AVE Sunnyvale, CA 94086 (650) 813-0332 Address 2: 853 Ames AVE Sunnyvale, CA 94086 Address 3: 853 Ames AVE Palo Alto, CA 94303 (650) 493-7160 Previous Locations: Sunnyvale, CA Palo Alto, CA Los Altos, CA Mountain View, CA ----------------------------------------- Not ConfirmedCourt Schedules http://dockets.justia.com/search?query=Amir+Khan&state=californiaPortston, Inc. v. Amir Khan, et al Has Decisions Filed: July 8, 2009 as 3:2009cv03086 Plaintiff: Portston, Inc. Defendants: Amir Khan and Naytab, Solutions, Inc.  Sou KousonsanongAmir A Khan Sr87 Burnham Pl Fremont, CA ------------------------------------------ CloudHashinghttp://www.coindesk.com/terrahash-opens-asic-mining-preorders-loses-business/In the meantime, the firm has lost its biggest customer to date. Emmanuel Abiodun, founder of UK-based cloud mining company Cloudhashing, has cancelled his order with the company.
Abiodun originally ordered $105,000 of equipment from TerraHash, sending $79,109.13 up front on 14th of May (for which he complains he didn’t get a receipt). This was an upfront payment, with the remainder stored in a company savings account to ringfence it. However, on June 4, he issued a formal request for a refund. http://www.coindesk.com/terrahash-shuts-down-bitcoin-miners-upset-with-refund/The closure leaves many out of pocket, and angry at the company. “It’s a big mess,” said Emmanuel Abiodun, founder of UK-based hosted mining firm CloudHashing, who had placed orders with the firm. He has now started legal proceedings against individuals associated with the company, he told CoinDesk. ------------------------------------------- PayPal RefundsIf 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.
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Please stop pestering me btceic.
Unless you want to meetup in Deerfield for some lunch I'm done with your crazy tin-foil hat conspiracy theories on here.
We can bring the kids and make it a play date.
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Look, there are a lot of people out some large amounts of cash here. It would be best if we could keep the squabbling off this thread so we can work towards some type of resolution to this. It's a bad deal, and some people seem personally offended by others in this thread. But continuing on in this fashion isn't helping anyone.
I vote we start working towards some type of resolution. Be it a group legal action (class action) or useful info (such as how to reverse PayPal after 45 days).
I agreed with this, So you guys can keep you nonsense up, I'll be here giving out every bit of information I can about Terrahash and the lawsuit that I am able to for the benefit of the customers. Note: Cloudhashing said they are also taking a legal stance against Terrahash in the CoinDesk article. Maybe they will also help provide any information that might be useful. I guess it's safe to assume that Terrahash never refunded Cloudhashing. ya apparently they scalped cloudhashing as well....... we all thought they did the preorder to pay them off way back then,,,,,,hmmm? Yes. I assumed that TerraHash was going to pay CloudHashing back with our preorder money. They took the "slo-pay" approach because of some account freezes (PayPal specifically, I believe). This thing could escalate quickly. TerraHash has had a history of being quiet. With TH on one end of the spectrum and BFL Josh on the other end of the spectrum. But they should really get to repaying some customers with the funds they do have. I'm sure PayPal collections is a bitch too, but come on. Don't just leave everyone you've touched in this train wreck holding the bag. I have a PM out to the "Cloudhasher" name on the forum in an effort to combine knowledge on Terrahash. I suggest anyone that might know them a little better to reach out, I'm sure they have much more information about Amir/Justin than we do considering the large deals they had with them. |
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I'm very interested in why you picked such a "new" news outlet. I imagine that some other larger outlets would have loved to have heard this interview and it would have received larger attention.
Any particular reason?
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฿95.63700000 + (25%) ฿23.90925 = ฿119.54625 - Mined Last Week
฿92.37093601 + (25%) ฿23.0927340025 = ฿115.4636700125 - Mined this week
September 25th was the last increase in Difficulty and I believe we were mining at 4.2TH last week and 5.1TH this week? Also 1,500 more shares were sold.
I expected a tad bit less.
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Information Gathered so far about Terrahash: Their Registered Agent: CORPNET, INCORPORATED 340 N. Westlake Blvd. Ste. 210 Westlake Village, CA 91362 Office Address: 1800 Wyatt Drive, Suite 15 Santa Clara, CA 95054 Known Residential Addresses: 366 S MARY AVE SUNNYVALE CA 94086 853 AMES AV PALO ALTO CA 94303 -------------------------------------- PROPERTY ADDRESS 366 S Mary Ave Sunnyvale, CA 94086 OWNER NAME Rhyu JungWon, Rhyu Jermsoon OWNER MAILING ADDRESS 853 Ames Ave Palo Alto, CA 94303 JERMSOON RHYU (60 years old) (408) 738-8494 Jungwon W Rhyu http://www.linkedin.com/in/jungwonAGE: 60 years old RELATIVES: Cara Rhyu Jermsoon Rhyu Christine Rhyu Diane Rhyu Aejie Rhyu Jeimsoon Rhyu Address 1: 366 S Mary AVE Sunnyvale, CA 94086 (650) 813-0332 Address 2: 853 Ames AVE Sunnyvale, CA 94086 Address 3: 853 Ames AVE Palo Alto, CA 94303 (650) 493-7160 Previous Locations: Sunnyvale, CA Palo Alto, CA Los Altos, CA Mountain View, CA ----------------------------------------- Not ConfirmedCourt Schedules http://dockets.justia.com/search?query=Amir+Khan&state=californiaPortston, Inc. v. Amir Khan, et al Has Decisions Filed: July 8, 2009 as 3:2009cv03086 Plaintiff: Portston, Inc. Defendants: Amir Khan and Naytab, Solutions, Inc. Sou KousonsanongAmir A Khan Sr87 Burnham Pl Fremont, CA ------------------------------------------ CloudHashinghttp://www.coindesk.com/terrahash-opens-asic-mining-preorders-loses-business/In the meantime, the firm has lost its biggest customer to date. Emmanuel Abiodun, founder of UK-based cloud mining company Cloudhashing, has cancelled his order with the company.
Abiodun originally ordered $105,000 of equipment from TerraHash, sending $79,109.13 up front on 14th of May (for which he complains he didn’t get a receipt). This was an upfront payment, with the remainder stored in a company savings account to ringfence it. However, on June 4, he issued a formal request for a refund. http://www.coindesk.com/terrahash-shuts-down-bitcoin-miners-upset-with-refund/The closure leaves many out of pocket, and angry at the company. “It’s a big mess,” said Emmanuel Abiodun, founder of UK-based hosted mining firm CloudHashing, who had placed orders with the firm. He has now started legal proceedings against individuals associated with the company, he told CoinDesk.
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Look, there are a lot of people out some large amounts of cash here. It would be best if we could keep the squabbling off this thread so we can work towards some type of resolution to this. It's a bad deal, and some people seem personally offended by others in this thread. But continuing on in this fashion isn't helping anyone.
I vote we start working towards some type of resolution. Be it a group legal action (class action) or useful info (such as how to reverse PayPal after 45 days).
I agreed with this, So you guys can keep you nonsense up, I'll be here giving out every bit of information I can about Terrahash and the lawsuit that I am able to for the benefit of the customers. Note: Cloudhashing said they are also taking a legal stance against Terrahash in the CoinDesk article. Maybe they will also help provide any information that might be useful. I guess it's safe to assume that Terrahash never refunded Cloudhashing. You are probably correct, I'm looking for where they might have stated receiving full refund? This is what I could find regarding this: Just ordered additional 20,000 chips from Avalon. Orders that would not be covered by the first batch, would certainly be covered by these chips.
BitSyncom is going to get the chips produced in bulk from the foundry. We believe that all the orders will be shipped by Avalon in close proximity to each other. So, hopefully, the chips ordered today will be shipped at most a week or two after the ships we ordered on May 10 and 16. In that case, our batch 2 orders will start shipping at most 2 weeks after the batch 1.
This is clearly not what we discussed. Terrahash contact us ASAP. GO HOME, SCAMMERS. Terrahash opened for pre-orders despite promising not to take a cent up until they have units in stock. Their hand was forced because 10,000, of their 20,000 chip order (paid for) was for an order agreed by Cloud Hashing! Cloud Hashing jump ship after KnC are proved more legitimate than assumed, and demand their $80,000 back from Terrahash. The order was $105,000 in value, but $80k was needed up front to secure the chips from Avalon that Terrahash went and did. This left Terrahash $80k out of pocket despite securing premises to assemble and further parts etc. for Cloud Hashing's order. This forced Terrahash to demand pre-orders, something they promised not to, but had to or face bankruptcy before starting forced upon them by Cloud Hashing. The community saved Terrahash because Cloud Hashing has no integrity! http://www.coindesk.com/terrahash-opens-asic-mining-preorders-loses-business/Led to believe you would get the equipment before June? BS! Cloud Hashing was well aware the deal with Avalon could be delayed as BitSyncom sorted their shit out, as we all have known, but they were happy to jump on board until KnC started looking more legit, then Cooud Hashing dumped Terrahash high and dry whilst making a similar order for something with delivery in September...not June?! Now, get this it appears Cloud Hashing want back in since Terrahash have had to order another 20k chips to satisfy demand; https://bitcointalk.org/index.php?topic=198489.msg2527527#msg2527527 presumably ahead of the pre-orderers that just saved Terrahash from going under!! After this, no one should be doing any business with Cloud Hashing period, that's just common sense. Integrity is everything! This is without the fact Cloud Hashing's business method to their own customers is at best unstusstainable, and at worst knowingly faudulent. With the latter overtly being the case!! Terrahash customers, Cloud Hashing put you right in this pre-order mess and now they want back in to jump queue, be warned... Terrahash don't you dare return that call, Cloud hashing almost unceremoniously, and purposely sank your business! Well, Bitcoinorama figured it our quiet well. This is almost what happened. However we never promised them a June delivery. We always said late July, and that too depending upon the delivery of the chips. Nowhere in our communication with them is there a mention of a June delivery. We are viewing their allegations in the Coindesk article as Libel/Slander, and are contemplating legal action against them on the basis of that article. About the refund to them, we have plenty of funds to process the refund, but they are currently tied up in our PayPal account. When we last talked to Emmanuel, he demanded that we pay him back from our BTC balance, and we told him that we wanted to use it to order more chips to ensure we have enough for the orders that we have received. That is exactly what he meant when he said "This is clearly not what we discussed." We will definitely refund CloudHashing, but its not a priority right now. We will do that once PayPal releases the hold on our funds. In the meanwhile, we will continue using our BTC and Bank Balance for our regular business. From the Article In the meantime, the firm has lost its biggest customer to date. Emmanuel Abiodun, founder of UK-based cloud mining company Cloudhashing, has cancelled his order with the company.
Abiodun originally ordered $105,000 of equipment from TerraHash, sending $79,109.13 up front on 14th of May (for which he complains he didn’t get a receipt). This was an upfront payment, with the remainder stored in a company savings account to ringfence it. However, on June 4, he issued a formal request for a refund. |
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Look, there are a lot of people out some large amounts of cash here. It would be best if we could keep the squabbling off this thread so we can work towards some type of resolution to this. It's a bad deal, and some people seem personally offended by others in this thread. But continuing on in this fashion isn't helping anyone.
I vote we start working towards some type of resolution. Be it a group legal action (class action) or useful info (such as how to reverse PayPal after 45 days).
I agreed with this, So you guys can keep you nonsense up, I'll be here giving out every bit of information I can about Terrahash and the lawsuit that I am able to for the benefit of the customers. Note: Cloudhashing said they are also taking a legal stance against Terrahash in the CoinDesk article. Maybe they will also help provide any information that might be useful. |
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First you vouched that TH was 100% legit and got all the development work done-- as if you were intimately involved
LOL what? What does "intimately involved" mean? You mean I visited them once? Saw for myself that they weren't in their garage counting their pre-order money? This is the type of tin-foil hat shit that isn't needed in the bitcoin world. Surprisingly there were a lot more people that physically visited them as well and I'm sure came to the same exact conclusion as me that they were legit at the time and trying very hard to finish their product, again hindsight. Those other individuals were not as vocal about their trip as I was personally excited to let people know that this company by all means seems legitimate at that time, are you guys asking if knowing what I know now I would come back and say the same thing? No that would be crazy, almost as crazy as saying I was "intimately involved".... Then you turn around and ask everyone to jump on board for the 50% refund
which is what TH offered up 1 month ago, then again just recently as they admitted to have not been ready to deliver by the 8/15 promised delivery date
What? I don't think I have EVER said to "Jump on board for the 50% refund" this is pure conjecture. The only thing I did was try to gather data to help Terrahash come to a final decision in what they were going to do instead of stringing us along like they did until the 25th. Why the hell would I tell people to get 50% when I wouldn't be happy with 50%? These are all very incriminating behaviors...
Again, this is laughable. I would absolutely love for you or anyone else to try and file charges against me. It won't happen, I'm not worried, and if you did you would be made a fool of in court. Your statements are full of falsehoods and are not appreciated. |
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...
Now that everyone with PayPal and Credit Cards have done charge backs, Terrahash does not have the ability to continue doing business which means everyone that did a Wire or paid in BTC gets screwed over. So while you are correct and that everyone should have got a refund, you also screwed over everyone that couldn't get a refund and had to try to stick it out.
... Let me get this straight -- you're blaming the chargeback folks for your losses? They "screwed [you] over"? Not Terrahash? 4Realz? Fixed it, it did look like that but no to clarify the blame doesn't go with those that got a refund I'm simply explaining action/reaction. I'm very happy for everyone that got out while they could. Terrahash is to blame here 100% (incase you wanted me to spell it out) |
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eWarriors on this thread sicken me, not a single on of them would be able to stand up and say what they need to say in the physical world. A "Real Man" would be able to talk with their enemy instead of hide behind a keyboard, they wouldn't feel the need to come on here to beg and plead about receiving some sort of self serving apology. You clowns can hide behind your username, talk all of the shit you want, and guess what it doesn't mean anything other than you are a pathetic loser. You guys must not believe in yourselves very much because as soon as I mentioned an actual verbal conversation you decline and get defensive. You guys are not fooling anyone, if you want to be taken seriously then stop your eWarrior bullshit and actually talk to people that are involved. That being said I'll give Atomic somewhat of what he wants: gbx is right with what he said: I was also one of the believers here too. Up until about a week before Terrahash's announcement did I continue hope that they would deliver.
Just because I was a "Vocal Cheerleader" as you might say, nothing I ever said was incorrect at the time I said it and you know this to be true. Everyone can look back and know the outcome might be wrong in the end but during the process there might not have been anything wrong. The customers that contacted me have about $125,000 worth of money on the line. I personally have $21,000 in addition to the $125,000. Not a single one of us wants to see Terrahash dissolve or go bankrupt but apparently you guys did and got your wish. No one ever knew Terrahash was planning on doing this, we all knew and I've said this before that they were incompetent and were not going to be able to get us the Avalon Gen 1 which is fine because if they did hand those to us now it would probably make less money than the 50% Bullshit they plan to refund. We can only go based on what Terrahash told us and if they had a plan to figure out how to get customers their money back in full, anyone that didn't have an easy way out like PayPal or Credit Cards had to put all their hope into this idea. Now that everyone with PayPal and Credit Cards have done charge backs, Terrahash does not have the ability to continue doing business which means everyone that did a Wire or paid in BTC gets screwed over. So while the trolls were correct in the long run and that everyone should have got a refund, they also screwed over everyone that couldn't get a refund and had to try to stick it out. So while you guys can keep begging and pleading for me to admit that I was wrong, which is extremely childish I might add, I won't because at the time I wasn't. You don't see me "Cheerleading" now do you? No, you see me taking the appropriate action to help out customers but again you guys are eWarriors and that doesn't matter, all that matters is that you can try to bully someone without having any skin in the game, hiding behind your monitor. Pathetic. This being said, No one else needs to get involved with these trolls via banter, it's useless as you can see. My offer for any of you trolls to talk with me on skype is still open however I know once you do you won't be able to come back here and talk your constant shit anymore so I fully expect you guys to continue to decline it. |
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Looks like I missed out on a bunch today, meetings galore...
Regarding the PM's,
Bar I have no need nor desire to skype with you, we can converse here, if you have something to say then say it.
Way to mess up the vibe man, we were getting work done before you trolled your way back into here. Usually only children would deny a gentleman's chat but I'm aware of your age and I am boggled by your insistence on carrying on without trying to resolve. I'm interested in the extortion claim someone left you in your mining address, what is that all about? There is only one troll in this thread and that is you and always has been - Grow up - you screwed up and didn't listen to good advice that myself and others gave and now you are all bitter. What's worse is that you encouraged others to not listen too, in my eyes that makes you either a shill or stupid. Do everybody a favor eat it and shut up. Relax, take a deep breath and chill. You being right just screwed over tons of people, I'm sure you enjoy it. Now please stop trolling this thread, some of us are trying to get work done. |
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Looks like I missed out on a bunch today, meetings galore...
Regarding the PM's,
Bar I have no need nor desire to skype with you, we can converse here, if you have something to say then say it.
Way to mess up the vibe man, we were getting work done before you trolled your way back into here. Usually only children would deny a gentleman's chat but I'm aware of your age and I am boggled by your insistence on carrying on without trying to resolve. I'm interested in the extortion claim someone left you in your mining address, what is that all about? Scottaloo aka pirate@40 put that there when I wouldn't take down a txid that I posted, he said he was going to dox me, I told him to go fly a kite and like a dumbass said pay me! Wow, everything is clear now. Anyone involved with priate@40 would indeed have a bad taste left in their mouth. |
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Looks like I missed out on a bunch today, meetings galore...
Regarding the PM's,
Bar I have no need nor desire to skype with you, we can converse here, if you have something to say then say it.
Way to mess up the vibe man, we were getting work done before you trolled your way back into here. Usually only children would deny a gentleman's chat but I'm aware of your age and I am boggled by your insistence on carrying on without trying to resolve. I'm interested in the extortion claim someone left you in your mining address, what is that all about? |
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I met Amir and Justin on my trip there. I would be able to recognize them in a heartbeat from a picture.
Both are in their late 20's, early 30's at the latest.
Sadly I did not take any photos on my visit but from now on I'm going to ask for one for my Desk.
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