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901  Bitcoin / Hardware / Re: AMT users thread. on: October 04, 2014, 08:34:53 AM
The lawsuit has changed a bit others can speak to it, that. There are other things going on as well. Joshua Zipkin's situation is going to be worse than BFL's easy.

Be so much easier if the FTC got involved given what they are doing to BFL.
902  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: October 04, 2014, 08:29:45 AM
 Bitmain makes official announcement that they are not affiliated with Minersource.net or Miner Hosting LLC.

As concerns grow over Minersource.net and Miner Hosting LLC Bitamain is clear to distance themselves with this group. I suspect there is more to this but it is a good sign for customers that Bitmain is trying to be very clear it is not nor will be involved with such disreputable companies.

We are not affiliated with Minersource.net or Miner Hosting LLC.  

They may have used the address at 3700 Quebec St, however, 3700 Quebec st is a shopping/office center.

Every package will be signed and video recorded as they come in by the UPS, and Panera Bread is located within the same shopping center.

http://www.stapletondenver.com/directory?district=30

There are a few other bitcoin related businesses in colorado receive mails at the local UPS Store within the shopping center.

In the near future, Walk-In drop off may be offered at Denver Bitcoin Center, but, that arrangement is not yet active.

This USA address is one of the options.  You can always request RMA/Warranty via PM to Bitmain or info@bitmaintech.com or webmaster@bitmaintech.com

UPDATE: Bitmain has new bitcointalk account and is responding to customer questions and providing clear information for RMA's.

Sent you PM, please contact us, so we can resolve your issue.


Please contact 1-844-248-6246 to speak with one of the live tech support guys or send e-mail to info@bitmaintech.com

What we need:

Your Bitmaintech.com Order Confirmation Page (PDF or printed or copy and paste)
Brief description of what is wrong with the unit.
We need your return shipping address with a phone number and e-mail address.  (If we need to, the best time to call you)

You can return defective unit with the above information printed to:

Bitmain Warranty
3700 Quebec St. #100239
Denver, Colorado 80207
USA

Telephone: +1-844-248-6246

*Please use a service with a tracking #.  A possibility of Local Drop Off in Denver, Colorado area is considered at this time, however, we are not accepting the in-person drop off.  Please ship the package to the above address for now.

*If you have purchased the Antminer Products from else where, such as Ebay, Amazon, or craigslist or some forum, you may still be eligible for the warranty but even you were not eligible for the warranty, we may quote you for the repair parts cost to restore your units. (even back to S1)


Please run self diagnostic before you send the unit back for the warranty, as often time, it turns out to be a mis-configured unit rather than it being defective.  Misconfigured unit will cost you the return shipping fee and flat rate diagnostic fee and return shipping @ $50 per miner. (Return Shipping fee included)




I bought an S3+ from B9. I have it for around 2 weeks now. And suddenly one of the blades just stop working. Does anyone have the same issue? Do you know a fix??
903  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: October 04, 2014, 08:26:34 AM
 Technobit continue production of new miners yet is still failing to deliver on past orders.

Even though Technobit claimed to halt all other work on their boards in lieu of getting the group buy minion boards out  they have continued to produce more new boards without any slow down in sight even given the backlog for the minion group buy. Customers are still not getting shipments or incomplete shipments. This is clearly not good for consumers.


What Is my  status update vesi?

Martin told me last week that shipping was for this past Monday.

What is my update?


Hi,
I'm Vesi from technobit.
Martin will not be able to post in the forum for some time Smiley
So I'll do my best to answer your questions
You still can contact us here on PM or e-mail office@technobit.eu

Regards: Vesi
Hello, I just reacted through technobit's message system. I'm 2 hex4m boards short, got a 13 and a 10 boards shipment, not 25 total. Fix asap please.


We are working and as soon is ready will be  out.

...but we keep hearing this same reply over and over from you.  I've heard this same thing at least 6 times now from you.  Can you tell us what is holding up your shipping?  At first it was because of the MCU, then when that was fixed it was because you were testing the completed boards but what is holding you up now??

Edit:  ...And of course, no response from Marto when asked the 'tough' questions...  This is ridiculous.
What other response you want.
The MCU's are replaced by hand on 500+ boards. So this takes time.
When exchanged and tested ok is shipped , that is all.
both GB1 and GB2 are .
The first order is from minersource personal and they did not get even one.
Again if you want out give me your order and I'll ship your chips imidiately
OR you can go and post together with bick.
I know it is slow and late and frustrating.
But we are doing our best
 

How about info on how many boards are completed per day. So we'll know how many more months this will take.
diferent yesterday 6
today 37
Please understand we postpone our own boards until GB boards are ready.
We are loosing money too on this.
Majority  of you paid us in chips .
Again you can always ask for chip delivery and join Bicknelski .
and you will be in your right.
Somebody asked for compensation it'is OK I'll ship you spare chips if you want, because We paid production costs for 1k boards and got paid with fiat/btc for about 80 boards only, So any compensation will be in chips if you pay for the board

Martin,

What's the estimated sale date of these boards?
Hi,
I'm Vesi from technobit.
Martin is not able to answer you here for some time. So I'll try:
The first pre-production run of about 10 boards will be ready hopefully next week.
We are going to test it for a week or so .
So these will be put in sales next week with shipment date withing 2 weeks.
Right after that there will be first full production batch for sale

This is all the info I have
Best Vesi

UPDATE: Consumers now complain of lower specification boards being delivered.

What got changed on the boards we are getting and the one user 2good received ?

For one im seeing a lot less capacitors on the board Huh
and im tsting the board now on all diff kind of clock setings and voltage settings.. but im not nearly getting the "Good" efficientcy number as 2good was getting with undervolting!!

Marto did you reduce your BOM to save money with a result a less efficient miner..

the most efficient im getting now is 1,08 W/GH and thats 660mV 400Mhz or
1,13W/GH 760mV 700MHz


that no where near the 0,78 2good was getting !!!


We still recommend that people DO NOT BUY FROM TECHNOBIT as they continue to collect money for new units while failing to adequately ship past products. This is a consistent pattern for the past 18 months that has been well documented in these forums by customer complaints.

Yeah,  it would be really nice to get an update from technobit.  Where are you guys in batch 1/batch 2 orders?  How is the queue being handled?  I have a partial order shipped,  when can I expect the rest of my order out?
904  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: October 04, 2014, 08:16:00 AM
  Spondoolies Releases Hi Res Pictures of the SP20:

As the market becomes increasingly harder for manufacturers to find those willing to buy SPTech keeps the pressure on with the SP20.





http://imgur.com.prx2.unblocksit.es/a/ltKAR
905  Economy / Service Discussion / Re: AMT fucks us over again on: October 04, 2014, 08:09:22 AM
That was weeks ago. Don't forget the many times that opie denied being a shill when I outright accused him of it. Deny Deny Deny, now he is upset that he got ripped off. However, he has been a good source of the private communications with AMT. I still think he's a rat, just trying to be a better rat now.

Just to be fair.

There was a marked difference in what he was doing.  He wasn't pushing sales, he wasn't denying there was a problem. He was trying to get value for the customers from this horrible company working from the inside.

That was what I saw. Was I the only one?

No it's pretty well document what opieum's goal was.

Ya I hope people don't forget that fact.
906  Economy / Service Discussion / Re: AMT fucks us over again on: October 04, 2014, 04:14:34 AM
That was weeks ago. Don't forget the many times that opie denied being a shill when I outright accused him of it. Deny Deny Deny, now he is upset that he got ripped off. However, he has been a good source of the private communications with AMT. I still think he's a rat, just trying to be a better rat now.

Just to be fair.

There was a marked difference in what he was doing.  He wasn't pushing sales, he wasn't denying there was a problem. He was trying to get value for the customers from this horrible company working from the inside.

That was what I saw. Was I the only one?

---

Edit. Reported off topic harassment to the moderators. The ban has not stopped some people from posting off topic in this manner it seems.
907  Bitcoin / Hardware / Re: So confused what is GAW ? on: October 04, 2014, 04:07:26 AM
http://cointelegraph.com/news/112329/gavin-andresens-fractional-reserve-mining-cloud-miners-respond


Quote
We then asked Streng to verify how his company does not practice “fractional reserve mining” and how consumers can verify this. Streng replied to CoinTelegraph via email:

“Practicing fractional reserve mining is at best a bet against your client (and at worst, a Ponzi scheme if you never intend to pay). In any way such an operation is a scam, because it does not hold its promise that mining really takes place. If such a company bets against its client it can (i) win the bet and earn a higher profit than an honest business (ii) lose the bet (and probably get insolvent). If you are anonymous then there is only an upside (and no downside).

There is no way for any mining company to prove that they really own the hardware.

At Genesis Mining we do our best to be as transparent as possible: we publish information about the company founders on our webpage, have a registered company and frequently appear at conferences all over the world. Furthermore, we publish pictures of our mining operation, to prove that we own huge amounts of hardware. And we invited Gavin to have a look at our mining farm (and drink a Bavarian beer with us – Gavin, it is delicious stuff!).”

All of this more or less confirms Andresen's initial thoughts: Some companies will prove to be Ponzi schemes, and some will prove to be legit. Proof is only a question of time, as there are incentives to be unscrupulous and incentives not to be. The difference is only one of those is a long-term strategy.


Do not spend any money on cloud mining that you are not willing to lose outright as with anything bitcoin you are risking it all. Be very careful.
908  Bitcoin / Hardware / Re: So confused what is GAW ? on: October 04, 2014, 03:42:39 AM
Here is a long well researched and clear thread started by DrG about cloud hashing.

https://bitcointalk.org/index.php?topic=739510.msg8355686#msg8355686
909  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: October 04, 2014, 03:17:05 AM
BFL gets pulled deeper into the bowels of FTC control.

http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.54.0.pdf


Summary by ElGrandeJefe

I don't know about you guys but I read the document totally different to BFL's press release. This is the receiver being granted full company for 45 days, who might bring in some or all of the employees as he sees fit. If he doesn't see a business plan moving forwards, he wills hut the doors and liquidate. If he does, he has to put it before the court for them to decide.

The Section XVII prevents anyone suing BFL for now (I believe, unless you have a statute of limitations which will time out), which is why the class action was trying to stop it. They got pretty screwed over out of this which is rather sad.
Agreed. Pure PR spin, completely unjustified.

In a nutshell:
  • No more pre-orders
  • No more lies about performance or delivery dates
  • No advertising or selling anything they don't actually have in stock
  • Full asset freeze for BFL and Jody, Nasser and Sonny (JNS)
  • Repatriation of assets held abroad by BFL and JNS
  • Full accounting of all BFL assets and records
  • Full authorization to subpoena any person or business entity holding BFL and JNS assets and records
  • Full, sworn list of all payments and transfers of funds, assets and property of BFL and JNS
  • Complete, sworn statement itemizing all payments, transfers, and assignment of funds over $2,500 made since June 2012 by each of JNS
  • Authorization for FTC to obtain credit reports on JNS
  • Full preservation of records by BFL and all its officers and agents (no more forum post deletions)
  • Authority of temporary receiver to send anyone at BFL home, including, but not limited to JNS
  • JNS may work for the receiver if so asked, but will not be paid
  • No burn-in testing without approval of the court
  • Shipping of completed miners is allowed, if consumers want them instead of a refund
  • No refunds unless approved by the court
  • No new sales unless approved by the court
  • All BFL and JNS bitcoins go to a wallet controlled by the receiver (as noted in a previous post)

There's a whole lot more in there that's unfavorable to BFL, but essentially the receiver temporarily has control over everything, Jody, Nasser and Sonny get nothing and have to provide a full accounting of what they have taken in the past. Everyone has to cooperate fully with the receiver or their ass is grass. The FTC is authorized, and indeed has been granted extended powers, to continue gathering evidence. Further criminal investigations and civil suits against BFL and JNS can continue.

And last but not least, the judge says "this case is mine, bitches".

From the STIPULATED INTERIM ORDER above:

Quote
A. Misrepresenting, expressly or by implication, directly or indirectly:

1. The amount of Bitcoins or any other virtual currencies Defendants’ products or services will generate; or

2. When products or services will be delivered to consumers; and

B. Soliciting or receiving payment from consumers for merchandise which defendants do not have currently in stock and available for shipping.


VFT adds some more legal docs.

STIPULATION FOR LIMITED RELIEF FROM THE
ASSET FREEZE AS TO DARLA JO DRAKE

http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.57.0.pdf


STIPULATION FOR LIMITED RELIEF FROM THE
ASSET FREEZE AS TO SONNY VLEISIDES

http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.56.0.pdf
910  Bitcoin / Hardware / Re: {Butterfly Labs} Send back your Monarch and get a FULL Refund ??? on: October 04, 2014, 03:11:40 AM
Wink Can BFL customer Return THE Monarch and received a FULL Refund  Huh




Contact the receiver and get an answer to that before you do anything.

Given what BFL was doing it should be plain enough for people send it back and request a refund given how late this product was and not anywhere near the specifications promised.
911  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: October 04, 2014, 03:09:14 AM


Flaming Dog Poo Fairy?

912  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: September 28, 2014, 01:00:23 PM
Another BFL PSA:

People should tell their stories asap... to help make certain that BFL is not put back in charge of the company come Monday.

Anyone see this gem in the BFL Monarch thread?

Quote
09-23-2014, 04:39 PM #14
FTCinfo  

I have just had a very nice conversation with Helen Wong at the FTC. She is the staff contact with the Division of Financial Practices regarding BFL.

The assets of BFL have been frozen pending the outcome of the hearing at 9am on Monday, September 29th. At this hearing, the court will determine the future of the company, to wit:

a. They have failed to fulfill obligations to customers and will not regain control of the company, at which point the FTC, courts and appointed receiver will begin working on the issuance of refunds to customers. (She was unable to speak as to whether or not the current refund queue order would be altered)

b. They have claimed they have begun to fulfill obligations to customers, but it has been found that the actually have not and will not regain control of the company, at which point the FTC, courts and appointed receiver will begin working on the issuance of refunds to customers. (Again, She was unable to speak as to whether or not the current refund queue order would be altered)

c. They have begun fulfilling obligations to customers, but in a manner that is not consistent or not in sync with consumer protection regulation at which point issuance of refunds would be overseen by the FTC and/or courts. (It was unclear as to whether this would be while under the control of a receiver or BFL)

d. They have begun fulfilling obligations to customers, are breaking no laws or regulation and no action should be taken, at which point BFL continues business as usual.
Yes, those are the 4 possible outcomes of the hearing on Monday. I hope everyone who placed an order with BFL - especially those who had a refund denied or delayed more than 45 days at any time during their interactions with BFL - has shared their experiences with the appointed temporary receiver, Mr. Johnson, at eljreceiver@spencerfane.com, so the court reaches the appropriate decision. I know I have.

Edit: Thanks opieum2... let us hope many people post as much relevant info as possible on BFL.
913  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: September 28, 2014, 12:59:41 PM
Technobit  Up to 10 week delays in shipment of some customers Minion Group Buy Units.

The hurt / delays continue for some customers of Technobit who have paid substantial amounts for miners over 10 weeks ago.

I agree with scrappy here, Batch 1 should of been sent out by now. reading the thread its totally unprofessional sending out small orders first.
i see some people waiting 10 weeks now for there order to be shipped out and nothing. Seems people with large orders are getting shafted.

I think compensation is due MARTO!!!!

People have been patient with you since you had a problem with the boards, but this now seems to be resolved.
So what exactly is going on??

i do not what to take legal action as BFL are facing and now KNC miner, marto.
You really havent provided any updates to people with large orders on the forum at all.

Please provide a clear update on what is going on and when everyone's orders are going to be fulfilled and compensation package.
with have been patient, but you have taken are patience for granted now.

There is seriously something wrong with this thread. Folks Martin has yet to deliver batch one yet we have 3 confirmed cases of him shipping batch 2. He says "small orders" Fuck that shit. Mine may have been large and paid in fiat. I have as of to date received 6 of 50, and Marto has promised 6 shipping dates and only sent once!

 Guys, enough of the bullshit.

 I paid in fiat for a flat conversion, have been lied to about shipping, and seen batch 2 orders go out before mine. Check the thread, I was in page 2 and traded in 2 x3's and paid in fiat. I know I am not alone here as I have spoke to many of you in pm's. Enough with the BS, bring it.

scrappy do, dam so shipments are just trickling out. i would of thought at least batch 1 would of been completed by now

I haven't received a single one of my 88 boards. My chips have been at technobit since July 17th.

Marto any news when batch 2 will be shipped, its been over a month now since you received my chips. ive emailed you on your site, 2 weeks ago and no reply.
would like to know whats happening with those.

you going to be offering any compensation for late deliveries now. awaiting 25 boards  Angry and counting

 No offense Guyver, but he hasn't even shipped batch one out. Hopefully he will not ship out anymore batch 2 like the mistake made last week. I just got my first partial shipment today 6 of 50. I know its been over a month for you and I hate it, but it has been over 10 weeks for some of us.

We are working and as soon is ready will be  out.

...but we keep hearing this same reply over and over from you.  I've heard this same thing at least 6 times now from you.  Can you tell us what is holding up your shipping?  At first it was because of the MCU, then when that was fixed it was because you were testing the completed boards but what is holding you up now??

Edit:  ...And of course, no response from Marto when asked the 'tough' questions...  This is ridiculous.

If so many mcus are defective wouldn't it make sense to have them all removed and swapped for new ones by a machine and leave the testing for a later time? (I don't know if there is a desoldering machine)

Even 37 boards/day is painfully slow with the total number of boards in mind and it must be quite tiring to do it all by hand time and time again.




Thats a good one.
I made a thread and made an offer. No promises.

Ya... that is certainly how you operate.

People need to rethink using your services if you are not willing to do anything to help these people desperately asking for answers.

You can spend 10 minutes here now arguing with me but there are countless people who are asking for you to provide better service. Both Minersource and Technobit in this thread and these forums have had many issues. People should take this as a clear warning when doing biz with you guys.  NO PROMISES as well as no effort and lay the blame elsewhere.

I think you need to get your priorities in check.

Enjoy your thread.
Yea instead of having Technobit bundle US customers orders up and sent to us, they should all contact Technobit / Marto directly and arrange for shipping.

You are probably 100% right thinking that they'd get them faster and it was a great idea.

There is one customer that I've been emailing about their boards (that we have part of his order for), that will be the last order we reship.

I'm going to pass this to Marto.

**This post is 100% serious, arrangements now need to be made for shipping**

Unfortunately putting all this in Marto's hands may save 'money' the problem is then can he be trusted to get the units shipped. If you look at his history there are significant issues in the past when he has lied about shipping when he was having production delays in the past or when things became less profitable. Whatever the reasons he has yet to be 100% clear on when a specific customer will get their entire order. If you can set a production number daily then you can estimate within good reason when shipping will occur. He is not doing that. That is why people are rightly pissed. Suggest people remember this the next time they deal with Marto. Better to avoid his company use more reputable and reliable companies. Has anyone independently verified the issues that Marto is having with the boards and production numbers or is everyone just trusting what Marto is saying is actually happening?



*Recently Deleted by MinerSource.

In all fairness TechnoBit doesn't respond to questions from potential customers either.

From the looks of it all the Black Arrow customers who chose the Group Buy are much worse off financially than customers who stayed with BA or MinerSource and their incendiary mail bomb. BA & MSs customers are only losing almost 100% of their money, at least 200% in minted Bitcoins at the exchange rates and nobody has died yet. The GB has put a lot more additional out of pocket funds into this cluster-fuck.

How many of those that chose the GB option also sent BA additional funds for Power Supply Units?

These PSUs were for the promised but yet to be delivered compensation units. BA promised to deliver compensation units after they've completed shipping of all orders.

The PSUs use in BAs miner has caused multiple explosive detonations due to to high voltage leakage from the PSUs. The leakage polarized the high capacity aluminium electrolytic capacitors that were added to unused sections of the Printed Circuit Board. The capacitors were polarized in the wrong direction with voltage that far exceed the capacitors rating. An explosive release of an ionically conductive liquid into the miner occurred resulting in combustion of the energized and populated PCB; open flame and toxic smoke being the final result.

BA, MS and TB customers are all experiencing an unreasonable shipping delay in paid for Minion based SHA-256 hashing hardware.



4 Scam Accusation Threads About Technobit:

Scam alert technobit.eu
Marto74 BFL-Style SCAMMER   
Attention A Technobit.EU
Technobit.eu SCAM ALERT (Fraud, Scam, No Refund, wrong promises)
914  Bitcoin / Hardware / Re: BFL Experience on: September 28, 2014, 06:30:17 AM
 Grin

Josh W. wrote Firefly right?

http://www.imdb.com/name/nm0923736/

Basic googling makes you not look like an idiot.

Joss Whedon.

Close enough.

I am more of a Farscape fan.

Created by Rocky Y. O'Bannock right? <<sarcasm>>

915  Bitcoin / Hardware / Re: BFL Experience on: September 28, 2014, 06:28:17 AM
Josh W. wrote Firefly right?
916  Bitcoin / Hardware / Re: BFL Experience on: September 28, 2014, 04:59:55 AM
Wouldn't that make him a psychopath then not just a sociopath?  Cheesy
Yeah, psychopath is a more appropriate term.

Sociopathy and Psychopathy are very closely related, and sometimes used interchangeably.

Wikipedia highlights below.

"Psychopathy (/saɪˈkɒpəθi/) (or sociopathy /ˈsoʊsiəˌpæθi/) is traditionally defined as a personality disorder characterized by enduring antisocial behavior, diminished empathy and remorse, and disinhibited or bold behavior.
...
It is one of the three dark triadic personality traits (the others being narcissism and Machiavellianism)."
...
the Federal Bureau of Investigation reports that psychopathic behavior is consistent with traits common to some serial killers, including sensation seeking, a lack of remorse or guilt, impulsivity, the need for control, and predatory behavior.[22] Researchers, however, have noted that psychopathy is dissociable from and not synonymous with violence.[1]
...
Researchers have discussed the possibility of psychopathy being associated with organised crime, economic crime and war crimes.[35] Terrorists are sometimes called psychopaths, and comparisons may be drawn with traits such as antisocial violence, a selfish world view that precludes the welfare of others, a lack of remorse or guilt, and blame externalization.
...
<See 'Conduct Disorder' ( http://en.wikipedia.org/wiki/Conduct_disorder )>
...
Psychopaths have been considered notoriously amoral – an absence of, indifference towards, or disregard for moral beliefs. There are few firm data on patterns of moral judgment, however. Studies of developmental level (sophistication) of moral reasoning found all possible results – lower, higher or the same as non-psychopaths. Studies that compared judgments of personal moral transgressions versus judgments of breaking conventional rules or laws, found that psychopaths rated them as equally severe, whereas non-psychopaths rated the rule-breaking as less severe.
...
Psychopathy has often been considered untreatable. Harris and Rice's Handbook of Psychopathy says that there is little evidence of a cure or effective treatment for psychopathy; no medications can instill empathy, and psychopaths who undergo traditional talk therapy might become more adept at manipulating others and more likely to commit crime.
...
Psychopathy in the workplace is a serious issue as, although psychopaths typically represent only a small percentage of the staff, they are most common at higher levels of corporate organizations and their detrimental effects (for example, increased bullying, conflict, stress, staff turnover, absenteeism, reduction in productivity) often causes a ripple effect throughout an organization, setting the tone for an entire corporate culture.[129]

Academics refer to psychopaths in the workplace individually variously as workplace psychopaths, executive psychopaths, corporate psychopaths, business psychopaths, successful psychopaths, office psychopaths, white collar psychopaths, industrial psychopaths, organizational psychopaths or occupational psychopaths.

Hare reports that about 1 per cent of the general population meets the clinical criteria for psychopathy.[130] Hare further claims that the prevalence of corporate psychopaths is higher in the business world than in the general population. Figures of around 3-4% have been cited for more senior positions in business.[131] Unfortunately, even with this small percentage, corporate psychopaths can do enormous damage when they are positioned in senior management roles.[132]

"

- http://en.wikipedia.org/wiki/Psychopathy

Lock him away. He's irredeemable to society at large and should be permanently removed from the general population via incarceration.

I would prefer to hand Josh & Sonny over the Reavers and let them try to talk their way out of that situation.  Grin

Quote
"If [Reavers] take the ship, they'll rape us to death, eat our flesh, and sew our skins into their clothing – and if we're very, very lucky, they'll do it in that order." -Zoe, Firefly


And... we come full circle... another Josh into the mix.
917  Bitcoin / Hardware / Re: [GUIDE] B's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide on: September 28, 2014, 02:45:22 AM
Here is a long well researched and clear thread started by DrG about cloud hashing.

https://bitcointalk.org/index.php?topic=739510.msg8355686#msg8355686

Quote
Now let's compare to cloud mining:

1) Again you hope the company is not a scam.  You don't want to buy a 5 year contract and then have the company run away after collecting up-front contract income for 6 months.  In the crypto world unless you know the names and address of the actual company you are dealing with you will most likely never see your money again.

2&3) Cloud miners typically will deliver exactly what they promised in terms of hasrate or people would get upset at the very first day and it would be bad for their image. You don't need to worry about specs and efficiency.

4) Cloud mining does require the mining company to be able to reliably mine.  I haven't heard of these companies having significant down-time or server issues

5) Just like with actual hardware no mining company has been shown to really be worth buying other than PBMining - and for that we have the issues below

6) You are relying on the company to be in business and holding up their contract for the set duration.  Now consider your contracts with phone carriers, internet access, cable TV etc.  I don't know how it is in the rest of the world, but in the US these companies are notorious for changing the rules and changing your contract and secretly charging you more fees and trying to trick their customers with the full blessing of the US government (via FTC consent).  Now think about the crytocurrency world where many companies are anonymous and newly created - do you trust a company that has been around for 3 months to honor a 5 year contract?  If they go bankrupt who are you going to call?  Would you trust the 40 year roofing warranty from a 2 month old roofing shingle company?

And that last point #6 is where the biggest issue with cloud mining resides.  Let's forget about whether you'll make money or not.  Let's forget about whether they restrict you to mining on certain pools (or even algorithms if you're mining alternative coins).  Let's assume you get a contract and you start getting income into your wallet.  You have to HOPE that the company stays in business and doesn't shut down for the life of the contract - especially since many of these companies do not allow you to transfer ownership of your contract.  You are trusting these cloud mining companies.  If the company showed me the management positions, pictures of these people, address where the business is headquartered (not necessarily where the mining is going on for security reasons) then perhaps I would be willing to trust these companies.  I run a business myself - I am incorporated in California as a physician and my information is clearly visible to the CA public.  These mining companies should at the very least show you their credentials before you invest with them.

Gavin Anderson, one of the lead BTC developers recently echoed similar sentiments:
http://cointelegraph.com/news/112329/gavin-andresens-fractional-reserve-mining-cloud-miners-respond

For those of you who want proof to see how desperate these companies are, they literally pay people to come onto these boards and post spam supporting them.  Here are users I and others have identified as shill posters.  Click on the user profile and look at their post history.  If 1/2 their posts are promoting a company they are paid shills most likely.  When was the last time you went around telling people how awesome liquid plumber cleaned you pipers  Grin

drawer - new user and 3/4th of his posts are about his supported company
https://bitcointalk.org/index.php?topic=732923.msg8309461#msg8309461

testerman - posted the same text in 7 different threads promoting PBMining
https://bitcointalk.org/index.php?topic=732923.msg8331652#msg8331652

What do you think of SHA hashlets?

Are those miners that you can get delivered to you?

I guess we have to start another cloud thread for that but it wouldn't be in "hardware".

My feeling would be caution. More caution or even EXTREME caution in calculating out if this is a viable investiment.

I posted my thoughts in the thread "Proof of dishonesty and lies from Gawminers.com Hashlet Ponzi Scheme Scam"



http://bitcoinexaminer.org/bitcoin-developer-gavin-andresen-suspects-cloud-mining-operations-ponzi-schemes/


----

Be careful.

Trust: -964: -24 / +29(29)
Warning: Trade with extreme caution!


Hashlets are difficulty derivatives. They don't have the hardware behind them, they don't need to. They are only a scam if they stop paying out what should be gotten with the hashpower you have paid for.

There is nothing wrong with difficulty derivatives. It is not a scam. If you think this is a scam, you must think that the $22 billion in derivatives trading annually is a scam.

Be very careful.

Quote
It was derivatives schemes that emboldened American banks to offer unsecured mortgages, eventually blowing up the global market.

Read more: http://www.dailymail.co.uk/debate/article-2142429/JP-Morgan-The-592trillion-Ponzi-scheme-time-bomb-ticking-house.html#ixzz3BHQi7RNB
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@ Unacceptable... thanks will do.
918  Bitcoin / Hardware / Re: Technobit HEX4M - 400GH BlackArrow based miner reviewed on: September 27, 2014, 03:38:59 PM
https://bitcointalk.org/Themes/custom1/images/post/thumbdown.gif to Technobit... they need to REFUND or COMPENSATE those customers. Trying to spam your way out of compensating people is not going to work this time Loshia.
919  Other / Beginners & Help / Re: Question On this Mining Hardware on: September 27, 2014, 03:20:28 PM
Technobit  Up to 10 week delays in shipment of some customers Minion Group Buy Units.

The hurt / delays continue for some customers of Technobit who have paid substantial amounts for miners over 10 weeks ago.

I agree with scrappy here, Batch 1 should of been sent out by now. reading the thread its totally unprofessional sending out small orders first.
i see some people waiting 10 weeks now for there order to be shipped out and nothing. Seems people with large orders are getting shafted.

I think compensation is due MARTO!!!!

People have been patient with you since you had a problem with the boards, but this now seems to be resolved.
So what exactly is going on??

i do not what to take legal action as BFL are facing and now KNC miner, marto.
You really havent provided any updates to people with large orders on the forum at all.

Please provide a clear update on what is going on and when everyone's orders are going to be fulfilled and compensation package.
with have been patient, but you have taken are patience for granted now.

There is seriously something wrong with this thread. Folks Martin has yet to deliver batch one yet we have 3 confirmed cases of him shipping batch 2. He says "small orders" Fuck that shit. Mine may have been large and paid in fiat. I have as of to date received 6 of 50, and Marto has promised 6 shipping dates and only sent once!

 Guys, enough of the bullshit.

 I paid in fiat for a flat conversion, have been lied to about shipping, and seen batch 2 orders go out before mine. Check the thread, I was in page 2 and traded in 2 x3's and paid in fiat. I know I am not alone here as I have spoke to many of you in pm's. Enough with the BS, bring it.

scrappy do, dam so shipments are just trickling out. i would of thought at least batch 1 would of been completed by now

I haven't received a single one of my 88 boards. My chips have been at technobit since July 17th.

Marto any news when batch 2 will be shipped, its been over a month now since you received my chips. ive emailed you on your site, 2 weeks ago and no reply.
would like to know whats happening with those.

you going to be offering any compensation for late deliveries now. awaiting 25 boards  Angry and counting

 No offense Guyver, but he hasn't even shipped batch one out. Hopefully he will not ship out anymore batch 2 like the mistake made last week. I just got my first partial shipment today 6 of 50. I know its been over a month for you and I hate it, but it has been over 10 weeks for some of us.
920  Economy / Scam Accusations / Re: Scam alert technobit.eu on: September 27, 2014, 03:18:44 PM
Technobit  Up to 10 week delays in shipment of some customers Minion Group Buy Units.

The hurt / delays continue for some customers of Technobit who have paid substantial amounts for miners over 10 weeks ago.

I agree with scrappy here, Batch 1 should of been sent out by now. reading the thread its totally unprofessional sending out small orders first.
i see some people waiting 10 weeks now for there order to be shipped out and nothing. Seems people with large orders are getting shafted.

I think compensation is due MARTO!!!!

People have been patient with you since you had a problem with the boards, but this now seems to be resolved.
So what exactly is going on??

i do not what to take legal action as BFL are facing and now KNC miner, marto.
You really havent provided any updates to people with large orders on the forum at all.

Please provide a clear update on what is going on and when everyone's orders are going to be fulfilled and compensation package.
with have been patient, but you have taken are patience for granted now.

There is seriously something wrong with this thread. Folks Martin has yet to deliver batch one yet we have 3 confirmed cases of him shipping batch 2. He says "small orders" Fuck that shit. Mine may have been large and paid in fiat. I have as of to date received 6 of 50, and Marto has promised 6 shipping dates and only sent once!

 Guys, enough of the bullshit.

 I paid in fiat for a flat conversion, have been lied to about shipping, and seen batch 2 orders go out before mine. Check the thread, I was in page 2 and traded in 2 x3's and paid in fiat. I know I am not alone here as I have spoke to many of you in pm's. Enough with the BS, bring it.

scrappy do, dam so shipments are just trickling out. i would of thought at least batch 1 would of been completed by now

I haven't received a single one of my 88 boards. My chips have been at technobit since July 17th.

Marto any news when batch 2 will be shipped, its been over a month now since you received my chips. ive emailed you on your site, 2 weeks ago and no reply.
would like to know whats happening with those.

you going to be offering any compensation for late deliveries now. awaiting 25 boards  Angry and counting

 No offense Guyver, but he hasn't even shipped batch one out. Hopefully he will not ship out anymore batch 2 like the mistake made last week. I just got my first partial shipment today 6 of 50. I know its been over a month for you and I hate it, but it has been over 10 weeks for some of us.
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