Official TerraHash topic (possible scam)

[Inspector 2211]

So, I heard about TerraHash this morning - it's close to my favorite Pho place, "Pho Queen", a place with incredibly good Pho and incredibly rude waiters.
I decided to combine business with pleasure and check the place out at noon.

Their website http://terrahash.com/contact-us/ gives their location as 1258 Birchwood Dr. in Sunnyvale, CA.

Guess what:

There is a 1260 Birchwood Drive.  http://s1349.photobucket.com/user/Inspector_2211/media/1260_birchwood_zpse3c98f4f.jpg.html?sort=3&o=2

Then, where 1258 should be, there is an alley.  http://s1349.photobucket.com/user/Inspector_2211/media/1258_birchwood_is_an_alley_zps143d2a81.jpg.html?sort=3&o=1

And there is a 1256 Birchwood Drive.  http://s1349.photobucket.com/user/Inspector_2211/media/1256_birchwood_zpscb0c3e10.jpg.html?sort=3&o=0


'nuff said.


Update: they have now update their business address from the non-existent 1258 to 1261.
            1261 had a huge "for lease" sign out in front when I walked by, but, being on the wrong side of the street, I didn't take a picture of it.

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[aspeer]

thanks for taking time out of your day to run by!

[Bitcoinorama]

To be fair, in their defence (aside from the fact they don't physically exist), they're not excepting orders for anything either.

[airdata]

whoops..

[rammy2k2]

thanks for heads up... fake address = scam

[terrahash]

Official TerraHash representative here.

In order to be classified as a "scam", we have to be accepting money from you. All the folks who have contacted us since this morning, asking to place a pre-order, we have told them that we are not accepting any orders until we have something to ship.

Regarding the address, its not an alley, it is a wharehouse/retail space. It is for rent (see link below[1]). We are in the process of finalizing the lease. We don't have anything to do yet, as we all know Avalon has not released the specs yet. We will be buying the chips boards in bulk from BkkCoins (we are already in talks with him). We are already in talks with different suppliers for the components (again waiting for the Klondike design to be finished). We have already ordered automatic assembly machines (solder paste dispensers, SMT pick and place, reflow oven etc.).

The reason we went ahead with the press release so early is to gain hold in this market that is going to get very competitive soon.

I won't be replying to this thread anymore, and will be starting a new really official thread.

Thanks all.

[1] http://sfbay.craigslist.org/sby/off/3742997789.html

[Bitcoinorama]

Well that's, that then. Can't label them scam if all their products on their site are 'out of order' and you are unable to purchase.

That said there is nothing explaining anything in detail on their site. If their 'representative' is watching you would do well to address that. More than ever, people need as much clarity and as little confusion as possible.

[terrahash]

By the way 1258 very much exists, you can see it in Google Street View. Both 1258 and 1261 were up for rent, and we were deciding which one to take when the website was being setup. We finally went with 1261, but the webmaster had old information. I just contacted him to update the new address.

[Inspector 2211]

I asked at the reception of the business at 1256 Birchwood whether there is a 1258 Birchwood - they said "no".
I asked at the reception of the business at 1260 Birchwood whether there is a 1258 Birchwood - they, too, said "no".

All of the even-numbered addresses are on the east side of the street. All of them.
All of the odd-numbered addresses are on the west side of the street. All of them.

Draw your own conclusions.

[terrahash]

I never said they were on the same side. Obviously there is some misunderstanding here. Personally I have not seen any of the two places we were looking to lease. All I know is we finally chose 1261. We will take possession in a couple of days, and then you will be more than welcome to come visit us.

[FloridaBear]

Regarding the address, its not an alley, it is a wharehouse/retail space.

Did a double-take there. Thought you said it was a whorehouse, then I realized you meant "warehouse." 

[Bitcoinorama]

Regarding the address, its not an alley, it is a wharehouse/retail space.

Did a double-take there. Thought you said it was a whorehouse, then I realized you meant "warehouse." 

In a highly competitive environment that certainly would be one way of guaranteeing more bang for your buck

[terrahash]

Regarding the address, its not an alley, it is a wharehouse/retail space.

Did a double-take there. Thought you said it was a whorehouse, then I realized you meant "warehouse." 

I'll leave my original comment unedited for the sake of humor

[Inspector 2211]

I never said they were on the same side. Obviously there is some misunderstanding here. Personally I have not seen any of the two places we were looking to lease. All I know is we finally chose 1261. We will take possession in a couple of days, and then you will be more than welcome to come visit us.

I'll drive by next week, but I don't know which day of the week.
It'll be interesting to see whether the "For Lease" sign is gone, for instance.

Personally, I'm not interested in Avalon ASIC-based mining rigs.
I briefly considered buying a batch of 10000, then realized that 10000 Avalon ASICs draw about 28 kW or so - a rather unwieldy wattage, especially in areas supplied by Plunder, Grab & Extort (PG&E).

[k9quaint]

Pho Queen is indeed delicious.
Two streets over is one named ReamWood. A perfect place to host a Bitcoin ASIC pre-order shop.

[puffpuffpass]

I personally get the feeling that they are one huge scam in the business of getting as many free chips as possible so they can mine with them. With all these ASIC companies, except ASICMINER, they stand to gain more by keeping the hardware to themselves and mining with it. So naturally TerraHash is not considered a scam because they have not taken pre-order money, but I speculate they are not interested in that, they want your chips to plug to their boards and mine the fuck out of Bitcoin while you stay at home jacking off to dreams of discovering a block.

[dan99]

I personally get the feeling that they are one huge scam in the business of getting as many free chips as possible so they can mine with them. With all these ASIC companies, except ASICMINER, they stand to gain more by keeping the hardware to themselves and mining with it. So naturally TerraHash is not considered a scam because they have not taken pre-order money, but I speculate they are not interested in that, they want your chips to plug to their boards and mine the fuck out of Bitcoin while you stay at home jacking off to dreams of discovering a block.

in another words they will likely to scam right?

[Inspector 2211]

Terrahash is now registered as a business with the state of California, its headquarters listed at a RESIDENTIAL address on South Mary Avenue in Sunnyvale. One of these days I will drive there during lunch break and take a picture of the house. Maybe, with a little bit of luck, I'll be even able to find out who lives there.

Stay tuned...

[erk]

It's early days with these Avalon chip based products, as Avalon have chosen to take several months before the chips are out there in the hands of board makers. So I wouldn't panic just yet, also the Klondike design on which the Terrahash is based hasn't even been finalized and tested!

[frontbit]

a newbie just giving my 2cents here, can one of terrahash representatives meet him in person. I believe terrahash need someone to vouch them and this is a good opportunity since inspector is going there 2211. and 2 of you can meet over a bowl of incredibly good pho while being served by incredibly rude waiters.