Off-Topic

[FUKT]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

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[Bitcoinorama]

FUD to distract from the FUD

FUDception

You keep holding onto the dream.. I'm out, gave them plenty of chances, but not waiting any more. Chargeback filed and will use the cash to buy ASICs for 50% of their original value approximately 1 month after they are received by the masses.

I'll keep tabs here, it'll be interesting to see you change your tune.

Don't worry about me, I've recently joined the 1%.

You believe Yifu??

Sadly I do believe him on the Gen 2 purely based on survival of his business.

That being said I wouldn't put money on it

Oh no, there will def be Gen 2, but once bitten and all that. You happy to trust him ever again? He's screwed so many people over.

[Bitcoinorama]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

[ak49er]

So an interesting thing happened yesterday to another non-bitcoin related pre-order I made recently.

Dear Valued Guest,

Thank you for shopping at Toys"R"Us and Babies"R"Us!

We wanted to inform you that we have not yet received inventory on your Wii U Infinity Starter Pack pre-order which was expected in-store on August 18th, 2013. We will send you a follow-up email once this item is available and ready for pickup.

If I've learned anything from this thread then I should be getting out my torch and pitch fork, calling my lawyer, filing a complaint with the FTC, and starting a riot.

hahahaha.

I post this just to illustrate that even non-startups have problems fulfilling pre-orders sometimes .

Have you demanded photographic evidence that they have in fact ordered the item?  Have you sent someone to visit their warehouse to see if they're legit?

[massnerder]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

Who is at fault makes little difference.  Yes, TH has been screwed, and by extension we as customers are being screwed.  What if the chips don't arrive til October?  Should we all just allow ourselves to be screwed too, because it's not TH's fault?  Nobody here wants to see TH ruined, but nobody here wants to lose out on a delayed product either.

I am extremely disappointed at this point.  Our promised delivery date has passed, difficulty is soaring, and if the miners don't arrive in customer hands in less than a month we may never see them break even.  Even then, it is looking pretty bad....

I really do feel TH's pain here, because it truly is not their fault.  However, I am a customer, not an investor... and we are passed the promised delivery date.  Still, for right now I am (perhaps foolishly) optimistic.  It's a tough call, but BG raises a good point.  TH will likely mine with the hardware (since they paid less, they can still ROI where we can't) or sell them on ebay where suckers are still bidding up jalapenos to double - triple their original price.

[angelus359]

terrahash never *promised* any date

they said upfront it'd be 2 weeks the chips came in, and placed the best estimate they had as a rough guess on when they'd come

I have 900$ on the line myself

[ak49er]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

Who is at fault makes little difference.  Yes, TH has been screwed, and by extension we as customers are being screwed.  What if the chips don't arrive til October?  Should we all just allow ourselves to be screwed too, because it's not TH's fault?  Nobody here wants to see TH ruined, but nobody here wants to lose out on a delayed product either.

I am extremely disappointed at this point.  Our promised delivery date has passed, difficulty is soaring, and if the miners don't arrive in customer hands in less than a month we may never see them break even.  Even then, it is looking pretty bad....

I really do feel TH's pain here, because it truly is not their fault.  However, I am a customer, not an investor... and we are passed the promised delivery date.  Still, for right now I am (perhaps foolishly) optimistic.  It's a tough call, but BG raises a good point.  TH will likely mine with the hardware (since they paid less, they can still ROI where we can't) or sell them on ebay where suckers are still bidding up jalapenos to double - triple their original price.

It's the "urge everyone to do the same" that I think is uncalled for.  If you want to cancel then fine, go ahead and cancel.  No need to urge everyone else to do it, (not that they likely would).

[Bitcoinorama]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

Who is at fault makes little difference.  Yes, TH has been screwed, and by extension we as customers are being screwed.  What if the chips don't arrive til October?  Should we all just allow ourselves to be screwed too, because it's not TH's fault?  Nobody here wants to see TH ruined, but nobody here wants to lose out on a delayed product either.

I am extremely disappointed at this point.  Our promised delivery date has passed, difficulty is soaring, and if the miners don't arrive in customer hands in less than a month we may never see them break even.  Even then, it is looking pretty bad....

I really do feel TH's pain here, because it truly is not their fault.  However, I am a customer, not an investor... and we are passed the promised delivery date.  Still, for right now I am (perhaps foolishly) optimistic.  It's a tough call, but BG raises a good point.  TH will likely mine with the hardware (since they paid less, they can still ROI where we can't) or sell them on ebay where suckers are still bidding up jalapenos to double - triple their original price.

It's the "urge everyone to do the same" that I think is uncalled for.  If you want to cancel then fine, go ahead and cancel.  No need to urge everyone else to do it, (not that they likely would).

Agreed.

[FUKT]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

Who is at fault makes little difference.  Yes, TH has been screwed, and by extension we as customers are being screwed.  What if the chips don't arrive til October?  Should we all just allow ourselves to be screwed too, because it's not TH's fault?  Nobody here wants to see TH ruined, but nobody here wants to lose out on a delayed product either.

I am extremely disappointed at this point.  Our promised delivery date has passed, difficulty is soaring, and if the miners don't arrive in customer hands in less than a month we may never see them break even.  Even then, it is looking pretty bad....

I really do feel TH's pain here, because it truly is not their fault.  However, I am a customer, not an investor... and we are passed the promised delivery date.  Still, for right now I am (perhaps foolishly) optimistic.  It's a tough call, but BG raises a good point.  TH will likely mine with the hardware (since they paid less, they can still ROI where we can't) or sell them on ebay where suckers are still bidding up jalapenos to double - triple their original price.

It's the "urge everyone to do the same" that I think is uncalled for.  If you want to cancel then fine, go ahead and cancel.  No need to urge everyone else to do it, (not that they likely would).

Agreed.

Really, agreed? Wow that really adds to the dialogue, if this were a movie script I would edit you out (please return to KNC shill thread at once) . I urge everyone to do the same since the products they will (maybe) receive are now defunct,.

[kkooks]

Terrahash, please give us an update on the following items. It has been a week since you told us where you stood on the below matters.

Production Readiness
1. PSUs (Pending, Lead time unverified but off the shelf item 3 Days ETA from order. Total inventory investment negligible but Terrahash has not committed to purchase)
2. Cases (Pending, Lead time unverified, NOT off the shelf. DX Mini design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
3. Heat Sinks (Pending, Lead time unverified,  NOT off the shelf. Design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
4. PCB Boards (Pending, Lead time unverified. Not off the shelf. Total inventory investment  negligible but Terrahash has not committed to purchase)
5. Klondike 16 Hash rate still not reaching 4.5Ghash (despite sitting on hundreds of "sample" chips from Avalon-- so lack of chips to test is not an issue-- Is there a development issue we need to find help for you?)

[Bitcoin Scammer]

Yeah shoot us an update on this ever growing worm hole please.  It would be nice to hear some updates instead of silence. 2nd I think there was a date of AUg 17th--  DOn't quote me on that I'm trying to find the thread.

[knightlife999]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

FUKT,
Your orders were cancelled the first week after June 18th because of non-payment. As far as I can recall, you were trying to sell your positions in the order queue for a decent price. No one bought them, and TH cancelled your order numbers since no payment had been made. Did you have other orders that weren't listed on Cryptoin's database? If not, I don't think its fair to newer people here to make it sound like you have just decided to cancel 30k of your orders. Those orders never took place because there was no payment made.

[knightlife999]

Terrahash, please give us an update on the following items. It has been a week since you told us where you stood on the below matters.

Production Readiness
1. PSUs (Pending, Lead time unverified but off the shelf item 3 Days ETA from order. Total inventory investment negligible but Terrahash has not committed to purchase)
2. Cases (Pending, Lead time unverified, NOT off the shelf. DX Mini design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
3. Heat Sinks (Pending, Lead time unverified,  NOT off the shelf. Design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
4. PCB Boards (Pending, Lead time unverified. Not off the shelf. Total inventory investment  negligible but Terrahash has not committed to purchase)
5. Klondike 16 Hash rate still not reaching 4.5Ghash (despite sitting on hundreds of "sample" chips from Avalon-- so lack of chips to test is not an issue-- Is there a development issue we need to find help for you?)

One sample batch of 16 chips (mounted on a k16 board) and 2 sample batches of 32 chips (literally JUST received) does not constitute "hundreds" of chips kooks.

[fasmax]

Terrahash, please give us an update on the following items. It has been a week since you told us where you stood on the below matters.

Production Readiness
1. PSUs (Pending, Lead time unverified but off the shelf item 3 Days ETA from order. Total inventory investment negligible but Terrahash has not committed to purchase)
2. Cases (Pending, Lead time unverified, NOT off the shelf. DX Mini design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
3. Heat Sinks (Pending, Lead time unverified,  NOT off the shelf. Design not complete. Total inventory investment  negligible but Terrahash has not committed to purchase)
4. PCB Boards (Pending, Lead time unverified. Not off the shelf. Total inventory investment  negligible but Terrahash has not committed to purchase)
5. Klondike 16 Hash rate still not reaching 4.5Ghash (despite sitting on hundreds of "sample" chips from Avalon-- so lack of chips to test is not an issue-- Is there a development issue we need to find help for you?)

One sample batch of 16 chips (mounted on a k16 board) and 2 sample batches of 32 chips (literally JUST received) does not constitute "hundreds" of chips kooks.

It's not hundreds but it's enough to fully populate another K16 so that the new PCB can be tested .
Seems like it would be a good idea to test the revised board before TH say everything is ready and were just waiting for chips.

[Bitcoinorama]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

Why? It's Bitsyncom at fault, not Terrahash. Why do you want to ruin Terrahash, after they've been f*cked by Bitsyncom and Cloudhashing?

Who is at fault makes little difference.  Yes, TH has been screwed, and by extension we as customers are being screwed.  What if the chips don't arrive til October?  Should we all just allow ourselves to be screwed too, because it's not TH's fault?  Nobody here wants to see TH ruined, but nobody here wants to lose out on a delayed product either.

I am extremely disappointed at this point.  Our promised delivery date has passed, difficulty is soaring, and if the miners don't arrive in customer hands in less than a month we may never see them break even.  Even then, it is looking pretty bad....

I really do feel TH's pain here, because it truly is not their fault.  However, I am a customer, not an investor... and we are passed the promised delivery date.  Still, for right now I am (perhaps foolishly) optimistic.  It's a tough call, but BG raises a good point.  TH will likely mine with the hardware (since they paid less, they can still ROI where we can't) or sell them on ebay where suckers are still bidding up jalapenos to double - triple their original price.

It's the "urge everyone to do the same" that I think is uncalled for.  If you want to cancel then fine, go ahead and cancel.  No need to urge everyone else to do it, (not that they likely would).

Agreed.

Really, agreed? Wow that really adds to the dialogue, if this were a movie script I would edit you out (please return to KNC shill thread at once) . I urge everyone to do the same since the products they will (maybe) receive are now defunct,.

Don't be a cock. If I was a shill, why would I be here? Oh wait, i'm not, your flippant little comment stems from the fact I disagree with your poorly thought out rant. If I speak in, or out, of a KnC thread to some insignificant nobodies I'm a shill as, and when, they are resentful enough, and selectively see fit.

I've always supported Terrahash as they accepted Paypal, and thus accountability, giving miners adequate protection and a fair deal risk wise, for having the inconvenience of having their funds tied up. It's precisely why you were entitled to a refund, moron. As such crying for a stamped on refunds, it's clearly an irresponsible, and very immature thing to do.

It makes no difference to your own choice, you just want to see individuals who chose to support the community and DIY efforts suffer, and Terrahash's founders bankrupt, because why? The main supplier who you all put upmost faith in, Bitsyncom, completely unpredictably f**ked you and the community over for their own gain.

Bitsyncom are now claiming to ship. Some may want to wait it out and it's their choice. But grow a pair and stop blaming Terrahash, or accusing me of being a shill when your frustrated little mind cannot assume the responsibility for making it's own choice of freewill...

[kendog77]

I'm still not convinced that Terrahash purchases are a sure loser assuming they ship in the next four weeks so folks need to stop freaking out and put things in perspective.

For example, if you bought a K64, and overclock each chip to 350 MHz, you're looking at ~$40 / GHs. For comparison purposes, I don't see anything that can be ordered right now and will ship in September for that price.

KncMiner purchasers can expect an optimistic October delivery. BitFury purchasers are also looking at an October delivery. AsicMiner products are still priced at around $100 / GHs. Who knows when CoinTerra and Hashfast will deliver. New BFL orders are looking at a 2014 delivery date... :-)

It's very unfortunate, but with the exception of AsicMiner and they more than make up for it with the price they charge, almost all ASIC pre-orders are delivered late.
 
I assume that Terrahash also has some leeway to ease the late delivery and stop mass refund requests by either offering buyers more a higher hashrate than they purchased, a discount on future orders, or offering free overnight shipping.

Terrahash can build 156 K64s out of a 10k chip order, which will bring in at over $140k not counting folks who also purchased complete miners with cases (those should have higher margins). So, we can assume that Terrahash spent less than half of what they brought in on Avalon chips, so they certainly have room to sweeten the deal a bit for the delivery delay...

[Bitcoinorama]

I'm still not convinced that Terrahash purchases are a sure loser assuming they ship in the next four weeks so folks need to stop freaking out and put things in perspective.

For example, if you bought a K64, and overclock each chip to 350 MHz, you're looking at ~$40 / GHs. For comparison purposes, I don't see anything that can be ordered right now and will ship in September for that price.

KncMiner purchasers can expect an optimistic October delivery. BitFury purchasers are also looking at an October delivery. AsicMiner products are still priced at around $100 / GHs. Who knows when CoinTerra and Hashfast will deliver. New BFL orders are looking at a 2014 delivery date... :-)

It's very unfortunate, but with the exception of AsicMiner and they more than make up for it with the price they charge, almost all ASIC pre-orders are delivered late.
 
I assume that Terrahash also has some leeway to ease the late delivery and stop mass refund requests by either offering buyers more a higher hashrate than they purchased, a discount on future orders, or offering free overnight shipping.

Terrahash can build 156 K64s out of a 10k chip order, which will bring in at over $140k not counting folks who also purchased complete miners with cases (those should have higher margins). So, we can assume that Terrahash spent less than half of what they brought in on Avalon chips, so they certainly have room to sweeten the deal a bit for the delivery delay...

Bear in mind they also have the cost of overheads growing day, by day, whilst they wait needlessly. Not huge in the scheme of things, but significant enough to take into account.

[kendog77]

I'm still not convinced that Terrahash purchases are a sure loser assuming they ship in the next four weeks so folks need to stop freaking out and put things in perspective.

For example, if you bought a K64, and overclock each chip to 350 MHz, you're looking at ~$40 / GHs. For comparison purposes, I don't see anything that can be ordered right now and will ship in September for that price.

KncMiner purchasers can expect an optimistic October delivery. BitFury purchasers are also looking at an October delivery. AsicMiner products are still priced at around $100 / GHs. Who knows when CoinTerra and Hashfast will deliver. New BFL orders are looking at a 2014 delivery date... :-)

It's very unfortunate, but with the exception of AsicMiner and they more than make up for it with the price they charge, almost all ASIC pre-orders are delivered late.
 
I assume that Terrahash also has some leeway to ease the late delivery and stop mass refund requests by either offering buyers more a higher hashrate than they purchased, a discount on future orders, or offering free overnight shipping.

Terrahash can build 156 K64s out of a 10k chip order, which will bring in at over $140k not counting folks who also purchased complete miners with cases (those should have higher margins). So, we can assume that Terrahash spent less than half of what they brought in on Avalon chips, so they certainly have room to sweeten the deal a bit for the delivery delay...

Bear in mind they also have the cost of overheads growing day, by day, whilst they wait needlessly. Not huge in the scheme of things, but significant enough to take into account.

Good point, and also bear in mind that KncMiner, HashFast, and CoinTerra have not even demonstrated a hashing Asic chip yet, so keep that in mind when looking at their promised delivery dates...

[justmyname]

I have requested a refund for close to 30k of hardware from Terrahash, I urge everyone to do the same.

FUKT,
Your orders were cancelled the first week after June 18th because of non-payment. As far as I can recall, you were trying to sell your positions in the order queue for a decent price. No one bought them, and TH cancelled your order numbers since no payment had been made. Did you have other orders that weren't listed on Cryptoin's database? If not, I don't think its fair to newer people here to make it sound like you have just decided to cancel 30k of your orders. Those orders never took place because there was no payment made.

According to this spread sheet list he cancelled long ago.

https://docs.google.com/spreadsheet/ccc?key=0AiyRS_8Y_814dGM0cU5KdFJTVlpWeG9LSDJKYnNmMkE#gid=5

So he either.

Changed his mind about a refund and is now changing back to refund.

Never paid.   

He can't get a refund because he paid with another method besides PayPal CC.  Bitcoin would be the worst.

 

[MinermanNC]

Doing a little research regarding the supposed 130k chips being shipped. Best i can tell from what i have found and read thus far, it appears there is a chance Terrahash could receive both of their first batches ordered on may 10th and 16th (20,000 chips?) in this shipment according to yifu's post. (which btw, he did log in today so he is still alive lol)

Terrahash quote: 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.

Ahead of TH is:
zephir with (6) April orders = 60,000
steamboat a may 1st and may11th orders = 20,000
SebastianJu a may 11th order = 10,000
EDIT UPDATE: ragingazn628' april 27th order =10,000
__________
Total 100,000
Balance 30,000?


that accounts for 100,000 unreceived chips ordered in group buys,,at least from the source below. Im sure there may be others. Feel free to update this and double check Just killing time on a sunday afternoon....

https://bitcointalk.org/index.php?topic=277198.msg2959430#msg2959430

https://bitcointalk.org/index.php?topic=177994.msg1960159#msg1960159