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Author Topic: Unofficial BITMINE CoinCraft series 28nm ASIC miners thread  (Read 202931 times)
masterOfDisaster
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May 02, 2014, 11:02:52 PM
 #801

...just in case this usefuly post vanishes somehow...

How about this:

I ask for refund after 71 days (with full form, and passport etc.) and they sent out the miner on day 72.... (maybe 73 depends how they calculating exactly)

How you would call that?!

And if you are not based in Swiss, and if you are only ordered 1-2 machines...forgett about to open a court case. I talked to my lawyer this morning about the whole issue:

He told me some interessting things:

1. You need to open a case in Swiss (Ok I knew it, but to do that, there are a lot more cost , a lot more, if u compare it to open a case in your country)

2. You need a lawyer from Swiss (Onyl lawyers have a licensure in Swiss, can work there..)

3. Lawyers in Swiss are "very" expensive (If you compare it to german lawyers)

4. In Swiss they dont have the thing "The looser have to pay all expenses" That means even if u r win, IF, its likely that u still have to pay your lawyer and court costs. So at the end your "win" get eating by the costs. Add think about the time you will put in...noone pays for it.

My lawyer is not specialized in that kind of "things", so dont put him (me) 100% on that, but mostly it should be rigth. He said he could organize it all, and sure he would do it, but hes a good lawyer and said to me, only do it, if it is about a lot of money..

Im sure this is what bitmine dealing with, they are very safe even if they loose 10-20 court cases...they dont care, cause even if they loose, they maybe need to pay back some money.  Most of the people yelling here "lawyer" would do better if they not doing it, regarding the point 1-4.

Maybe now we know why they send out the early first delivering to the "one company" cant remember the name. They told they started an extra production line for them . Remember? Sure, if it is about a lot of money, then its worth to take it to the court, then bitmine.ch is right to be scared. But thousand single customers....they laughing about! Changing TOS, promising Shit etc.

If somebody have the time, the money, the fun to do it, Go for it! Im on your side. But at the end Bitmine with tousand of unhappy customers will be the winner in the game.

They know how to make the big money even with thousand unhappy customers....

Im pretty sure in for the next years bitmine.ch was the last company in Bitcoin where it works...good timing bitmine.ch! Well Done! ...



hey sawsawsaw

You might be right that this is the tactic of Bitmine AG, but i doubt they'll get through with this. My biggest concern is that they'll be insolvent at some point (the mentioned blockchain adress doesn't mean anything since we don't know anything about ther liabilities). If that happens, no lawsuit will help anyone. As soon as they're bankrupt, everybody (no matter where you live) can participate in the bankruptcy procedure. Therefore you need file your claim within 30 days. No lawyer needed. There are forms given by the swiss authoroties to file the claim. If they won't be bankrupt any time soon, you can enforce your rights with much less effort (and costs) then you described. Of course the entire procedure won't be free. But I rather spend USD 1'000 to get my money back than just accepting the situation without getting refunded at all.

To your questions:

1. correct

2. correct

3. correct. A lawyer in Switzerland charges between CHF 200 - 300 per hour (180 - 270 USD/h)

4. incorrect.
---
Swiss Civil Procedure Code:
Chapter 1: Procedural Costs
Art. 95 Definitions
1
 The procedural costs include:
a. the court costs;
b. the party costs.
2
 The court costs include:
a. the fee for the conciliation proceedings;
b. the fee for the decision (judgment fee);
c. the costs of taking evidence;
d. the costs of translation;
e. the costs of representation for a child (Art. 299 and 300).
3
 The party costs include:
a. the reimbursement of necessary outlays;
b. the costs for professional representation;
c. in justified cases: reasonable com
 
Art. 106 General principles of allocation
1
 The costs are charged to the unsuccessful party. If an action is not admitted by the
court or if it is withdrawn, the plaintiff is deemed to be the unsuccessful party; in
case of acceptance of the claim it is the defendant.
2
 If no party entirely is successful, the costs are allocated in accordance with the
outcome of the case.


---
The only exception is, that you wont get party costs during the conciliation proceedings. The fee for the conciliation proceedings are charged to the unsuccessful party though. If you have calculatet the refund request period correct, the case is waterproof. If the unsuccessful party won't go bankrupt during the proceedings, they have to cover these costs.


There are no classactions in switzerland. But there is a thing called "Joinder of parties and joinder of actions":

Art. 15 Abs. 2: If two or more actions that are factual connected are raised against one and the
same defendant, each court that has jurisdiction over any one of the actions has
jurisdiction over all of them.

If bitmine doesn't refund me in time (May 10th), I'll go for it. I'll set up the complaint by myself, will somehow get it translated to Italian and will hand it over to a lawyer working in Bellinzona (already found a good one). If you live in antoher canton in Switzerland or outside Switzerland, you don't have to attend at the conciliation proceedings nor at the courttrial. The lawyercosts for the concilliation proceedings are about USD 1000, since the lawyer doesn't have to draft the lawsuit. The costs for the concilliation proceedings are about USD 220, but the unsuccessful party has to cover thes costs.

If I have to go that far, I'll share my lawsuit draft with all you guys, so you just have to fill in your name / dates etc. and provide me or the lawyer with the necessary evidence (e-mails). If we hand over all the lawsuits together to the lawyer, accoring to the "Joinder of actions", the costs of the lawyer will be a lot cheaper.

Why am I doing this?

Right now I don't have the time and I don't want to throw good money after bad invested money. But

- I truly hate Bitmine and the bad people involved (Zefir excluded) from the bottom of my heart.
- I hate to see how they abuse swiss business practices to trap customers.
- I somehow have a sense of justice
- I really like the law stuff Smiley





masterOfDisaster
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May 06, 2014, 06:55:08 AM
Last edit: May 06, 2014, 10:51:36 AM by masterOfDisaster
 #802

asking for a refund is legit but makes bitmine bankrupt. no miners, no money. no matter if you have a laywer.

your are right in everything. demanding things which are impossible right now is not legit. we know about the problems of bitmine since jannuary. there should be a learning process instead of growing hate. do you assume it as legit. no?

...not asking for a refund (or not getting it processed) might make customers bankrupt (at least those who invested more than would have been good for them)...
Those devices would - even if they were delivered in an instant - only mine a sh*t of BTC due to the hash rate we currently have and result in a heavy loss. Can you tell me why anyone should do that if the contract states very clearly under which circumstances a refund can be requested? Just for the cause of Bitmine?

First batch of orders was announced for end of last year or beginning of this year shipping at latest. This schedule wasn't met.
The orders were based on tech specs that aren't met.

Complaining because Bitmine doesn't deliver what customers have paid for is legit.
Complaining that Bitmine doesn't keep with the TOS and the CPP is legit.

Even people who order now based on what they still can read on the Bitmine home page, would be in the right position to complain.
The hate is not originated by the people but by the way Bitmine treats them.

It is for sure risky to invest in mining hardware. But if the company doesn't keep with the promises and the contract, this is for sure a legit reason to complain. No?
I don't understand why the customers alone should take that risk...
gpufreak
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May 07, 2014, 07:25:01 AM
 #803

Hello guys,

I have been reading both the unofficial and official Bitmine thread. Lots of frustrations by unhappy customers. I'm trying to get my refund from this company for two orders, total ~ $ 50.000

I have been very patient, paid November 2013 but no rigs or any clear estimate is given by Bitmine. Their deadline of their "30 days" refund period is about to expire but no response for weeks now by either mail or phone (not being picked up).

I'm now planning to visit their facility and if needed file a local police report. Anyone visited their facility lately and/or having the same plans? For people who have visited their facility more recently, are they still located at this location?

Code:
Centro la Monda 2
6528 Camorino
Switzerland

Please send me a PM so we might join as a group.
gpufreak
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May 07, 2014, 05:34:59 PM
 #804

For everyone who filled a refund and got paid or is waiting for payment please list your refund claim at www.bitminerefund.com so we can build a list of open and paid refunds.
crocko
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May 14, 2014, 09:26:12 PM
 #805

It seems that Bitmine.ch like to play with the nerves of the customers.
No sign of refund + penalities for my order #3876 from December 4, 2013 , delivery February week 3 batch #2
No sign of delivery of the Coincraft Desk + CPP  ..
Or Bitmine.ch just stole  my money ?
Hei, Bitmine.ch are you in the "silenzio stampa" ?




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topzone
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May 28, 2014, 12:23:59 PM
 #806

Order #2977, ordered 23. november 2013, January week 5 batch #2.

I sended many mails with refundation request and I called but without reply.

Unserious Bitmine.ch for serious miners.

T
rdlab01_1
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May 29, 2014, 02:01:26 PM
 #807

Order #2977, ordered 23. november 2013, January week 5 batch #2.

I sended many mails with refundation request and I called but without reply.

Unserious Bitmine.ch for serious miners.

T

+1
SwissMiner
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May 29, 2014, 06:38:38 PM
 #808

Order #2977, ordered 23. november 2013, January week 5 batch #2.

I sended many mails with refundation request and I called but without reply.

Unserious Bitmine.ch for serious miners.

T

+1

.. bitcoin's make the world go around .. world go around .. world go around ..
segaklon
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May 29, 2014, 07:16:16 PM
 #809

Order #2977, ordered 23. november 2013, January week 5 batch #2.

I sended many mails with refundation request and I called but without reply.

Unserious Bitmine.ch for serious miners.

T

+1


+1
elvizzzzzzz
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May 31, 2014, 08:22:03 AM
 #810

It has become clear to me from the ongoing delays and the general lack of response from Bitmine,
that only legal action up to and including putting Bitmine into administration/bankruptcy will
motivate them to pay out.

I would welcome any advice from any Bitmine customers based in Switzerland on how to begin
proceedings - preferably without first getting the lawyers involved as that can come later
when Bitmine continues to fail to pay out.

There are plenty of potential others to join an action :

Check the Twitter feed of www.bitminerefund.com @ https://twitter.com/bitminerefund

Somebody just has to take the first step.
dplusf
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June 01, 2014, 12:36:26 PM
 #811

WHERE IS MY MONEY? 20k Refund overdue 1 month!
Almost 20 phonecalls the last month and they kept telling the next few days.
Bitmine.ch is a SCAM.

SwissMiner
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June 02, 2014, 02:16:57 PM
 #812

WHERE IS MY MONEY? 20k Refund overdue 1 month!
Almost 20 phonecalls the last month and they kept telling the next few days.
Bitmine.ch is a SCAM.



+1

.. bitcoin's make the world go around .. world go around .. world go around ..
elvizzzzzzz
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June 05, 2014, 08:10:30 AM
 #813

It's said, "if it looks like a duck, walks like a duck and quacks like a duck, it's probably a duck"

To customers it does not matter if a Ponzi is by deliberate design or by incompetence, the
result is the same.

Here follows a brief look at Bitmine AG's business plan, beginning with their Terms of Sale:
http://bitmine.ch/online-terms-sale/

The terms were published in September 2013.

Note particularly this :
"4.5.3 After the 61st day of late shipment, you have the right to request a full refund and
we will pay you an additional penalty of 10% of the initial order amount, including shipping fees."

For the sake of arguement, if you placed an order with Bitmine with an expected delivery on
1st January 2014, and requested a refund on March 3rd, you should have a ten percent return on
your Investment on 2nd April.

The way Ponzi schemes work, the early investors get paid out handsomely.

Bitmine delivered some Desk units that may have been profitable investments, and refunded
some customers, the latest known repayments were on 21st May.
 
If you expected delivery of a Rig on 1st January, you will have watched as your expected
return on investment declined as Bitmine failed to complete their design and development
on time. At some point, the rational decision is to request a refund.

Bitmine's business plan is in two parts: a small engineering company, and a potentially
much larger "financial enterprise".  In September 2013 had Bitmine offered 20% per year
return on investments with the right to deliver mining equipment instead, most people
would run for the hills, but that is what you now see.

I suggest that there is a 99.999 percent probability that Bitmine will fail to make good on its
refunds because of that penalty. It is a contractual near certainty.

I am not a lawyer, but it seems to me that Bitmine's Refund Request Form seeks to negate
the normal rights and remedies available to their customers even those provided by their
Terms of Sale. I suggest that you seek legal advice before signing and returning it.

Bitmine will ask for a copy of your ID and your bank details as part of your refund request.
Before you sign, ask yourself, do I want to give my bank details and my identity documentation
in the hope that these people are only incompetent? That is perhaps the most worrying part
of all this.
Schinder75
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June 05, 2014, 08:15:13 AM
 #814

Anyone visited their facility lately and/or having the same plans? For people who have visited their facility more recently, are they still located at this location?

Code:
Centro la Monda 2
6528 Camorino
Switzerland

I have been there in april. They were located at the given adress but changed there rooms inside the building. If I remember correctly, they are now on the first or second floor. It's just a door with a paper written "bitmine" with a pencil on it. Best way is to ask some people in the building where there rooms are currently...
elvizzzzzzz
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June 05, 2014, 08:19:35 AM
 #815

For clarity I have no connection other than some correspondence with this site:
Check the Twitter feed of www.bitminerefund.com @ https://twitter.com/bitminerefund

I am happy to share any information that I have, and I *think* gpufreak is updating
his website to follow all legal proceedings.
elvizzzzzzz
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June 06, 2014, 07:05:47 AM
 #816

The police responsible for the Camorino Canton of Switzerland
are 'Polizia cantonale Camorino' and can be reached here :
polizia@polca.ti.ch

Correspondence needs to be in the Italian language.

At the moment, they are still wondering why they should be concerned.

I doubt they will take action unless civil legal action reveals that money
has disappeared or it is shown that Bitmine is trading while insolvent.
enemiesaround
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June 06, 2014, 07:29:04 AM
 #817

Ok. what can we do right now? especially being foreign customers?
I feel that waiting just reduces my chances to get money from them.
stevebrowne
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June 06, 2014, 09:57:52 AM
 #818

I've exchanged email with the local police. I suggest others do as well to ensure that the local police are aware of Bitmine and Giorgio. They might pay a visit to ask them why there are so many complaints coming in.

They advise to write to:

Ministry of Public
via Praetorian 16
6900 Lugano
Switzerland

With all documents and dates etc. (I assume in Italian, although I will include English as well)

So that's my next plan. I have lawyer contact, but would prefer not to spend just yet.


jdacircle
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June 06, 2014, 03:17:44 PM
 #819

Hi there

I am a Swiss citizen and live about 1h 50 m away from bitmine, and what a coincidence, also waiting for my money since about 40 days...

I am currently gathering info and put them together, so that also our foreign person can prosecute them, there are little cost for the moment and we do not need a lawyer for the first steps.

It will take some time to gather the infos and forms in italian and write instructions in english on how to fill them out, where to send, what to pay and so on.

So, please stay tuned.

There is a bank holiday on Monday in Switzerland.


Greetz


Let me know of specific questions. I will try to answer them, I am not a layer, but know several.

Cheers !
gpufreak
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June 06, 2014, 03:48:55 PM
 #820

Hi there

I am a Swiss citizen and live about 1h 50 m away from bitmine, and what a coincidence, also waiting for my money since about 40 days...

I am currently gathering info and put them together, so that also our foreign person can prosecute them, there are little cost for the moment and we do not need a lawyer for the first steps.

It will take some time to gather the infos and forms in italian and write instructions in english on how to fill them out, where to send, what to pay and so on.

So, please stay tuned.

There is a bank holiday on Monday in Switzerland.


Greetz


Let me know of specific questions. I will try to answer them, I am not a layer, but know several.

Cheers !


Make sure you also contact info@bitminerefund.com with your documents they are also preparing a special page on their website.
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