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Author Topic: [VMC] Unofficial Virtual Mining Corporation Discussion  (Read 10799 times)
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magzy
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February 28, 2014, 03:11:42 AM
Last edit: June 16, 2014, 05:51:14 AM by magzy
 #1

WARNING: All the evidence points to Virtual Mining Corporation [VMC] and Active Mining [AMC] as being a massive confidence trick /elaborate Scam mess scam from the outset.Trade with extreme caution.

Seeing as though valid posts regarding VMC are being deleted from the official Thread https://bitcointalk.org/index.php?topic=206488.0 by Kenneth Slaughter CEO of VMC (accusations of fraud, misconduct scam accusations regarding products, refunds and ways forward for the company to respond to disputed transactions that point to the company in a truthful light)

We have decided to open up this uncensored version to openly discuss  the merits and disadvantages of dealing with [VMC] Virtual Mining Corporation Discussion

I will continue to expose the underhand dealings of VMC and it's shills and it's sockpuppet accounts on here and reddit until my own money is given back to me or this company is driven into the ground.


Update [May 9 2014]
Of the 31 known Prospector boards ordered from VMC:

15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
5 Delivered - waited 30 days - all  confirmed working (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11) delivered 25 days late
1 orderd by VinceSaimos - took 5 weeks to arrive - working ok.

Refunds:
@Magzy- 2nd Refund check arrived - awaiting clearance at bank.

@metalchain - Still waiting - I sent PM to Ken many times. He always reply to me "We will ~~, ASAP~~~, Quickly~~~, next week~~~"

@cryptoconomist- still waiting  - "Two weeks ago on a Friday I spoke to him again and he  literally promised me he was going to ship my order on the following Monday, but haven't heard from him. Since then, when I log into my account, my initial order has now been moved to "refund" status and my new order to "cancelled" which contradicts what Ken and I discussed.  I wrote so many emails to him and to the Active Mining threads but my posts keep getting deleted"

@meccaflare0 - still waiting "ken owes me like $x"

@greek_hephaestus - unknown  -"Thank you very much Magzy for your suggestion . I will do it in a few days. [contact the AG] First I send one more message to VMC. Thank's again."

@coindesk - http://www.coindesk.com/mining-hardware-companies-miners-roundup/

@lenart_o - I'm waiting for refund [of $10k] since february this year there is no chance to get back my money?? I'm from Poland and I don't have idea how to  get back my money . I was stupid and I was belive in company with no proof now I'm without money

@btcricon - 256 GH/s Module : 1.536TH-1,400 Watts on 2013-09-17 @ VMC (order reference JTICURDUZ) for $18,079.20. I asked multiple times for refund as they are completely unable to deliever. I didn't receive my money back. Will give them one week, then it's up to the police.

Anyone affected by VMC's total incompetence can take court action: http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation




Update [May 1 2014]
Of the 31 known Prospector boards ordered from VMC:

15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
5 Delivered - waited 30 days - 3 DOA,  2  confirmed working (one of these at only 300GH/S) by (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 3 weeks ago) Tracking confirmation - TBA
1 orderd by VinceSaimos - 2.5 weeks ago today - yet to be posted

Refunds:
@Magzy-  still waiting "has been posted"

@metalchain - Still waiting - I sent PM to Ken many times. He always reply to me "We will ~~, ASAP~~~, Quickly~~~, next week~~~"

@cryptoconomist- still waiting  - "Two weeks ago on a Friday I spoke to him again and he  literally promised me he was going to ship my order on the following Monday, but haven't heard from him. Since then, when I log into my account, my initial order has now been moved to "refund" status and my new order to "cancelled" which contradicts what Ken and I discussed.  I wrote so many emails to him and to the Active Mining threads but my posts keep getting deleted"

@meccaflare0 - still waiting "ken owes me like $x"

@greek_hephaestus - unknown  -"Thank you very much Magzy for your suggestion . I will do it in a few days. [contact the AG] First I send one more message to VMC. Thank's again."

@coindesk - http://www.coindesk.com/mining-hardware-companies-miners-roundup/


Update [April 30 2014]
The refund check (Now cancelled)Sent in Feb turned up today.
 postmark confirms it was sent in Feb and the check number confirms with what ken said it was on pm. So I can't blame him for this delay. The replacement check should arrive soon.

If ken could have just communicated this postage it would have avoided a whole rigmarole for the past 2 months.

In any case I unreservedly apologise to ken in light of this check arriving when all the evidence was pointing to a scam.

Update [April 30 2014]
The Missouri securities investigation is for real.
They are also investigating VMC and Ken himself.

Any disgruntled shareholders and customers are encouraged to contact make contact with the MSD to assist in their investigation into Ken.
https://i.imgur.com/MRJiuOB.jpg

Any Customer VMC or shareholder of AMC who has been scammed are encouraged to join the class action Law suit with Woodlaw (the same law firm representing Disgruntled BFL customers): http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation

Ken was given multiple opportunities by everyone to resolve the problems over the past 5 months and he has done nothing but string us all along in this scam.


Update [April 29 2014]
Of the 30 31 known Prospector boards ordered from VMC:

15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 didn't get delivered - waiting for 25 30 days (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5) waiting for confirmation of working unit - confirmed working by (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 2 weeks ago) not posted - converting to gold rush cards - details(delivery, timings etc) TBA Conversion to gold rush didn't happen because it was "already posted" according to ken. Tracking confirmation - TBA
1 orderd by VinceSaimos - 2 weeks ago today - yet to be posted

Mining farm up to 70TH/s http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
maybe this is where all the missing cards are ending up?
 

Update [April 29 2014]
Gold Rush cards 720MH/S on sale on the VMC website. ROI looks good. Lets hope ken can actually get it right. I might even buy one myself if he doesn't screw people over.

Rogerli9 is converting his order (below) to the gold rush card - presumably as compensation for late delivery.

Update [April 26 2014]  - current status of the prospector customers that have made their order status known to me.

Of the 30 known Prospector boards ordered from VMC:

15 Delivered are dead on arrival - still waiting for replacement - (computerjesus/ Kodemadge)
4 didn't get delivered - waiting for 25 days (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5) waiting for confirmation of working unit (emjay47)
6 ordered by rogerli9 (ordered 2014-04-11 - 2 weeks ago) not posted - converting to gold rush cards - details(delivery, timings etc) TBA


It's clear to anyone that VMC is royally shafting anyone who crosses the paths with them. Even bargraphics working 2 prospectors are habitually failing:  http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL



Update [April 24 2014]  
Ken has "sent the refund check." He says that he posted one back in Feb that has not been cashed. So he's cancelled it and sent a new one today. I asked for it to be sent recorded delivery but it had already been sent. When I asked him about ask the other refunds from other customers he relented that he bumped me to the top of the list to get me to stfu. I will only stfu once everyone who asked for a refund gets a refund.


Update [April 21 2014]  
Ken Has on PM promised the refund will go out today. I will only believe this once it materialises and I can cash it at my bank... OR BTC refund is given - Pics to follow

Update [April 21 2014]   Computerjesus and Kodemadge are friends and they were talking about the same order I've updated the DOA rate to 60% accordingly.

So, of the 36 25 known boards ordered:

15 Delivered are dead on arrival (computerjesus/ Kodemadge)
4 didn't get delivered (emjay47)
4 delivered and working. (2 to bargraphics & 2 to 'unknown user')
1 Delivered (of 5) waiting for confirmation of working unit (emjay47)
1 12 Delivered Dead On arrival-  (kodemage)


Update [April 21 2014]  
This is Bargraphics mining pool http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL

Note that his 2 prospectors went offline 2 days ago (21-apr-14 @ 18:00)

This is Active Mining: http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
Note that their theoretical limit of 50TH/S (given the 75% failure rate) was exceeded to 60TH/S (21-apr-14 @ 21:00)

Is bargraphics lending Active Mining their own cards back to bump up the farm?

note that bargraphics was the first - by 2 weeks to get hold of a prospector from VMC before anyone else - and post pics of it and the setup guide in almost no time at all...


Update [April 21 2014]  
I have opened a reddit thread to discuss there: https://pay.reddit.com/r/BitcoinMining/comments/23nlkt/vmc_virtual_mining_corporation_massive_74_doa/

Update [April 21 2014]  
From Dogie's Comprehensive Manufacturer Trustworthiness Guide
https://bitcointalk.org/index.php?topic=456691.0
Quote
Hashfast - Finally delivering, however high failure rates in initial batch. Batches continue to be delayed. MPP scheme soon to be shipping

Given that VMC are just reselling used hashfast boards re branded as VMC prospectors it doesn't surprise me that there is a massive 64% 75% failure rate in these 'used' boards with thermal paste all over them now going out to unsuspecting customers.

Care to comment Ken? or the shills who are supporting him?

Edit: The prospector boards are in fact overclocked Hashfast Babyjet boards of which there was a high failure rate because of broken temperature sensors. Interestingly, the same 'firmware'/ DOA problems being reported in the initial batch of VMC Prospectors are one and the same problem being reported in the babyjet users thread: https://bitcointalk.org/index.php?topic=426644.0 and are as yet unresolved.

If you get a DOA board from VMC you had better use that 10 day warranty ASAP





Update [April 21 2014]   So far, only three five people have confirmed receipt of the Prospector Boards. But the prognosis isn't great.

of the 25 36 known boards ordered:

15 Delivered are dead on arrival (computerjesus)
4 didn't get delivered (emjay47)
4 delivered and working. (bargraphics & unknown user)
1 Delivered (of 5) waiting for confirmation of working unit (emjay47)
1 12 Delivered Dead On arrival-  (kodemage)

One is user bargraphics who has a massive mining operation he provided links pics of his purchase.

The other is user emkay47 who ordered five and only received one:

Quote
So guys , its been 20 days , i converted my November paid pre-order to 5 x Prospector Boards .
So far , i have only received 1 prospector board . I was told that somehow they did not ship rest of my 4 boards along with 1 i received . I'm tired messaging on website as well to Ken .
I have no idea when my rest 4 board will actually ship .

I even ordered a few Harness Kits around a week back , even that has not been shipped yet .

Ken , please speed up your logistics , I don't seem to understand why would it take 20 days to ship out a few boards which where placed on order together .

If its going to take more time to ship out , let me know , i might be able to arrange a friend of mine to pick those up from you and my friend can DHL it to me .

Ken , please sort this out .

Lastly a reddit user https://pay.reddit.com/r/BitcoinMining/comments/22ymey/fast_has_one_prospector_help/cgyps4h

who received 12 cards a card and could not get any of them working only to be shirked by ken - outcome unknown.

Edit: found another user computerjesus  who ordered 14 prospectors and could not get any of them working with the obvious silent treatment from scammer Ken.
see: https://bitcointalk.org/index.php?topic=560034.msg6271685#msg6271685
and : https://bitcointalk.org/index.php?topic=560034.msg6317813#msg6317813

Quote
... the IC's were completely covered with thermal past. I will repost when I get in contact with ken and we find a solution to this problem. But please reply if anyone has any ideas.

This would suggest that ken is selling old miner cards that were used in a mining farm and are thus NOT new but second hand.  Care to comment Ken? or any of the shills?


Edit: one other (unknown user) who seems to be doing it right - and good luck to him. http://eligius.st/~wizkid057/newstats/userstats.php/16n9rn1agFhpepzP5WLJumfgKQEt4qRMYQ

Update [April 21 2014] Here is the BTC address I requested BTC to be refunded into at the current exchange rate of course, fiat check is acceptable, but for convenience, BTC is also accepted to end this madness and for the public to see for themselves that VMC is a scam : https://blockchain.info/address/1CcaUYYkkHZxJKiCnHae7tcMRJzE9QSSQY $769

Update [April-20-2014] Kens deadline of a check 4 weeks ago  - "Refunds will be processed in 2-4 weeks." has not been honored. This is another lie by kenneth slaughter, CEO of VMC.

Admins on the active mining shareholder thread have told me to "fuck off" and that I "have no right to free speech" because I have asked them for help in recovering my own money from VMC.

update: [April-16-2014] active mining farm running: http://eligius.st/~wizkid057/newstats/userstats.php/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCa
Note that the shareholders have given over millions of dollars yet are actively being denied rights to ownership or profits.

Update - [April-16-2014]: false promises of Ken on PM

Quote
January 30, 2014, 02:25:51 AM
We have a back log in refunds and are processing those as fast as we can.  If you have requested a refund from customer support then it is being worked on.

February 05, 2014, 01:11:34 AM »
That should have been processed, please contact customer service and tell them it has been 7 weeks.

February 05, 2014, 11:04:02 PM »
We had a little problem in December with BTC processing, so all Bitcoin refunds have to be checked, so that may be the hold up.  I will look into why you refund has not be sent.

February 27, 2014, 07:13:29 PM »
Virtual Mining is currently processing and confirming pre-order refund requests.

March 10, 2014, 12:10:40 AM »
Refund to you ASAP.

March 11, 2014, 01:28:16 AM »
I have just hired a new customer service rep.

March 17, 2014, 03:57:11 PM »
Refunds will be processed in 2-4 weeks.

April 01, 2014, 07:29:34 PM »
Me:Ken, Given that refunds will never be processed, I'll take this deal to accept product from you instead of a refund.
Ken: I don't think so, we will just send you a refund.

April 07, 2014, 02:26:10 PM »
We will be issuing you a check soon.


**Edit another thread discussing the post deletion by Kenneth Slaughter CEO of VMC here: https://bitcointalk.org/index.php?topic=253282.0


Note: I will publicly reatract scam accusations once the money that has been stolen by VMC from me has been returned.
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magzy
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February 28, 2014, 04:02:00 AM
Last edit: April 16, 2014, 05:35:32 AM by magzy
 #2

I honestly don't think that this company is a scam from the outset but the problems of non delivery are due to poop planning and incompetent management.

Refunds are not being processed as per statements being put out.

I personally have been asking for 10 weeks [edit april 16th 2014] 4 and a half months for a refund and have not received it.

I have sent:  

31 messages to customer service through the website
14 emails (10 of which returned as not delivered because of their email server being down)
10 posts on this forum  
6 PM's to Kenneth slaughter on this forum  

All I ever get is one of the following.

1. "your refund has been processed"
            "ok when was it processed, when was the check sent?"
<No Response>

2." we have a backlog of refunds and are processing these as fast as we can"

3. "We process refunds on a Friday so if it doesn't get processed then please let me know"
              "yes but I asked foe the refund 10 weeks ago and I still don't have the check"
<silence>

4.  Me" "where is my refund Kenneth?"
      " Please can you send me your order number"
"I have given you my order number twice already"
<Silence - deletes all posts on official mining thread>







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February 28, 2014, 04:11:22 AM
 #3

Just to keep us updated of this refund refusal today I sent the following Message  number 31 to Customer service of VMC

Hi,

Please process my refund

My order Order Reference is XXXXXXXXX -- placed on 2013-12-XX


My address is:
XXXXXXXXX
XXXXXXX
XXXXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXXX

total Price: $XXXXX

Thanks,
"Magzy"
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February 28, 2014, 04:30:42 AM
 #4

Don't forget that i have a topic too: https://bitcointalk.org/index.php?topic=253282.0

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February 28, 2014, 06:15:41 PM
 #5

Bankruptcy would be Kens dream, as he has already funneled funds to all his family members.  What he needs are criminal charges.

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March 04, 2014, 07:07:45 PM
 #6

not sure what you did wrong but I got my refund in less than 2 weeks time from first contact.

quote defcoin ==== LOL... oh no, the coin is dead cause $DEV doesn't live on BCT! When will you people learn that everything on here is completely irrelevant next to useless. Devs need to stop using it all together, only then can crypto begin to flourish. It's such a shame that people consider this shit hole to be the pinnacle of information when it comes to developments. I don't blame $DEV for not coming on here, and frankly I am embarrassed that I even check BCT myself.
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March 04, 2014, 08:48:41 PM
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Hi

So how do we do to be able to take any legal action in this matter?
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March 05, 2014, 10:19:54 AM
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Quote
Your message to VMC Shop Customer Service
 
Your message has been sent successfully.

Message: Two orders (YGWVIHVWH) and (HAKEGRWPW) were placed with shipping date 31-12-2013. The shipments have been moved to 22th February according to some previous contacts. Is the shipment date still valid, or again delayed?

Kind regards,

Chi Wai

Quote
Dear Customer,
These are pre-order products and we go by order queue the quote given to you was for Feb 22-March 20th.Unfortunately you are in the queue for March 20th.

Regards,
Customer service

Positive thinking! They will deliver!
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March 10, 2014, 08:28:03 PM
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From the ACM-thread.
   
Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated]
March 08, 2014, 11:17:04 PM
Reply with quote  #609
Timer removed. End time: 2014-04-01+00:00:00UTC 

Until we get some sufficient evidence, information, shares, etc else I will be filing a complaint here once above timer ends.

I have made initial contact with this law firm as well in preparation.  If this "news" in "two weeks" is the same old words of little value then I will proceed further.

If anyone would like to join me feel free to PM me at the appropriate time (2014-04-01)

Your move Ken.


// I expect this to get censored.
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March 10, 2014, 09:20:33 PM
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From the ACM-thread.
   
Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated]
March 08, 2014, 11:17:04 PM
Reply with quote  #609
Timer removed. End time: 2014-04-01+00:00:00UTC 

Until we get some sufficient evidence, information, shares, etc else I will be filing a complaint here once above timer ends.

I have made initial contact with this law firm as well in preparation.  If this "news" in "two weeks" is the same old words of little value then I will proceed further.

If anyone would like to join me feel free to PM me at the appropriate time (2014-04-01)

Your move Ken.


// I expect this to get censored.

Don't forget to post news!

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March 11, 2014, 12:05:29 AM
 #11

Just to keep us updated of this refund refusal today I sent the following Message  number 31 to Customer service of VMC

Hi,

Please process my refund

My order Order Reference is XXXXXXXXX -- placed on 2013-12-XX


My address is:
XXXXXXXXX
XXXXXXX
XXXXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXXX

total Price: $XXXXX

Thanks,
"Magzy"

Following this I got a message from Kenneth offering me a special deal "just for me" and "not to post it"

"Yes, we can do that for you.  This information is just for you, please don't post it.  This offer is just for you as I have not put all the plan together.  If you want I will be able to ship you a 675 GH/s board in the next 3-4 weeks for the same money as you paid.  This is a special deal for you only.  We will be providing all of our pre-order customer a special deal.  Let me know if you want this one or a refund."

So I gave him the benefit of the doubt

"
Kenneth,

We have a deal but I have to insist on a few conditions.

If you can't agree to any of these then I insist that the refund be processed.

1. If the unit is not delivered to me in hand in 5 weeks from today (March 2nd 2014) then the order is cancelled and a refund will be given.

2. I want regular weekly updates as to the status of manufacture, development, testing and any deviation from the original 3-4 week deadline Failure to supply this information will result in the cancellation of the order and a refund given.

3. I need to see a picture of the production facility, the actual unit, and the unit running mining software to the specified hash rate of ~640GH/s (include pictures of the monitor with your name and date on a piece of paper)

4. No funny business, shysting, ignoring, skirting the truth, bending the rules.

5. If you uphold this side of the deal then then I will at your disposal post noting but good things about VMC and the miners on the forum.

Please advise"

He Got back saying the following:

"Deal; however, number 3 will be only running at 500 GH/s as I am giving you our fastest running board which is about 3 weeks from me having a prototype board.  I may have one sooner, than that."

a week later:

"Dear Kenneth,

1 week as passed and as part of our agreement I wanted a picture of the unit running and a weekly update of the process.

May I remind you that as part of the deal you agreed to send me these 2 artifacts or the deal would be off.

Please send these at your earliest convenience. If you can't do this then the deal is off and I request my refund.

Thanks,
Magzy"

The then immediately replied:
"Ok, Deal is off.  Refund to you ASAP."


Will the refund will be dangled like a carrot never to be given? Or will he actually give me the money back?

It's been 3 months since asking for it back.

This is the worst company in the world I have ever had the displeasure to deal with.

Refund the Money kenneth - stop being a dick




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March 13, 2014, 12:53:15 AM
 #12

I just now requested a refund just now for order #QORQEBOJA placed on 2013-08-07 using BTC via Mt. Gox for $8,348.00 total

I will let you guys know how it goes.  Huh
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March 13, 2014, 12:58:46 AM
 #13

I just now requested a refund just now for order #QORQEBOJA placed on 2013-08-07 using BTC via Mt. Gox for $8,348.00 total

I will let you guys know how it goes.  Huh

You have more chance of getting money out of the now defunct Gox than Kenneth Slaughter of VMC. He's a scam artist.
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March 13, 2014, 02:37:01 AM
Last edit: March 13, 2014, 04:13:54 AM by CoinHoarder
 #14

I just now requested a refund just now for order #QORQEBOJA placed on 2013-08-07 using BTC via Mt. Gox for $8,348.00 total

I will let you guys know how it goes.  Huh

You have more chance of getting money out of the now defunct Gox than Kenneth Slaughter of VMC. He's a scam artist.


That's kind of the way I feel, but I will give them a chance before passing judgement. Just as I decided to give Ken a chance by ordering ASICs from him. I kind of felt like he was the red headed step child of Bitcoin ASIC land. A few people at the San Jose Bitcoin conference told me they had met him and he was weird. A lot of people have been giving him a hard time on the forums since forever. At that point I kind of felt bad for him and decided to give him the benefit of the doubt and some business... and I still feel like he has genuine intentions. I just think he is in way over his head at this point and I would like the money back.

To break even he would need to deliver me like 10x-50x (who knows when they'll actually ship) the equipment he would have had to deliver in December for me to make the same amount of Bitcoins. It is simply unfeasible. A couple months ago (I think) Ken told me personally that they would ship more equipment to allow us to at least break even in USD. I don't feel like he was lying to me when he said that he would, but it is the fact that it is just totally unbelievable at this point because of the length of the delays and the ballooning network difficulty.

I still feel he has good intentions and refuse to believe otherwise unless ActM/VMC turn out to be a complete scam. Delays with refunds are understandable IMO... there can be many unforeseen factors hindering refunds that he cannot release details on publicly due to the thin line he's walking as far as regulatory status. It sounds like they got Goxxed too.
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March 17, 2014, 04:00:22 AM
 #15

I just now requested a refund just now for order #QORQEBOJA placed on 2013-08-07 using BTC via Mt. Gox for $8,348.00 total

I will let you guys know how it goes.  Huh

You have more chance of getting money out of the now defunct Gox than Kenneth Slaughter of VMC. He's a scam artist.


That's kind of the way I feel, but I will give them a chance before passing judgement. Just as I decided to give Ken a chance by ordering ASICs from him. I kind of felt like he was the red headed step child of Bitcoin ASIC land. A few people at the San Jose Bitcoin conference told me they had met him and he was weird. A lot of people have been giving him a hard time on the forums since forever. At that point I kind of felt bad for him and decided to give him the benefit of the doubt and some business... and I still feel like he has genuine intentions. I just think he is in way over his head at this point and I would like the money back.

To break even he would need to deliver me like 10x-50x (who knows when they'll actually ship) the equipment he would have had to deliver in December for me to make the same amount of Bitcoins. It is simply unfeasible. A couple months ago (I think) Ken told me personally that they would ship more equipment to allow us to at least break even in USD. I don't feel like he was lying to me when he said that he would, but it is the fact that it is just totally unbelievable at this point because of the length of the delays and the ballooning network difficulty.

I still feel he has good intentions and refuse to believe otherwise unless ActM/VMC turn out to be a complete scam. Delays with refunds are understandable IMO... there can be many unforeseen factors hindering refunds that he cannot release details on publicly due to the thin line he's walking as far as regulatory status. It sounds like they got Goxxed too.
+


I sort of agree with your sentiment but Kenneth slaughter is a lying tw@t who is still actively scamming people - he's still accepting orders for non existent miners isn't he? He's not giving refunds (he says he is but I can attest that in asking for it for the last three months he's out and out lied)
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April 01, 2014, 10:44:14 PM
Last edit: April 20, 2014, 04:26:38 AM by magzy
 #16

where are our refunds ken???
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April 07, 2014, 03:22:04 AM
Last edit: April 07, 2014, 08:05:47 AM by magzy
 #17

Here is the customer service dialog I have had to endure with VMC in order to get my money back.

If you order from VMC expect the same treatment

(Read from bottom up)


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April 07, 2014, 04:40:07 AM
 #18

not sure what you did wrong but I got my refund in less than 2 weeks time from first contact.

What he did wrong was ask for a refund before his wire transfer had cleared the bank.  This caused his refund request to be rejected as the order had not been paid.  Then, when his wire transfer cleared the bank it was not marked as accepted on his account, most likely due to his refund request above.  Now, it took another month for his payment to be accepted on his account.  Now, his refund request most likely was in limbo due to it being reject above.  Now, when that was cleared up his refund request was on the bottom of the stack.  Now, that is where it is now as we are waiting to start refunds again within the next week or so.  That being said, since he complained the the Missouri Attorney General office, we had to pull his refund from the stack and respond to the Attorney Generals office.  Therefore his refund is the very bottom of the stack.   
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April 07, 2014, 04:48:29 AM
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not sure what you did wrong but I got my refund in less than 2 weeks time from first contact.

What he did wrong was ask for a refund before his wire transfer had cleared the bank.  This caused his refund request to be rejected as the order had not been paid.  Then, when his wire transfer cleared the bank it was not marked as accepted on his account, most likely due to his refund request above.  Now, it took another month for his payment to be accepted on his account.  Now, his refund request most likely was in limbo due to it being reject above.  Now, when that was cleared up his refund request was on the bottom of the stack.  Now, that is where it is now as we are waiting to start refunds again within the next week or so.  That being said, since he complained the the Missouri Attorney General office, we had to pull his refund from the stack and respond to the Attorney Generals office.  Therefore his refund is the very bottom of the stack.  

That's a whole lot of excuses right there.  Just refund the OP their money already.  It's garbage like this that would prevent anyone like myself from ever ordering from you.
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April 07, 2014, 04:51:14 AM
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not sure what you did wrong but I got my refund in less than 2 weeks time from first contact.

What he did wrong was ask for a refund before his wire transfer had cleared the bank.  This caused his refund request to be rejected as the order had not been paid.  Then, when his wire transfer cleared the bank it was not marked as accepted on his account, most likely due to his refund request above.  Now, it took another month for his payment to be accepted on his account.  Now, his refund request most likely was in limbo due to it being reject above.  Now, when that was cleared up his refund request was on the bottom of the stack.  Now, that is where it is now as we are waiting to start refunds again within the next week or so.  That being said, since he complained the the Missouri Attorney General office, we had to pull his refund from the stack and respond to the Attorney Generals office.  Therefore his refund is the very bottom of the stack.   

Ken, are you saying now that I am at the bottom of the list when it comes to refunds next week?

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