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Author Topic: Gigamining / Teramining  (Read 201648 times)
jamesg
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February 07, 2013, 10:54:32 AM
 #1861

James,

It has been 2 weeks since my claim was received by the Law firm and nothing from them or you?  Can you look into my account please?

Thanks

Naelr

Hi Naelr,

I am waiting to receive this weeks verified claims. I will post when Quentin has given them to me.

Best,
James
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jamesg
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February 08, 2013, 06:36:45 PM
 #1862

To all Gigaminers:

I have received the updated list of claimants and have setup accounts for those claimants. If you have submitted all of your information but have not received an account, please get a hold of Quentin at the email below.

qpage at mylawyr dot com

The Terms of Service for upgrading to Teramining will be coming later today so we'll launch Teramining with the coming announcements on Monday.

Best,
James
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February 08, 2013, 07:49:30 PM
 #1863

To all Gigaminers:

I have received the updated list of claimants and have setup accounts for those claimants. If you have submitted all of your information but have not received an account, please get a hold of Quentin at the email below.

qpage at mylawyr dot com

The Terms of Service for upgrading to Teramining will be coming later today so we'll launch Teramining with the coming announcements on Monday.

Best,
James

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February 09, 2013, 12:01:48 AM
 #1864

To all Gigaminers:

I have received the updated list of claimants and have setup accounts for those claimants. If you have submitted all of your information but have not received an account, please get a hold of Quentin at the email below.

qpage at mylawyr dot com

The Terms of Service for upgrading to Teramining will be coming later today so we'll launch Teramining with the coming announcements on Monday.

Best,
James

Still nothing... James I hope your not paying this guy... if so you need some money back.... No email from you or him, I have emailed him before with no response but I will try again!  My claim was delivered on 01/23/2013....



naelr

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February 09, 2013, 12:14:42 AM
 #1865

Still nothing... James I hope your not paying this guy... if so you need some money back.... No email from you or him, I have emailed him before with no response but I will try again!  My claim was delivered on 01/23/2013....

naelr

Hi Naelr,

Please email me directly and we'll get it sorted out.

james at gigamining dot com

Best,
James
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February 09, 2013, 12:17:49 AM
 #1866

Still nothing... James I hope your not paying this guy... if so you need some money back.... No email from you or him, I have emailed him before with no response but I will try again!  My claim was delivered on 01/23/2013....

naelr

Hi Naelr,

Please email me directly and we'll get it sorted out.

james at gigamining dot com

Best,
James

email away sir!

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February 09, 2013, 02:40:57 PM
 #1867

To all Gigaminers:

The upgrade process to Teramining is now live!

Along with the release of the upgrade process, the contract has been extended to nine (9) months. This is a 50% increase in the overall length of the contract.

Please note that when you upgrade to Teramining, you are returning all rights to the Gigamining contract. This includes future payments.

If you have any questions, you can always email me.

james at gigamining dot com

Best,
James
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February 09, 2013, 02:50:48 PM
 #1868

To all Gigaminers:

The upgrade process to Teramining is now live!

Along with the release of the upgrade process, the contract has been extended to nine (9) months. This is a 50% increase in the overall length of the contract.

Please note that when you upgrade to Teramining, you are returning all rights to the Gigamining contract. This includes future payments.

If you have any questions, you can always email me.

james at gigamining dot com

Best,
James


Hi gigavps,

Does this mean I give up the PERPETUAL (forever) 5Mh/s (gigamining) share for a nine (9) month 25Mh/s share, isn`t it better to keep the Gigamining shares then?

Greetz
jamesg
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February 09, 2013, 03:03:28 PM
 #1869

Hi gigavps,

Does this mean I give up the PERPETUAL (forever) 5Mh/s (gigamining) share for a nine (9) month 25Mh/s share, isn`t it better to keep the Gigamining shares then?

Greetz

Hi PsychoticBoy,

I do not believe that it would be in your best interests for a couple reasons.

  • For the free upgrade you get four (4) Teramining PCUs for every one (1) Gigamining.
  • For the paid upgrade you get fifteen (15) Teramining PCUs for every one (1) Gigamining.
  • As Meni has pointed out, after the dust settles with the arrival of ASICs, the lifetime value of a Gigamining contract will eventually be very low.

So at a minimum, you are trading in a 5Mh/s perpetual contract for a 36Mh/s 9 month contract. It is of course up to you to do you own review of the situation and where we are headed.

Best,
James
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February 09, 2013, 03:46:17 PM
 #1870

FYI for those of you who do not follow the BFL forums.

https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html#post13792

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Chips have shipped from the fab and are on their way to the US.
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February 09, 2013, 09:58:41 PM
 #1871

Please tell me why dont you give us the possibility to sell our current gigamining assets to other users of gigamining like on glbse?
Where is the problem if users who are authenticates sell their assets to other users who are authenticates?
I don't want to make any upgrade because i only want my money back which i have invested in glbse and i want to waive on all collected payments which i would have gotten in the last months.
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February 09, 2013, 11:17:09 PM
 #1872

Please tell me why dont you give us the possibility to sell our current gigamining assets to other users of gigamining like on glbse?
Where is the Problem if Users who are authenticates sell their assets to other Users who are authenticates?
I don't want to make any upgrade because i only want my money back which i have invested in glbse and i want to waive on all collected payments which i would gotten in the last months.

because SEC
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February 10, 2013, 02:43:58 PM
 #1873

James, with the upgrade to Teramining now happening, could I get the Teramining contract posted somewhere? It's not in the OP, I can't find it on your website, and I don't know where in the 98 pages of this thread it might be hiding.

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jamesg
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February 10, 2013, 04:18:30 PM
 #1874

James, with the upgrade to Teramining now happening, could I get the Teramining contract posted somewhere? It's not in the OP, I can't find it on your website, and I don't know where in the 98 pages of this thread it might be hiding.

Hi theGECK,

Here is the link.

https://docs.google.com/document/d/15g0mjR1VQMr2866CDYI97nyyWA_UJZpX0uP8vrsDBzI/edit?usp=sharing

Best,
James
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February 10, 2013, 06:21:19 PM
 #1875

I have a question to you because your lawyer dont answer to any questions!
is it enough if my lawyer or a bailiff verify my signature?
jamesg
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February 10, 2013, 06:52:21 PM
 #1876

I have a question to you because your lawyer dont answer to any questions!
is it enough if my lawyer or a bailiff verify my signature?

If you are in the US, the documentation must be notarized. If you are outside the US, you must refer to how your country handles notarization and if they are a part of the Apostille convention then the documentation must be apostilled.
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February 12, 2013, 01:34:24 PM
 #1877

Missed payment yesterday. What's up?

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jamesg
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February 12, 2013, 01:36:58 PM
 #1878

Missed payment yesterday. What's up?

Please note that when you upgrade to Teramining, you are returning all rights to the Gigamining contract. This includes future payments.
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February 12, 2013, 02:18:11 PM
 #1879

Missed payment yesterday. What's up?

Please note that when you upgrade to Teramining, you are returning all rights to the Gigamining contract. This includes future payments.

Can we upgrade after clear notice from BFL that equipment is ready or atleast working?

Thank You

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SysRun
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February 12, 2013, 02:46:38 PM
 #1880

So what is the benefit of upgrading right now? I understand your benefit of having people trust you and upgrade so that you can pay them less than you would have to otherwise. I assumed that you would be acting in good faith and have no lag time during the upgrade process.

caveat emptor

here's your email, no mentions of "please note".

Obviously, I have no recourse, but I do not feel that I'm being treated fairly.

Quote
Hello fellow Gigaminers,

I know that it has been a long road moving past the closure of GLBSE and I want to thank you again for working through this process with me.

I am also very excited to announce that the upgrade path for the new Teramining contract is live. With the release of the upgrade process, I have also extended the contract to 9 months which is a 50% increase over the originally proposed length of the contract.

To upgrade, login to your account at the link below.

https://virtualprocessingsolutions.com/login

Find the big orange button that says "Upgrade to Teramining!" and you'll be on your way. Please also read through the contract so that you have a complete understanding of what the upgrade entails.

I am super excited for the ASIC revolution to get started and it is my hope that you will join me in this next evolution of mining.

Have a great weekend,
James

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