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Author Topic: Gigamining / Teramining  (Read 201714 times)
deeplink
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February 23, 2013, 10:37:16 PM
 #1941

the point which you keep avoiding is that it should be possible to revert all payments if people do not want to accept your new conditions.

Which payments? Payments made through GLBSE? or payments made to upgrade from Gigamining to Terramining?

People that do not want to accept the new conditions also do not want to upgrade to Terramining.

Which payments? ALL payments (price of shares minus dividends paid) have to be paid back.

For example, suppose I sell my old car to my car dealer and buy a new car from him. Then the car dealer calls me the next day and informs me that he cannot sell me the new car because he just found out about a law prohibiting him to sell it to me. What would you do? Give him back the new car and go home? Of course not, you would return the new car (Gigamining contract) but you wouldn't accept the car dealer to keep the money your paid or keep your old car (dividends).
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February 23, 2013, 10:44:07 PM
 #1942

So do I get this right that by your contract, early Teraminers get penalized by being excluded from their Gigamining Profits, while others that wait until you actually have received your equipment will gain Gigamining till that day and are then free to upgrade?

No. Those who have turned in their Gigamining contracts before Feb 15th, 2013 will start mining with me as soon as I have the equipment up and running. Those who wait, will be able to upgrade but will follow the letter of the contract.

In essence, the bonuses for turning Gigamining in early is much greater than waiting as the most profitable time to mine with this new equipment is when it first turns on.

So we are talking about 10 days difference for those who decide to wait? I think thats not really a lot, considering that the equipment might only arrive in months.
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February 23, 2013, 10:55:59 PM
 #1943

People that do not want to accept the new conditions also do not want to upgrade to Terramining.

Which payments? ALL payments (price of shares minus dividends paid) have to be paid back.

For example, suppose I sell my old car to my car dealer and buy a new car from him. Then the car dealer calls me the next day and informs me that he cannot sell me the new car because he just found out about a law prohibiting him to sell it to me. What would you do? Give him back the new car and go home? Of course not, you would return the new car (Gigamining contract) but you wouldn't accept the car dealer to keep the money your paid or keep your old car (dividends).

How much did you pay Gigavps for your bonds, for how many bonds, and how much in dividends have you been returned? If you can confirm that you bought shares directly from Giga then comparing Giga to a car dealer and Gigamining to a (leased) car is reasonable. If you did not buy bonds directly from Giga, then you're out of luck as there is no Kelly Blue Book of mining bonds.

I'm having a hard time understanding the example you are proposing and the point you're trying to convey. A lease situation would make more sense.

So we are talking about 10 days difference for those who decide to wait? I think thats not really a lot, considering that the equipment might only arrive in months.

10 days might be a lot depending on how many shares you own and what the difficulty is at the time.
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February 23, 2013, 11:08:21 PM
 #1944

People that do not want to accept the new conditions also do not want to upgrade to Terramining.

Which payments? ALL payments (price of shares minus dividends paid) have to be paid back.

For example, suppose I sell my old car to my car dealer and buy a new car from him. Then the car dealer calls me the next day and informs me that he cannot sell me the new car because he just found out about a law prohibiting him to sell it to me. What would you do? Give him back the new car and go home? Of course not, you would return the new car (Gigamining contract) but you wouldn't accept the car dealer to keep the money your paid or keep your old car (dividends).

How much did you pay Gigavps for your bonds, for how many bonds, and how much in dividends have you been returned? If you can confirm that you bought shares directly from Giga then comparing Giga to a car dealer and Gigamining to a (leased) car is reasonable. If you did not buy bonds directly from Giga, then you're out of luck as there is no Kelly Blue Book of mining bonds.

I'm having a hard time understanding the example you are proposing and the point you're trying to convey. A lease situation would make more sense.

I bought my shares directly from giga. If he doesn't want to/can't honor the original contract he could easily revert it. Of course I got nothing.
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February 23, 2013, 11:10:08 PM
 #1945

So do I get this right that by your contract, early Teraminers get penalized by being excluded from their Gigamining Profits, while others that wait until you actually have received your equipment will gain Gigamining till that day and are then free to upgrade?

No. Those who have turned in their Gigamining contracts before Feb 15th, 2013 will start mining with me as soon as I have the equipment up and running. Those who wait, will be able to upgrade but will follow the letter of the contract.

In essence, the bonuses for turning Gigamining in early is much greater than waiting as the most profitable time to mine with this new equipment is when it first turns on.

To Giga:
That sounds unfair.. from one side those who do NOT read and upgraded early are loosing coins - OK but what about recently claimed or not claimed at all accounts. For me 10 days is A diff change and it makes a big difference in the profits. If not all most of us bought gigamining shares just because of the upgrade and the fact that You will be one of the first big players. And the impression was (you said it somewhere in that topic) that Terramining will start hours after receiving equipment.

IMO 2-3 days is enough compensation for not reading a text.

If you look it the other way around early upgraders will not take any profit from the fact that laters are not mining, because you will!!!

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Lucidize
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February 24, 2013, 03:17:52 PM
 #1946

I'm still non the wiser on a partial upgrade.
Is it all or nothing?

Thanks.

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February 24, 2013, 04:53:44 PM
 #1947

I'm still non the wiser on a partial upgrade.
Is it all or nothing?

Thanks.

Hi Lucidize,

I sent you am PM on the forums here asking you to email me what you wanted to do. I don't mind partial upgrades, but it is not programmed into the VPS site at this time so I will require a bit a manual intervention.

Best,
James
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February 25, 2013, 10:47:47 AM
 #1948

So do I get this right that by your contract, early Teraminers get penalized by being excluded from their Gigamining Profits, while others that wait until you actually have received your equipment will gain Gigamining till that day and are then free to upgrade?

No. Those who have turned in their Gigamining contracts before Feb 15th, 2013 will start mining with me as soon as I have the equipment up and running. Those who wait, will be able to upgrade but will follow the letter of the contract.

In essence, the bonuses for turning Gigamining in early is much greater than waiting as the most profitable time to mine with this new equipment is when it first turns on.

Ok, but those who do their upgrade now, will get the same as the people that wait for the chips to arrive, less  their gigamining profits, right? So it is defenitely not recommended to do the upgrade now, right?

Also who does or did the upgrade, looses all rights to gigamining and runs the risk that ASCI Chips will never arrive and he looses everything. Right?

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February 25, 2013, 12:34:10 PM
 #1949

Ok, but those who do their upgrade now, will get the same as the people that wait for the chips to arrive, less  their gigamining profits, right? So it is defenitely not recommended to do the upgrade now, right?

Also who does or did the upgrade, looses all rights to gigamining and runs the risk that ASCI Chips will never arrive and he looses everything. Right?

Hi bixcoin,

You can do whatever you like. Monday payments have gone out so you should have received all of your back payments and today's payment.

Best,
James
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February 25, 2013, 01:24:43 PM
 #1950

On the 9th of Feb, 16 days ago, I sent to Quentin & James my apostilled affidavit claim plus a apostille of my passport (as an extra - in all it ended up costing me well over $150) & asked for it's receipt to be acknowledged to me so that I could know it was being processed because I have never once had one single reply from Quentin as yet to any of my emails & questions, when this didn't happen I wrote to James a few times to chase this up & he has been very prompt at replying & agreed to include me in the early ASIC mining group as I have had my claim pending since before that was announced & have stated my desire to make the paid upgrade from the beginning, I don't know why James can't just process this himself but anyway I really hope that it may finally get to be done this Tuesday, the 26th, so it can be wrapped up before BFL hopefully start shipping ASICs in early March.

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February 25, 2013, 01:30:29 PM
 #1951

Ok, but those who do their upgrade now, will get the same as the people that wait for the chips to arrive, less  their gigamining profits, right? So it is defenitely not recommended to do the upgrade now, right?

Also who does or did the upgrade, looses all rights to gigamining and runs the risk that ASCI Chips will never arrive and he looses everything. Right?

Hi bixcoin,

You can do whatever you like. Monday payments have gone out so you should have received all of your back payments and today's payment.

Best,
James

What I would like to is selling my Gigamining Bonds, but I guess this is impossible, right? I dont understand why you cant just tell me if I see all this right or not. I am not spending all day long in the forum and dont get all the news.
So please tell me:

Is there any way to sell my Gigamining Bonds if someone is willing to buy them?
Is there any advantage in doing the upgrade now instead of after your hardware arrived?
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February 25, 2013, 01:34:44 PM
 #1952

On the 9th of Feb, 16 days ago, I sent to Quintin & James my apostilled affidavit claim plus a apostille of my passport (as an extra - in all it ended up costing me well over $150) & asked for it's receipt to be acknowledged to me so that I could know it was being processed because I have never once had one single reply from Quintin as yet to any of my emails & questions, when this didn't happen I wrote to James a few times to chase this up & he has been very prompt at replying & agreed to include me in the early ASIC mining group as I have my claim pending since before that was announced & have stated my desire to make the paid upgrade from the beginning, I don't know why James can't just process this himself but anyway I really hope that it may finally get to be done this Tuesday, the 26th, so it can be wrapped up before BFL hopefully start shipping ASICs in early March.


Hi Otoh,

I have asked Quentin to double check with his office regarding your claim and a few others. I will be getting in touch with Quentin this morning to review what happened with the check on Friday.

If you would like to scan your documents and send them to me directly, I will be happy to review and process the claim today.

Best,
James
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February 25, 2013, 01:37:11 PM
 #1953

Is there any way to sell my Gigamining Bonds if someone is willing to buy them?

No.

Is there any advantage in doing the upgrade now instead of after your hardware arrived?

Not any longer.
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February 25, 2013, 02:00:26 PM
 #1954

So do I get this right that by your contract, early Teraminers get penalized by being excluded from their Gigamining Profits, while others that wait until you actually have received your equipment will gain Gigamining till that day and are then free to upgrade?

No. Those who have turned in their Gigamining contracts before Feb 15th, 2013 will start mining with me as soon as I have the equipment up and running. Those who wait, will be able to upgrade but will follow the letter of the contract.

In essence, the bonuses for turning Gigamining in early is much greater than waiting as the most profitable time to mine with this new equipment is when it first turns on.
b
Hey, but I want to upgrade since December, but I haven't such a possibility. And you could check that because I have mailed you about that.
I kept my giga bonds in believe that I will profit from early mining with paid upgrade which you made me think is possible. Didn't you?
I know that you are scared of your government, but third party (government) doesn't change deal between you and bond holders.
For me as a foreigner and free man your government is a third party as anyone else.
I understand you, but it isn't fair in my opinion.
You could give possibility to upgrade bonds without claiming (before claiming).
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February 25, 2013, 02:06:23 PM
 #1955

...I have massaged you...

You didn't have to share that...  Tongue
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February 25, 2013, 02:08:21 PM
 #1956

Is there any way to sell my Gigamining Bonds if someone is willing to buy them?

No.
---//

Here is where all Investors that were/are not able to claim, got F'ed in the A.
Bend over Wink
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February 25, 2013, 02:09:44 PM
 #1957

On the 9th of Feb, 16 days ago, I sent to Quintin & James my apostilled affidavit claim plus a apostille of my passport (as an extra - in all it ended up costing me well over $150) & asked for it's receipt to be acknowledged to me so that I could know it was being processed because I have never once had one single reply from Quintin as yet to any of my emails & questions, when this didn't happen I wrote to James a few times to chase this up & he has been very prompt at replying & agreed to include me in the early ASIC mining group as I have my claim pending since before that was announced & have stated my desire to make the paid upgrade from the beginning, I don't know why James can't just process this himself but anyway I really hope that it may finally get to be done this Tuesday, the 26th, so it can be wrapped up before BFL hopefully start shipping ASICs in early March.


I have similar situation "have stated my desire to make the paid upgrade from the beginning" but I do not understand what claim have to do with bonds operating, if James have exactly know earlier which bonds are desired by owner to get upgraded (confirmed with email).

James, I don't want to get in discussion I just want to get my bonds upgraded as tech possible and get my profit, just give me an address where to transfer BTC for upgrade.

BTW my claim was send wit CC to you.
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February 25, 2013, 02:11:48 PM
 #1958

...I have massaged you...

You didn't have to share that...  Tongue


edited, mailed

Sorry for my en, I'm not native.
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February 25, 2013, 02:13:39 PM
 #1959

Is there any way to sell my Gigamining Bonds if someone is willing to buy them?

No.
---//

Here is where all Investors that were/are not able to claim, got F'ed in the A.
Bend over Wink

Hmmm.., isn't there possibility to let someone claim them for you, just empty and give him you wallet redirect some emails, that is pretty all you need to do?
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February 25, 2013, 02:18:20 PM
 #1960

Hmmm.., isn't there possibility to let someone claim them for you, just empty and give him you wallet redirect some emails, that is pretty all you need to do?

Your claim request did not include everything that is required. Please read through the posts at the link below and follow the directions.

https://bitcointalk.org/index.php?topic=127437.0

Just because you want to upgrade to Teramining does not mean you should not follow the directions given.

Please send through the proper paperwork and your claim will be processed, verified and paid.

Best,
James
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