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Author Topic: Gigamining / Teramining  (Read 201390 times)
Otoh
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April 19, 2013, 08:06:41 PM
 #2181

Otoh, i dont understand your comment about India.
Besides why India dragged here?

I remembered an Indian mining op that you sold shares for long ago, so unless I'm mistaken you operate there, no?
Yes, i operated a mining company & i never mentioned its an Indian company anywhere & when i can't able to operate, i bought back all the shares & closed it.
What is the need for you to call India & my mining company here in gigamining thread?

Your mining op was totally 'mentioned' as being located in India from the start, when it failed due mostly to being in India & the challenges that raised for mining that you hadn't adequately anticipated & allowed for, then it is of great credit to you that you eventually bought back all the shares when you had to close it, I don't remember if people ended up losing money by backing you but they certainly never made any & it was not a good investment for them by any means, usual story the btc price was rising fast - your assets were in fiat payed equipment, difficulty rising, inadequate electricity supply, faulty hardware, the whole thread was a tale of woe, just about everything that could have gone wrong did so.

I mentioned 'only in India' as a lite comment on your posts in this thread, you have a persistent & imo pernickety style that I chose to satirize a little, feel free to satirize mine anytime Grin

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BurtW
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April 19, 2013, 08:28:19 PM
 #2182

Question:
Or If i send email for my claim with id proof, address proof, tax id, without notarization, apostille, will it be accepted?
YES.

James, i want you to confirm this statement as you may have read fast & misunderstood.
Please confirm your reply.

Answer (again):
Or If i send email for my claim with id proof, address proof, tax id, without WITH notarization, apostille, will it be accepted?

Fixed for clarification. Documentation without verification is not acceptable for a claim.

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April 19, 2013, 08:34:55 PM
 #2183

James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?
nebulus
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April 19, 2013, 08:44:56 PM
 #2184

James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?
Something called reappropriation...

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April 20, 2013, 07:45:45 AM
 #2185

James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?

He will get a scammer tag hopefully
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April 20, 2013, 08:11:38 AM
 #2186

James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?

it is simply.
take it or leave it.

may be he will donate the dividends for something useful

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April 20, 2013, 09:22:55 AM
 #2187

James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?
James?
dishwara
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April 20, 2013, 09:50:28 AM
 #2188

FAQ
Q: Where can I see all coupon payments made to date?
A: All coupon payments can be found at http://gigamining.com/

I try to find the dividend payments there, but its showing hash rate.
Can you tell me from where i can know how much dividend accumulated for my shares?
jamesg
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April 20, 2013, 11:50:10 AM
 #2189

FAQ
Q: Where can I see all coupon payments made to date?
A: All coupon payments can be found at http://gigamining.com/

I try to find the dividend payments there, but its showing hash rate.
Can you tell me from where i can know how much dividend accumulated for my shares?

https://virtualprocessingsolutions.com/
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April 20, 2013, 02:09:17 PM
 #2190

FAQ
Q: Where can I see all coupon payments made to date?
A: All coupon payments can be found at http://gigamining.com/

I try to find the dividend payments there, but its showing hash rate.
Can you tell me from where i can know how much dividend accumulated for my shares?

https://virtualprocessingsolutions.com/

oops, thanks.
Otoh
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April 21, 2013, 09:24:45 AM
 #2191

BFL ASIC up date

BFL Jalapeno Unboxing and Demo (with video) (codinginmysleep.com)

http://www.youtube.com/watch?v=_6mmTRheUzg

Just to be clear, this isn't an official shipped-to-customer unit, this was provided to me as a member of the media and a developer. Customers' units should be shipping very soon*, I think I only got this first because they overnighted it.

"1 week out"*

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Otoh
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April 23, 2013, 08:23:06 AM
 #2192

Butterfly Labs ships jalapeños


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jamesg
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April 23, 2013, 12:12:35 PM
 #2193

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James
johnlu
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April 23, 2013, 01:02:37 PM
 #2194

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

So, gigavps, I understand that you're receiving your order this week. Can you tell us anything about this? You said that you'd tell us in case you know anything about this.

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jamesg
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April 23, 2013, 01:14:17 PM
 #2195

So, gigavps, I understand that you're receiving your order this week. Can you tell us anything about this? You said that you'd tell us in case you know anything about this.

Equipment will be pouring in slowly (not all at once). BFL is still working on issues related to energy consumption.

The Teramining contract will not officially start until all of the equipment is in. But we will be mining and dispersing coins based on equipment that does arrive. I have no idea at this time how much equipment BFL will be able to produce.

If you have not upgraded, you have two options.

  • Upgrade and start to receive Teramining payments as more and more ASIC equipment comes in.
  • Stick with Gigamining until BFL works out all of their issues and ships equipment in bulk.

The choice is yours.
johnlu
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April 23, 2013, 01:31:19 PM
 #2196

So, gigavps, I understand that you're receiving your order this week. Can you tell us anything about this? You said that you'd tell us in case you know anything about this.

Equipment will be pouring in slowly (not all at once). BFL is still working on issues related to energy consumption.

The Teramining contract will not officially start until all of the equipment is in. But we will be mining and dispersing coins based on equipment that does arrive. I have no idea at this time how much equipment BFL will be able to produce.

If you have not upgraded, you have two options.

  • Upgrade and start to receive Teramining payments as more and more ASIC equipment comes in.
  • Stick with Gigamining until BFL works out all of their issues and ships equipment in bulk.

The choice is yours.

But you don't tell if you are receiving at least even one tiny jalapeno. You are forcing us to upgrade before this friday and you are not saying if you are going to receive anything. You tell me that you'll tell me when you were starting to receive BFL order. If I upgrade now and you do not rececive nothing this week or even next week I'll loose next monday payout or even more of them. Why are doing this?


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jamesg
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April 23, 2013, 01:46:46 PM
 #2197

But you don't tell if you are receiving at least even one tiny jalapeno. You are forcing us to upgrade before this friday and you are not saying if you are going to receive anything. You tell me that you'll tell me when you were starting to receive BFL order. If I upgrade now and you do not rececive nothing this week or even next week I'll loose next monday payout or even more of them. Why are doing this?

This is the situation we find ourselves in. I wish I had more information to provide, but I don't.

If you want to stick with Gigamining until the upgrade process is opened again, you are more than welcome to.

As I stated, the Teramining contract will not start until ALL of the equipment has arrived. This means Teraminers will be mining but not at full speed.

I wish I could tell you how long this will be for, or the exact delivery of equipment, but only BFL knows this.
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April 23, 2013, 02:44:43 PM
 #2198

Am I to understand that the choices are:

1) upgrade before Friday and forfeit all future gigamining payments. Receive no gigaming/teramining income until teramining equipment starts trickling in, which (a) we don't know when and (b) don't know how fast and (c) don't know how much. Or,

2) don't upgrade and continue receiving gigamining payments.

The unfortunate reality is that no one, not even BFL, knows when they will start shipping product in significant quantity. They have shipped out a handful of Jalapenos at this point because they have the PCBs and have Single cases to repurpose. My understanding is that they are waiting on revised PCBs and cases for the Singles due to their huge power consumption. Minirigs are a big question mark at this point, as what was supposed to be a 1200W system is now looking to be an 8000W system. Imagine the challenges of putting together something like this. Nothing of significance might ship out for weeks yet, or longer. Bottom line is that no one knows, and shareholders are being asked to upgrade now, twiddle their thumbs, and forfeit all mining payments for an unspecified, undetermined, time.

I would expect that shareholders are entitled to the income generated by their gigamining shares until a time of *their* choosing (unless they are bought out); IIRC those were, essentially, the terms under which they were bought. I won't pretend to be qualified to argue legally, but ethically things appear quite clear. Setting a time limit for the teramining upgrade seems to be an arbitrary and unnecessary restriction. Why not keep the upgrade option open and let people decide for themselves when they want to switch?

For shareholders, it is beneficial for them to hold on to their gigamining shares in the short term, since that's the only way for their income to continue right now. When (weeks? months?) enough teramining equipment arrives to make teramining more profitable than gigamining, that is the time for shareholders to upgrade. This way the spirit of the gigamining contract can be upheld and shareholders would maximize their profits. Can this not be done instead of the proposed forced upgrade deadline?

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April 23, 2013, 02:56:07 PM
 #2199

Can this not be done instead of the proposed forced upgrade deadline?

To be quite honest, I have disadvantage many of the most faithful of Gigaminers who claimed early and upgraded two months ago. This was certainly not my intention and it will be rectified.

For those who have not upgraded, I have given fair warning for the close of the upgrade process. The upgrade process will reopen when the equipment received can accommodate more Teraminers.

Part of the compensation for turning in Gigamining early will be that Teramining will start mining with equipment received WITHOUT the 9mo clock running.
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April 23, 2013, 02:56:16 PM
 #2200

I agree with Epoch. Gigavps, can you explain the reason you are closing teramining upgrades on next friday? I can't see any reason other than you're trying to make people abandon gigamining and its weekly dividends. One more thing I do not understand, the reason to not send gigamining dividends to people who upgrade.

Edit: I read your previous message.

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