Gigamining / Teramining

[Epoch]

To all Gigaminers:

Some who have upgraded have not liked the fact that Gigamining payments have stopped. I understand the concern. So, with that said, any upgrades that happen before Friday 2/15/2013 11:59:59 UTC will be included in a special early group of Teraminers. These individuals will have their mining contracts started within hours of the VPS equipment being up and running. Any upgrades after that time will follow the letter of the contract as quoted below.
...
Best,
James

No one mentioned this yet, but from discussions around your earlier post here (https://bitcointalk.org/index.php?topic=75802.msg1454531#msg1454531) you clarified that ALL teraminers will have their contracts started as soon as the equipment is up and running. Your words: "if it takes 6 hours to get things up and running, the 10 days will not be needed."

The reason you gave for the '10 days' stipulation was to leave yourself some rope in case you run into trouble with the equipment setup, not to punish those gigaminers who do not upgrade before tomorrow. Why the change of heart?

[jamesg]

Why the change of heart?

• I didn't do a good enough job of making sure Gigaminers knew the Gigamining contract would stop when upgrading.
• Those who have done what I ask should be rewarded for their effort in keeping Gigamining/Teramining going.
• A large portion of Gigamining has already been claimed.

I have also stated that anyone with a claim in and waiting on Quentin could be included.

So now we are talking about those, who after three months, have still not claimed. I can't force anyone to do anything, I can only reward those who help me.

[Sukrim]

A large portion of Gigamining has already been claimed.

How many percent of bondholders and how many percent of total bonds are confirmed currently?

[Naelr]

To all Gigaminers:

Some who have upgraded have not liked the fact that Gigamining payments have stopped. I understand the concern. So, with that said, any upgrades that happen before Friday 2/15/2013 11:59:59 UTC will be included in a special early group of Teraminers. These individuals will have their mining contracts started within hours of the VPS equipment being up and running. Any upgrades after that time will follow the letter of the contract as quoted below.

2.3    The Commencement Date for the initiation of data processing services contemplated hereunder shall be ten (10) business days following the receipt of specialized processing equipment from an outside vendor.

If you have a pending claim into Quentin and I know about it (you know who you are) and are verified you will be allowed to upgrade and be included within the early group of Teraminers.

If you have not claimed yet, please do.

Best,
James

James,

I would love to be involved in this but you have failed to respond to my emails after stating you were going to get with Quentian about my claim.  So I am asking here in the forums, for some updates

Thanks,

Naelr

[szuetam]

Why the change of heart?

• I didn't do a good enough job of making sure Gigaminers knew the Gigamining contract would stop when upgrading.
• Those who have done what I ask should be rewarded for their effort in keeping Gigamining/Teramining going.
• A large portion of Gigamining has already been claimed.

I have also stated that anyone with a claim in and waiting on Quentin could be included.

So now we are talking about those, who after three months, have still not claimed. I can't force anyone to do anything, I can only reward those who help me.

But free upgrade will be done whatever I will claim before or not?

[jamesg]

James,

I would love to be involved in this but you have failed to respond to my emails after stating you were going to get with Quentian about my claim.  So I am asking here in the forums, for some updates

Thanks,

Naelr

Hi Naelr,

I have responded to your email. I apologize for the delay.

Best,
James

[jamesg]

But free upgrade will be done whatever I will claim before or not?

No upgrade can occur until you have submitted a claim, it is verified and you receive a VPS account.

[nadrimajstor]

I'm trying to make some calculation, will my shares and payments cover the affidavit expenses of legal translator, notary fees, apostille fees, mail, unforeseen fees of dull government...
What is currently the total sum that I have for my 27 gigamining bonds/shares/contracts? 

[jamesg]

I'm trying to make some calculation, will my shares and payments cover the affidavit expenses of legal translator, notary fees, apostille fees, mail, unforeseen fees of dull government...
What is currently the total sum that I have for my 27 gigamining bonds/shares/contracts? 

Hi nadrimajstor,

The total back payments due as of Monday for 27 Gigamining contracts is 4.1391 BTC. This does not include what the free upgrade to Teramining would bring.

Best,
James

[jbreher]

Hi Giga -

Way back in olden days, I used to track 'dividends' from time to time on GLBSE. Of course, when Nef went nutters, it kinda threw a wrench in the works.

Now that my claim has been processed, I have access to info regarding payments from 2012-10-08 forward.

But this leaves me with a knowledge vacuum. I did not scrupulously record all GLBSE data on a daily basis.  I did not record the last four or so payments before GLBSE went the way of the dodo. Do you have per-share earnings published anywhere for this period?

[jamesg]

Hi Giga -

Way back in olden days, I used to track 'dividends' from time to time on GLBSE. Of course, when Nef went nutters, it kinda threw a wrench in the works.

Now that my claim has been processed, I have access to info regarding payments from 2012-10-08 forward.

But this leaves me with a knowledge vacuum. I did not scrupulously record all GLBSE data on a daily basis.  I did not record the last four or so payments before GLBSE went the way of the dodo. Do you have per-share earnings published anywhere for this period?

https://virtualprocessingsolutions.com/

The home page of the new site shows all payment periods along with the number for "per share" amounts and total contracts outstanding.

Hope that helps.

Best,
James

[EskimoBob]

I'm trying to make some calculation, will my shares and payments cover the affidavit expenses of legal translator, notary fees, apostille fees, mail, unforeseen fees of dull government...
What is currently the total sum that I have for my 27 gigamining bonds/shares/contracts? 

Hi nadrimajstor,

The total back payments due as of Monday for 27 Gigamining contracts is 4.1391 BTC. This does not include what the free upgrade to Teramining would bring.

Best,
James

So, its 78 EUR or so. To get your coin back, you need to waste what? 100 EUR?  150 EUR?
You got scammed and this is the fact.  You "signed up" to a contract that got changed to something else and you never had chance to get out (gigavps, insert your favourite glbse blame/excuse here)
Fact is, gigavps stole from you and others like you. Coin stolen will be used to buy gigavps girlfriend a new pair of shoes etc. LOL

This forum has some slimy scammers crawling about but you, gigavps, are the slickest s.o.b of them all.

Truly amazing... he fucks you over and while at it, recommends you ask for seconds. Amazing!

PS! You know what nadrimajstor, do not give that asshole your coin as a present. Spend your EUR on paperwork and get your shares back.

[Otoh]

BFL ASIC update 2013 02 20 - 8:20 PST http://www.reddit.com/r/Bitcoin/comments/18xoab/bfl_update_02202013_820_pst/

[mrdavis]

Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.

[jamesg]

Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.

The trolls can blame whomever they like. I am here to move forward and to keep moving forward in confidence. That is what the claims process is all about.

As for those who are waiting on claims to be processed, I have not received this weeks claims from Quentin and continue to try and get in touch with him.

Best,
James

[SAC]

Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.

The trolls can blame whomever they like. I am here to move forward and to keep moving forward in confidence. That is what the claims process is all about.

As for those who are waiting on claims to be processed, I have not received this weeks claims from Quentin and continue to try and get in touch with him.

Best,
James

The claims process is about protecting your ass and enriching yourself at others expense.

[Otoh]

BFL ASIC updates summary, looks like March for delivery now ~ all being well.

https://forums.butterflylabs.com/blogs/polrpaul/88-anyone-seen-my-chips.html

[smaynard]

BFL ASIC updates summary, looks like March for delivery now ~ all being well.

https://forums.butterflylabs.com/blogs/polrpaul/88-anyone-seen-my-chips.html

James,

Based on the aforementioned, would you consider paying gigamining dividends through March 4th to those who have already surrendered their bonds for teramining?

I realize we could have / should have waited to upgrade - just asking...

[Lucidize]

Finally got my VPS account activated

I have encountered one problem that I wasn't expecting though, regarding the upgrade.

I would like to use just a portion of my past divs to convert to teramining, and the remaining I wish to do a free upgrade.
It seems I am only able to do an all or nothing conversion?

[jamesg]

Final request for claims

https://www.virtualprocessingsolutions.com/claims

VPS will keep the claims process open for another three months through May 23, 2013.

To the bitcoin/gigamining community:

Virtual Processing Solutions, LLC (hereinafter VPS) has entered into a number of assignable agreements (sometimes known as “gigamining”), whereby, among its other provisions, in exchange for financial consideration, VPS agreed to conduct electronic data processing services and provide some portion of the outcome of this processing in the form of “bitcoins” to the current beneficial assignees of these agreements.  

These agreements were offered and subsequently traded on www.glbse.com.  As you may be aware, www.glbse.com has suspended normal operations.  It is the intention of VPS to comply with its obligations pursuant to these agreements to the extent consistent with U.S., international, and local law.  While VPS is not aware of any current regulatory action involving www.glbse.com or itself, it is clear that trade in “bitcoins” is attracting increased regulatory and taxation scrutiny.  Accordingly, VPS has retained the Law Offices of Carlos M. Fleites, to resolve such outstanding agreements in a lawful manner.

If you believe you are the beneficial assignee of such an agreement, you are requested to contact the Law Offices of Carlos M. Fleites in writing at the below listed e-mail or physical address to provide the following information:

• The bitcoin payment address associated with your glbse.com claim
• Name of the person or entity claiming beneficial assignment of the agreement,
• The physical address of the person or entity (no Post Office boxes or mail suites),
• The tax identification number of the person or entity claiming beneficial assignment,
• For real persons: a photocopy or scanned PDF of government issued photo identification, or, for corporations the document number and issuing jurisdiction of the incorporating charter and proof of current good standing.
• An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction.  Copies of an acceptable affidavit can be obtained upon request from the law offices.

All information provided will be held in confidence and used only for the purposes of lawfully fulfilling the obligations of the agreements and not shared with outside parties except as required by law.  If you have any questions or concerns, please address these to the law offices at the following e-mail or mailing address.

qpage@mylawyr.com

or

Law Offices of Carlos M. Fleites, ATTN: Quentin A. Page
407 Lincoln Road, Suite 12-E
Miami Beach, FL 33139
USA

Finally, since no unique identification exists for outstanding agreements, ALL CURRENT BENEFICIAL ASSIGNEES ARE STRONGLY ADVISED NOT TO ENGAGE IN ANY TRANSFER, SALE, OR ASSIGNMENT OF THESE AGREEMENTS OUTSIDE OF GLBSE, AS IT MAY RENDER IT IMPOSSIBLE TO VERIFY AND SERVICE SUCH AGREEMENTS.

Thank you for your prompt attention in this matter.