nadeaup
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Activity: 94
Merit: 2
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July 08, 2015, 06:33:07 PM |
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Share conversion (Opt 2) – UPDATE
Deadline to request share conversion to physical boards is July 15.
Each ASIC unit is roughly equivalent of 350Mhs.
A Q&A session will be arranged before the deadline.
350mhs at 3000 watts... Really, would it be that hard to toss that info on there. Also... what if we don't convert? Yeah, completely useless without that info!!! Not that I have a lot of hope that anything would ever ship... |
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Borisz
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July 08, 2015, 07:01:55 PM |
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Share conversion (Opt 2) – UPDATE
Deadline to request share conversion to physical boards is July 15.
Each ASIC unit is roughly equivalent of 350Mhs.
A Q&A session will be arranged before the deadline.
350mhs at 3000 watts... Really, would it be that hard to toss that info on there. Also... what if we don't convert? Yeah, completely useless without that info!!! Not that I have a lot of hope that anything would ever ship... Probably the only other option is to pay and have your shares start working again (or have dead shares in your balance forever). Also the 3kW was a joke I assume, it doesn't say that anywhere. Considering though that today is the 8th and the deadline is 15 saying that "Q&A" will be arranged before the deadline is brave. It will probably be a one way communication of people asking questions... |
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arallmuus
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Activity: 2534
Merit: 1404
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July 08, 2015, 07:17:11 PM |
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Communication? He s had so many ways/options/opportunities to communicate.
People just seem to cant let go of this stuff and some are still having faith with him . Not actually having faith, rather that people will want to seek their missing "funds" . With this "legal" ways, people are tempted to make the last resort to get back what they lost and I do honestly hope that Chris will be sent into the prison Considering though that today is the 8th and the deadline is 15 saying that "Q&A" will be arranged before the deadline is brave. It will probably be a one way communication of people asking questions...
You should take into account that he had the tendency to stall things with his crazy excuses and people will still believe him. If you take alook back, it has been almost 7 months, we are getting zero payment and he always come up with crazy excuses from A to Z . Even if he actually managed to hold this Q&A, the shipping of boards will be taking a long time and it could be alot more months of waiting. Considering that we are 5 more months to December, I would say that his stalling tactics has been working perfectly until now and only until now people realized and attempted a legal way to sue him |
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zoro1
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July 09, 2015, 10:13:05 AM |
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for the shake of conversiation, IF rigs are exist lets take as reference the KNC titan
The performance of the batch 1 Titan miners is 300+ MH/s while consuming approx. 1100 Watts. Batch 2 Titan miners run at 400+ MH/s whilst consuming approximately 1400 Watts.
even if Chris rigs have worst efficiency, for example 300MH/2KW, they are still profitable provided you have the place and power to use them!
too good to be true
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wlefever
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Activity: 1173
Merit: 1001
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July 09, 2015, 12:52:19 PM |
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Not really too good to be true considering he was developing boards for scrypt in 2013. Why would he stop there?
That being said, I wouldn't recommend converting to this unseen hardware until the Q&A takes place though....
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arallmuus
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Merit: 1404
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July 09, 2015, 08:13:36 PM |
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Not really too good to be true considering he was developing boards for scrypt in 2013. Why would he stop there?
This is the reasoning that has always been used ever since the "cloudmining" fell. Back then in January-february everyone was so confident and they believed in chris with this reasoning, he made ASIC , he wouldnt scam us and this is not ponzi etc etc If he was actually good enough in developing all of these ASIC then I guess it would not be a problem for him to actually pay what he owed us. In fact he has been stalling ever since and that is not a good sign of it. He has been shady ever since and hasnt trying to attempt any conversation to his customer (apart from the Q&A which will be like the previous one, full of censorship ) |
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EXECUTION | │ | .
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wlefever
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July 09, 2015, 08:59:10 PM |
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I'm not saying he didn't run a fractional mining operation, or that he wouldn't scam us. But, I do think he is capable of producing said hardware comparable to Titans.
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Borisz
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July 10, 2015, 09:59:56 AM |
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I'm not saying he didn't run a fractional mining operation, or that he wouldn't scam us. But, I do think he is capable of producing said hardware comparable to Titans.
With all the mining power and hence profit taken from the rightful owners during Jan-June, after the current LTC pump he probably has the funds as well. |
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zoro1
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July 10, 2015, 12:00:08 PM |
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exactly! A titan (350MH) can give you >1000$ a month and pay for electricity also!
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alienesb
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July 10, 2015, 12:13:29 PM |
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I'm not saying he didn't run a fractional mining operation, or that he wouldn't scam us. But, I do think he is capable of producing said hardware comparable to Titans.
All alone by himself without millions in resources? I don't think so. |
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wlefever
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July 10, 2015, 01:13:05 PM |
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I'm not saying he didn't run a fractional mining operation, or that he wouldn't scam us. But, I do think he is capable of producing said hardware comparable to Titans.
All alone by himself without millions in resources? I don't think so. He isn't "all alone by himself" he has employees, and it is safe to say he raised plenty of funds from direct share sales to fund his latest chip design. |
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alienesb
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July 10, 2015, 01:56:59 PM |
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I'm not saying he didn't run a fractional mining operation, or that he wouldn't scam us. But, I do think he is capable of producing said hardware comparable to Titans.
All alone by himself without millions in resources? I don't think so. He isn't "all alone by himself" he has employees, and it is safe to say he raised plenty of funds from direct share sales to fund his latest chip design. Hey I'd love for this to be true but I don't think it is. |
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wlefever
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July 10, 2015, 01:59:47 PM |
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The employees are true (Bitcage Tech and confirmed by trusted source), and we all no damn well we sent enough coins to him for funds. Whether they were inappropriately used / stolen remains to be seen. A little more time of optimism won't hurt!
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Borisz
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July 10, 2015, 02:07:04 PM |
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The employees are true (Bitcage Tech and confirmed by trusted source), and we all no damn well we sent enough coins to him for funds. Whether they were inappropriately used / stolen remains to be seen. A little more time of optimism won't hurt!
Also, don't forget that he is not paying out mining profits for the past months for anyone. However, I doubt that the farm was shut off for the 6 months. He probably kept the "few" extra coins. He should have plenty of funds. Could be a not so nice way to stay ahead of competition... |
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jadefalke
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July 10, 2015, 02:57:42 PM |
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maybe we will see some progress this weekend.
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Flep182
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July 10, 2015, 05:14:50 PM |
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maybe we will see some progress this weekend.
Well, if he really wants to stick to this deadline of the 15th, he should very well have the Q&A done tomorrow the latest to make sure people can make an educated decision! |
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wlefever
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July 10, 2015, 05:26:35 PM |
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maybe we will see some progress this weekend.
Well, if he really wants to stick to this deadline of the 15th, he should very well have the Q&A done tomorrow the latest to make sure people can make an educated decision! Anytime this weekend should be alright. Just hope it happens... |
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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July 10, 2015, 05:44:04 PM |
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maybe we will see some progress this weekend.
Well, if he really wants to stick to this deadline of the 15th, he should very well have the Q&A done tomorrow the latest to make sure people can make an educated decision! Pfhahahaha. Yeah, sure. |
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Flep182
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July 10, 2015, 06:35:05 PM |
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maybe we will see some progress this weekend.
Well, if he really wants to stick to this deadline of the 15th, he should very well have the Q&A done tomorrow the latest to make sure people can make an educated decision! Pfhahahaha. Yeah, sure. Can't say I'm very hopeful on this point so I share your sentiment  |
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5ick3uffalo
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Merit: 1000
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July 10, 2015, 09:53:14 PM |
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I just pulled the trigger and converted to this 350 Mh/beast!
I have some qasic left, they do pay normaly now
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BTC: 1Dw9feZAGSeHvaiQ55T7C92VAAXB2nVKKk
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