Here's where we're at...
Hardware has all been sold, total sale is equal to 800 BTC. Total publicly traded shares are equal to 34% of MergedMining's hardware value. A total of 272 BTC will be paid out to Share holders, equal to 0.032 BTC/share.
Major purchaser of hardware was forum user Scared
. Escrow was handled by forum user GigaVPS
One of the 5970s and one Single was said to be non-working, damaged in shipment or by new user, I don't know. Scared was granted a refund for the 5970 in the amount of 23BTC and a refund of 2BTC+7.2BTC for an RMA and lost profits on the Single. Giga granted this refund without first consulting me. He has also not paid for extra shipping cost he agreed to reimburse me for. It has been one week and I still have not received the 5970 back from him yet and he has not replied to my last PM.
If I do not receive the 5970 by next week I will open a request for scam tags for both Scared, for failed delivery and unfulfilled payment, and GigaVPS for releasing escrow before a completed sale enabling another forum user to scam another.
I have to apologize to anyone reading this message. I find myself writing it wondering how the hell I got involved with someone as unreasonable as likuidxd.
His claim of “failed delivery and unfulfilled payment, and GigaVPS for releasing escrow before a completed sale enabling another forum user to scam another” is completely false. I have outlined the details of the transaction so that everyone is aware. I hope this will be the last time I have to deal with likuidxd over this issue.
On October 11th I put 784 BTC ($9,400 USD) into escrow on October 11th. It included $100 for shipping that likuidxd requested.
On October 26th I received shipping box #2. likuidxd informed me that he underestimated the shipping costs and asked for an additional $75 in shipping. I agreed to pay him.
The boxes were poorly packaged. With many of the motherboard boxes being ripped apart due to the fact that likuidxd did not wrap GPU mounting brackets with packing materials. Luckily little damage was done to the equipment besides scratches.
After setting up all the equipment I found –
1) BFL Single is not working
2) 5970 GPU did not work.
3) Antec HCP-1200 was not shipped
I suggested the following to likuidxd -" Credit for BFL: BFL offered to RMA the Single. I will lose the mining (7.4 BTC) of it for the remaining month plus shipping costs (2 BTC) - total -9.4 BTC.
Credit for GPU (25.58 BTC) and shipping (1 BTC): -26.58 BTC
Credit for Antec: -18.605 BTC
Additional Shipping: +16.279 BTC
Total Adjustment: 38.306 BTC to be returned from escrow"
I did not realize until after I sent this offer that I typo’ed the shipping costs. The additional shipping should have been 6.25 BTC for the $75 additional cost and not the 16.279 BTC I offered. It was not relevant, as likuidxd did not accept this resolution.
likuidxd countered with -"I'll be happy to refund 23BTC for the broken 5970 if it is returned and 16 BTC for the Antec that got overlooked and the 3 BTC for shipping. I based these numbers off the 11.99/BTC quote at the time of our transaction"
Even though the transaction was done at 12.00/BTC and not 11.99/BTC and that the offer had no provision to resolve the issue with the BFL single. I accepted it. I thought at the time I was being generous since I had lost mining time with the BFL Single and that I had to go through the extra grief of RMAing likuidxd's damaged equipment.
I accepted likuidxd's offer and instructed Giga to release the escrow adjusting it by likuidxd's very own message: 23 BTC + 16 BTC + 3 BTC totaling 42 BTC. Giga did exactly what likuidxd agreed to.
After I accepted likuidxd's terms and Giga released the funds likuidxd demanded an extra 16 BTC for ‘shipping’. likuidxd claimed it was for extra shipping costs but I have a message from him specifically stating it cost $175 for shipping. I already paid $100 into shipping when I paid for the items. Taking this into account the difference in shipping is only 6.25 coins and not the 16 likuidxd is claiming.
To add insult to injury I responded to likuidxd's request for 16 BTC with an offer split the difference since we did not agree. The 8 BTC I offered more than covered the 6.25 of additional shipping.
In order to resolve this issue I am willing to send likuidxd the 8 BTC I offered before. It more than covers the additional shipping costs.