Re: [GUIDE] B's A More Ethical & Trustworthy Miner Sellers Trustworthiness Guide
Cointerra taking more hits and screwing the pooch yet again!The mess that some of these companies have made is really staggering. Is it bitcoin or is just amateur hour for most of the mining manufacturing companies?
How many now have screwed the pooch so badly that they have stained mining bitcoin permanently?
http://insidebitcoins.com/news/bad-week-for-bitcoin-miners-c7-data-centers-sues-cointerra-for-5-4-million-in-damages/28666
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UPDATED: 4:19 p.m. EST 1/13/2015 with CoinTerra statement.
NEW YORK (InsideBitcoins) With the price of bitcoin suffering, it is apparently
not a good time to be a bitcoin miner right now, with CEX.io having to pause its
cloud mining, and now CoinTerra being sued by a data center operator.
The Utah data center, C7 Data Centers, is suing Austin-based CoinTerra for
$5.4 million in damages due to an alleged breach of contract and purported
$1.4 million in unpaid services. According to the document, CoinTerra and
C7 signed an 18-month agreement back in April to provide and manage a
spot within the data center and provide all of its hosting services.
In the law suit, C7 Data Centers said:
In order to provide services to Cointerra, C7 has requested and obtained
power from Rocky Mountain Power at costs exceeding $12,000.00 per day.
In addition, in order to provide services to CoinTerra, C7 incurred substantial
initial costs and refused services to other potential customers in order to
accommodate CoinTerras needs.
NEW YORK (InsideBitcoins) With the price of bitcoin suffering, it is apparently
not a good time to be a bitcoin miner right now, with CEX.io having to pause its
cloud mining, and now CoinTerra being sued by a data center operator.
The Utah data center, C7 Data Centers, is suing Austin-based CoinTerra for
$5.4 million in damages due to an alleged breach of contract and purported
$1.4 million in unpaid services. According to the document, CoinTerra and
C7 signed an 18-month agreement back in April to provide and manage a
spot within the data center and provide all of its hosting services.
In the law suit, C7 Data Centers said:
In order to provide services to Cointerra, C7 has requested and obtained
power from Rocky Mountain Power at costs exceeding $12,000.00 per day.
In addition, in order to provide services to CoinTerra, C7 incurred substantial
initial costs and refused services to other potential customers in order to
accommodate CoinTerras needs.
Cointerra's reply:
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In a statement provided to Inside Bitcoins, CoinTerra said:
CoinTerra, Inc. disputes the allegations in the complaint filed
by C7 Data Centers, Inc. (C7) in Utah State court. CoinTerra
has recently retained local counsel to address this dispute.
Moreover, CoinTerra has filed a counterclaim against C7 in
Federal Court in the District of Utah. CoinTerra intends to
vigorously prosecute its claims against C7 while defending
the claims levied by C7. Yet, CoinTerra is hopeful that the
parties can resolve this matter quickly.
CoinTerra, Inc. disputes the allegations in the complaint filed
by C7 Data Centers, Inc. (C7) in Utah State court. CoinTerra
has recently retained local counsel to address this dispute.
Moreover, CoinTerra has filed a counterclaim against C7 in
Federal Court in the District of Utah. CoinTerra intends to
vigorously prosecute its claims against C7 while defending
the claims levied by C7. Yet, CoinTerra is hopeful that the
parties can resolve this matter quickly.