Quote from: BitCointransfers on June 19, 2013, 05:46:49 PM

Quote from: jdape on June 19, 2013, 03:10:18 PM

Oh, now it makes even more sense to me...

Quote

sending $79,109.13 up front on 14th of May

Cloudhashing sent TH just enough money to purchase another 10,000 Avalon chips on May 14th, right when TH says they would have made a second avalon order.

Now comes June and Cloudhashing wants a refund, but TH has no money. The only way to raise money for a refund is to accept pre-orders.

WOW, so yesterdays buyers were not funding a chip buy but a REFUND!!!!

I gotta say, this was a bad PR move for Cloudhashing...http://www.coindesk.com/terrahash-opens-asic-mining-preorders-loses-business/