It has absolutely nothing to do with the appreciation of Bitcoin. Your company advertised an October 20th delivery, and claimed to be "on time" until just before you missed that target— now it seems like you were just committing fraud at that point considering you didn't even have the chips until months later. I paid you roughly 5x per GH/s what your competition was charging specifically because you assured me that by doing business with you I wouldn't end up with substantially fewer coins than I started with as a result of delays or failure on your part. You assured this in several layered ways, including a promise of a full refund in the case that you had massively failed to deliver— which turned out to be the case. That promise required holding or hedging and was worth a premium. Because of these assurances I took a risk in doing business with you, and even if you do ultimately make good on your contract I will still be at a significant loss in terms of time, stress, exposure to fraud risk from you, and loss of use of those funds for seven months.

I'm perfectly happy with the actual purchase I made— with the ink on the paper and the terms of the agreement. My only regret is that paper is nearly worthless when the counterpart is a con-artist. To emphasize this further, I'd also be happy to receive the hardware plus the Bitcoin it would have mined had you delivered it on your advertised date. That I haven't been demanding that instead is because it's somewhat more than the full refund which was my "only recourse" according to our agreement, unlike you I'm willing to stick to the actual agreement even when it's a loss to me. Hell, I was prepared to accept— according to our agreement— the hardware plus full MPP and what it would have mined starting on your massively late deadline date of December 31st, though that would be a loss to me. In my first certified letter I proposed an alternative negotiation which would have allowed you to refund me in additional hardware (with a formula for the amount based on when you sent it), specifically because if you did something massive stupid and didn't hold/hedge I didn't want to put you out of business— for the same reason that you're getting forum posts from me and not a process server banging on your door. I'm willing to negotiate and even consider alternatives that leave me somewhat worse off than our agreed terms, because I think business should result in mutually beneficial results. Sadly, you've ignored my letters. What I will not accept is taking a complete bath while _you_ take a windfall, in violation of our contract, nor will I accept a "settlement" that leaves me defrauded while prohibiting me from telling others.