Quote from: retro72 on May 27, 2014, 01:07:56 AM

Quote from: anderl on May 26, 2014, 10:00:29 PM

Quote from: gamer4156 on May 26, 2014, 07:26:31 PM

What happens when they spend all our money and the entire batch of chips doesnt work? /bankruptcy?

Well there is the grey area. Zeusminer is having problems because they promised certain specs but then changed them after the no refund window. It screwed a lot of customers that now can't run the units because they don't have the capacity at their homes. Does the product work, yes. Is it what was quoted, no. So that is when you have to get ahold of a lawyer.

If the go bankrupt them it is the competence of management that is at fault. I believe they may be held liable because the sold a product that they could not produce. SO again you contact a lawyer.

Yep same thing happened at CoinTerra. Lots of people fighting for refunds there and getting lawyered up.

http://forum.cointerra.com/forums/forum-help-assistance.19/

And then there's Hashfast. They ran into problems during the manufacturing process and are now on the verge of being involuntarily liquidated
http://www.coindesk.com/asic-manufacturer-hashfast-faces-legal-action/

http://arstechnica.com/tech-policy/2014/05/bitcoin-miner-startup-hashfast-could-be-forced-to-liquidate-itself/

There is a very real chance of things going wrong. Please bear that in mind

Yeah, thanks for sharing this info to us and I think it worth to think more and prepare to reduce possible risks.