Quote from: whyinvestinbitcoin on July 09, 2014, 02:51:37 PM

I just received my 2 x Neptunes and I also recently received by cloud account with cointerra after converting my order from 4 x 2TH machines that clearly weren't being delivered on time.

What I find stinky suspicious and almost blatantly obvious as fraud is how having paid for these machines in December to early January, that the timing of delivery just HAPPENS to be when it becomes practically unfeasible to make any return on your investment.

My claim is that these two providers took all the money to develop mining machines for clients but instead built a server farm of their own to mine all the coins until they were at a profit level that makes it unaffordable. At this point, they begin pushing the mining machines back out to order.

Now if this is the case, surely there is a possibility to make a claim of fraud and damages.

It's almost like a large scale investment in a real gold mine, and the company that builds the mine steals all the gold before delivering the mine to the investor. Anyone else think that this is akin to fraud?

All we need now is the proof and testimony to the fact that this did in fact happen. What's clear is that KNC did have a huge data centre with mining machines well before delivery of the Neptunes even took place. Looking at the machines in the photo, they look like they are Neptunes without the cube frame boxes wrapped around them.

My KNC controller boards where also completely miss configured. Almost as if they had been used and then reset but the reset didn't completely reset the boards.

I believe that the claim would be for the amount of lost revenue from mining given the with-holding period of the machines. Given that we can accurately calculate what would have been mined when, and perhaps even look at pool data to see where the machines were mining from, we could theoretically calculate how much was mined from the machines.

Surely we could be talking hundreds of thousands of lost BTC to KNC and Cointerra while they withheld our machines?

Cheers

If they promised you delivery with a certain time period (45 days is the max I think for online purchases) and then failed to deliver, you were entitled to a full refund. If they knew they would not deliver to you within the promised time frame and did not inform you of the delay (if they were going to mine with it first for instance) then they were in violation of FTC regulations.