No updates from management + no payments = highly suspicious...

They have removed the ability to trade in btc inside of counterparty.
http://support.counterparty.io/support/solutions/articles/5000500845-why-can-i-no-longer-trade-to-and-from-btc-in-counterwallet-

I will be posting a link to a Coinbase payment option soon, but I think we should open a separate thread for Counterparty and SWMCHEX questions, announcements, information and issues.

They stopped replying to me again, I thought I posted that here.

Last I heard from others with mid October refund dates was that the date got pushed back due to their facility not being ready or something. It would help if they replied to my emails.

They replied to me saying that the refund would be processed in October or we could get the units shipped with compensation.

I just sent another email.

Again everyone should send an email as well.

Oh my god a sneak peak of a graphic element? PEOPLE! LET'S GIVE ALL OUR BITCOINS TO THIS UNKNOWN STRANGER!

For R17,

Every share of R17 can be converted to 2 Bare Minion Chips. Technobit has a 4 chip board design that has been tested. If anyone wishes to take the chips for their shares  (we will be able to start shipping chips on Wednesday) people who request bare chips that are within the US will have free 2nd day air shipping to them.

We will also be shipping chips to technobit as a bulk order for discounted assembly services if you would like to do this we can add your chips to these shipments.

PSU's for the first shipment of X3's has been sent to minersource, some R17 machines are part of the first order / shipment that will be received.

The WPC is still active, the latest board to be produced is the Spondoolies Whiteface mining board. This is a test mining board for the Allied Control Cooling Container project. All current boards are proof of concept tests, currently the only chips being used are ones that will not reach ROI.

SWMC is planning on offering preorders for hashing power based on the SWMC Hashing Exchange that is currently being tested internally. When I do offer the GH/s to early adopters, there will be an ROI+ guarantee and some nice bonus included, but again, that is for early adopters only. I wanted to offer a beta version of the Hashing Exchange before I offered any preorders, but we may not be able to wait that long. Many of the big mining companies out there are buying up chips long before the average individual even knows the chips will be available. That makes it nearly impossible to get enough chips that will afford us an ROI by the time those chips are released.

All of the big mining companies (including ASIC hardware manufacturers) are moving to a cloud mining platform. It wont be too many months from now and you wont be able to purchase personal miningware at all, simply because it will cost to much to keep up (if we aren't already there and just haven't decided to accept it yet,) or there won't be anyone who wants to sell miningware to you. It is soon to become an only big players league when it comes to Bitcoin mining.

That's why I am building the SWMC Hashing Exchange, so we can still be in the game and be just as profitable...

To make this work, SWMC will need to raise some serious capital. So the plan is to offer an initial total hashing power of 2-4 PH/s at somewhere around 85¢ a GH/s with an ROI+ guarantee for early adopters. We are currently in negotiations with Allied Control as part of the development of our data center which will be utilizing immersion cooling methods like that which is provided by Allied Control. We are also working on getting access to 5.5¢ kWh electricity. I have dual US/British citizenship, so I am considering basing part of SWMC in The Isle of Man which is a Bitcoin friendly country. It may not look like much is happening with SWMC on your end, but there is a lot of activity on mine.

Just to measure your interest, what price point for hashing power would motivate you to preorder hashing power with an ROI+ guarantee from The SWMC Hashing Exchange with the understanding that the exchange is in the development stage and that hashing power may not go live for several months? After sufficient hashing power is being circulated on the exchange, SWMC will never offer preorders again.

A CNC machine is used to drill out the holes, and I'm unsure of the exact type of paint they used (curious, davideak, if you have a reason for asking).

It won't, I don't get paid to be a part of the coop and it has actually cost me a lot of time and money, lashing out against me = me no longer caring. I'll continue working on getting the refund but my speed will not be as fast.

Bitmine didn't take the money, you guys did the buck stops there. I'm assuming that's what a court of law would say, perhaps that's the next step that needs to be taken since DZ flew the coup.