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Showing 20 of 146 results by kkooks
Yeah, this was forced option by people. Terrahash tried to do some work in the mean time, then gets ugly when Bitsyncom messed up chip delivery. In between the difficulty rises, people get paranoid and can't stand the pressure, so they start to call refunds. This then buries Terrahash.
Also Terrahash started a bussines and bought 20.000 chips ... then (I only assume) goes all in with 20.000 more (They admitted that they never bought these... ) ... and spent the last bit of money on accessories for miners (Also false... they never figured out what to buy because they never got a fully working prototype up and running). Without responsibility You don't start the bussines that way. And the company should allways have the backup which he can afford. (True.)
Also Terrahash started a bussines and bought 20.000 chips ... then (I only assume) goes all in with 20.000 more (They admitted that they never bought these... ) ... and spent the last bit of money on accessories for miners (Also false... they never figured out what to buy because they never got a fully working prototype up and running). Without responsibility You don't start the bussines that way. And the company should allways have the backup which he can afford. (True.)
I think they are just trying to deal with the mess. The site is still operatable and they have now enough funds to refund 100% in cash - also the bitcoin payments (this is also a good option). Let's wait as Amir sais and even if they refund 50% it's better than nothing. I personally have trust in them, since they make everything prepared really good.
we got scammed... take action if you havent already.
Spent a couple of hours reading this thread and wow, just wow...
Good luck to all you TH customers, sounds like you will need it.
Good luck to all you TH customers, sounds like you will need it.
You missed about half it due to some users deleting their posts in this thread.
oh my... shouldve known...
Abridged
Think about this if TH truly has parts purchased and sitting somewhere (Assuming the next gen chip will work with them). They might be thinking about sitting on parts ... come out as new bushiness superhash 2.0 (or something) and attempt again with just chip costs, making massive profits.
From how he listed his house for sale in late July, it doesnt seem like his intent is to stick around for long.
Banks probably locked down his account (might need to check if this is at all true-- Terrahash isnt good at honest statements) because he was cashing out too much bitcoins into his bank-- IMHO missed details on transactions beyond 10K per money laundering laws
Either that he was already under legal troubles from someone smart and fast enough to execute an asset freeze
Abridged: Bull Shit Lies.
Post pictures of all these components. You claim hundreds of thousands of dollars in components.... if these cannot be returned are you just keeping these? You should be selling even at loss and giving money to those who you still owe cash.
Also you are a horrible business. You were the worst company I have ever dealt with on customer service. Your periods of quietness did not ever add up. You should have seen these problems long ago and changed direction, don't blame anyone else for your failure. I think it is safe to say this will be your last time working in bitcoin industry.
I do agree about those posting all Amir's info, even though he is in my opinion a horrible business man. And in my opinion took salary far longer then anyone should have in this situation (again just a guess), are you still taking salary Amir? But you should go after him in court if you do, your lawyer will have much better info then what will get posted here. All the posting his info in public sadly will give him a excuse of saying he was harassed, etc in court. And that is just a guess that many of you will end up in court with TH. (But to those of you who did that.... it does show you did find something that got to him and that is rare it has seemed)
He cant post pictures or produce invoices, open their books etc because they dont help their case.
He'll be caught in another flat out lie.
What is it now? Lie #12,135 ?
Ok guys, here's the deal. Given the current conditions (rising difficulty, Avalon uncertainty, etc.), a lot of people who ordered chips from Avalon are willing to resell their chips at cost price. This was not true a month ago or so, when we made a deal to acquire two additional orders for a premium (We never bought those orders, but only made a deal to pay a premium once they had chips in hand). We have decided to scrap those deals and instead buy chip orders from people who want to get out by selling their order for the price they paid. We have got 3 offers so far. We will re-open pre-orders after buying these.
We will keep you posted on this development.
Also, all these 3 offers are for May orders.
We will keep you posted on this development.
Also, all these 3 offers are for May orders.
Case and point.
Lies. Lies. Lies.
Now you're asking us to take a hair cut so that you can ride around in your Bentley?
Use your house sales proceeds to pay your customers back.
Your overhead+ SG&A is nowhere near half a million USD of the $1 Million you took it.
We are not your suga huns. Stop trying to take us however you please.
OMFG this guy is COMEDY GOLD!
It would look about like this: http://youtu.be/bxoC5Oyf_ss?t=2m50s
Seriously, this kind of talk is really childish.
I think we should get a gang of guys and get some weapons make a visit to his location in the night and seriously force that amir to refund every penny he has - now that we know his address...
It would look about like this: http://youtu.be/bxoC5Oyf_ss?t=2m50s
Seriously, this kind of talk is really childish.
what is crazy is that terrahash is looking to scam the community of half a million. And they are trying to do it with your blessing. Now that is definitely not child's play.
Do you think it would have been helpful to communicate a bit more sooner than this?
^this. Scammer or not, this is the main reason of your (TH) downfall (and everybody else with it).
I sent your numerous contacts and you force ppl to bring it all out on the public thread. It's your choice.
Even with the Avalon chips you supplied. TH didn't bother to complete your order. So the way I see it. TH never intended to complete any of the orders in the time they estimated, if ever.
Exactly.
Bar... i'm confused about this 180 youre pulling here--
First you vouched that TH was 100% legit and got all the development work done-- as if you were intimately involved
Then you turn around and ask everyone to jump on board for the 50% refund
which is what TH offered up 1 month ago, then again just recently as they admitted to have not been ready to deliver by the 8/15 promised delivery date
These are all very incriminating behaviors...
First you vouched that TH was 100% legit and got all the development work done-- as if you were intimately involved
Then you turn around and ask everyone to jump on board for the 50% refund
which is what TH offered up 1 month ago, then again just recently as they admitted to have not been ready to deliver by the 8/15 promised delivery date
These are all very incriminating behaviors...
Ok guys, here's the deal. Given the current conditions (rising difficulty, Avalon uncertainty, etc.), a lot of people who ordered chips from Avalon are willing to resell their chips at cost price. This was not true a month ago or so, when we made a deal to acquire two additional orders for a premium (We never bought those orders, but only made a deal to pay a premium once they had chips in hand). We have decided to scrap those deals and instead buy chip orders from people who want to get out by selling their order for the price they paid. We have got 3 offers so far. We will re-open pre-orders after buying these.
We will keep you posted on this development.
Also, all these 3 offers are for May orders.
We will keep you posted on this development.
Also, all these 3 offers are for May orders.
Just saw this. Funny i thought claimed to have proof for all chip orders, now they say they never bought them on the extra early orders that were almost impossible to find when they claimed they did. This only in hand clause was never told to anyone when company showed off orders and vouched they had them all.
Ohhhh TH i don't miss the days of being a customer of yours. And they are willing to re-open pre-orders! Want to take bets on if this batch of pre-orders does not include paypal option?
Exactly.
These guys are scammers.
Look, let me just point out some minor details that are major red flags-- terrahash doesnt even have PSUs or cases ready to this day!
It is pretty clear cut what their intentions were.
And here we were worried about Avalon chips arriving...
Once we started asking for proof we start finding out the reason why he couldn't produce any evidence...
NOTHING is in place to fulfill our orders from what I have seen.
IMHO
1. Root cause of reopening pre-orders: not enough cash to buy a new life and retire
2. Terrahash game plan: It is clear for terrahash. Its now or never. Passports in place. Fund transfers to offshore complete.
Do the right thing terrahash. Refund your customers in full...
lets just redirect our brain powers in pushing terrahash for answers...
Where are these overdue promised items:
1. Pictures of the DX Mini
2. Picture of a completed Klondike 16 w/ heat sink
3. Hashing rate reaching promised rate (not prototype.. i'd expect terrahash to have this down by now hopefully)
4. Invoice/POs of all components
5. Project timing for each step (project management style)
We will all rest better and be more willing to wait when we see those listed.
Otherwise, we feel like we need a refund. Simply because you've over promised and under delivered so far.
Time to rectify the Public Relations trajectory if you want repeat customers.
Terrahash, You dont have a product problem (crossing my fingers), you have a relationship problem with your customers.
Where are these overdue promised items:
1. Pictures of the DX Mini
2. Picture of a completed Klondike 16 w/ heat sink
3. Hashing rate reaching promised rate (not prototype.. i'd expect terrahash to have this down by now hopefully)
4. Invoice/POs of all components
5. Project timing for each step (project management style)
We will all rest better and be more willing to wait when we see those listed.
Otherwise, we feel like we need a refund. Simply because you've over promised and under delivered so far.
Time to rectify the Public Relations trajectory if you want repeat customers.
Terrahash, You dont have a product problem (crossing my fingers), you have a relationship problem with your customers.
We're back to this again? It's only been a few weeks and we're back to demanding proof of things??
We have seen their chip orders, seen them basically get endorsed by BKKcoins, seen them get their board hashing, seen their offices, and seen them take a regular part in the forum. Now you are saying you need to see POs for parts, finished boards (though the chips aren't here yet), and their project management plan? I think Terrahash has provided everything we need to see to know that they are legitimate. Do you need to see their credit card statements and home utility bills too? I'm with Joe on this, we just need to know when the chips arrive. That is all that matters. That is not something TH can control. Everyone is waiting for Yifu to send the chips. I would recommend reading this entire thread and spare us the fear mongering. This is the same garbage we see on other threads.... we need to see proof of.... you name it.
When I managed forex accounts I always told my clients "do not invest your rent". Don't invest money you can't afford to lose. But, I'll take it one step further, don't invest if you don't have the stomach for it. We all bought pre-orders, which the delivery of said pre-orders had multiple variables. Some of the variables are controlled by our seller, in this case TH. I think they have been working to hold up their end of things. The most important factor, chips, are not in their control. I don't think showing us a PO for pcbs and heatsinks is going to change our circumstances. You'll just demand to see something else next week. I personally verified that TH is legitimate and has the stated number of chips on order. They have contributed to BKK's work on the K16, which can be verified in his thread. I live a little over an hour from TH and have visited them twice. I do not see a need to go there now and check for boxes of heatsinks and pcbs. Even if I did, I'm sure some people would complain about something else and demand proof thereof. Read other threads and you'll see that everyone is upset about Avalon not sending the chips on time. Someone mentioned that only a small group of us are holding our orders? I'm sure the majority of people who ordered are holding their orders. Unless you spend 5-10x the original cost of a board or miner on ebay, you are waiting. Doesn't really matter who you buy from at this point. You could buy 100 asicminer usbs...
I want to note that TH told me that when they bought the 2 additional early May pre-orders (from an individual in the bay area) they did so at a premium. They wanted to make sure that there would be enough chips for all of us to be in the "first batch". I think they have done a lot to try to accommodate us and make sure that we all get what we paid for in a timely manner. Their money is tied up in paying for all of the parts that will complete our boards.
In some ways, I wish they would refund people asking for it, so we could buy your extra boards and be done with your complaining in this thread. nuff said.
Ya know, i appreciated that you went out there and took those videos and showed us the work in progress-klondike unit and I thought "wow! what a swell guy! we are lucky to have members in the community that will make this bitcoin work!". But now I am going through reading your pro-terrahash posts and talking down anyone who has ANY doubts whatsoever, I think I have to re-evaluate that initial misled thought.
I get it, you're not here to make friends.
And yes, I get it, Terrahash is at the mercy of Avalon
And no, I am not interested in arguing with you or trying to bestow the same kindness you've shown me or anyone with doubts and concerns about their orders.
BUT
What I AM interested in, is whether or not Terrahash has performed all the obligations to their customers (less avalon chips) to fulfill the orders.
I cannot fathom why anyone would not welcome this request for common courtesy that we, the customers, are entitled to.
(unless some units were furnished with sample chip shipments received to certain individuals for crowd control perhaps? Like the Nazis provided preferential treatment to certain selected jews to keep them marching into the gas chambers)
Let me put it this way, my gut tells me that terrahash do NOT have everything they need to mass produce our orders simply based on the inconsistencies of their stories, flip flopping, misleading statements, etc they have publicly displayed thus far.
So let me once again invite Terrahash to clear its name in the public forum once and for all.
If Terrahash cannot, please refund all monies owed immediately as you are no where near meeting your obligations EVEN IF Avalon delivers tomorrow.
Therefore Terrahash is breaking the basic premises (not force majeure in this case, like you have suggested) for which we, misled customers, have willingly taken the risk to provide funds and await patiently for months, interest free.
Should've known this was gonna happen within a week Terrahash got caught lying to us that they were gonna scam us...
Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
YOU ARE ON THE HOOK FOR 100% NOT 50%.
Dont think you can scam people to accept a 50% deal for YOUR failures. Customers are not responsible for the risks you took.
Your operation cost is no way near the 50% of the estimated 800 Grand you took in is it?
Quote
Like watching a train wreck, i just cant turn away. Are people really this fucking stupid, if you are out of 4 figures i would be filing for legal action weeks ago.
Funniest thing I have read in this thread!
Legal action, oh c'mon guys TH just had some bad breaks, they will come through...keep the faith!
Longer we wait the chances of us ever getting anything back dwindles.
he placed his house for sale in late july. Just about when people started asking questions regarding the product development status.
Further info:
Search for "Terrahash" business registration here under corporation category
http://kepler.sos.ca.gov/
Entity Name: TERRAHASH, INC.
Entity Number: C3566232
Date Filed: 05/14/2013
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 366 S MARY AVE
Entity City, State, Zip: SUNNYVALE CA 94086
Agent for Service of Process: CORPNET, INCORPORATED
Agent Address: 340 N WESTLAKE BLVD STE 210
Agent City, State, Zip: WESTLAKE VILLAGE CA 91362
Not sure if this the same terrahash but some close to this can give a visit?
Entity Address: 366 S MARY AVE
Entity City, State, Zip: SUNNYVALE CA 94086
This is the county CAD info for that house:
https://www.sccassessor.org/apps/rollValueResult.aspx?SFrom=rp&SType=rp&ApnValue=16509009#
And it is listed for sale: <---------- fleeing the country?
http://www.redfin.com/CA/Sunnyvale/366-S-Mary-Ave-94086/home/1591572
But that house separate mailing address:
853 AMES AV PALO ALTO CA 94303
Possibly the "real" location
Search for "Terrahash" business registration here under corporation category
http://kepler.sos.ca.gov/
Entity Name: TERRAHASH, INC.
Entity Number: C3566232
Date Filed: 05/14/2013
Status: ACTIVE
Jurisdiction: CALIFORNIA
Entity Address: 366 S MARY AVE
Entity City, State, Zip: SUNNYVALE CA 94086
Agent for Service of Process: CORPNET, INCORPORATED
Agent Address: 340 N WESTLAKE BLVD STE 210
Agent City, State, Zip: WESTLAKE VILLAGE CA 91362
Not sure if this the same terrahash but some close to this can give a visit?
Entity Address: 366 S MARY AVE
Entity City, State, Zip: SUNNYVALE CA 94086
This is the county CAD info for that house:
https://www.sccassessor.org/apps/rollValueResult.aspx?SFrom=rp&SType=rp&ApnValue=16509009#
And it is listed for sale: <---------- fleeing the country?
http://www.redfin.com/CA/Sunnyvale/366-S-Mary-Ave-94086/home/1591572
But that house separate mailing address:
853 AMES AV PALO ALTO CA 94303
Possibly the "real" location
Avalon are shipping chips, refunding chips.
If terahash asked for a refund, you should all recieve refunds 100%
If he did not cancel there is no excuse for you guys not receiving your miners.
This is not a group buy. None of you should eat his loses.
If you do, I hope each and everyone of you report this to the local fraud department with a link to this thread.
Am sure he is lurking here with a different login. Perhaps you guys should set him a time limit to respond..
P.S. The K16 is not the only board for these chips, there is no excuse there. Ok it might not fit in the shiny boxes TH may have brought but who cares.
If terahash asked for a refund, you should all recieve refunds 100%
If he did not cancel there is no excuse for you guys not receiving your miners.
This is not a group buy. None of you should eat his loses.
If you do, I hope each and everyone of you report this to the local fraud department with a link to this thread.
Am sure he is lurking here with a different login. Perhaps you guys should set him a time limit to respond..
P.S. The K16 is not the only board for these chips, there is no excuse there. Ok it might not fit in the shiny boxes TH may have brought but who cares.
cases were never purchased.
The five stages of grief are:
**Edit**
1-Denial <-- 8/1
2-Anger <-- 8/7
3-Bargaining <-- 8/10
4-Depression <-- 8/15
5-Acceptance <-- 9/18
Where are you?
**Edit**
1-Denial <-- 8/1
2-Anger <-- 8/7
3-Bargaining <-- 8/10
4-Depression <-- 8/15
5-Acceptance <-- 9/18
Where are you?
scam artist 1 : Me 0
Re: Mining Equipment Manufacturers -- 10, 15, 20, 25, 30% Big News From Cointerra
Yeah, thanks for the input guys. Has anyone at all gotten Avalon chips? I should put all projects based on them in a separate category.
I'll make a note about this at the top of their homepage btceic, thanks for your diligence.
I'll make a note about this at the top of their homepage btceic, thanks for your diligence.
uhh... terrahash is a scam so better not classify them under that. The latest thing they are trying to do is blame bkkcoins for incomplete firmware... but frankly speaking... terrahash had claimed 100% readiness since 8/1 having proven out everything. Unfortunately they havent even got a 4.5ghash k16 to hash correctly
Re: Mining Equipment Manufacturers -- 10, 15, 20, 25, 30% Big News From Cointerra
Please correct your list -- terrahash has NEVER EVER produced a working prototype to date.
Your list will mislead the public and unsuspecting victims.
Again they licensed a board from someone that stopped producing the firmware and production of the board. When TH started they assumed majority of the work was already going to be done for them since they were licensing the board. But BKK stopped working on the project which then made TH have to do all of the work.
BKK basically said he's done working on the board which sucks.
BKK basically said he's done working on the board which sucks.
Ah, I see, so that's the latest excuse, eh?
If that's what makes you feel better about yourself then sure. You can ignore reality and facts and substitute your own all you want.
before I dismiss you as delusional (which you seem to be)
Lets wait for the timer to run out.