Search content
Sort by
Showing 20 of 1,247 results by kslaughter
Re: [VMC] The Official Virtual Mining Corporation Hardware Discussion
Virtual Mining Corpoation
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order is USD:
Bitcoin Refund Address
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order is USD:
Bitcoin Refund Address
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
So, correct me if I'm misunderstanding this, but the refund agreement says that the customer agrees to be refunded in BTC at no specific date using the coinbase.com rate on that particular date, and they furthermore agree that repayment covers all obligation that VMC has to the customer.
So let's say that between now and when the refund is paid, the customer enters into legal action against VMC. All VMC has to do is pay the refund for that customer, and doing so would activate the agreement and stop the legal action.
In other words, this isn't a refund request, it's a settlement agreement that doesn't even require VMC to pay anything up front. It can easily be triggered by VMC if you ever sue them, and it still lets them wait literally forever to pay you back. So the form gives VMC power that the customer shouldn't agree to.
We have already started sending out the first payment. We intend to pay refunds as soon as we receive the form and can process the request.
Virtual Mining Corporation
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you. Refund will be processed within 7 business days.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order in USD:
Bitcoin Refund Address:
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
_________________________________
Date
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you. Refund will be processed within 7 business days.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order in USD:
Bitcoin Refund Address:
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
_________________________________
Date
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
Re: [VMC] The Official Virtual Mining Corporation Hardware Discussion
Virtual Mining Corporation
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you. Refund will be processed within 7 business days.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order in USD:
Bitcoin Refund Address:
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
_________________________________
Date
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
Bitcoin Pre-Order Refund Agreement
I hereby agree for my pre-order equipment ordered from Virtual Mining Corporation paid is USD or bitcoins to be refunded to the bitcoin address below converted at the current coinbase.com buy price at the time the refund is issued. I agree that this will be a full repayment of Virtual Minings obgation to you. Refund will be processed within 7 business days.
Name:
Address:
City:
State:
Country:
Order ID:
Order Date:
Total amount of order in USD:
Bitcoin Refund Address:
I hereby agree the above terms:
_________________________________
Signed
_________________________________
Print Name
_________________________________
Date
Sign and scan the above agreement and email to btcrefunds@virtualminingcorp.com
Re: [VMC] The Official Virtual Mining Corporation Hardware Discussion
ANNOUNCEMENT:
We will soon start refunding all of our Pre-Order customers that have requested a refund and have not received their refund. We will be refunding the pre-order amount converted to BTC @ the coinbase current sell price. Our pre-order customer will have to agree to being refunded in BTC. We will post in about 1 week an agreement to be refunded in BTC. Should a pre-order customer wish to receive their refund in USD we will also do those refunds after the BTC refunds.
We will soon start refunding all of our Pre-Order customers that have requested a refund and have not received their refund. We will be refunding the pre-order amount converted to BTC @ the coinbase current sell price. Our pre-order customer will have to agree to being refunded in BTC. We will post in about 1 week an agreement to be refunded in BTC. Should a pre-order customer wish to receive their refund in USD we will also do those refunds after the BTC refunds.
Re: IN STOCK - $1.73/gh - VMC Fast Hash One Gold Rush - 750GH/s 0.83w/gh [SM]
Maybe you should put those directions on the web page, genius.
Genius, I have already instructed the website designer to add that to our description, thank you
Re: IN STOCK - $1.73/gh - VMC Fast Hash One Gold Rush - 750GH/s 0.83w/gh [SM]
Re: IN STOCK - $1.73/gh - VMC Fast Hash One Gold Rush - 750GH/s 0.83w/gh [SM]
...Payment in Bitcoin is apparently not an option ...
Re: IN STOCK - $1.73/gh - VMC Fast Hash One Gold Rush - 750GH/s 0.83w/gh [SM]
Do you guys plan on removing the products on your website which have been scrapped?
Also plan on removing the false advertising? This uses a hashfast processor not a fasthash one. Also doubt it is 0.8w/gh at the board level.
And 750gh +-20% means this chip could theoretically reach 900gh/s yet HF has yet to even break 800gh.
Also plan on removing the false advertising? This uses a hashfast processor not a fasthash one. Also doubt it is 0.8w/gh at the board level.
And 750gh +-20% means this chip could theoretically reach 900gh/s yet HF has yet to even break 800gh.
We are OEMing the chip, @jimmothy do you know what that means? Just for you information it means that we can relabel it with our own name on it. That is not false advertising this is done everyday. We are in the process of updating our site as you have seen with the new products. As soon as our new front page is up, we will be taking down the old products.
Re: IN STOCK - 750GH/s for $849 - VMC Fast Hash One Gold Rush 0.83w/gh
Sent an email asking to pay in btc.
Yes, we take BTC,
Order and select wire transfer and in the comment put that you want to pay with bitcoins. We will then send you a bitcoin address and the amount of bitcoins to pay.
Re: IN STOCK - 750GH/s for $849 - VMC Fast Hash One Gold Rush 0.83w/gh
Creditcard and i will order 10.
Bank transfer and i will order 0.
Bank transfer and i will order 0.
Who cares at $849 we will sell all that we have in stock.
these are the same as penny stocks. most fail, some don't, but they all cost only pennies a share, so one is able to invest small amounts to see what happens. at IPO there were mixed reports on Ken, but some trusted members had said they had worked with him in the past and saw a determined capable programmer and engineer, if somewhat unconventional and difficult to communicate with. My experience holding a small stake in actm has proven that these statements are mostly fair. However Ken's timing and management is terrible enough to tank this company, and he is often too stubborn to realize he his headed down a dead end. He is also one of the very worst communicators I have ever encountered, he over-promises and under-delivers consistently, and continually shifts blame for all failures to some vaguely identified "project managers" and "PR teams" which seem to be outright fabricated persons. As far as I can tell actm entire staff is ken and 2 teenagers (possibly family members) Regarding his fiscal trustworthiness... the jury is still out on that one... but the odds are not in his favor.
I threw some pennies at actm in the beginning and now it looks like those pennies were wasted, but...pennies. Unless you have solid insider information, you have very little to go on in terms of viability of any given offering. Due diligence will only get you so far when there is so little known about the principals involved, and only greedy fools throw large amounts at untried entities hoping they will win the lotto, they have no right to bitch, its their own damn fault they are losing their shirts. I really believe most of these supposed lawsuits that get discussed in this sub are empty threats made by butthurt gamblers hoping to light a fire under the operators' arses. Do any of them believe they will get even one satoshi after they get lawyers involved? If they have that large a stake in any of these "securities" then they are obviously not smart enough to know how things work.
All the same, I would love to see actm pull itself together and make my pennies shine...I'm saving up for a piece of dubble bubble ;-)
I threw some pennies at actm in the beginning and now it looks like those pennies were wasted, but...pennies. Unless you have solid insider information, you have very little to go on in terms of viability of any given offering. Due diligence will only get you so far when there is so little known about the principals involved, and only greedy fools throw large amounts at untried entities hoping they will win the lotto, they have no right to bitch, its their own damn fault they are losing their shirts. I really believe most of these supposed lawsuits that get discussed in this sub are empty threats made by butthurt gamblers hoping to light a fire under the operators' arses. Do any of them believe they will get even one satoshi after they get lawyers involved? If they have that large a stake in any of these "securities" then they are obviously not smart enough to know how things work.
All the same, I would love to see actm pull itself together and make my pennies shine...I'm saving up for a piece of dubble bubble ;-)
@gogxmagog Nice post. I would love to make your pennies shine.
Taking action now would be shooting ourselves in the foot, and a sure way of killing any hope of return of wealth.
It's simply too late for your appeal. Ken has had so many chances to open the books and get the logistics sorted. HE IS INCAPABLE OF MAKING A SUCCESS OF THIS COMPANY. He just can't do it. So the only chance of getting any money back is this class action.
We desperately need to sell miners and increase the data centre - HE CAN'T DO IT. Fact. Two more months of this and we are dead. Court action and freezing company funds is the only chance for shareholders - leave it to Ken and we have total loss.
@minerpart Sounds like a good plan, let see how it works out.
Ken,
please tell me about the status of my refund cheque!
please tell me about the status of my refund cheque!
Ken has wrote a total of 15 checks since Feb. One a week. ( this is going of 2 check number differences in that time) you need to try harder or take him to court. There's a VMC class Acton link on my unofficial thread
Edit. I got my refund check 5 months after asking for it. Worst customer service ever.
Ken refund him already!
Thanks for your support Magzy!
@Magzy Seems like your forgot that the refund check was mailed 3 months ago to you.
Wrong. Internet sales are considered by 'Telephone, indirectly'. You're in violation of codes 435.1, and 435.2 from what I see.
http://www.ftc.gov/sites/default/files/documents/cases/1998/04/compl3.htm
It only covers the selling of goods by mail or telephone.
(a) Mail or telephone order sales shall mean sales in which the buyer has ordered merchandise from the seller by mail or telephone, regardless of the method of payment or the method used to solicit the order.
Read it yourself.
http://www.law.cornell.edu/cfr/text/16/435.1
http://www.ftc.gov/sites/default/files/documents/cases/1998/04/compl3.htm
It only covers the selling of goods by mail or telephone.
(a) Mail or telephone order sales shall mean sales in which the buyer has ordered merchandise from the seller by mail or telephone, regardless of the method of payment or the method used to solicit the order.
Read it yourself.
http://www.law.cornell.edu/cfr/text/16/435.1
Seems you are right, anyway we are sending out refunds and we intend to offer 100% refunds to our customers own want a refund as fast as we can.
Each machine was built to order, the individualized order for the type of machine and the number of cards. We did not build a machine before we had a order for it.
Quote
When you learn that you cannot ship on time, you must decide whether you will ever be able to ship the order. If you decide that you cannot, you must promptly cancel the order and make a full refund.
http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
16 CFR Part 435 does not cover Internet Sales.
Quote
What Does the Rule Cover?
It applies to most goods a customer orders from the seller by mail, telephone, fax, or on the Internet.
It applies to most goods a customer orders from the seller by mail, telephone, fax, or on the Internet.
It only covers the selling of goods by mail or telephone.
(a) Mail or telephone order sales shall mean sales in which the buyer has ordered merchandise from the seller by mail or telephone, regardless of the method of payment or the method used to solicit the order.
Read it yourself.
http://www.law.cornell.edu/cfr/text/16/435.1
Each machine was built to order, the individualized order for the type of machine and the number of cards. We did not build a machine before we had a order for it.
Quote
When you learn that you cannot ship on time, you must decide whether you will ever be able to ship the order. If you decide that you cannot, you must promptly cancel the order and make a full refund.
http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
16 CFR Part 435 does not cover Internet Sales.
Ken,
could you tell my about the status of my refund cheque?
It's been 5 months now since I requested a refund...
could you tell my about the status of my refund cheque?
It's been 5 months now since I requested a refund...
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Quote
Isn't ken legally required to give refunds for every single preorder due to the fact that the product no longer exists? FTC says he can have delays up to 30 days past original shipment date or else refunds must be given. And FTC also says refunds must be given within 7 days of order cancellation.
source: http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
Quote
How Quickly You Must Make a Refund
When you must make a Rule-required refund, the following applies:
If the customer paid by cash, check, or money order, you must refund the correct amount by first class mail within seven working days after the order is cancelled.
If the customer paid by credit, you must credit the customers account or notify the customer that the account will not be charged, within one customers billing cycle, after the order is cancelled.
When you must make a Rule-required refund, the following applies:
If the customer paid by cash, check, or money order, you must refund the correct amount by first class mail within seven working days after the order is cancelled.
If the customer paid by credit, you must credit the customers account or notify the customer that the account will not be charged, within one customers billing cycle, after the order is cancelled.
source: http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
Look up the rule for custom orders. This is the rule for pre-manufactured items.
You're full of shit, a liar, and a thief. You never sold a custom item, custom would mean individualized. You presold a product, and you are lying and stealing from your victims. Man up and send the refunds or GTFO you loser.
Each machine was built to order, the individualized order for the type of machine and the number of cards. We did not build a machine before we had a order for it.
Ken,
could you tell my about the status of my refund cheque?
It's been 5 months now since I requested a refund...
could you tell my about the status of my refund cheque?
It's been 5 months now since I requested a refund...
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Quote
Isn't ken legally required to give refunds for every single preorder due to the fact that the product no longer exists? FTC says he can have delays up to 30 days past original shipment date or else refunds must be given. And FTC also says refunds must be given within 7 days of order cancellation.
source: http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
Quote
How Quickly You Must Make a Refund
When you must make a Rule-required refund, the following applies:
If the customer paid by cash, check, or money order, you must refund the correct amount by first class mail within seven working days after the order is cancelled.
If the customer paid by credit, you must credit the customers account or notify the customer that the account will not be charged, within one customers billing cycle, after the order is cancelled.
When you must make a Rule-required refund, the following applies:
If the customer paid by cash, check, or money order, you must refund the correct amount by first class mail within seven working days after the order is cancelled.
If the customer paid by credit, you must credit the customers account or notify the customer that the account will not be charged, within one customers billing cycle, after the order is cancelled.
source: http://www.business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule
Look up the rule for custom orders. This is the rule for pre-manufactured items.