Bitcoin ASIC builder Terrahash changes refund policy and refuses customer
Terrahash, one of several ASIC mining rig builders, has changed its refund policy. The company's FAQ has recently been updated to say that all orders are final. It does, however, say that customers can request a refund prior to shipping, and such requests will be considered on a case-by-case basis. Terrahash is selling mining rigs based on Avalon ASICs, which puts it at the mercy of the Avalon supply chain. Unfortunately, claims were made against Avalon that it was mining with customer ASICs. Terrahash has already changed its shipping policy. The company originally announced its DX Large....
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ASIC bitcoin miner manufacturer TerraHash has told customers that it has gone out of business. The company is now facing legal action from at least two customers, CoinDesk has learned. The California-registered corporation announced on the Bitcointalk forum that several problems had caused it to cease trading. "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 [a] refund," said someone using the TerraHash account in the official TerraHash forum. "We already owe a....
TerraHash, the Californian company which has been promising Avalon-based ASIC miners, has started taking preorders on its website - but has also lost over $100,000 worth of business due to late delivery. The company, which announced its entry into the ASIC mining market just over a month ago, is promising a device it is calling the DX Large. It will use boards designed to contain ASIC chips manufactured by BitSynCom, which has announced that it will sell those chips independently to manufacturers. TerraHash had previously said that it wouldn't take payment for products until they were....
Another ASIC mining firm has entered the fray, this time using chips from a third party provider. Californian firm TerraHash is promising customers huge mining rigs using Avalon ASIC chips from designer BitSuncom. The company will use ASIC boards from BKKCoin, a Thailand-based electrical engineer who has been creating a specification for a circuit board containing 16 Avalon chips. “The boards for which we provide the Avalon ASICs, will start shipping in about 2 months,” said Terrahash in its FAQ. “We have already ordered 20,000 Avalon chips, and will order more in the coming days. As soon....
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Avalon has retracted its no-refunds policy after announcing delayed delivery of its ASIC chips. The company said in an email update that the delays were caused by events beyond its control, but added that customers who placed their orders before 1st June can request a full refund (in bitcoins) if they desire. It goes on to say it is receiving a batch of more than 400,000 chips on Wednesday (4th September) so expects to be able to meet the deadlines for orders made in June or later. "In addition, we hope to wrap up generation one, finish shipping the chips, construct the modules and build....