ASIC Developer Bitmine AG Goes Bankrupt, Faces Lawsuits
Swiss ASIC miner developer Bitmine AG was officially declared bankrupt by the local court of Bellinzona, Switzerland, in May 2015. All accounts, assets and company documents have been handed over to the Swiss justice ministry and are under investigation. In an open letter released on the official website of Bitmine AG, the company's management claimed....
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Bitmine AG Owner Giorgio Massarotto (right). Over a year ago, CCN writer Rick Mac Gillis interviewed Kerim Chikhi, a representative of Bitmine AG, the Swiss ASIC miner manufacturing company. Even then, customers had been waiting months for refunds since their orders were never fulfilled. Background. At the time, Chikhi confirmed the claims of many customers that they had been waiting "1-2 months" for refunds. When asked if his company had ever shipped a single mining rig, Chikhi said: I won't point out a specific post, but on our official forum, you will find, among many negative comments,....
Bitmine AG, the Swiss Bitcoin mining hardware producer which CCN recently reported was facing multiple lawsuits in regards to undelivered hardware and broken promises, has declared bankruptcy in the Swiss city of Bellinzona. In a lengthy note posted to their website, Bitmine explained their insolvency, complete with a breakdown of costs versus income. Cold comfort for the customers who never received their hardware at all, of course, and in most countries, bankruptcy means that all creditors are basically out of luck. In the case of a company taking pre-orders, it seems that's really what....
A Hong Kong-based investment company is ramping up an ASIC mining hardware business that will drop four Petahashes (PH/s) of computing power onto the network by the end of March. Massive Luck Investments, domiciled in Hong Kong but registered in the British Virgin Islands, has taken a 50% stake in Swiss mining hardware manufacturer Bitmine, (formerly Exion Networks), which has been designing Avalon-based mining hardware. The new venture spans ASIC hardware sales to individual customers, hosted mining, and its own private mining pool. Massive Luck Investments, which has offices in places....
Customers of Bitmine AG have been requesting a considerable number of refunds from them, and claim that it's taking too long to receive their money back. How long is too long to wait for a refund when a company is overloaded with requests? Third-party websites like BitmineRefund.com claim to list late customer refund requests, but looks may be deceiving! Not all customers who receive their refund are jumping to let the site know that they have received it. Bitmine AG Exclusive Interview. I conducted an interview with Kerim Chikhi, who is a representative of Bitmine AG. What are the delays....
A bitcoin rewards concept took home $10,000 in bitcoin at the second annual Miami Bitcoin Hackathon held this weekend at The Lab Miami. Called BitMine, the Foursquare-like app won the event by using bitcoin bounties as a way to incentivize consumers to patronize physical stores. In turn, the service provides merchants with data on new customers in search of the rewards. "The problem we’re trying to address is that it’s not easy for people to have access to bitcoin, but if we can make it so people can walk in and collect it, we can break barriers," the BitMine team said in its....