Basically miner hosting companies are all out of business these days since there are hardly any miners that can turn a profit with paid hosting.
Alot has changed since 2013
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Don’t waist time looking for a refund it’s not going to happen I think if Toomin can show they genuinely had problems first couple of days ( not a friend of there’s posting on there behalf) then perhaps some faith can be restored in them, cloud mining business model was not good but in fairness nobody new the speeds we would be getting with software improvements and price of zcash first week, was a shock to us all and cloud mining companies are trying to catch up albeit in my opinion still have some ways to go to provide the service customers will be happy with, when and if Zec reaches 1 bitcoin in value you will look back and be happy with investments maybe,
toomim, take your responsiblility ,my refund btc address: 1C4yyZhQCAkfWanMAACiJBTYj7CUKM828W
toomim, take your responsiblility ,my refund btc address: 1C4yyZhQCAkfWanMAACiJBTYj7CUKM828W
Is there an echo in here?
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Toomins are incredibly bullish in their ops, and they have a pinto of an operation to be honest.
People make bad investments and unfortunately you made one. It happens to all of us sometime in our lives. From a terrible dinner, to paying someone for landscaping our yard and they do a crap job. You do realize that the government still defines cryptomining as experimental computer science. The keyword being experimental. With all things experimental there is always a notion that you could lose everything. Just like if you bought hash power for a coin that shortly after it’s release was recalled or frozen by the government that controlled the servers that released it.
Cryptomining is always a crap shoot. Everyone keeps there fingers crossed.
I run a 800 gpu mini mine of my own. I never buy hashpower never will I will buy time on there system which i do periodically. A 1 month time on a companies system or a year. Just to get the edge. Generally you have to understand they make money off a person that buys hashpower. That’s the gamble they were willing to make which could have went down as well as up. It’s like putting everything on black and hoping the ball lands on black at the roulette table. Toomin I am a business man I see the troubles in this. If you sold hash power and someone was willing to pay for it. Then absolutely cash in. Just like if you went to walmart and bought a TV today at 400 dollars and in 3 weeks walmart closes a deal to get the same tv for 199 dollars too bad so sad for the customer. You wanted it at that time and you know the volatility of the deal.
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Honestly the best advice I’ve seen. It’s honest.
Excellent rebuttal to the whining this thread has become. Contract holders - you have made your point. Put your big boy pants on, accept you made a bad investment on hype and move on. Be comforted at least that you are getting more than you originally paid for. If you had received what you actually bid for, you would have lost even more money.
Unfortunately, Toomim was allowed to miss-sell his product and services on the forum. Naturally some are angry and frustrated. Looking threw the comments it’s fairly clear that rather than accepting responsibility Toomim sought to discredit those expressing their dissatisfaction.
To some extent yes, they have made the point clear. Now the ball is in Toomim’s court, play it out or man up and offer refunds to those whom are demanding it.
It makes no difference to me either way but would offer this thought, based on my own experience disputes like this can and do often turn into years of legal ramblings and millions of dollars in fees. Once things start snow balling in that direction finding an amicably accepted resolve tends to make a lot more sense. However if one party takes the moral high ground on principle, all rationale goes out the window and that long drawn out legal fight looks all the more inevitable.
Toomim Bros. is a minnow in deep waters so having customers that feel wrongly treated or trodden upon is like waving at sharks. - just saying 
Yes they advertised with the big boys with big promises but later were exposed as a garage setup with no experience in dealing with software and hardware at this level, 2 days to fix problems at start which kept there rigs offline is not acceptable and I cannot think of a problem that would take a professional that long to fix, surely they were running there setup on testnet long before mainnet and problems would be detected there, mining is not rocket science and any issues should have been spotted on testnet, now they have given compensation for down time but looks like they have lost credibility with people thinking they mined for 2 days with customers contracts to make a killing with price of zcash in that time been unrealistically high
yes ,Toomim were exposed as a garage setup with no experience in dealing with software and hardware at this level, 2 days to fix problems at start which kept there rigs offline is not acceptable and I cannot think of a problem that would take a professional that long to fix,
toomim, take your responsiblility ,my refund btc address: 1C4yyZhQCAkfWanMAACiJBTYj7CUKM828W
so that being said was any service rendered? I don’t think a full refund is ever a legal obligation if some usable service was rendered. If absolutely no hash’s were done on your behalf then yes a full refund. This has happend to many startups especially the bitcoin ones. toomim is not the first nor will he or they be the last. The smart thing to do is ask the right questions ask for references from other customers. Never pay for hash pay for time or KWH of run plus time. Although if the big boys sold time they would go bankrupt lol. You have to maintain profitability. Even with my hundreds of GPU’s running I don’t sell hash power which i could because I wouldn’t feel right about that. I will sell KWH on my system though when i get my 240kw solar system finished though as I sell solar and PPA’s cheap electricity is truley where the money is at with Zcash my current 24kw solar system paid for itself in just 7 months. But I do have access to cheaper panels than most of the world through my company.
Like I said before, unless you get lawyers involved or pay them a visit locally they will ignore all yours posts.
If you hire an excellent lawyer ($1000/hr) he will find a way to make the legal contract void in some way. Pretty sure they made a mistake somewhere in their contract.
However unless you guys invested $100,000 with them, its not worth the hassle.
from their website you can tell they are fraud, totally a homebrew lack of skill job.
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so that being said was any service rendered?
We have been rendering service for all but the first two days. We have been delivering far more hashrate than our customers have purchased; auction winners are currently getting 12x the hashrate that they paid for, and web order customers are currently getting 4x the hashrate that they paid for. Over the history of our contracts (including the first two days), we have averaged 3.95x as much hashrate delivery as our customers have paid for.
Still doesn’t matter as far as the actual legality of customers being allowed to break service contracts by law.
That said. The refund has to be in fiat value, with services rendered deducted and prorated over the contract term.
It’s really not rocket science.
Toomim not mining for some reason I’m getting 0 h/s… anyone else having the same problem?
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If you are a customer you can contact them directly. Thier website is https://toom.im
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