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Topic: Avalon Batch #3 & More - page 2. (Read 5868 times)

member
Activity: 68
Merit: 10
July 15, 2013, 06:48:39 PM
#89
Ouch man, that really sucks. Hope you're able to work something out...
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
July 15, 2013, 06:41:35 PM
#88
I am in a difficult situation...

A. I can't get a refund, because all Avalon's were bought in a group buy and some people paid 2x what we originally paid to take over shares. These people would be pretty mad if I all the sudden got a refund and they lost half their money.

B. I have paid 3 months rent and bills now at the commercial space where I have planned to host the equipment.

I hope Avalon is happy with themselves, this has been one of the worst business decisions ever for me to decide to host Avalons, due to Avalon's delays. They certainly owe it to their batch 3 customers- I hope they give back somehow, but I am doubtful that they will. Otherwise, Avalon is no different from BFL, and I will never forget about this or buy an Avalon product ever again.

Avalon got greedy and decided to jack the prices up to $10k a machine due to how much money they were making. But, since we get them 3 months late this price is unacceptable now, I don't think Avalon would pay this price themselves. I hope that Avalon and company still have a heart and realize that they screwed batch 3 customers (but again, I am doubtful we will see any recourse).





member
Activity: 67
Merit: 10
July 15, 2013, 06:28:38 PM
#87
Bump
full member
Activity: 204
Merit: 100
July 15, 2013, 11:20:03 AM
#86
Yea,

it was a lottery and everyone except batch 3 lost. Batch 1 & 2 + Chip orders: winner. Batch 3: loser.

Its that easy.
I myself am also a loser.


Yeh it was lottery, but not that Avalon will be late or not. We paid more to get miners on time.
sr. member
Activity: 294
Merit: 262
July 15, 2013, 11:13:59 AM
#85
Yea,

it was a lottery and everyone except batch 3 lost. Batch 1 & 2 + Chip orders: winner. Batch 3: loser.

Its that easy.
I myself am also a loser.
full member
Activity: 245
Merit: 104
July 15, 2013, 10:27:26 AM
#84
Whatever the wording, there is no way to make ROI even in 3 months now, and after 3 months things get insane with all these companies new ASICs and chips and what have you. If Bitfury ships their August units, this makes ROI impossible. Add Avalons own chips, Bitfury chips, KNC miners, ASICminer.. things are looking very gloomy. We literally have 1-2 month max to make ROI, after that, if you haven't paid off your unit, you are screwed. With current 73btc min that people paid this seems impossible.
full member
Activity: 204
Merit: 100
July 15, 2013, 10:26:23 AM
#83
Everyone is saying "partial refund"  but what people are really asking for is a discount due to delay.
Correct?

I would think a "partial refund" is when you ordered two units but only get a refund on one of them.

You get discount before paying IMO. After paying it is refund (full or partial).
sr. member
Activity: 490
Merit: 255
July 15, 2013, 10:21:21 AM
#82
Everyone is saying "partial refund"  but what people are really asking for is a discount due to delay.
Correct?

I would think a "partial refund" is when you ordered two units but only get a refund on one of them.
full member
Activity: 245
Merit: 104
July 15, 2013, 09:12:23 AM
#81
I hope they are sleeping and dreaming of waking up, issuing partial refunds and sending out all units.
full member
Activity: 204
Merit: 100
July 15, 2013, 08:55:29 AM
#80
It's the 15th, what happens now? The deadline is over for submitting the form. If anyone receives anymore information please post.

Its already 10.00 PM of July 15th in China. Nothing happened  Undecided
member
Activity: 67
Merit: 10
July 15, 2013, 08:53:17 AM
#79
It's the 15th, what happens now? The deadline is over for submitting the form. If anyone receives anymore information please post.
full member
Activity: 125
Merit: 100
July 14, 2013, 05:05:22 PM
#78
This has nothing to do with Batch #3 but the Batch 2 countdown thread seems locked so I'm posting here. My friend was one of the earliest orders of batch #2 and has yet to receive anything close to shipping information for his avalon yet they are about to start sending batch 3. He only has a noobie account but his post about it is here. https://bitcointalksearch.org/topic/avalon-batch-2-order-scam-255910 I really hope Yifu or somebody sees this and helps my buddy out.
full member
Activity: 245
Merit: 104
July 14, 2013, 03:38:18 PM
#77
Did some more get a refund or a reaction at all?

It was the weekend and it is 5am in China now, I think we should see refunds shortly.
sr. member
Activity: 490
Merit: 255
July 14, 2013, 11:22:35 AM
#76
Did some more get a refund or a reaction at all?

It is unfortunate that the refund mechanism is separate from the store.  
I just submitted a support ticket to confirm my refund request and I realized I had put in the wrong order number yesterday (could see it in the form insta-fill of the browser).   Good thing I double checked. I just corrected it with another refund form entry, but I hope it gets read in time.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
July 14, 2013, 11:08:12 AM
#75
Did some more get a refund or a reaction at all?
newbie
Activity: 36
Merit: 0
July 14, 2013, 11:03:35 AM
#74
Is there any trusted source which confirms the google refund form ( https://docs.google.com/forms/d/1qYcIa0TQqUDJzvaKrF8mlJFfPRbf_h5d85Ers3wu040/viewform?pli=1 )
is legit and produced by BitSyncom? I got no newsletter via email.

I'm surprised how many people just fill it out without wondering where it came from...
full member
Activity: 245
Merit: 104
July 13, 2013, 12:30:35 PM
#73
Yeah i submitted a refund ticket, nobody is going to bid on your avalon more than you paid as ROI is nearly impossible to achieve, especially with all the avalon chips, and ASICminer constantly adding new units online. Not counting all those other new companies.
legendary
Activity: 1258
Merit: 1001
July 13, 2013, 12:20:56 PM
#72
While avalon says they will start shipping batch #3 on monday, is there a reason why people are trying to request refunds? seems i m missing something here

ROI is pretty compromised now. With the delay and all those chips they will start shipping at pretty much the same time as batch #3, it's going to be tough mining those 75/100 btc back, even with some overclocking. I'd rather have 100btc in hand now than a "maybe you'll get it back in a year"
Ok, but that will count if those clone manufacturers use those chips effectively. Those miners are no cheaper than 80 btc anyway and many such clones lack built in wifi capabilities etc.
In the worst case u can just auction the avalon once it reaches to your hand in auction section of this form or over ebay and u can easily get one and half times of the btc u could get refunded. Just my thoughts Smiley
member
Activity: 67
Merit: 10
July 13, 2013, 11:21:31 AM
#71
-"No Refunds - The Avalon units are made on a built-to-order basis. This means when you place an order, your bitcoins are used to order parts to construct your Avalon Unit. Refunds therefore are impossible. Utilizing a short time frame, batch based, and built-to-order method allows to manage finances properly and reduce risk for all parties. e.g. Avalon ASIC, the re-sellers and the buyers."

There was not a refund option in the first place. Given there have been delays and setbacks, Yufi stated he would refund do to delays.

-"we opened refunding option for batch #3 order since it is quite delayed, batch 2 is shipping and should be finished shipping in the end of the month, then batch #3 is to start right after, we are not refunding chip orders since the coins gets sold and is used to pay for chip order at foundry, canceling is not really possible."

He also stated all refunds will be paid in full (no additional interest).

-"all refunds are in full, in addition, you must obtain the invoice URL OR your return address must be one of the inputs."

You can get your BTC back at least. This was never an option in the first place. I think what everyone is pondering at this point is when this will occur.
sr. member
Activity: 448
Merit: 250
July 13, 2013, 10:03:56 AM
#70
While avalon says they will start shipping batch #3 on monday, is there a reason why people are trying to request refunds? seems i m missing something here

ROI is pretty compromised now. With the delay and all those chips they will start shipping at pretty much the same time as batch #3, it's going to be tough mining those 75/100 btc back, even with some overclocking. I'd rather have 100btc in hand now than a "maybe you'll get it back in a year"
Correct. And I think they should refund 5% more for the interest because of the delay.
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