[Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED - page 24.

Henchman24

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Quote from: OracionSeis on September 02, 2013, 01:08:36 PM

Quote from: Henchman24 on September 02, 2013, 12:43:16 PM

Quote from: t13hydra on August 13, 2013, 09:03:42 AM

Quote from: DobZombie on August 12, 2013, 02:46:43 PM

Is this purchase gonna be affected with all these avalon problems? We need your guidance Steve!

Hi there,
Problem is that if i don't have chips i cannot go on with the work. So, somewhat yes, the deliveries are going to be affected. But not to worry, everybody will be served.

This is the comment to which I was referring a few posts above. Could you please expand on this? Do you have an estimate for how long the work is going take after you receive the chips?

I am guessing that 1 week to assebmle all miners which has been ordered and 1 week to test them! equals total 2 WEEK on my mind.

Fantastic, if that turns out to be the case. I was under the impression there was actual development/debugging left to do.

OracionSeis

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Activity: 756

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Quote from: Henchman24 on September 02, 2013, 12:43:16 PM

Quote from: t13hydra on August 13, 2013, 09:03:42 AM

Quote from: DobZombie on August 12, 2013, 02:46:43 PM

Is this purchase gonna be affected with all these avalon problems? We need your guidance Steve!

Hi there,
Problem is that if i don't have chips i cannot go on with the work. So, somewhat yes, the deliveries are going to be affected. But not to worry, everybody will be served.

This is the comment to which I was referring a few posts above. Could you please expand on this? Do you have an estimate for how long the work is going take after you receive the chips?

I am guessing that 1 week to assebmle all miners which has been ordered and 1 week to test them! equals total 2 WEEK on my mind.

Henchman24

sr. member

Activity: 378

Merit: 250

Quote from: t13hydra on August 13, 2013, 09:03:42 AM

Quote from: DobZombie on August 12, 2013, 02:46:43 PM

Is this purchase gonna be affected with all these avalon problems? We need your guidance Steve!

Hi there,
Problem is that if i don't have chips i cannot go on with the work. So, somewhat yes, the deliveries are going to be affected. But not to worry, everybody will be served.

This is the comment to which I was referring a few posts above. Could you please expand on this? Do you have an estimate for how long the work is going take after you receive the chips?

Henchman24

sr. member

Activity: 378

Merit: 250

Quote from: t13hydra on September 02, 2013, 08:29:50 AM

Quote from: Henchman24 on September 02, 2013, 08:24:13 AM

Quote from: t13hydra on September 02, 2013, 07:37:44 AM

I agree with Skrubalov. For those who don't know or don't care about the details, the bitcoin price is always following the difficulty. Furthermore, the introduction of new technology always boosts the prices higher (see the timeframe when the first ASICs came into game by Avalon). That said, i can "almost" promise you that the bitcoin price will not stay at $140 - $150, it will climb even higher. So when you draw the line after mining for one month, you will get almost the same amount of money. Right now, with the difficulty of 65 million, the price of the BTC counterbalances marvelously the difficulty, making the ROI exactly 3 months for one full klondike miner together with chips! Not a single day more than i have calculated back in May while starting the Group-Buy.
So my advice is DON'T PANIC! Never panic, because it doesn't solve anything. Everything is going to be fine and i promise i'll do my best to make it be ok for you guys.

Difficulty goes to 86+ million in a little over a day. Also, didn't you previously say you were waiting on chips just to finish development? Or are the boards ready to pop chips onto them?

I wish I shared your optimism. Perhaps you'd like to buy me out?

The calculations in the above post were estimated using a difficulty of 85M. If that still holds a ROI of 3 months, i don't see the point of being nervous....

~~Are you saying you expect to ship miners before the next (post ~85M) difficulty jump?~~ nvm I get what you're saying. I don't necessarily agree though, since the time to positive ROI is not going to grow linearly.

Sorry, I'm not trying to be argumentative, just trying to understand. The reason for any perceived "panic" or "nervousness" on my part is because the window for obtaining a refund ends on Wednesday, I believe. It sounds like you've already made the call to see this through though. So, I guess I'll just buckle up.

*Edit: My offer to be bought out still stands. How can you pass up a sweet opportunity like that? Don't be nervous... Wink

t13hydra

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Activity: 238

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Quote from: Henchman24 on September 02, 2013, 08:24:13 AM

Quote from: t13hydra on September 02, 2013, 07:37:44 AM

I agree with Skrubalov. For those who don't know or don't care about the details, the bitcoin price is always following the difficulty. Furthermore, the introduction of new technology always boosts the prices higher (see the timeframe when the first ASICs came into game by Avalon). That said, i can "almost" promise you that the bitcoin price will not stay at $140 - $150, it will climb even higher. So when you draw the line after mining for one month, you will get almost the same amount of money. Right now, with the difficulty of 65 million, the price of the BTC counterbalances marvelously the difficulty, making the ROI exactly 3 months for one full klondike miner together with chips! Not a single day more than i have calculated back in May while starting the Group-Buy.
So my advice is DON'T PANIC! Never panic, because it doesn't solve anything. Everything is going to be fine and i promise i'll do my best to make it be ok for you guys.

Difficulty goes to 86+ million in a little over a day. Also, didn't you previously say you were waiting on chips just to finish development? Or are the boards ready to pop chips onto them?

I wish I shared your optimism. Perhaps you'd like to buy me out?

The calculations in the above post were estimated using a difficulty of 85M. If that still holds a ROI of 3 months, i don't see the point of being nervous....

Henchman24

sr. member

Activity: 378

Merit: 250

Quote from: t13hydra on September 02, 2013, 07:37:44 AM

I agree with Skrubalov. For those who don't know or don't care about the details, the bitcoin price is always following the difficulty. Furthermore, the introduction of new technology always boosts the prices higher (see the timeframe when the first ASICs came into game by Avalon). That said, i can "almost" promise you that the bitcoin price will not stay at $140 - $150, it will climb even higher. So when you draw the line after mining for one month, you will get almost the same amount of money. Right now, with the difficulty of 65 million, the price of the BTC counterbalances marvelously the difficulty, making the ROI exactly 3 months for one full klondike miner together with chips! Not a single day more than i have calculated back in May while starting the Group-Buy.
So my advice is DON'T PANIC! Never panic, because it doesn't solve anything. Everything is going to be fine and i promise i'll do my best to make it be ok for you guys.

Difficulty goes to 86+ million in a little over a day. Also, didn't you previously say you were waiting on chips just to finish development? Or are the boards ready to pop chips onto them?

I wish I shared your optimism. Perhaps you'd like to buy me out?

t13hydra

full member

Activity: 238

Merit: 100

Quote from: inspireweb.ro on September 02, 2013, 07:49:33 AM

+ the overclock , the ROI is less than 3 months for one full asic.

Yes. Have a little patience, that's all. I know it's mind bugging to wait, it's awfully stressful even to order parts and find out that everything takes weeeeeks and weeks.. Fortunatley i've started ordering a good while ago, so i don't run into problems with ASIC chips waiting in a box. Also, the stress of every day take a toll on the most important part of these GBs, the communication, but i'll try to update you guys now and then.

inspireweb.ro

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+ the overclock , the ROI is less than 3 months for one full asic.

t13hydra

full member

Activity: 238

Merit: 100

Quote from: skrubalov on September 02, 2013, 06:55:50 AM

Quote from: acidu on August 30, 2013, 05:33:38 AM

Quote from: skrubalov on August 30, 2013, 02:37:36 AM

I am with marto on this one:
I want my chips sent to my assembler.
I do not want a refund.

can you explain why?

do you have a method and you will see ROI ?

do you know something that we do not know?

- or is more like curiosity... to see the PCB populated and up and running knowing that you will NEVER get your invested money back... and talking about profit is useless

Yep
1. I don't need them to ROI, i have payed with bitcoins mined from my farm witch have ROI-d itself long time ago. So this is reinvestemnt for me.
2. I don't pay for electricity
3. They will ROI. It will take 4 months for that according to my calculations.

I agree with Skrubalov. For those who don't know or don't care about the details, the bitcoin price is always following the difficulty. Furthermore, the introduction of new technology always boosts the prices higher (see the timeframe when the first ASICs came into game by Avalon). That said, i can "almost" promise you that the bitcoin price will not stay at $140 - $150, it will climb even higher. So when you draw the line after mining for one month, you will get almost the same amount of money. Right now, with the difficulty of 65 million, the price of the BTC counterbalances marvelously the difficulty, making the ROI exactly 3 months for one full klondike miner together with chips! Not a single day more than i have calculated back in May while starting the Group-Buy.
So my advice is DON'T PANIC! Never panic, because it doesn't solve anything. Everything is going to be fine and i promise i'll do my best to make it be ok for you guys.

skrubalov

newbie

Activity: 50

Merit: 0

Quote from: acidu on August 30, 2013, 05:33:38 AM

Quote from: skrubalov on August 30, 2013, 02:37:36 AM

I am with marto on this one:
I want my chips sent to my assembler.
I do not want a refund.

can you explain why?

do you have a method and you will see ROI ?

do you know something that we do not know?

- or is more like curiosity... to see the PCB populated and up and running knowing that you will NEVER get your invested money back... and talking about profit is useless

Yep
1. I don't need them to ROI, i have payed with bitcoins mined from my farm witch have ROI-d itself long time ago. So this is reinvestemnt for me.
2. I don't pay for electricity
3. They will ROI. It will take 4 months for that according to my calculations.

invader

sr. member

Activity: 266

Merit: 250

Im in for full refunds of the chip price. The best possible option for now is to wait until 2nd gen chips samples and specs would be available. Also, in my opinion, as the new chip would be mostly compatible (at least what was stated from avalon) it's very likely that K16 pcb's with a little changes could handle 2nd gen chips, so most of the already ordered components can be reused.

Henchman24

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Activity: 378

Merit: 250

Quote from: OracionSeis on September 01, 2013, 03:18:48 PM

Quote from: Plazma on September 01, 2013, 01:28:07 PM

Are the boards fully payed. Do you keep the funds in btc or are they payed/converted. How much can we get refunded.

I asked him personally ;

Code:

Hi,
It's a bit late as i have paid for the components already..

this is the answer i guess all things are paid!

Still, I'd be willing to eat the cost of boards/components if we can get the chips refunded. That would still be the more profitable route at this point.

Steve, please weigh in and let us know our options.

OracionSeis

hero member

Activity: 756

Merit: 500

Quote from: Plazma on September 01, 2013, 01:28:07 PM

Are the boards fully payed. Do you keep the funds in btc or are they payed/converted. How much can we get refunded.

I asked him personally ;

Code:

Hi,
It's a bit late as i have paid for the components already..

this is the answer i guess all things are paid!

Plazma

full member

Activity: 224

Merit: 100

Are the boards fully payed. Do you keep the funds in btc or are they payed/converted. How much can we get refunded.

Henchman24

sr. member

Activity: 378

Merit: 250

As a batch 1 customer, I agree a refund seems like the best option at this point.

I just don't want that decision to cost Steve anything.

alchimista

full member

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Merit: 100

ars longa, vita brevis

Quote from: DobZombie on September 01, 2013, 08:39:16 AM

Steve, what's going on mate?

We doing refunds! Partial refunds?

Can we go half refunds! Half deliveries? Just so yo can still cover some of your initial outlay?

He has been connected yesterday, i think he's reading the topic and he is evaluating the possibilities. I understand it must be very complicated for him, dealing at the same time with factory (and expenses, orders) and customers (and new avalon refund policy).

OracionSeis

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We are fucked by Avalon i guess.. and no refund policies ... it has expired on 26th OF MONTH!

DobZombie

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Former curator of The Bitcoin Museum

Steve, what's going on mate?

We doing refunds! Partial refunds?

Can we go half refunds! Half deliveries? Just so yo can still cover some of your initial outlay?

dddbtc

sr. member

Activity: 490

Merit: 250

I would be in for a refund. Could a poll be added to the topic?

klondike_bar

legendary

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ASIC Wannabe

Quote from: DaGreatRV on August 31, 2013, 05:13:43 PM

It's always been a hobby for me, so I still want my ASICs, even if I won't make a net profit.
Though I can understand that for some of you it is pure business.
Anyway, I'd like my chips sooner rather than later. Roll Eyes

there is other equipment available now that has a better ability to make a profit, as well as the fact that the produced K16s will be marked waay down in the near future (think asicminer)

Im in a similar boat as you, but a refund would be faster and better to re-invest in a gen2 product

Topic: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED - page 24. (Read 100380 times)