Yea saw that... And looks like batch 2 VB customers might get the short end of the stick... At least based on his most recent post about it. Time will tell!
Thanks for reminding about that. Here is the story:
tl;dr: "This month" something might be announced.
This doesn't sound like "next week" so likely Batch 1 customers by that time will have mined more revenue than was the difference in price between the two batches. Which means that Batch 2 customers will be getting a worse deal unless their compensation is better (e.g. more hashlets per MH/s or more substitute hardware for those that don't convert).
I'm not a VB customer so it's hard to say for sure but I think I would be pissed that this timeline wasn't disclosed in advance. I would imagine that if this was known back when the original hashlet was still $16 some buyers would have asked for a VB refund to buy the hashlet. Which would have benefited GAW too, more $$$ per MH/s (batch 2 was less than $10 per MH/s).
https://hashtalk.org/topic/3973/batch-2-vb-updateI am being asked about batch two VB. Most the msgs are from folks that are frustrated we have not released them yet.
Please try to understand a few things. First, our obligation was to deliver AFTER the first batch and Q3/Q4. To date, we have over-delivered on everything we have ever done.
For example, many of you paid $16 for miners that are now well worth twice that. Some of you even paid less. When faced with a hard choice, we have always done the right by you.
Second, as batch 2 VB customers you are paying less then $10 a MH. I am not aware of any miner, that is currently shipping, that's even close to that price.
In short, it's perfectly reasonable that we have not activated them yet. We gave ourselves a window of time for a reason. It's taken time to get these chips to run reliably at the target power consumption.
Now, I activate batch one first for two reasons. First they put more money at risk with us. Second, the payouts for pools were rapidly declining at the time. I did not want anyone left without an ROI.
Plus I gave my word I would deliver before KNC
But, the rate that pool payouts are going down has slowed down, so the landscape has changed.
Please be patient, we are doing the best we can. Please also keep in mind that you can receive a full refund if your no longer wish to wait. I will be advising my staff to issue a refund, without approval, so you can get it promptly.
For those of you that have stayed patient, thank you. It makes this worth doing
https://hashtalk.org/topic/3973/batch-2-vb-update/36The industry standard is to deliver late, and not offer any refunds. I am proud that we are well ahead of that curve. And we will continue to keep the lead we have set in the industry.
GAW will deliver VB Batch 2 orders within the time frame that was outlined with your purchase. We will follow through our commitment.
I have outlined our reasons above and stand firm in firm in our promise to do all we can, like we always have.
You may cancel your order at anytime by calling or emailing our support team.
I also see that Corne was kind enough to offer an out of this world alternative. Which means no matter what option you choose, your getting more out of it, then you put in.
We will provide an official status update this month.
