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Topic: [Group Buy] Avalon ASIC Chips (SebastianJu) Batch 6 ordered (Closed) - page 9. (Read 125330 times)

legendary
Activity: 1190
Merit: 1000
Alright guys, got some good news, here's the two big ones.

1. chips from wednesday arrived just fine, they are being split/packaged for shipment.
2. we are going to open refund for all orders, not just june 1st/15th or what not.

expect more detailed update via newsletter later tonight.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Sebastian, you can simply put remaining chips from whichever batch on auction when they arrive and pay refunds from the coins you get.
Although I received a refund, I still have a paid board assembly order and still would like to buy chips (physical chips, not Yifu's promises!).

I doubt people will want to risk their chips getting auctioned off at a 25% (or how much will they be worth?) cost of their investment just because they were left in a half batch?
Or will you front the 50% of the 780BTC it will cost to start the auction with 5000 chips in stock?

Well, at least they'll have their chips sold at market price or higher if they don't want them anymore. This is the optimal solution as long as they are minority in the batch and can't vote for refund.
BTW, it seems strange to me that Batch 6 buyers have been refunded although it's only 8 weeks since the order!

Since it was clear that a not small number of chips wanted to be kept it wouldnt matter if batch 6 members are included or not. If they wouldnt be able to take part it could have happen too that we now are at 3 batches refunded only. And it could have happen too that only 6000 chips wanted to be kept at the end. We are over 10000 at the moment which i didnt await but im glad i did it this way when so many chips should not have been refunded.

But like i wrote... bizwoo asked if i have chips over since he refunded all his batches and some of his customers arent happy not to receive chips now. I think thats a possibility.

I think i could do an auction for the chips that are wanted to be refunded but most probably cant get a refund. Only question is if the members would be happy with the price that comes from this or if it not be better to build miner and get more this way. But i didnt calculate such things in the last time.
By the way... we miss 2000 chips to be refunded now to get >5000. But it seems the batch is shipping soon, though i dont know why its not at status "Shipped".
sr. member
Activity: 476
Merit: 250
Sebastian, you can simply put remaining chips from whichever batch on auction when they arrive and pay refunds from the coins you get.
Although I received a refund, I still have a paid board assembly order and still would like to buy chips (physical chips, not Yifu's promises!).

I doubt people will want to risk their chips getting auctioned off at a 25% (or how much will they be worth?) cost of their investment just because they were left in a half batch?
Or will you front the 50% of the 780BTC it will cost to start the auction with 5000 chips in stock?

Well, at least they'll have their chips sold at market price or higher if they don't want them anymore. This is the optimal solution as long as they are minority in the batch and can't vote for refund.
BTW, it seems strange to me that Batch 6 buyers have been refunded although it's only 8 weeks since the order!
full member
Activity: 126
Merit: 100
Just another miner
Few days ago I left you trust rating Sebastian. I see it is your first one beside escrow jobs you did earlier.
Many BTC were involved in here so your trust rating should go sky high.  Cheesy

It is not the first, when I clicked to post trust for Sebastian few days ago I've seen only two escrows also. It seems that for some reason you can see only yours trust posts for certain user.

That is funny. Maybe bug in trust rating system?
sr. member
Activity: 294
Merit: 250
Sebastian, you can simply put remaining chips from whichever batch on auction when they arrive and pay refunds from the coins you get.
Although I received a refund, I still have a paid board assembly order and still would like to buy chips (physical chips, not Yifu's promises!).

I doubt people will want to risk their chips getting auctioned off at a 25% (or how much will they be worth?) cost of their investment just because they were left in a half batch?
Or will you front the 50% of the 780BTC it will cost to start the auction with 5000 chips in stock?
sr. member
Activity: 476
Merit: 250
Sebastian, you can simply put remaining chips from whichever batch on auction when they arrive and pay refunds from the coins you get.
Although I received a refund, I still have a paid board assembly order and still would like to buy chips (physical chips, not Yifu's promises!).
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley
Great!
How many batches will be covered by this order considering refunds?

We have one normal batch and the 6000 from batch 6 still on order. The stats are actually:

10637 keep
41754 refund
3609 undecided

So if the normal batch really ships now and batch 6 is still in lead time it might only be possible to find a buyer for chips. I heard other groupbuys members are wanting chips because the organizers refunded the batch and now cant get chips. And i got one request by pm and one in german thread. So a couple of chips maybe can change the owner this way.

The status didnt change since then.

So this is our batch 1, I hooe enough asked for a refund so my batch 2 order makes it in Wink

I think thats pretty sure.

A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley

YES! Finally you get to do what you've prepared to do so many months Smiley

Next question: What is the chip receiver order now? Is it the refund list with
chips wanted or original batch number, or something else?



The order is the order batch and order number. So everyone that was early in the groupbuy gets his chips early. If refunds happened before he moves forward in the list. I think thats the most fair way.
full member
Activity: 128
Merit: 100
Guys, the faster your ask for refund, the faster all of the rest members of the group buy will get it too.
legendary
Activity: 1974
Merit: 1077
Honey badger just does not care
Few days ago I left you trust rating Sebastian. I see it is your first one beside escrow jobs you did earlier.
Many BTC were involved in here so your trust rating should go sky high.  Cheesy

It is not the first, when I clicked to post trust for Sebastian few days ago I've seen only two escrows also. It seems that for some reason you can see only yours trust posts for certain user.
member
Activity: 92
Merit: 10
A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley

YES! Finally you get to do what you've prepared to do so many months Smiley

Next question: What is the chip receiver order now? Is it the refund list with
chips wanted or original batch number, or something else?

full member
Activity: 126
Merit: 100
Just another miner
Few days ago I left you trust rating Sebastian. I see it is your first one beside escrow jobs you did earlier.
Many BTC were involved in here so your trust rating should go sky high.  Cheesy
sr. member
Activity: 476
Merit: 250
So this is our batch 1, I hooe enough asked for a refund so my batch 2 order makes it in Wink
blo
member
Activity: 73
Merit: 10
A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley
Great!
How many batches will be covered by this order considering refunds?
legendary
Activity: 1190
Merit: 1000
A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley


Great news.
Thanks for the update sebastian  Smiley
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
A minute ago my email alarm ringed... the order page had changed... and i read one batch changed to "Prepare-shipping". Smiley
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I recibed my refound, lot of thanks for your work Sebastian. One question: Why I recibed 16.34 if i pay 17.2 B? What is the calculed metod? (this is not a reproach, just a question  Wink)

Thanks Again¡¡

The payout is 95% because of the great work he did must be honored somehow.

Ok, thanks for your reply... but, I ask again: 780 Bitcoins (avalon price for 10,000 chips) /10,000 = 0.078 B/chip. I paid 0.086 B/chip. I think that all the risk of the operation was in this difference. In 10,000 chips he won 80 B.... and again, this is not a reproach, just a question  Wink I really appreciate the Sebastian work¡¡¡

The difference between 0.078 and 0.086 was the 10%. I didnt refund 95% of 0.078 but of 0.086. So the 10% are changed to 5% for the refunded chips. So if you see it this way i hold 5% and paid back the 10%.
Or do you mean something different?

Funds received. Small tip your way as extra compensation for your efforts (you have mentioned that to be optional I know Smiley)

Thank you!
You have done your calculations wrong:
Your way= SumInBtc*0,95
Right way= 0,082*ChipsAmount.

Like example my case:
60*0,086= 5,16 BTC
1) 5,16*0,95=4,902 BTC (exact amount you have send)
2) (0,086-0,078)/2=0,004. 0,004*60= 0,24. 5,16-0,24=4,92 BTC.

By 5 batches:
50000*0,086*0,95=4085 BTC you will refund your way.
50000*0,082(=0,078+0,004)=4100 BTC

So you will profit 15*100€ = 1500€ more.

Quote
So the 10% are changed to 5% for the refunded chips.
So for refunded chips 10% are changed to 5,375% Cheesy

I don't really care about 0,018 BTC, just calculations =)

We are at 4 batches refund. One batch and batch 6 are still coming. The fifth batch is at 1506 chips that want to be refunded which is still a way to go till >50%. Except the batches arent delivered and batch 6 comes into the timeframe when we can ask for refund for it. Then we only need 3000 to break this. Of course the other groupbuy involved has to refund too.
The price per batch was 782.1btc with shipping. And the original fee wasnt exactly 10%, it was a bit less. I took it from zefir's GB. I didnt recalculate it but i think you divided the original fee through 2 in order to get 5%. But like i said the chip price was rounded. I only took the buying price from the groupbuy and paid out 95% like asked for.
full member
Activity: 250
Merit: 100
RockStable Token Inc
For those who are not cancelling, you have another option: condo ownership.

Centerus will build Avalon clone systems for housing your chips, ten in each card ("condo unit"), up to 32 cards in every box. Your chips will be controlled from your own instance of cgminer running in the box. You can connect your condo unit to your mining pool account.

The price for each condo unit has been drastically reduced to 0.9 BTC.

More details here:
https://bitcointalksearch.org/topic/condo-for-your-avalon-chips-price-drastically-reduced-189976

Place your order here:
http://centerus.com/products-page/condo/condo-unit/
full member
Activity: 453
Merit: 101
RISE WITH RAYS FOR THE FUTURE
I recibed my refound, lot of thanks for your work Sebastian. One question: Why I recibed 16.34 if i pay 17.2 B? What is the calculed metod? (this is not a reproach, just a question  Wink)

Thanks Again¡¡

The payout is 95% because of the great work he did must be honored somehow.

Ok, thanks for your reply... but, I ask again: 780 Bitcoins (avalon price for 10,000 chips) /10,000 = 0.078 B/chip. I paid 0.086 B/chip. I think that all the risk of the operation was in this difference. In 10,000 chips he won 80 B.... and again, this is not a reproach, just a question  Wink I really appreciate the Sebastian work¡¡¡

The difference between 0.078 and 0.086 was the 10%. I didnt refund 95% of 0.078 but of 0.086. So the 10% are changed to 5% for the refunded chips. So if you see it this way i hold 5% and paid back the 10%.
Or do you mean something different?

Funds received. Small tip your way as extra compensation for your efforts (you have mentioned that to be optional I know Smiley)

Thank you!
You have done your calculations wrong:
Your way= SumInBtc*0,95
Right way= 0,082*ChipsAmount.

Like example my case:
60*0,086= 5,16 BTC
1) 5,16*0,95=4,902 BTC (exact amount you have send)
2) (0,086-0,078)/2=0,004. 0,004*60= 0,24. 5,16-0,24=4,92 BTC.

By 5 batches:
50000*0,086*0,95=4085 BTC you will refund your way.
50000*0,082(=0,078+0,004)=4100 BTC

So you will profit 15*100€ = 1500€ more.

Quote
So the 10% are changed to 5% for the refunded chips.
So for refunded chips 10% are changed to 5,375% Cheesy

I don't really care about 0,018 BTC, just calculations =)
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I recibed my refound, lot of thanks for your work Sebastian. One question: Why I recibed 16.34 if i pay 17.2 B? What is the calculed metod? (this is not a reproach, just a question  Wink)

Thanks Again¡¡

The payout is 95% because of the great work he did must be honored somehow.

Ok, thanks for your reply... but, I ask again: 780 Bitcoins (avalon price for 10,000 chips) /10,000 = 0.078 B/chip. I paid 0.086 B/chip. I think that all the risk of the operation was in this difference. In 10,000 chips he won 80 B.... and again, this is not a reproach, just a question  Wink I really appreciate the Sebastian work¡¡¡

The difference between 0.078 and 0.086 was the 10%. I didnt refund 95% of 0.078 but of 0.086. So the 10% are changed to 5% for the refunded chips. So if you see it this way i hold 5% and paid back the 10%.
Or do you mean something different?

Funds received. Small tip your way as extra compensation for your efforts (you have mentioned that to be optional I know Smiley)

Thank you!
member
Activity: 77
Merit: 10
I want to sell my paid order.
16 bitburner XX and 1 bitburner X

https://bitcointalk.org/index.php?topic=287326.new#new

pm me if interested
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