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Topic: [Group buy] Avalon chips Escrow John K / Please check refund list until Sunday - page 22. (Read 51168 times)

legendary
Activity: 1470
Merit: 1000
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Other groups start process for full refund. There are groups with more then 60 days delay. With current difficulty trend any delay just killing the ROI. My suggestion is to go for refund after 2 weeks of delay there is no reason to wait more!

don't forget: if others get refunds, our chips will be delivered sooner! Wink
newbie
Activity: 16
Merit: 0
Other groups start process for full refund. There are groups with more then 60 days delay. With current difficulty trend any delay just killing the ROI. My suggestion is to go for refund after 2 weeks of delay there is no reason to wait more!
legendary
Activity: 1190
Merit: 1000
Marto, i am fear that our batch 2 will be refunded if other group choose to refund
Let's wait and see where is this going ...
For now I'm puting an order for the first batch of PCB's
Most of the components are already paid and reserved.
@the moment there is too much heat around here

Yeah, i really hope there is at least 1 batch left or the HEX16 will be end as my wall decoration  Smiley
hero member
Activity: 728
Merit: 500
Marto, i am fear that our batch 2 will be refunded if other group choose to refund
Let's wait and see where is this going ...
For now I'm puting an order for the first batch of PCB's
Most of the components are already paid and reserved.
@the moment there is too much heat around here
legendary
Activity: 1190
Merit: 1000
Marto, i am fear that our batch 2 will be refunded if other group choose to refund
sr. member
Activity: 265
Merit: 250
I mean I am open source dev and I actually have one of these bastards sitting on my laptop as I type this.  I should say I am okay with a no refund policy since my investment was so small.  Others may not agree however if they invested more.

Regards
sr. member
Activity: 376
Merit: 250
Agreed.. Here is a quote from zefir today...

Update: Endgame

With ASICMINER today announcing blades for as low as 3.5BTC, it appeared that Avalon chips that do not mine today are not going to break even any more. While those blades went already out of stock after some hours, the new price for mining rig is officially set. Essentially this means that if Avalon does not ship the remaining chips fully within the next two weeks, they become worth less than their shipping costs.

Driven by this event, today I was flooded with refund requests that built up a queue of ~2000 chips. I do not expect any takers for this and it is realistic to assume that there will be no further refunds.


I am sad to admit that I do not believe in a fast and complete delivery of the remaining batches. This stopped to be a game the moment this group-buy alone funneled $500k to Avalon. Although we have only a small set of 'no BS rules', we still have a written commitment to deliver in time as part of the ToS. With so many community members taking a loss directly or indirectly through Avalon failing to meet their schedule, we (together with other customers) need to consider taking serious actions to end this tragedy.

At this stage our options are as follows:
  • A. sit and wait
    That was my tactics so far, assuming that civilized and respectful behavior will ensure to get our chips as fast as possible. This in fact might have been the reason why so far our group-buy got more chips than others, at the same time with a delivery of one batch per month our last will arrive mid 2014 - ready for re-direction to the Bitcoin museum Sad
  • B. demand full refund
    The majority would be fine with getting their invested coins back and let this chapter pass into oblivion. According to Avolon's ToS, there will be no refunds. But if they really care about Bitcoin and its community and realize how much harm they caused to so many of us, they might consider playing fair and send us the coins back. This implies that you do not want your chips any more.
  • C. negotiate for compensation
    While refunding all orders might exceed Avalon's capabilities, they might prefer offering a compensation in form of free chips or free upgrades to next-gen ones. This implies you would like continue dealing with Avalon.
  • D. legal action
    Leave the polite arena and sue them into ground; make an example of them and put an end to the pre-order madness in Bitcoinland. This implies you are willing to throw more good money after the bad - for a very limited expectation. Your money would feed some poor lawyers and Avalon if needed will declare bankruptcy (they said they do not control the collected funds any more).

I personally will approach Avalon with options B and C for now and consider combining forces with other group-buy organizers for D if we do not hear back within a reasonable time-frame. If you have a different opinion you'd like to share, please do so either here or via PM.


I agree with you voxelot, with difficulty pilling up so high we don't have any other choice but I don't know how other members think on there ROI calculations. waiting for there response on this.
sr. member
Activity: 265
Merit: 250
Agreed.. Here is a quote from zefir today...

Update: Endgame

With ASICMINER today announcing blades for as low as 3.5BTC, it appeared that Avalon chips that do not mine today are not going to break even any more. While those blades went already out of stock after some hours, the new price for mining rig is officially set. Essentially this means that if Avalon does not ship the remaining chips fully within the next two weeks, they become worth less than their shipping costs.

Driven by this event, today I was flooded with refund requests that built up a queue of ~2000 chips. I do not expect any takers for this and it is realistic to assume that there will be no further refunds.


I am sad to admit that I do not believe in a fast and complete delivery of the remaining batches. This stopped to be a game the moment this group-buy alone funneled $500k to Avalon. Although we have only a small set of 'no BS rules', we still have a written commitment to deliver in time as part of the ToS. With so many community members taking a loss directly or indirectly through Avalon failing to meet their schedule, we (together with other customers) need to consider taking serious actions to end this tragedy.

At this stage our options are as follows:
  • A. sit and wait
    That was my tactics so far, assuming that civilized and respectful behavior will ensure to get our chips as fast as possible. This in fact might have been the reason why so far our group-buy got more chips than others, at the same time with a delivery of one batch per month our last will arrive mid 2014 - ready for re-direction to the Bitcoin museum Sad
  • B. demand full refund
    The majority would be fine with getting their invested coins back and let this chapter pass into oblivion. According to Avolon's ToS, there will be no refunds. But if they really care about Bitcoin and its community and realize how much harm they caused to so many of us, they might consider playing fair and send us the coins back. This implies that you do not want your chips any more.
  • C. negotiate for compensation
    While refunding all orders might exceed Avalon's capabilities, they might prefer offering a compensation in form of free chips or free upgrades to next-gen ones. This implies you would like continue dealing with Avalon.
  • D. legal action
    Leave the polite arena and sue them into ground; make an example of them and put an end to the pre-order madness in Bitcoinland. This implies you are willing to throw more good money after the bad - for a very limited expectation. Your money would feed some poor lawyers and Avalon if needed will declare bankruptcy (they said they do not control the collected funds any more).

I personally will approach Avalon with options B and C for now and consider combining forces with other group-buy organizers for D if we do not hear back within a reasonable time-frame. If you have a different opinion you'd like to share, please do so either here or via PM.

legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
I suppose refunds of a group buy are nearly impossible: every costumer needs to agree with the refund.
And a lot of people already made investments (boards, cables, etc)

Unless... Avalon offers partial delivery to group buys.
sr. member
Activity: 265
Merit: 250
Yufi is making refund forms.

I vote for refund... dddbtc you are welcome for the BTC0.032 donation i gave to for buying your chip order for 32 @ BTC0.086.

I expect a return of BTC from marto74 if he votes for a refund and receives one.

Regards
newbie
Activity: 2
Merit: 0
Is there any available chips from FIRST BATCH ?
I need 4 chips. PM me if you have.
sr. member
Activity: 490
Merit: 250
Code:
I, dddbtc, hereby transfer ownership of an additional 16 avalon chips from Order #34 in marto74 batch #1 to voxelot in exchange for TxID 5bfed2ffe15010c738cb0504f3a53423e6290d452177ce1442611efbb8ae5501

I wish him best of luck during the prototyping process for the Klondike K16 board!

Code:
IDkjsmGLu8qZbqPTbM3DZ84tkgoikEedB75zJMPBUsUCm1xlo0Ans0lYeXZ5r03+himfXhOgbXg0oNTSqP0x0cA=
sr. member
Activity: 490
Merit: 250
Code:
I, dddbtc, hereby transfer ownership of 16 avalon chips from Order #34 in marto74 batch #1 to voxelot in exchange for TxID 3f8809159732eae0f193644ea278fa2b7ac3c9f61abf4e6646c28a279e11db0d

I wish him best of luck during the prototyping process for the Klondike K16 board!

Code:
ICkw0zKb//4xydScZdpnvBU6IeeGM/3Ejj2Zivx5lyAFysM1W4bsHGLk0mFF/cot/Ra1a2byAkpvopqvYUOoz/A=
sr. member
Activity: 265
Merit: 250
My hopes have led me to purchase 32 chips from dddbtc... He will be posting the transfer info when it clears... Thanks for the work here in this group buy.

Lets see those chips!

Regards
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
30 sample chips  from batch 1 received here.
Got info from Zefir and bizwoo that sample chips for batch 2 are received too.
Let's hope Avalon will ship soon.

that's what we're all hoping Cheesy

when the chips arrive, can you start assembling them immediatly? Or do you need to wait for boards?
hero member
Activity: 728
Merit: 500
30 sample chips  from batch 1 received here.
Got info from Zefir and bizwoo that sample chips for batch 2 are received too.
Let's hope Avalon will ship soon.
newbie
Activity: 55
Merit: 0
Looking to buy 48 more chips.
Anyone selling?
sr. member
Activity: 490
Merit: 250
I may be interested in selling as well:

https://bitcointalksearch.org/topic/m.2885052

246chips marto74 batch #1
newbie
Activity: 6
Merit: 0
I'm looking to buy ~100 chips, please send your offers!
hero member
Activity: 698
Merit: 500
Quote
7*                                      1108(was 1300)       110.5                     173Qmir9hTmvkb3Cmvgj78AV2CjL5azZYS
7*                                        176                       ------                     1L8eV6zNq2MA4tH7oamzVvcsUrgPd3U2uh
7*                                          16                       ------                     1Q9GGr3mSoEGfXU5rqwDKRqJm71GmnGGvG

Code:
I gave 16 of my 1124 chips to http://bitcoinbg.eu/forum/memberlist.php?mode=viewprofile&u=91 link to trade offer http://bitcoinbg.eu/forum/viewtopic.php?f=15&t=204 buyer BTC address is 1Q9GGr3mSoEGfXU5rqwDKRqJm71GmnGGvG

signed jkminkov, 173Qmir9hTmvkb3Cmvgj78AV2CjL5azZYS

Code:
HGEtsxJOIVRAhc/e7ioNs9fvUaPDFkY52Gzc9W//1a4N5oE0wCZn6LSZVvurkAJZYGe7VCt3eKt+nW3Bvn/K22I=
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