Topic: [Group Buy#1] Avalon ASICs CHIPS! Using JohnK as escrow! FINISHED! - page 28. (Read 150608 times)

updated sheet.

refund for my 49.x chips please.

FFS. My BFL jala is alledgedly "in the post" and if I do get it before the next difficulty change, I'll be making a whopping 0.03 BTC per day. These chips were supposed to help x4 that so at least it was worth keeping the rigs going. And the real kicker. I paid for that fucking jala with 9 btc when they were at 20 USD / each. I know I'm only venting but if the difficulty should never rise, then it would take just 300 days of free electric to get break even. Screw that fucking calculator at http://www.bitcoinx.com/profit/ ... but I guess I'm as guilty as anybody else thinking "w00t free money".

FML. I guess everybody want ga ga over the fact that Jeff managed to get the first known working Avalon ASIC when (how many??) other competitors just didn't deliver so it was only predictable this was going to be a train wreck meets car crash when there are so many parties involved that just aren't experienced in dealing with this kind of volume.

Anyway. Rant over.

Can anyone tell me what happened to the ASICs that were created that someone took pics of and plastered that on the net ??

He brought it on himself. He was oh-so-smug about BFL's debacle and missed deadlines. He writes up this big "No BS" contract, promises something he probably KNEW he wasn't going to be able to deliver, fails to deliver, and rather than giving updates, he disappears on us for WEEKS.

Then one day shows up out of the blue, promising "Updates", which really amounted to nothing more than excuses and a BS story about disappearing due to opsec reasons. He expected to be treated as some messiah, and genuinely seems clueless as to why he wasn't hailed as a savior simply for turning back up with some weak excuses and no solutions to how bad he's fucked so many people.

He proceeds to give no real updates on progress of chip orders, people keep insisting on updates, he then loses his shit and tells us we're all just "Greedy" for wanting him to deliver on his promises. Threatens to disappear again, mumbling something about his "chi". A week later, still refuses to get his shit together and just come up with actual solutions already.

He's been given benefit of the doubt, after benefit of the doubt, after benefit of the doubt, and he continues to piss in our faces.

I agree that he's probably in over his head, but this was all COMPLETELY avoidable. He had COUNTLESS opportunities to mend fences, and he keeps passing them by. Even now, if, as many people have said, he were willing to give partial refunds or more chips to compensate lost ROI based on delayed delivery, he would be able to mend fences with a LOT of people, but he chooses to cower in the corner like a little bitch, rather than man up, present a plan, and move on.

He's done (and continues to do) it to himself. No sympathy. It's not hard to come up with a solution. There's an entire community offering ideas to him. He just needs to sack up and pick one, and move forward. Doesn't even require much brainpower or time on his part; it's been handed to him on a silver platter.

At this point, I'm almost prepared to vote against taking a refund (settlement), and suggest dragging his cowardly ass into court instead. Ragin might deserve to find himself on the defendants list too, at this point, based on his erratic and cowardly actions prior to this point, but the delivery aspect was one that was actually out of his control, so he's actually probably getting off pretty easy...

He's avoiding us 'cuz we're messing with his chi.   

I do feel bad for the kid. What happened was probably beyond his control, and now there's a forum of thousands of people spewing hate and vitriol toward him. Can't be a nice feeling.

Interesting. Perhaps he's softening up then. He had originally stated that he had no interest in doing that. Hard to keep track of what that nutjob is up to. He says one thing, then disappears, ignores 90% of all questions, takes 1-2 pot shots at people, and then disappears again. Seems that refunds are actually starting to come through for those requesting them, so that's a plus. Too bad he insists on being so erratic and out of touch... Much like the "organizer" of this group buy...

I vote refund

Emphasis mine.

Yifu mentioned only one option. That was a refund now, with the possibility of re-purchasing at a discount later. All other options were suggested by others, and rejected by Yifu.

If there were Avalon chips available for a discount I'd be all for it.  I just haven't seen that option aside from one or two offers from group buyers.  That's why I said earlier that it would be nice to see what compensation options Yifu mentioned might be available.

Ahh, gotcha. I was reading that as tallying results of total votes, not tallying votes against the total order. Makes sense now. My mistake.

I vote for refund. I think, guys who want to wait for shipment would be better off taking refund and buying Avalon chips at a discount, better chances at ROI that way.

no, they are just different statistics. unless I'm missing what you're saying. of course you know my vote

It should be clear where I stand already.  85 chips. Hell yes to refund.

P.S. Both of your vote results indicate "yea" votes. Freudian slip? 

updated.

I'll pm the top 10 buyers who haven't answered...

Noitev - this is awesome

I think ecliptic is certainly a "yes to refund" at this stage - ecliptic, please confirm

I'm a "yes to refund" - 40 chips

EDIT - PMing you this so that you're not trawling the thread any more...

I updated the votes from in thread votes (or tried to) please pm me if something is wrong or I didn't get your vote. thanks.

https://docs.google.com/spreadsheet/ccc?key=0AgUjqeXz2DTUdHRLZ3NkdHZBa21yeWppOWlCakszOUE&usp=sharing

PM ME TO VOTE

Since this has turned into bickering, let's please do a vote. pm me your chip amount and vote for a refund or not. I'll post a google doc later with the votes.

Hey wrenchmonkey; I agree that some of the investment may be emotional, but it could be hobbyist as well, and there's value in that too.

Bitsyncom mentioned some other kinds of compensation.  It may be nice to hear what's on the table.

No it's not. 100% of chip cost, and AT LEAST 50% refund for assembly costs is what you're guaranteed. If you've pre-paid for assembly, you need to get a refund of the labor side of things, and then take delivery of the parts, which you can in turn sell, or use, however you see fit. The labor was 66% of the price most assemblers charged, so you're eligible for that much, since the labor wasn't performed. The parts were $30 per 16 chips, whereas chips were roughly $11 each. Making parts cost only $1.87 per chip, in hardware costs.

The PCB will probably not be useful for much, but it is what it is. All of the components should still be in sellable condition, so you should be able to recover MOST of your costs except for the cost of the PCB...

Face it. Your losses are going to be bigger if you don't take the refund. The only reason to refuse a refund is your emotional investment (ie; sunk cost fallacy).