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Topic: Incoming Avalon News 8/9/2013 - page 65. (Read 186720 times)

legendary
Activity: 2674
Merit: 1083
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August 12, 2013, 07:24:20 AM
Maybe its customs from Taiwan to China because the chip foundry is in Taiwan?


Looks like TSMC has fab #10 in Shanghai which was established a while back.  Interesting to note the 135 boxes were also shipped direct from Shanghai (PVG) Pudong International Airport to Hong Kong (HKG), so it's a mystery where the customs holdup might be.

---
“Established in Taiwan in 1987, TSMC is the world’s first and largest dedicated foundry,” said Dr. FC Tseng, deputy chief executive officer of TSMC and chairman of TSMC (Shanghai). “We see China as a market with great potential for both our customers and TSMC. To that end, we set up TSMC (Shanghai) two years ago and initiated construction of a world-class facility in Songjiang, Shanghai. Our first eight-inch wafer fab began volume production this quarter and the fab welcomes new business,” added Dr. Tseng.
---


Interesting info. But maybe the shanghai TMSC isnt producing such old chips? I mean its a new foundry...

Anyone tried contacting him through one of these channels:

Contact 2: Yifu Guo
Email: [email protected]
Phone: 347.370.9069
Skype: yifu.guo

Yes, he wont allow your skype account, calling wont be taken and so on...
sr. member
Activity: 420
Merit: 250
August 12, 2013, 07:09:12 AM
TL;DR, what was announced?
Comms breakdown due to extortion threats.

Chips in customs.

2 more weeks >_>

And he also announced he is not dead. yet   Grin
When millions of bucks are on the line, you takes your chances. I would be hiding if I were Yufi, then again I wouldn't take pre-order (crowd funding) money either, lets face it all sorts of criminals might want a piece of the ASIC pie.


What, scams in Bitcoin, a made-up currency where people selling dreams can make bank?  NAH! Cheesy
member
Activity: 103
Merit: 10
August 12, 2013, 06:03:19 AM
From their website:

Quote
It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.
We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

lol if you gonna quote, at least quote the important part that matters, hint: there's another page.


when you refund my btc????when!
erk
hero member
Activity: 826
Merit: 500
August 12, 2013, 03:01:32 AM
TL;DR, what was announced?
Comms breakdown due to extortion threats.

Chips in customs.

2 more weeks >_>

And he also announced he is not dead. yet   Grin
When millions of bucks are on the line, you takes your chances. I would be hiding if I were Yufi, then again I wouldn't take pre-order (crowd funding) money either, lets face it all sorts of criminals might want a piece of the ASIC pie.
sr. member
Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
August 12, 2013, 02:45:02 AM
TL;DR, what was announced?
Comms breakdown due to extortion threats.

Chips in customs.

2 more weeks >_>

And he also announced he is not dead. yet   Grin
sr. member
Activity: 252
Merit: 250
August 12, 2013, 02:40:59 AM
TL;DR, what was announced?
Comms breakdown due to extortion threats.

Chips in customs.

2 more weeks >_>
hero member
Activity: 784
Merit: 1000
August 12, 2013, 02:26:34 AM
TL;DR, what was announced?
hero member
Activity: 624
Merit: 502
August 12, 2013, 02:25:42 AM
Anyone tried contacting him through one of these channels:

Contact 2: Yifu Guo
Email: [email protected]
Phone: 347.370.9069
Skype: yifu.guo
member
Activity: 83
Merit: 10
August 11, 2013, 10:16:17 PM
Yifu's words, from his reddit AMA, 10 months ago. Perhaps some of this is relevant?

What do you think of your competitor, Butterfly Labs?
I view them as a major competitor, all FUD and other uncertainties aside here's what I think

  • It is completely possible for them to produce the specs they are advertising from a technical standpoint.
  • I view their shipping delay as a major underestimation as they simply took too many orders and is currently overwhelmed. This hurt their PR very much as when it comes to ASICS, timing is everything.[Emphasis author's.]
  • Where we only release 300 with a very confident promise on delivery date.
  • They have responded to our 60gh/s by bumping their specs. I believe competition is good for the customers, but now let's see if they can keep up. Avalon have more things we've yet to release.

I believe in continuing the trust I've build up with my old customers....


Unanswered question from that thread:

What experience do you have in the past in developing ASICs from the technical side (e.g. design of the chip itself)? What experience do you have in the past in developing ASICs from the business side (e.g. knowing what manufacturer to use, etc)?

How are you now head of operations? I thought nzhang was in charge and he had some professor who was uber smart helping him along with a Chinese team.
What you said is correct.

he is in charge of all the technical development, I suppose I shouldn't have used such misleading title as we don't have really have a corporate structure in this project. but if you want to look at it, he is CTO and I'm more of a CFO/COO person.
sr. member
Activity: 378
Merit: 250
August 11, 2013, 07:30:29 PM
I think the group buy leaders need to come together in a single thread and gather a list of questions for avalon to answer.

Am really not impressed with Avalon dumping the news and not sticking around to answer a few questions..

Like were are those HK chips??

Lets face it this ain't a few $$$'s were talking about...

Lets see some shipping and tracking info... Shocked

+100%
sr. member
Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
August 11, 2013, 07:29:20 PM
I think the group buy leaders need to come together in a single thread and gather a list of questions for avalon to answer.

Am really not impressed with Avalon dumping the news and not sticking around to answer a few questions..

Like were are those HK chips??

Lets face it this ain't a few $$$'s were talking about...

Lets see some shipping and tracking info... Shocked
full member
Activity: 177
Merit: 100
August 11, 2013, 06:27:50 PM
Maybe its customs from Taiwan to China because the chip foundry is in Taiwan?


Looks like TSMC has fab #10 in Shanghai which was established a while back.  Interesting to note the 135 boxes were also shipped direct from Shanghai (PVG) Pudong International Airport to Hong Kong (HKG), so it's a mystery where the customs holdup might be.

---
“Established in Taiwan in 1987, TSMC is the world’s first and largest dedicated foundry,” said Dr. FC Tseng, deputy chief executive officer of TSMC and chairman of TSMC (Shanghai). “We see China as a market with great potential for both our customers and TSMC. To that end, we set up TSMC (Shanghai) two years ago and initiated construction of a world-class facility in Songjiang, Shanghai. Our first eight-inch wafer fab began volume production this quarter and the fab welcomes new business,” added Dr. Tseng.
---
legendary
Activity: 2198
Merit: 1000
August 11, 2013, 06:07:21 PM
I really can't believe my eyes seeing people jumping into "replace non-delivered gen #1 with gen #2" business.

I think its not the best idea too since even when they are delivered in 2 months and the GH is half the price of a GH of gen1 you would make an even worse trade since the difficulty will then be 150 to 200 percent higher which means you would have less than before.

That depends on spec doesn't it? I may have missed something here. Has that been confirmed?

No info as far as i read, i only took the "half price" from the other companies that seems to have their offers in that range.

Do you believe the chips are stuck in customs?

maybe I'm wrong, but if anything stuck on customs, it is usually in the country of receiver.

Maybe its customs from Taiwan to China because the chip foundry is in Taiwan?

This company has existed only since 6-13-2013?  What?!?

http://www.compinfo.info/hk/1927648/UNI-GLORY_INTERNATIONAL_LOGISTICS_CO.,_LIMITED

Im not sure what this means. I hope not that its one of the companies that constantly crash and rebuilt their own company under a new name to prevent being reached by the law. German customs often have problems with copyright infringing companies at trade shows. If they have reached something against a company this company doesnt exist anymore but instead a company with nearly the same name, the same products and the same people inside.
unless im reading it wrong it appears they are in Hong Kong?
EDIT: I do realize Hong Kong is part of China tho Smiley
legendary
Activity: 2198
Merit: 1000
August 11, 2013, 06:03:41 PM
customs? lol
I doubt that photo was taken at the customs office
http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500

Yo guys, the tracking number IS on these boxes, under the Airway Bill number;

http://www.track-shipments.com/track-trace.aspx?pref=AWB&awbno=87150508076

Click "To English" and the tracking number is 87150508076

Doesn't give much information, but it shows that it left on June 25th and there are 135 Pieces.



Looks like they landed in Hong Kong and received at  UNI-GLORY INTERNATIONAL LOGISTICS CO., LIMITED   whatever that is???



This company has existed only since 6-13-2013?  What?!?

http://www.compinfo.info/hk/1927648/UNI-GLORY_INTERNATIONAL_LOGISTICS_CO.,_LIMITED

ya I had noticed that start up date for them,,,just in a nick of time for the chips to arrive??? hmmmm somtin smells fishy here...lol
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
August 11, 2013, 05:51:20 PM
I really can't believe my eyes seeing people jumping into "replace non-delivered gen #1 with gen #2" business.

I think its not the best idea too since even when they are delivered in 2 months and the GH is half the price of a GH of gen1 you would make an even worse trade since the difficulty will then be 150 to 200 percent higher which means you would have less than before.

That depends on spec doesn't it? I may have missed something here. Has that been confirmed?

No info as far as i read, i only took the "half price" from the other companies that seems to have their offers in that range.

Do you believe the chips are stuck in customs?

maybe I'm wrong, but if anything stuck on customs, it is usually in the country of receiver.

Maybe its customs from Taiwan to China because the chip foundry is in Taiwan?

This company has existed only since 6-13-2013?  What?!?

http://www.compinfo.info/hk/1927648/UNI-GLORY_INTERNATIONAL_LOGISTICS_CO.,_LIMITED

Im not sure what this means. I hope not that its one of the companies that constantly crash and rebuilt their own company under a new name to prevent being reached by the law. German customs often have problems with copyright infringing companies at trade shows. If they have reached something against a company this company doesnt exist anymore but instead a company with nearly the same name, the same products and the same people inside.
hero member
Activity: 746
Merit: 502
Looking for advertising deal
August 11, 2013, 05:43:55 PM
We don't know if there are any chips at any customs. No proof for it was ever provided.

Customs story is really unimportant, since only a small amount of chips is allegedly being there, and they are held for two weeks. Large majority of chips never had customs problems and are late much more than this minority (allegedly) spent in customs. So forget about the customs, they are not the problem - Yifu is.

On top... the chips are in customs only 2 weeks. That means he is 3 weeks late already on top. So no, the customs are not the problem.

and the picture of chips is over 1 month old
http://regex.info/exif.cgi?imgurl=http%3A%2F%2Fthegenesisblock.com%2Fwp-content%2Fuploads%2F2013%2F07%2Favalon1.jpg%3Fw%3D580

hmm I just wonder if lying to your customers about their order status, if proven can be treated as a crime?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
August 11, 2013, 05:41:03 PM
We don't know if there are any chips at any customs. No proof for it was ever provided.

Customs story is really unimportant, since only a small amount of chips is allegedly being there, and they are held for two weeks. Large majority of chips never had customs problems and are late much more than this minority (allegedly) spent in customs. So forget about the customs, they are not the problem - Yifu is.

On top... the chips are in customs only 2 weeks. That means he is 3 weeks late already on top. So no, the customs are not the problem.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
August 11, 2013, 05:36:47 PM
full member
Activity: 177
Merit: 100
full member
Activity: 177
Merit: 100
August 11, 2013, 05:18:20 PM
customs? lol
I doubt that photo was taken at the customs office
http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500

Yo guys, the tracking number IS on these boxes, under the Airway Bill number;

http://www.track-shipments.com/track-trace.aspx?pref=AWB&awbno=87150508076

Click "To English" and the tracking number is 87150508076

Doesn't give much information, but it shows that it left on June 25th and there are 135 Pieces.




PVG = Shanghai Airport


Just FYI,  TSMC FAB #10 is also located in Shanghai

TSMC, Fab 10
4000, Wen Xiang Rd., Songjiang,
Shanghai, China

Supposedly Avalon has chips directly shipped from TSMC Foundry according to the NO Bullshit No fine print terms of sale.    If groupbuy chips actually were stuck in customs, he certainly should have given a heads up to Steamboat, Zefir, and Sebastian.  Instead he chose radio silence.
After users supposedly started filings with FBI, Interpol, he mysteriously shows up and says he just got back from a flight.  Yeah, ok.
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