Incoming Avalon News 8/9/2013 - page 76.

Bitcoinorama

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Quote from: driksson on August 09, 2013, 05:08:16 PM

Quote from: ?? on ??

This is the account where the coins from chip orders have gone:
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU?offset=0&filter=0

Judging from the balance, that's about 3.036 pcs of full Avalons worth of chip orders.
What's interesting here is that I don't see any outgoing payments from this account.
Meaning, the chip orders to TSMC must have been paid from other sources.

So, basically Bitsyncom -could- refund all chip orders if they had to, as they are still holding all the funds.
Maybe I'm wrong, this is just my view of the situation.

My point exactly. Refund the groupbuys or whoever made an order with them.. But what do you mean 3.036? there's hundreds of thousands of chips ordered..

Millons. Apparently at least 2.1 million existed and were in Bitsyncom's possession in June. This ame from a BTCman thread in June, the link is below. I don't speak Chinese, but it was from a disenchanted designer in Bitsyncom that claimed with solid photographic evidence 2.1 million chips worth 14.7 million USD existed, ready to ship.

From Aiwill four days ago; https://bitcointalksearch.org/topic/m.2868479

Hello everyone...er... Hello every shareholder,

About that "big news" regards to Avalon:

From a thread at btcman.com that was posted by a ID called "gridchip" last month, we (incl. all btcman`s members) can sure that Avalon team do have a big discord inside. It was written in chinese and need to register&login to read ,so I d prefer not giving the link here (all chinese shareholders can find it at "比特币挖矿区" board) However, I hardly believe the rest of this news is real.

I believe this is the link;

http://www.btcman.com/bbs/forum.php?mod=viewthread&tid=4621&extra=page%3D1&page=4

Do we have anyone here that can join and read through the Chinese forum and tell us what's up?

What does it say?

driksson

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Activity: 294

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Quote from: ?? on ??

This is the account where the coins from chip orders have gone:
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU?offset=0&filter=0

Judging from the balance, that's about 3.036 pcs of full Avalons worth of chip orders.
What's interesting here is that I don't see any outgoing payments from this account.
Meaning, the chip orders to TSMC must have been paid from other sources.

So, basically Bitsyncom -could- refund all chip orders if they had to, as they are still holding all the funds.
Maybe I'm wrong, this is just my view of the situation.

My point exactly. Refund the groupbuys or whoever made an order with them.. But what do you mean 3.036? there's hundreds of thousands of chips ordered..

driksson

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Activity: 294

Merit: 250

Bitsyncom,

Thanks for the update. It is appreciated, but around 20 weeks to late (proper project management will know if development will take twice the time, or remain on time, at least half the time in development)
I have made a poll, where the forum members can decide what you should do to regain the trust for future products:
https://bitcointalksearch.org/topic/pollvote-what-should-avalon-do-with-our-past-due-orders-270897

MinermanNC

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Quote from: notlist3d on August 09, 2013, 04:30:14 PM

Sigh..... how does a company so knowing about components and sending them through customs make such a big mistake.

Some areas require less customs, many great stories on how companies have shipped electronic parts. How did Avalon not at least use smaller boxes.... ship on multiple days.

Ship a ton of electronic components in big boxes, on the same day I'm guessing. Is asking for a delay in customs. And once they go there its hard to tell how long it will be.

Good point, agreed. Thats probably about the "size" of it. No pun intented Shocked

ecliptic

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Quote from: Vigil on August 09, 2013, 04:08:49 PM

Quote from: bitcoiner49er on August 09, 2013, 04:07:13 PM

Quote from: Vigil on August 09, 2013, 03:54:04 PM

Thank You for thinking about this critically. The chips were made. Who has them and why don't we? There only so many possibilities. They were either stolen, bought by a higher bidder, they are not held up in customs (complete BS story), are intentionally being held back by Yifu only and have not gone out to anyone, or are being held up by Yifu and "others".

Where do you (collective) think the 20% increases have been coming from?

Let me ask you something pendejo, where do you think the 20% increases have been coming from?

BFL? ASICMiner?

AM is bringing either 262 TH/sec or 900 TH/sec up this year.

BFL has something between 200 and 1000 TH/sec in preorders to ship, which they have been doing, slowly.

notlist3d

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Sigh..... how does a company so knowing about components and sending them through customs make such a big mistake.

Some areas require less customs, many great stories on how companies have shipped electronic parts. How did Avalon not at least use smaller boxes.... ship on multiple days.

Ship a ton of electronic components in big boxes, on the same day I'm guessing. Is asking for a delay in customs. And once they go there its hard to tell how long it will be.

ibminer

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Goonies never say die.

You know the nearer your destination, the more your slip slidin' away... Cool

PuertoLibre

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Quote from: miter_myles on August 09, 2013, 04:20:02 PM

Your kung fu is weak!

Quote from: Kushedout on August 09, 2013, 04:21:03 PM

Quote from: SoggyLettuce on August 09, 2013, 04:18:58 PM

Obviously this thread has gone to shit pretty quickly but I think we can all agree on one thing.

Fuck Yifu's business practices.

We can now lock this thread!

I just Inaba'ed this thread!

Teka

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Activity: 840

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I've only just realized that I dodged a bullet yesterday when I decided not purchase a group buy order from another user. Yifu has a lot of questions to answer and I bet that once again he will disappear for a few days. I feel sorry for people like Sebastian who put a lot of effort into organizing group buys and had to answer question for YIFU.

tiros

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Activity: 126

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Just another miner

Quote from: pajak666 on August 09, 2013, 02:32:11 PM

Quote from: SebastianJu on August 09, 2013, 01:28:42 PM

I thought about sueing avalon but it would be pointless. The time the judge made his decision the chips are worth zero. So we are at some point at the mercy of Yifu. Of course if all is lost and he not even wants to pay a refund we have to sue him.

Admit it that you are afraid, community would provide you all needed funds to hire best lawyers and stuff.
Who cares about the chips, there is many more mirrions to be won at court
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU
Remember it? the "I don't control that" address.
There are some serious money to be taken, and if this thing would go public we would possibly achieve a deal breaker for Ex-banker (Phoenix) and chinese liar (Yifu).
The investor wouldn't trust such a scumbag if it goes public and he would be aware who he is going to take care of his investment.
Yifu deserves it, so the whole bitcoin community to stop this preorder madness.

Putting and thinking revenge in business isn't a good path, and being stubborn as a child is even worse.
I won't be suing as it is pointless, waste of time and waste of money.

Kushedout

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SaluS - (SLS)

Quote from: SoggyLettuce on August 09, 2013, 04:18:58 PM

Obviously this thread has gone to shit pretty quickly but I think we can all agree on one thing.

Fuck Yifu's business practices.

We can now lock this thread!

miter_myles

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SoggyLettuce

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Obviously this thread has gone to shit pretty quickly but I think we can all agree on one thing.

Fuck Yifu's business practices.

Xian01

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Christian Antkow

Quote from: ?? on ??

http://dc456.4shared.com/img/HlSC1ozC/s3/creepy-performance-art.gif

Dude... WTF man ?!

sasadjak

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Quote from: Bitcoinorama on August 09, 2013, 02:14:55 PM

Were Bitsyncom in possession of 2+ million chips as of the end of June, with photographic proof including that of the Airway Bill and Tracking number to substantiate such a claim?
Yes.

No, (24big box) x (6 small box) = 144 small box x 2600 chips = 374.400 chips ---> cca 130 TH

Vigil

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Quote from: bitcoiner49er on August 09, 2013, 04:07:13 PM

Quote from: Vigil on August 09, 2013, 03:54:04 PM

Thank You for thinking about this critically. The chips were made. Who has them and why don't we? There only so many possibilities. They were either stolen, bought by a higher bidder, they are not held up in customs (complete BS story), are intentionally being held back by Yifu only and have not gone out to anyone, or are being held up by Yifu and "others".

Where do you (collective) think the 20% increases have been coming from?

Let me ask you something pendejo, where do you think the 20% increases have been coming from?

bitcoiner49er

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Activity: 457

Merit: 250

Quote from: Vigil on August 09, 2013, 03:54:04 PM

Thank You for thinking about this critically. The chips were made. Who has them and why don't we? There only so many possibilities. They were either stolen, bought by a higher bidder, they are not held up in customs (complete BS story), are intentionally being held back by Yifu only and have not gone out to anyone, or are being held up by Yifu and "others".

Where do you (collective) think the 20% increases have been coming from?

Vigil

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Activity: 378

Merit: 250

Quote from: SebastianJu on August 09, 2013, 03:26:01 PM

Quote from: andrei.u on August 09, 2013, 02:45:23 PM

Avalon Guys are Straight,

They won't cheat on you like BFL....
We were within the first guys who ordered 1 Batch of ASICS and it was shipped almost 2 weeks ago ( it was 5 days in customs- since monday) ....So it all depends on when you made your order...
You should better worry about other things and have the PCBs and parts ready for the arrival of the chips.

Ok, so you were one of the first buyers... but zefir ordered at least 2 batches on the first day of opening too... and he only got one batch. So what does it say when only 2 batches were shipped when a month ago there were a huge amount of chips in boxes shown that were already created? Were are these chips now?
Regardless... Yifu only speaks about 20 batches in customs... thats nothing compared to the amount of chips ordered. And even then... they are there only 2 weeks. Which means the chips are late anyway. Why should that be? Yifu know quite well how long it takes to get the chips built. Thats why he waited 5 weeks until he ordered the chips at TSMC. And now it doesnt work anymore?
The pictures of the chip boxes seem to talk another way. Someone has those chips but not the normal buyers.

But good for you that YOU have your chips. That makes everything ok for the rest of us. Im relieved...

Thank You for thinking about this critically. The chips were made. Who has them and why don't we? There only so many possibilities. They were either stolen, bought by a higher bidder, they are not held up in customs (complete BS story), are intentionally being held back by Yifu only and have not gone out to anyone, or are being held up by Yifu and "others".