Incoming Avalon News 8/9/2013 - page 90.

Unacceptable

legendary

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Quote from: PuertoLibre on August 09, 2013, 01:20:00 AM

Quote from: bystander on August 08, 2013, 11:10:18 PM

Ok someone already called it last night, the (drumroll please) "stuck in customs" excuse.

Jet lag guy had over 24 hours to think of a better reason than that, is that the best he could do?

I called it last night, LOL.

I don't doubt the Avalon guys. I just doubt the customs guy.

Quote from: PuertoLibre on August 08, 2013, 08:02:54 PM

He will likely make announcements on the chips being stuck @ customs. Hence the multi-week delay.

Then he will make an announcement that their gen2 products are in the prototyping phase.

They crystal ball knows all!

Oh Wise & Powerful PuertoLibre,who will be the one to truely give us peons ASIC's Cheesy

PuertoLibre

legendary

Activity: 1890

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Quote from: bystander on August 08, 2013, 11:10:18 PM

Ok someone already called it last night, the (drumroll please) "stuck in customs" excuse.

Jet lag guy had over 24 hours to think of a better reason than that, is that the best he could do?

I called it last night, LOL.

I don't doubt the Avalon guys. I just doubt the customs guy.

Quote from: PuertoLibre on August 08, 2013, 08:02:54 PM

He will likely make announcements on the chips being stuck @ customs. Hence the multi-week delay.

Then he will make an announcement that their gen2 products are in the prototyping phase.

The crystal ball knows all!

PuertoLibre

legendary

Activity: 1890

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Quote from: SoggyLettuce on August 08, 2013, 11:10:12 PM

Just giving us "there is currently ~200k chips stuck in custom right at this moment for about 2 weeks now, this matter is very painful for us and our customers" is fucking unacceptable. First off prove to us they are stuck in customs. Second, why are they stuck in customs.

Fuck you for barely giving us a paragraph of useful information in a 10 million dollar situation. This isn't the time to admit defeat to the community and to the customers. Man the fuck up and give us more information. And how dare you flaunt your up and coming products while we are left with fuck all after putting our money in your hands. BFL is even fucking better than you with PR.

Don't worry, others will buy it off you for pennies on the dollar!

There are buyers ready to save your asses (with a haircut!).

Wayne_Chang

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Quote from: rudrigorc2 on August 09, 2013, 01:11:12 AM

new step requires a new and better coffee shop Cool

let the 55nm come, now Ill ask something everyone might be wondering, can we expect a new trade in program ? *headache*

Trade-in?
Give your machine or chips to them and wait for 4 months with nothing returned?
How much lost will be caused during these 4 months? Maybe 28nm will come after 4 months delay.

Ytterbium

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Activity: 238

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Quote from: Bicknellski on August 09, 2013, 12:12:38 AM

I think it would be in the best interests of the community to start "disabling" Gen2, Gen3 and Gen4 Avalon products. Boycott and let them rot with BFL.

What does that even mean? Even if CGminer doesn't support them they can just write their own mining software. No one is going to turn down free hashes.

PuertoLibre

legendary

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Quote from: hchc on August 08, 2013, 10:55:09 PM

TL; DR; Gen1 chips buyers eat shits Cheesy

Thank you all for subsidizing the next generation of Avalon Technology.

Gen 2: 55nm

Gen 3: (Full Custom)

Gen 4: (Full Custom)

[/Inaba freakout]

rudrigorc2

legendary

Activity: 1064

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new step requires a new and better coffee shop Cool

let the 55nm come, now Ill ask something everyone might be wondering, can we expect a new trade in program ? *headache*

str4wm4n

legendary

Activity: 1611

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at least none of us can ever complain of being bored Roll Eyes

dexX7

legendary

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Quote from: bystander on August 08, 2013, 11:57:24 PM

What about Avalon shipping 135 boxes shipped to the reseller in HK?
2.1 million chips - $14.7million dollars

Check near the bottom of the article for the tracking info:
http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500/

Actually TGB did a sloppy job on this. Clearly visible "n/24" is written on each parcel and furthermore there are two tracking identifiers: a MAWB (Master Air Way Bill) which was 871 5050 8076 and a HAWB (House Air Way Bill) which was JHG13060373. The MAWB is the identifier for the "whole stack" of the shipping company and the HAWB is an internal identifier for each recipient. Means: the total amount of parcels for this shipping company was 135 parcels altogether, but fidelhl most likely received only 24 parcels.

Lollaskates

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Quote from: OtaconEmmerich on August 09, 2013, 12:40:50 AM

Wow, this is the worst PR management ever. Shit is flying everywhere and shit barely gets explained properly, I'm glad they are not dealing with pre-order crap after these chips but I'm VERY wary of buying another Avalon product right now.

Don't. Let them feel their mistake and set yet another example of what will happen to your company if you treat the community with no respect. Some quick math and expected difficulty jumps shows that this 6 week delay has cost me roughly ~$2400 USD (256 chip order). We'll be lucky if we break even at this point. Yifu, do you realize what that means? That means the chips you sold us are now valued at $600 / 256 ~= 2.34 USD per chip. that's nearly an astounding 65% decline in value. Are you prepared to refund 65% of the product price back to us, or risk losing your company?

makngeerwork

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???

Good luck finding buyers for that gen. 2. I will join BKK in stating that your company is blacklisted. Zefir, Steamboat, Bunin, BKK, and others show what is possible in a professional, straight forward, get it done attitude.

Stack

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Quote from: Lollaskates on August 09, 2013, 12:32:51 AM

Yep, boycotting Avalon. You can't go silent for 5 weeks citing reasons you provide no proof for when you're dealing with millions of dollars of funds. You sir just lost your company, watch the bitcoin community react the same way they did to BFL. Avalon is dead. You'd think they would have been smarter than this after seeing BFL the last few months. Do you have any idea how much money you've cost everyone being now 6 weeks late at a minimum? 1 week of mining in August is about the entire month of this November. You need to refund the difference in value back to us if you want any chance of surviving this PR disaster. Noone would have bought these chips for the price you charged citing a Sept. delivery date. Cough it up. Business mistakes cost money. Learn from it. That is, if you intend to stay in business.

Hopefully most, if not all of you let Avalon die otherwise. Venture Capitalists will avoid Avalon like the plague with all that risk on their ROI, and under it goes. Should treat your customers with more respect. Also, a good scandal in the news involving the recognized "founding" BTC ASIC company would garner more media exposure.

The bitcoin/mining nature of this hardware aside, even if these were just usb memory sticks for example, is still completely unacceptable and worth legal action.
The product was given a maximum delivery time of 10 weeks, that makes 6 weeks late a 60% delay on promise, meanwhile not answering their phone or email or support tickets.
And we're talking millions of dollars

oaxaca

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Here's the proof that the chips are stuck in customs

OtaconEmmerich

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Wow, this is the worst PR management ever. Shit is flying everywhere and shit barely gets explained properly, I'm glad they are not dealing with pre-order crap after these chips but I'm VERY wary of buying another Avalon product right now.

Lollaskates

sr. member

Activity: 249

Merit: 250

Yep, boycotting Avalon. You can't go silent for 5 weeks citing reasons you provide no proof for when you're dealing with millions of dollars of funds. You sir just lost your company, watch the bitcoin community react the same way they did to BFL. Avalon is dead. You'd think they would have been smarter than this after seeing BFL the last few months. Do you have any idea how much money you've cost everyone being now 6 weeks late at a minimum? 1 week of mining in August is about the entire month of this November. You need to refund the difference in value back to us if you want any chance of surviving this PR disaster. Noone would have bought these chips for the price you charged citing a Sept. delivery date. Cough it up. Business mistakes cost money. Learn from it. That is, if you intend to stay in business.

Hopefully most, if not all of you let Avalon die otherwise. Venture Capitalists will avoid Avalon like the plague with all that risk on their ROI, and under it goes. Should treat your customers with more respect. Also, a good scandal in the news involving the recognized "founding" BTC ASIC company would garner more media exposure.

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

One (the best) way to really fuck over Avalon's future plans is to support their strongest competition.

Every share of AM, ACTM, and iCE.DRiLL bought is another dagger in their heart. Cool

Stack

full member

Activity: 238

Merit: 100

Quote from: Bicknellski on August 09, 2013, 12:12:38 AM

Quote

Soon we will be disabling the pre-order of Avalon Gen1 chips and only sell the remaining stock as we phase out old technology for a new 55nm, which goes on sale for immediate delivery at mid October 2013. This 55nm will retain the same physical dimension as the 110nm Gen1, only few pads were changed so getting them up and running requires very little change to existing design. In addition, there is 2 more chip designs in the pipeline, we have decided to proceed developing Gen3 and Gen4 in parallel due to the long R&D time of low processor nodes, both of these will be a Full Custom ASIC design.

I think it would be in the best interests of the community to start "disabling" Gen2, Gen3 and Gen4 Avalon products. Boycott and let them rot with BFL.

Agreed

DO NOT BUY

Obviously none of this rounds groupbuyers will go for avalon chips ever again, I just hope others follow their example.

FUKT

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Activity: 446

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Quote from: bystander on August 08, 2013, 11:19:23 PM

Quote from: BitCsByBit on August 08, 2013, 11:02:39 PM

Quote

While we have send out some chip orders, there is currently ~200k chips stuck in custom right at this moment for about 2 weeks now,

Some chips orders are behind schedule way longer than 2 weeks!

And what he claims is full of @#$@, he would've updated Zefir, Steamboat had they actually been stuck in customs. But no, he decides to go incommunicado and then re-appear once after filings with Interpol, FBI, and other governmental entities were filed by one of the user(s).

I agree with your claim he is full of shit. The best lie is always hidden between two truths, in my opinion one or more of the following is a lie:
1)Chip delay
2)Extortion of team members
3)New hardware

nightengale

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Quote from: Bicknellski on August 09, 2013, 12:12:38 AM

Quote

Soon we will be disabling the pre-order of Avalon Gen1 chips and only sell the remaining stock as we phase out old technology for a new 55nm, which goes on sale for immediate delivery at mid October 2013. This 55nm will retain the same physical dimension as the 110nm Gen1, only few pads were changed so getting them up and running requires very little change to existing design. In addition, there is 2 more chip designs in the pipeline, we have decided to proceed developing Gen3 and Gen4 in parallel due to the long R&D time of low processor nodes, both of these will be a Full Custom ASIC design.

I think it would be in the best interests of the community to start "disabling" Gen2, Gen3 and Gen4 Avalon products. Boycott and let them rot with BFL.

Amen to this. Should try to get kano and ckolvias on-board.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Ytterbium on August 08, 2013, 11:56:08 PM

Quote from: iCEBREAKER on August 08, 2013, 11:51:27 PM

not entirely buying into the 'customs holdup' excuse.

China is #1 world exporter. China customs cares about oppressing importers, not exporters.

Yes, importers.

Where do you think Taiwan Semiconductor Manufacture Company makes their chips?

I considered that interpretation, but decided there's less textual/circumstantial evidence for that reading.

besides, ROC sends PRC chips for assembly (and vice versa) all the freaking time, corrupt grandstanding warmongering jingoistic expansionist commies notwithstanding.

the fact it's entirely unclear speaks volumes.

Topic: Incoming Avalon News 8/9/2013 - page 90. (Read 186804 times)