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Topic: Incoming Avalon News 8/9/2013 - page 95. (Read 186712 times)

vip
Activity: 756
Merit: 504
August 08, 2013, 10:54:05 PM
Wow, my guess was wrong.

However I think not all people will even trust in the shallow news you prepared.

So threats were made, but it was all right to travel to Amsterdan.

 Roll Eyes
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 08, 2013, 10:53:22 PM
Here's the important part:

Quote
Unit Batches
Batch three have completely left our hands, may DHL be swift in their deliveries. The refunds will shortly follow, this is the same for any tradein orders ( ran into issues such as some people were receiving their address to pay while other are not). we understand we are very late in this department of processing any customer support related issue, we will not be making any excuses, but this is literally the only thing left on our plate now. In the future we hope to eliminate this problem by selling only in stock products that will ship in under 3 days.
On the horizon are two new product designs, we are fairly happy with the batch 3 design, which will conclude as the Avalon Version 1 final design. In addition we will have a new 2 module unit coming to market and a 2U 17inch deep server blade slated as Avalon Version 2.
Chips

Chip Orders
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, this matter is very painful for us and our customers. As majority of the chip orders ( 70% ) totaling ~800k is made between early and mid-may resulting in a tight time frame to work with. We do have more chips coming in via different route next week which will ease this a little bit. (you can take this as chips will resume shipping by end of next week for now.)

Next Generation
We will take this time to fulfill a promise to announce the next generation chip 2 month ahead of schedule so potential buyers can make a decision. 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.
full member
Activity: 238
Merit: 100
August 08, 2013, 10:50:54 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 weeksTM now

Quote
announce the next generation chip

we knew it! you liars!

you took every stereotypical excuse and scam tactic in the book and slammed it all into one, reading this makes me feel sick!!!

CALL TO ARMS
full member
Activity: 196
Merit: 100
I love Bitcoin
August 08, 2013, 10:50:11 PM
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.

YIFU, here you come, ready to annouce?
donator
Activity: 980
Merit: 1004
felonious vagrancy, personified
August 08, 2013, 10:49:33 PM
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.

Yikes, that's very disturbing.  I hope everybody makes it out okay.  I assume you reported this to the police, of course?

Out of curiosity, are these threats of "give us all those BTC you collected or we break your face" or "we're pissed you haven't shipped our product, so we'll break your face"?  Bad news either way, of course.

Glad to hear you have sworn off the preorder nonsense.
sr. member
Activity: 336
Merit: 251
Avalon ASIC Team
August 08, 2013, 10:48:45 PM
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.
full member
Activity: 172
Merit: 100
August 08, 2013, 10:47:24 PM
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.
sr. member
Activity: 336
Merit: 251
Avalon ASIC Team
August 08, 2013, 10:44:41 PM
You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...

don't you got better things to do like writing code mr. software engineer than waste time with some first-class-riding booze-drinking "pr guy" like me?

anyhow, update is live on main page. http://avalon-asics.com

sr. member
Activity: 292
Merit: 250
August 08, 2013, 10:44:12 PM
You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...


LOL! +1 millibitcoon
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
August 08, 2013, 10:41:31 PM
You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
August 08, 2013, 10:39:02 PM
Of course he doesn't post any news today -.-

Not surprised in the least bit.

Edit for the strikethrough font. Yifu came through right after I posted this!!!
member
Activity: 98
Merit: 10
August 08, 2013, 10:38:38 PM
My guess: there will be no news, no post, for at least enough time to keep all buyers in high state of anxiousness. This, of course, to keep the buyers emotionally exhausted, which reduces the chances of buyers undertake further action. The goal is to keep the buyers in a endless state of waiting. This one of the most usual tactics adopted by fraudsters when the house of cards start to fall apart.

I hope my guess is wrong, for the sake of the buyers.

very likely...

off to russia to shack up with snowden

vip
Activity: 756
Merit: 504
August 08, 2013, 10:35:46 PM
My guess: there will be no news, no post, for at least enough time to keep all buyers in high state of anxiousness. This, of course, to keep the buyers emotionally exhausted, which reduces the chances of buyers undertake further action. The goal is to keep the buyers in a endless state of waiting. This one of the most usual tactics adopted by fraudsters when the house of cards start to fall apart.

I hope my guess is wrong, for the sake of the buyers.
sr. member
Activity: 266
Merit: 250
August 08, 2013, 10:34:51 PM
We better get free chips or a partial refund/discount on the chips we already bought.  Or avalon will be up their ass in a legal shitstorm and barely any future customers.
full member
Activity: 238
Merit: 100
August 08, 2013, 10:21:46 PM
sr. member
Activity: 406
Merit: 250
August 08, 2013, 10:05:15 PM
Preparing his news release ? with tons of excuses probably.
hero member
Activity: 924
Merit: 1000
August 08, 2013, 09:25:06 PM
the important right now is for the announcement, about the chip and the order, hope that it will be positive result.
ya i tend to think it will be.... i think this is his way of reminding us tho, of who's da man lol ")
Is there a positive result for any Avalon chip buyers at this point? I'm not sure they can achieve positive ROI. Even Batch3 people who have their complete miners now may not ROI.

Batch #3, 3 module Overclocked at 82gh/s will reach ROI in 60-100 days.  60 earliest.

ROI is reachable, however it does not look as lucrative when we placed our orders back in March.  I am both happy and upset  (:/
sr. member
Activity: 252
Merit: 250
August 08, 2013, 08:53:40 PM
the important right now is for the announcement, about the chip and the order, hope that it will be positive result.
ya i tend to think it will be.... i think this is his way of reminding us tho, of who's da man lol ")
Is there a positive result for any Avalon chip buyers at this point? I'm not sure they can achieve positive ROI. Even Batch3 people who have their complete miners now may not ROI.
newbie
Activity: 50
Merit: 0
August 08, 2013, 08:52:11 PM
LOL, somebody has serious jet lag!  When he said "tomorrow" on Wednesday night (for West coast people at least) he meant Friday.  Because when he took off it was Thursday.  Sleep well little time traveler.
legendary
Activity: 2198
Merit: 1000
August 08, 2013, 08:13:03 PM
the important right now is for the announcement, about the chip and the order, hope that it will be positive result.
ya i tend to think it will be.... i think this is his way of reminding us tho, of who's da man lol ")
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