Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 105. (Read 423279 times)

Why wouldn't they? What's he going to do with information that's already public? We all already know the address payments were sent to, it's not hard to see the transactions.

Building a list of people who are prepared to take things to the next level simply enables taking things to the next level. Somebody's gonna have to organize it, and it's damn sure not gonna be Steamboat...

All of this can be cleared up quite easily. Steamboat just needs to quit cowering in the corner, man up, and resolve this thing. The sooner he does that, the sooner he can wash his hands of it. Although I'm more and more interested in taking action against Bitsyncom/Yifu, by the minute I; for one, would prefer not to see this thing escalate to the point of having to haul Steamboat's ass into court. The ball is ENTIRELY in Steamboat's court (no pun intended) on whether that happens or not.

It will take exceedingly little effort on Steamboat's part to log the fuck in here, and let us know what's going on. Much more effort, I imagine, fighting lawsuits which could include other damages including punitive, which could add up to much much more than the total that's already been invested in this group buy. If Steamboat is smart, he'll get his ass in gear and not let it come to that. I'd sure hate to see the guy lose things like his house over some cowardice regarding a group buy gone wrong (due to circumstances that were mostly beyond his control).

If we do decide to take legal action, we will need to do so quickly, so that we can get injunctions on Steamboat's funds (including bitcoin) before he funnels it all off and files bankruptcy (which, not to be the Chicken Little here, but there's the possibility that this is already what's going on behind the scenes, while Steamboat hides away from all of us).

This thread has been an interesting read.

I'm in Batch 4 and a month late and counting. With difficulty spiraling upward out of control, all hope for ROI is lost-- but I knew that was a possibility going in.  I bought several video cards just a couple months before ASICs annihilated GPU mining-- but at least I was able to mine LTC to eventually scrape up enough BTC to break even, less what I spent on this group buy.

Knowing the history of Avalon (mining with customer units before shipping them, etc) I was prepared for this eventuality, and I'm glad I only went in for 16 chips and full assembly. Total setback like $300-- which is a chunk of change, for sure-- but even if I finally do get a working miner, and difficulty is over 100M and it takes me 2 years to ROI-- I don't care.

For me it's about the hobby and the promise of what BTC *could* be.


I know a lot of people are in way deeper than I am, and I really do sympathize. Some undoubtedly saw huge dollar signs and invested heavily in vaporware. Investing in what they wanted to be real instead of what actually was real.

Much like "real" currency, only those with resources and power will have all the resources and power, and we little guys can't even begin to piss at the same trough as the big boys when it comes to hashing power. It's a nuclear arms race, and we all lost the second we didn't have an Avalon cluster back when difficulty was sub-10M.

I'm not going to speculate and toss out numbers I think people should get for refunds-- I just wanted to comment here and state that even though I'm pretty disappointed in how this all went down, I've come this far, and the money is already spent. I'll just wait for my chips and miner to come in. If nothing else, it will be an interesting coffee table piece.

It depends on what you mean by there in the term "not yet there".  The price is so low, it's almost just the cost of chips.  It's not quite "just" the cost of chips, but "almost" the cost of chips alone.  It's appropriate in the sense that I'm trying to convey that he is "almost" giving away assembly.  So it would not be the wrong term in the context I'm using it.

Because when we have a group together who can communicate quickly amongst each other, it's way easier to pursue actions against steamboat if it has to come down to that. Lone buyers may not want to take on the entire task for a few hundred/thousand USD, but when you tally it all together, there's hundreds of thousands of USD in this groupbuy. Together we stand strong.

Almost indicates it's nearly there, as in, insufficient, not yet there. So that term would be wrong.
1.5 would indeed be in excess, more, sufficient to cover (1.36) etc etc and so would the opposite of almost.

;-)

I purchased 32 chips plus assembly from Ibminer, i would like a refund.

i wonder how many emails steamboat has in his inbox. 3 from me! thursday , sunday , tuesday.
I'm not in his assembly, but in his chip purchase. i should be given a refund 100% for sure..
But if they wont be filed before tomorrow to yifu, i guess i can use them as christmas tree ornaments? i should be getting them around December i guess?

You're lost in this.
What we need is organization.

Why would anyone send you their information?  You can't do anything.  Also your tone doesn't exactly lend you creditability. The only option is to wait for an update from steamboat.  Getting mad isn't going to solve anything.

Send me a PM with your email address, I'm gathering people who are fed up with steamboat's lazy approach that causes us nothing but damage. Also add the chips + batch + paid BTC amount.

I'll give you .55BTC for the whole lot. Otherwise, you need to get on board for a refund. 

I will add my two orders. I want a refund.
7, 2, 6426a071e0c398db7b795acd5daa2447bb640c97404572b6a6a1c32392097521
16, 5, 22312cee44a49a9f7ad841f83c3202d8c629a85926f68966b8c81a4ec144a6cd

Agreed. Steamboat's assembly has precisely NOTHING to do with THIS group buy. None, nada, zip, zilch. The terms of THIS deal have been breached, meaning we're entitled to a refund, and Steamboat's silence on the matter is nothing but cowardice.

Put me on the list in support of legal action against Bitsyncom; Yifu G (individually and in his capacity as an officer of BitSynCom); and if we don't get a very clear resolution very shortly from Steamboat, against Steamboat, (individually and in his capacity as an officer of Liquid Synergy Designs, Inc).

Playtime is over. It's time for results.

come on steamboat, show us a little respect and post a update. we trusted u ... tell us a status

I've ordered 320 chips (batch #2).
Anyone interested?

There are some people who have no assembly commitment here - effectively steamboat is just a group buy organizer for them - getting their feedback should have been fast and drama free like the other group buys. These account for close to half of all chips ordered through steamboat.

I'm not getting a refund, but steamboat needs to update those whom are requesting refunds immediately.  Also if 10,000+ chips cannot be met for a full batch of chips, I think people should consider reselling their assembled miners with chips at a discount.

In batch 5 I have 25 chips; I've paid for assembly on 16.  I'd like a refund on the other 9.  Not sure if that is logistically possible, but that adds to the stack.

The deadline is that Yifu will most likely send the batches that didn't request for a refund on Wednesday. Steamboat has to make any refund requests to Yifu before this time, and it doesnt seem he's doing so atm.


^ several big buyers have responded to me and are added to the group. Keep them coming and please also include your email address.

Yifu hasn't specified a deadline. All he said is that on Wednesday he will be sending chip batches to cover June orders.

SB already stated that he will be offering refunds if Yifu confirms that refunds will be available.

I don't have assembly with SB and burnin is offering refunds for assembly, 50% now or 70% if you are willing to put it towards his new Bitfury project.