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Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 107. (Read 423279 times)

sr. member
Activity: 266
Merit: 250
You should also know that there is no fully populated klondike board hashing. Seems to be firmware problems but could be anything at this point. BKK have a pause and work on his house. Others are trying to fix it.
If this is for real then everyone should get a refund.
sr. member
Activity: 294
Merit: 250
ok, lets entertain the refund idea, we get all batches refunded, how can we then turn those refunded BTC into immediate profits?  What hardware is available immediately that we can purchase?  We need to recover our losses from the delay & assembly not being refunded?  So which hardware is available today that ships immediately?  Is asicminer products available?

best bet is buy bitcoins. next diff can be 80M..
sr. member
Activity: 476
Merit: 250
You should also know that there is no fully populated klondike board hashing. Seems to be firmware problems but could be anything at this point. BKK have a pause and work on his house. Others are trying to fix it.

https://bitcointalksearch.org/topic/m.3066801

edit
Terrahash has klondike 16 hashing at good speed but high HW errors and they did some changes on hw and software to acchive this. Current bkk firmaware seem to have problems with fully populated board.

At least Steamboat could update us on how klondike is preforming. He sent samples from all the batches (180 chips) to devs? And we are still in the dark. He stopped to communicate individually here in the thread. Only update us biweekly with one big post and miss to address many other questions. I addmit, I'am concerned and think that is not profesional. Further he does not have any terms published on his site (L.S.D.inc), no warranty on pcb and parts, absolutely nothing.Electronic pcb test should be free if assambly only is provided but he charge it. If assambly only k16 is without firmware. IMO hes prices are pretty expensive, but we had a deadline to preorder (!) (End of June) and he is the first to offer it and we had none to compare with.
This is not a custom order as something designed specifficly to the end user and he must comply to the US laws and bitpay regulations as paymant processor.

Basicaly, he can wait until deliver. He paid first batch with his own money and then collected from GB. Batch 2 were ordered after he collected the funds and all batches what came after, he ordered and paid when half of batch were bought(although that were his choice).
sr. member
Activity: 266
Merit: 250
ok, lets entertain the refund idea, we get all batches refunded, how can we then turn those refunded BTC into immediate profits?  What hardware is available immediately that we can purchase?  We need to recover our losses from the delay & assembly not being refunded?  So which hardware is available today that ships immediately?  Is asicminer products available?
hero member
Activity: 574
Merit: 500
I'm not crazy about the rhetoric running around in this thread, but Steamboat's silence on the thread is disconcerting at this point. Hope he goes public with a plan soon.
hero member
Activity: 518
Merit: 500
Source for Zefir's statement:

https://bitcointalksearch.org/topic/m.3066627

That makes all group buys having requested and received refunds, except this one. This one is just dead silent.

Don't screw us, steamboat.
full member
Activity: 154
Merit: 100
Mining hardware assembler and administrator.
Zefir just got btc refund from yifu for his 3 batches.

SebastianJu's just got the 4th.
member
Activity: 83
Merit: 10
sorry guys, missed the spreadsheet. can someone pm/post the link?
Wanna add 320 Chips batch #5

Considering a refund for 50 batch #2 chips, depends on the refund on assembly.

burnin is promising 50% refund on assembly. Could you promise the same order of magnitude?

This is a very good question. For those choosing the refund option, surely there is at least SOME room for partial refunds on assembly. Especially for those that ordered full assembly, testing, and rush shipping...

As for requesting refunds, I've decided I DO want a refund for my order of 36 Batch #4 chips. But why is everyone emailing Steamboat and getting on some spreadsheet? Didn't Steamboat say we would be notified of how to request refunds? Should we really be posting transaction details in this thread? I'm just sayin...

"We will post an update and send an email to everyone who has purchased chips with additional information and instructions once we have received confirmation of the refund option."

Nobody is emailing steamboat - I am organizing this.  I am only doing this to show that we can at least get to one full batch (10,000 chips).   So I am just doing this preemptively and hopefully will make steamboats load a little lighter and just to show amount of interest.

If you wish to be added to the list either pm me the details (username, chips #, batch #, transaction id) or send the info to [email protected] - transaction ID is absolutely necessary to verify all claims.

https://docs.google.com/spreadsheet/ccc?key=0Au277u2T6_H3dGRjZkllM3R5cTdVXzZpd0h2Sm5Ub3c#gid=0
sr. member
Activity: 476
Merit: 250
Zefir just got btc refund from yifu for his 3 batches.
At this point and considering that Steve has been online several times recently, we will get chips or boards.
full member
Activity: 163
Merit: 100
sorry guys, missed the spreadsheet. can someone pm/post the link?
Wanna add 320 Chips batch #5
sr. member
Activity: 266
Merit: 250
Has their been any refunds before our groupbuy's?  We may possibly get our chips even quicker Wink  

Guys if you want a refund lets all post to the spreadsheet, we need 10,000+ chips in order to refund, if we dont reach that, maybe we can possibly auction off those chips to recoup some money.  I am in group buys 1 & 2 and wont be refunding, but I however support refunds for chips and very partial to full refunds for assembly.  It'd be nice to have an accurate ETA on when steamboat will receive batches 1 & 2 so we can calculate our profits/losses and estimates for ROI more accurately.  Steamboat is a hell of a guy for doing what he is doing, please be patient, things done in haste can end up being a mistake and end up hurting others.  Hell I lost my job right after ordering 128+ chips and full assembly for them all as well as putting in over $3000 in investments in other group buys and BFL products and im not losing my cool and being disrespectful.  So yea im a broke bastard that spent my complete savings in bitcoin miners, I might be foolish but dare I be rude, i'll never do it.  Guys be cool, steamboat is on top of things.
full member
Activity: 144
Merit: 100
Everyone does know that a group by means a Batch of 10,000 chips. As stated earlier, how do you expect a refund, if not even 1/3 of 1 Batch requests so?
While I am patiently waiting for SB to post an update, I do still want an option for folks to request a refund. If 10K+ chip refunds are requested, then he should put in a request for the refund.

Don't let the low percentages (1/3) fool you -- several folks (myself included) are waiting on the sideline to see what SB offers in regards to assembly refunds before we decide if we want chip refunds. There just isn't enough information yet for us to decide. Once we have that information I think there will be more than 10K chip refund requests.

+1
member
Activity: 83
Merit: 10


You want your refund, yeah we get it. The rest of us are recalculating based on btc pricing and looking at ROI time shortening significantly.

Oh really? I've seen more refund requests than 'i want my chips' requests since 29th of August. But apparently you know more  Huh

Apparently I do, if you check the numbers, they are still heavily on the I want my chips side. I dont think the excel sheet although self appointed has even reached 1/3rd of 1 batch yet.

I agree with this jasinlee, glade you pointed out this point before I was about to mention this just now.  If anyone wants a refund, fill out the sheet, we need a full batch requesting refunds to be able to initiate a refund request with Yifu.  This is a "groupbuy" so decisions need to be made as a group, and if the majority says they dont want refunds, tough shit.

You cannot rightly claim the spreadsheet as evidence for your claim without rebutting my counterpoints:

jasinlee, good point about the spreadsheet, however I don't think it fully supports the claim that people are "heavily on the I want my chips side". It's an unofficial poll, just to serve as a registry of interest (if I understand correctly).

1. Some people may not bother, on account of it being unofficial.
2. Others may not want to post their transaction IDs and stake publicly.
3. There were no explicit options for "I definitely want my chips" or "I'm waiting for steamboat" or "I want the chips only if they're delivered before XX/YY date", so there is no way to distinguish between those.
4. Isn't the percentage of buyers actively following this thread also unknown?
5. It also doesn't speak to the funds already paid for PCB & assembly at all, and steamboat hasn't yet clarified what's gong to happen with this. It's quite reasonable for those who have paid to wait to respond until they understand the full scope of their options.

In summary, AFAIK you may be right, but that isn't proof.
hero member
Activity: 518
Merit: 500
Yes, I'm aware of what BitSynComm said, at 12:01 AM September 1st ...
I think it is completely unrealistic to expect Steamboat to make a decision affecting thousands of chips, ONE day after some comment by Yifu.

Is it?! SebastianJu set things in motion the same day and is processing refunds. Zefir set things in motion the same day and is processing refunds. Steamboat is quiet for almost 4 days now, and is refusing to process refunds. Hell, he's not making an inventory of who wants a refund and who doesnt.

"Set things in motion" are you nuts?

Read the threads you linked to, SebastianJu and Zefir only started a mechanism for people to notify them that they would like to request a refund. Nothing else.

1) No batch refunds have been requested yet by SebastianJu or Zefir
2) Who knows how Yifu will respond to refund requests. He might just sit on them for months, wait for BTC to hit $500, and then refund 0.02BTC per chip saying that represents the dollar cost paid. Is that what you want? If those are the refund terms I'll take my chips thanks. Point is Yifu is complete irresponsible, so assuming that you will be made whole by requesting a refund is foolish.

You have no idea what will happen with the refund path because Yifu has not spelled out the terms, and even if he does why would you trust him at this point.

This is why steamboat says that he is monitoring for more information and will update when there is something actionable to do.

I think you're the one who needs to read the threads.

Zefir stated he has requested a refund in this post
SebastianJu stated he has requested a refund in this post. Moreover, in the same post he states he has received the BTC for 3 refund requests already. He also says the same here.

I'm not sure where you got your information from, but your points drawn from it are absolute nonsense.


I agree with this jasinlee, glade you pointed out this point before I was about to mention this just now.  If anyone wants a refund, fill out the sheet, we need a full batch requesting refunds to be able to initiate a refund request with Yifu.  This is a "groupbuy" so decisions need to be made as a group, and if the majority says they dont want refunds, tough shit.

The joke is that the real majority hasn't even been asked to take a stand on "refund" or "no refund" yet, due to steamboats failure to communicate. Yeah, tough shit.
sr. member
Activity: 476
Merit: 250
Yes, I'm aware of what BitSynComm said, at 12:01 AM September 1st ...
I think it is completely unrealistic to expect Steamboat to make a decision affecting thousands of chips, ONE day after some comment by Yifu.

Is it?! SebastianJu set things in motion the same day and is processing refunds. Zefir set things in motion the same day and is processing refunds. Steamboat is quiet for almost 4 days now, and is refusing to process refunds. Hell, he's not making an inventory of who wants a refund and who doesnt.

"Set things in motion" are you nuts?

Read the threads you linked to, SebastianJu and Zefir only started a mechanism for people to notify them that they would like to request a refund. Nothing else.

1) No batch refunds have been requested yet by SebastianJu or Zefir
2) Who knows how Yifu will respond to refund requests. He might just sit on them for months, wait for BTC to hit $500, and then refund 0.02BTC per chip saying that represents the dollar cost paid. Is that what you want? If those are the refund terms I'll take my chips thanks. Point is Yifu is complete irresponsible, so assuming that you will be made whole by requesting a refund is foolish.

You have no idea what will happen with the refund path because Yifu has not spelled out the terms, and even if he does why would you trust him at this point.

This is why steamboat says that he is monitoring for more information and will update when there is something actionable to do.
Rocks you are wrong. Both sebastian and Zefir requested refund from bitsyncom. There were refund form what were sent to them. Sebastian already got 3 batch refunds from bitsyncom and zefir still waiting. Other individual chip buyers (10k) chips already got full refund from yifu.
I'am little concerned because steamboat was online a while ago and hes still did not said anything.
sr. member
Activity: 266
Merit: 250


You want your refund, yeah we get it. The rest of us are recalculating based on btc pricing and looking at ROI time shortening significantly.

Oh really? I've seen more refund requests than 'i want my chips' requests since 29th of August. But apparently you know more  Huh

Apparently I do, if you check the numbers, they are still heavily on the I want my chips side. I dont think the excel sheet although self appointed has even reached 1/3rd of 1 batch yet.

I agree with this jasinlee, glade you pointed out this point before I was about to mention this just now.  If anyone wants a refund, fill out the sheet, we need a full batch requesting refunds to be able to initiate a refund request with Yifu.  This is a "groupbuy" so decisions need to be made as a group, and if the majority says they dont want refunds, tough shit.
legendary
Activity: 1153
Merit: 1000
Yes, I'm aware of what BitSynComm said, at 12:01 AM September 1st ...
I think it is completely unrealistic to expect Steamboat to make a decision affecting thousands of chips, ONE day after some comment by Yifu.

Is it?! SebastianJu set things in motion the same day and is processing refunds. Zefir set things in motion the same day and is processing refunds. Steamboat is quiet for almost 4 days now, and is refusing to process refunds. Hell, he's not making an inventory of who wants a refund and who doesnt.

"Set things in motion" are you nuts?

Read the threads you linked to, SebastianJu and Zefir only started a mechanism for people to notify them that they would like to request a refund. Nothing else.

1) No batch refunds have been requested yet by SebastianJu or Zefir
2) Who knows how Yifu will respond to refund requests. He might just sit on them for months, wait for BTC to hit $500, and then refund 0.02BTC per chip saying that represents the dollar cost paid. Is that what you want? If those are the refund terms I'll take my chips thanks. Point is Yifu is complete irresponsible, so assuming that you will be made whole by requesting a refund is foolish.

You have no idea what will happen with the refund path because Yifu has not spelled out the terms, and even if he does why would you trust him at this point.

This is why steamboat says that he is monitoring for more information and will update when there is something actionable to do.
legendary
Activity: 1789
Merit: 2535
Goonies never say die.
I would agree to these points:

-By now, Steamboat should have provided a way for people to officially voice there opinions about whether or not they want a refund (obviously this would only be for the chips, as SB has stated so far). Random voices on this thread and the google doc are not official... but he should provide people enough time to make a decision, and should leave himself with enough time to determine how and if he needs to submit a refund request to Yifu.

-Steamboat was MUCH more active on this forum before and during collecting money. Not only was he posting here quite a bit, but was all over the forum participating.  Once the batches slowed down, he did change his activity level and even the way he was responding. Especially after LSD came - IMO he took a much less personal tone and more of a professional one... and posts slowed down/stopped across the board.  This worries me, but not enough for me to call him a scammer or even distrust him at this point. I initially chalked it up to him being busy getting everything ready, but it is my understanding they are ready now and have been for a little while... so I was hoping he would return to the SB that I first saw.  Hopefully the mafia hasn't gotten him    Cheesy

-If I have to work - all of you need to get your asses to work... National holiday my ass!  Roll Eyes    SB is NOT taking the weekend off, he is here, and he is watching... just no clue what he is thinking until he posts.



EDIT:  BTW - I am not getting anything done at work because of this stupid forum!   Cool







hero member
Activity: 518
Merit: 500
+1 cardcomm. I think you might have worded it better than I did.

Here's the exact mail steamboat sent me:

Quote
Good evening [my first name],

We are working on the refund situation and will update the thread when we have more information. We are not accepting refund requests at this time. Please show courtesy and respect when posting in our thread, messaging, or emailing us.

Have a wonderful day,

Steamboat

This email was received approximately 20 hours ago. Draw your own conclusions.
member
Activity: 83
Merit: 10


You want your refund, yeah we get it. The rest of us are recalculating based on btc pricing and looking at ROI time shortening significantly.

Oh really? I've seen more refund requests than 'i want my chips' requests since 29th of August. But apparently you know more  Huh

Apparently I do, if you check the numbers, they are still heavily on the I want my chips side. I dont think the excel sheet although self appointed has even reached 1/3rd of 1 batch yet.

jasinlee, good point about the spreadsheet, however I don't think it fully supports the claim that people are "heavily on the I want my chips side". It's an unofficial poll, just to serve as a registry of interest (if I understand correctly).

1. Some people may not bother, on account of it being unofficial.
2. Others may not want to post their transaction IDs and stake publicly.
3. There were no explicit options for "I definitely want my chips" or "I'm waiting for steamboat" or "I want the chips only if they're delivered before XX/YY date", so there is no way to distinguish between those.
4. Isn't the percentage of buyers actively following this thread also unknown?
5. It also doesn't speak to the funds already paid for PCB & assembly at all, and steamboat hasn't yet clarified what's gong to happen with this. It's quite reasonable for those who have paid to wait to respond until they understand the full scope of their options.

In summary, AFAIK you may be right, but that isn't proof.
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