Liquid Synergy Designs Inc. -ASIC mining hardware - page 67.

hoss

newbie

Activity: 52

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Quote from: cpengr on September 28, 2013, 05:29:07 PM

....
Not "everything". In his hypothetical scenario, chips, electricity, and shipping are free. I infer that means the assembly and boards themselves are not.

Thanks cpengr - that's correct, assumes we still have to pay for assembly and BOM.

cpengr

member

Activity: 83

Merit: 10

Quote from: r3animation on September 28, 2013, 05:22:47 PM

Quote from: hoss on September 28, 2013, 05:17:17 PM

I hate to keep being Debbie Downer but I am confused as to why some of you don't seem to understand the current situation. As of right ‘now’, even if you got the chips for free, electricity for free, SB shipped the boards for FREE, you WOULD NOT make ROI. In fact if someone came up to me TODAY with a fully functional (as in 4.5GH with no hardware errors) K16 board and asked $80 for it - I would not buy it at this point.

Again - https://docs.google.com/spreadsheet/ccc?key=0Ah7ZJVoobFY7dDRGQk1kdmJmaUJwZENKZUdNejJlWEE#gid=0

Realistically if you start mining today, a K16 might produce 0.5BTC before it hits electricity/reward break point.

Erm, if everything was free, your investment was $0 therefore ROI is at $0. Everything you mine would be profit.

Not "everything". In his hypothetical scenario, chips, electricity, and shipping are free. I infer that means the assembly and boards themselves are not.

r3animation

hero member

Activity: 756

Merit: 500

Quote from: hoss on September 28, 2013, 05:17:17 PM

I hate to keep being Debbie Downer but I am confused as to why some of you don't seem to understand the current situation. As of right ‘now’, even if you got the chips for free, electricity for free, SB shipped the boards for FREE, you WOULD NOT make ROI. In fact if someone came up to me TODAY with a fully functional (as in 4.5GH with no hardware errors) K16 board and asked $80 for it - I would not buy it at this point.

Again - https://docs.google.com/spreadsheet/ccc?key=0Ah7ZJVoobFY7dDRGQk1kdmJmaUJwZENKZUdNejJlWEE#gid=0

Realistically if you start mining today, a K16 might produce 0.5BTC before it hits electricity/reward break point.

Erm, if everything was free, your investment was $0 therefore ROI is at $0. Everything you mine would be profit.

hoss

newbie

Activity: 52

Merit: 0

I hate to keep being Debbie Downer but I am confused as to why some of you don't seem to understand the current situation. As of right ‘now’, even if you got the chips for free, electricity for free, SB shipped the boards for FREE, you WOULD NOT make ROI. In fact if someone came up to me TODAY with a fully functional (as in 4.5GH with no hardware errors) K16 board and asked $80 for it - I would not buy it at this point.

Again - https://docs.google.com/spreadsheet/ccc?key=0Ah7ZJVoobFY7dDRGQk1kdmJmaUJwZENKZUdNejJlWEE#gid=0

Realistically if you start mining today, a K16 might produce 0.5BTC before it hits electricity/reward break point.

wantmyrefund

newbie

Activity: 14

Merit: 0

Latest status of people who requested a refund and posted to the refund tracking thread. If you would like to add yourself, whether you've requested and received a refund or are still waiting, here is a link to the thread.

https://bitcointalksearch.org/topic/liquid-synergy-designs-inc-refund-tracking-thread-299006

Quote from: wantmyrefund on September 21, 2013, 10:11:22 AM

Last updated: 27-Sep-2013

The list, sorted by refund request date:

Forum Name	Quantity	Batches	Request Date	Date Received	Type - Chips Only or K16
lithiumfinn	16	5	3-Sep-2013 & 12-Sep-2013	19-Sep-2013
rocks	485	3,4	9-Sep-2013 & 14-Sep-2013		K16
xjack	34	6	11-Sep-2013	24-Sept-2013
ScaryHash	264	1,2,3,4,5	11-Sep-2013
wrenchmonkey	75	4	11-Sep-2013	24-Sep-2013
sprint347	16	6	12-Sep-2013 & 22-Sep-2013		K16
dobber	32	3	13-Sep-2013	24-Sep-2013
mwm4bcf	232	4	14-Sep-2013
r3animation	90	2	14-Sep-2013
bobbyremone	80	3	14-Sep-2013
alexuk	100	2	23-Sep-2013

KS

sr. member

Activity: 448

Merit: 250

Quote from: Reckman on September 28, 2013, 04:21:27 PM

Quote from: KS on September 28, 2013, 02:47:18 PM

Quote from: markm on September 28, 2013, 02:02:39 PM

(Though are even discounted ones worth anything?)

Barely. Even if you received them for free, you still need to mount them on something and their power draw isn't exactly best-in-class.

The one market I see for them is China. Cheap PCBs/parts and cheap electricity.

electricity is not cheap in china

Define cheap for you. For me 0.03 to 0.1$/KWh is cheap.

KS

sr. member

Activity: 448

Merit: 250

Quote from: nightengale on September 28, 2013, 04:08:45 PM

Then lets find someone in China to sell our boards to.

Good luck with that. They'll be making them for 1/10th the price already Wink

Reckman

hero member

Activity: 711

Merit: 500

Quote from: KS on September 28, 2013, 02:47:18 PM

Quote from: markm on September 28, 2013, 02:02:39 PM

(Though are even discounted ones worth anything?)

Barely. Even if you received them for free, you still need to mount them on something and their power draw isn't exactly best-in-class.

The one market I see for them is China. Cheap PCBs/parts and cheap electricity.

electricity is not cheap in china

nightengale

hero member

Activity: 574

Merit: 500

Then lets find someone in China to sell our boards to.

KS

sr. member

Activity: 448

Merit: 250

Quote from: markm on September 28, 2013, 02:02:39 PM

(Though are even discounted ones worth anything?)

Barely. Even if you received them for free, you still need to mount them on something and their power draw isn't exactly best-in-class.

The one market I see for them is China. Cheap PCBs/parts and cheap electricity.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: lithiumfinn on September 28, 2013, 09:27:22 AM

It's not like the discounted chips will ever ship. It will just be the same thing all over again.

Its not like the un-discounted chips ever shipped either.

Last we heard Yifu had said he had shipped them. But there has been no word on them arriving so hopefully it is too late now for Yifu to expect anyone to accept them even if they do arrive, unless maybe he will count them as discounted chips.

(Though are even discounted ones worth anything?)

-MarkM-

KS

sr. member

Activity: 448

Merit: 250

Last I heard from him was on 17/09.

nightengale

hero member

Activity: 574

Merit: 500

It's been a week and a half now since we heard anything from SB?

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Quote from: SteveB on September 27, 2013, 06:36:24 PM

I sent refund request for batch 2 chips on September 19. No response yet.

Same. Requested a refund for 288 chips in batch 5 on the 19th. Waiting.

Stringchains

member

Activity: 61

Merit: 10

Quote from: Kapz786 on September 28, 2013, 08:18:13 AM

steamboat - partial assembly refunds as you have promised - tell us what to do and lets get the ball rolling......

I agree.

lithiumfinn

newbie

Activity: 40

Merit: 0

It's not like the discounted chips will ever ship. It will just be the same thing all over again.

Kapz786

hero member

Activity: 697

Merit: 503

steamboat - partial assembly refunds as you have promised - tell us what to do and lets get the ball rolling......

Rakessh

full member

Activity: 205

Merit: 100

Quote from: bigtimespaghetti on September 28, 2013, 07:09:40 AM

I'm not surprised they are doing this, but it does feel very disrespectful to their current customers. There is probably enough demand in the market that they don't have to worry about pissing people off.

Unfortunately the collective short term memory of consumers is extremely short... in a week everything is forgotten and forgiven, especially if there is some new toy out already Tongue

Rakessh

full member

Activity: 205

Merit: 100

Steamboat should really have requested refund on all the chip buys, and instead bought clearance chips for those who wished to actually get a working miner regardless of financials.
Or even gamble on gen2.
Taking any delivery at full price for any delayed chips is bullshit, but hindsight is, again, 20/20. Wink

bigtimespaghetti

legendary

Activity: 1652

Merit: 1057

bigtimespaghetti.com

I'm not surprised they are doing this, but it does feel very disrespectful to their current customers. There is probably enough demand in the market that they don't have to worry about pissing people off.

Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 67. (Read 423281 times)