Liquid Synergy Designs Inc. -ASIC mining hardware - page 7.

PeZ

sr. member

Activity: 297

Merit: 250

I got the same offer but under assembly + testing it shows zero units. Hosting was suppose to include testing.

Quote from: Galli on February 04, 2014, 09:50:55 PM

Numbers aren't adding up as I thought they would:

Fully Assembled: $133.5 *25% = $33.75
Hosting: $15 *100% = $15
Total/Unit = $48.75

Conversion $48.75/126.61 = .385041 per unit

I've received an offer for .315931 per unit

Thoughts?

ibuyltc

full member

Activity: 149

Merit: 100

Nobody has posted the email but here it is.

Quote

Thank you for your patience as we near the end of the Fusion16/Klondike project. Please find below the details of your order and the BTC refund amount, which includes the assembly and shipping/hosting fees. If the information is correct, please click the accept link. If there is an error, please click the change information link to input the corrected information.

A prototype unit which reuses a large portion of the components has been developed with testing and debugging underway, but it is unclear as to whether the unit can be manufactured with a reasonable chance of ROI. In the event the decision is made to sell the remaining component stock, an email with further information will follow.

Bitcoin Address to receive refund:

Assembly:

DIY Kit:

Full Assembly:

Full Assembly + Testing:

Refund Amount: BTC

I've bolded the part above that most people seem to have missed. Any clues.. I imagine as loyal LSD followers we would get first dibs on such an item

alfabitcoin

sr. member

Activity: 476

Merit: 250

At my calculation exchange is 126.51$ and 25% from 60$ assambly. Not included pcb and parts(35$).
If that is what sb meant by assambly refund then my refund is correct.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Thanks Steamboat, for making the best of a crappy situation.

jml25

newbie

Activity: 40

Merit: 0

Quote from: dmcdad on February 04, 2014, 10:00:55 PM

Okay, based on my calculation SB did peg the refund at an exchange rate of $123.50. If I multiply $123.50 by my proposed BTC refund amount I get a nice even dollar+cents amount.

I then subtract out shipping and hosting fees (100% refunded) AND I subtract out the $10/board extra I paid for fully assembled units [vs DIY kit] (100% refunded). You then divide the remaining balance by the number of boards and get $15 which is 25% of the $60 assembly cost.

It wasn't calculated exactly how I guessed it might be originally, but I was able to make the calculation make sense and match his last post outlining the refund details.

What this leaves still on the table, as mentioned by SB in the email, are the components ($35 PCB and $28.50 DIY kit/fan). Perhaps SB will be able to use those and we will get a bit more back at some (likely very distant) future date. I'm not counting on getting anything really, but it would be nice.

Regardless, if the proposed refund does actually occur, then I think the refund is equitable given the shitty circumstances. SB pegging the exchange rate at $123.50 is generous IMO and goes a long way to making up for the refund process dragging on for months. I don't see how this refund is occurring without SB dipping into his own wallet.

I kind of always figured the delay was due to him mining like hell with his klondikes to get the money together to do refunds...my suspicion is after these there won't be much in his wallet but who can say?

dmcdad

sr. member

Activity: 302

Merit: 250

Quote from: Galli on February 04, 2014, 09:50:55 PM

Fully Assembled: $133.5 *25% = $33.75

It is 25% of the $60 assembly charge it looks like, so the $35 PCB + components aren't factored into the refund. Maybe we'll get some back on those parts in the future, but I'm not counting on it.

Because you got fully assembled versus DIY kit, you do get a 100% refund of that assembly cost, which is $10 per board ($133.5-123.5).

So for those of us that did the fully assembled unit option, it comes out to $25 per board (25% of $60 + $10).

Then you get 100% refund for the shipping and the $15 setup fee for hosting if you chose hosting.

dmcdad

sr. member

Activity: 302

Merit: 250

Okay, based on my calculation SB did peg the refund at an exchange rate of $123.50. If I multiply $123.50 by my proposed BTC refund amount I get a nice even dollar+cents amount.

I then subtract out shipping and hosting fees (100% refunded) AND I subtract out the $10/board extra I paid for fully assembled units [vs DIY kit] (100% refunded). You then divide the remaining balance by the number of boards and get $15 which is 25% of the $60 assembly cost.

It wasn't calculated exactly how I guessed it might be originally, but I was able to make the calculation make sense and match his last post outlining the refund details.

What this leaves still on the table, as mentioned by SB in the email, are the components ($35 PCB and $28.50 DIY kit/fan). Perhaps SB will be able to use those and we will get a bit more back at some (likely very distant) future date. I'm not counting on getting anything really, but it would be nice.

Regardless, if the proposed refund does actually occur, then I think the refund is equitable given the shitty circumstances. SB pegging the exchange rate at $123.50 is generous IMO and goes a long way to making up for the refund process dragging on for months. I don't see how this refund is occurring without SB dipping into his own wallet.

Stringchains

member

Activity: 61

Merit: 10

Quote from: bigbeninlondon on February 04, 2014, 09:33:06 PM

The total must be some portion of the assembly fee if the conversion rate published (~118 IIRC). At that conversion, I calculate a $36.11 return for assembly + testing per unit. Is that what everyone else is seeing?

Yes, this sounds right. Steamboat says it would be 25% of the full amount as that is all he has left.

Quote from: steamboat on December 03, 2013, 03:44:11 AM

Assembly refunds:

Very little of the funds received remain to process refund requests. We understand our announcement of a 25% refund of assembly costs, and 100% of the shipping and hosting fees played a large part in our customer’s decision to request a refund.

Quote from: silicont on January 23, 2014, 11:37:00 PM

My notes from looong ago show:
$35 parts per board
$98.5 full assembly labor
======
$133.5 full assembly per board, at the quoted refund rate of btc@$126.61 = 1.05441908 BTC full assembly per board

Found the best summary of the promised refund from SB:
https://bitcointalksearch.org/topic/m.3808613

Galli

newbie

Activity: 50

Merit: 0

Numbers aren't adding up as I thought they would:

Fully Assembled: $133.5 *25% = $33.75
Hosting: $15 *100% = $15
Total/Unit = $48.75

Conversion $48.75/126.61 = .385041 per unit

I've received an offer for .315931 per unit

Thoughts?

paulthetafy

hero member

Activity: 820

Merit: 1000

I'm confused. I selected the hosted option so why am I receiving an email for an assembly refund? Do I still get my miners hosted after this if I accept the refund?

bigbeninlondon

hero member

Activity: 742

Merit: 500

Quote from: dmcdad on February 04, 2014, 09:29:47 PM

I just got an email from SB with the refund information. I'm verifying the total now.

The total must be some portion of the assembly fee if the conversion rate published (~118 IIRC). At that conversion, I calculate a $36.11 return for assembly + testing per unit. Is that what everyone else is seeing?

jml25

newbie

Activity: 40

Merit: 0

I just got an email asking for verification of the btc address to send the refund to. Still reading but appears to be another step in the correct direction.

I have not checked all the percentages and such yet but looks right (I had 3 units with full assembly and testing and the refund quoted is 1.13 btc.)

dmcdad

sr. member

Activity: 302

Merit: 250

I just got an email from SB with the refund information. I'm verifying the total now.

professorY

sr. member

Activity: 364

Merit: 250

I seriously doubt that he's still reading this forum.

Crindon

sr. member

Activity: 434

Merit: 250

Steamboat, any news? I still have not received the refund email which was due last week. What's causing these delays? I am growing impatient.

cardcomm

sr. member

Activity: 294

Merit: 250

Quote from: KyrosKrane on February 04, 2014, 12:44:31 PM

Quote from: ?? on ??

by the end of this week (1/7/2014)

I assume you actually meant Feb. 7? Or is this from last month?

Ack! Thanks for noticing my typo. Fixed and re-signed.

KyrosKrane

sr. member

Activity: 295

Merit: 250

Quote from: ?? on ??

by the end of this week (1/7/2014)

I assume you actually meant Feb. 7? Or is this from last month?

Kapz786

hero member

Activity: 697

Merit: 503

Clearly delay tactics - those member's on this thread that have his contact details and keep defending him the time is up - pass on that information to us here and we as a group will put our case forward

Phrozenwind

newbie

Activity: 13

Merit: 0

Still waiting on that update from last week Steamboat....

alfabitcoin

sr. member

Activity: 476

Merit: 250

Run, run, run, run
You better make your face up in
Your favourite disguise
With your button down lips and your
Roller blind eyes
With your empty smile
And your hungry heart
Feel the bile rising from your guilty past
With your nerves in tatters
When the cockleshell shatters
And the hammers batter
Down the door
You better run

Run, run, run, run [repeat line four times]
You better run all day
And run all night
And keep your dirty feelings
Deep inside. And if your
Takin' your girlfriend
Out tonight
You better park the car
Well out of sight
'Cos if they catch you in the back seat
Trying to pick her locks
They're gonna send you back to mother
In a cardboard box
You better run

Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 7. (Read 423275 times)