Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 89. (Read 423279 times)

Appreciate the updates, I think some of the duplicate requests may have stemmed from users with a different sending address for a subsequent chip order in the same batch. On the refund form, it allowed for different transaction IDs, but one single sending address (which makes sense since it needs to be signed), so an additional signed form was sent.

Thank you for coming through for the community, will be looking forward to updated instructions.

Uh, because some people still want to mine with them.

Steamboat,
Is there a way to paint over or cover up the Avalon logo on the K16s? I'm not sure I'll be able to look at the A without vomiting.

Also, will the possibility of utilizing 2 or 3 bank K16s (8 or 12 chips, respectively) be entertained? thereby letting K16 owners refund a quarter or half of their chips while having something tangible to recoup some losses. Since 2-bank K16s are proven to work and chips may arrive at any moment, a decision on this now would be helpful for batch 1 customers.

Thanks for you hard work. I wish it worked out better than this for all of our sake. Yifu is a fucking clown.

Why are we not pursing a full refund for all batches? It's clear this deal is dead,why not cut our losses and get the f!@# out of this awful situation?

Steamboat,

Demand a full refund for all batches and hold the bitcoin in escrow while the refund process is cleared up.  Any customer who doesn't submit a refund request within 12-months from now should lose their coins.  Keeping the option open for delivery of chips does not benefit anyone but Yifu and yourself!!!!

I hope I'm really wrong, but I have an awful feeling in my gut like we may see October Bitfury shipments before these K16's materialize; through no fault of Steamboat, but for lack of 110nm chip deliveries.

What's taking so long to ship out those 400,000 chips Yifu is sitting on ?

Thanks for the belated reply.

I'm walking from this and will take my chip/freight/assembly/parts refund as presented in the email.

Out of principle I want nothing to do with Avalon, regardless of what product they offer in the future.

Read below; look for my emphasis


So:

Steamboat ends up pursuing a second gen board:
You choose to stick it out: you are credited with the full cost of parts and a heavy discount on any additional work that needs done
You choose not to stick it out: you will be given a 25% refund NOW, plus once boards are produced, a full credit for all of your parts, or the actual parts shipped to you.

Steamboat ends up NOT pursuing a second gen board:
You receive 25% refund from assembly plus parts shipped to you.


That's the way I read it.

Refund requested for Batch 6 chips.

Somewhat interested in keeping assembly for future gen chips, or another chip brand, etc...

That's only if they aren't able to reuse the parts in another miner...

Yeah this is what I'm wondering about too.

I don't think this is the case.  I believe if you get the 25% refund, the parts will also be sent to you.

Yeah, kind of insane that there is as steamboat said a "TON" of parts -- that apparently he is keeping, that you paid for.

If you do nothing at this point, you may be moved to an earlier batch, taking the place of others that wanted refunds.  Your miner will be processed using 110nm chips and sent to you as planned.  No one is being forced to take a refund or wait for gen2 chips.


Appears accurate


I believe this is true but I don't know if steamboat has addressed assembly only with no chip purchases.



You would also receive the parts that you paid for when you paid for assembly.  The idea is you could resell them and potentially recoup some additional investment.

Not everyone in later batches wants a refund. I was under the (hopefully correct) impression that people from earlier batches could be included in the 10,000 chips required for each refunded batch.

and im in batch 1 so no point in asking for a refund...chances of batch 1's getting it are about 0.1%

If you do nothing, You will be moved into an earlier batch (since your batch has been refunded) and you will eventually get a working miner with Gen1 Avalon chips.

I am in batch 6 and never received an e-mail about a refund.

I'm a little confused about what is happening right now.  At this point are there any plans to manufacture functioning 110nm gen I Avalon based Fusion 16's with chips ordered through Steamboat's group buy, or is the original Fusion 16 assembly only for people supplying their own gen 1 Avalon chips, that paid for assembly only?  I have purchased 32 batch 6 chips through the group buy and assembly for two fully tested units.

If I read it correctly it sounds like I have four options:

Option 1:  If I do nothing at this point, am I to assume that all Avalon gen 1 chip orders are going to be refunded to Steamboat, who will then use those funds to proceed with a different chip design?  This next chip may or may not be gen 2 55nm Avalon chips purchased at a reduced rate?  If gen 2 55nm Avalon chips are chosen this option may entail additional charges due to the unknown price, unknown amount of the discount, and unknown level of rework required for board design.

Option 2:  I request a chip refund from Steamboat for 95% of the BTC purchase price.  I then wait for a new chip to be selected and the K16 board to be retrofitted.  I will then have to purchase the new chips and my assembly payment will be credited towards a renegotiated per unit rate.

Option 3:  I request a chip refund from Steamboat for 95% of the BTC purchase price.  I can then receive a Fusion 16 that is complete besides the lack of functioning chips.

Option 4:  I request a complete refund from Steamboat for 95% of the BTC purchase price and 25% of assembly price.

If my above assumptions are generally true, I would probably favor option 1.  We have all been led to believe the gen 2 Avalon chip would require the least amount of rework.  I don't really care about what is under the hood as long as I receive a functioning piece of hardware that has a fair chance of breaking even in the short run.  This is just a fun hobby for me.  I didn't bet the farm on a get rich quick scheme.  If I can break even after a year of mining I'll be happy.  heh..

Chad

Good point, but to be fair, separate confirmation requires more processing on Steamboat's side - he has to process hundreds of refunds manually. People will post on this thread once refunds start coming in - if you don't get yours and there has been no further communication from Steamboat, you should probably get in touch.

So here's the cost breakdown for my order (Batch 4) for each k16 (16 chips) which was paid on the 26th of June, (assuming $104.5 USD / BTC).

1.376 BTC = 16 Chips
1.278 BTC = 1 Board
0.765 BTC = Shipping ($79.95 priority international option)

And assuming that we only get 95% of the chip costs back and 25% of the assembly cost back it works out to be:

1.3072 BTC / 16 chips
0.3195 BTC / Board Assembly
0.765 Shipping

I actually ordered 3 k16's (48 chips) which cost me a total of 9.0196 BTC
If I opt in for the refund and the above is correct I'd get back 5.6451 BTC (37% loss on investment)

If a new chip is found to be useable on a modified k16 unit, would there be a further refund on parts which were purchased for this group buy, or a credit to those of us that stay the course?

Is there any way to determine whether our refund form was submitted correctly with the signed message... or... do we just blindly wait for a refund and hope it appears in our wallets?