Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 99. (Read 423279 times)

As those who keep saying he did nothing to deserve his markup, everyone does know he organized this whole group buy, terms, etc. etc. Seeing that he only is taking 5% reflects that he is not charging his full fee % given that he does not have to finalize those orders.

I've stated this before, and will again. If your willing to invest money in such a changing environment (BTC in general asics even more since there so new) don't get your self overwound when things don't go your way.

Everyone bought into ASICs in general because people think by doing so, you could Triple (If not 10x+) your money in a few months time (early adopters of Avalon for example). Now that difficulty is going so high, and delays keep happening, people aren't happy with their "Risk" anymore.

Relax yourselves

In the next Year, there will be Several ASIC providers , with various board designs. Each iteration will hash a multiple of what was released previously, with more hash/s and less Watts used. In other words, this market will change rapidly. You can't b*tch because someone else got that 2014 Corvette, when you only have a 2013 Corvette. Be glad you even know about Bitcoin and are involved so early!!!


[/rant]


Kosta

Other groupbuys are not this group buy.  You agreed to terms of service.  If you did not like the terms, why didn't YOU participate in THEIR group buys instead of this one?

Wahh!  They got ice cream!  I want ice cream!

Quit your bitching.  Things are looking up for those who want refunds.

Another 5%?  What the fuck are you smoking?  He's refunding 95% of your purchase price.  That's 100% of the chip cost PLUS around 50% of his surcharge.  That means he's ONLY keeping 50% of his surcharge, or around 5% of your total cost.  How can you be a miner and be this bad at math?  Maybe a mutual fund would be better for you, no?

Show me any other investment opportunity where you get 95% of your money back when it goes south.

problem with assembly is he will have had to order the parts a while ago, and pay for the pick/place setup etc etc...

I dont expect there will be a full refund on assembly....and as Im batch 1, with assembly my chances of any refund are slim...
So ill wait for my board and either mine it or ebay (or both)

I have also expected that steamboat will keep his original fee (10%) and I would not mind at all. He has clearly spent a lot of time and effort so 5% is more then fair.

As for assambly refunds we are expexting steamboat other update... his assambly service is funded after all with customers money and not his and should be refundable when work did not taken place, for whatever reason, so buyers should have something to say about it.

Even so, I am strongly consider to get those klondike deliver and start to hash. Life is short and not all is in the money!

edit
And I would like that LSD inc stay in business and offer mining hardware in the future!

Pretty sure they are separated.  Steamboat charged a 10% fee for his services.  He felt his services were worth 10%.  He has provided his services.  His services were to organize a group buy and deliver chips.  He has fulfilled his side of the bargain thus far and is entitled to some compensation for tracking the chip purchases and dealing with everyone's bullshit.  95% of your cost is being refunded to you in direct contradiction of the stated terms that you agreed to.  The assembly service is separate and is being treated as such.

Fuck I hate most of you people.  I think I'm going to comb through these threads when I get some time and ignore all of the people who can't read, can't do math, and can't control their tempers.  There should be a bitcointalk for grown ups; this has turned into the kiddie table.

 So ask for a refund, and get back 95% of your money. You agreed to a 10% purchasing fee. What's the problem here considering Steamboat is trying to make the best out of a situation that is literally beyond his control ?

Frankly, I'm surprised SB has put up with this much trashing. If I were him, I would make use of the "refusal of service" provision in his terms. Good lord, a few more days and someone would have likely called the FL Attorney General or worse. I don't know if money or the prospect of it brings out the worst in people or if these forums are full of cranky teenagers or what, but PLEASE give SB the benefit of the doubt. He has continually posted substantial weekly/bi-monthly updates and has demonstrated a deep (rather unwarranted, IMHO) commitment to this community and his customers.

5% is generous, I expected the full 9% to be non-refundable, since the terms of the sale state that the ENTIRE purchase is non-refundable. The two operations (chips and assembly) are intertwined because of Yifu's terms (that he has now broken).

I'm going forward with my 50-chip w/assembly purchase. I do have 2 extra chips that I would like to do something with, assuming I don't have a dud. I think that ROI will not be met, but it was never guaranteed. I'm hoping some of the other projects are delayed (probable, given history) and I will recoup approximately three quarters of my costs.

As for refunding the assembly costs... I understood these to be non-refundable as well (it was explicitly stated and implicitly understood.) It's hard to expect SB to now completely change his business model because of Yifu's reversal on refunds. He needed the assembly money to establish the processes to make the assembly house work. Refunds from this would likely drive up costs or bankrupt SB.

Breathe. Relax. There are better things to do than troll this thread because you (may have) made a bad investment in Avalon.

Yeah, was a post like this:
Avalon ASIC chip Refund Form
Your response has been recorded.

When successfully submitted. (no email).

Anyone get a answer/verification, from refund request?

You don't do maths so good.

If 100% = .078 per chip from Yifu, then .086 ~= 110%.  If we get back .081 per chip, we're getting back 104% of the chip cost, or 95% of our final cost.

Where do you get 15%?

Don't reply.

Have another question.
On what email we should reply refund request? On his personal what is accident or original e-mail where we sent all purchase details, or maybe both just to be sure.

It could not be put simpler than this. If we get back more than the bitsyncom price. How can steamboat then charge us above that?
Its 5% his charges. nothing more..

incredible how simple math is so difficult for a lot of people in this room.
there will be a 5% markup only, not 10% as previously agreed. Well done steamboat.
I managed to submit the refund form, i hope i did it correctly.
Will look further for posts from you following this matter.
Thanks.

No, we don't agree. ik2013's approach is correct.

The original price of the chips from Bitsyncom is 0.078, if you refund you get back 0.0817 so clearly steamboat is paying back some of his 10% markup. To be precise, around 47.4% of his markup, or as close as makes no difference to "half of the original 10%".

We have a difference of perspective then. I see 95% of purchase price refunded (where the 5% went we don't know for sure). You see this missing 5% as an additional charge. Sorry for the snark because your point is valid. Just too hyped up about this right now, the atmosphere in here has gotten ugly. Should probably be in bed... 

…and 10% + 5% = 15% total markup.

I’m not saying it’s profit. I’m not making any value judgements - I’ve read the whole thread, I know work is being done. I think SB is being generous. I’m just saying it’s a total overhead of 15%, 5% of which is not incurred if you don’t cancel your order.

We do agree that he is not refunding half of the original 10% as some have suggested, right?

Exactly.. Anger and a will to write it out loud is clouding some peoples judgements.. Even him taking the full 9.9% i would agree on.
However, he is not the best communicator and he should have someone working on the forums, which is his ONLY point of sales.