Terrahash promised to ship boards within two weeks of receiving Avalon chips, so the clock really doesn't start ticking and they haven't broken any promises unless they don't ship within two weeks of receiving the chips.
Ok, I will no longer have vested interest here soon, so I have no reason to bite my tongue or give Terrahash the benefit of the doubt. Uh, no broken promises? Ok, lets reflect:
We will be canceling at 6pm today, all wire-transfer orders placed on Tuesday, for which we don't receive a wire by today evening. Only in very rare cases (mostly where the wire is coming from out of the country) we will restore orders if the wire comes in on Monday or Tuesday. All other wires coming next week will be returned. We also won't change shipping address and/or email addresses associated with an account (except for rare cases). We will compile all the order data during the weekend, and on Monday we will send out an email to all the customers letting them know whether their order falls within the first batch of 20,000 chips or the 2nd batch.
The largest order we have is 2 DX Larges.
We will send an email day after tomorrow to everyone know where they stand.
We will be doing FCFS with orders that have been paid by yesterday. The 2-3 days waiting period is only for the orders paid with Bank Transfer.
We have 20K chips. We will be ordering more today. Avalon will be making chips in bulk. We believe chips ordered today will be shipped at most a couple weeks after the ones ordered in April, not 2 months.
We will send an email day after tomorrow to let you know whether your order falls within first batch or not, and when can you expect it to be shipped. You can then cancel your order or choose to keep it.
Are you providing software along with assembled boards? Assembled boards are nice, but if there is no software to run it, there is no point in assembling it.
Yes, BkkCoins is working on the cgminer driver, we'll be contributing as well.Are you going to donate some boards to software developers for them to write it (Bkkcoins, Ckolivas, etc)...
BkkCoins is getting a royalty fee for every board we sell.
I assure you, we are doing the business on minimum margins, and will actually be providing a great alternative to DIY assemblers. Putting those chips on the boards manually is next to impossible, and getting it done from an SMT facility is very expensive if done in small quantity. Our purpose is to not wrestle the control out of your hands at all.
1. We are publicly committing here that any information we get from the testing/debugging the circuit, we will submit it back here on this forum, and to BkkCoins so that he could update his designs. Any changes we make to the circuit will also be submitted back.
2. We won't be using any proprietary code. We will be licensing the code from you. If we do make any changes, we will release them to public. We are committed to pay a royalty fee for every board we sell to you.
We actually have the resources to design our own circuit, but we wanted to help the open source initiative by expanding it further. I have offered my help for the firmware in the past as well, but wasn't replied to.
And finally... They took the money, according to their words, it could now be classified as a scam. I still think they can pull it off, but you cannot take that much money as payment and then go dark.
And I am not even gonna comment on every single person trying to label us as a "scam". How can we be a scam when we are not even asking for any money? In the last 2 days, we have received a request to accept pre-orders from at least 150 people, offering to buy around 10000 BTC worth of our products in total. If we were a scam we would have happily taken that money.