Topic: Off-Topic - page 204. (Read 384417 times)

Ballers!

I think they are out in San Diego living it up on our money - Cristal, Mojitos, and high-dollar hookers.

It's monday 5pm and No email yet from terrahash regarding placement of queue or their testing.

The design needs to be debugged and a lot of debugging can be done with out any firmware at all. However they have the firmware that BkkCoins released and should be able to do a lot of testing. Also they said they have engineering types to help bring the design along. So I don't understand why we haven't been updated. Also there are people on this forum that could help with bring up.

Correct, totally, which is why the money is actually in solving the problem of consumer and retailer adoption, and not mining...as people are about to find out.

I've seen some people claim to not be doing it to make money, and not care if they make their initial purchase back; they say they're doing it to help the bitcoin network.  While I believe that's possible, and my motivation is split between helping bitcoin and making a little money, I'm cynical and given the rampant greed I see surrounding bitcoin I find it hard to believe someone's spending money on hardware solely for the good of bitcoin and doesn't care if they make their purchase money back

Of course, if that's true it's all doomed anyways.  If everyone is in it to make money and profit, eventually it will all go downhill.  The only reason people want bitcoins is either hoping they'll increase in value or to spend them.  Merchants only take bitcoin because they can get money from it (they have to pay their suppliers and most of the time that means fiat), and on and on.  If everyone or even a huge majority is all trying to profit, the only way to profit is for bitcoin value to go up and up.  If the majority of the bitcoin economy is speculation on rising value, it will drive itself to unsustainable heights and eventually burst.  A lot of people will get burned.
There needs to be a larger ecosystem of merchants and services accepting bitcoin, otherwise it's just a bunch of people trying to profit and that profit has to come from somewhere.  In this case it would be people buying bitcoins and they in turn are hoping someone comes along behind them and pays more so they can sell and get their profit, and on and on.

I just sent an email, as if that will help.

There is no excuse for their lack of communication, we should not have to be hunting them down, we deserve better then this.

Does anyone not fall into that category??   Seems foolish to not be looking for making at least their purchase price back. I am hoping to make at least 20-50% ROI above hardware/power costs. The judgement call to keep the order or cancel (or go with some other option) all depends on what the total hash rate and resulting difficulty look like at the time the chips have arrived, boards are fully done and tested, and devices shipped. I'd say if the box can't be mining by August then it's likely going to be not worth the investment.

Personally, if the difficulty is above 45M I am planning to cancel or maybe sell my order to someone who is willing to mine with longer than 3-5 month time-to-ROI.

Patiently awaiting updates on the K16 board (which appears to be moving along) and from TH....

 

Someone correct me if I am wrong, but I thought that even with the assembled board they were waiting on firmware to be able to test it?

If that is the case then what else do they have on their plate other than communicating with customers?

We were told we would hear something Friday as to our orders so we could decide whether to cancel. Then we were told "Monday" and we still don't have anything. I would like to know what the deal is. Perhaps they don't want to say that the first 3 chip orders aren't enough to fulfill the majority of the board orders. 

^true, but at least they would be communicating.

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Last Active: June 22, 2013, 10:04:02 PM

2 days ago, on the forum that may just keep them in business.

I am sick and tired of getting excuses, I want answers, this isn't a game, this is business.

Actually, while I can't speak for others, here is what it is for me:
1. it has nothing to do with my order is before yours or after yours, and it's not childish.  It has to do with am I in the first 10k chips, the 2nd 10k chips, or the 3rd 20k, or beyond?
This could mean quite a difference in when I might receive my product.  Yes, yes, TH said Bitsyncom said they're getting them bulk made blah blah.  Do you want to know what that is?  That's nothing.  Avalon has already shown their lack of willingness to be transparent and open. They've shown their lack of concern for their customers.  They've repeatedly blown deadlines.  Let's all assume for a moment that we can absolutely trust what TH says as the 100% truth.  No misleading, no half-truths, nothing.  That STILL doesn't mean what he was told by Avalon is worth the breath it took to say it.

2. TH came on here and made a firm statement that they would be cancelling orders (except in rare cases) on Friday, and gathering info over the weekend (not today), and sending us emails today to let us know where we fell.
There's PLENTY of history of asic companies making commitments they couldn't keep, setting expectations and then letting customers down, blowing deadlines and not communicating.  These are lessons that bloody well should have been learned by anyone paying any attention and should not be being repeated by a new company.  There's just no excuse for it.  I'm not saying that's what is happening here, but it's kinda iffy right now, and I'm looking for something to reassure me that's not starting to happen again here.

3. I think TH was a bit too aggressive with their 2 week after receiving chips we'll be shipping bit.  Knowing damn well that the board wasn't finalized, knowing the software wasn't done, making a commitment like that and saying oh if the chips are late that will delay us... but painting a picture that the chips would be the only thing... that's a bit misleading

4. I had already put in an order when I found out about the whole cloudhashing thing, and TH confirmed that what essentially happened was cloudhashing pulled out after TH had ordered the chips.  They had no choice but to take preorders in order to be able to refund cloudhashing.  That means some of our preorder money went to refund someone else.  While I'm sure it will all work out, I'm less than pleased that they were less than honest up front about it.
Their statement about pre-orders was due to demand to take preorders... they conveniently left out that they desperately needed money to not go under, and needed the preorders for that.  What would they do if everyone cancelled their orders?  someone would get screwed here, and I'm betting it's not cloudhashing.  I'm also sure that won't happen, but the fact is still they weren't honest about what was going on and why they were really taking preorders until well after the orders started and a ton of them placed and paid for.

Quite frankly, I don't think it's childish, unreasonable, or even asking a tiny bit too much to ask for some bloody communication in a timely fashion to assure those of us (all of us) with money on the line that we're not going to get 100% screwed here.

Thank you - that was my point - I don't need a single post in here if they actually blogged in their blog! 

TerraHash built a K16 board over a week ago that they were supposedly testing.
It would be nice if TerrHash would give us an update on the K16 board bring up. 
Way no updates for over a week?

That's actually all perfectly clear by reading just this thread.  So yes, I knew this already, and I'm guessing aznewsh did as well.  Not that that changes a thing about the order queue and the point of aznewsh's post.

EDIT:  I feel obliged to add that I'm not trying to start a fight.  Aznewsh's post struck a chord with me and I felt like responding in agreement.  I probably shouldn't have added the kindergarten comment though, as that was also childish.

Thank you for setting the record straight 

The order queue is not a childish bragging ground.  It is how we can grade how TH is coming along with filling our orders.  Once people in the order queue start receiving estimates and their actual orders people will start to get an idea on how long they can expect to wait until receiving their orders.  As far as TH "going quiet" I would much rather have them working on servicing and filling our orders than answering every random question here.  It think this is a good medium to announce updates and frequent questions but not customer specific questions.