Topic: Still have NOT RECIEVED Batch #2 Avalon DEMAND A RESPONSE! (Read 3012 times)

Will you be doing your little dance when it does??

I received tracking Tuesday, but figured that exercising patience would be better for my sanity, so I didn't even check. DHL sent an SMS notify before I took a chance to peek, and according to the DHL website, it seems that the unit is well on it's way. The shipping agents appear to have tightened up their logistics compared to reports in Batch 1, but I won't be getting too excited about apparent delivery, it needs to be actually at my home before I start celebrating.

Yes, please clarify

To clarify, you're saying that you received tracking from them today for this overdue unit?

My problem appears solved incidentally, and the delivery has been unusually fast, I expect the Avalon will arrive tomorrow or Friday judging by the tracking progress. At the least, the situation is out of Avalon's hands now.

Hire a professional?  Nobody knows, I bet.

How do I contact avalon, looks like I may be moving within a month or two, and If i don't get a response from them or the ability to change the address, I'm going to miss it completely.  This is just more stress to add the headache.  Yifu I demand a response!

Ya simple typo, guess I was thinking faster than I was typing.

Thanks for pointing it out, I have edited my post

It doesn't matter. At any price, at any time, 65 BTC is always worth more than 60 BTC. That's why the exchange rate never matters. Never.

In scenario 2, do you not want each BTC initially valued at $1?

So lets run some numbers.  Lets also use some easy numbers and assume a 100 times increase in exchange rate from time of purchase to time of sale of coins, sound good?

Scenario 1:
Customer has (or buys) 65 BTC each valued at $1.00 USD each.  This customer now places an order with a hardware manufacture and buys a xxx GH/s miner.  He has invested 65 BTC at $1.00 each for an initial investment of $65.00 USD.  Now when the miner is no longer profitable the total number of BTC the unit mined was 60 BTC but in the meantime BTC has increased in value 100 times and each coin is now worth $100.00 USD.  You sell all the coins and have in hand $6000 USD wow, awesome solid investment right?

Lets look at Scenario 2 to see how we would have faired just holding BTC
Customer has (or buys) 65 BTC each valued at $1.00 USD, initial investment is now $65.00.  At a certain time in the future (for arguments sake lets say the same amount of time it takes to mine 60 BTC with a miner you could have purchased) BTC increases in value 100 times and now is the time to sell.  Customer sells all 65 BTC at $100.00 USD and has in hand now $6500 USD.

Feel free to plug in any values (different, same, any old number at all it won't make a difference) for the exchange rate at the time of purchase and the time of sale.  Two chronologically separated exchange rates doesn't change the maths involved at all unfortunately.

It seems very strange to selectively scam different orders from the same customer, and not to do it on a customer basis instead. It doesn't seem like Avalon would have a sensible reason to do so, they appear to have delivered ~95% of units, as a rough guess from what I've picked up in the forum threads here. Even still, it's difficult to guess why they are not honouring all orders properly, so I can understand you're upset.  

I believe it's called selective scamming. If there is no delivery.

Don't get me wrong, I'm not quite as irate as some people, as I have batch 1 profits to soothe my anger. But still, it's pretty poor business practice to exercise random non-deliveries to customers, I really don't understand it. 

The FAQ didn't say anything about that being the return you should make... that is just the formula they use to set the price.   

From launch.avalon-asic.com:

"How is each batch’s unit price determined?

The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details."

That sounds reasonable. Now where is my unit! 75 BTC in 30 days is no longer possible.

BitSyncom LLC

• Phone: 01.347.370.9069
• E-mail: [email protected]
• http://www.avalon-asic.com

BTC<>$$$ is the roll of the dice,  picking a miner maker and if/when they deliver vs their price is the odds of the bet

if you can't figure out the odds of the bet, you are making a blind bet.  Sadly most bets here are blind except ASICminer so of course they have the lowest odds of all the bets. (they are a pretty sure thing on getting the miner delivered on time, but high price)

the exchange rate is out of your control, stop using that as a basis on the bet. Not getting the miner in a reasonable timeframe is what needs to be addressed.  Losing the production of btc regardless of the exchange rate is what matters.


tl:dr - don't confuse luck in determing bad and good bets

There is a phone number in bitsyncom New York office. Its in newsletter what you receive on email.

edit
BitSyncom LLC

• Phone: 01.347.370.9069
• E-mail: [email protected]
• http://www.avalon-asic.com

Someone did post his mobile number (US) in a thread 2-3 weeks ago. Doubt it's still the same after that.

It was a similar complaints thread about batch #1, #2 or #3. I think it was Wayne Chang's thread...

Does anyone have any other ways to contact yifu besides PM and claims?  Please let me know.

No, you only need one exchange rate. The one at the time of purchase. If you paid in BTC for your gear, you don't even need that.
At every point in time, having 65 BTC is better than having 60 BTC. If the exchange rate goes up and you choose to have 60 BTC, you are worse off than if you had chosen to have 65 BTC.

If you bought 10 BTC over the counter for $10,000 when MtGox was trading BTC at $100 each. then held the BTC until they were each worth $1001, then sold them, did you win? Should you be happy with that investment? Would you repeat it in the future?

I think that difficulty is a easier to predict then btc/usd exchange and thus ROI/profit in usd. But its not over untill miner actually exchange mined btc to other currency  

Hope to OP get his unit fast!

The point you're missing is the fact there needs to be two chronologically separated exchange rates for this

^^This

Well, prices are shown in btc but calculated in dollars on current exchange rate. Avalon mine btc, but you can buy something only with btc where dollars are precalculated into bitcoin, just another way of paying.
You want to make money in btc? Well, for that btc must be exclusive paymant without connection to the any other currency! That is not the case today, maybe in future.
Those who question ROI have a goal of having profit in any currency has one perspective. Those who doesn't, who only what to mine coins and to hoard them, they have another perspective.

At what point is the main goal ever about making money in dollars??!

Would you be able to point out at what USD/BTC exchange rate it will net you more profit to mine say 60 BTC from a piece of hardware that cost 65 BTC to purchase than it would to just hold onto the 65 BTC?

You are right in one way, but forgeting the main goal e.g. making money in $. Finally, all is about dollars and btc price exchange. Market fallow btc/$ exchange. So, usd comparasions are viable IMO.

I find the USD comparisons tiresome.

It is a machine that was bought with BTC.  It produces BTC.  If they bought it for 65BTC (if the xchg rate ~23 at the time...seems right), they would want it to return 65+BTC. That is the ROI in question.  Otherwise they could have just taken their USD and bought BTC directly with it and made a better return (of BTC).

Now the trade-in folks are actually paying ~17BTC... and those guys still have a long wait before their ROI is in jeopardy.

How can you miss ROI on a $2k unit...

reading this ... im shocked ... i was thinking avalon is a top quality company, i feel sorry for you guys , u missed a lot of BTC, maybe even ROI for batch #2 .. scary ..

despite being a happy batch 1 customer, I'm also missing my Batch 2 order, and have totally run out of patience. Batch 1 was no problem, arrived more or less when expected. Batch 2 went very wrong, no order #, no order represented on the store, zilch. The fact that batch 3 customers are now receiving theirs is making me pretty pissed: I paid on February 2nd.

I'm aware this is not the best place, but it's better than nothign which seems to be my only option at the moment.  If they continue to ignore me I'll have to find a lawyer as well. This it out of hand.  I feel it is fair to publicly SHAME them as well for such terrible communication.

This is a terrible place to contact them.  Just like everywhere else.

Tickets are ignored.  PMs are ignored.  Emails are ignored.  Even phone calls are ignored.

The next step for me is a certified letter from my lawyer to their registered agent.

Really?

I believe it is quite good. As far as I know in many situation only way to get Yifu attention, is to publicly show that Avalon business is not much better then BFL...

Is this the best place for you to get an answer?

Bump for visibility

To  this date I still have not recieved a response from Yifu despite providing evidence of purchase and even a walletbit confirmation.

At this point I am pissed and DEMAND a resonponse from YIFU.

I am posting on this subforum for visibility as my Newbie one has been ignored.

Here is my thread detailing more info.  I provide the Transacation and Signature proving I sent the bitcoins.

https://bitcointalksearch.org/topic/m.2764332