@Yifu/Bitsyncom please dont hold back the chip shipment because of b3 miners...

tiros

full member

Activity: 126

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Just another miner

Quote from: eve on August 05, 2013, 05:10:03 AM

Quote from: Tursk on August 05, 2013, 03:18:24 AM

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

Clearly you dislike reading and gathering information's before you post. Guess who opened this thread.

btw I would like to know how many of us are able to buy 10K of chips for our own needs and where such an action would left you. Probably dreaming how you could get rich only if you had 780 BTC in your wallet.

bitcoiner49er

sr. member

Activity: 457

Merit: 250

I can't really be surprised. I mean Yifu, Josh, even Friedcat are producing bitcoin/money-printing machines. Should I be surprised that the temptation of making more BTC overwhelms them? Yes and no. Honestly it just speaks to Friedcat's integrity more than anything (at least so far). Yes their prices are high, but when he promises delivery, it happens. The same cannot be said about BFL and Avalon.
I would agree with the poster who mentioned that it's easy to stand back and tell everyone that took a chance with Avalon chips, that it was easy to predict. Well thanks for advice; after the fact. In fact, I was more worried about choosing the right assembler, more than the chips. Lesson learned, and I anticipate it will continue for the life of ASIC mining.
Before recently, it was CPU or GPU mining. Products made by companies who were not involved in mining. The products were available and you could buy or not buy as you wanted. Enter the world of ASICs and now we have miners built by people who know what they do and the fact that making your own increases your wealth. So IF you sell, you are adding to the difficulty of mining and creating competition for yourself. It will be rare for an ASIC company that delivers straight forward communication and product.

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: Bitcoinorama on August 05, 2013, 06:01:47 AM

It's FUD. It was released on a Sunday night with a shill twitter account and a two day old site with a dodgy landing page.

Some journalists have been contacted direct and some have run with what they saw. None did any background as it was late in a Sunday night and they couldn't confirm, but the snowball produced by the hoaxer had gathered enough momentum by that point.

Good judgement, congrats:

Quote

Update – Aug 5, 12:58 PM GMT : CNBC just reported that Joe Lewis denied the WSJ story cited below. More details as they develop.

Source:
http://thegenesisblock.com/billionaire-investor-and-samsung-lead-cpu-architect-bet-on-bitcoin-mining/
Scroll down a bit to the article about the Avalon.

alchimista

full member

Activity: 154

Merit: 100

ars longa, vita brevis

Really, i don't care about group-buyers making money, or ROI for my chip order.

But i care about the way Yifu/BytSynCom relates to his customers.
It's a shame that when one of the TOS is broken by the company, we don't get an announcement explaining the reasons of the shipping being late, or at least a public excuse.

He could at least say what's going on, just like:

1. We are holding the chips because asicminer gave us money to do this, so he can get enough time to organize his hashrate

2. The chips are at the frontier because chinese government seized all of them

3. Some bankers took all of our chips to make 51% attack so they don't have to make lower fees for transactions

4. All of our chips are broken because Yifu tried to swim in a pool full of them like Scrooge McDuck

5. ALIENS

Stack

full member

Activity: 238

Merit: 100

Please stop flaming the group buyers. without them, there'd be absolutely no opportunity for entry-level investment

If you're against group buys.. go raise the cash to place your own complete order... and if.. in the likely chance that you can't... well.. there's always BFL... think your chances are better over there?

the group buyers gave us an opportunity, it was still always up to the individual to assess the risks of the chips being late or undelivered. And as has been said... it was a proven chip that's been produced before.. it had a definitive deadline... there were no signs that they were about to fall off the planet like this... there were issues with sample chip delivery.. but inevitably they still reached the developers who needed them... so things kept moving forward... willing to bet anyone claiming to have seen this coming would've been the same people complaining that they missed out on all the DIY Asic opportunities had all gone to plan.

/end rant

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: BitCsByBit on August 05, 2013, 05:47:01 AM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

If this is true, everyone with chip orders should be first in line and receive a free upgrade to the upcoming 20nm chip quoted in the article. Wouldn't that be nice Wink

It's FUD. It was released on a Sunday night with a shill twitter account and a two day old site with a dodgy landing page.

Some journalists have been contacted direct and some have run with what they saw. None did any background as it was late in a Sunday night and they couldn't confirm, but the snowball produced by the hoaxer had gathered enough momentum by that point.

Surprised by the WSJ though. Andrew Laurus does not exist and for the record w.r.t the first article, Kim Dotcom doesn't follow him on the pseudo Twitter account, he follows Kim Dotcom on a shill twitter account that resembles a 15-year olds outbursts...

https://www.twitter.com/frankieterrier

Last time someone woke 'Yifu in the middle of the night' because of FUD he came on this forum to put the record straight. Someone with wayy too much time on their hands is clearly trying to elicit some/any response from Yifu so he steps out into the open at a time he's ignoring a lot of requests to do so...

SebastianJu

legendary

Activity: 2674

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Legendary Escrow Service - Tip Jar in Profile

A factor till now no one spoke about is that Yifu wanted to help bitcoin. So he offered the chips, released the specs and many people invested time and money to make a business out of it. See a incomplete list in my signature. They created miners, they made contracts, created shops and now Yifu kills them slowly, their business and their investments. I mean the more he waits the less miners will be bought or created since at some point its not worth anymore to create or buy a miner. The profitability is sinking everyday and so the profit/demand. So all this work involved to help bitcoins now slowly goes to waste only because he dont start shipping the chips.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: eve on August 05, 2013, 05:10:03 AM

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

You realize that iam one of those organizers and i opened this thread? But if you say i dont do anything would you please kindly inform me what i can do? I tried calling yifu for days 2-4 times each hour. He wont answer! The same goes for tickets and emails. So what do you think what can i do?

Quote from: pikeadz on August 04, 2013, 09:41:18 PM

5 weeks is nothing. Par for the course is 4-5 month wait for batch 2 and 3 Avalons. What's that you say? These are chips and shouldn't take as long to ship? That's what we all said with Batches 2 and 3: "Oh they already have a supply chain, manufacturing and shipping process in place, they'll ship these out faster than batch 1." Nope. You will wait like the rest of us did, and it sucks. But that's Avalon for you. Just be patient.

5 weeks is nothing? In one month you lose around 50% of your income you would have mined. See http://mining.thegenesisblock.com/ So dont tell me thats nothing. The difficulty now is rising way way faster than it was some months ago. 62% higher difficulty each month.

And regarding the chip delivery. You dont see a difference in miners and chips? Then what problems can you imagine that would delay the chips? We know he ordered 10 weeks ago at the foundry, we know he got already huge amounts of chips but... we dont get them. What problems do you think can appear?

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

If this is true, everyone with chip orders should be first in line and receive a free upgrade to the upcoming 20nm chip quoted in the article. Wouldn't that be nice Wink

alchimista

full member

Activity: 154

Merit: 100

ars longa, vita brevis

Quote from: eve on August 05, 2013, 05:10:03 AM

Quote from: Tursk on August 05, 2013, 03:18:24 AM

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

+1
Really, should have bought KnCminer.

eve

full member

Activity: 210

Merit: 100

Quote from: Tursk on August 05, 2013, 03:18:24 AM

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

Sophokles

hero member

Activity: 1232

Merit: 516

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

link/reference please?

Tursk

member

Activity: 92

Merit: 10

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

erk

hero member

Activity: 826

Merit: 500

Quote from: Ytterbium on August 05, 2013, 01:57:22 AM

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

It's highly unlikely that the WSJ would make that mistake.

Especially since they seem to know about the 20nm TSMC deal.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: iikun on August 04, 2013, 10:08:31 PM

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

It's highly unlikely that the WSJ would make that mistake.

iikun

legendary

Activity: 1062

Merit: 1003

Quote from: Ytterbium on August 04, 2013, 10:01:44 PM

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

Ytterbium

full member

Activity: 238

Merit: 100

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed Grin

pikeadz

full member

Activity: 238

Merit: 100

Quote from: eve on August 04, 2013, 09:02:38 PM

The chip are shitty late, over 5 weeks late is not Acceptable. Next Time Don't Buy Anything from Avalon Group Buy or Directly. The middlemen who already make their money back from selling the chips will not accept responsibility.

5 weeks is nothing. Par for the course is 4-5 month wait for batch 2 and 3 Avalons. What's that you say? These are chips and shouldn't take as long to ship? That's what we all said with Batches 2 and 3: "Oh they already have a supply chain, manufacturing and shipping process in place, they'll ship these out faster than batch 1." Nope. You will wait like the rest of us did, and it sucks. But that's Avalon for you. Just be patient.

iikun

legendary

Activity: 1062

Merit: 1003

Quote from: tiros on August 04, 2013, 04:07:15 PM

AVALON Chips TOS
http://store.avalon-asics.com/?page_id=9605

The no bullshit, no fine print terms of sale

1. the only payment accepted is Bitcoin.
2. these chips will be available until at least end of the year, 2013.
3. spec and various information is available on the wiki
4. the chips being sold are packaged and tested.
5. the lead time on the chips is 9 to 10 weeks, OK, this means at least 9, and at most 10 weeks. Do your stuff, we did ours and our chips didn't arrive for a reason you didn't send them.
6. made to order from TSMC foundry, this also means no refunds.
7. the order quantity is 10,000 chips.
8. the chips are identical to those in the Avalon units.
9. communication protocol, reference board design can be found on github.
10. everything will be open source from FPGA to PCB design..
11. 30 sample chips will be provided 4 weeks into ordering per 10,000 chips. And how many samples we got?
12. we do not offer technical support of any kind, this is final. That is crystal clear, what we want isn't technical support but reply on why deliveries are late and when you plan to ship the chips we paid. Apologies are welcome for braking your own terms of sales in spirit of good business practice and regaining the trust from your customers.
13. if you do not know what to do with the reference design / packaged chips, please do not purchase. But we do thanks to you and DIY community. Please send our chips and abide by your own rules.

+1
I would even generously allow them an extra week for packaging & shipment prep but not even a peep as to why they are late or when they will be delivered is ridiculous. At least they explained the situation with their production line for B2 & B3, you'd think it would be a no brainer to send a 5 line email explaining things so that people didn't spam his phone & call him all hours of the night

eve

full member

Activity: 210

Merit: 100

The chip are shitty late, over 5 weeks late is not Acceptable. Next Time Don't Buy Anything from Avalon Group Buy or Directly. The middlemen who already make their money back from selling the chips will not accept responsibility.

Topic: @Yifu/Bitsyncom please dont hold back the chip shipment because of b3 miners... (Read 9957 times)