Bitcoin Forum

Just received following email:
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Avalon ASIC    ASICs on time; Business done right.



Batch two shipping is proceeding as planned and at the time there are no additional delays of any kind.

We do however need to bring the site down within the next few hours to upgrade for trade-in orders. So if you are running into problems ordering chips and/or viewing orders please do not panic, we expect this update to finish by later tonight ( EST time. )

In addition, the only two official Avalon domains are avalon-asic.com and avalon-asics.com, there has been many phishing sites claiming to have Avalon Chips this is simply not true, the very first order of Chips ordered back in late April is expect to ship by early July.

It looks like the first batch of chips will beat Batch 3.  Ouch.  :o

Got this too.  So it looks like people who ordered the Chips early will be getting them soon.  Curious to know which of the DIYers will be showcasing working miners first.  Any guesses?

this is just great..  >:(

Avalon ASIC - ASICs on time; Business done right. ;D

A lot of batch #3 refund coming? :o

How are people reading this so wrong. The FIRST batch of chips. Ie the first 10k order, of what - 980k?

What I found in this mail are,
1. They insist batch#2 has no delay but I still have nothing. So I can prepare more smelly eggs and tomatoes to  throw at Avalon team guys if I cannot receive till July-1.
2. Batch#3 customers, although you ordered your machine half month before people ordered chips, you will get your machine later than these people. Therefore, go to hell! Batch#3 customers!

That may well do them a huge favour...

We will be first :) (working prototype (https://bitcointalk.org/index.php?topic=234173.0))

Kudos indeed!

ya , for batch 3 orders,  you better go for refund, if batch 2 is so late what would you think of batch 3? he not really planning
on running batch 3 and is easier to process refund than to built a complete unit. his focus is on the Next Gen XYZ Asic Chip.

So, the situation is after 2 months delay, batch#3 order customers got nothing and wasted their time. Come on! You would get interest if you put the money in bank. Avalon fucked all these customers and then lost nothing! Is it fair? Is it suitable for a business?

Seems like burnin is ahead right now.

I would say BKK and burnin are equal, just going at it from different directions. I think they will both be ready before mass chips arrive.. ;)

Pretty sure the first "batch" does not mean the first 10k, more like 200k. Fairly obvious with the demand that the 10k min was not the pass-through order size that was sent to manufacturer. Especially since they already stated that they did not need to use BTC from chip orders converted to USD to order from foundry.

No it's not at all suitable for business, or fair, but fact is Yifu stated at Bitcoin 2013, that none of BitSyncom are bothered about manufacture, or creating a business. They all prefer chip development, so it looks like Batch #3 was never a priority, that is reflected by their actions and recent statement. IMO Batch #3 should have been given a head start over the chip orders, but even when a batch #3 orders went live BitSyncom knew they planned to release bulk chips, even though you guys didn't, so you got screwed way back then, now is nothing different, only time has passed. You should have been given a chance to have first refusal of a transfer to equivalent pricing on the first batch of bulk chips at the very least...

I think the part that is toughest for the Batch 3 customers to get around, is that there are clone builders who paid less per GH and will be mining with Batch3 clones before official Batch 3 miners are shipped - and that it was those official batch3 sales which financed the chip sales/future development/new facilities/etc. 

At least Yifu has offered refunds now that they are financially stable, but I know of  a bunch of missed opportunities because of the quantity of BTC being held up.

Never a dull moment in the mining world.  ;D

True words, especially the bolded part. That sucks SO hard... And let's do not forget how the pricing for Batch #3 was decided: based on a 30 days ROI and an expected difficulty of 10 to 12 million...

Yes... if they had delivered with their original time estimates, everyone would have been very happy.  .

From Bitsyncom's perspective, getting the chips out on time keeps up with their "Asics on time; business done right" for potentially 1000s of customers (with pass through).  The full miners are maybe a couple hundred.  In Yifu's defense, I personally didn't expected the hash rate to merely double in that time window if Batch2 was going to go out the door at the same time.  Batch3 was the only credible game in town. I obviously had no idea about the chip sales were right on their heels.

You did not but Yifu did so there is nothing to be said in his defense, he deliberately screwed people there.

Well you know the old saying. Don't count your chickens before they are hatched. Yifu can say or promise anything. The proof is in the delivery.

I have to admit, there was every chance BFL would get their shit together and ship something, they had already proven their Jalepeno, by that point. Yifu's been lucky BFL have continued to faff around this long. hashrate was easily likely to double in this time, easily. Assuming otherwise is ignorance, not naivity.

business done right.... my ass!