Bitcoin Forum

All ASICMiner Erupter Blades sold in batches [B1, B2, B3, B3+] were promised free upgrades. B2-B3+ were promised new power modules and ethernet controllers. B1 more importantly were promised free upgrades of the entire blades. These new blades were meant to arrive pretty sharpish, although in a later PM friedcat then delayed that to 1-3 months from the start of June [Ie July to end of August].

This deadline has now passed, and the value of replacement blades has fallen to 10th of the price they were. It is also worth noting that every purchase in B1-3+ never made ROI, not even close. Only Friedcat made the millions.
https://bitcointalk.org/index.php?topic=282867


tldr: The point of this thread is to remind us that there is a current promise that has been left unfulfilled. Both B1 customers awaiting new blades, and B2-B3+ awaiting new power and ethernet boards are still waiting. For the man hailed as the king of in hand hardware, these unfulfilled preorder promises taste sour.




B1 winners awaiting new blades/alternatives
*I had purchased the rights of the replacement blade from Alex along with his B1 blade.

It's not a broken promise. I think friedcat decided to use the new board designs on their new chips instead. (Or, at least they didn't want to mass manufacture the boards until gen2 tapeout)

Regardless, as another person on that auction right along side you, I will make sure you receive one of these boards.

I don't believe its a broken promise either, but the compensation needs to be appropriate. For B1s I believe it should be something with 15-25btc MARKET value as that's what was reasonably expected. For B2-B3+, 3-5btc would be appropriate.

(In PM)

Hey we're all part of the first auction! Chest bump!

translation: "we will ship new blades once they're worthless". Would have rather had an old blade when they were worth something.

Pretty sure he'll give us multiple blades to make up for the time, it's only like 7 people.

+1 to dogie.
This is a sad day for the people who supported ASICMINER initially. I was part of the B3 auction who paid 50BTC / blade.
They never ROI'ed.

Even with the new price of 3.5Btc per blade for returning customers, these blades don't seem to ROI.
http://mining.thegenesisblock.com/a/d0775c4b7b

@Friedcat : When you replied to my PM earlier this week, i was expecting something better. You have let us down this time.
So much for taking our chances and vetting on ASICMINER
[/quote]

Did you actually believe at 10GH for 50BTC they would ever reach ROI? It was an auction not a sale. I paid 76 BTC because I wanted one of the first ones to be shipped as that meant a lot to me.

dear everyone

is anyone wishing to purchase some '3.5btc and to sell them to me.

if interested please pm me

thanks

76BTC in june !!!

OMG...what a assrape !!!

no ROI...never...
All in the Friedcat pocket (he love suckers miners )

What a joke...

Please wake up guys !
Don't be fooled like that...

Something went in my pockets too and im fine with that. Its simply offer and demand. If someone thought these boards will ROI then he didnt calculate. I always thought the buyers wanted to get ahold of this piece of history. Im wondering that someone now claims that they never get ROI.

Im sure friedcat simply forgot about this promise since he is busy. But i think too that he will keep it when he gives that promise.

it was april not june ;)

...guys the point isnt the original price. The point is he promised us all either total upgrades or partial upgrades - and hasn't delivered. These promises when purchased had a financial value, something that is dwindling to almost nothing.

The argument is if he made millions off these sales, he should at least keep to his promise.

First, sorry for the delay of delivery. Our design decision changed a lot during the last few months, resulting a unified new blade design which had also gone into many iterations.

The purchasers will all be fulfilled with new blades. And furthermore it won't be merely upgrades. They are extra.

I'm assuming by this you mean its not a trade in - it never was. The problem with just getting new blades now is they're worth (to us, and costs you) almost nothing. The promise assumed they would be worth 15-25 on delivery, NOT 2-4btc. That's 11-23 difference, small money for you, big money for us.

Of course we will bear the deprecation based on hashrate increase caused by our delay in mind. The later it is, the more hashrate it will be.

[/quote]

noone promised ROI within 3 months. that's just your personal assumption. in fact with so many participants how can anyone GUARANTEE roi without opening themselves up to horrible ramifications? you got what you ordered, on time. and you are complaining why? compared to other ASIC purchasers you should be grateful.  what AM has to do is deliver when promised what they promise and that's what they did

friedcat is honest so far. unlike sleaze balls yifu and bfl. you don't like his products or don't take his word seriously go send a message to yifu and let us know what he replies in a few months.
look, if you will receive or received what you were promised don't complain about the unfairness of the bitcoin environment. will all asic minining companies be responsible you get ROI? jeez - it's as if people don't understand the landscape. at least you got what you ordered on time (see BFL or Avalon if you want to know alternatives)

however, you all are perfectly fine for asking for whatever was promised to you -

What about for people that bought from your resellers like Teek? Will I ever see any sort of compensation or rebate for the blades that I paid $5750 a piece for?

Yes. Am not complaining. Am quoting the fact. As you said, we received what we were promised. But so did others who brought USB's at 2.00 BTC and 1 BTC. Then why offer them coupons and not compensate us (blade buyers) who invested many times more than them.

I agree with you and i have been a strong supporter of friedcat all through. Am a shareholder as well and continue to invest in ASICMINER.
But i just wanted to point out the flaw in the pricing strategy being employed offlate.

Then we kindly await future updates. As in the OP, this thread is more about a reminder with the community as witnesses than pitchforks and flaming torches.

The debate isn't about ROI, its that as part of the sales package we were promised upgrades which as of yet have yet to appear.

Do I understand correctly that purchasers of B1-B3 will be given extra unit?

Yes, we get the free USB stick by X-mas.

Nothing confirmed until its actually announced, but no.


No, thats just a lie

It's not a lie. It's an expectation.

Bump for new blades being announced. Rack of 10 seems fair for b1 ;) Not sure what to do for B2+ seeing as there are no new component boards. Free blade for those as well?

I like freebies. b2+ gets 1 and you get 10?, can't we make it an even 5-5 :P I sold my asicminer shares at 1.1 to buy in b2 only for it to kill me in the end. :/

B1 had the promise of replacement blades - when they were worth something. B2+ had replacement power delivery and ethernet cards, but obviously those don't exist any more. I've got 1*B1, 2*B2s and 2*B3+s.

Any update on the "extra's for the auctioned blades?

I anticipate something like 0.4 BTC coupon and a free usbminer (since he said it was going to be a free upgrade.) it would follow the trend.

https://www.youtube.com/watch?v=ZO7-QJGVdM4

I dunno why everyone is shocked that they wouldn't roi...those prices were always ridiculous.

Well the new blade design is released. The new blade doesnt have a seperate power and ethernet controller. I guess that means that b2 and b3 buysers wont receive new power and ethernet controllers. (because they havent been upgraded and do no longer exist)

I am aware of that, hence I proposed an alternative.

Auto ignore, congrats.

New blades are sold and still no update on this for batch 1-3 buyers.

Boo :(

some people just shouldnt be allowed to buy mining equipment... if you dont understand how it works... keep sitting on the sidelines please...   ASICMINER  delivers in a timely manner,  and the products do what they say they will do....   dont get mad because you think you overpaid for something.... you had the option of not buying it.... no one held a gun to you and made you purchase did they?

You clearly STILL can't read. Its nothing to do with the prices, its the upgrades which were sold as part of the original sales, have NOT been delivered.

Surely this upgrade is owed to the poor soul you sold your order to, dogie.

+1
seriously, if you don't get it, don't post.

1) I didn't sell my rights to the B1 upgrade, my B1 was sold as a 12.7GH blade.
2) I didn't sell new B2-B3+ blades, I sold used blades, not upgrade promises
3) What has that got to do with friedcat not (yet) honouring his terms of sale?

Bump

Why is Friedcat not responding to this  ???. Coupon for usb miners was fast.

As was shipping for new buyers of the new blades. Resellers already spamming them on ebay, old customers left in the dark.

Even BTCGuild's shop has the new blades before old customers. GG.

He hung us out to dry

http://25.media.tumblr.com/tumblr_lmqhel5vJV1qb1tomo1_500.jpg

Yeah, ASICMiner lost my business with the way these new blades have been handled. Have been trying to get a response from FC for over a week now to order 100GH/s and just gave up.

EDIT: Seems the AM crew is super busy and stock of new blades is limited. Received a response from FC, and will patiently wait for the situation to stabilize.

As stated before, the direct sales of old blades' price difference is not part of the compensation. And for new blades we only ship to resellers in most of the areas.

The new blades (as well as later products) turned out to be incompatible to the upgrading we mentioned, so what we could and would do is just distributing new products at very low or zero price to auction/earliest purchasers with the number based on the purchased amount and the whole network hashrate increase.

Solved. The end.

 Does this mean that old customers that have dealt with you directly in the past should now deal exclusively with resellers in our respective geographic regions ?

 I understand you are an incredibly busy person, but, respectfully, I find it a bit rude when trying to purchase product with no response for over a week :(

Not sure what the quoted sentence means but the rest looks good. How do we go about actioning this? What about B1?

I would like to know also as I had purchased a decent amount of blades.  

Thanks for brining this up dogie.  I had forgotten about it. 

now that was funny...still waiting here, but they are being shipped today and getting a whole .03btc savings each

So what recourse do  buyers have if Friedcat does not follow thru on his promise? It seems that he can promise anything but real problem is getting him to deliver. I don't give much value to empty promises. People say they will boycott his products but then Friedcat drops prices and everyone jumps on board. I don't think the community can anything about his broken promises.

The proof is in how AM survives the next few months.  The course thus far has been to charge generally above an achievable ROI but close to it, giving hope that market conditions are favorable or that mining won't go up XX% again next month.  Unfortunately others are delivering and doing so boldly, making a purchase of usbs or blades a risky bet at best.  There needs to be a new product(s) priced reasonably enough that everyone waiting on the sidelines and sick of pre-orders can have a hope of achieving ROI taking into consideration current market conditions with pricing and price changes. Only way they survive.

Seems like quite a it of whining from a lot o people that purchased the auction blades BEFORE any promises was made. Did you buy a product expecting later compensation?

How about not buying a product and expecting some kind of magic 100% guarantee to be able to mine for a month and then resell it on eBay.

Another guy who can't read, already on my ignore list. All B1-B3+ blades were sold WITH the promise of replacements.

Back to your hole now.

I hope that we don't have pay for the extra unit

Can only listen to sexual healing so many times :(

@ friedcat any timeframe for the blades for early customers  ??? .

Even for nothing more so I can keep the 600 post setup thread updated for the new models...

After seeing the power consumption on the Bitfury rigs these can't even compete. If I was you I would just move on with more efficient technology and chalk it up to a lesson learned.

.... we bought something, we've not received it. Why is that so difficult for people to understand?

Stockholm syndrome or something similar to it, I would suppose.  Miners 'round these parts have suffered many abuses from many mining equipment companies.

On topic, I have no stake in this particular complaint, but to-date I held friedcat and ASICMiner in high regard.  It is disconcerting to see them ignoring some of their most important customers.  It was these early auction customers that established the market price for ASICMiner's hardware, and consequently fueled the continued rise of their dividends and stock price.  It seems unwise to ignore them now.  Again, I don't own any of their auctioned blades, but regardless share your concern and would like to see friedcat make their customers whole.

In a related event, friedcat recently offered heavily discounted coupons for early USB stick customers (like myself).  It was, of course, not strictly necessary and seemed to be a rather gracious gesture on their part, for which many of us were excited and grateful.  However, ASICMiner initially only shipped a fraction of the discounted quantities, leaving us waiting a few weeks before the rest were shipped.  By the time I received all of my discounted sticks (through a group buy), friedcat had already dropped the wholesale price to match the "discount."  While not dishonest, it was completely disappointing and really, in my opinion, destroyed the goodwill I assume it was intended to generate.  Especially so, given ASICMiner's golden track record previously.

I want to hope that ASICMiner simply got caught off-guard by the emergence of so many competitors, causing them to scrap their 2nd gen chips and move directly to 28nm.  This would explain friedcat's lack of attention of communication lately, as such a rapid shift would leave everyone at ASICMiner exceedingly busy and stressed.  One can only hope...

No I get it, let me recap:

You made a high risk purchase from a guy you don't know in another country named Friedcat. At the time the product was grossly over priced but you bought it anyway. At a later time you realised you got ripped off and so did others. This upstanding unknown individual you don't know named as Friedcat promised to give you compensation for burning you the first time and surprisingly hasn't followed through yet!

Lucky for you, you were able to off load the units to others making back your money, phew that was a close one! When you sold the blades I am assuming the "6 month warranty" was transferred as well as the ownership of the equipment. The status of the rip off rebate and who it should belong too I guess is debatable.

So after what I assume were diplomatic efforts to resolve your problem you opened this thread to bring about awareness to your plight and to help fellow miners who were caught up on this. Since these efforts didn't work out did you think rehashing the issue across multiple threads dragging the persons name through the mud for good reason or not is going to accomplish any good? I know you are trying to raise awareness and put pressure on him but it's time to let go.

Look. I bought early blades also and underestimated the difficulty increases. I'm out a bunch of cash now and am looking for work on the side to break even. It sucks but you have to take your lumps, learn from it and move on.

I don't dispute that you try to be a helpful part of the community and you created an excellent DIY as well which is a great public service which I'm sure many people appreciate.

Good luck with your plight I feel your pain

Stopped reading after the first paragraph and ignored you. No, you don't get it. It is absolutely fucking NOTHING to do with price.

Some people are so brainless.  They are not understanding that friedcat hasn't fullfilled his end of the bargain for the first few batches of blades.  Would you not try and collect money if it was owed to you.   Its the same concept. 

Agreed

Just be patient, I would prefer to wait a little bit and get gen2 hardware from friedcat than get gen1 right now.  He already said in this thread that he'll uphold his promise and the longer he waits the more he'll give us.

If he keeps his promise, then it is ok to wait (but not to long  ;) ) for gen2 hardware.

I'll settle for a GTR

I have send fiedcat a pm asking fo the timeframe.

Were these 'batches' just the initial auctions?  Are non-auction, direct purchases made in May included in this too?

Can you link to the sales thread? I've only mentioned B1-B3+ because were definitely confirmed.

I don't understand why it takes so long. Fiedcat can just send early customers like 10 new blades  ;) and the problem is solved.

This is the response I received.  Can't say I understand it, but it sounds like September 16 there will be more info or a new post to clarify:  

Thanks for the info. I received no response.

coolio

That makes sense to me. He's going to start collecting address etc on Monday, then compensation will be made up of all 3. Looks likes the new blades might have been just a revision.

i hope that we get a update tomorrow.

Kind of dissapointing.  Still no update.

Also waiting for update.

Ty to admin for cleaning house. Also waiting for update :P

I know he is a busy man, but surely he can outsource some of his work load to people (like me). He has these resellers mowing down the noobs, but there is other stuff he can do to take his time liabilities down.

I (first auction winner) just received 2 BE blades (new model) in the mail.

Awesome. How many blades had you won in the auction.?
So is it like 2 blades per auction blade won.?

:s Friedcat better be contacting people for details, my details have changed.

I have not received new blades.

Bump for a badly needed update.  Please don't turn into yifu :/

I really don't check this boards as often as i should. Well, today I received a big surprise. I got two brand new blades. Seems like a much more refined design. Well anyway, I will be setting these two up later that day. So i guess now we will reach a ROI, altough i don't really care.

Am I the only one around here who still believes in this whole Cryptocurrency revolution? We started with a 600€ investment in a first GPU miner and have the luxury to not worry about electricity 'cause we are running on a water turbine. At the time I made this investment back we only reinvested what we mined. So I never really had to worry about a ROI, but I guess it's nice to make a little profit once in a while.

Well anyway, thanks friedcat, this really got me by surprise. As long as our turbine is running I will keep the network supplied with our hashing power, regardless of BTC value.

eek... I don't live at my old address anymore... they're probably going to get shipped back to friedcat :(

Or just stolen. I told him he should have contacted us for details.

So we got no update from fiedcat and a few confirmations that some batch 1 buyers received 2 new blades as extra's. Batch 2 and 3 buyers received nothing  ???.

Got a mail from DHL, it seems I got 20 block erupter USBs?

if that's the case then it's a nice gesture from fried cat.

+1

Friedcat is a star. other vendors should learn from them /wink /wink

I'm not too fussed either about ROI (actually in terms of fiat even batch 2 blades generated profit (I mined the BTC and bought some at 50$ which I spent on blades - I know holding BTC would have been better but I secured our precious network :) ). in bitcoin I'm at 90% so surely 1. batch blades broke even some time ago.

Congrats.! What had you purchased, When.? and qty of your initial purchase.?

4 blades, batch 2.

Got a mail too. 'USB DONGLES NO BATTERY', 1 piece (but how many are in the box is anyone's guess).

How do you know you're getting 20? (I bought four blades in second batch also)

It's a nice gesture but frankly I don't really want them and I'm being charged £58 import fee just to receive them, so if anyone wants them they can have whatever is in the box for £58. If no takers I'll probably just refuse delivery (sorry friedcat).

The package has 20 in the quantity field. I plan to "strengthen" our local bitcoin community with them, I might keep 10pcs though.

I also received 2 new blades, thanks friedcat.

It's going to be hell of a price war vs bitfury vs kncminer! It all comes down to cost and China is #1...

This week have sold 2 blades @4BTC and 50 USB @0.12BTC to some fellow parisian miners.

So please do not hesitate to lower the price of the 100GH/S set.

It is all about making ASIC affordable, no one cares about ROI, it is like buying a piece of history+having a chance to ROI in euros/dollars.

It all comes down to cost of design chosen; bitfury's one is genius dont you think friedcat? Did you copy?:)

I'll understand if you did copy because it was the right thing to do! A backplane design allow for much faster farm deployment.

But what about all those ethernet cables. This is a pain in the ass for sure.

http://i800.photobucket.com/albums/yy282/Croverno/IMG_7375.jpg

Will friedcat go full bitfury copy by adding USB instead of ethernet+proxy for his gen2 chips?

That would be nice:)

I would rather have them with ethernet much better than USB in my opinion.

+1

Silently been watching this. Curious what I'll receive for a single 2nd auction blade. I'm guessing 5 of the USB BEs?

well I guess some lucky, random person will be receiving mine :(

Friedcat I'm still waiting for an email as i paid for 5 for 51btc
Friedcat please sort something out for me

Thanks

Like the colours, but the cardboard and carpet looks like a fire waiting to happen! Careful bro. ;)

It looks like I was almost spot on in my predictions... except for dogie, he moved so no x-mas bitcoin-usb-key chain for you this year ... but not to worry, send me your address I will share mine.

That's very kind, but I can still get access to the old address if really required.

laaame, I don't have access to my old address :(

Same for AlexUK

You should have a look here if your address has changed:
https://bitcointalk.org/index.php?topic=298982.new#new

Ty, looks like after I messaged him

Can't wait to see what we receive batch 2/3  :D

@desired_username
Have you received the package?

Yes. I got it today. 204pcs of USB block erupters (yes two hundred and four).


 ;D

Yes, but it would be great to have a single ethernet address all the blades in the 10-pack...  so maybe a single controller per 10 pack, say a Raspberry Pi ....

Lucky you.! How many BE's had you brought and which auction.?

2nd auction 4 blades.

I was in the third batch (cost: 50 BTC) and also purchased a second blade from the ongoing hardware thread for 50 BTC.

I have received nothing, but was told to e-mail my address to friedcat, which I did 3 days ago. :(  Sounds like they are getting caught up so hopefully I will receive something, but I don't know what.

Today I received 51x USB Block Erupters which I assume correlates to paying 51.5BTC in the second blade auction. Appreciating the gesture from friedcat/AsicMiner 8)

I'm not super interested in investing time/cost to get these running or handling individual sales, if anyone is looking to batch buy..

 I take it this stuff is only for the first 3 auction's ? I bought a blade from FC for 50 BTC after all the auctions, and wondering if that qualifies for anything.

0_o This makes no sense, I also have 4 blades from B2-3 as well as a B1 yet received only 102 USBs.

I agree. Am not sure how is it being calculated.
I read somewhere else that he brought 2 B2 blades and received 20 USB's for each blade.?

So the extra's are 20 usb erupters per auctiond blade?

And one person received new blades as extra's

Dont think its 20 per blade cause desired got about 51 per blade.

Has anyone in auction 3 received anything?
I know that they were going to get power module and network upgrades - but weren't B2 auctions supposed to get the same?

Have someone who was on the 3rd auction but was one of the ones after the auction so just curious to see if they would get something.

I always wanted some of the USB Block Eruptors! Now time to eagerly check my mailbox.

As did I.  Am curious, cuz this thing will never ROI.

Just received 51 USB Block Eruptors. I purchased a 2nd auction blade. Time to mod them, distribute some, and make other neat projects with them.

Hey

my friedcat gift is stuck in customs. Invoice says  PCB Boards with a total value of 50.49 USD via DHL Express.

They dont accept that.  Anyone knows the cost for dhl express vom china to germany? They probably want that also on the invoice

about 90usd for 1kg

Anyone from #3 auction received USB or blade?

I have not received a blade/usb (#3 auction blade)

Nothing received yet. I'm in auction #3.

I believe I received usbs for b3+ and blades for b1, although we can never be sure what is allocated for what.

too many broken promises still waiting  ??? ??? ???

B3+ nothing received yet. Did anyone?

Batch 2. Nothing.

Seems that only random people received random items. Nothing for B3, but I did anticipate a USB stick by X-mas so 8 days left...