Bitcoin Forum

This thread is to document the state of Liquid Synergy Designs Inc. Avalon chip refunds in a convenient list all in one place. I am putting this list together due to the lack of communication or confirmation over the past few weeks, with some people receiving refunds while others receive no information.

To participate if you have requested a refund, please post in the thread or PM me this information:

 * Quantity of chips (ex: 256)
 * Batches (ex: Batches 2 & 3 )
 * Date refund was requested
 * Date refund was received (empty if not received)
 * If order was for "Chips-only" or "K16 Assembly"

[UPDATED] - Include if order was for chips only or if the order included K16 boards and assembly

For all dates, please use the international friendly date format: 17-Jan-2013

Last updated: 30-Sep-2013

The list, sorted by refund request date:

Forum Name	Quantity	Batches	Request Date	Date Received	Type - Chips Only or K16
lithiumfinn	16	5	3-Sep-2013 & 12-Sep-2013	19-Sep-2013
bigbeninlondon	41	3,5	8-Sep-2013	20-Sep-2013	K16
KS	904	4	9-Sep-2013		K16
rocks	485	3,4	9-Sep-2013 & 14-Sep-2013	30-Sep-2013	K16
xjack	34	6	11-Sep-2013	24-Sept-2013
wrenchmonkey	75	4	11-Sep-2013	24-Sep-2013
sprint347	16	6	12-Sep-2013 & 22-Sep-2013	30-Sep-2013	K16
RiseOfTH	64	5	12-Sep-2013	24-Sep-2013
BitHav	296	5	12-Sep-2013		Chips-only
dobber	32	3	13-Sep-2013	24-Sep-2013
mwm4bcf	232	4	14-Sep-2013	30-Sep-2013
r3animation	90	2	14-Sep-2013	30-Sep-2013	K16
bobbyremone	80	3	14-Sep-2013	30-Sep-2013
iluvpcs	80	4	22-Sep-2013		K16
alexuk	100	2	23-Sep-2013

34 Chips
Batch 6
Requested Refund 11-Sept-2013

16 chips from batch 5.
I requested on 9/3 and got an email to redo my signing on the 12th.
Refund came through on the 19th.

232 chips
Batch 4
Requested refund 14-Sep-2013
No refund or reply yet

90 chips
Batch 2
14 Sept
No refund yet

16 chips
Batch 6
Requested refund 12-Sep-2013 (resent 22-Sep)
No refund or reply yet

****deleted****

Thanks, but take me off the list.

Batch 4.
Refund request re-submitted (His scripts failed to authenticate my signature on previous attempt; probably my fault) 9/11/2013. 75 chips. No refund or response.

485 chips
Batch 3 & 4
9 Sept & again on 14 Sept after receiving an email that the authenticate did not work (I did the signature incorrect the first time)
Purchased K16 assembly & testing
No refund or reply yet

batch 2

100 chips

requested 23rd sept, no email or refund yet.

Refund received 24-Sept-2013

32 chips
Batch 3
Refund request 13 Sep
Refund received 24 Sep

Received my partial refund for my chips today.

still nothing.

also awaiting refund on K16 and international freight.

never again.

still nothing

64 chips from batch 5 with full assembly
Chip refund requested on 12th September and received on 24th September

80
4
9/22
Not received
Chips + Assembly

* Quantity of chips (ex: 256)

41

 * Batches (ex: Batches 2 & 3 )

Batches 3 & 5

 * Date refund was requested

08-Sep-2013

 * Date refund was received (empty if not received)

20-Sep-2013

 * If order was for "Chips-only" or "K16 Assembly"

K16 Assembly

296 chips
Batch 5
9/12/2013
Not received
Chips only

Refunded. :) I'm already in the table in the 2nd post.

30/9/2013.

Chip refund received - 1.3072BTC

Refund for chips arrived this morning, Sep 30th.

Thanks much, Steamboat!

Refund for chips portion received today. Sad that the amount refunded is significantly more than a K16 could ever mine over it's lifetime, even assuming free assembly and electricity...

904 chips
batch 4
16/09 (before 16/09 in fact, but don't have the exact date anymore - possibly around 10/09)
54x K16 assembly+testing+hosting

no refund for chips received (and possibly no full refund at all either). I'm pissed off.

Looks like a bunch more have been coming in.

If you posted on this list and received a refund, please make sure to communicate that.

A note on the refund order, it seems SB is refunding in order of requests. If you use rocks and sprint347's second refund request date (due to bad invalid signitures on the first attempt) then the order seems to be FIFO.

Forgot to mention my refund was chips only. Assembly has not been refunded.

I kinda forgot did SB mention anything about refunds for assembly?

He said 25% at some point for assembly and then maybe a little more if he is able to find other uses for the parts.

Other batch providers offered 50% upfront with another 20% (for 70% total) after they used the parts for other assembly services, such as bitfury. Other batch providers also offered 100% chip refund while SB only provided 95%, keeping 5% ($25,000) for his time to manage the group buy, which seems excessive.

SB has provided no updates on the assembly refund. He stated that he put in a lot of time and effort. Personally I think SB is trying to keep his profit on the failed project by charging for unfulfiled services, which is very much plainly illegal and he can not do this.

The cost structure of the assembly servies was:
$35    - Parts
$60    - Assembly of K16 board only
$28.5 - Parts for full unit (i.e. heatsinks, fans, power cables, etc)
$10    - Assembly of full unit / Testing

Everyone agrees that parts can not be fully refunded, but the other aspects of assembly have not been performed and should be largly recoverable, but SB does not seem to be willing to talk about this. It also makes no sense that the 25% refund is the same offered for all assembly services.

Personally, I think SB is hoping that he will be able to do a gen2 or bitfury or other ASIC chip assembly, and he is holding onto everyone's money until he is able to work this out. This is also plainly illegal.

 * Quantity of chips (ex: 256) : 34 chips
 * Batches (ex: Batches 2 & 3 ) : Batch 4
 * Date refund was requested:  Sep 22 2013
 * Date refund was received (empty if not received): hoping for a miracle
 * If order was for "Chips-only" or "K16 Assembly" : 2 K16, tested, hosted