I've traded 14 of my chips to redphlegm. Posting here to create a public record of the transaction.

Thanks for all the feedback, guys. I'm going to go ahead with a group buy, then, as soon as Avalon's terms of sale are available. And again, if you're interested in being notified when that happens, PM me or watch this thread. I'll be announcing it here when it happens.

Thanks for the link. Sorry I didn't dig deeper for that. I've been away from this thread (and pretty much all the threads, save the Stumptown one) for a while. Got tired of all the back and forth filling up my inbox.

Thanks for putting that together, redphlegm. Much appreciated.

I understand where you are coming from. Part of me hopes that this time will be different, since they have pledged to only sell what they already have on hand. Primarily I am looking to recoup the sunk cost of the Klondike components I've bought. The group buy I was in has opted for a refund, and I've got thousands of dollars in Klondike components sitting around and waiting for Avalon chips. I don't imagine I'm the only one in this situation. On top of this, a few of the people who decided to use my assembly service contacted me in public and in private to see if I was willing to do a group buy for the generation 2 chips. So here I am. :-)

Group buy details

Chips
Chips are 28 mBTC each, with a minimum order size of 10 chips. The amount of Bitcoin required to cover the shipping cost is based on the "Shipping" table below and the current "sell" rate on Coinbase. Calculate what you owe in bitcoin for the chips and for shipping, and send your payments to 1LZPtQvZejprmQUovDc7CGENm2cKCftyRX. Once you have sent payment, PM me or email me at ryepdx+gen2@gmail.com with the number of chips you ordered, the transaction ID for the payment, your forum screen name, your first and last name, the mailing address you want your chips shipped to, and your email address

Send your payment from a wallet you control and can sign messages with. DO NOT SEND FROM A WEB WALLET. In the event there is a dispute over who owns a particular transaction, you will have to sign a message to prove ownership of the sending address. Also, refunds will be sent back to the address the funds were sent from, which can cause bitcoin to be completely lost if they were sent from a web wallet. If you send from a web wallet and then lose your bitcoin because your refund gets sent back to an address the web wallet doesn't associate with your account, you will have no recourse save to try to work things out with the web wallet. I will not be able to help you, and you should have read this and followed directions anyway.

Miners (tentative)
If we can get at least 20 2nd generation K16s ordered, we'll go ahead with that as well. Cost of components and assembly for each K16 at a total of 20 miners is $218 apiece. The price will go down if we can get more orders, since about half of that price will go to pay for JohnK to design the new PCB and to cover the cost of new components. If you're already a Stumptown Miners customer and you haven't requested a refund, your cost will be $110 per miner. Again, that price will go down with the number of orders we can get above 20, since the cost of redesigning the PCB for the new chips is fixed. Please use the Coinbase "sell" rate to figure what that comes out to in BTC.

Buyer Protection
JohnK still has my identity information, and will likely be willing to do another identity escrow like he did for the first Stumptown Miners batch. I've PMed him and will let you know when he gets back to me. In the meantime, you'll just have to take my word that I will refund any funds I receive if the group buy is not successful. However, if the group buy is successful, the chips will be ordered and refunds will no longer be an option.

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Terms of Sale

• Full payment of all costs incurred is required prior to shipment to final destination.
• Address signing is required for dispute settlement.
• All sample chips will be given to open source hardware developers to facilitate production.
• We assume no responsibility for any issues that may arise due to circumstances outside our control, including but not limited to Avalon failing to ship, shipment being seized by customs, shipment arriving late, etc.
• All chips purchased are sold AS IS, with no warranty of any kind.
• You may choose to change your address a maximum of two times.
• In order to change your shipping address you must sign the change order with the purchase address.
• Any funds sent may be refunded up until the point the group buy is successful, at which point you may no longer request a refund. If the group buy is not successful, the full BTC amount you sent will be refunded to your sending address.

(Apologies to steamboat, who probably finds those terms very familiar.)

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How to Purchase Chips
Calculate the total BTC you owe by multiplying the number of chips you want by 0.028, and then calculate shipping cost based on the shipping provider you want (see the table below) and the current "sell" rate on Coinbase. Send that amount to 1LZPtQvZejprmQUovDc7CGENm2cKCftyRX. PM me here or email me at ryepdx+gen2@gmail.com with the number of chips you ordered, the transaction ID for the payment, your forum screen name, your first and last name, the mailing address you want your chips shipped to, and your email address.

Send your payment from a wallet you control and can sign messages with. DO NOT SEND FROM A WEB WALLET. In the event there is a dispute over who owns a particular transaction, you will have to sign a message to prove ownership of the sending address. Sending from a web wallet can also lead to the total loss of your bitcoin in the event of a refund.

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Shipping
Shipping costs will vary depending on your stated preferences, but by default I will be using USPS flat rate Priority Mail shipping. If you are not in the US or want me to use a different shipping provider, please specify your preferred shipping provider in your initial message to me.

Shipping time:	|2-3 days|	|Overnight|	|6-10 days|	|3-5 days|	|6-10 days|	|3-5 days|
Chip Amount:	|US Priority|	|US Express|	|Canada Priority|	|Canada Express|	|Int'l Priority|	|Int'l Express|
1-50	$10.80	$45.95	$24.95	$74.95	$33.95	$89.95
51-250	$17.35	$45.95	$50.95	$74.95	$69.95	$89.95
251-500	Free	$45.95	$50.95	$74.95	$69.95	$89.95
501-750	Free	Free	$63.95	$74.95	$87.95	$89.95
751-1000	Free	Free	Free	$74.95	$87.95	$89.95
1001+	Free	Free	Free	Free	Free	Free

(Again, apologies to steamboat, who probably finds this table astoundingly familiar.)

Sorry, I haven't done that yet. Must have gotten busy with other things that night and forgotten to put the thread together. I'll do it now and put the link here. :-)

Edit:
Thread's here: https://bitcointalk.org/index.php?topic=301010

Thanks again, everyone.

Please contact me via PM or email to get my refund address (or confirm ownership of my originating address) when the time comes to start sending us back our BTC. I think I might have sent my payment from an old wallet...

Tolan, I'll send an email to Colin asking about the six chips. I'm sorry you haven't received them yet.

Speaking of Colin, he sent me this update last night:

Sorry about that. I did get your message and thought I had already replied to it. On top of this, Colin emailed me later that day about a customer who'd been asking for their chips and for some reason I thought he was talking about you. So I figured the two of you had handled it. Looking back at the emails, though, I see now that he was *not* talking about you, but about another customer, and that I had *not* in fact replied to your message. Mea maxima culpa.

Last I heard from Colin, he and the other developers had discovered that some of the component values needed to be changed. He was going to try the new components on Friday, but I haven't heard anything from him about it yet. I just sent off another email asking for a status update. We are still planning on getting chips on boards, but I understand if you want out at this point. Please let me know what you decide. If you do want out, I'll go ahead and refund the cost of assembly plus my margin to the address you PMed me.

Edit: Have you gotten the six chips you requested earlier? They were supposed to have been sent around the end of August.


Yes, that includes the boards. We can ship your components to you at this time. Colin has all of them at the moment, so I'll make sure he does that ASAP.

Noted. Thanks for the warning.

Prices update automatically. I'm not always selling and I'm not always buying.

Place your orders here:
http://api.ryepdx.com/bitcoin/order.html

Machine-consumable interface can be found here:
http://api.ryepdx.com/bitcoin/order.json

I recommend sending the cash via certified mail if you're sending more than you're comfortable with potentially losing in the bowels of the US postal service.

No, the only K16s assembled so far are Bogart's 4 K16s, for testing purposes. We have the parts and are waiting on chips.

I'll start a thread later tonight to gauge interest in getting gen 2 chips through me in the event that Avalon requires bulk purchases again, or else offers discounts of some kind.

Thanks again for everyone's patience through this.

I'd certainly oblige, if they sell in batches of 10,000 again. There's a possibility they won't this time, since they'll be selling on-hand stock. Then again, they may sell in batches anyway in order to reduce their shipping workload. They're definitely not keen on handling customers directly, that's for sure.

Guess we'll wait and see.

Agreed. I'm going to be trying to get 2nd gen chips on my Klondikes, given today's announcement.

If you would like a refund of your USD returned as bitcoin, I can do an immediate transfer to the Bitcoin address associated with your order, assuming that address is still valid. I'll be using Coinbase's exchange rate.

If you would prefer a USD refund, please PM Colin (username TheDroid).

Yes, we can ship you the non-refundable hardware that was purchased for your assembly.

Thanks for the additional endorsement. I will definitely be launching additional business ventures in the future (probably outside the mining space), so keep an eye out for my posts. :-)

Thanks for the kind words.

As a heads up, I've just terminated the EC2 instance I was running stumptownminers.com on. I figured there wasn't any sense in keeping it up since the ordering is over now. I've updated the OP with the terms of sale that were formerly on that page.

Unfortunately there isn't really a course of action if your group buy implements a refund. You can try buying out someone from another group buy that *isn't* opting for a refund, but that's about it. Original terms would still apply, of course, with your place in line being determined by when your chips are received. I don't think assembly is going to be the bottleneck here, though.

In deciding whether to get a refund, keep in mind that the amount you can get back as a refund is your new ROI target. If you get back half the total cost as a refund when you would have recouped 75% by staying in, you would've been better off staying in.

Best of luck to everyone. Here's hoping the gears in the Avalon machine get moving again soon.

Done. Sorry to hear it didn't work out for you. :-/

+1 class act. ;-)

Thanks, Bogart. I'll let Colin know.

Hi all,

I just got an update from Colin. It looks like he hasn't gotten ahold of BkkCoins yet, but he's going to be going over the test board some more with his scope this evening. So far everything looks good, which further confirms his hypothesis that there's a problem with the software somewhere. He also confirmed that he would be willing to refund the cost of assembly for anyone who wants it. Assembly cost comes out to $40 per miner.

For those of you considering getting a refund and taking direct receipt of your chips, please be aware that we still haven't received most of them. Zefir's batch 1 is the only batch we have at the moment.

Thanks for bearing with us. It's just as frustrating to me as I'm sure it is to you guys.