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So who do I actually have to kill to have my miners shipped out? I have emailed steamboat about having them shipped out minus the bootloader etc now twice over the last 10 days with no response. Is there some other way to make this happen? Some additional hoops that I have to jump through? If I have missed something in the 200 some odd pages of this thread I apologize. Anyone help me out?
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I saw that email and really thought Soniq's email had been hacked and someone was looking to scam all of our shares. I am glad that is not the case but I have been wondering where the hell our dividend payments have been. I guess I will convert back to direct shares. Since Jon paid for hosting when we listed on BF does converting to direct shares change anything?
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This whole thing has turned into an utter disaster. One point that most people seem to be ignoring is that even is ships HAD shipped on time, we still would not have a working board to put them on. I'm refunding my order with assembly from batch 4 as I have no confidence that any of the proposed or in progress solutions will bear fruit. Avalon has lost all credibility. Steamboat I believe tried to do the right thing in spending the required cash to have everything ready for chip arrival. Unfortunately for all of us, the chips just aren't coming and we have no working board design even if they do. We are all losing money on this deal. At least we can wash our hands of it, Steamboat doesn't have that option.
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I am also still waiting to hear about refunds for assembly and shipping. As has been mentioned, I can eat the parts cost but assembly and shipping are labor costs only incurred when something is actually assembled or shipped. Other assemblers are offering at least partial refunds so I'd like to hear from Steamboat about this possibility. I think we all appreciate what SB has done thus far and only want what is fair. IMO if I pay for labor that never occurs I should be due a refund, simple as that.
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Well, I didn't think this was going to happen- My butterfly order shows shipped before I received my K16s. Wish it would have been the other way around.
I wish I could say the same. If I had ordered jalepenos they would be about to ship. I have a single and little single coming however so I am kind of screwed. Curse you, BFL!  |
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Thanks, Steamboat. Surely this can't be easy on any of us, patience is required. Hate that we all have to wait as the difficulty shoots up and up but not really any other options as of yet. I am glad to see that SB is still on our side and definitely has our backs.
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Dang, that makes this look bleak. Sure am glad that I get to host these at work for free.  |
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Thanks loads for the clarification, Steamboat. I appreciate the info.
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Ok so I am in batch 4 likely right around the cutoff with currently ordered supplies. I paid up front for assembly by the june 30 deadline so I could secure my place in line. BTC at that time had just crashed and had I been able to wait, could have paid less. IF I now have to wait 2-10 weeks for parts to arrive because others who did not pay with crashing BTC values swoop in and buy the parts that I *ALREADY PAID FOR*, that's just dirty. Please Steamboat, say it ain't so!
Now, that being said, nothing about the way Steamboat has acted thus far in this process leads me to believe he would pull such a thing. He has been nothing but honorable and fair up to this point and I appreciate all of his work putting this all together. I am hoping for a clarification on all of this that alleviates these doubts that have emerged with the most recent update. Steamboat please clarify.
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Hello,
I have four Jupiter miners that I have paid for including six months hosting on the KnCMiner pool.
I am not sure if the KnCMiner pool is the best option or not. I am very new to bitcoin mining. I just know I need to hit this as fast as I can afford...
If anyone has any reasons why I should mine in a different pool please let me know.
thanks
Andrew
You will have significant hashing power so the 1.5% fee will end up being a decent amount of BTC. I would recommend bitparking for a decent sized pool with no fee and the ability to earn other altcoins as well through merged mining. Supposedly the other altcoins are worth an additional 16% above and beyond the BTC mined. You may want to test another, larger merged mining pool but bitparking has the most altcoins that are mined. The few others that support merged mining only support BTC and namecoin. When I get my k16s and/or my BFL singles I will mine them with bitparking. |
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Having other avenues of communication is all well and good but I really think we should keep it here in the thread for simplicity's sake. Honestly I am surprised how seldom this thread is used. This is where the GB began so it makes sense that all public info about this project be kept here. Announcements can still go out via email but discussion and such should be kept here. Also, I really think we need to discuss these fees that keep popping up. Here's a particularly apt quote from a recent email for those not following there. "spent extra money to alter existing code to allow for payments to Bitfunder. "
...even before we had voted to go to bitfunder!
It seems ever since we all put money into this project, more and more little cuts are being attempted to be taken.
Obviously there are management fees (which we all agreed to) but what seems to be confusing is that it's more a management "cut" than "fees". Fees implied to me that they would be paying for all things management ......
...now slowly and surely little things get added on to lists
...there was talk of setting a pool up ....(% cost was implied)
...a visit to KNC was asked to be paid for ... (I still don't even know what this was for, why, or how it even came about!)
...setup work to install the miners
...listing on bitfunder is no longer free!
...now the hosting has been mentioned at $350 per unit (not confirmed) but that figure is just robbery! ... (I have air conditioned server room, with generator backup, onsite support, email, sms, im monitoring, and I host web and db servers for £60-£90 a month!)
Whilst I do know that Soniq is working hard on this (and it's appreciated) the management fees alone will stretch to many thousands per month ... so comments like "i'm doing this for free" seem a bit inappropriate. I also appreciate what Soniq has done, but agree that we are being nickel and dimed to death. I feel like 2% of this GB is plenty to manage it in any form whether that be on bitfunder or not. As for the $350 a month to maintain each miner that really does seem excessive. I prefer to list on BitFunder but the proposed fees really do seem unnecessary, as low as they might be. Listing on BF was supposed to be free or I suspect that many would have voted against it. |
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There have been about 100 names proposed in the emails and I don't know that more than 1 person has voted for the same thing. Can we get a list posted here and a final vote?
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One thing that was not mentioned in the voting email is payment of dividends. If we vote yes, those will then be paid into our BitFunder account right? If we are to be able to trade and liquidate them that is kind of a necessary thing. AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
^This +1. |
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Got the email update and transcript of skype chat. Good info there. Glad to see they have addressed the security problem that popped off recently. Kinda wish now I could move my securities at BTCT.co over to BF. For anyone that didn't receive or read the email, there will be a voting email sent out early next week to decide on listing on BitFunder.
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Any plans to change the BTC price per share since the value is going back up? At $90 now, still climbing.
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I took a look at Bitfunder, but am not that familiar with the details of listing shares of miners (specifically what the costs / caveats / issues are of being listed).
1. Are there additional costs associated with this? (Listing fees, mgmt fees, etc)
2. Are there any restrictions on shares? (Lockout timeframes, sale fees, who can buy/sell, etc)
3. How is EOL handled for the fund? (Yield < Power costs)
4. For a mining pool, how are hardware failures handled? (Direct dilution across the pool, specific person is SOL, share retirement, etc)
Sorry if these are elementary questions. I have experience with stock options (employee and "general"), RSUs, stocks, bonds, etc, but have never worked with something like this in the bitcoin space, and don't feel informed enough about it to vote "+1" or "-1".
Thoughts?
Exactly the kind of things that I was concerned with when this business of listing the shares on the exchange came about. Don't get me wrong, it seems that listing on the exchange will likely increase the per share value (at least in the short term) but still I would like to know all the ins and outs before we actually go ahead with it. According to others that responded to my initial concerns, all of that will be hammered out and voted on before the group buy is actually listed on the exchange. Still kind of waiting to hear from Soniq and/or the bitfunder guy what the next step is. |
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So it seems that the voting is in favor of listing on the exchange. Is there an update on that? Are we moving forward? Any terms to vote on etc?
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Finally got my order in. I was worried I might not make it before the deadline. Order #100000125 for 4 miners sent! If I have spare chips (I bought 4 extra) will they just ship along with the miners?
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The ability to overclock would be great if the chips allow for it. Might be worth waiting a short period to redesign to accommodate that. Just my 2 satoshis. Also, what happens if we ordered a few extra chips to account for faulty ones but don't need them? I assume they will ship out with the finished boards but then wtf do we do with them? Anyone building klondike x1s?
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Ok but shouldn't those things be decided BEFORE we make a decision to put this on an exchange? That's like buying a car then finding out after you pay what kind you get. I for one would vote no if, for example, putting the group buy on the exchange led to higher fees.
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