Today's news from Avalon: Avalon turns One years old
What a roller coaster ride it has been
We went from the last to enter the ASIC mining market crowd-funded by the community to the first to shipping a consumer product in little over 4 month. On this journey, many mistakes were made, tons of things were learned and we will continue to grow as one of the groups to keep mining decentralized and support the DIY community. Those are our goals.
In the up coming week we will doing a clearance sale on the refunded chips as well as some mining units and modules to close generation one and move on to a pre-sale-less generation two of the Avalon Project.
Stay tuned as many more exciting news will be announced in the coming week. Everyone should request refunds at this point. What a crock of shit. So FIRST they delay shipping of chips, screwing their customers. Secondly, they ship the chips that everybody paid full price for, while refunding others.
Third, they announce a clearance sale on refunded chips.
Fourth, that effectively screws the customers who got delayed chips at full price. What is the incentive to buy Avalon chips again? I must have missed that one. No one will buy them now. How else do they get rid of them? Continue to charge full price? Seems like a catch 22... |
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Should difficulty be set to 2 or 3 for a 2GH/s miner so as to avoid spamming the pool with 1diff shares? How many GH/s do you need to have before that becomes necessary?
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Yea, I guess since this whole group buy has been built on fractions of chips, it could apply here too.
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Let's not forget that Raging paid for 212 chips. That means he was entitled to .67904 of the 32 developer chips. I'd be ok with only charging him 31 chips, since his purchase legitimately entitled him to a portion of one.
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I wouldn't say useless. Keeping your customers up to date builds rapport. That's useful if you want repeat business.
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I'm fine as long as the wait is proportional to the news. I figure steamboat doesn't want to be left with a warehouse full of parts and nothing to make with them, so I'm hoping he's working on something big. Steamboat, just realize that you have more info than us, so it's easy for you to go without an update. People like me are completely blind to what is going on and we are completely at your mercy at this point. Twitter is perfect for this kind of stuff. 140 characters, once a day. Easy peasy.
"Still working hard guys. Thanks for your patience."
"Nothing new today, sorry to keep you waiting."
"Things may be looking up, more info to come soon."
"Last thing fell through, going another route."
"Waiting on info from third parties, hopefully things are shaping up."
"You guys are great; thanks for hanging in there."
"No word today. Hopefully good news later this week."
That was one week's worth of theoretical updates. I timed myself; to come up with them and type them took me 1 minute and 49 seconds. That's 15.57 seconds per update.
Someone please explain how 16 seconds is too much time to post something.
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There were tips sent to the payment address for John K. When I have a moment I'll capture those that were recorded and see if they match up to the extra total.
the total to john includes the tips I believe. 36905473f73a53874f81da80629be982ec269116e59c0ca723032f94e9aae149 has 11.99906528 BTC e03868aa432c035196bd7476551ac5fafec8b7d5915b256c7385d778c5fa0528 has 0.01025 BTC combined, this is more than 1.5% to John k. so I assume this includes tips. Part of the discrepancy could be from the original sheet. For instance, I paid 20.83225 BTC but the original spreadsheet shows 20.822 BTC. My transaction is: https://blockchain.info/tx/0907a3597cfaa9e02dae4f5a4a5d103e8eafd000ad0500fb4c81784aa4d96fd7I think the original spreadsheet did some funky math to get the "# of Chips". I just added a column dividing the actual payment by the original cost per chip, and the numbers fluctuated a little. The sum with everyone's payment equates to 10007.7655633831 chips. This is BTC.622528329997057275 more than we needed. So by incorrectly calculating people's pay, there was a slight overage. After we get this figured out, please take away this lesson: Always deal with discrete values when proportioning out discrete items. This % of a chip bullshit is YET ANOTHER failure on Raging's part. Edit: aceat64 your total has been updated. |
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There were tips sent to the payment address for John K. When I have a moment I'll capture those that were recorded and see if they match up to the extra total.
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Since for whatever reason (despite voicing my discontent at the time) this group buy used "chips per bitcoin" instead of a fixed price of "bitcoins per chip" (chips aren't divisible, bitcoins are...) as the dividing metric, I calculate that the original cost was 0.08016525 BTC per chip. This included escrow fees at 1.5% to JohnK, chip shipping costs from Avalon, ragin's 1%, but NOT redistribution shipping from ragin to buyers as that was to be paid individually to ragin at a later date.
782.1 BTC * 1.025 (1 percent for ragingazn628 and 1.5 percent for johnk ) = 801.6525 for one order
801.6525 / 10000 = 0.08016525 per chip
Ragin is (rightfully) forfeiting his escrow fee of 1%
John K's escrow fee is therefore 782.1 * 0.015 = 11.7315 BTC
Ragin's fee (returned to the group is) 782.1 * 0.01 = 7.821 BTC
Refund available is therefore 782.1 (chips plus shipping) + 7.821 (Ragin's share) = 789.921 BTC available for refund
Math check: 801.6525 (collected) - 11.7315 (JohnK's fee) = 789.921 (check)
(no sample chips accounted for in the calculation; at time of purchase this wasn't indicated as part of the deal...)
Refund issued per chip is thusly 789.921 / 10000 = 0.0789921 BTC per chip
This should be issued to all present documented chip holders in the group. Cost from after the fact sales amongst group members should not be accounted for as the sale constitutes a transfer of risk, and would make the refund entirely too complicated to process.
Your math checks out. Please double check I got it right on the chip count sheet. Also, I fully agree that second party sales prices will not and should not be considered. |
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Alright instead of bickering with each other, let's reorganize everything so people can get their money back faster. My spreadsheet for KnCMiner proved quite effective with refunding people. So I will start the same. JohnK will be given permission to edit the spreadsheet once he gets the refund from Avalon back. This is because refunds will go to JohnK and he will be the one redistributing the funds. Please use this form to get the refund process started for John.K when he gets back. https://docs.google.com/forms/d/1k0Yn9Sc7pOlzI5DgsglLdqfaijLkVihAXUDgM4XpCwo/viewformWe already did this. I've created a spreadsheet based on trades to document chip ownership and redphlegm made a form to fill out for return addresses. This is kind of why we are upset with you; we had to jump in and get shit moving when you decided it wasn't worth your time. We are not bickering with each other. I think we are all upset with how you've handled things and are upset with you in particular. |
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Didn't SB apologize for the lack of communication...?
Yep... |
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Spreading his 32 chips out would net every chip owner 0.0002565288 / chip.
If we leave it be (considering those chips were gratis), it won't affect me very much. It just irks the dogshit out of me that Raging can show up NOW, when it's time to get the money back. I was also very suspicious when he started talking about sample chips and allocating them how he wanted, instead of getting feedback from the group, as evidenced by my recent quotes. So nebiz, I'm not looking for "someone" to take a bite out of, I am particularly pissed off at Raging for playing loose with the gratis chips, and I was upset about it when it happened. I'm also kind of peeved that he can find time to be active in this thread when his money is threatened, but was always so absent prior to this.
I just want out of this clusterfuck, as fast as possible.
John K, what do you need to facilitate the starting of refunds? I'm more than willing to assist with some legwork to get things moving.
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I don't have any file with a name similar to ttyACM0. How do I find the proper dev file?
What does ls -l /dev/ttyACM* return ? Eg: root@xubuntu64:~# ls -l /dev/ttyACM*
crw-rw---- 1 root dialout 166, 0 Sep 25 19:05 /dev/ttyACM0
crw-rw---- 1 root dialout 166, 1 Sep 25 19:05 /dev/ttyACM1
crw-rw---- 1 root dialout 166, 2 Sep 25 19:05 /dev/ttyACM2
crw-rw---- 1 root dialout 166, 3 Sep 25 19:05 /dev/ttyACM3
crw-rw---- 1 root dialout 166, 4 Sep 25 19:05 /dev/ttyACM4
crw-rw---- 1 root dialout 166, 5 Sep 25 19:05 /dev/ttyACM5
crw-rw---- 1 root dialout 166, 6 Sep 25 19:05 /dev/ttyACM6
crw-rw---- 1 root dialout 166, 7 Sep 25 19:05 /dev/ttyACM7 |
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Would it be possible for someone to briefly explain why BTCT is shutting down and how Bitfunder will stay afloat? I know it has something to do with the SEC but there is just so many replies and speculation that I can't seem to sift through all of it on here and find a straight answer.
A clear reason why BTCT is shutting down wasn't given. Burnside cited changes in the regulatory environment, but hasn't said much more. Presumably he's either not (yet) allowed to disclose more or has been advised by legal counsel to do so. So without knowing what happened to BTCT, it's hard to extrapolate to other exchanges. It's even more difficult to understand seeing as no regulatory changes have been announced from the SEC or any other branch of the US government regarding bitcoin regulation or any major revision to securities laws. Unless I missed something... |
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And where did you receive permission from the majority of the group buy to give said chips to prodigits7?
That was a decision YOU made, WITHOUT our consent. You said "I need them for my assembly". Then you gave them away, and didn't use them for the purpose you stated you were going to use them. How do you think you are absolved of that responsibility by giving them to someone NONE of us have ever heard of?
I believe we should deduct 30 chips from your total and redistribute it proportionally to each chip owner, and the onus should rest on you to recover them and sell them for whatever you can get for them.
How is this not fair?
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well I was probably one of the last hold outs, requested a refund for 64 chips in group buy #1 & groupbuy #2. I highly doubt even if steamboat ships these by mid october we'll be able to make even 1/3 ROI. What a shitty situation, I hope steamboat can either A. Give us a better refund for assembly. B. Secure Gen2 Avalon chips and use them for our full assembled boards. Any idea how steamboat is refunding shipping, testing, and full assembly? And when the refunds will commence?
100% of shipping is refunded, 25% of assembly ($95 * .25 = $23.75/board) is refunded. The extra parts (anything you paid over $95 for kits/fully assembled miners, i.e. fans, standoffs, usb cables, etc.) are being held until something is figured out. If other next-gen boards can use them, that will be offered, if not, they can be shipped to you. These refunds come from SB requesting a refund for one of his batches. I hope more people request refunds, which will shift the focus sooner than later from the K16s to refunds and next-gen projects. I'm keeping my credit for two assembled boards on hold for now until I hear more about Steamboat's plans. I believe steamboat alluded that those interested in his next venture could apply the assembly straight to that and just pay the difference, if any, between this gen and next gen boards. Did I read that wrong? |
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I did trusted him FULLY until a few days ago. I have recordings of everything. He even convinced me to have the KnCMiner refunds (over $30,000) wire to his bank account (an account of which was made for NEO ASICS according to him). Luckily I trusted my gut and had the transfer cancelled and now I am handling the refunds. He said he was helping me but I caught him with lies after lies.
If you trusted him, and sent him our chips, and he made off with them, then that's your fault for placing our chips in his hands. I'd get behind deducting 32 sample chips worth from your total. We even agreed to send 8 to BKKCoins. What ever happened to those? Anyway. No need to explain myself.
There definitely is need to explain yourself. 32 sample chips are missing from this group buy. You lost them. You should pay for them. |
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I did not steal anything. Prodigits7 has the 32 sample chips. I have a recording of him saying he has it as well. I am in the same situation as everyone else right now.
You also need to be careful with prodigits7. He's not who he says he is. He claimed to have made Avalon Clones. I met up with him and he showed me a few parts but not a fully working one. I was stupid enough to believe him. I have all his lies recorded. Thank god I didn't trust him to receive the KnCMiner refunds. Who knows what he would have done. Anyway, I am refunding people from my other group buy right now.
Well then why the FUCK did he have "NEO-ASICS" as his avatar and why the FUCK did you let him continue to operate as your proxy when you knew there was something up and felt the need to record him? This is some serious fishy bullshit raging. I hope you understand how fucking crazy this sounds. How do you know he's not who he says he is? What did he lie about? How did you come to know that he was lying? Seriously? Why are you choosing now to release this? How long did you have this information before you decided to cue us in as this guy you don't trust paraded about trying to make deals with people using YOUR assembly business' name? |
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hey guys,
Let's make one thing clear... I do NOT have the BTC from this group buy. I never did. JohnK was the escrow and he has everything. He will be around soon, I don't know where he went. I do not have the chips from this group buy either .... that's why we are being refunded.
except for the sample chips... Can you pay for john k's escrow fee/ the people who took over since you kinda failed as a group buy organizer... That's not how it works, Noitev. You are paying JohnK's escrow fee, because you are now getting the full force of his protection. Agreed. There were two participants; Raging the group buy coordinator and Raging the chip purchaser. The group buy coordinator has already conceded that he doesn't deserve his group buy coordinator fee. But the chip purchaser shouldn't have to pay the full fee of the escrow; that was something we paid for our protection. John K is now providing us a service of coordinating the refund. Not sure why people believe Raging should pay the escrow fee TOO. |
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