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ShroomsKit... Tell us the truth... Did you sell yet?
And Nagle... Did you buy, Nagle?
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Agree. They can't treat their first buyers as shxt. I don't understand all these people who complain about them "overpriced" and "robbery". If you don't like the price then simply don't buy. There is no lack of demand even at this price, so nobody cares about your complaints. Obviously AM reaps the benefits of no competition, and that's okay, because the price is determined by market, not production costs. You don't expect friedcat to be marxist even though he is from "communist" China.  Yes, no one forced people to buy them. But people are stupid and will be pissed off at you once they'll realize they can't turn profit on their 2BTC USB-sticks. I already wrote about this before that they should decrease prices in steps not to piss off buyers. For example price decrease of 0.1BTC every week (and a bit lower initial price) right from the beginning would not piss off so many people as it does now. It probably still wouldn't be profitable, but at least less people would be angry, therefore buying more in the future and even with decreased prices the revenues still can be as high due to increased volumes. Of course you can enter the numbers into https://bitclockers.com/calc (mining calculator) and see for yourself. An estimate on difficulty growth is not so hard to make either. Just look at hashrate increases from last weeks and enter the percentage. But I as already said, people are stupid, and for their own sake (AM) should not piss off the buyers so they will buy more products IN THE FUTURE. Man, thinking you were going to turn a profit from those usb miners priced at 2BTC is really beyond me. I get there are some retards buying them for $400 on ebay, but seriously... How retard you have to be to buy one of those for $400? I mean... You run out of retards sooner or later. Unfortunately, I think that at 1BTC we have pretty much the same situation. Sure, some other retards will show up and will buy them at $200 on Ebay - that's the only way to profit, because those things will NEVER ROI mining - not at 2BTC, not at 1BTC. Don't get me wrong, I will gladly buy one of those only because I think it's a revolutionary item... The mini, USB miner! But thinking you are going to "profit" from them, unless you apply the Greater Fool Theory... Come on... The only way to "profit" from those (mining) is to buy them at $25 or below. |
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LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door. Still, you paid in BTC and you'll get a BTC refund, so no issue there... Agree on that, see my previous post. |
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Another is that particular classes of investments are forever; such as alcohol, guns, ammo and uncontaminated land. And strange as it may seem, common table salt if you live more than 100 miles from a shoreline.
Gold, on the other hand, is pretty much useless unless you already have at least one of the first four things above. It's also wise to stock up on gardening books, and perhaps take up beekeeping as a hobby.
Personally, I've already done all of these things.
Man, you forgot about THIS:   |
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He is certainly not paying 80,000 USD for 10,000 chips to TSMC. And he is certainly not ordering 10,000 chips at a time. And as I have said before, his product being in high demand, he can sell that order to someone else. I am sure he loves to have minions like you around who would do his job of fooling people for him.
Man, you sound very butthurt for being late to the party. Wake up, the time of huge ROI in mining is GONE, we're back to normal. If you don't want to buy from Avalon, do not buy, we all know they are not paying 0.078BTC per chip to the fab. But... But... Wait.... How many BTC will each one of those chips generate? Well... Potentially much more than 0.078BTC! Wow, what a surprise... That's why you want them, right? So... Do you want Avalon to sell you a chip that potentially generates $100 for $1, and if that investment gets riskier because you were late, you want to have the right to chicken out. Yeah man, keep dreaming - again: you arrived late to the party, sorry for that. You should have bought a couple batch #1 and you would now be grateful of that insane return that no other company has never ever offered you (and will never again), and you would be looking at things with a bit of perspective. But, I know, being late feels bad. |
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LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door. |
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Bitcoinorama,
With all due respect, how can manufacturing incompetence of B#3 affect chip orders, except out of spite?
It is not like the chip orders are given prioroty over miners. If that were so, I would be in concurrence.
In fact batch #3 enourmous price was calculated on some estimated difficulty, once they ship chips first they will pump up the difficulty, screwing all batch #3 customers over, and will not fulfill the deal/agreement with customers Very true, but as customers we can just take our money back and put it elsewhere. That's the only thing we have left. If he can refund Batch3, why can't he refund chip orders? Its the same thing. He is just being greedy, and it hurts him to see the money going out. Post your order # and let's see if Bitsyncom refunds you. After all this whining, I'm pretty sure he will. Let's see, give it a try of you want it so badly. I haven't even ordered yet. And I don't think I will. His practice is shady. So... You want to place an order for 10,000 chips, an order Avalon has to forward to the fab and pay for it, but at the same time you want to keep the right to chicken out if the difficulty skyrockets before you receive them? This is what you want, right? What do you believe, that they can get refunds for their fab? Keep dreaming, TSMC won't refund any customer that "chickens out". |
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Very true, but as customers we can just take our money back and put it elsewhere. That's the only thing we have left.
Batch#3 customers could receive some extra chips to recompense those delays That would be great - what about a partial refund? Units where priced at $75 because the diff. at delivery was expected to be between 10 and 12 million... Now it's double, what about a 37.5BTC refund to all customers? That would be awesome, and would be consistent with the logic Avalon followed to price their units, as they insisted on the fact the price was calculated on ROI based on difficulty expectation.... But.... I'm quite sure this won't happen. |
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Bitcoinorama,
With all due respect, how can manufacturing incompetence of B#3 affect chip orders, except out of spite?
It is not like the chip orders are given prioroty over miners. If that were so, I would be in concurrence.
In fact batch #3 enourmous price was calculated on some estimated difficulty, once they ship chips first they will pump up the difficulty, screwing all batch #3 customers over, and will not fulfill the deal/agreement with customers Very true, but as customers we can just take our money back and put it elsewhere. That's the only thing we have left. If he can refund Batch3, why can't he refund chip orders? Its the same thing. He is just being greedy, and it hurts him to see the money going out. Post your order # and let's see if Bitsyncom refunds you. After all this whining, I'm pretty sure he will. Let's see, give it a try of you want it so badly. |
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Bitcoinorama,
With all due respect, how can manufacturing incompetence of B#3 affect chip orders, except out of spite?
It is not like the chip orders are given prioroty over miners. If that were so, I would be in concurrence.
In fact batch #3 enourmous price was calculated on some estimated difficulty, once they ship chips first they will pump up the difficulty, screwing all batch #3 customers over, and will not fulfill the deal/agreement with customers Very true, but as customers we can just take our money back and put it elsewhere. That's the only thing we have left. |
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Well, one week with no answer regarding a simple question: did they order the chips yet? If yes, what's the ETA confirmed by the fab? If not, it is because they did not reach the pre-funding amount they needed? If that's the case, how far are they to reach the goal?
All the other questions have been answered very quickly, so I assume the answer to this question is "no, they have not ordered the chips yet". That's very worrying.
No it's not, yes they did answer. You're either not paying attention, or stirring the pot. Patience. Well, then I was definitely not paying attention, sorry about that. So... Yes they did order the chips? Do we have an ETA? Serious question. I said I had passed on all concerns, inc. yours and brontosaurus (who is not a customer, but was intent on defaming KnC, and had raised some worthy questions) to Sam (although this could have been done by yourself, or anyone else). Of the list of q's some are deemed competitor sensitive tech related,they were passed to Marcus to see how he felt about answering/revealing. I followed up asking for some answers and was told on the same day he posted in the forum also week in the speculative PSU thread, there is a revised specs update next week, this includes chip order info. I have posted this in several other threads inc. this one myself. Next week is now this week, and it's Monday afternoon, so chill, I really cannot see how you will last till September if you are this impatient. They've not done anything wrong yet, but all the fear, greed, envy, and associated BS stems from other people's impatience. If when asked again, and again what the areas of concern with KnC are I had thought to state other people's impatience, along with competition in hashrate and BTC future price I would have. If you cannot tolerate periods of silence for more than a few days, couple of weeks this is not for you. They said to me and all in attendance they were selecting the foundry and ordering in a few days at the open day. I trust they have done this. I know they have met their NRE costs. So for all intents and purposes there is no mystery in the fact they don't update every hour/24 hours aside from the fact they want to when they have something worth revealing, which they said they have. What it is I don't know, will it involve chip order info, certainly, why? Because they said they would have that done by now, but they are under no obligations to reveal which foundry. You get a hell of a lot more info here than you would in a publicly listed company on the stock exchange. They only need to communicate with you if anything is price sensitive related to share price. Well, one week with no answer regarding a simple question: did they order the chips yet? If yes, what's the ETA confirmed by the fab? If not, it is because they did not reach the pre-funding amount they needed? If that's the case, how far are they to reach the goal?
All the other questions have been answered very quickly, so I assume the answer to this question is "no, they have not ordered the chips yet". That's very worrying.
No it's not, yes they did answer. You're either not paying attention, or stirring the pot. Patience. Well, then I was definitely not paying attention, sorry about that. So... Yes they did order the chips? Do we have an ETA? Serious question. I said I had passed on all concerns, inc. yours and brontosaurus (who is not a customer, but was intent on defaming KnC, and had raised some worthy questions) to Sam (although this could have been done by yourself, or anyone else). Of the list of q's some are deemed competitor sensitive tech related,they were passed to Marcus to see how he felt about answering/revealing. I followed up asking for some answers and was told on the same day he posted in the forum also week in the speculative PSU thread, there is a revised specs update next week, this includes chip order info. I have posted this in several other threads inc. this one myself. Next week is now this week, and it's Monday afternoon, so chill, I really cannot see how you will last till September if you are this impatient. They've not done anything wrong yet, but all the fear, greed, envy, and associated BS stems from other people's impatience. If when asked again, and again what the areas of concern with KnC are I had thought to state other people's impatience, along with competition in hashrate and BTC future price I would have. If you cannot tolerate periods of silence for more than a few days, couple of weeks this is not for you. They said to me and all in attendance they were selecting the foundry and ordering in a few days at the open day. I trust they have done this. I know they have met their NRE costs. So for all intents and purposes there is no mystery in the fact they don't update every hour/24 hours aside from the fact they want to when they have something worth revealing, which they said they have. What it is I don't know, will it involve chip order info, certainly, why? Because they said they would have that done by now, but they are under no obligations to reveal which foundry. You get a hell of a lot more info here than you would in a publicly listed company on the stock exchange. They only need to communicate with you if anything is price sensitive related to share price. Bitcoinorama, I have been asking a very simple question for more than a week now. Did they order the chips and do we have an ETA confirmed by the fab? No tricky questions that can reveal technical stuff that can fuel their competitors. Really, that's the most important thing I want to know, you will see that I've not been asking anything else lately. As soon as they tell me "the chips will arrive *this or that week*", I will keep quite until then - I can guarantee you that. |
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Why? He's hilarious. Its like a better version of proudhon.
Mmmm?? i will close today session under $100 Yeah, there's so much humour in the quote above, so intelligent, so funny, so.... Hilarious? What do you smoke? It's pure crap. |
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 Stop quoting him THIS +10,000 You are making a very poor service to the community quoting a guy that has been ignored by 99% of us. Please join the happy pack and push that red ignore button. |
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So asking for a refund would give you a positive USD return...
If I'm not mistaken when batch #3 opened (was it 26th or 27th of March?) Bitcoin was around the same exchange rate as per today, ie $100ish... Maybe a little bit less ($90?), really don't remember the exact figure, but I remember making the calculation that in USD it costed aprox. $7,000 Anyhow, I don't care - I spent BTC for a unit priced in BTC - what's this thing about "positive USD return"? Are you joking? Please be serious. Is like getting a USD refund for a pair shoes you paid in USD and thinking "well, I got a positive yen return".... LOL I spent 75BTC and I get 75BTC back - full stop. That's break-even in my book. Or if you lend me 100BTC now you will be OK if I give back 100BTC to you in 6 months with no interest whatsoever, "because the USD/BTC exchange rate went up"? Very flawed logic. |
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Sorry, but check this thread: https://bitcointalk.org/index.php?topic=238474.0You will learn that in these forums auctions are nothing but "a device to assist in price negotiation" (literal quote from the admin). You can aritificially raise the price with alt-accounts (aka "shill bidding"), not honor bids, not honor winners, etc. etc. etc. and you will never get a scammer tag. The only way for CanaryInTheMine to get a scammer tag would be him to have signed a binding GPG contract with you, stating that he would have honored his bids if he won. Sounds like a joke? Unfortunately I agree but these are not my rules, but the official forum's policy regarding auctions and scammer tags. |
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Well, one week with no answer regarding a simple question: did they order the chips yet? If yes, what's the ETA confirmed by the fab? If not, it is because they did not reach the pre-funding amount they needed? If that's the case, how far are they to reach the goal?
All the other questions have been answered very quickly, so I assume the answer to this question is "no, they have not ordered the chips yet". That's very worrying.
No it's not, yes they did answer. You're either not paying attention, or stirring the pot. Patience. Well, then I was definitely not paying attention, sorry about that. So... Yes they did order the chips? Do we have an ETA? Serious question. |
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I feel like a dope for paying 1.99 for several of these. Part of my "value" calculation was the ability to mine for a period of time, then resell the hardware. Now that possibility is gone.
Even your resellers are fearful of ordering another lot for fear they will be undercut again by price cuts and have a lot of unsold inventory.
In hindsight, you should have picked a reasonable price to begin with and stuck with it. There's no way I will order any more of these for fear of getting fucked again.
Only reasonable price for those is $25ish. |
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100$ coins soon  i'm going place some bids  |
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Anyway is the refund USD or btc fixed?
Batch #3? BTC, there was never a price in USD for batch #3. |
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Well, one week with no answer regarding a simple question: did they order the chips yet? If yes, what's the ETA confirmed by the fab? If not, it is because they did not reach the pre-funding amount they needed? If that's the case, how far are they to reach the goal?
All the other questions have been answered very quickly, so I assume the answer to this question is "no, they have not ordered the chips yet". That's very worrying.
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