Was the person who received in same country?  That would mean no customs troubles.

What?! No.

1. There's a wallet that they still sit in.
2. They could goto Mt. Gox if they wanted to exchange.

Dude he's talking about the private equity deal that's taken place.

Which is ironic as Yifu at Bitcoin 2013 stated his greatest fear was a private equity funded company gain control of Bitcoin. Which is exactly what's he gone and done, first claimed by the members of Bitsyncom that split, then leaked to the WSJ, now confirmed by Yifu, and is what makes me so mad about this.

Don't judge these mining companies by their pretty words, but by their actions, as they tell an entirely different story and that's the only thing worth paying any attention to.

This is one of the things that surprises me about the deal that is supposedly taking place, surely the investor would have done some digging, seen a lot of these sorts of threads and realised that all is not as rosey as the bank balance is suggesting.

It's hardly like there are loads of BTC forums, simply Googling his Yifu's name brings up a few "alarming" ones.

Lol at people that thought Yifu is the good guy 

They have it set up to benefit themselves and their buddies at the expense of everyone else - all of them are working together as a top-down pyramid scheme. They just needed the rest of us to fill-in the purchases and absorb all the excess chips needed to fulfill the fabrication limits. He will refund you a bit to the point he gets heavily discounted chip prices to add to his hashing power.

The boards are probably already done with the chips on them.

One of the reasons I am suspect of at least some of the group buy organizers and assemblers (i.e., TH) is that they have not been vocal at all on this subject - they remain completely silent. Why have they not all banned together to find answers weeks ago? None of it makes any sense unless they are involved or in the know somehow. They may already have the chips and are mining with them. TerraHash was originally supposed to ship the first orders between mid and late July, then they said August 15, now there is NO ETA.

They didn't plan to operate like a full-on scam where nothing would be delivered, it would just be delivered late and they assumed everything would quiet down once they were delivered even though the ROI was drastically reduced. In addition the first chip buyers who have their orders may have benefited as well by having the rest of the hashing power halted.

There may be members on this topic who are involved but playing good-cop/bad-cop.

 
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REALLY?! So it's just now, when the fan is getting clogged full that YiFu decides to clue us in? He had to try and stop the hemorrhage that he created and came up with new music for the same dance. How did Batch #1 for Zefir get through, but amazingly no others? Not one ounce of apologetic verbiage in his whole sales pitch.   I would give my right arm for a person with power/authority to be honest for once in their lives. How stupid do you think we are YiFu/Josh/next ASIC creator? You can't even accept your role in the failure. Almost the whole frickin' world finds someone else to blame for personal/business short falls. Man up, give your customers some concession due to the late delivery of your products and take the hit in your bottom line. If you do this, I would respect you YiFu. I'm betting that won't be the case.

*sigh* Cor aut mors

Hi! I now understand bussines plan of BitSyncom. Several steps only:
1. Made over 1000% profit on chip and B3 preoders.
2. Deceive clients and fuck their minds through ignoring.
3. Build 100500 Avalons and chips on money from step 1.
4. Sell 5Ph at once, with 300% profit. Yeah for greedy naive clients. Difficulty skyrocketing and everyone buyer shocked.
5. Nobody ever made 100% ROI. PROFIT!!!

Ok I'm just taking a logical standpoint. Burnin' has been the textbook professional with respect to project progression and updates, regularly keeping all those involved with him upto speed.

He had to take payment in advance so he could quit what he was doing before, afford to live and pay for all the inventory required to design, develop, test and manufacture all the boards and associated components ahead of the proposed chip delivery. He's had to pay in advance for the labour involved and a sizeable order to be taken seriously by his board fabricators. He now has those items in stock. You asked, he's done his part, it' involved your cash and everyone else that put him upto it.

You all, Burnin' and yourself included thought it was a great idea. What could go wrong? The last people in the supply chain that anyone thought would intentionally mislead and refuse to acknowledge anyone was Yifu and Zhang. This is not Burnin's fault and I see no other choice than for your to take responsibility for some of your own risk if you chose this path and a payment method that's not covered by consumer protection and insured by a credit card issuer. I'm all for Bitcoin, obviously I wouldn't be here otherwise, but there's areas in which I would never use Bitcoin. Pre-ordering is definitely one, and payment protection is precisely for security in buying products and/or services that are delivered in future, i.e. travel, holidays, etc. This is not Burnin's fault and it's as much your risk as his. Sorry if you don't want to hear that, but you have to take responsibility for your own actions and not try and dump the blame on someone else...

Lol why so rude... Do u thing only u make investment? All bitcoin biz is a big risk for a players with big iron balls. U must to invest as much as u ready to lost!

Didn't realize the community had to order $14million worth of
chips to get some actual customer service and maybe a long overdue update.

Is it not out of their hands?! I thought a former disgruntled Avalon team member that wants to make his own next gen chip with the guy that calls Europeans lazy posted boxes of chips weeks back detailing volumes of chips in each box and the amount of boxes present equal to the chips on order, or am I way off the mark here?