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I'm gonna throw in the towel; I change my vote to refund. I haven't paid for assembly yet on these chips so it doesn't make sense to hold out any longer.
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Still no tracking? Sorry, I'm a bit anxious.
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I thought he said they will be ready for shipping on Wednesday. In most of the world it's still Tuesday.
Given their history I would also give them a day or two extra to get tracking numbers out etc. No need for panic coz they haven't shipped early
It's already Thursday in China, 00:45am. Still Wednesday morning in California; 9:53am. |
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The service fee has been reduced to 5%, which seems fair. Thanks for the update.
Still curious to hear about assembly, parts and shipping.
Seems fair? This is absolute bullshit. Steamboat already made 10% on each chip order. Why does he deserve another 5% for essentially filling out a refund form from Yifu. Granted he will have to deal with all the paperwork but that was what he signed up for when he organized this group buy - total control. Why was every other group buy organizer able to provide a 100% chip refund?This is absolutely outrageous. 5%? What the fuck are you smoking? He's refunding 95% of your purchase price. That's 100% of the chip cost PLUS around 50% of his surcharge. That means he's ONLY keeping 50% of his surcharge, or around 5% of your total cost. How can you be a miner and be this bad at math? Maybe a mutual fund would be better for you, no? I redacted my statement a few posts later, maybe YOU should learn to read and stop posting your holier than though non constructive posts. Was probably posted while I was posting, I left it up for a bit. My post is not "holier than thou gh". I'm just tired of people getting so worked up about all of this. Everyone and their mother has been told to "not invest more than you can lose" in bitcoin. Mining is doubling down on risk. It's a risky business. I feel like there is a core of mature, level headed individuals in these threads and a bunch of screaming harpies. If everyone would gather all of the info before grabbing pitchforks and shouting about how "unfair" life is, everything would go smoother. All of this other noise just makes it harder to sort out what's really happening. |
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What's the problem here considering Steamboat is trying to make the best out of a situation that is literally beyond his control?
The problem is that other groupbuys are getting a 100% Refunds. This is because these other groupbuy operators want to have future successful groupbuys and maintain a reputation as being an extremely honest and fair operator. Other groupbuys are not this group buy. You agreed to terms of service. If you did not like the terms, why didn't YOU participate in THEIR group buys instead of this one? Wahh! They got ice cream! I want ice cream!Quit your bitching. Things are looking up for those who want refunds. |
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The service fee has been reduced to 5%, which seems fair. Thanks for the update.
Still curious to hear about assembly, parts and shipping.
Seems fair? This is absolute bullshit. Steamboat already made 10% on each chip order. Why does he deserve another 5% for essentially filling out a refund form from Yifu. Granted he will have to deal with all the paperwork but that was what he signed up for when he organized this group buy - total control. Why was every other group buy organizer able to provide a 100% chip refund?This is absolutely outrageous. 5%? What the fuck are you smoking? He's refunding 95% of your purchase price. That's 100% of the chip cost PLUS around 50% of his surcharge. That means he's ONLY keeping 50% of his surcharge, or around 5% of your total cost. How can you be a miner and be this bad at math? Maybe a mutual fund would be better for you, no? |
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Everyone here who is doing so, needs to stop BLURRING the lines.
I purchased chips.
I didn't want miners built or hosted or anything.
I wanted chips and chips only.
How is it fair that profits from a groupbuy of chips are now being spent on covering the losses and risks of Steamboat's hardware operation? His Hardware customers should have been covering that. If he is taking a loss on that business then why punish his groupbuy customers by taking money for a product never delivered, and using it to cover losses on a business risk that went sour.
The money for the Chips is one issue.
The money he spent on hardware is another completely separate issue that he should address with people who want his hardware or hosting (not me).
This is foul, and the stench will last for a very very long time.
To know that most/all other groupbuys are getting a 100% refund and we are not... This is extremely telling.
Pretty sure they are separated. Steamboat charged a 10% fee for his services. He felt his services were worth 10%. He has provided his services. His services were to organize a group buy and deliver chips. He has fulfilled his side of the bargain thus far and is entitled to some compensation for tracking the chip purchases and dealing with everyone's bullshit. 95% of your cost is being refunded to you in direct contradiction of the stated terms that you agreed to. The assembly service is separate and is being treated as such. Fuck I hate most of you people. I think I'm going to comb through these threads when I get some time and ignore all of the people who can't read, can't do math, and can't control their tempers. There should be a bitcointalk for grown ups; this has turned into the kiddie table. |
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dropped off, yea. just got back. this heat is torture... i'll get tracking out to you guys later. i gotta get to work.
Tracking today? |
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…and 10% + 5% = 15% total markup.
You don't do maths so good. If 100% = .078 per chip from Yifu, then .086 ~= 110%. If we get back .081 per chip, we're getting back 104% of the chip cost, or 95% of our final cost. Where do you get 15%? |
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I updated the Google authenticator app before seeing the warning on Bitfunder...
For the moment I'm still logged on the website, but unfortunately I can't disable 2-FA authentication without providing a valid code (which I can't, since the app update erased my existing data).
What should I do?
My phone shit out yesterday and now I have to rely on another phone, which means I have to install google app again. When will this be resolved? |
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For purchased orders prior to today.
The above applies to all orders previously purchased, with the following exceptions.
Customers which have already made a purchase will have the option to purchase additional chips for the original price of BTC0.086, so long as there are chips available, and any chips purchased and not used may be refunded the purchase price or shipped along with the completed units.
Each customer may choose to submit a refund request for a single order or all orders they have placed, but must refund each order in its entirety. Partial refunds for any order will not be accepted.
So partial refunds from Yifu can't be honored, but surplus chips ordered to protect against damaged chips can still be refunded if assembly has been purchased, right? This is still in effect if someone still wants to go forward with the miner? I have 2 orders, batch 3 and batch 5, and batch 5 I ordered 9 extra chips as surplus. I can still get a refund on the 9 chips assuming I don't use them, right? |
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aside from 2 guys who's addresses i don't have, everything is ready to go. i just needto drop them off at fedex office later today. shouldn't be any problems.
We shipped yet? |
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Maybe if enough people refund, difficulty won't skyrocket as fast and my batch 3 order will get closer to ROI than a refund will.
Everyone REFUND!
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1.36 is indeed less than 1.5. Hence the term almost.
Almost indicates it's nearly there, as in, insufficient, not yet there. So that term would be wrong. 1.5 would indeed be in excess, more, sufficient to cover (1.36) etc etc and so would the opposite of almost. ;-) It depends on what you mean by there in the term "not yet there". The price is so low, it's almost just the cost of chips. It's not quite "just" the cost of chips, but "almost" the cost of chips alone. It's appropriate in the sense that I'm trying to convey that he is "almost" giving away assembly. So it would not be the wrong term in the context I'm using it. |
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V2   Not sure about the color scheme, but this is my favorite so far. |
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I also noticed the new namecoin warning, when using a valid address. Is this the first glimpses of merged mining coming back to life?
Or it's final death throes. |
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In batch 5 I have 25 chips; I've paid for assembly on 16. I'd like a refund on the other 9. Not sure if that is logistically possible, but that adds to the stack.
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1.36 is indeed less than 1.5. Hence the term almost.
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Well... Maybe I'm gonna offer 1.5btc per complete k16 if any of you wanna sell once you have it in hand, but I don't think I'll profit doing that  That's almost the cost of the chips alone. I'll buy your fully assembled k16 for 1.5 btc. |
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