Guys, please keep in mind that i'm at work and i'm playing with fire by lurking the forum at this time. I actually got a written warning because of this, so please excuse my absence. Will be back later from home.

I'm planning on moving to a more efficient chip, such as the Bitfury. Then moving to Knc, then Bitmine, then Terraminer. This is due to October, November, December, January in the same order. The idea is to offer the same power according to the current difficulty. If you've paid for 4.5 GH back in June, now that's worth 10 GH. So i'll offer the 10 GH/s instead of the lousy 4.5 that is not making anything (BTC) anymore.

Cannot pick up the phone man, i'm driving... But you did get the refund today. Hope to get a beer some time... When i'm not too busy..

Because as bad as it seems.. it is even worse. But it has a potential of being better. Many of us want to stay in. Hence i cannot and do not want to refund all the table. Only the ones who actually want that refund.

Surprise-suprise, he has actually answered his phone! ))
Are you happy? Hope so. Are you being scammed? No. Are you desperate? It sure feels so... I am too.. but i'm going to unload my nerves on the forum. In fact i could start yelling at Yifu right now... But you know what? I won't. Instead, i'll try to find you a way to make profit in this god**mn jungle. Speaking of it, i've already found it. And it freaking works.. Well.. if BitFury actually delivers.

Not entirely true. People don't want chips. They want rigs that can mine Bitcoins. period. Chips can't do the job on their own.

About the second part... what? Why don't you PLEASE check the info you're typing, would you?

Thanks....

Don't forget those are my own personal chips.. If they are worthless, they are my loss, not yours. Regarding my btc address and the funds going in and out: People are getting refunded. Also passing a list of persons to John for refunds. Don't forget that there are people who don't want a refund, and instead they want rigs made of BitFury chips, the ones that could keep up with the difficulty raise. Thus, no funds were lost, even if the difficulty has raised rendering Avalon chips almost worthless.

Hi all,
Sorry but i haven't got time to read all questions since i've posted last time. I know it's my fault, but if a day had 30 hours that wouldn't be enough either..

So, update:
- Both batches were asked for refund. Waiting for John to receive the BTC back. Batch 2 has been refunded and i'm intending to send a voting form for batch 2 people also. (You can ask for a refund or you can ask to invest in something else)
- For the ones that want reinvestment in something else, i've made several "BIG" arrangements to have the hosting option possible. This is why i haven't hot even the slightest chance to post on the forum (besides the fact that if i continue lurking the forum during the day, i'm gonna get fired...)
- There will be a bigger reinvestment in BitFury and KnC miners. These two are delivering the soonest. Discussions are on the way to ensure the delivery of this hardware.
- Working on some numbers regarding the total Hashing power i'm trying to aquire. Rest assured: You may have paid for 4.5 GH/s in Avalon terms, but in Bitfury and other terms this will be an equivalent to >10 GH/s. No funds will be lost.

Will post back later tonight, with more info. Apologies for not answering the forum. I'm resding stuff, i just don't have the time to write back. But i promise i'll make time for communication too.

Regards,
Steve

Interesting idea, Plazma. However, i don't really trust Avalon can deliver in October.. anymore.
In other news, chips will be refunded from both batches. Only chips at the moment. Whoever wants to stay in, reinvest in something else, is welcome to stay. Whoever wants out, will be refunded.
More news in the morning, i've got several pages of math to do. I hate to keep you in the dark, but i still need my numbers right.

I'd like to say so much on this. but cannot reveal info right now. No good news from Avalon, though, no tracking number, no reply to my e-mail.. Whatever. Let this be the last time I (we) trust them in shipping us something within reasonable time.
Anyway, i may have some good turnaround plans to get us all out of this big pile of sh... shit-uation we are in right now. More info in the evening, i'm still at work right now and it's getting dark..

Website orders qualify for batch 2 since there was still no website in May.. However, you can be refunded by someone else. Lots of people still interested

Let me clarify that by asking a refund, all the costs of the chips in batch 1 will be fully refunded...

Yes

It is possible, but not at this moment.

Voting form created in Google Docs. PM sent to every batch 1 customer. This way i can weight the votes against chips owned.

Regards to all....

Yes, indeed. The total BTC spent will give shares of the same value. The rest (if there's any) will be refunded to the user.

BTW, i would also like the idea to convert the whole batch1 funds to shares and buy Cointerra machines.. They would cost 10 times less than Avalon chips + board manufacturing... But let's go for the voting for now. See what happens later.

Actually.. I'm going to stop the voting option using the poll. I just don't consider the forum tools good enough to fit the purpose. Please4 take the time and vote again, i will create a google docs voting form and share the link..
Sorry for the double work, but it's just what it is..

PM sent

Hosting updated on the first page too, for the sake of simplicity in finding information.

Hosting made possible at several locations here in my town. Cooling made possible with the help and equipment of several of my friends. Net redundancy made possible via two internet providers.

The miners will be assembled and started asap. The gathered BTC will be divided to the members of the GB, exactly between the members who has explicitly voted for this option. The BTC will be proportionally divided based on chip count owned. Electricity costs will be deducted and exchanged into fiat. The costs will have proof (paper bills) and proof of payment (receipts).

In short: who wants chips sent to them, will get chips. Who wants miners will get miners. Who wants hosting, the option to keep their miner at my place without extra cost (for the first 3 months) will receive BTC on a weekly basis. After 3 months, i will take 10% fee in BTC, on a weekly basis. Who wants refunds for their investment will get their BTC refunded. Note that there are many people asking for chips, so you might get the refund from someone else than Avalon. Many people still want in, so they will take your place and you will get refunded.

Let me know if that is detailed enough / Ask any question that is still on your mind.