@Yifu/Bitsyncom please dont hold back the chip shipment because of b3 miners...

[Ytterbium]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

It's highly unlikely that the WSJ would make that mistake.

[erk]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

It's highly unlikely that the WSJ would make that mistake.

Especially since they seem to know about the 20nm TSMC deal.

[Tursk]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

[Sophokles]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

link/reference please?

[eve]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

[alchimista]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

+1
Really, should have bought KnCminer.

[BitCsByBit]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

If this is true, everyone with chip orders should be first in line and receive a free upgrade to the upcoming 20nm chip quoted in the article. Wouldn't that be nice 

[SebastianJu]

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

You realize that iam one of those organizers and i opened this thread? But if you say i dont do anything would you please kindly inform me what i can do? I tried calling yifu for days 2-4 times each hour. He wont answer! The same goes for tickets and emails. So what do you think what can i do?

5 weeks is nothing.  Par for the course is 4-5 month wait for batch 2 and 3 Avalons.  What's that you say?  These are chips and shouldn't take as long to ship?  That's what we all said with Batches 2 and 3:  "Oh they already have a supply chain, manufacturing and shipping process in place, they'll ship these out faster than batch 1."  Nope.  You will wait like the rest of us did, and it sucks.  But that's Avalon for you.  Just be patient.

5 weeks is nothing? In one month you lose around 50% of your income you would have mined. See http://mining.thegenesisblock.com/ So dont tell me thats nothing. The difficulty now is rising way way faster than it was some months ago. 62% higher difficulty each month.

And regarding the chip delivery. You dont see a difference in miners and chips? Then what problems can you imagine that would delay the chips? We know he ordered 10 weeks ago at the foundry, we know he got already huge amounts of chips but... we dont get them. What problems do you think can appear?

[SebastianJu]

A factor till now no one spoke about is that Yifu wanted to help bitcoin. So he offered the chips, released the specs and many people invested time and money to make a business out of it. See a incomplete list in my signature. They created miners, they made contracts, created shops and now Yifu kills them slowly, their business and their investments. I mean the more he waits the less miners will be bought or created since at some point its not worth anymore to create or buy a miner. The profitability is sinking everyday and so the profit/demand. So all this work involved to help bitcoins now slowly goes to waste only because he dont start shipping the chips.

[Bitcoinorama]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

If this is true, everyone with chip orders should be first in line and receive a free upgrade to the upcoming 20nm chip quoted in the article. Wouldn't that be nice  

It's FUD. It was released on a Sunday night with a shill twitter account and a two day old site with a dodgy landing page.

Some journalists have been contacted direct and some have run with what they saw. None did any background as it was late in a Sunday night and they couldn't confirm, but the snowball produced by the hoaxer had gathered enough momentum by that point.

Surprised by the WSJ though. Andrew Laurus does not exist and for the record w.r.t the first article, Kim Dotcom doesn't follow him on the pseudo Twitter account, he follows Kim Dotcom on a shill twitter account that resembles a 15-year olds outbursts...

https://www.twitter.com/frankieterrier

Last time someone woke 'Yifu in the middle of the night' because of FUD he came on this forum to put the record straight. Someone with wayy too much time on their hands is clearly trying to elicit some/any response from Yifu so he steps out into the open at a time he's ignoring a lot of requests to do so...

[Stack]

Please stop flaming the group buyers. without them, there'd be absolutely no opportunity for entry-level investment

If you're against group buys.. go raise the cash to place your own complete order... and if.. in the likely chance that you can't... well.. there's always BFL... think your chances are better over there?

the group buyers gave us an opportunity, it was still always up to the individual to assess the risks of the chips being late or undelivered. And as has been said... it was a proven chip that's been produced before.. it had a definitive deadline... there were no signs that they were about to fall off the planet like this... there were issues with sample chip delivery.. but inevitably they still reached the developers who needed them... so things kept moving forward... willing to bet anyone claiming to have seen this coming would've been the same people complaining that they missed out on all the DIY Asic opportunities had all gone to plan.

/end rant

[alchimista]

Really, i don't care about group-buyers making money, or ROI for my chip order.

But i care about the way Yifu/BytSynCom relates to his customers.
It's a shame that when one of the TOS is broken by the company, we don't get an announcement explaining the reasons of the shipping being late, or at least a public excuse.

He could at least say what's going on, just like:

1. We are holding the chips because asicminer gave us money to do this, so he can get enough time to organize his hashrate

2. The chips are at the frontier because chinese government seized all of them

3. Some bankers took all of our chips to make 51% attack so they don't have to make lower fees for transactions

4. All of our chips are broken because Yifu tried to swim in a pool full of them like Scrooge McDuck

5. ALIENS

[itod]

It's FUD. It was released on a Sunday night with a shill twitter account and a two day old site with a dodgy landing page.

Some journalists have been contacted direct and some have run with what they saw. None did any background as it was late in a Sunday night and they couldn't confirm, but the snowball produced by the hoaxer had gathered enough momentum by that point.

Good judgement, congrats:

Update – Aug 5, 12:58 PM GMT : CNBC just reported that Joe Lewis denied the WSJ story cited below. More details as they develop.

Source:
http://thegenesisblock.com/billionaire-investor-and-samsung-lead-cpu-architect-bet-on-bitcoin-mining/
Scroll down a bit to the article about the Avalon.

[bitcoiner49er]

I can't really be surprised. I mean Yifu, Josh, even Friedcat are producing bitcoin/money-printing machines. Should I be surprised that the temptation of making more BTC overwhelms them? Yes and no. Honestly it just speaks to Friedcat's integrity more than anything (at least so far). Yes their prices are high, but when he promises delivery, it happens. The same cannot be said about BFL and Avalon.
I would agree with the poster who mentioned that it's easy to stand back and tell everyone that took a chance with Avalon chips, that it was easy to predict. Well thanks for advice; after the fact. In fact, I was more worried about choosing the right assembler, more than the chips. Lesson learned, and I anticipate it will continue for the life of ASIC mining.
Before recently, it was CPU or GPU mining. Products made by companies who were not involved in mining. The products were available and you could buy or not buy as you wanted. Enter the world of ASICs and now we have miners built by people who know what they do and the fact that making your own increases your wealth. So IF you sell, you are adding to the difficulty of mining and creating competition for yourself. It will be rare for an ASIC company that delivers straight forward communication and product.

[tiros]

Well, they just got a $200m investment. Hopefully they'll be able to provide compensation for everyone who's orders were delayed

The USD200m story appears to be misreported FUD about Avalon Ventures, which is different from BitSynCom llc (company name is not Avalon)

So Yifu founded a new company, big deal.

Couldn't care less, but where's my chips!?!

where's my chips!?! All those promoters promoting their group buy, sweet talk on the Avalon Chips, but now we need
their help they are not around??

Clearly you dislike reading and gathering information's before you post. Guess who opened this thread.

btw I would like to know how many of us are able to buy 10K of chips for our own needs and where such an action would left you. Probably dreaming how you could get rich only if you had 780 BTC in your wallet.