Liquid Synergy Designs Inc. -ASIC mining hardware

[mccminer]

Patiently awaiting my batch #6 refund as well. 

Steamboat.......Just wanted to say thanks for the batch # 6 refund.  I just got the email confirmation, and I see it in my wallet awaiting confirmations.  Too bad things didn't work out, but thanks for hanging in there and doing the "right" thing!

[Galli]

This has escalated quickly... not sure why there is so much stress.  You will get your coins back, relax....

[bigbeninlondon]

Refund received; batch 3 and batch 5 for 41 total chips.

Thanks Steamboat!

Looking forward to progress in the assembly arena.  Expecting that to pick up later though, I can understand getting refunds out would be difficult and time consuming.  Keep us posted.

[wrenchmonkey]

For all of you impatient types: processing hundreds/thousands of refunds in addition to organizing pcb/hardware development, being dependent on 3rd parties (Yifu) and optimizing "the plan" on each uncertain goal and missed deadline is a huge effort. I don't know how many people Steamboat would have to have on his team (company) to be able to handle all of that promptly.

I am glad that Steamboat does not spend time posting in this thread and assume that he is working on more important issues.

Also take into account that updates are sometimes not possible due to the rapid changing and uncertainty. Therefore the lack of an update is also an update.

I have a refund request pending, but I always assumed it would be processed in two weeks taken the current situation. I went into this group buy as a hedge for a BFL order, so I might be more stress resistant than the average buyer ;>

EDIT: For those who missed Steamboats most recent reply on September 18th: https://bitcointalk.org/index.php?topic=192916.msg3184148#msg3184148

Impatient types? It's been over a fucking MONTH! It damn sure didn't take him that long to TAKE all that money for chips. We were getting multiple updates/responses per day when he was pulling in the dough hand-over fist. He's still keeping 5% of our money for chips, and those who paid for assembly, he's keeping 75%, and he can't get his shit together to process our refunds for over a MONTH? He can't give more than an update every 1-2 weeks?

BULL. FUCKING. SHIT.

In case you didn't notice the bottleneck here wasn't SB, it was Yifu. SB cannot provide chip refunds BTC until Yifu refunds, which he just did for 2 more batches. SB could be better about more frequent updates, but he appears to be updating when he has material information to report back. I personally don't need lots of "I have no additional information; waiting on Yifu" posts every day.

The bottleneck was not Yifu, it was SB. SB just hid out when Yifu was giving refunds same-day, then he showed up again after Yifu had slowed down. If he'd struck while the iron was hot, we could have gotten the refunds immediately. The fact that he was hiding out for that week that Yifu was acting quickly is on STEAMBOAT, not Yifu.

He also caused major delays by not giving anybody any information about HOW to get a refund, in spite of repeated requests that he man the fuck up and get things moving, or at least give us direction so that WE could get things moving. Again, that's on Steamboat.

And you're right, you DON'T need updates saying he's waiting on Yifu, because he ISN'T waiting on Yifu. Yifu dealt with his part and processed the refunds. It's STEAMBOAT who is once again the bottleneck. He's got the money, and he's dragging his feet on getting it back to its rightful owners.

Try to keep up.

Mmmm... Okay. You got me. It was SB not Yifu. 

Sigh, tell me you're not REALLY this retarded...

It's not one or the other. Yifu definitely fucked us, and nobody disputes that, there's no getting around that Yifu's a piece of shit. That's not what ANYBODY is saying, and you're either being intentionally obtuse, or you're just a complete fucking idiot.

Yifu was giving refunds within HOURS, back while Steamboat was cowering (logging in, but not responding to this thread or PMs) for several days. Steamboat was the reason we didn't have refunds right then and there.

Even after weeks of Steamboat cowering, when he finally showed his face and refunds were requested, there was a short delay which is NOT on Steamboat, but on Yifu (again, if Steamboat had handled it when he should have, it wouldn't have been an issue, but regardless, THAT waiting period was on Yifu) during that time, updates would have consisted of "just waiting on Yifu" that was the ONLY time that this would have been the case.

Steamboat's got the money that was refunded to him, so once again, any further waiting is now being caused by STEAMBOAT dragging his feet, NOT YIFU. You can read Yifu's thread to see what I've had to say to/about Yifu, if there's any question as to what I think of that shitbag. But in THIS thread, we're talking about why STEAMBOAT's dropping of the ball.

If you want to suck his dick, go for it. Swallow while you're at it, and don't neglect the balls, I don't really care.

I just want my money, which is currently in Steamboat's (not Yifu's) possession, and has been for long enough. There's no ambiguity here, he's got all the relevant information needed to make it happen. It only requires him to get off his lazy ass and do it. He's had a month. Time to get his shit together.

Welcome to my ignore list. It might be lonely in there -- you are the first one for me to add.

Oh noes! Not the ignore list! What'll I do!

*Yawn*

[rocks]

Woke up this morning and got the email confirmation+refund, thank you Steamboat!!  

320chips @ Batch5


edit:  Re-calc'd the total and realized both transactions were combined into one @ 95%.  Updated chip total to reflect total chip refund received.  Thanks again!

Grrrr, I put in my refund request for a large order in 2 weeks ago, and then resubmitted the request a week ago after receiving a notice that the signature needed to be done again.

Still no confirmation that the request was received. And now many others are receiving their refunds.

Steamboat, is there a way to confirm when you receive refund requests? I've tried emailing multiple times. This was a several thousand dollar order

[silicont]

The google form for refunds doesn't provide any means for a receipt, which is too bad.  At least with an email I would have a copy of it in my Sent folder.    So not having received a refund or a confirmation yet, I sent an email stating I have submitted a refund request.

[gym]

The google form for refunds doesn't provide any means for a receipt, which is too bad.  At least with an email I would have a copy of it in my Sent folder.    So not having received a refund or a confirmation yet, I sent an email stating I have submitted a refund request.

yeah I am with you on that. I wish I got some sort of response letting me know that at least my refund will be processed in the future. I am fine waiting as long as it takes..

[w33mhz]

Question, does anyone else think that waiting on getting the Avalon Gen2 chips is going to end up the same as this fiasco?  There was a serious break down in the supply chain here, breaking down at several levels.  Just because they come out with a new generation of chips this is suddenly fixed? 
To each their own here but if you just had chip orders only, without a doubt the best move is a refund, but if you already paid for assembly is it really the right thing to do and just take a large loss with a refund instead of just over paying for a under powered product?  I mean you could at least try and mine with it for a longer period of time and eventually get paid back while they worked on a firmware fix, or just try and get another board and possibly just populate it with the non hashing chips (that is just a speculation I don't know if the design would allow for that or not).
By the time Avalon Gen2 chip orders would get fulfilled it might even be a lost cause by then at the current rate of increase of difficulty.  Its all speculation, the price of BTC may shot up enough to account for the loss or not.  Just my 2 cents.

[Lollaskates]

Received refund for 256 chips in B#4. Thanks.

[nightengale]

Question, does anyone else think that waiting on getting the Avalon Gen2 chips is going to end up the same as this fiasco?  There was a serious break down in the supply chain here, breaking down at several levels.  Just because they come out with a new generation of chips this is suddenly fixed? 
To each their own here but if you just had chip orders only, without a doubt the best move is a refund, but if you already paid for assembly is it really the right thing to do and just take a large loss with a refund instead of just over paying for a under powered product?  I mean you could at least try and mine with it for a longer period of time and eventually get paid back while they worked on a firmware fix, or just try and get another board and possibly just populate it with the non hashing chips (that is just a speculation I don't know if the design would allow for that or not).
By the time Avalon Gen2 chip orders would get fulfilled it might even be a lost cause by then at the current rate of increase of difficulty.  Its all speculation, the price of BTC may shot up enough to account for the loss or not.  Just my 2 cents.

Demand escrow for any future purchases from BitSyncom, it apparently worked with loose chips purchased from BFL. I've read they're shipping loose chips even though they're no where near close to being done with their backlog.

[cardcomm]

For those posting that they've gotten their refunds, would you mind posting when you requested the refund? Might be a useful nugget of info for those waiting for refunds...

[w33mhz]

Question, does anyone else think that waiting on getting the Avalon Gen2 chips is going to end up the same as this fiasco?  There was a serious break down in the supply chain here, breaking down at several levels.  Just because they come out with a new generation of chips this is suddenly fixed? 
To each their own here but if you just had chip orders only, without a doubt the best move is a refund, but if you already paid for assembly is it really the right thing to do and just take a large loss with a refund instead of just over paying for a under powered product?  I mean you could at least try and mine with it for a longer period of time and eventually get paid back while they worked on a firmware fix, or just try and get another board and possibly just populate it with the non hashing chips (that is just a speculation I don't know if the design would allow for that or not).
By the time Avalon Gen2 chip orders would get fulfilled it might even be a lost cause by then at the current rate of increase of difficulty.  Its all speculation, the price of BTC may shot up enough to account for the loss or not.  Just my 2 cents.

Demand escrow for any future purchases from BitSyncom, it apparently worked with loose chips purchased from BFL. I've read they're shipping loose chips even though they're no where near close to being done with their backlog.

That is the best for protection on the buyer's and seller's side as far as a scam on either side of the transaction.  Only issue is we were funding the purchase of equipment up front, that was the deal we all agreed to entering into this group buy, thus the name "group buy" . 

But I do see your point this could have all been handled in a complex escrow with Yifu as well, but hindsight is 20/20 on that.  This is just a situation were there is no real good way out of, everyone walks away with a loss, its just a matter of how you want to handle recouping it.  I am more on Steamboat's side on this but people need to get paid for their refunds in a prompt manner.  I am sure he is going through a liquidation process which is causing a delay in payments of refunds.  That should really be communicated out to everyone though.

[cp1]

Yifu said he wouldn't do pre-orders any more, so theoretically escrow won't be necessary.

[hoss]

Unlike the noobz that post 'received funds and <BATCH NUMBER(s)>'  I will post properly, hopefully the rest will follow along. (This way we can better gauge where we are in the 'queue' )

I received my refund - my initial refund request was placed ~Friday Sep. 6th.


P.S my refund happens to include chips from B1 & B3  

P.P.S http://www.youtube.com/watch?v=ohXI3po8hK0


update:

For those posting that they've gotten their refunds, would you mind posting when you requested the refund? Might be a useful nugget of info for those waiting for refunds...

^^ just read back through the wall of text and saw this cardcomm, and yes I have silently been wanting to punch bitches in the ovaries for not posting the date of refund request. I honestly thing the majority don't understand the refund system, sadly those that have not already requested are now truly thrustfully boned.

[w33mhz]

Yifu said he wouldn't do pre-orders any more, so theoretically escrow won't be necessary.

Nice, I guess that's one way to put it.  More like no one will do pre-orders with him any more is closer to it.   

[Xian01]

Well, I'm sad, but submitted a refund for 288 chips in a Batch 5 order =( Sucks to have all the assembly costs in limbo. If Gen2 chips become available, and these K16's can be modified, I would like to make use of my assembly purchase for 18 units.

Good luck Steamboat !

[mtbitcoin]

Refund received for batch 2 and 3. I placed it 1-2 weeks after I got the email, don't remember the exact dates

Any word on the assembly refunds? Or will we be able to convert this for assembly towards Gen2 chips (if and when they exists)?

[eroxors]

People would do well to actually read the OP and all the updates so far. SB isn't entertaining Avalon batch 2, he's evaluating other "next gen" chips.

[bystander]

Unlike the noobz that post 'received funds and <BATCH NUMBER(s)>'  I will post properly, hopefully the rest will follow along. (This way we can better gauge where we are in the 'queue' )

I received my refund - my initial refund request was placed ~Friday Sep. 6th.

Yeah, forgot about that in my post earlier, for the longest time I had been wondering when everyone else's request was sent as well.  Then I go ahead and leave it out myself.
Rather than go back and re-edit the original post again, will post it here:

Received refund 9/19, original request sent on the evening of 9/4 (PDT). 

[Xian01]

People would do well to actually read the OP and all the updates so far. SB isn't entertaining Avalon batch 2, he's evaluating other "next gen" chips.

 Missed that in all the noise. Would be nice to think the K16 expenditures thus far could be re-purposed to work with something else.

 Fucking Yifu...