WTF Avalon? Ship the Chips!

[User705]

I'm not sure how true this is but some say in China screwing over non-Chinese is considered a win.  Has anyone tried translating the Chinese boards to see what's going on?

[bystander]

How many millions of dollars is in play?  I wonder how long it'll take for the media to see this story....

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick. 

[kendog77]

How many millions of dollars is in play?  I wonder how long it'll take for the media to see this story....

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick. 

Do you have a link or any evidence to back up that claim? If it's true, and the $14.75 million order cut in line and delayed all other bulk chip orders, I'd say that is pretty screwed up.

[SebastianJu]

So you say it really could be that this reseller bought a big chunk of chips but wanted it fast so that Yifu gave them our chips and ordered new ones for us? I thought about this but i doubted Yifu would do something so stupid and unethical. But the more time goes by...

I mean its another day over without anything...

[sasadjak]

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick. 

someone who have 14.75 mil not that stupid and buy 1.8 mil chips ---> 650 TH because with this power diff go to 140mil and he never take money back

[Tigggger]

So you say it really could be that this reseller bought a big chunk of chips but wanted it fast so that Yifu gave them our chips and ordered new ones for us? I thought about this but i doubted Yifu would do something so stupid and unethical. But the more time goes by...

I mean its another day over without anything...

Avalon & TSMC would both have pooled orders together, avalon to get a better price for volume and TSMC because it's easier to make large lots, the fact that 1 batch of 10k chips has been delivered show that they HAVE done a run of chips.

So where are they

[Minor Miner]

How many millions of dollars is in play?  I wonder how long it'll take for the media to see this story....

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick. 

Do you have a link or any evidence to back up that claim? If it's true, and the $14.75 million order cut in line and delayed all other bulk chip orders, I'd say that is pretty screwed up.

I cannot find the story on the website.   I call bullshit.    As much as I agree that Yifu is a crook and a little shit, I do not think this story is credible.    FUD.    It is more believable that he is sitting on your chips because it would hurt how many BTC he mines per day with the batch II silvers that he kept from people.

[Stack]

So you say it really could be that this reseller bought a big chunk of chips but wanted it fast so that Yifu gave them our chips and ordered new ones for us? I thought about this but i doubted Yifu would do something so stupid and unethical. But the more time goes by...

I mean its another day over without anything...

This explanation is the one which makes the most sense.
Which means we won't see shipment of chips until at least the 20 week mark.

Disgusting
Hope their Chinese buyer is worth it for them, because they'll be their only customer in the future.

[SebastianJu]

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick. 

someone who have 14.75 mil not that stupid and buy 1.8 mil chips ---> 650 TH because with this power diff go to 140mil and he never take money back

The big buyer is reselling the chips for a high price i read in the forum. I doubt of course he will have much buyers, but such an amount of TH is much really... He would alone bring in so much hashpower that he cant sell the chips anymore. If true he isnt the smartest businessman then. And/or dont understand bitcoin too much.

[Stack]

[LainZ]

So here are some numbers I was thinking about in my head, things don't add up:

We recently went from 187,281,159 MH/s to 223,746,040 this past difficulty increase.

That is a 36,464,881 MH/s increase.

	ASICminer	Avalon	BFL
MH/s	336	300	4000
36,464,881	108,526	121,550	9,116
Chips @ 33.3%	36,139	40,476	3,036
		240/Unit	1500 Jalas
			300 25GH
			150 50GH
			15 500GH

None of these outcomes seems possible to me. In 11 days between difficulty, I find it hard to believe what I'm hearing from any ASIC camp.

At one third each (I don't think it's a reality) ASICminer would have sold 36,000 block erupters. (Blades are not being made/sold), Avalon would have shipped 169 units, AND BFL would have any combo between 1500 Jalas to 15 Mini-rigs!!

I don't think any of those are close to what is being reported. I know that ASICminer is attempting to keep their network share the same, but that would only account for, in this instance, 20% and MAYBE the rest is erupters. Still, Avalon and BFL are not adding this much to the network based on customer accounts.

So who's making more miners?

Remenber Avalon's payment address?
http://blockchain.info/fr/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU?offset=50&filter=0

It's not like we didn't knew that a big player ordered using 17Tfh8SE71MbvQ5vZtXPQA8a4YM8NPv3bf  or 1AyTpzuCCUdgZLTHi4iB5yawuRsHL37q3j ...

Also the order numbers;
14odFwJHi6S1Rpuu9CnqZHy49qjc6F2Zd9 is zefir's batch #2 payment adress.

Notice it is located before 1AyTpzuCCUdgZLTHi4iB5yawuRsHL37q3j  and after 17Tfh8SE71MbvQ5vZtXPQA8a4YM8NPv3bf  (both 15 614 BTC orders so 200 000+200 000=400 000chips=50TH+50TH )

So this increase is probably 17Tfh8SE71MbvQ5vZtXPQA8a4YM8NPv3bf  ... mining with the chips he ordered before zefir batch #2 was ordered...

[crashoveride54902]

boy i'm not glad i'm not involved in this mess...units or chips...course if i had the btc i would have been...yay for being poor

[warhawk187]

Anyone knows where yifu hangs out in NY? I live here and can certainly give him a piece of my mind regarding getting those damn chips shipped already. (Not just Batch 1).

[bystander]

How many millions of dollars is in play?  I wonder how long it'll take for the media to see this story....

According the TGB, there's one single big whale reseller supposedly ordered $14.75 million worth of chips and maybe even got an exclusive period to mine.  According to tracking data, they got theirs shipped on 6/25, 135 boxes full. Everyone else, especially the community who rallied around him at the beginning, seem to be getting the short end of the stick.  

Do you have a link or any evidence to back up that claim? If it's true, and the $14.75 million order cut in line and delayed all other bulk chip orders, I'd say that is pretty screwed up.

I cannot find the story on the website.   I call bullshit.    As much as I agree that Yifu is a crook and a little shit, I do not think this story is credible.    FUD.    It is more believable that he is sitting on your chips because it would hurt how many BTC he mines per day with the batch II silvers that he kept from people.

Here's a link to the story on TGB.  Near the sub-heading of Lucrative Business:
http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500/

Tracking to the boxes (source: TGB)
http://www.track-shipments.com/track-trace.aspx?pref=AWB&awbno=87150508076

Most surprisingly, there is evidence that there were actually 135 boxes in the shipment that arrived for these photographs. This would indicate 593 TH/s at the standard 282 MH/s clock speed, or a monstrous 842 TH/s overclocked to 400 MH/s per chip. Given the high estimate, that would add almost 500% to the network speed.

This raises significant security concerns for bitcoin since so much hashing power is localized in a single location. This centralization of hashing power underscores the relative weakness of the bitcoin mining network in the context of the recent surplus in customized ASIC hardware. Fortunately, as these products are distributed and more ASIC companies come online the network will be that much stronger for it.
Lucrative Business

While Avalon has not released information how many chips have been ordered, a 135 box shipment would amount to over 2.1 million ASIC chips. Given that Avalon sells them in batches of 10,000 for 780 BTC, this lot alone is worth over 164,000 BTC ($14,700,000). Avalon and ASICMiner have proven that a quick-to-market high-volume product is worth significantly more than more high-tech products like Buttefly Lab’s miners that have been riddled with delays.

[User705]

After BFL showed the way I think most manufacturers realized you have to prime the pump so to speak.  You can't steady release asic because you make more by selling in big chunks since only the manufacturers know how much TH is being released and they price accordingly for maximum profit.  Wouldn't surprise me if they communicate with each other and even if they don't all chips are made in china and info will always leak.  Since end users don't know the totals end users will always overpay.  This won't change for a while until used gear resale markets get larger and end users will have a choice where to buy hash power.  Even with asicminer, notice how their entire run gets sold out and quickly after release or price change difficulty jumps much higher then even the new pricing had suggested.  Loved the feudalism picture.  I'd love to see a similar one for the bitcoin ecosphere.  In the same way that central banks and the people at the top get to touch the freshly printed money first, ASIC manufacturers which are creating hash power inflation, touch it first and get the most benefit out of it then that inflation trickles down to the rest 99%.

[Ytterbium]

After BFL showed the way I think most manufacturers realized you have to prime the pump so to speak.  You can't steady release asic because you make more by selling in big chunks since only the manufacturers know how much TH is being released and they price accordingly for maximum profit.  Wouldn't surprise me if they communicate with each other and even if they don't all chips are made in china and info will always leak.  Since end users don't know the totals end users will always overpay.  This won't change for a while until used gear resale markets get larger and end users will have a choice where to buy hash power.

The problem is the cost of entry is way to low.  It only takes a few hundred, to a million dollars to get a chip taped out and ready to make. They have to release enough chips to get the hash rate high enough to discourage others from trying to make chips, while ideally keeping it low enough they can still make money.

[tiros]

Gdmt ship our chips!!!

[SebastianJu]

Anyone knows where yifu hangs out in NY? I live here and can certainly give him a piece of my mind regarding getting those damn chips shipped already. (Not just Batch 1).

I only know these details: https://bitcointalk.org/index.php?topic=157856.msg2594647#msg2594647

[Bitcoinorama]

Out of interest, is there not another point of contact accessible at Bitsyncom aside Yifu?

Has anyone tried contacting other ex-members of his design team that split?

Surely they must know what the hold up is. I'd try that angle if I was you.

[bitcoiner49er]

I tried to see if there was anyone at TSMC that could at least confirm a completed order. (Yes I embellished, but as a whole the community did make a substantial investment, so representing it, I am not far off.)

elizabeth_sun@tsmc.com
1:30 AM (6 hours ago)
 
I am not aware of bitsyn as a customer of tsmc. It may be one of the many start ups that tsmc' design alliance is helping to design into our processes. If this company were a customer it should have a tsmc sales person designated to serve it.

Elizabeth


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  寄件者： Bitcoiner 49er [bitcoiner49er@xxxxxxxxxxx.xxx]
  寄件時間： 2013/08/06 下午 02:27 EST
  收件者： YWSUN
  主旨： Investor question

-----------------------------------------------------

Elizabeth,

 

I received your email from your company's website. I have perhaps an unusual question. I am invested with a customer of yours, Yifu Guo, CTO http://bitsyn.com 1-(347)-370-9069. I and many others have been unable to contact him regarding our investment with his SC chips that were manufactured by your company.
 
I don't want any sensitive info, which I know you or anyone at TSMC could not provide, however I would like to ask if the order placed, has been completed. This will allow me to know that the product is in his possession and I should possibly consult legal action to find out more.
 
 

Thank you for your time, I do not wish to inconvenience you, but I am running out of options to get information on a substantial investment.