Incoming Avalon News 8/9/2013

[Minor Miner]

you can buy overpriced chips "in stock" at chinese market, chips pre-funded by bitcointalk community.
we have no chips, meanwhile chinese resellers have chips in stock with production date corelating with our orders.
troll harder

Yea, because it's impossible that those chips were ordered by a Chinese reseller whose interested in bitcoin and got there before the group buys did.  Right?  There's no way that could possibly happen, right?

Ben, If they were ordered by a chinese reseller, he WOULD NOT have shipped them out of the country (track the chips) just to REIMPORT back into china.   It is hard to get stuff out of china but harder and more expensive to get stuff in.   I think your theory is weak.

First, wasn't the import from TSMC in Taiwan?  So wouldn't they have to import them to China anyway?
Second, not all chip purchases were represented in that photo. 
Third, not all chip purchases were part of the public domain.
Fourth, I'm throwing out possible scenarios to point out that when all information is not known, jumping to conclusions can have disastrous consequences.  My main thesis is to act on the information available, and not to speculate and come up with conspiracy theories.

Do a bit of research before accusing others of trolling.   Track the actual shipment.   The chips WERE in china and they were sent to a freight forwarder in Hong Kong.   Get the information available first, then your stories might have some credibility.    Until you go back in the threads and read where the chips are made, where Zhang and Yifu assemble the boards, WHY avalon sends product OUT of china through hong kong and WHAT WAS POSTED in chinese along with supporting pictures, and finally where those chips ended up, you are just spreading more BS.

[bigbeninlondon]

Do a bit of research before accusing others of trolling.   Track the actual shipment.   The chips WERE in china and they were sent to a freight forwarder in Hong Kong.   Get the information available first, then your stories might have some credibility.    Until you go back in the threads and read where the chips are made, where Zhang and Yifu assemble the boards, WHY avalon sends product OUT of china through hong kong and WHAT WAS POSTED in chinese along with supporting pictures, and finally where those chips ended up, you are just spreading more BS.

I didn't accuse anyone of trolling, nor did I claim anything I said was a credible or actual story.  Is English your second language?  I'm not SPREADING anything.  I'm just saying don't make up stories to fit the evidence if you don't know the whole story.  Do I have to fucking mime it?

[Loredo]

Sort it out mate, and pronto. as so far it does not wash, and this is more than the odd thousand dollars someone could just remain angry about. The beef surrounds people's livelihoods, you stand to ruin people.

You're right, of course.  But the grim fact is, he doesn't have to do anything.  The unfulfilled orders, the trade ins, the refunds, the chip orders... it will all soon be forgotten collateral damage.  

I didn't read the original source, but this page refers to Batch 5 sales.  That's all that has to be done:  advertise Batch 5, for a good price.  I did read the intention that preorders were going to be a thing of the past.  BFL Monarch shows that's not necessary; muppets will still clamor for a picture and a promise.  

Maybe it's true that taking preorders and then having to deal with whining when they're not fulfilled creates too much dissonance for a narcissist.  In that case, maybe it will be sales from stock.  Either way, though, the best expectation to hold about these past issues is no expectation at all.  Then, if something is done, be pleasantly surprised by the largess.

Until then, simply say the Bitcoin miner's mantra: "it was not more than I could afford to lose" over and over, and then, when Batch 5 comes out, buy one to go with your Monarch order.  

[greaterninja]

9/2/2013  -- Yifu, please add trade-ins to our store accounts.  
BEING PROCESSED
Trade-ins Signed by Mr. Chen Still not in store account. #1530
Created on Sat, Aug 31 at 2:14 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1508
Created on Mon, Aug 26 at 12:20 PM
BEING PROCESSED
TRADE-INS SIGNED BY MR. CHEN; NOT POSTED IN AVALON STORE ACCOUNT #1495
Created on Wed, Aug 21 at 4:09 AM
BEING PROCESSED
Order is still not in Store Account #1487
Created on Sun, Aug 18 at 10:42 PM
BEING PROCESSED
Trade-ins Please Sir ADD to Store Account #1476
Created on Tue, Aug 13 at 10:15 AM
BEING PROCESSED
Sir Please Add Trade-In to Store #1454
Created on Tue, Aug 6 at 12:21 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1453
Created on Tue, Aug 6 at 12:20 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1452
Created on Tue, Aug 6 at 12:20 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1451
Created on Tue, Aug 6 at 12:19 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1450
Created on Tue, Aug 6 at 12:18 PM
BEING PROCESSED
Sir Please Add Trade-In to Store #1424
Created on Tue, Jul 30 at 2:50 PM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1409
Created on Wed, Jul 24 at 11:53 AM
BEING PROCESSED
TRADE-IN NOT IN STORE YET #1408
Created on Wed, Jul 24 at 11:51 AM
BEING PROCESSED
Hello Sir, Please add my trade-in to my store account. #1351
Created on Mon, Jul 15 at 11:01 AM
BEING PROCESSED
Sir Please help with Avalon Trade-In #1235
Created on Tue, Jul 2 at 11:29 AM

[zefir]

Refund Payment Notification: received refunds for 3 out of 8 batches from my group buy, see https://blockchain.info/es/tx/a69aac51f0d8ebaca5edef26c3038c81fdfbcb2703bdc088f69e49b1eaa571f1

Thank you Avalon for allowing me to limit the loss of 60+ miners and Bitcoin enthusiasts. This would have been a great success for the community if we had this level of customer support all the time, hope you guys are going to keep it up.

Good Luck!

[warhawk187]

I saw an address listed in this thread for his cell #. I'd pay him a visit, hes a 30 minute train ride away if thats actually an address thats his. Who knows...

[Ente]

I saw an address listed in this thread for his cell #. I'd pay him a visit, hes a 30 minute train ride away if thats actually an address thats his. Who knows...

What for?
He (I guess you are talking about Yifu) has paid refunds, and promised to send a truckload of chips tomorrow. For what it's worth.
If I would give him a visit, I'd bring some beer, congratulate him for finally doing sane budiness decisions, and listening to his story of what actually went wrong.
I guess I'm a forgiving person, once I see someone tries to set things right, huh?

Ente

[pajak666]

I saw an address listed in this thread for his cell #. I'd pay him a visit, hes a 30 minute train ride away if thats actually an address thats his. Who knows...

What for?
He (I guess you are talking about Yifu) has paid refunds, and promised to send a truckload of chips tomorrow. For what it's worth.
If I would give him a visit, I'd bring some beer, congratulate him for finally doing sane budiness decisions, and listening to his story of what actually went wrong.
I guess I'm a forgiving person, once I see someone tries to set things right, huh?

Ente

Oh you are so spineless:) I love it, can you please send me some money? later I will sort things out, I will made up nice story what actually went wrong.
I will made up some shit about Mobsters  & Customs and maybe if pushed and treatened I will pay you back.

[greaterninja]

I saw an address listed in this thread for his cell #. I'd pay him a visit, hes a 30 minute train ride away if thats actually an address thats his. Who knows...

What for?
He (I guess you are talking about Yifu) has paid refunds, and promised to send a truckload of chips tomorrow. For what it's worth.
If I would give him a visit, I'd bring some beer, congratulate him for finally doing sane budiness decisions, and listening to his story of what actually went wrong.
I guess I'm a forgiving person, once I see someone tries to set things right, huh?

Ente

I'm forgiving too but you are in error.  Yifu has not fixed all the issues and he still has btc from trade ins and over half the trade ins he has not added.  This is ~five months later.  secondly he has still not refunded all the late chip buys.

[Ente]

I saw an address listed in this thread for his cell #. I'd pay him a visit, hes a 30 minute train ride away if thats actually an address thats his. Who knows...

What for?
He (I guess you are talking about Yifu) has paid refunds, and promised to send a truckload of chips tomorrow. For what it's worth.
If I would give him a visit, I'd bring some beer, congratulate him for finally doing sane budiness decisions, and listening to his story of what actually went wrong.
I guess I'm a forgiving person, once I see someone tries to set things right, huh?

Ente

I'm forgiving too but you are in error.  Yifu has not fixed all the issues and he still has btc from trade ins and over half the trade ins he has not added.  This is ~five months later.  secondly he has still not refunded all the late chip buys.

You are right, totally.
The situation is not cleared yet, and Yifu/Bitsyncom/Avalon has a long way to restore their credibility.
However their behavior changed to the better, finally, and they do refund the chips at least. Which goes a long way, on my side, to give them some space to get *everything* in order.
I have no problem with a healthy lynchmob, right? But if there was no ninja-killercommando until now, for months of awfulness, why do it *now*?

Ente

[g83]

As yifu already said - only way to get back up is just do no more preorders...

[Ente]

As yifu already said - only way to get back up is just do no more preorders...

..and I think everyone involved wholeheartly agrees to that ;-)

Ente

[ibminer]

In the words of the Ninja Turtles:

"Forgiveness is divine, but never pay full price for late pizza asics."



I can forgive, I just can't forget... but I am happy to see Yifu attempting to make things right, and more importantly - communicating.

[jermwerty]

Refunds coming from the address that Yifu insinuated no control over.

No word at all to the reasons behind the 11+ week DELAY on early orders.

Then he claims that upset customers are greedy and affecting his chi?

And batch 2/3 were delayed simply to "insure early investor ROI".

Go fig.

[RoadStress]

As yifu already said - only way to get back up is just do no more preorders...

Remember that "in stock" stuff can always be stuck in customs for an unknown number of weeks...

[wrenchmonkey]

 

Not necessarily bad for YOUR chi, but definitely bad for Yifu's...   

[freeworm]

Any other groups got chip refunds besides SebastianJu's?
We have submitted chip refund request and tickets for days but haven't the refund and any reply.

[btceic]

from Steamboats thread:

The following is an update on the order status of Avalon ASIC chips regarding an order you have placed.
A second update will follow.

Chip order status:

We have been in contact with Yifu over the past three days and are currently negotiating a compensation plan for damages incurred as a result of Bitsyncom’s failure to deliver. We cannot give any additional information at this time. While we are working to reach a fair and agreeable resolution for all parties involved, it is still unclear whether further action will be required, and we make no promises regarding the outcome. Yifu has informed us he will be releasing an update later today, but has not disclosed the topic.

We have confirmed with Yifu directly the eligibility of all batches ordered for refund to be processed when requested. Additionally, there is no deadline for requesting a refund. As such, we have begun processing all requests for refunds of orders placed with us, which will be submitted to Yifu upon each batch being requested in full.

The following procedure will be used to facilitate the refund requests:

Refunds will be in the amount of 95% of the original .086 BTC purchase price, or .0817 BTC per chip.

All those requesting a chip refund will be allowed to do so, so long as there are enough requests to fulfill an entire batch.

No customer will be forced to accept a refund in order to process a batch refund.

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.

Refunds of batches will be requested from Mr. Yifu Guo of Bitsyncom beginning with Batch 6, and continue in reverse order to the first so long as refund requests equal an entire batch.

Customers in a batch which has been refunded will be placed in an earlier batch according to their position in that batch’s order, and their position relative to other batches. All purchases will be kept in their original order, and the order book truncated to reflect the refunded purchases.

Once a refund request has been placed with us, and the refund request submitted to Mr. Yifu Guo of Bitsyncom, it is final. There will be no option to receive the chips originally ordered for any reason once the process has begun.

Chip purchase refunds will be dispersed upon receipt of the refund from Mr. Yifu Guo of Bitsyncom. We will supply any administrative paperwork necessary and do what we can to facilitate the refund. We accept no responsibility for any delays outside of our control, which include delayed receipt of the refund from Mr. Yifu Guo of Bitsyncom, and will not disperse refunds prior to receipt of the funds from Mr. Yifu Guo of Bitsyncom.

To process your refund, please fill out the refund request form found at the bottom of this email in its entirety. Each refund request will be verified for its authenticity and processed. Any submissions failing verification will be sent an email for additional verification. Once we have reached 10,000 chips, the request will be submitted to Mr. Yifu Guo of Bitsyncom and processed.

The situation as it stands is far from optimal, and while we realize a 100% refund is desired by most of those who have purchased chips through us, we have invested considerable resources in order to facilitate our offer of Avalon ASIC chips to the community, and cannot offer a full refund. We have done everything in our power to educate potential customers of the risks involved when considering placing an order, and have stated explicitly we assume no responsibility for any issues that may arise due to circumstances outside our control; including but not limited to Avalon failing to ship, shipment being seized by customs, shipment arriving late, etc.

While we are not bound in any way to do so, we know it is unethical to retain the profits made from chip purchases, and have chosen to refund all profits which remain after administrative, logistical, and material expenses have been taken into consideration.

[HorseRider]

In the most recent news letter, Yifu bluffs again. "We have 400k chips very soon and are you really an idiot who want a refund right now?" Just as he bluffs "we ship 50k a day" "asics on time", "chips will leave the door on early July".

Then we surprized Yifu by the  awareness of his bullshitness, that so many people chose to refund.

I bet you 1btc, Yifu will not ship on Thursday. He is trying to lie to persuade you not to refund. I lose, I donate the money to Foundation.

[powpow]

I bet you 1btc, Yifu will not ship on Thursday. He is trying to lie to persuade you not to refund. I lose, I donate the money to Foundation.

Let me get the bet parameters straight.  I win, you send 1 BTC to foundation.  You win, I send 1 BTC to you.  Where in this equation does the person taking this bet benefit, win or lose?