Incoming Avalon News 8/9/2013

[dan99]

Preparing his news release ? with tons of excuses probably.

[1714494610]

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[Ytterbium]

It's already 11:21 AM, on 8/9 in Shenzhen!

[ionstorm]

We better get free chips or a partial refund/discount on the chips we already bought.  Or avalon will be up their ass in a legal shitstorm and barely any future customers.

[augustocroppo]

My guess: there will be no news, no post, for at least enough time to keep all buyers in high state of anxiousness. This, of course, to keep the buyers emotionally exhausted, which reduces the chances of buyers undertake further action. The goal is to keep the buyers in a endless state of waiting. This one of the most usual tactics adopted by fraudsters when the house of cards start to fall apart.

I hope my guess is wrong, for the sake of the buyers.

[kkooks]

My guess: there will be no news, no post, for at least enough time to keep all buyers in high state of anxiousness. This, of course, to keep the buyers emotionally exhausted, which reduces the chances of buyers undertake further action. The goal is to keep the buyers in a endless state of waiting. This one of the most usual tactics adopted by fraudsters when the house of cards start to fall apart.

I hope my guess is wrong, for the sake of the buyers.

very likely...

off to russia to shack up with snowden

[CoinHoarder]

Of course he doesn't post any news today -.-

Not surprised in the least bit.

Edit for the strikethrough font. Yifu came through right after I posted this!!!

[kano]

It's already 11:21 AM, on 8/9 in Shenzhen!

You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...

[btcsql]

It's already 11:21 AM, on 8/9 in Shenzhen!

You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...

LOL! +1 millibitcoon

[BitSyncom]

It's already 11:21 AM, on 8/9 in Shenzhen!

You know how it is - you've been on a long plane flight - you've been drinking free booze all flight in first class - you get back in front of your computer you've not been near for weeks due to partying, whoring and boozing in Vegas, and it's like
"Hmm PMs and emails while I've been away ... oh well, guess I better say something before I pass out so I can ignore that crap for another week ..."
Wakes up the next morning ... oh crap I said "tomorrow" in the post ... oh well no one will notice anything different if I do nothing for a few days, they're used to that from me, and I am only a PR guy, not like I know anything about hardware or software and have control over anything except delaying deliveries ... ... ...

don't you got better things to do like writing code mr. software engineer than waste time with some first-class-riding booze-drinking "pr guy" like me?

anyhow, update is live on main page. http://avalon-asics.com

[hak8or]

From their website:

It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.
We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

[BitSyncom]

From their website:

It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.
We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

lol if you gonna quote, at least quote the important part that matters, hint: there's another page.

[eldentyrell]

It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.

We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

Yikes, that's very disturbing.  I hope everybody makes it out okay.  I assume you reported this to the police, of course?

Out of curiosity, are these threats of "give us all those BTC you collected or we break your face" or "we're pissed you haven't shipped our product, so we'll break your face"?  Bad news either way, of course.

Glad to hear you have sworn off the preorder nonsense.

[kmtan]

From their website:

It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.
We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

lol if you gonna quote, at least quote the important part that matters, hint: there's another page.

YIFU， here you come， ready to annouce？

[Stack]

While we have send out some chip orders, there is currently ~200k chips stuck in custom right at this moment for about 2 weeks^TM now

announce the next generation chip

we knew it! you liars!

you took every stereotypical excuse and scam tactic in the book and slammed it all into one, reading this makes me feel sick!!!

CALL TO ARMS

[CoinHoarder]

Here's the important part:

Unit Batches
Batch three have completely left our hands, may DHL be swift in their deliveries. The refunds will shortly follow, this is the same for any tradein orders ( ran into issues such as some people were receiving their address to pay while other are not). we understand we are very late in this department of processing any customer support related issue, we will not be making any excuses, but this is literally the only thing left on our plate now. In the future we hope to eliminate this problem by selling only in stock products that will ship in under 3 days.
On the horizon are two new product designs, we are fairly happy with the batch 3 design, which will conclude as the Avalon Version 1 final design. In addition we will have a new 2 module unit coming to market and a 2U 17inch deep server blade slated as Avalon Version 2.
Chips

Chip Orders
While we have send out some chip orders, there is currently ~200k chips stuck in custom right at this moment for about 2 weeks now, this matter is very painful for us and our customers. As majority of the chip orders ( 70% ) totaling ~800k is made between early and mid-may resulting in a tight time frame to work with. We do have more chips coming in via different route next week which will ease this a little bit. (you can take this as chips will resume shipping by end of next week for now.)

Next Generation
We will take this time to fulfill a promise to announce the next generation chip 2 month ahead of schedule so potential buyers can make a decision. Soon we will be disabling the pre-order of Avalon Gen1 chips and only sell the remaining stock as we phase out old technology for a new 55nm, which goes on sale for immediate delivery at mid October 2013. This 55nm will retain the same physical dimension as the 110nm Gen1, only few pads were changed so getting them up and running requires very little change to existing design.
In addition, there is 2 more chip designs in the pipeline, we have decided to proceed developing Gen3 and Gen4 in parallel due to the long R&D time of low processor nodes, both of these will be a Full Custom ASIC design.

[augustocroppo]

Wow, my guess was wrong.

However I think not all people will even trust in the shallow news you prepared.

So threats were made, but it was all right to travel to Amsterdan.

 

[Tsukene]

From their website:

It all begin a few weeks ago when we received an email attached with a PDF containing the person information of some Avalon team members in China. Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. Threatened to release this information public if we do not pay up; we choose to ignore the demands because the information is quite outdated and some even are inaccurate, making this a low threat.

Everything changed when people started to knock on some team members parent's house looking for them using the information found on the PDF or other sources. This called for a immediate reevaluation of operational security of the Avalon project. This is the main source of delays and lack of communication in the past few weeks. This matter is still on going, but a majority of the Avalon operation has once again been resumed.

Just as this matter is reaching its closure. WSJ prints an mashed article consists of rumors, opinions and pieces of various stories. Avalon whilst under NDA(s) are unable to comment on all aspect of the story. We will however state the following: We were indeed in Amsterdam on Tuesday and had a meeting with TSMC and we will leave it at that for now.
We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations.

lol if you gonna quote, at least quote the important part that matters, hint: there's another page.

YIFU， here you come， ready to annouce？

he did read the website...

[hchc]

TL; DR;  Gen1 chips buyers eat shits

[Stack]

News:

Bitsycom gets pwned by chinese manufacturer.

http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=avalon+asic

Are those $28 PER CHIP!?

That company is going to get a grand total of 0 orders. well done.. screw us all and make no money in the process.. hoorah

[dan99]

" We would also like to take this chance to properly restate that Avalon will from this day going forward will no longer be participating in any form of pre-order, pre-sale type of business operations."

Does this means you are doing refund and only sell when you have stocks??