Post
Topic
Board Securities
Re: Community Mining - Avalon ASIC chip Miner--33.840MH/s----> All Shares are taken
by
ChronoX5
on 02/09/2013, 20:54:51 UTC
Hello everyone,

the last day were very troublesome here on the forums, avalon announced their refunds, bitfury delievered first devices, other sellers reduced Hardware prices a lot!

All of this reasons and the fear of not reaching ROI soon, made people to refund all their avalon chips.

Lately also I think it's probably the best thing to do.

Unfortunatly the decitition was taken out of our hands, I was on vacation the last days with no internet access and during that time more then the half of all chip buyers from group buys were we participate decided to refund the chips (bizwoo and sebastianju).

So this means that this project will be canceled and I will refund all remaining Funds back to you. We decided not to charge anything from the already purchased hardware like Fans, cables and a server from you.

But we have to pay groupbuy fees and escrow fees from groubbuys, which means that we can  only Refund about 95% of your investment in BTC to your payout adresses as soon as we have got the refunds.

I'am very sorry that we can not do a 100% refund and this venture was a loss for you guys Sad

I hope for your understanding.

EDIT: I will send this also everyone as PM now

BR
Foofighter

Thanks you're the best! I'm totally fine with the lower refunds. Considering the current bitcoin/dollar price it might even be profitable (at least if you're still using dollars.)