Quote from: HorseRider on September 10, 2013, 02:44:19 PM

Quote from: greaterninja on September 10, 2013, 02:25:07 PM

BitSyncom / Yifu,

What are you going to do about the trade-ins that still have not been added to the store accounts?

Thus far you have done nothing. Its been about 5 months. Please take care of the trade-in issues.

5 months means 97% of the intrinsic value of a mining machine. By delaying 5 months, Yifu Guo essentially take away the 97% value from this program.

And I am very sure that this is intentional. They have planned this. They don't want to hold their words from the very beginnng. In the early time of this year, I talked with Xiangfu, a well known developer close with ngzhang (张楠庚）and Yifu team. He has tens of FPGA, but he just sold it on the market. I asked xiangfu why and he told me "he does not pay his attention on the trade-in program. (我并不关注这件事情。）" And I think xiangfu must have very early message from these liars that they planned to deliver the trade-in machine at very late stage, essentially destroy their words to the early supporters.

From Yifu Guo and ngzhang (张楠庚）, I learnt how low a fucker can be. Liar. Scammer. Greedy.

We have not forgotten what Avalon did.

It is a fair warning to the public not to buy from Avalon given the nature of this company. It is not off topic.

Nor is it wrong to question the viability of these chips and any boards made from them. They are not viable and people should avoid this investment.

Quote from: zefir on August 28, 2013, 08:19:19 PM

Update: Endgame

With ASICMINER today announcing blades for as low as 3.5BTC, it appeared that Avalon chips that do not mine today are not going to break even any more. While those blades went already out of stock after some hours, the new price for mining rig is officially set. Essentially this means that if Avalon does not ship the remaining chips fully within the next two weeks, they become worth less than their shipping costs.

Driven by this event, today I was flooded with refund requests that built up a queue of ~2000 chips. I do not expect any takers for this and it is realistic to assume that there will be no further refunds.

I am sad to admit that I do not believe in a fast and complete delivery of the remaining batches. This stopped to be a game the moment this group-buy alone funneled $500k to Avalon. Although we have only a small set of 'no BS rules', we still have a written commitment to deliver in time as part of the ToS. With so many community members taking a loss directly or indirectly through Avalon failing to meet their schedule, we (together with other customers) need to consider taking serious actions to end this tragedy.

At this stage our options are as follows:

A. sit and wait
That was my tactics so far, assuming that civilized and respectful behavior will ensure to get our chips as fast as possible. This in fact might have been the reason why so far our group-buy got more chips than others, at the same time with a delivery of one batch per month our last will arrive mid 2014 - ready for re-direction to the Bitcoin museum
B. demand full refund
The majority would be fine with getting their invested coins back and let this chapter pass into oblivion. According to Avolon's ToS, there will be no refunds. But if they really care about Bitcoin and its community and realize how much harm they caused to so many of us, they might consider playing fair and send us the coins back. This implies that you do not want your chips any more.
C. negotiate for compensation
While refunding all orders might exceed Avalon's capabilities, they might prefer offering a compensation in form of free chips or free upgrades to next-gen ones. This implies you would like continue dealing with Avalon.
D. legal action
Leave the polite arena and sue them into ground; make an example of them and put an end to the pre-order madness in Bitcoinland. This implies you are willing to throw more good money after the bad - for a very limited expectation. Your money would feed some poor lawyers and Avalon if needed will declare bankruptcy (they said they do not control the collected funds any more).

I personally will approach Avalon with options B and C for now and consider combining forces with other group-buy organizers for D if we do not hear back within a reasonable time-frame. If you have a different opinion you'd like to share, please do so either here or via PM.