Quote from: bigtimespaghetti on November 11, 2013, 03:06:10 PM

Quote from: intense on November 11, 2013, 11:46:39 AM

Correct me if I'm wrong but this is what I've gathered from following this thread regarding the assembly / parts / shipping refunds.

Before avalon delayed their chip orders (by selling them to the Chinese instead of those who paid for them, the difficulty increase supports this theory) and crushed any potential of profits for us, steamboat was busy organizing parts in advance so that there would be minimal down time between receiving the chips and getting the miners out the door and on their way.

So all of those who didn't opt for a refund and got their k16's would have had them assembled using this stock pile of parts.

What we need to know is how many parts were prepaid in advance, how many have been used to create the shipped k16's and what is the difference, if stock has run out that's good news for those of us who have opted for a refund as the paid btc would not have been cashed in and should still remain.

So what is the best course of action from here?

I and everyone else in this group buy would like to see the numbers:

How many parts were purchased / stockpiled in anticipation of the avalon chips arriving?
How many k16's have been assembled and shipped using these parts?
Was assembly prepaid? If so, how many units were prepaid for assembly and how many have been shipped?

Whatever the remaining balance should be divided up amongst all of those who opted for a chip refund and also paid for parts / assembly / hosting / shipping.

+1

Good luck with getting that kind of transparency though. I fully expect SB et al priorities are on covering their costs and clawing out a small amount of profit for themselves. Screw the people that wanted refunds and ended up with miners. At least that's my conclusion.

I have no problem with covering their costs, and I wouldn't have minded taking a hit for all the guys that helped make this possible, until I was cut off from getting a refund. It's probably too much to expect getting anything back from this outside of what has been stated. SB could have repeatedly salvaged this, but has made some strange and downright bad decisions.

I'd love to be pleasantly surprised though.

I don't think we're gonna get anywhere near that level of transparency out of Steam Boat! We're lucky if he posts ANYTHING, much less any kind of real detail. Although I do agree that if he's still planning on keeping 75% of our funds, he's gonna need to get started justifying it, especially considering the jump in BTC prices.

BTW, With the BTC price jump, has anyone considered how much USD profit he's had the potential to make just on our assembly charges alone? Something to think about...

Speaking of profit, why is it that we ALL stand to lose money in this risky "investment", with the possible exception of Steam Boat? We all have our respective level of risk in this investment. For me, it's relatively small, so my potential gain was small.

But Steamboat's potential gain was HUGE. He didn't do this as a charity, folks. He made a business out of it. So then why are so many people on this thread so concerned about SB "making money", or "getting his costs covered" by our assembly funds? He took his risks like the rest of us, yet he's run this group buy like his only concern is mitigating his own risk.

And you know what? That would have been ok with me. Honestly. If he'd just been up front and communicated, I'd happily walk away from my assembly funds and blamed it all on Yifuk. (I'm ignoring for now the questionable decisions he made regarding dawdling around before requesting the chip refunds.)

But no! He had to get all business like, stop doing regular updates, and then post "lawyer like" updates way too infrequently.

The single ONE thing that has made this fiasco so bad is Steamboat's complete lack of respect for this community as shown by lack of any real communication. And I'm plenty pissed about it. Not to mention surprised and disappointed.

RESPECT. They even wrote a song about it. I'd like some about now, in the form of an update on assembly refunds