Quote from: eroxors on November 19, 2013, 03:38:22 PM

Quote from: Galli on November 19, 2013, 03:19:17 PM

Quote from: logicbomb666 on November 19, 2013, 01:40:19 PM

Quote from: steamboat on May 01, 2013, 10:58:42 PM

Pricing

Chips:
Avalon ASIC chips may be ordered for BTC0.086. This fee is due immediately upon order placement.
Assembly:
The total price for assembly is $95. This includes $35 for the PCB and board related components, and $60 for assembly, to be paid in BTC.
Assembly and DIY Kit:
The DIY kit and fully assembled PCB are $123.5, to be paid in BTC.
Fully Assembled Unit:
The fully assembled unit, including all necessary hardware, is $133.5, to be paid in BTC.
Hosting:
Hosting fees include 8% of miner revenue production, plus $.06kw/h for electricity used. A setup fee of $15 per unit is necessary to help defray the initial infrastructure costs.
Testing:
Free with the purchase of a fully assembled unit.

* Assembly, Assembly and DIY Kit, and Fully Assembled Unit prices do not include the price of Avalon ASIC chips, and are not due at the time of chip purchase.

Very first post of this thread- Notice how the pricing for everything except chips is listed as USD? That means you paid USD, and your return will be USD. Case fucking closed. If you cannot wrap you mind around this, you shouldn't have had any business in this group buy in the first place.

You will not be receiving the same amount of BTC sent to him. It's that plain and simple. Constantly bitching about it isnt going to change anything. If you paid $133.5 in BTC, you will be refunded no more than $133.5 in BTC.

Here's an interesting thought though, we gave steamboat $15 for hosting per K16. That was .15BTC, paid as BTC and likely is still being held as BTC. This .15BTC is now worth $90, does steamboat still return $15 and keep $65 in profit just from holding the coins for 5 months? That's the issue I have and I expect steamboat will share in the compensation for this type of "loss" as he's stated that we won't be punished for the delays.

You're still not getting it. All orders for assembly, regardless of "type" were processed in USD. All of the BTC was converted to USD at the time of purchase. He had costs associated with hosting, shipping, etc. that were in USD so all assembly orders, invoices, etc. processed through the site are denominated in USD.

That being said, I think those who paid for hosting should be compensated for the past two+ weeks of lost mining revenue... that is squarely on SB. He knew that chaining would not be feasible/possible over a month ago and orders were executed out of order because hosting was not yet ready. Honestly, the units could have been mining in "makeshift" conditions quickly/easily while the "world-class facilities" were being constructed. Perhaps this is the case and he has your BTC? idk.

Those who are waiting for refunds probably should expect a bit more back than 25% since it's taken months to process your refunds, but expecting BTC back in the amount you sent is a pipe dream.

I am getting it, i'm simply presented a what-if case scenario. I'm hard pressed to believe that steamboat priced supplies/hosting in $ but demanded payment in BTC, only to convert it back to $. That would be the most inefficient way to run a business and given Steamboat's reputation I would be shocked if that's how he carried it out.

if you can't see that he's not only making margin on a product he did not deliver AND had this margin appreciate well over 600% in 5 months as highly unethical, you got something special in store for you at some point in your future.