02 Sep '13, 12pm

Avalon’s ASIC customers offered bitcoin refunds due to delivery delays

Avalon’s ASIC customers offered bitcoin refunds due to delivery delays

Avalon has retracted its no-refunds policy after announcing delayed delivery of its ASIC chips. The company said in an email update that the delays were caused by events beyond its control, but added that customers who placed their orders before 1st June can request a full refund (in bitcoins) if they desire. It goes on to say it is receiving a batch of more than 400,000 chips on Wednesday (4th September) so expects to be able to meet the deadlines for orders made in June or later. “In addition, we hope to wrap up generation one, finish shipping the chips, construct the modules and build the 2 module Avalon mini, put this pre-order mess behind us in general and switch gear into 55nm production, tape out generation 3, and start work on improving chip design for generation 4,” the company’s email states. Avalon ASIC’s refund form Avalon had suggested earlier last week that f...

Full article: http://www.coindesk.com/avalon-asic-customer-bitcoin-refu...

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