Bitcoin Forum

--EDIT--

This plan has sold out. The clients will get further confirmation about the quantity and bitcoin address through email.

---

I have ordered a 50 4-module Avalon batch #3 for a group order. I have to order such amount to be able to pay in RMB bank wiring. My order is a mix of group order and mining farm plan, we want to resell 15 units of them. So anyone want to buy a Avalon please PM me or post in this thread to ask question.

my order number is 4929.

If you want to buy a Avalon Batch #3 now when the stock sold-out and want to hold it in hand, I will ship it to you after all the 50 units arrive. Before the all arrive point, I will mine on the machine and the owner of the 50 Avalon will get the mining reward proportionally according to their ownership. The electricity is 0.25USD/kwh and the hosting fee is 10% of the mining revenue.
the shipping fee will be paid before the package is ready to go. The buyer should be responsible for all potential tax liability and shipping cost.
The minimum ordering size is a 4 module units with PSU. The price for each unit is 110BTC. PM me your email address and we can exchange the paying address and shipping address.


If you want to participate the mining venture but don't want to spend the time to manage it, I will host the mining machine for you in China. The electricity is 0.25USD/kwh and the hosting fee is 10% of the mining revenue. PM me your bitcoin receiving address and I will give you an address to pay. The minimum ordering size is 1 module, which will share the PSU with other modules. The price for each module is 28 BTC and if you buy 4 modules, the price will be 110BTC. You can get your single module whenever you want, but you can not have a 1/4 PSU. and if you have 4 modules you can get a whole Avalon machine home with the PSU.

Questions are welcomed.

Coming in with some big guns.  Kudos.   Let me think it over and I will get back to you.

Commenting to subscribe to the thread.
Thanks.

Definitely interested. Let me know as you sell them what is left

Please keep the amount left.  I currently don't have the funds but will see what I can do in a little while.

Thanks

I have get orders for 18 modules and payment for 16 modules, and now 42 modules left.

16 of the 18 modules will be shipped and 2 of them will be hosted.

Sorry I think I'm not understanding this properly. You have ordered 50 miners with 4 modules each? In which case if u had an extra 15 to sell, what do you mean you have 42 modules left? Are u selling the modules inside of the miners separately? And you mean you have about 10 miners with 4 modules in left?

Phil

We ordered 50 units and resell 15 of them. We sell single module. If you buy 4 modules, you get a whole Avalon unit. The 60 modules to be resold now has only 42 38 left now.

"Are u selling the modules inside of the miners separately? " Yes. If you buy, you can chose to let me host it for you, and after all the 50 units arrives, whenever you want, you can chose to have the rigs shipped to your home.

how much you want for a modual ?

28

Will you sell the avalon right now or after the 50 units arrive?

The payment should be made right now and the shipping will be done after all 50 units arrive. After the first Avalon arriving and before all them get to my house, the owner of this group order will be forced into a hosting&mining-profit-sharing contract.

We designed the forced hosting to grab the golden mining window opportunity of every ASICs, and to make everyone in this group order feel fairly treated. As ngzhang announced in his Chinese post, the bulk order will be divided into small orders in shipping. So the 50 units may will be arriving between the middle of May and June. Without such hosting&mining-profit-sharing scheme, there will be huge unhappy discussion about who should get their rig first and who has the highest priority. In our scheme, every Avalon will be mining right after they arrives to catch the low difficulty. The owners of this group order will get the dividend proportionally.

After all 50 units arrive, each owner can decide the shipping date of their own and no one else will be affected.

Thanks!
Then when is the deadline? for buying a unit or module.

Before it is sold out :)

Yes.
You mean I can still buy one module or unit if they haven't been sold out, even when the units arrive and starts to mine?

Theoretically yes, but I guess there will no module left long before that :)

FAQ:
FAQ

1. What is the cost to have the modules host by you?

Electricity cost: $0.25/kwh.
Management fee: 10% of the mining revenue, the revenue is what the mining rig get from the mining pool.

The hosting service will help Avalon users outside the China boarder to grab the first months window opportunity

2. After all the 50 units arrived, I can have the module/unit shipped to my house whenever I want?

Yes, whenever you want.

3. Will you overclock the Avalon to extract the potential?

We will try and test on our own unit first except you ask me to test on your rigs. After we are confident about the overclock safety, we will email you and get your permission first to overclock the rigs.

4. How often will the mined bitcoin be distributed?

At the beginning it will be weekly. Later it will be more frequently.

Please update your batch 3 order here : https://bitcointalk.org/index.php?topic=159039.0 if possible ? Thanks a lot!

very interesting.
I've ordered one module here. https://bitcointalk.org/index.php?topic=158986.0

I'm extremely interested in this opportunity. Could you please explain a little further about participating in the mining. What is the minimum modules that can be purchased? Once you begin receiving the avalons when can we expect the setup and mining to begin?

Where do you live? What kind of shipping can I expect to pay?

Is there escrow available? How can I trust you?

Thanks

cchan, thank you.


1 module minimum.
less than 24 hours. I guess it will be start mining half an hour after we open the package :)


I live in Beijing, China.
Shipping will be DHL/EMS, cost depends on where you are.
I have been in this community for 2 years long, among the board member of ASICMINER, no scamming excuse or warning from ngzhang/yifu, I guess they somehow knew the existence of my order :) As we need the money to invest other things, so no escrow accepted here.

I want one unit (4 modules) but I may not have the BTC until Friday night...

Hope there's one left by then.

Very interested.  I'd like to order 2 machines, are they still available?  How long do you estimate it will take before you ship the machines to buyers?

PM'ed!

PMed

After all the 50 units arrive, the shipping date is up to the decision of each owner.


The front payment will be accepted to reserve the modules. We can discuss in PM.

I still have some modules left, but not much.

As some of the order cancelled because of the spike in the exchange rate, I still have some modules left.

If anyone want to create a public contract with me before join this plan, it is totally fine as I can post our contract in the auction board,

https://bitcointalk.org/index.php?topic=158986.msg1679851#msg1679851

The post in the auction board cannot be edit, so it will be a easy method for recording.

Yifu Guo is offering refund for the Batch #3 ordering. I want to hear the opinions of my customers, and two of you have already written me message about it. You can PM me.

I will send out email to you today to discuss the situation. I will try my best to help everyone to have the option as if you ordered the Batch #3 yourselves.

I do not mean disrespect to Yifu, but I believe he should give us 2-3 Avalons, or partial refund credit  for each batch #3 order or some sort of decent compensation. 

The difficulty is not at 10 million anymore and that is what the price was based on.  So essentially I paid $6400 for a 3 module Avalon at the time.  Now ROI looks like 45-90+ days.
Right now, 6/24/2013, difficulty is at 19 million and will probably be 30-70 million before batch #3 ships.
I also paid $2800 for 1 module  in your plan.

My trade-in, I paid $200 to ship and have them signed over 2 months ago as well.  I chose not to buy a batch #2 because of this.  In hindsight, I should have bought 2-10 batch #s Avalons.

But what can I do?   Give up?  That's not gonna happen.  No matter how bitter the pill, I will hold my ground and have faith that you and Yifu come through.  I used my money I saved to buy a house for investing in Avalon...I still have faith it will all work out.

As a side-thought...I think we should invest in Avalon chips and assemble them on PCB.

Very Respectfully,
GreaterNinja

Since refund option was offered only a week ago, we might as well wait for refund until NY (2014? 2015?), lol. Avalon treats priority trade-in customers like shit, what can we expect as refugees of batch 3?

IMO, we still can get some btc off batch 3, but only if chips are not shipped before units. But i think they will and we will be fucked up.

I'm very happy though that i haven't ordered 3 module unit for myself.


offtopic:

Normally if you order chips now, you'd end up in the end of queue of 500 000 chips. With Avalon you can receive them first and become a king. Or only become a king. Or not.

I've never received an email, do you have me on the list?

it is not finished yet.

I mean ever :P I've PM'ed email in case you don't have it

I also didn't get an email about this either. I've PMed you about the possibility of refunds. I'd be interested.

I also did not receive an email. I'd just like to make sure I'm on the list, so there isn't confusion later.

What is the state right now?

Saw this posted in another thread.


HorseRider/greaterninja what are these 'issues' ?

Batch #3 seems to be shipped soon.
HorseRider, are your waiting for them to come or asking refund?

Emails are out. Please check the info in the email carefully, especially about the number of modules and the bitcoin address.

I recommend a refund. For those who persist own the Batch #3 unit, I think we can find a solution.

Many thanks.

Not sure if you want discussion here or by email, I think here would be better save multiple people asking the same questions of you, so I hope you don't mind if I quote.


This is going to be crucial to the decision, and I don't see you getting an answer from Avalon in time to make an informed decision

EG ball park figures

$75 at time of ordering, $95 now means on a 4 module unit we could lose 23BTC, obviously that is no good, and we would be better to take delivery as that gives a buffer to get the $ value back.  Plus with the new cgminer build they are running a lot faster than originally thought which helps a lot too.

I'm inclined to keep my order if possible.

I think it is much simpler

OP paid avalon with RMB, so Avalon team will of course refund him with RMB since he paid with RMB. But OP still have our bitcoins, so he should have no problem returning the bitcoins that we sent him. Unless he already sold some coins for RMB, which for this kind of order is highly unlikely, and OP is a true bitcoin supporter, he won't sell any large amount of coins I believe  ;)

I also did not receive an email. (((
I send my email address  to HorseRaider via PM.

With the refunds going through will there be an opportunity to purchase modules again then? Sorry followed multiple threads trying to figure this out!

I also did not receive the email.

Waiting for the refund...

A new email is sent. Please check it.

I still did not get the mail :)

Units all arrived. Busy in setting up. Air conditioner got some problem :-[, I am handling it. part of the machines are running,

For the hosted machines, please track this address 1CZg4CTgLBk3LhrfthChZ4sh7NZwv6EX5P for the mined coins.

What A/C are you using? I had some problems with the A/C I'm using to cool 7 Avalons, maybe I can help you out.

If you are using a similar A/C, it may be the same problem. I am using an industrial portable A/C, specifically a MovinCool Office Pro 36.

Excellent - thanks HorseRider!

Could you please tell how many modules / units you're hosting in total - so that we can calculate our share of the bitcoins going to the above address?

Thank you!

44 modules~

The air conditioner problem will be solved very soon. Now not all the machine is mining, and all mining at 300MHz. Soon we will all be mining at 350MHz.

I build a hot air containing system,  however, the A/C refuse to work when the hot air is hotter than 40C, when we think the temprature is still acceptable. Only part of our machine is mining, and only at 300MHz. We checked all the possible problems and identified now. It will work very soon~

It seems that you have solved the AC problems :) https://blockchain.info/address/1CZg4CTgLBk3LhrfthChZ4sh7NZwv6EX5P

So now the logical question is how will the payout be done?  How will you charge the electricity costs? In PM you mentioned that it will be done via some automatically pay out script, it will be very frequently, which should lower the risk. Can you please address those questions when you have some time?

Thanks.

The A/C problem has been solved, but the outdoor temperature has surpassed the historical records recently in China. So I may not OCing the machines. They are now all running, but at 300MHz. News said this hot weather will end in a week. I think by then we can over clock the machine.

Would also like to know the answers to these questions...

I'd like to confirm and Thank HorseRider for his time and professionalism.
Today 8/12/2013;  I have received 1 -module from a batch #3 purchase.

Very Respectfully,
GreaterNinja

I received my 1 module from HorseRider yesterday. Thank you for the fast shipping and seamless transaction!

got it too.

Our first dividend has been paid out:

https://blockchain.info/tx/7e27058ed397d15447a6493f31bf59a0fb1bed5e6023b1782731fc7fb909cba9

Balance   106.00000000
Total distribution   105.00000000
10% hashing fee   -10.50000000
Energy cost   -1.65245902
Net distribution   92.84754098
Exchange rate   610.00000000

Thanks HorseRider!

It may be a good idea to upgrade the firmware - I read that new firmware increases the hashing rate by a big factor. Not sure if that was already done for us...

Also, any timeframe on OC testing? Would really love to make as many BTC as possible these first couple of months - as the difficulty is increasing insanely.

Thank you.

I received a module early this week.  The owner had it cross-shipped to me.  It was packaged very well, in a custom made plywood box.  All cables were included.  The pins on various plugs were protected with foam. 

Thank you very much HorseRider!!

Confirming I received my unit last week, as above HorseRider had repackaged into a wooden crate for safe transport which was appreciated.

Today I finally received my 4-module Avalon. Customs as well as DHL really screwed me bad this time  >:(

But now I have another 100 GH/s at hand and I'm happy.

Thanks HorseRider!  :)

dividend paid.

https://blockchain.info/zh-cn/tx/dbe66f2adddcf2d9ff95f352e7ae3816dc648ceb71ca241dd0f4b119ceeb3db3

Date   2013/8/16
Balance   80.99499998
Total distribution   80.00000000
10% hashing fee   -8.00000000
Energy cost   -3.90600000
Net distribution   68.09400000
Exchange rate   660.00000000

dividend paid.

https://blockchain.info/tx/2a7ecab0c0b1e027ef77c77e7586942b0032b4fce54da3444ef8e77e5e52f751

Any update for last weeks dividends?

https://blockchain.info/tx/09e18360f63422ce06fdc60ff3d0dfb012368822a636b61a2a259d149d6ceef7

paid.

Any update?

wisard, mining is ongoing. But the mining revenue is less and less, and I am quite busy. So I pay the dividend less regularly. But the mined coin will continue to be paid out by the mining pool to the address. We all know that all the Batch 3 customers cannot make their money back by mining, and I am preparing a gift for my group buy customers.(Please do not see this as a promise, I am only trying.)

Thank you.

I can be patient. Just looking for communication when delays occur.  Thanks.

Thank you for your efforts HorseRider, this would be much appreciated as we have only recovered about a 1/3 of our investment (strictly in bitcoins), which is a major disappointment, to say the least...

1 module mined ~0.3btc in last 20 days, shitload, yeah.. Do you really think that with daily payouts of 0.015 btc you'd be more happy?

If the Avalon people had the same ethics and honor as HorseRider, we'd be celebrating our prosperity right now.

Are you being sarcastic ?

Although avalon messed up, the people invloved in this group buy have lost a fortune because HorseRider without consultation chose NOT to accept the refund that avalon offered.

OK your points are well-taken.

I'll share some facts.

When it came time for the decision, HR strongly recommended that we take the refund and I was leaning towards going forward with taking delivery. In the end, I said I would go with whatever he decided. But my understanding that the final reason not to take the refund was the worry that the refund would not come. Did those who requested refund actually GET refunds?

As for the delay in payouts, I get your point. To me it doesn't matter as BTC "cash-flow" is not the issue, but final eventual payout is the issue.

We got screwed by Avalon.

I think he suffered most of the whole group since most of the Avalons are his if i'm not mistaken. And generally we as a group are no exception from any other batch 3 buyer. One man's loss is another man's gain proved painfully true in our case. Considering the amount of people and BTC's involved in the batch 3 delay i'm surprised that no one has sued Yifu yet.

My opinion is that it would be good to come to some sort of agreement about the dividend payment frequency. The way i see it we have two options (beside current):

1. periodic payouts - weekly/biweekly/monthly payments
2. payments when a certain amount is reached - when x BTC threshold is reached, dividend is payed.

In this way it would be more or less clear when we can expect coins. Please feel free to add any better option than two above if you have one.

Have not received any payment for about a month

+100500

I hope we can get the next payout before the end of the year

He did. The majority of the machines were his. He also didn't reject the refund, he requested a refund but they essentially forced the delivery on him. He decided it was better to take the machines over... well... nothing.

Hi all,

I did not have the time to deal with this project, and it is not likely in the near future. I offer everyone to sell the module to me at 0.75BTC per module, which is higher than my projected life time mined coin. And you will likely believe the same.

Please discuss this offer, if I see most of you agree, I will make it

Avalon Batch 3 is a shit. Back at that time, Avalon's credibility is a shit as well. Their refunding promise were not trusted by most of the community members. If they called me and wanted to ship, I had to chose to accept it. Sadly, I have to shift these negative ROI investment on the market.

Problem with your price is the following, as I explained earlier in PM. If you are looking at mere GHashes per BTC than
yes, module is pricey, but you have it and it is already mining. There is no waiting as a part of some groupbuy, there
is no if module will be delivered on time, there is no if module will actualy work once delivered. It is hardware on your
hands right now. As such, it can be immidiately used to mine some SHA256 altcoin and, given current rates, it can earn
more than 0.75 BTC in very short period of time. You can see that there is always at least one SHA256 altcoin worth
mining more than Bitcoin at http://www.coinwarz.com/cryptocurrency

At the time of this post:

Hash rate: 21 GHashes
Power (Watts): 165 W
Power Cost ($/kWh): 0.05 (I totally doubt it costs you more)
Daily Power Cost (USD): $0.20

Unobtanium = earn 1 BTC in 49 days
Tigercoin = earn 1 BTC in 79 days
etc.

Bitcoin = earn 1 BTC in 112 days

All in all, even 1 BTC per module sounds like low offer. It would be nice if others involved in this groupbuy do the math
as well so that we can find some reasonable value.

subSTRATA
This is not even funny, but now i do understrand why Ignore button is so attractively colored.
1st altcoins are changin their difficulty every 5 minutes, so your calculations are wrong
2nd fuckingAvalon themselves sold modules 1btc per each blade. it was month ago or so.

Why bother with responding when you obviously don't understand a shit? Do you have any clue what were diffs of
SHA256 altcoins few weeks ago, or a month? Do you have any clue how much exchange ratio vs BTC went up lately,
and even more important, how little hashpower it takes to increase diffs 10 times and inevitably exchange ratio vs
BTC as well, most likely by over 10 times? No, you are clueless. Keep on mining Bitcoin and please STFU.

http://avalon-asics.com/product/avalon-gen1-module/

Currently sold for 1 BTC.


Bottom line it was your decision - sadly the wrong one. I believe that the offer should be somewhere between offered 0.75 and 1.
Do you agree?

Just to clarify.

The buyout offer is a separate amount.

We will still get our share of the already-mined coins that have not yet been distributed. Right?

Thanks.

I agree to the buyout offer only AFTER the pending dividends have been paid.

Thank you.

+1

HorseRider, we're waiting for your reply...

Any updates?

HorseRider,

Would you please take the time to properly end this hosting plan. We all invested some valuable time, stress and resources in it and letting your "customers" in the blank once you're not interested anymore seems harsh, to say the least.

I think we have not much expectation except a proper ending. In my case, and as planned from the beginning, I would like my due dividendes,  minus the fees needed to get my module back. This seems to me to be a legit request and I expect a proper answer. The sooner the better.

Regards
ebloo

PM him, he doesn't monitor this thread.

Hi all,

I feel a little bit guilty that I have abandoned this thread, and here is my sincerely apology. If you feel unhappy and any other negative emotions, I think it is real and I am really sorry. First I am seriously busy and working under high pressure, and there is something inside me that make things worse.

What happened: I have actually abandoned not only the thread, and also the mining farm. I don't have the time to take care of the unstable Avalon machines. I know there had been some miners mining, while more stopped mining. I did not have the time and incentive to repair it, or even logged into the pool account or remote access to check the status. And this April, the partners who provide the hosting room called me and discussed with me. He wants to stop the hosting operation and I thought I should follow his willing. So the mining farm has been shut down.

My ignorance of the hosting service duty is a price I have to pay, to make more important things happen and succeed. I will be responsible for your lose.

The last dividend was paid at 2013/12/20. According to my tools, from the 2013/12/20 and until the end of the life time of Avalon module, the life time earnings of the Avalon Gen-1 module will be 0.454 BTC. I will payout all the mining revenue without charging any more hosting fees.

To show an attitude, I will pay out more than twice this number, which is 0.999 BTC per module.  https://blockchain.info/tx/0fb96fc97a41fe2d9100a04e03a7bbf63d748435aa7ece8f7a748ffb0bde6434

giving the hashrate=22.5GH/s, power consumption=202W, electricity cost = 0.2USD/kwh and BTC exchange rate =1000, pool fee=2%



I will lock this thread in the next 48 hours. Thanks. Let's move on and the past is gone.

Hi HorseRider,

Don't worry, as long as you find a proper ending to this plan, which you just did from my point of view, frustration is gone and forgotten, thank you. You fulfilled my expectations from your reputation.

I wish you the best with your new ventures, hopefully with less stress than currently.

Best regards,
ebloo

Thank you for going beyond your call of duty and making things more than right!

Thanks for finaly putting this drama to an end, and thanks for everything else. We got screwed by Avalon but hopefuly learned a thing or few so it is not total failure.

BTC received, cya around!