Bitcoin Forum

Selling a Batch 3 pre-order from Avalon.

4-modules (85G/hs) + PSU

Will be delivered insured air-mail to the winning buyer at no extra cost upon receipt in Korea.

This is one of two orders from Avalon that has been verified by the moderator "Tysat".

Bids must be in a minimum of 1 BTC increments. This auction ends in 24 hours. If a bid is placed within the last 30 minutes of the auction, the auction will extend another 30 minutes from that last bid.

The bidding starts at 1 BTC. Winning bidders must provide a shipping address and delivery phone number for DHL, and an email address for my own communication.

Happy bidding!

Well I guess I will start the bidding at 1.5btc

85 BTC with escrow
Approximate date of delivery ?

Whatever the latest news is from BitSynCom. They originally advertised it for a May delivery, but you'll have to follow the Avalon threads for updates.

Also, the entire point of selling this is to have cash-in-hand now, I don't know exactly how "escrow" would work as I'm not going to wait to get paid until I receive the unit, as I would just mine with the unit instead.

Yeah why use escrow on an 85BTC deal with a trustworthy member such as Matt here.

Yep. I've never scammed anyone in the 2 years I've handled tens of thousands of bitcoins for others, always paid back every loan, and even bought back shares in failed endeavors at the original price. Despite enjoying myself far too much, I'm one of the most honest people in bitcoin. Thanks for recognizing that. It gets forgetten now and again in the misguided sockpuppet spam from the select few on this forum who don't like me.

No offense matt but I belive qukkM was being sarcastic. I could be wrong but atleast when I read it thats what I thought he was saying.

Anyways, I will bid 2btc since im assuming that 85btc bid will probably be withdrawn without escrow.

Hehe. I know it was sarcasm. Any bid that makes stipulations not already covered in the OP or by common sense without confirmation from me are invalid bids.

"I will bid if I can get it in 10 days..." = invalid bid
"I will bid if it mines at 85Gh/s" = valid bid

3 BTC

5BTC

6BTC with escrow.

Sorry Matt, I'm seriously bidding, but:





Please confirm escrow is possible.

You have brought this point up before, and I've asked for elaboration as pre-order sales are a bit tricky to "escrow". Is collateral a better form of escrow in cases like this where cash-in-hand is the intended result?

Escrow is not tricky for pre-orders. Works like this:

- Buyer sends the money to John K.
- You send the machine as soon as you get it, sending proof (tracking number, video of courier picking it up, etc.) to John K.
- As soon as the machine arrives to destination escrow releases the funds to you.

Why it's tricky? Seriously, you always said your infamous default was done intentionally "to teach a lesson to the community about people not using escrow", you said many times that trusting guys on an internet forum is dumb (see the quotes above), that refusing escrowed transactions is a reliable indicator of scam ("it's common knowledge"), etc.

I'm not trolling you at all, I'm seriously bidding, but please do use escrow. Nobody wants to get burned. What if you decide to run away with the money to teach another lesson to the community? What if you become seriously ill and cannot deliver the unit? No escrow is crazy, absolutely no protection for the buyer.

You just contradicted yourself by implying I would accept and run off with funds as a "lesson to the community" (something I've never done). Please be serious.

In response to your above statements about escrow being simple, I'll repeat what I already said twice now: the point of selling this is to receive cash in hand for a pre-order that seems to be late on shipping. If the entire point is to be paid first before the unit is shipped, escrow would serve no purpose. If I am waiting for the unit to arrive before being paid, why wouldn't I just keep the unit then and mine instead of selling it? Escrow doesn't work for this use case. If you're not trolling, think of another idea, similar to escrow, that allows for a safer transaction, but one that actually applies to the situation-- collateral maybe?

I don't see how I would be able to execute the collateral. Is a mod of this forum holding funds or anything of value belonging to you, and would he be willing to execute/release the collateral if you do not ship?

Sorry but I really don't get how you could built the "defense" of your default case saying that it was to teach a lesson about escrow, that nobody should trust other members of these forums when doing transactions unless there is escrow, etc. etc. etc...

From one side I want to believe you will never do something like you did last year with your infamous bet that hurt so many people, and because of this I want to seriously bid till the end and eventually do business with you. But if no escrow is provided it's too dangerous, anything could happen to you and the money would be gone. As you taught to people in this community, not using escrow when entering financial transactions with random guys on the internet is reckless and dumb. Especially when an Avalon is not precisely "cheap".

If you want to use escrow, I will keep bidding seriously. If not, please cancel my bid and excuse me for hassle.

I'm sure it can be arranged. There are many forum visitors who are Korean (even the host of the forums who I had dinner with a few weeks ago). If it's necessary, something could be signed over (like the legal rights to the key deposit for my apartment?). There are also numerous businesses I still own shares in and operate that could be signed over to escrow for situations like this (as recommended in another thread).

PM me and let's see if we can come up with a solution to this since we both agree escrow is the right thing to do most of the time, but there is clearly a need for a repeatable alternative solution for cases like these.

Roughly 20 hours left!

PM sent.

20 BTC

I'll take it for 20.5 BTC

I meant 21 BTC

22 BTC

(if escrow or satisfactory collateral is agreed upon)

Current bid is 21 BTC as I have not finalized a sufficient term agreement with Rampion for his bid.

This will be interesting to watch. Will get some popcorn...


http://funhug.com/wp-content/uploads/2012/06/Popcorn-.4.jpg

Honestly there's not much to see here. Save your popcorn for Yifu's response to the public as to whether he will refund what is mined with the rigs while they hold them.

Whatever...

http://www.youtube.com/watch?v=qV_XobF1QuA

23 btc

haha quite funny

Roughly 15 hours left.

So just so I understand. You are selling your order, including shipping to for example the US. To the highest bidder, at quite certainly a loss. I can only assume you are doing this out of either distrust in Avalon delivery or a need for quick BTC. Either way I understand, I just want to make sure I understand.

Outside of the payment of the winning bid, there is no more cost to take over the already paced order that has already been paid in full, correct?

Correct.

100 BTC... I'll just take it off your tab.

As mentioned earlier, any additional stipulations will invalidate your bid. Please rebid if interested.

Bitsyncom/Yifu finally stepped in to respond to allegations of premining with customer machines. https://bitcointalk.org/index.php?topic=236348.msg2512830#msg2512830

11 hours left!

30BTC

30 BTC with 9 hours left.

I've got a drama shoot 6 hours away tonight so I may not be available until tomorrow night to settle up with the winner. Thanks for your patience in advance.

30 BTC

31 BTC

50 BTC

51 BTC

55 BTC

2 hours left, current bid is 55 BTC.

Wouldn't it make more sense to buy a clone or even one of those Terrahash.com miners that produce 180GHs for about the same price?  Also they will be delivery in July.  Not like the delayed Avalons? 

Also the Terrahash device can be paid for with a Credit card or Paypal, adding additional security. 

Not to get off-topic here, but unless I'm mistaken aren't they planning on using Avalon chips, which haven't shipped yet?

I don't know if I mentioned this in previous auctions, nor what some people believe it *should* go for (I hear people with opposing opinions and some who think I'm silly for even selling in the first place) but this particular unit was purchased originally for 103.245BTC (with shipping).

You realize that by the time the unit arrives, the unit will probably be able to mine 1 BTC a day at the current difficulty rate.  And that'll go lower every two weeks.

Oh my bad, you're just here to troll. I thought you were here to discuss a serious topic.

56 BTC

Ahh .. pre-order .... nope .... cross out my bid!

Sorry!

1 hour left current bid is 55 BTC.

56 BTC

OMG, so high price when there's a boatload of batch 2 that hasn't shipped yet.  So batch two will finish shipping in September and then batch 3 will start to ship.  So can you post the order number so we can see what we bidding on exactly.

50 minutes left

Current bid is 56BTC

30 minute threshold.

For the next 30 minutes, any bids will increase the auction time by 30 minutes from that last bid.

Happy bidding!


Current bid: 56BTC

57 BTC

60

61 BTC

63

10 minute mark.

All bids past this point will extend the auction time 10 minutes from the last bid.

Current bid is 63BTC

1 minute remaining.

And bids will increase the end if the auction 1 minute from the last bid.

Current bid 63BTC

64

This Bid is late.  Please review the time.

Nope, it's with in one minute of the one minute count by the seller

He's off by 1 minute in his time.  check my last bid's time. 

You're right, I took too long to post from my wet iphone screen. You won the auction!

Thanks everyone for participating and if you could send me mailing address, delivery phone and emergency email, I'll send you a bitcoin address for immediate payment.

Cheers

How come? You said one minute, and my post is within that minute.

Looks like you didnt understand the rules...


last possible bid would have been 09:32:12 AM... and then incremented in 1 minute steps deadlines. You passed this limit by 24 seconds...

The title says 24hours and not number of seconds, and seller was acting as a counter this whole time.
I could've posted my bid a minute sooner, but his message pooped up saying that there still was another minute...

I think that the bid counts because the seller indicated there was a minute left!

the seller only wanted to "update" his thread, to show highest bid and to lower this "sniper protection".


There is no point to place your bid in the last second when the deadline gets extended. So I think its just fair that you lost. Im sorry for you, but the rules were clear.

and if you read Matthews message he clearly says: "And bids will increase the end if the auction 1 minute from the last bid."

He doesnt say "the auction ends in 1 minute"

 
I can see that, but I didn't post my message in the last minute because seller did that.
I clicked post message within the original time limit and when a seller updated the thread, it suggested I should read new messages in the thread before posting mine.
I'm essentially being punished because I was reading an update from the seller saying there was still a minute! I wasn't even sniping, just reading the information provided (1 minute remaining!), and my bid was still within the minute as specified by the seller. You really think it's fare?!

There were 30 minutes between your post and the last valid bid, so dont say you werent sniping...


You should work on your English because he didnt say that. He said new bids would have 1 min to be outbid by even new bids.


Yes, i think its fair.

I came online 4 minutes before I posted it, so I wasn't sniping because it can be easily proven that I was having dinner and just came back. There are also stats showing when I came online, so I will say it, because it's a fact.

I suggest you work on your advice giving skills, because "1 minute remaining" says exactly that

LongWait4BFL, Eisehnower34 is correct. It is my fault for being late with my post, however the rules before my post supersede meaning that the auction was over when I posted the last update (my phone had water on the screen and it wasn't letting me type fast enough).

The 1 minute remaining was a reminder to people that there had been roughly a minute left on the timer. It is correct that you posted a few seconds too late. Better luck next time!

To the winner: congrats for the super cheap Avalon.

This. I broke even considering the previous sales of the second unit shares for a profit, but someone *did* get a dirt cheap Avalon from this!

Bargain hunter! What a deal.

Wow I wish I would have seen this earlier... would have happily bumped it up to BTC100 if there were contenders!

Now that the auction is over, may I ask why people would still bid that much for a preorder? I mean it will take a year to get your initial BTC investment back and you have 0 promise that the price will stay as high as it is right now...

its a preorder so you cannot start right now. so take a 4 to 8 weeks delivery time, you make  4 BTC / month which will reduce maybe even half every month.

4BTC / mo
2BTC / mo
1BTC / mo
...

Maybe im not uptodate with the promised delivery times so whats the newest date?

4 BTC per Months? Where have you been at maths? :D

??? ??? ??? ???

Let's assume the buyer gets his Avalon when we hit a diff of 40 M (double of what it is today) with 85 Gh/s:
The calculation will look like this to him:

My guess with ever increasing diff ..... that he gets total ROI in 3 to 4 months.

Well, you can get one for BTC104 right here.
https://bitcointalk.org/index.php?topic=237825.0

Well, you can get an ORDER for one is a more correct description. It may never actually show-up, who knows.