Any one have avalon asic chips for sale ?

I want to buy about 16 chips , if you have pm me price and quantity .

PCB design is almost ready . Need chips to test them

Any one have avalon asic chips for sale ?

I want to buy about 30 chips , if you have pm me price and quantity .

The Reserve Bank of India has expressed concern over the rise of "virtual currencies" which are the likes of bitcoin. The concerns have been voiced at a time when the US authorities have cracked down on a virtual currency company "Liberty Reserve" alleging that it was involved in money laundering.

Virtual currencies or crypto currencies have also come under the focus of the police. D Sivanandhan, former DGP Maharashtra & CP Mumbai, and security adviser, central security cell, RBI, recently said crypto currency are becoming major avenue for money laundering.

In its financial stability report, RBI has for the first time raised the issue of virtual currency in India. "The unregulated link between virtual currency (if permitted), and traditional currency with a legal tender status poses challenges as the complete control over the differently denominated virtual currency is given to its issuer, who governs the scheme and manages the supply of money at will," RBI said. It added that regulators are studying the impact of online payment options and virtual currencies to determine potential risks associated with them. Explaining this new online creation, RBI said: "A virtual currency can be defined as a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community. The virtual currency schemes provide a financial incentive for virtual community users to continue to participate and are able to generate 'float' revenue for their owners. They also provide a high level of flexibility regarding the business model and business strategy for the virtual community," RBI said.


The central bank said some virtual currencies can be exchanged for real money, goods and services. "Under some category of virtual currency schemes which provide for bidirectional flows, it acts like any other convertible currency, with two exchange rates (buy and sell). In such schemes, the virtual currency can be used to buy not only the virtual goods and services, but also to purchase real goods and services. Virtual currency schemes are different from electronic money schemes as the virtual currency being used as the unit of account has no physical counterpart with legal tender status."

A virtual currency scheme may also be designed to compete with traditional currencies used for international trade. The absence of a distinct legal framework implies that the traditional rules under financial sector regulation and supervision, including the institution of central banks, are not involved in the case of virtual currency, RBI said.

source :
Guys What do you think about this ? Do you smell a BAN ? or nerf like paypal ?

they keep asking for upgrade the order and they never ship crap BFL

YaY cashout time

what a scam, check the below pics

poor photoshop skills


http://www.facebook.com/photo.php?fbid=10201405430642845&set=a.10201405429962828.1073741827.1386939091&type=3&theater

and this http://imgur.com/vHr1Upy

@Adeel06

4% of total BTC Mined will be for covering running cost & staffs etc , Remaining will be divided into 175 Shares .

I will be paying 22% import tax - 1540 USD & PSU

I have contacted John K regarding the escrow


Yes order is placed with KnC

PSU not included

Anyone interested Please check out https://bitcointalk.org/index.php?topic=242241.0

KnCMiner Jupiter 350GH/s - (2GH/s Share @ 0.44BTC)

This is the group buy for KnCMiner Jupiter 350GH/s Bitcoin Miner from www.kncminer.com sweden based company. We will provide hosting for the Miner. The Miners will be hosted at Chennai, India.
Mining will start once KnC deliver the machine during September.

Benefits

We will take care of all the Staffs, ISP, Electricity, Power Supply Units, Cooling, Customs Import Duty and Office Space. Managing Miners Etc.
You dont have to worry these.

KnCMiner Jupiter Specs

• Minimum 350GH/s per device.
• 28nm standard cell ASIC Chips
• An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
• Water cooled setup.
• Modular Design allowing for expansion at a later date.
• Embeded Linux device to allow for standalone mining.
• Shipment begins in September
• This device will require an ATX power supply

Shares

Each Share costs 0.44BTC and allocates 2GH/s for 24 Months. Each Miner is divided into 175 Shares.
We will be allocating 4% of total BTC proceeds to cover running cost and staffs.


To Buy Shares

You have to send 0.44BTC per share . Please post the transaction ID in this thread or PM me and also sign your payment.


Payment Address

17C5dwCwixMUBBQMbsZ9xW9gUfMsHTwkkm


Dividents

Weekly Payout
Dividents will be sent to the address used to buy shares
Statements will be posted in a private website.


Refund

Refunds will be provided if KnC fails to deliver the miners. We will try everything to get the money back from KnC if not delivered.


Hardware Failure

In Case of hardware failure we will send the miner to KnC to repair / Replacement. Any cost for repair will be deducted from dividents

Who are we?

My Name is Arun Christhudhas from India, Professional Webmaster, Developer & BTC Miner . We provide webdesigning & hosting service. Me and my partner were running this business for 4 years now.
Check out our Flippa Profile https://flippa.com/users/335139
https://www.paypal.com/us/verified/pal=arunchristhudhas@gmail.com

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If i missed anything feel free to ask

yeah that true

woah , ordered 2 of them , so i would be paying 3080 USD taxes jesus christ .

any luck mining this  ?

Im too looking for the answers

Bitcoin Land  . Lyk Disney Land

pm sent bro thanks

This will take ages to ship aw already waited like 6months now

Less coins per block , Paypal , visa / any country announce BTC as their national currency might take take to $500

WTF is goin on here ?