update:
1. Price for our “Garden Miner" will be 0.45BTC/GH, the prices of all models can therefore be calculated. This price is based on shippment Date: the end of Aug/start of Sep, any delay will make the price even lower.
2. Models of "Garden miner" include : 48GH,96GH,192GH, power consumption is approximate 5W/GH, i.e., the biggest 192GH `s P-consumption will be around 1KW.
3. Hope the "Plug and play" functionality will be added in the first generation("Simple-operation "is always our persuit,but we cant 100% sure we can do so in the first gene)
So you are taking preorders or will open payments only when the units are ready to ship? |
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"To bid in an auction is an agreement by itself"?
Maybe in the outside world, but in this forum an auction is only a "device to assist in price negotiations". Everything is allowed unless there is a signed agreement between you two, for example where you state that canary would have honoured his winning bids.
No scammer tag will be applied.
Please read the thread I linked in my first post.
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Demand for these is crazy (as in stupid - crazy). I'm really satisfied to see their price go down like that. Props to those who resold their on eBay and etc. But I imagine the itch of those who did not.
If the demand was "crazy", they wouldn't have lowered the price. How "crazy" is the demand depends on the supply.Eg: If you can quickly produce 20,000 items, which unitary cost is around $1-$2, and there is a "crazy" demand for a) 5,000 items at $200 and b) 12,000 items at $100, it would be obviously more profitable for you to go for option b). If suddenly your production capacity spikes to 80,000 items, it's way more profitable to sell all of them at $20 than selling only 12,000 at $100. It's not the vendor who sets the price, it's the market which functions following supply&demand. I'm ashamed to be explaining such basic things, but some of the guys in here seem to do not understand basic free market principles. Some of you think the "demand is crazy" because you re-sold 10, 20, 30, 50 of them on ebay. That's peanuts. We should assume supply for these USB thingies should be in the orders of hundreds of thousands. |
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Those are delusional libertarians who believe in the mantra: they laugh at you, they fight you ,then you win.
Yes Bitcoin network would still exist and mined but valued in the single digits.What a win it would be!
Oh Rampion would cry from happiness if that would happen. 1000's of Bitcoins worth 5 cents each and not a person in the world who would want to touch them anymore. He would call that the war has been won. I believe "not a person in the world who would want to touch them" is very inaccurate. There are lots of people who don't believe the "legitimacy" delusion, people who is not swallowing the BS they are fed with. People who appreciate the ability to do whatever they want with their money, regardless of what some regulators/policemen/government thugs say. Are you worried by Bitcoin going to single digits, even sub dollar? I explained many times, with figures, why I believe in the long term Bitcoin will be more expensive than now, even in a global ban scenario. Black market economy is huge, so if your only worry is the exchange rate, I won't worry so much. Of course you will have to learn how to trade it outside the traditional channels in that scenario. Then, I will say something that may be very impopular in the speculation sub forum: if Bitcoin goes to single digits but it survives, serving as a tool for those that cannot move their money freely in order to bypass unfair regulations, I will be happy. Sure, I would have lost a lot of the value I threw at Bitcoin, which is not negligible - I can tell you I could leave very good during two years with the amount of fiat I invested in BTC. Still, if I'd lose it I wouldn't be starving, and I'm very conscious from the very first moment that this is a super high risk investment. Fiat denominated profit is a nice bonus, but it was never my goal when I decided to participate in this experiment. I very much prefer being free than being rich. For me Bitcoin is a matter of freedom and principles, this is about challenging the rotten financial system, not about getting rich quick. And still, as I said earlier, in the long run I don't see BTC going to sub-dollar unless a) a superior crypto with the same characteristics (trust-free, decentralized) takes over, or b) a fatal flaw in the protocol is discovered. Let the party begin, I hope you were never so foolish to believe that the people pulling the strings in the financial world would leave something that truly endangers their position alone. |
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No, obviously I didn't. ATM it's impossible to know exactly when batch #3 will be delivered, even less when the Bitfury o Terrahash will be able to ship en mass.
As Bitsyncom stated, Batch #2 should finish with June, and Batch #3 goes just after. They also stated that shipping was going to start on May, 5th. And we also have aprox. shipping deadlines for the other manufacturers (Bitfury, KnC, Terrahash...) Given past history, I stand correct: impossible to predict when customers will receive their units. |
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Here goes an update regarding two refund requests: I submitted a refund request for a batch 3 asic and have not heard anything yet nor received a refund.
Edit: This was about 6 days ago.
Same with me. |
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Then you will loose even more money and still dont make a ROI.
This is an irritating price-correction in such a short amount of time indeed. As much as I'm tempted to purchase another 50 of these, I just can't rationalize it given the possibility they may be priced at 0.50 BTC each next month  Well, this possibility is highly likely. Market price is set by supply&demand, I will make you an honest question: do you really think that the market can absorb 10,000 USB miners that won't ROI at all, at +$100? I'm VERY interested in those USB because I love the concept, I'm in love with them, but I didn't buy any because they feel like a rip off. Ok, $100 is not so much in the big scheme of things, but still I don't feel like overpaying just because of anxiety. I have no anxiety, the market is always right, and I will end up having a couple of those for a fraction of their initial cost... And still, they will probably never break-even, whatever the price is, it looks like the trend is to sell them above the break-even point, just like the blades... But anyhow, the price will just adjust following difficulty, and even if they will never break even at any price, paying $25 for a USB toy is not like paying $200. |
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AFAIK the Avalon Team is not giving refunds for batch #3 orders..
Yes it is we opened refunding option for batch #3 order since it is quite delayed, batch 2 is shipping and should be finished shipping in the end of the month, then batch #3 is to start right after, we are not refunding chip orders since the coins gets sold and is used to pay for chip order at foundry, canceling is not really possible.
but essentially we put in order for chips every week, by early July the chips that were ordered when we opened orders should be out the door by then.
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as there are options on the market that are much more cost effective at the moment (Terrahash, Bitfury, KnC, etc.)
A bit offtopic: did you took time variable in your caclulations ? No, obviously I didn't. ATM it's impossible to know exactly when batch #3 will be delivered, even less when the Bitfury o Terrahash will be able to ship en mass. What I'm quite sure about is that above 30/35 million difficulty, Avalon batch #3 won't even break-even. |
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As you may have seen Avalon has offered a full refund to all their batch #3 customers: we opened refunding option for batch #3 order since it is quite delayed, batch 2 is shipping and should be finished shipping in the end of the month, then batch #3 is to start right after, we are not refunding chip orders since the coins gets sold and is used to pay for chip order at foundry, canceling is not really possible.
but essentially we put in order for chips every week, by early July the chips that were ordered when we opened orders should be out the door by then.
I guess many of you are taking this refund, as there are options on the market that are much more cost effective at the moment (Terrahash, Bitfury, KnC, etc.) This thread is to follow up: a) who decided to take this refund (please disclose as much info as you can about your order: order number, number and type of units, payment date, refund request date, etc.) b) how much time its taking for these refunds to be processedIf possible, please share what you will be doing with the refund (just keeping the BTC, investing in another mining company, etc.). Once a day a will update the OP with the results June, 28th update:cmdbill: refund requested and not honored yet, 9 days waiting so far elendir: refund requested and not honored yet, 9 days waiting so far aissto: refund requested and not honored yet, address requested by support ilike to mine: refund requested on June 25th and not honored yet, 3 days waiting so far July, 5th update:cmdbill: refund requested and not honored yet, 15 days waiting so far elendir: refund requested and not honored yet, 15 days waiting so far aissto: refund requested and not honored yet, address requested by support ilike to mine: refund requested on June 25th and then cancelled by the user. July, 10th update:cmdbill: refund requested and not honored yet, 20 days waiting so far elendir: refund requested and not honored yet, 20 days waiting so far aissto: refund requested and not honored yet, address requested by support jspielber: refund requested today, not honored yetjtomo22: refund requested, not honored yet, 15 days waiting so far No news from Bitsyncom |
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Let the games begin.
Let the Great Dollar Extraction begin.  Shall we have a little panic buying first? Cool to see how the fools who wish to be "legit" and "regulated" see that despite being law abiding citizens their funds are taken hostage, and the only way to move them freely is by converting them to Bitcoins. Interesting times ahead. Gox losing its dominant position, huge opportunity for alternative exchanges, people realizing that a battle is approaching and that the traditional financial system won't hand over its power without a good fight. Going to buy popcorn, brb |
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This sounds like the start of a banking blockade based on bullshit to me. Cool, fools that wish to be "legit" and "regulated" will now see with their own eyes why Bitcoin was created. This experiment is now approaching "phase 2". The outcome will fundamental to its short term survival and its long term success. |
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This is one heavy piece of information. holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that? This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool. The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive. Let the games begin. |
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Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.
If you sell more than you can make, your prices are too low. If you sell too few - you over priced and missed the boat. And then you drop the price, and...oh wait, that is what they're doi.... Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales. [EDIT] 2 weeks ago... Supply and demand dictate the price. They *had* to lower the price because they produce more than they are selling. If they have a decent capacity, in some weeks you will see them at $25ish And they still won't make a profit! Probably not. But they will become an affordable novelty item, a cool gadget. At $100ish (1btc) they are a useless luxury that satisfies only the hard core fans. As soon as the difficulty skyrockets, $25 will be too much. These babies will go down in price quickly. |
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Friedcat would have sold more than he could make if he came in with 3 ubs sticks for 1 BTC - over priced - too late now - missed the boat.
If you sell more than you can make, your prices are too low. If you sell too few - you over priced and missed the boat. And then you drop the price, and...oh wait, that is what they're doi.... Yeah, but customers who already paid 2+ BTC will be pissed (like me) and think twice now - no return sales. [EDIT] 2 weeks ago... Supply and demand dictate the price. They *had* to lower the price because they produce more than they are selling. If they have a decent capacity, in some weeks you will see them at $25ish |
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We can't deny that as foolish as it is, that letter is a nicely crafted piece of FUD
America is a specialist on that. I guess we can just react with laugher, irony and contempt.
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A self moderated topic in politics and society. This thread is going places.
This. |
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WTF is goin on here ?
John K ran away with +100,000 BTC of the forum, he is sending the coins to Gox right now, OMG SELL SELL SELL!!!! (sorry, couldn't help it, I'm a bit drunk). |
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Buying/selling forum accounts isn't against the rules.
Cool, that makes the new "trust" system very useful indeed. |
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