CPU mining became obsolete in 2011 (even for LTC - look at the difficulty).  Don't waste your time with it.

Because even if you had all 7 units at once, on the off chance you have really bad luck and don't get a block for 7 days the difficulty would probably reset to an even higher level.  Think it can't happen.  See how many times BTCGuild has not mined a block for over and 2 or 3 hours (happened frequently for me over there, but then again I am cursed with bad luck).

We really need a facepalm emoticon.  Apparently the word commitment is lost on some of our newer members.  Normally I don't call people out but on a board where I have spent more time in the last 3 years than any other board I'm not going to hold back making judgements.

- Splirow's rig is the only viable option since qwk had already invested with horserider (that is fair since horserider wasn't in the original group buy option)
- Elduce has requested his 25 BTC be refunded as he had chosen to go another route.  While Splirow's rig is not a direct Avalon order, I feel he is betraying the group trust.
- sloper has decided to invest with another option so he violated the spirit of his pledge of 10-20BTC.

With this the funds to buy even 1/2 a rig are sparse.  I will be issuing full refunds to all 6 investors.

Please consider Splirow's offer above as it is essentially the same as mine with partial ownership at 4% (I don't know what the premium over Avalon's price is).

qwk 25 BTC
Date: 3/28/2013 00:18
To: 1AKiCLJ8td2MSR4rPEkhgGvhfQL1YKYVGp
Debit: -25.00 BTC
Transaction fee: -0.005 BTC
Net amount: -25.005 BTC
Transaction ID: 9572b89bc3cba2d7adb4e03eb8bd798d932afac0f148f5d1f2c44ddbdb9d2874

jongaper 3BTC
Date: 3/28/2013 11:19
To: 1LjCFG8y4VQC7CiJGAL9Fcy4UhhZrceYPy
Debit: -3.00 BTC
Transaction fee: -0.001 BTC
Net amount: -3.001 BTC
Transaction ID: eb2a38bf6e061a45043d655bda2e8961428d700ba68def9bf25f74a1fc04e824

elduce 25 BTC
Date: 3/28/2013 00:27
To: 1GhYHNGjctqJgVerBgGomyJNH4yNPN2L45
Debit: -25.00 BTC
Transaction fee: -0.001 BTC
Net amount: -25.001 BTC
Transaction ID: aec7d991709f3bee6e4261c506cb19b5d108441c89ed3199ab586fe3e9481b65

peewee 6 BTC
Date: 3/28/2013 01:54
To: 13FdjGU6P6q6ypqWVQ2fJpF93ikTKTH2yS
Debit: -6.00 BTC
Transaction fee: -0.001 BTC
Net amount: -6.001 BTC
Transaction ID: 8f0f084cce02e760a7385869f4297bc168f5db69a5dbfe9c2614e66b777068a4

mbor2k 5 BTC
Date: 3/28/2013 01:07
To: 183AG6DayBE4f5NtFV4qQRrEXdu5E8zsby
Debit: -5.00 BTC
Transaction fee: -0.002 BTC
Net amount: -5.002 BTC
Transaction ID: 06ee7f4bfc0026be361ff8ab21b819dc5a5c6004f6f44f34c1b655831af97a31

anonymous 10 BTC
Date: 3/28/2013 11:21
To: 1Gu4mRukrZ2Qj4T79zxb6G7KLgG7fHgApE
Debit: -10.00 BTC
Transaction fee: -0.001 BTC
Net amount: -10.001 BTC
Transaction ID: 50b9935a10167c77a0fb45253634975fe0ccc42d6e74bd56d27833683cce71ab

Yeah I have more than enough coins to pay for any offer short of 1000 BTC, but effectively if the group wants to go with horserider's offer we would be down your 25BTC making that difficult.

So we're looking at going with Splirow's offer then.  What does the group feel comfortable paying.  The lowest offer above 104 BTC + shipping would be what we offer him.

Splirow sent me a PM asking the group to make an offer for his extra 4 module unit.  I told him I can't speak for the investors, so you guys will have to chime in if you want to buy it from him (which would require reshipping I assume unless Yifu is amenable to changing the shipping address).

Horseriders offer looks like it will sell out soon so I need the investors to please post here what you would like to do.  Please see post 2 and note 73 BTC are sitting with me.  104 BTC roughly needed to buy the 4 module unit (I'm assuming Splirow's has a PSU). So the pledge people would have come through to hit 104 BTC.


I could throw in a few BTC to make it happen but would like to stay out of it to avoid conflict of interest.

Well I've been checking and nothing showing up as In Stock.

Bitpay was a much, much, much, much better payment processor than Walletbit.  I doubt that there will be any orders that go unpaid.

So at this point the investors of this group buy should consider horserider's option.

I don't see any other ASIC options for the next couple of months.

Are they being made in a tent   

I was looking at horserider's resell option and this may be a viable option for the group-buy https://bitcointalk.org/index.php?topic=158295.0

Obviously it may not be ideal as having the unit in our hands immediately but if it is received in China well before other destinations the 10% fee and electricity cut may be negated by the increased earnings early on.  It would only make sense to buy a 4 module unit so you could get the whole rig, and then have it shipped when difficulty is high enough that 2 weeks of shipping downtime outweights income lost due to fees and higher electricity rates.

We have 73 BTC in the pool and 20-30 in the "pledged" category.  If sloper pays 20 and we can get 7 more BTC then we will have the 110 BTC to buy a 4 module unit from horserider.  Post in here if you think that's a viable option should Avalon not come back in stock.

Obviously then my role would then be made obsolete.  Horserider could then ship to one of the investors who has cheap/free power.

Just something to consider...

Most of you are telling me to wait a couple of days to see what happens.  I'll refund everybody on 3/29 then since I'll assume they won't get anymore in stock.  Anybody who wants their investment returned now just message me.  Otherwise I'll just keep checking the site every 10 min like I've been doing. 

That's how this forum is.  In the Market Speculation subforum everybody is a fund manager, in the services subforum everybody is a professional, and here everybody knows all about electronics

If I didn't have cheap power I would definitely consider this.  The only issue is that most people currently won't commit to moving their ASICs since 4 days downtime for shipping is like $1000 USD.  I assume this is for long term maintenance once the hashrate gets high.  Shipping a unit to Seattle might be more than the power savings of a month of usage (depending on location).  The real benefit would be not having to maintain the operational status of the units.

I'll be visiting in-laws in Seattle in May, we should meet up lol

This year I think I'll just do the Harbor LA 5 day event at the Forum so I won't be traveling.  It's harder to leave home than I planned with 3 kids.

For those asking for prood and ID, I am PMing theymos (he's the admin for bitcointalk in case you're new).  Once I purchase the unit I'll provide all my info to the investors.  I do not feel comfortable providing my photo ID to a new user with 1 post.  If you do not feel comfortable sending me the BTC then please do not do so.

No units seem to have come back into stock.  We have a total of 63 BTC accrued.  I'll wait for an announcement from Avalon or if you guys wants I can just send the refunds tonight.  DO NOT SEND ANY FURTHER COINS.  Just PM me if you want to want to be considered for the queue.  If the unit does come into stock, I will buy it and then ask for payment.  We have enough commitment to get 1 units, we're now looking at about 10 BTC into unit 2

OK been hitting F5 way too much.  It's 4AM here...Gotta get some sleep or I'll kill my patients 

I keep checking to see if the unit comes in stock. If not I'll send the refund later this evening.

You know... the fact you don't know smoothie pretty much means you know nothing of Bitcoin or Litecoin.  Join date 3/23/13... either a trolling puppet or clueless noobie who maybe have escaped noobieland but hasn't learned much in those 4 hours.

My comments are final.  I AM NOT A NO ONE!  Don't you know Bonker appointed me King of Bitcointalk? I was given the treasury key by Mr. Shavers himself!

Yes clearly I feel insignificant.  For that I'll give you more yellow and I'll go murder my wife and kids and blame it on you!

Peewee you have a blockchain link for that transaction?  Not showing up in on my end yet.... nevermind, took a while to finds its way.

As I discussed with some of the members I will go ahead an buy the unit if it comes in stock using some of my own funds.  I already have too much exposure with BFL orders also so I didn't want to spend any more.  Plus I think it would be better if I kept out of the group buy to limit conflict of interest.

This is something I was wondering how CoinHoarder was going to handle. I was thinking of making a dedicated account on a pool or pools and lock in the payment address.  Then we could distribute the login to everybody in the buy-in.  That way you could always check on the status and yell at me "hey dumbass, the miner locked up - restart it" 

As far as fair division - I used to invest a little with DeadTerra and he used to keep an Excel file.  If you have a fixed percentage column and a running dividend (every week or month) it would be easy to have Excel just calculate that.  Only payments would have to be done by hand, and if the group wants to they can assign somebody else to do that if I get too busy.

As far as insurance my wife's office is insured for over $250k, should be able to stick a miner in there.  CoinHoarder will probably have to reassess his policy with those 7 units as that's almost 50k of hardware.

In the even of my untimely demise everybody can harass my wife (since she knows about my bitcoin madness).  It's pretty easy to find my Trust if you look through all my old posts.

Sadly all these considerations may be of no use as it is in fact out of stock - I'll keep checking every 10 minutes though.

Received 25BTC from elduce.

The units were going in/out of stock as people place orders and then fail to pay.  Total now is 52 BTC.  Need about 25 more to make this happen.

2.0 BTC received from jongaper, total 27BTC now

Ultimately you're doing the community a service.  Sure you make a little profit at the beginning but it can become cumbersome or tedious as time drags on.  Having had my GPUfarm close to 50TH I know about constantly worrying about miner downtime (FPGA farms are a lot easier to manage).  I was hesitant to start a group buy but I really feel bad for people who would like to get into the ASIC scene but don't have 6k laying around, are in the US and have crappy options for buying BTC or are not technically proficient with mining equipment but nonetheless fully supportive of BTC.

Since CoinHoarder has closed (hopefully I won't have to keep editing my thread) I've reopened my group buy:

https://bitcointalk.org/index.php?topic=158772.0