Obligatory paper with my forum name on it by your new 10 USB miners. 

You are bidding on TEN Block Erupter USBs w/Anker USB hub (about 3.33 Gh).

Items ship within two business days after the auction ends.

Timer removed. End time: 2013-07-04+20:30:00

Starting bid @ 11 BTC

Please bid in increments of .1 BTC

No splitting the USB sticks- all bids must be for all 10 USB miners and the Anker USB hub, as a one share auction (for a minimum of 11 BTC.)

Buyer pays shipping costs. I will ship worldwide- shipping from Texas.

Kosmo!

I got everything in the mail today.

Thanks a lot for the fast shipping and easy buy!!

Cheers,

Ch

If only it were that simple. 

Hi Glendall,

Yes, the delays on Avalon's part have messed up my plans and cost me financially. I have paid two months of rent on a commercial property +bills where I am planning on hosting the equipment. All of that has come out of my pocket- no cost to the group.

I still remain hopeful Avalon will ship soon and save this venture. I will feel bad not only for myself, but for the people that invested with me, if their funds are not returned in a reasonable time. It is unfortunate that we had to suffer these delays at all, now I know how long time BFL customers feel, but I suppose it is par for the course in the current ASIC environment.

I would like to move this fund to Bitfunder as well. I am trying to work out the logistics. For instance, some group members own an amount down to the satoshi (0.00000001 BTC) in the group buy. The only way to convert share amounts exactly would be to create 72+ billion shares worth a satoshi each. Obviously this is a lot of shares, I would rather do it on a percentage basis, however some people would lose/gain shares because it would not be exact. It is a complicated problem and I am thinking of a better way to go about transferring our assets to an exchange and each share not being worth a satoshi. I think 72+ billion shares worth a satoshi each is obviously a little extreme.

At the end of the day, our biggest problem is the Avalon delays. If we could actually get our equipment, then things will fall into place. Again, unfortunately that has not been the case. With the news on overclocking capabilities, I am still expecting a 2-3 month ROI on our equipment. Yes, I will be overclocking to a "safe" clock speed. I have way more than enough cooling capacity than what we need, so that is not an issue. Our risk of overclocking is reduced by the fact that we as a group own 7 units, however I do not expect to lose any units by simply overclocking them. I have been doing a lot of research on their capabilities and will not push them too far.

This is probably a lot more than you wanted to hear.. I've had a few beers and am quite talkative obviously, but it is a complete update of our status.

Cheers,

Ch

I found someone through the forums for a 1 BTC loan.

I will keep your service in mind in the future Ascension and will get verified in the meantime.

Thank you,

Ch

See the bolded statement above... it only runs 8.

The best solution for 10+ I've found so far is the Anker linked in this thread earlier.

That was my initial choice. Here is another link to it with specs: http://www.thinkgeek.com/product/eecf/#tabs

Power Adapter
cUL, FCC
Input: 100 - 240 V, 50/60 Hz; 1.6A, maximum
Output: 5 V / 4 A
Cable: 1.2 m (6 ft.)

Only enough power to run 8   

No matter what USB hub I buy, I need to make sure to have an extra USB port for my new toy:

http://www.youtube.com/watch?v=rI-pct3zy18

Notice the USB male plug is blurred... rofl 

Lol.. I found this while doing research into the 49 port hub.  

Ascension: How long does verification take?

Hi,

I need to come up with 1 BTC tonight or tomorrow, I am a bit short for a business transaction.

I have done $100,000+ of transactions/group buys on here and am as trustworthy as they come.

I will pay 125% over Mtgox average to give you some incentive to sell a Bitcoin to me.  

Ideally you will have a wells fargo bank account, where I can instantly transfer you the USD online. If not, I will directly deposit cash into your bank account tomorrow morning (as long as your bank has a location here.)

Thanks,

Ch

EDIT: If there are no takers tonight, the offer is off the table.. I will just use Bitinstant. Thanks!

That is a much better name for them I suppose... "don't bite the hand that feeds you!"


They still seem to be going for about $150-$200

Buying block Erupters is my bet against the other ASIC manufacturers. I think a lot of them will suffer more and many delays. A lot of people putting money down on kncminer/terrahash/bfl/et al are going to see delays IMO.

To hedge my investment in block erupters I am going to be reselling them for 125-150% what I bought them for to dumb dumbs on Ebay.

Even if I didn't do that ^, I still feel I'd break even on these in about a year or two. Not bad IMO, this is definitely the best available option right now as far as ASICs. You guys that are too worried about $ per Gh are going to be sad when the delays kick in a la BFL from your <insert new ASIC manufacturer here> order.

Wonderful, thanks kosmo. 

Where did you find this so cheap?

The only place I can find to buy it is asking over $1,000 usd

That USB hub is badass, I want one!

*bites tongue*

Good work Smoothie, well played. 

That hurts.

I think you just convinced me to invest.     

I disagree with this statement. Granted, in Bitcoin mining everyone is always looking for a month to 3 month ROI. However, I feel like with this security having so much future potential (mining hardware at cost + hardware sells + generation2 chips), ~30% APY is a completely reasonable price for one share.

Also, there is quite a bit of buy support above 3 BTC, with 192 bids above 3 BTC on Bitfunder (I don't visit the other exchanges so I'm not sure about elsewhere.)

Yes, personally I would never do business with an ASIC manufacturer that does such a thing... *cough* BFL *cough*. I'm glad Avalon doesn't do that, I know I've probably referenced them in a bad light a few times since all the delays. At the end of the day, if they get my Batch 3 units here the first half of next month, all will be good with me.

+9999

After seeing I could probably OC a 3 module Avalon to 98 Gh using proper cooling, I am definitely interested in picking up some of these to test them out!