I was under the impression that Avalons run at 66 GH.. or am I missing something.
You can get them running at 71GH/s overclocking. Anyhow, I don't know why there is people that always use the very maximum hashrate their machine can get when making calculations, etc. it's delusional IMO, wishful thinking, because the machine won't have 100% uptime and everybody knows that. |
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I bought 100BTC for my dad when the exchange rate was $20.
Those are in a paper wallet and will not be moved for at least 5 years.
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Batch #2 customers will have a decent ROI.
Batch #3 will have minimum ROI (if any), but I'm pretty sure they will break-even after some months.
In any case, unless somebody has a specific problems with their units (for example, they are never delivered), none of the Avalon batches will incur in losses IMO. At least I'm not worried about my batch #3, I knew this was risky business, because what you guys need to understand is that the company that sells you on the spot money-printing machines that guarantee you ROI does not exist.... And that company will NEVER exist.
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And here we go: Not quiet ready yet, but since we did promise an update over the weekend, here's a sneak peak of the exciting two weeks that will follow. For those who did not see Yifu Guo's panel at the conference can check it out below http://youtube.com/watch?v=LY1xgGiejIc | http://youtube.com/watch?v=UtVx26LlNXAhttp://www.youtube.com/watch?v=nD237oF7cCoLet's get started. First, there will be no power supply cable included in the box, you will have to acquire you own, it is an standard ATX power cable, get the socket for your country, we did this to save time allowing all the packaging of the Avalons to be uniform. To summarize and recap the talk at the conference: Scaling from few hundred units that we had a few month to prepare for into a few thousand units in less than a month have proven difficult, we must admit that we have bite off more than we can chew and suffering from "third-party dates", which are ever-changing. We are playing catch up and expect to soon see the light at the end of this tunnel. Facts: New SMT line is now fully operational as of this weekend. New shipping channel secured and tested. Sample chips has began shipping. Majority of all the parts have arrived and ready, which also means we finally will have time to go over tickets, and send out those trade-in payment emails. What you can expect in the next newsletter should consist of the following: photo tour of the new Avalon factory, the operating crew, which have doubled in size, assembling. piles and piles of packaged Avalons ready to ship. Sit tight, it won't be long now. |
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Yep, but finally some nice big volume on the move upwards. It was weeks we didn't have such volume going upwards. |
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Breakout. I concede this is going differently than 2011.  Seems that it has only taken a different initial path in order to fool some of us.  I'm fortunate enough to have actually come out with profits since I posted this as I reversed my position early at minimal loss and had a nice daytrading move immediately after (a week ago). Back to holding the Bernanke Bux until we see <50, probably. We broke horizontal support levels of 103 and 97 recently. Next one would be 79. I predict that after a possible initial bounce beyond $100, we will be trading in the double digits for a long time. The Great Dollar Extraction is ON. Still, I don't see the price crashing as low as in 2011... In 2013 terms, that means having a bottom of $16ish (2/32 - 16/266). I would be surprised if we go below $50, and very very puzzled if we go below $30. If the crash isn't painful, it likely hasn't completed. Take a look at sentiment today: the price that people are saying would be painful, "the end of Bitcoin", and that there's no way that we'll go below is about $20. Keep this in the back of your mind. That being said, getting in at around $50 with a good amount (but not all) of your Bitcoin investment funds is a good idea long-term. Save a small amount for the $20 level, but don't depend on it happening. I think exactly the same, what puzzles me is that we all agree. Everybody is waiting for $50 to "load the truck", while saving a little in case we go lower. |
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Feeling playful lately. Bought some on the way up at $101ish due to move up backed up by volume, sold at $108.5
I don't expect BTC breaking $115 before crashing again.
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Rally on volume... And we were just where we were before the crash to sub-$100... And with buying volume as we didn't have for many weeks. Crazy BTC  |
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More to come |
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Selling pressure dismissing, going to $100 again. Have we reached the bubble bottom finally?
Bubble bottom was $50 IMO. But i also believe we will explore it again |
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Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate.  I sold a big amount (approx. 40% of my holdings) for the ASIC's. That happened on Monday at $118ish. Today I sold a similar chunk, and this is for speculation. Yeah, you are right that I always preach about not selling the precious coins. But still, this is one of those occasions were I cannot miss the opportunity for cheaper coins. One thing is to speculate to catch the bottom of the weekly dip, which I don't do, and a very different one is to hold on all your coins desperately during a bubble deflation. Still, I a have paper wallet I'll never touch. I cannot be 100% out of BTC, I'm not mentally prepared for that Can you repeat the facts that lead to your decision to sell now? Just with dashes would be great, thanks! Less and less buyers, fiat leaving, bubble deflating, etc. |
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Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate. I sold a big amount (approx. 40% of my holdings) for the ASIC's. That happened on Monday at $118ish. Today I sold a similar chunk, and this is for speculation. Yeah, you are right that I always preach about not selling the precious coins. But still, this is one of those occasions were I cannot miss the opportunity for cheaper coins. One thing is to speculate to catch the bottom of the weekly dip, which I don't do, and a very different one is to hold on all your coins desperately during a bubble deflation. Still, I a have paper wallet I'll never touch. I cannot be 100% out of BTC, I'm not mentally prepared for that |
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Sold some at 98ish, sold some at the bottomish around $90 (as usual). IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point. I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation. Edit: it hurts to sell coins, those paper wallets really looked at me with sad eyes, but at the end of the day the purpose is for them to be replenished ASAP with more coins they holded now. I'm now a lonely bear with only 20% of the BTC holdings I had a couple of weeks ago, at least I can comfort myself thinking that I'm still a supernode, of the lowest grade, but still a supernode at the end of the day |
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Breakout. I concede this is going differently than 2011. Seems that it has only taken a different initial path in order to fool some of us. I'm fortunate enough to have actually come out with profits since I posted this as I reversed my position early at minimal loss and had a nice daytrading move immediately after (a week ago). Back to holding the Bernanke Bux until we see <50, probably. We broke horizontal support levels of 103 and 97 recently. Next one would be 79. I predict that after a possible initial bounce beyond $100, we will be trading in the double digits for a long time. The Great Dollar Extraction is ON. Still, I don't see the price crashing as low as in 2011... In 2013 terms, that means having a bottom of $16ish (2/32 - 16/266). I would be surprised if we go below $50, and very very puzzled if we go below $30. |
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 By the way, all this "let's wait to the US to wake up is nonsense". Most of the time, when the US wakes up after a crash, nothing more happens. Do you remember last Sunday? Same songs were singed. |
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1,400 BTC seems reasonable?
To high, too low?
This is a full service operation as well. Targeting people who have high electric or do not want to do it themselves.
Thanks.
1400 BTC is almost certainly higher than the total BTC that will ever be mined (starting in mid-August) by 1 TH, IMO. You may get some suckers at that price, but anyone who takes the time to do the math will know that 1400 is way too high. 1000 to 1100? Yeah. 1,000 BTC is the aprox. amount of coins that 1TH would mine in a year with the following conditions: Starting dif: aprox. 50 million Profitability decline per year: 0.0282 (which means that diff. multiplies x35 during the first 12 months of the mining operation) |
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Could it be they sold the BTC address to for example Zuckerberg and have a deal about extra BTC coming in ?
? We have some users making heavy use of Silk Road in here |
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Yes, they are pretty cheap.
A few of us warned weeks ago that this would happen... people want cheap coins? Well there you go. You have them. Fat lot of good it will do you now.
I don't see anyone buying all those cheap coins. Amazing, isn't it? Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out. They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality. Date Registered: 14-03-2013, 03:59:40 Babby's first Bitcoin bear market/major correction. had friends mining them and selling (for 6$ or something) in 2010 Selling coins at $6 in 2010? Cool story, bro. Sorry this guy was in Poland and I think was selling them for around 30PLN, it was a guy with nick "duniek" Considering that the absolute maximum price at which BTC were traded in 2010 is $0.5, your" duniek" friend is a boss indeed. Did he bought an island and retired? Was he selling Bitcoins at $3000 in 2013? |
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The Avalon guy was already "up" during this crash. Do you know in what time zone is China in, right? |
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Yes, they are pretty cheap.
A few of us warned weeks ago that this would happen... people want cheap coins? Well there you go. You have them. Fat lot of good it will do you now.
I don't see anyone buying all those cheap coins. Amazing, isn't it? Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out. They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality. Date Registered: 14-03-2013, 03:59:40 Babby's first Bitcoin bear market/major correction. had friends mining them and selling (for 6$ or something) in 2010 Selling coins at $6 in 2010? Cool story, bro. |
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