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Sell Sell Sell! You should count yourself lucky if you manage to get your fiat back as a price, because those BFLs that are going to ship any day now are going to make your rig worthless.
PM me with your prices.
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Don't. According to Yifu, it took Avalon 1.2 months to fix their ASIC when they encountered BFL's problem. Giving BFL a generous time valuation of 1.2 months x 3, we arrive at 3.6 months for them to patch all other issues with BFL. Expect the first shipment somewhere mid June, and at the hands of customers perhaps July.
If you're thinking of reselling Avalon batch 2 or 3 because BFL will "ship", do it, and do it now. And be sure to PM me with your low low prices, because BFL will ship any day now and those Avalons are at least a month away. |
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"Our currently unnamed bitcoin mining chip taped out last October; we (ab)used spare estate on our 28nm SOI MLM test wafers we were
running at ST Microelectronics. Several successful wafer test runs have been conducted since, and as a result, we currently have a limited
number of functional chips that can be supplied for testing and validation."
You posted no proof whatsoever. Yet another manufacturer without smartphone or camera?
Number of scammers on this forum is staggering.
They've asked nobody for money as far as I can tell. I think your trigger finger is a little itchy there fella. |
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And brand new from ASICMINER: the 10PH "doublespender".  |
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Ditto here, PM from friedcat received overnight confirming transfer.
Thanks again.
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A blockchain torrent was exactly what i was thinking.
A humble suggestion:
Maybe a brand new install of bitcoin-qt should alert the user that there are other, faster options for a blockchain download (if it's not going to automatically take advantage of those faster options itself).
There's actually no guarantee that it will be faster. The main restriction to initial download speed is CPU processing, and with the torrent, you are delaying the begin of CPU work until the torrent is complete. I can see that, yes. However in my case I certainly wasn't CPU bound, and I certainly wasn't network bound. I can only conclude I was bound by the rate at which the 5 or 8 nodes I was connected to were willing to pass me the blocks. Going by the speed of the internet link I was on, if I were to max out the link I would have been able to download the blockchain torrent in under 2 hours (assuming it's under 8Gb, which is nearly the size of my blocks directory). Let's say 4 hours to be pessimistic. I don't know how long it would take to process that file, however even if it were an order of magnitude longer than the couple of minutes that bitcoin-qt takes to start up, we're still talking a significant improvement over the 8+ hour time it took. (And looking at the timestamps on the .dat files in my blocks folder, I think it took closer to 16 hours). Still, I'm not saying that the .torrent should be the default or only option. I'm not even saying it should be built-in to the client (although that would be nice). Simply a warning with a link to the forum thread would have sufficed in my instance. |
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Any info on the size of the devices that'll be made for sale? Or will it be devices like they're currently deploying? I think I'd love something smaller to deploy at home.
I hope it will be not too big because that would minimize the potential buyers because of the size of their wallets. Speak for yourselves, I'd like a full rack the size of a refrigerator at minimum. Let BFL and Avalon make the rinky-dink consumer crap. AM should make industrial shit with fat profit margins. Go huge or go home! Like IBM and Oracle, we need to be selling high-ticket Big Iron (and lucrative consulting) to deep-pocket commercial customers. Not Joe Sixcoins. Hoping for something trailer mounted as an upgrade, so I can haul them it to wherever power is cheapest.  20TH ASiCMiNER DragonFire 100TH ASiCMiNER ChainForkerYou owe me a new keyboard!  |
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A blockchain torrent was exactly what i was thinking.
A humble suggestion:
Maybe a brand new install of bitcoin-qt should alert the user that there are other, faster options for a blockchain download (if it's not going to automatically take advantage of those faster options itself).
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Up to 4 confirmations on blockchain.info John will likely post confirmation in the thread shortly. But I'm sending a PM to Friedcat now to send over the shares to Rodyland.
Thanks for a prompt payment Rodyland!
We got there in the end! Many thanks, and good luck. |
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As someone who just installed the bitcoin-qt client an waited over 8 hours for the block chain download (after 8 hours I was still more than 6 months behind) I was wondering what kind of solutions are in the works for this?
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I feel pity for the people that sold. I mean, you're in BTC for two reasons, money, and research.
Money: You want to make a ton of it, everybody wants that and we all agree.
Research: You're a nerd, you like cryptography, you're an anarchist, libertarian or any of those stupid labels, you like the concept of a deregulated cryptocurrency and you think it's the future.
So, why the hell are people selling? it's been proven time and again (except the big crash in 2011) that bitcoin is going up.
EVEN if the bubble burst, do you honestly think you'll be see bitcoin under $50 ever again? (Unless there's a major security flaw in the protocol or MTGox gets hacked again) both scenarios unlikely due to the recent upgrades and changes to the platform.
I started mining in August 2012 and I consider myself a late adopter yet, my current profits are bordering 800%
Do I care if I see a retract in gains from 800% to 300%? Of course not! I'm still making money. And most of you are! so why selling?
The way I see it, people here are either making money or "losing opportunities" to make money, which is a fancy way to call it losing money.
Agreed that taking profits never killed anyone, and it's ohh so tempting to sell.
Be wise, be patient and you'll see even bigger margins on your favor.
And that's all I have to say about that.
Death Ill give you a call on you BTC at @$10 from now until the end of time... remember this when we are back to 10,000btc for 2 pizza I know you're only joking, but.... You're offering to buy a put option for $10/btc, no expiry date? What sort of option premium you offering? I suspect I may not be the only person willing to take the other side of that trade, although "until the end of time" kinda sucks. How about we go for something more realistic - say, life or 50 years, whichever is longer? |
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I for one look forward to screenshots/videos of your miner up and running, plus signed statements referencing blockchain transactions being your payout (solo mining? at 80GH/s you should be able to get a solo-mined block in just over 4 days on average).
And with those mining profits, you could buy another unit in 4 days. And another 4 days after that. And another 2 days after that. You get the picture. So in 2 weeks I expect you'll have 3 or 4 of these babies mining for you, giving you nearly a block per day. So again, I look forward to seeing your signed transactions showing the blocks you solved.
Of course, if PrimeAsic actually had units to ship, it would be simple enough to connect them all to a pool of their choice, notify the forum, then turn them all on - proving to all doubters that the units exist. Or solo mine the lot and sign some messages with the addresses collecting the block rewards.
So, good luck with that.
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1. Build an ASIC mining farm with at least 2x current hash power. Make it quite obvious that one entity controls at least 2/3 the hashing power
2. Mine like a motherf&*$er (throw in the occasional double-spend, just for kicks)
3. Watch difficulty go through the roof
4. Dump your mined btc, causing minor price crash
5. Stop hashing, added difficulty will cause blocks to go through every, say, half hour, instead of 10 minutes, choking the network with uncleared transactions
6. When difficulty readjusts low, goto 1:
A few iterations of this are likely to kill bitcoin, I think.
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It seems I am PGP fail, so I have been unable to confirm the escrow address. Rather than mess about trying to figure out why, I think it would be quicker and easier if Glasswalker were to post the escrow address in this thread, signed by the asicminer holding address. As far as I can tell that should be good enough for everyone (especially friedcat! ). Once this is sorted I can send payment promptly. |
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Ok, second buyer has confirmed their details to me: Rodyland Trade: I hereby publicly state my binding intent to sell 102 shares of ASICMINER to bitcoin address 13TrtCeaatKpaVfcTjHvAgnwCSk2cNGmKy (owned by user Rodyland). The agreed upon price is 0.75BTC/share for total of 76.5BTC. Signature of above message for Rodyland trade, signed by address holding the shares (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c) HDDLjQQRe04BkYI5U7vSBK+PQ+xc0q/tS200ddmqs7Ag9ASESSZFv4Y4j0evd6fqjsir7PoApnqTSkCiApkdNJI= The buyer has requested Escrow, and I have agreed to the use of Escrow at the buyers expense. John (John K.) has been confirmed as the Escrow Provider. He will post shortly to verify the specifics of his services. I agree that upon receipt of 76.5BTC payment by the Escrow Provider, and confirmed as received by the Escrow Provider, that the shares shall be transferred in full to the above named bitcoin address for Rodyland. Including all voting rights, and rights to dividends. Upon confirmation from Friedcat that the shares have been transferred in full, the Escrow Provider is to then release the payment of 76.5BTC to the bitcoin address 14WqxMUSqbbDnZvzGEMvkvs6M7FMgYvtDV to complete the transaction. Rodyland is to contact Friedcat directly via Private Message or Email, with a signed message from the bitcoin address XXX (receiving address) in order to verify the email he wishes to have associated with share ownership (not posted here in the thread for obvious reasons) I would now like to request that Rodyland respond to the thread, quoting this post for public record. And confirming intent to buy. In addition please reach out to friedcat as outlined above in order to notify him privately of your email for receipt of the shares. I am now sending a copy of this message in it's entirety to friedcat. And referencing the thread directly to initiate the transaction. I hereby publicly state my binding intent to buy 102 shares of ASICMINER (owned by user Glasswalker), to be sent to bitcoin address 13TrtCeaatKpaVfcTjHvAgnwCSk2cNGmKy. The agreed upon price is 0.75BTC/share for total of 76.5BTC. Escrow via John K. HF6oh/tAOEJLZHTqYfFNEAASB18QTp/pmL2R+FyEehkk+zM9dWT4/UT/uowOjieDfCYRhNT6HCkVsQZ57koWAh0= Signed by my receiving address. I'll send the funds via escrow once details are sorted. |
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How about a USB stick miner? The current Avalon chip is less than 2.5W, the USB power limit. It's around 275MH/s and could probably be sold for less than $5 in quantity.
Dream on dude  Ah, huh. Troll. Ugh, everyone's suddenly an electronics engineer. Interfacing should be a doddle if they've used something industry standard like SPI or I2C. USB design with an 8bit micro and a simple serial bus could be whacked out in an afternoon. Its so much simpler than a big rig design since power conversion design is mostly done for you. USB sticks would make efficient mining resource available to everyone. Want a bit more mining power? Just buy the latest mining stick and shove it in your powered usb hub along with the rest. In fact, fuck it. I'll start a kickstarter project for the mining stick. I just need a spec and a budgetary price from avalon, design the board, start a firmware open source git repo, find a pcb fab, stuffing and testing service and we're away :-) Sam. Combine this with a secure hardware wallet on the stick (someone's already done a secure usb hardware wallet) and you are well on your way to a fully self contained all-in-one bitcoin solution for the masses. Make it easy enough for my grandmother to use, and secure, and you've just made us all millionaires. |
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Side note: You wanna cheer for Avalon, because they're so fair and not taking any mining hardware for themselves? Well why would they have to mine when they could sell you a $1500 unit for $6600 (88BTC). A $1500 unit should cost 20BTC, so where are those extra 68BTC going?
It's called profit. It's what people do when they sell stuff. If you don't like it, don't buy it - free market at work. Ugh, I keep seeing this pseudolibertarian bullshit. Look, it is not a free market. It is a monopoly. The two concepts are opposites. Monopoly: it's my way or the highway. Free market: people can buy similar products elsewhere. Monopolies are generally bad, though that need not necessarily mean the monopol ist is bad. As in this case, Avalon is the monopoly because they got their shit together and bASIC and (so far) BFL haven't, not because of any anticompetitive practices from Avalon (ironically, BFL tried the anticompetitive shit). It's neither pseudoliberterian, nor bullshit. A monopoly is not the opposite of a free market. A monopoly is one possible outcome of a free market. A free market does not guarantee that you can buy a similar product elsewhere. A free market guarantees that, if you don't like the product on offer, and you have the necessary capital, then you can start making the product that you want to buy, and hope that others agree with you. In a market with high barriers to entry, a monopoly can quite easily occur naturally, through no nefarious means or back-door dealings. And in a free market, if the monopolist abuses their position enough, then the capital necessary to challenge the monopoly will eventually come together to do so. Now if Avalon's "abuse" isn't enough to encourage others to get their shit together, I don't know what is (see my thread here https://bitcointalk.org/index.php?topic=156157). And believe me, I hope it is. As you say, it was not Avalon that aspired to monopoly, it was all their competitors that managed to completely drop the ball. But the ability to drop the ball and disappear in a cloud of angry creditors is as much a part of the free market as is healthy competition. We just had a perfect storm of one competent company and several incompetents, added with a little of BFL's FUD to possibly scare away other potential competitors. Nobody said the free market was perfect, and for sure nobody said it was perfect every minute of every day. But you can hardly argue that it produces the best overall outcomes over time. We just happen to be in one of the suboptimal regions right now (hopefully temporarily), and I reject outright your assertion that what has come before this day is not the result of the (imperfect) free market at work. |
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