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This is just something to think about: my 160 chip order placed on Tuesday, had a calculated estimate of $128.00 daily earnings, on Friday it had dropped to 123.00 and right now its at 117.00. Once in this game you will always be chasing the difficulty playing catch up. BTC Guild has been breaking over 39k G/hash, Slush's pool is at an all time high over 18k G/hash now. I just hope Terrahash is going to move with a sense of urgency. In this case, more than ever...TIME is money!
And: BTC value has pretty much held between 107 and 109 since.....
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If they want to mine using my board for an hour, thats fine.
A week? Not OK.
Agreed! I do want know that it will work for me when I plug it in...lol and get one of those nice little round stickers that say "Passed ok" on it... |
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Maybe, maybe not. Keep in mind that chip sales will slow if they don't ship on a reasonable time frame. Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be. Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.
I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also. The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.
why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can. Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware. Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay. There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money. My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon 2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a 5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead? I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith. Hell vegas seemed tame by comparison. Exactly it. Unbelievably sad, but unfortunately true. If you think about it, why the heck would you sell something for 4-5 digits when it's making that for you in a single day. If you had 4 digits a day, what would make you sell the product? I sure as hell wouldn't sell, I would use it as much and as long as I possibly could. My very first question for these miners was exactly "Why would they sell and not just take all the profit for themselves?" Then it became clear with all the delays and everything that they are doing exactly that. Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long. Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case. You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled. I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway. You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game. I'm not saying you're wrong, just that I disagree. "I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith. Hell vegas seemed tame by comparison." Me too, and its insane. FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it. Im sure that many companys are raking some coin in while performing the so called" test" burn in etc...but, they also have a lot of money invested and on the line as well, and terms to pay back,,,,especially companys that except paypal. So they should want to turn those units out and avoid the risk of refunds and falling short on meeting their own debt service and so on. Also, to have a large amount of miners up and running requires a lot of man hours and monitoring etc. not to mention the utility factor. And the inherent risk that there could be a major drop or blow to the bitcoin value ( governments, a fork in the chain, and so on) that could leave them stuck holding the bag and out of business over night. So as an experienced business man, I would produce them and get them out the door as fast as I could,,,no matter how much could be earned in bitcoin by holding them for any amount of time. They stand to make ...what maybe 500 bux on a 900.00 board or more? I would not let them sit and mine...that would'nt make sense if it were my company,,,to risky. Plus if your a serious manufacture you will care very much about your credibility and reputation in the industry. For me, if i dont see some conclusive movement on my order prior to the 45 day time frame with paypal, I will have to be considering my options as with any purchase  |
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Any asic mining board company that can deliver affordable quality boards/units to its customers at large in a timely manner, and stand behind what they sell, will have the world by the tail! Lets hope we all picked a winner with Terrahash!
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Have you seen this thread? It has all the info we know regarding order status at Terrahash. I do rememeber seeing that and was getting ready to start looking through the post again! Thanks for the link. This does make me wonder on the time frame in which TH accidentally opened up to the public for a breif period. IF they will consider those who may have ordered due to that occurence, and move those orders if any? to the back of queue.... afterall it was a special invite to those of us who registered early and had been waiting etc, and they could varify those orders and weed out pretty easy I would think..that would be the fair thing to do,,sorta maybe? Just my opinion. Here's that statement: * TerraHash opened for pre-orders on June 18th at 9AM PST. TH said ordering was supposed to be open only to early subscribers for the first 24 hours, but at some point became open to all. |
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Terrahash did the right and wise thing by out of stocking the products page for now. They surely dont want to become like BFL, and get in that rut.
Still wonder how they will proritize who gets in on first batch. Could be by account registration dates, or who paid in full first, or who paid and how....or by actual order que. They may just start shipping us all at once as they have said the second batch of chips should be coming in shortley after first batch, making everyone basically ship within the same time frame. They do still have a lot of work to do prior to the chips arrivng and actually getting the final boards ready for production. So maybe we are all in the first so called batch?...lol that would sure keep a lot of the squabbling down in here......and there in box quiet.....
They already indicated that shipping will be based on paid order queue. Those in the queue had until this weekend to pay to hold their place in line. Ya I have been assuming that was going to be the case, dont recall seeing it said that way but I may have missed it. lol, Thanks. I did see the paid by friday rule however. Im sure they will do their best. Who knows after all is said and done we may be surprised that many will be in or maybe all? I'm in the mid 700's only after seeing my low 500's lag out when processing paypal...so like a dummy I started new orders from scratch until they went thru and went back and cancelled the earlier numbers, when I should have waited on them. Oh well hind sight is 20/20 lol. Im sure many have a similar story with paypal that day. |
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Terrahash did the right and wise thing by out of stocking the products page for now. They surely dont want to become like BFL, and get in that rut.
Still wonder how they will proritize who gets in on first batch. Could be by account registration dates, or who paid in full first, or who paid and how....or by actual order que. They may just start shipping us all at once as they have said the second batch of chips should be coming in shortley after first batch, making everyone basically ship within the same time frame. They do still have a lot of work to do prior to the chips arrivng and actually getting the final boards ready for production. So maybe we are all in the first so called batch?...lol that would sure keep a lot of the squabbling down in here......and there in box quiet.....
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Yes, I very much agree. Board development is my biggest concern. TH emailed me yesterday (answering a question) and said they are working on a support site for the K boards and its operation etc. But Im still waitng to see the board in action..... up and running and hashing! |
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Any updates from TerraHash?
Today they said any unpaid orders would be cancelled ( mostly wire transfers) I assume. I would think that these unpaid orders are probably in part the folks who ordered simply to resell on ebay etc. I would think that if they couldnt raise enough $$ in their pre order sales...they will be the first to cancel out orders etc. I know one guy has a fully loaded DX LG. for $13,200 4 hrs left and no bids.... so.. and they are the ones that are screwing us miners up in getting ours. His order # is 769 by the way....... hopefully nobody bids on it! i am order 778, and this screws me royally haha Well since the only orders that were allowed to sit without payment were wire transfer orders, which generally take a little time to go through (most banks from my understanding don't offer faster than a 1 day), if it sells today but hasn't been funded, there won't be enough time to get it funded before the order is cancelled. So, honestly, I hope someone does bid on it and buy it, and the seller is forced to refund and back out of the transaction... teach them a lesson about putting in orders they have no intent of paying for themselves and then try to resell for profit. If you intend to resell for profit, fine, but at least have the decency to float your own capital ffs. Exactly, I agree. I will post back with the results of that DX LG auction. 3hrs and 45 mins left..lol who knows he may be in this forum watching and reading as well?.. heh" Who knows he very well may have paid for it however? more power to him if he did i guess....but that sure puts a huge dent in chip count going forward 770 and up, if so |
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Trade you for 1203 I really think we will see, once all unpaid orders and cancelled inv. # orders from the 19th are purged (due to ordering issues w paypal etc. in which I had 7 myself ) that the actual chip count will be much lower than many are speculating. At least Im hoping that is the case! lol and TH has said they have ordered more chips that should be received soon after the the first batch. So Im trying not panic yet. Like all of us I have a lot on the line $$$ with my little orders as a miner in trying to stay in the game. What choices do any of us really have but to hope and bank on terrahash right now. there really is nobody else. I am not going to pay those scalpers on ebay 4k for for a 3.3 g/hash usb rig that maybe will make 9 bux a day! So lets all relax and see what TH can do for us..... |
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Any updates from TerraHash?
Today they said any unpaid orders would be cancelled ( mostly wire transfers) I assume. I would think that these unpaid orders are probably in part the folks who ordered simply to resell on ebay etc. I would think that if they couldnt raise enough $$ in their pre order sales...they will be the first to cancel out orders etc. I know one guy has a fully loaded DX LG. for $13,200 4 hrs left and no bids.... so.. and they are the ones that are screwing us miners up in getting ours. His order # is 769 by the way....... |
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As soon as you add an item to your cart, the system will create a new orderid for you.
There is nothing nefarious or dubious about this practice, and is quite common in the industry.
Not according to Woocommerce documentation. The order-ID is created when the checkout process is complete. But I agree nothing nefarious. I wasn't implying that anything was up with that invoicing process, other that to point out that if ex: 1000 invoice numbers were created and 200 were cancelled due to ordering issues than there my be only 800 actual orders placed when all the cancelled orders are purged. Im saying this for the ones who trying to figure out where they may stand in the order que and batch of chips based ont their invoice number.. I by all means am giving terrahash the benefit of the doubt in what they say they can deliver on, we'll see, time will tell Correct, and I am suggesting that there may be allot less then this. At 9:30am i added 2 items to my cart, due to me forgetting my paypal password, i had to wait until i got homr from the office to commit my orders. When i signed in at home at least 6 hours later i didnt realise that i had an outstanding order in my account and went and purchased just 1. when i was redirected to my account after paying for the 1, i saw that i had the other 2 in my account unpaid for (from my previous attempt on my iphone at the office), i said fuck it and paid for those as well. my order numbers are only about 500 apart Ya was a bit of a nightmare, I finally got paypal on the phone to find out why my orders werent going through, and they really couldnt see anything either,,,other then just good ol processing overload! ,,,,anyways it cost me a spot from 502 I think it was or 503,,cant remember now....so ya i was a bit aggravated. my order went thru at 12:38 ,, i hit the order button at 12:04...so such is life. Just hope they get crack'n on it! lol ..... wow 500 apart? that will be interesting to see,,my 2 were 29 apart (paid with 2 diff cc) (east coast time) |
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As soon as you add an item to your cart, the system will create a new orderid for you.
There is nothing nefarious or dubious about this practice, and is quite common in the industry.
Not according to Woocommerce documentation. The order-ID is created when the checkout process is complete. But I agree nothing nefarious. I wasn't implying that anything was up with that invoicing process, other that to point out that if ex: 1000 invoice numbers were created and 200 were cancelled due to ordering issues than there my be only 800 actual orders placed when all the cancelled orders are purged. Im saying this for the ones who trying to figure out where they may stand in the order que and batch of chips based ont their invoice number.. I by all means am giving terrahash the benefit of the doubt in what they say they can deliver on, we'll see, time will tell |
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Maybe, or they might of been testing the Order system before they unleashed us upon it.  Here is someting else as well. In my order attempts I had 10 invoice # issued starting with 502. Due to the lag or other issues with paypal, I had to start from scratch, a new order, and attempt to pay with paypal again and again until finally it went thru. So, in the end I had 2 actual invoice numbers that were paid and the other 7 invoice numbers were cancelled by me in all the previous order attempts. my highest order was 797, so minus 7 from that, I could have been 791. My thought is, how many other invoice numbers were issued by others attempting to order again and hence, cancelled the earlier attempts as I did. It has been said that many had issues getting paypal to go thru. ok, just food for thought in here |
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Based on my experience with ecommerce, the orders likely started at 400 (Most carts will start at a much higher number so the first customers doesn't think he is the first order of a new website)
They then tested around 30 orders playing with different configurations, verifying everything worked. Once an order number is used, it is used so when they actually went live we started at order #432.
Thats exactly what i was thinking. Just like when you create a website, you can set the hit counter where ever you want... |
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Yes, TH, any new start up will have bumps...lets just hope you get the chips and start pumping out them mining boards for us all! Please dont let things get out of control and become like BFL. You would be better to out of stock items for a while then to except more orders and dig yourself into a hole. Im glad to see you defending yourself against the cloudhashing statements as they are discrediting. Please just keep us all posted and be realistic.  |
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Updated. I also changed the missing data cells to orange.
I am missing data from the following users please provide in the thread or PM me unless you would not like it public.
Payment Status
MrBea
bearsworth
btceic
bulletproofd
Desertxp
designdream
detail3
ethought
Pistachio
rizzman
Chip Count
brambi
hchc
Both Chip Count & Payment Status
darkfriend77
gym
jelin1984
kendog77
lubah
pleasuretek
Also note that those of you who PM me unless you specifically request your UN not to be shown it will be put on the sheet.
Ok, I am
order #768 = 128 chips and
order #797 = 32 chips (total 160) paid.
Also, I found order # 769 on ebay (pre order) for a DX large fully loaded lol, (640 chips) and I assume he has paid as he is a big seller right now....
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newbeee. I thought these forums dont work on IPAD as I couldn't see the reply button. Its just my NEW status.
ya same here...nice to be a newbie again |
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I've wanted to help a few people on this forum with my technical knowledge since I'm a web developer and have been studying bitcoin for some time now, but I dont know what I have to do to no longer be considered a 'newbie'... I've been registered for months. For example I wanted to help this person since I have done this exact thing before and know the answer very well. https://bitcointalk.org/index.php?topic=100520Can someone please tell me how I can gain normal privileges on this forum? Thanks ok, still here and i swithed all my miners over to btc guild,,,,try it for a while,,,plus namecoin! so far so good |
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3.35 hours
i can see the Finish Line
GO Run faster! lol.... just trying this feature to your post,,,see what happens. Guess Im just tsarting the 4 hours required eh" |
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