Anyone knows something about avalon 28nm rigs?
I want to buy some, and I am in Australia.
Is there any miner group?
I dont get it, why do you want to buy avalon 28nm? You should buy better and cheaper gear from bitmaintech instead.. Why would you buy at all? Do you have some comments on how mining will turn now? A lot of home miners stopped mining due to -ve ROI.
Interesting question. All the more interesting because no one has actually asked me before on the forums, even though I've discussed it at length on IRC and am very happy at any time for people to know what I think. Mining died for the community/home miner a long time ago. It's just that the community miners haven't realised or accepted it yet. Community mining is only 15% of the hashrate now and shrinking. They're always hopeful and expectant but there really is no reason for them to be that way. Mining has gone to the data halls and the massive farms, mostly run by the manufacturers themselves who have the ability to create hardware on the cheap and offer it to the select few entities who can help their mining operations or provide funding or cheap hosting, instead of the consumer buyer market which is annoying, small time, noisy and boring. The only reason they continue to sell to that regular consumer market is there are enough people who have unrealistic expectations of making a profit somehow because they simply cannot believe that the numbers are stacked against them, such that the hardware manufacturers can charge a ridiculous premium to sell to that market to make it worth their while. This should come as no surprise to anyone who's been watching bitcoin at large, but it will continue to surprise bitcoin miners, past, present and future. The reason miners don't see it is they're so blinded by the concept of a "money making machine" or the "goose that laid the golden egg" that they just can't see it. Here's a quote of mine. Note the date on it: Long term, cgminer will be the lowest overhead c software to drive ASICs to do bitcoin mining, with lots of code in it that is no longer relevant to BTC mining. What I really worry about, is that new hardware will continue to come out frequently enough that people end up on a cycle of investing in hardware that basically never pays itself off as slightly newer hardware and higher diffs keep coming out. Sure at some stage the limits of technology will be reached, but given the best tech at the moment is going to be 65nm ASICs when CPUs are 28nm devices, I can see the cycle going on for some time, and then even if btc mining ASICs end up in line with CPU manufacturers, they still continue to evolve over time. Dramatic profits from ASICs will likely only last a couple of weeks at most for a lucky few. The rest of you who paid for devices that don't even exist yet will not be making any magical profit no matter how big the hashrate appears. Your proportion of the total bitcoin hashrate will remain pitiful.
To give you an idea of how long this has been known to the bitcoin community, even if miners refuse to see it, I think it's best to leave the final word to Satoshi himself, the inventor of bitcoin: The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
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Why kids are still on this declined forum?  Which one is the non declined forum? I guess the one where Avalon is well respected and people FORGOT what happened in 2013? Would the 28nm be profitable? Nope nothing is at this point especially anything shipped to Australia and plugged into the wall at 30 cents a kwh. So the OP should just avoid mining altogether in Australia. Just buy BTC and hold. |
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Good idea, but incl. all accessories and shipping overpriced. Especially for people in Europe, which have to pay 19-22% VAT.
Electricity rates make it viable in the EC? Just wondering if anything is viable unless it is made locally in the EC this is true over everything that is being made today given the BTC price. |
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Why are dishonest people running companies not willing to answer customers legitimate questions still coming to this forum that is in decline? Questions still there they haven't changed since you screwed over the DIY community to the tune of millions. Sample:Hi Yifu,
I still not recieved 5 Avalon Units from Avalon batch 2
paid 75 btc for each
i have no information about delivery, about track number or even a response from you !
I created a lot of tickets ( last one #1410)
and write a letter to your e-mail
Can you help with that ?
Can i hope for refund ?
Best regards
Alexey
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So, what do you want to know?  Why the chips were late and people lost millions in the process? What did Yifu do to cause the chip delay? How can anyone be sure that you won't screw over customers like that again? Why should anyone buy your new units when they will not be profitable? |
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What I meant was nothing for sale makes a positive ROI, yet people still buy it. So ignoring that fact don't buy from scammers is all.
I see. Yes but not all are scammers. Nothing at this point is profitable be it legit or not. Unless someone has some sort of magic formula for home mining that they are not sharing. |
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What issues are you guys having with your S2's? All of mine seem to run great...1.1TH with 0 issues. I did however replace the stock PSU with better ones.
Same here. |
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Regardless of positive ROI..I would buy from a more reputable company. Avalon has quite a shady past and I would not trust them.
Regardless of making a profit? Ummm if that is the case why not just buy BTC? Why risk waiting for something that could be faulty or damaged in shipping? Seriously at this point there is no good reason to buy a miner for your home thinking it is an investment. Thinking the OP is an Avalon shill account. |
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FTC I would say is infinitely a better course vs. the forced bankruptcy but let us see who gets their money and when.
FTC is a FAR better way. Does not cost the victims anything. But, they would not do anything and it took them two years to get on BFL's ass even with a convicted FELON as an officer AND over 2,000 complaints. HF was in the process of giving away all the assets of the company to other companies that they owned and to a company that keeps popping up in all these other cases (which I find strange). A company that talks a lot about how much money they can bring to the table but has never really showed up with the cash in most instances. ID: I am in no position to know more than you do nor do I care so much anymore because the time to get our money back was lost by management obstructing any work outs. I feel bad for consumers of these companies. HF started to stink pretty early on. Very few do really pass muster. I hope things don't continue down this road for HF customers. That just bites. Hasn't anyone got enough dirt to put Icebreaker in Jail yet? Gotta be some IRS thing they can audit him right. He is another one that just needs to go away and stop talking right? |
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Mining is the base of bitcoin industry.
And based on the calculation, mining is still worth investment.
Prove it with your numbers right here. Let us see your profit buying an Avalon 28nm unit shipped to Australia with electricity costs over .29 cents a KwH in 2011. http://shrinkthatfootprint.com/average-electricity-prices-kwhI don't think you can show that at all. Even with the lowest cost of electricity small home mining is now dead with the price of BTC at this time. And farms are likely going to shut down as they stop being profitable. Unless you are spending millions on this I suggest you don't start especially with Avalon given their past failures. |
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Anyone own these miners? Like I mean an actually paying customer.  Want to get some feedback from them on the experiences with this company. |
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Noticed you didn't respond to the questions.
Ignore those right cause it would prove you and BFL were liars in this very thread.
And now who is editing LOL!
You are are 2 bit hood that works for a felon and now the Government lol!
I don't think he's even smart enough for Government work dude !!!!  FTC should fire his ass for lying here in these forums just now. He works for the FTC. I thought they had higher standards for the civil service? |
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Noticed you didn't respond to the questions.
Ignore those right cause it would prove you and BFL were liars in this very thread.
And now who is editing LOL!
You are are 2 bit hood that works for a felon and now the Government lol!
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Then there's the whole "I'll buy $2800 in BTC if someone shows proof they bought a Monarch" where you then showed a $161 purchase of FRC.
Check and mate.
I never bet with you cause I couldn't trust you as evidenced by the fact you were working for BFL at the time that you were trying to make a bet about receiving miners versus buying BTC. Fuck you are dumb. What a two bit fucking liar you are the whole time you have inside access to miners that you could have been mining with or probably mined with at BFL burn in rooms. That evidence will be damning just to prove what kind of snake you really are. You never disclosed you were an employee and had direct access to the miners being built. Talking about trying scam people with a bet eh asshole. You have no integrity at all. So you lose on all counts on that fact. How about the questions I asked? The difference between your "evidence" and my evidence of your lies is that you actually lied. |
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So... who has been lying now Josh? 90%? Really show me where I lied once?
I can easily show twice: Never mind I don't really care. Back on ignore peon. This is my last post about Josh and BFL... Then there's the whole "I'll buy $2800 in BTC if someone shows proof they bought a Monarch" where you then showed a $161 purchase of FRC. Check and mate. LOL! I change my mind. Not a lie. Just change my view point. Now I want to talk about Josh and I want to read your BS replies about me being a liar. Pfft! Anything else something about BFL mining people's equipment? Was I lying about that? Was I lying when I said you were a paid agent of BFL? No? How about reporting BFL product failures? Where are these LIES Bruce? Can you show me those lies? How about we talk about product failures and under performance now Bruce. That is the topic. Can the Monarch do 1 TH? Can the Monarch go into as shipped now to a data center? What is the failure rate on Monarchs? When did the Monarch ship? Did BFL lie about shipping dates? How many RMAs came into BFL during 2012, 2013 and 2014. Remember we will all see these documents soon enough so don't lie this time. |
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Mining is the process of converting energy into proof-of-work
for the purpose of establishing a tamper-resistant historical
record in Bitcoin.
While mining rewards miners with transaction fees and freshly
created coins, mining is not a magical money making process.
In theory, Mining exists in perfect competition, so mining
profitably can be difficult or even impossible.
Currently the Bitcoin system releases ~3600 BTC per day and
these coins are shared proportionally by the miners according
to their relative hashpowers. As overall hashpower increases
the return per hashpower decreases. In recent times hashpower
has been doubling every month or so.
Many mining companies engage in a practice of selling
"pre-orders" thereby shifting the substantial risks of hardware
development entirely onto their customers. The practice of
preorders also exploits ignorance about the future income
mining will yield: People compute their income as if they
had the hardware today, when it's not scheduled for delivery
until months later...
And then almost every hardware maker has missed their
scheduled deadlines. Because of the rapid growth of hashrate
a weeks delay can mean the difference between a nice profit
and a loss. Many makers have also delivered devices substantially
under spec, many others have been outright scams which have
failed to deliver anything at all.
Some of the most experienced people in Bitcoin have lost out
in these offerings, don't just assume you won't be taken.
Companies which have cost people thousands of coins that
they'll never recover are still operating with impunity,
fueled by a seemingly never ending wave of people eager
to get involved who think that mining is a lower risk
way of obtaining coins.
Hosted mining companies with immediately available hashpower
often sell it at greater than it's expected value and themselves
represent enormous consolidation risks to the Bitcoin ecosystem.
In reality, mining is risky: It's riskier than holding
bitcoins because it's comparatively illiquid, and current
mining hardware is not really useful for any other applications.
These risks are multiplied by the unreliability of hardware companies
and the uncertainty of future mining income. Keep in mind: few
companies disclose how much hardware they are selling to other
people, and many of them roll their profits into buying their
own gear at cost and mining in competition with their investor-customers.
That said— I enjoy mining and I would not discourage people
joining in. Mining is essential to the security of Bitcoin.
It's important that mining be widely distributed and especially when people
mine using P2Pool it contributes to keeping Bitcoin decentralized and secure.
Just don't rush in thinking you are going to make a ton of riskless
money. At current retail prices I doubt most hardware available will
break even unless the growth rate slows substantially, which seems
unlikely in the near term. I think the exuberance of miners has
fueled the irresponsibility in hardware companies and driven more
competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin
to flourish.
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So final update on the PSUs:
10 ASIC acquired. 2 died. 1 replaced by BFL RMA (only took 11 days costing me about 11 BTC). 2nd one was not RMAed because BFL refused to answer PMs/emails/phonecalls - should have sent it to lightfoot. All 10 PSUs that came with the units are now dead. 3 caught on fire or smoldered. 1 killed a Gigabyte moherboard and USB mouse/keyboard (mobo was fortunately replaced under warranty).
So Josh can keep with his less than 1% failure rate BS. In my possession 2/10 ASICs have died (not counting PSUs). Counting PSUs the failure rate passes 50% at 12/20.
Unfortunately I have no ref to compare to other ASICs since I neither bought others nor have I bothered to tracked how well/poorly they have faired.
Not heard or seen a lot of brick problems in the threads of other fabricators. Really the PSU issues are a localized BFL nightmare. You did RMA the two messed up ASICs right? Yeah the first one was my day 1 Single. When it died it was down for 11 days and cost me about 11BTC. Only after 37 attempts at contact did BFL_Emily finally save me. BFL refused to respond to the 2nd RMA request in Dec, I gave up. They must have been busy getting the locust ready to ship those new Monarch. Wasn't December when they were switching over from email to website RMA requests? I could be wrong, but it is likely it got lost in the shuffle. While not a good business practice, things like that do happen. Lost in the shuffle? Love to see the SKYPE chat between you and Nasser. Bruce are you going to provide the FTC those records or recordings? |
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 Black Arrow and Minersource combine for EPIC FAIL!Feel sorry for this customer even though the miner gets delivered because in this case it was so late (and even after refund was sought early) it will never make anything back for the customer. This is an epic BFL style move of mine it for all for what they are worth then deny refunds then ship it. This is inexcusable behavior. Personally I suspect that all the disreputable companies play this way. Well after the retards at MinerSource not listening to me and refusing my refund, an unexpected X1 arrived at my doorstep this morning. Opened it up and I am impressed by the quality of the unit as others have stated, it really is nice; but far too little too late. After powering on the unit and setting it up, it's running at 1100MHz and getting around 110-115Gh/s which is about on the money I suppose. Speaking of money, this outdated piece of junk won't even make back what I spent on it. Oh, and for the life of me, I can't get the Android phone LCD to display any stats. Just entering the details in the web browser leaves it there loading with nothing coming up; another let down. An app to display stats would have been apprecated rather than just showing a web page on it's screen.
Oh well, this fucking headache for me is over and never again will I spend a cent with BlackArrow or with MinerSource. As for the "compensation" don't worry guys, we'll never see it.
And on you poor bastards waiting for the X3's, funny how when the shoe is on the other foot, BA likes to go all legal when someone is "developing a prouct on others money and time" WHAT A JOKE! Maybe Apluspower are replacing Bitmain's PSU's because at least they know they will ship a product in a timely manner
More gouging of customers by Black Arrow because of their own failures:08 Sept 2014: X3 Power supply recall
There have been reports that some X3s are failing. We have located this problem to be caused by the power supply.
Please note that this power supply is not manufactured by Black Arrow and has been purchased from a company in Shenzhen which sold it to us as CE certified.
After thorough investigations the power supply company has reached the conclusion that there are 3 major issues in this PSU and any PSU can fail at any time and it not safe to use. They have currently fixed the issues and are currently testing them.
Please stop using all X3s immediately!
We are recalling the X3 power supplies. Please do not ship your X3 unit or X3 Power supply back to us right now. We will contact the X3 customers later this week with more instructions on how to arrange shipping. If you have an X3 and have not received an email from us this week please contact our customer support immediately.
According to Nemesidis, this has now changed to Please send not working ones for replacement, include ticket number as RMA number.
Unfortunately we cannot replace something that is sitting at your place, we need to receive it, file it and find a cause. After that, replacements will be issued. We are unable to replace units or parts, without receiving ones that has problems back. Please note that if found working, or mechanically damaged, additional charges can be applied for replacement and testing of such parts. 1) Recall all PSUs and tell people to unplug and RMA them. 2) If any of the PSUs actually does work, charge customers an additional fee for testing and replacement. 3) PROFIT!!! This is complete and total bullshit. This is crazy. What sort of company do this to customer? YOU built machine that is fire hazard. YOU pay all cost to fix. How they ask customer to ship to China, the customer pay to ship, then they pay to test and more to replace. How does this make sense to any person? Machine is very late, is now useless, no longer make anything, all customers lose money. BA already break price matching promise, BA already break promise of refunds, BA ship product that is a fire hazard, so people cannot run and now BA ask people to pay MORE money to fix problem made by BA. I see now that they do not want to pay to fix this problem, they hope people will not send back and try to fix by own way or not fix and run this and maybe burn their house. BA do not care if people do not have product that even turn on, or if it burns house. Dude, don't mince words - tell us what you're really thinking Well, OK. I'd like to see them all in jail getting gang raped by a bunch of very large men that were put into jail for having peckers too large to be legal. The weekly progress update could include a medical rundown of how many stitches it took to get their asses back in working order after shower time and who might have caught some nasty disease this week. I'd eat that up like a box of Girl Scout cookies. |
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But it does boggle my mind when people need to lie, and do it habitually like Darin Bicknell (Fairly sure he's pathological), when there are so many legitimate grievances. Truly mind boggling.
They say a liar never believes anyone else... Your track record with the truth (or lack of it) speaks for itself dude. You, like several others, make this claim... but you, like all others have yet to provide a single shred of evidence that I've lied anywhere. But go on, please post a link to where I've lied, lets see it. My prediction: You will huff and puff and make all sorts of wild claims, but you will never actually produce a link that contains a lie by me. There are plenty of links with lies by Bicknellski and crew, but those are easy to find, since 90% of what Darin M. Bicknell posts is a lie. So... who has been lying now Josh? 90%? Really show me where I lied once? |
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Monarchs not hitting the 1 TH/s number or settling into that rack mount ready promise in August 2013... feel free to prescribe solution to your Monarch failure and under-performance here.
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