Ok so...the newsletter...
Does this mean the terms of batch #3 will be up to a vote, in approx. 8 hours? Is that right?
I think by "voting" they mean you can purchase now at the current price or they will keep the units and mine themselves for a time and then sell them cheaper later. +1 - Basically, put up or shut up time. |
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The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details. Exactly what batch 2 opened at. Though the exchange rate was around $20 at that time and shipping was included at that time. Batch #2 was a gift. Hindsight improves one's vision...certainly didn't seem like a gift at the time. With shipping being pushed back, it's less of a gift, but I'll go along anyway if we get those extra expansion slots. I don't know what numbers you were working on, but from my perspective, anyway I crunched the numbers, it was a more than 50% chance that these would ROI and possibly more. I know BFL sounded like it was going down but I just don't have faith in them, really since the FPGA and how long those took and the serious lack of customer service. |
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The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details. Exactly what batch 2 opened at. Though the exchange rate was around $20 at that time and shipping was included at that time. Batch #2 was a gift. |
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*is currently updating the FAQ on the site*
*runs off*
At the time of writing Batch #3 is on sale You're going to break my f5 key. This may mean it will go live soon. I hope so. |
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*is currently updating the FAQ on the site*
*runs off*
Thanks for the update. Any word on the newsletter. I would like to plan my week around yours  |
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Likely they will be moving to the new chip in Batch #4 or 5 I would assume. This will give us our power efficiency.
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.....
gold miners know ...... the equipment should not be valued on .........but based on the manufacturing costs of the machine.
Totally and fully disagree. Q:What is the main factor what determines the price of BTC on the exchanges (MtGox)? A: Purely - the ratio between demand and availability. ( and +, perhaps, the level of future hopes) Why would then the "BTC equipment" be different ?  IMHO, Bitsyncom sure made a lot of calculations. And they would be silly to keep selling this product at the price, which jumped up in a "second-hand" market 10-20 TIMES (!) in less then 6 weeks. Exactly. Why should that value (money on the table) be capture by equipment speculators and not the company that will eventually need to grade to a better chip size? If we knew that all the miners were just going to mine and send a large portion of those gains back to Avalon, you might have a case. Unfortunately we can't guarantee that so it is better with Avalon than equipment flippers. |
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And why do you think that the rest of 75 wafer would not be delivered to them?
Or that they can't assemble more than 625 units in 2 month?
Let's not turn this into another "lets troll BFL" thread again. Either they will or they won't, we will find out in 60 days. Their track records does support some skepticism at this point. Don't forget it takes time to install a government backdoor  I kid I kid haha |
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What do you mean by "backed by"? When we say "paper receipt is backed by gold" it means you can get gold in exchange for receipt at any time. In case of Bitcoin, you are NOT getting back electricity in exchange for your bitcoins, blocks or transactions. Please clarify what you mean by this.
One definition of "backed by" is "guaranteed exchangeable for." Another is "supported by." As in 'Bitcoin is supported by the scarcity of energy available from natural resources.' "Backed by", I would step back and not assume the definition of exchanged for even though that is common nomenclature in the monetary world. People should think of at least part of a coin as how much resources went into producing it through the mining and proof of work system. I believe miners these days have too look at that when they weigh how much that coins should be worth in purchasing power. I understand the open market exchanges determine the current price but I am taking the side of the miner who is looking to potential sell that coin into the market for covering mining expenses. At the moment, he would have a good idea much these coins were worth if he was keeping really good records on his daily mining reward. Dalkore |
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Well Bitcoin IS mind-boggling, but it's not backed by natural resources. It is actually more accurate to say that Bitcoin is a natural resource itself... or more accurately a man-made resource.
Like gold, Bitcoin is not backed by anything because it is useful for certain purposes.
Sometimes I worry that I will wake up and Bitcoin will all have been a dream. I'll try to explain it to my friends and family, who will dismiss the silly dream as absurd. Of course you can't have secure decentralized digital money! Psssh!!
But yet, it seems real, and we're living it right now.
Actually Bitcoin is backed by a resource. It is backed by electricity. Without power to run the miners machine then it would have some troubles confirming transactions. |
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Are you saying that a 600% profit margin is unreasonable on something that could literally provide ROI + upto 600% profit 12-24 months? Pure speculation but at this stage, you need to be real serious and in it for the long-haul. The low hanging fruit is just about gone. Only hard digging from here. Glad I got my hardhat.
D
 yep the days of pick axing for gold are over and its now time to get the excavators in. but excavator manufacturer would never sell an excavator for $1,000,000 if he knows its only cost $30k to make, even if he knows in 2 years time the customer will be a multi millionaire. the excavator manufacturer would see their costs of parts and labour of $30k and add some business profit, so maybe $30k-$100k deending on qualify of product and any aftercare support they offer. never based on customers production speculations over a 12 month period Your wrong, if this excavator had a gold-radar that could pin-point the gold with quite good accuracy to a certain depth, he would sell it for a huge premium. |
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How much do you have in stock (Lots)? PM me with your response.
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somebody please correct me if im wrong, but this page shows me they want 1 500 bitcoins?http://store.avalon-asics.com/?product=avalon-asic-batch-2
Batch 2 - see URL |
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If apples were $50+ each what would he pay? How much would seeds go for?
if apples were $50 each and just wanted 5 seeds then id pay $10-$15 a seed. as id know it only cost the seed producer the cost of slicing a single apple open to make it. how much those 5 seeds can make me in the future is irrelevant. whats next selling an unknown artists art for 1 milion dollars purely on the speculation that after he dies it will be worth $2mill or selling pokemon cards to kids for $1000 each at first release purely on the speculation that by the time they reach pension age they will be worth $2000 each And what if the price of those apples could be $100 or more by the time they are ripe?
if apples were $50 and maybe $100 in a few months due to world market changes. i would not pay thousands of dollars knowing it only cost the manufacturer less then $50 to make. Ahh but here is where your logic needs to reflect more, now take that scenario and what if there were only 21 million potential seeds for making a single apple and it is unknown how many of those eventual apples made it? Now were are getting closer to a reflection of why the hardware carries such a premium. then logic shows that what could have earned me 10 apples last month is only earning me 6 apples this month id firstly be unhappy with a 2 month delivery time. but id still only pay what it cost to make with a reasonable profit ontop for the manufacturer. Are you saying that a 600% profit margin is unreasonable on something that could literally provide ROI + upto 600% profit 12-24 months? Pure speculation but at this stage, you need to be real serious and in it for the long-haul. The low hanging fruit is just about gone. Only hard digging from here. Glad I got my hardhat. D |
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If apples were $50+ each what would he pay? How much would seeds go for?
if apples were $50 each and just wanted 5 seeds then id pay $10-$15 a seed. as id know it only cost the seed producer the cost of slicing a single apple open to make it. how much those 5 seeds can make me in the future is irrelevant. whats next selling an unknown artists art for 1 milion dollars purely on the speculation that after he dies it will be worth $2mill or selling pokemon cards to kids for $1000 each at first release purely on the speculation that by the time they reach pension age they will be worth $2000 each And what if the price of those apples could be $100 or more by the time they are ripe?
if apples were $50 and maybe $100 in a few months due to world market changes. i would not pay thousands of dollars knowing it only cost the manufacturer less then $50 to make. Ahh but here is where your logic needs to reflect more, now take that scenario and what if there were only 21 million potential seeds for making a single apple and it is unknown how many of those eventual apples made it? Now were are getting closer to a reflection of why the hardware carries such a premium. |
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If apples we $50+ each what would he pay? How much would seeds go for?
And what if the price of those apples could be $100 or more by the time they are ripe? Ah the pure speculative risk. Heck, maybe you should just sell it to him for $2,000 USD |
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id base it on hardware cost + 20%-100% profit margin.
not based on after sales speculated production possibilities.
EG would a farmer pay $1000 for a bag of 100 apple or orange seeds which he knew he could grow into apple trees to get him 30k apples containing half 2 seeds each (60k seeds) in a few years
nope 50 apples can be bought for well under $50
If apples were $50+ each what would he pay? How much would seeds go for? |
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You must have missed that I don't actually want to sell it. yeah, more than 40k for a thing you didnt pay 2k for.
i'll bite for 2000$.
that ebay thing you were referring to was most likely a scam.
Yep, you have a fully valued offer. |
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You could try to license Avalon's or BFL's technology.
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