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So expected chip arrival is July 19th
10k chips won't make it past the first 50 orders (so if your order is 480 or higher)
Again, I would have ordered more had you provided this earlier.
So best case is the early orders will see there items in Early to Mid August.
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The order numbers started from 430. The order numbers do not increment by 1. I really don't know how this shopping cart software works, but we are using WooCommerce.
Regarding the proof of chip order, we do not have the private key to the address we used anymore. But I will post a screen shot from Avalon's website.
You should have posted that before orders opened like you said you would. No one asked you for keys, we just wanted some proof. Most importantly with a DATE that you placed the order. You would have had a lot more orders and you have now started with a lot of pissed off people |
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^^The above is from May 13th, a month ago. They have accepted Paypal, so presumably those paying by credit card will have some extensive buyer protection, especially Amex, which is worth the fees in this case.
You are still blind as to when they ordered their chips, which makes or breaks it relative to all the other bulk orders. They seem to be cagey about sharing these details, but they have received samples. A 64 chip board may be problematic as well. I just don't get why they would open now, when they could wait a couple of days and supposedly show you a working 16 board...
There will be no working boards in a few days, they have no firmware as yet. If the chips are on their way the BIGGEST risk is having the firmware done in time if you assume everything else is truthful. |
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they changed their shipping deal because they set it up wrong:
Standard Shipping: $ 50.00
TerraHash Hosting ? (Free)
Local Pickup (Free)
Expedited was deleted as an option, but it used to be there and used to be $25 and I nabbed it when it was there.
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So 441 is the lowest order number so far.
someone sayd 26 something like 26X. That was a typo, it was 46X |
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So 441 is the lowest order number so far.
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I did not feel comfortable ordering what I wanted to order, so I threw in a small order. Order #46X which is so far the lowest order number I have seen so far.
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Think they started order numbers at 450 or 460
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I drove down to their office and made a 4 hour round trip yesterday from Sonoma. They weren't hesitant at all about me coming by. I saw the sample board with my own eyes. The avalon chips looked exactly like the ones I saw at Bitcoin 2013 in san jose. I discussed their hosted solution and they're using a data center right down the street from them. My DXs will be sitting in a cage in an area of silicon valley that does offer inexpensive commercial power. I'm going to go ahead and take the plunge and have a good feeling about it.
Did you see proof of a chip order? |
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I AM OUT they did not provide proof of chip order like they said they would.
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It's one hour until they start taking orders. They said they would provide proof of the chip order and they have not.
Not here or on their website.
Proceed with caution.
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I'm wondering when will the site be open again for another wave of pre-orders? The DX Large looks pretty damn sexy!
Another wave? When was the first one? |
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If that initial chip order has not been made yet, there is no way terrahash can ship mid July..
You are correct. So if they plan to receive chips in 3 weeks (they need a week to assemble) and ship in 4 to 5 weeks. They still have no firmware and no drivers so all that also has to be completed, debugged and ready to roll in the same 4 weeks. If I had chips coming in the door in 3 weeks to a month, I'd provide proof and be proud to do it!! |
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Here is my take on it guys.
Terrahash is legit, and just like KNCMiner, they want to deliver. The insane jumps in difficulty make it hard to pull the trigger on these boards, though, considering the low GH/$ ratio. I have a priority account, and up till about 3 weeks ago was all set to order once TH went live. Now, I am fighting internally, do I order or don't I...? it is something that has kept me up the last two nights. If I order now, I run a very high risk not seeing any ROI, if I wait for more refined tech I could miss the boat. The Jupiters and Saturn devices are very intriguing considering the GH/$, and if they can deliver in a reasonable time frame my wait and see approach will end up being the right decision. Time is counting down on these pre-orders... I have always felt that I need to trust my gut, and typically do, but this situation is much harder to discern. The question is, drop a ridiculous amount of money for 180GH now (works out to about 9k USD), or order a Saturn for $3800 (now knowing they are legit, thanks to Bitcoinorama)?
What does your gut tell you?
Avoid all current ASIC deals and keep bitcoins. Eventualy invest some of them in few promising altcoins. say you bought the 4.5ghz, cost of 250 dollars. Say at the moment 5 ghz makes 18 dollars a day correct?, in 1-2 months it will only make 5-10$ a day? And with the increasing difficulty, i dont see it really becoming paid for for at least 1-2 years or more anyone agree? You only buy it to mine coins the the hell of it, now if it was 5 ghz that worked for bitcoin and litecoin sure =) What does everyone think about this? I think you need to check your math. $10 a day is $300 a month, Pays for itself in 25 days Yeah, but every 2 weeks it will keep going Down, so say they deliver middle July, and its 10 dollars profit a day, and then 2 weeks later with everyone delivering soon, i am assuming it will go to 5 dollars a day, and then by mid august when most people are shipping their devices its pointless. Unless you just want to mine bitcoins for the fun of it, and hope that bitcoins goes to 1k a coin  , or store it at your work and don't have to pay power costs You are projecting difficulty to double every month and price of BTC to remain unchanged. Neither of those is likely. |
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Terrahash are you funding the chip buy with the pre-orders?
They already said that they are going to use pre-order funds to order another batch of Avalon chips so they can keep production rolling. Thats understandable for future buys.. I'm concerned about the first one, did it happen yet? 1:45 until they start taking orders and we don't know yet. |
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Here is my take on it guys.
Terrahash is legit, and just like KNCMiner, they want to deliver. The insane jumps in difficulty make it hard to pull the trigger on these boards, though, considering the low GH/$ ratio. I have a priority account, and up till about 3 weeks ago was all set to order once TH went live. Now, I am fighting internally, do I order or don't I...? it is something that has kept me up the last two nights. If I order now, I run a very high risk not seeing any ROI, if I wait for more refined tech I could miss the boat. The Jupiters and Saturn devices are very intriguing considering the GH/$, and if they can deliver in a reasonable time frame my wait and see approach will end up being the right decision. Time is counting down on these pre-orders... I have always felt that I need to trust my gut, and typically do, but this situation is much harder to discern. The question is, drop a ridiculous amount of money for 180GH now (works out to about 9k USD), or order a Saturn for $3800 (now knowing they are legit, thanks to Bitcoinorama)?
What does your gut tell you?
Avoid all current ASIC deals and keep bitcoins. Eventualy invest some of them in few promising altcoins. say you bought the 4.5ghz, cost of 250 dollars. Say at the moment 5 ghz makes 18 dollars a day correct?, in 1-2 months it will only make 5-10$ a day? And with the increasing difficulty, i dont see it really becoming paid for for at least 1-2 years or more anyone agree? You only buy it to mine coins the the hell of it, now if it was 5 ghz that worked for bitcoin and litecoin sure =) What does everyone think about this? I think you need to check your math. $10 a day is $300 a month, Pays for itself in 25 days |
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What does your gut tell you?
My gut tells me that if I was TH on the verge of a large offering of equipment, I would be ever present in this forum, providing whatever was needed to make my new potential customers comfortable with sending me their money. Yet with 2.5 hours to go until they start taking orders on devices that they do not have a working prototype on, they are absent. Either they won't provide the proof that they ordered chips, or they will do it at the very last minute which is extremely suspicious. 20,000 chips costs a lot of money. All we have seen to date is a single 95% populated PCB, 30 avalon chips and some pictures of an office space. It's borderline, barely enough data to get you comfortable, so my question is why not provide enough to get everyone warm and fuzzy? |
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T-minus 3.5 hrs
And still no proof chips have been ordered. |
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Regarding the boards they are taking orders on tomorrow, BKKCoin (who is writing the firmware) said this about Terrahash:
I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back.
I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware.
#######
So if BKKCoin does not deliver the firmware and the driver, the hardware is a paperweight.
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Thanks for the link. I hadn't seen it yet. I'm not sure they realise over there that this isn't going to plug in and mine right now. A lot of the code is present but it's not debugged and it will require quite a bit of work still to get it working as expected, not to mention there is no driver yet for cgminer. So the best case initially is using the ktest program to feed test data and getting any result nonces back. I've been working today on a kslog utility which takes sharelog data from cgminer and decodes the merkle and midstate data so that suitable test data that is known to give a nonce result can be fed in with ktest. Also, this data is used for the chip detection algorithm so it's needed for completing the firmware. kslog is written and works but I have no idea if I got the endian swaps right. It outputs python and C syntax data statements to use in ktest and the firmware. So if Terrahash is starting to take orders tomorrow and you are no where near functional firmware and they expect chips in a less than a month, will they be able to deliver a functional product? |
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