I don't think 600$ of investment is something people would easily overlook...
You're right. Customers would not easily overlook investing $600 in your hardware. In retrospect, it seems that you did overlook their $600 investment, orders-of-magnitude over. |
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That's a nice little unit at a nice price, but I'd need quite a few of them! 1200 watts is enough for two (but not quote 3) Antminer S-3's, but not quite enough for an S4... * dkaufman is googling a bigger one right now.. Don't the S3's draw 355W? You should be able to fit 3 on one of these little guys? Yep. I run three S3's on a single Corsair AX-1200 no problem. Loves those power supplies. |
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Smells like a cash flow problem to me … just like the alleged 'yield problem' with the ASICs
Considering the money KNC is pulling in with their datorhall, I really don't think cash flow is a problem for them at the moment. |
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You must remember it.
"But... but... IT'S NOT THE SAME AVALON"  |
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500 (500kk bits  ) or more Was going to suggest the same; I would think anything over 500 BTC in holdings is very respectable. |
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They've only been selling in hand hardware for way over a year now, you might not have participated in it but Avalon2 and Avalon3 were sold from in hand in huge quantities.
Fair enough, yeah, I do recall that (selling from stock over the last year). To your point, I had zero interest in the Avalon2 and 3 stuff. This 28nm stuff piques my interest, however, and I start getting flashbacks  Fucking Yifu... |
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Sorry that you learned this lesson the hard way The generally accepted practice around here is to NEVER use Paypal when buying or selling Bitcoins. NEVER. EVER. You're going to have a bad time. |
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My suggestion is to set fire to the BFL60 unit. You are burning more in electricity than you are making back.
Having said that, my go-to power supply is a Corsair AX-1200 for running multiple miners with plenty of buffer range.
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No its not entirely new people, ngzhang took the engineering team after Avalon essentially disbanded and started again.
That's the issue, though. I'm not sure who the bigger problem was. Yifu or ngzhang. They were both seedy individuals who bashed, abused, and profited off this community. The fact that ngzhang is involved at all is no better than if Yifu was still involved, is the long-and-short of it. It's nice and all that they are under new management, but the sadistic horror of their first gen fiasco is still a bitter memory to those of us that went through it, and short of selling these with COD terms to us old-timers as a good-will gesture to restore faith (a stark contrast to the hate-fuck they gave us all for prepaying them last time and not getting things well beyond their own stated "no bullshit" terms), I can't imagine how anyone with a recollection of their prior antics isn't twitching with PTSD-induced flashbacks right now. |
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The smell of this particular bullshit is burning my eyes.
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One more time people: Different crew, different product, and different company. IMO Canaan's only mistake has been to keep an association with the Avalon name.
ngzhang != Different crew |
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Lets hope I'm wrong. I'm calling $150 for Dec 31, 2014.
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Avoid this scam company....new name does not make the past disappear.
In retrospect, I'm not sure who the bigger asshole is. Yifu or ngzhang. Both have shown contempt towards the community and it's customers. As tempting as these products are, I hope people ignore them on principle. Avalon have fucked over Bitcoiners so incredibly badly, I'm surprised they haven't burnt the name and rebranded entirely. |
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Lie much?
Why yes you do. In fact, you do it so constantly I think everything out of your mouth is a lie. I do hope your mining pool is still operating too. They might want to talk to you about that too. Be sure and let your attorneys know round two is about to start. * Xian01 pictures Josh comicaly attempting to canoe up some river in Egypt without a paddle http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.42.0.pdfIV. Defendants Do Not Provide Refunds to Customers.
Defendants claim that they have provided a “full product shipment or refund” for “every
single order between August 9 and November 9, 2013.” Def. Opp. at 15. They provide no
supporting documentation establishing this fact. Directly contrary to Defendants’ statement, one
consumer stated in his declaration that after placing an order with Butterfly Labs in both
September and October of 2013 for over $7,500, he received neither a refund nor a product after
numerous requests.21 And, even in situations where consumers were able to get a refund, they
often had to resort to other methods such as their credit card’s dispute resolution process or civil
lawsuits before they were able to get a refund. For example, one consumer had to lodge a
complaint with his credit card company before he was able to obtain a refund.22 Another
consumer had to sue the Defendant through an attorney before he was able to get their attention
and have his money refunded.23 And still other consumers have never received a machine or a
refund at all.24 Defendants may try to argue that these are isolated incidents, but there are entire
threads on the blogosphere where consumers teach each other tips on ways to force Butterfly
Labs to provide refunds to the consumer.25 These threads generate hundreds of comments with
consumers all explaining their difficulty in getting a refund from Defendants. |
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Ain't gonna lie, this downward trend is starting to concern me.
At what point does a Legendary member cut his loose.. That'll be for my nieces and nephews to decide. I'm hodling. re: Trading strategy, I have none. I've been a miner for a few years now. To that end, I'm not sure if I see myself continuing to run my farm come New Year. Will probably shut everything down and sell it off (the rigs, not the BTC) |
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Ain't gonna lie, this downward trend is starting to concern me.
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Was wondering did Apple know that before making him CEO ? Don't think this is good advertising for a company that large.
I'm wondering why you think this is bad advertising for a company that large, TBH. What does his sexual orientation have anything to do with anything, much less the performance of his duties as CEO of Apple. I'm happy for him that he came out finally. Apparently it was one of the longer kept "secrets" in the industry that the media never reported on because, well, it's not really a story at all IMO. |
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I wonder if this isn't causing the current price of BTC to take a nose-dive, if they sold off $40m of coin. I was digging around blockchain and I've come to the conclusion that KNC did actually dump $40m worth of bitcoins on the market.
Here are addresses owned by KNC:
1H1sq6Msgt9HjRrBuz8ieZdThzWXS6oPVA (knc in the coinbase.)
1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X (knc in the coinbase)
1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX (KNC mining at eligius)
1D5FhoiuLMJJ43BCMGidwvbKWfr71g1vH9 (another eligius address)
Combined they have mined ~82,000 btc.
From the mining addresses the BTC is then sent to a few consolidation wallets the largest of which is 1CU8DYQxwBfq7UTWdopxsodimYwZMVXcbh
From there it looks like just about all the BTC is sent to exchange wallets.
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