Like I said, I really wish the BTC to crash once you have your ordering started - will see where your lecture goes.
Haha, so much hate, what did you miss out on batch #1 and 2 or something? Willing to make a comment based on the negative outcome of Bitcoin as a whole just to get at me. I do not hate you. I do not even know you. I am a new comer in BTC market, and certainly was prepping my investment based on previous batch prices, so I expected something in $1800 range. I do not have BTC mined from earlier, so purchasing BTC with usd at 64+ is out of my capacity. With the strategy change from accepting USD to BTC, potential customers and newcomers like me are screwed, without any hope to get into mining, since other than ASIC every other h/w is outdated. The strategy of taking BTC is making sure, the people who bought batch 1 or 2 will keep on buying with the produced BTC (or the old time miners), and does not welcome new comers. Are you expanding the market with that ? To be fair, why don't you give both choice of paying in BTC, or equivalent in USD ? Then there would be a fair chance. It is extremely hard to collect USD and then convert to BTC. Does that make sense ? What I have been saying is purely my feeling as a new entrant in the market, who feels that he is out of option, just because this pay with BTC thing. Again, I do not have anything personal with you or anyone at Avalon, so please do not take in that way. I think once you stop thinking in USD the escape velocity will come. Why should we sell some hardware that will break even in a few days for $1800 while bitcoin continue to raise? Bitcoin mining should not be a small investment, nor it should be a quick way to make money, for network security purposes the ROI for these things should be AT LEAST 1 month based on a diff projection. All Avalon is doing is giving people a chance to take up this investment based on a projection of 10,000,000 diff in May-June with a 1 month ROI time frame. Don't get me wrong, I respect what you did. You are legit, and you did an excellent job. I just don't think that difficulty will be 10,000,000 when the batch #3 units will reach the customers. Two questions:
- can you guarantee batch #3 delivery not later than May?
- wouldn't the difficulty reach at least 15,000,000 once all your 1,500 units are deployed? Wouldn't be much higher if ASICminer/BFL customers also start deploying more units? - Yes, but I think this question can be answered based on how fast we ship batch #2. - not really, the current diff already includes majority of batch #1's hashing power. but I also don't believe diff will only be 10,000,000 but like I said, it should take at least 1 month of ROI, realistically best case 1 month, regular projection of 3 month, which is about diff 30,000,000 which is more reasonable if BFL ships. Oh also, expect a newsletter soon. |
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I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.
How are they any more greedy than miners? Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved. I assume that was the feeling. Many are finding out what happens when you deal with a principled business person. I was "really?" at first, but then after thinking about it, it didn't seem bad. With a ROI of 6-12 months, you know they will keep the gear on the network for that time, keeps it just the much more secure. Hope people are looking at other motives than just profits. Come on. They are just pushing their profit to the maximum giving the circumstance that right now they have no competition, that's all. They even acknowledge that now ROI is not guaranteed, you need "math and faith". So the current pricing + the greed taking over will make them sell out the units, making a huge profit, while is quite possible (but not certain) that the batch #3 buyers will not even recoup their costs. That said, I think they did a great move for themselves: they set the right price for people still buying the whole batch, in perfect correlation with the current exchange rate. If they priced the units let's say a 20% higher, maybe they would have a problem selling all the units. if we want to min-max, we wouldn't sell in the first place. the math is made on a one month ROI when diff is 10,000,000. very basic. |
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I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.
How are they any more greedy than miners? Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved. Like I said, I really wish the BTC to crash once you have your ordering started - will see where your lecture goes. Haha, so much hate, what did you miss out on batch #1 and 2 or something? Willing to make a comment based on the negative outcome of Bitcoin as a whole just to get at me.
Explains the communication regarding batch 1 shipping.
this has nothing to do with it, but I am slightly annoyed at people opening a new ticket every 2 days and senting a email asking what is going on because nobody reads news letters. I love it when people complain a whole bunch, and then they receive their units and quietly goes away to start mining and stop posting. you know who you are.  |
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I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.
How are they any more greedy than miners? Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved. |
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Love when people throw around numbers like "3 month" randomly without any math.
the current difficulty is a little below 5,000,000, which a three module Avalon will produce ~6 BTC a day under these conditions.
Let's see how "3 month" ROI actually looks like.
If difficulty raises to 30,000,000 each three module Avalon will produce 1 BTC a day, enabling a break-even in 90 days.
So yes, if you think we are going to get a 6x difficulty increase between now and May then by all means, please don't purchase Avalon.
Well, how many units do you plan to deploy summing up batchs 1, 2 and 3? That's 67GHs x 1500 units, correct? Doesn't that take difficulty at least to 3x, counting that no other player (not BFL, not ASICminer, not others) starts deploying/delivering ASICs? yes of course, AMD can release 23nm ASIC middle of May! If you wish to shoulder the risks then by all means buy it, if you do not, then don't. Honestly if we wanted to min-max on profit we wouldn't have sold any. All Avalon is doing is offering people a chance to take this investment. |
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Love when people throw around numbers like "3 month" randomly without any math.
the current difficulty is a little below 5,000,000, which a three module Avalon will produce ~6 BTC a day under these conditions.
Let's see how "3 month" ROI actually looks like.
If difficulty raises to 30,000,000 each three module Avalon will produce 1 BTC a day, enabling a break-even in 90 days.
So yes, if you think we are going to get a 6x difficulty increase between now and May, let's even say June! then by all means, please don't purchase Avalon, because I wouldn't.
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I should point out that Avalon sold 1000 units within Batch 1 (in China).
less FUD please, there's total of 300 units for batch one, -/+ 10. this includes in china. fun fact: we rejected 2x 100+ orders and a deal to buy the whole 300 unit lot. p.s. sorry about the DHL delay guys, since we are doing shipping through another company we get the tracking a few days after we ship, and due information being passed through multiple parties, it is entirely possible you'll receive units before tracking information, which is currently what is happening. |
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what a deal, dignity worth less $2,300. |
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Hey guys, just got a batch of tracking numbers, going to send out emails through out the day today. I've heard nothing either. My order was placed 23 minutes after Keefe's, number 20000017x, so I expect I'm not too far behind him in the queue. I'm also in the US. I sure wish I could login to the avalon webstore and see the status of my order, and maybe tracking information, but alas the link 404s anymore. http://shop.avalon-asic.com/customer/account/I can tell you it's shipped as your tracking info was on the list, so is Keefe for that matter. |
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BitSyncom,
Do you have a timetable to confirm and add early batch 2 orders(Feb2-3) to your website? It's not comfortable having no order # and nothing to confirm receipt of payment other than a BTC transaction ID. Also nothing to confirm a correct shipping address. Thx.
This will probably have to wait until batch 1 finishes shipping. Once you have gotten word from walletbit that your "payment" is good you can pretty much rest easy because we will be working together to cross check our records. |
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on github? the overclocking para is been in the git for awhile now, it's just not enabled by default. I'll forward the BFGMiner. |
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IS Batch #3 Ready for Order ??
Are we ready to take in more money? Always. Are we ready to take orders for batch #3? No. |
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sigh,
shipping priority does not mean the order which shipping happen.
it kind of just means soon as we get a trade in order we will ship it, whilst regular order ships in parallel, they just fall under two queues as suppose to one.
I have to remember these things are not obvious, apologies.
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+298  +600 --> it's March allready... Or did you mean that we have to wait until May with this cryptic message in your last letter " May they enjoy the coming delicious crabs." ? Just give it to us straight... talking in riddles is not everyone's cup of tea.  someone didn't check their mail bonus |
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Since he didn't say squat, I assume he's just torturing Batch 1 just to surprise the customers.. Kinda like how Satoshi dice 0 will scare you with a monkey.
https://i.imgur.com/KzY4tPF.jpg |
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would be interesting to see, will there be chip demos? Will to show up physically for this.
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you can't pay even if you tried they have been out of stock for a long time now. in other fun news, there's like 4000+ "pending" orders because they have never been paid, and I've canceled another few thousand, which is not too surprising. everyone who paid should be set as "processsing", still catching up to confirmation emails at the time of writing. |
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Update, after an hour and a half with 0 confirmations on my btc transaction, I now have 2/6, and my order has been changed to "processing"
-still no email from avalon
that's odd, the action of pending->processing and email confirmation happens at the same step, check spam? if not I can resend if you PM me your order ID. |
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and a wave of confirmations has been sent out!
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Got confirmation email from walletbit and avalon despite 10m counter timing out.
yeah, systems are a bit slow, but everything is checking out so far, hold your horses guys. |
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