"Avalon" ASIC, announcement & pre-order. pre-order over. project started.

[ngzhang]

So, do I need to mail you guys if I'm interested in a couple of units and I'll get notified? Or being subscribed to the newsletter is sufficient to be notified?

do either of the two is ok.

[Isokivi]

How does any of what you've said address the problem of this being an oversubscribed lottery, where the wealthy and fortunate get preferential treatment? How will it stop people who already have 50, ordering another 50?

Can you stop? Bitcoin will not solve your problems. Nor will losing (most probably) money on ASIC.

So? What's your point?

World is bad and everything is against me?

welcome ot the way the world works. bitcoin is a currency, not a commune. the security is distributed, not the wealth.

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

[libertybuck]

How does any of what you've said address the problem of this being an oversubscribed lottery, where the wealthy and fortunate get preferential treatment? How will it stop people who already have 50, ordering another 50?

Can you stop? Bitcoin will not solve your problems. Nor will losing (most probably) money on ASIC.

So? What's your point?

World is bad and everything is against me?

welcome ot the way the world works. bitcoin is a currency, not a commune. the security is distributed, not the wealth.

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

有点意思. 一个人花费自己的时间和精力替49个朋友连同他自己一共买了50个面包, 在某些人眼里看来就是不公平和不负责任.

[Bogart]

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s.  One entity controlling 2.6TH/s is of no great concern to me.  (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s.   Not quite enough to make up 51% of the network hashing strength.

[malevolent]

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s.  One entity controlling 2.6TH/s is of no great concern to me.  (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s.   Not quite enough to make up 51% of the network hashing strength.

This is definitely enough to be afraid, as less than 51% is required to disrupt the network. With some luck less than that will be enough, e.g. 40% of total hashing power would allow an individual to perform double-spends if he was lucky enough to mine more than half of the blocks (+25% luckier than avg. miner).

[crazyates]

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s.  One entity controlling 2.6TH/s is of no great concern to me.  (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s.   Not quite enough to make up 51% of the network hashing strength.

If a single entity has enough money to purchase all 300 orders, I'd say it's also possible they can put some spare change toward existing FPGA products to overcome that last 4% they need for a 51% takeover.

[kano]

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
 Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Suddenly one day every miner (but 1) is unable to mine bitcoins coz some miner with >50% network power has modified their bitcoind to reject all external blocks and having >50% they might even be able to force that on the blockchain.
Then they can put whatever they like in the blockchain and cause havoc.

So what happens next?
That's the end of BTC - move on to BTC2.0 based on the blockchain before the moron who did the 51% attack
The person who did the 51% attack will very shortly have worthless BTC ...
Yeah I can see someone making a fortune out of spending a small fortune on ASIC ... NOT!

You really think any exchange is going to support a 51% attacked network and allow people to buy and sell until it's resolved?

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

[malevolent]

How would anyone profit from that?
Seriously - think about.

Suddenly one day every miner (but 1) is unable to mine bitcoins coz some miner with >50% network power has modified their bitcoind to reject all external blocks and having >50% they might even be able to force that on the blockchain.
Then they can put whatever they like in the blockchain and cause havoc.

So what happens next?
That's the end of BTC - move on to BTC2.0 based on the blockchain before the moron who did the 51% attack
The person who did the 51% attack will very shortly have worthless BTC ...
Yeah I can see someone making a fortune out of spending a small fortune on ASIC ... NOT!

You really think any exchange is going to support a 51% attacked network and allow people to buy and sell until it's resolved?

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

They wouldn't necessarily have to 'destroy' Bitcoin, they could just profit from their power (albeit probably for a very short time) by double-spending (they could withdraw same bitcoins in other currencies on multiple exchanges).

[disclaimer201]

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
 Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Stuff

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

[kano]

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
 Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Stuff

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

[disclaimer201]

Stuff

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

Just wait and see when so called reality virtually hits the floor ;-). Everything is possible in the crypto universe. There are no ground rules. It is utterly possible that bitcoin goes down and/or altcoins may be worth as much as bitcoin, or as little as Btc. Bitcoin reputation hasn't been at its best lately, for various and justified reasons. Sorry for off-topic. Will shut up now. Good luck with sales.

[kano]

Stuff

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

Just wait and see when so called reality virtually hits the floor ;-). Everything is possible in the crypto universe. There are no ground rules. It is utterly possible that bitcoin goes down and/or altcoins may be worth as much as bitcoin, or as little as Btc. Bitcoin reputation hasn't been at its best lately, for various and justified reasons. Sorry for off-topic. Will shut up now. Good luck with sales.

I do permanently run an LTC litcoind and I even came 2nd in the logo competition for LTC when it first started
(actually I came 1st but they redid it coz someone didn't want my logo )
But, no, I really think it's a complete lack of reality to think that LTC will ever be more than a footnote to BTC
The risk is simply: will BTC survive or not - a secondary crypto is not gonna take over if BTC dies ... IMO

[VeeMiner]

I do permanently run an LTC litcoind and I even came 2nd in the logo competition for LTC when it first started
(actually I came 1st but they redid it coz someone didn't want my logo )
But, no, I really think it's a complete lack of reality to think that LTC will ever be more than a footnote to BTC
The risk is simply: will BTC survive or not - a secondary crypto is not gonna take over if BTC dies ... IMO

I agree with that. If BTC fails then people won't trust another currency, which is more or less the same. LTC was made only for mining, it doesn't have any practical use ATM and I don't think that it will be too interesting in the future. That said, I have 3 CPUs mining LTC, just for "what if" reason.

[loshia]

Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

[Xfinity]

Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

I have not recieved any mail yet...

[SolarSilver]

Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

I have not recieved any mail yet...

Ditto here... I'm a bit surprised, as they want to have the wire transfers confirmed before they can do the second round to get rid of the other 100 reserved units. Wire transfers to China take sometimes up to a week, that leaves not much time until October the 8th.

Their FAQ states:

Wire Transfers - We are currently overwhelmed with keeping the site operational, once the order have calm down a bit we will begin the process the wire transfers, once you have received the appropriate information for the wire transfer you have 7 days(swift / proof of wire transfer) to complete said wire until the order is canceled.

http://forum.bitsyn.com/viewtopic.php?id=6

[ngzhang]

relax， wiretransfer is not started yet. I think we will finish the per-works in a few days.

Then send the mails, then start the second launch.

Working with our ASIC team these days, a little (写作一点，读作非常) busy.

[fcmatt]

I am still concerned about the shopping cart software not updating my shipping address properly.
You change your addresses, delete the old, and the old still remains in some parts of the shopping
software account area.

[chrcoe01]

good to know, I'll have to make sure that I don't type in the wrong one first time through in case I can't change it later

[irritant]

what kind of power plug will it have? Type C?

http://users.telenet.be/worldstandards/electricity.htm