btt

[creativex]

Polls are closed on last week's motions. The results are:

Motion to invest idle capital in ASICMiner-PT has passed with 72.8% approval.

Motion to purchase a secondary market Avalon batch 1 or batch 2 mining unit has passed with 66.7% approval.

Motion to purchase ASICMiner blades not approved with 7.5%.

I've obtained 100 shares of ASICMiner-PT at an average cost of 2.47BTC/share and will distribute 100% of the dividends received to bASIC-MINING shareholders upon receipt. Dividends from the PT will be divided into 7 portions, added to our own mining revenue, and distributed daily beginning this Thursday(June 6).

Thanks to all bASIC-MINING shareholders for taking part in this process.

[Deprived]

The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   

https://bitcointalk.org/index.php?topic=223656

KnCMiners are also Coming Soon^TM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.

[creativex]

The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   

https://bitcointalk.org/index.php?topic=223656

KnCMiners are also Coming Soon^TM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.

You'd be correct.

I'm following the many start-ups with great interest, but am reluctant to commit resources to anything without a proven track record at this point. With difficulty increases continuing to accelerate, I feel it's more important than ever to invest company funds wisely. Multiple vendors now have plans to ship raw chips and as a result time to delivery should continue to contract.

[Deprived]

The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   

https://bitcointalk.org/index.php?topic=223656

KnCMiners are also Coming Soon^TM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.

You'd be correct.

I'm following the many start-ups with great interest, but am reluctant to commit resources to anything without a proven track record at this point. With difficulty increases continuing to accelerate, I feel it's more important than ever to invest company funds wisely. Multiple vendors now have plans to ship raw chips and as a result time to delivery should continue to contract.

Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.

[matt4054]

Polls are closed on last week's motions. The results are:

Motion to invest idle capital in ASICMiner-PT has passed with 72.8% approval.

Motion to purchase a secondary market Avalon batch 1 or batch 2 mining unit has passed with 66.7% approval.

Motion to purchase ASICMiner blades not approved with 7.5%.

I've obtained 100 shares of ASICMiner-PT at an average cost of 2.47BTC/share and will distribute 100% of the dividends received to bASIC-MINING shareholders upon receipt. Dividends from the PT will be divided into 7 portions, added to our own mining revenue, and distributed daily beginning this Thursday(June 6).

Thanks to all bASIC-MINING shareholders for taking part in this process.

This is great news for shareholders! Now go shout the news all over the BTC place and let the stock price rise

Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.

+1, not to mention other Avalon clones projects.

Yesterday I hesitated to liquidate my securities and invest the proceeds in ASIC pre-orders. After a lot of thought, I share exactly the same analysis as Deprived wrote above. It is too late for mega profits at this stage.

An ASIC in hand is worth two mining for tested by the manufacturer in the bush!

[iCEBREAKER]

Avalon batch one?  Too risky!  [*Batch one owners make a mint*]

Avalon batch two?  Still too risky.  [*Batch two owners make a mint*]

AM blades?  Less risky, but too expensive.  [*Batch one owners make a mint*]

AMC?  Too risky!

BitFury?  Too risky!

KnC?  Too risky!

Avalon batch three?  Less risky, but too expensive.  Let's wait, and then pay even more for one on the secondary market! 

^I'm not seeing the logic here.  I see scared money, crippled by paralyzing fear. 

How many boats have we missed now, "Because BFL trauma?"  At least three, by my count.

Nothing ventured, nothing gained; no risk, no reward.  He who hesitates is lost.

Nothing in the middle of the road except dead animals, run over by vehicles being firmly driven in a particular direction.

If you're waiting for a Sure Thing with Guaranteed Profits, better get comfortable. 

This is the crucial time to invest in pre-orders for the second-gen ASIC hardware that will make Avalon obsolete.  Well it was yesterday, when I got my batch one BitFury group shares.   

Otherwise we're going to mostly be a pass-through of an Asicminer pass-though, for a long time.

[iCEBREAKER]

Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.

Maybe today is.  But yesterday I locked in 6GH for 2BTC on a BitFury pre-order.  And got shares of 100TH, worth 200MH each, for 0.28BTC.  Cheapest hash ever!   

When the boat is boarding you buy a ticket, not tarry and wring your hands, fretting about what BFL did or didn't do.

[creativex]

Avalon batch one?  Too risky!  [*Batch one owners make a mint*]

Avalon batch two?  Still too risky.  [*Batch two owners make a mint*]

AM blades?  Less risky, but too expensive.  [*Batch one owners make a mint*]

AMC?  Too risky!

BitFury?  Too risky!

KnC?  Too risky!

Avalon batch three?  Less risky, but too expensive.  Let's wait, and then pay even more for one on the secondary market! 

^I'm not seeing the logic here.  I see scared money, crippled by paralyzing fear. 

How many boats have we missed now, "Because BFL trauma?"  At least three, by my count.

Nothing ventured, nothing gained; no risk, no reward.  He who hesitates is lost.

Nothing in the middle of the road except dead animals, run over by vehicles being firmly driven in a particular direction.

If you're waiting for a Sure Thing with Guaranteed Profits, better get comfortable. 

This is the crucial time to invest in pre-orders for the second-gen ASIC hardware that will make Avalon obsolete.  Well it was yesterday, when I got my batch one BitFury group shares.   

Otherwise we're going to mostly be a pass-through of an Asicminer pass-though, for a long time.

Thanks for the quote iCEBREAKER. Unfortunately I was unable to find a source for the quote, can you provide one?

I disagree with whoever(strawman) was quoted that Avalon batch 1, Avalon batch 2, or Avalon batch 3 are too risky. The rest...yeah too risky.

[iCEBREAKER]

Thanks for the quote iCEBREAKER. Unfortunately I was unable to find a source for the quote, can you provide one?

Sure man, no problem!  Here you go:

A paraphrase /ˈpærəfreɪz/ is a restatement of the meaning of a text or passage using other words. The term itself is derived via Latin paraphrasis from Greek παράφρασις, meaning "additional manner of expression". The act of paraphrasing is also called "paraphrasis".

A paraphrase typically explains or clarifies the text that is being paraphrased. For example, "The signal was red" might be paraphrased as "The train was not allowed to pass because the signal was red". A paraphrase is usually introduced with a verbum dicendi​—​a declaratory expression to signal the transition to the paraphrase. For example, in "The signal was red, that is, the train was not allowed to proceed," the that is signals the paraphrase that follows.

A paraphrase does not need to accompany a direct quotation, but when this is so, the paraphrase typically serves to put the source's statement into perspective or to clarify the context in which it appeared. A paraphrase is typically more detailed than a summary. One should add the source at the end of the sentence, for example: When the light was red trains could not go (Wikipedia).

Paraphrase may attempt to preserve the essential meaning of the material being paraphrased. Thus, the (intentional or otherwise) reinterpretation of a source to infer a meaning that is not explicitly evident in the source itself qualifies as "original research," and not as paraphrase.

Unlike a metaphrase, which represents a "formal equivalent" of the source, a paraphrase represents a "dynamic equivalent" thereof. While a metaphrase attempts to translate a text literally, a paraphrase conveys the essential thought expressed in a source text​—​if necessary, at the expense of literality. For details, see dynamic and formal equivalence.
http://en.wikipedia.org/wiki/Paraphrase

I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets. 

[miTgiB]

I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets. 

I don't expect we ever spend a bitcent for secondary Avalon, anyone with an Avalon will be unwilling to sell for a price creativex is willing to pay, but I do expect we take delivery of our pre-orders before we buy anything else.  I'm not trilled with ASICMINER-PT shares, but it will triple the current dividend and get us back to a level seen back in March.

[creativex]

I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets.

Can we agree that Avalon hardware has presented the best risk/reward scenario to date? Roughly 75BTC bought you 68-70ish Gh/s in B1, B2(.1) and B3 and they, like ASICMiner, have proven they can deliver but for a whole lot less. Though I don't recall the date B1 opened I believe it was before there was a bASIC-MINING, so that's not at all relevant. At any rate we had a risky order in with BTCFPGA at that point and lacked the resources to order from Avalon B1 even were that possible.

Since that time we've placed orders with B2 and B3. If I'd known on Feb 2-3 that Walletbit was incapable of...well...anything useful then I'd have waited till Feb 18 to order and gotten a steep discount, but I did not have that information at the time. As a result I attempted to place an order with Avalon on Feb 2(fail) and *DID* place a risky order with Avalon on Feb 3 which still appears to have been the correct decision.

Cheers.

[iCEBREAKER]

I've very happy with our Batch 2 order and fine with the Batch 3.  Smooth moves, Ex-lax!   

miTgiB is probably right about us never finding a secondary order at the 'right' price, so I won't sweat that either.

It would be nicer to have bets on horses besides Avalon, but AM shares are easy to liquidate and will pay dividends until real competition emerges.

[glendall]

I think creativex is doing a grand job. Nice work. I think the right calls are being made. And good voting, everyone else... .

[creativex]

I think creativex is doing a grand job. Nice work. I think the right calls are being made. And good voting, everyone else... .

TY, I appreciate the kind words.

[wiak2]

Looks like a very nice dividend of .038146/share from ASICMINER, gives us 3.8146 BTC total for this week from our 100 shares, larger than the 3.54 BTC mined by the GPUs during all of May.  Plus, with the value of each share surely rising after a large dividend, looks like this will be a great use of funds until the Avalons arrive!

[miTgiB]

Looks like a very nice dividend of .038146/share from ASICMINER, gives us 3.8146 BTC total for this week from our 100 shares, larger than the 3.54 BTC mined by the GPUs during all of May.  Plus, with the value of each share surely rising after a large dividend, looks like this will be a great use of funds until the Avalons arrive!

Indeed, adds 0.544955286 per day to the payout starting Thursday, over 5x yesterdays payout.  I also like the fact we are nearing the 5000 IPO shares being sold to limit the dillution

[creativex]

Best dividend ever from ASICMiner I believe. Still not happy about having to do this, but those darn hardware vendors can't seem to provide accurate shipping dates. We're fortunate to have reliable chaps like friedcat and burnside around to make these options available.

Cheers.

[creativex]

We've reached a milestone 3k market cap. Thanks to all bASIC-MINING shareholders.

[glendall]

Someone just went on a pretty big buy spree just now picking up 25 shares or so.  

It looks like there is a good chance of almost every share going to be sold out in the future; looks good

[creativex]

Update from Avalon received 4:23AM June 10:

Dear creativex@broadstripe.net,

Not quiet ready yet, but since we did promise an update over the weekend, here's a sneak peak of the exciting two weeks that will follow.

For those who did not see Yifu Guo's panel at the conference can check it out below
http://youtube.com/watch?v=LY1xgGiejIc | http://youtube.com/watch?v=UtVx26LlNXA
http://www.youtube.com/watch?v=nD237oF7cCo

Let's get started.
 
First, there will be no power supply cable included in the box, you will have to acquire you own, it is an standard ATX power cable, get the socket for your country, we did this to save time allowing all the packaging of the Avalons to be uniform.

To summarize and recap the talk at the conference:
 
Scaling from few hundred units that we had a few month to prepare for into a few thousand units in less than a month have proven difficult, we must admit that we have bite off more than we can chew and suffering from "third-party dates", which are ever-changing. We are playing catch up and expect to soon see the light at the end of this tunnel.

Facts:

New SMT line is now fully operational as of this weekend.
New shipping channel secured and tested.
Sample chips has began shipping.
Majority of all the parts have arrived and ready,
which also means we finally will have time to go over tickets, and send out those trade-in payment emails.

What you can expect in the next newsletter should consist of the following:

photo tour of the new Avalon factory,
the operating crew, which have doubled in size, assembling.
piles and piles of packaged Avalons ready to ship.

Sit tight, it won't be long now.