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Author Topic: GMP ASIC crowdmining - Transition Report  (Read 2222 times)
Icoin
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January 16, 2013, 04:19:15 PM
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This is the discription of the expirience of the GMP by now with the transition from FPGA boards Type: Lancelot to AVALON ASIC. On June 30 2011 the project started and was able trough the cryptostocks system to buy 5 Lancelot boards. The mine itself is running since late August 2012 constant and have produced by now like 75 BTC in dividends and onhold value.
Soon after the Lancelot developer got involved into the development of the AVALON ASIC devices and offered cause of this to all Lancelot and Icarus Costumers a tradein Option for AVALON ASIC - We got the offer from the manifacturer to tradein all 5 Lancelot with a 400 $ price off per AVALON ASIC.
That means we just pay 899 $ & shipping for each AVALON ASIC.

Acutaly we are positioned for batch2 so we gonna get at least 5 AVALON devices for the Glari Mining Project. We are aware that not everyone is able to finance a AVALON device so we see the principle of cryptostocks shareholder mining as a very usefull way for the comunity.
I think its fair to inform the comunity about this time limited oportunity to get involved in ASIC mining.

GMP
https://cryptostocks.com/securities/9

GMP on BTCTalk
https://bitcointalk.org/index.php?topic=90880.0

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Icoin
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January 18, 2013, 12:42:01 PM
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The next difficulty target is estimated to take place on block 217728, almost exactly at the time that many customers will be receiving their Avalon ASICs, so the first time mining difficulty significantly moves up to reflect the network’s newfound strength will only happen in early February. Butterfly Labs will, unfortunately, miss the golden opportunity, and buyers of bASICs will have to wait even longer is they choose to spend their refunds on a competitor’s product. Regardless, however, it is becoming clear that every day we are getting closer to the pinnacle of Bitcoin mining coming right to our desktops.
http://bitcoinmagazine.com/asic-mining-updates-basic-hanging-on-a-thread-butterfly-delayed-to-february/

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January 18, 2013, 05:02:00 PM
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Wait, 75 BTC since August 2011 (~18 months)?! That can't be right, can it?

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January 18, 2013, 06:53:32 PM
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Wait, 75 BTC since August 2011 (~18 months)?! That can't be right, can it?

Right!
My typos, sorry Smiley
Its since August 2012

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January 20, 2013, 01:18:58 PM
 #5

AVALON Batch1 started shipping:
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Oh you guys, I think everyone is at a boiling point because of the delays made by our competitors.

We shipped, website will be updated shortly.

First unit goes to Jeff Garzik in honor for the work he has done for the bitcoin codebase being the only developer who ordered from us.

we also arranged to ship a unit to the Bitcoin Foundation, whom is going to do a demo.

The avalon team on the other hand is going to make sure the whole shipping process go smoothly. like handling DHL/EMS problem, and other custom issues.

cheers.

https://bitcointalk.org/index.php?topic=137534.msg1465887#msg1465887

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January 20, 2013, 07:26:07 PM
 #6

First avalon Asic Picture
https://www.devda.ch/node/12

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January 22, 2013, 10:30:31 AM
 #7

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    Batch Status: Not Open
    Unit Price: $1,499
    Batch Size: 500 Units

    Duration: To be announced
    Payment Processor: WalletBit
    Shipping Time: March 1st, 2013


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January 23, 2013, 04:16:42 PM
 #8

Interview with Yifu Guo:
http://bitcoinmagazine.com/avalon-ships-bitcoins-first-consumer-asics/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+%28Bitcoin+Magazine%29

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January 29, 2013, 11:28:21 PM
 #9

Things start to take shape. We just was contacted by Team AVALON and they provided us this Smiley :

The Storm has Come

For those you have not heard on the forums, reddit and other news sources. The world's first ASIC technology enabled bitcoin mining hardware has shipped.

Second Batch

Second batch's order time have been announced. here.


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