Avalon 7

[Unacceptable]

Given how late they were saying they weren't working on 14/16nm, Christmas might not be a stretch.

Indeed. They had actively decided to sidestep this shitstorm of a generation and seems it was a good idea. Bitfury *appears* to have messed theirs up, Spondoolies died trying to raise money for it, KNC *appears* to have messed up it* and only Bitmain *appears* to have a successful public chip.

Well, Bruh! I don't know how true this is but some people from my side India claim to have cut a deal with bitfury regarding their container and soon they're going to have a test run. According to this it seems like BF is still in business. Please correct me if I'm wrong. And I don't know why people claiming to invest $11.2M would lie.

If that is happening then it would explain the paucity of chips in other integrators hands. The container/data farm construction division of BitFury is after all a sister company of the chip division. Bet they got the lions share of chips from the limited number of wafers BF has gotten from TSMC so far.

No doubt the smaller integrators got some to play with and test out but....

So, basically bitfury is going behind big bucks and not giving a fuck about decentralization. How ironic.

Why is anyone surprised?? Profit is profit,bitches!! 

[dogie]

Given how late they were saying they weren't working on 14/16nm, Christmas might not be a stretch.

Indeed. They had actively decided to sidestep this shitstorm of a generation and seems it was a good idea. Bitfury *appears* to have messed theirs up, Spondoolies died trying to raise money for it, KNC *appears* to have messed up it* and only Bitmain *appears* to have a successful public chip.

Well, Bruh! I don't know how true this is but some people from my side India claim to have cut a deal with bitfury regarding their container and soon they're going to have a test run. According to this it seems like BF is still in business. Please correct me if I'm wrong. And I don't know why people claiming to invest $11.2M would lie.

If that is happening then it would explain the paucity of chips in other integrators hands. The container/data farm construction division of BitFury is after all a sister company of the chip division. Bet they got the lions share of chips from the limited number of wafers BF has gotten from TSMC so far.

No doubt the smaller integrators got some to play with and test out but....

So, basically bitfury is going behind big bucks and not giving a fuck about decentralization. How ironic.

Why is anyone surprised?? Profit is profit,bitches!! 

But promises are also promises. The thing that irks me about the Bitfury situation is (as I said on release) they love to spam PR with their expensive firm and then totally renege on the promises they made. I mean, if you don't think you're going to actually do what you said, why don't you just not say it and annoy everyone later?

[Mr. Kashif]

Given how late they were saying they weren't working on 14/16nm, Christmas might not be a stretch.

Indeed. They had actively decided to sidestep this shitstorm of a generation and seems it was a good idea. Bitfury *appears* to have messed theirs up, Spondoolies died trying to raise money for it, KNC *appears* to have messed up it* and only Bitmain *appears* to have a successful public chip.

Well, Bruh! I don't know how true this is but some people from my side India claim to have cut a deal with bitfury regarding their container and soon they're going to have a test run. According to this it seems like BF is still in business. Please correct me if I'm wrong. And I don't know why people claiming to invest $11.2M would lie.

If that is happening then it would explain the paucity of chips in other integrators hands. The container/data farm construction division of BitFury is after all a sister company of the chip division. Bet they got the lions share of chips from the limited number of wafers BF has gotten from TSMC so far.

No doubt the smaller integrators got some to play with and test out but....

So, basically bitfury is going behind big bucks and not giving a fuck about decentralization. How ironic.

Why is anyone surprised?? Profit is profit,bitches!! 

But promises are also promises. The thing that irks me about the Bitfury situation is (as I said on release) they love to spam PR with their expensive firm and then totally renege on the promises they made. I mean, if you don't think you're going to actually do what you said, why don't you just not say it and annoy everyone later?

One word Mr. Dogie. 'Business'.

[sidehack]

http://www.dictionary.com/browse/integrity

[HerbPean]

We can complain that Avalon sell their hardware at higher cost then Bitmain but what about the quality of the build ?

In my honest opinion => Avalon > Bitmain

How many small miner have been screwed because they had a faulty S7 ? (I think I red a few in the Bitmain thread) You buy 3-4-5 units, it only takes 1 units to screw everything.

To be fair ... I have 7 A6 and 8 S7 and I have no failure. I have 4 S7-F1 ... one fan = bad, they will be upgraded with an extra fan.

[yslyung]

http://www.coindesk.com/bitcoin-mining-asic-acquired-avalon/

[alh]

http://www.coindesk.com/bitcoin-mining-asic-acquired-avalon/

Does the acquiring company (aka "Shandong Luyitong Intelligent Electric PLC") use another name I might be familiar with?
I am woefully ignorant of many Chinese companies, but the article suggests that I should have heard of them.

Any good hints or clues?

[notlist3d]

http://www.coindesk.com/bitcoin-mining-asic-acquired-avalon/

Well this sure changes things if this is 100% correct, I wonder what the purchase plans are. Continue making home miners or challenge Bitmain for warehouse market.

Very interesting  it makes me wonder if they are closer to a Avalon 7 then I thought.  With a evaluation with that it seems the ones buying must see something there they would want... so maybe new chips? All speculations I guess.

I read it wrong for a second.  But very big new's will be interesting to see what comes out of Avalon after this.

[in2tactics]

... But very big new's will be interesting to see what comes out of Avalon after this.

At this news, I wonder if Avalon will ever release another product.

[notlist3d]

... But very big new's will be interesting to see what comes out of Avalon after this.

At this news, I wonder if Avalon will ever release another product.

I'm hoping the company that bought them allows them to continue as they have been.  Hopefully they continue to sell direct to customers, and through BlockC.   Both were way's to purchase.

Something interesting now going to https://canaan.io/en/ I don't see a store but a email to order.  Did this just happen with being purchased? Or was it like this for a while I had not looked at it in a little while.   

[HagssFIN]

..
Something interesting now going to https://canaan.io/en/ I don't see a store but a email to order.  Did this just happen with being purchased? Or was it like this for a while I had not looked at it in a little while.    

You mean the Avalon 6 sales? Yep, it has been like that for a while.

[dogie]

... But very big new's will be interesting to see what comes out of Avalon after this.

At this news, I wonder if Avalon will ever release another product.

I am so damn happy for the team, its great to see the good guys win for once.

[Unacceptable]

... But very big new's will be interesting to see what comes out of Avalon after this.

At this news, I wonder if Avalon will ever release another product.

I am so damn happy for the team, its great to see the good guys win for once.

You don't think they'll hoard those new gen chips & start a farm,ala KnC

[NotFuzzyWarm]

As I mentioned in the s9 thread but certainly more on-topic here,
<snip>
IMHO it could well be that since Canaan Creative chose to be late to the 16/14nm node they (major stakeholders) decided to take the money and retire to a nice private island somewhere. As long as their IP does now belong to an "Angel" company with it's eye on the miner market (and we don't know that yet), then cool.

Even cooler would be if Avalon has low-node designs in the works but never put to silicon. With the new ownership it opens the door to them maybe using Global Foundries and go 14nm. Nice safe location (upstate NY) and as far as I know, GF is open to all customers.

[notlist3d]

As I mentioned in the s9 thread but certainly more on-topic here,
<snip>
IMHO it could well be that since Canaan Creative chose to be late to the 16/14nm node they (major stakeholders) decided to take the money and retire to a nice private island somewhere. As long as their IP does now belong to an "Angel" company with it's eye on the miner market (and we don't know that yet), then cool.

Even cooler would be if Avalon has low-node designs in the works but never put to silicon. With the new ownership it opens the door to them maybe using Global Foundries and go 14nm. Nice safe location (upstate NY) and as far as I know, GF is open to all customers.

I would not bet on them moving to "upstate NY".   I think they will continue to work with the foundries in China, I don't see change of ownership moving it to that but I could be wrong.  All speculation I guess.

My biggest thing is I hope they continue to sell to small customers like me and other hobby miners.  But guess time will tell on that.

[philipma1957]

As I mentioned in the s9 thread but certainly more on-topic here,
<snip>
IMHO it could well be that since Canaan Creative chose to be late to the 16/14nm node they (major stakeholders) decided to take the money and retire to a nice private island somewhere. As long as their IP does now belong to an "Angel" company with it's eye on the miner market (and we don't know that yet), then cool.

Even cooler would be if Avalon has low-node designs in the works but never put to silicon. With the new ownership it opens the door to them maybe using Global Foundries and go 14nm. Nice safe location (upstate NY) and as far as I know, GF is open to all customers.

I like upstate ny.  I hope this works for all of us.

[NotFuzzyWarm]

As I mentioned in the s9 thread but certainly more on-topic here,
<snip>
IMHO it could well be that since Canaan Creative chose to be late to the 16/14nm node they (major stakeholders) decided to take the money and retire to a nice private island somewhere. As long as their IP does now belong to an "Angel" company with it's eye on the miner market (and we don't know that yet), then cool.

Even cooler would be if Avalon has low-node designs in the works but never put to silicon. With the new ownership it opens the door to them maybe using Global Foundries and go 14nm. Nice safe location (upstate NY) and as far as I know, GF is open to all customers.

I like upstate ny.  I hope this works for all of us.

Well, excluding IBM/Intel there is only TSMC, Samsung, and GF doing 16/14nm nodes for the commercial market. With TSMC booked mainly with their 1st in line no matter what Tier-1 customers and aside from Samsung's foray with BW, Samsung really really preferring to keep their 14nm production for in-house (well, company) use only, I'd think that leaves GF in a rather nice position.

No earthquakes/Tsunami's, great country infra for getting supplies (Korea is still a nightmare. Just try to find a local(ish) store selling say, a common glass 3AG fuse is neigh impossible even in or near the major cities. In the US? Go to the hardware store.) More to the point, GF is using 14nm tech licensed from Samsung and has few(er) Tier-1 customers so production availability should not be a problem.

[generalt]

Am I the only one worried that this Shandong Luyiton company now owns Canaan Creative and is also in bed with Bitmain?

[philipma1957]

Am I the only one worried that this Shandong Luyiton company now owns Canaan Creative and is also in bed with Bitmain?

that is bad if it is the case.

it also explains the 466 million price.

just buy yourself a monopoly .

[sidehack]

In what? A monopoly is only worthwhile if you intend to abuse it, but if you abuse this coin it disappears.