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Author Topic: Got offered an Avalon, how much to pay?  (Read 2997 times)
vdragon
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March 16, 2013, 11:53:34 PM
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A friend of mine who was more of a believer in avalon than me got his 2 units few days ago. He is not in it for the money, and he doesnt like the units for some reason - he is a kind of a technical freak, he even had an idea to make one himself. So he said if I want to buy them, to make him an offer. So how much is a decent offer? I dont want to insult him, so just give me an idea how much do you think its worth.

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kibblesnbits
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March 16, 2013, 11:57:24 PM
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...he doesnt like the units for some reason....

I think you'll need to expand on the reason.  Do they look/smell like burnt toaster ovens?

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March 17, 2013, 12:02:22 AM
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I think they worth at least the same amount of coins what was spended at the preorder time.
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March 17, 2013, 12:17:29 AM
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If I were local to him, I'd offer 50 BTC each.

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March 17, 2013, 12:21:37 AM
 #5

50btc for something that makes 250usd a day.... thats would be an insult. To answer the other question, they work perfectly, he is just one of those ppl that have plenty, he ordered them for a thrill. How much did people pay in btc when they ordered those ? like 130 btc?

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robamichael
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March 17, 2013, 12:26:01 AM
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Don't forget that BTC prices are highly volatile and that difficulty will continue to increase.

What makes $250 today might not do the same a month down the road.

vdragon
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March 17, 2013, 12:26:53 AM
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...he doesnt like the units for some reason....

I think you'll need to expand on the reason.  Do they look/smell like burnt toaster ovens?

 I think the reason is that they are technically not like he expected - now what he expected, dont ask me. They sure dont look anything special, but hey, they work

My USB Erupter GROUP BUY https://bitcointalk.org/index.php?topic=252180.0

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vdragon
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March 17, 2013, 12:28:40 AM
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Don't forget that BTC prices are highly volatile and that difficulty will continue to increase.

What makes $250 today might not do the same a month down the road.

 Next difficulty is in 10 days These 2 thing will make 14 btc/day, 140 btc in 10 days...

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March 17, 2013, 12:47:52 AM
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Don't forget that BTC prices are highly volatile and that difficulty will continue to increase.

What makes $250 today might not do the same a month down the road.

 Next difficulty is in 10 days These 2 thing will make 14 btc/day, 140 btc in 10 days...

I mean that as ASICs roll out, the mining difficulty will increase, making them less profitable long-term.

By all means, offer him what you feel comfortable, especially if he is a friend. But I would not rely too heavily on today's prices and difficulty to figure long term profit.

Maybe offer him 1% mined BTC? That way, if the unit does not work quite right, or it quits on you, it will seem fair. Just spitballing here Tongue

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March 17, 2013, 12:55:12 AM
 #10

Iunderstand your idea Smiley, but I am a man of a moment, much more impulsive. For me it was always important to break even, after that, I dont care that much Smiley. Someone said offer the original amount of BTC, I am trying to figure out how much was that. Anyone know when was exactly the first batch ordered?

My USB Erupter GROUP BUY https://bitcointalk.org/index.php?topic=252180.0

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March 17, 2013, 12:57:50 AM
 #11

~107 btc
vdragon
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March 17, 2013, 01:01:29 AM
 #12

Thanks, thats about 5000 usd. Will make an offer Smiley

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jgarzik
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March 17, 2013, 01:04:32 AM
 #13

For reference, my Avalon miner solo-mined two blocks in the past 24h (50 BTC + fees).

Statistically this was quite lucky, of course.

Or maybe your friend should sell them for nnnn BTC + a percentage of ongoing revenue for 1 year.


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March 17, 2013, 02:10:22 AM
 #14

For reference, my Avalon miner solo-mined two blocks in the past 24h (50 BTC + fees).

Statistically this was quite lucky, of course.

Or maybe your friend should sell them for nnnn BTC + a percentage of ongoing revenue for 1 year.



You mean 25BTC & fees?

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March 17, 2013, 02:17:26 AM
 #15

2 blocks is 50. That's pretty impressive, are you strictly solo mining now?

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March 17, 2013, 02:33:46 AM
 #16

For reference, my Avalon miner solo-mined two blocks in the past 24h (50 BTC + fees).

Statistically this was quite lucky, of course.

Or maybe your friend should sell them for nnnn BTC + a percentage of ongoing revenue for 1 year.



Are you solo-mining through your own pool software or directly to bitcoind?

I tried running solo to bitcoind for a while, but the lack of share activity made me wonder if anything was actually happening.  So I was a coward and stuck with pools.
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March 17, 2013, 02:36:46 AM
 #17

This guy said he'll pay $10k for one:

https://bitcointalk.org/index.php?topic=140519.0

You could offer $7.5k and try and flip it to that guy in an arbitrage deal.

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March 17, 2013, 03:35:56 AM
 #18

If he is truly your friend, make him your best offer, and then tell him to auction it on here for a week with your price as a reserve while it mines on your pool.

Ask him for 10% of whatever he gets above your price.

That's what I would do for a friend.

Now, if he's the kind of friend who snakes your girlfriend.  Just take whatever he asks and smile.
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March 17, 2013, 04:29:13 AM
 #19

I would offer him 10k each.  Wink
jgarzik
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March 17, 2013, 04:34:14 AM
 #20

2 blocks is 50. That's pretty impressive, are you strictly solo mining now?

Yes.

Are you solo-mining through your own pool software or directly to bitcoind?

bitcoind + eloipool.  cgminer does not support direct-mining to bitcoind.  It appears to work, but eventually HTTP problems and other oddness appears.

Luke-Jr's BFGMiner should support ASIC mining directly with bitcoind, but I think Luke-Jr is still looking for a volunteer to test BFGMiner + Avalon.


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