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Author Topic: The latest Avalon announcement in China(Translated). Batch #3, price and more.  (Read 36239 times)
Minor Miner
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March 20, 2013, 06:09:42 PM
 #61

...
Asking for a price in btc, ok. Thats the idea of btc. Asking for a huge amount basing it on expected ROI is absurd. Bitcoin value could crash tomorrow.

Actually, asking for 88 BTC doesn't change the fact that you would make your 88 BTC back in a few months, given that there is no consumer based competition with a working product. If BTC price crashes, then the 88 BTC you mined with the device is just worth less.  

Now here's the real question, if BTC value goes down to $10 two days after they start accepting batch 3 preorders, are they going to honor the 88 BTC price, or have a sudden change of heart and start charging $1500 again? At some point, merchants are going to need to list their products in static BTC prices to stabilize the currency. I don't think that time is now, but you can't blame them for trying. A high static BTC price at this point is going to devalue BTC and possibly start driving the exchange rate down.

I still think they are going to sell out though, barring some really good news from BFL this week.

The only problem with your analysis is that for it to apply to me (or anyone else), you must have the 88 BTC.  If you use EU or USD to buy the 88 BTC, then the vol really does matter to the people and they have FX risk.

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March 20, 2013, 06:14:46 PM
 #62

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Asking for a price in btc, ok. Thats the idea of btc. Asking for a huge amount basing it on expected ROI is absurd. Bitcoin value could crash tomorrow.

Actually, asking for 88 BTC doesn't change the fact that you would make your 88 BTC back in a few months, given that there is no consumer based competition with a working product. If BTC price crashes, then the 88 BTC you mined with the device is just worth less.  

Now here's the real question, if BTC value goes down to $10 two days after they start accepting batch 3 preorders, are they going to honor the 88 BTC price, or have a sudden change of heart and start charging $1500 again? At some point, merchants are going to need to list their products in static BTC prices to stabilize the currency. I don't think that time is now, but you can't blame them for trying. A high static BTC price at this point is going to devalue BTC and possibly start driving the exchange rate down.

I still think they are going to sell out though, barring some really good news from BFL this week.

The only problem with your analysis is that for it to apply to me (or anyone else), you must have the 88 BTC.  If you use EU or USD to buy the 88 BTC, then the vol really does matter to the people and they have FX risk.

What if BTC value goes down to $10 tomorrow and you buy 88 coins for $880? Assuming Avalon would still sell for 88 BTC(they wouldn't), it wouldn't change the fact that you are going to mine those 88 BTC back in a few months with the device. If you believe BTC value is going to keep going up, it's a no-brainer to buy.

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March 20, 2013, 06:17:01 PM
 #63

For $5+ grand, I might as well get suckered into BFL and buy two (2) 60GHs units for less than 3 grand for a total hashing powah of 120+ "
(supposedly) GHs.  Both brand would probably (wishful thinking) ship around the same time.  Dubya tee ef?

I think Avalon are taking advantage of BS Labs lack of info on their status and failure to provide their units on time.  This my friend, is the epitome of what "Time is money" truly means.
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March 20, 2013, 06:22:29 PM
 #64

or you can 4 unit for 240 GH of power for the same price of one avalon
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March 20, 2013, 06:24:24 PM
 #65

coin is 60 dollar now so one avalon = 4 BFL single SC
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March 20, 2013, 06:26:33 PM
 #66

I sometimes wonder if it's people needing BTC to buy Avalons that is driving the price of BTC higher!  Cheesy

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March 20, 2013, 06:31:23 PM
 #67

maybe that post is a fake, as i stated i see nothing on their site reflecting that forum post on the other forum OP posted.

for 5k you can get alot of FGPAs, maybe with their power usage it may even be realistic?

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March 20, 2013, 06:34:38 PM
 #68

haha  I was thinking the same way too
88 coin per unit
600 unit for sale = 52800 coin

60 dollar a coin  = $3168000

that is 3 million dollar pumping to the market, even some of the buyer already some coin in their wallet so let say half of that 3 millions going to the market today, it will drive the BTC price up for sure.

If this is correct, that also mean after the avalon sale is over and people do not need to buy BTC to purchase avalon any more and BTC price WILL drop

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March 20, 2013, 06:36:01 PM
 #69

maybe that post is a fake, as i stated i see nothing on their site reflecting that forum post on the other forum OP posted.

for 5k you can get alot of FGPAs, maybe with their power usage it may even be realistic?

OK Now we will need to verify that asking price once for all
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March 20, 2013, 06:40:19 PM
 #70


I would not want to shell out $6K+ and get into this with no tech support:

https://bitcointalk.org/index.php?topic=155455.0

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My reputation thread: https://bitcointalk.org/index.php?topic=183806.0
Shibaji's Your Man In USA Service: https://bitcointalk.org/index.php?topic=191303.msg1980889#msg1980889
cyberzac
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March 20, 2013, 06:43:56 PM
 #71

About the not received batch #1 units. Whats the ratio between received and non received units?
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March 20, 2013, 06:45:21 PM
 #72

Interesting to me how many people keep rehashing the (important) points above, but it has mostly been said so i wont add on, howevere no one has touched on the question of payment processing.

Avalon set up with a payment processor, I imagine because they were woefully unprepared and unable to properly handle massive order processing (resulting in "shipping" delays). However they are dissatisfied with whatever hassles usd brings to a Chinese business (and the fact they probably missed out on 1M+ dollars they would have accrued from rising btc value ), and pricing in btc. This means they are skipping a payment processor it seems? On a new batch that is equal in size to both previous batches combined, and with a price point virtually guaranteeing no large single orders, without having even started pushing out the second batch (and maybe not even batch 1? Most still haven't received anything).

To say that things poor would be an understatement. Perhaps they will use some of that capital to hire staff? That would be interesting. Hopefully they will touch on that before the presage goes up.
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March 20, 2013, 06:54:49 PM
 #73


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

BTC: 1G4FWK6U3qQb2ikgdcYZovLzyQ7xmWotBP  LTC: LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y  DVC: 1EKz74j7xNBYunJ77wQVD8DE843PwZaRFF
My reputation thread: https://bitcointalk.org/index.php?topic=183806.0
Shibaji's Your Man In USA Service: https://bitcointalk.org/index.php?topic=191303.msg1980889#msg1980889
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March 20, 2013, 06:55:51 PM
 #74


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

me too OR BFL ship there shit
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March 20, 2013, 07:06:48 PM
 #75


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. 

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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March 20, 2013, 07:07:16 PM
 #76

To say that things poor would be an understatement. Perhaps they will use some of that capital to hire staff? That would be interesting. Hopefully they will touch on that before the presage goes up.
I guess that part of the capital will go into developing a 28nm asic to compete 6 months from now.

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Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
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March 20, 2013, 07:36:39 PM
 #77


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

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March 20, 2013, 07:38:45 PM
 #78


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. 

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, after raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

Explains the communication regarding batch 1 shipping.
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March 20, 2013, 07:42:50 PM
 #79


I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

I assume that was the feeling.   Many are finding out what happens when you deal with a principled business person.   I was "really?" at first, but then after thinking about it, it didn't seem bad.   With a ROI of 6-12 months, you know they will keep the gear on the network for that time, keeps it just the much more secure.   Hope people are looking at other motives than just profits.

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March 20, 2013, 07:44:11 PM
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I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

Like I said, I really wish the BTC to crash once you have your ordering started - will see where your lecture goes.

BTC: 1G4FWK6U3qQb2ikgdcYZovLzyQ7xmWotBP  LTC: LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y  DVC: 1EKz74j7xNBYunJ77wQVD8DE843PwZaRFF
My reputation thread: https://bitcointalk.org/index.php?topic=183806.0
Shibaji's Your Man In USA Service: https://bitcointalk.org/index.php?topic=191303.msg1980889#msg1980889
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