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flound1129 (OP)
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March 25, 2013, 04:38:20 AM |
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Avalon just sent out a newsletter... Something is happening with Batch #3 tomorrow morning at 8:30 EST.
They've also updated the pricing for Batch #3 on their website: 75 Bitcoins.
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Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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lukestokes
Full Member
 Offline
Activity: 165
Merit: 102
Live life on purpose
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March 25, 2013, 04:46:50 AM |
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Just hit their website and it says "from ฿88.00" I was considering getting into mining, but at that price... dang. Not as interested right now. But, according to this, I could break even in about 19 days (assuming I had one today). Who knows what the difficulty will be by the time they ship though. |
http://www.foxycart.com: Helping developers create flexible, powerful, custom ecommerce in less time, while equipping merchants with the fastest checkout flow available to their customers. 60+ payment gateways, including Bitpay. Bitrated user: lukestokes.
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ssateneth
Legendary
Offline
Activity: 1344
Merit: 1004
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March 25, 2013, 04:47:28 AM |
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Why the hell is it so expensive?  |
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robamichael
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March 25, 2013, 04:57:20 AM |
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Why the hell is it so expensive? It is a money making machine. Ever wonder what a money printing press would cost on the black market? |
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creativex
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March 25, 2013, 05:09:11 AM |
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Why the hell is it so expensive? On to batch three, we at Avalon did not even wish to sell another batch. If you recall, our original plan was to produce only one batch, sell chips to thwart the centralization of mining, but due to the lackluster performance of our competitors we are here today as the exact centralization we tried to decouple. IOW BFL + bASIC  |
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Phil.Collins
Newbie
Offline
Activity: 11
Merit: 0
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March 25, 2013, 09:36:11 AM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
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Wassupia
Member
Offline
Activity: 106
Merit: 10
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March 25, 2013, 12:28:05 PM
Last edit: March 25, 2013, 12:47:37 PM by Wassupia |
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Fuck I had 52 BTC ready to buy the avalon, I really wanted to buy  By the time I got some more it'll probably be sold out. EDIT: already sold out, I waited so long for this |
My BTC-address: 1JtgnB6UC5j9gMYzLftVaCmwdPL4PrWeYB
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ryantc
Sr. Member
Offline
Activity: 329
Merit: 250
Bitcoin may be the TCP/IP of money.
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March 25, 2013, 02:33:34 PM |
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Why the hell is it so expensive? A typical monopoly ATM, so they charge whatever they want. |
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flound1129 (OP)
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March 25, 2013, 03:28:01 PM |
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Fuck I had 52 BTC ready to buy the avalon, I really wanted to buy By the time I got some more it'll probably be sold out. EDIT: already sold out, I waited so long for this They're not sold out, batch #3 hasn't opened yet. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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MiningBuddy
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March 25, 2013, 03:30:17 PM |
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Fuck I had 52 BTC ready to buy the avalon, I really wanted to buy By the time I got some more it'll probably be sold out. EDIT: already sold out, I waited so long for this They're not sold out, batch #3 hasn't opened yet. Batch 3 opened about 3 hours ago and is now all sold out! |
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flound1129 (OP)
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March 25, 2013, 04:20:41 PM |
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Fuck I had 52 BTC ready to buy the avalon, I really wanted to buy By the time I got some more it'll probably be sold out. EDIT: already sold out, I waited so long for this They're not sold out, batch #3 hasn't opened yet. Batch 3 opened about 3 hours ago and is now all sold out! actually it looks like there are a few more left, but the price has gone up to over 100 BTC |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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crazyates
Legendary
Offline
Activity: 952
Merit: 1000
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March 25, 2013, 05:27:40 PM |
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actually it looks like there are a few more left, but the price has gone up to over 100 BTC
100BTC buys you 1 Avalon for a total of 68GH/s. 100BTC buys you 5 BFL for a total of 300GH/s. Which one will earn more BTC by this time next year? |
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creativex
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March 25, 2013, 05:33:37 PM |
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actually it looks like there are a few more left, but the price has gone up to over 100 BTC
100BTC buys you 1 Avalon for a total of 68GH/s. 100BTC buys you 5 BFL for a total of 300GH/s. Which one will earn more BTC by this time next year? Math fail. 101BTC buys you 1 Avalon(with ATX) for a total of 85GH/s.100BTC buys you 5 BFL pre-orders for a total of 0GH/s. Easy decision. Buy vaporware from scammers or buy a real shipping product from the pros. If BFL or BTCFPGA had been able to pull their thumbs out of their posteriors for even a couple months and ship something rather than the constant lies then Avalon would not have had the pricing power they do. The question is silly anyway because an order with BFL would not be delivered for many months even if they were shipping now, which they are not. By that time an order placed with Avalon could conceivably have been delivered and have paid for itself already. |
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jade087
Newbie
Offline
Activity: 36
Merit: 0
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March 25, 2013, 08:47:53 PM |
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Ergh. Don't forget that if the cost of entry is too high then Bitcoin is going to lose value. It's not healthy or secure for mining power to be in few hands.
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dropt
Legendary
Offline
Activity: 1512
Merit: 1000
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March 25, 2013, 09:17:02 PM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
You've got to think of it in BTC, not USD. Batch 1 was like ~125BTC, Batch 2 was ~77 BTC, Batch 3 ~ 75BTC. They're getting cheaper. You're paying BTC to mine BTC to use in a BTC economy. Don't value the BTC as USD and it's not a problem. |
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zvs
Legendary
Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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March 26, 2013, 07:52:07 PM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
You've got to think of it in BTC, not USD. Batch 1 was like ~125BTC, Batch 2 was ~77 BTC, Batch 3 ~ 75BTC. They're getting cheaper. You're paying BTC to mine BTC to use in a BTC economy. Don't value the BTC as USD and it's not a problem. yah, but the BTC economy isn't north korea how about i sell you one of my 5830's for 5 btc? that's cheaper than they were 6 months ago |
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creativex
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March 26, 2013, 09:10:08 PM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
You've got to think of it in BTC, not USD. Batch 1 was like ~125BTC, Batch 2 was ~77 BTC, Batch 3 ~ 75BTC. They're getting cheaper. You're paying BTC to mine BTC to use in a BTC economy. Don't value the BTC as USD and it's not a problem. yah, but the BTC economy isn't north korea how about i sell you one of my 5830's for 5 btc? that's cheaper than they were 6 months ago Where your argument fails is that anyone can buy a vastly superior spankin' new GPU that whoops a 5830 for 4BTC. See? https://www.bitcoinstore.com/advancedsearch/result/?q=radeon+7950Not so much with the ASIC mining unit competition. |
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zvs
Legendary
Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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March 27, 2013, 06:21:33 AM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
You've got to think of it in BTC, not USD. Batch 1 was like ~125BTC, Batch 2 was ~77 BTC, Batch 3 ~ 75BTC. They're getting cheaper. You're paying BTC to mine BTC to use in a BTC economy. Don't value the BTC as USD and it's not a problem. yah, but the BTC economy isn't north korea how about i sell you one of my 5830's for 5 btc? that's cheaper than they were 6 months ago Where your argument fails is that anyone can buy a vastly superior spankin' new GPU that whoops a 5830 for 4BTC. See? https://www.bitcoinstore.com/advancedsearch/result/?q=radeon+7950Not so much with the ASIC mining unit competition. How does competition or lack thereof make my argument fail? The original poster stated that something was getting cheaper because it cost less bitcoins, ignoring their intrinsic value. I will buy some new 7950's and sell them to you for 3.9BTC, as the price people are willing to pay for BTC is $85 at the moment. They can be found retail at $275. |
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flound1129 (OP)
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March 27, 2013, 06:32:24 AM |
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The pricing seems to have increased dramatically compared to the 1st and 2nd batches. 1200, 1500, and currently ~5300+. It seems to be a very large jump, but if you have had the coin, then you can justify the cost.
You've got to think of it in BTC, not USD. Batch 1 was like ~125BTC, Batch 2 was ~77 BTC, Batch 3 ~ 75BTC. They're getting cheaper. You're paying BTC to mine BTC to use in a BTC economy. Don't value the BTC as USD and it's not a problem. If you don't already have the BTC you kinda have to value it in fiat. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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