[Group Buy] Avalon ASIC Batch 3 [CLOSED- Seven 4 module Avalons ordered]

[CoinHoarder]

Do you not have enough BTC to buy a batch 3 Avalon, or are you not willing to risk 75 BTC on a pre-order?

Well... me either, pre-orders for Avalon Batch #3 open tomorrow morning and will likely sell out quickly.

I am offering to collect funds to represent a group of investors here at Bitcointalk.org to buy a batch 3 Avalon ASIC. Read the following terms carefully before investing with me. You are basically buying a piece of an Avalon ASIC that I will host myself for a small fee.

Why you should trust me? I am just your average crypto coin enthusiast that really wants to get an ASIC he cannot afford at the moment. I figure there are a lot of people in the same boat as I am, so there might be enough people interested to make this happen. I am in good standing in the community here on Bitcointalk.org. I have traded, bought, and sold over $10,000 of computer equipment with many users here on the forums with absolutely no problems. I am as trustworthy as they come, all I want is to provide a service for people that can't afford Avalons.

Terms:

• Dividends will be payed monthly to the Bitcoin address you send your original investment with. (Make sure you can both send and receive Bitcoins from this address!!)
• Before dividends are divided up and payed, electricity costs (~.12 Kwh), a 3% hosting fee, and the pool's fee (yet to be determined) will be taken out of the net profits.

• Shipping costs will be taken out of the first dividend payment.

• Dividends will be paid proportionally according to each investors initial investment [investing 1 BTC in a 75 BTC ASIC gets you 1/75 of the profits (after subtracting electricity costs and a 3% hosting fee).]
• If there's not enough Bitcoins collected to buy an Avalon ASIC, then all funds will be immediately refunded to the address with which they were sent.
• If I collect enough funds for more than one Avalon, then I will purchase however many the group fund can afford.
• Any left over funds collected will be refunded to the last investors in line. Unfortunately, those investors left out will not receive any portion of dividends (for the amount they were refunded), but nonetheless will be refunded 100%.
• I will use this thread to keep investors updated for now, until a better solution is determined in the near future.

How to invest:

• Minimum investment is 1 Bitcoin
• Send your investment to 1QHZohmAdip28TM7U6KsyRXUrbvRvadtZB
• Reply with the Bitcoin address you are sending from and the total amount you are investing.
• I will confirm in the OP that you have payed and reserved your shares in the group buy.

Reply ITT or PM me with any questions. Ordering for Batch 3 opens in only about 7 hours, so if you are interested send your coins in ASAP![/list]

EDIT: Lowered hosting fee to 3%

EDIT: The group buy has now been completed.
Account ledger of the fund raising and buying of Avalons: https://www.dropbox.com/s/i4y39igtaq722pd/Avalon%20Group%20Buy%20Investment%20Transactions.xlsx
Ownership percentages and projected earnings: https://www.dropbox.com/s/7b7omfd7hrbk9gs/Ownership%20Percentages%20%26%20Profit%20Projections.xls

Latest News:
5/5 - https://bitcointalk.org/index.php?topic=157930.msg2042092#msg2042092
4/12 - https://bitcointalk.org/index.php?topic=157930.msg1814990#msg1814990
3/31 - https://bitcointalk.org/index.php?topic=157930.msg1708118#msg1708118
3/31 - https://bitcointalk.org/index.php?topic=157930.msg1707790#msg1707790
3/30 - https://bitcointalk.org/index.php?topic=157930.msg1702759#msg1702759
3/29 - https://bitcointalk.org/index.php?topic=157930.msg1698379#msg1698379

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[CoinHoarder]

(List of investors was outdated... see current excel sheet.)

[cycloid]

Im down for 60 BTC

Lets get this done.


Confirmation of transaction:
"CoinHoarder: cycloid, yep got it.. 63.1265 BTC"

[CoinHoarder]

Im down for 60btc.

Lets get this done.

Awesome Cycloid- received!

Thanks for trusting me, hopefully this will get the ball running!

The list of investors has been updated- c'mon people, let's buy an ASIC!  

[cycloid]

Lets make some BTC 

[ibminer]

PM sent

[mpjetta]

I just sent 5 BTC and a PM too.

Stupid question, how do I see my 'sending address' for a transaction in a regular bitcoin qt client?

[The-Real-Link]

PM sent regarding 1 BTC.

[CoinHoarder]

Everyone... PLEASE reply in here with the bitcoin address you paid with, or the transaction ID. ALSO, an address you would like your dividends sent to.

I am getting a lot of random BTCs that I'm not sure where they came from, PM me or reply here if you have sent in funds but are not listed on the list of investors and I'll get it straightened out. Thanks!

[The-Real-Link]

  Thanks for messaging back via PM.

  Messaged the TX ID and receiving address so I think you should be set with me, thanks.

  So a Batch #3 machine is a 75 BTC unit for ~66 GH/sec, correct?

[CoinHoarder]

  Thanks for messaging back via PM.

  Messaged the TX ID and receiving address so I think you should be set with me, thanks.

Yep, you're good.

I still have a few transactions that I'm not sure who they came from or an address you'd like dividends/refunds. IF your name is not on the list of investors but you sent in funds, PM me the transaction info.

[ibminer]

I just PM'd TX ID and receiving address... 4BTC

[The-Real-Link]

Cool, thank you!

[mpjetta]

Nice, looks like we are working on unit #2.

[CoinHoarder]

Nice, looks like we are working on unit #2.

Yes sir. Working on an upgrade to a 4th module and/or a 2nd unit!

[rm187]

Sent 2.5 from my main 124vXxcUedPF9QjSmzSQoM5oEnsSV9z9Qu and some other accts? idk how this works when the btc are split between my diff address.

but i pray my btc is in good hands.

[CoinHoarder]

Sent 2.5 from my main 124vXxcUedPF9QjSmzSQoM5oEnsSV9z9Qu and some other accts? idk how this works but i pray my btc is in good hands.

Got it, thanks for following the procedure  .. I still have some deposits that I don't know whose they are...

[jargoman]

I sent 1 btc from my account at btc-e, I don't know how to verify this, my deposit address at that site is 1K255xkg8UqRpBWPH74n3teCqYLQqJw4E9 but I would rather my dividends paid to my wallet address 1L7Wx1DWeztKtXGjifFvZQrLKT5ky7JD1q. Pm me if you need more info. Hopefully this works out for everyone.

[CoinHoarder]

I sent 1 btc from my account at btc-e, I don't know how to verify this, my deposit address at that site is 1K255xkg8UqRpBWPH74n3teCqYLQqJw4E9 but I would rather my dividends paid to my wallet address 1L7Wx1DWeztKtXGjifFvZQrLKT5ky7JD1q. Pm me if you need more info. Hopefully this works out for everyone.

PM'ed

[CoinHoarder]

(See spreadsheets at the bottom of the OP)