[Mining]Avalon Reselling and Hosting Plan

[HorseRider]

Our first dividend has been paid out:

https://blockchain.info/tx/7e27058ed397d15447a6493f31bf59a0fb1bed5e6023b1782731fc7fb909cba9

Balance   106.00000000
Total distribution   105.00000000
10% hashing fee   -10.50000000
Energy cost   -1.65245902
Net distribution   92.84754098
Exchange rate   610.00000000

[salihno71]

[wisard]

Thanks HorseRider!

It may be a good idea to upgrade the firmware - I read that new firmware increases the hashing rate by a big factor. Not sure if that was already done for us...

Also, any timeframe on OC testing? Would really love to make as many BTC as possible these first couple of months - as the difficulty is increasing insanely.

Thank you.

[ProfMac]

I received a module early this week.  The owner had it cross-shipped to me.  It was packaged very well, in a custom made plywood box.  All cables were included.  The pins on various plugs were protected with foam. 

[stallker99]

Our first dividend has been paid out:

https://blockchain.info/tx/7e27058ed397d15447a6493f31bf59a0fb1bed5e6023b1782731fc7fb909cba9

Balance   106.00000000
Total distribution   105.00000000
10% hashing fee   -10.50000000
Energy cost   -1.65245902
Net distribution   92.84754098
Exchange rate   610.00000000

Thank you very much HorseRider!!

[Tigggger]

I received a module early this week.  The owner had it cross-shipped to me.  It was packaged very well, in a custom made plywood box.  All cables were included.  The pins on various plugs were protected with foam. 

Confirming I received my unit last week, as above HorseRider had repackaged into a wooden crate for safe transport which was appreciated.

[qwk]

Today I finally received my 4-module Avalon. Customs as well as DHL really screwed me bad this time 

But now I have another 100 GH/s at hand and I'm happy.

Thanks HorseRider! 

[HorseRider]

dividend paid.

https://blockchain.info/zh-cn/tx/dbe66f2adddcf2d9ff95f352e7ae3816dc648ceb71ca241dd0f4b119ceeb3db3

Date   2013/8/16
Balance   80.99499998
Total distribution   80.00000000
10% hashing fee   -8.00000000
Energy cost   -3.90600000
Net distribution   68.09400000
Exchange rate   660.00000000

[HorseRider]

dividend paid.

https://blockchain.info/tx/2a7ecab0c0b1e027ef77c77e7586942b0032b4fce54da3444ef8e77e5e52f751

[wisard]

Any update for last weeks dividends?

[HorseRider]

Any update for last weeks dividends?

https://blockchain.info/tx/09e18360f63422ce06fdc60ff3d0dfb012368822a636b61a2a259d149d6ceef7

paid.

[wisard]

Any update?

[HorseRider]

Any update?

wisard, mining is ongoing. But the mining revenue is less and less, and I am quite busy. So I pay the dividend less regularly. But the mined coin will continue to be paid out by the mining pool to the address. We all know that all the Batch 3 customers cannot make their money back by mining, and I am preparing a gift for my group buy customers.(Please do not see this as a promise, I am only trying.)

[wisard]

Thank you.

I can be patient. Just looking for communication when delays occur.  Thanks.

[ebloo]

Thank you for your efforts HorseRider, this would be much appreciated as we have only recovered about a 1/3 of our investment (strictly in bitcoins), which is a major disappointment, to say the least...

[elduce]

1 module mined ~0.3btc in last 20 days, shitload, yeah.. Do you really think that with daily payouts of 0.015 btc you'd be more happy?

[ocbitcoin]

If the Avalon people had the same ethics and honor as HorseRider, we'd be celebrating our prosperity right now.

[Tigggger]

If the Avalon people had the same ethics and honor as HorseRider, we'd be celebrating our prosperity right now.

Are you being sarcastic ?

Although avalon messed up, the people invloved in this group buy have lost a fortune because HorseRider without consultation chose NOT to accept the refund that avalon offered.

[ocbitcoin]

OK your points are well-taken.

I'll share some facts.

When it came time for the decision, HR strongly recommended that we take the refund and I was leaning towards going forward with taking delivery. In the end, I said I would go with whatever he decided. But my understanding that the final reason not to take the refund was the worry that the refund would not come. Did those who requested refund actually GET refunds?

As for the delay in payouts, I get your point. To me it doesn't matter as BTC "cash-flow" is not the issue, but final eventual payout is the issue.

We got screwed by Avalon.

[salihno71]

Although avalon messed up, the people invloved in this group buy have lost a fortune because HorseRider without consultation chose NOT to accept the refund that avalon offered.

I think he suffered most of the whole group since most of the Avalons are his if i'm not mistaken. And generally we as a group are no exception from any other batch 3 buyer. One man's loss is another man's gain proved painfully true in our case. Considering the amount of people and BTC's involved in the batch 3 delay i'm surprised that no one has sued Yifu yet.

My opinion is that it would be good to come to some sort of agreement about the dividend payment frequency. The way i see it we have two options (beside current):

1. periodic payouts - weekly/biweekly/monthly payments
2. payments when a certain amount is reached - when x BTC threshold is reached, dividend is payed.

In this way it would be more or less clear when we can expect coins. Please feel free to add any better option than two above if you have one.