Avalon A7 announced

[bdog1234]

Hopefully everyone cancels their order. Would serve them right. If bitcoin ever completely fails I will be pissed about my losses but Canaan and bitmain folding would make me smile.

[PeaMine]

With the current price and insane difficulty spike(20%+), it would not be a bad bet for those who bought in at a high price to hold and hope for a rebound in price, than to invest in SHA256 miners, especially given the recent delays.
I already gave up on the order after the drop from 5k to 3600, now I'm in pure holding mode.  I might even buy some more coins, I knew it was a bubble but didn't expect it to get this low after the pop.
Not to mention the ICO laws in China have most likely shaken investors for a while, but they will be back.
Hard call personally, but feel bad spending at such a low price now, on miners with a 20%+ difficulty spike coming.

[philipma1957]

With the current price and insane difficulty spike(20%+), it would not be a bad bet for those who bought in at a high price to hold and hope for a rebound in price, than to invest in SHA256 miners, especially given the recent delays.
I already gave up on the order after the drop from 5k to 3600, now I'm in pure holding mode.  I might even buy some more coins, I knew it was a bubble but didn't expect it to get this low after the pop.
Not to mention the ICO laws in China have most likely shaken investors for a while, but they will be back.
Hard call personally, but feel bad spending at such a low price now, on miners with a 20%+ difficulty spike coming.

well that spike  could be very good for BCC

so I think  we are seeing a directed attack against BTC  to boost BCC

this is may be a killing of the goose that lays gold eggs (BTC)  and replacing it with a chicken that lays 12 carat gold eggs (BCC/BCH)

If they bill me for 1 avalon 741 from my 8/31/2017 order I would buy the coin from coinbase at the cheap price and pay for the miner

[Thetaj]

It doesn't work like that Phil, and you know it as well as I do. The difficulty increase on BTC will make us have to switch to BCC, which will then cause BCC to adjust diff within 2-3 days like last time. But unlike last time, the buy orders for BCC will be extremely thin. This will ofcourse force down the price of BCC to a lower level like it did last time. After that, Everyone will be back to BTC again, it may oscillate 2-3 times, and some of us may make a decent amount of profits. But the underlying long term effect will still be that massive difficulty Spike. With continued downward pressure on the market, People who have the cheapest miners and the cheapest electricity will be able to weather out this storm. The rest will have to fold, either hold on to their Asics and wait for the price of Bitcoin to become profittable again or Mine at an extremely low margin when compared to the price of Electricity.

Having said that, I was inspired by your thread and am actually thinking of buying some solar to subsidize my electricity costs, although it is already pretty damn low.

Damn, Mining ain't easy.

[Logan4el]

I think Canaan has helped us to avoid troubles by delaying dispatching of our orders. We should stop complainting. Now we are aware of the BTC drop and huge difficulty rise so we can avoid such a bad investments in 741.

[leowonderful]

It doesn't work like that Phil, and you know it as well as I do. The difficulty increase on BTC will make us have to switch to BCC, which will then cause BCC to adjust diff within 2-3 days like last time. But unlike last time, the buy orders for BCC will be extremely thin. This will ofcourse force down the price of BCC to a lower level like it did last time. After that, Everyone will be back to BTC again, it may oscillate 2-3 times, and some of us may make a decent amount of profits. But the underlying long term effect will still be that massive difficulty Spike. With continued downward pressure on the market, People who have the cheapest miners and the cheapest electricity will be able to weather out this storm. The rest will have to fold, either hold on to their Asics and wait for the price of Bitcoin to become profittable again or Mine at an extremely low margin when compared to the price of Electricity.

Having said that, I was inspired by your thread and am actually thinking of buying some solar to subsidize my electricity costs, although it is already pretty damn low.

Damn, Mining ain't easy.

The same thing happened early on with the S7s and S5s- everyone feared with difficulty and the low coin price of the time there was little profit to be found at all. That, of course, turned out untrue but true miners weather the storm and turn out ok. We'll see if that's true this time. I definitely don't like the negative feedback loop with BCC though.

[Snow_Dragon]

Still nothing for me either. But China is ending all of its exchanges and ICO's so the market is going to drop alot. The govern. over there is cracking down on BTC. So for me personally i will be cancelling my order regardless. If it continues on and gets stronger then good for BTC but that move has placed BTC in my eyes as a bigger risk and not worth buying new gear in my book.

[Didley1JT]

Still nothing for me either. But China is ending all of its exchanges and ICO's so the market is going to drop alot. The govern. over there is cracking down on BTC. So for me personally i will be cancelling my order regardless. If it continues on and gets stronger then good for BTC but that move has placed BTC in my eyes as a bigger risk and not worth buying new gear in my book.

It's CHINA.... what do you expect? And they didn't ban BTC; they banned exchanges they cannot control. You're still able to use OTC services to buy/sell bitcoin over there; it's just easier for them to now control. You don't see any of the miner companies shutting down do you?

BTC is doing what it was supposed to do if governments and central banks start moving against it.

And look at the growth during the last month. There was zero reason why the prices would move up that much and hold. So a natural adjustment was coming and the move from China just sped it up...

Personally, I am hoping this lowers the price of miners and makes the more available.

And with the price dropping and mining becoming less profitable, I would expect the hash rate to drop and then the difficulty... I'll take this time to try and get set up. So, by all means... please cancel your order. Especially if you're ahead of me in line

[ZedZedNova]

Still nothing for me either. But China is ending all of its exchanges and ICO's so the market is going to drop alot. The govern. over there is cracking down on BTC. So for me personally i will be cancelling my order regardless. If it continues on and gets stronger then good for BTC but that move has placed BTC in my eyes as a bigger risk and not worth buying new gear in my book.

This is not the first time that the Chinese government has moved to restrict BTC, nor do I believe it will be the last. Each time it has happened the BTC market has recovered and gone on to set new highs.

On Topic, I am waiting for Giga Watt to get Canaan Avalon miners on their "approved" list, i.e.: I order from Giga Watt and Giga Watt orders from Canaan, so I can jump on the Canaan BTC miner wagon. Either that or the next new Canaan miner makes an appearance, and I try to get one of those. 

[Thetaj]

It doesn't work like that Phil, and you know it as well as I do. The difficulty increase on BTC will make us have to switch to BCC, which will then cause BCC to adjust diff within 2-3 days like last time. But unlike last time, the buy orders for BCC will be extremely thin. This will ofcourse force down the price of BCC to a lower level like it did last time. After that, Everyone will be back to BTC again, it may oscillate 2-3 times, and some of us may make a decent amount of profits. But the underlying long term effect will still be that massive difficulty Spike. With continued downward pressure on the market, People who have the cheapest miners and the cheapest electricity will be able to weather out this storm. The rest will have to fold, either hold on to their Asics and wait for the price of Bitcoin to become profittable again or Mine at an extremely low margin when compared to the price of Electricity.

Having said that, I was inspired by your thread and am actually thinking of buying some solar to subsidize my electricity costs, although it is already pretty damn low.

Damn, Mining ain't easy.

The same thing happened early on with the S7s and S5s- everyone feared with difficulty and the low coin price of the time there was little profit to be found at all. That, of course, turned out untrue but true miners weather the storm and turn out ok. We'll see if that's true this time. I definitely don't like the negative feedback loop with BCC though.

I have to disagree, back then there was room for growth. Now there is still room, but the risk is higher. Not only that, but Miners with less efficiency than the S9s will weather the storm far worse than the S9s. Bitmain has sent a message with the newest batch of autotunes that they are willing to dump the price for any reason to kill their competitors. I bought around 20 13.5 for 1.1k each. That is pretty much almost twice the hash power as the 741 with only 45% power consumption. The new batch all came fine and non of them had problems either.

Although it is still very true that Bitmain's RMA service is shit and Canaan is way better in that regard, their miner cannot hope to fight the long battle with the S9s unless you got the 741s for about 600 bucks

[jonlorusso]

https://twitter.com/canaanio/status/908523287218671616

Official Canaan Distributor Opens Sept 18th For Pre Orders
(link: https://miner-warez.myshopify.com) miner-warez.myshopify.com
(link: https://canaan.io) canaan.io

I suppose we'll have to reorder?

[Logan4el]

https://twitter.com/canaanio/status/908523287218671616

Official Canaan Distributor Opens Sept 18th For Pre Orders
(link: https://miner-warez.myshopify.com) miner-warez.myshopify.com
(link: https://canaan.io) canaan.io

I suppose we'll have to reorder?

Shipping backlog orders starts Sept 20-30

[Steamtyme]

https://twitter.com/canaanio/status/908523287218671616

Official Canaan Distributor Opens Sept 18th For Pre Orders
(link: https://miner-warez.myshopify.com) miner-warez.myshopify.com
(link: https://canaan.io) canaan.io

I suppose we'll have to reorder?

Shipping backlog orders starts Sept 20-30

I would assume that only helps people who paid for the order, I haven't heard of anyone on here who got an address. It's tough waiting with such small amounts of information being released.

[Logan4el]

https://twitter.com/canaanio/status/908523287218671616

Official Canaan Distributor Opens Sept 18th For Pre Orders
(link: https://miner-warez.myshopify.com) miner-warez.myshopify.com
(link: https://canaan.io) canaan.io

I suppose we'll have to reorder?

Shipping backlog orders starts Sept 20-30

I would assume that only helps people who paid for the order, I haven't heard of anyone on here who got an address. It's tough waiting with such small amounts of information being released.

I think no money will be taken from customers while asics are out of stock.

[Steamtyme]

Hi just aheads up that their distributor website went live.  It looks like they have some used units gor sale as well. You can also paypal for payment. There is a Btc option as well.
If you want to order you should probably check it out fast, looks like the controllers have sold out.

No major mark up, but you will pay shipping.

[freegeek]

Hi just aheads up that their distributor website went live.  It looks like they have some used units gor sale as well. You can also paypal for payment. There is a Btc option as well.
If you want to order you should probably check it out fast, looks like the controllers have sold out.

No major mark up, but you will pay shipping.

I will wait until the first reviews come in from the early adopters, if the whole buying process is the same mess as directly from Canaan then it doesn't make a whole lot of sense. At least there is a credit card / paypal option, that's already something.

[goose1072]

I still would like to know if the orders placed on Aug 31st are valid?
I would rather have the free shipping that was promised on the 31st...

[Steamtyme]

I agree with all that. All I know is they let you pay as soon as you place the order and you immediately get email confirmation. As far as the shipping receiving process time will tell.

I still would like to know if the orders placed on Aug 31st are valid?
I would rather have the free shipping that was promised on the 31st...

Yeah the free shipping would have been nice, it's sort of a kick in the teeth, I didn't feel like waiting on the unknown timeline with Canaan.

[roserbezov]

OMG!!! 

When you try to checkout, they have pretty short list of supported contries for delivery:

United States
Canada
Hungary
Germany
----------
Argentina
Brazil
Canada
Germany
Hungary
Japan
Mexico
South Africa
U.S. Outlying Islands
United Kingdom
United States

What a reseller they are if they support deliveries to only 1/3 of the world?!
What a shame...

[andytranter]

I've ordered one from the reseller, even if it is a little bit more expensive, I don't think they can be any worse that Canaan! Fingers crossed!