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Author Topic: [Group Buy] Avalon ASICs Batch #4 (Planning)  (Read 12733 times)
ragingazn628
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April 08, 2013, 06:35:30 PM
 #1

Are you a newcomer to Cryptocurreny? Don't have enough BTC to pre-order an Asics Machine? Don't like taking such a huge risk?

Well... I have been in the bitcoin game but recently cashed out when it was $94/BTC. I only have 17 coins left. Assuming there will be another Batch for Avalon, I am looking for people to chip in. I will personally use my remaining 17 coins for this batch. I am looking for people similar to my situation (not enough BTC or don't want to take such a big risk).

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 have been around these forums and have a good standing with the community. I have traded over $15,000 worth of bitcoins (I can provide proof). With newer technology (ASICs) my graphics card miners don't seem to put a dent in the harder difficulty and I can no longer afford to rebuy my sold bitcoins to have enough for an ASICs machine so I'm sure most people are on the same boat.

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:

Please note: You do NOT have to send any BTC right now. I would prefer it if you send it a week before pre-order date (if any lol)

  • Minimum investment is 1 Bitcoin
  • Send your investment to (removed for now since we're just planning this)
  • 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.

People who are interested:
  • 17 BTC - Me
  • 10 BTC - rttnpig
  • 1  BTC -Luckybit
  • 5 BTC - dmo580
  • 2 BTC - dazzle
  • 2 BTC - rammy2k2
  • 40 BTC - Rallye
  • 2 BTC - haaning

Currently have enough for at least 1 Avalon! Going for 2 now!

Total:
79/75 BTC



copy and pasted some things from: https://bitcointalk.org/index.php?topic=157930.0 Tongue
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1511246618
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April 08, 2013, 06:36:26 PM
 #2

Will Avalon making batch 4 ?
ragingazn628
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April 08, 2013, 06:36:58 PM
 #3

Will Avalon making batch 4 ?

Most likely. I'm just preparing for the best case Smiley
ryanfromrethink
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April 08, 2013, 06:37:44 PM
 #4

Don't you think you may want to wait on this until Batch 4 is announced as a production?

Though I do fully believe they'll continue to make these, as the market calls for it.



Saw you address this while I was typing.

Best of luck buddy.
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April 08, 2013, 06:39:16 PM
 #5

They where not even sure they would do batch 3.
ragingazn628
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April 08, 2013, 06:39:31 PM
 #6

Don't you think you may want to wait on this until Batch 4 is announced as a production?

Though I do fully believe they'll continue to make these, as the market calls for it.



Saw you address this while I was typing.

Best of luck buddy.

ASICs is the new tech. When BTC first started, people were mining with CPU then switched to GPU, now ASICs. So yeah I think Avalon will continue to develop better ASICs mining machines. Why not right?
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April 08, 2013, 06:42:33 PM
 #7

I think they wanna do other stuff, thats why they wanna sell the chips. decentralization, start it up and leave the battle for others.
ragingazn628
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April 08, 2013, 06:43:29 PM
 #8

I think they wanna do other stuff, thats why they wanna sell the chips. decentralization, start it up and leave the battle for others.

True true but only time could tell Smiley let's hope for the best! I just know that everyone who don't have an ASICs machine, wants one! Like me!
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April 08, 2013, 07:07:14 PM
 #9

Didn't even know there is an Avalon Batch #4 release for ASICs. I know they're the only company who successfully delivered ASICs to the public. Still one of Avalon's ASIC at 75BTC is very expensive at today's current prices. That won't stop people from buying them though and Avalon ASICs are hot and popular items to have despite the high power consumption.
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April 08, 2013, 07:09:22 PM
 #10

10 BTC if they actually anounce batch 4
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April 08, 2013, 07:14:00 PM
 #11

Avalon has stated that at this point, there is not Batch #4.  They are doing some private mining.   Being that you have your payment address on here, really raises RED FLAGS.   People around here are very cautious (or should be) about pre-ordering products that do not have even an official ship date.


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ragingazn628
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April 08, 2013, 07:15:28 PM
 #12

Avalon has stated that at this point, there is not Batch #4.  They are doing some private mining.   Being that you have your payment address on here, really raises RED FLAGS.   People around here are very cautious (or should be) about pre-ordering products that do not have even an official ship date.


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Good idea. I will take off my address for now since we don't know anything yet Smiley just speculations right now I guess.
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April 09, 2013, 03:53:19 PM
 #13

Are you a newcomer to Cryptocurreny? Don't have enough BTC to pre-order an Asics Machine? Don't like taking such a huge risk?

Well... I have been in the bitcoin game but recently cashed out when it was $94/BTC. I only have 17 coins left. Assuming there will be another Batch for Avalon, I am looking for people to chip in. I will personally use my remaining 17 coins for this batch. I am looking for people similar to my situation (not enough BTC or don't want to take such a big risk).

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 have been around these forums and have a good standing with the community. I have traded over $15,000 worth of bitcoins (I can provide proof). With newer technology (ASICs) my graphics card miners don't seem to put a dent in the harder difficulty and I can no longer afford to rebuy my sold bitcoins to have enough for an ASICs machine so I'm sure most people are on the same boat.

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:

Please note: You do NOT have to send any BTC right now. I would prefer it if you send it a week before pre-order date (if any lol)

  • Minimum investment is 1 Bitcoin
  • Send your investment to (removed for now since we're just planning this)
  • 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.

People who are interested:
  • 17 BTC - Me
  • 10 BTC - rttnpig

Total:
27/75 BTC


copy and pasted some things from: https://bitcointalk.org/index.php?topic=157930.0 Tongue

Okay 1BTC. Sounds like a good deal to me. What about the logistics?
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April 09, 2013, 07:18:56 PM
 #14

I'm in for 5 BTC, but yes, need to know how this will work logistically
ragingazn628
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April 10, 2013, 02:39:11 AM
 #15

I'm in for 5 BTC, but yes, need to know how this will work logistically

What do you mean by that? What you put in for the initial investment is what you get monthly. If you put in 5/75 you will get 5/75 of X BTC mined monthly.

People who are interested:
  • 17 BTC - Me
  • 10 BTC - rttnpig
  • 1  BTC -Luckybit
  • 5 BTC - dmo580

Total:
33/75 BTC
Wayne_Chang
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April 10, 2013, 03:09:04 AM
 #16

It's too early to raise this thread as Avalon still not officially announce it.
How do you know the price of batch #4 is still 75BTC?
ragingazn628
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April 10, 2013, 10:51:06 AM
 #17

It's too early to raise this thread as Avalon still not officially announce it.
How do you know the price of batch #4 is still 75BTC?

Just lookin' for participants. Worst case scenario it will be more than 75BTC, let's say 100 then we already have people... or it won't be announced at all. Nothing to lose.
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April 10, 2013, 11:25:53 AM
 #18

Count me in 2 btc

1Hi8SkLpPLDRVVhnY2VebssFne14itzosP
Donations are welcome!
ragingazn628
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April 10, 2013, 11:26:57 PM
 #19

People who are interested:
  • 17 BTC - Me
  • 10 BTC - rttnpig
  • 1  BTC -Luckybit
  • 5 BTC - dmo580
  • 2 BTC - dazzle

Total:
35/75 BTC
rammy2k2
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April 10, 2013, 11:40:34 PM
 #20

i'm in with 2 BTC too
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