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Author Topic: [CLOSED] Avalon ASIC chip distribution  (Read 130794 times)
zefir
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April 16, 2013, 08:18:10 AM
 #1

Status updates:
2013-09-23: Remaining Chips distributed
2013-09-14: Remaining Batches shipped, partial Refund Offer
2013-09-05: Refunds processed
2013-09-04: Refund window closed, refunds being processes
2013-09-02: Batches 6, 7, and 8 refunded, further refund processing notes
2013-09-01: Refund Status and Deadline
2013-08-29: Refund Processing
2013-08-28: Endgame
2013-08-23: Batch 2 delivered
2013-08-14: Shipping & Handling fee structure defined
2013-07-23: First batch delivered
2013-07-22: First batch shipped
2013-07-03: Test-run passed, website open for all
2013-07-02: Website for handling shipping addresses open for a test-run
2013-06-29: Final order window closed, no more chips available
2013-06-29: Some spare sample chips available
2013-06-28: More sample chips received and forwarded
2013-06-22: Order window for chips to complete boards opened
2013-06-15: Sample chips for 1st batch received and forwarded
2013-06-09: First delivery of sample chips spotted, let us finalize the distribution
2013-05-26: Initial sample chips distribution plan
2013-05-20: Please help preparing the sample chip distribution as described here
2013-05-10: Avalon released the initial version of reference docs, to be found on GitHub
2013-05-03: rough schedule set up and clarified after sales processing here
2013-05-01: order window closed, please do not send any more coins
2013-04-30: 6th batch sold, 7500 chips left in 7th batch
2013-04-30: batches 6 and 7 ordered and paid
2013-04-29: 5th batch sold, 6th batch piling up
2013-04-28: batch 5 ordered
2013-04-24: all chips ordered are guaranteed to ship
2013-04-24: 4th batch sold, 5th batch piling up with 7740 chips left
2013-04-24: 4th batch ordered, 790 chips left
2013-04-22: 3rd batch sold, 4th batch piling up with 7050 chips left
2013-04-20: 3rd batch ordered
2013-04-19: 2nd batch sold, 3rd batch has ~3300 chips left
2013-04-18: 2nd batch ordered
2013-04-18: 1st batch sold out, 2nd batch has ~2500 chips left


Next Steps
After finalizing the batch orders, all further processing steps are depending solely on Avalon's actions and responses.

The rough schedule I am pulling out of thin air looks as follows
  • beginning of May: wait and see
  • second half of May: Avalon releases reference design and documentation
  • end of May: first chip samples get shipped
  • beginning of June: developers finalizing their designs and ordering sample chips
  • mid of June: developers assemble and demo their mining products
  • second half of June: I collect shipping information for the chips ordered
  • beginning end of July: first batches produced and shipped to me
  • mid end of July: chips get delivered and I start distribution shipments <-- we are here

This is the ideal schedule based on the numbers provided by Avalon. We all know that realistically each step will be delayed by some non-predictable amount of time, so let us sit and wait a while. I will post updates as soon as they are available - no need to explicitly ask for them.




Order Status
Code:
#11069 May 1, 2013 Refunded ฿780.00 for 1 item
#10149 April 30, 2013 Refunded ฿1,564.20 for 2 items
#10137 April 28, 2013 Sample-chip-shipped   ฿782.10 for 1 item
#10105 April 24, 2013 Sample-chip-shipped   ฿782.10 for 1 item
#10037 April 20, 2013 Sample-chip-shipped   ฿782.10 for 1 item
#9921 April 20, 2013 Chips-shipped   ฿782.10 for 1 item
#9725 April 16, 2013 Completed ฿782.10 for 1 item

Reminder
Only send payments from an address you control (i.e. you can sign with it). If you send from MtGox or other exchanges, you risk loosing your funds since you can't prove you sent them.

Policy update: Refunds
Your orders are binding after your funds have been used to pay for a batch. Before that (while coins are piling up for the next batch), you can demand for a refund and will get it paid back in full. Note that after you got refunded, I will not accept future orders from you (to prevent free risk-offloading to me).



Folks and miners,

as discussed in the DIY thread, I want to support the open source DIY-ASIC approaches and act as a distributor for the Avalon ASIC chips offered in bulk. I bought a 10k chips batch yesterday and realized how this was the worst timing possible for opening sales: I bought the coins down on their way between $100 and $90, just to see how my $70k investment melted away in half over night Sad

The relevant information about the chips is available from Avalon here
Quote
Product Description

    the only payment accepted is Bitcoin.
    the chips being sold are packaged and tested.
    the lead time on the chips is 9 to 10 weeks.
    made to order from TSMC foundry and then packaged and shipped.
    the minimum order quantity is 10,000 chips and the maximum order quantity is 200,000.
    the chips are identical to those in Avalon, clocking 282Mh/s per chip.
    the password is “I understand and agree”.
    communication protocol, reference board design provided in early May.
    everything will be open source from FPGA to PCB design.
    we do not offer technical support of any kind, this is final.
    if you do not know what to do with the packaged chips, please do not purchase.


Pricing
I am asking for a 9.9% surplus for my nerves (risk compensation). the 10k chips totaled to 782.1BTC, which results to a resale price of 0.086BTC / chip.

On top of this BTC denominated net price, I will add a fiat based component to cover expenses, including
  • tax and custom handling fees (~10%)
  • effective shipping cost from Switzerland
  • flat handling fee of $20 per order

Since these items will be paid in fiat, they will be charged after I receive the chips and before they are sent to you.

Ordering
A lead time of 10+ weeks in the current sentiment takes ages. We can right now observe the dramatic exchange rate fluctuations, and we might also see some of the competing ASIC manufacturers succeed and flood the market with cheaper solutions. Before you order, please do your risk analysis.

If you still want to buy and are fine with the above pricing model, then you will have to participate in the risk and pay your order upfront. If you understood the risk-factors you should clearly understand why I can't afford to charge you in 10 weeks.

This is no fund raising for a group-buy, since the order is already placed with my own funding (order number #9725).

There is one common payment address: 162HWpt9njiDsk5nwGixw7fDPuNy55Kh9X

To buy
  • select your number of chips N in multiples of 10, max. 2500
  • send the total amount (C = N * 0.086) to the given address
  • post or PM me your order in the following format: <forum nick>; <N>; <C>; <sending address>
    ensure the sending address is under your control, so you can sign with it in case of disputes
    (edit 2013-04-18): if your wallet application does not let you select the sending address and sends from multiple, please post only one of them (and keep the address for a while)

The buying window opens now and closes by end of this month, or precisely 2013-05-01T00:00Z (May 1st 2013, 00:00 UTC).

If there is enough demand to order an additional 10k chip batch, I'll do so (given they are in stock). Those not getting into the queue will get their coins returned (to the sending address).

Shipment
The chips will be forwarded to you as soon as I receive them and you paid the fiat component mentioned above. Delivery within Europe will usually take less than a week; overseas will take what it takes. You will be given the option to select shipment method on time and resolve custom specific issues.

Trust
Yeah right: shut up and give me your money!

If unsure whether to trust me, write down 10 Bitcoin members you respect most and check if they can vouch for me.

Communication
I live in Switzerland (TZ: UTC+02) and have a exhausting day-job, which limits me to communicate in my evening hours. So if I did not respond to your email or your post within some hours, it is just because I'm at work. Please be patient.


Cheers,
Zefir


Edit (2013-04-16): additional clarifications

Who should buy and who should not
Please note that this chip distribution is meant for DIY folks only. That is, if you want to build your own mining boards, either from scratch or based on the reference design Avalon announced to release in May. If you want to buy ready-to-mine boards as developed in the original DIY thread, please do not order chips from me, but instead contact the developer of your choice (burnin, allten, or whoever decides to work on a ASIC product). There is no need to reserve the chips by buying from me, since I will ensure that those developers will have enough chips they need for their products.
(edited 2013-04-17)
You can order chips either if you plan to develop your own mining board, or want to buy a ready-to-mine assembled from other developers / manufacturers. In the latter case, with your order you secure the chips from the current batch and decide where to send them for assembly when they arrive.

Escrow
I did not offer escrow for a simple reason: as soon as the payments fill up to 782.1 BTC, I'll order another batch. No idea how long the chips will be in stock, but I would like to act fast. BTW, John and Graet escrowed my ASICMINER board seat auction, they can vouch for me.

Reservation, Payments
Some users ask for reservations, since they can't get hold of BTC fast. No need to hurry, you have two weeks time and I'll ensure there will be enough chips for anyone (other than they are out of stock). Also, only BTC payments. The blockhain is the indisputable proof of your payment, let's use it as is and prevent manual accounting.


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April 16, 2013, 08:27:54 AM
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BenTuras; 500; 43; 15AkZM1u2jXhetHEKLnQ5ScM6bvjGePYHd

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April 16, 2013, 08:31:20 AM
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Seems reasonable price. Can you consider the escrow with john as an option?
10X
PS: Or john recommendation (vote) will be enough for me Smiley Just him  Wink

PS: Zefir I am in. No time to wait john and i have cheeked my PM's. I missed some info there because of the excitement  Wink


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April 16, 2013, 08:37:46 AM
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Just loved to have the knowledge to know what to do with those chips and how to solder BGA without a skittle... :p
The price is great!
I'd love to buy 10, but... without knowledge they'd be useless.
But still grabbed a bag of popcorn, since I love to see people have success and learn something with it!

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April 16, 2013, 08:44:36 AM
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Just loved to have the knowledge to know what to do with those chips and how to solder BGA without a skittle... :p

They're QFN48, I believe, which is a hell of a lot easier to solder. You can even get sockets for those and plug them into a breadboard. Cooling might be a problem, but it would be possible to have an arduino (or similar) based 1 chip mini miner.

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April 16, 2013, 10:04:03 AM
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Zefir. Just to be clear. Are you reselling chips at the same cost you purchased them? Ifso, what is your motivation to buy 10,000 chips and distribute them at the same price (no profit)?
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April 16, 2013, 10:14:10 AM
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Zefir. Just to be clear. Are you reselling chips at the same cost you purchased them? Ifso, what is your motivation to buy 10,000 chips and distribute them at the same price (no profit)?
It is clearly explained in post. Please read it carefuly before you ask.

1. No he is not reselling the chips at same cost. He is adding extra which is quite normal and acceptable. Do you have 780 BTC to spend? And take all the risk for your investment alone? I guess no? Same as me..

 

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April 16, 2013, 11:38:02 AM
 #8

...
I bought the coins down on their way between $100 and $90, just to see how my $70k investment melted away in half over night Sad
...


Volatility does suck.

"Bitcoin has been an amazing ride, but the most fascinating part to me is the seemingly universal tendency of libertarians to immediately become authoritarians the very moment they are given any measure of power to silence the dissent of others."  - The Bible
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April 16, 2013, 11:40:38 AM
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...
I bought the coins down on their way between $100 and $90, just to see how my $70k investment melted away in half over night Sad
...


Volatility does suck.

Well, it is (and it was) quite clear that we have not seen the bottom yet.

PGP KEY - The block size is an intentionally limited economic resource, just like the 21,000,000-bitcoin limit. Changing that vastly degrades the economics surrounding bitcoin, creating many negative incentives. Jeff Garzik.
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April 16, 2013, 12:26:07 PM
 #10

I'm in for some chips.  TX details in PM.

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April 16, 2013, 12:29:57 PM
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Just loved to have the knowledge to know what to do with those chips and how to solder BGA without a skittle... :p

They're QFN48, I believe, which is a hell of a lot easier to solder. You can even get sockets for those and plug them into a breadboard. Cooling might be a problem, but it would be possible to have an arduino (or similar) based 1 chip mini miner.
Now you totally grabbed my attention!!! Cheesy
Tell me more, please!
I could develop one in a breadboard, add another chip, test and after that scale up?
I'd love a design similar to a mainboard with controller and communications and the, slots where I'd put each chip or pair of chips or something.
Even so, I think I lack a lot of knowledge here.
I can't even put an MSP430 to work on my projects...  Embarrassed

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April 16, 2013, 01:32:16 PM
 #12

im in for 500 chips - details in PM
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April 16, 2013, 02:56:33 PM
 #13

In for 500 as well. Give me a few days to transfer funds around and I will send them over promptly.

On a side note, I want to thank you guys for everything that you are doing!

Helping stop scammers by giving negative trust thats visible.
Tips always accepted -
BTC 16BebiEjTEoZrd4MNyiHKyfEz9UMSeNoGH DOGE DKrXgYyrw4cNfv4sKkWs7oyTXaXVCqP23X
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April 16, 2013, 03:13:07 PM
 #14

I’m interested, but I’m worried about the shipping from Switzerland. Tax and customs from CH always gave me hell.
Would it be possible to pick up the order in Switzerland?

I’m declaring interest for 100 chips
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April 16, 2013, 03:57:33 PM
 #15

Zefir. Just to be clear. Are you reselling chips at the same cost you purchased them? Ifso, what is your motivation to buy 10,000 chips and distribute them at the same price (no profit)?

He is helping everyone who wants to DIY project kind of thing... We are very thankful for what he is doing Smiley
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April 16, 2013, 06:21:26 PM
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I buy 390, Because I havn't enough btc.... Sad
but now my btc is transfer from mtgox. I'll send later
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April 16, 2013, 06:22:10 PM
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Zefir. Just to be clear. Are you reselling chips at the same cost you purchased them? Ifso, what is your motivation to buy 10,000 chips and distribute them at the same price (no profit)?
You think I should have asked for more than 9.9% as risk-compensation? I wish I did, but I offered to support the upcoming open source projects with what I have and that is it. Also please note that on top of this surplus buyers will be charged the effective fiat expenses for taxes, shipping and handling.


Volatility does suck.
Volatility is for traders. I just wanted to use Bitcoin for what it is meant and this time it failed royally - if I had waited 2 hours with my order, I would have paid $30k less Sad  But ok, it is not the worst method to go long.


I’m interested, but I’m worried about the shipping from Switzerland. Tax and customs from CH always gave me hell.
Would it be possible to pick up the order in Switzerland?
Usually you are charged your local VAT, which assuming you're from within the EU is somewhere around 20%. Not sure if it pays off to drive to Switzerland for a local pick-up, but yes, it would be doable.


Please note: following additional clarifications appended to OP

Who should buy and who should not
Please note that this chip distribution is meant for DIY folks only. That is, if you want to build your own mining boards, either from scratch or based on the reference design Avalon announced to release in May. If you want to buy ready-to-mine boards as developed in the original DIY thread, please do not order chips from me, but instead contact the developer of your choice (burnin, allten, or whoever decides to work on a ASIC product). There is no need to reserve the chips by buying from me, since I will ensure that those developers will have enough chips they need for their products.

Escrow
I did not offer escrow for a simple reason: as soon as the payments fill up to 782.1 BTC, I'll order another batch. No idea how long the chips will be in stock, but I would like to act fast. BTW, John and Graet escrowed my ASICMINER board seat auction, they can vouch for me.

Reservation, Payments
Some users ask for reservations, since they can't get hold of BTC fast. No need to hurry, you have two weeks time and I'll ensure there will be enough chips for anyone (other than they are out of stock). Also, only BTC payments. The blockhain is the indisputable proof of your payment, let's use it as is and prevent manual accounting.



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April 16, 2013, 06:33:43 PM
 #18

Im in for 100 parts, when i know whether or not there will be any way to get it pre-assembled, as i have no clue how to do that. anyone know ?
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April 16, 2013, 06:43:55 PM
 #19

Im in for 100 parts, when i know whether or not there will be any way to get it pre-assembled, as i have no clue how to do that. anyone know ?

Please follow the additional clarifications I added above.

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April 16, 2013, 06:46:23 PM
 #20

Confirmed orders:

Code:
Chips     BTC    Address
  500   43.00    15AkZM1u2jXhetHEKLnQ5ScM6bvjGePYHd
   30    2.58    1B9WDgtyDmqrqyMFp63mqTiiGsat5CQLyM
 2000  172.00    13BQocSpK6Ny8xubRGSXvdw5r4aTVBkrNp
  100    8.60    15BEMHdT27kP2K6Yca2rEGwChRuzuHub8s
   10    0.86    1G88KbjZi39ZA3BMXDwfmzidVDf2y2BKSp
   10    0.86    1Pv44QYXwC3FMiNZgXcpZRKyuXXueyVRrd

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