[CLOSED] Avalon ASIC chip distribution

[zefir]

Mr zefir, can I copy your group buy mechanics for a different group buy, for another country? I am seeking permission, so you don't think I'm just copying. I am already in Asia, so I want to arrange a group buy for people who are based either in my country or nearby. We don't have yet an electrical engineer, but I'm sure someone will find one locally. We will avoid having to send our chips to Germany, otherwise we can just join your batch of group buys, or the other guy's (ragingazn628). And of course, Burnin will open source his design so that can be copied.

Hello Dabs,

what mechanics are you referring to you would go to copy? There is nothing innovative here, beside using the blockchain for accounting, which is inherently supported by bitcoin. Since money is at stake, I am doing everything manually (which due to the numerous incorrect claims is hard to automate).

So feel free to take what you find useful and make it better. One thing that would have saved me lots of time is: should have asked to sign orders upfront and so ensure noone is sending from MtGox etc.


Good Luck
zefir

[actudoran]

actudoran; +10; +0.86; 1BRjnk1bjf4p4uXWhzPCB4QNmjUpHLFXN

[flowdab]

I am afraid I cannot figure out how to "sign" my btc sending. Would it be okay if I listed the transaction ID?

[SebastianJu]

Processing after Order Window Closing
We have 5 more days left until the order window closes. Since batch 5 just started and the order volume decreased significantly, I don't want those who order for whatever the last batch will be to be left in limbo. Therefore I decided to offer you a guarantee to get the chips you ordered, independent of whether enough coins have been collected.

I will handle this as follows: after the closing of the order window, those orders pending in the last batch will have the option to a) get the coins fully refunded, or b) demand the ordered chips to be delivered. In the later case and based on the volume of pending orders, I will either 1) add my own funds to order a final batch, or 2) take those chips from what I bought for my own demand.

In essence, everyone who orders is granted a guarantee to get the chips. The only factor that can void this guarantee is if Avalon stops selling chips.

I hoped the timeframe is for the auction of the first prebought batch only. Why stopping it as long as it works? I mean when you think about the reward for your work... At least i would like to see it running until first may is gone because i get some BTC then. But in your shoes i would let it run as long as enough people willing to buy are there.

[zefir]

I am afraid I cannot figure out how to "sign" my btc sending. Would it be okay if I listed the transaction ID?

You don't need to sign for the order, just post it here or in PM when you see your payment shows up in the blockchain. But you need to be sure that you can sign with the address you paid from later, since that's your proof of ownership.

For a step-by-step instruction signing with Bitcoin-qt, check burnin's related post: https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342

[zefir]

I hoped the timeframe is for the auction of the first prebought batch only. Why stopping it as long as it works? I mean when you think about the reward for your work... At least i would like to see it running until first may is gone because i get some BTC then. But in your shoes i would let it run as long as enough people willing to buy are there.

Ha, you think it is easy money, do you? I thought the same, but learned how it is not.

Besides, it was not meant as a business, but as support for the DIY folks around, and those that planned to play with ASIC chips more or less already ordered.

[stripykitteh]

I hoped the timeframe is for the auction of the first prebought batch only. Why stopping it as long as it works? I mean when you think about the reward for your work... At least i would like to see it running until first may is gone because i get some BTC then. But in your shoes i would let it run as long as enough people willing to buy are there.

I'm sure some entrepreneurs are observing what is going on here and planning their own version of it. Alternatively, if you don't have the funds yet, why not start your own group buy when you do?

[geekoin]

PM sent. Thanks.

[pennytrader]

The 4th batch's order status is on-hold. Does it mean we have to wait longer?

[Dabs]

Mr zefir, can I copy your group buy mechanics for a different group buy, for another country? I am seeking permission, so you don't think I'm just copying. I am already in Asia, so I want to arrange a group buy for people who are based either in my country or nearby. We don't have yet an electrical engineer, but I'm sure someone will find one locally. We will avoid having to send our chips to Germany, otherwise we can just join your batch of group buys, or the other guy's (ragingazn628). And of course, Burnin will open source his design so that can be copied.

Hello Dabs,

what mechanics are you referring to you would go to copy? There is nothing innovative here, beside using the blockchain for accounting, which is inherently supported by bitcoin. Since money is at stake, I am doing everything manually (which due to the numerous incorrect claims is hard to automate).

So feel free to take what you find useful and make it better. One thing that would have saved me lots of time is: should have asked to sign orders upfront and so ensure noone is sending from MtGox etc.


Good Luck
zefir

Thank you. I was or am going to copy portions of your first post, use the blockchain for accounting, and do everything manually as well. Adding a few items relevant to my particular group buy.

[bitminer1]

Bitminer1;  60;  5.16;   1NKsUXEKqtYHXJe1WmyWGPzcW1K9YoBeFM

[Starcraftman]

Will you be replying to orders to confirm them?

[conv3rsion]

Will you be replying to orders to confirm them?

he doesn't need to confirm them, its in the blockchain. he's made this point at least 3 times.

[Forrie]

I'm in... late as usual!
PM sent with details

[zefir]

Batch 5 confirmed orders:

Code:

ID       Chips     BTC    Address                               Note
01          20    1.72    1SteveoQJyixxqN3HZSJDhxbtkRn4gUdF   
02          30    2.58    16HXNGWtaoqoJ5Q1ce7BFyNv4N4RUSFGcm   
03          20    0.86    1EGvMF6p3kPXMPDCtZogq8mB8NutD4KmSi   
04         150   12.9     19FijdTUxXE4shP3uBHHGhDW32GwBC5Lyw   
05          20    1.72    17z3TdiroQCaepLG79EdTzjUdV7vxyVuH7   
06          40    3.44    19bKGxRDdQzxZCiomBQTCJdTuY9hY8MaAG   
07          10    0.86    148nKdqjjJPGQXAQrg5ZBtMRWNaBe7vxeS    +#17
08         120   10.32    12HMTWSXTX9aQCBU6kRAZU5MwgNmGr8HjS   
09          70    6.02    1DvB9bzzjzrwDEDymzF1zB1VfxAEiESevr   
10          10    0.86    16dAyPsi5qe81UU5DqvtFyhYS5SkJ23nPM   
11         120   10.32    1EusLtExL9UKYYFRBCsxsYmxXpsoCRJBxD   
12         100    8.6     1NKpqMJwvyvJUNGL4cDygyHuaQtyCmT1p8
13          50    4.3     16wD5mRQBfUHUpmZyEeFQv3sgySzZqiUX4   
14          20    1.76    1VQtwHQHNyLiZ6ttRVBxcuPt8jt1U1yWG
15          10    0.86    1BRjnk1bjf4p4uXWhzPCB4QNmjUpHLFXN
16          30    2.58    1QqB3kJ8Z8CBBJqwXuY5W8uhV9UUqWrCB
17          0     0.01    148nKdqjjJPGQXAQrg5ZBtMRWNaBe7vxeS    #07+
18          10    0.86    1AmrUydgQ4U5q5N1JmdjARwbQrAoB7Rj1Z
19          30    2.58    1NMrtqsMgDBp1zGSGKC6bC26tQsj1Emt85
20          10    0.86    1Lcq3xfghgnWWu62QUx1mtNkM8mSeAGGax
21          200  17.2     1LwhePwR38ky7yqN89fUiNDUfq51KBPuxe
22          30    2.58    1JgkeFNaJqDjjgKLguUidZP9LXGfm1vzp1
23          30    2.58    1JphTgzZXWYqxh8JQtB2vannMSWa3yJr2A
24          70    6.02    16SSPCBRxzaiXjA6XoCpq8tBvJdhoSSPmA
25          60    5.16    1NKsUXEKqtYHXJe1WmyWGPzcW1K9YoBeFM
26          40    3.44    MISMATCH
27          200  17.2     1CgvQrFgtcyefLg1JFGrxibLu7VwqVaTCs
28          30    2.58    1NwuR7yTj5TxXXYt7ni1tZAzp7ctrfjUQo
29          100   8.6     1BqeeARJdRkyrQJ2hhhYLzcihaaxDa1F1v
30          40    3.44    1PgeU6dP2ocMsw4WoZTTjGCXVBanypmTjR
------------------------------------------------------------
Sum:        1670
Reserved:   1500
============================================================
Remaining:  6830

6830 chips left.

[tarmi]

tarmi; 20; 1.72; 1NrTTDSEQHKiSxmQqe7ch8ovMenBjUBkBZ

[zefir]

The 4th batch's order status is on-hold. Does it mean we have to wait longer?

Updated meanwhile to 'Processing', see OP.

[bitcoiner49er]

bitcoiner49er; 10; 0.86; 17sYSprh8QbWXat1vnYoyR7kuindCcpj23

[ewibit]

Status updates:

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

do I read this correct that on 2nd batch still has ~2500 chips left? (today)

[SebastianJu]

Status updates:

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

do I read this correct that on 2nd batch still has ~2500 chips left? (today)

These are reserved chips for the DIY-Companies.