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Frizz23
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April 21, 2013, 12:08:19 PM |
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Difficulty will be increasing like you don't know.
So in August we will have many of those:  |
Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Bicknellski
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April 21, 2013, 12:12:50 PM |
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+1 Sweet Cartoon Frizzy!
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erschiessen
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April 21, 2013, 12:18:01 PM |
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490k? They've sold 3 batches, total 1.5k units.. Though I don't know how many actual chips each unit contains..
If you look at the blockchain link, BTC wallet "17Tfh..." transferred enough BTC to buy 220,000 chips. |
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12KHW3i2Hamk1irY8b181N4vMXUnVYL1ah
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peetah
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Activity: 364
Merit: 10
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April 21, 2013, 12:21:47 PM |
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490k? They've sold 3 batches, total 1.5k units.. Though I don't know how many actual chips each unit contains..
If you look at the blockchain link, BTC wallet "17Tfh..." transferred enough BTC to buy 220,000 chips. 15,614 / 780 = 20.0179? The 0.0179 must be shipping... |
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BBQKorv
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April 21, 2013, 02:31:37 PM |
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Oh, this gets interesting. I didn't expect this amount of sales in such a short timewindow.
Now it would be a golden time for BFL to start shipping if they don't want cancelled orders flooding in like crazy.
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Dalkore (OP)
Legendary
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Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
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April 21, 2013, 03:22:24 PM |
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Oh, this gets interesting. I didn't expect this amount of sales in such a short timewindow.
Now it would be a golden time for BFL to start shipping if they don't want cancelled orders flooding in like crazy.
I knew this would come, now reality hits. Hope people are paying attention. |
Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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minternj
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April 21, 2013, 03:26:49 PM |
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Well avalon better seriously change their little equation for batch mini 4 then huh?
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Dalkore (OP)
Legendary
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Mining since 2010 & Hosting since 2012
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April 21, 2013, 03:50:03 PM |
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Short answer - yes, it is possible. I know a couple larger buyers. |
Hosting: Low as $60.00 per KW - LinkTransaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
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EskimoBob
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Quality Printing Services by Federal Reserve Bank
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April 21, 2013, 03:51:14 PM |
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wow! This is some serious fire power.
I have not followed the ASIC/Avalon/BFL circus too closely. Are those chips actually ready to ship or is this just another pre-order of chips from a parallel universe?
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While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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minternj
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April 21, 2013, 03:55:47 PM |
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i dont buy that 2 large buyers each bought the same amount of chips. For me i'll choose to not freak out over transactions in a wallet when all it shows is BT moving around. Of course its all speculation. so... specualte away!
My speculation is that this wallet is used to pay foundry and suppliers. BT is to pay avalon Batch 3 and chips.
Oh and the all important bribe the customs officials money.
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peetah
Member
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Activity: 364
Merit: 10
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April 21, 2013, 04:22:37 PM |
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Actually that makes no sense. As a seller of preorder you want to over promise. Competitors will have to second guess your actual hashrate contribution and buyers will side with you. As a chip seller, however, you want the buyers to NOT know the future hashrate. So more manufacturers will buy your chips as the expected profit margin will still be high. Also note that not a single bitcoin has been moved from this address. Which means your point of paying for foundries is invalid. It is probably held on escrow until delivery. i dont buy that 2 large buyers each bought the same amount of chips. For me i'll choose to not freak out over transactions in a wallet when all it shows is BT moving around. Of course its all speculation. so... specualte away!
My speculation is that this wallet is used to pay foundry and suppliers. BT is to pay avalon Batch 3 and chips.
Oh and the all important bribe the customs officials money.
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maomao
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Not only FUD :)
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April 21, 2013, 04:24:58 PM |
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I know both of these guys ,so I do not find it surprising!  |
quarkchain.io
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minternj
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April 21, 2013, 04:25:25 PM |
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Actually that makes no sense. As a seller of preorder you want to over promise. Competitors will have to second guess your actual hashrate contribution and buyers will side with you. As a chip seller, however, you want the buyers to NOT know the future hashrate. So more manufacturers will buy your chips as the expected profit margin will still be high. Also note that not a single bitcoin has been moved from this address. Which means your point of paying for foundries is invalid. It is probably held on escrow until delivery.
I said for for suppliers and foundry for chips and batch 3. They haven't even shipped batch 2 which would still work for my theory. Either way my point is we are just trowing shit against the wall and seeing what sticks. You are all speculating on what BTCs in a wallet are for, and it doesn't make my theory any less credible than yours. I actually did more work than jsut looking at the wallets total btc. |
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peetah
Member
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April 21, 2013, 04:30:25 PM |
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Actually that makes no sense. As a seller of preorder you want to over promise. Competitors will have to second guess your actual hashrate contribution and buyers will side with you. As a chip seller, however, you want the buyers to NOT know the future hashrate. So more manufacturers will buy your chips as the expected profit margin will still be high. Also note that not a single bitcoin has been moved from this address. Which means your point of paying for foundries is invalid. It is probably held on escrow until delivery.
I said for for suppliers and foundry for chips and batch 3. They haven't even shipped batch 2 which would still work for my theory. True. We'll see. I mean, they have to move that bitcoin at some point in time right? 42k bitcoins! |
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Big Time Coin
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April 21, 2013, 04:45:02 PM |
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490k? They've sold 3 batches, total 1.5k units.. Though I don't know how many actual chips each unit contains..
If you look at the blockchain link, BTC wallet "17Tfh..." transferred enough BTC to buy 220,000 chips. 15,614 / 780 = 20.0179? The 0.0179 must be shipping... Yup its shipping cost - 490k = it's only 2 maximum orders = so two companies with secret asic project - and multiple smaller ones, like my 10k chip order. But if you look at the timeline I calculated for assembling miners from chips: https://bitcointalk.org/index.php?topic=180093.0August is about right for seeing these hashers coming online. Cost is about $2 million for chips - figure double that for facilities and supplies, including all the PCB, FPGA, PSU, cables.. the list goes on and on, plus more for labor. Two companies made that investment without informing the community or allowing them any opportunity to participate in it because the ROI is so obvious. How many chips per avalon device from batch 1-3? Here, I'll help: 3 modules each, each module has 10 pcb with 8 chips each = 240 chips per avalon. batch 1 300, batch 2 600, batch 3 600 = 1500 devices = 360k chips |
Big time, I'm on my way I'm making it, big time, oh yes
- Peter Gabriel
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Bogart
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April 21, 2013, 04:59:47 PM |
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Oh, this gets interesting. I didn't expect this amount of sales in such a short timewindow.
How many purchasers do you think are speculators just hoping to resell their in-hand chips at a markup? |
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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Viceroy
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April 21, 2013, 05:01:21 PM
Last edit: April 21, 2013, 05:28:21 PM by Viceroy |
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So difficulty will be closer to 91 million at that point.
org, please update thread in mining speculation with 400k chips mining in tweve weeks. https://bitcointalk.org/index.php?topic=178051.0 |
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Viceroy
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April 21, 2013, 05:02:47 PM |
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How many purchasers do you think are speculators just hoping to resell their in-hand chips at a markup?
none. theses are ALL makers. |
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StringTheory
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Making Sense of Things
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April 21, 2013, 05:22:19 PM |
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Oh, this gets interesting. I didn't expect this amount of sales in such a short timewindow.
How many purchasers do you think are speculators just hoping to resell their in-hand chips at a markup? Considering the max order is 200,000 chips, I feel at the moment it doesn't seem likely they will "sell-out" and turn into a mark-up situation. |
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