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Author Topic: Avalon ASIC #3, 1 Module [HorseRider's Group Buy + Hosting Plan]  (Read 2192 times)
shibaji
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April 23, 2013, 12:30:09 AM
 #21

Now that the auction has ended, may be I can say something.

Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

Given the flakiness of avalon shipment, this is an absolute losing proposal. Out of his 50 avalon orders, what happens if last 5 avalons arrive 2 months late (or even worse) ? Either:

1. Everyone bought into his plan loses, and he keeps mining happily with technically others miners
2. People start to complain and he is forced to allocate, but who are the buyers for those last 5 avalon - who will suffer the loss ? Is it the last ones to pay - but wait - that was not in the resale/rental clause. Will he man up and absorb that loss ? I am waiting to see.

Rest assured, the probability of arriving all 50 avalons together is very less. It does not matter if they were ordered together (look at Jeremiah Johnson's posts).

Have fun.

Perhaps you want to post in his thread directly but I understand it as this:
Everyone who's in the plan is getting their cut proportionally based on the mining profits from the units that have arrived until all units have been fully received. There's no queue system.

If there is a long wait until all shipments arrive, your potential loss is whatever saving advantage you have in electricity and his hosting fee. However, at the same time reshipment is costly as well since there's the loss to shipping downtime. So by having him mine immediately, the group's earnings are maximized.

Nope. If 25 arrives and 25 does not, the earnings of first 25 gets divided among all owners of 50 avalon, so it is not only electricity/hosting fees, but also significant chunk of earning.

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sloper
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April 23, 2013, 12:34:47 AM
 #22

Good point.
So then rather than a binary received [1] or didn't receive
  • , it creates a gradient.
His order number is rather early out of the batch 3's so best of luck to HorseRider, qwk, and everyone else.
sloper
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April 23, 2013, 12:38:43 AM
 #23

Qwk,

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

I will PM him once the payment is confirmed.

Thanks,
Sloper
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April 23, 2013, 09:43:27 AM
 #24

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
sloper
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April 23, 2013, 11:35:27 AM
 #25

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d

Thanks. Confirmed. Awaiting reply from HorseRider.
qwk
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April 24, 2013, 05:35:01 PM
 #26

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d

Thanks. Confirmed. Awaiting reply from HorseRider.

HorseRider confirmed the transfer. Thank you both.

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
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