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Author Topic: ☆☆☆ Opportunity to mine with Avalon ASICs ☞☞ Updated Prices  (Read 5415 times)
BitcoinOxygen (OP)
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April 25, 2013, 10:52:11 PM
 #41

The only winner in this project seems to be you.

The whole thing is too fuzzy for me, especially your costs...There are better alternatives for me Tongue

Some folks interested in this have asked us to reduce the management fees. After consideration, we have decided to change it to 10%.

I would really like to know what better alternatives are out there. Currently, you cannot order ASICs from Avalon. The pre-orders for batch 2 are being sold on ebay for 30,000-50,000 USD = 200 - 330 BTC.

http://www.ebay.com/itm/Avalon-ASIC-Bitcoin-Mining-Rig-Preorder-Batch-2-/271190359628?pt=LH_DefaultDomain_0&hash=item3f24347e4c
http://www.ebay.com/itm/Batch-2-Avalon-ASIC-Pre-Order-Bitcoin-Mining-Rig-/321106241910?pt=LH_DefaultDomain_0&hash=item4ac36c6976

We do hope to be able to provide a good ROI to those who invest. We have tried to be careful with the cost estimation. It was possible to hype up and say that we could do this project for 2000 BTC or less and get funding. But in the real world, stuff happens and we need to be prepared for contingencies. If we manage to get the project started for less, the extra amount will be paid back to investors.

As time passes and difficulty increases, it is going to take longer and longer to get good returns. Better get started as early as possible.

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segfault88
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April 26, 2013, 07:30:27 AM
 #42

Time is running out? Yet the address to send payments (https://blockchain.info/address/1VbWxiGEa1d89ZigFuWWeP5CjDJSK6Xdi) has 2 transactions a total of 18.1 BTC. What's up with that, am I an idiot?
BitcoinOxygen (OP)
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April 26, 2013, 10:19:56 AM
 #43

Time is running out? Yet the address to send payments (https://blockchain.info/address/1VbWxiGEa1d89ZigFuWWeP5CjDJSK6Xdi) has 2 transactions a total of 18.1 BTC. What's up with that, am I an idiot?

Yes, time is running out to get the project started before the difficulty goes too high. We were planning to order by end of April so we could start operations by end of July. If we don't get enough funds in a feasible time, then we will probably have to discard the idea. If that happens, then anybody who had invested would get back their bitcoins in full.

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April 26, 2013, 05:01:02 PM
 #44

I have pledged 5BTC to this project, should it materialize.
BitcoinOxygen (OP)
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April 30, 2013, 10:49:33 PM
 #45

Investor list updated in post 2 of this thread.

Additional 70 BTC has been pledged.

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wrenchmonkey
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May 01, 2013, 07:31:38 PM
 #46

Just 3462 BTC to go!  Cheesy

Block Erupter Overclocking 447 M/Hash, .006 (discounts if done in quantity) https://bitcointalk.org/index.php?topic=300206.msg3218480#msg3218480

Buy and sell mining shares (Bitfury). https://cex.io/r/1/wrenchmonkey/0/
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May 02, 2013, 03:10:46 PM
 #47

I had a long chat on IRC with BTC Oxygen (where he has OP rights in a well-known 275 person channel) yesterday and he might offer bitfunder for managing your shares. But more importantly I trust him now and his competence.

This is why I'm pledging an initial 5 BTC to this project. We could use http://www.pledgebank.com/ to track pledges.

And someone please correct wrenchmonkey's last post, it may be misleading.
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May 08, 2013, 12:15:58 PM
 #48


Send the amount you want to invest to: 1VbWxiGEa1d89ZigFuWWeP5CjDJSK6Xdi


Prices Updated.

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BitcoinOxygen (OP)
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May 08, 2013, 01:21:38 PM
 #49

At the current costs the ROI will be much better.
Also the price per GH/s is also very good.

1.5GH/s for 1 BTC.

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lophie
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May 08, 2013, 03:29:31 PM
 #50

I am shocked because in the PM section you did not request a freaking signed msg from the input address!  Shocked

Will take me a while to climb up again, But where is a will, there is a way...
samurai1200
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May 08, 2013, 03:56:58 PM
 #51

...
Also the price per GH/s is also very good.

1.5GH/s for 1 BTC.

Compared to what?

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
BitcoinOxygen (OP)
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May 08, 2013, 09:56:45 PM
 #52

I am shocked because in the PM section you did not request a freaking signed msg from the input address!  Shocked

If any issue arises as to who sent the bitcoins, we will require a signed message. Also, dividends will be sent to the input address.

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dani
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May 08, 2013, 10:05:18 PM
 #53

You did not buy chips yet, now that everyone else bought huge batches of avalon chips you will be like,.. the last person on earth to get hands on avalon chips?
Still you raise funds for this. This whole project is nice, but I feel sorry for you: you are too late.
Though the price/gh is good (a lot better than before), it will be too late by the time you get hands on them, i guess. Anyway, are the chips still for sale?

Now if you bought chips from someone else (like batch1) for some extra cost this project should be funded in no time. Acutally I would invest some btc.

just my 2 satoshis

Hai
BitcoinOxygen (OP)
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May 08, 2013, 11:34:20 PM
 #54

You did not buy chips yet, now that everyone else bought huge batches of avalon chips you will be like,.. the last person on earth to get hands on avalon chips?
Afaik, Avalon has not shipped the chips to anyone yet. They probably are waiting for enough orders to start production with TSMC. So, once they are done, everyone who ordered would get their chips in a reasonable amount of time.

Still you raise funds for this. This whole project is nice, but I feel sorry for you: you are too late.
Though the price/gh is good (a lot better than before), it will be too late by the time you get hands on them, i guess.
We do realize that it is late. But we figured better late than never. Many people missed the early ASICs by Avalon because there were doubts whether it would materialize. Now that Avalon has proved that they can produce the needed ASICs, this is an opportunity to get into the mining game.

Anyway, are the chips still for sale?
According to Avalon, these chips will be available until at least end of the year, 2013.

Now if you bought chips from someone else (like batch1) for some extra cost this project should be funded in no time. Acutally I would invest some btc.
No one has received them yet. Ordering from someone else would add unnecessary costs to the project without providing any real
benefit.

just my 2 satoshis

just my satoshi change Smiley



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