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BitcoinOxygen (OP)
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April 23, 2013, 04:59:13 AM
Last edit: June 22, 2013, 01:48:18 AM by BitcoinOxygen |
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EDIT: Group Buy Closed due to lack of interest and all investments has been refunded |
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BitcoinOxygen (OP)
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April 23, 2013, 04:59:38 AM
Last edit: June 22, 2013, 01:49:19 AM by BitcoinOxygen |
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EDIT: Group Buy Closed due to lack of interest and all investments has been refunded |
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dan99
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April 23, 2013, 05:01:08 AM |
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interesting
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minternj
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April 23, 2013, 05:13:14 AM |
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Q: What are the operating costs and management fees? guesstimate?
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samurai1200
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April 23, 2013, 05:17:30 AM
Last edit: April 23, 2013, 05:43:08 AM by samurai1200 |
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Interested, but MORE interested in hearing about your dev team.
"If it was easy, everyone would do it."
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BitcoinOxygen (OP)
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April 23, 2013, 05:33:34 AM |
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Q: What are the operating costs and management fees? guesstimate?
Operating costs are to be determined once the setup is complete. Management fee will be 15%. I have updated the OP accordingly. |
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Surpbitcoin
Member
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Activity: 112
Merit: 10
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April 23, 2013, 05:42:18 AM |
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This looks interesting? Any management fee discount for larger investors, let say >50 BTC
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BitcoinOxygen (OP)
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April 23, 2013, 05:45:23 AM |
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Interested, but MORE interested in hearing about your dev team. "If it was easy, everyone would do it."
Agree that it ain't easy. Members of our team are experienced in software development and electronics. We also have a senior member with Project Management experience. We expect challenges along the way and are confident that we will be able to tackle them as they come along. |
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BitcoinOxygen (OP)
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April 23, 2013, 05:59:30 AM |
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This looks interesting? Any management fee discount for larger investors, let say >50 BTC
We ran through various numbers before arriving at the 15% management fee which is quite reasonable. We could consider a discount structure at a later stage. This will need some deliberation on our side. |
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Rodyland
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April 23, 2013, 06:09:04 AM |
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Maybe an IPO (or two) would be a better way to do this. Liquidity in trading your shares (class A and class B?) can only be a positive for the endeavour, I would have thought.
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Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
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peetah
Member
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Activity: 364
Merit: 10
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April 23, 2013, 06:26:25 AM |
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4000+ BTC (net 15% management costs) for <3000 GH/s with a four month waiting period.
Vs.
80 BTC for >70 GH/s for batch 4.
Ummm...
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Vagnavs
Legendary
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Activity: 1121
Merit: 1003
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April 23, 2013, 06:30:54 AM |
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have you ordered the chips or are you waiting for people to fund this project?
Regards
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Avalanche is a must own
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BitcoinOxygen (OP)
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April 23, 2013, 06:33:43 AM |
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have you ordered the chips or are you waiting for people to fund this project?
Regards
We are waiting for investors to fund this project and as soon as we hit 780 BTC we will order 10k of Avalon ASIC chips. |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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April 23, 2013, 06:39:00 AM |
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It would have made much more sense if you first bought the chips, then asked for funding. You are already a week behind of the first chip buyers, and you know time is everything in this game...
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shibaji
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April 23, 2013, 06:40:37 AM |
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have you ordered the chips or are you waiting for people to fund this project?
Regards
We are waiting for investors to fund this project and as soon as we hit 780 BTC we will order 10k of Avalon ASIC chips. Majority of the people who were interested already bought in - you are somewhat late in the game. Good luck. |
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Bitsaurus
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April 23, 2013, 06:43:26 AM |
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4000+ BTC (net 15% management costs) for <3000 GH/s with a four month waiting period.
Vs.
80 BTC for >70 GH/s for batch 4.
Ummm...
3500 + 15% is roughly 4000 BTCAssuming Avalon Batch 4 is 40 BTC, why not just buy 100 Batch 4 units which should hash at 5000GH/s. No need to cut your fingers or do any work other than setting them up. Whoops I gave away my plan  |
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Inspector 2211
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April 23, 2013, 06:44:06 AM |
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have you ordered the chips or are you waiting for people to fund this project?
Regards
We are waiting for investors to fund this project and as soon as we hit 780 BTC we will order 10k of Avalon ASIC chips. Good luck with that. It's so massively overpriced, it's not even funny. Let's assume someone wanted to buy boards with a total of 10000 ASICs on them. 3500 BTC is, whatever, $425000 for 2800 GH/s? Seriously, man? |
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BitcoinOxygen (OP)
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April 23, 2013, 06:50:51 AM |
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4000+ BTC (net 15% management costs) for <3000 GH/s with a four month waiting period.
Vs.
80 BTC for >70 GH/s for batch 4.
Ummm...
3500 + 15% is roughly 4000 BTCAssuming Avalon Batch 4 is 40 BTC, why not just buy 100 Batch 4 units which should hash at 5000GH/s. No need to cut your fingers or do any work other than setting them up. Whoops I gave away my plan The management fee will be taken from the mining income and not from the setup costs. So funds needed is ~3500 BTC |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 23, 2013, 06:51:27 AM |
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4000+ BTC (net 15% management costs) for <3000 GH/s with a four month waiting period.
Vs.
80 BTC for >70 GH/s for batch 4.
Ummm...
3500 + 15% is roughly 4000 BTCAssuming Avalon Batch 4 is 40 BTC, why not just buy 100 Batch 4 units which should hash at 5000GH/s. No need to cut your fingers or do any work other than setting them up. Whoops I gave away my plan I would REALLY hope Avalon batch #4 to be 25 BTCish for 45GH/s and shipped at the beginning of June. If Yifu does that... Well, he'd be my hero. I wouldn't find it so strange given the fact that BFL started to ship indeed. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 23, 2013, 06:53:13 AM |
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have you ordered the chips or are you waiting for people to fund this project?
Regards
We are waiting for investors to fund this project and as soon as we hit 780 BTC we will order 10k of Avalon ASIC chips. Good luck with that. It's so massively overpriced, it's not even funny. Let's assume someone wanted to buy boards with a total of 10000 ASICs on them. 3500 BTC is, whatever, $425000 for 2800 GH/s? Seriously, man? Yeah, assembly 3,500 BTC? I think they mistakenly added a zero, no way you spend 3,500 BTC ($425k) to manufacture units with 10k chips. |
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