"Condo" for your Avalon chips: Price Drastically Reduced!

[shibaji]

Your flyonwall nick tells me you are a speculative stock trader as well - are you ? 

[flyonwall]

I speculate on gold and Bitcoins, nothing else.  I don't own any shares of any company. I have liquidated all my Intel and Microsoft shares, and then bought gold and Bitcoins.

[flyonwall]

Condo owners will be kept informed of the progress.

Rough Plan Milestones:

April 28th -- Avalon chips ordered (Group Buy #1, eafir)

May 10th -- reference design from Avalon becomes available

(NOTE: First PCB should use sockets for surface-mount Avalon chips, order 1 pair for each part for prototype.)

May 17th -- board circuit design done, parts ordered, PCB layout technician starts work through ODesk.com

May 24th -- Gerber files sent to prototype shop for inspection, condo management software design completed

June 7th -- parts ordered arrive, condo management software coding starts

--> about SIX weeks of software agile development <--

June 30th -- expected delivery of Avalon chips

July 12th -- ALL condo owners must send their chips in by this date, all parts received at prototype shop

July 19th -- first prototype received from prototype shop, tested with condo management software alpha

July 22nd -- reworked design sent to prototype shop

July 30th -- second prototype received, tested with condo management software beta

[shep80]

Why would you want to use sockets for the Avalon chips? Based on what I know of them that would be a bad thing.

[shibaji]

Is your computation correct ?!

11.34 - 0.86 = 10.48 btc per condo of 10 chips (2.82 GH/s) ? That's equivalent to 234.12 btc for a 63 GH avalon, that too at least 3 months down. Did you put the decimal point in wrong place ?

[flyonwall]

About the sockets: Instead of doing rework on original PCB, I want to get new PCB without destroying the Avalon chips. Sockets will be used only on first prototype.

About the price: if price is an issue, let us talk about it. What price would you consider fair?

[shibaji]

Try backtracking. Compute what price would be break-even in August per GH/s, and the walk back, keeping profit for you and buyer.

[flyonwall]

At what difficulty?

[shibaji]

At what difficulty?

Search the forum with "orgainofcorti" for hints.

[flyonwall]

The search yielded exactly one, your entry here.

[shibaji]

The search yielded exactly one, your entry here.

Typo. Should be "organofcorti". Or try his blog: http://organofcorti.blogspot.com/ and read through the posts.

[flyonwall]

Cool! Lots of graphs in that site. Plowing through it ...

[flyonwall]

Plowing through this: http://organofcorti.blogspot.com/#!/2013/04/913-asic-choices-asic-earnings-17-april.html

Assumptions, of course, are worst case, as these should be.

Doing a simplistic extrapolation, the table on this web page indicates that the earning per GHs per day would be about 0.01 BTC. Cumulative within 30 days of August would be about 0.3 BTC, assuming that all factors remain constant for 30 days. Let's do a voodoo projection of price in USD to be $260 by that time, times 2.82 hash rate, and the gross earnings would be $220 in August, per condo unit.

So for an investment of 0.78 BTC for 10 chips, the earnings amount to only 0.3 BTC in August, and that's on a linear assumption.

Buying the condo to house these ten chips would even lower the ROI. Obviously my price of 11.44 per condo unit seems too high for the owner to make a profit, in these assumed conditions.

Total investment per condo unit = 12.22 BTC
ROI for August = 2.4% which can only go lower in the following months
So each condo unit may never even pay for itself.

Yes, indeed. The price should be just the same as Batch #3 of Avalon then. Three modules cost 72.36 BTC, so divided by 24 units yields 3.02 BTC. Let's add 10% to this, then subtract the chip cost, so each condo unit should be priced at 3.32 - 0.78 = 2.54 BTC

New proposed price for each condo unit is therefore 2.54 BTC. Allows me to earn some, and still gives a good chance for the owners to be profitable.

[Dabs]

Hi. You are in Cebu? My wife speaks "bisaya", and of course I understand "tagalog". I can at least confirm if this flyonwall is Carlos Tapang. (or rather that he speaks the languages fluently.)

Are you saying, we have a local electrical engineer who can do the prototypes and working miners? You might want to mention that in my thead?
[Group Buy] Avalon ASIC Chips, Philippines (Dabs)

[Rallye]

The search yielded exactly one, your entry here.

Yeah I was about to say...

[flyonwall]

Hi Dabs, yes I live in Cebu, but I am originally from the island of Mindanao.

[flyonwall]

Going to bed now. Be back tomorrow morning, about 8 hours from now.

By the way, I live in Cebu, but am currently on assignment in the East Coast.

[flyonwall]

I have just pledged for 1,000 chips with RagingAzn628's [Group Buy #2]. If this buy gets enough pledges for 10,000 chips, this project will also proceed. (I will be building 3 condo systems for myself, if [Group Buy #2] proceeds.)

[flyonwall]

I cancelled my order with [Group Buy #2], and ordered 960 chips from Zefir instead. This project is definitely ON! There's no turning back now.

The first condo system will be occupied by Centerus, and will not be listed in the spreadsheet. The purpose of this first system is mainly for debugging. You don't want to own any unit on this system because it will be redone to fix hardware/software bugs.

The second condo system is named "Coco Nut Shade", to be owned by you:

Condo System 1: No Name, for debugging
Condo System 2: Coco Nut Shade
Condo System 3: Banana Grove
Condo System 4: Beach Side
Condo System 5: Mango Bongo
Condo System 6: Avocado Voodoo
...

All condo systems to be occupied by the Centerus chips will be built last.

[CoinHoarder]

Do these condos come with free WIFI and cable TV?  

Sorry.. I couldn't help myself. It's hard for me (and most likely potential investors) to take this seriously with your unconventional naming.