Address with Avalon bulk chip payments now tops $8 million...

[ftping]

Not for nothing, but i was always under the impression that their units were shipped and in the wild. At least looking at their website, I saw no indication that they were't.

So it's true then, that ASCIMiner essentially controls ALL of the ASIC mining power at this point?

I would say yes... Except for the few BFL jallys in the wild. It is also possible there are other ASIC companies that just aren't public. No one can know for sure.

[1715186870]

1715186870

[notme]

Not for nothing, but i was always under the impression that their units were shipped and in the wild. At least looking at their website, I saw no indication that they were't.

So it's true then, that ASCIMiner essentially controls ALL of the ASIC mining power at this point?

I would say yes... Except for the few BFL jallys in the wild. It is also possible there are other ASIC companies that just aren't public. No one can know for sure.

And paying out 1-3% weekly dividends on their stock .

[Micky25]

This has potential to become the biggest scam in Bitcoin-history.

Ready the deadliest weapon in our arsenal - the SCAMMER-TAG!!

[DPoS]

The real Q is how to cash out 65K btc to pay for expenses. Even half of that is a lot to cash out. Look at the order book at Gox and you can see thats going to be difficult.

I've been mentioning this for a while - the marketplace is not ready to support the price in many circles (some webdev circles, sure)

be ready for a swoon/crash for the next rocky 6 months unless merchants step to the plate and start doing some heavy lifting and accepting bitcoin

from miners needing to get their ROI to ASIC builders having to deal with suppliers who don't take btc, you have an exodus waiting to happen or a flood to a few brave souls to fill in the next gaps

[rudrigorc2]

Sum that to the other 43k+ BTC from batch3 orders that are sitting in one wallet too. Its clear to me that is no more  avalons funds, but the payment processors cold wallet or something and maybe they lack a reason to cash out at this point. Let it be.

[guitar82]

My thought from the beginning is that it is an investors wallet who already funded avalon. Why else would everything be setup the way it is. Why all the scam paranoia?

[dvolosk]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

[guitar82]

So maybe they have a new chip they will substitute with a higher hash rate? I can hope right?

[ftping]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

Is it not possible that TSMC would just deny producing Avalon chips due to security/insurance concerns?
Admitting it is pretty much saying "come on in guys, we produce money generating ICs!"

[dvolosk]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

Is it not possible that TSMC would just deny producing Avalon chips due to security/insurance concerns?
Admitting it is pretty much saying "come on in guys, we produce money generating ICs!"

The key word here is "anymore". Also I doubt that the world's largest semiconductor foundry is worried about security.

[lithiumfinn]

So maybe they have a new chip they will substitute with a higher hash rate? I can hope right?

I could see that counting as the exciting news they plan to announce.

[glendall]

Yifu speaks!  Excellent.  Great to hear at least a bit of an update.

[BitSyncom]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

LOLOLOLOL, right.

she and by extension, you; are full of shit, or have some serious brass in your pockets, getting information on which company is producing chips at the foundry, let's forget the NDAs. Oh let me guess you also know that foundry uses project numbers, nobody even know what's an Avalon Chip over there.

LOLOLOLOLOLOLOL.

also, parts came in, expect update this weekend.

[ftping]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

Is it not possible that TSMC would just deny producing Avalon chips due to security/insurance concerns?
Admitting it is pretty much saying "come on in guys, we produce money generating ICs!"

The key word here is "anymore". Also I doubt that the world's largest semiconductor foundry is worried about security.

^^^

I think you need to find a better source.

[dvolosk]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

LOLOLOLOL, right.

she and by extension, you; are full of shit, or have some serious brass in your pockets, getting information on which company is producing chips at the foundry, let's forget the NDAs. Oh let me guess you also know that foundry uses project numbers, nobody even know what's an Avalon Chip over there.

LOLOLOLOLOLOLOL.

also, parts came in, expect update this weekend.

This is all I had to go on:

https://i.imgur.com/gpcFge8.png

I have money invested in Avalon chips, and the goal of my posts was to get a somewhat authoritative response debunking my info. I couldn't have asked for more than hearing from Yifu himself, so thanks for that.

[TheSwede75]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

LOLOLOLOL, right.

she and by extension, you; are full of shit, or have some serious brass in your pockets, getting information on which company is producing chips at the foundry, let's forget the NDAs. Oh let me guess you also know that foundry uses project numbers, nobody even know what's an Avalon Chip over there.

LOLOLOLOLOLOLOL.

also, parts came in, expect update this weekend.

This is all I had to go on:



I have money invested in Avalon chips, and the goal of my posts was to get a somewhat authoritative response debunking my info. I couldn't have asked for more than hearing from Yifu himself, so thanks for that.

It should prob be said here that even IF this would be true, they could very well have already produced enough to cover all current orders and more, and since moved on to producing a new chip design. Aka. This is not even at worst proof that the chips aren't being shipped.

[ftping]

I have a contact in China which I use for sourcing inventory. Last week I asked her to look into getting ahold of the Avalon chips for less than the 0.085~ BTC rate the chips are typically going for in this forum's group buy threads. She contacted the TSMC foundry, which said that they aren't producing the chips anymore. At the time I brushed it off as maybe she had bad information or any other numbers of things could have happened, but with this new information this does not bode well.

LOLOLOLOL, right.

she and by extension, you; are full of shit, or have some serious brass in your pockets, getting information on which company is producing chips at the foundry, let's forget the NDAs. Oh let me guess you also know that foundry uses project numbers, nobody even know what's an Avalon Chip over there.

LOLOLOLOLOLOLOL.

also, parts came in, expect update this weekend.

This is all I had to go on:

I have money invested in Avalon chips, and the goal of my posts was to get a somewhat authoritative response debunking my info. I couldn't have asked for more than hearing from Yifu himself, so thanks for that.

Yeah, okay. That wasn't the goal of your posts. The goal of your post was to make people nervous, when most people that have been waiting for months already are. Otherwise, you wouldn't have said "but with this new information this does not bode well," you would have just stated what your misinformed source told you and left it at that.

[dvolosk]

Yeah, okay. That wasn't the goal of your posts. The goal of your post was to make people nervous, when most people that have been waiting for months already are. Otherwise, you wouldn't have said "but with this new information this does not bode well," you would have just stated what your misinformed source told you and left it at that.

balls, you got me. we've got a real sherlock over here folks

[ftping]

Yeah, okay. That wasn't the goal of your posts. The goal of your post was to make people nervous, when most people that have been waiting for months already are. Otherwise, you wouldn't have said "but with this new information this does not bode well," you would have just stated what your misinformed source told you and left it at that.

balls, you got me. we've got a real sherlock over here folks

 

[btcsql]

Thanks for the reply, Yifu. It is definitely reassuring. Perhaps you could explain why Feb 2nd orders are being stonewalled and you are shipping Feb 18th orders beforehand? We paid 75 btc and they paid 55 btc, and we put a lot of faith in you, and the Feb 2nd orders still do not appear in the shop. Also, what about the Batch 1 sap who still hasn't gotten his ASIC?