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

[BenTuras]

Could it be they sold the BTC address to for example Zuckerberg and have a deal about extra BTC coming in ?

?

We have some users making heavy use of Silk Road in here

LOL

[crazy_rabbit]

Or ASICminer expanded their mining farm.

Without reporting it to the ASICMiner shareholders? I guess this is possible too.

They went from ~20 TH/s to between 26 and 29 TH/s during this period. They have also delivered 4000 333 MH/s USBs, and hundreds (if not thousands) of 13 GH/s blades to customers. My third batch of blade orders has already arrived across the pacific.   

Oh, and I've got 10 of those USB miners here.... they are averaging 400 MH/s.

Sweet!

[finlof]

so some have speculated that the address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU belongs to Avalon.  well 10000btc just came out of that wallet after it has been dormant for almost 2 months.  any ideas anyone?

[mik3]

I hope they moved these funds to a hot wallet to give out refunds. I hope I hope...

[Phinnaeus Gage]

I hope they moved these funds to a hot wallet to give out refunds. I hope I hope...

https://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

[iikun]

so some have speculated that the address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU belongs to Avalon.  well 10000btc just came out of that wallet after it has been dormant for almost 2 months.  any ideas anyone?

Yifu once intimated that that wallet might not belong to Avalon, hence no BTC ever went out for foundry payments etc. Whether that's true or him blowing smoke up people's asses is another story tho.

Certainly they wouldn't need that order of BTC for their refunds though..

[SebastianJu]

so some have speculated that the address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU belongs to Avalon.  well 10000btc just came out of that wallet after it has been dormant for almost 2 months.  any ideas anyone?

Yifu once intimated that that wallet might not belong to Avalon, hence no BTC ever went out for foundry payments etc. Whether that's true or him blowing smoke up people's asses is another story tho.

Certainly they wouldn't need that order of BTC for their refunds though..

It might be that this address belonged to bitinstant and they collected the payments from one customer there. They paid out yifu from other addresses and now maybe the bitcoins were needed to pay out another person again.

[dogie]

so some have speculated that the address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU belongs to Avalon.  well 10000btc just came out of that wallet after it has been dormant for almost 2 months.  any ideas anyone?

Yifu once intimated that that wallet might not belong to Avalon, hence no BTC ever went out for foundry payments etc. Whether that's true or him blowing smoke up people's asses is another story tho.

Certainly they wouldn't need that order of BTC for their refunds though..

It might be that this address belonged to bitinstant and they collected the payments from one customer there. They paid out yifu from other addresses and now maybe the bitcoins were needed to pay out another person again.

That would require a hell of a lot of capital for bitinstant, rather pointlessly as well. There is something a bit more complicated going on here.

[iikun]

so some have speculated that the address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU belongs to Avalon.  well 10000btc just came out of that wallet after it has been dormant for almost 2 months.  any ideas anyone?

Yifu once intimated that that wallet might not belong to Avalon, hence no BTC ever went out for foundry payments etc. Whether that's true or him blowing smoke up people's asses is another story tho.

Certainly they wouldn't need that order of BTC for their refunds though..

It might be that this address belonged to bitinstant and they collected the payments from one customer there. They paid out yifu from other addresses and now maybe the bitcoins were needed to pay out another person again.

That would require a hell of a lot of capital for bitinstant, rather pointlessly as well. There is something a bit more complicated going on here.

I'd wondered if it was a foundry address but that would present 2 difficulties:
1. finding a foundry which would invest in Bitcoin
2. asking that foundry to somehow refund the extra "profit" money (unless that money was received in extra chips or payment for development costs etc. - which would again be weird because they initially had no idea how many orders they'd receive)

[bitcoiner49er]

Seems like there are some who cannot connect the dots here:

This address 1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5fhas been mining blocks since April 2013 to the tune of 40/month on average until the end of July. Rough estimate is about 100 Avalon units (68,000 GH/s) would be needed to accomplish this. Which is about 24,000 chips. How many of these addresses are there? Unknown.

However this address moved 3000BTC to this address 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc which saw 43,500BTC move through it.

and yesterday 2000BTC was moved to 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v. Bookmark this address, you'll see why in just a second.

This address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU has been widely believed to be the Avalon chip order payment address.

Zefir's 1st payment to YiFu is here: https://blockchain.info/tx/4865b6b925af6885f1f9b71428bb82c052d6f243d72373b8afd3dcc3b0331641

This chip payment address 14odFwJHi6S1Rpuu9CnqZHy49qjc6F2Zd9 has the bitcoins withdrawn to 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU, confirming that this IS indeed Avalon's address. YiFu never said it wasn't his/Avalon's address only, "who says we control that address in the first place?" (https://bitcointalk.org/index.php?topic=227103.msg2399090#msg2399090)

Jump to yesterday August 15th, 2013. 10,000BTC are moved to 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc, gee that 43,500 looks familiar.

Of which 2000BTC are sent to the address I told you to bookmark earlier 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v.

So how many 100 Avalon unit farms are there? At 24,000 chips per farm, it is easy to see where many chips have gone. Why send chips when it is easier to make BTC with them? Then, EVENTUALLY/Two weeksTM when the difficultly makes the chips rather meh, and you can stall no longer, you send them out. That is where we are. Played like a harp.

[eroxors]

Seems like there are some who cannot connect the dots here:

This address 1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5fhas been mining blocks since April 2013 to the tune of 40/month on average until the end of July. Rough estimate is about 100 Avalon units (68,000 GH/s) would be needed to accomplish this. Which is about 24,000 chips. How many of these addresses are there? Unknown.

However this address moved 3000BTC to this address 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc which saw 43,500BTC move through it.

and yesterday 2000BTC was moved to 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v. Bookmark this address, you'll see why in just a second.

This address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU has been widely believed to be the Avalon chip order payment address.

Zefir's 1st payment to YiFu is here: https://blockchain.info/tx/4865b6b925af6885f1f9b71428bb82c052d6f243d72373b8afd3dcc3b0331641

This chip payment address 14odFwJHi6S1Rpuu9CnqZHy49qjc6F2Zd9 has the bitcoins withdrawn to 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU, confirming that this IS indeed Avalon's address. YiFu never said it wasn't his/Avalon's address only, "who says we control that address in the first place?" (https://bitcointalk.org/index.php?topic=227103.msg2399090#msg2399090)

Jump to yesterday August 15th, 2013. 10,000BTC are moved to 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc, gee that 43,500 looks familiar.

Of which 2000BTC are sent to the address I told you to bookmark earlier 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v.

So how many 100 Avalon unit farms are there? At 24,000 chips per farm, it is easy to see where many chips have gone. Why send chips when it is easier to make BTC with them? Then, EVENTUALLY/Two weeksTM when the difficultly makes the chips rather meh, and you can stall no longer, you send them out. That is where we are. Played like a harp.

Yes, because it makes complete sense to assemble chips into units, mine for them for a month then remove and ship them.

[Bitcoinorama]

Yes, because it makes complete sense to assemble chips into units, mine for them for a month then remove and ship them.

Obviously not...unless you plan to refund.

[tarmi]

Yes, because it makes complete sense to assemble chips into units, mine for them for a month then remove and ship them.

no need to remove them or anything.

just order another batch of worthless asics for all the suckers from bitcointalk.

or refund, and keep the interests.

[bitcoiner49er]

Seems like there are some who cannot connect the dots here:

This address 1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5fhas been mining blocks since April 2013 to the tune of 40/month on average until the end of July. Rough estimate is about 100 Avalon units (68,000 GH/s) would be needed to accomplish this. Which is about 24,000 chips. How many of these addresses are there? Unknown.

However this address moved 3000BTC to this address 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc which saw 43,500BTC move through it.

and yesterday 2000BTC was moved to 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v. Bookmark this address, you'll see why in just a second.

This address 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU has been widely believed to be the Avalon chip order payment address.

Zefir's 1st payment to YiFu is here: https://blockchain.info/tx/4865b6b925af6885f1f9b71428bb82c052d6f243d72373b8afd3dcc3b0331641

This chip payment address 14odFwJHi6S1Rpuu9CnqZHy49qjc6F2Zd9 has the bitcoins withdrawn to 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU, confirming that this IS indeed Avalon's address. YiFu never said it wasn't his/Avalon's address only, "who says we control that address in the first place?" (https://bitcointalk.org/index.php?topic=227103.msg2399090#msg2399090)

Jump to yesterday August 15th, 2013. 10,000BTC are moved to 16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc, gee that 43,500 looks familiar.

Of which 2000BTC are sent to the address I told you to bookmark earlier 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v.

So how many 100 Avalon unit farms are there? At 24,000 chips per farm, it is easy to see where many chips have gone. Why send chips when it is easier to make BTC with them? Then, EVENTUALLY/Two weeksTM when the difficultly makes the chips rather meh, and you can stall no longer, you send them out. That is where we are. Played like a harp.

Yes, because it makes complete sense to assemble chips into units, mine for them for a month then remove and ship them.

Hello McFly!

Other chips are being made to send to us (allegedly).

[davewr2013]

Best way to order any BitCoin chips seems to be CIH-ONS.

(Chips in Hand -- Or No Sale)

Just sayin'

[Ytterbium]

The problem with that theory is that it would mean Avalon paid $0 to actually buy the chips.

Yifu said there were 1m chips, with 200k "stuck in customs"
If you assume there are 135 boxes, with three inner boxes each it comes to 1.05m chips  (you can only see 3 inner boxes in the photos)
The payments to that address are about the cost of 1m chips.

So all of the evidence is consistent with the existence of 1m chips.

Additionally, if there really were 2.1 million chips made those chips could not be hashing, since that would be over 700TH/s .

(edit: wrote 700PH/s initially, obviously meant 700Th/s, which is twice the current total network hashrate)

[Bitcoinorama]

The problem with that theory is that it would mean Avalon paid $0 to actually buy the chips.

Yifu said there were 1m chips, with 200k "stuck in customs"
If you assume there are 135 boxes, with three inner boxes each it comes to 1.05m chips  (you can only see 3 inner boxes in the photos)
The payments to that address are about the cost of 1m chips.

So all of the evidence is consistent with the existence of 1m chips.

Additionally, if there really were 2.1 million chips made those chips could not be hashing, since that would be over 700PH/s .  

It would be 592,800 Gh, 593 Th, or 0.6Ph at 282mh/s a chip.

[Ytterbium]

It would be 592,800 Gh, 593 Th, or 0.6Ph at 282mh/s a chip.

Why would they be running at 282mh/s?

I did mix up PH/s and TH/s, though. The current network hashrate is 370TH/s, so it would still be twice the current hashrate. Obviously, they could not currently be hashing.

[bitcoiner49er]

The problem with that theory is that it would mean Avalon paid $0 to actually buy the chips.

Yifu said there were 1m chips, with 200k "stuck in customs"
If you assume there are 135 boxes, with three inner boxes each it comes to 1.05m chips  (you can only see 3 inner boxes in the photos)
The payments to that address are about the cost of 1m chips.

So all of the evidence is consistent with the existence of 1m chips.

Additionally, if there really were 2.1 million chips made those chips could not be hashing, since that would be over 700PH/s .

There are "payments" out of 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v.

[Bitcoinorama]

It would be 592,800 Gh, 593 Th, or 0.6Ph at 282mh/s a chip.

Why would they be running at 282mh/s?

I did mix up PH/s and TH/s, though. The current network hashrate is 370TH/s, so it would still be twice the current hashrate. Obviously, they could not currently be hashing.

They won't necessarily, but that' Avalons standard clock speed. Some will OC, some won't. Some will OCoverdose, some will be DOA. Some will err go missing.