[CRYPTOSTOCKS] (GMP) crowdmining

[BitcoinObmen]

SHAREHOLDER PROTECTION PHASE INITIATED

What does it mean?

[Icoin]

SHAREHOLDER PROTECTION PHASE INITIATED

What does it mean?

It means that shares are no longer issued below 1BTC per share.

[BitcoinObmen]

YAY    I  BTC LIKE    IT

[Blank]

lol you managed to time that just right...send coins to cryptostocks wait around till 4 confirms...can't be bothered to wait around so go have a shower...come back...TOO LATE missed it by about 10 mins

*grumble*   *grumble*

[Icoin]

Status Update: Trade-in Position
By now GMP is expecting the announced trade-in procedure email from BitSyncom.
Avalon batch1 shipping is allmost done (According to Bitsyncom shipping of batch2 should start April 15), means next in line are the trade-in's to be shipped. As soon GMP can confirm that the hardware is ordered/shipped, it will be announced on Crpytostocks News and in this thread.
This waiting game is anoying, thats why GMP is thankfull for your patience, loyality and understanding.

Edit:
We allready started the Avalon Watercooling Element design. For more Info please sign up for the newsletter on https://devda.ch. (Watercooling does prolong lifetime of the hardware, and will probably be a part of the solution for the Avalon restarting problem)

[im3w1l]

Did they arrive yet?

EDIT: Also, what will the expected weekly dividend be?

[Icoin]

FYI: http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&item=321106241910
This is not one of our devices, its just to give you a feeling where we stand.

Update:
Hardware for trade-in shipped right after the AVALON Mailing early week 16. Arrival is expected for week 17.

Crowdmining is now extended by MGMP.
https://bitcointalk.org/index.php?topic=176373.msg1836791

[Icoin]

Package not confirmed as arrived yet.

Meanwhile this from https://en.bitcoin.it/wiki/Avalon:

About water cooling: yes, do it.

The expected generation output, at 65000.0 Mhps, given difficulty of 8974296.01489, is 3.64250560866 BTC per day and 0.151771067027 BTC per hour.

[Icoin]

http://glari.ch/

Update 13.05.2013

• mine update completed
• additional 20+MW/Year secured
• optional access to a industrial grade power source in negotiation

[Icoin]

AvalonQcool element single:



In a later point of time when Avalon delivers on a regular basis and the GMP equipment is transfered to watercooling, we gonna be able to distribute Avalon Qcool Singles among the comunity.
http://glari.ch/node/11

[mrlupin]

Hi, is the Avalon already mining?

[thy]

GMP has not got there AVALON's yet.

[Icoin]

From the AVALON TEAM email newsletter:

Not quiet ready yet, but since we did promise an update over the weekend, here's a sneak peak of the exciting two weeks that will follow.

For those who did not see Yifu Guo's panel at the conference can check it out below
http://youtube.com/watch?v=LY1xgGiejIc | http://youtube.com/watch?v=UtVx26LlNXA
http://www.youtube.com/watch?v=nD237oF7cCo

Let's get started.
 
First, there will be no power supply cable included in the box, you will have to acquire you own, it is an standard ATX power cable, get the socket for your country, we did this to save time allowing all the packaging of the Avalons to be uniform.


To summarize and recap the talk at the conference:
 
Scaling from few hundred units that we had a few month to prepare for into a few thousand units in less than a month have proven difficult, we must admit that we have bite off more than we can chew and suffering from "third-party dates", which are ever-changing. We are playing catch up and expect to soon see the light at the end of this tunnel.


Facts:

New SMT line is now fully operational as of this weekend.
New shipping channel secured and tested.
Sample chips has began shipping.
Majority of all the parts have arrived and ready,
which also means we finally will have time to go over tickets, and send out those trade-in payment emails.


What you can expect in the next newsletter should consist of the following:

photo tour of the new Avalon factory,
the operating crew, which have doubled in size, assembling.
piles and piles of packaged Avalons ready to ship.

Sit tight, it won't be long now.

[Icoin]

1000+ GH/s ordered (3 x Jupiter):

This device is being designed in parallel by the ORSoC engineers and will offer industry leading performance and power consumption per GH.

The final specifications for this device are being ironed out now but we can confirm the following.

    

• Minimum 350GH/s per device.
• 28nm standard cell ASIC Chips (which are being designed exclusively for KnCMiner by ORSoC).
• An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
• Water cooled setup.
• Modular Design allowing for expansion at a later date.
• Embeded Linux device to allow for standalone mining.
• Shipment begins in September

   This device will require an ATX power supply

https://www.kncminer.com/products/jupiter

[thy]

hmm, no dividend on the MGMP stock the 25 juni, why ?

in GMP dividdend was payed the 25 june but nothing in MGMP yet

        Date                Total dividend      Number of shares    Dividend per share
GMP  25 Jun 13:28    0.55997050        3,490                      0.00016045 BTC
MGMP 25 Jun ??       0.00000000      62,606                      0.00000000 BTC

[thy]

Dividend has now been paid in MGMP to.

Date                Total dividend      Number of shares    Dividend per share
26 Jun 13:50    0.02064348        62,556                    0.00000033 BTC

[Icoin]

Avalon wrote in there last newsletter on 26.6.2013:

Batch two shipping is proceeding as planned and at the time there are no additional delays of any kind.
We do however need to bring the site down within the next few hours to upgrade for trade-in orders. So if you are running into problems ordering chips and/or viewing orders please do not panic, we expect this update to finish by later tonight ( EST time. )

Till today we have no contact from Avalon, there Shop is still not working for trade-ins, no contact from support.
Avalon seems not to be interested in a delivery in time or cooperation, thats why we had to reconsider the hardware investment:

The units come with a 12 months warranty

The next KNC Jupiter Device was preordered today. Since KNC announced a hashspeed of 100 GH/s per chip we now can expect a total of 1.6 TH/s. (4 x KNC Jupiter equals 24.5 x Avalon) working for GMP.

The next 2 KNC Jupiter Devices preordered. Since KNC announced a hashspeed of 100 GH/s per chip we now can expect a total of 2 TH/s. (5 x KNC Jupiter equals 30.7 x Avalon) working for GMP.
http://glari.ch/node/17

[iCEBREAKER]

Incoming reports of upgrade availability!

Success at last?

mmm, that's odd guys, I'm pretty sure rudrigorc and allinvain should have gotten emails, I remember sending about 50% of them before having to run off to another meeting earlier today.

care to check store / emails?

also yes, trade-ins are batch #2 prices, so $1600 at current exchange rate. I think the number used was 17.2-17.4ish

[Icoin]

Incoming reports of upgrade availability!

Success at last?

mmm, that's odd guys, I'm pretty sure rudrigorc and allinvain should have gotten emails, I remember sending about 50% of them before having to run off to another meeting earlier today.

care to check store / emails?

also yes, trade-ins are batch #2 prices, so $1600 at current exchange rate. I think the number used was 17.2-17.4ish

Unfortunatly till today no change for GMP regarding Avalon:

I don't know if I should laugh or cry, but one thing is certain; I have never seen anything like it before.

Of course i will announce it here, when there is an order possible.

https://bitcointalk.org/index.php?topic=140974.msg2725145#msg2725145

[Icoin]

Update:

Till today we still have no contact from Avalon, thats why i was requested to create a scam accusation thread:
https://bitcointalk.org/index.php?topic=258829.0

This trows us a bit back but not for much:

KNCminer promised delivery for September/October 2013. As soon we have more data they will be published here.

We contacted Zalman for getting a passive watercooling sytem. The GMP Jupiter Devices from KNCminer will be equiped with the Reserator1.