Topic: Address with Avalon bulk chip payments now tops $8 million... - page 2. (Read 18157 times)

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

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This chip payment address 14odFwJHi6S1Rpuu9CnqZHy49qjc6F2Zd9 has the bitcoins withdrawn to 1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU, confirming that this IS indeed Avalon's address.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://bitcointalksearch.org/topic/m.2399090)

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.

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)

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.

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.

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..

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

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

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?

Sweet!

LOL

?

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

That is a reasonable interpretation of Yifu's comment "who says we control that address in the first place?", but honestly I think it's more likely that the TSMC order only cost them a couple million, and that they already had that cash on hand.

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

  When hundreds or thousands of people rely on you it can get very stressful and he cant be bothered having to explain and i know how this feels, i think everyone should just chill its a gamble if you want quick results go to online casino..

AsicMiner had expand a little bit the total power, and many of those 10 Gh boards have been delivered, some Jalapenos too, some Avalon Batch 2.. Maybe a/some major private mining operation has started too..

I dont think most batch 2 are delivered.. not so many have reported to have it in hand..

I'm still waiting for 2 batch 2 unit..

Wait for this weekend's communication from Avalon instead of going for hypothetic tought and histery..

Yes, I'm quite sad, as I beleived those 2 Avalon would be at my door step before mid april.  Goodbye ROI.. At least, I'll have some Gh/s soon !

Thanks for the update, BitSyncom. We all sure appreciate it.


Never stopped.


OK, just did that


Tomorrow I should have that sorted.


Um, OK, that's a pretty broad request, but I'm on it.

So as soon as I complete all those missions I get my Avalon?

What is this post? ahahah really funny.

I don't want to play devil advocates or whatever, but I truly believe that no support person is expected. And it wasn't expected before they opened the chips order book. Unaswered tickets are an issue from day 1, and it was clear it was never going to be a priority.

I understand insisting in order to solve a specific problem. I'd do the same. What I do not understand well is the point on speculating about how many BTC Avalon is holding on X address, and yelling about how it is possible they don't have some sort of customer support. They don't, they will not. We knew that in January. There are batch 1 customers that did not receive their units yet. Delays are a real possibility. Ordering chips is a gamble in itself and no easy task to manage.

So, it's pointless to brag about the obvious, and its more useful to focus on solving specific problems.