Topic: [ANN] Avalon Gen. 2 Chips Group Buy (Read 4844 times)

I'd be willing to pick up about 112. Plus they're the only one in stock around.

Price dropped to 6 BTC

http://avalon-asics.com/product/a3255-55nm-chip-500-count-reel/


( I still hate Yifu, but I hate Josh more)

I want to buy 10 chips to experiment with but it doesn't seem there is enough interest for a group buy to go through.

 

Okay, I've only had one person join so far. I'm giving this another 24 hours. If we don't have a full group buy by then, I think I'm just going to call this off.

As far as profitability goes, these chips are *not* the best deal out there, IMO. But some people had expressed interest, so I figured I'd give it a chance. And I don't doubt that Avalon will ship within their projected timeframe this time.

This will not end well.

Understood. I would be packaging and sending the chips out as soon as I got them. One day turnaround, maximum. I'm working freelance gigs right now, so my time's flexible enough to do that. The rest just depends on when Avalon ships. Should be soon, since they are no longer selling items they don't already have in hand.

Is there a time line for this group buy.
I would want my chip as soon as I could get them.
Also Avalon says they are going to reduce the price with every difficulty change.

That's about the same price as a fully populated Bitfury rig (256 chips).  While that's getting a bit closer to doable, a lot of the Bitfury gear will likely be dropping in price by the time this stuff can be assembled/shipped.

Official terms posted in the OP! Please let me know if you have any questions.


My calculations work out to around $14 per Gh/s. Each chip supplies 1.5 Gh/s, and each board will have 16 chips. That's 24 Gh/s. Since each complete miner is roughly (due to the BTC component, which fluctuates) $339.85, that makes for about $14.16 per Gh/s.

so all in, about $20 a GH yes?

$120 in chips
$218 for the board?

Okay, I've been mulling this over for a few days now, and I'm making a decision. I'm opening the group buy. For those of you who trust me and don't need a comprehensive group buy agreement to jump on board, send your payments to 1LZPtQvZejprmQUovDc7CGENm2cKCftyRX and PM me with the number of chips you ordered as well as the transaction ID for the payment. Minimum 10 chips per order, please. Chips are 28 mBTC apiece.

If we can get at least 20 2nd generation K16s ordered, we'll go ahead with that as well. Cost of components and assembly for each K16 at a total of 20 miners is $218 apiece. The price will go down if we can get more orders, since about half of that price will go to pay for JohnK to design the new PCB and to cover the cost of new components. If you're already a Stumptown Miners customer and you haven't requested a refund, your cost will be $110 per miner. Again, that price will go down with the number of orders we can get above 20, since the cost of redesigning the PCB for the new chips is fixed. Please use the Coinbase "buy" rate to figure what that comes out to in BTC.

As for buyer protection, JohnK still has my identity information, and will likely be willing to do another identity escrow like he did for the first Stumptown Miners batch. I've PMed him and will let you know when he gets back to me.

I would be in for 10 chips or so just to experiment with.

Price for a 500-chip reel reduced to 12BTC on the Avalon site:
http://avalon-asics.com/product/a3255-55nm-chip-500-count-reel/

How about licensing the hex16 variant for Nth America?  I guess it depends on the component re-use factor.

https://bitcointalksearch.org/topic/re-ann-technobit-hex16a2-24-ghs-50-eur-48-h-shippment-323727

It's worth a try. I'm not gung-ho either, and the first auction (of Avalon Minis) saw two deadline extensions and minimum bid drops before the auction actually happened -- the initial minimum bid was 9BTC, then that dropped to 6BTC, then 2BTC and in the final auction they sold for 2.21BTC/ea, which was a great price. We don't know that that will happen again, but a price drop would certainly make the chips more appealing, especially with all the inevitable delays that will come with setting them in boards.

Does the new board require significant changes? Could my initial Klondike order be reapplied to these (still-hypothetical) boards?

I'm personally very wary of getting into this, as much as I want to get back what we put into components. With that said, Colin has offered to design a PCB for around $2k. This will bring up the price of the 2nd gen miners a bit, but since it's a fixed cost I'll try to spread it out over however many orders we get (if there is interest) in order to minimize the impact.

At any rate, given that there are zero bids on the Tradehill website, I'm inclined to think that we'll see the chips again soon at a lower price point. Unless enough people disagree with me to drive this thing forward, I think we should wait this first auction out.

Thoughts?

tradehill.com

I think these chips will be back on the market super cheap soon.

Any word on this?

Auctioning them on Tradehill with all the verification seams like a bad idea to me

Unsurprisingly there doesn't seem to be a huge demand for these chips.  There isn't much point to an auction when the starting price is the price you expect for something.  Will be more interesting if these come back onto the market at bargain prices.