Topic: Avalon A7 announced - page 105. (Read 147678 times)

Strange. Still cant order ?? wondering why.

Well,Bitcoin is the network of corporate miners is it not  

True.
Checked Kano a few sec ago and it shows canaan (Avalon) is running 2,089.15THs vs their normal ~250-300THs so they are um, still "testing"?

Does anyone have an idea from past experience how long Avalon take to ship to the states? Once they actually become available for sale of course.. I didn't see a year behind Monday the 14th 20??.

asic =   ALWAYS SLOW INCOMING for CONSUMERS

I went on the site myself didn't see any option to buy yet maybe the ordering system has not gone live yet 

Anyone acquire a miner from them yet?

No answer to my emails. And site does not list the sale.

Sounds like you can buy directly from Canaan.io with Paypal, credit card or bank transfer (Once the ordering goes live)

Looks interesting when will it be for sale to the public? anyone planning to organize a group buy anytime soon?

I have the account at canaan.io and I could not find a page to buy one.

It is monday and no sales ?

At this time, Caanan is the only place to order the A721.

 That will probably change in a month or less as resellers start getting ahold of some to sell (for more of course).

Is Canaan.io the only place to buy these??

Anyone know what type of payment they accept? Only btc?

 If you plan to sell off your miners (I've eventually done so on ALL of the ASIC I've owned that I'm not currrently running, as well as many of my computers, and plan to do so on my A2s eventually), you can legitimately treat the miners themselves as "inventory" - makes them MUCH easier to deal with on a tax basis and is arguably MORE accurate how their drop in value over time ends up impacting a business.

Ah, I usually edit out most of the quotes but I'm lazy yesterday.

The key to building a mining farm is to not pay high power rates. If you can't get less than .05$/kwh then you might have to wait for the next halfing or do microtrading to properly receive your ROI.

I think upgrading your miners to more efficient beasts is the next logical step after you reach your maximum power consumption.

Fuzzy, you should store a few from your growing pile of s7's at my place . I've 4-6kwh unallocated at the moment.

Rarely will I keep all of my quoted bits when I reply but THANK YOU! Usually this goes on deaf ears. Yes, ya gotta roll them bones and start somewhere.

#1 Rule: Even if going into this with ideas of a business, Consider your initial $$$ investment be it for 1 miner or 100 miners SPENT. Gone. Period. End of Story. Do not EVER use money you cannot afford to lose or pay back! I hope it is needless to say, never take out a loan to buy miners... Look at it like planning a nice long weekend or vacation at you favorite casino. I for one have a good idea of how much $$$ we set aside for gambling losses for our time there. If we win enough to lets us play all day/night while we are there, Great. Fantastic. But still have the probable overall gambling losses vs money we brought in mind. We walk in the Casino considering that money spent.

After that, reinvest all possible BTC income back into expanding the farm. Yes it takes time but over a few months it will get surprising how many miners you can get as it becomes more affordable from a farm income perspective . My main limit has been total power I have available (for free at work) and care to pay for at home. Total is around 28-29kW.

Finally, something missing from all of the "ROI" calculators oft mention in the Forum: The plain and simple fact that since here in the USA the IRS wants a piece of ALL BTC you convert to Fiat be it reported as Personal Income (and subject to Capital Gains Rules if earned from Trading) or reported as mining business + folks keep talking about ROI then treat the cost of miner like the business expense it is!  From a business perspective a miner is the same thing as an office PC and for Tax purposes is a business expense/writeoff. Last I recall the full amount can be written off in 3-years. Yes is a long time in Miner Years but - I have s7's still making money and some are from day-1 they were available so...

Since can't expand to use more power and limited miner availability restricts my s7 to s9 or A7 upgrades, um, BTC is starting to pile up again. Along with a growing pile of off-line s7's...

It's not overly difficult to start from the ground up. Purchased 1btc worth of s7-ln's used income from that to purchase another s7. Used income from that to purchase another s7...etc.

You just have to accept some of the expenditure as hobby cost and you reach ROI real quick.

There may be  some give a ways  on CKpool like the last two Avalon. don't for get that. .


some thing bitmian won't do .

On a side note, I see that canaan is back on CKpool again and back to their previous historical rate of around 247-280TH/s. Pretty sure that is Canaan Creative aka Avalon.

Hopefully testing more A7's maybe? Until a couple days ago, in fact maybe until just 1-2 days before their announcement here, canaan was holding at a solid >2.5PH/s for over a week in an impressive boost - bet that was a mass test of the A7's. From what the Canaan website says, the have the hosting infra to handle several MW so...

edit: Hmmm... just looked at https://canaan.io/about/ and -- see no mention of the operation they had here in the USA. I know some bad blood showed up in the USA op but thought it was resolved. When what huh???

edit edit: found an old bookmark, BlockC was name of the op here in the USA http://www.blockc.co/
 heh heh... "Well be Back soon" etc. Site name unavailable.