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Topic: Avalon ASIC #3, 1 Module [HorseRider's Group Buy + Hosting Plan] (Read 2271 times)

qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d

Thanks. Confirmed. Awaiting reply from HorseRider.

HorseRider confirmed the transfer. Thank you both.
newbie
Activity: 27
Merit: 0
Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d

Thanks. Confirmed. Awaiting reply from HorseRider.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

TX: https://blockchain.info/de/tx/c477ca26ed53af247e8a50df9f46faa0ea78c0fb726d49a590e5073be840f74d
newbie
Activity: 27
Merit: 0
Qwk,

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

I will PM him once the payment is confirmed.

Thanks,
Sloper
newbie
Activity: 27
Merit: 0
Good point.
So then rather than a binary received [1] or didn't receive
  • , it creates a gradient.
His order number is rather early out of the batch 3's so best of luck to HorseRider, qwk, and everyone else.
full member
Activity: 308
Merit: 102
Now that the auction has ended, may be I can say something.

Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

Given the flakiness of avalon shipment, this is an absolute losing proposal. Out of his 50 avalon orders, what happens if last 5 avalons arrive 2 months late (or even worse) ? Either:

1. Everyone bought into his plan loses, and he keeps mining happily with technically others miners
2. People start to complain and he is forced to allocate, but who are the buyers for those last 5 avalon - who will suffer the loss ? Is it the last ones to pay - but wait - that was not in the resale/rental clause. Will he man up and absorb that loss ? I am waiting to see.

Rest assured, the probability of arriving all 50 avalons together is very less. It does not matter if they were ordered together (look at Jeremiah Johnson's posts).

Have fun.

Perhaps you want to post in his thread directly but I understand it as this:
Everyone who's in the plan is getting their cut proportionally based on the mining profits from the units that have arrived until all units have been fully received. There's no queue system.

If there is a long wait until all shipments arrive, your potential loss is whatever saving advantage you have in electricity and his hosting fee. However, at the same time reshipment is costly as well since there's the loss to shipping downtime. So by having him mine immediately, the group's earnings are maximized.

Nope. If 25 arrives and 25 does not, the earnings of first 25 gets divided among all owners of 50 avalon, so it is not only electricity/hosting fees, but also significant chunk of earning.
full member
Activity: 308
Merit: 102
Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

He will mine on them and distribute proportionally. So, yes, as long as not all the machines are delivered, I can't expect 100% mining output. OTOH, it also provides some risk mitigation.

Cool.
newbie
Activity: 27
Merit: 0
Now that the auction has ended, may be I can say something.

Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

Given the flakiness of avalon shipment, this is an absolute losing proposal. Out of his 50 avalon orders, what happens if last 5 avalons arrive 2 months late (or even worse) ? Either:

1. Everyone bought into his plan loses, and he keeps mining happily with technically others miners
2. People start to complain and he is forced to allocate, but who are the buyers for those last 5 avalon - who will suffer the loss ? Is it the last ones to pay - but wait - that was not in the resale/rental clause. Will he man up and absorb that loss ? I am waiting to see.

Rest assured, the probability of arriving all 50 avalons together is very less. It does not matter if they were ordered together (look at Jeremiah Johnson's posts).

Have fun.

Perhaps you want to post in his thread directly but I understand it as this:
Everyone who's in the plan is getting their cut proportionally based on the mining profits from the units that have arrived until all units have been fully received. There's no queue system.

If there is a long wait until all shipments arrive, your potential loss is whatever saving advantage you have in electricity and his hosting fee. However, at the same time reshipment is costly as well since there's the loss to shipping downtime. So by having him mine immediately, the group's earnings are maximized.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

He will mine on them and distribute proportionally. So, yes, as long as not all the machines are delivered, I can't expect 100% mining output. OTOH, it also provides some risk mitigation.
full member
Activity: 308
Merit: 102
Now that the auction has ended, may be I can say something.

Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

Given the flakiness of avalon shipment, this is an absolute losing proposal. Out of his 50 avalon orders, what happens if last 5 avalons arrive 2 months late (or even worse) ? Either:

1. Everyone bought into his plan loses, and he keeps mining happily with technically others miners
2. People start to complain and he is forced to allocate, but who are the buyers for those last 5 avalon - who will suffer the loss ? Is it the last ones to pay - but wait - that was not in the resale/rental clause. Will he man up and absorb that loss ? I am waiting to see.

Rest assured, the probability of arriving all 50 avalons together is very less. It does not matter if they were ordered together (look at Jeremiah Johnson's posts).

Have fun.
newbie
Activity: 27
Merit: 0
Auction finished @ 27.1 by qwk. Sending PM.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
newbie
Activity: 27
Merit: 0
Current Bid: 27BTC

Final 2 hrs, thanks.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
full member
Activity: 155
Merit: 100
newbie
Activity: 27
Merit: 0
I'm sorry, but I'm not really an Avalon expert, so I have some questions:
- Is this auction about one of these? > http://store.avalon-asics.com/?product=avalon-asic-unit
- What exactly is "one module"?
- How much GH/s is one module?

Hey there,

Avalon sells those units and they come either as a 3-module (63Gh/s) or 4-module (85Gh/s) unit. HorseRider purchased 50 of these units and put up a portion for sell.
He allowed sells for as small as 1 module (~21-22Gh/s), which is what I opted for and what is up for auction now.

Please see his thread in my OP. It should make things more clear.

Thanks!

hero member
Activity: 700
Merit: 500
I'm sorry, but I'm not really an Avalon expert, so I have some questions:
- Is this auction about one of these? > http://store.avalon-asics.com/?product=avalon-asic-unit
- What exactly is "one module"?
- How much GH/s is one module?
newbie
Activity: 27
Merit: 0
Unless I miss something, you should have pointed out that time was not UTC...

Sorry, I guess I was bound to mess something up. I'm on PST time and should have mentioned it in the OP.

I'm not sure how to keep this fair for all parties now without a time machine.

If you guys want, we can go back to the original bid of 25BTC. We have a 4hrs and 20 min left.
newbie
Activity: 12
Merit: 0
Unless I miss something, you should have pointed out that time was not UTC...
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