It's nerve-wracking how the exploding bitcoin valuation is creating such risky yet lucrative investments, but what can you do? Wait for BFL?
Topic: Avalon ASIC users thread - page 191. (Read 438378 times)
By the time batch #3 arrives, the value of 88 btc's will probably be closer to $10,000 than $5000. If difficulty doubles from batch #2, and 64 gigahash nets ~20 btcs/week, it would take about 4-6 weeks to recoup investment. That is, assuming no other ASIC's enter market apart from 600 new avalons in batch #3, which would probably push difficulty to 15mil after 2 weeks from first shipments.
It's nerve-wracking how the exploding bitcoin valuation is creating such risky yet lucrative investments, but what can you do? Wait for BFL?
It's nerve-wracking how the exploding bitcoin valuation is creating such risky yet lucrative investments, but what can you do? Wait for BFL?
Is that $5000+ price definitive?
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Si, es definitivo.
Christ, I was thinking about buying one, but for that price I can get tons more litecoin mining rigs (enough to make about $150 per day) today.
Is that $5000+ price definitive?
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Same here. Import VAT is 25%, so at $5000 this would be a scary investment, and I don't like to gamble.
Yep, I'd be paying in VAT more than batch #1 and #2 paid in total. And with little chance of recouping the investment as difficulty shoots sky-high.
Is that $5000+ price definitive?
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Same here. Import VAT is 25%, so at $5000 this would be a scary investment, and I don't like to gamble.
We don't know that yet, but I agree, an almost 400% price hike is ridiculous. I don't think many people would venture for such an expense, especially after tens of terahashes were added to the network and tens more will be added by the time they get their units.
The units are being sold into a market at which demand vastly outstrips supply.
If sold at auction, the price would be even higher.
Let them auction then.
I know how much I would bid, and it's not 5000. Bids would go down with rising difficulty, instead of going up.
We don't know that yet, but I agree, an almost 400% price hike is ridiculous. I don't think many people would venture for such an expense, especially after tens of terahashes were added to the network and tens more will be added by the time they get their units.
The units are being sold into a market at which demand vastly outstrips supply.
If sold at auction, the price would be even higher.
I am and i will be avalon fan mostly because of NG - his skills and work. But i do not agree with your words about auction. If batch 3 consists of 3 units only then sure the price may reach heaven. but for 300-500? Who knows. Anyway it is a free market and we the customers will decide if we buy or not. For sure demand vastly outstrips supply no doubt about that. From what i can see here most of the guy's can take 2000-2500 including me. But 5000?
I am out for batch 3. Good luck to everyone else
And i love my new toy !!!
We don't know that yet, but I agree, an almost 400% price hike is ridiculous. I don't think many people would venture for such an expense, especially after tens of terahashes were added to the network and tens more will be added by the time they get their units.
The units are being sold into a market at which demand vastly outstrips supply.
If sold at auction, the price would be even higher.
We don't know that yet, but I agree, an almost 400% price hike is ridiculous. I don't think many people would venture for such an expense, especially after tens of terahashes were added to the network and tens more will be added by the time they get their units.
Another option is to have an auction, top 300 bid get the units.
There might also be a limit for how many 1 person could buy.
But it's not my business, and the way he runs his own business has produced the first product to market.
Is that $5000+ price definitive?
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Si, es definitivo.
We don't know that yet, but I agree, an almost 400% price hike is ridiculous. I don't think many people would venture for such an expense, especially after tens of terahashes were added to the network and tens more will be added by the time they get their units.
Is that $5000+ price definitive?
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
Looks like a bit of a radical hike to me. But I will believe they would set that price when I see it, to be honest.
Also, I'd have to pay VAT on top of that. I think I'd pass.
$1600 and I'm in.
Good luck to everybody.
my results:
[MHS av] => 71481.37
[Found Blocks] => 0
[Getworks] => 1493
[Accepted] => 1382251
[Rejected] => 7422
[Hardware Errors] => 2172
[Utility] => 989.77
[Discarded] => 2887
[Stale] => 190
[Get Failures] => 1
[Local Work] => 1462331
[Remote Failures] => 96
[Network Blocks] => 166
[Total MH] => 5989585917.9822
[Work Utility] => 1002.88
[Difficulty Accepted] => 1390275.00000000
[Difficulty Rejected] => 7422.00000000
[Difficulty Stale] => 0.00000000
[Best Share] => 931191
- => SUMMARY
[MHS av] => 71481.37
[Found Blocks] => 0
[Getworks] => 1493
[Accepted] => 1382251
[Rejected] => 7422
[Hardware Errors] => 2172
[Utility] => 989.77
[Discarded] => 2887
[Stale] => 190
[Get Failures] => 1
[Local Work] => 1462331
[Remote Failures] => 96
[Network Blocks] => 166
[Total MH] => 5989585917.9822
[Work Utility] => 1002.88
[Difficulty Accepted] => 1390275.00000000
[Difficulty Rejected] => 7422.00000000
[Difficulty Stale] => 0.00000000
[Best Share] => 931191
I tried difficulty 64, utility dropped to 19, and then difficulty 32, utility back to 32, so I guess it is not setting related
Before, when I run a 5970 rig, when I started to get a 10% of Hardware Errors in cgminer, that GPU would die in a month, possibly VRM failure, so I don't know in this case what this large error indicate
It is nice that AVALON is very modulized, even one of the miner totally toasted, it will only affect 1/24 of hash power
If the only hashing power on the network from now on comes from AVALON, when all their 1.500 units are deployed those units will only mine 1.3btc per day, so there you have your 2/3 months ROI. If other players (BFL, but also ASICminer) deploy more hashing power, well... Your ROI can come after 10 months, or maybe... Never. To buy at +5.000usd you have to bet that:
- BFL is a scam and won't deliver any unit in 2013
- No other ASIC company will deploy hashing power
If the above is true, when you get your third batch unit in May/June, you will have your ROI in 2/3 months. If the above conditions fails, you can tell bye bye to your ROI.
FYI - ASICMINER is already in the process to deploy more hashing power - so that is given. This alone breaks the 5K+ investment.
First batch customers had the same thoughts, and even worse.
First batch customers gambled less money ($) with much more future profits.
Yeh.. today.. What about two months forward when they actually ship ? When there will be #2 avalons minning and maybe BFLs ?
First batch customers had the same thoughts, and even worse. 88 btc is only 10-15 days mining with Avalon.
Yeh.. today.. What about two months forward when they actually ship ? When there will be #2 avalons minning and maybe BFLs ?
If the only hashing power on the network from now on comes from AVALON, when all their 1.500 units are deployed those units will only mine 1.3btc per day, so there you have your 2/3 months ROI. If other players (BFL, but also ASICminer) deploy more hashing power, well... Your ROI can come after 10 months, or maybe... Never. To buy at +5.000usd you have to bet that:
- BFL is a scam and won't deliver any unit in 2013
- No other ASIC company will deploy hashing power
If the above is true, when you get your third batch unit in May/June, you will have your ROI in 2/3 months. If the above conditions fails, you can tell bye bye to your ROI.
88 btc is only 10-15 days mining with Avalon.
Yeh.. today.. What about two months forward when they actually ship ? When there will be #2 avalons minning and maybe BFLs ?
88 btc is only 10-15 days mining with Avalon.
Where can you find hardware with such a ROI ?
I would buy even if ROI would be 2-3 months.
And btw I paid 107 btc for my batch 1 unit back in October 2012.
Where can you find hardware with such a ROI ?
I would buy even if ROI would be 2-3 months.
And btw I paid 107 btc for my batch 1 unit back in October 2012.
I was planning for buying one but no way for that price. I think now is safe to say that competition is required for that price to drop.
Yep - absolutely. Suddenly it seems that if this price sticks, and BFL delivers, Avalon is going to lose big time.
Not AVALON, but AVALON's customers. You can bet that at +5000usd they will make a big profit for unit. I don't think they will sell them out, but they will sell at least a couple of hundreds to miners that have plenty of coins to spare. And if BFL never delivers, or delivers in September/October, those miners will still make a not-so-big profit, but a profit nevertheless.
But for someone buying the coins at the current exchange rate, is a losing bet. Even if BFL turns out to be a scam, the not-so-big profit will not justify the gamble.
I was planning for buying one but no way for that price. I think now is safe to say that competition is required for that price to drop.
Yep - absolutely. Suddenly it seems that if this price sticks, and BFL delivers, Avalon is going to lose big time.
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