Agree on that, see my previous post.
True, my bad, for some reason I totally missed that post...
Topic: Avalon batch #3 approaching "NO ROI" point (Read 4301 times)
LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door.
Still, you paid in BTC and you'll get a BTC refund, so no issue there...
Agree on that, see my previous post.
LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door.
Still, you paid in BTC and you'll get a BTC refund, so no issue there...
LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door.
You are more active in the wall thread than i'm
LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
I think it's already too late, I don't see how this refund thing will be immediate, and double digits are knocking hard at Gox's door.
LOL, calm down... Get a refund, sell it on gox before it's too late and buy some happy miners with a sure negative ROI for sport later, just like i (and many others, i suppose) plan to do...
So asking for a refund would give you a positive USD return...
If I'm not mistaken when batch #3 opened (was it 26th or 27th of March?) Bitcoin was around the same exchange rate as per today, ie $100ish... Maybe a little bit less ($90?), really don't remember the exact figure, but I remember making the calculation that in USD it costed aprox. $7,000
Anyhow, I don't care - I spent BTC for a unit priced in BTC - what's this thing about "positive USD return"? Are you joking? Please be serious. Is like getting a USD refund for a pair shoes you paid in USD and thinking "well, I got a positive yen return".... LOL
I spent 75BTC and I get 75BTC back - full stop. That's break-even in my book. Or if you lend me 100BTC now you will be OK if I give back 100BTC to you in 6 months with no interest whatsoever, "because the USD/BTC exchange rate went up"? Very flawed logic.
So asking for a refund would give you a positive USD return...
Anyway is the refund USD or btc fixed?
fixed in BTC Anyway is the refund USD or btc fixed?
Batch #3? BTC, there was never a price in USD for batch #3.
Anyway is the refund USD or btc fixed?
ITT: people who don't realize Avalon batch 3 has guaranteed ROI thanks to refund policy.
https://en.wikipedia.org/wiki/Special_pleading
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
People are often delusional or simply don't do the maths.So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
No. It has guaranteed break even. ROI or "return on investment" actually means that the investors get some profit or benefit from the investment.
I see that 99% of the folks in here use the term incorrectly, as it was a synonym for break-even, which is incorrect. FYI: https://en.wikipedia.org/wiki/Return_on_investment
ITT: people who don't realize Avalon batch 3 has guaranteed ROI thanks to refund policy. You don't think they're going to make ROI? Go for a refund and get instant break-even.
https://en.wikipedia.org/wiki/Special_pleading
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
People are often delusional or simply don't do the maths.So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
People are often delusional or simply don't do the maths.So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
Some Batch3 bad news...
Looks like chips are going to ship alongside Batch3.
From Yifu:
https://bitcointalksearch.org/topic/m.2562419
I guess the good news is that you can still get a refund if desired.
Looks like chips are going to ship alongside Batch3.
From Yifu:
https://bitcointalksearch.org/topic/m.2562419
I guess the good news is that you can still get a refund if desired.
I bet that chips will be hashing in the wild before batch #3 is completed.
Sad, we paid the highest price for batch 3 and now the only option we have is to ask for a refund. I guess they will see many refund requests in the following weeks... And I guess they will just keep the units.
Some Batch3 bad news...
Looks like chips are going to ship alongside Batch3.
From Yifu:
https://bitcointalksearch.org/topic/m.2562419
I guess the good news is that you can still get a refund if desired.
Looks like chips are going to ship alongside Batch3.
From Yifu:
https://bitcointalksearch.org/topic/m.2562419
I guess the good news is that you can still get a refund if desired.
"Avalon" almost tripled hash rate this week at BTCGuild. Are those our unshipped batch#2 and batch#3 units?
Team Avalon on BTC Guild is just 3 Batch #1 units + 6 Batch #2 units + a another Batch #1 + some curious people that don't even own an avalon as they pull 30 GH/s or less
It has nothing to do with the testing Avalon is doing
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
Please tell me more about the refund offer. So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
If Avalon Batch3 is approaching "NO ROI" you would think folks would opt for the refund that Yifu is offering.
So far as I know, NO ONE has taken him up on this offer (maybe B1-er anti76... but it doesn't look like it).
My guess is that if we really were approaching no roi, people would be heading for the exits with Batch3 and that doesn't seem to be the case.
At this point, I believe most folks will get their BTC investment back over the course of the next year.... and precious little after that.
We are really approaching "NO ROI", that's math. Each week "NO ROI" is closer. But ATM ROI is still possible. People is just hoping there won't be any further delays.
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