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Topic: btt - page 86. (Read 407344 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 04, 2013, 01:08:57 PM
I've very happy with our Batch 2 order and fine with the Batch 3.  Smooth moves, Ex-lax!   Wink

miTgiB is probably right about us never finding a secondary order at the 'right' price, so I won't sweat that either.

It would be nicer to have bets on horses besides Avalon, but AM shares are easy to liquidate and will pay dividends until real competition emerges.
sr. member
Activity: 434
Merit: 250
June 04, 2013, 12:37:01 PM
I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets.

Can we agree that Avalon hardware has presented the best risk/reward scenario to date? Roughly 75BTC bought you 68-70ish Gh/s in B1, B2(.1) and B3 and they, like ASICMiner, have proven they can deliver but for a whole lot less. Though I don't recall the date B1 opened I believe it was before there was a bASIC-MINING, so that's not at all relevant. At any rate we had a risky order in with BTCFPGA at that point and lacked the resources to order from Avalon B1 even were that possible.

Since that time we've placed orders with B2 and B3. If I'd known on Feb 2-3 that Walletbit was incapable of...well...anything useful then I'd have waited till Feb 18 to order and gotten a steep discount, but I did not have that information at the time. As a result I attempted to place an order with Avalon on Feb 2(fail) and *DID* place a risky order with Avalon on Feb 3 which still appears to have been the correct decision.

Cheers.
full member
Activity: 251
Merit: 100
Du hast
June 04, 2013, 12:23:34 PM
I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets. 

I don't expect we ever spend a bitcent for secondary Avalon, anyone with an Avalon will be unwilling to sell for a price creativex is willing to pay, but I do expect we take delivery of our pre-orders before we buy anything else.  I'm not trilled with ASICMINER-PT shares, but it will triple the current dividend and get us back to a level seen back in March.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 04, 2013, 12:14:29 PM
Thanks for the quote iCEBREAKER. Unfortunately I was unable to find a source for the quote, can you provide one?

Sure man, no problem!  Here you go:

Quote
A paraphrase /ˈpærəfreɪz/ is a restatement of the meaning of a text or passage using other words. The term itself is derived via Latin paraphrasis from Greek παράφρασις, meaning "additional manner of expression". The act of paraphrasing is also called "paraphrasis".

A paraphrase typically explains or clarifies the text that is being paraphrased. For example, "The signal was red" might be paraphrased as "The train was not allowed to pass because the signal was red". A paraphrase is usually introduced with a verbum dicendi​—​a declaratory expression to signal the transition to the paraphrase. For example, in "The signal was red, that is, the train was not allowed to proceed," the that is signals the paraphrase that follows.

A paraphrase does not need to accompany a direct quotation, but when this is so, the paraphrase typically serves to put the source's statement into perspective or to clarify the context in which it appeared. A paraphrase is typically more detailed than a summary. One should add the source at the end of the sentence, for example: When the light was red trains could not go (Wikipedia).

Paraphrase may attempt to preserve the essential meaning of the material being paraphrased. Thus, the (intentional or otherwise) reinterpretation of a source to infer a meaning that is not explicitly evident in the source itself qualifies as "original research," and not as paraphrase.

Unlike a metaphrase, which represents a "formal equivalent" of the source, a paraphrase represents a "dynamic equivalent" thereof. While a metaphrase attempts to translate a text literally, a paraphrase conveys the essential thought expressed in a source text​—​if necessary, at the expense of literality. For details, see dynamic and formal equivalence.
http://en.wikipedia.org/wiki/Paraphrase

I hope to be wrong, and our secondary market Avalon makes a profit.  But I'm not optimistic, for the same reasons I haven't invested in any Batch 3 group buys or assets. 
sr. member
Activity: 434
Merit: 250
June 04, 2013, 12:03:23 PM
Quote
Avalon batch one?  Too risky!  [*Batch one owners make a mint*]

Avalon batch two?  Still too risky.  [*Batch two owners make a mint*]

AM blades?  Less risky, but too expensive.  [*Batch one owners make a mint*]

AMC?  Too risky!

BitFury?  Too risky!

KnC?  Too risky!

Avalon batch three?  Less risky, but too expensive.  Let's wait, and then pay even more for one on the secondary market! 

^I'm not seeing the logic here.  I see scared money, crippled by paralyzing fear. 

How many boats have we missed now, "Because BFL trauma?"  At least three, by my count.

Nothing ventured, nothing gained; no risk, no reward.  He who hesitates is lost.

Nothing in the middle of the road except dead animals, run over by vehicles being firmly driven in a particular direction.

If you're waiting for a Sure Thing with Guaranteed Profits, better get comfortable. 

This is the crucial time to invest in pre-orders for the second-gen ASIC hardware that will make Avalon obsolete.  Well it was yesterday, when I got my batch one BitFury group shares.   Cheesy

Otherwise we're going to mostly be a pass-through of an Asicminer pass-though, for a long time.

Thanks for the quote iCEBREAKER. Unfortunately I was unable to find a source for the quote, can you provide one?

I disagree with whoever(strawman) was quoted that Avalon batch 1, Avalon batch 2, or Avalon batch 3 are too risky. The rest...yeah too risky.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 04, 2013, 11:55:38 AM
Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.

Maybe today is.  But yesterday I locked in 6GH for 2BTC on a BitFury pre-order.  And got shares of 100TH, worth 200MH each, for 0.28BTC.  Cheapest hash ever!   Cool

When the boat is boarding you buy a ticket, not tarry and wring your hands, fretting about what BFL did or didn't do.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 04, 2013, 11:48:43 AM
Quote
Avalon batch one?  Too risky!  [*Batch one owners make a mint*]

Avalon batch two?  Still too risky.  [*Batch two owners make a mint*]

AM blades?  Less risky, but too expensive.  [*Batch one owners make a mint*]

AMC?  Too risky!

BitFury?  Too risky!

KnC?  Too risky!

Avalon batch three?  Less risky, but too expensive.  Let's wait, and then pay even more for one on the secondary market! 

^I'm not seeing the logic here.  I see scared money, crippled by paralyzing fear. 

How many boats have we missed now, "Because BFL trauma?"  At least three, by my count.

Nothing ventured, nothing gained; no risk, no reward.  He who hesitates is lost.

Nothing in the middle of the road except dead animals, run over by vehicles being firmly driven in a particular direction.

If you're waiting for a Sure Thing with Guaranteed Profits, better get comfortable. 

This is the crucial time to invest in pre-orders for the second-gen ASIC hardware that will make Avalon obsolete.  Well it was yesterday, when I got my batch one BitFury group shares.   Cheesy

Otherwise we're going to mostly be a pass-through of an Asicminer pass-though, for a long time.
legendary
Activity: 1946
Merit: 1035
June 04, 2013, 10:24:25 AM
Polls are closed on last week's motions. The results are:

Motion to invest idle capital in ASICMiner-PT has passed with 72.8% approval.

Motion to purchase a secondary market Avalon batch 1 or batch 2 mining unit has passed with 66.7% approval.

Motion to purchase ASICMiner blades not approved with 7.5%.

I've obtained 100 shares of ASICMiner-PT at an average cost of 2.47BTC/share and will distribute 100% of the dividends received to bASIC-MINING shareholders upon receipt. Dividends from the PT will be divided into 7 portions, added to our own mining revenue, and distributed daily beginning this Thursday(June 6).

Thanks to all bASIC-MINING shareholders for taking part in this process.

This is great news for shareholders! Now go shout the news all over the BTC place and let the stock price rise Wink

Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.

+1, not to mention other Avalon clones projects.

Yesterday I hesitated to liquidate my securities and invest the proceeds in ASIC pre-orders. After a lot of thought, I share exactly the same analysis as Deprived wrote above. It is too late for mega profits at this stage.

An ASIC in hand is worth two mining for tested by the manufacturer in the bush!
hero member
Activity: 532
Merit: 500
June 04, 2013, 08:46:16 AM
The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   Undecided

https://bitcointalksearch.org/topic/bitcentury-metabank-120gh-65nm-asic-pre-order-proxy-07wgh-32btc-per-unit-223656

KnCMiners are also Coming SoonTM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   Grin

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.

You'd be correct.

I'm following the many start-ups with great interest, but am reluctant to commit resources to anything without a proven track record at this point. With difficulty increases continuing to accelerate, I feel it's more important than ever to invest company funds wisely. Multiple vendors now have plans to ship raw chips and as a result time to delivery should continue to contract.

Yeah - now is about the worst time possible to pre-order hardware.  Supply is low, prices high and the boat's already sailed on the mega-profits.
sr. member
Activity: 434
Merit: 250
June 04, 2013, 08:43:15 AM
The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   Undecided

https://bitcointalksearch.org/topic/bitcentury-metabank-120gh-65nm-asic-pre-order-proxy-07wgh-32btc-per-unit-223656

KnCMiners are also Coming SoonTM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   Grin

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.

You'd be correct.

I'm following the many start-ups with great interest, but am reluctant to commit resources to anything without a proven track record at this point. With difficulty increases continuing to accelerate, I feel it's more important than ever to invest company funds wisely. Multiple vendors now have plans to ship raw chips and as a result time to delivery should continue to contract.
hero member
Activity: 532
Merit: 500
June 04, 2013, 08:25:01 AM
The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   Undecided

https://bitcointalksearch.org/topic/bitcentury-metabank-120gh-65nm-asic-pre-order-proxy-07wgh-32btc-per-unit-223656

KnCMiners are also Coming SoonTM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   Grin

After the near miss early on in this security's existence I doubt very much creativex is going to even consider investing in anything until it's proven it actually has product.  And rightly so.
sr. member
Activity: 434
Merit: 250
June 04, 2013, 07:53:27 AM
Polls are closed on last week's motions. The results are:

Motion to invest idle capital in ASICMiner-PT has passed with 72.8% approval.

Motion to purchase a secondary market Avalon batch 1 or batch 2 mining unit has passed with 66.7% approval.

Motion to purchase ASICMiner blades not approved with 7.5%.

I've obtained 100 shares of ASICMiner-PT at an average cost of 2.47BTC/share and will distribute 100% of the dividends received to bASIC-MINING shareholders upon receipt. Dividends from the PT will be divided into 7 portions, added to our own mining revenue, and distributed daily beginning this Thursday(June 6).

Thanks to all bASIC-MINING shareholders for taking part in this process.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 03, 2013, 06:54:31 PM
The BitFury pre-order scene is hotting up.  Another potential source of hardware.  Or scamming.   Undecided

https://bitcointalksearch.org/topic/bitcentury-metabank-120gh-65nm-asic-pre-order-proxy-07wgh-32btc-per-unit-223656

KnCMiners are also Coming SoonTM.

https://www.kncminer.com/categories/miners is now taking orders.

Video demo of Mars in action: http://www.youtube.com/watch?v=foeBUcagT2s

I'd prefer Basic Mining place its bet on KnCMiner, because that's the one hardware company I've yet to get exposure to!   Grin
full member
Activity: 196
Merit: 100
June 03, 2013, 03:43:36 PM
Batch 2 had stopped shipping because there was something overheating and melting on the boards is what i was hearing earlier this week maybe they are fixing it b4 its sent we will prob get our batch 3 before our batch 2

probably overheated because their overclocking them to shit as they make money off mining with all their inventory
sr. member
Activity: 434
Merit: 250
June 03, 2013, 01:40:03 PM
Batch 2 had stopped shipping because there was something overheating and melting on the boards is what i was hearing earlier this week maybe they are fixing it b4 its sent we will prob get our batch 3 before our batch 2

Hi solstoce. Do you have a source for that information? I've not heard such a thing.

The latest information I've seen is presented in this thread:

https://bitcointalksearch.org/topic/m.2360516
full member
Activity: 219
Merit: 100
June 03, 2013, 12:00:31 PM
Batch 2 had stopped shipping because there was something overheating and melting on the boards is what i was hearing earlier this week maybe they are fixing it b4 its sent we will prob get our batch 3 before our batch 2
legendary
Activity: 1946
Merit: 1035
June 03, 2013, 10:25:38 AM
So i guess BLF is about to start shipping.  This is probably not that good for us.  I hope we get our Avalon soon or the network hash rate is going explode without us.

Not really, they were about to start shipping last November December January February March April May. Furthermore, those marked 'Delivered' on this list are the result of BFL's own claim on their blog, that they have shipped all Jalapeños ordered during the first 3 days. So it was a mass-update, not individuals updating their order status. Currently, there is probably more hash power on the BTC network coming from AM Blade sales than BFL Jalas.
sr. member
Activity: 434
Merit: 250
June 03, 2013, 09:24:14 AM
So i guess BLF is about to start shipping.  This is probably not that good for us.  I hope we get our Avalon soon or the network hash rate is going explode without us.

I was under the impression BFL had begun shipping weeks ago to folks that ordered last year about this time. The estimate on next difficult increase at this moment is +24.86%. Difficulty has been exploding for some while. Avalon is shipping out of sequence and not communicating at all, but they are shipping.

Cheers.
newbie
Activity: 22
Merit: 0
June 03, 2013, 08:25:35 AM
So i guess BLF is about to start shipping.  This is probably not that good for us.  I hope we get our Avalon soon or the network hash rate is going explode without us.
full member
Activity: 219
Merit: 100
June 02, 2013, 04:11:54 PM
So word on the street is some guys that ordered there batch 2 on the same day as us got a tracking number today any word on ours?

Hi solstoce, nothing yet, but I'll keep an ear to the ground. I saw that...very encouraging.

https://bitcointalksearch.org/topic/m.2295271
 

 Angry sucks to be last!
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