btt - page 99. | Bitcointalksearch.org

Deprived

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Quote from: creativex on January 31, 2013, 09:07:48 AM

While I was penning a book sized response to Deprived's comments I received this email. Time stamped 8:56am.

It seems I've received a reprieve from the Governor.

Yeah - it was a nasty spot to be in. One the one hand you really want to get ASICs as soon as possible, on the other their communication hasn't exactly been awe-inspiring or confidence inducing. But of course if a bunch more batch 1 ASICs arrive then it'll be a lottery trying to get an order in in the few minutes available whilst their site effectively gets DDOSed by miners trying to throw BTC at them.

From their perspective if a good chunk of batch 1 has been shipped I'd be tempted to delay batch 2 until after a fair few of them have arrived (so there's no doubt about their capability) then do a MUCH bigger batch 2 and see if they can get people cancelling BFL orders to buy from them. This is their one chance to grab a good chunk of those orders (unless BFL totally drop the ball and still haven't shipped anything by end of February).

creativex

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While I was penning a book sized response to Deprived's comments I received this email. Time stamped 8:56am.

It seems I've received a reprieve from the Governor.

Deprived

hero member

Activity: 532

Merit: 500

Quote from: 🏰 TradeFortress 🏰 on January 31, 2013, 12:56:11 AM

Quote from: Deprived on January 31, 2013, 12:55:02 AM

Quote from: creativex on January 31, 2013, 12:15:04 AM

Given the flurry of events that have transpired in the last few hours and the detailed(& favorable) information provided by Jeff Garzik about the Avalon unit he received I'm re-evaluating the possibility of placing an order for batch 2 unit(s). As there's not enough time for a motion to pass with majority shareholder approval, I'd like to hear some alternative perspectives from shareholders to aid me in my decision.

I've spoken to several shareholders privately about ASIC vendor choices and Avalon specifically so I have an idea how some will view this decision, but I'd like to hear more in the brief time allowed us before their order window closes.

http://garzikrants.blogspot.se/
http://bitcoinmagazine.com/working-avalon-asic-confirmed/

I'm a shareholder from time to time

I'd advise being cautious with Avalon - their desperation for fast cash suggests they're having some serious issues. Whilst it's obviously not a scam as such, I'd want to see more than a few of them arrived before assuming they're actually in a position to guarantee a steady stream of them.

It may just be as simple as they wanted to pretend to meet their shipping date - and only had a few actually ready by then but pretended they were ready to start shipping whole-sale. Or it could be far worse - e.g. serious yield issues meaning they need cash to run another batch of chips off just to meet batch 1 commitments.

Something still smells very wrong with it - but it could be nothing more than bad PR/communications combined with stretching the truth on the state of their assembly line.

Right, but is that any worse than Butterfly labs?

Nope - I wouldn't ship them any money yet either tbh.

No matter what you do now, you aren't getting the first batch of ASICs that arrive - so no big bonus for being in the first lot mining. A lot depends on whether you believe BTC will rise over the next few months. If you believe it'll rise (or at least not fall) then it's highly likley the most profitable course of action is to wait for the first wave of price-cuts on ASICs before ordering.

Aside form anyhting else, Avalon's power-specs are a lot worse than BFL's - so Avalon are going to have to cut prices to remain competitive if/when BFL ship.

One other thing I don't know the answer to (as not into mining myself) - how long are the warranties on the Avalon/BFL gear? That's a pretty massive thing to take into account that I haven't seen discussed yet.

🏰 TradeFortress 🏰

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Quote from: Deprived on January 31, 2013, 12:55:02 AM

Quote from: creativex on January 31, 2013, 12:15:04 AM

Given the flurry of events that have transpired in the last few hours and the detailed(& favorable) information provided by Jeff Garzik about the Avalon unit he received I'm re-evaluating the possibility of placing an order for batch 2 unit(s). As there's not enough time for a motion to pass with majority shareholder approval, I'd like to hear some alternative perspectives from shareholders to aid me in my decision.

I've spoken to several shareholders privately about ASIC vendor choices and Avalon specifically so I have an idea how some will view this decision, but I'd like to hear more in the brief time allowed us before their order window closes.

http://garzikrants.blogspot.se/
http://bitcoinmagazine.com/working-avalon-asic-confirmed/

I'm a shareholder from time to time

I'd advise being cautious with Avalon - their desperation for fast cash suggests they're having some serious issues. Whilst it's obviously not a scam as such, I'd want to see more than a few of them arrived before assuming they're actually in a position to guarantee a steady stream of them.

It may just be as simple as they wanted to pretend to meet their shipping date - and only had a few actually ready by then but pretended they were ready to start shipping whole-sale. Or it could be far worse - e.g. serious yield issues meaning they need cash to run another batch of chips off just to meet batch 1 commitments.

Something still smells very wrong with it - but it could be nothing more than bad PR/communications combined with stretching the truth on the state of their assembly line.

Right, but is that any worse than Butterfly labs?

Deprived

hero member

Activity: 532

Merit: 500

Quote from: creativex on January 31, 2013, 12:15:04 AM

Given the flurry of events that have transpired in the last few hours and the detailed(& favorable) information provided by Jeff Garzik about the Avalon unit he received I'm re-evaluating the possibility of placing an order for batch 2 unit(s). As there's not enough time for a motion to pass with majority shareholder approval, I'd like to hear some alternative perspectives from shareholders to aid me in my decision.

I've spoken to several shareholders privately about ASIC vendor choices and Avalon specifically so I have an idea how some will view this decision, but I'd like to hear more in the brief time allowed us before their order window closes.

http://garzikrants.blogspot.se/
http://bitcoinmagazine.com/working-avalon-asic-confirmed/

I'm a shareholder from time to time

I'd advise being cautious with Avalon - their desperation for fast cash suggests they're having some serious issues. Whilst it's obviously not a scam as such, I'd want to see more than a few of them arrived before assuming they're actually in a position to guarantee a steady stream of them.

It may just be as simple as they wanted to pretend to meet their shipping date - and only had a few actually ready by then but pretended they were ready to start shipping whole-sale. Or it could be far worse - e.g. serious yield issues meaning they need cash to run another batch of chips off just to meet batch 1 commitments.

Something still smells very wrong with it - but it could be nothing more than bad PR/communications combined with stretching the truth on the state of their assembly line.

creativex

sr. member

Activity: 434

Merit: 250

Given the flurry of events that have transpired in the last few hours and the detailed(& favorable) information provided by Jeff Garzik about the Avalon unit he received I'm re-evaluating the possibility of placing an order for batch 2 unit(s). As there's not enough time for a motion to pass with majority shareholder approval, I'd like to hear some alternative perspectives from shareholders to aid me in my decision.

I've spoken to several shareholders privately about ASIC vendor choices and Avalon specifically so I have an idea how some will view this decision, but I'd like to hear more in the brief time allowed us before their order window closes.

http://garzikrants.blogspot.se/
http://bitcoinmagazine.com/working-avalon-asic-confirmed/

creativex

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Activity: 434

Merit: 250

I received the company's second 7770 yesterday and set it to work mining so we'll see some additional profit from it today. Hash rate is presently just shy of 2100, but I believe I can squeeze a bit more out of our GPUs at least while the cold weather holds.

creativex

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Quote from: gabbynot on January 29, 2013, 09:05:45 AM

Quote

A demonstration will come by a customer very soon, if you wish to wait until then, go ahead; but you then run into the risk of not making into batch #2

That one line just screams "scam".

Yep, I can't get past it. I'm glad he said it as it makes it easy for me to sit on my hands if/when their 2nd batch order window opens. I cannot send them funds if those are the conditions.

gabbynot

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Quote

A demonstration will come by a customer very soon, if you wish to wait until then, go ahead; but you then run into the risk of not making into batch #2

That one line just screams "scam".

creativex

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Activity: 434

Merit: 250

Agreed, this is very peculiar. The scarce components have been changed from resistors and capacitors to inductors(coils) and mosfets(transistors), but this just brings up more questions. Such as:

How did he confuse these components? What's rare about inductors & mosfets?
How did they not see this supply shortage previously? CNY dates are not a secret nor is batch #2's shipping date.

Quote

A demonstration will come by a customer very soon, if you wish to wait until then, go ahead; but you then run into the risk of not making into batch #2

This reminds me of poor business practice or successful poker play. Force your opponents to make uncomfortable decisions.

usagi

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13

Quote from: creativex on January 29, 2013, 08:18:55 AM

This creepy post and a couple others have created a flurry of controversy on Avalon's thread:

Quote from: BitSyncom on January 28, 2013, 04:28:54 PM

I'm not imposing anything. A demonstration will come by a customer very soon, if you wish to wait until then, go ahead; but you then run into the risk of not making into batch #2, and where if I don't open orders now, I run into the issue not able to order parts before CNY, which has a pretty long lead time.

It seems there'll be no demos, no 3rd party reviews, not even any tracking numbers to confirm product shipment prior to batch #2 opening(...and presumably selling out).

https://bitcointalk.org/index.php?topic=137534.720

*frown*

Quote from: BitSyncom on January 28, 2013, 03:38:42 PM

...to put things in perspective we have cleaned the market of some certain parts like resistors and capacitors. We have to order directly from factories now, mountain of work to do.

I'm not sure this makes sense. There is so much oversupply in this market I doubt they could "clean the market" if they built a million units.

A month.

To "put things in perspective" there is still a supply of vaccum tubes from the 20s available for guitar players and their amps. They're a little expensive but they are there. ex. tubeworld.com which states "Our inventory consists mainly of tubes manufactured from the 1920's until the 1980's by the best manufacturers and name brands." If they're saying they are short on resistors and capacitors I think something is not right.

creativex

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Activity: 434

Merit: 250

This creepy post and a couple others have created a flurry of controversy on Avalon's thread:

Quote from: BitSyncom on January 28, 2013, 04:28:54 PM

I'm not imposing anything. A demonstration will come by a customer very soon, if you wish to wait until then, go ahead; but you then run into the risk of not making into batch #2, and where if I don't open orders now, I run into the issue not able to order parts before CNY, which has a pretty long lead time.

It seems there'll be no demos, no 3rd party reviews, not even any tracking numbers to confirm product shipment prior to batch #2 opening(...and presumably selling out).

https://bitcointalk.org/index.php?topic=137534.720

creativex

sr. member

Activity: 434

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Hello,

Yes, the plan to invest in ASIC mining hardware if & when it becomes available remains in place. The company has over 400BTCs in reserve for this very purpose. Thus far the ASICalypse as you so colorfully put it has been rather...lethargic.

almwaysa

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Hi
Just wondering if there are any ASIC plans after cancelling the BTCFPGA order.
buying GPUs will not be enough to survive the ASICalypse Grin

creativex

sr. member

Activity: 434

Merit: 250

Daily dividend of 0.32140173 paid.

The second 7770 is scheduled for delivery tomorrow, so time permitting I'll get it up and running and we should see a modest bump in dividends going forward.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Order #1345 CC refund received.

Hopefully the BTC refund goes as smoothly when Dave gets that far.

creativex

sr. member

Activity: 434

Merit: 250

Apparently the mere threat of a chargeback is enough. Horrible communication again as I've still received nothing but the order status has been changed to this:

Still no word on the larger BTC portion of the order. The $30 shipping charge was refunded previously.

creativex

sr. member

Activity: 434

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I'll attempt a chargeback if there isn't some communication soon. I just dislike the practice as It's been used to steal from me in the past. It's only $470 and Dave said recently he was getting started on refunds again. I'll give it till Monday, then look into the process with my bank.

🏰 TradeFortress 🏰

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Why not chargeback?

creativex

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On a more positive note, I've gotten one of the two new GPUs up and running. We're seeing right around 1900MH/s total. The increase will be partially reflected in today's dividend payment.

Cheers.

Topic: btt - page 99. (Read 407344 times)