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Topic: [CLOSED] Avalon Batch 3 Group Buy & Hosting - page 2. (Read 3005 times)

DrG
legendary
Activity: 2086
Merit: 1035
sent you my 6 btc i had on hand

Peewee you have a blockchain link for that transaction?  Not showing up in on my end yet.... nevermind, took a while to finds its way.

As I discussed with some of the members I will go ahead an buy the unit if it comes in stock using some of my own funds.  I already have too much exposure with BFL orders also so I didn't want to spend any more.  Plus I think it would be better if I kept out of the group buy to limit conflict of interest.
DrG
legendary
Activity: 2086
Merit: 1035
An extra layer of trust?

So what kind of proof are you going to be giving about real performance and fair division of profit?

This is something I was wondering how CoinHoarder was going to handle. I was thinking of making a dedicated account on a pool or pools and lock in the payment address.  Then we could distribute the login to everybody in the buy-in.  That way you could always check on the status and yell at me "hey dumbass, the miner locked up - restart it"  Tongue

As far as fair division - I used to invest a little with DeadTerra and he used to keep an Excel file.  If you have a fixed percentage column and a running dividend (every week or month) it would be easy to have Excel just calculate that.  Only payments would have to be done by hand, and if the group wants to they can assign somebody else to do that if I get too busy.

As far as insurance my wife's office is insured for over $250k, should be able to stick a miner in there.  CoinHoarder will probably have to reassess his policy with those 7 units as that's almost 50k of hardware.

In the even of my untimely demise everybody can harass my wife (since she knows about my bitcoin madness).  It's pretty easy to find my Trust if you look through all my old posts.

Sadly all these considerations may be of no use as it is in fact out of stock - I'll keep checking every 10 minutes though.
donator
Activity: 980
Merit: 1000
An extra layer of trust?

So what kind of proof are you going to be giving about real performance and fair division of profit?
newbie
Activity: 41
Merit: 0
sent you my 6 btc i had on hand
full member
Activity: 146
Merit: 100
Received 25BTC from elduce.

The units were going in/out of stock as people place orders and then fail to pay.  Total now is 52 BTC.  Need about 25 more to make this happen.
Out of stock. are you sure
DrG
legendary
Activity: 2086
Merit: 1035
Received 25BTC from elduce.

The units were going in/out of stock as people place orders and then fail to pay.  Total now is 52 BTC.  Need about 25 more to make this happen.
newbie
Activity: 41
Merit: 0
sent you a pm Doc...might still be able to get one.
full member
Activity: 189
Merit: 100
You are here ---------> but you're not all there.
This is tough but I just checked. Looks like Avalon batch 3 are out of stock now.
DrG
legendary
Activity: 2086
Merit: 1035
2.0 BTC received from jongaper, total 27BTC now
DrG
legendary
Activity: 2086
Merit: 1035
Opened back up again.  25 BTC collected thus far towards first unit.
DrG
legendary
Activity: 2086
Merit: 1035
CoinHoarder closed his group buy again... you're killing me Larry.

If there is enough interest to buy at least 1 unit I will start a group buy.  Post how much you're willing to commit.  So far I have 25 BTC from qwk
qwk
donator
Activity: 3542
Merit: 3411
Shitcoin Minimalist
DrG
legendary
Activity: 2086
Merit: 1035
I updated the details and opened it to worldwide, not just Southern California.


Investor #   User Name     Amount Invested    BTC Address
       1            qwk               25.0                    
       2            jongaper         3.0
       3            elduce           25.0
       4            peewee          6.0
       5            mbor2k           5.0
       6            anonymous     10.0

Total 73.0 BTC received at 173eWSr3vMzhZkh75Pg5SZ2MxXxJnkPyig


Pledged to invest should units become available (20-30 BTC)
sloper       10 or 20 BTC
zif33rs       5 BTC
btc2cards  3 BTC
monstrs     2 BTC
DrG
legendary
Activity: 2086
Merit: 1035
It looks like there's not too many people in SoCal who want to jump in on this (or they have big bucks and already bought their own units).  Since CoinHoarder put his Group Buy on hold I'll open this up to anybody worldwide.  I already placed my order for Batch #3 and thought it would sell out by now but looks like the price seems like a barrier to entry for most people.

The building I have been mining in the last 2 years is my wife's office and she's been very accommodating of my GPU farm, so having 3 or 4 Avalon units shouldn't be an a problem.  I may even buy a portable AC unit just for them if Bitsyncom thinks its a good idea.  The building is very secure with cameras and is located in front of a hospital so it even has security guards patrolling at night.

- A "small" administrative fee of 4% would be paid to maintaining an emergency fund for repairs or maintenance of the unit.  Electricity is included in my wife's office lease so for now consider it free for now.  Mining will be done on a pool (most likely OzCoin or BTCGuid).
- Dividends would be paid weekly until the group has majority agreement of when to decrease frequency.
- Shipping costs will be taken from the first dividend payment
- The mining pool will be decided by the group.  If a consensus cannot be reached I'll mine the pool I deem most stable and profitable.
- Dividends will be paid on a proportional basis.  If you contribute 1 BTC, for example, and the unit costs 75BTC, your dividends would be 1/75th of the gross interval revenue (BTC earned minus pool fees and 4% admin fee).
- The unit will be kept mining until it breaks, we all agree to sell it, or the sun explodes - whichever comes first.
- Anybody is welcome to come over and check out the unit.
- If enough funds are not collected to purchase a unit in its entirety the funds will be returned to the sender.
- Minimum investment is 2 BTC.
- I will provide my personal info as well as my wife's info for people in the group.  My wife and I are both incorporated professionals and have state licenses in medicine and orthodontics.  If we go on the run, we're probably leaving the country  Tongue

Only invest what you're willing to risk.  While it's a pretty good bet that Avalon will deliver in a few months, there is no guarantee that the unit will see a full ROI before it breaks or something happens to Bitcoin.  That being said, think about this - if the difficulty stays low enough for ROI under 6 months, some company will most definitely put out more units - be it Avalon, BFL, ASICMiner, Helve....  If you don't mine with ASIC now you may as well give up and just focus on the commerce portion or trading aspect.

If you're interested PM me with your BTC address and the amount you are sending.  Send payments to 173eWSr3vMzhZkh75Pg5SZ2MxXxJnkPyig

For reference see my Heatware http://www.heatware.com/eval.php?id=955
I have been trading online since medschool (2000).  You'll notice all the AMD voucher games I recently sold after getting my last hurrah batch of 7950s  Tongue

If you want to invest but want to remain anonymous then just let me know and I'll record you as anonymous - you can reference yourself by the investor #
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