Incoming Avalon News 8/9/2013 - page 34.

erk

hero member

Activity: 826

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Quote from: jspielberg on August 27, 2013, 10:38:56 PM

The other chips (bitfury and their own 28nm) mentioned in the article make more sense for long term mining (as stated).

I don't think they were planning on getting to 4PH on Avalon chips.... you would need your own power station.
The part of the article that didn't make sense to me was the "supercomputer"? A super computer would be crappy as a hasher compared to an asic.

Maybe the whole article is full of crap... /shrug

Even if they get better chips, the hash rate is rising faster than Moore's Law, which works on hardware performance doubling every 18mths. I don't think ASIC mining scales to suit big farms. I think it is best for home users with no staff or rent overheads, I might be wrong, but so far none of the big projects make sense on paper unless BTC/USD starts doubling in price every few months.

I bet when the big farms made their plans, they didn't know about KNCminer, Hashfast, Cointerra, BFL 28nm etc.

Syke

legendary

Activity: 3878

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Quote from: erk on August 27, 2013, 10:34:45 PM

It's quite laughable, 4PH/s of obsolete 110nm Avalon chips with no chance of ROI, probably wont even cover power costs.

Don't be ridiculous. It's going to be quite some time before Avalon chips can't cover power costs.

jspielberg

sr. member

Activity: 490

Merit: 255

The other chips (bitfury and their own 28nm) mentioned in the article make more sense for long term mining (as stated).

I don't think they were planning on getting to 4PH on Avalon chips.... you would need your own power station.
The part of the article that didn't make sense to me was the "supercomputer"? A super computer would be crappy as a hasher compared to an asic.

Maybe the whole article is full of crap... /shrug

erk

hero member

Activity: 826

Merit: 500

Quote from: AsicShill on August 27, 2013, 10:28:48 PM

I am sure everyone has seen it already... but BigTimeCoin has received his 4/17 bulk chip purchase.
https://bitcointalksearch.org/topic/m.3021324

There was also a rumor that Zefir received 4 batches over the weekend.
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/

Maybe like rip van winkle... Yifu has awoke from his slumber to see that world has changed (and maybe unlike Rip, Yify has started to do something about it).

It's quite laughable, 4PH/s of obsolete 110nm Avalon chips with no chance of ROI, probably wont even cover power costs. What were they thinking? What sort of a business plan is that? I know, more must be better!

AsicShill

newbie

Activity: 42

Merit: 0

I am sure everyone has seen it already... but BigTimeCoin has received his 4/17 bulk chip purchase.
https://bitcointalksearch.org/topic/m.3021324

There was also a rumor that Zefir received 4 batches over the weekend.
http://www.coindesk.com/bitmine-to-drop-4phs-of-asic-power-onto-bitcoin-network-before-april/

Maybe like rip van winkle... Yifu has awoke from his slumber to see that world has changed (and maybe unlike Rip, Yify has started to do something about it).

BFL - CEO

newbie

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Quote from: BitSyncom on August 07, 2013, 11:31:12 PM

the "i'm not dead thread."

Just got off the plane, expect lots of news tomorrow.

People who believe in this fool deserve what's coming to them!

CoinHoarder

legendary

Activity: 1484

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In Cryptocoins I Trust

Prison? Jeez.. I'm as upset with the delays as anyone, but this seems a little harsh.

I do agree though that Avalon are basically scammers at this point.

Stack

full member

Activity: 238

Merit: 100

Quote from: baloo_kiev on August 27, 2013, 03:03:46 PM

Quote from: mruiter on August 27, 2013, 02:57:36 PM

I want Yifu's head on a stick.

Its bad to fall of the earth. It's for a small kid to say i'm not death after no communicatio to people who gave you millions. The worst part is to lie / scam and still not doing anything the third time.

+1

I just want to see Avalon top managers in prison. Don't really care about chips or refund. They can have it back.

+1

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Quote from: -Redacted- on August 27, 2013, 06:22:56 PM

I'd buy all 500 at $10 USD per chip. Not interested at $31 per chip...

lol who cares how much you are willing to pay
The point is that it's 90% confirmed that those chips are widely available in china.
Still waiting for photo with timestamp from that seller tho.

-Redacted-

hero member

Activity: 574

Merit: 501

I'd buy all 500 at $10 USD per chip. Not interested at $31 per chip...

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Quote from: itod on August 27, 2013, 02:39:19 PM

Quote from: pajak666 on August 27, 2013, 01:50:08 PM

OK It's confirmed, today I got offer from local chinese reseller (in Poland) for Avalon chips.
He got them from china in ammount of 500 pieces. He is not a bitcoin miner, he is not even aware what are these chips really designed for.
He is just regular chinese electronics reseller.
I will try to provide photo confirmation asap (tomorow according to seller).
Alibaba offers are real!!

May we know the price he is asking from you?

31 usd per chip, according to what he says someone ordered 500 chips by him (he was just a middle man) and did not show up to pick his order.
That's how he got those chips

baloo_kiev

sr. member

Activity: 476

Merit: 250

Quote from: mruiter on August 27, 2013, 02:57:36 PM

I want Yifu's head on a stick.

Its bad to fall of the earth. It's for a small kid to say i'm not death after no communicatio to people who gave you millions. The worst part is to lie / scam and still not doing anything the third time.

+1

I just want to see Avalon top managers in prison. Don't really care about chips or refund. They can have it back.

mruiter

sr. member

Activity: 281

Merit: 250

I want Yifu's head on a stick.

Its bad to fall of the earth. It's for a small kid to say i'm not death after no communicatio to people who gave you millions. The worst part is to lie / scam and still not doing anything the third time.

itod

legendary

Activity: 1988

Merit: 1077

Honey badger just does not care

Quote from: pajak666 on August 27, 2013, 01:50:08 PM

OK It's confirmed, today I got offer from local chinese reseller (in Poland) for Avalon chips.
He got them from china in ammount of 500 pieces. He is not a bitcoin miner, he is not even aware what are these chips really designed for.
He is just regular chinese electronics reseller.
I will try to provide photo confirmation asap (tomorow according to seller).
Alibaba offers are real!!

May we know the price he is asking from you?

ibminer

legendary

Activity: 1789

Merit: 2535

Goonies never say die.

Quote from: bigbeninlondon on August 27, 2013, 02:16:24 PM

Ugh... I just want some chips damnit. Cry

+1 to this.

Quote from: cedivad on August 27, 2013, 01:08:55 PM

Quote from: -Redacted- on August 27, 2013, 01:04:55 PM

The last person that tried got hurt by his bodyguards....

Link? Pics? I've never seen a single proof of it.
Anyway, we just have to hire bigger bodyguards.

I don't buy it.

Yifu - Karma is a bitch

On a lighter note, I think I figured out who Yifu is trying to represent himself as... Leslie Chow. Grin

http://youtu.be/ugaZihPC10I

Come on people, lets try to keep some humor in the situation!

bigbeninlondon

hero member

Activity: 742

Merit: 500

Ugh... I just want some chips damnit. Cry

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: pajak666 on August 27, 2013, 01:50:08 PM

OK It's confirmed, today I got offer from local chinese reseller (in Poland) for Avalon chips.
He got them from china in ammount of 500 pieces. He is not a bitcoin miner, he is not even aware what are these chips really designed for.
He is just regular chinese electronics reseller.
I will try to provide photo confirmation asap (tomorow according to seller).
Alibaba offers are real!!

He is not aware of what these chips are designed for, yet he is selling them and paid a premium for them?

What sounds wrong with this?

I'm not into Yifu, he probably cost all of us in many ways, but something isn't right in your statement.
Maybe he is scamming you...

IAS

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

OK It's confirmed, today I got offer from local chinese reseller (in Poland) for Avalon chips.
He got them from china in ammount of 500 pieces. He is not a bitcoin miner, he is not even aware what are these chips really designed for.
He is just regular chinese electronics reseller.
I will try to provide photo confirmation asap (tomorow according to seller).
Alibaba offers are real!!

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: fiktionist on August 14, 2013, 03:25:37 PM

a friend of mine just told me on the phone, that he has seen yifu the other day in NY. He was trying to ask him but some bulldozer guys took care of him, he went to hospital...

is this yifu's way of telling his customers "HAHA SCREWD!" ?

^^ if this is all we have...

mruiter

sr. member

Activity: 281

Merit: 250

Quote from: cedivad on August 27, 2013, 01:08:55 PM

Quote from: -Redacted- on August 27, 2013, 01:04:55 PM

The last person that tried got hurt by his bodyguards....

Link? Pics? I've never seen a single proof of it.
Anyway, we just have to hire bigger bodyguards.

Professional hitman does not cost that much in poland, the ticket to New York will cost more 8P

Topic: Incoming Avalon News 8/9/2013 - page 34. (Read 186795 times)