Incoming Avalon News 8/9/2013 - page 80.

atcsecure

hero member

Activity: 756

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[/quote]
No dude, there are more miners jumping on the network than the 500 GH that Avalon is dropping with its chips and batch 3. The difficulty just went up from 33 to 37 million without the 500 GH and is expected to jump to 45 without the 500 GH. Everyday more people are jumping on board - the idea is to beat all those people to the network.

Quote

Greed is a very hard wall to break down, even with logic.

You are an idiot. You are one of the greediest d-bags on these forums.
[/quote]

who is jumping on the network and with what equipment? Huh

? if nobody is shipping how is the hash rate rising so fast Huh

? with GPU's?? lol.. we are being scammed

Vigil

sr. member

Activity: 378

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Quote from: Rakessh on August 09, 2013, 11:06:44 AM

Quote from: Vigil on August 09, 2013, 10:59:31 AM

Quote from: Rakessh on August 09, 2013, 10:54:16 AM

I only partially see what all the fuzz about lost time on low difficulty is about.
I mean, if the hash rate in june was about 200TH and you add another 1100TH in june or august won't matter that much since you would
increase the difficulty by >5x factor anyway, the only other problem would be IF some of the other asic operators start
shipping BULK (now, october, later, or never). Roll Eyes

Because it still takes time for the difficulty to increase. All the time that is lost other ASICs not made by Avalon are jumping into the network. This is common sense.

It taking time is just a function that it will increase when a certain number of blocks get done in x amount of time. If it's going too fast, then it goes up.
Now. Those blocks would all be solved 5x faster, so instead of the usual... what? 14 days, it would take less than 3 days mining at that difficulty before BOOM... you get 80+% reduction in your btc income.

So I don't think your point is valid.

No dude, there are more miners jumping on the network than the 500 GH that Avalon is dropping with its chips and batch 3. The difficulty just went up from 33 to 37 million without the 500 GH and is expected to jump to 45 without the 500 GH. Everyday more people are jumping on board - the idea is to beat all those people to the network.

Quote

Greed is a very hard wall to break down, even with logic.

You are an idiot. You are one of the greediest d-bags on these forums.

Rakessh

full member

Activity: 205

Merit: 100

Quote from: Vigil on August 09, 2013, 10:59:31 AM

Quote from: Rakessh on August 09, 2013, 10:54:16 AM

I only partially see what all the fuzz about lost time on low difficulty is about.
I mean, if the hash rate in june was about 200TH and you add another 1100TH in june or august won't matter that much since you would
increase the difficulty by >5x factor anyway, the only other problem would be IF some of the other asic operators start
shipping BULK (now, october, later, or never). Roll Eyes

Because it still takes time for the difficulty to increase. All the time that is lost other ASICs not made by Avalon are jumping into the network. This is common sense.

It taking time is just a function that it will increase when a certain number of blocks get done in x amount of time. If it's going too fast, then it goes up.
Now. Those blocks would all be solved 5x faster, so instead of the usual... what? 14 days, it would take less than 3 days mining at that difficulty before BOOM... you get 80+% reduction in your btc income.

So I don't think your point is valid.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Rakessh on August 09, 2013, 10:54:16 AM

I only partially see what all the fuzz about lost time on low difficulty is about.
I mean, if the hash rate in june was about 200TH and you add another 1100TH in june or august won't matter that much since you would
increase the difficulty by >5x factor anyway, the only other problem would be IF some of the other asic operators start
shipping BULK (now, october, later, or never). Roll Eyes

Because it still takes time for the difficulty to increase. All the time that is lost other ASICs not made by Avalon are jumping into the network. This is common sense.

Rakessh

full member

Activity: 205

Merit: 100

I only partially see what all the fuzz about lost time on low difficulty is about.
I mean, if the hash rate in june was about 200TH and you add another 1100TH in june or august won't matter that much since you would
increase the difficulty by >5x factor anyway, the only other problem would be IF some of the other asic operators start
shipping BULK (now, october, later, or never). Roll Eyes

Loredo

full member

Activity: 238

Merit: 100

Quote from: Vigil on August 09, 2013, 10:40:58 AM

There is a difference in investing what you can afford and losing it due to "things just didn't turn out well" as opposed to an intentional scam potentially involving individuals who are commenting on this thread.

The moment you give somebody your money without offsetting receipt you lose control. At that point all you have is trust.

You trust in that person's character.
You trust in that person's business sense.
You trust in the business environment that person must operate.

If your trust is violated, in any one of those aspects, you lose. There are scams perpetrated by con men. Then there are scandals, perpetrated by character flaws, of poor business judgment and acumen, or by lawless and corrupt environments.

I'm morally certain Mr. YiFu is not one of the first type. But I'm equally sure that Avalon, today, is the result of the perfect storm of failure in all three of the latter types of trust.

MinermanNC

legendary

Activity: 2198

Merit: 1000

What all the uproar? the chips will start shipping again late next week. All will be fine. No one else is getting any right now so no new huge up tick in the network hash. (except for those pesky little block eruptors) lol, ok time to go to earn some real money for a while for a few hours

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: ?? on ??

Quote from: Loredo on August 09, 2013, 10:31:14 AM

Quote from: Vigil on August 09, 2013, 10:24:25 AM

They have had all this time to become a better company and they have not become one, so why would you consider supporting them in the future?

If they could provide a working product - incontrovertibly, and with full consumer protection - in my eyes, that redeem them fully, buy bringing bitcoin out of the current lawless wilderness of predator and prey.

So, therefore, whatdya think the chances of that happening really are?

Exactly,

All of us are mad, but the people most mad didn't follow the golden rule.

"Only invest what you can afford to lose"

These people will likely leave the mining industry altogether.

I for one will take the best deal regardless of a companies past dealings. Hell even if BFL has stock on shelves with proven delivery I'd even buy from them again.

Apparently the above statement will likely make me a "Shill" for BFL too.

There is a difference in investing what you can afford and losing it due to "things just didn't turn out well" as opposed to an intentional scam potentially involving individuals who are commenting on this thread.

Loredo

full member

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Quote from: Flying Hellfish on August 09, 2013, 10:26:22 AM

I hate to admit it but I was born a number of years before 77

Nothing to be ashamed of there. In fact, the probability of being able to make it out of Deadwood with your wallets - bitcoin and leather - intact is almost certainly highly correlated with age.

-Redacted-

hero member

Activity: 574

Merit: 501

Quote from: -Redacted- on August 09, 2013, 09:17:16 AM

He posted the news.

They're working on generation 2 of the chips and won't be selling the gen-1 chips once they're out of stock. Also, they won't be doing pre-orders from this point on, only shipping from stock. Also, the mafia is after them, which is why no response for 5 weeks. And the chips should be shipping again by "the end of next week".

androz

hero member

Activity: 728

Merit: 500

Crypto-ideologist

Quote

the "i'm not dead thread."

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

i missed something Cheesy

i didn't find the "today's news"..... Roll Eyes

(maybe r hidden in the 30 pages of thread?)

Loredo

full member

Activity: 238

Merit: 100

Quote from: Vigil on August 09, 2013, 10:24:25 AM

They have had all this time to become a better company and they have not become one, so why would you consider supporting them in the future?

If they could provide a working product for immediate delivery - incontrovertibly, and with full consumer protection - in my eyes, that would redeem them fully, by bringing bitcoin out of the current lawless wilderness of predator and prey.

So, therefore, whatdya think the chances of that happening really are?

Loredo

full member

Activity: 238

Merit: 100

Quote from: Flying Hellfish on August 09, 2013, 10:21:59 AM

Quote from: erk on August 09, 2013, 10:16:40 AM

The days of ASIC pre-payments are rapidly coming to an end. One string of ripoffs after another, with no light at the end of the tunnel.

I wish I could believe this, but I think you might be underestimating the $ in peoples eyes even still. Look at the last (well all of really LOL) the recent offerings and they all only offer full payment pre-orders and appear to be selling lots of them...

Yea, and HashFast is demanding payment in forms with no embedded consumer protection (in the guise of "hey, the is Bitcoins. Credit cards and Paypal are the hated Old Economy."), but they're almost down to 10 bucks a GH, so they're a bargain. The dream goes on.

By the way, that HashFast bunch is the poster child for Too Clever By Half. Watch them work; it's a thing of beauty.

Flying Hellfish

legendary

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Verified Bernie Bro - Feel The Bern!

Quote from: Loredo on August 09, 2013, 10:21:54 AM

Quote from: Flying Hellfish on August 09, 2013, 10:12:02 AM

Maybe now people will start to understand why ALL FULL fucking PAYMENT pre-orders are really really bad for most consumers

No. No, they won't. A man named Ed Miller explained why in the Journal of Finance before most of you were born (1977?).

He pointed out that only in perfect information markets is the demand curve flat (homogeneous expectations, like the theory states). When there's imperfect information, then it's not, and the price (and, here, the terms) are set by the most optimistic (a kind term for "biggest fools"), which are often quite a ways from the median or the consensus.

So as long as information is imperfect, there will always be a sloping demand curve, with plenty of room for plenty of fools to enrich even the most brazen of scammers.

I hate to admit it but I was born a number of years before 77, and ya Miller was right, it goes to my "gold rush mentality" statement at the end of my post

Vigil

sr. member

Activity: 378

Merit: 250

Some of the people in the group buys already have their miners and are mining with them - for everyone else they will wait until that group has their ROI and then ship yours out, i.e., when it is too late and they are already purchasing gen 2s in Oct.

Already, guys like Bargraphics are shilling for Avalon for Gen 2:

Quote

While Avalon has totally let us down and screwed us over, they are far ahead of bitfury in terms of development time.

They will likely have their Gen 2 out prior to bitfury (If he has one being made).

Their newsletter also stated they will not be selling Pre-Orders anymore so this might be excellent for customers.

They've had all of this time to become a better company, see the issues that have risen, and try to fix them going forward.

One can hope they do improve but currently yes we all hate Avalon but if they offer a great deal in the future with instock items I won't let this get in the way.

Time will tell.

They have had all this time to become a better company and they have not become one, so why would you consider supporting them in the future?

Flying Hellfish

legendary

Activity: 1764

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Verified Bernie Bro - Feel The Bern!

Quote from: erk on August 09, 2013, 10:16:40 AM

The days of ASIC pre-payments are rapidly coming to an end. One string of ripoffs after another, with no light at the end of the tunnel.

I wish I could believe this, but I think you might be underestimating the $ in peoples eyes even still. Look at the last (well all of really LOL) the recent offerings and they all only offer full payment pre-orders and appear to be selling lots of them...

Loredo

full member

Activity: 238

Merit: 100

Quote from: Flying Hellfish on August 09, 2013, 10:12:02 AM

Maybe now people will start to understand why ALL FULL fucking PAYMENT pre-orders are really really bad for most consumers

No. No, they won't. A man named Ed Miller explained why in the Journal of Finance before most of you were born (1977?).

He pointed out that only in perfect information markets is the demand curve flat (homogeneous expectations, like the theory states). When there's imperfect information, then it's not, and the price (and, here, the terms) are set by the most optimistic (a kind term for "biggest fools"), which are often quite a ways from the median or the consensus.

So as long as information is imperfect, there will always be a sloping demand curve, with plenty of room for plenty of fools to enrich even the most brazen of scammers.

bitcoiner49er

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Quote from: erk on August 09, 2013, 10:16:40 AM

The days of ASIC pre-payments are rapidly coming to an end. One string of ripoffs after another, with no light at the end of the tunnel.

Even if someone has "stock", there can still be shipping delays. It will take proven delivery and reliable updates. ASICminer has one of the 2 solidly under itself. Updates are still a little meh.

PuertoLibre

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erk

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The days of ASIC pre-payments are rapidly coming to an end. One string of ripoffs after another, with no light at the end of the tunnel.

Topic: Incoming Avalon News 8/9/2013 - page 80. (Read 186712 times)