Topic: [Mining]Avalon Reselling and Hosting Plan (Read 10677 times)

Thanks for finaly putting this drama to an end, and thanks for everything else. We got screwed by Avalon but hopefuly learned a thing or few so it is not total failure.

BTC received, cya around!

Thank you for going beyond your call of duty and making things more than right!

Hi HorseRider,

Don't worry, as long as you find a proper ending to this plan, which you just did from my point of view, frustration is gone and forgotten, thank you. You fulfilled my expectations from your reputation.

I wish you the best with your new ventures, hopefully with less stress than currently.

Best regards,
ebloo

Hi all,

I feel a little bit guilty that I have abandoned this thread, and here is my sincerely apology. If you feel unhappy and any other negative emotions, I think it is real and I am really sorry. First I am seriously busy and working under high pressure, and there is something inside me that make things worse.

What happened: I have actually abandoned not only the thread, and also the mining farm. I don't have the time to take care of the unstable Avalon machines. I know there had been some miners mining, while more stopped mining. I did not have the time and incentive to repair it, or even logged into the pool account or remote access to check the status. And this April, the partners who provide the hosting room called me and discussed with me. He wants to stop the hosting operation and I thought I should follow his willing. So the mining farm has been shut down.

My ignorance of the hosting service duty is a price I have to pay, to make more important things happen and succeed. I will be responsible for your lose.

The last dividend was paid at 2013/12/20. According to my tools, from the 2013/12/20 and until the end of the life time of Avalon module, the life time earnings of the Avalon Gen-1 module will be 0.454 BTC. I will payout all the mining revenue without charging any more hosting fees.

To show an attitude, I will pay out more than twice this number, which is 0.999 BTC per module.  https://blockchain.info/tx/0fb96fc97a41fe2d9100a04e03a7bbf63d748435aa7ece8f7a748ffb0bde6434

giving the hashrate=22.5GH/s, power consumption=202W, electricity cost = 0.2USD/kwh and BTC exchange rate =1000, pool fee=2%



I will lock this thread in the next 48 hours. Thanks. Let's move on and the past is gone.

PM him, he doesn't monitor this thread.

HorseRider,

Would you please take the time to properly end this hosting plan. We all invested some valuable time, stress and resources in it and letting your "customers" in the blank once you're not interested anymore seems harsh, to say the least.

I think we have not much expectation except a proper ending. In my case, and as planned from the beginning, I would like my due dividendes,  minus the fees needed to get my module back. This seems to me to be a legit request and I expect a proper answer. The sooner the better.

Regards
ebloo

Any updates?

HorseRider, we're waiting for your reply...

+1

I agree to the buyout offer only AFTER the pending dividends have been paid.

Thank you.

Just to clarify.

The buyout offer is a separate amount.

We will still get our share of the already-mined coins that have not yet been distributed. Right?

Thanks.

http://avalon-asics.com/product/avalon-gen1-module/

Currently sold for 1 BTC.


Bottom line it was your decision - sadly the wrong one. I believe that the offer should be somewhere between offered 0.75 and 1.
Do you agree?

Why bother with responding when you obviously don't understand a shit? Do you have any clue what were diffs of
SHA256 altcoins few weeks ago, or a month? Do you have any clue how much exchange ratio vs BTC went up lately,
and even more important, how little hashpower it takes to increase diffs 10 times and inevitably exchange ratio vs
BTC as well, most likely by over 10 times? No, you are clueless. Keep on mining Bitcoin and please STFU.

subSTRATA
This is not even funny, but now i do understrand why Ignore button is so attractively colored.
1st altcoins are changin their difficulty every 5 minutes, so your calculations are wrong
2nd fuckingAvalon themselves sold modules 1btc per each blade. it was month ago or so.

Problem with your price is the following, as I explained earlier in PM. If you are looking at mere GHashes per BTC than
yes, module is pricey, but you have it and it is already mining. There is no waiting as a part of some groupbuy, there
is no if module will be delivered on time, there is no if module will actualy work once delivered. It is hardware on your
hands right now. As such, it can be immidiately used to mine some SHA256 altcoin and, given current rates, it can earn
more than 0.75 BTC in very short period of time. You can see that there is always at least one SHA256 altcoin worth
mining more than Bitcoin at http://www.coinwarz.com/cryptocurrency

At the time of this post:

Hash rate: 21 GHashes
Power (Watts): 165 W
Power Cost ($/kWh): 0.05 (I totally doubt it costs you more)
Daily Power Cost (USD): $0.20

Unobtanium = earn 1 BTC in 49 days
Tigercoin = earn 1 BTC in 79 days
etc.

Bitcoin = earn 1 BTC in 112 days

All in all, even 1 BTC per module sounds like low offer. It would be nice if others involved in this groupbuy do the math
as well so that we can find some reasonable value.

Avalon Batch 3 is a shit. Back at that time, Avalon's credibility is a shit as well. Their refunding promise were not trusted by most of the community members. If they called me and wanted to ship, I had to chose to accept it. Sadly, I have to shift these negative ROI investment on the market.

Hi all,

I did not have the time to deal with this project, and it is not likely in the near future. I offer everyone to sell the module to me at 0.75BTC per module, which is higher than my projected life time mined coin. And you will likely believe the same.

Please discuss this offer, if I see most of you agree, I will make it

He did. The majority of the machines were his. He also didn't reject the refund, he requested a refund but they essentially forced the delivery on him. He decided it was better to take the machines over... well... nothing.

I hope we can get the next payout before the end of the year

+100500