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Topic: ☆☆☆ Opportunity to mine with Avalon ASICs ☞☞ Updated Prices - page 3. (Read 5488 times)

legendary
Activity: 1148
Merit: 1018
It would have made much more sense if you first bought the chips, then asked for funding. You are already a week behind of the first chip buyers, and you know time is everything in this game...
sr. member
Activity: 336
Merit: 250
have you ordered the chips or are you waiting for people to fund this project?
Regards

We are waiting for investors to fund this project and as soon as we hit 780 BTC we will order 10k of Avalon ASIC chips.
legendary
Activity: 1121
Merit: 1003
have you ordered the chips or are you waiting for people to fund this project?
Regards
member
Activity: 364
Merit: 10
4000+ BTC (net 15% management costs) for <3000 GH/s with a four month waiting period.

Vs.

80 BTC for >70 GH/s for batch 4.

Ummm...
hero member
Activity: 499
Merit: 500
Maybe an IPO (or two) would be a better way to do this.  Liquidity in trading your shares (class A and class B?) can only be a positive for the endeavour, I would have thought.
sr. member
Activity: 336
Merit: 250
This looks interesting? Any management fee discount for larger investors, let say >50 BTC

We ran through various numbers before arriving at the 15% management fee which is quite reasonable. We could consider a discount structure at a later stage. This will need some deliberation on our side.
sr. member
Activity: 336
Merit: 250
Interested, but MORE interested in hearing about your dev team. "If it was easy, everyone would do it."

Agree that it ain't easy. Members of our team are experienced in software development and electronics. We also have a senior member with Project Management experience.

We expect challenges along the way and are confident that we will be able to tackle them as they come along.


member
Activity: 112
Merit: 10
This looks interesting? Any management fee discount for larger investors, let say >50 BTC
sr. member
Activity: 336
Merit: 250
Q: What are the operating costs and management fees? guesstimate?

Operating costs are to be determined once the setup is complete. Management fee will be 15%. I have updated the OP accordingly.
sr. member
Activity: 303
Merit: 250
Interested, but MORE interested in hearing about your dev team.

"If it was easy, everyone would do it."
sr. member
Activity: 434
Merit: 250
Q: What are the operating costs and management fees? guesstimate?
sr. member
Activity: 406
Merit: 250
sr. member
Activity: 336
Merit: 250
EDIT: Group Buy Closed due to lack of interest and all investments has been refunded
sr. member
Activity: 336
Merit: 250
EDIT: Group Buy Closed due to lack of interest and all investments has been refunded
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