Topic: store.avalon-asics.com - "prepping for batch #3" (Read 7997 times)

there is plenty of competition, google ASICminer


"Bullshit"

Seriously, stop with these stupid assumptions. Where are they mining? Solo mining? On a pool? Which one? You really think people would not notice?


ASICminer is at least twice as big as Avalon at this point, start trolling their threads ;-)
(both as Chinese though, so as a conspiracy nut, you are onto something)

Unfortunately, without underlying fiat currency, crypto currency is valueless - until that changes, everyone needs fiat. If you run out of food or shelter, it will be really hard for you to find some now with e-currency.

Well, thinking in btc: this has always been a gamble. For batch #1 and batch #2 customers, because they did not know if the units were real. But they knew that if they won that gamble, they would have had a high profit. For batch #3 customers, the bet is on the difficulty. As said earlier: given the current network and the total hashing power that will be deployed ONLY by AVALON, you will get your ROI in 100 days. That's a nice investment. But IF BFL and/or ASICminer deploy more hashing power... Then it's a losing proposal also if you think in BTC.

+infinity

You have to stop thinking in USD and think in BTC

A batch #1 Avalon cost about BTC 106 when it was paid in September 2012

The question is: how long does it take to earn back the BTC at current difficulty when the machines are delivered?

None of the Batch #1 Avalons (except the first 3) have earned back their value in BTC amount, but they are coming close (mine have earned BTC 78 each by now)

Batch #2 machines were cheaper and Batch #3 machines will be even cheaper, but difficulty will go up dramaticly. If you break even after 100 days, you can be glad. I wish my other investments broke even in 100 days and after that started generating free profit

If you want to look at the USD value, you are way better off to buy BTC and store it for 100 days, you will have a lot more 'profit' that way in USD but you will not have more BTC

What is your game? You want more USD or more BTC? Choose wisely ;-)

Thanks, 88BTC is not much more than 75BTC that was paid for batch #2.1
I know at that time the BTC/USD exchange rate was different.

It was clear this would happen .. earlier or later .. seeing the prices on ebay going to like 10.000 € per unit for a pre-order and people really demanding the unit..

Many people also believe in all this obvious scam's (i.e. primeasic & co) because market really wants ASICs.

As long as there is no competition, they can take any price they want - this is what they do now..

Compared to labour price in China > 5000 $ for a unit is making someone really, realy rich over there..
(and 600 Units * 5000 $ makes 3.000.000 $... )

I'm thinking they are mining themselves with the units as long as they can before shipping which gives them some extra $ too..

I really really hope BFL ships soon, otherwise btc will have a real problem soon as (mining) market is more or less controllable by one company (in china) ... which will make it drop really hard as soon as "investors" realize

It is confirmed. Follow this link (the announcement is by avalon official): http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fbbs.btcman.com%2Fforum.php%3Fmod%3Dviewthread%26tid%3D1550%26extra%3Dpage%253D1

Please do your own research. That is the confirmed price.

At the end of the day I'm sure this will benefit BFL. As this is betting, I'm sure that some of the ones that saved money for their batch #3 units, will prefer to bet on BFL... Just because is cheaper, so in case BFL finally manages to deliver, the expected profit is much higher.

And when (and if) the first BFL unit arrives to customers hands... Expect a huge rush to get one of their units.

Can someone please point me to the page that gives these 88BTC and 111BTC prices ?
Until then, I think mentioning these high prices for batch #3 is FUD.
The only thing I see at store.avalon-asics.com/?product=avalon-asic-unit is a rotating 'diamond'.
Perhaps someone of the Avalon team pulled a prank on us, by putting up this price for a few minutes, and is now LHAO ?

Thinking about it more - there was a good chance this would happen.  With a single supplier in the market, they can charge as much as they want (as long as they clear their stock).  Classic supply/demand curve.  Without more supply (BFL?), we are at the mercy of a monopoly supplier.

On the plus side, a market where people can charge $6000 for a product that is profitable at $1500 (assuming the batch 1/batch 2 prices in the $1500 ballpark was profitable for them) is a pretty decent incentive for other players to enter the market.   At a batch size of 600, and a monopoly profit of $4500 per unit, that is $2.7 MILLION of monopoly profit for that one batch.

That kind of money is more than the cost of developing an ASIC-based product (based on nothing more than what I've gleaned from these forums).  So assuming batch 3 sells out (which I don't doubt it will, and if I had picked up hundreds of coins in the sub-dollar days I'd probably buy one just to support the network), then what you're looking at is a guaranteed ROI for someone else to join the fray.

Even assuming BFL actually ship something soon (any maybe that's the reason for the price - this could be Avalon's last hurrah before BFL ship a superior product), there seems like there is still plenty of room for another player or two.

And more food for thought - what do you think Avalon are going to do with the 54000 (approx) btc they get for this batch sale?  At least some of that will have to be sold to pay "real" money to their suppliers, pay wages, expenses etc.  Unless they decide to keep a significant portion of the sale proceeds and monopoly profits in btc, then there will be a decent chunk of btc for sale in the market in the near future.  Which is fine by me - I'm a believer, and any dip is an opportunity to buy more as far as I am concerned.

Yeah, if I had hundreds upon hundreds of coins mined from the early days I'd jump on board.  I don't, and when you consider where the difficulty is likely to go in the next few months before batch 3 ships, I doubt there is much if any profit to be had, and $6k is a lot of money to put behind "supporting the network".

Yep - that is 100% true. Better bet is to invest BTC in market for players already having the hash power (get the hint). If this is the pricing structure, that is what I am going to do,

At 1.500usd it was quite a safe gamble. At +5.000usd the expected value is negative. Unless BFL is a complete scam, and no other player delivers a single ASICs, 90btc is a losing proposal for sure.

At that price I would only buy one if I had hundreds of btc, mined/bought when the exchange rate was much lower. Which unfortunately is not the case.

Except btc is now trading at $60, making the units considerably more expensive...

I think the prices are based 20 dollars USD per btc.

so about 1750 dollars for 3 unit Avalon without power supply

88 Bitcoins? That's over $5000. What the fuck? I thought they would only cost $1500.

WOW! 
115BTC with ATX Power Supply and 4 Modules

Avalon ASIC Unit – Batch Three
From: ฿88.00


store.avalon-asics.com/?product=avalon-asic-unit