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Topic: The latest Avalon announcement in China(Translated). Batch #3, price and more. - page 12. (Read 36556 times)

legendary
Activity: 1176
Merit: 1001
Avalon ASIC just sold on Ebay for 15.000 USD - so much for auctioning them. I stick to GPU mining, you guys go ahead and destroy the BitCoin mining ecosystem with your greed. Low Watts is good for real ecosystem -Mother Nature- tho.

The winning bid was USD 20, 600.  I'd say it's a reflection of the greed of miners more than anything else.  Whoever bought it didn't do so to secure the network.

Avalon probably didn't even make a profit on the sale of that Batch 1 unit.  The original purchaser cleaned up and the person they sold it to is hoping to clean up too.
Link? How can the seller be sure he will not be scammed by the paypal ecosystem?
hero member
Activity: 868
Merit: 1000
Avalon ASIC just sold on Ebay for 15.000 USD - so much for auctioning them. I stick to GPU mining, you guys go ahead and destroy the BitCoin mining ecosystem with your greed. Low Watts is good for real ecosystem -Mother Nature- tho.

The winning bid was USD 20, 600.  I'd say it's a reflection of the greed of miners more than anything else.  Whoever bought it didn't do so to secure the network.

Avalon probably didn't even make a profit on the sale of that Batch 1 unit.  The original purchaser cleaned up and the person they sold it to is hoping to clean up too.
hero member
Activity: 826
Merit: 518
Avalon ASIC just sold on Ebay for 15.000 USD - so much for auctioning them. I stick to GPU mining, you guys go ahead and destroy the BitCoin mining ecosystem with your greed. Low Watts is good for real ecosystem -Mother Nature- tho.
donator
Activity: 1617
Merit: 1012
Just expressing my perspective, that's all.
Well for whatever reason you came late to the party. The choices available today are different that what they were 6 to 9 months ago. Back then, there was no guaranteed ASIC vendor. Now Avalon has become one, but you have to pay a premium price for one of their units.

If you want cheap ASICs at the non-guaranteed price point you could still go with BFL, but you'd need to get to the back of line. I am still waiting for my June 2012 pre-order. For that matter, I still have not received my Batch 1 Avalon order paid for in late October, but I believe that it might be on its way.

Still, it is unfortunate that there is no mini-Avalon. Whether priced in BTC or USD, the equivalent of $6K per unit is a high barrier to entry into ASIC mining.
legendary
Activity: 1302
Merit: 1008
as a core developer, i look upon all Avalons as my son. i will send them to who believe us, not the faithless or buzzard.
Good point, Ngzhang. Thanks for making Bitcoin stronger.
legendary
Activity: 1246
Merit: 1002
what a pitty.... missed batch #2 because I was unable to get my money converted to BTC fast enough and now when I did read about batch #3 on monday I went on and bought BTC but only calculated with 1599$ like it was for batch #2 -.-

I completly understand the position of Avalon team, but the risk for the customers is a bit too high for me now. (But I'm looking for joint ventures if anyone is interested...)

A joint venture requires trust also.
legendary
Activity: 1246
Merit: 1002


Like I said, I really wish the BTC to crash once you have your ordering started - will see where your lecture goes.

Haha, so much hate, what did you miss out on batch #1 and 2 or something? Willing to make a comment based on the negative outcome of Bitcoin as a whole just to get at me.

I do not hate you. I do not even know you. I am a new comer in BTC market, and certainly was prepping my investment based on previous batch prices, so I expected something in $1800 range. I do not have BTC mined from earlier, so purchasing BTC with usd at 64+ is out of my capacity.

With the strategy change from accepting USD to BTC, potential customers and newcomers like me are screwed, without any hope to get into mining, since other than ASIC every other h/w is outdated.

The strategy of taking BTC is making sure, the people who bought batch 1 or 2 will keep on buying with the produced BTC (or the old time miners), and does not welcome new comers. Are you expanding the market with that ?

To be fair, why don't you give both choice of paying in BTC, or equivalent in USD ? Then there would be a fair chance. It is extremely hard to collect USD and then convert to BTC. Does that make sense ?

What I have been saying is purely my feeling as a new entrant in the market, who feels that he is out of option, just because this pay with BTC thing.

Again, I do not have anything personal with you or anyone at Avalon, so please do not take in that way.


Never give up.
If you have $1,500 that is more or less equivalent to BTC 23.
If you can make a consortium with 3 additional people who have $1,500, your consortium can purchase a batch 3 machine.
Don't complain: plan for success.
DrG
legendary
Activity: 2086
Merit: 1035
= now just 88BTC

Buy one today!
member
Activity: 95
Merit: 10
it seem that BFL is getting closer to get their chip finalized.

https://twitter.com/BFL_News


potential buyer need to consider if BFL start shipping in next few week or buying a five grand avalon batch 3 that will arrive in June.
legendary
Activity: 1973
Merit: 1007
I stand corrected, I thought they started preorders at the same time as BFL. In any case, my point was, people did not expect to make $6k+ a month with Avalon when purchasing batch 1 and 2. It was widely expected that BFL would beat them to market with both batches. Now that their profitability is more certain, why would Avalon want to give miners an all but guaranteed 4x ROI?

If you want to ensure AVALON doesn't mine with their own devices, you are going to have take a little hit on profitability.
hero member
Activity: 840
Merit: 1000
ITT: Entitled miners

ngzhang is absolutely right.  Batch 1 and Batch 2 customers took a large risk.  Now, it is proven that Avalon delivers machines that essentially print money and it doesn't make any sense for them to sell them so cheaply.

$5-6k is still a very reasonable price for a 60Gh/s machine, as BFL has not shipped yet.  If BFL ships in mass before the batch #3 store is opened, then I could see Avalon reevaluating their pricing.

[...] why would ASIC vendors sell a machine for $1500 that make 6-8k a month? I think this answers the question pretty clearly, They wouldn't!

Seems you've forgotten about Batches #1 and #2...

I distinctly remember BTC being worth around $6 a piece for batch 1 and a volatile $25 for batch 2.
BTC was ~$12 when batch #1 ordering opened.
legendary
Activity: 1973
Merit: 1007
[...] why would ASIC vendors sell a machine for $1500 that make 6-8k a month? I think this answers the question pretty clearly, They wouldn't!

Seems you've forgotten about Batches #1 and #2...

I distinctly remember BTC being worth around $6 a piece for batch 1 and a volatile $25 for batch 2.
full member
Activity: 308
Merit: 102
 The BTC:USD exchange rate shouldn't matter if you're evaluating your ROI in terms of BTC.  

It is easy for you to say if you already have BTC in pocket which were obtained earlier. Very hard when you will have to convert and then pay.

This whole thing is skewed towards people who already made money by mining/purchasing BTC early - so yes - this still supports the early adopters only. It is a losing proposal if someone goes and converts hard earned USD at the rate of 65 to BTC

Just expressing my perspective, that's all.
hero member
Activity: 868
Merit: 1000
It's a bit of a cute "fuck you" to BFL refugees, too.  People who were planning on cancelling their BFL Single order when notice of Batch 3 opening was given might just have to stick with BFL or give up on ASICs for now.

Quote
My memory might be poor but i recall the head of avalon stating some pretty lofty goals that had little to do with
making a profit and more to do with his fondness of bitcoin.

I think that goal is still there.  This is pretty clearly intended to discourage those whose primary concern is earning USD.  The BTC:USD exchange rate shouldn't matter if you're evaluating your ROI in terms of BTC.  Discouraging the notion that people have a "right" to earn back their purchase price in a matter of days is also not a bad idea.  That's only ever been a possibility for very early adopters and BFL has certainly had no qualms about selling so many units that it will take months (and possibly longer) for people ordering now to receive their units and even more months to break even.  Someone ordering now from any ASIC vendor is hardly a "very early adopter".
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
we discussed batch3 price for a long time.

personally, i do think this is a reasonable price.

batch#1: 1300USD + your trust,  batch#2: 1500USD + your trust, batch#3 = ?

why batch 1 and batch2 customers will enjoy such a low USD price and extremly high profit? because they put their valuable trust on us.

last September, most of you think we have little chance to win, or could be a crappy scam, you don't buy.

this January, considerable people think we take Jeff down or just spent 400K to make a prototype, you don't buy.

now, everything on track, machines delivered to your hands are only a matter of time. you want to buy them at a same price or something like 2000USD.

OK, please tell me, what is the price of people most valuable things "trust" should be? 500USD? no, 5000USD at least.

as a core developer, i look upon all Avalons as my son. i will send them to who believe us, not the faithless or buzzard.

+1 nice, keep up the good work!
legendary
Activity: 1064
Merit: 1001
[...] why would ASIC vendors sell a machine for $1500 that make 6-8k a month? I think this answers the question pretty clearly, They wouldn't!

Seems you've forgotten about Batches #1 and #2...
full member
Activity: 196
Merit: 100
And no one is taking into account that this is an illegal business  not paying tax in China.
Plus money laundering, since paying funds to a private bank account for business is highly illegal in China.

Once the local authorities cotton on..... it will be "game over" VERY quickly......
legendary
Activity: 2072
Merit: 1001

No offense  but I can't help feeling   you have turned around completely and are now driven solely  by monetary  gain.


>implying miners aren't themselves driven solely by monetary gain

They want ASICs right now "to secure the network", doncha know. 

My memory might be poor but i recall the head of avalon stating some pretty lofty goals that had little to do with
making a profit and more to do with his fondness of bitcoin. I think what he said back then is what the OP in the
first quote was recalling and how it has "turned around" to obviously making a profit because of the price increase compared
to the very reasonably priced past units.

But eh.. what does it matter? He can do as he wishes and I will find it humorous if he sells another 300-600 units at 5K each.
member
Activity: 86
Merit: 10
be better off buying bitcoin in limited times
hero member
Activity: 868
Merit: 1000

No offense  but I can't help feeling   you have turned around completely and are now driven solely  by monetary  gain.


>implying miners aren't themselves driven solely by monetary gain

They want ASICs right now "to secure the network", doncha know. 
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