Topic: The latest Avalon announcement in China(Translated). Batch #3, price and more. - page 15. (Read 36556 times)

+1

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...)

Some of us still have a daily job / business to run and commitments, despite the entire BTC craze, and cannot spend the whole day checking the site.

12 hours window reminds me more a Black Friday rush, then an equal opportunity to anyone willing to put their coins into early product.

Anyhow, this discussion is moot as Avalon can and will charge whatever they want, so I wish luck to all current and future ASIC miners – in the end you only make the market stronger.

You shouldn't feed the troll, he only wants to troll. He is shouting sentences without any meaning in hope to fell the avalon team guilty and lower their prices because he can't afford it. This is the way I read it and this is why I asked you to stop.

Feel free to continue anyway, its funny.

As NG stated many times all off topic (in fact it is on topic) is welcomed what is your problem after all?

Any way dude i am not arguing with you and i do not want to...Let someone else to tell the story from his point of view if it does have any matter. What i remember is that units were selling out very slowly compared to batch 1 and btach 2 first wave
take care dude

Stop with all of this trolling please...
Thank you @ the Avalon team for the magic you have done. You deserve your future earnings.

You understand that on a high traffic website, there are lots of factors, right ? Since you and your friend could order, does not mean everyone could.

Dude,
I ordered mine at noon i remember it clearly. A friend of mine ordered about 12 PM so please excuse me it was not available for a whole day but at least for 12+ hours. I am talking for the reopening of second batch 1 week later after the initial fiasco probably you missed this out ?
 

Quite incorrect - and a quick look over relevant forum boards illustrates it clearly.

In my case specifically, the link in newsletter lead to "out of stock" on the morning already, and I only found out afternoon that sale was re-opened and gone again.

So call it as it is - a firesale that only those who frequent these boards managed to get it, far from all people who were actually interested in buying Batch 2.

Batch 2 second wave was available for whole day i repeat one day to be ordered

Yeah, that's quite frank from your side. Agree that these are ridiculous numbers, but still this is pure free market in action. No competition = ridiculous numbers, more risk for the consumer


+100000

I'm also an admirer of Dr Zhang. As said earlier, I'm starting to save for his 2nd gen asics. Batch #3 is too risky and expensive for me.

Nice statement! Batch 1 and Batch 2 orderers are risk takers, now there are much less risk

And the interesting thing is, Avalon only accepting BTC caused a self-driven market demand for BTC, this is exactly lots of BTC true believers hoped: A BTC economy which is less related on exchange price. This is a totally new phenomenon, how to evaluate such a move's effect?

It's a bit like a chinese company make a nice product that everyone on the planet want , but they only accept chinese RMB, so the only option for outsiders is to exchange their currency for RMB, and that will strengthen the RMB's exchange rate (of course the RMB exchange rate is fixed by chinese government, this is not a good example, but you get the idea...)

You of course can set whichever price you want, as it a simple question of supply and demand.

That said, please at least keep the fact straight:
1) batch #2 ran out before most of people could order, and thanks to problems in the process, many of us could not get in.
2) as you not willing to lower the declared value, only the VAT will kill the deal for most of us. In my case it's more than costs of previous batches.
3) as there is no delivery guarantee, we basically don't have any indication of ROI.

All of this makes this preposition actually more riskier for us then Batch 1 and 2 buyers.

Agreed. They are limiting the purchasing pool to companies, people already  heavily invested in BTC or that already own an Avalon unit. Less diversification of hashing throughput.

But I'm not complaining. The price is fair given the market situation and no competition, so if that's what they want to charge so be it. The units will still sell out for reasons stated above. Your average joe can't afford $5k for one of these - even if ROI is good it would be irresponsible to buy one, regardless of how much faith you have in Bitcoin.

The BTC strategy only works for the people who were early in the game and have chep BTC. For someone to buy now with USD is too much risk, given the fact that BTC can go to $10. So, here is my question, if I convert my USD to BTC somehow, and value of BTC crashes, will Avalon still honor the 88-115 BTC price ? If yes, that's good enough, otherwise, if that time price is increased or switched to USD, I have no way out.

After a lot of thought, converting USD to BTC now and purchasing batch 3 fails for me. Good for people with cheap BTC already. Good luck.

welll said +1

I love this!!!

I have bank accounts in Seoul South Korea. Will you take a wire transfer? And when will the orders open exactly.

Surp

Double the price is reasonable, 4+ times the "price" with another indefinite wait is absurd. Especially considering the hiccups and the delays and the general stonewalling of the people ( like me ) who ordered batch1 and batch 2 and still have nothing but a few emails and promises of "its shipped".

If you want to sell them for 100btc and you have them in stock and are shipping the next day and guarantee delivery in a week, yeah maybe the price works for the profiteers.

If you want 100 btc and you jerk everyone around like the last 2 orders, ignore the users asking for very little information and don't maintain a delivery schedule, it not going to happen. People are going to go to BFL, get their SC or minirig in the same time frame and have smaller more efficient devices.

Avalon has a niche, exploit it a little, don't go raping people. The guys who are buying them mostly are people like me, not profiteers, we are hobbyists. I'm not rich. I'm a poor college researcher like you.

Dr Zhang you've always been a straight shooter and very knowledgeable. You guys deserve a profit. If you need a huge profit then just publically mine with half a batch and make your money there and sell the other half. Limit orders to one per person and premine the units for a week or whatever then ship them off. But demanding a ridiculous cost in btc up front with vague delivery and distant support is not what I've come to expect from team avalon.

Lets hope they keep backward compatibility with Gen 2 modules. Keeping your Avalon and buying newer modules may very well turn out to be very profitable.

Like you, I have Faith in the company that they know how to play their cards.