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Topic: The latest Avalon announcement in China(Translated). Batch #3, price and more. - page 17. (Read 36556 times)

sr. member
Activity: 336
Merit: 251
Avalon ASIC Team

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

I assume that was the feeling.   Many are finding out what happens when you deal with a principled business person.   I was "really?" at first, but then after thinking about it, it didn't seem bad.   With a ROI of 6-12 months, you know they will keep the gear on the network for that time, keeps it just the much more secure.   Hope people are looking at other motives than just profits.

Come on. They are just pushing their profit to the maximum giving the circumstance that right now they have no competition, that's all. They even acknowledge that now ROI is not guaranteed, you need "math and faith". So the current pricing + the greed taking over will make them sell out the units, making a huge profit, while is quite possible (but not certain) that the batch #3 buyers will not even recoup their costs.

That said, I think they did a great move for themselves: they set the right price for people still buying the whole batch, in perfect correlation with the current exchange rate. If they priced the units let's say a 20% higher, maybe they would have a problem selling all the units.

if we want to min-max, we wouldn't sell in the first place.

the math is made on a one month ROI when diff is 10,000,000. very basic.
full member
Activity: 308
Merit: 102


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.
legendary
Activity: 889
Merit: 1000
Bitcoin calls me an Orphan
So many people are thinking about short term profits. These are ASIC's. They should last for a very long time and you will be compensated for your work in keeping the bitcoin network secure.

If the price seems too high then dont order. Its simple as that. Supply and Demand.

Look at it this way. Is it right for someone to purchase a unit from Avalon and throw it up on ebay and sell it for $15,000?

Only thing I can say as its a little disappointing that Shipment dates on batch #2 will be missed. I can understand getting burned out from working too much. However taking a vacation after batch #2 was finished and Batch 3 ship dates being pushed out for vacation time seems a little more reasonable.

But that's the only thing that anyone has a right to bitch about.  No one has a right to bitch about price. Don't like it.. don't buy it.
legendary
Activity: 1148
Merit: 1018

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

I assume that was the feeling.   Many are finding out what happens when you deal with a principled business person.   I was "really?" at first, but then after thinking about it, it didn't seem bad.   With a ROI of 6-12 months, you know they will keep the gear on the network for that time, keeps it just the much more secure.   Hope people are looking at other motives than just profits.

Come on. They are just pushing their profit to the maximum giving the circumstance that right now they have no competition, that's all. They even acknowledge that now ROI is not guaranteed, you need "math and faith". So the current pricing + the greed taking over will make them sell out the units, making a huge profit, while is quite possible (but not certain) that the batch #3 buyers will not even recoup their costs.

That said, I think they did a great move for themselves: they set the right price for people still buying the whole batch, in perfect correlation with the current exchange rate. If they priced the units let's say a 20% higher, maybe they would have a problem selling all the units.
hero member
Activity: 1484
Merit: 500
Across The Universe
Its Easy , monopolism thats all

All what BFL get are Delay´s and anyone will buy it for 88/110 BTC right now if they open the store.
sr. member
Activity: 336
Merit: 251
Avalon ASIC Team

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

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.


Explains the communication regarding batch 1 shipping.

this has nothing to do with it, but I am slightly annoyed at people opening a new ticket every 2 days and senting a email asking what is going on because nobody reads news letters.

I love it when people complain a whole bunch, and then they receive their units and quietly goes away to start mining and stop posting. you know who you are. Smiley
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

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

Just wanted to point out, that with the development done and they are basically assembling and ordering wafers, I am sure they are still profitable at BTC88/$10 USD as well as BTC88/$60 USD.   
full member
Activity: 308
Merit: 102

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

Like I said, I really wish the BTC to crash once you have your ordering started - will see where your lecture goes.
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

I assume that was the feeling.   Many are finding out what happens when you deal with a principled business person.   I was "really?" at first, but then after thinking about it, it didn't seem bad.   With a ROI of 6-12 months, you know they will keep the gear on the network for that time, keeps it just the much more secure.   Hope people are looking at other motives than just profits.
sr. member
Activity: 466
Merit: 250

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. 

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, after raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.

Explains the communication regarding batch 1 shipping.
sr. member
Activity: 336
Merit: 251
Avalon ASIC Team

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD.  

Bwahahaha, this the exact reason why I don't respect some of my potential customers, I don't even want money from these people. In afterthought, raising the price it must stopped a lot people were purchasing because how brainless the profit was, now there is some math and faith involved.
legendary
Activity: 1176
Merit: 1001
To say that things poor would be an understatement. Perhaps they will use some of that capital to hire staff? That would be interesting. Hopefully they will touch on that before the presage goes up.
I guess that part of the capital will go into developing a 28nm asic to compete 6 months from now.
hero member
Activity: 868
Merit: 1000

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

How are they any more greedy than miners?  Based on this thread, miners themselves have no confidence in BTC and view it only as a means to earn USD. 
legendary
Activity: 1015
Merit: 1000

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.

me too OR BFL ship there shit
full member
Activity: 308
Merit: 102

I really wish the BTC to crash hard just after Avalon starts taking order. We shall see what happens to their BTC 88 - 115 payment plan. Greedy bastards.
hero member
Activity: 602
Merit: 500
Interesting to me how many people keep rehashing the (important) points above, but it has mostly been said so i wont add on, howevere no one has touched on the question of payment processing.

Avalon set up with a payment processor, I imagine because they were woefully unprepared and unable to properly handle massive order processing (resulting in "shipping" delays). However they are dissatisfied with whatever hassles usd brings to a Chinese business (and the fact they probably missed out on 1M+ dollars they would have accrued from rising btc value ), and pricing in btc. This means they are skipping a payment processor it seems? On a new batch that is equal in size to both previous batches combined, and with a price point virtually guaranteeing no large single orders, without having even started pushing out the second batch (and maybe not even batch 1? Most still haven't received anything).

To say that things poor would be an understatement. Perhaps they will use some of that capital to hire staff? That would be interesting. Hopefully they will touch on that before the presage goes up.
newbie
Activity: 24
Merit: 0
About the not received batch #1 units. Whats the ratio between received and non received units?
full member
Activity: 308
Merit: 102
member
Activity: 95
Merit: 10
maybe that post is a fake, as i stated i see nothing on their site reflecting that forum post on the other forum OP posted.

for 5k you can get alot of FGPAs, maybe with their power usage it may even be realistic?

OK Now we will need to verify that asking price once for all
member
Activity: 95
Merit: 10
haha  I was thinking the same way too
88 coin per unit
600 unit for sale = 52800 coin

60 dollar a coin  = $3168000

that is 3 million dollar pumping to the market, even some of the buyer already some coin in their wallet so let say half of that 3 millions going to the market today, it will drive the BTC price up for sure.

If this is correct, that also mean after the avalon sale is over and people do not need to buy BTC to purchase avalon any more and BTC price WILL drop

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