The latest Avalon announcement in China(Translated). Batch #3, price and more. - page 19.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

It turned out selling ASIC pre-orders (*cough* Ponzi *cough*) is a better business model than actually shipping a product?

Oh God, this is glorious! Cheesy

TYVM Avalon, for falling so far behind schedule.

That keeps my GPU mining profitable and helps my ASICMINER shares to continue paying absolutely outstanding dividends.

It's also nice to see the arrogant "we're not going to ever be tardy like foolish BFL" attitude get smacked down. Talk about having to eat your words...!

Please Team Avalon, consider extending your well-deserved vacation into a nice long sabbatical or even early retirement.

You have worked so hard and totally deserve to run off to Bora Bora with all those suckers' (oops I mean customers') pre-order money.

Stay there for the entire summer, and winter too. You don't need the stress of working in a hot factory, or responding to the mean girls at BTCtalk.

If you run low on cash, simply double your prices again and offer a Batch 4.

Real soon now? No tech support? Shut up and take my Bitcoins!

Greetings from the Four Seasons, Team Avalon's tropical new HQ.

FreedomCoin

hero member

Activity: 675

Merit: 507

Freedom to choose

How do we know that they wont take this large amount of BTC per order and just bail?

guess no one knows till it happens.

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Thoughts: Glad for the update.

Batch #3: I do think the price is a little steep, I was expecting in the $3-4,000 range. Yes they could of maintained the price but they do deserve a profit for the hard work they provided. I do think that at current exchanges rates for USD, they are trying to limit single large orders. They also could raise the price because they are now developing Generation 2 Avalon on a more efficient chip and upfront costs are even more capital intensive (this is what I think).

I likely will be participating in Batch #3 as well, I want Avalon to continue development so its worth the price if they continue to develop. Yifu is correct that Batch #1 customer are the real heroes by putting their money where there mouth was when BFL was showing the Big Guns. Heck, I am going to start learning Mandarin tonight (Rosetta doesn't offer Cantonese Angry

).

Dalkore

davecoin

hero member

Activity: 816

Merit: 1000

Quote from: Gomeler on March 20, 2013, 10:58:32 AM

Well shit. There goes that plan. Back to playing the waiting game to see if BFL delivers or if another vender releases a competitive product.

Right there with ya.

Gomeler

hero member

Activity: 697

Merit: 500

Well shit. There goes that plan. Back to playing the waiting game to see if BFL delivers or if another vender releases a competitive product.

Newscastix

sr. member

Activity: 349

Merit: 250

Quote from: FreedomCoin on March 20, 2013, 10:54:35 AM

wow...five fucking grand? no....

5.5 grand.... we just hit nearly $64 Shocked

FreedomCoin

hero member

Activity: 675

Merit: 507

Freedom to choose

wow...five fucking grand? no....

RoboCoder

sr. member

Activity: 388

Merit: 250

Save A Life, Adopt a Pet Today!

I don't think any of the ROI calculations matter that much. The batches sell out super fast. Therefore there is demand. Demand means they can ask more money for the product - which is even more true since they effectively have a monopoly. Does anyone believe that even with the price that the 600 won't sell out within, lets say a day or so, instead of the 1 hour.. thats all i see as the difference.

I think they are just taking advantage of their position. Which is certainly not unique to just the Bitcoin world.

mtminer

member

Activity: 86

Merit: 10

Two months to ship first 300? So four months to ship the next 600. July or August for batch 3 to hit?

Yikes.

Fuzzy

hero member

Activity: 560

Merit: 500

Quote from: ShadesOfMarble on March 20, 2013, 09:01:38 AM

Quote from: Aseras on March 20, 2013, 08:57:51 AM

You can buy a BFL minirig for 500 btc, and delivery would probably be in the same timeframe.

You can "buy" one, yes. But you are not going to get any ROI, because no working BFL ASIC hardware exists.
Avalon does exist and currently running units get an insane ROI.

This here is the crux, as I said before, Avalon are the ONLY company to have delivered ASICs. They can charge whatever they want, and should, while they still can.

It's almost embarrassing to admit I have a BFL order, that operation is such a cluster f***, with a sociopath as their main spokesperson, makes me cringe.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Has Avalon sent a really nice fruit basket to Butterfly Labs to thank them for allowing them to be able to extract these rents from the market? Do not get me wrong, I completely agree with what Avalon is doing as it makes perfect sense (and actually may make this a more orderly business as people will have to think for a minute before pulling the trigger).

Buy Bitcoins because they are going nowhere but UP as people will need to buy more than they expected.

Aseras

hero member

Activity: 658

Merit: 500

Quote from: Bowjob on March 20, 2013, 10:11:16 AM

Quote from: Miner99er on March 20, 2013, 10:09:51 AM

Well, I thought I would jump into Avalon Batch three... but my jaw hit the floor when I saw the price. What the bloody hell?

Going all in on BFL seems like a better idea than this shit. $5k for a box that cost initally $1299. Someone decided they don't want customers.

You'd rather buy a box of fans than something that actually exists?

I think that while BFL lost the "race" to release first, and the pole position, I think long term they will get their product out in some form. Even if they don't come out until august, its a better deal. Even at double or quadruple the power its still a better deal.

I was considering buying 10-20 batch 3 units. However at this price it's not gonna happen I'd rather just lock in a minirig and wait. One small unit, much less power and much more refined.

I'm in it for the long term and not for a quick buck. I'm a university researcher.

Asking for a price in btc, ok. Thats the idea of btc. Asking for a huge amount basing it on expected ROI is absurd. Bitcoin value could crash tomorrow.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: Bowjob on March 20, 2013, 09:28:50 AM

Quote from: Korbman on March 20, 2013, 09:16:57 AM

Quote from: ShadesOfMarble on March 20, 2013, 09:01:38 AM

Quote from: Aseras on March 20, 2013, 08:57:51 AM

You can buy a BFL minirig for 500 btc, and delivery would probably be in the same timeframe.

You can "buy" one, yes. But you are not going to get any ROI, because no working BFL ASIC hardware exists.
Avalon does exist and currently running units get an insane ROI.

A bit naive, don't you think? It's clear that BFL has been developing hardware..don't let their incompetence cloud your judgment. Anyway, we're not here to talk about BFL..this is an Avalon thread silly. Wink

Seriously though, people really don't have a problem paying $7,000 for a 600w+ 80GH/s device? I also find it kind of funny that the buyers from Batch #1 paid the lowest price and are making the highest return on their investment. The Batch #2 price hike was expected...it was kind of like the "Fuck you, we're legit and you missed out on the first round".

But to triple the price for Batch #3 sort of solidifies the initial notion that they are indeed using preorder funds to complete the previous orders (it also fully explains why they "shipped" 2 months ago and are still behind on their first shipment). I imagine after selling out of Batch #3 they'll have enough money to get everything back on track again (financially anyways).

1.) Batch 2 was more expensive because shipping was included in the price. Batch 1 was $1299 + shipping.
2.) BFL won't ship anytime soon. You're welcome to prove me wrong. http://bitbet.us/bet/307/bfl-will-deliver-asic-devices-before-july-1st/
3.) Avalon could have mined themselves, and keep all the profit. Yet they are selling to the public. It's ludicrous to think that they would set up a ponzi like structure with their orders. Due to the insane ROI of Avalons, 88 BTC seems like a bargain still. 4.) I'd imagine Avalon customers are not newbies and have BTC beforehand way before the price spike. Batch 1 is actually more expensive than Batch 3 BTC wise.

Can you please explain how Batch 1 was actually more expensive than Batch 3 BTC wise?

I think if anything, prices should go down since the difficulty has increased in about 2.000.000 or more by the time they ship batch 3, therefore the ROI of batch 3 will be significantly longer than batch 1.
Also, they should have streamlined their processes anough to be more efficient already.
In what world IT hardware increases in price instead of the other way around? Only in btc world I guess...

Miner99er

sr. member

Activity: 310

Merit: 250

Quote from: Bowjob on March 20, 2013, 10:11:16 AM

Quote from: Miner99er on March 20, 2013, 10:09:51 AM

Well, I thought I would jump into Avalon Batch three... but my jaw hit the floor when I saw the price. What the bloody hell?

Going all in on BFL seems like a better idea than this shit. $5k for a box that cost initally $1299. Someone decided they don't want customers.

You'd rather buy a box of fans than something that actually exists?

If it comes to getting 66-67 GH/s or waiting a bit and getting 240 GH/s for the same price... Kind of a no brainier there.

BitcoinINV

sr. member

Activity: 448

Merit: 250

Well they are in the position to do this, the price is just... wow lol Guess good things come when you say something and follow through with it.

Bowjob

sr. member

Activity: 294

Merit: 250

Quote from: Miner99er on March 20, 2013, 10:09:51 AM

Well, I thought I would jump into Avalon Batch three... but my jaw hit the floor when I saw the price. What the bloody hell?

Going all in on BFL seems like a better idea than this shit. $5k for a box that cost initally $1299. Someone decided they don't want customers.

You'd rather buy a box of fans than something that actually exists?

Miner99er

sr. member

Activity: 310

Merit: 250

Well, I thought I would jump into Avalon Batch three... but my jaw hit the floor when I saw the price. What the bloody hell?

Going all in on BFL seems like a better idea than this shit. $5k for a box that cost initally $1299. Someone decided they don't want customers.

tigerfree

legendary

Activity: 1015

Merit: 1000

Fuck if they sold 600 unit for 6000$ they will make 3,600,000$ how they manged to make batch 1 and 2 lower and batch 3 higher price FUCK i was going to buy it Cry

.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Aseras on March 20, 2013, 09:58:13 AM

Quote from: Rampion on March 20, 2013, 09:53:10 AM

Quote from: tigerfree on March 20, 2013, 09:49:56 AM

/damn i though it will be 2000$ or something around it i think i will pass it Cry

.

Hehe, we have to gambles now:

pay 90 btc for a unit you know exists, and that you will received sometime around June (and maybe sooner!)
pay 20 btc for a BFL unit you don't know if exists, and that they tell you that you will receive in July if ordered now (and most likely later!)

Both of them seems quite risky to me, but if I had enough coins bought cheap, I would take both Wink

you would still be better off buying 5 bfl units in the long term, even if it were another month or two delay.

That's true, the fact here is that "a two months delay" seems VERY optimistic. But with that 400% price increase of Avalon, I'm sure that a lot of people who saved money for AVALON batch three will prefer to take the gamble with BFL just because if you loose, you will loose a lot less (let's don't forget also that BFL units are supposed to be way less "power hungry").

In any case, greed is taking over.

Normally, first batch should be more expensive, third batch much cheaper, because obviously ROI diminishes day by day. But as AVALON is, at the moment, the only proved legit ASIC company (apart from ASICminer, who don't sell their units), they can set up the price they want. I'm sure they will sell at least 50% of the third batch at those insane prices because, again, greed is taking over

Bowjob

sr. member

Activity: 294

Merit: 250

Well, so if they will ship by the end of April, then batch 2 will be in the hands of customers at the end of May adjusting for more excuses.

*yawn

Topic: The latest Avalon announcement in China(Translated). Batch #3, price and more. - page 19. (Read 36556 times)