Topic: [WTS] Avalon Chips Available to Order; Purchase Consortium, 1 chip minimum. - page 2. (Read 2915 times)

Whats wrong with somebody wanting to act like a distributor?
It works for Coca-Cola and it works for Digikey/Avnet/Arrow?

For purposes of this auction: none.

What are your qualifications to handle the board design, manufacturing, assembly and testing?

I and many others received email that announces the sale of the Avalon chips.  Additional detail is on the Avalon store page.  A minimum purchase, 10,000 assembled and tested chips, is BTC 780.

I propose to form a purchasing consortium and place an order.  I assume that an earlier order is better, as we are racing known and unknown competitors.  It is not defined what this consortium will do next.  The actions may increase or decrease the value of the chips.  Transactions involving the chips are all valuated in BTC.

In very vague, broad brush terms:

1.  You could redeem your shares and take possession of your chips.  Postage and handling are prepaid with your shares.  Share ownership reverts to me.  The chips are probably useless in a home/hobbyist environment.
2.  The chips could be resold in smaller amounts to groups that are making something interesting with them.  I will hold a buy-back auction to redeem a corresponding number of shares with any coin received.  This may or may not produce profit.
3.  The chips could be the manufacturing inventory for something interesting that I make with them.  I will hold a buy-back auction with the net coin received after expenses.  This may or may not produce profit.

It has been 10 years since my first serious PCB project.  You may see elements of that project as presented in a Kickstarter project that is approved, but not launched.  An Avalon chip project will be significantly more advanced and difficult in many different dimensions than the project that I did back then.  Others attempting ASIC based projects have missed deadlines.  I also have an old resume on line at the moment.

I am offering shares for sale as interest in a batch order of 10,000 chips.  There are a total of 10,000 shares, 1 share represents 1 chip.

THE OFFER, Auction #1
Losing bids are fully returned.
This is a multiple-winner auction, the largest bids win, the remaining bids lose.
You may bid for 1 share by making a payment to the bitcoin address 13oUpURSCtDTYpkZP6kd7YAtL9iJ9gYRgy
Each address that pays forms a bid.  If a transaction submits payments from more than 1 address, each address is an independent bid.
The payment from each paying address in one transaction is adjusted so that the total of the adjusted payments equals the total received by 13oUpURSCtDTYpkZP6kd7YAtL9iJ9gYRgy.
Multiple payments from 1 address count as 1 bid, the adjusted amounts are added together.
The bid amount is this total of adjusted amounts.
The block-chain holds all the auction information.  The auction is as transparent, as public, and as anonymous as the block-chain itself.
I may close the auction at any time, for any reason.
I may return your coins and cancel your bid at any time, for any reason.
The no bullshit no fine print terms of sale on the Avalon store page apply here as much as possible.
Correspondence signed by the paying address will be accepted as authentic.
END OF OFFER

I have a similar auction running for shares in a Batch #2 Avalon.  A link to that auction is in my signature, you may wish to bookmark that link, read through that discussion, and examine that payment address in the block-chain.  This auction is modified slightly based on that experience.  There is a preliminary third party web page announced toward the end of that discussion, and it gives the totals from highest to lowest.

I need to raise a total of BTC 780 before Avalon sells out, I do need enough money to handle the chips after I receive them, and this auction must outbid other situations that are also bidding for my time.  In recent Avalon sales, there has been significant after sale increase in price, in some instances more than 12X. 

The following table may offer you some guidance in order to remain competitive at auction.  If the cutoff at the number of bids in the second column gives a minimum of the total in the third column, I will offer that many shares in this auction.  Please note, this table does not set a minimum bid.  I will simply set some cut-off in the future and all larger bids are in.


I will keep the auction open at least until Thursday, 4/18, at 13:00 GMT (8:00 AM CDT), a little more than 48 hours, or until I have BTC 1,170 in payments, whichever occurs first. 

Sometime after there are BTC 1,170 or more of bids on the block-chain and BTC 780 are 6-confirmed by that time, I will attempt to make the chip purchase and upon success of that purchase, I will declare the auction a success.  I may keep the bidding open even after I have made the purchase.

If the Avalon store is "out of stock" I will wait at least two weeks to see if I have another possibility to purchase.  I purchased a Batch #2 Avalon on Feb. 18, during the 2nd round of purchasing, so this seems to be a prudent precaution.

It is not defined what I will do if there are between BTC 780 and BTC 1,170 in bids.


This auction may cause a significant number of transactions.  It is feasible for the transactions to fill more than 20 blocks.  Please consider bidding early, and paying respectful miner's fees.

If you are a bitcoin software guru, you may consider producing a web page that will make a specified number of new addresses, transfer coin to them, and submit the transaction.  This would be useful to someone who wants to purchase a few hundred chips in this style auction.

I will be traveling on business this week, and communication will be catch-as-catch-can.