All the specs are in the other threads, but the most important points are as follows:

1. Avalon is selling ASIC mining chips. For bitcoin and SHA-256 based crypto-coins only.
2. These chips do 282 mh/s (mega hash per second) each.
3. They accept bitcoin only as payment.
4. Specs and reference design will be published in May.
5. Mining with these chips is going to be more energy efficient than mining with GPUs (graphics cards).

But people are already buying the chips.

We need the Electrical Engineer to make the working mining boards, as Avalon is only selling the chips themselves. Kung meron ka kilala from UP or other good schools where engineers come from, try talking to them. Tell them, you have chips, you just need a PCB board and someone to assemble it all together.

A few things to note also:

1. This is risky, difficulty is going to skyrocket. It is now 8 million. It will be 9 million next week. It will be about 15 million next month. A few months from now it will be around 70 to 90 million. This is assuming all the big ASIC mining rigs come online as scheduled or predicted.
2. This is supposed to be a hobby, to learn mining, and start of with a few gigahash of power instead of running high end video cards (GPU) for mining.
3. If you have 20 chips, you can get maybe a speed of 5 GH/s which will net you about 5 bitcoins in a month (30 days) at next month's difficulty. In the succeeding months, this mining income will go down to 3, to 2, to 1, to half a coin, to 0.01 by the end of the year.

No one can predict the future, but that is the guess of everyone involved. So if we do this, we must do it now, so we can at least ROI within 6 months or before the end of the year.


For litecoin, you're better off trading in the online exchanges, like BTC to LTC for example.

I'll start a thread in the Custom Hardware section tonight or tomorrow, then you can post or PM (if newbie status).