Quote from: CoinHoarder on June 30, 2013, 07:24:25 AM

Quote from: glendall on June 29, 2013, 10:41:00 PM

Hey Coinhoarder how are ya doing dude ? Did the delay mess up your hosting plans?

I was wondering if there has been any talk about overclocking the Avalons. Anyone down? I don't propose we push them to 100 GH/s or anything but just a safe reasonable overclock of like 10% or so , whatever heat allows.

Also still think Bitfunder or BTC-TC would be great to set up shares on, so you don't have to manage it, and also (I'd imagine) would raise the value of the shares as well 'cuz more people will have an easier time trading them.

Hi Glendall,

Yes, the delays on Avalon's part have messed up my plans and cost me financially. I have paid two months of rent on a commercial property +bills where I am planning on hosting the equipment. All of that has come out of my pocket- no cost to the group.

I still remain hopeful Avalon will ship soon and save this venture. I will feel bad not only for myself, but for the people that invested with me, if their funds are not returned in a reasonable time. It is unfortunate that we had to suffer these delays at all, now I know how long time BFL customers feel, but I suppose it is par for the course in the current ASIC environment.

I would like to move this fund to Bitfunder as well. I am trying to work out the logistics. For instance, some group members own an amount down to the satoshi (0.00000001 BTC) in the group buy. The only way to convert share amounts exactly would be to create 72+ billion shares worth a satoshi each. Obviously this is a lot of shares, I would rather do it on a percentage basis, however some people would lose/gain shares because it would not be exact. It is a complicated problem and I am thinking of a better way to go about transferring our assets to an exchange and each share not being worth a satoshi. I think 72+ billion shares worth a satoshi each is obviously a little extreme.

At the end of the day, our biggest problem is the Avalon delays. If we could actually get our equipment, then things will fall into place. Again, unfortunately that has not been the case. With the news on overclocking capabilities, I am still expecting a 2-3 month ROI on our equipment. Yes, I will be overclocking to a "safe" clock speed. I have way more than enough cooling capacity than what we need, so that is not an issue. Our risk of overclocking is reduced by the fact that we as a group own 7 units, however I do not expect to lose any units by simply overclocking them. I have been doing a lot of research on their capabilities and will not push them too far.

This is probably a lot more than you wanted to hear.. I've had a few beers and am quite talkative obviously, but it is a complete update of our status.

Cheers,

Ch

this sounds great but I would much rather prefer BTCT.to instead of bitfunder because of their offshore hosting/domain, their resilience to DDOS attacks, and the fact that they are an offshore registered business. Just my 2cents from my experience with trading. Overall there needs to be a poll taken about the decisions that need to be made. The good thing is that IF you get it on BTCT.to or similar, shareholders can have voting power. obviously the original investors will benefit greatly so I don't see why people wouldn't agree. The only other practical scenario I see is starting a "club" like NastyFans.org.