* Avalon stated the would not premine, would not mine with clients equipment and would test (burnin) on testnet. Unfortunately this turned out to be a blatant lie.
see
here for further details.
To be fair:
My Batch #2 Avalon had three pools configured by default with FAILOVER configured. The first two pools appeared to be the internal testnet pools. The third pool was this eligius pool.
Based on the flat line from 2nd June - 10 July its not like "they ran these for a month".
What is the objection if the test is on a live pool, especially if we can all see it? We know that the machines work, and that a lot of them existed last weekend (10 days ago).
hello ProfMac,
lets put this simply - Yifu publically stated they would not mine on main net with clients hardware.
Secondly, the hardware is not his nor does it belong to his company - the company was bankrolled by the early investors/ preorders - they have no right or expectation to get free hashes on clients machines.
This is a very simple point.
Put simpler, Yifu stated they would not mine, people invested with this in mind, turned out Yifu is a blatant liar.
Yes, it is a simple way to view the situation.
There is a story in Texas that a Ranger asked a man, in broken Spanish, if he had a horse. The man said no, and the Ranger shot him dead as a liar and a criminal. It turns out that the man was innocent and had answered truthfully. There is still bad feeling along the border about this incident. In Spanish, there are two words; the analogy that carries into English is asking a man if he has a bull, and then shooting him because he has a cow and answered "no."
As to ownership, here are some choices:
1. The ownership is not defined until the machine passes QC, then it belongs to the assigned customer. The customer gets a working machine no matter what manufacturing difficulties arise. The quality variance is small, the time variance is high.
2. The ownership is assigned early, perhaps as soon as the parts for one single board are identified. The customer gets whatever is made, working or not. The time variance is small, the quality variance is high.
No one can make the quality and the time variance both small.
What the community can do, however, is be so vocal and demanding that venture capitalists, who are risk adverse; and entrepreneurs, who do not know how long innovative things will take, both view the bitcoin arena as high risk.