Post
Topic
Board Hardware
Re: Incoming Avalon News 8/9/2013
by
SamGriffin
on 09/08/2013, 21:20:22 UTC
This is the account where the coins from chip orders have gone:
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU?offset=0&filter=0

Judging from the balance, that's about 3.036 pcs of full Avalons worth of chip orders.
What's interesting here is that I don't see any outgoing payments from this account.
Meaning, the chip orders to TSMC must have been paid from other sources.

So, basically Bitsyncom -could- refund all chip orders if they had to, as they are still holding all the funds.
Maybe I'm wrong, this is just my view of the situation.

My point exactly. Refund the groupbuys or whoever made an order with them.. But what do you mean 3.036? there's hundreds of thousands of chips ordered..

This may not be the only account, I'm guessing there are others.

Divide the account balance with 780 BTC which equals 10k chips. This gives about 97 pcs of 10k chip orders.

Then multiply that amount with 10k, you'll get the number of chips that this balance buys = 971.536 (rounded).
Finally, divide this number with 320 which is the number of chips needed for one four module Avalon, you'll get 3.036 Avalons worth of chips.