Ninjastic
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Board Group buys
Re: [Closed]Avalon Chips - 0.081 BTC (Global+Escrow)-BATCH2 SECURED
by
Henchman24
on 02/09/2013, 13:56:10 UTC
Quote from: t13hydra on September 02, 2013, 01:29:50 PM
Quote from: Henchman24 on September 02, 2013, 01:24:13 PM
Quote from: t13hydra on September 02, 2013, 12:37:44 PM
I agree with Skrubalov. For those who don't know or don't care about the details, the bitcoin price is always following the difficulty. Furthermore, the introduction of new technology always boosts the prices higher (see the timeframe when the first ASICs came into game by Avalon). That said, i can "almost" promise you that the bitcoin price will not stay at $140 - $150, it will climb even higher. So when you draw the line after mining for one month, you will get almost the same amount of money. Right now, with the difficulty of 65 million, the price of the BTC counterbalances marvelously the difficulty, making the ROI exactly 3 months for one full klondike miner together with chips! Not a single day more than i have calculated back in May while starting the Group-Buy.
So my advice is DON'T PANIC! Never panic, because it doesn't solve anything. Everything is going to be fine and i promise i'll do my best to make it be ok for you guys.

Difficulty goes to 86+ million in a little over a day.  Also, didn't you previously say you were waiting on chips just to finish development?  Or are the boards ready to pop chips onto them?

I wish I shared your optimism.  Perhaps you'd like to buy me out?

The calculations in the above post were estimated using a difficulty of 85M. If that still holds a ROI of 3 months, i don't see the point of being nervous....

Are you saying you expect to ship miners before the next (post ~85M) difficulty jump?  nvm I get what you're saying.  I don't necessarily agree though, since the time to positive ROI is not going to grow linearly.

Sorry, I'm not trying to be argumentative, just trying to understand.  The reason for any perceived "panic" or "nervousness" on my part is because the window for obtaining a refund ends on Wednesday, I believe.  It sounds like you've already made the call to see this through though.  So, I guess I'll just buckle up.

*Edit:  My offer to be bought out still stands.  How can you pass up a sweet opportunity like that?  Don't be nervous...   Wink Tongue