Tag Archives: Bitcoin ASIC

Avalon Batch 3 News

Avalon ASIC Chips - News about Batch #3

Avalon ASIC Chips – News about Batch #3

Breaking News on Avalon ASICs: Batch three may or may not get sold, but will officially cost 75 Bitcoins if it does, and start shipping at the end of April.

75 bitcoins is currently = $5,415 USD on MtGox. Ouch! (They sold the last batch for $1,299 USD.)

They said all of this tonight in a newsletter update and ¬†that they determined this price by taking “the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins.”

The tricky part, however, is that they have said that “it is up to the community” if they are going to sell batch three or use them to farm with themselves! They do not give a date precisely, but at the bottom of the newsletter they said in large letters: “Decide on 8:30AM EST, 3/25/2013.” (Tomorrow.) -So there will be talks all night overnight on their FAQs page that decide the fate of this last shipment. Continue reading

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