Bitcoin Forum

Situation:  

BPMC is a purchasing and mining pool cooperative, where its members aggregate demand for chips and boards so we can purchase chips and produce boards for our members at cost with little or no mark up to the members. Having completed an Avalon chip buy as well as holding other chips from other buys we are keen on making K1 Nanos available to the community.

Focus

There seems to be a small window of opportunity to provide K1s from August to the end of September given the market forces pushing on bitcoin currently. We feel that we can support BKKCoins by selling thousands of K1 units and providing his stipulated royalty on each sale of the K1s. Of course our members also wish to have a return on our investment so we will be pricing the K1 accordingly given the other products available. Note we will have a website posted in the coming week with prices.

Response

We will supply the community a small volume of K1 Nanos from August to September and assess from that point if more K1 Nanos would be required should there be sufficient demand or potentially a similar product with more efficient chips could be possible.

Evaluation

In providing this limited run of K1 Nanos we feel we can reach many people who may want to enter mining for the first time but also others who might want to buy a larger numbers of K1 Nanos for testing of alternative configurations for farms including oil submersion. From these sales our coop will be in better position to help develop and make available similar or 2nd generation products to the market place. We also endeavor to provide a more human and responsive business model forward so that our community is treated above all with respect that it deserves. As a cooperative we welcome other cooperatives to work with us to raise the business standards in this community.

[RESERVED FOR REFUNDS ISSUED]

- REFUNDED -

Order #  ..... Status  ..................................................................... TX

xxxx47   REFUNDED https://blockchain.info/address/13Btmk1zjSY9zuaAsLiQ8z56r7urK6kgF9  
xxxx57   REFUNDED https://blockchain.info/address/1KLYEXnXacCeL9b4KbfQqSxyAhZS6bXXH
xxxx61   REFUNDED https://blockchain.info/address/1Fs6yJixDtsdkjRxUDsG9yP8wfkL36r6va
xxxx64   REFUNDED https://blockchain.info/address/1Q9zhPEKhgi4U7uCt1o2Ao3oQ4YXFSzL2v
xxxx69   REFUNDED https://blockchain.info/address/1Can1Yn1cK3e59QNg2oTpJCmTYT97SrZhk
xxxx73   REFUNDED https://blockchain.info/address/1FiGx2RQVPeCPhtseXvXtEhmmwxfsY8vnj
xxxx75   REFUNDED https://blockchain.info/address/1F6vKcL4t7awegw466NtfH2CHEUXmUEF6y
xxxx77   REFUNDED https://blockchain.info/address/1LD49ExSFQrfG4RF9uSQWnejZtMPVH9fKH
xxxx82   REFUNDED https://blockchain.info/address/1Fs6yJixDtsdkjRxUDsG9yP8wfkL36r6va
xxxx92   REFUNDED https://blockchain.info/address/1dc81BVNy688RS2E9iqf8VtJVB4YbQpCs
xxxx93   REFUNDED https://blockchain.info/address/18qjh5ueWjC3pTKfMMLQQEDDLbzY9D37px
xxx101   REFUNDED https://blockchain.info/address/1KDsPbcynQGQJ5nT1wTsWdwu6WhvLLYTsW
xxx109   REFUNDED https://blockchain.info/address/198uNCPsV1XQujPB5UqSuQVk86PB5qUkQ7
xxx115   REFUNDED https://blockchain.info/address/12vSM1bMj3E7DzVYHBCwjMATN2UWummCXL  
xxx123   REFUNDED https://blockchain.info/address/1GYSSoesXtpC7s6K7ubEj7fpgphxxLeZyH
xxx154   REFUNDED https://blockchain.info/address/1DobZomBiE2gngvy6zDFKY5b76yvDbqRra
xxx165   REFUNDED https://blockchain.info/address/1KDRB1iLMRAa2bTbLjzZr3NHwaRDka8pAh
xxx169   REFUNDED https://blockchain.info/address/1AiewPWnGLNQS4nbncdemaahiv6d2rHeBt
xxx170   REFUNDED https://blockchain.info/address/1AvmyZHBUqtutHFpHwpQTfpqtwMzefx7CQ


- PROCESSING -

None left to process.

- REFUNDING ADDRESS -

BPMC  https://blockchain.info/address/1Fs6yJixDtsdkjRxUDsG9yP8wfkL36r6va
         

[RESERVED PRODUCTION TIMELINE]

July

Fabrication down payment (4th week)
BKKCoins completes prototype releases Gerbers (4th week)
BOM ordering for production (4th week)

August

August 5th: We opened support ticket with Avalon asking for a refund on our chips as they are in breach of the delivery of our developer chips that are currently 4+ weeks overdue.

August 9th: Avalon Chips failed to arrive they are now in breach of contract with us for delivery. We have halted production of K1s Nano and have requested a refund for our chip order.

August 12th: We are reconstituting the BTC stored in cold wallets this week and we are processing emails from customers so that we can provide refunds as soon as we have the BTC in digital form again.

August  16th: Refunds started almost completed all refund requests submitted.

August  17th: Refunds nearly completed. Sending out secondary emails and notices for those who have not responded yet.

August  21th: Only 2 or 3 refunds left. Still waiting on customers to respond to our email instructions.

August  25th: Only 1 customer has failed to contact us. 2 more still need to send us signed messages from an address they control to confirm ownership and we will send BTC to them.

August  26th: All customers contacted and responded 2 left to refund. Just getting signed messaged from them and we are done.

August 27th: 1 more to refund and we are on to our next project.

August 28th: Last refund paid out. We are done. Next project. BF1 USB miners almost ready for sale. We are also looking at some other chips and boards as well as opening a hosting service. This thread will be locked when we have posted the last address refunded.

I am interested in 5-10 K1's depending on price to replace my GPU's.

We are also looking at the possibility of USB hubs, Raspberry pi's, sd cards pre-flashed. Likely that will be later in September if all but we are working on that. Are you at all interested in bundles with a hub, raspi and the pre-flashed SD card? Or just the 5 - 10 K1's? Prices will be available in the coming week off the website.

raspi == no, I have a tower that I bought as an upgrade to my previous dev machine that I am running my GPU's on.
hub == yes, see above.
sdcard == ?? what are those for? works with the rasbpi somehow? if so then no.

Mostly this purchase would be to upgrade from my GPU's to Asics for the power savings as I have 60+ GH/s on order from two KnC group buys.

Will you be able to get the price down into the $30 range?

In terms of prices that will be posted later on the site coming this week.

SD Card ya goes with the Pi.

Not going to keep the cards going for LTC or FTC?

We are bundling the USB hubs with everything so probably better you source that on your own but we will be sure to post any information we learn as we burn in K1s on these hubs so people can make an informed purchase. The USB hub is actually one of our cooperative development projects as a number of our members are pretty tired of trying to source  working hubs. We hope to reverse engineer some good ones and then come up with something better for our coop members but also for the community.

What is your policy on chip trade-ins?

In other words, if I have my own Avalon chips, can I send them in and you can make K1s from them? I think I bought a few extra just in case some were bad.

Thanks.

What are k1 nanos? ???

K1s are single-chip, USB-powered Klondike boards.

Bicknellski, have you managed to source heatsinks for the K1s yet?

very nice, if the pricing is right!

Definitely keen, depending on the final price. I would only be interested in the usb miners. The other parts can be easily sourced locally and should be easier for shipping, customs and warranty

Cheers

I be interested in 30 of them in the $33 price range ($1,000) but only if I can pay via Paypal or postal money order.

My limited BTC is slated for some more chips and the BTC market really isn't stable now.

same interest in price and payment

Interested as well, but will depend heavily on chip delivery time from Avalon of course.  Given difficulty increases I wouldn't be interested at much more than $30, especially with this BTC price slump.

Interested in 50 depending on price and Avalon delivery schedule.  Would want K1 only, no kits.

Yes we have found heat sinks that I believe fit the K1s. We going to get samples run first and do a 24H burn in to check the heat sinks but they seem widely available on aliexpress. We are also able to source them directly here in Indonesia I think from an aluminum foundry / extruder company about 20 minutes from my house. I am going to source heat sinks for both K16s and K1s there tomorrow or Wednesday. When we are sure about size etc I will post our links for these.

Again like everyone else all we are doing now is waiting on BKKCoins. Also note the fasting month in Indonesia is 1 day away. This will only impact production at the end of the month when there is a 1 week set of holidays but we will see when the K1 gerbers are ready and if the factory in Batam has secured the BOM and are ready to produce. It will obviously first come first serve on the orders. We are personally invested in this production run and you will be kept informed and you can contact via email and I will be there to respond.


(EDIT: we are sourcing heat sinks in bulk from China to meet the 32x24x10 specifications we want for our K1s)

Again we will have pricing posted up on the site. In term of price we will be looking at the various other offerings and compare that to the K1. Given the potential of overclocking, also the fact we are selling K1s populated with chips not your chips the prices won't be comparable to the DIY builders like Marto at 22 Euros per K1. If we go that low might as well keep all the K1s and mine them in our cooperative pool. We are looking at providing these K1s in a small number between August and September so pricing may vary given the volatility of the BTC price.

Two things we want to come from these sales. 1 give back to BKKCoins as quickly as possible some development royalties and 2 provide a healthy and fair return on the cooperatives risk in buying chips and going to fabrication. I doubt our prices can be as low as $33 price range at least for the August delivery who knows for certain what September delivery will bring given the wild ride in difficulty and BTC price. As a cooperative we want to be able to turn the K1s over and hopefully move to the next project quickly and put out another run of K1s or even something with Bitfury in the 1 Chip USB variety. We are carefully discussing this now and we are trying to fight our urges to overprice the K1s but also compare it against the potential mining returns we could have if we were to keep the K1s. Given that I hope our pricing is in that sweet spot. It is not a one person decision in our cooperative so everyone who bought chips is involved and we will have a consensus on this very soon.

We are looking at thousands of units shipping over a 30 to 45 day window from August to end of September. Pricing as I said above will not be in the $30 dollar range as that means we will probably keep the chips, make K1s, dunk them mineral oil overclock each one and bank as much BTC as we can before they become redundant or keep them on our cooperative mining farms should they be cost effective. As you we are concerned with the other products coming to market so we might have adjust prices over the lifetime of the sale given the spread out nature of delivery.

We are also looking at securing more chips continually from others who are trying to profit on resales to boost production numbers but only if it makes sense in terms of ROI. Again as cooperative our members are going to be here to handle, burn in, bag and ship the K1s even though all of us have full-time jobs so given the expenditure of time and effort prices have to warrant that effort. We believe we can find a price point that is not too high that can satisfy the objectives we have. Get royalities in BKKCoins hands and reward our efforts as a cooperative so that we can build off these sales into a 2nd generation chip like the Bitfury.

Note we can work with a larger group buy and better price per unit for volume sales say over 1000 Units. Get together and buy in bulk in fact we prefer that sort of mass sales as it makes our job a bit easier and we even can provide direct shipments to your group members so you do not have to have one person hold 1000 K1s and redistribute although that shipping will cost more in the longer run. We are also trying to avoid the Ebay like auction nature of these sorts of units so those who are willing to craft an agreement with us we are more than happy to work with other cooperatives especially.

Make us an offer we can't refuse.

This is a fair comment as I hadn't given it much thought that chips are included (I'm in on another DIY deal).  Still, I would be hesitant to get in on anything with a longer than 2~3mth ROI at the moment..until the difficulty settles down a bit anyway.  I'll still chk back here though, if the BTC price comes back then obviously that will help ROI enormously. Thx for your reply btw

Ditto

We are also going to organize a group buy of K1 boards sans chips for people who might be interested in just bumping their K1s and DIY reflow or take it to someone for reflow. We are looking for input on pricing for that in this thread: https://bitcointalk.org/index.php?topic=252113.0

Interested in 10 of them!
And perhaps more to resell them or maybe I'm going to setup a group buy here at Surabaya :)

Just contact me in Indonesia. I can help you with large group buys if you want?

--------

Hanya hubungi saya di Indonesia. Saya dapat membantu anda dengan kelompok besar jika anda ingin membeli?

Done. Email sent :)

www.aliexpress.com/item/20-PCS-LOT-Aluminum-Heat-Sink-50x25x10mm-IC-Radiator-for-LM2596-LM2577-DC-Converter-090450/545882474.html

I'll be interested in 20-30 of them.

I'll be interested in large group buys as well. (Malaysia)

We are going to have prices up by the end of the week. Some of the members now working on the website, payment gateway and whatnot. In terms of larger group orders as I said before we welcome them and can provide better pricing for orders over 1000+ units. Note that our production run starts in late July or early August, depending on chips from Avalon, to the end of September and we are still trying to determine final numbers of units but we hope to provide individual K1 Nanos as well as larger numbers for anyone. Our production site is in Batam, Indonesia so shipping to Malaysia is quite easy. If you are in JB you could even hop the causeway and then take a ferry to Batam from Singapore.

Looks like BKKCoins is steadily adding chips to the K16 test board and he is itching to get a revised board done soon for both the K16 and K1 Nanos given his latest posts. Exciting times keen on seeing how the K1s can overclock myself trying to track down some really stable USB hubs right now.

Depending on price I'll definitely be interested - Might even stretch to a bulk buy for distribution in the UK.

If you are looking at K1 boards we are also looking for people to get in on a group buy of boards of course the costs for that will be determined by the number of boards  as the fabrication of smaller lots means much higher prices. Check the post here for more info. https://bitcointalk.org/index.php?topic=252113.0


--------

Sweet.

Hey guys another member of the BPMC here. Just wanted to let you guys know that I will be helping to organise a group buy for the Australia and New Zealand region of the world. Prices will be announced soon so stay tuned.

What are the specs compared to the ASICMiner USBees?

It will be hard to compete with them if FriedCat slashes prices again unless the specs & overclocking can really shine

Hi there,
I dont know if FriedCat can really afford to slash his prices much more as it appears he is now supplying resellers who have to make their margin.

Here is a cut and paste from a previous thread reporting results from Overclocking tests:

341 Mhz 1.2V 57.5W - passed long term tests with 0.2% hw-errors.
409 Mhz 1.2V 68.04W - hw-errors increase to 3%
448 Mhz 1.2V 74.4W - not stable
448 Mhz 1.25V 81.6W - unstable 50% hw-errors
448 Mhz 1.28V 84.016W - unstable 50% hw-errors

a little bit more tweaking needed,
but seems quite promising,
we will all know for sure very soon.

cheers,
Kev

Note that those numbers are from BitBurner XX that Kevin has posted but should be comparable to the K1s. In terms of what BKKCoins is doing with the K16 we believe the numbers will be similar. It could be possible to overclock K1s and cool them in oil. We as a group are working pretty hard right now to configure K1s in density as a bundle mining solution. Possibly oil cooling an array of K1s. We will let you know more in late August about the possibility of bundles.

Group buys and resellers are pricing according to what they think is a fair mark up, for time and effort of selling the Block Erupters. Obviously we are not going to see $810 for a Block Erupter like we did before on Ebay in May. We hope to price competitively for the K1s. Our cooperative is definitely mindful of price as the most important decision for the K1 we are making, so we are debating back and forth where we need to bring the price in at. We do have Bkkcoins in mind as well since we want to move more units for his coffers, as well as our own, but like you the cooperative members are fans of DIY process and we want to make sure we don't miss an opportunity here to get the K1 units out so that they can start hashing. We should be ready soon to release the website for prices soon and possibly open for ordering as well but we need to check with our members working on that first. As soon as it is ready I will update the thread.

i'd be interested in a cpl dozen. watching this thread, good luck!

Thanks Johnny5 hope to have pricing up soon with payment gateway to follow.

Just to be sure, this thread is completed K1s with chips & the other (link you quoted here) is for just boards?
I'll be keeping an eye out for your completed K1s :)

I'll take 16 K1s complete with all chips except ASICs as soon as you can provide them.

What is the price?

Yes we are offering complete k1's more information will be up on our website when we launch possibly tomorrow I can't give a exact date as anything could happen and we do not want to disappoint anybody. We have also put out the option that if people have chips they can buy boards off us also that is what the separate thread is for. Prices will be announced when the website is launched. So stay tuned ...

Also we are happy to ship to any accessible place in the world.

Ok my bad everyone. To be clear this is a straight buy K1 Nano with chips.

If you want just K1 boards WITHOUT AVALON CHIPS go here to this link https://bitcointalk.org/index.php?topic=252113.0

Ok thanks,

I'd like 16 WITH the ASICs but you probably are on a much longer time schedule for those.

We may have some in July at the same time as the K1 boards. Depending on:


1. Avalon Chips
2. Customs
3. BKKCoins prototyping schedule
4. Luck
5. More Luck.

Ok then perhaps I will take 16 of those if you can provide

Roger. :)

Tomorrow is Friday and the site is almost ready.

http://www.bigpicturemining.asia/uploads/7/9/0/3/7903341/1370197038.png

Please note prices will be posted up on the website later tomorrow with a payment gateway.




Note that we will be using USD to set the BTC price for each unit.

$85/K1s for 1 - 9 units
$75/K1s for 10 - 49 units
$65/K1s for 50+ units

Any orders larger than 500+ will need to contact us as we have variable shipping of Avalon chips so we can not guarantee availability for larger orders. We welcome group buys but remember we have production running from July to September for these K1s so may have situations where we are restocking if sales are brisk.

What is the pricing if I provide the ASIC?

Can't do that as I stated before. We do not have the time as the logistics would be a problem. You can either buy the full K1 or check out the group buy for K1 boards and make them yourself. Check the DIY thread here:  https://bitcointalk.org/index.php?topic=227186.0

any idea when K1's will be ready to ship?

If waiting on Avalon chips, when are you expecting them approximately?
And how long after chips arrive will K1's be ready to ship?

Thanks

We should have k1's ready to ship in 3-4 weeks depending on when bkk completes the k1 design and when the chips arrive.

We are currently working on the shipping / payment gateway today. I suspect this will be ready today or tomorrow.

What will you be approxmiately assuming size wise of these Nanos?

USB Drive - Powercable on a small unit or a big rig?

They will be USB sized

50 mm x 25 mm are the square dimensions.

Note: If the K1 is cut from inside two other boards then the board width could be 24mm according to BKKCoins.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/K1Nano3Ddimensions_zps6a2575f8.png (http://s230.photobucket.com/user/PFC4L1FE/media/K1Nano3Ddimensions_zps6a2575f8.png.html)

CHECK FOR CORRECT LENGTH FOR HEAT SINK (36mm x 25mm x 10mm)

You plug these K1 Nanos into a USB port or hub.

http://upload.ecvv.com/upload/Product/20116/China_16_ports_USB_hub20116291537315.JPG

We are currently sourcing hubs, raspberry pi's, sd cards. We will post more information as soon as we have fully tested our burn hubs. Potentially we want to be able to burn in a large number of K1s at a time so we will definitely have a robust hub that can handle a 24 hour burn in.

The heat sinks, which are attached with an adhesive heat sink pad material at the end of fabrication, is 10 mm high on top of the board height. So be aware of that for spacing on hubs. We want to make sure the heat sink is sufficient for our users for potential over clocking beyond 282 Mh/s. Given the test so far BKKCoins has had stability with air cooling and fan at 341 Mh/s per chip. We are confident that he will push the design further.

Updated Parts List for K1Nano.

As we are sourcing parts from outside Indonesia and brought in our prices for parts are higher and our fabrication is in Batam for the boards.

Original parts file on github: https://github.com/bkkcoins/klondike/blob/master/docs/K1%20Parts%20List.ods?raw=true

http://i230.photobucket.com/albums/ee106/PFC4L1FE/parts_zpsfc449159.png (http://s230.photobucket.com/user/PFC4L1FE/media/parts_zpsfc449159.png.html)

Yes my error everyone. The entire length is 50 mm. I will have revise my picture. Thanks roybitcoin for pointing out my error. The guys doing the buying of the heat sinks have the right measurements I on the other hand was a tad sloppy there.

Given that a typical USB plug is 14 mm I will assume that the board for the K1 is 39 36 mm. To check this someone can verify on the Github files for the K1.

https://github.com/bkkcoins/klondike/tree/master/kicad



 roybitcoin

Oh the tension... so.... so... sooooooooooo close guys. :D

https://bitcointalk.org/index.php?topic=196281.msg2717626#msg2717626

https://bitcointalk.org/index.php?topic=190731.msg2720178#msg2720178

Just teasing out the last little problems with the website everyone. We should be ready with it Monday at the latest. Note there is a group buy available to get those lower prices right now with Beastlymac. Tentative shipping prices are posted there as well. As we are doing BTC only our shipping prices will be estimated and before delivery we will confirm based on exchange rate as we have to pay in fiat for shipping.

https://bitcointalk.org/index.php?topic=254358.0

Indonesian community members there is also a group buy here:

This is the link to the Indonesian group buy organized at Kaskus (Indonesian Nation-wide Forum)

---------------------

Ini adalah link ke buy kelompok Indonesia diselenggarakan di Kaskus

http://www.kaskus.co.id/post/51df0bde5a2acf1d7f000005

Currently working on a Hub design for 49 K1s and 1 Raspi.

https://tinkercad.com/things/1bmmwqGmqrq/t725.png?t=51e2a221&_=1373808207080

K1 mocked up with 3mm thick heat sink plate and 5mm fins.

https://tinkercad.com/things/cmfJuoXqo7u/t725.png?t=51e2856e

Sorry if this is a dumb question. What is the expected hash rate of your USB units?

282-450MH/s depending on if you overclock or not.

Nope not a dumb question...

256 is the basic clock rate I believe that BKKCoins is using for the firmware / cgminer but he has had the chips on his K16 board stable at 341 Mh/s with heat sink and fan. As this is a work in progress and given that he is putting out a new beta revised K1 and K16 board next week not sure what the final numbers will be.

282 Mh/s is the standard for Avalon chips.
450 Mh/s is the highest you could reach in optimal / aggressive cooling with a perfect chip under perfect conditions (oil cooling / water block cooling).

My guess from what I read. 350+ with a good heat sink and fan. Our K1s will have a decent sized heat sink so spacing on hubs will need to be sufficient for our K1's. We will post which hubs fit best with our K1s. We are sourcing a few different hubs. Also read carefully the last few pages of BKKCoins testing it is very important to have a good hub, wires, and controller to lower HW errors.

Follow his progress on the K1 and K16 here:

https://bitcointalk.org/index.php?topic=190731.msg2732864#msg2732864


Here for information on hashing testing of the chips in K1 and K16 configurations:

350 on K16 BKKCoins: https://bitcointalk.org/index.php?topic=190731.msg2705473#msg2705473
300 and 350 on K1 marto74: https://bitcointalk.org/index.php?topic=190731.msg2706866#msg2706866

Glad to answer any and all questions Rotorgeek... we are basically here to do just that.

Would LOVE that hub.  Hope it goes well.  Will be watching!

The only thing i thought of on hub would be amazing if you maybe add power connectors to connect computer fans to it.  Keep a little air flow with that many USB miners.

Well the idea would be to put a 2nd layer with a fans above or also thinking of a laptop cooler type fans the larger 300mm but it would be a couple of months before we had something like that. I was able to find new Ipad sync 49 port usb hubs for under $900 but that is still 19$ a port. Only option get one made.

http://bigpicturemining.com/  <--- still not ready for orders as we are trying to get accurate numbers on the shipping from Batam via DHL. In the meanwhile you can have a look around the site for now.

http://bigpicturemining.com/image/data/BPMClogo.png

Lovin' the logo from one of our members.

UPDATED ANSWER: https://bitcointalk.org/index.php?topic=190731.msg2741445#msg2741445 (https://bitcointalk.org/index.php?topic=190731.msg2741445#msg2741445)


Bicknellski:



Bkkcoins:

perhaps this is another dumb question, but is pricing of 0,99 BTC final?

got it, it is.
is this the wrong place or may I ask if you don't believe they are overpriced? I remember some people thinking about end prices far below this and I'm about to believe this end price is way to much for estimated delivery date. Just to be honest, it's the highest pricing you could have chosen, isn't it?

Price: BTC0.99 1-9
10 or more BTC0.89
50 or more BTC0.79

Also no it is not the highest price we could have chosen. We are trying to price these to compete with asicminer

If you want 1 it is perfectly priced since our members went back and forth on this very point. I would also say that by posting our prices the competition immediately lowered prices for their Block Erupters. So ya I think we are ok for now with .99 BTC.

If you want hundreds of these K1's we can talk about even larger discounts directly with the Coop.

Also there are some group buys. Beastlymac is running one. So there are options to buy your K1 Nanos from us at much reduced rates from .99 BTC per unit in the form of Group Buys. Hope that helps. We welcome the dialogue on prices remember we are miners and fanboys of BitCoin just like everyone else so we are trying to find a happy middle ground for everyone. Also we want to ship as many as we can as soon as we can just to get revenue flowing back to BKKCoin. Given the competition for these kinds of units and the current prices we really feel it is the right move to offer K1s in such a pricing structure. Time will tell if the community agrees.
 
We appreciate the question madmax_ger.

The Asicminer design is a proven design.  This board is not.

As a confirmed Capitalist, I believe that you should charge whatever the market will bear; however, if I have a choice between a proven device like a Block Erupter, and an experimental device like this at the exact same price, I will go with the more market-proven device every time.

Good luck with your sales.

Once bkkcoins complete testing in 3-4 days the k1 will also be a proven design and if you buy the k1 in a group buy you can pay 0.79 per k1 instead of 0.99-1.10 for a asicminer device that gets hotter has a horrible heatsink and has a higher hw error%.

There is a world of difference between passing initial prototype testing, and being widely market-tested.

I sincerely hope the K1 turns out to be a better device than the BE, but I have no reason to believe it is at the moment, and neither do you.

Sounds like a bet... go post it.

We have the confidence that the K1 Nano will be a functional unit and it will easily equal the Block Erupter.

Will we be right? Given the testing that has been done and is being done we feel pretty confident with these units.

So again yes .99 BTC seems to be a fair price for a few units.

And we have opted to give larger discounts as it were for those wishing to purchase larger volumes.

No technology being sold can be considered at the same level or quality as say an Apple or a Sony so basically you have to put your faith, hopefully educated faith, on these people developing the units.

I would say Asicminer, Avalon are proven.

Avalon chips are proven.

Will the K1 Nano we fabricate reach that level? Maybe given the work you are seeing out of BKKCoins. I think anyone in the community with technical skills is quite comfortable backing BKKCoins and his units. Not seen any negatives directed at his approach and I take that as a sign that his design will work first time out of the gate.

But your definitely correct it is "unproven" however it has VALUE even if it is unproven. It is a risk as is any purchase of an Erupter or K16 or say BitBurner XX or Alten's offering. But you know what we as a COOP really want to put our backing behind a guy who has literally put out a free design for the community. We want to support that. That to us is the intangible. Maybe crazy to put your money into a K1 Nano but you know what given how open the design process has been there is a lot more VALUE in supporting a K1 that is "unproven" merely to show respect the developer, but more so to say as community YES we support your efforts and we want more designs to be open source.

The only point I am trying to make is that this board is overpriced in the current market context.

Anyone interested at all in ROI will have already noticed that they can get 16x hashrate of a K1 for ~2x your price in a K16 from Terrahash and many others.  The only reason ASICMiner has been able to sell the BEs at this price point was because it was the only game in town for most people - but that all ends now.

Additionally, this board can (and therefore will) be produced and sold profitably at a considerably lower price point.  Maybe you can make a few BTC by being first to market.

In any case, that's all I have to say on this.  Good luck.

I agreed with your point as it is "unproven" but no it is not overpriced. We are offering lower prices for group buys as we said. If you want 1 K1 Nano and do not want to pay that price. Get one chip, get a board and diy. I believe that is a great idea so much so a few K1s will be featured in my schools curriculum and the middle school students will be building these K1s. That is available check that out if you want a much better ROI. We are offering fabricated, tested, burned in, packaged units shipped worldwide.

I value your point but I don't agree the K1 should considered something of a lesser product especially how we hope to get our version to market. We are keen on having something that could overclock as well... we will see given the latest post by BKK it is possible to do just that with some minor component changes.  

I just think there is a lot more value in supporting these units over "proven" ones especially given the effort put into giving away everything as open source hardware and the software as well, that is something that has a lot more value beyond the ROI. It will help the community fund more of these projects. We are looking beyond the K1 to other projects as well but let us support the DIY developers. Alten, Burnin and BKKCoins. Our K1s are just one offering there are many others.

If you had priced these at (cost + reasonable profit + royalty to BKK) I would agree with you, but you guys have chosen to go for the gold.

This is where we disagree particularly when you have little or no frame of reference of the costs both in components shipped to the fabricator, the time and resources allocated by the members of the cooperative to get to this point. Again we priced according to the market and offer much lower costs than block erupters. Buy 50 with others in a group buy problem solved. Heck get hundreds and you might even see a bigger savings. Yes so let us leave it there given you wouldn't want to speculate and you have already wished us luck. Also I might be pricing a bit higher just recoup the 4 heatsinks, the IR gun and the Bitcoin I personally donated to BKKCoins for the the scope to aid the development... lol then again I must be just digging for gold right?

Let me leave off with a plea to the DIYers again. Feel free to source your K1 components, Avalon chips and order some K1 boards and DIY that is the best ROI solution for anyone. There is a whole thread for that very reason. Oh look who the OP is: https://bitcointalk.org/index.php?topic=227186.msg2392400#msg2392400 Funny I thought he was going for the gold? Why would he tell people build their own and consolidate multiple threads to make it easier for the community to get the information?

All kidding aside we priced pretty much so that people will join together and buy in much larger quantities. Feel free to start a group buy... that is what I would do if I were you.

You're right.  I have no idea how much money and effort you may have wasted in your endeavors, nor do I feel any obligation to help you recoup them.

I COULD speculate somewhat on what the costs might be to a well-run organization that might compete with you, but I won't have to, as the market is already working on that, and competing prices will be the proof sooner than you probably anticipate.

You could we have already done that over and over again with 15 people.

Again what I said holds a lot of value.

Get a group together and make our COOP an offer we can't refuse you might find that all your negativity constructive armchair pricing has little merit given you are actually interested in buying in numbers. So point blank, how many do you want? If you don't want any xyzzy099 then time to move along. Asked and answered your concerns and have given you every opportunity to make an offer. I take it you are not interested in buying K1s in bulk. If you want some in future and are serious about larger numbers for better prices then please contact me directly via email.

Moving forward...

The website should be live tomorrow. As always we are keen to supply larger numbers of K1s to groups or coops. Drop me a PM or an email.

https://bitcointalk.org/index.php?topic=190731.msg2748156#msg2748156

Latest notes about K1 Revisions... we are waiting patiently for his tests of these revisions for next week.


Note: Our website is ready to take payments in BTC... although we are still working on the details for the shipping.

what's up with that?  no shipping to US?

No shipping prices as of yet have been added to the site. We are able to ship worldwide.

We have only rough numbers from DHL at this time and will likely change. We have a few COOP members from Canada, US and others in Batam working on getting finalized information from DHL, unfortunately taking longer to get that up on the site than we would like. For now here are the rough numbers based on Batam DHL offices. My apologies for my lack of skill setting the table properly.

Cost of Express International Shipping from Batam, Indonesia - USD (boards include heatsink)                                                                                                                                         
 
   

We are getting quotes for similar bundles using: Indonesia POS International Express Parcel service, will update later.

Can you tell me what the weight of one K1 is and where they would be shipping from to get to the US?
Thanks!

My guestimate... based on the density of Aluminum was that the boards are under 100 grams...but I have never weighed one with a heat sink so we overestimated just in case. We will have the board, heat sinks and a small plastic facia put on the K1 Nanos with our logo. But yes I think 100 grams.

Batam, Indonesia to the US of A.

https://maps.google.com/maps?hl=en&q=Batam+Indonesia&ie=UTF-8&hq=&hnear=0x31d9bce8c054ce05:0x3039d80b220cbb0,Batam,+Riau+Islands,+Republic+of+Indonesia&ei=sALnUeW3G8iHrgfQi4CABw&ved=0CNYBELYD

Two of our members in the COOP live in Batam and are only minutes from the fabricator.


​PT Venturindo Jaya Batam (VJB) was established in 1993, with their main production area spanning 6,800 square metres or 68,000 square feet.

They are an Electronics Manufacturing Services (EMS) company that provides a comprehensive "One-Stop" EMS solution, in preparation to fill an unmet need for the Multi-National Companies (MNC) both in Batam-Indonesia and the region.

http://198.211.104.183/image/data/SMTproduction%20line.jpg

Thanks for the quick reply.  When you get them with heatsinks and weigh them please let me know.
I'll keep an eye out here anyway.

The will be very much like this...

http://bigpicturemining.com/image/cache/data/sink-500x500.png

and dimensions are smaller now then when I calculated the weight before. Heat sink 32mm x 25mm x 10mm. If you want I bet you can do the calculation pretty easily.

If you note above we have set the numbers of K1s per Kg as well as based on the space available and the minimum weight that DHL calculates. So I doubt the numbers for the K1s in the packaging will change based on slight weight variations I calculated. The best per unit shipping cost is for 500 K1s... so get your friends into a group buy and split that cost.

Further update on the 2.0 vs 3.0 USB and the K1 particularly the reference that BKKCoins made ' -specify an alternate reg and inductor allowing 3A power (not for USB 2.0 ports)'

https://bitcointalk.org/index.php?topic=190731.msg2753267#msg2753267
   
I asked: "There have been a number of questions regarding the (not for USB 2.0 ports) reference BKKCoins. Can you explain in a bit more detail, only if you have the time, about this reference? Pardon my ignorance I just want to make sure people are clear about the reference."

http://i230.photobucket.com/albums/ee106/PFC4L1FE/chips_zpsa3d8cccc.png (http://s230.photobucket.com/user/PFC4L1FE/media/chips_zpsa3d8cccc.png.html)

That is such a great picture  ;D

Fan mounts would be more useful.  Fans can run from the ATX needed to power a dense hub.

Please consider having one of your members get the items shipped all into us to them, and distributed through them.   i know i want 1 to try out but with almost 70 dollars shipping for if i read it right makes cost for just a few very high.

Possible for a lot shipment and redistribution. Group buys ideally would be that way.

There are 2 forms of shipment.

1. Express Package / Paket Cepat (Shown in chart most expensive)
2. EMS Priority Merchandize. (Not shown.)

Check out the site here:

http://www.posindonesia.co.id/index.php/loginall-comuser-views/tarif-kiriman/kiriman-pos-internasional
http://ems.posindonesia.co.id/index.php?param=rat

Sample based on a Country delivery and prices are generally based on closest port:

and DHL/UPS/FedEx?

and please answer pm

DHL...

and

EMS Pos Indonesia

Your choice.

I have been sent small EMS packages from Southeast Asia before.  USPS delivers them once in the US.  They take about a week but I never have the ability to track mine.  Not sure if it's an option or not available.  Rates appear to be more reasonable.

How to pay for a K1 Nano on our new site:

Step #1 Register for an account. http://bigpicturemining.com/index.php?route=account/register (http://Register for an account. http://bigpicturemining.com/index.php?route=account/register)

Step #2 Choose how many K1 Nano's you want note the set price in USD.http://bigpicturemining.com/klondike-miner/k1-nano (http://bigpicturemining.com/klondike-miner/k1-nano)

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales1_zpseff1cc3a.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales1_zpseff1cc3a.png.html)

Step #3 Go to the shopping cart and estimate shipping costs. http://bigpicturemining.com/index.php?route=checkout/cart (http://bigpicturemining.com/index.php?route=checkout/cart)

Step #4 Select Country and other information.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales2_zpsdb91acdc.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales2_zpsdb91acdc.png.html)

Step #5 Follow shipping steps provided.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales3_zpsfef7cc0e.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales3_zpsfef7cc0e.png.html)

Step #6 Follow shipping steps provided.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales3_zpsfef7cc0e.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales3_zpsfef7cc0e.png.html)

Step #7 Select Pay with Bitcoin

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales4_zpsdad7a1eb.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales4_zpsdad7a1eb.png.html)

Step #8 Bitpay. Payment window 15 minutes.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/sales5_zpsca63d579.png (http://s230.photobucket.com/user/PFC4L1FE/media/sales5_zpsca63d579.png.html)

Am not sure if you remember, but somewhere on the klondike thread Chris suggested that a K1 (chipless) could be used to interface between usb and k16`s.  I like this idea of reducing the k16 workload with a K1. Would you give some thought to a short production run for chipless K1's. Am not sure what the demand would be but am sure there would also be demand for diyer`s with a few chips left from their orders also.

Good Luck, I maybe ordering a few complete miners once the chips come in.. ;)


Edit : Just had a browse of the site, added a miner as it was priced at 0BTC shipping was 0BTC. I then increased it to 100 miners still 0BTC. Was tempted to try the rest of the checkout process  ;D

you can order bare boards from BKKC's online store,
get in early and he has some limited edition white coloured ones   :D

cheers,
kev

We are definitely still working on the shipping.

At this point we need to finalize which countries we actually are able to ship these units to from our drop site. Others will have to be delivered direct from Batam using more expensive means. The website will indicate that at the time you order. After we resolve that then we can release the site again so that people can order. Our plan is to have a single drop ship location and from that location ship on worldwide.

Fingers are crossed of course for chips.

Yes if you want to DIY please please please CHECK OUT BKKCoins offers here: http://klondikedesign.com

Also if you need some DIY pointers... check this out as well: https://bitcointalk.org/index.php?topic=227186.0

Hey Kev? Is your offer still good "Pay for K1 Fabrication in chips, 1 for 1": https://bitcointalk.org/index.php?topic=257666.0

Try this K1 BOARD ONLY group buy for that... I am all for it... just need enough people and a round number 100? 1000?

https://bitcointalk.org/index.php?topic=252113.0

Thanks, I need to pay more attention, I keep missing things as the forum is so busy these days.. :o

Tell me about it... too much to follow.  :) ;) :D ;D >:( :( 8) ??? ::) :P :-X :-\ :-* :'(:o

The website is down.

Website is now up.
https://bigpicturemining.com/klondike-miner/k1-nano

We where automating a few back end things to make it easier and faster for people ordering.

Looking for interest in a group buy for these little guys: https://bitcointalk.org/index.php?topic=261140.msg2786824#msg2786824

Ya posted there.

Let us know what you what you need. Feel free to ask us for discounted pricing on larger orders.

Also note that with our current expediter shipping choice is based on best price and availability for your country. So we can not say exactly what company will be available but there should be a selection. If your country does not show up on the shipping forms please use the website contact information and one of our members will help you shipping.

Big Picture Mining Cooperative is close to a prototype for a USB hub that when ready should be something that we can bundle and put together with K1s or be sold as single units for anyone needing something with ample power and slots.

Soon as we have prototype testing we will will release more details on the hub. Suffice to say we are looking to solve the issue with Raspberry Pi, and sufficent number of ports for the Klondike 1 Nano v 0.2.2. with alternate configuration that BKKCoins has discussed on the K1 thread. We are going to test it with multiple K1s, BE's and eventually any other USB miners which would be another BPMC sales thread entirely.

The members of the Cooperative have decided the lower the price of our K1 Nano's to $49.99 per unit.  NEW

No special lot prices will be available just one price.

Those interested in larger lots of 1000+ can be discussed but available only in October. We are still waiting on Avalon Chips as is everyone else. Fingers crossed our earlier chips arrive soon.

That gets you in the race. Now for delivery timing.....

Always been in the race and now we are priced pretty competitively given the options... unfortunately Avalon chips need to keep pace with our fabrication timeline... for everyone's fabrication timeline. Sitting and waiting is the game now for pretty much everyone doing Klondike products. The line we are using rated that 3000 units per day could be done. So our small batch to start with would be done in a matter of hours. Come on AVALON SHIP OUR CHIPS!

Agreed. But assuming delivery in the next month or two, and overclocking, you can get your cost covered in 90 days or so of mining.  Much more appealing!

Yes I hope so. We want to get these out to the market asap. Our members are really excited to get these K1s into peoples hands and our own hands to see what they can do. Personally working with one of our members now on a USB hub that will be great add on for those going with USB miners. Eventually we will release the hub in 2014 as an Open Source Hardware as well. So many great projects coming out of Big Picture Mining Cooperative. We hope to see more projects from the community we can also support. This is not a one off prospect for us we are looking longer term and diversifying our offerings.

50 bucks?  I'm in for a couple.

Website is up. Order up.

So, assuming chips are arriving within a week or so. What is your best bet on shipping at this point?

no Pos Indonesia in shipping options?

I've just tried, but the shipping calculator gave me very limited options for countries you are selling to, my country not on the list. Do you plan to improve that part?

hello sir can we meet in batam for local payment and pickup?

What country are you located in we are trying to add as many as possible.

Group buy has started.  Anyone from the US who wants to order stop by and make your pledge.  Our initial target is 50 miners.  We'll expand to include more as needed (up until about 500, which would probably be too much for me to handle alone).  Prices subject to change based on feedback from Bicknellski.

https://bitcointalk.org/index.php?topic=262654.msg2805819#msg2805819

I like the new pricing but when I estimated my shipping cost on the website the only option was DHL.

For 20 K1s, the quoted shipping price to the USA (AZ) was US$460.61.

That's 40% of the cost of the K1s!

We are currently fixing postage issues as fast as we can. It is best to send a message to support with your problem through the website.

No.

Shipping from Batam to anywhere inside of Indonesia is very reasonable. No need, and no time, for us to meet in Batam.

Passed this post onto the shipping / website members handling this and we will try and find a better option. If you can please send an email / contact through the website should you find pricing that is "ridiculous" and we will work on that for you.

Alternatively work with others in your region to share shipping prices.

Looking good BigBen... best of luck. Will check out the thread. Let us know if we can help in anyway.

PM sent.

Hey everyone so just wanted to update the community.

I've been the one setting up the website and unfortunately something happened with the shipping options and quotes are way higher then they should be.

Currently fixing the issue now and will update the community when everything is running normal again.

Thanks for your patience and understanding :)

Site is down to get those wonky shipping costs fixed. We are trying to rework the SKU settings on the site so that the cost of shipping is tabulated correctly. We hope to have it up again as soon as possible.

Ok guys sorry for the long wait but the site is live again with Regular Package available for the following countries.

Mexico New Zealand Switzerland Russian Fed UK Australia Germany US Canada Belgium

I will continue adding options and countries progressively today so stay tuned :)

I have currently got Shipping setup for the following countries. Will continue adding shipping options to those without Fast Package & EMS Merchandise.

Regular Package/Fast Package/EMS Merchandise
Australia
Canada
China
Germany
Hong Kong
Netherlands
New Zealand
Poland
Russian Federation
Sweden
Switzerland
United Kindom
United States

Regular Package
Argentina
Australia
Austria
Bangladesh
Belgium
Brazil
Bulgaria
Canada
Chile
China
Colombia
Costa Rica
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
Finland
France
Germany
Greece
Hong Kong
Hungary
India
Ireland
Israel
Italy
Japan
Jordan
Kuwait
Malaysia
Malta
Mexico
Morocco
Netherlands
New Zealand
Nigeria
Norway
Pakistan
Peru
Phillippines
Poland
Portugal
Romania
Russian Federation
Saudi Arabia
Singapore
Slovakia
South Africa
Sri Lanka
Sweden
Switzerland
Taiwan
Thailand
Turkey
United Arab Emirates
United Kindom
United States
Vietnam

So how is the overclocking on these done exactly? Is it through the firmware, or a cgminer command switch?

Also what's the likelihood of being able to get them at 333Gh/s to at least be able to match the Block Erupter sticks?

Was seriously considering ordering at least 5 of these which is around $55 each shipped, but the price on the Erupters just went down to ~$45-$50(.47-.55BTC) shipped depending on quantity and they're shipping now. I like the idea of being able to overclock them and such, but without a solid 333Gh/s at least it's just not looking like as good of a deal.

We are not Block Erupters funny how they could 'easily' DROP their price taking over a week later to react to the market? I wonder why? Rumours indeed. So they can price how they price (dropping to meet our prices every time so you are all welcome BITCOIN community for forcing them to come down to a REASONABLE price). We are different in a number of ways but here are 3 important ones to remember when the difference in prices is a few dollars. 1. We are giving a ROYALTY to BKKCoins for each K1 we make so see that as a positive and buy our product over the other offerings. Support OPEN SOURCE HARDWARE! 2. We are not looking strictly at one product for the short term gain we a proactive Cooperative and we are producing these items our self we are not a 2nd party reseller we are actually on the fabrication floor testing and shipping these units. 3. We are priced in USD at $49.99 but you pay us in BTC so watch the exchange rate and get better deals when BTC rises against the USD.

In terms of overclock we are waiting on available components and testing of different hubs to find out max on these units. The K1s that BKKCoins have up currently on the Github can hit 350Mh/s as shown in the posts above by Marto76 during his testing beyond that we are not sure given the hub you use or the components. Since we are all waiting on AVALON chips there was talk by BKKCoins for a more "PRO" version of the K1 that could push to the 400+ range but I am not sure how viable that is given it may require changes to the K1 board but if there is a change and frees up more available components for fabrication then you will get that version definitely. However, I suspect that 350 is doable and that is where we will be come our fabrication. Also note that cooling will be good with the K1s unlike the competition space heaters we have a good heat sinks and temps should not exceed 50C to 60C with some air movement. Please follow BKKCoins thread for that information on all the specifications.

Personally I believe having BKKCoins as the designer is going to put the K1 and K16 into some rare territory of the DIY Open Source Hardware community, what we are getting is an EE with decades of insight into PCB design and layout. We really believe that he should be rewarded over other products and hopefully that might persuade BKKCoins to do another run on another chips next year.

The price war which we started is good for the community but as a COOP we are really unphased by group buys scrambling to keep pace unlike us we are not slow to react we can definitely shift gears in different directions given that we have 15 members in 8 countries spread across the globe with 3 Electrical Engineers. We have other ways to meet or exceed their offers and we will. Stay tuned for a USB hub kit, that we are producing in house, that could change the game significantly when we potentially bundle these with our K1s.

People are wondering will the K1 be a viable product coming out of our fabrication by Big Picture Mining Coop. We believe we are ready for any challenges and we are doing what it is required to get working products in hand to our customers.

BPMC Inspection and testing of the K1 Nano PCB should encompass Industry Standards and best manufacturing practice.

Specifically:

Inspection:
Visual Inspection and/or Automated Optical Inspection.
The PCB shall be inspected in accordance with the requirements of IPC-A-600 PCB Inspection Guidelines to insure that a Class II product us delivered to client.

Testing:
The following tests to be performed on a mutually agreed number of sample coupons per production batch:

1. Impedance test traces
2. Access points to power and ground plane pairs
3. Checking the “stacking” of the layers

PCB Functionality Testing:
The following tests to be performed on a mutually agreed number of PCBs from first sample batch run:

1. Analog signature analysis.                                                                   (power off)
2. In-Circuit test -Power supply (Voltage).                                                 (power on)
3. Clock signal test.                                                                               (power on)
4. Programming test/ PIC functionality test                                                (power on)
5. Ktest via USB (Automated for GO - NOGO signal).                                    (power on)
6. Beta Software test (Function Specific Test using BFG &/or CGminer)           (power on)

After all above test results are found to be acceptable to client, full production line run can commence.
Client may request further samples from the production line to undergo Tests 1-6 above.

I am interested in buying these to get rid of my GPU's. Are you still on track for an August to September delivery? I would like to get at least 20 and possibly more.

price is going to be an issue with these, since asicminer is already delivering 'professional' looking devices at 336 MHash for the same price.

Price for BE is the issue for the community not the price for the K1's as we are more than willing to offer rebates if we need to lower prices again. I suspect that won't be necessary if the Avalon chips arrive in a timely manner based on current ROI calculations. The only reason they are LOWER is because of us, and we will say it again you are welcome community. We will see as we get close to production how much lower we are just on MtGox prices. Nearly 0.5 BTC now with the exchange. Correct about delivery dates for any Klondike product and we are well aware of that that and will look at the situation. If delays are prolonged for chips we will review prices. Again August is our expectation all we are waiting on now is really the Avalon chips production is ready. As we begin to bundle our K1s you will see even greater savings.

Air Quotes for "Professional"? Why?

Seems to be a pretty solid product only a few failures I have read about here on the forums although they do run very hot, maybe too hot, and many owners seem to want to lower that temp with after market upgrading to cool them down. K1s when they ship will be a lot cooler.

^the quotes are not fully needed i guess, they were to refer to the fact that the design is fairly finalized, with the laser-etched heatsink (if you can call it that!) and 4 available colours.

I don't doubt the K1 can be made cheaper, and thats what i like to hear! By the time these enter production, difficulty will be through the roof and <0.3BTC prices may be necessary to come near break-even.

I see these 1-chip devices as more of a fun/gift item then a profitable device (unless you resell on ebay apparently), and think that it might be more important to focus on the 16-chip designs if profit is the goal (considering 5-8 of these K1s match the price of most K16 preorders)

+1 Yes I can see that as well.

Personally as a teacher/principal I see the K1s as an excellent curriculum pathway, introducing bitcoin mining, math, electronics, and physics to students but also it is a great way to have a low cost / low tech entry into bitcoin mining for the first time miner to get an idea of what Bitcoin / Cryptocoins are all about before venturing deeper and ROI for them can be secondary.

If we can get these K1s fabricated and out to people in August through October as planned, (AVALON DELIVER NOW FOR THE SAKE OF MINERVA PLEASE) there is still potential to use them as a solid mining farm base especially if we can release our own designed hubs that can house masses of these units. We are also keen on our future USB miner that we will bundle with the hub and potentially the remaining K1s, but we are not yet ready to release the details just yet. Suffice to say BPMC is not some one trick pony group buy with overpriced products gouging every penny out of the community. We are here for the longer term and we are keen on open source hardware that will be cheaper and available to anyone willing to DIY. We will let you know as soon as we have the K1s ready... but like everyone else in DIY community we are waiting on Avalon to get us the chips.

Ƀ0.47 price looking better and better everyday.

That's true.. but ASICminer keeps flooding the market. Better hurry up!

Block erupters are going for as low as .40BTC in current group buys and are available right now, so I don't see how a K1 at .47BTC is viable considering these are pre-orders and pre-orders suck!

It's a shame so many folks are at the mercy of Avalon bulk chip shipments at the moment. Unfortunately, by the time you have these ready to ship in a month or two, block erupters will likely be selling for between .20BTC and .30BTC so I hope you can still make a profit selling K1s at that price...

BE's are not priced at .4 per unit. You  have to buy a minimum to get that price and again you are welcome since we were the first ones to offer that type of pricing which the BE group buys copied directly in order to be more competitive. Too bad they weren't offering that day one rather than gouging their customers. Sad.

As for dropping in price. They won't drop price unless we do so I doubt that will happen and we can all worry about that when we actually get the K1s out to market in 1 to 2 weeks, or longer depending on shipping of Avalon chips, at that point. All we are currently waiting on are the Avalon chips we have all our components lined up and ready to fabricate as soon as Avalon gets us our chips. We are pretty comfortable by working on bundling of K1s with hubs as the market matures in one or two months and that will be something that group buys won't be able to match. We are finalizing our USB hub which will be priced reasonably compared to other hubs offered off the shelf.

We suppose people will either buy or not buy, but what is certain we will be making K1s. We will be paying our royalties to BKKCoins and we will either sell out our lots or we will mine them. Again we are not worried either way and with a potential of terrahashes per second we are keen on offering cloud hashing in the future in our own farm / pool which the COOP members suspect will be a great way to get our K1s to work if they are not interesting to the community for sales. Also given what we have in development we are not really all that concerned with what USB products are on offer currently, as we are never locked into one chip, potentially waiting on some new design that is easily 4 to 6 months away. Having 3 Electrical Engineers as members in our COOP makes that less our problem and more group buy supplier problem. Once the Block Erupters have shot their load, as it were, we will be there to offer the next generation.

Although you might think we MUST SELL at lower rates that is a pretty narrow view for our COOP. Let us worry about the prices and delivery for K1s and let BE's Group Buy leaders worry about keeping up with us. I bet you dollars for donuts they will only drop prices only if we do. Given that is how they have played before I doubt they will change that strategy. We are pretty comfortable with whatever the market brings and 'firesales' to recover our production costs are unnecessary for our COOP. That might be what group buy leaders want for their BE's but we are here for the long term, we have a vision that is hardly limited to K1s and their sales.

Agreed!


Although you say this many times, I really believe K1's have a really small part if none in their price drops.
BE's have no ROI, and still they have thousands of devices to sell. Only option is to drop prices but still being a very expensive device for what it outputs.

Maybe when you can ship, will K1's price become part of the equation.
I really look forward for those days, where buyers don't have to pre-order based on hopes and dreams, so keep up the work! ;)

Right now we will hold prices at this level and will determine whether or not to mine or sell the remainder of the lots we have as the market matures.

We really think the value we will have is to bundle our K1s with hubs, raspi's and SD cards, but again as we wait on Avalon Chips it is really hard to gauge that price point right now.

V0.3.0 Has been uploaded. Sexy drill holes for the Anodized Red Heat Sink. Hope to have some pictures soon.

http://i230.photobucket.com/albums/ee106/PFC4L1FE/K1Nano3D_zps4458d8ca.png (http://s230.photobucket.com/user/PFC4L1FE/media/K1Nano3D_zps4458d8ca.png.html)

We are all set now. All we need are Avalon chips. Anyone see the chips from later group buys feel free to shout out and let us know.

IF that so then this will be much more effective than the currently USb Asic Miner that we are using. Just make sure that the pricing is very competitive for small time miners. Cant afford thousand bucks then this is a great alternative.

This is very true! Come on K1 Nano Double time!  ;D  patiently waiting!  This is really a game changer for small time miners!  And of course you must also monitor the price of the other USB Asic miner, must have a competitive pricing.

That is situation right now. Till we get the Avalon chips delivered we have to wait. Until there are chips we won't be able to assess the situation appropriately and set bundled pricing. Time of delivery of those chips is the critical factor for pricing the K1s we are making. Pushing forward with our USB hub right now is also a priority so even if delays continue on the delivery of the Avalon chips we have something that miners need.

Sadly everyone is now in a holding pattern

I bought one of these off you bicknellski.  Can't wait to get it :)

Off us... takes more than me to get the K1 ready. Thanks for the purchase. As soon as we hear the chips are at the fab we will let you know.

paypal?

BTC only. Please read our terms and conditions on the website.

bigpicturemining.org (http://bigpicturemining.org)

Fo shizzle :)

I've got a giant K16 buy in another thread, but I digest...

I saw in another group buy that ordered late april and received late July. 

When did you order the chips?  (I'm just being lazy, if it's covered in this thread) :)

We are spread out from May to June on various group buys... hard to know when these chips will arrive given the 2 to 3 weeks of delays already. We should have received some developer chips and still waiting even on those. We are looking at alternatives as well just in case we have delivery delays that just cause ROI to completely tank. Suffice to say at some point Avalon has to deliver or face problems with trust for future business.

I asked for a refund for my preorder 2 days ago.. Still have not received it..

Order number 57... Please advise. :/

Good job - now we pay 50 dollars for a device expected to make $30 if you have it in hand today and running - still a sunk cost which means zero ROI.  What are you guys even making this for?  This is why Groupbuys for chips are a bad idea... you guys along with all the other cottage Asic Builders are waiting for Yifu to deliver the Avalon Chips - Anyone who trusted in you also indirectly trusted in Yifu too thanks for lowering the price from laughable to still laughable.

Where the hell did you get these calculations? From mine there's still ROI to be made if you COULD have these in hand now. As with the delays in chip delivery I think there's no chance for ROI at 50$ Anyone who wants to get into ASIC Hobby mining(1-2GH) is already going for the Block Eruptors. Me? I'm waiting on 10 chips, I may just outright sell them whenever they get delivered and will never trust Avalon again.

Can you make your signature block more annoying please... thx in advance.

You have received PM's from me less than 3 days ago and with my spotty Internet I have tried as much as I can to be here and responding.

I am personally trying to contact our website manager and have emailed him directly, through the website and I have updated your order as much as I can with a note.

I apologize for the delay in getting the refund this is clearly our fault and I am trying what I can to get this rectified from Puncak in the mountains south of Jakarta with very very very limited Internet access.

As a last resort I can give you my own BTC but you will need to sign a message to me so that I can verify you have control of the account you want the BTC sent and I will have to verify your identity as well through the message so that I am sure you are the same person who ordered. Please communicate with me via PM or via email darin.bicknell@gmail.com.

Again please understand I have very limited access to the Internet and it is hit and miss with the cell towers here. So I will do what I can. I am sorry for the wait it is our fault I hope to have this fixed today if at all possible.

---------------------------

Note if delays continue in shipping from Avalon we will provide full refunds, or store credits for our 50 port USB hub and or our 2nd Generation miners available in the coming months, will be given as there is little point to holding out hope for a production if Avalon is failing to respond and send us information. The DIY community is unfortunately being held hostage at this time and our production is part of that DIY community. We echo the communities frustration with Avalon and we agree with the sentiment of choosing not to work with any company that is ineffectual in terms of delivery and communications and it is becoming all to clear Avalon is slipping into that range of companies.

How come my order is being refunded?

What's going on?

Avalon has failed to deliver on the chips. We are unable to produce a product without them.

At this time we are working on our refund process so we hope to have that ready this week and refunds will start soon after that. We have formally sent a ticket into Avalon for a refund for our chips as such we are officially not going to produce our K1 Nanos. We will hopefully have a superior product available in August or September that is based on chips from a company that has actually delivered their chips on time and to customers without delays.

Refund process:

1. Customers sign a message from an address they control and send the details via the website contact please CC me at darin.bicknell@gmail.com as a back up.
2. We will take your message and verify it and post the information in your order ticket and notify you we have verified the address.
3. We will be working on sending out refunds as soon as we resolve a few internal issues with the website and our cooperative BTC addresses this should be done soon but we want to make sure that everythings is refunded without errors so we need to be sure that we do not do double refunds or send BTC to the wrong addresses.
4. We will then send out refunds soon as these issues are resolved.

Please email me for further details and do not post any details here in terms of addresses etc to keep them as secure as possible.

We will be sending out a more detailed email but suffice to say K1 production is being halted as there has been no reasonable information posted from Avalon directly to us about the location and delivery of the chips. We have not been shipped our developer chips which should have arrived many weeks ago. Rather than wait for 4 to 6 more weeks for delivery of chips given the marked delays already in orders we are trying get the BTC back in your hands so you can buy other products.

Note we are close to having a USB Miner ready using a chip that currently produces 1.2 Gh/s in our prototypes. We are also going to auction off 20 units to the community when they have been fully tested on our website. Also we will likely produce these USB Miners as a DIY model that people can buy soon and then put their own chips on and start mining.

We are sorry for the Avalon Chip delays but we feel we need to cut off production so that we avoid the longer potential delays associated with this uncontrolled situation. We hope  our other products can pick up the slack.

Aww that sucks :(

I was looking forward to putting one of these in The Bitcoin Museum (https://www.thebitcoinmuseum.com)

Can't wait for the new generation :)

Be wary about offering refunds when Avalon WON'T refund you for the chips. You'll have 10k chips arriving on your door.

Really Interested in this... Would the kit include the chip? If not would be nice to know which chip to buy.. ;)
I know your keeping this close to your belt, just letting you no there's interest..

This is all such a shame after all the work that has been put in by yourself, Chris and others. Am gonna get my k16's done regardless just so something comes out of it even at a loss, but I only had a few anyway so its no big deal..

Regards

@ Bicknellski

Question: Are you by any chance funding your refunds to your buyers by some sort of separate sales channel deal?

Like for example, do you have any associations with ASICMiner?

65nm Gen2 = 1.2 to 2.5 GH/s (per chip) AM hardware?

The kit will most likely include everything but the chip. Just install the chip and you are ready to start hashing. It will also include the required cgminer and bfgminer plugins.

Refunds for the k1 are just coming from what people have already payed. They will be refunded 100% of what they originally payed. We also have no associations with ASICMiner.

A company selling miners that is doing the right thing and returning 100% due to not providing timely delivery.

I call SCAM  ;D

Shut up and take there Money!!

We are just working to do our best for the community we are not in this for riches we are in it to help the community and make miners and other mineing paraphernalia available to the masses.

I really hope you make more then 20 of pre-made for community of new ones.  Lots would love to try something with 1.2 ghz. 

I know, bizarre right?

Is this one of those times where you don't question the gift of a refund??

I bet it's Bitfury.

Congrats on refunds, it's the right thing to do, and extremely rare. Will be remembered.

Sad to see this to happend. I will be following your upcoming project with interest.

We have only 20 test chips in the prototype lot and the other chips we have on hand are going to members not for sales. I suppose members might do private sales of these units but I suspect they will mine with them. So the boards we will be offering is of the DIY variety as the time frame for mass production of miners is likely to be months we doubt that anyone would be interested in buying USB units if there is a flood of cheaper single chip units that are much more cost effective in October or November.

May i suggest that you link to your new project in your footer? It's always a hassle finding these interesting projects and my watchlist doesnt seem to update all the time.

Maybe you can get one signed from BKKCoins... that be best anyhow.

Footer is for BOYCOTTS to Avalon. As soon as we have a product available and cleared our refunds we will start advertising the new ones.

Awesome, it is good to see the team is moving forward.  Current vendors are still selling for profit instead of any reasonable ROI, good luck to getting your next product out of the gate before someone else can undercut you. :(

I applaud BPM for protecting their customers, a refreshing change in a BTC only business.  I wish you and your investors luck seeking restitution from Avalon.

Thanks guys. We hope we can simply put out some products people can reasonably use without being dead weight. There are exciting times ahead with some pretty amazing boards and chips. I can't wait to see them personally regardless if we produce some or not.

Refund Processing is now taking place.

I have sent out an email to all customers about this and the procedure that you need to follow so that we can start the refund process for your order.

Given we stored all the bitcoin in a cold wallet in secure locations across a few locations this will take us a few days to reconstitute your BTC into digital form. We were going to hold it in cold storage that way until we had shipped our product as a backup incase of something catastrophic like Avalon failing to deliver quality chips that blew up 1 week after customer use or the units sinking to the bottom of the pacific during shipping. We were going to use our own funds for the chips, fab and shipping but given Avalon's abject failure we can't really risk our own or our customers bitcoin any further. We apologize for the delays in refunding your BTC and we are working hard to have this process ready for refunds by early next week. We hope to have new products up soon after we have completed all the refunds.

As stated before:

 :o  Wow,Refunding?? Really??  :o  If only ALL ASIC "companies" acted like you guys,the world of Bitcoin would be sooo awesome  8)

Congrats on your choice to "cut your loses" & looking forward to your future endeavors  ;)

...I did not receive any email from you.

What order number are you?

I sent you a PM...

A company that is doing refunds.  Round of applause for this.  Turns out ASICMiner isnt only honest company.

I did the next best thing.  Bought all the K1 parts from his site ( including proto board and solder stencil)

Only for the museum :)

I look forward to the auction of those 20 prototypes.  As I've stated, I'll be keen to get one of these in my Bitcoin Museum

We are only doing refunds for k1 nanos purchased from our website. You will have to talk to SebastianJu about that.

All right... thanks man! I did not notice that.... sorry!

I did not send that PM ?

How will you deal with payments that were made in Bitcoin, like mine was ?

I meant that I had removed his name. Payments made in BTC will be refunded in BTC

Much appreciated!  Will there be a follow up email requesting a wallet address to send them to?

(And yes, I figured that -redacted- meant that :) )

Hi, I never received email for order #61.  
Only communication was  


Thanks!  Sorry this had to happen. Looking forward to next device.

Please send me an email directly to darin.bicknell@gmail.com with a signed message from an address you control. I will verify and add that information to your ticket on the site. We are likely to get out refunds today and tomorrow given we have the QR codes now and can convert funds quickly to digital form.

Customers,

There seems to be some sort of problems with our email outbox on the site.

Can you please send me an email that has a signed message from your personally controlled address with the details of your orders.

I will update your order tickets personally and as soon as we verify the messages we will likely be able to get refunds started today. Again we are sorry for the delays. I will also send out emails manually to every customer today with this notice.

Refunds Issued on August 16th, 2013:

xxxx57   REFUNDED https://blockchain.info/address/1KLYEXnXacCeL9b4KbfQqSxyAhZS6bXXH
xxxx61   REFUNDED https://blockchain.info/address/1Fs6yJixDtsdkjRxUDsG9yP8wfkL36r6va
xxxx73   REFUNDED https://blockchain.info/address/1FiGx2RQVPeCPhtseXvXtEhmmwxfsY8vnj
xxxx75   REFUNDED https://blockchain.info/address/1F6vKcL4t7awegw466NtfH2CHEUXmUEF6y
xxxx82   REFUNDED https://blockchain.info/address/1Fs6yJixDtsdkjRxUDsG9yP8wfkL36r6va
xxxx92   REFUNDED https://blockchain.info/address/1dc81BVNy688RS2E9iqf8VtJVB4YbQpCs
xxx101   REFUNDED https://blockchain.info/address/1KDsPbcynQGQJ5nT1wTsWdwu6WhvLLYTsW
xxx165   REFUNDED https://blockchain.info/address/1KDRB1iLMRAa2bTbLjzZr3NHwaRDka8pAh
xxx169   REFUNDED https://blockchain.info/address/1AiewPWnGLNQS4nbncdemaahiv6d2rHeBt

More refunds will be processed tomorrow. Please make sure that you have sent a signed message from an address you control. Make sure to email us the message, signature and the address so we can refund you as soon as possible we really want to clear all the refunds tomorrow.

Only send us an signed message from an address you control. We need you to be able to sign a message with your receiving address to prove that you're the owner off that address:

How to sign messages?
https://i.imgur.com/aZjRyKX.png

thanks, refund received.

You are welcome. Sorry for the delays refunding you.

Refunds Issued on August 17th, 2013:

xxxx47   REFUNDED https://blockchain.info/address/13Btmk1zjSY9zuaAsLiQ8z56r7urK6kgF9 
xxxx77   REFUNDED https://blockchain.info/address/1LD49ExSFQrfG4RF9uSQWnejZtMPVH9fKH
xxx109   REFUNDED https://blockchain.info/address/198uNCPsV1XQujPB5UqSuQVk86PB5qUkQ7

Refunds Issued on August 18th, 2013:

xxxx93 REFUNDED: https://blockchain.info/address/18qjh5ueWjC3pTKfMMLQQEDDLbzY9D37px

We are still processing the refunds and have sent out a number of subsequent emails. We only need to process 5 more refunds. Please make sure to get hold of us as soon as possible as we want to clear the remaining refunds and move on to our new miners we have in development.

- PROCESSING -

xxx170   Processing
xxx154   Processing
xxx123   Processing
xxx115   Processing
xxxx69   Processing

Refunds Issued on August 18th, 2013:

xxxx64  REFUNDED  https://blockchain.info/address/1Q9zhPEKhgi4U7uCt1o2Ao3oQ4YXFSzL2v

This example makes it easy :

Post # 410:
https://bitcointalk.org/index.php?topic=195052.msg2087551#msg2087551

It is confusing,until you do it once 

Open notepad:

1.Go to your "receive coins" button,click it,copy & paste that addy in notepad.This is YOUR wallet addy,any BTC sent to it will end up in your wallet & no one else's.
I only have one receive addy,if you have more than one...........I don't think it matters,just pick one.Someone correct me if I'm wrong

2.Now,go to "transactions" button,click it, find the transaction you want to sign,right click on it & click on "show details".Copy & paste the "Transaction ID" in notepad.

3.Your ready to sign a message,go to "file",upper left corner,click it & click "sign message".

4.Copy & paste YOUR wallet addy in line 1.........In the body copy & paste the "Transaction ID".Put your info in there too,what the BTC was sent for & how much (EXACT amount),name,shipping address,etc...

5.Click "sign message" on the bottom,it will generate a unique ID #.Now copy & paste the info from all 3 sections in an email or PM,keep them seperate in the email (don't just bunch em together) & volia!!!!

You just signed a message 

Thanks,

Our emails covered that as well but good to have up here for others.

Refunds Issued on August 20th, 2013:

xxx170   REFUNDED (address to be posted soon)

We are trying very hard to get the last few customers refunded. Unlike other companies we are chasing our customers down and trying to pay them back. Never knew how hard it was to give people back BTC. If you have not replied to our emails or have not received them please email me or PM here we want to clear these refunds before the start of the week.

Got my refund.  Thanks much!

You are most welcome. Sorry for the cancelling the project. We still do not know about our chips and it has been 17 days since we posted a ticket to Avalon about them asking for a full refund. I can't imagine the other DIY teams I feel for them.

What are you going to do if you get the chips?

Hey Bicknellski,

Are you getting any of the white K1 Nanos?  I'd be interested in purchasing one just for the LOLz.

Wish I could... I am more concerned with getting our chips refunded at the moment and that to our group is priority 1 right now.

Those look sweet actually I might buy some K1s later for students to use to learn about Bitcoin / Altcoins.

Our plan would be to get our refund or at least get a RESPONSE to our support ticket that was submitted August 5th. We do not believe that a NO REFUND policy is legal in the State of Nevada or the US where BitSyncom is registered so we will be looking at filing a complaint to the FTC and the AG of Nevada on this given that there has been 0 communication with us. The FTC rules and guidance for businesses stateside are quite clear on this. We welcome others to do the same.

It really is beyond reasonable to have zero communication with customers especially when spending nearly $80,000 USD. I do not understand how anyone can run a company and be so inept in terms of communicating with customers given that there are very limited number of us everyone could be contacted quite easily. Our coop is certainly not going to be doing any business with BitSyncom (Avalon) in future. Excuses are not what we need or want we want ANSWERS and FACTS. It is definitely disappointing not being able to support BKKCoins and provide USB miners to the community given that all we needed was chips. We are hoping our Bitfury USB miner is a good offering but we will talk about that when we have fully refunded everyone who ordered the K1 Nano's. Back on topic... refunds.


-----


People who are still owed BTC... please respond to your emails. Crazy this is dragging on another week. We want to REFUND you now... if you see this message please check your spam folders!

Still stuck on 3 refunds to go.

Although 2 more orders have responded to our emails so we are getting closer to resolving this issue. Will be relieved to get this done we hate this is dragging on and on. If you paid for your K1 Nano and haven't received an email or refund yet please PM or email at your earliest convenience. We have your BTC and want to refund you.

The following need order numbers ending in are still pending refunds:

xxx123   Contacted via email waiting for signed message to be returned.
xxx115   Not responded to emails
xxxx69   Contacted via email waiting for signed message to be returned.


We are getting closer to reveal a new deal we have for new miners and hosting so the faster we clear the happier we will be. We are also moving towards full cooperative status in the coming weeks. A new website is in the works for us as well.

Refunds for August 25th, 2013:

xxxx69   REFUNDED https://blockchain.info/address/1Can1Yn1cK3e59QNg2oTpJCmTYT97SrZhk
xxx154   REFUNDED https://blockchain.info/address/1DobZomBiE2gngvy6zDFKY5b76yvDbqRra


* 2 to go.

Q - are you still developing the 50 port hub?

We will discuss that after we are done with refunds if you have a line on a number of good hubs I suggest you buy that if you need 50 ports in the next 2 weeks or more. We will be opening a new webpage and offering a new range of projects for the community. Check for a new post by us in the weeks to follow. If you don't see anything then you can contact me directly via PM or email.

Refunds for August 27th, 2013

xxx115   REFUNDED https://blockchain.info/address/12vSM1bMj3E7DzVYHBCwjMATN2UWummCXL

*1 to go.

Can't wait to lock this thread and move on to the next phase... still waiting on one more refund just need confirmation of address.

Refunds for August 28th, 2013

xxx123   REFUNDED https://blockchain.info/address/1GYSSoesXtpC7s6K7ubEj7fpgphxxLeZyH

WE ARE COMPLETE!

Only I need a refund now for refunding one of our customers earlier on in August out of my own pocket as we were waiting on our customers BTC to be moved from a cold to hot wallet.

We will be opening up a new website next week I believe we will have more information there and hopefully we will have 1 product in stock as well.

BitFury 1 Chip USB miners a small number under 100 I think will be available for sale or at auction on the site.

Our 50 port hub still waiting on gerbers and BOM so it is tentative at this point but we can work with our production lines in either China, Batam or Jakarta to get these up in a few weeks and in stock if we have the gerbers and the BOM.

Future projects includes hosting of asic miners in Asia with cheap power and rent making it very affordable for miners with a lower fee as well as more green and energy efficient cooling that can allow for more extreme overclocking for our members rigs as well as our customers should they want to push the limits of their mining rigs.

Our own COOP P2Pool is also being worked on and that will be free for members of the COOP and reasonable fees for non-members.

We are also pursuing a number of different longer term chip / board projects and hoping to work with DIYers, Fabricators in Asia, Europe and North America.

Also note that Big Picture Mining Cooperative has signed in the Custom Hardware Association - Standards proposal the first fabricator to do so in the Bitcointalk forums. Please check it out here: https://bitcointalk.org/index.php?topic=282030.0

After Yifu's fiasco with Avalon chips all this sounds great.

Go Bicknellski secure those Bitfury chips if it is possible, and you'll have a long line waiting in front of your web-shop.

Thanks! We actually have bitfury chips in hand just waiting on parts for the fab not a very long line as we won't have a huge amount of stock.

In terms of Avalon 24 days since we asked for our refund still no replies to our Support Ticket. Disappointed. Definitely time to start moving our legal options up to now rather than later.

I'm very interested in the bitfury USB miner.  I guess its first come first serve?

Yes sure will be.

We will start a new thread and open our website soon.

Thanks all for the support. Sorry to everyone for the slow start to the refunds and ultimately for cancelling the K1 Nanos we were looking at nearly 11000 K1 units with all our combined chips but unfortunately Yifu failed to deliver and it really cost BKKCoins alot. I hope many still buy units directly from his store he deserves that sort of support so try and buy a few units from him.