BTCT.CO has recently announced that the SEC charges against PirateAt40 have them rethinking offering securities and investments to US customers.  How does this recent turn of events affect Bitfunder, if at all?  I understand Bitfunder and WeExchange.co are not US entities, however the US does kind of bully other countries into submission sometimes.  Any statement from you Ukyo?  Too soon to tell?  Bitfunder not affected?

It looks like so far, if we can hit the price point of $50 (before shipping and escrow), we've got between 27 and 32 possible units in our group buy.

I'm in discussion with Bicknellski to see what we can do if we have 100 units.  I'll let you know as it unfolds.

If we can get to $50, would that increase interest?

I vaguely remember Bicknellski saying something about large buy orders talking to him about pricing; so maybe if we get enough interest we could approach a number resembling $50, but that's completely up to Bicknellski, and honestly I don't think $70 is a bad price. 

I'll reach out to him and see what he says.

That makes 5.  Progress!

From Bicknellski's thread:


Would be nice to get in at the end of August, and hopefully receive by late August/Early September.

I'm in Virginia.

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

I've got a friend IRL who is willing to put in for one, so that makes 3 vouched for for purchase.  45 to go!

So I'd like to gauge interest in doing a group buy for Bicknellski's K1 Nano.  

Here's the order page:
https://bigpicturemining.com/klondike-miner/k1-nano

Here's the bitcointalk thread:
https://bitcointalk.org/index.php?topic=251831.msg2674532#msg2674532

Notice on the order page that if 50 or more are ordered, the price is $65.  

If we can get 50 Nanos ordered, I'd buy 2 myself, and would ask for 2 as part of organizing the group buy.  

At $65 per, the total order would be $3250.  Divided by 48 would be $67.71.  Shipping would be by USPS First class (unless otherwise requested)

Shipping would be 83.61 from Bicknellski to me with a handling fee of $4.95; so that would bring the total to $69.55 each before escrow and shipping to you. (which is better than ASICMiner block erupter).

Willing to do escrow with John K if he's willing, and would price his fee into the purchase price.


To re-iterate; I'm just looking for interest.  If enough people want to do this then I'll create another thread for the group buy.

Give it a bit.  Calculating everyone's reward takes time.  Start worrying when it hits 60 confirmations.

That makes sense, and is in line with what I figured.

I'm now planning to use steamboat's assembly and fervently hoping that Raging still delivers chips instead of just disappearing into the ether.

I actually wondered about this; if I put my shares up for sale at the same price as Ukyo (with a much lower quantity, obviously), would my shares be sold first or would Ukyo's?  I'm curious how the order book entries on Bitfunder are prioritized if price is equal.

So...

We've got an unresponsive group buy leader, whose sample chips still haven't arrived (even though other group buys have had sample chips for weeks), who was supposed to be running an assembly service whose website account is now suspended, who is moving to a new location of which the escrow service is unaware. 

Tell me again why I shouldn't be a little sketched out?

I aim for 85 as a top so I have a little wiggle room in case something happens to one of the case fans.  90 just makes me nervous.

I didn't realize his credibility was ever questioned.

Agreed; but the combination of no updates + suspended website that was destined to be our order site is starting to make me consider selling my chips from this group buy.

I'm so glad this thread is here; I was panicking thinking the problem was my connection.

Awesome Sauce

Superb.  Thanks for the update.