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1  Bitcoin / Group buys / Re: [Group Buy] Avalon ASIC Chips (SebastianJu) Batch 6: 863 ASICs gone 50863 sold on: June 20, 2013, 09:47:02 AM
Today i practically wasnt in the forum/thread. The reason was that i travelled through half of germany to bavaria and only now came back. I there visited the company that will import the chips, i checked everything there and made a contract to ensure everything. Before doing this i got the permission from avalon support to change the addresses for the batch-orders afterwards. The support will change this now fast too i hope.

Now the import will go faster and without problems. Furthermore i made a deal with the company that, in case the vat is appropriate high, the company will make bills about the payable vat for the single groupbuyers. This case only applies in case the vat is appropriate high.

In case the bills will be needed for vat i would collect billing addresses and an emailaddress to send the bill to from all parttakers in the groupbuy. At the moment 268 members. For now it wont be necessary because i have a ticket with avalon where i ask for more detailed infos about this. In case avalon isnt answering soon i will call Yifu again. In case this wont help i will collect addresses preventive. Its better to be prepared then having to wait later.

So it looks like its slowly moving forward... Smiley
As we pay in bitcoins and bitcoins officially worth nothing, should we pay VAT?

Its not a question if we can avoid it. The chance that it goes through custom without anything is slim, though i know of smartphones that go through without. But the chips will be a bigger packet.

German vat is 19%. Thats around the vat all countries in the eu are paying. Only swiss has 9% vat but its not eu... when importing into swiss and then into eu we had the chance to pay vat twice. So its not an option.

The company that imports the chips is good news because this company has an EORI-Number. Its speeding up things. And its not a problem when a business imports a big number of chips.

Avalon IS providing a bill. Thats not the question.

If I understand correctly most of the chips are going to burnin. Idealy he should import them and pay the VAT, as he can then deduct this VAT payment from his VAT payble from board sales to EU customers. It's more cumbersome to manage, but if done correctly will save the money either for burnin or to the group if he passes it on. In your scenario I assume the company you found will get the credit and will keep it to itself.
2  Other / Beginners & Help / Re: Life after ASIC on: June 07, 2013, 08:45:10 AM
So does it make sense today to get on one of the Avalon chips group buys? Or ASIC miner shares are better alternative to see how difficulty plays out in the next 6-9 months?
3  Other / Beginners & Help / Re: Life after ASIC on: June 06, 2013, 10:01:09 PM
Thanks for informative reply!

So mining business has very negative oultlook, as only few that will have early access to the new technology can profit from it, or if you have free electricity? It's kind of self-destructing that way, as it will become very concentrated rather then de-centralized.
4  Other / Beginners & Help / Life after ASIC on: June 06, 2013, 08:36:08 PM
Sorry for newbie question, but I guess they are allowed here..

So what comes next after the current generation of ASIC? Are there any new technologies in the development to make them obsolete?
5  Other / Beginners & Help / Re: Anyone still GPU mining? on: June 06, 2013, 08:00:21 PM
I found the whole experience of first upgrading GPU in the desktop, than assembling first ever PC with 3 GPU, exploring linux for the first time probably as much rewarding as few coins I will be able to main before difficulty makes it uneconomical.
6  Other / Beginners & Help / Re: The Official "First Word that Pops Into Your Head" Thread™ | Get Out of Jail! on: June 06, 2013, 07:48:38 PM
vacation
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