VirosaGITS
Legendary
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Activity: 1302
Merit: 1068
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November 04, 2015, 06:20:56 PM |
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Not sure if it will pay off, but couldn't resist a B4 for 3.557 shipped. Ordered 2 B5s yesterday for little over 4 BTC each. Hopefully, BTC price will go up or remain the same.
Indeed with the Value of of the BTC raising and Bitmain not raising the USD price... i'd say i'm conditionally revoking my comments that the S7 pricing is overpriced and broken. As long as the price of BTC stays over 350$ for a few months, they are now a great buy.
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-droid-
Legendary
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Activity: 1050
Merit: 1001
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November 04, 2015, 06:37:33 PM |
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Not sure if it will pay off, but couldn't resist a B4 for 3.557 shipped. Ordered 2 B5s yesterday for little over 4 BTC each. Hopefully, BTC price will go up or remain the same.
Indeed with the Value of of the BTC raising and Bitmain not raising the USD price... i'd say i'm conditionally revoking my comments that the S7 pricing is overpriced and broken. As long as the price of BTC stays over 350$ for a few months, they are now a great buy. yeah but having to wait a month for them to ship from china.. you never know what the btc price will be around that time
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Primeys
Newbie
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Activity: 24
Merit: 0
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November 04, 2015, 06:46:50 PM |
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If i would order five S7. To Sweden what is best to use : Fedex UPS or DHL ?
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Xian01
Legendary
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Activity: 1652
Merit: 1067
Christian Antkow
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November 04, 2015, 06:55:26 PM |
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Interesting price adjustment from Bitmain. Decided to do this again instead of buying an S7. Good luck everyone.
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Dr Charles
Legendary
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Activity: 1708
Merit: 1080
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November 04, 2015, 06:56:18 PM |
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If i would order five S7. To Sweden what is best to use : Fedex UPS or DHL ?
put them in your basket and choose each option. It will show which is the cheapest.
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notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
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November 04, 2015, 06:58:31 PM |
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If i would order five S7. To Sweden what is best to use : Fedex UPS or DHL ?
put them in your basket and choose each option. It will show which is the cheapest. It also depends on area. Mine UPS and Fedex work fine. But I'm on the edge of the DHL's route so it's always drama and I drive to meet him or it's late. But for some DHL is amazing. So I would base it off your other packages on what is best for you. It really does very depending on your carrier.
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dmwardjr
Legendary
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Activity: 1302
Merit: 1318
Technical Analyst/Trader
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November 04, 2015, 08:09:39 PM |
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Yep looks like batch 5 might be out at:
Price: 1799 USD ( 3.82 BTC )
Sold Out
So that is crazy good price compared to other's. Would not surprise me if they re-open at a higher rate in a day or so.
I would not be surprised either. I really don't see this pump stopping anytime soon. Yes, we will have our moments of consolidation. But, it will continue going up. I have my thoughts on how high it will go just before the halving [Where it will dump; then climb again after the halving]. care to share here or in speculation? I'm with user100000 regarding "speculation." He's located on tradingview.com. Here's a link to his "space" on trading view: https://www.tradingview.com/u/user100000/
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wolfen
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November 04, 2015, 09:48:04 PM |
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Yep looks like batch 5 might be out at:
Price: 1799 USD ( 3.82 BTC )
Sold Out
So that is crazy good price compared to other's. Would not surprise me if they re-open at a higher rate in a day or so.
I would not be surprised either. I really don't see this pump stopping anytime soon. Yes, we will have our moments of consolidation. But, it will continue going up. I have my thoughts on how high it will go just before the halving [Where it will dump; then climb again after the halving]. care to share here or in speculation? I'm with user100000 regarding "speculation." He's located on tradingview.com. Here's a link to his "space" on trading view: https://www.tradingview.com/u/user100000/Quite the wild ride sir.
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For those about to block we salute you! AC->BTC
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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November 04, 2015, 10:52:35 PM |
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Interesting price adjustment from Bitmain. Decided to do this again instead of buying an S7 Good luck everyone. Boy did I pick a bad day to buy or what ? *sighs*
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hawkfish007
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November 04, 2015, 11:04:32 PM |
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Small issue with my last B4 order when BTC was at $492. Sent payment right away and it had 6 confirmations before the hour window was up. But my order expired, I did notice that the BTC is still at the address I sent payment to, usually payment address redirects BTCs to another address (to consolidate payments?). Sent an email to webmaster@bitmaintech.com. I know that BM always corrected such errors, but $120/BTC variance at current price. We will see how do they handle this order.
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bbOOmm
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November 04, 2015, 11:08:22 PM |
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Interesting price adjustment from Bitmain. Decided to do this again instead of buying an S7 Good luck everyone. Boy did I pick a bad day to buy or what ? *sighs* AHHHHHHHHH!!!!! what a roller coaster ride. Some whale just dumped 40BTC on Cryptsy.... TANK goes the price .... I'm hoping that the peeps manipulating the BTC market don't pull the plug just yet.... let it build a little bit more while I mine with these S7'd so I can get some more BTC for more S7's
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Biodom
Legendary
Offline
Activity: 3892
Merit: 4332
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November 04, 2015, 11:24:24 PM |
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Small issue with my last B4 order when BTC was at $492. Sent payment right away and it had 6 confirmations before the hour window was up. But my order expired, I did notice that the BTC is still at the address I sent payment to, usually payment address redirects BTCs to another address (to consolidate payments?). Sent an email to webmaster@bitmaintech.com. I know that BM always corrected such errors, but $120/BTC variance at current price. We will see how do they handle this order. I am in exactly the same situation, also sent payment, also got confirmations, also shows expired. They typically redirect or at least show confirmed after 2-3 or even 1 confirms...someone was asleep at the job?
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dogie
Legendary
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Activity: 1666
Merit: 1185
dogiecoin.com
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November 04, 2015, 11:27:43 PM |
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Also if i add a Company VAT number with my friends company. Would they Discard the VAT totally? or just bill the company? . Heard different things from different sources
If they're like the UK you'd pay out the VAT and then claim it back in your next return. That is if you actually have the right to be using your friends VAT number, which it doesn't sound like you do. One more thing; looked at one alternative site that ships within the EU
Assume any reseller to be generally nefarious, there aren't significant reseller margins provided by Bitmain and so these people can generally only make money off charging you more. And as history has taut us, warranties are sketchy at best through a reseller.
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hawkfish007
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November 04, 2015, 11:27:55 PM |
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Small issue with my last B4 order when BTC was at $492. Sent payment right away and it had 6 confirmations before the hour window was up. But my order expired, I did notice that the BTC is still at the address I sent payment to, usually payment address redirects BTCs to another address (to consolidate payments?). Sent an email to webmaster@bitmaintech.com. I know that BM always corrected such errors, but $120/BTC variance at current price. We will see how do they handle this order. I am in exactly the same situation, also sent payment, also got confirmations, also shows expired. They typically redirect after 2-3 or even 1 confirms...someone was asleep at the job? Hopefully, BM will change order status to paid, it's been over 6 hours since I emailed.
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dogie
Legendary
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Activity: 1666
Merit: 1185
dogiecoin.com
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November 04, 2015, 11:30:37 PM |
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Boy did I pick a bad day to buy or what ? *sighs*
AHHHHHHHHH!!!!! what a roller coaster ride. Some whale just dumped 40BTC on Cryptsy.... TANK goes the price .... I'm hoping that the peeps manipulating the BTC market don't pull the plug just yet.... let it build a little bit more while I mine with these S7'd so I can get some more BTC for more S7's Come on now, 40btc is hardly a whale, just someone who is happy to cash out at $400.
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bbOOmm
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November 04, 2015, 11:38:12 PM |
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Boy did I pick a bad day to buy or what ? *sighs*
AHHHHHHHHH!!!!! what a roller coaster ride. Some whale just dumped 40BTC on Cryptsy.... TANK goes the price .... I'm hoping that the peeps manipulating the BTC market don't pull the plug just yet.... let it build a little bit more while I mine with these S7'd so I can get some more BTC for more S7's Come on now, 40btc is hardly a whale, just someone who is happy to cash out at $400. 40 BTC is more than I've ever seen.... ;-) and is a pretty good size hunk of beer n chicken wing money
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Mikestang
Legendary
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Activity: 1274
Merit: 1000
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November 04, 2015, 11:47:19 PM |
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40 btc is a drop in the bucket, less than 2 block solves, to think such a small amount could "tank" the price is absurd. The price is dropping because tons of people are selling right now, not just one guy with 40 coins.
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alh
Legendary
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Activity: 1846
Merit: 1052
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November 04, 2015, 11:51:59 PM |
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In addition to the selling caused by the high price, there is ongoing sales of BTC that are just not optional. Bitmain must sell at least 100 coins each day to pay suppliers, workers, electric bill, and so forth.
We should expect that there will be "resistance" levels where the price brings out many seller. $500 is urely one of those points.
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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November 04, 2015, 11:58:38 PM |
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In addition to the selling caused by the high price, there is ongoing sales of BTC that are just not optional. Bitmain must sell at least 100 coins each day to pay suppliers, workers, electric bill, and so forth.
We should expect that there will be "resistance" levels where the price brings out many seller. $500 is urely one of those points.
It's really hard to tell how much they have to cash out With data centers full of gear even with low electricity, that is still a lot of money. And they have to cash out to make next batches of miners I would think. Guessing they go to fiat and then buy miner parts in fiat. I'm sure they don't run day by day. I'm confident they have a good amount of rainy day funds to keep everything going incase it ever did drop a lot.
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PPOC
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November 05, 2015, 12:14:23 AM |
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In addition to the selling caused by the high price, there is ongoing sales of BTC that are just not optional. Bitmain must sell at least 100 coins each day to pay suppliers, workers, electric bill, and so forth.
We should expect that there will be "resistance" levels where the price brings out many seller. $500 is urely one of those points.
It's really hard to tell how much they have to cash out With data centers full of gear even with low electricity, that is still a lot of money. And they have to cash out to make next batches of miners I would think. Guessing they go to fiat and then buy miner parts in fiat. I'm sure they don't run day by day. I'm confident they have a good amount of rainy day funds to keep everything going incase it ever did drop a lot. They convert all coin, only coin they have is to pay miners and hashnest. Otherwise, comes in and its sold. Look at when they sold 500 s7 on HN, within 10 min of sale starting, the BTC price dropped and continued to drop till they sold out. 500 miners is almost a million USD dumped in 32 hours, the first 3 hours was a good chunk of that. When they sold out, within 1 hour BTC started going up again. BTC is a pretty small market from a liquidity perspective.
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BTC: 1Bo6YsPeHCrVRygHLJg9BwHeaLSQpppcJi "Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone."
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