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TheNewAnon135246
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฿uy ฿itcoin


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June 15, 2016, 04:10:32 PM
 #21

You can look at anducks tracker and see when each coin was loaded.  Dont know if you know the addy of the coin you buy until you recieve it though.  They are incrementally funding these (not all on the same day)

So, then... I guess that if the coins were all minted at the same time (which is highly probable), then I'd consider them all of the same (first) series.

Thanks, wheelz. Wink

Regards,
Me

The new batch of 1 BTC coins haven't been minted yet. I received an email from BTCC saying the following:

Quote
Interest in the One Bitcoin was phenomenal, and we quickly sold out our first batch.  In light of the huge demand we’ve seen, we are now making preparations to manufacture and sell our next batch before the block halving. As a new option, you can now order the One Bitcoin with a red leatherette etui. You can preorder the coins now; they will ship by June 30th:

Minted? already done most likely
My guess is that they minted all of the coins already in one big run.
Then they sit on them and "manufacture" them (READ: assemble)
Great marketing tactic to make people spend more..... like say 1BTC premium on a $5 coin Grin

thanks

That's possible. I still like their 1BTC price. 1.15 BTC for a loaded coin + a leather case is pretty cheap Cheesy.
TheNewAnon135246
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June 15, 2016, 04:26:28 PM
 #22

Their answer about the 1 BTC premium was pretty straight forward:

Quote
The reason is simple: We are a real business and we want to make a profit, so that we can continue to operate, and fulfill our vision and mission of bringing to the world the most convenient and trustworthy digital currency services

They like profit  Lips sealed
wheelz1200
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June 15, 2016, 04:32:24 PM
 #23

Their answer about the 1 BTC premium was pretty straight forward:

Quote
The reason is simple: We are a real business and we want to make a profit, so that we can continue to operate, and fulfill our vision and mission of bringing to the world the most convenient and trustworthy digital currency services

They like profit  Lips sealed

Yeah but their pricing model doesnt make sense. .15btc fee for 1btc, 1btc fee for 5btc and 7btc fee for 5 coin 5 set?  So would the fee for a 10btc be even greater.....same coin (basically) same material...im still trying to convince myself to buy one of these and not another cas coin....

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TheNewAnon135246
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฿uy ฿itcoin


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June 15, 2016, 04:36:16 PM
 #24

Their answer about the 1 BTC premium was pretty straight forward:

Quote
The reason is simple: We are a real business and we want to make a profit, so that we can continue to operate, and fulfill our vision and mission of bringing to the world the most convenient and trustworthy digital currency services

They like profit  Lips sealed

Yeah but their pricing model doesnt make sense. .15btc fee for 1btc, 1btc fee for 5btc and 7btc fee for 5 coin 5 set?  So would the fee for a 10btc be even greater.....same coin (basically) same material...im still trying to convince myself to buy one of these and not another cas coin....

I was planning on buying one but their justification for the 1 BTC premium turned me off.
BitcoinPenny
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June 15, 2016, 04:38:54 PM
 #25

Minted? already done most likely
My guess is that they minted all of the coins already in one big run.
Then they sit on them and "manufacture" them (READ: assemble)
Great marketing tactic to make people spend more..... like say 1BTC premium on a $5 coin Grin

thanks

Yes, I agree. I think it's more likely that they were all minted at the same time, just released in small batches.

I think I'll consider them all of the same (1st) series.

Regards,
Chris

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owlcatz
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June 16, 2016, 10:38:28 PM
 #26

Hi, Is anyone watching going to enter this new buy? I would like to again, if so. Thanks! Smiley

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I  C  Λ  R  U  S
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wheelz1200
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June 16, 2016, 10:42:53 PM
 #27

I think i want one, wish they still offered without a box (i know its only .05) but...

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.
.Duelbits.
.
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   $500,000   
MONTHLY
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      $10,000     
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GIVEAWAY
BTCC_Official
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June 21, 2016, 01:29:31 PM
 #28

Their answer about the 1 BTC premium was pretty straight forward:

Quote
The reason is simple: We are a real business and we want to make a profit, so that we can continue to operate, and fulfill our vision and mission of bringing to the world the most convenient and trustworthy digital currency services

They like profit  Lips sealed

Yeah but their pricing model doesnt make sense. .15btc fee for 1btc, 1btc fee for 5btc and 7btc fee for 5 coin 5 set?  So would the fee for a 10btc be even greater.....same coin (basically) same material...im still trying to convince myself to buy one of these and not another cas coin....

I was planning on buying one but their justification for the 1 BTC premium turned me off.


Hi everyone,

I want to take this opportunity to address the questions about pricing of BTCC Mint physical bitcoins. 

Pricing is always a sensitive topic.  Make it too cheap, and the business can lose money and risk being shuttered.
Make it too expensive, and people always complain.  In fact, nothing in this world is ever cheap enough, as there will always be people who complain about price.

However, rather than rant on, let me give you all a different perspective about how we see our products and chose this pricing strategy:

1) We are selling a premium product.  Premium products command a premium pricing: special features, and limited quantities.

2) In a very important sense, this is not like any other physical bitcoin:  The bitcoins loaded in the BTCC Mint V Series coins are all freshly mined from the blockchain block reward, all in the current year.  For all of the other physical bitcoins out there, they're practically unlimited, as there are already over 15 million bitcoins in existence and any of those can be used to load the coin.  The other physical bitcoins out there can literally have an issuance in the millions, it's just a matter of sending some existing bitcoins into the address of the private key beneath the sticker.

For BTCC Mint, we are giving you allocation of a limited resource: fresh bitcoins mined from the BTCC Pool.  We only mine so much every day and every month.  In fact, after the block halving, the amount available even goes down further.  This is why the premium charged for the Five Bitcoin is not the same as the premium charged for the One Bitcoin.  Selling you the Five Bitcoin is effectively costing us the resources (newly mined bitcoin) of selling you 5 of the One Bitcoins.  For that reason, we charge more premium even though we still sell you a single physical coin. 

Every V Series physical bitcoin we sell is from a limited resource: newly mined bitcoins from the blockchain block reward.  In fact, even if BTCC Mint business becomes very successful in the future, there's a real limit on how long we can keep selling these coins.  For the Five Bitcoin, we can at most sell them for the next 8 years, at which time the block reward would come down to 3.125 bitcoins each.  After that, it will be impossible to mine 5 bitcoins into a single Five Bitcoin coin.  For the One Bitcoin, that will have a maximum production lifespan of another 16 years. (This is also why there's a not-too-artificial limit of 21 of the 5-piece Five Bitcoin set, as after the block halving, we won't be able to create any 5-piece sets that are all from the same block reward. That's it; no more!)

BTCC Mint is selling you a very limited, premium physical bitcoin, made of really special pure Titanium, containing a rare and limited supply of freshly mined bitcoins.  Going forward after the block halving, we will only see 1,800 BTC mined per day, and that comes to less than 700,000 bitcoins a year in total supply of freshly mined bitcoins.  Of course, the vast majority of that won't be used for physical bitcoins, we understand that.  Most importantly, we are selling you a premium allocation of newly mined bitcoins.  We are not just selling you random bitcoins, in a private key on a sticker stuck to a piece of metal, precious or not. 

Hope this gives everyone some more insights into the V Series coins from BTCC Mint.  I hope I've properly explain to you why our pricing method is based on the amount of mined bitcoins in the coin, and not merely charging a service fee or manufacturing overhead on the coin production.

Thank you for your understanding, and I'm happy to receive your further feedback, comments, and suggestions.

As a bonus for the few of you who get to read this: 
We will announce a new offering from BTCC Mint in about 10 days.  Stay tuned!  Smiley

thanks,
Bobby
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June 21, 2016, 01:48:48 PM
 #29

As a bonus for the few of you who get to read this: 
We will announce a new offering from BTCC Mint in about 10 days.  Stay tuned!  Smiley

thanks,
Bobby
Very Kewl.  Completely understandable regarding the premium.  I believe Casascius premium was about the same at the time.  The only think that would make it a terrible investment is if the price was lowered or your started accepting currency for purchases.

Wondering if the announcement is going to be a 1 Block coin.

Also, wondering if there is a 5 coin set coupon code. - HINT!


I think i want one, wish they still offered without a box (i know its only .05) but...
Well, there are people that are reselling them now, but you're not going to find them at 1.1BTC
Keep in mind that there are shipping costs, import costs, double shipping to get them to the USA, etc.
One was just auctioned in the USA which landed at a price of 1.33BTC + shipping.

I was planning on buying one but their justification for the 1 BTC premium turned me off.

I don't see where they made a bad justification.
10% for a 1BTC coin
20% for a 5BTC coin
20% for a 2x 5BTC coin set
28% for a 5x 5BTC coin set

Getting higher instead of lower.... Well, it's not Costco pricing method.   Gonna be harder to sell the bigger coins though.  Gotta admit, the premium increase is holding me back as well


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June 21, 2016, 01:59:19 PM
 #30

10% for a 1BTC coin
20% for a 5BTC coin
20% for a 2x 5BTC coin set
28% for a 5x 5BTC coin set

I wonder if the 5x5 is in fact a complete Block. That's actually a very cool idea.

You own a complete mined Block. All coins from it in your set. Thats cool, then of course a true 25BTC Coin where the entire block is stored, again, very cool


BTW Bobby

I just bought another BTCC Titanium, this time in Red Case. Have added a little message request directly to you Smiley
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⇾ Re: .
June 21, 2016, 02:02:09 PM
 #31

10% for a 1BTC coin
20% for a 5BTC coin
20% for a 2x 5BTC coin set
28% for a 5x 5BTC coin set

I wonder if the 5x5 is in fact a complete Block. That's actually a very cool idea.

You own a complete mined Block. All coins from it in your set. Thats cool, then of course a true 25BTC Coin where the entire block is stored, again, very cool


BTW Bobby

I just bought another BTCC Titanium, this time in Red Case. Have added a little message request directly to you Smiley

I will let you know when I get it.   Was hoping for a coupon code for the 5x5 set first.  Smiley

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July 06, 2016, 03:10:59 PM
 #32

Is this group buy still ongoing?

wheelz1200
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July 06, 2016, 03:56:58 PM
 #33

Is this group buy still ongoing?

Yes.... there wasn't much interest, but we will go ahead with those that want a coin.

Just send me a PM with what you want.
I will contact others to try and get this wrapped up by this weekend and send out the BTC

thanks



Im probably in for one.  Let me know when you need the btc

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   $500,000   
MONTHLY
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July 06, 2016, 05:00:40 PM
 #34

so is this one finalized yet? Smiley
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July 07, 2016, 12:57:31 AM
 #35

Whats the total for one shipping and everything?

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       +4,000       
PROVABLY FAIR
GAMES
   $500,000   
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
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July 07, 2016, 04:23:03 AM
 #36

so is this one finalized yet? Smiley

Yes...almost.


****IF YOU WANT A COIN, PLEASE PAY ASAP. WE WANT THIS ORDER TO GO BY SATURDAY/SUNDAY****


Great

sent 2.33 btc  for 2 x 2016 V Series, One Bitcoin, with Red Leatherette Etui + 20$ shipping

Thanks!
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July 09, 2016, 07:04:46 PM
 #37

defb96464fcd585768b2224cbe6456c5fea258abeb34f654328957030220bb55

Sent 2.38 for 2 1btc coins, 1 black box and 1 red box

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.Duelbits.
.
..THE MOST REWARDING CASINO......
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████████████████████████▌
       +4,000       
PROVABLY FAIR
GAMES
   $500,000   
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
Zepher
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Electricity is really just organized lightning


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July 09, 2016, 07:08:42 PM
Last edit: July 09, 2016, 08:03:17 PM by Zepher
 #38

defb96464fcd585768b2224cbe6456c5fea258abeb34f654328957030220bb55

Sent 2.38 for 2 1btc coins, 1 black box and 1 red box

I'm in for the group buy as well.
Payment will be sent within a few hours, just need to sort out a few wallets.

My only payment address: 1ZephertJThxkHih7XcaUHBkMSnvkTt5u
Zepher
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Electricity is really just organized lightning


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July 09, 2016, 10:15:43 PM
 #39

I'm a bit confused here, could do with some help. How exactly am I supposed to place my order, whose address do I put down, and what about the BTC0.11 it is automatically adding to the total for shipping that I cannot remove? I know to send payment to the address in the OP but could do with some help with the rest lol!

My only payment address: 1ZephertJThxkHih7XcaUHBkMSnvkTt5u
wheelz1200
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July 09, 2016, 10:21:03 PM
 #40

I'm a bit confused here, could do with some help. How exactly am I supposed to place my order, whose address do I put down, and what about the BTC0.11 it is automatically adding to the total for shipping that I cannot remove? I know to send payment to the address in the OP but could do with some help with the rest lol!

Just pay mj give him your shipping details and poof, you got yourself a btcc coin. 

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.
.Duelbits.
.
..THE MOST REWARDING CASINO......
   ▄▄▄▄████▀███▄▄▄▄▄
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██     ██     ██     ██   ▀██▀
██ ▀▀█ ██ ▀▀█ ██ ▀▀█ ██    ██
██  █  ██  █  ██  █  ██
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█████████████████████████
█████████████████████████
████████████████████████▌
       +4,000       
PROVABLY FAIR
GAMES
   $500,000   
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
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