Canaan Avalon A7 Group Buy - Hosting at CryptoBoreas (Canada)

[allinvain]

Hi everyone. I am working on putting together a A7 group buy and I'm wondering if anyone else would be interested in joining. We are in the last stage of negotiations and soon we will have pricing info.

This group buy is only if you are interested in hosting your A7s with us at CryptoBoreas. For hosting pricing and details see my forum signature.

We will save a bunch on shipping also. The more units we can order at once the better.

If you are interested please either post here or e-mail sales [at] cryptoboreas.com with:
1) The # of A7 units you want
2) The # of controllers you want (1 controller can handle 20 A7s)
3) whether you want to rent PSUs from us or not ($4 per KW/month) (if not then you have to arrange to ship us the necessary PSUs)

I will be collecting payment in BTC. There is no group buy fee, setup fee, markup or anything else involved.

I will post details soon regarding the price per unit (if Canaan will allow me to share this info that is).

[sacskate]

I was trying to get a group buy together as well so let's keep in touch. I'm in for 2 hosted as well as I can only run two for free on my solar and my power is .12kwh

[allinvain]

Send an e-mail to the email address in the first post with the # of units. This way I'll have your e-mail address so when it comes time to collecting btc for payment I know where to hunt you down lol.

[elokk]

email sent

[takagari]

How much will it be to host one of these?

[elokk]

How much will it be to host one of these?

$65 CAD per KW

[allinvain]

^

These consume 900 watts supposedly, so 0.9 kw x 65 = $58.50 CAD per month.

[philipma1957]

Sent an email.  I may do 1-3 pieces.

[allinvain]

I'll announce pricing info as soon as I receive it.

[ZedZedNova]

I'm possibly interested in 1 or 2 plus a controller. I'll drop you guys a PM as well.

Cheers,

- zed

[allinvain]

PM received and replied.

[valkir]

Will wait to see the price you get. So far I can get 1 for 1000$ usd and this is too much. Let me know

[philipma1957]

Will wait to see the price you get. So far I can get 1 for 1000$ usd and this is too much. Let me know

Yeah I paid canaan 2043  usd for 2 and 1 controller  plus I think I will be taxed on this.

[armedmilitia]

If you can get significantly lower $/TH compared to the S9 I'm interested in 5-8!

[allinvain]

We shall see. Even if we get the same $/TH as bitmain it would still be a supposedly good deal given the promised better reliability (I'm hoping it turns out to be true cause we need reliable long term miners if we expect to ROI on this).

[allinvain]

Ok guys, bad news. The group buy is cancelled. I am a bit disappointed. After a lengthy period of negotiations and being lead to believe that we may get a discount on an order of 100 units I am now told "For orders less than 1000 units please go through the shop."

[armedmilitia]

 

Ok guys, bad news. The group buy is cancelled. I am a bit disappointed. After a lengthy period of negotiations and being lead to believe that we may get a discount on an order of 100 units I am now told "For orders less than 1000 units please go through the shop."

Oh no! 
Well, thanks for trying.

[HerbPean]

Ho well shame on them.

Hope no ones buy their hardware.

[VRobb]

 I really, really wanted to buy one when they were first announced, but they're doing everything possible to thwart sales and it has worked!  I'm out...

[HerbPean]

They all claim they doesn't want centralization.

This is clearly pure bullshit now.

We have Bitmain selling us the S9, which is a piece of crap. Either you're lucky or not with your gear. 90 days warranty = LOL

Then we had hope with Canaan to give us a very reputable solid miner even for a premium price i would be buying them over the S9.

But it's way overprice and less efficient. We are hoping that a group by would have put the price down to something more acceptable (Like freaking 365 days of ROI)

But no, buy 1000 units and we will talk.

Bitcoin is all about centralization now

Bitfury doesn't even gave us a freaking chip like 6 months after they mine with it. They were so proud to tell us they would share it to the public.

I'm pissed off.

[valkir]

Totally agree with you Herbpean

Centralisation is getting bigger! Sad to see that on BTC. Never tought I will said that one day but I may check others coins. 

[HagssFIN]

They all claim they doesn't want centralization.

This is clearly pure bullshit now.

We have Bitmain selling us the S9, which is a piece of crap. Either you're lucky or not with your gear. 90 days warranty = LOL

Then we had hope with Canaan to give us a very reputable solid miner even for a premium price i would be buying them over the S9.

But it's way overprice and less efficient. We are hoping that a group by would have put the price down to something more acceptable (Like freaking 365 days of ROI)

But no, buy 1000 units and we will talk.

Bitcoin is all about centralization now

Bitfury doesn't even gave us a freaking chip like 6 months after they mine with it. They were so proud to tell us they would share it to the public.

I'm pissed off.

Bitfury and more precisely Punin is actually working together with sidehack (see his thread) and will provide chips for him.
This is a sure thing that I know.

Now two not so sure things are:
Bitfury providing chips for asiabtc's a.k.a. LightningAsic's new 16nm miner.
Bitfury providing chip for en.hotmine.io S1/S3/S5 re-fit boards.

Anyway it seems like Bitfury is the only company who is putting a little effort in to the decentralization.

I'm sorry to hear that things went like this with Canaan 

[philipma1957]

well there is always zec or eth

My 2 avalon 7's  will be 2043 + whatever fees fedex charges.

They are due on fri the 2nd




It is hard to spend 2043 usd  for 12th

I can build 2 good gpus rigs for that get 1.2kh  using 800 watts vs   12th using 2000 watts (avalon 7)

They are quieter use less power and as of today earn more money.  Plus  warranty of 1 or more years on the parts.

[allinvain]

Well, back to the fun RMA dance with Bitmain. There seems to be a 5-10% failure rate with Bitmain, so the way to play the game with them is to buy a large number of miners that way the 5% hit won't feel as bad. Canaan's regular market price for A7s seems to me like they are just fishing for suckers. You would think with a less efficient miner they would at least take that into consideration when pricing them.

This whole centralization phenomenon breaks my heart. I really wish I had millions to develop my own chip. I would build miners and sell them to as many people as possible with a 2 to 5 miner per customer limit per batch. The network's health should be in the hands of as many people as possible not just a small group of mega mines. I'm not saying there is something wrong with having a huge mining farm, but the _majority_ of the network's hashing power should be as diffuse as possible.

Anyways, time to move on guys.

[allinvain]

well there is always zec or eth

My 2 avalon 7's  will be 2043 + whatever fees fedex charges.

They are due on fri the 2nd




It is hard to spend 2043 usd  for 12th

I can build 2 good gpus rigs for that get 1.2kh  using 800 watts vs   12th using 2000 watts (avalon 7)

They are quieter use less power and as of today earn more money.  Plus  warranty of 1 or more years on the parts.

Oh bro, for that money you could've had 22 TH. I guess you've bought them out of curiosity?

[HerbPean]

They all claim they doesn't want centralization.

This is clearly pure bullshit now.

We have Bitmain selling us the S9, which is a piece of crap. Either you're lucky or not with your gear. 90 days warranty = LOL

Then we had hope with Canaan to give us a very reputable solid miner even for a premium price i would be buying them over the S9.

But it's way overprice and less efficient. We are hoping that a group by would have put the price down to something more acceptable (Like freaking 365 days of ROI)

But no, buy 1000 units and we will talk.

Bitcoin is all about centralization now

Bitfury doesn't even gave us a freaking chip like 6 months after they mine with it. They were so proud to tell us they would share it to the public.

I'm pissed off.

Bitfury and more precisely Punin is actually working together with sidehack (see his thread) and will provide chips for him.
This is a sure thing that I know.

Now two not so sure things are:
Bitfury providing chips for asiabtc's a.k.a. LightningAsic's new 16nm miner.
Bitfury providing chip for en.hotmine.io S1/S3/S5 re-fit boards.

Anyway it seems like Bitfury is the only company who is putting a little effort in to the decentralization.

I'm sorry to hear that things went like this with Canaan 

They waited like 6 months for that ?

I wouldn't be surprise Bitmain is around the corner for a Revision 2 of their chip.

[Biodom]

Anyways, time to move on guys.

I agree, but where to? Alts (eth, zec) are unconvincing so far, witness endless forking of one chain and non entirely functioning of another-as of right now, it is just a speculation tool (most people probably sell 100% to btc or $$).

Canaan's regular market price for A7s seems to me like they are just fishing for suckers. You would think with a less efficient miner they would at least take that into consideration when pricing them.

well, bitmain's and canaan's policies certainly increased the aftermarket price for S7, which is good for sellers (not so for buyers).
I saw someone asking $699 for S7, which makes sense ONLY if A7 is $1299 (afterall it is just 6th vs 4.7-5th and 0.18J/Gh vs 0.25 efficiency) and S9 nowhere to be seen.

[allinvain]

Anyways, time to move on guys.

I agree, but where to? Alts (eth, zec) are unconvincing so far, witness endless forking of one chain and non entirely functioning of another-as of right now, it is just a speculation tool (most people probably sell 100% to btc or $$).

Canaan's regular market price for A7s seems to me like they are just fishing for suckers. You would think with a less efficient miner they would at least take that into consideration when pricing them.

well, bitmain's and canaan's policies certainly increased the aftermarket price for S7, which is good for sellers (not so for buyers).
I saw someone asking $699 for S7, which makes sense ONLY if A7 is $1299 (afterall it is just 6th vs 4.7-5th and 0.18J/Gh vs 0.25 efficiency) and S9 nowhere to be seen.

I mean to move on to other btc hardware from bitmain specifically. Sadly they haven't opened a new batch yet. I did not mean to move on to other coins.

S7s are not worth not even close to $699, nor is the A7 worth $888. These prices are inflated and do not reflect a resonable ROI term. If you buy at those prices you are just throwing money away. You would be better off just buying BTC directly and holding.

[philipma1957]

Anyways, time to move on guys.

I agree, but where to? Alts (eth, zec) are unconvincing so far, witness endless forking of one chain and non entirely functioning of another-as of right now, it is just a speculation tool (most people probably sell 100% to btc or $$).

Canaan's regular market price for A7s seems to me like they are just fishing for suckers. You would think with a less efficient miner they would at least take that into consideration when pricing them.

well, bitmain's and canaan's policies certainly increased the aftermarket price for S7, which is good for sellers (not so for buyers).
I saw someone asking $699 for S7, which makes sense ONLY if A7 is $1299 (afterall it is just 6th vs 4.7-5th and 0.18J/Gh vs 0.25 efficiency) and S9 nowhere to be seen.

I mean to move on to other btc hardware from bitmain specifically. Sadly they haven't opened a new batch yet. I did not mean to move on to other coins.

S7s are not worth not even close to $699, nor is the A7 worth $888. These prices are inflated and do not reflect a resonable ROI term. If you buy at those prices you are just throwing money away. You would be better off just buying BTC directly and holding.

My worse s9 died in 12 hours use in a dust free climate controlled room.

1 board .  Down time 3 weeks.

Then 1 controller down time six weeks.
But I purchased a controller while I waited . So true down time three weeks.
Then a second board down time three weeks.
Net down time was nine weeks.

But 1 or 2 boards not all all three boards.
Cost for repairs for an under warranty machine were about 100 .
The replacement board I purchased was 130.
So I spent 230 and I lost say 1 month,of mining.
I have a spare controller as the finally relaced the dead controller .

But it had the old software and the replacement was new auto tune software.
I was lucky I ordered replacement controllers really fast on my own dime as they have the old software.

Yoshi of bitmainwarrnty in Colorado was fairly good to me. But I sold most of my s9 gear,off and now only have 2 s9s.  My power is cheap so,I should make money mining the s9s break so much it may take until the spring for,me to,break even.   

The Avalon 7 could turn a profit for me if it simply just works

[allinvain]

Yes it is true the S9s are not perfect and there most certainly a 10 to 15% failure rate. Just keep in mind the better efficiency of the S9s, but I suppose if you have cheap enough power you can offset the higher purchase price of an A7.

[rockmoney]

Well, back to the fun RMA dance with Bitmain. There seems to be a 5-10% failure rate with Bitmain, so the way to play the game with them is to buy a large number of miners that way the 5% hit won't feel as bad. Canaan's regular market price for A7s seems to me like they are just fishing for suckers. You would think with a less efficient miner they would at least take that into consideration when pricing them.

This whole centralization phenomenon breaks my heart. I really wish I had millions to develop my own chip. I would build miners and sell them to as many people as possible with a 2 to 5 miner per customer limit per batch. The network's health should be in the hands of as many people as possible not just a small group of mega mines. I'm not saying there is something wrong with having a huge mining farm, but the _majority_ of the network's hashing power should be as diffuse as possible.

Anyways, time to move on guys.

Well said & couldn't agree more!

[philipma1957]

my order should have arrived  instead fedex sent the classic fuck you customs delay form letter that others get for this item.

So now I wait and see how long the delay is. 

So I am out a 25 dollar fee for sending btc.
And I am now waiting for at least monday which would have been 3 days of mining.  that is about 25 more dollars .

Well at least I have an r4 on the way from bitmaintech.

and a 4.5kh gpu farm

[revolution82]

They all claim they doesn't want centralization.

This is clearly pure bullshit now.

We have Bitmain selling us the S9, which is a piece of crap. Either you're lucky or not with your gear. 90 days warranty = LOL

Then we had hope with Canaan to give us a very reputable solid miner even for a premium price i would be buying them over the S9.

But it's way overprice and less efficient. We are hoping that a group by would have put the price down to something more acceptable (Like freaking 365 days of ROI)

But no, buy 1000 units and we will talk.

Bitcoin is all about centralization now

Bitfury doesn't even gave us a freaking chip like 6 months after they mine with it. They were so proud to tell us they would share it to the public.

I'm pissed off.

Bitfury and more precisely Punin is actually working together with sidehack (see his thread) and will provide chips for him.
This is a sure thing that I know.

Now two not so sure things are:
Bitfury providing chips for asiabtc's a.k.a. LightningAsic's new 16nm miner.
Bitfury providing chip for en.hotmine.io S1/S3/S5 re-fit boards.

Anyway it seems like Bitfury is the only company who is putting a little effort in to the decentralization.

I'm sorry to hear that things went like this with Canaan  

I am having trouble finding the link for the Bitfury Chips that are being sold to sidehack for development. Could someone point me in that direction that sounds promising.

[sacskate]

They all claim they doesn't want centralization.

This is clearly pure bullshit now.

We have Bitmain selling us the S9, which is a piece of crap. Either you're lucky or not with your gear. 90 days warranty = LOL

Then we had hope with Canaan to give us a very reputable solid miner even for a premium price i would be buying them over the S9.

But it's way overprice and less efficient. We are hoping that a group by would have put the price down to something more acceptable (Like freaking 365 days of ROI)

But no, buy 1000 units and we will talk.

Bitcoin is all about centralization now

Bitfury doesn't even gave us a freaking chip like 6 months after they mine with it. They were so proud to tell us they would share it to the public.

I'm pissed off.

Bitfury and more precisely Punin is actually working together with sidehack (see his thread) and will provide chips for him.
This is a sure thing that I know.

Now two not so sure things are:
Bitfury providing chips for asiabtc's a.k.a. LightningAsic's new 16nm miner.
Bitfury providing chip for en.hotmine.io S1/S3/S5 re-fit boards.

Anyway it seems like Bitfury is the only company who is putting a little effort in to the decentralization.

I'm sorry to hear that things went like this with Canaan  

I am having trouble finding the link for the Bitfury Chips that are being sold to sidehack for development. Could someone point me in that direction that sounds promising.

https://bitcointalk.org/index.php?topic=1651958.0;topicseen

[Exoskeleton]

my order should have arrived  instead fedex sent the classic fuck you customs delay form letter that others get for this item.

So now I wait and see how long the delay is. 

So I am out a 25 dollar fee for sending btc.
And I am now waiting for at least monday which would have been 3 days of mining.  that is about 25 more dollars .

Well at least I have an r4 on the way from bitmaintech.

and a 4.5kh gpu farm

Its good to hear at least you got to get a R4 yesterday. They are solid from what I hear and make good space heaters in populated rooms. I was going to point out how for $2160 you could have gotten 16Th at 1700w and get it delivered at about the same time from bitmain instead. I always get my stuff from them within a few days. Sounds like Avalon really screwed up on their end of customs because I have never once had a customs delay from bitmain.

I'm not all 100% for bitmain but at least I can still make a profit on what I've bought from them, however small at times. I normally wouldn't go off topic on someone elses group buy thread, but this one seems done for thanks to avalons response to discounts. So hears what I got to say about avalon for those willing to listen.

A personal story:

I won't buy Avalon not just for the stupid price but also because of what they did in 2013. I've gone off on it before, but they cost 100's if not 1,000's of people tens of millions of dollars, BFL style, and claimed that they were robbed for our chips by the "Chinese Mafia". Seriously.

It was one of those Mt. Gox moments that made a large portion of the then massive community leave for good.

I didn't get burned for more than a few thousand dollars by Avalon in 2013 but I personally know people who lost multitudes more. Same as in Gox and almost every other exchange up till Bitfinex just a few months ago. It's made me feel bad for introducing every single person I ever have to bitcoin because we all lost most if not all of our coins in 2013 till now to some kind of "exchange hack" or undelivered asic.

The problem with avalon was they had delivered a batch or two first, thus being the only company who we thought would deliver for sure on time. Once they had everyone onboard and literally hundereds of thousands of coins from tons of people already in hand (back when they were only $100 a coin) they pulled the rug out and delayed forever untill the chips were worthless. It might have been worse than BFL, just not as public because it was a forum only thing really. One could say the biggest group buy of all time.

The final insult was with a story about being extorted by the chinese mafia as the reason for the delay. If I have the time I'll find a link to the original post where the company tells the story. Im not making this up. If you were around back then you know exactly what I'm talking about.

A year later they come back as an "new honest company" that will deliver from now on...

Can you tell I still fell raw about it? 

This price point is an absolute insult, not an honest attempt at competition. They are building the shit out of these and are quickly taking over a large portion of the network. But they don't really want to sell you any or let you in on the action in the slightest. Nah. Why would they?

By making these at cost by the tens of thousands and deploying them themselves they can afford to expand massively from 2017-2020 with BTC priced over $750 and the dollar exchanging so favorably with their currency.

Its the ultimate masterstroke in a years long saga of the biggest "Fuck You" I've ever seen in my life.

[philipma1957]

my order should have arrived  instead fedex sent the classic fuck you customs delay form letter that others get for this item.

So now I wait and see how long the delay is. 

So I am out a 25 dollar fee for sending btc.
And I am now waiting for at least monday which would have been 3 days of mining.  that is about 25 more dollars .

Well at least I have an r4 on the way from bitmaintech.

and a 4.5kh gpu farm

Its good to hear at least you got to get a R4 yesterday. They are solid from what I hear and make good space heaters in populated rooms. I was going to point out how for $2160 you could have gotten 16Th at 1700w and get it delivered at about the same time from bitmain instead. I always get my stuff from them within a few days. Sounds like Avalon really screwed up on their end of customs because I have never once had a customs delay from bitmain.

I'm not all 100% for bitmain but at least I can still make a profit on what I've bought from them, however small at times. I normally wouldn't go off topic on someone elses group buy thread, but this one seems done for thanks to avalons response to discounts. So hears what I got to say about avalon for those willing to listen.

A personal story:

I won't buy Avalon not just for the stupid price but also because of what they did in 2013. I've gone off on it before, but they cost 100's if not 1,000's of people tens of millions of dollars, BFL style, and claimed that they were robbed for our chips by the "Chinese Mafia". Seriously.

It was one of those Mt. Gox moments that made a large portion of the then massive community leave for good.

I didn't get burned for more than a few thousand dollars by Avalon in 2013 but I personally know people who lost multitudes more. Same as in Gox and almost every other exchange up till Bitfinex just a few months ago. It's made me feel bad for introducing every single person I ever have to bitcoin because we all lost most if not all of our coins in 2013 till now to some kind of "exchange hack" or undelivered asic.

The problem with avalon was they had delivered a batch or two first, thus being the only company who we thought would deliver for sure on time. Once they had everyone onboard and literally hundereds of thousands of coins from tons of people already in hand (back when they were only $100 a coin) they pulled the rug out and delayed forever untill the chips were worthless. It might have been worse than BFL, just not as public because it was a forum only thing really. One could say the biggest group buy of all time.

The final insult was with a story about being extorted by the chinese mafia as the reason for the delay. If I have the time I'll find a link to the original post where the company tells the story. Im not making this up. If you were around back then you know exactly what I'm talking about.

A year later they come back as an "new honest company" that will deliver from now on...

Can you tell I still fell raw about it? 

This price point is an absolute insult, not an honest attempt at competition. They are building the shit out of these and are quickly taking over a large portion of the network. But they don't really want to sell you any or let you in on the action in the slightest. Nah. Why would they?

By making these at cost by the tens of thousands and deploying them themselves they can afford to expand massively from 2017-2020 with BTC priced over $750 and the dollar exchanging so favorably with their currency.

Its the ultimate masterstroke in a years long saga of the biggest "Fuck You" I've ever seen in my life.

Well  if you prove they are the same people you would be correct. Most likely you are correct, but I don't know.

Here is the deal  for now  I have 10k in gpu gear  mining zec. 4.6kh

I have 2 ⅓ s9's mining     = 27th

I will have 2 avalon 721's = 12th

I will have an r4              =   8th

total                               =  47th

I may get some bit fury gear from sidehack and a sell in the Ukraine
I may get some gpu type gear from  gridseed builders

I rate all asic sellers as a fail  some are worse then others but no one currently gets a 70 rating from me.

This is why I mine zec as gpu and pc  part builders are better.

 Not to mention amazon,newegg,hp.com,provantage,superbiiz,bestbuy and frys  all good reselling companies.

So my gear is 10k gpu/pc   and about  5.5k asic btc.

I would  not mind having 12-15k worth of asic / btc gear  and I did have 6 -9's worth about 10k at one time  but the  s9's suck they break too much.

[Eric Mu]

A client who is currently hosting 200 A7s is looking to divest. He expects to sell for RMB 4,650 per unit (stripped down; no PSU or Raspberry Pie included ).

I am currently hosting these rigs and can testify they are very stable (unlike the S9s next door belonging to another customer which has been a source of constant headache ).

EDIT: Not the customer - he has been very sweet.

[HerbPean]

661.78 US

Looks like a good price

EDIT: He said A6 on the other thread... A7 or A6 ?

[Eric Mu]

661.78 US

Looks like a good price

EDIT: He said A6 on the other thread... A7 or A6 ?

A7. Corrected.

[allinvain]

That's actually a reasonable price. I'd like to grab a few for sure if shipping is reasonable. I may also be able to find you a client that can grab 50 or so and host them with us. Any way you can calculate shipping costs to Labrador, Canada, postal code: A0P1C0

Or alternatively PM me the address and info they'd be shipping from so I can try to calculate the shipping costs myself. I presume DHL would be an available option in your area, no?

[elokk]

That's actually a reasonable price. I'd like to grab a few for sure if shipping is reasonable. I may also be able to find you a client that can grab 50 or so and host them with us. Any way you can calculate shipping costs to Labrador, Canada, postal code: A0P1C0

Or alternatively PM me the address and info they'd be shipping from so I can try to calculate the shipping costs myself. I presume DHL would be an available option in your area, no?

Alan,

If you end up buying/shipping some of these to your facility I would like to grab a few as well to host with you

[allinvain]

That's actually a reasonable price. I'd like to grab a few for sure if shipping is reasonable. I may also be able to find you a client that can grab 50 or so and host them with us. Any way you can calculate shipping costs to Labrador, Canada, postal code: A0P1C0

Or alternatively PM me the address and info they'd be shipping from so I can try to calculate the shipping costs myself. I presume DHL would be an available option in your area, no?

Alan,

If you end up buying/shipping some of these to your facility I would like to grab a few as well to host with you

Sounds good. Let me coordinate with the seller and figure out if shipping costs are worth it. By a few you mean like 2?

[elokk]

Yeah 2 depending on shipping cost.

[Eric Mu]

That's actually a reasonable price. I'd like to grab a few for sure if shipping is reasonable. I may also be able to find you a client that can grab 50 or so and host them with us. Any way you can calculate shipping costs to Labrador, Canada, postal code: A0P1C0

Or alternatively PM me the address and info they'd be shipping from so I can try to calculate the shipping costs myself. I presume DHL would be an available option in your area, no?

I will need to do some research - had no prior experience with international shipping aside from occasional legal documents. But think DHL is available tho quite pricy.

[allinvain]

That's actually a reasonable price. I'd like to grab a few for sure if shipping is reasonable. I may also be able to find you a client that can grab 50 or so and host them with us. Any way you can calculate shipping costs to Labrador, Canada, postal code: A0P1C0

Or alternatively PM me the address and info they'd be shipping from so I can try to calculate the shipping costs myself. I presume DHL would be an available option in your area, no?

I will need to do some research - had no prior experience with international shipping aside from occasional legal documents. But think DHL is available tho quite pricy.

Well, we'd naturally go for the cheapest shipping option. I typically send Bitmain gear via DHL or UPS. But Bitmain gets massive bulk shipping discounts which you/we likely can never get.

[citronick]

661.78 US

Looks like a good price

EDIT: He said A6 on the other thread... A7 or A6 ?

A7. Corrected.

Eric - I am talking to Alan and may take 20 units pending my group's final decision. Thanks

Guys - any takers, we can share the DHL and customs costs. Thanks

[ATCkit]

Alan,
I'd be interested in 2 hosted at Cryptoboreas. They could replace two of my S7s.

[allinvain]

Guys, don't forget that you also need controllers for these! Also the USB to serial adapters are necessary and we don't know how many the seller has so it has to be priced in and paid for as well. I think when he means per unit he means _just_ for the A7 box itself without any of the accessories.

[Eric Mu]

PM or better, email me at muxiaoliang@gmail.com once there is a resolution. Thanks

[allinvain]

Well guys, I have some bad news. I did a quick shipping calculation. I used Chengdo which is the nearest major city cause the actual city the gear is located in is not recognized by any of the shipping calculators (Chengdo is like several kilometers from the location so it's not far at all). Shipping cost directly to us with DHL is CNY1,363.84 which is $196 USD which is a deal killer. UPS is even more expensive. This is PER A7!

[allinvain]

Just out of curiosity I recalculated the shipping costs but for 10 units and the shipping cost per unit does go down -  to $132 USD to be precise. I suppose the price will go down even further if more units are shipped at the same time, although with DHL apparently the most their online tool will let me calculate is 10.

[Eric Mu]

@tntdgcr already paid me a deposit of 5 BTC for 150 units.

[allinvain]

Well, congrats. I think I am personally out of any potential deal due to the prohibitive shipping costs. Best of luck to you and your client!

[elokk]

@tntdgcr already paid me a deposit of 5 BTC for 150 units.

Is your client/seller only accepting btc as payment for these?

[Eric Mu]

@tntdgcr already paid me a deposit of 5 BTC for 150 units.

Is your client/seller only accepting btc as payment for these?

No - they are a company and can accept USD paid to their company bank account.

[Steamtyme]

@tntdgcr already paid me a deposit of 5 BTC for 150 units.

Is your client/seller only accepting btc as payment for these?

No - they are a company and can accept USD paid to their company bank account.

Out of curiosity, have all these units sold?

[allinvain]

I closed the group buy because Canaan refused to offer any discounts at the group buy's level. For now you are better off buying individual units. If you buy a large number of miners (1000+) then I think they are more willing to offer some volume discounts. Contact them directly for further details.

[Steamtyme]

Okay, Thanks for letting me know

[HashZilla]

What about a 60-pack?

They just added two bulk buy options.

[Steamtyme]

What about a 60-pack?

They just added two bulk buy options.

I was just crunching some numbers and based on the CSBA calculator I could get a pallet into Manitoba, and shipped to canadian addresses for approximately 1060-1100. Not to bad if there were enough Canadians we could get together.

[HashZilla]

izat US or C$?4

buyers 14, 15 and 16 on the other group buy are to Canada for a total of 8.

[Steamtyme]

That was Canadian, using the numbers from the canaan site for estimated shipping and todays exchange. Also a CBSA calculator which estimated around 6900 for duties and taxes, it does note that as personal use so i'm not sure what they would say about a group of personal users. Not bad but it doesn't look like we are close enough to 60 to make it happen.

[Steamtyme]

That was Canadian, using the numbers from the canaan site for estimated shipping and todays exchange. Also a CBSA calculator which estimated around 6900 for duties and taxes, it does note that as personal use so i'm not sure what they would say about a group of personal users. Not bad but it doesn't look like we are close enough to 60 to make it happen.

I've also never set one of these up before so maybe I'm missing something.

[allinvain]

If one of you had a business you would pay only GST. For example we (CryptoBoreas) pay 5% import taxes when the shipment is made out to our business name.

I would also like to say that if any of you join anyone else here on the thread on a group buy neither I nor CryptoBoreas would be held responsible for any events that may transpire. I suggest starting your own group buy thread if any of you are serious about putting together a group buy.

Cheers!

[Steamtyme]

If one of you had a business you would pay only GST. For example we (CryptoBoreas) pay 5% import taxes when the shipment is made out to our business name.

I would also like to say that if any of you join anyone else here on the thread on a group buy neither I nor CryptoBoreas would be held responsible for any events that may transpire. I suggest starting your own group buy thread if any of you are serious about putting together a group buy.

Cheers!

Thanks for the tip, yeah I think we just congregated here as Canadians, didn't seem to be enough interest to try and set up a Canadian buy.

[allinvain]

If we had spare power and enough interested parties I would have no problem reviving this group buy. Alas we don't have additional capacity yet and even when we do we have a huge customer waiting list to fulfill.

Another thing to consider is I think Canaan is not accepting BTC payments on the large pallet purchases.

[luvien]

I would be interested, I live in Quebec, Canada.

LJ

[Philopolymath]

Well since the recent group buy of Philip is frozen we have some choices...

Sounds like he is still going to see if Canaan will accept smaller batch buys to allow BTC payment..
His after all in touch with an official rep from Canaan..(Steve  forgothislastname).....

So maybe we can still group just us Canucks together for a smaller batch but have Phil execute it..
Doubt Canaan would do the shipping to all the individuals in Canada..
We would probably have to take shipment from him..or sidehack etc..

Just exploring options to see if any interested..
I still think this may be our best shot at getting some A7's...at a decent price..in near future..low risk

.site sells out so fast and resellers are too risky and greedy..

BUT NO LEAFS FANS

[philipma1957]

Well since the recent group buy of Philip is frozen we have some choices...

Sounds like he is still going to see if Canaan will accept smaller batch buys to allow BTC payment..
His after all in touch with an official rep from Canaan..(Steve  forgothislastname).....

So maybe we can still group just us Canucks together for a smaller batch but have Phil execute it..
Doubt Canaan would do the shipping to all the individuals in Canada..
We would probably have to take shipment from him..or sidehack etc..

Just exploring options to see if any interested..
I still think this may be our best shot at getting some A7's...at a decent price..in near future..low risk

.site sells out so fast and resellers are too risky and greedy..

BUT NO LEAFS FANS

They usually start replying to my emails about this time still waiting.

[Steamtyme]

Well since the recent group buy of Philip is frozen we have some choices...

Sounds like he is still going to see if Canaan will accept smaller batch buys to allow BTC payment..
His after all in touch with an official rep from Canaan..(Steve  forgothislastname).....

So maybe we can still group just us Canucks together for a smaller batch but have Phil execute it..
Doubt Canaan would do the shipping to all the individuals in Canada..
We would probably have to take shipment from him..or sidehack etc..

Just exploring options to see if any interested..
I still think this may be our best shot at getting some A7's...at a decent price..in near future..low risk

.site sells out so fast and resellers are too risky and greedy..

BUT NO LEAFS FANS

They usually start replying to my emails about this time still waiting.

It would be nice if they just helped that order along; and let us bang out 3 smaller orders right quick make everybody happy. I'll definitely wait to hear if we get good news before making any other plans.
But if the worst should happen maybe we could salvage a North America order if we keep within the BTC payment cap.

[Didley1JT]

Well since the recent group buy of Philip is frozen we have some choices...

Sounds like he is still going to see if Canaan will accept smaller batch buys to allow BTC payment..
His after all in touch with an official rep from Canaan..(Steve  forgothislastname).....

So maybe we can still group just us Canucks together for a smaller batch but have Phil execute it..
Doubt Canaan would do the shipping to all the individuals in Canada..
We would probably have to take shipment from him..or sidehack etc..

Just exploring options to see if any interested..
I still think this may be our best shot at getting some A7's...at a decent price..in near future..low risk

.site sells out so fast and resellers are too risky and greedy..

BUT NO LEAFS FANS

They usually start replying to my emails about this time still waiting.

Fingers crossed.

[HashZilla]

In the interest of making progress on the Avalon 741 Group Buy I would like to make a suggestion. Instead of asking Canaan to change their payment policy, can the Group change it's payment currency to match Canaan's policy?

This could be done using a payment service that accepts Bitcoin to make international wire transfers in USD.  There is a company called Bitwala that provides this type of service.  They appear to hold an exchange rate for a short period of time which could reduce our risk/cost.

https://www.bitwala.com/btc-to-usd/

The company is active on this forum (user name bitwala)

https://bitcointalk.org/index.php?topic=944782.0

I think at the least we should ask for a rate quote, what do you think?


(I have no experience or association with Bitwala)

[philipma1957]

 I think it may not be  btc or bank payment
It could be this

I have drawn the following conclusion if I do a 100 unit single group buy or a pair of 50 unit group buys or a set of three 34 unit group buys at my very small mark up I will under cut all the other people buying pallets of 60.

By huge number so every reseller in the world would hate me.

Soooo I would think resellers all over the world don't want the group buy I organized to get off the ground

As I would kill their sales. Sooo I wonder if I will ever get my group buy approved.

I got a polite maybe in an email reply from Steve early today. I felt he was holding back. I now think some

Resellers asked for protection from my low profit group buy.

[sidehack]

The question then becomes, are you getting the same price a reseller would who orders a similar quantity? Because if that's the case then they can put it up their butts.

[Philopolymath]

Well I doubt very much that a sufficient amount of resellers would or could collaborate AND have the power to lobby to prevent such a sale..
A group buy larger than a 60 unit pallet is a far more cost effective & significant order compared to a wack of individuals.

Further I doubt Canaan gives a shit about resellers
On the contrary I would think resellers only make more problems and resentment for Canaan.

I would suggest they should be far more interested in satisfying a group of serious established miners/buyers.

And not so stupid as to risk alienating such an influential group.
I'm sure some of us are also resellers.

Would we get the same treatment from Bitmain or Ebit?

It would be most unwise for Steve to dick around with us..He's no fool ...I must assume his job is to help expedite sales after all.

As far as Canaan is concerned this actually would be a single address customer purchase..
We are just reselling to ourselves after pooling payment and receiving the shipment.
Canaan would like-wise be on the hook for individual warranties from resellers anyway...
So there is really no incentive to discriminate against us... rather a risk to do so I would think.

Of course politically/geographically/economically speaking there may be some very good reasons for Canaan to discriminate against "Foreign" miner proliferation.

Sometimes maybe really does... just mean.... maybe.....but I doubt that too..especially in this case..

I suggest a bribe and some booze and hookers usually does the trick...

[allinvain]

Whoever organizes the group buy is on the hook for taking care of any future warranty/RMA procedures. We must keep this in mind because in Canaan's eyes they have ONE single customer and that customer is whomever received the gear.

Also they do not give any meaningful discounts to modest miner purchases. If you guys want meaningful discounts you're going to need to order 1000 or more A7s. I tried in the past and was told exactly this.

I don't think they have any political or geographical bias though. If you got the money they have the miners. Money talks as always so if you can put together a massive order they will be more than glad to fulfill it.

[sidehack]

You say that, but we just put together a $70k order (and only that size because Phil capped it) and are having to convince them to fulfill it. Hopefully he's made some headway with negotiations.

Anyways...

[Steamtyme]

I have a feeling the group buy died out in the last few seconds as Canaan is scrambling, to manage their growth as a company; which includes policies procedures and standards. This also falls into the "wow we're big now" lets make sure we are following all rules and regulations that our government has imposed, in dealing with all forms of currency and exchanges. The latter being a big one because on the face of it any of these large companies can easily appear as a front for money laundering.

My take away from all of it, is that they did care enough to try and work with and help us. They just lack the customer/sales support staff, as well as logistics planners for their current demand in the industry. I do look forward to continuing to deal with them in the future. Hopefully they funnel a large amount of their profits into improving these areas.

[HashZilla]

I don't see how this could be a reseller conflict issue. None of us have ordered from resellers, we ordered direct from Canaan.  And likely none of us would order from resellers.  Who exactly are these resellers, I never saw any on the Canaan web site?

[Didley1JT]

I don't see how this could be a reseller conflict issue. None of us have ordered from resellers, we ordered direct from Canaan.  And likely none of us would order from resellers.  Who exactly are these resellers, I never saw any on the Canaan web site?

They aren't approved distributors or anything... Just companies with enough capital to make relatively large purchases from Canaan (or Bitmain) and then resell at an enormous mark-up in other countries. But it shouldn't matter to Canaan (AT ALL) if resellers are complaining. They will sell the same amount of product either way and for the same price.

People are willing to pay the mark-up because of the enormous pain in the ass it is to order from Canaan and the fact that it apparently takes a group of 5 people to write a 6 word response over the period of 5 days...

[hyperdallas]

can someone just pay the $$$ and take bitcoin lol

[philipma1957]

can someone just pay the $$$ and take bitcoin lol

I wish I could. 

I have not had any replies from them since yesterday more then  36 hours ago.
There is something going on with them that they won't tell me.
I do not know what it is, but I think  my group buy has died.

I am back to waiting on my order for 1 unit  placed on August 31st.

[Didley1JT]

can someone just pay the $$$ and take bitcoin lol

I wish I could. 

I have not had any replies from them since yesterday more then  36 hours ago.
There is something going on with them that they won't tell me.
I do not know what it is, but I think  my group buy has died.

I am back to waiting on my order for 1 unit  placed on August 31st.

With all the China stuff going on right now, I wonder if they have been caught up in something...

Here comes $20,000 741s...

[hyperdallas]

can someone just pay the $$$ and take bitcoin lol

I wish I could. 

I have not had any replies from them since yesterday more then  36 hours ago.
There is something going on with them that they won't tell me.
I do not know what it is, but I think  my group buy has died.

I am back to waiting on my order for 1 unit  placed on August 31st.

they probally dont have any lol

[allinvain]

Well, I have some bad news for you guys. I asked Canaan when they'll have a new batch of miners in stock and they told me they have stopped selling to retail customers directly. They are working on setting up distributors though and "in the near future" we'll be able to buy gear only from these distributors.

[HagssFIN]

Ouch. So Canaan is going to do exactly as BW.com is doing when it comes to selling miners. Large quantity orders only.

[Didley1JT]

Well, I have some bad news for you guys. I asked Canaan when they'll have a new batch of miners in stock and they told me they have stopped selling to retail customers directly. They are working on setting up distributors though and "in the near future" we'll be able to buy gear only from these distributors.

Wow...


Thanks for the communication, Canaan!

[sidehack]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

[Didley1JT]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

[philipma1957]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

so  you purchased coins  at  the price of   x

and the coins dropped in price to           x-300

correct?

[Steamtyme]

I was in the same boat, but I did get that gut feeling to sell and pocket my 200$ gain, that way I just had the cash with my exchange until I got an address, in the meantime found a different hardware deal I'm hoping pans out.

[hyperdallas]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

RESELLER rates are like 1250? fuck that like 300 profit per and going with a 60 pallet they get a easy 18k which surely they will sellout 60 fast

[Didley1JT]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

so  you purchased coins  at  the price of   x

and the coins dropped in price to           x-300

correct?

No. The BTC I purchased for $2000 when I was ready to go is now worth $1700.

[philipma1957]

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

so  you purchased coins  at  the price of   x

and the coins dropped in price to           x-300

correct?

No. The BTC I purchased for $2000 when I was ready to go is now worth $1700.

If you still holding it it could go up.

[Didley1JT]

If you still holding it it could go up.

Hopefully. But I'd much rather just get this mining thing underway.



Edit: Also, I sent you a PM if you have a minute.

Oh yeah... further insult to injury, I ordered the PSUs from Parallel Miner and they already shipped.

[citronick]

Group buy is best way to go.

Giving these resellers that extra premium is waste of money really.

In the coming months, even 60k,90k,100k bulk orders will be soon out of stock - IMHO, with the rate BTC is climbing and after all the China ban drama -- its clear signal to BTC=5k and beyond.

I dread the day, that small miners will have no more leeway to access BTC ASICS mining equipment because only large farms have mass purchasing power to manufacturers main inventory.

Sidehack is right..... Canaan, like Bitmain will always prioritize larger farm orders and they should in order to stay in business.... otherwise its easy to suffer the same fate like Spondoolies Tech and others.

BTW, shout-out to Allan and team for hosting my group's Asics miners. Satisfied customer since June 2016.

[allinvain]

Group buy is best way to go.

Giving these resellers that extra premium is waste of money really.

In the coming months, even 60k,90k,100k bulk orders will be soon out of stock - IMHO, with the rate BTC is climbing and after all the China ban drama -- its clear signal to BTC=5k and beyond.

I dread the day, that small miners will have no more leeway to access BTC ASICS mining equipment because only large farms have mass purchasing power to manufacturers main inventory.

Sidehack is right..... Canaan, like Bitmain will always prioritize larger farm orders and they should in order to stay in business.... otherwise its easy to suffer the same fate like Spondoolies Tech and others.

BTW, shout-out to Allan and team for hosting my group's Asics miners. Satisfied customer since June 2016.

Appreciate the shout-out!

If anyone trustworthy in North America is thinking of putting together a group buy I'd be down for 10 units (no PSUs).

[HerbPean]

Group buy is best way to go.

Giving these resellers that extra premium is waste of money really.

In the coming months, even 60k,90k,100k bulk orders will be soon out of stock - IMHO, with the rate BTC is climbing and after all the China ban drama -- its clear signal to BTC=5k and beyond.

I dread the day, that small miners will have no more leeway to access BTC ASICS mining equipment because only large farms have mass purchasing power to manufacturers main inventory.

Sidehack is right..... Canaan, like Bitmain will always prioritize larger farm orders and they should in order to stay in business.... otherwise its easy to suffer the same fate like Spondoolies Tech and others.

BTW, shout-out to Allan and team for hosting my group's Asics miners. Satisfied customer since June 2016.

Appreciate the shout-out!

If anyone trustworthy in North America is thinking of putting together a group buy I'd be down for 10 units (no PSUs).

Same here ! Plus give me more power

[sidehack]

For all the good could come of it, I'm considering doing that. Probably should talk to Phil a bit more about all the runaround he's choosing to avoid by not doing it, to get an indication of how much suck will be involved.

[HerbPean]

I would glady buy a few units, but CryptoBoreas is full at the moment.

I cannot run more machines there.

All citronick fault !

[citronick]

I would glady buy a few units, but CryptoBoreas is full at the moment.

I cannot run more machines there.

All citronick fault !

LOL.... guilty as charged.

[HerbPean]

I would glady buy a few units, but CryptoBoreas is full at the moment.

I cannot run more machines there.

All citronick fault !

LOL.... guilty as charged.

[Didley1JT]

I would happily be a part of any group buy Sidehack or Phil put together. Would accept a higher cost on each unit as well, since there are additional fees/taxes involved and it's a bigger PITA for you guys. 

[allinvain]

Same here, if phil and sidehack take care of it I'd be glad to join. I'd like to pay via BTC though, so yeah there would be the additional hassle of having to sell btc right away and send payment to Canaan via wire-payment, but tis the burden the group buy organizer must bear. Also I'd also be willing to pay a small mark-up fee as compensation to the group-buy organizer.

I was going to do it myself initially but we are way to busy with other matters sadly.

Also, yes, blame citronick for everything! lool 

[philipma1957]

    The problem is once I go bank transfer  to do the import  a 60 piece pallet is 43k.
  I trigger   multiple reporting agencies.   Which means I need  full id's  of all buyers as it becomes a know your customer  concept since the product is basically a printing press.
Last year's 2 or 3 group buys that we did were  purchased with BTC  paid to the San Francisco based company block_c.

So  no

 btc to cash to bank account to china paper work needed. once I do this I have to change my business which is a simple sole owner schedule c.

And if I sell gear to overseas I have to vet the guy
if I sell more then 10k to a usa guy I have to vet the guy

I need a new bank  and have to send them tons of info.
If the bank won't work with coinbase  I have to

go btc from group buy to coin base to the bank I have now to the bank that will do the bank transfer.


Or open a bank  put my 45k in and send it off to canaan.io  with zero protection  for the 45k    which is all on me.

If I go the route of dropping 45k  I would have to mark the gear up  to reward me for risking 45k.

So the good deal  does not happen and I end up like one of the guys that marks it up to 1300.

Not to mention  to properly set up any bank for transfer will be a 3 week process.  And  at this point  I have to ask my self WTF? why bother.

[sidehack]

Did they never get back to you about being able to split up their guaranteed 100-unit hassle-free order into two shipments payable by the currency their entire business is built around supporting?

[philipma1957]

Did they never get back to you about being able to split up their guaranteed 100-unit hassle-free order into two shipments payable by the currency their entire business is built around supporting?

last reply was thur at 6:43 am eastern standard time



"Steven Mosher <steve@canaan.io>


 
Thu 9/7, 6:43 AM

I will have to see.

   We are sending more units to HK  to fill the backlog.
   The other option is to  buy from distribution.
    I am setting that up."
 


So  my feeling is they lost interest in me.  I can give many reason why  but they are guesses.

Heres a guess if price drops on btc to 3000-3500  all the gear will come in stock asap.

My gut feeling is they are mining   a 741 makes  about 7 usd a day after power 

we know they mine 2ph on kano  which is 250 units

7 usd a day profit  is a 120 day full roi  which is really good.

[sidehack]

Still weird they wouldn't try a little harder for a $70k sale. Takes me 2 months to bring in that kind of dough. Plus selling a miner is instant profit, not waiting 120 days for it.

[philipma1957]

Still weird they wouldn't try a little harder for a $70k sale. Takes me 2 months to bring in that kind of dough. Plus selling a miner is instant profit, not waiting 120 days for it.

well btc has dropped to about 4000

so at 70k  at  4000 a coin = 17.5 coins this weeks price.

70k at 4500 a coin =  15.55 coins  last weeks price

so if he emails me tonight  and cuts the deal they gain 2 btc

and if coins jump to 6000 they keep mining.

puts them in a win win game.

Of course if coins really tank they fucked up playing the game as they would lose the sale.

I think they play variations of this game above but I am only guessing  and it is their gear so they can do it if they want to.

I would love to see if anyone purchased a 60 pallet and has had it shipped.  Or has been billed in cash and sent a bank transfer .

here is a tweet which popped up as coins are now close to 4000


Tweets Tweets, current page.  Tweets & replies  Media
 Canaan‏ @canaanio  23h23 hours ago
More
 Shipping backlog orders starts Sept 20-30
October 1 - October 8   Golden Week Holiday
Shipping resumes Oct 9th
#https://canaan.io/shop

12 replies 1 retweet 15 likes
Reply  12   Retweet  1   Like  15   Direct message
 

[sidehack]

I've got a PSU quote out to a guy buying a pallet of 60, but he hasn't said if his order has been processed yet or not.

[philipma1957]

I've got a PSU quote out to a guy buying a pallet of 60, but he hasn't said if his order has been processed yet or not.

well  if coins stay at 4k or go lower he should get it filled.


but  if it is not filled  that guess I made is wrong.

Hopefully it fills as you should get a good sale on the psu's