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

[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.

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[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