[K&T Hosting] 100x Used S7 (4.73TH) Group Buy (CLOSED)

[tbonetony]

Hi Everyone,

I am starting up a group buy of 100 used S7 (dual-fan 4.73TH model).

These units will be shipped then hosted at our hosting centre. (Service announcement thread: https://bitcointalk.org/index.php?topic=1794057.0)

I am determined to buy up to 100 units no matter how many participants are in. So if you participate, please expect this deal to go through and it implies that you agree to become our hosting client. Please read our service post before making your decision.

Details about this purchase:
1. These units are bought from the US and I am asking for US$380/unit all-inclusive (shipping, custom, setup, etc.)
2. Transaction is expected to close in early March. Delivery is expected mid to late March. Setup is expected to complete by end of March.
3. USD/BTC conversion will be recorded on closing date (TBD), using Coinbase BTC/USD rate +1%.
4. For hosting signups of 6-month, we will subsidize $30 towards your hosting bill.

I understand that we are new so here is what I would like to offer escrow and partial funding option:
1. I will find a reputable escrow on the forum or if most of participants are in favor of any particular escrow, we will use him/her.
2. If one decides to participate, a deposit of 0.05 btc/unit is required to be sent to the escrow to show good faith and seriousness, 3 days before closing date (TBD). YES only 0.05 btc/unit.
3. There is no further obligation on participant, UNTIL the rig is up and running.
4. Participant is expected to pay remaining dues in full within 24 hours after purchased rig is set up.
5. Should participant choose to ditch the deal after making deposit, the deposit will be paid out to me in full.
6. Escrow fees shall be paid by participants and participants are expected to figure out the terms with the escrow. Applicable escrow fees are outstanding to the payment receivable by me. I am not involved in this part.

Proof of ownership:
1. Ownership will be assigned randomly at setup. Pictures of the unit's physical conditions and S/N tag will be sent to owner for future references.
2. We guarantee your unit is in good working conditions at the time of assignment. This includes:
2.1 Hashrate: 4.73TH/s +/- 10%
2.2 No functional damage other than reasonable cosmetic wears.

Warranty:
We provide 7-day warranty as courtesy. In the unlikely event that your assigned rig breaks or underperforms beyond 10%, we will grant you another rig in the same good working conditions as stated above.

Questions and comments are welcome below.

Interested escrows please feel free to name yourself by replying.

[CjMapope]

Ok, let me just see if my math is good here:

Your offering S7's at 4.73TH/s, at 380USD.  
whats the exact cost of hosting for an S7 per month with you? about 60$ a month? (40$ per kw and they use about 1.3)  if so that leaves about 35$ profit a month granting no diff changes (assumed to be another 5+% in 3 days) .  that profit margin is SLIM, and on 28nm ASICs :/

thats 11+ month ROI with NO dif changes if they bring in 35$ a month after hosting fees and cost 380$ :/  

ouch, no way personally.

[tbonetony]

Ok, let me just see if my math is good here:

Your offering S7's at 4.73TH/s, at 380USD.  
whats the exact cost of hosting for an S7 per month with you? about 60$ a month? (40$ per kw and they use about 1.3)  if so that leaves about 35$ profit a month granting no diff changes (assumed to be another 5+% in 3 days) .  that profit margin is SLIM, and on 28nm ASICs :/

thats 11+ month ROI with NO dif changes if they bring in 35$ a month after hosting fees and cost 380$ :/  

ouch, no way personally.

Let me guess,

1. your assumption is based on today's btc price and it would not go up in the future. Yes I am biased that btc will go up imho or else I would not bother messing up with all these.
2. you've assumed this purchase of hardware as a sunk cost at time zero, which is not exactly true. Should something happens to one's daily profitability, the hardware would, likely, still bear a residue value. Back in September 2016, S7's were sold for around $250 or less, just for your reference.

Otherwise, your math is right, no argument here. I believe I have put up all the sales related info as reasonably much as I can. Good for you if you could be better off elsewhere but not everyone could enjoy what you have.

[CjMapope]

Ok, let me just see if my math is good here:

Your offering S7's at 4.73TH/s, at 380USD.  
whats the exact cost of hosting for an S7 per month with you? about 60$ a month? (40$ per kw and they use about 1.3)  if so that leaves about 35$ profit a month granting no diff changes (assumed to be another 5+% in 3 days) .  that profit margin is SLIM, and on 28nm ASICs :/

thats 11+ month ROI with NO dif changes if they bring in 35$ a month after hosting fees and cost 380$ :/  

ouch, no way personally.

Let me guess,

1. your assumption is based on today's btc price and it would not go up in the future. Yes I am biased that btc will go up imho or else I would not bother messing up with all these.
2. you've assumed this purchase of hardware as a sunk cost at time zero, which is not exactly true. Should something happens to one's daily profitability, the hardware would, likely, still bear a residue value. Back in September 2016, S7's were sold for around $250 or less, just for your reference.

Otherwise, your math is right, no argument here. I believe I have put up all the sales related info as reasonably much as I can. Good for you if you could be better off elsewhere but not everyone could enjoy what you have.

true, 2 valid points, cant argue there! the residual value will STILL prob be 200ish even in a year, i would say, so that IS a factor, yes.
and i agree, BTC only really goes up long term, its almost safe to say this time next year it should be easily 1500USD+.
As a long term proposition these could be a great investment for sure, and if in a DC you will be there to admin them so thats valuable too.
Best of luck!
i may actually go in on one myself as a long term hobby miner i can sell at anytime