CLOSED [Group Buy Batch ONE] ASICMiner Block Erupter USB INTERNATIONAL

[intron]

Just curious, what's to total count now?

intron

[MineForeman.com]

Just curious, what's to total count now?

intron

Depends... if your counting orders then it is well over what we need.

If your counting payments, a tad over 50 at last count.  I have done/doing all I can, its up to you guys when we finish.

[stripykitteh]

If we've already paid do we receive some sort of confirmation from you that you've received the funds? Or do you need a signed message from the address we used to pay?

[MineForeman.com]

If we've already paid do we receive some sort of confirmation from you that you've received the funds? Or do you need a signed message from the address we used to pay?

There is no payment confirmation email.  If you want to see your details you just use the link that was sent in the first email and it will tell you how much BTC has been received and how many devices that buys.

Neil

[stripykitteh]

If we've already paid do we receive some sort of confirmation from you that you've received the funds? Or do you need a signed message from the address we used to pay?

There is no payment confirmation email.  If you want to see your details you just use the link that was sent in the first email and it will tell you how much BTC has been received and how many devices that buys.

Neil

D'oh, should have thought of that. Yes, that worked a treat. Thanks.

[alibert]

If anyone here wants to buy BTC via bitcoin.de I must warn you, that it will take you up to 3-4 weeks until you get the BTC. This is what I am going through right now.

1. Make account, enter your bank account
2. Wait for a test transaction to your bank account and enter code (takes up to a week)
3. Buy BTC
4. Transfer money to seller (takes up to a week)
5. Wait 14 days until bitcoin.de lets you pull your BTC from their wallet into yours.

Where is the dislike button when you need him

[MineForeman.com]

If anyone here wants to buy BTC via bitcoin.de I must warn you, that it will take you up to 3-4 weeks until you get the BTC. This is what I am going through right now.

1. Make account, enter your bank account
2. Wait for a test transaction to your bank account and enter code (takes up to a week)
3. Buy BTC
4. Transfer money to seller (takes up to a week)
5. Wait 14 days until bitcoin.de lets you pull your BTC from their wallet into yours.

Where is the dislike button when you need him

Ouch!!!

If it makes you feel any better your not the only one feeling the 'buying bitcoin' pain.  Because most of my orders came from people that did not have bitcoin in the first place there are a lot of you.

[MineForeman.com]

http://www.ebay.com/itm/USB-Bitcoin-ASIC-Miner-IN-HAND-Ships-Immediately-NOT-BFL-or-AVALON-pre-order-1-/121115396672?pt=LH_DefaultDomain_0&hash=item1c330a4a40

Now that is a good way to make a margin on these devices!

I hve one guy in this group buy who says he is doing exactly that with the 10 he has paid for.

[daemondazz]

Definitely a rip-off, if not bordering on straight out scamming - comparisons to BFL/Avalon etc and details about ASICMINERs blades, but only one small mention of the actual speed.

People are going to be buying that expecting 5GH/s and getting rather pissed off. That can't be good for the image of BTC at all.

[gambitv]

Is it worth contacting some of the other Block Erupter Group Buys and combining forces. If we managed to get 2 other groups to combine, we could all aim for 100 units each instead of the big ask of 300.

Then between the three groups arrange one order of the units, with one person passing on the units to the other two group leaders. Thoughts?

[intron]

If anyone here wants to buy BTC via bitcoin.de I must warn you, that it will take you up to 3-4 weeks until you get the BTC. This is what I am going through right now.

1. Make account, enter your bank account
2. Wait for a test transaction to your bank account and enter code (takes up to a week)
3. Buy BTC
4. Transfer money to seller (takes up to a week)
5. Wait 14 days until bitcoin.de lets you pull your BTC from their wallet into yours.

Where is the dislike button when you need him

No idea if this helps, but I buy my BTC here: http://www.happycoins.nl/
(Dutch company). They are rather quick, people from the SEPA region
(Single European Payments Area) can have the coins within a day or so.

intron

[MineForeman.com]

Just put out a new version of MinePeon;-

http://mineforeman.com/2013/05/26/minepeon-beta-1-code-name-butterfly-bob-released/

I mentioned this group buy in it, hopefully it will get things going.

Still sitting at just over 50 paid.

[LogicalUnit]

I'm in Australia, could you give me a better price if I buy 5? 2.6 BTC is a lot

[MineForeman.com]

I'm in Australia, could you give me a better price if I buy 5? 2.6 BTC is a lot

I could, but at the risk of sounding like a total ass---- I really don't want to.

The thing is, I priced it at 2.6 BTC to make sure that if I sell a single unit and pay all of the shipping, customs, taxes etc I would not be loosing anything.

While there is economy of scale, and multiple purchases do save on shipping and packing etc I was kind of hoping that I would get to keep the extra (yeah, I am an evil capitalist).

Shoot me 

[LogicalUnit]

I'm in Australia, could you give me a better price if I buy 5? 2.6 BTC is a lot

I could, but at the risk of sounding like a total ass---- I really don't want to.

The thing is, I priced it at 2.6 BTC to make sure that if I sell a single unit and pay all of the shipping, customs, taxes etc I would not be loosing anything.

While there is economy of scale, and multiple purchases do save on shipping and packing etc I was kind of hoping that I would get to keep the extra (yeah, I am an evil capitalist).

Shoot me 

lol, I'm a capitalist too -- which is why I need to get a decent return on my investment. If I buy five, it will cost me 13 BTC for 1650MH/s. According to 50BTC.com, I will be mining 70 mBTC per day. This means it will take 185 days (over 6 months) to start making a profit. According to this forum, a 6 month return on investment is average. You also need to factor in market volatility and the difficulty factor. So now you can see where I'm coming from.

In fairness to you though, the USB Erupter does use very little power, and it is very compact. I plan to use MinePeon on my Raspberry Pi, which is your software. It would be nice if we could come to an arrangement

[MikeMike]

MineForeman.com,

Interested in an order between 5-10 units.

Bitcoin in hand...

[MineForeman.com]

MineForeman.com,

Interested in an order between 5-10 units.

Bitcoin in hand...

You're welcome to join, especially if you have bitcoins in hand and trust me enough not to do the dirty on you, the faster we get to 300 paid the better.

We are getting close to hitting 60 payed for (57/300).

Neil

[stripykitteh]

I guess I'm not the only one to notice that these are attracting bids well over $400 on eBay, so 2.6BTC delivered doesn't seem like a bad deal.

[MineForeman.com]

I guess I'm not the only one to notice that these are attracting bids well over $400 on eBay, so 2.6BTC delivered doesn't seem like a bad deal.

Funny you should say that, in another thread this is being discussed because of an ebay auction topping over $1000 for a single unit and I just posted a reply to it as follows;-

I cannot imagine that very many will sell for that kind of price (if they buyer intends to pay at all) but I've been wrong before.

Don't count on it, one of the things I have learned from running my group buy is that there are many more people who want these things that only have normal currency than people who have BTC to spend on them.

And by many I mean 50 to 100 times.  The demand for them using normal currency is pushing the price up to 4 or even 5 times the BTC price.

Neil

And I am not kidding, I literally have hundreds of emails from people asking me if they can pay with normal currency, even if it is 2-3 times the cost in BTC.

[caish5]

And I am not kidding, I literally have hundreds of emails from people asking me if they can pay with normal currency, even if it is 2-3 times the cost in BTC.

Are these people insane?
Even at the normal price is it more of a curio than profitable mining proposition.
I mean they are cool, but 2-3x cool?