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Group Buy - UK Trader home page!
Know the TradingWhat are this group buying?
The group are preparing to buy the Block Erupter USB, which is a small device especially designed to process SHA-256 algorithms.
How are the Block Erupter USB being produced?The ASICMiner company developed the Block Erupter USB using ASIC technology. The device is basically a circuit board shielded from both sides with a thin sheet of metal. This will not only ensure the electronic components are protected, but will also help dissipate the heat.
So how much processing power could I expect from the Block Erupter USB?Around 300 million hash per second (Mh/s).
In accordance with the current network difficulty, how many bitcoins can the Block Erupter USB produce per day?A single unit of the Block Erupter USB at the moment could generate up to 0.01 BTC per day. At the current average exchange rates this is equivalent to almost 1 GBP per day.
When will the Block Erupter USB be available to order?The first batch of Block Erupter USB is estimated to be ready for order from 20th May 2013.
So how I can participate in the group?You just have to
place a pre-order using this form.
All right! How many Block Erupter USBs can I pre-order?As many as possible.
Wait... I missed the most important question: how much does each Block Erupter USB cost?The ASICMiner company is selling each Block Erupter USB for 1.99 BTC. The final price per buyer includes all the incurred costs, such as the trader fee, shipment, tax and customs clearance.
How can I find how much the incurred costs will be?You can
follow the Trader's Book here. If you wish to calculate the shipment costs,
use this tool from the Royal Mail.
Will you re-ship the Block Erupter USB to oversea buyers?Yes!
Could I personally pick-up my ordered Block Erupter USB with you?No, all orders will be re-shipped by postal service to ensure the seller delivers the promised product to each buyer as soon as possible in a fair manner.
Does the Block Erupter USB come with any guarantee or warranty?Yes, ASICMiner guarantees the Block Erupter USB will work as promised for 6 months. If you receive one or more Block Erupter USB not properly working or damaged, you must return them to the seller for replacement.
Are you going to produce an invoice?Yes, but only regarding the cost incurred to complete the deal between seller and buyer. I am not going to produce an invoice detailing the Block Erupter USB because I am not the seller. I will, however, copy the invoice received from the seller and include it in the buyers’ parcel.
So how, when and where I will pay my for my pre-order?Once I send you the invoice with a Bitcoin address for payment.
What will happen after I send the payment?I am going to bid for a batch of 300 or more Block Erupter USB in an auction to be offered by ASICMiner in the Bitcoin forum. Once I win the auction, I will immediately pay the seller with the collected funds from the buyers. Then I will buy the necessary amount of GBP from Mt.Gox to prepare the re-shipment of the Block Erupter USB.
Are you going to keep the accounting of this trade transparent?Yes, I fully support open and honest trade. You can
follow the payment list in the Trader's Book.
