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Author Topic: Canaan & AvalonMiner - Legit? $18k Investment  (Read 392 times)
kurkan88
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July 25, 2017, 11:50:30 PM
 #1

Dears,

Is Canaan the seller of AvalonMiner is trusted?

Any idea what does it mean - Manual Payment? I just ordered and selected manual payment, not sure what does it mean.

Anyway, i can't get Antminer S9 so a group of friends including me actually needs to invest $18k. Is it worth it to invest and getting AvalonMiner? Do we have other choices for investment?

Please share any info about Canaan and your opinion about the $18k best investment.

One more question, does SegWit will drop the price of BTC? why "Bitcoin Cash" owners say that they will be the next Bitcoin?

Thanks
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NotFuzzyWarm
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July 26, 2017, 03:17:44 PM
 #2

Canaan is highly trusted so have no fears working with them. Their 1 weak point is timely communications, it is best to always use their Ticket system for talking to them as it seems that email is more for status updates and email replies have to be manually inputted into the Ticket system (delays).

I know "Manual Payment' is for paying with BTC, not sure if they do CC or PayPal (doubt it).
They will contact you with the BTC price and the wallet address to send it to.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
philipma1957
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July 26, 2017, 04:35:14 PM
 #3

I would spend the money with them but I have some caveats .

If you are usa based  2500 and under should be duty free  18000 would be at least 3% duty = 500

Second if you click manual payment and pay in btc it is slow  to get the bill
If you click bank payment they are a bit faster to send billing.

I ordered 1 unit on thurs last week clicked manual  and was billed this morning I sent in btc today

start here
https://bitcointalk.org/index.php?topic=1673843.msg20334881#msg20334881


end here
https://bitcointalk.org/index.php?topic=1673843.msg20395052#msg20395052

this happens to btc buyers

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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July 26, 2017, 05:42:54 PM
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Quote
If you are usa based  2500 and under should be duty free  18000 would be at least 3% duty = 500
I must add that the threshold is PER_SHIPMENT being processed by FedEx/Customs so if you try to get around that by making multiple smaller orders you better be sure they ship out at least a week or more apart so they are not processed at the same time.

Also be aware that when US Customs applies Duty they also notify the State where the goods are shipped to. If your state collects sales tax on out-of-state/internet purchases the state will bill you for taxes due. Been there - done that...

Or perhaps have several different people place orders and ship to their different addresses?

Then again, since you are planning making sizeable income: Register as a business. Then most things including cost of the miners, electric, etc, become deductions from reported income. Even better -- ref the IRS Section 179 new equipment purchase deductions Smiley http://www.section179.org/section_179_deduction.html

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
rossie
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July 26, 2017, 05:50:41 PM
 #5

Maybe Im just lucky, but ordered yesterday - billed today - payed today - shipping tomorrow...
Im payed manual (BTC), everything went smooth

https://bitcointalk.org/index.php?topic=1673843.msg20403420#msg20403420
Liquid71
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July 26, 2017, 09:11:32 PM
 #6

I've purchased from them and had no problem and would buy from them again. They are legit. I'm hoping they build a miner like the Bitmain R4 for quit home mining to heat my house in the winter.

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