Official group buy thread for avalon741 is closed no more orders! now frozen

[Atrolis]

why not using bank wire? Its even better i think and at least stable.

[TheQuin]

why not using bank wire? Its even better i think and at least stable.

First, you have to exchange it and get a wire into your bank account from a crypto exchange and then you have to wire it to China. Wiring amounts over $10,000 obligates banks to have to perform extra AML checks and inform the relevant authorities including the tax man. It certainly can't be done quickly and could cause all sorts of unforeseen problems in the future.

[HagssFIN]

I think it was pretty clear from the very beginning that this group buy will use BTC as a payment method to gather funds.
I don't know how this can be so surprising to mr. Steven Mosher.
With all respect.

[Lortec]

I also definitely would not send that kind of money wire transfer especially if you need to exchange from btc.

What does surprise me is that they only take btc if you order 59 units.

On the site they have skids of 60 units and 3 controllers and they are noted wire transfer only.

We will see. Hopefully with btc trending up today there is not much risk to them.

[philipma1957]

Well  it is simple  I have to do it in BTC  or I can not do it.  Mostly due  to USA banking rules.


So if canaan wants a bank transfer  the deal is dead.

I will see if they  come back with a btc  offer.

I have a guess  that they will not.      My reasoning is they have a restriction on BTC  to cash exchange.

I have one here in the USA  which is why I have to do it in BTC.



My apologies to all, but better this then  losing more then 75,000 US dollars  on a government seizure.


I will leave thread open  for venting,but don't blame canaan or me  most likely it is a case of governments and their rules about commerce.

oh well.

I guess I will go back to my gpu thread.

[Didley1JT]

Well  it is simple  I have to do it in BTC  or I can not do it.  Mostly due  to USA banking rules.


So if canaan wants a bank transfer  the deal is dead.

I will see if they  come back with a btc  offer.

I have a guess  that they will not.      My reasoning is they have a restriction on BTC  to cash exchange.

I have one here in the USA  which is why I have to do it in BTC.



My apologies to all, but better this then  losing more then 75,000 US dollars  on a government seizure.


I will leave thread open  for venting,but don't blame canaan or me  most likely it is a case of governments and their rules about commerce.

oh well.

I guess I will go back to my gpu thread.

It's a bummer, but I was starting to wonder if this would happen with the size of the order we were talking about.

Don't blame you or Canaan. I do appreciate you and sidehack putting up so much effort for little return.

Now, if Steve can help get my order (#89619) done, that would be great! For some reason they responded to my ticket to say that Lily would respond with BTC address information... and then somehow deleted my order number (on receipt) from the ticket. Now it looks like my ticket number is driving my place in line? (#89790 & #89774?).

This system is confusing...

[sidehack]

Well, balls.

Guess I'm bringing in a hundred PSUs for nothing, unless the BTC issue gets resolved. Still hoping for that, because this was gonna be a pretty cool thing to get done.

Hopefully they'll be able to work it out. I mean it's an $80k sale just sitting in their laps with exactly one not unreasonable condition.

[philipma1957]

Well, balls.

Guess I'm bringing in a hundred PSUs for nothing, unless the BTC issue gets resolved. Still hoping for that, because this was gonna be a pretty cool thing to get done.

Hopefully they'll be able to work it out. I mean it's an $80k sale just sitting in their laps with exactly one not unreasonable condition.

yeah  but they could be in the same spot I would be in  which means  neither one of us can bend due to government rules.



Maybe  we do 2 orders of 50  a week to 10 days  apart.  I will float this by them.

[sidehack]

That could work.

If it works well enough, we could keep rotating buys like that as a regular thing for a while. Certainly seems to be demand.

[philipma1957]

That could work.

If it works well enough, we could keep rotating buys like that as a regular thing for a while. Certainly seems to be demand.

I will email if we can do this.



I sent a reply to their emails  asking if we can do 50 then 50 with a 10 day gap in-between .

Maybe they can do this.

If not this is over with.

[Fantom2k83]

we all can pay directly to canaan via bank transfer. & all ok. just write in notes group buy ask Steve please
I think people with small (1,2,3) orders need to cooperate for 1 payment

[philipma1957]

we all can pay directly to canaan via bank transfer. & all ok. just write in notes group buy ask Steve please
I think people with small (1,2,3) orders need to cooperate for 1 payment

no the paperwork involved kills the deal for them.



from Lily Han of canaan




Dear Philip

Many thanks for your movement, the gourp buy helped us a lot, we really don't have time to handle all the customers.

I need the following information to make the PROFORMA INVOICE, they are also necessary for shipping.

1. Your exact shipping address.
2. Contact person and contact number for receiving goods.

I have some information need to know, this information will be related
to import customs clearance.

3. Do you have a company located in the U.S?
4. Do you or your company have the import license or import BOUND?

If you don't have a company, import license or import BOUND, that's ok, we can let or broker to help you deal with this.

Kind regards
Lily

[HagssFIN]

I think that this would help Canaan a lot as well, so I'm hopeful that they do everything to make this go through ok.

I would like to thank you Philip and sidehack for all the effort so far for this group buy.
You definitely earn your 1 unit per guy.

[philipma1957]

I think that this would help Canaan a lot as well, so I'm hopeful that they do everything to make this go through ok.

I would like to thank you Philip and sidehack for all the effort so far for this group buy.
You definitely earn your 1 unit per guy.

It is hard  to do this.

My restriction  is I have to use btc to send to them.

They may have a btc cap  of some kind

thus the under 60 no bank transfer

over 60  must be a bank transfer.

We have 1 buyer that may get shut out get get btc wants to pay in bank transfer

23 buyers and
8 countries  are involved:

China
USA
Canada
Russia
Finland
Malaysia
Germany
Austria

oh a dozen on a wait list

I

[jchi2210]

I think that this would help Canaan a lot as well, so I'm hopeful that they do everything to make this go through ok.

I would like to thank you Philip and sidehack for all the effort so far for this group buy.
You definitely earn your 1 unit per guy.

It is hard  to do this.

My restriction  is I have to use btc to send to them.

They may have a btc cap  of some kind

thus the under 60 no bank transfer

over 60  must be a bank transfer.

We have 1 buyer that may get shut out get get btc wants to pay in bank transfer

23 buyers and
8 countries  are involved:

China
USA
Canada
Russia
Finland
Malaysia
Germany
Austria

oh a dozen on a wait list

I

I'm all for breaking it up into 2 orders if we have to. or if we have to do a wire transfer ourselves (I doubt it gets to that) I work at a bank in Oklahoma and am willing to wire transfer my part.

[Freight]

Splitting the group buy into smaller orders is a great idea, and I'm for it. Hopefully Canaan can work something out since they have quite a bit of demand from the community.

[Lortec]

Thanks again Philipma and Sidehack. It really was a lot of work.

[wavelengthsf]

Thanks Phillip and Sidehack.

Hopefully they figure it out, but pretty crappy to change the rules like that after organizing everything.

[jonlorusso]

Thanks Phillip and Sidehack.

Hopefully they figure it out, but pretty crappy to change the rules like that after organizing everything.

For what it's worth, this rule has been stated pretty clearly on their site for at least a few weeks.  The rule was not changed.  Canaan is piss poor at communication, but they communicated this one bit of information pretty well.

[philipma1957]

Thanks Phillip and Sidehack.

Hopefully they figure it out, but pretty crappy to change the rules like that after organizing everything.

For what it's worth, this rule has been stated pretty clearly on their site for at least a few weeks.  The rule was not changed.  Canaan is piss poor at communication, but they communicated this one bit of information pretty well.

I was clear enough on thread  that is was always btc.

and steve posted on thread.

plus we had pm talks.

I know you are annoyed but look at this from my viewpoint  12 hours labor so far  most likley all for naught.

and from sidehacks view point he placed a large order for psu's.

and 59 units no bank order

 60 units bank order


first pm's  were as low as 30 cards

plus screen shots just taken  do not say bank order only



https://i.imgur.com/EdtaO2z.png

https://i.imgur.com/9Rl8Avg.png