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Author Topic: Minerwarez official Canaan Distributor  (Read 6299 times)
kebabman
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January 09, 2018, 09:26:56 PM
 #101

I just got an email from minerwarez. they say the price is $2898 each.
so, I bought (2) A741 for $1600 total and they are 7.3TH x 2 = 14.6 TH.
Now I have to pay $2898 for one A821 that gives you only 11 TH.

Yes, it's completely ridiculous, basically tantamount to a slap in the face. I for one will never be buying anything from MinerWarez again, and possibly not Canaan either.

I'm one of the lucky ones in that I paid by credit card, I really feel bad for those that paid in BTC and are now being offered USD based refunds. Sad

It's borderline theft if you ask me, a risk-free BTC holding for MinerWarez for which they get to profit on the huge BTC rise from October without having to put the USD in to get it. You know for a fact if the BTC price had gone down below the USD value when you paid you'd be getting a refund in BTC not USD. Not cool.

I'm going to ask for a refund, obviously, but I'm also going to flag the MinerWarez transaction with my credit card company. A small black mark against their payment gateway is the least I can do for them.
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January 10, 2018, 12:31:49 AM
 #102

I just got the same email and I am pissed.   I paid them .39 BTC total for 3 units and they will not refund my .39 they will only give me todays exchange rate..

Now they want me to pay them another 6k to get the 821 units..   That is over triple the price I paid them for the original units yet not even double the hash power..   

In my eyes MinerWarez is a fraud point blank!!!!! 

I am going to tell them to refund my money and the next batch of miners I purchase will be 841s and directly from Canaan. Until the point that the 841 is released I will run what I have purchased from my unofficial vendor who in fact just got a shipment of 160 in yesterday.

For all those who feel the need to comment about the fact that I have purchased from an unofficial vendor save your breath and shove your comments..  Here is a photo of the units we picked up 10 days or so ago..



I'm not sure if Canaan or Minerwarez is being shady.  Either way, there's some fuckery afoot!



Start mining!!   Then maybe you can afford a better toilet paper holder!


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January 10, 2018, 02:38:24 AM
 #103

Just to let you know Mr NotFuzzyWarm, I do not want the money. I want the miner and that why I bought it. I would have kept my money.
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January 10, 2018, 03:11:29 AM
 #104

Ha Ha,,,  I just noticed this when writing my request to cancel my MinerWarez order.

MinerWarez says that they are giving every one a super good deal on the 821 units of $2,898.00 USD

But if you were to go to Canaan the retail price of 160 units is $173,100.00.

173,100.00 / 160 = 1081.875

So the cost has not gone up that much! They are just trying to screw us!!!!


SMH
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January 10, 2018, 03:28:26 AM
 #105

Ha Ha,,,  I just noticed this when writing my request to cancel my MinerWarez order.

MinerWarez says that they are giving every one a super good deal on the 821 units of $2,898.00 USD

But if you were to go to Canaan the retail price of 160 units is $173,100.00.

173,100.00 / 160 = 1081.875

So the cost has not gone up that much! They are just trying to screw us!!!!


SMH

Your math is a little off there, those pallets are 60 units.


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January 10, 2018, 03:37:24 AM
 #106

Ha Ha,,,  I just noticed this when writing my request to cancel my MinerWarez order.

MinerWarez says that they are giving every one a super good deal on the 821 units of $2,898.00 USD

But if you were to go to Canaan the retail price of 160 units is $173,100.00.

173,100.00 / 160 = 1081.875

So the cost has not gone up that much! They are just trying to screw us!!!!


SMH

Your math is a little off there, those pallets are 60 units.

OOps... 


173,100.00 / 60 = 2885

So they are not trying to screw us but they are still not giving any good deal it is just normal price!!
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January 10, 2018, 03:43:28 AM
 #107

So this is a copy paste of a post I made in another thread and I think it is still relevant here. It has been cut to suit this topic

Here's the thing I find funny.

Everyone seems to forget that this is a business that deals in let's call it "boutique" electronics. They have to find a balance between sale price, and their costs; which include: salaries to employees, initial hardware costs, and warehouse costs such as electricity, internet, phone etc. Not to mention big surprise... profit, no one runs a business to break even.




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elduderino
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January 10, 2018, 04:43:37 AM
 #108

I just got an email from minerwarez. they say the price is $2898 each.
so, I bought (2) A741 for $1600 total and they are 7.3TH x 2 = 14.6 TH.
Now I have to pay $2898 for one A821 that gives you only 11 TH.
WTF is this?? we shlould sue them for holding our money and use it.

copy of the emal:
Avalon 821 Purchase update for unfilled December orders:
Thank you again for your patience and understanding.  Canaan has made this special allotment available and, as communicated, this offer is available only for the number of miners previously paid for (i.e. for each Avalon 741 unit ordered, paid for, and not filled in December, customers can order one unit at the discounted rate).
The orders will be sent out in March 2018 and the price per unit is $2,898.00 USD (retail orders will open in April at a higher projected price point).  Customers wishing to order the Avalon 821 will be asked to make full payment by January 31st, 2018.  We look forward to hearing from you by January 15th, 2018.  Any outstanding order not specifying will be refunded for their December 741 order.  All requests for refund will be honored.
Below is the information provided by Canaan Creative for the Avalon 821.  We ask that you remain cordial in your interactions with our staff and with Canaan’s sales team.
Sincerely,
Minerwarez


I just got the same email and I am pissed.   I paid them .39 BTC total for 3 units and they will not refund my .39 they will only give me todays exchange rate..

Now they want me to pay them another 6k to get the 821 units..   That is over triple the price I paid them for the original units yet not even double the hash power..   

In my eyes MinerWarez is a fraud point blank!!!!! 

I am going to tell them to refund my money and the next batch of miners I purchase will be 841s and directly from Canaan. Until the point that the 841 is released I will run what I have purchased from my unofficial vendor who in fact just got a shipment of 160 in yesterday.

For all those who feel the need to comment about the fact that I have purchased from an unofficial vendor save your breath and shove your comments..  Here is a photo of the units we picked up 10 days or so ago..


So, obviously, the clear intention is to offer 741 buyers such a shitty deal that only a moron would accept it, therefore, nearly everyone will take the refund - and Minerwarez walks away with a nice fat profit in the difference between BTC vs. USD. Essentially a guaranteed arbitrage profit.

So what we need to do is figure out how much money would be lost vs. hiring an attorney with a decent chance of winning a class action lawsuit.

That's really the only way justice would be served.
As for me, I'm willing to LOSE money to see justice done.

Do the things you know you must do first, then worry about the stuff you're not sure about.
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January 10, 2018, 05:07:59 AM
 #109

I just got an email from minerwarez. they say the price is $2898 each.
so, I bought (2) A741 for $1600 total and they are 7.3TH x 2 = 14.6 TH.
Now I have to pay $2898 for one A821 that gives you only 11 TH.
WTF is this?? we shlould sue them for holding our money and use it.

copy of the emal:
Avalon 821 Purchase update for unfilled December orders:
Thank you again for your patience and understanding.  Canaan has made this special allotment available and, as communicated, this offer is available only for the number of miners previously paid for (i.e. for each Avalon 741 unit ordered, paid for, and not filled in December, customers can order one unit at the discounted rate).
The orders will be sent out in March 2018 and the price per unit is $2,898.00 USD (retail orders will open in April at a higher projected price point).  Customers wishing to order the Avalon 821 will be asked to make full payment by January 31st, 2018.  We look forward to hearing from you by January 15th, 2018.  Any outstanding order not specifying will be refunded for their December 741 order.  All requests for refund will be honored.
Below is the information provided by Canaan Creative for the Avalon 821.  We ask that you remain cordial in your interactions with our staff and with Canaan’s sales team.
Sincerely,
Minerwarez


I just got the same email and I am pissed.   I paid them .39 BTC total for 3 units and they will not refund my .39 they will only give me todays exchange rate..

Now they want me to pay them another 6k to get the 821 units..   That is over triple the price I paid them for the original units yet not even double the hash power..   

In my eyes MinerWarez is a fraud point blank!!!!! 

I am going to tell them to refund my money and the next batch of miners I purchase will be 841s and directly from Canaan. Until the point that the 841 is released I will run what I have purchased from my unofficial vendor who in fact just got a shipment of 160 in yesterday.

For all those who feel the need to comment about the fact that I have purchased from an unofficial vendor save your breath and shove your comments..  Here is a photo of the units we picked up 10 days or so ago..


So, obviously, the clear intention is to offer 741 buyers such a shitty deal that only a moron would accept it, therefore, nearly everyone will take the refund - and Minerwarez walks away with a nice fat profit in the difference between BTC vs. USD. Essentially a guaranteed arbitrage profit.

So what we need to do is figure out how much money would be lost vs. hiring an attorney with a decent chance of winning a class action lawsuit.

That's really the only way justice would be served.
As for me, I'm willing to LOSE money to see justice done.


If any one can find a attorney willing to attempt at proving that I would preemptively sign all of my monitory rights of the suit over to them just to see a point made! At this point the damage is done and I have already sourced my goods, my anger would be at bay just to know they did not get to keep the difference in coin I lost!

I look at it like this, At our current mining rate by the time the 841 units are on the market I will have stacked enough coin to buy from Canaan and MinerWarez will be a speck on my rear bumper!
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January 10, 2018, 05:15:39 AM
 #110

Another idea is to make sure that any potential Minerwarez/Caanan customer knows about this horseshit.

Creating multiple pages on social media such as Facebook, youtube, Reddit, Digg, etc. with a title 'Minerwarez/Caanan 741 scam' not only gets eyes on the page itself but ranks highly on the search engines when someone is searching for a company/product.

If you are willing to spend a little time/$, you can either use automated software or pay a decent SEO guy to do some 'blackhat' SEO for very little $.

Do the things you know you must do first, then worry about the stuff you're not sure about.
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January 10, 2018, 08:46:08 AM
 #111

Another idea is to make sure that any potential Minerwarez/Caanan customer knows about this horseshit.

Creating multiple pages on social media such as Facebook, youtube, Reddit, Digg, etc. with a title 'Minerwarez/Caanan 741 scam' not only gets eyes on the page itself but ranks highly on the search engines when someone is searching for a company/product.

If you are willing to spend a little time/$, you can either use automated software or pay a decent SEO guy to do some 'blackhat' SEO for very little $.


I’m writing out my story and then sending it to 2700 journalists 30% of which write specifically
about cryptos.

And no, no I will never ever purchase a Canaan product again. Regardless if it’s “MinerWarez”  fault.

They represent Canaan and Canaan have not due diligence.

And to the offer us a price that is clearly bulk resellers retail.

Lol. The only reason I haven’t asked for a refund yet is because I was hoping they’d do the right thing but now they’ve
crossed the line.  This is insulting! Seriously I can’t believe I ordered from a place with its circa 2001 warez name.

The fact that they strung us along and kept promising us shipments is the crime here.

Well, I don’t mind seeing Canaan fail again.
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January 10, 2018, 03:11:00 PM
 #112

Another idea is to make sure that any potential Minerwarez/Caanan customer knows about this horseshit.

Creating multiple pages on social media such as Facebook, youtube, Reddit, Digg, etc. with a title 'Minerwarez/Caanan 741 scam' not only gets eyes on the page itself but ranks highly on the search engines when someone is searching for a company/product.

If you are willing to spend a little time/$, you can either use automated software or pay a decent SEO guy to do some 'blackhat' SEO for very little $.


I’m writing out my story and then sending it to 2700 journalists 30% of which write specifically
about cryptos.

And no, no I will never ever purchase a Canaan product again. Regardless if it’s “MinerWarez”  fault.

They represent Canaan and Canaan have not due diligence.

And to the offer us a price that is clearly bulk resellers retail.

Lol. The only reason I haven’t asked for a refund yet is because I was hoping they’d do the right thing but now they’ve
crossed the line.  This is insulting! Seriously I can’t believe I ordered from a place with its circa 2001 warez name.

The fact that they strung us along and kept promising us shipments is the crime here.

Well, I don’t mind seeing Canaan fail again.

You should share that list, or forward them to this thread. I have started to post the following text where ever i can. 

___________________________________________

www.MinerWarez.com is an absolute scam! Go to BitcoinTalk and look up the review thread on them.

I ordered Bitcoin mining units from them, I paid .39 BTC for miners on Oct-23-2017 for an order that was supposed to ship on Dec-5-2017. Delay after Delay brings us to Jan-9-2018 when we are told we will not get our A741 units we ordered because they are EOL! If we want to upgrade to A821 units we will need to pay the difference of approx $2000 USD by the end of Jan-2018 and the miners would have a ETA of March-2018.

If I take a refund then I don't get my .39 BTC back I only get 0.157275 BTC or what ever the given exchange rate is right now for $2500.

First of all the good deal they are telling every one the are getting is no better than what is on the Canaan website for a 60 unit retail pack.

And on a Screw up this bad any company worthy of being a multi country distributor should not ask for any money until the product is ready to ship!!

If you are looking to secure Canaan Miners you should group up and buy direct from Canaan and forget about MinerWarez as they are just a rusty cog in the wheel.

I have purchased several units from a unauthorized source who purchased direct from Canaan this source has gotten two shipments in while the official distributor MinerWarez can not even get a shipment in that was prepaid for by the end users!

My experience with MinerWarez was absolutely horrible!

___________________________________________

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January 10, 2018, 09:25:59 PM
 #113

Ha Ha,,,  I just noticed this when writing my request to cancel my MinerWarez order.

MinerWarez says that they are giving every one a super good deal on the 821 units of $2,898.00 USD

But if you were to go to Canaan the retail price of 160 units is $173,100.00.

173,100.00 / 160 = 1081.875

So the cost has not gone up that much! They are just trying to screw us!!!!


SMH

Your math is a little off there, those pallets are 60 units.

OOps... 


173,100.00 / 60 = 2885

So they are not trying to screw us but they are still not giving any good deal it is just normal price!!


Yeah except the pallet for $173,100 comes with 60x controllers 60x AUC3 converter cables and 60x power supplies. Yep.

So, there’s not only is there no discount. You will actually pay as much as a combo kit.and wait 4 weeks longer than any other distributor..



So there you have it, the entire explanation in a nutshell. why pay retail when you can pay more for less!


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January 10, 2018, 10:19:41 PM
 #114

do not buy anything from Minerwarez neather from Canaan. I email them yesterday about the issue but they did not care at all.
here is their email:

The reply message:

I am sorry for your situation.

we do not retail now, so, if your order is less than 60, you have to buy from distributor.

The reason why distributor Minerwarez increase the price dramatically may be that our A821 price is higher than A741.

You can see price on our website      https://canaan.io/shop/ . BUT     Our price is not high, compared to other competitors brand. You can check on the Internet.  The demand for miners in the market is extremely strong.

What's more, the performance not only depend on the hashrate , the power consumption is also very important.

A741 is 7.3TH/S, the power consumption is 1150w.  A821 is 11TH/S , but the power consumption is ALMOST THE SAME:1200W.  So, the performance do increase A LOT.

I know you did not get your A741, but we have limited inventory and SO MANY MANY people want it.  I am sorry you miss that .

In addition, we do want to help you. But once the product is shipped to distributor, we can not restrict how they sell ,even the price.

Therefore, I think you can take refund or pay more to get a miner, it is not easy to get miner.

Hope my answers are helpful to you.

Best regards

Ann

what do you think? me I am pised and will never ever buy anything from CANAAN. you will waste your time and they will use your money to make money and give it to you back after months. free money for them.no interest,nothing.
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January 10, 2018, 10:27:13 PM
 #115

do not buy anything from Minerwarez neather from Canaan. I email them yesterday about the issue but they did not care at all.
here is their email:

The reply message:

I am sorry for your situation.

we do not retail now, so, if your order is less than 60, you have to buy from distributor.

The reason why distributor Minerwarez increase the price dramatically may be that our A821 price is higher than A741.

You can see price on our website      https://canaan.io/shop/ . BUT     Our price is not high, compared to other competitors brand. You can check on the Internet.  The demand for miners in the market is extremely strong.

What's more, the performance not only depend on the hashrate , the power consumption is also very important.

A741 is 7.3TH/S, the power consumption is 1150w.  A821 is 11TH/S , but the power consumption is ALMOST THE SAME:1200W.  So, the performance do increase A LOT.

I know you did not get your A741, but we have limited inventory and SO MANY MANY people want it.  I am sorry you miss that .

In addition, we do want to help you. But once the product is shipped to distributor, we can not restrict how they sell ,even the price.

Therefore, I think you can take refund or pay more to get a miner, it is not easy to get miner.

Hope my answers are helpful to you.

Best regards

Ann

what do you think? me I am pised and will never ever buy anything from CANAAN. you will waste your time and they will use your money to make money and give it to you back after months. free money for them.no interest,nothing.

It's not really Canaan's fault, it's MinerWarez. They are the ones really at fault here. That said given the specs, price and availability of the 821 vs the Antminer S9 I can't really see any reason to buy them.
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January 10, 2018, 10:52:26 PM
 #116

Okay so this discussion has gone off topic.

The issue with your orders has been noted. And the posts will be left in place.

Feel free to start  a thread in service discussion or wherever else you see fit regarding your feelings about minerwarez, or Canaan.


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Ripmixer
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January 11, 2018, 12:58:35 AM
 #117

I requested my order be refunded about 24 hours ago and I have NO RESPONSE and NO REFUND!
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January 11, 2018, 02:08:36 AM
 #118

I requested my order be refunded about 24 hours ago and I have NO RESPONSE and NO REFUND!

Same here.  Angry
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January 11, 2018, 02:57:18 AM
Last edit: January 11, 2018, 03:10:48 AM by NotFuzzyWarm
 #119

Just to let you know Mr NotFuzzyWarm, I do not want the money. I want the miner and that why I bought it. I would have kept my money.
Well then take it as a 'Welcome to the crypto miner world' and deal with it.

For those bitching about exchange rate differences, all the Courts care about is what was the price in USD at time of sale - not the price of a floating currency. Doesn't matter if you paid in BTC, Gold, Silver, or pork bellies the USD value at the time is all that will be counted. You paid x amount of $$ and that is what will be refunded or used as a credit.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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January 11, 2018, 03:03:07 AM
 #120

Quote from: CryptoSouth link=topic=2277516.msg27815335#msg27815335
<snip>
OOps...  
173,100.00 / 60 = 2885

So they are not trying to screw us but they are still not giving any good deal it is just normal price!!
No they are charging you the normal WHOLESALE price vs what their retail price will be after a wholly justified markup. You think running a retail business is a near zero-sum game?

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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