Just got off the phone with Bitmain re next batch of S9

[Searing]

Nemo, why would you not make it first come, first served? If you're over subscribed then I don't see the need to service the 'big' buys first.

I held off on ordering through other mechanisms as a result of this group buy knowing that my order was on the list before reaching the original cutoff. It's disturbing to hear that the priority is shifting based on order size now.

Along with that...did the OP on this thread ever go with escrow...or is it a direct pay to bitmain based on your group size order......

anyway, thanks...don't remember a clarification for this

[Kapz786]

Nemo what's your timeline for this whole process? It's over a month since your OP and other than collecting the who is interested list it hasnt seem to progressed anywhere?

[InvisibleKnight]

Nemo, why would you not make it first come, first served?

Because it doesn't make sense for logistics  reasons. Handling big orders means less payments, less shippings and less headaches overall. Not fair to early birds but fair to Nimo. I understand that.

The best solution would be that all the small guys get together and pay an escrow as a man-in-the-middle for this group-buy so Nimo will treat it like one big order and then the escrow will handle the shipping to buyers.

[Searing]

Nemo, why would you not make it first come, first served?

Because it doesn't make sense for logistics  reasons. Handling big orders means less payments, less shippings and less headaches overall. Not fair to early birds but fair to Nimo. I understand that.

The best solution would be that all the small guys get together and pay an escrow as a man-in-the-middle for this group-buy so Nimo will treat it like one big order and then the escrow will handle the shipping to buyers.

I'm trying to remember the last (no profit to the OP) actual escrow group buy that worked....I think it was 1 year ago (longsnowsm?)

the others either fell thru, or the OP got a windfall in a free unit or two....

afraid, them days are gone

I've asked a few folk making various flavors of Asics....and got no place...such group buys may have gone the way of the dodo

[carnut]

What is the minimum Bitmain considers a bulk buy? 500 units? 100? Just wondering if it can be done on a smaller scale so not so overwhelming for the buyer/shipper. Over-demand could be handled by a lottery type draw so as not to give favorable treatment to small or large buyers.

Truth be told, many of these will end up on eBay which is fine - profit is profit. But it would be great if those of us who actually want to put these to work at Dustin's or any other host, could get together. I won't lie - I've been tempted to flip some, but I feel (personally) that the prices are just flat out painful on eBay. Reminds me of when we get a hurricane here and people price gouge on generators, fuel, water, etc.... fine if you're selling, but sucks when you're buying!

Nemo, why would you not make it first come, first served?

Because it doesn't make sense for logistics  reasons. Handling big orders means less payments, less shippings and less headaches overall. Not fair to early birds but fair to Nimo. I understand that.

The best solution would be that all the small guys get together and pay an escrow as a man-in-the-middle for this group-buy so Nimo will treat it like one big order and then the escrow will handle the shipping to buyers.

I'm trying to remember the last (no profit to the OP) actual escrow group buy that worked....I think it was 1 year ago (longsnowsm?)

the others either fell thru, or the OP got a windfall in a free unit or two....

afraid, them days are gone

I've asked a few folk making various flavors of Asics....and got no place...such group buys may have gone the way of the dodo

[Amstellodamois]

For Bitmain, a bulk starts at 200 units, said the OP.

As for the hurricane water, do you prefer some water for $10 or no water but priced 10 times cheaper?

[A.Delaney]

Well I want them for mining. I only just started out with this and have to take money out of my savings to buy them since I don’t have enough BTC to buy even 1 S9. I have no interest in selling them unless BTC fails and I don’t see that happening anytime soon. I’m not paying these inflated prices on eBay. I need to mine ,return the money to my savings and then work only with my earnings from there.

[carnut]

bulk starts at 200 units, said the OP.

Thanks - missed that.

As for the hurricane water, do you prefer some water for $10 or no water but priced 10 times cheaper?

You'd fit right in 

[Varabus]

Nemo,

Count me in as interested.

[nemopowertools]

To answer the latest comments.
1- I originally asked for 500 and than tried to bump it up to 700. Few days ago the contact in Bitmain said they'll let me know exactly how many units they can let me buy "next week" so I'm hoping for some good news in the next couple of days. Will call them again tomorrow.

2- They say the minimum order for dealers is 200. However, a few forum members contacted me and asked for an intro directly in order to buy 200. I forwarded their email and was told they don't need me to send them any more dealers since the march batch is oversubscribed.

3- The reason for going with large orders first is both logistics and trying to assure this buy actually goes through smoothly. My main objective here is not to make a buck. My highest priority is to make this happen in order to develop long term distribution relationship with bitmain and also be able to buy my own 100 units. We're developing under water data centers in NemoPowerTools and we want to be able to buy large quantities of miners in the future.
I don't want to wait around and jeopardize the entire order because a long list of people who ordered 1 or 2 miners don't pay on time and make us wait until all the funds are collected. I'm assuming that working with a smaller number of parties will make reduce this risk.
However, we still don't know how many miners we'll be able to order, how many people who signed up are actually serious and can act quickly once the purchase contract and payment option is sent to them and so on. So just because you signed up for 1, doesn't necessarily mean we won't be able to accommodate you.

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

[A.Delaney]

To answer the latest comments.
1- I originally asked for 500 and than tried to bump it up to 700. Few days ago the contact in Bitmain said they'll let me know exactly how many units they can let me buy "next week" so I'm hoping for some good news in the next couple of days. Will call them again tomorrow.

2- They say the minimum order for dealers is 200. However, a few forum members contacted me and asked for an intro directly in order to buy 200. I forwarded their email and was told they don't need me to send them any more dealers since the march batch is oversubscribed.

3- The reason for going with large orders first is both logistics and trying to assure this buy actually goes through smoothly. My main objective here is not to make a buck. My highest priority is to make this happen in order to develop long term distribution relationship with bitmain and also be able to buy my own 100 units. We're developing under water data centers in NemoPowerTools and we want to be able to buy large quantities of miners in the future.
I don't want to wait around and jeopardize the entire order because a long list of people who ordered 1 or 2 miners don't pay on time and make us wait until all the funds are collected. I'm assuming that working with a smaller number of parties will make reduce this risk.
However, we still don't know how many miners we'll be able to order, how many people who signed up are actually serious and can act quickly once the purchase contract and payment option is sent to them and so on. So just because you signed up for 1, doesn't necessarily mean we won't be able to accommodate you.

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

Hey how about your company invoices my machine shop for my 5 and I’ll just pay the invoice. That way I can write this off as a tool purchase. Lol

[nemopowertools]

To answer the latest comments.
1- I originally asked for 500 and than tried to bump it up to 700. Few days ago the contact in Bitmain said they'll let me know exactly how many units they can let me buy "next week" so I'm hoping for some good news in the next couple of days. Will call them again tomorrow.

2- They say the minimum order for dealers is 200. However, a few forum members contacted me and asked for an intro directly in order to buy 200. I forwarded their email and was told they don't need me to send them any more dealers since the march batch is oversubscribed.

3- The reason for going with large orders first is both logistics and trying to assure this buy actually goes through smoothly. My main objective here is not to make a buck. My highest priority is to make this happen in order to develop long term distribution relationship with bitmain and also be able to buy my own 100 units. We're developing under water data centers in NemoPowerTools and we want to be able to buy large quantities of miners in the future.
I don't want to wait around and jeopardize the entire order because a long list of people who ordered 1 or 2 miners don't pay on time and make us wait until all the funds are collected. I'm assuming that working with a smaller number of parties will make reduce this risk.
However, we still don't know how many miners we'll be able to order, how many people who signed up are actually serious and can act quickly once the purchase contract and payment option is sent to them and so on. So just because you signed up for 1, doesn't necessarily mean we won't be able to accommodate you.

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

Hey how about your company invoices my machine shop for my 5 and I’ll just pay the invoice. That way I can write this off as a tool purchase. Lol

Of-course there will be an invoice (and a purchase contract). That's the plan even if we find an escrow.
The company is legally required to issue invoices.

[iohen]

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

I don't have any issues with this

[Kapz786]

To answer the latest comments.
1- I originally asked for 500 and than tried to bump it up to 700. Few days ago the contact in Bitmain said they'll let me know exactly how many units they can let me buy "next week" so I'm hoping for some good news in the next couple of days. Will call them again tomorrow.

2- They say the minimum order for dealers is 200. However, a few forum members contacted me and asked for an intro directly in order to buy 200. I forwarded their email and was told they don't need me to send them any more dealers since the march batch is oversubscribed.

3- The reason for going with large orders first is both logistics and trying to assure this buy actually goes through smoothly. My main objective here is not to make a buck. My highest priority is to make this happen in order to develop long term distribution relationship with bitmain and also be able to buy my own 100 units. We're developing under water data centers in NemoPowerTools and we want to be able to buy large quantities of miners in the future.
I don't want to wait around and jeopardize the entire order because a long list of people who ordered 1 or 2 miners don't pay on time and make us wait until all the funds are collected. I'm assuming that working with a smaller number of parties will make reduce this risk.
However, we still don't know how many miners we'll be able to order, how many people who signed up are actually serious and can act quickly once the purchase contract and payment option is sent to them and so on. So just because you signed up for 1, doesn't necessarily mean we won't be able to accommodate you.

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

Hey how about your company invoices my machine shop for my 5 and I’ll just pay the invoice. That way I can write this off as a tool purchase. Lol

Of-course there will be an invoice (and a purchase contract). That's the plan even if we find an escrow.
The company is legally required to issue invoices.

So as you are invoicing the group buy members "aka customers" aren't you liable for tax on that?

[nemopowertools]

To answer the latest comments.
1- I originally asked for 500 and than tried to bump it up to 700. Few days ago the contact in Bitmain said they'll let me know exactly how many units they can let me buy "next week" so I'm hoping for some good news in the next couple of days. Will call them again tomorrow.

2- They say the minimum order for dealers is 200. However, a few forum members contacted me and asked for an intro directly in order to buy 200. I forwarded their email and was told they don't need me to send them any more dealers since the march batch is oversubscribed.

3- The reason for going with large orders first is both logistics and trying to assure this buy actually goes through smoothly. My main objective here is not to make a buck. My highest priority is to make this happen in order to develop long term distribution relationship with bitmain and also be able to buy my own 100 units. We're developing under water data centers in NemoPowerTools and we want to be able to buy large quantities of miners in the future.
I don't want to wait around and jeopardize the entire order because a long list of people who ordered 1 or 2 miners don't pay on time and make us wait until all the funds are collected. I'm assuming that working with a smaller number of parties will make reduce this risk.
However, we still don't know how many miners we'll be able to order, how many people who signed up are actually serious and can act quickly once the purchase contract and payment option is sent to them and so on. So just because you signed up for 1, doesn't necessarily mean we won't be able to accommodate you.

4- We spent countless hours this week talking to and meeting with escrow companies and lawyer offices. We still don't have a good solution for that. Again, if anybody knows an escrow company that is willing to collect the payments and send it to bitmain, please introduce me to them. Otherwise the entity that will collect the payments will be Nemo Power Tools Limited (www.NemoPowerTools.com).

Hey how about your company invoices my machine shop for my 5 and I’ll just pay the invoice. That way I can write this off as a tool purchase. Lol

Of-course there will be an invoice (and a purchase contract). That's the plan even if we find an escrow.
The company is legally required to issue invoices.

So as you are invoicing the group buy members "aka customers" aren't you liable for tax on that?

Yes, but I'm getting an invoice from bitmain for pretty much the same amount, which offsets it. x dollars in, x dollars out profit is 0, hence no tax.

[A.Delaney]

Right, I would need you to invoice my business also so I could write it off as an equipment purchase. Then I would just pay your business no different than I do any of my other suppliers.

[Runes911]

As for who am I? Search for my username and you will find it at:
Anadtech = https://www.reddit.com/user/runes911
Reddit = https://www.reddit.com/u/runes911
Heatware = http://www.heatware.com/u/2554
Which is linked to my ebay: https://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=runes911
Webhostingtalk = http://www.webhostingtalk.com/member.php?u=86269

Again, as I said before, I am only new to this forum.

Can you fix Anandtech link?

Fixed. Same username. https://forums.anandtech.com/members/runes911.36135/

[monoso]

I'm in for 2.

[Kapz786]

I'm in for 2.

Read the whole thread - your 2 is out.

[comby]

In for 50 if possible.

Is there any EAT by the way?