DRILLBIT SYSTEM Miners - Avalon range available - Now $104.99!

[bobsag3]

I too don't have enough bitcoin to purchase anything substantial.

Please continue to accept PayPal it was fast and easy to do.
 

What about international postal money orders, they might be cheaper than a bank wire for me.

 

See my above message. Im sure if you PM me we can work out a way to get barntech paid from you

Working with my coop partner right now to get a paypal page running, will post again when its ready to go.

[thegoldbug]

According to Localbitcoin.com:

I can sell my BTC for cash locally for (best price) $117.xx
I can sell my BTC online for (best price) $124.xx

I can buy BTC locally for cash $145.xx
I can buy BTC online for (best price) $135.xx

the going rate according to 50BTC is US$125.76

so you can see that we have to pay about $11 / BTC in fees (about 7.3%). 

Acquiring $1740 in BTC to buy 4 boards and a back plane will cost me over $150 in BTC fees.

I'd much rather pay Paypal fees and feel comfortable about the transaction.

I see the excessive fee gouging as one of the things holding back on more use of BTC.  (used to be the same problem for gold bullion most places).

[erk]

According to Localbitcoin.com:

I can sell my BTC for cash locally for (best price) $117.xx
I can sell my BTC online for (best price) $124.xx

I can buy BTC locally for cash $145.xx
I can buy BTC online for (best price) $135.xx

the going rate according to 50BTC is US$125.76

so you can see that we have to pay about $11 / BTC in fees (about 7.3%). 

Acquiring $1740 in BTC to buy 4 boards and a back plane will cost me over $150 in BTC fees.

I'd much rather pay Paypal fees and feel comfortable about the transaction.

I see the excessive fee gouging as one of the things holding back on more use of BTC.  (used to be the same problem for gold bullion most places).

Why are you carrying on like a nutter? Has somebody actually said there will be no Paypal ordering on future board purchases?

[forevernoob]

Why can't you people use Bitstamp? Just wire 700 bucks, then a week later your account will be credited and you can start buying BTC.
The only fee you will have to pay is for making a international wire.

[AussieHash]

According to Localbitcoin.com:

I can sell my BTC for cash locally for (best price) $117.xx
I can sell my BTC online for (best price) $124.xx

I can buy BTC locally for cash $145.xx
I can buy BTC online for (best price) $135.xx

the going rate according to 50BTC is US$125.76

so you can see that we have to pay about $11 / BTC in fees (about 7.3%). 

Acquiring $1740 in BTC to buy 4 boards and a back plane will cost me over $150 in BTC fees.

I'd much rather pay Paypal fees and feel comfortable about the transaction.

I see the excessive fee gouging as one of the things holding back on more use of BTC.  (used to be the same problem for gold bullion most places).

There are far better prices available than that.
https://localbitcoins.com/buy-bitcoins-online/

[kano]

... only fee you will have to pay is for making a international wire.

Ouch.

If only Weex was more popular to keep the buy/sell prices closer more often.
However, it is often OK and the price is often reasonable.

Edit: Oh I probably should have posted the Weex link for those who've not heard of it
https://www.weexchange.co/
It's run by Graeme T - the Ozcoin pool guy

[Barntech]

Hello.

So it seems that the BTC transfer fees are a bit of an issue. Kind of ironic that one of the best things about BTC is that it is virtually fee free, yet the stumbling block here is fees. The problem is that we all have our money in Fiat. Perhaps we should all ask our bosses to pay half BTC half Fiat, wouldn't that be nice. I am also a bit spoilt having a pretty great service here in Australia for converting currency that has pretty low fees. Check out http://www.coinjar.io/ ... 2% for buying BTC with AUD. Not bad.

For those of you who really can't get the BTC together, Bobsag and his team are going to be offering a third party paypal service in which you will pay them via paypal and they will forward us the BTC. There will be a comission fee for this service and paypal fees on top of that, so it will end up costing about 7-8% on top of the main cost. If that is more appealing to you than getting some BTC, it will be there as an option. More details on this soon.

Cheers.

Barntech

[Zeek_W]

Hello.

So it seems that the BTC transfer fees are a bit of an issue. Kind of ironic that one of the best things about BTC is that it is virtually fee free, yet the stumbling block here is fees. The problem is that we all have our money in Fiat. Perhaps we should all ask our bosses to pay half BTC half Fiat, wouldn't that be nice. I am also a bit spoilt having a pretty great service here in Australia for converting currency that has pretty low fees. Check out http://www.coinjar.io/ ... 2% for buying BTC with AUD. Not bad.

For those of you who really can't get the BTC together, Bobsag and his team are going to be offering a third party paypal service in which you will pay them via paypal and they will forward us the BTC. There will be a comission fee for this service and paypal fees on top of that, so it will end up costing about 7-8% on top of the main cost. If that is more appealing to you than getting some BTC, it will be there as an option. More details on this soon.

Cheers.

Barntech

Interesting - havn't used them yet. Might do so in the future!

Hows the firmware coding going?

[NexusFlow]

Hi barntech,

I might be missing something, but I don't actually see the price of buying chips only. If possible could you update the front page with something like;

The new pricing is this:

Drillbit 8 Board - $425
Drillbit Thumb - $130
Drillbit Miniplane - $40
Bitfury Chip - $??

Cheers
Nexus

[Barntech]

Hi barntech,

I might be missing something, but I don't actually see the price of buying chips only. If possible could you update the front page with something like;

The new pricing is this:

Drillbit 8 Board - $425
Drillbit Thumb - $130
Drillbit Miniplane - $40
Bitfury Chip - $??

Cheers
Nexus

Hey Nexus.

Yeah sure, i'll update it now. Standalone chips are $37 each.

[bitterdog]

So [1] Mini plane will host [4] 8 chip boards?

[Barntech]

So [1] Mini plane will host [4] 8 chip boards?

Correct. We also have the Drillbit Hub which will host 2 miniplanes. Pricing TBA. Let me know if you are interested.

[Foofighter]

@barntech
If I only got 1 drillbit board , Can I run it without a backplane?

[Barntech]

@barntech
If I only got 1 drillbit board , Can I run it without a backplane?

Yes, the boards run standalone, nothing else required. The Miniplane is a neat way to stack your boards and minimize data and power connections, but it is not required.

[Unacceptable]

@barntech
If I only got 1 drillbit board , Can I run it without a backplane?

Yes, the boards run standalone, nothing else required. The Miniplane is a neat way to stack your boards and minimize data and power connections, but it is not required.

I hope more ASIC makers do this!!!!!!!!!! Plus no expensive case to pay for either!!!!!!!! 

I'll be in for 1 more board,just waiting for the Paypal thing to get setup.

Nothing personal,but,incase anything goes south(god forbid)I have recourse & not have to hope for the best for a refund 

[Barntech]

@barntech
If I only got 1 drillbit board , Can I run it without a backplane?

Yes, the boards run standalone, nothing else required. The Miniplane is a neat way to stack your boards and minimize data and power connections, but it is not required.

I hope more ASIC makers do this!!!!!!!!!! Plus no expensive case to pay for either!!!!!!!! 

I'll be in for 1 more board,just waiting for the Paypal thing to get setup.

Nothing personal,but,incase anything goes south(god forbid)I have recourse & not have to hope for the best for a refund 

Hey unacceptable.

Fair enough on wanting the security of paypal in case things go wrong, but just wanted to say that we will always honor a refund request (except after the units are shipped of course), so if anyone if concerned on that front, don't be. I know that my word is perhaps not as reassuring as the weight of a giant multinational corporation, but i assure you it is solid and trustworthy. We're not going to stuff you around! ... That said, the third party Paypal setup will be up and running shortly. 

Barntech

[kano]

... I know roughly where he lives - not far from me - so yeah no trouble tracking him down

[hasher87]

a bit bummer with the prices, but looking forward to it

also, hoping for a paypal option! btcquick restriction of $250 per day and 7.5% charge is quite a bummer for me

[vulgartrendkill]

just ordered one more complete board @ 425.00 usd.   Can you confirm please when you have a mo

[Barntech]

just ordered one more complete board @ 425.00 usd.   Can you confirm please when you have a mo

Got it. Thanks man.