[Antminer S1 Sales open] Price changes daily, now 0.414 BTC for 180GH/s

[cruzader]

although I wasnt too worried about getting slugged import duty as we have a $1000 limit before that kicks in here in Australia

dang, here in norway we have a $32(!!) limit set in the 70s...

[1714999745]

1714999745

[1714999745]

1714999745

[1714999745]

1714999745

[jimmyl]

I'm confused. Did the S1 mine at the advertised speed or not? If the S1 was used but did perform as advertised, I think it's pretty crazy to return it, pay return shipping, and lose out on mining revenue while waiting for a replacement.

read the post and look at the pictures. the issue was damage and poor workmanship. the fins were damaged and both blades were not welded all the way and are separating from the base.

My S1 didnt have any sort of price on the Customs Declaration and just had "computer game gateway" on it - although I wasnt too worried about getting slugged import duty as we have a $1000 limit before that kicks in here in Australia - kinda makes up for being so damn far away from everything lol - not sure why it doesn't have a price on it, I was expecting it to.

i purchase from china and other countries on ebay. i've never paid any kind of import tax. it's just a BS excuse to refund me less.

I consider buying S1 like buying a generator. I don't care if it's scratched. As long as it does the job and is quiet, good enough for me.

Lots of people here are complaining about paying VAT for S1, what makes you doubt that Bitmain has VAT?
I sent a RSA token (banking token) to a company in China valued at USD100, they have to pay RMB150 to get it from DHL.

[WEB slicer]

i consider buying an antminer with the blades separating from the base cause they weren't welded all the way like buying a car and having the steering wheel hanging off the steering column. it's not acceptable.

after talking with their customer service i don't believe anything they say.

[jimmyl]

i consider buying an antminer with the blades separating from the base cause they weren't welded all the way like buying a car and having the steering wheel hanging off the steering column. it's not acceptable.

after talking with their customer service i don't believe anything they say.

Then the customer prospective is different. Some feels like paying for a USD 400 car, others just a heat generator.

I agreed, China quality cannot match those quality expectations

[WEB slicer]

to be honest, it's not the quality that has me angry. shit happens, life goes on. what has me pissed off is the customer service. they really don't care about you. they act like your concerns are just an inconvenience to them. they tell you they will do something for you then they don't follow through with what they promised. they are trying to pressure me in to a replacement by telling me im going to pay up the ass for a refund when the only conditions discussed by Yanhua Qin was i pay return shipping.

[cruzader]

Lots of people here are complaining about paying VAT for S1, what makes you doubt that Bitmain has VAT?
I sent a RSA token (banking token) to a company in China valued at USD100, they have to pay RMB150 to get it from DHL.

They do not pay VAT on foreign sales.
For units they recive for repair they do not pay VAT to recive it aslong as they can provide any form of documentation that it is service and ship it out of the country again in x days (not sure on the timeframe of return).
If not within timeframe they pay VAT, then as they ship it out of the country with same value/adress as shipped it to them they get the VAT back.

[WEB slicer]

They do not pay VAT on foreign sales.

i believe this guy. it's like paying tax when you buy at a retail store but when you buy online there is no tax if the vendor is not physically located in your state.

[kendog77]

I'm confused. Did the S1 mine at the advertised speed or not? If the S1 was used but did perform as advertised, I think it's pretty crazy to return it, pay return shipping, and lose out on mining revenue while waiting for a replacement.

read the post and look at the pictures. the issue was damage and poor workmanship. the fins were damaged and both blades were not welded all the way and are separating from the base.

My S1 didnt have any sort of price on the Customs Declaration and just had "computer game gateway" on it - although I wasnt too worried about getting slugged import duty as we have a $1000 limit before that kicks in here in Australia - kinda makes up for being so damn far away from everything lol - not sure why it doesn't have a price on it, I was expecting it to.

i purchase from china and other countries on ebay. i've never paid any kind of import tax. it's just a BS excuse to refund me less.

You still haven't answered the question of whether or not it mines at 180-200 GH. Most Bitcoin Miners are not pretty, so it's all about function.

If you have a working miner that performs according to spec, but choose not to use it because of some bent heatsink fans, you're in the wrong business. If you expect everything to be plug and play, you're in the wrong business.

It's very common to receive mining hardware from China that require some TLC, but most serious miners realize that it's in their best interest to get the hardware working if they can and avoid a costly RMA process.

Looking at the issue from a business perspective, it's absolutely asinine to not use a working miner because of some aesthetic issues.

[WEB slicer]

yes, it was working. i figured you would realize that cause i did not mention it being not working.

i did not buy the machine for myself, i bought it for somebody else. when he saw the condition he did not want it. if i put it on ebay they would file a claim. you may be satisfied receiving fucked up shit as long as it works but i am not and i don't think the majority of buyers will be happy with it.

[kendog77]

yes, it was working. i did not buy the machine for myself, i bought it for somebody else. when he saw the condition he did not want it. if i put it on ebay they would file a claim. you may be satisfied with fucked up shit but i am not and i don't think the majority of buyers will be happy with it.

Have you seen the resale market for used Bitcoin mining hardware? In many cases, used hardware sells for more than the original purchase price.

When I'm buying a money printing machine, I could not care less if it has been used as long as the unit performs according to specification.

[WEB slicer]

Have you seen the resale market for used Bitcoin mining hardware?

yes, have you? the price on these things have been falling every other day. what i paid is not what it's currently worth. if i advertised this on the forum for what i paid people would laugh at me and tell me to GTFO.

[kendog77]

Have you seen the resale market for used Bitcoin mining hardware?

yes, have you? the price on these things have been falling every other day. what i paid is not what it's currently worth. if i advertised this on the forum for what i paid people would laugh at me and tell me to GTFO.

It sounds like the person you bought the miner for screwed you and is looking for a way out of paying for the miner. What did you get out of this deal for being the middle man?

[gagalady]

For 180GH/s 0.8 BTC sounds really cheap? Anyone buying It now?

[WEB slicer]

the guy is a friend of mine. i introduced him in to mining. he has been mining with GPU for months. i told him it's time to go ASIC but he barely has 1 BTC and did not want to spend. i told him i will buy for you and you can pay me back when it's mining. i paid $590 + $35 ship mid march. when i had the machine in hand to give to him they were selling for $500. after seeing the price difference he was not happy but still wanted it. when he noticed the condition he backed out. and to be honest, i don't blame him. regardless of the price the fucking blades should be welded to the base all the way.

[kendog77]

For 180GH/s 0.8 BTC sounds really cheap? Anyone buying It now?

Power consumption is a bit high and is the main downside at 2W/GH and you also need to provide the power supply. If BTC price remains where it is now, it should still be profitable to run S1s though Q2 and some of Q3 before more efficient hardware knocks these off the network.

There are many variables, like BTC price, future difficulty, and your cost of electricity.

Personally, I'm running a lot of S1s right now, but am not buying anymore due to the high power consumption.

[cruzader]

i am advertising S1 units localy running at 140gh/s 165watt at 750$ including psu and getting some bites.
Got less interest when i advertised them at 180 or 200 with the high watt usage.

[arczi19]

the guy is a friend of mine. i introduced him in to mining. he has been mining with GPU for months. i told him it's time to go ASIC but he barely has 1 BTC and did not want to spend. i told him i will buy for you and you can pay me back when it's mining. i paid $590 + $35 ship mid march. when i had the machine in hand to give to him they were selling for $500. after seeing the price difference he was not happy but still wanted it. when he noticed the condition he backed out. and to be honest, i don't blame him. regardless of the price the fucking blades should be welded to the base all the way.

That's one shitty friend to be perfectly honest with you.

[BITMAIN]

New price for AntMiner S1: 0.818 0.63 btc each one, shipping cost included.

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

[cruzader]

so that is down do about 310$ then o.O
Anybody know what they declare the shipments as in value? (europe)

[jimmyl]

New price for AntMiner S1: 0.818 0.63 btc each one, shipping cost included.

whoever has bought S1 recently will get coupons, which are expected to reach user accounts on Apr 25th and Apr 26th.

Happy Mining 

HUAT AH! Send me some coupon please!