bitcoinminingmachines.co.uk -- hardware importer and retailer

[studio1one]

Here we are, yet another hardware retailer. We'd like to think we are a little different though.

We have many years experience as an import and retail business, specialising in import from China. We have a good network of suppliers and agents in China who do our quality control for us. We are also keen miners. Obviously it would seem like madness, with so many ASIC now coming out of China to not combine the two for fun and profit.

This is early days and we have only just got the website up and are currently working on it. It's also a terrible time to launch as it is just into Chinese New Year holidays so we are struggling to get hands on stock at present. We have a shipment on its way in from HK at the minute, due in this week. After the holidays finish we will have a regular supply of various hardware and are working on deals with a few different suppliers

You can see them here on DHL

http://www.dhl.co.uk/content/gb/en/express/tracking.shtml?brand=DHL&AWB=6610981226%0D%0A



Here is a little more information about us

Bitcoin Mining Machines is a trading name of Indie Glow limited. We are a retailer of SHA and Scrypt mining hardware. We are aware of how hard it is to get a good reputation in these products due to the amount of poor quality transactions people have experienced with the likes of BFL and out and out scams. Here is our promise to you.

 

1. No Pre orders -- That means that if an item is showing in stock it is here in the UK in our offices. You can come and collect today if you wish. We don't hold stock  'in our China office' or  'with our partners'. We only advertise what is here now.

Our address is
2-4 Millyard
Wharfebank Business Centre
Otley
LS21 3JP

Customers are welcome to drop by anytime and inspect our machines, just let us know you are coming

Any questions happily answered and I will try not to take any flaming too seriously.

 

2. Secure payment options -- You are welcome to pay by Paypal but will need to add the 2.9% fee on for our Paypal charges, we must make an exception to orders collected from our offices, this is bank transfer BTC or cash only but you are welcome to fully inspect the machine hashing before taking it away. The reason we cannot offer Paypal for collections is that we have no proof of delivery if someone makes a not received claim. Sorry but it has to be like that. Other options are BTC via Coinbase, cash on collection or bank transfer. It is our intention to never leave you feeling vulnerable to a scam

 

3. Shipping same day for all orders before 1PM. Our shipping cost to Mainland UK is 29.99 per machine for Avalon and Antminer, will be less for Gridseed. I know it's expensive but these are heavy. This does not include shipping insurance, you can add on shipping insurance if you wish but if you choose not to take it we cannot accept responsibility for damage in transit once the item has left our office. To be honest we prefer you to come and collect if possible, that way we can show you your machine hashing and running stable

 

4. We are upfront about this, when the machine arrives here we will start it mining and advertise it for sale. It will be mining until you collect it or we post it. If the machine does not mine stably or is running slow, it will not be sold. Every machine you buy will be running exactly as it should.

 

5. Help and support. We will support and help you getting your machine running and trouble shooting any issues that may arise. Happy to do this via phone, instant messaging, team viewer or whatever else. We will get you mining.

My name is Dean Hannan and I am a director of this and other companies, you are welcome to check me out on the web, I will appear as a director of several companies, some of which are registered to the address above.

Any forum member interested in hardware can come and have a look anytime.

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[studio1one]

Duh,

A link would help

www.bitcoinminingmachines.co.uk

[Ratters]

Good to see another UK Startup, Well done.

Are you considering selling any smaller miners, ie Antminer U1 etc

Would be nice for people breaking in to Bitcoin who cant drop £2k on a miner (ME!)

Good Luck

Rgds

Ratters

[studio1one]

Hi Ratters,

The problem is that I can't see any ROI on those smaller miners now. It is getting tight to get ROI on the 200 but the CEX calculator, calculating at 50% increase a month still shows ROI.

I guess some people aren't bothered about that and just want to be part of the network but we are trying to offer the best chance of ROI on the machines.

When we get our hands on the Gridseed machines they will be cheaper and will offer a great chance of making profit on your purchase.

[Ratters]

I admit Gridseed looks very interesting, what would be a guestimate of the cost per unit? 10's or 100's of £.

i see your point on ROI, you are right, you will never ROI with a U1 mining Bitcoin but mining a SHA.. Alt and trading/selling you can ROI the same day.

Dont want to clog your thread so ill leave it there, just think there is a good market for lower end tech as well & also not many UK sellers doing it.

Rgds

Marc

[studio1one]

I admit Gridseed looks very interesting, what would be a guestimate of the cost per unit? 10's or 100's of £.

i see your point on ROI, you are right, you will never ROI with a U1 mining Bitcoin but mining a SHA.. Alt and trading/selling you can ROI the same day.

Dont want to clog your thread so ill leave it there, just think there is a good market for lower end tech as well & also not many UK sellers doing it.

Rgds

Marc

Hard to say, Gridseed put prices up just before the holiday and they are absolutely swimming in sales requests so I imagine they will go up again. It will be 100s not 10s though.

[highwave]

I see at least 2 problems with your store:

1. The prices are very expensive (antminer S1 for £1900 EXCLUDING TAX is approx. 4.5BTC) - the antminer S1 will NEVER make ROI with this kind of price.

2. This quote from the OP:

when the machine arrives here we will start it mining and advertise it for sale. It will be mining until you collect it or we post it.

So basically you "testing" the machine = you making profit from a machine I bought until I come and pick it up.

Add on top of that you're a new store.

I'm out.

[nytrolic]

sounds awesome! Just down the road from me, I'll keep an eye on your stock and if anything takes my fancy I'll come on over to get me some new hardware

[studio1one]

I see at least 2 problems with your store:

1. The prices are very expensive (antminer S1 for £1900 EXCLUDING TAX is approx. 4.5BTC) - the antminer S1 will NEVER make ROI with this kind of price.

2. This quote from the OP:

when the machine arrives here we will start it mining and advertise it for sale. It will be mining until you collect it or we post it.

So basically you "testing" the machine = you making profit from a machine I bought until I come and pick it up.

Add on top of that you're a new store.

I'm out.

I appreciate that prices can appear high but for a minute let me just address a couple of things.

First, you pay, you receive your machine that day if you pick up or next day if you want delivery, so there is no time between paying and receiving. If you bought an Ant S1 from China today you would not receive for 2-3 weeks, all that mining time lost.

you would have to pay import VAT as the machine arrived in the country

You get a full VAT invoice with your purchase, from us so actually we only receive £1583 for your machine, and if you are a VAT registered company you can claim that back so you have actually only paid the same. We are not some under the counter fly by night operation we are a legally operating Ltd Company. We are obviously here to make profit but if you do the maths of the full supply chain to in your hand you will see we are being far from greedy

Work it out, reclaim the VAT if you can, no import VAT or duties to pay and 2 weeks extra mining. You will see we are not really any more than the 1.9 BTC you could purchase from abroad, headline price is one thing, actual total costs are another


On the second point, as stated if you pay and want delivery it will be sent the very same day, as soon as you purchase it, the machine is yours. Likewise you come and pick up and pay it is yours as soon as you pay, we are not profiting from a machine you bought because as soon as you pay it is yours, either dispatched or picked up and not mining anymore. We are profiting from a machine you may or may not buy.

The fact is that KNC, Avalon, BFL, everyone mines the machines before they send them out. We are just being up front and honest about the fact we are doing it.

At the end of the day of course it is all about choice. You choose not to buy from us, that's no problem. We are confident that the machines we offer are good value and when taking the full costs and timescales into account represent fair value.

[highwave]

Assuming:

* you have Antminer S1 currently in stock
* bitmain's price stays 1.9BTC on February 8th
* difficulty stays at current level

here's my calculation:


Bitmain

Antminer S1: 1.9BTC
VAT: 0.38BTC
Days of missed mining: 21 -> 21*0.045BTC per day
Shipment: free

Total price = 3.225BTC



Bitcoin Mining Machines

Antminer S1: 3.9BTC
VAT: 0.7BTC
Days of missed mining: 0
Shipment: 0.06BTC

Total price = 4.66BTC



So at almost 1.5BTC more this is not worth it at all IMO.

[studio1one]

We can't compete with offshore retailers, its the same in any industry. Stuff is always cheaper if you buy direct from the Far East, simple economics makes it so. Go on Ebay and buy from a Chinese seller, it's always cheaper. the costs associated with running a business in the UK make it impossible to compete directly with Far East sellers.

On the flip side you get more security and easier resolution to any problems that may occur and if things go really tits up someone to take to trading standards / small claims.

Also not quite sure where you are getting your exchange rates from. If you take the VAT off of the 1900 then the price is 1583. If you take lowest exchange price for BTC then 1 BTC = GBP 476, yesterday 512. Gox currentlyl at 602.

So to be fair take a mean of todays lowest and highest you get 1 BTC = 539.25

That makes our ex VAT price 2.9 BTC not the 3.9 you have written. You are massively misrepresenting our prices here

Anyway at the end of the day to purchase or not is a choice. These are our prices and the lowest we can currently charge. We are not pressuring anyone into buying just putting them out there as an option.

[studio1one]

To be clear our final cost ends up 0.435 BTC more than Bitmain.

OF course we can't sell as cheap as the manufacturer selling directly into retail, it's simply not possible.

I hope where we can add value is by offering local service, support and accountability as a UK company.

To some people that is valuable, to you it may not be.

[highwave]

If £1900 includes the VAT You may want to remove this from your website then as it is misleading:



and i'll go do my calculations again.

[highwave]

Another calc. attempt (it's late and i'm tired)

You: £1583 (antminer) + £317 (VAT) + £30 (Shipment) + £40 (electricity for 21 days) = £1970 or 3.65BTC

Bitmain: £1026 (antminer) + £205 (VAT) + £510 (21 missed days) = £1741 or 3.22BTC


So yes, you are 0.435BTC more expensive than Bitmain - assuming:

1. you have the antminers for sale NOW
2. Bitmain delivers only in 3 weeks and not quicker
3. The difficulty stays the same for the next 3 weeks

Throw in a free PSU and I may be sold.

[studio1one]

Stupid part of the cart theme. I'll remove it, thanks for pointing it out.

And.... after all that. I don't have any here today. No stock till Weds / Thurs at present.

[studio1one]

If £1900 includes the VAT You may want to remove this from your website then as it is misleading:



and i'll go do my calculations again.

Fixed, that part of the cart is for US sales tax, which doesn't exist here so we disabled it. Thanks again for the spot.

[highwave]

You removed it from the antminer product specs page but it's still on the list when you click on "antminer" in the top menu.

btw, can you explain to me the £500 difference between your 200GH/s avalon miner and Mining Hardware's 200GH/s avalon miner ?

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=67_61&product_id=50

http://www.mininghardware.co.uk/en/200ghs-/30-200ghs-bitcoin-miner.html

But not all is bad - at least you are here responding to all our (or my) "annoying" questions. I hope your customer service will be just as good when someone (or myself) will make a purchase.

oh, and keep us updated on those gridseed miners - I'm really waiting to hear some more news about them...

[studio1one]

You removed it from the antminer product specs page but it's still on the list when you click on "antminer" in the top menu.

btw, can you explain to me the £500 difference between your 200GH/s avalon miner and Mining Hardware's 200GH/s avalon miner ?

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=67_61&product_id=50

http://www.mininghardware.co.uk/en/200ghs-/30-200ghs-bitcoin-miner.html

But not all is bad - at least you are here responding to all our (or my) "annoying" questions. I hope your customer service will be just as good when someone (or myself) will make a purchase.

oh, and keep us updated on those gridseed miners - I'm really waiting to hear some more news about them...

Hard for me to speak for them, and really don't want to speak out of turn. As far as I am aware that price is an ex VAT price shipped from China,

Again I could be wrong but that is the impression I get from reading their thread and website. Our goods are all shipped or picked up from UK.

Delivery

Updated:  21/12/2013

All goods are shipped from our head office in China.

It is extremely important to miners that their hardware is received asap.  As a miner myself and the past frustrations I have had to face, I know this is vital.  I have started this additional extension to our main business knowing we can dispatch quickly thus allowing the community to get the best out of the Bitcoin world.

[studio1one]

That ex tax is really annoying, its hidden in the SQL so needs to bemodded by hand, can't be done via admin.

[nytrolic]

Yeah you can do it in the OpenCart admin, it's just a bitch to find - I can't even remember where I turned it off

[studio1one]

Yeah you can do it in the OpenCart admin, it's just a bitch to find - I can't even remember where I turned it off

Oh well, never found it just modded the SQL.

[Ratters]

Hey,

I see other resellers are getting their Gridseed in a couple of weeks, any idea when yours are coming in?

Rgds

Ratters

[studio1one]

Hey,

I see other resellers are getting their Gridseed in a couple of weeks, any idea when yours are coming in?

Rgds

Ratters

No firm date as yet as everyone is closed in China for Spring Holiday. It will be soon after they get back on the 10th though.

[HellDiverUK]

when the machine arrives here we will start it mining and advertise it for sale. It will be mining until you collect it or we post it.

So basically you "testing" the machine = you making profit from a machine I bought until I come and pick it up.

So what do you think all the S1 are doing in China before they're shipped?  Most of them arrive with different IPs, because they've been mining somewhere for a few weeks.

[nytrolic]

Of course they arrive pre-mined, I actually prefer this as it means the hardware has had at least some kind of stress testing. Companies would be silly to not use money making hardware themselves. If I was selling mining machines and could offset some of the initial purchase price, I totally would.

[studio1one]

Avalon miners now in stock for same day pick up / next day delivery. Hashing at 220G at 1400. These are the newer quiet version of these and don't have that horrific jet taking of scream. Have 10 hashing away in the office and it is nice and quiet still in here. No louder than a standard PC.

[nytrolic]

£1400?

I live in Burley in Wharfedale, literally 5 minutes from your office, if they are £1400 I might come get one!

[studio1one]

£1400?

I live in Burley in Wharfedale, literally 5 minutes from your office, if they are £1400 I might come get one!

Wharfe Valley Massive!!

I would be selling at a loss I'm afraid mate, just can't do it.

[nytrolic]

Ahh I guess you meant power consumption by 1400? Thought you'd taken a chainsaw to your prices

[studio1one]

haha, I meant clock speed.

[studio1one]

New batch just in and better prices available

£1750 including a full VAT receipt. Available for next day delivery or collection.

This is the newer quiet version of this machine.

[torchwood-uk]

You can now get the Antminer S1 from bitmaintech for 1.45 BTC which is £656 with about £33.50 import duty to pay, so total cost is £689.50 and if you order now the next batch ships on the 11th Feb and takes around 3 days to be delivered to the UK.

VAT is irrelevant, most of your customers will not VAT registered, these are selling on eBay for £1299 now with next day delivery.

[studio1one]

You can now get the Antminer S1 from bitmaintech for 1.45 BTC which is £656 with about £33.50 import duty to pay, so total cost is £689.50 and if you order now the next batch ships on the 11th Feb and takes around 3 days to be delivered to the UK.

VAT is irrelevant, most of your customers will not VAT registered, these are selling on eBay for £1299 now with next day delivery.

VAT maybe irrelevant to you, unfortunately it's not to HMRC and as a legitimate VAT registered company we have to charge it. Bedroom sellers and others may be happy to dodge HMRC, underdeclare imports and act in a similar manner but we can't. We pay our taxes, offer full warranties and all the other things associated with a proper UK company.

[Kenshin]

Here we are, yet another hardware retailer. We'd like to think we are a little different though.

We have many years experience as an import and retail business, specialising in import from China. We have a good network of suppliers and agents in China who do our quality control for us. We are also keen miners. Obviously it would seem like madness, with so many ASIC now coming out of China to not combine the two for fun and profit.

This is early days and we have only just got the website up and are currently working on it. It's also a terrible time to launch as it is just into Chinese New Year holidays so we are struggling to get hands on stock at present. We have a shipment on its way in from HK at the minute, due in this week. After the holidays finish we will have a regular supply of various hardware and are working on deals with a few different suppliers

You can see them here on DHL

http://www.dhl.co.uk/content/gb/en/express/tracking.shtml?brand=DHL&AWB=6610981226%0D%0A



Here is a little more information about us

Bitcoin Mining Machines is a trading name of Indie Glow limited. We are a retailer of SHA and Scrypt mining hardware. We are aware of how hard it is to get a good reputation in these products due to the amount of poor quality transactions people have experienced with the likes of BFL and out and out scams. Here is our promise to you.

 

1. No Pre orders -- That means that if an item is showing in stock it is here in the UK in our offices. You can come and collect today if you wish. We don't hold stock  'in our China office' or  'with our partners'. We only advertise what is here now.

Our address is
2-4 Millyard
Wharfebank Business Centre
Otley
LS21 3JP

Customers are welcome to drop by anytime and inspect our machines, just let us know you are coming

Any questions happily answered and I will try not to take any flaming too seriously.

 

2. Secure payment options -- You are welcome to pay by Paypal but will need to add the 2.9% fee on for our Paypal charges, we must make an exception to orders collected from our offices, this is bank transfer BTC or cash only but you are welcome to fully inspect the machine hashing before taking it away. The reason we cannot offer Paypal for collections is that we have no proof of delivery if someone makes a not received claim. Sorry but it has to be like that. Other options are BTC via Coinbase, cash on collection or bank transfer. It is our intention to never leave you feeling vulnerable to a scam

 

3. Shipping same day for all orders before 1PM. Our shipping cost to Mainland UK is 29.99 per machine for Avalon and Antminer, will be less for Gridseed. I know it's expensive but these are heavy. This does not include shipping insurance, you can add on shipping insurance if you wish but if you choose not to take it we cannot accept responsibility for damage in transit once the item has left our office. To be honest we prefer you to come and collect if possible, that way we can show you your machine hashing and running stable

 

4. We are upfront about this, when the machine arrives here we will start it mining and advertise it for sale. It will be mining until you collect it or we post it. If the machine does not mine stably or is running slow, it will not be sold. Every machine you buy will be running exactly as it should.

 

5. Help and support. We will support and help you getting your machine running and trouble shooting any issues that may arise. Happy to do this via phone, instant messaging, team viewer or whatever else. We will get you mining.

My name is Dean Hannan and I am a director of this and other companies, you are welcome to check me out on the web, I will appear as a director of several companies, some of which are registered to the address above.

Any forum member interested in hardware can come and have a look anytime.

Good luck to your business. I have read your term and condition, and other policy. Your company seems to be doing things the right way which comply to the UK trading standard and consumer regulation.

I hope you take away all the customer of MiningHardware.co.uk

[waveyuk]

I'm just up the road in Skipton, will probably come and grab some gridseed when they arrive.

[studio1one]

I'm just up the road in Skipton, will probably come and grab some gridseed when they arrive.

hoping for back end of next week.

[nytrolic]

How much will the gridseeds be for a pack of 10 mate?

[studio1one]

no confirmed pricing yet. They only got back to work today inChina and wouldn't confirmpost holiday priding before they went. Will have an update in a day or 2 of delivery date and pricing.

[studio1one]

new stock and post New Year prices. Still no Gridseed in stock yet though

Avalon £1350 Inc VAT

Ant £1100 inc VAT


This is as cheap as we can go at present, margins are tiny and you get local support and pick up same day / delivery next day.

[studio1one]

Gridseed now on order and prices confirmed. Please see group buy

https://bitcointalk.org/index.php?topic=468963.0

[crocko]

Hello !
Your offer for 10 x Gridseed Dual ASIC  (http://bitcoinminingmachines.co.uk//index.php?route=product/product&product_id=53) include the accessories too ?
By accessories  I mean wires, PSU, controlers, USB hub etc

[studio1one]

Hello !
Your offer for 10 x Gridseed Dual ASIC  (http://bitcoinminingmachines.co.uk//index.php?route=product/product&product_id=53) include the accessories too ?
By accessories  I mean wires, PSU, controlers, USB hub etc

nope, just the miners.

[mac-coin]

Hi

Are these in stock at the moment.  If not when will they be available ?

Thanks

[studio1one]

Hi

Are these in stock at the moment.  If not when will they be available ?

Thanks

We are expecting Gridseed to dispatch any day now, hoping today. It will take a while though from there as they need to send into mainland China to our agent then our agent needs to send to us. Hoping to have them here end of the week if there are no hiccups.

[kryptokeeper]

Can you confirm that these are definitely in stock?

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=65&product_id=52

I actually only live a couple of miles from your offices so I may pop down to pick one up if that's possible!

Cheers.

[studio1one]

Can you confirm that these are definitely in stock?

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=65&product_id=52

I actually only live a couple of miles from your offices so I may pop down to pick one up if that's possible!

Cheers.

Sold out I'm afraid, please read group buy thread.

[add1ct3dd]

When do you plan to get more in?

[studio1one]

When do you plan to get more in?

This week

[add1ct3dd]

When do you plan to get more in?

This week

Ok ty



Just heard of someone take delivery of them, but there's no power connectors?

These are standard items with the gridseed's so how come they're not included?

[studio1one]

When do you plan to get more in?

This week

Ok ty



Just heard of someone take delivery of them, but there's no power connectors?

These are standard items with the gridseed's so how come they're not included?

Gridseed do not include any accessories at all with the miners.They literally only ship miners and nothing else.

[Kivela]

Dean,

Can you please take a look at order #245 ?
I wire transferred the payment on the 9th of March in euro yet order is still 'pending' instead of a status change to 'payment received'.

Tx.

[studio1one]

Dean,

Can you please take a look at order #245 ?
I wire transferred the payment on the 9th of March in euro yet order is still 'pending' instead of a status change to 'payment received'.

Tx.

hang on will have a look now

[studio1one]

Dean,

Can you please take a look at order #245 ?
I wire transferred the payment on the 9th of March in euro yet order is still 'pending' instead of a status change to 'payment received'.

Tx.

no order status of 245 is completed and printed, that means payment is received and shipping label has been printed.

[Kivela]

Hi,

Thanks for your swift update and reply !

[studio1one]

Dragon Miners now available

1 Terrahash for 2100 GBP

We have bought 10 of these and have them with our agent in China who does all our Gridseed shipping for us.

Delivery to you in a week of purchase.

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=73&product_id=61

Shipping direct from our agent in China within 2 days of purchase.

Want to know if you can trust us?

read our group buys.

https://bitcointalk.org/index.php?topic=500002.0

https://bitcointalk.org/index.php?topic=468963.0

[faxfan2002]

Regarding the 1TH/s Dragon - the price is 2100GBP plus a delivery charge. What about VAT and import charges, are these extras? If so what is the dragon declared as (in terms of value)?

[studio1one]

Regarding the 1TH/s Dragon - the price is 2100GBP plus a delivery charge. What about VAT and import charges, are these extras? If so what is the dragon declared as (in terms of value)?

Yes, plus delivery charge and there will be import duties. Responded to your PM

[dogie]

Couldyourdomainnamehavebeenanylonger? :p

[studio1one]

Couldyourdomainnamehavebeenanylonger? :p

yes.

[Ratters]

Hi,

Im looking to get an Antminer S1,  General prices are hovering around .8B but on your site they are 4.2B

Your Gridseed prices are great, any chance you are going to ajust the Ant price in the near future, if so I'll pick one up.

Rgds

Ratters

[studio1one]

Hi,

Im looking to get an Antminer S1,  General prices are hovering around .8B but on your site they are 4.2B

Your Gridseed prices are great, any chance you are going to ajust the Ant price in the near future, if so I'll pick one up.

Rgds

Ratters

I need to get rid actually, we're not doing them anymore. They are just kind of hanging around on the site from when we were doing them back in Jan.

[Ratters]

Thats a shame, i was looking for one in the UK.

Not to worry, Thanks for getting back to me.