CryptoBoreas - Canadian Bitcoin Mining Hosting (CLOSING DOWN!!)

[allinvain]

It has been a long time since I updated this thread, but I have some good news to announce. Site #2 is 3 weeks from being fully operational. Because site #2 gives us access to much cheaper power our hosting fees will down as well. I think you will all like the price. When you take into consideration the current low value of the Canadian Dollar our hosting fees will be cheaper than anyone currently has on offer in the United States or pretty much anywhere around the world. I'll update the thread once the site goes live.

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[allinvain]

I have an update with the price per 1kwH/month...and it shall be $75 CAD + tax (you only pay tax if you're a Canadian resident)

Edit price.

[squall1066]

I have an update with the price per 1kwH/month...and it shall be $70 CAD + tax (you only pay tax if you're a Canadian resident)

do you run KYC (know your customer) procedure? I am in the UK and all ways looking for cheep ways to run miners.

The cost of shipping one to you would be more than I would ever get back, Do you have access to anyone selling units near you so I could just pay and forget type deal?

[allinvain]

I have an update with the price per 1kwH/month...and it shall be $70 CAD + tax (you only pay tax if you're a Canadian resident)

do you run KYC (know your customer) procedure? I am in the UK and all ways looking for cheep ways to run miners.

The cost of shipping one to you would be more than I would ever get back, Do you have access to anyone selling units near you so I could just pay and forget type deal?

No, at this time we do not have any KYC procedures as I do not think they are necessary based on our business model - we do not hold customer funds nor do we exchange or move money.

Ideally you'd want to buy gear from either Canada, United States or China (directly from bitmain, etc) and have it shipped to our data center. We do not know of any storefront around us that is selling miners. I'd suggest just scouting the for sale section of this forum.

[squall1066]

I have an update with the price per 1kwH/month...and it shall be $70 CAD + tax (you only pay tax if you're a Canadian resident)

do you run KYC (know your customer) procedure? I am in the UK and all ways looking for cheep ways to run miners.

The cost of shipping one to you would be more than I would ever get back, Do you have access to anyone selling units near you so I could just pay and forget type deal?

No, at this time we do not have any KYC procedures as I do not think they are necessary based on our business model - we do not hold customer funds nor do we exchange or move money.

Ideally you'd want to buy gear from either Canada, United States or China (directly from bitmain, etc) and have it shipped to our data center. We do not know of any storefront around us that is selling miners. I'd suggest just scouting the for sale section of this forum.

Thanks for the answer, do you have to pay import duties if anywhere outside Canada tho?

[jokerboy]

What if we exceed the kwh limit ?

[allinvain]

I have an update with the price per 1kwH/month...and it shall be $70 CAD + tax (you only pay tax if you're a Canadian resident)

do you run KYC (know your customer) procedure? I am in the UK and all ways looking for cheep ways to run miners.

The cost of shipping one to you would be more than I would ever get back, Do you have access to anyone selling units near you so I could just pay and forget type deal?

No, at this time we do not have any KYC procedures as I do not think they are necessary based on our business model - we do not hold customer funds nor do we exchange or move money.

Ideally you'd want to buy gear from either Canada, United States or China (directly from bitmain, etc) and have it shipped to our data center. We do not know of any storefront around us that is selling miners. I'd suggest just scouting the for sale section of this forum.

Thanks for the answer, do you have to pay import duties if anywhere outside Canada tho?

Sadly yes, unless you buy the miners/good from a Canadian (ie local) source. We can help you reduce the import fees by having the item(s) shipped to our business name making it a commercial import and thus you'd have to pay just the GST (government sales tax) (which I believe is 5%). Hey, at least there is no 23%+ VAT like in the EU

[allinvain]

What if we exceed the kwh limit ?

Not possible as there isn't a limit. You only pay for what your miner consumes based on a metering of 1000 watts/h/month. What this means is 1000 watts non-stop consumption for a period of a month. Naturally if your miner say consumes 1500 watts, the rate would be 1.5 x $70. So the total rate you pay depends on your miner's power consumption. I hope I am making myself clear.

[jokerboy]

What if we exceed the kwh limit ?

Not possible as there isn't a limit. You only pay for what your miner consumes based on a metering of 1000 watts/h/month. What this means is 1000 watts non-stop consumption for a period of a month. Naturally if your miner say consumes 1500 watts, the rate would be 1.5 x $70. So the total rate you pay depends on your miner's power consumption. I hope I am making myself clear.

Yes, I get it. Thank you, I will think about it.

[allinvain]

I have good news everyone. We've finally completed our new data center and we just got power hooked up a few days ago and thus are fully ready to accept your miners.

Price per 1 kwH/month is $75 CAD.
You can rent a 1200 watt DPS-1200FB server PSU for an additional $4 a month if you don't have PSUs of your own to send.

We accept every kind of miner.

We have two kinds of shipping options. You can either send your gear to Toronto or Labrador. We make regular trips every 15 days between Toronto and Labrador so if you want to send your gear to Toronto you can do that and we'll drive the gear up to the data center.

PM me if you're interested in hosting with us.

[squall1066]

Great news, now I just need a miner, all the sales threads for those in Canada, your the first one to answer 

let me know if you can help me out with a unit or two 

[allinvain]

Great news, now I just need a miner, all the sales threads for those in Canada, your the first one to answer 

let me know if you can help me out with a unit or two 

lool, well I try to find a few good deals here and there where I can get them. Now that we have cheap power it makes sense to pickup a few miners if the price is right. There are still some sales from Canadian miners I think. There is one guy in Sudbury who is selling S5s for $340 US I think. Heck if you bought some you can have them mailed to our Toronto shipping address and we'll drive them up to Labrador.

Another option is to buy from US sellers on the East coast. Shipping from the North East to Labrador should be reasonably priced.

We don't really have any worthwhile gear for sale yet. We are thinking of buying bulk gear and offering cloud mining or actual miners for sale but we're not at that growth stage yet.

[squall1066]

Great news, now I just need a miner, all the sales threads for those in Canada, your the first one to answer 

let me know if you can help me out with a unit or two 

lool, well I try to find a few good deals here and there where I can get them. Now that we have cheap power it makes sense to pickup a few miners if the price is right. There are still some sales from Canadian miners I think. There is one guy in Sudbury who is selling S5s for $340 US I think. Heck if you bought some you can have them mailed to our Toronto shipping address and we'll drive them up to Labrador.

Another option is to buy from US sellers on the East coast. Shipping from the North East to Labrador should be reasonably priced.

We don't really have any worthwhile gear for sale yet. We are thinking of buying bulk gear and offering cloud mining or actual miners for sale but we're not at that growth stage yet.

Just an open question I think should be shared, As I am a non-Canadian resident, would I have to prove it for your records?
I would like to pay paypal if possible, this is a varified UK account if that helps.

Basically asking if your KYC?

best.

[allinvain]

Great news, now I just need a miner, all the sales threads for those in Canada, your the first one to answer 

let me know if you can help me out with a unit or two 

lool, well I try to find a few good deals here and there where I can get them. Now that we have cheap power it makes sense to pickup a few miners if the price is right. There are still some sales from Canadian miners I think. There is one guy in Sudbury who is selling S5s for $340 US I think. Heck if you bought some you can have them mailed to our Toronto shipping address and we'll drive them up to Labrador.

Another option is to buy from US sellers on the East coast. Shipping from the North East to Labrador should be reasonably priced.

We don't really have any worthwhile gear for sale yet. We are thinking of buying bulk gear and offering cloud mining or actual miners for sale but we're not at that growth stage yet.

Just an open question I think should be shared, As I am a non-Canadian resident, would I have to prove it for your records?
I would like to pay paypal if possible, this is a varified UK account if that helps.

Basically asking if your KYC?

best.

Sorry it seems I missed your reply for some reason.

Well, we ask for your name and address but we don't ask you for any proof of ID or blood samples, or anything else extravagant.

Hmm, we'll see what we can do about the paypal situation. Paypal is sadly too expensive but if you insist on paying with it we might be able to make an exception just for you but we would have to charge you the additional 2.9% paypal fees.

[allinvain]

Update: just a quick post (should've made this a lot earlier) to let you all know that we now have a modest web presence

http://www.cryptoboreas.com

[spiccioli]

Hi allinvain,

in your OP you say that

Update: Hosting fee will be $75 CAD + tax per month (per 1kWH) (Only Canadian residents pay tax)

Now, I'm always looking around for a good hosting site and Canada seems to have attractive prices, but since I'm not a Canadian citizen I'm try to ascertain this thing about taxes and foreigners.

I've read most of this:

http://www.cra-arc.gc.ca/E/pub/gp/rc4027/rc4027-13e.pdf

without finding a clear exemption (btw, I'm not a lawyer nor an accountant) and I've also been told that there is no provision inside Canadian Law  (Excise or Income tax) that exempts foreigners from paying VAT/HST.

Do you have a direct reference to some law or whatever?

I'd like not to find out one day that the Canadian Government is looking for me...

Thanks.

spiccioli

[allinvain]

Hi allinvain,

in your OP you say that

Update: Hosting fee will be $75 CAD + tax per month (per 1kWH) (Only Canadian residents pay tax)

Now, I'm always looking around for a good hosting site and Canada seems to have attractive prices, but since I'm not a Canadian citizen I'm try to ascertain this thing about taxes and foreigners.

I've read most of this:

http://www.cra-arc.gc.ca/E/pub/gp/rc4027/rc4027-13e.pdf

without finding a clear exemption (btw, I'm not a lawyer nor an accountant) and I've also been told that there is no provision inside Canadian Law  (Excise or Income tax) that exempts foreigners from paying VAT/HST.

Do you have a direct reference to some law or whatever?

I'd like not to find out one day that the Canadian Government is looking for me...

Thanks.

spiccioli

http://www.canadabusiness.ca/eng/page/2651/

"If you sell goods and services to international customers, you are not required to collect GST/HST or PST, provided they take delivery of the goods or services outside of Canada"

http://www.cra-arc.gc.ca/E/pub/gm/b-090/b-090-e.html

"A supply of intangible personal property or a service made in Canada, including supplies made by electronic means, may be relieved of tax under the export provisions of the Act that zero-rate certain supplies of intangible personal property and services made in Canada to a non-resident person."

I will double check again with my friend and do some more research.

[spiccioli]

http://www.canadabusiness.ca/eng/page/2651/

"If you sell goods and services to international customers, you are not required to collect GST/HST or PST, provided they take delivery of the goods or services outside of Canada"

http://www.cra-arc.gc.ca/E/pub/gm/b-090/b-090-e.html

"A supply of intangible personal property or a service made in Canada, including supplies made by electronic means, may be relieved of tax under the export provisions of the Act that zero-rate certain supplies of intangible personal property and services made in Canada to a non-resident person."

I will double check again with my friend and do some more research.

Your first quote seems not to apply here, I don't take delivery outside of Canada of the electricity I'm using inside Canada when hosting there.

If I'm hosting a server and not a miner, do I need to pay HST?

The second one is less clear to me and probably needs to be checked with an accountant.

Thanks a lot.

spiccioli

[GreatNorthData]

Our take on the tax issue in Canada is that the service provider is inherently providing a service within Canada. If the CRA showed up and saw the computers and equipment physically in Canada, they'd declare HST applicable for the service of hosting them. You could try to explain the blockchain, but that would be in the form of a tax appeal through federal court, which would mean hiring a tax specialist lawyer.  While you wait for that process to take a couple of years, they come after you and your clients for back taxes.

I think you're confusing the service you provide with taxation of mining itself. Mining itself can be revenue or a security, and foreigners would be governed by our plethora of tax treaties (with every western country, the Americas, Israel and much of the rest of the world) generally allowing securities and revenue to be taxed in place of residence or transaction. We would always encourage people to speak with their accountant.

[allinvain]

Upon further consideration we've decided to include the tax in the price. So both foreign and domestic clients will now pay the same price.

So from now on it's $75 CAD - taxes included.

Thank you guys for your input.