This is a group buy for the March 18th batch of 1TH miners.  They are selling out silly fast, so we may have to close this early if they run out.  (~60 left)

Pricing:
1-3 units, $4200 each (~6.77BTC)
4-10 units $4000 each (~6.45BTC)
>10 units, PM me.

BTC and Wire Transfer Accepted.  Paypal is on a case-by-case basis; send a PM.

We will accept payment in BTC or Wire Transfer.  For BTC, we will use the Bitstamp or Coinbase exchange rates.  The vendor only accepts fiat payment, so payments need to be sent by Tues March 12th at Midnight EST.  Sorry, no escrow.  They won't ship without money in hand, and we don't have the cash to float.  If you have concerns, contact us and we'll do what we can to establish some credibility.

Shipping:
DHL International Shipping is included.  Package will be shipped from vendor directly to you.  You are responsible for any import fees.  Shipments from the March 18th batch are expected to be delivered around March 25th or 26th.

Specifications:
Power consumption: 960W from the wall
Size: 48cm * 31cm * 35cm
Total weight: 21kg
Temperature: operating temperature does not exceed 35 degrees
Noise: Less than 45dB
Fan Size: 3x 12cm fans
Power Supply: 2x 650W OR 1x 1000W
Chip Number: 40x 28nm chips across 5 hashing modules
Actual mining pools speed: >= 1000GHs
Package includes: Mining Machine, Power Cord, Manual, Network Cable

Warranty and DOA:
6 month warranty.  We'll keep spare parts on hand for repairs.

Who am I and why should you trust me?
Personally, I'm a nobody; I'd be willing to send documents to a reputable community member for verification.  My business partner has an excellent track record in merchandise sales.  He recently sold one of these units on ebay for $7200; you can check his feedback there.

http://www.ebay.com/itm/BITCOIN-MINER-1TH-MINING-RIG-1TH-S-COINCRAFT-A1-28NM-ASIC-CHIP-1000GH-S-/310880749188?ssPageName=ADME:X:AAQ:US:1123

Refunds:
If we have not already sent the money to the vendor, and you request a refund, we will provide the refund in the amount and currency payment was made: fiat to fiat, bitcoin to bitcoin.  Once the money is sent to the vendor, it is out of our hands.

Ordering Process:
Indicate interest here and/or in a PM.  We'll contact you with a bitcoin payment address or wire transfer details.

More Pictures:

HUMMMM me likes...

How is it it takes 7 days to ship?

Ants comes in 3 max

Thanks

I can't rationalize the purchase of mining equipment for you; that's your responsibility. We're offering access to the equipment at the best prices we can negotiate. We didn't attempt to over clock the device, and sold our previous unit in the eBay listing linked above. Our next units will arrive with this batch.

Shipping estimate is a hedge. All sorts of things can go wrong with shipping, so I estimated high. I would not be surprised to see 3 day deliveries, but I'm setting the expectations safely.

I forgot to say, all import duties and taxes are included and will be prepaid (as well as the export tax) in the price for USA and Canada  - other Countries may or may not receive additional brokerage fees, VAT, or duties from their government which they will be responsible for.

Thanks,
Newb

Not to go off topic here, but USA does not have import duties but there is sometimes a customs broker fee which is paid by the sender (included) and Canada almost ALWAYS has a broker fee that usually comes due as a COD charge when the package is delivered by UPS or DHL and FedEx it is later sent by invoice after the delivery. I was just saying that we will be covering any and all import duties, broker fees, shipping costs, handling costs, etc... for USA and Canada

This batch of miners is running out fast, there are only 1400 in the March 18 batch of which about 1100 are already sold, we will have to close the buy when they are all sold out. The next batch will be more expensive, because the March 18 is a special promotionary price...... Thats why we closed the March 10 group buy and created this one so we could all get the lower price.

Good to know, bobsag3.  Thanks.

Also, we're willing to be flexible on customs invoice, although we will not be held responsible if customs makes a stink on your end.

I honestly don't know; we did not disassemble our unit.  All the details seem to indicate Coincraft A1 chips, or something that performs similarly.  (28nm, 40 chips delivering 1Th at under 1W per GH).  As mentioned in the other thread, "It hashed at the advertised speeds in an environment with only moderate climate control for a week with no issues.  If you have concerns about the chip source, then I'd recommend careful consideration.  I'm not interest in providing products people are unhappy with."

You've said this before. Are you selling antminers?

I agree that mining equipment is highly speculative, and everyone should be comfortable with their purchases, and understand the risks.

That said, I'd expected a slightly more enthusiastic turnout than the few inquiries I've received so far, especially after the recent price drop.  The units are selling out, but not here. Is there something I'm missing?

Thanks for the feedback.

Yes, we are playing middleman, same as every other group buy initiator.  We are doing more than taking orders, however.

There are other considerations if you want to order this unit directly from the manufacturer.  There is a 20% price increase that the manufacturer is placing on all sales outside of China, as well as shipping from China, and clearing export customs.  We have an established presence in China, and an agent who is handling this for us.  We're taking care of the 20%, covering the shipping, and managing the export process.  Participants in this group buy make a payment and receive a miner; the rest is our problem.

I have yet to have anyone ask for credentials and vetting.  I will gladly provide these if anyone is interested.  Send a PM, and we'll make arrangements.

Most of the potential problems you listed are a potential problem with every group, yet other group buys have gained traction.  You do bring up a good point about DOA; I'll verify how that will be handled and post an update.