Bitmain Points ( A new feature, What is it) ?

[mikeywith]

This topic will be for discussion on the new "My Points" thing Bitmain has released.



It says

Bitmain points are calculated based on the history purchase amount after oct 29 2019. As for specific usage rules, please wait for further notifications.

Can everyone check their accounts and see if the "my points" appears under "my account" tab? and what do you think that will be? some special discount after reaching x number of points?

[philipma1957]

I will check my page asap.

My Balance
$0.00

My Points
 43

My Coupon
0

Unpaid order: 1
view >

Uncollected repair ticket: 0
view >

Unshipped order: 0
view >

Unpaid repair order: 0
view >

Well if I were bitmain and I was going to try to sell a pre order of 5nm untested gear I would do a promo to my loyal customers .  So my guess these points will discount a 5nm preorder item.

[mikeywith]

... my guess these points will discount a 5nm preorder item.

I have not thought of such a thing, but honestly makes a lot of sense now that you mentioned it. Since it costs nothing to dream, I would like to think of it as 1 point = 1 Terahash free of charge.  

Anyway, let's try to keep this thread updated, I am trying to collect information regarding this matter from my Chinese friends, so far nobody seems to know anything about it, however, they usually get the news beforehand.

[PopoJeff]

$1339.52
My Balance

20
My Points
 
Bitmain points are calculated based on the history purchase amount after Oct 29 2019. As for the specific usage rules, please wait for further notifictaion.

OF Course...... AFTER 10-29-19.... when the bulk of my orders were a few months prior.

[philipma1957]

I did 11,000 in purchases

7,000  august to nov 1

4,400 nov 1 to now.

I have room for more gear and I am looking to add a s17pro to the mix.

would really like a s17pro  and a s19pro 5nm (i can dream).

[mgoz]

0 points. Last order 2019-09-19 which took until 2019-12-06 to receive 

[adamjamal]

I have 18 points, as for the new miners will be 5nm what is the main difference between them and the current miners

[mikeywith]

I have 18 points, as for the new miners will be 5nm what is the main difference between them and the current miners

Well obviously they will be more efficienct (more hashrate for the same power consumption / same hashrate for less power) and of course more expensive and probably less durable judging by S9 vs S11 vs 15 vs S17.

[Artemis3]

So Bitmain is finally going to put an end to the resale discount coupon market? By switching to "points" (like flying miles) and tie them to each customer account, they don't need to bother with the coupons anymore.

Given the blatant resale of coupons (even on Bitmain's official social media) its surprising they took so long, or maybe they didn't care or condone it?

Anyway coupon re-sellers will be sad. I thought for a moment they were going to issue a token too

[mikeywith]

So Bitmain is finally going to put an end to the resale discount coupon market? By switching to "points" (like flying miles) and tie them to each customer account, they don't need to bother with the coupons anymore...

I highly doubt that. What makes you think that Bitmain is actually worried/upset about the resale of coupons? I highly doubt this, first of all, they could simply disable the "Donate" button, takes a second to implement, there is no need for an alternative, the second and more important reason is the fact that it does not matter if I use the coupon or give/sell it to you, from Bitmain's perspective it's $$ coming in, it does not matter who brings it.

... I thought for a moment they were going to issue a token too

Don't they have one already called BCH?  

[favebook]

So my guess these points will discount a 5nm preorder item.

This would be awesome, but it is highly unlikely, in my humble opinion, they will probably be used as a way to differentiate new users from their loyal ones, for example, they would give benefits to loyal ones like PayPal option or more crypto options to pay. Or they could implement a system where you can use a few points and have your unit(s) shipped before anyone else (if no1 else uses more points than you) no matter when you order (as long as it is in same batch).

Or they will simply think of something none of us have even thought about. But I have a few more theories.

EDIT: Oh yeah, I forgot to mention that I have 28 points and since Oct 29.2019. I have spent around 4700 USD (w/o shipping) on their website.

[philipma1957]

Yeah  let me have paypal again.  Me and my partners ordered 11+25= 36k in paypal  mostly  s17pros

It is nice to actually have a warranty on gear you can enforce vs the warranty bitmain gives to purchasers that used BTC.

I have a possible investor of 400,000  He would feel happier if we buy with paypal vs BTC or bank drafts.

[favebook]

Yo, imagine if you could use your points for extended warranty for your miners...  

Also, yeah, I agree, PayPal would attract so many buyers... But I understand why they disabled it.

[philipma1957]

Yeah  a lot of people will misuse paypal mine until april and claim gear failure.

All the gear we ordered about 35000 worth  the final payments are due May or June.

We can make claims up until those dates.  So bitmain and paypal  year round to everyone will never happen.  But bitmain giving paypal to a buyer like me

(7 years of purchases more then 250,000 usd worth of gear)  never returned gear for an rma.  May be doable.

Well hoping it is a good program  as my hoster has 79 points I have 43 points buysolar has 32 points.

We may get a box from them the

20 foot Antbox N5 SE
https://shop.bitmain.com/product/detail?pid=00020191206161128216gauxn60M06C7


BTW  anyone have this item I would love to look at it. Before I buy one.

[mikeywith]

EDIT: Oh yeah, I forgot to mention that I have 28 points and since Oct 29.2019. I have spent around 4700 USD (w/o shipping) on their website.

I have been trying to crack this point system, or at least how are they calculated, so far no luck, I got 67 points and total purchase since Oct 30.2019 is $6372 without shipping and $6845 with shipping, I have used coupons on all of those orders.


67 points for 6372 = 0.01 points for every dollar

yours is 28 / 4700 = 0.0059 points for every dollar

That way of calculation does not make any sense, I will try to collect more data in order to come with a better understanding of how were those points distributed, would appreciate other people's inputs, the larger the sample the more accurate the results, I hope it has nothing to do with the type of gear you bought because that will be a lot more difficult to figure out.

[wndsnb]

I've purchased $10962 since Oct 30 and have 101 points. So pretty close to 1 point per $100 spent.

They could just be using them to track long term loyalty. So maybe they'll offer early access to batches if your points are higher than some number, like perks on airlines for frequent flyers.

[philipma1957]

I've purchased $10962 since Oct 30 and have 101 points. So pretty close to 1 point per $100 spent.

They could just be using them to track long term loyalty. So maybe they'll offer early access to batches if your points are higher than some number, like perks on airlines for frequent flyers.

yeah seems to be 1 point per 💯.  that is close to the 43 in my account and the 79 is close to the 8000 spent by my hoster.   i also think buysolar spent about 3500 and has 33 points.

[favebook]

Odd...
So if everyone is close to 1 point per 100$ spent, why am I closer to 0.5 per 100$ spent.

I will contact them to ask about that, and I'll try to extract all the info about those points from their customer support.

[philipma1957]

Odd...
So if everyone is close to 1 point per 100$ spent, why am I closer to 0.5 per 100$ spent.

I will contact them to ask about that, and I'll try to extract all the info about those points from their customer support.

Did you count  pre coupon price?

Did you count pre credit price?

Did you count actual cash/btc/coin/paypal  laid out?

Do you have outstanding credit balance.

my 4400 spent is after credits after coupons and does not include shipping.

If you count credits 1100 and shipping 400 and coupons 600

I add to 6500 and 43 points.

[favebook]

I only counted price paid (before coupons) from emails which noted "product shipped".
I never used credits on orders.
I did not count actual BTC laid out, I only counted $ equivalent that I spent.
I do not have any credit balance and all units have been shipped.
They returned me around 800$ of credit if I remember correctly, but that is till nowhere near 1 point per 100$ as (4700-800)/28 is still around 0.007.
If I shipping and coupons, I will be a hell of a less then 0.4 points per 100$.