Topic: . - page 2. (Read 2594 times)

Great

sent 2.33 btc  for 2 x 2016 V Series, One Bitcoin, with Red Leatherette Etui + 20$ shipping

Thanks!

Whats the total for one shipping and everything?

so is this one finalized yet?

Im probably in for one.  Let me know when you need the btc

Is this group buy still ongoing?

I will let you know when I get it.   Was hoping for a coupon code for the 5x5 set first. 

I wonder if the 5x5 is in fact a complete Block. That's actually a very cool idea.

You own a complete mined Block. All coins from it in your set. Thats cool, then of course a true 25BTC Coin where the entire block is stored, again, very cool


BTW Bobby

I just bought another BTCC Titanium, this time in Red Case. Have added a little message request directly to you

Very Kewl.  Completely understandable regarding the premium.  I believe Casascius premium was about the same at the time.  The only think that would make it a terrible investment is if the price was lowered or your started accepting currency for purchases.

Wondering if the announcement is going to be a 1 Block coin.

Also, wondering if there is a 5 coin set coupon code. - HINT!


Well, there are people that are reselling them now, but you're not going to find them at 1.1BTC
Keep in mind that there are shipping costs, import costs, double shipping to get them to the USA, etc.
One was just auctioned in the USA which landed at a price of 1.33BTC + shipping.


I don't see where they made a bad justification.
10% for a 1BTC coin
20% for a 5BTC coin
20% for a 2x 5BTC coin set
28% for a 5x 5BTC coin set

Getting higher instead of lower.... Well, it's not Costco pricing method.   Gonna be harder to sell the bigger coins though.  Gotta admit, the premium increase is holding me back as well

Hi everyone,

I want to take this opportunity to address the questions about pricing of BTCC Mint physical bitcoins. 

Pricing is always a sensitive topic.  Make it too cheap, and the business can lose money and risk being shuttered.
Make it too expensive, and people always complain.  In fact, nothing in this world is ever cheap enough, as there will always be people who complain about price.

However, rather than rant on, let me give you all a different perspective about how we see our products and chose this pricing strategy:

1) We are selling a premium product.  Premium products command a premium pricing: special features, and limited quantities.

2) In a very important sense, this is not like any other physical bitcoin:  The bitcoins loaded in the BTCC Mint V Series coins are all freshly mined from the blockchain block reward, all in the current year.  For all of the other physical bitcoins out there, they're practically unlimited, as there are already over 15 million bitcoins in existence and any of those can be used to load the coin.  The other physical bitcoins out there can literally have an issuance in the millions, it's just a matter of sending some existing bitcoins into the address of the private key beneath the sticker.

For BTCC Mint, we are giving you allocation of a limited resource: fresh bitcoins mined from the BTCC Pool.  We only mine so much every day and every month.  In fact, after the block halving, the amount available even goes down further.  This is why the premium charged for the Five Bitcoin is not the same as the premium charged for the One Bitcoin.  Selling you the Five Bitcoin is effectively costing us the resources (newly mined bitcoin) of selling you 5 of the One Bitcoins.  For that reason, we charge more premium even though we still sell you a single physical coin. 

Every V Series physical bitcoin we sell is from a limited resource: newly mined bitcoins from the blockchain block reward.  In fact, even if BTCC Mint business becomes very successful in the future, there's a real limit on how long we can keep selling these coins.  For the Five Bitcoin, we can at most sell them for the next 8 years, at which time the block reward would come down to 3.125 bitcoins each.  After that, it will be impossible to mine 5 bitcoins into a single Five Bitcoin coin.  For the One Bitcoin, that will have a maximum production lifespan of another 16 years. (This is also why there's a not-too-artificial limit of 21 of the 5-piece Five Bitcoin set, as after the block halving, we won't be able to create any 5-piece sets that are all from the same block reward. That's it; no more!)

BTCC Mint is selling you a very limited, premium physical bitcoin, made of really special pure Titanium, containing a rare and limited supply of freshly mined bitcoins.  Going forward after the block halving, we will only see 1,800 BTC mined per day, and that comes to less than 700,000 bitcoins a year in total supply of freshly mined bitcoins.  Of course, the vast majority of that won't be used for physical bitcoins, we understand that.  Most importantly, we are selling you a premium allocation of newly mined bitcoins.  We are not just selling you random bitcoins, in a private key on a sticker stuck to a piece of metal, precious or not. 

Hope this gives everyone some more insights into the V Series coins from BTCC Mint.  I hope I've properly explain to you why our pricing method is based on the amount of mined bitcoins in the coin, and not merely charging a service fee or manufacturing overhead on the coin production.

Thank you for your understanding, and I'm happy to receive your further feedback, comments, and suggestions.

As a bonus for the few of you who get to read this: 
We will announce a new offering from BTCC Mint in about 10 days.  Stay tuned! 

thanks,
Bobby

I think i want one, wish they still offered without a box (i know its only .05) but...

Hi, Is anyone watching going to enter this new buy? I would like to again, if so. Thanks!

Yes, I agree. I think it's more likely that they were all minted at the same time, just released in small batches.

I think I'll consider them all of the same (1st) series.

Regards,
Chris

I was planning on buying one but their justification for the 1 BTC premium turned me off.

Yeah but their pricing model doesnt make sense. .15btc fee for 1btc, 1btc fee for 5btc and 7btc fee for 5 coin 5 set?  So would the fee for a 10btc be even greater.....same coin (basically) same material...im still trying to convince myself to buy one of these and not another cas coin....

Their answer about the 1 BTC premium was pretty straight forward:


They like profit 

That's possible. I still like their 1BTC price. 1.15 BTC for a loaded coin + a leather case is pretty cheap .

Ah, thank you.

Regards,
Me

The new batch of 1 BTC coins haven't been minted yet. I received an email from BTCC saying the following:

So, then... I guess that if the coins were all minted at the same time (which is highly probable), then I'd consider them all of the same (first) series.

Thanks, wheelz.

Regards,
Me

You can look at anducks tracker and see when each coin was loaded.  Dont know if you know the addy of the coin you buy until you recieve it though.  They are incrementally funding these (not all on the same day)

Edit: i believe these are all "v" series or their first series of coins.  Think in the forum bobby explained that the v series will be complete ir done once halving arrives.  So about another 3 weeks or so of minting these