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Topic: A4 Dominator - Pre-Order Group Buy - 280mh, roughly 1000w, $1800 + shipping - page 76. (Read 122571 times)

hero member
Activity: 868
Merit: 517
Yes, my bank transfer states the wire transfer won't clear on their end until the 18th.  So that is a crazy long time for a wire transfer to clear.  Not sure what the holdup is to transfer money like this, but I hope they decide to do this differently going forward.  This wire transfer mess is crazy! 

So once you send the funds, you send them a copy of your transaction slip and then she will invoice you once the funds clear.
legendary
Activity: 801
Merit: 1000
Inno is super duper real deal right? Want to squeeze the trigger I love mi' asics but I got buggered once before >.<

I'm not having too much of an issue in communication....
PROBLEM is which I'm not sure why you guys aren't asking, do they not need information submitted in the reference/info of the payment to actually link it to the customer...
otherwise isn't it all just piling up with a bunch of payments and names... of course usually you'd login to the site and add to shopping cart etc...



EDIT: Alrighty seems Chloe is on fire tonight! Received an answer already, have to send a bank slip. Didn't occur to me as it would take a while to arrive but then again the miners aren't cooked yet.
legendary
Activity: 1174
Merit: 1001
So if I want my 3 units shipped to a host in Canada I have to double ship it rather than straight to host from China? Or is that for members purchasing 2 or fewer units in the US that go to Searing then out for distribution?
hero member
Activity: 868
Merit: 517
Ok, well after talking with Inno about how we can handle the group buy she agreed that it is OK for each of us to send out funds in separately via wire transfer.  Then Inno will ship them all to one location and have the miners forwarded to us from there. 

So for our group buy Searing has offered to be our POC for receiving the miners.  Once they are about to ship we will give Inno the mailing info for Searing so the batch 1 will go there. 

Today we placed our order.  A couple of us wire transferred funds to Inno and have the ball rolling.  If anyone else would like to take advantage of the pre-buy group buy just give me a shout.  I can get you the wire transfer instructions or if I am not around there are a few others here who have also gotten the wire transfer instructions.  They can send you that info. 

Basically the process goes like this:

1. Wire the funds for the amount needed to cover the cost of the miners you want.  The net amount needs to equal $1800 for 1 miner, $3600 for 2 miner etc.  Pay attention when wiring the funds as the bank in China tacked on an additional $25 for "who knows what" which was coming out of the amount being sent.  So you will come up short with Inno if you don't send the extra funds to make up for this fee being deducted.  I don't know what your bank will charge you for an international wire transfer.  My bank charged $61.

2. Once you have sent the funds you will need your bank transaction info for the wire transfer.  Send a copy of that to Innosilicon, Chloe and let her know your part of our group buy on BCT.  She should know which order to match your order with. 

3. PM me with your contact info and I will follow up with Inno to ensure that they received the funds and make sure that Chloe knows where to send your order.

4. When the miners are read to ship Inno will be reaching out to us to tell us how much the shipping cost will be.  What we can do to cover the shipping cost they will want another wire transfer for that amount.  That is a lot of money for all of us to send another wire transfer so I would be willing to cover that cost as long as you reimburse me your portion of the shipping and your portion of the wire transfer cost once the miners have arrived here in the US at Searings place. 

5. Once the miners arrive we can get you the shipping estimates from Searing's to your preferred destination.  You will have to pay Searing for the shipping cost.

Please let me know if you have any questions.   If you still want in on the group buy it isn't too late yet.  But I wouldn't drag my feet on this because we don't know how many units they plan to ship in this batch 1 or how long they will keep this window open for ordering. 

Just a reminder, I will be out of pocket all this next week.  I am taking off in the morning and won't be back until the following week... Unless I get lucky and things go more smoothly than I expect... Which never happens!  So if you need anything please message me, but I probably won't be able to check in here very often if at all next week, but I will do my best.  Don't want you guys thinking I dropped off the face of the earth! 

Ok, thats it for me... Now I am already saying "Is it August yet?" "Is it August yet?"  "How about now?"  LOL
hero member
Activity: 868
Merit: 517
I don't know.  I have ordered some things and not had to pay any duties.  And other things they slap me around good! LOL  But any time I have declared anything that I am bringing into the country they have always slapped me around and then kicked me a couple of times as well... So personally I would prefer to order and have it go through DHL and take my chances there.  Cheesy 
legendary
Activity: 1109
Merit: 1000
It shouldn't be any different cost for customs if you bring it yourself or have it shipped directly from innosilicon.
hero member
Activity: 868
Merit: 517
I don't know what they would charge to bring something like that through customs etc.  So it could get expensive.  I have asked the question to Inno about local pickup.  Let's see what they say. 
legendary
Activity: 1848
Merit: 1001
hero member
Activity: 630
Merit: 504
Indeed it would remove the risk and considering the low quantities it would be doable as part of checkin luggage. Wouldn't want to do it for larger quantities though!

I've never brought heavy equipment through check-in luggage out of country.  Seems like you could run into issues.  I think you would be better off shipping directly through DHL.
member
Activity: 77
Merit: 10
Indeed it would remove the risk and considering the low quantities it would be doable as part of checkin luggage. Wouldn't want to do it for larger quantities though!
hero member
Activity: 630
Merit: 504
I don't know if Inno allows for pickup directly.  I can ask for you if you would like.  Do you know where their facilities and offices are? 

If you could ask that would be great. I think they are just out of Shanghai in Suzhou. (From their website). There is a blockchain summit in Shanghai on 19th September.

https://www.cryptocoinsnews.com/industry-to-descend-on-shanghai-for-the-global-blockchain-summit/

Just a thought.

I visit Shanghai (or nearby) several times a year for work.  Direct pickup (and testing) would definitely remove any risk.  Anyone know what the duties would be to the US?
hero member
Activity: 868
Merit: 517
No problem I will ask about the option to do a direct pickup.  Cheesy

Inno has replied to the question about how a DOA miner would be handled:

Quote
Our 45 days parts warrantee starts once the miner gets received. If any problem, we will offer instructions on how to check the miners and find out the faulty parts, and we will send the corresponding parts for replacement after getting video/pictures as proof from customer. If all hash boards, controller board and Raspberry Pi are dead, which I don’t think will happen, the replacement parts will be sent as well.

So they appear to be prepared to walk a customer through the diagnosis on failed parts and will get the suspect components out to the customer. 
member
Activity: 77
Merit: 10
I don't know if Inno allows for pickup directly.  I can ask for you if you would like.  Do you know where their facilities and offices are? 

If you could ask that would be great. I think they are just out of Shanghai in Suzhou. (From their website). There is a blockchain summit in Shanghai on 19th September.

https://www.cryptocoinsnews.com/industry-to-descend-on-shanghai-for-the-global-blockchain-summit/

Just a thought.
hero member
Activity: 868
Merit: 517
I don't know if Inno allows for pickup directly.  I can ask for you if you would like.  Do you know where their facilities and offices are? 
member
Activity: 77
Merit: 10
Does anyone know if Inno allows pick up from them directly?
legendary
Activity: 1109
Merit: 1000
I really don't expect to see much change in BTC at the halving.
Possibly some price rise from miners who haven't already priced that into their sale price
Possibly some decrease in hashrate due to miners shutting-down.
but I do not expect to see some big swing at or near the time of the halving.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Excellent point Marvell1!  I just pulled up the chart for BTC and if you look at the price movement up we see it started this climb back in Sept 2015 at around $230 so looking at it from that perspective it has already more than doubled.  That is an interesting observation and points out we might not see the big price moves that everyone is talking about.  At least not to the upside like so many are expecting.  

yeah Its not an orignal though @Longsnowsm I read somone elses reseach someone else an I just happen to agree with it.  Possibly long term we will see a steady organic rise as the new supply level is halved but I dont think we will see the explosion folks see short term.

This is the same pattern that happened with LTC that make me sell my 1.2GH farm back in aug-october last year.

Same pattern :  a run-early jan 2015- march/april from sub 2 to around 5-6 dollars peaking at 8 around a month before halving i think in June.  Then when halving hit and all the whales were able to dump and sell the real event, alot of us were left bagholding at that point. Prices dropped to the intial pop around 4-5 USD and guess what its sat at that level for nearly over a year.  

Also it was expected that the LTC hash rate would drop since for miners such as me A2's and other harwae becase inniffeicent but guess what ?  I found buyers for everyone of my 10 A2 units , buyers from canada and southern states in the US with low power.   Same will happen here hash rate will keep rising and the Chinese will keep rising the hash rash rate since now they need EVEN more hash to make what the used to and their only real cost is hardware.

I expect the same thing here maybe to a lesser extent since bitcoin is more useful than Litecoin so we will see a slow rise eventually.
hero member
Activity: 868
Merit: 517
Excellent point Marvell1!  I just pulled up the chart for BTC and if you look at the price movement up we see it started this climb back in Sept 2015 at around $230 so looking at it from that perspective it has already more than doubled.  That is an interesting observation and points out we might not see the big price moves that everyone is talking about.  At least not to the upside like so many are expecting.  
hero member
Activity: 630
Merit: 504

So you must be buying a ton of BTC right now?



Too late. I think the price is already adjusted. Recall the recent spike in BTC price over the past couple months.
Major players are not going to be behind the curve, they are going to be ahead of the game.

Just like the stock market. They bake-in to the pricing all the anticipated news, such as interest rate spikes and such.
By the time news is official, the price already reflects the anticipated change.

Ah - I see -- so you are saying that the current rise in BTC price has already compensated for the halving and so we should not expect BTC to double now to $1200+ -- as it already doubled slowly from the $300's to the $600's.

Will be interesting to see what happens.  I'm sure it will be very volatile for months to come.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Well, as the main producers of coin, they are not going to sell at a loss, they are going to put sell orders in for higher values.
Most of the small time miners are just along for the ride. If BTC sells for a higher amount, that's good for all the miners.
If it won't sell, then they will cut-back on mining to reduce the difficulty to a point where they can make a profit.

Individually, no-one controls the price, but collectivly they put sell target prices in and there are such a small percentage of coin traded by the average joe that the average joe is going to boost his asking price to match what the large sellers are getting.

Add to that the buyers also know this, and want to see the price of their investments go up also, so they are looking for those price gains as well.

I really don't think there is much difference between the coin markets and the stock market, and they behave very similar.
"News" about a coin really drives the price more than anything else. Supply/Demand governs the market.


Lol what do you mean they wont sell at a loss,? they have to keep the lights on and pay employees, loans investors etc

I think some will go out of business but the ones in Iceland and china with cheap gear and free electricity will do fine.  Prices have already doubled from back in jan nearly I can see it peaking at near 700 max.
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