Topic: [ANN] Bitfury ASIC sales in EU and Europe - page 108. (Read 250465 times)

Thank you punin and bitfury for this great opportunity, and the great support of yours.

Asked several things via the contact form and got answered inside of a few hours!

Thanks guys.

regards

Done:

Unofficial Hosting & Reselling of Bitfury's ASIC - Miners & Chips
https://bitcointalksearch.org/topic/ann-unofficial-hosting-reselling-of-bitfurys-asic-miners-chips-251160

yes there is, in the check out process.

I would not pay VAT if I order as a company.
Is there a way to get that into the store?

I already said I'm doing this. I'm waiting for Punin to get everything in order with VAT and everything so I can order some units for my company.

80% community 

lol 80% of the bitcoin comunity Tell me you were joking...

They probably don't want to have tax issues in the beginning, they will include minor markets in the future  

europe guys set up a shipping service to US

not smart at all to alienate 80% of the bitcoin community by not shipping to US

I created a pre-order sheet to keep track of orders a little bit: https://docs.google.com/forms/d/1UvowJ1rdvG_ISMLjIGAKZgRVnMCIEeDKO7eOF9lrZjc/viewform

If you'd like to, please participate!

This aligns to general VAT logic, VAT is always deduced when you export from your VAT area (all EU for EU countries) to stimulate the export, and than applied local VAT for the buyer during the customs. Since Finland is EU, Bitfury should explicitly state two prices, one with VAT for EU, and one without it for the rest of the world. If some country doesn't have VAT (like USA), good for the buyer.

Should have said this yesterday, sorry! Massive congratulations to bitfury and the dev team, this is a fantastic project that must have taken a huge amount of work. Your power consumption numbers are amazing . I can't wait to see the miners rolling out of the doors. It's going to be a very interesting summer!

The internal oscillator has a frequency that's voltage dependent. So, increasing the core voltage is all you have to do to make the chips run faster. At least, that's the theory. In practice, the board is powered by an integrated regulator with 30A capacity, and fixed voltage by SMT chip resistor. If you increase resistor, voltage goes up, but so does the current, and you'll risk overloading the regulator. You need to carefully monitor the current.

The 2.7GH/sec result I got with a single ASIC test board required 2.5A, and 0.835V. If you were to attempt that on the whole board, the total current of 40A would exceed the capabilities of the regulator.

VAT ?   For not existing product, 1000€ + VAT paid in BTC via Bitpay now when the prize of bitcoin drop every day down ? Someone need an extra money   Now 1btc=70usd in august (in real oct) 1btc=20usd  i'm in

It's the same with Norway. Usually when I buy from EU countries I do not get charged EU VAT, but I pay 25% VAT to Norway during customs clearance. The 24% EU VAT should be subtracted when I select a non-eu european country in the pull down menu.

Nice job with the chips, bitfury!

I am also interested in the overclocking of the board. When I get the board I ordered, I might try some slight overclocking with fans and heatsinks. Proper guide would be awesome so nothing breaks.


Order numbers didn't start from #1..

Just to let everyone know: I ordered a starter kit for august with two expansion cards for october

Ordered and paid on the 5th of July (first day of sale), and I'm already order#335  so I guess they are being ordered quite fast.

is there any deadline for the august delivery? ... except 1. sept  ...

AFAIK not exactly as both above... I think need to separate few procedures.

AFAIK VAT tax will not apply to individual in general, only personal income tax. VAT tax will apply to juridical entities, if no exempt (church as charity organization for example). If VAT quarter balance is positive, you should pay VAT tax (diff = VAT credit - VAT debit).

operation can be

1. If you buy BitCoin you need not to declare nothing (VAT debit)
2. If you sell BitCoin you need to declare annual income (VAT credit). Do you remember German regulator wrote =  if you sell BitCoin once a year - this is tax exempt ?
3. If you transfer BitCoin need not to declare nothing
4. If you receive some value - let say the device - actually you need to to declare annual income (and VAT will credit if juridical entity)
5. If you ship out some value - VAT debit the same as you pay fiat money.

so, by bookkeeping point of view does not matter will you ship out or pay, the key is value movement.


For example you pay EUR 12000 August 3, show as device purchasing (does not matter, thru BitCoin or bank payment or cash, depends on what you will write to bookkeeping). Let say VAT 20%. VAT debit is EUR 2000. Let say month later you receive the device invoice price EUR 9000, VAT credit 1500. And this all till October 1 (next quarter). VAT tax is 2000 - 1500 = EUR 500 you will have VAT debit within 4 quarter.  This is sceleton of VAT tax. (By the way, you can repay VAT debit by gov). If you will receive devices total value EUR 18000 (VAT 3000) you will have VAT credit EUR 1000 and should pay VAT tax EUR 1000. VAT balance of company bookkeeping vary quarter by quarter.

CONCLUSION.
German regulators show the way http://bitcoinmagazine.com/germany-provides-leadership-for-bitcoin-tax-clarity 
Buy BitCoins. Write record as investment. Keep record more than 1 year. (No one will ask you how you actually keep the BitCoin - your wallet.dat will enough as proof, auth interesting fiat bookkeeping record only - by law)

P.S. I'm not accountant, but this is basic of taxation. You need to ask your accountant for details.

P.P.S. VAT calculation . Cost without VAT 10000. VAT 20% = 2000 Cost with VAT = 12000. Cost without VAT 20% = 7500. VAT 1500. Cost with VAT = 9000. Reverse calculation - if VAT 20% - use 6 as divider to find VAT. For example, you can use http://vatcalconline.com

400GHash/s unit drawing 400W is a lot of heat. At least one 140mm fan will be required. Honestly it sounds little bit scary device consuming 400W and without external heatsinks.

Nice, thanks! Пoздpaвляю c ycпexoм!