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Topic: ASICMiner USB group buy- orders closed, pay for extra! - page 103. (Read 165774 times)

member
Activity: 89
Merit: 10
Put me down for 1 please
member
Activity: 102
Merit: 10
Get your order in!


Timer removed. End time: 2013-05-10+04:18:59
newbie
Activity: 70
Merit: 0
arklan - IMO plenty of us are happy with the escrow and how everything is set up.  People can back out and do a separate group buy if they wish.  No big deal and no reason to hold this one up.
newbie
Activity: 70
Merit: 0
arklan - Any indication from friedcat about securing a place in line?  That's the only reason to pay sooner that I can see.
hero member
Activity: 671
Merit: 500
Speaking as a representatives for the bulk buyers (if I can presume), any order of 10 units or more should be shipped out USPS overnight.  It's only 20 USD.

Arklan - Does this sound OK?


If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.

I'll be a bit chafed if there isn't a discount on shipping for "bulk" orders.  ~$55 to ship 10 USB devices through USPS from UT to OR is exorbitant.


sr. member
Activity: 378
Merit: 250
If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.

I'll be a bit chafed if there isn't a discount on shipping for "bulk" orders.  ~$55 to ship 10 USB devices through USPS from UT to OR is exorbitant.

member
Activity: 102
Merit: 10
Quote
To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?
I believe the issue at hand here is not escrow versus ASICMINER; it's Group Buyees (us) vs. Group Buyer (arklan).  I suppose we can escrow against ASICMINER as well, but I don't think that's really necessary.

My personal vote is for what is currently in OP: 2% fee to John, shipping and handling fee to arklan; 2.1013 per unit.  If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.  If John wants to reduce his fee, great, but I don't mind either way.

Regardless of what OP decides the final agreement to be, all that is important is that it is laid out clearly prior to accepting payments.  A new, fresh thread would be helpful to clear the deck once that happens.



+1 They will have earned those fees several times over before this is finished lol I have no problem rewarding someone for their time and effort and the proposed fees are fair IMO.

im in agreement
member
Activity: 96
Merit: 10
yea, USPS will be the carrier.

i pm'd friedcat, and he has said we can pay anytime.

as to a hard stop: 48 hours from now, i will stop accepting orders. 7 days from then, payments to escrow will be expected to be completed and all money gathered.

so we'll send payment to friedcat in 9 days, basically.

i'll update the OP accordingly.

I haven't been following this closely, but to confirm, we won't be getting the sticks any quicker if we send payment quicker than this?
(In other words, waiting a week for payment is fine?)

Also, in case I forget about this, please send a PM when everything is in order.
hero member
Activity: 493
Merit: 500
My personal vote is for what is currently in OP: 2% fee to John, shipping and handling fee to arklan; 2.1013 per unit.  If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.  If John wants to reduce his fee, great, but I don't mind either way.
Agreed on all points. If there are those who are uncomfortable with this arrangement, I'm sure another group buy is/will be available. Let's get this show on the road. I'm anxious to get my "Nearly Half as Fast as a Decent Video Card!" ASIC miners. Tongue
newbie
Activity: 31
Merit: 0
Quote
To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?
I believe the issue at hand here is not escrow versus ASICMINER; it's Group Buyees (us) vs. Group Buyer (arklan).  I suppose we can escrow against ASICMINER as well, but I don't think that's really necessary.

My personal vote is for what is currently in OP: 2% fee to John, shipping and handling fee to arklan; 2.1013 per unit.  If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.  If John wants to reduce his fee, great, but I don't mind either way.

Regardless of what OP decides the final agreement to be, all that is important is that it is laid out clearly prior to accepting payments.  A new, fresh thread would be helpful to clear the deck once that happens.



+1 They will have earned those fees several times over before this is finished lol I have no problem rewarding someone for their time and effort and the proposed fees are fair IMO.
sr. member
Activity: 476
Merit: 250
Put me on the list for two (2), please, arklan.
hero member
Activity: 560
Merit: 517
Quote
To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?
I believe the issue at hand here is not escrow versus ASICMINER; it's Group Buyees (us) vs. Group Buyer (arklan).  I suppose we can escrow against ASICMINER as well, but I don't think that's really necessary.

My personal vote is for what is currently in OP: 2% fee to John, shipping and handling fee to arklan; 2.1013 per unit.  If OP wants to do a S&H discount on "bulk" orders, great, but I don't mind either way.  If John wants to reduce his fee, great, but I don't mind either way.

Regardless of what OP decides the final agreement to be, all that is important is that it is laid out clearly prior to accepting payments.  A new, fresh thread would be helpful to clear the deck once that happens.
legendary
Activity: 1288
Merit: 1227
Away on an extended break

I cannot honestly say that I studied the fine print at the time I signed up.  But I also don't give a shit.  I've hardly put my financial statement at risk fucking around with what will very likely end up being a laughably overpriced trinket within a few months due to either a rise in BTC values or competition from more powerful devices.  I stated '2.1-ish BTC' to allow for some flexibility.

Ha, on this I agree.   I think it will be awhile, if ever till the device earns back the costs.    I am mainly getting it as I have been doing some work with the merged mining clients on my laptop, and access to some hash power from my laptop would be a nice aid in testing.

My main objection is it being called escrow, which gives a false sense of what is being provided.



The escrow is not a traditional escrow where the funds are held before the goods arrive - it's an identity escrow. ( sort of this but minus the cryptos: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.21.6420) I hold and verify Arklan's identity here so that he does not have to send this information to everyone on the list. The data would be held as a reserve against any unlikely problems arising on Arklan's side, and can be used to determine his location and everything for any litigation efforts if needed.  Of course, I also verify that the package isn't being sent to some obscure PO box.  Wink

To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?

You'd need to have 2 escrow addresses though, one for the actual cost of the hardware (to go to friedcat) and another for the fees...

also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.

yea, i asked, he didn't say. *shrug*



we're at 316 ordered right now. yay!

i'm going to get some sleep for a few hours. i'll update everything when i wake.

Friedcat declared the blades as 'Sample PCB's' and around a value of $76 if I'm not wrong for the recent auction. AFAIK only Russian and Polish buyers had any problems with the shipping due to their postal services - I had a Polish buyer PM me for the actual invoice to satisfy their overly zealous customs. Shipping to the states should not be a problem here.  Smiley

When it's time, do we send the whole amount to 1FFyoorSfwQC15Xv7zNZ4Lv5yZcM6WFKuF because the top post also refers to: "fixed fee of 2% for this transaction, pre-paid to 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz".

Also, how does our street address get associated with our payment? Sorry for the dumb questions, but I've never done escrow before.

as to the bitcoin addresses: i'm not sure. i'll double check with john.

street addresses: when we start collecting money, i'll send everyone a pm on the forum with my email address and relevant info. you'll email me your street address and a confirmation of the transaction being sent to the designated address. when all money is collected, john will send it to friedcat, then when i get the miners i'll mail em out. once i know they have been received i'll delete the address holding emails.

tiger - slow? eh, not super speed, yea. but we're SO CLOSE. Cheesy

Just send the fees and everything to the escrow address - the sentence above was an error as I used this contract for most of my escrow deals.

PS: I can speak about 4 Chinese dialects, Indonesian, Malay, Chinese and English (duh!) Tongue
sr. member
Activity: 336
Merit: 250
also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.

yea, i asked, he didn't say. *shrug*



we're at 316 ordered right now. yay!

i'm going to get some sleep for a few hours. i'll update everything when i wake.

I want to make sure this group buy succeeds. I am starting an IPO for TURTLE MINING using the USB's purchased from this group buy. I am offering shares at the price of 0.021013 Bitcoin per share. This is to let those that can't afford over 2 Bitcoin to join in the purchase of these miners. The IPO link is at https://bitcointalksearch.org/topic/ipo-cancelled-turtle-mining-198822 .

Also, to keep this thread on topic, please increase my order to 2 units.

Thank you.
sr. member
Activity: 448
Merit: 250
To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?

You'd need to have 2 escrow addresses though, one for the actual cost of the hardware (to go to friedcat) and another for the fees...
legendary
Activity: 4690
Merit: 1276
Ha, on this I agree.   I think it will be awhile, if ever till the device earns back the costs.    I am mainly getting it as I have been doing some work with the merged mining clients on my laptop, and access to some hash power from my laptop would be a nice aid in testing.

I'll be looking forward to your work on this.  Sounds interesting.

My main objection is it being called escrow, which gives a false sense of what is being provided.

It's a fair complaint if things have changed.  I've never done any escrow with anything.  I assumed that the arrangement isolated ~arklan from the funds and that is what I care about mostly.  John K did some amount of work already.

~arklan is clearly new at this, but gives every appearance of being a straight-up actor who didn't deliberately try to screw anyone.  That is my gut sense at least.  Maybe if John K feels like he was greatly overcompensated he will adjust his rate.  I would not complain at all if any such remittance went exclusively to those who signed up under the 'old rules'.

legendary
Activity: 1778
Merit: 1008
also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.

yea, i asked, he didn't say. *shrug*



we're at 316 ordered right now. yay!

i'm going to get some sleep for a few hours. i'll update everything when i wake.
PeZ
sr. member
Activity: 297
Merit: 250
also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.
legendary
Activity: 1778
Merit: 1008
i am beginning to regret not thinking this all out more clearly (regarding escrow) from the get go... ugh.

also, i heard from one of the blade buyers. apparently there were no customs fees.

Customs is a weird thing.  I have gotten many things with no fees.  Seems at least one Chinese person in my household, gets a lot of 'gifts' from Hong Kong lately.   These also have had no fees.   I had one time they insisted on $30 for a $10 battery.     A shipment of a single item gets a lot less attention then a bulk shipment does.   I do hope we get no fees, but I would not count on it.  So, fingers crossed but think about what to do if you do get hit with customs fees I guess?


right.

as to the whole escrow thing: yes, obviously it's not really escrow, since i'll get the hardware and such. but equally, i don't know that trying to change it now would be viable. i can ask john his thoughts on the matter.
sr. member
Activity: 574
Merit: 250

I cannot honestly say that I studied the fine print at the time I signed up.  But I also don't give a shit.  I've hardly put my financial statement at risk fucking around with what will very likely end up being a laughably overpriced trinket within a few months due to either a rise in BTC values or competition from more powerful devices.  I stated '2.1-ish BTC' to allow for some flexibility.

Ha, on this I agree.   I think it will be awhile, if ever till the device earns back the costs.    I am mainly getting it as I have been doing some work with the merged mining clients on my laptop, and access to some hash power from my laptop would be a nice aid in testing.

My main objection is it being called escrow, which gives a false sense of what is being provided.

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