Topic: bitcoinminingmachines.co.uk -- hardware importer and retailer - page 3. (Read 16327 times)

Hey,

I see other resellers are getting their Gridseed in a couple of weeks, any idea when yours are coming in?

Rgds

Ratters

Oh well, never found it just modded the SQL.

Yeah you can do it in the OpenCart admin, it's just a bitch to find - I can't even remember where I turned it off

That ex tax is really annoying, its hidden in the SQL so needs to bemodded by hand, can't be done via admin.

Hard for me to speak for them, and really don't want to speak out of turn. As far as I am aware that price is an ex VAT price shipped from China,

Again I could be wrong but that is the impression I get from reading their thread and website. Our goods are all shipped or picked up from UK.

You removed it from the antminer product specs page but it's still on the list when you click on "antminer" in the top menu.

btw, can you explain to me the £500 difference between your 200GH/s avalon miner and Mining Hardware's 200GH/s avalon miner ?

http://bitcoinminingmachines.co.uk//index.php?route=product/product&path=67_61&product_id=50

http://www.mininghardware.co.uk/en/200ghs-/30-200ghs-bitcoin-miner.html

But not all is bad - at least you are here responding to all our (or my) "annoying" questions. I hope your customer service will be just as good when someone (or myself) will make a purchase.

oh, and keep us updated on those gridseed miners - I'm really waiting to hear some more news about them...

Fixed, that part of the cart is for US sales tax, which doesn't exist here so we disabled it. Thanks again for the spot.

Stupid part of the cart theme. I'll remove it, thanks for pointing it out.

And.... after all that. I don't have any here today. No stock till Weds / Thurs at present.

Another calc. attempt (it's late and i'm tired)

You: £1583 (antminer) + £317 (VAT) + £30 (Shipment) + £40 (electricity for 21 days) = £1970 or 3.65BTC

Bitmain: £1026 (antminer) + £205 (VAT) + £510 (21 missed days) = £1741 or 3.22BTC


So yes, you are 0.435BTC more expensive than Bitmain - assuming:

1. you have the antminers for sale NOW
2. Bitmain delivers only in 3 weeks and not quicker
3. The difficulty stays the same for the next 3 weeks

Throw in a free PSU and I may be sold.

If £1900 includes the VAT You may want to remove this from your website then as it is misleading:



and i'll go do my calculations again.

To be clear our final cost ends up 0.435 BTC more than Bitmain.

OF course we can't sell as cheap as the manufacturer selling directly into retail, it's simply not possible.

I hope where we can add value is by offering local service, support and accountability as a UK company.

To some people that is valuable, to you it may not be.

We can't compete with offshore retailers, its the same in any industry. Stuff is always cheaper if you buy direct from the Far East, simple economics makes it so. Go on Ebay and buy from a Chinese seller, it's always cheaper. the costs associated with running a business in the UK make it impossible to compete directly with Far East sellers.

On the flip side you get more security and easier resolution to any problems that may occur and if things go really tits up someone to take to trading standards / small claims.

Also not quite sure where you are getting your exchange rates from. If you take the VAT off of the 1900 then the price is 1583. If you take lowest exchange price for BTC then 1 BTC = GBP 476, yesterday 512. Gox currentlyl at 602.

So to be fair take a mean of todays lowest and highest you get 1 BTC = 539.25

That makes our ex VAT price 2.9 BTC not the 3.9 you have written. You are massively misrepresenting our prices here

Anyway at the end of the day to purchase or not is a choice. These are our prices and the lowest we can currently charge. We are not pressuring anyone into buying just putting them out there as an option.

Assuming:

* you have Antminer S1 currently in stock
* bitmain's price stays 1.9BTC on February 8th
* difficulty stays at current level

here's my calculation:


Bitmain

Antminer S1: 1.9BTC
VAT: 0.38BTC
Days of missed mining: 21 -> 21*0.045BTC per day
Shipment: free

Total price = 3.225BTC



Bitcoin Mining Machines

Antminer S1: 3.9BTC
VAT: 0.7BTC
Days of missed mining: 0
Shipment: 0.06BTC

Total price = 4.66BTC



So at almost 1.5BTC more this is not worth it at all IMO.

I appreciate that prices can appear high but for a minute let me just address a couple of things.

First, you pay, you receive your machine that day if you pick up or next day if you want delivery, so there is no time between paying and receiving. If you bought an Ant S1 from China today you would not receive for 2-3 weeks, all that mining time lost.

you would have to pay import VAT as the machine arrived in the country

You get a full VAT invoice with your purchase, from us so actually we only receive £1583 for your machine, and if you are a VAT registered company you can claim that back so you have actually only paid the same. We are not some under the counter fly by night operation we are a legally operating Ltd Company. We are obviously here to make profit but if you do the maths of the full supply chain to in your hand you will see we are being far from greedy

Work it out, reclaim the VAT if you can, no import VAT or duties to pay and 2 weeks extra mining. You will see we are not really any more than the 1.9 BTC you could purchase from abroad, headline price is one thing, actual total costs are another


On the second point, as stated if you pay and want delivery it will be sent the very same day, as soon as you purchase it, the machine is yours. Likewise you come and pick up and pay it is yours as soon as you pay, we are not profiting from a machine you bought because as soon as you pay it is yours, either dispatched or picked up and not mining anymore. We are profiting from a machine you may or may not buy.

The fact is that KNC, Avalon, BFL, everyone mines the machines before they send them out. We are just being up front and honest about the fact we are doing it.

At the end of the day of course it is all about choice. You choose not to buy from us, that's no problem. We are confident that the machines we offer are good value and when taking the full costs and timescales into account represent fair value.

sounds awesome! Just down the road from me, I'll keep an eye on your stock and if anything takes my fancy I'll come on over to get me some new hardware

I see at least 2 problems with your store:

1. The prices are very expensive (antminer S1 for £1900 EXCLUDING TAX is approx. 4.5BTC) - the antminer S1 will NEVER make ROI with this kind of price.

2. This quote from the OP:


So basically you "testing" the machine = you making profit from a machine I bought until I come and pick it up.

Add on top of that you're a new store.

I'm out.

Hard to say, Gridseed put prices up just before the holiday and they are absolutely swimming in sales requests so I imagine they will go up again. It will be 100s not 10s though.

I admit Gridseed looks very interesting, what would be a guestimate of the cost per unit? 10's or 100's of £.

i see your point on ROI, you are right, you will never ROI with a U1 mining Bitcoin but mining a SHA.. Alt and trading/selling you can ROI the same day.

Dont want to clog your thread so ill leave it there, just think there is a good market for lower end tech as well & also not many UK sellers doing it.

Rgds

Marc

Hi Ratters,

The problem is that I can't see any ROI on those smaller miners now. It is getting tight to get ROI on the 200 but the CEX calculator, calculating at 50% increase a month still shows ROI.

I guess some people aren't bothered about that and just want to be part of the network but we are trying to offer the best chance of ROI on the machines.

When we get our hands on the Gridseed machines they will be cheaper and will offer a great chance of making profit on your purchase.

Good to see another UK Startup, Well done.

Are you considering selling any smaller miners, ie Antminer U1 etc

Would be nice for people breaking in to Bitcoin who cant drop £2k on a miner (ME!)

Good Luck

Rgds

Ratters