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Topic: Bitmain is taking paypal !!!! (Read 366 times)

sr. member
Activity: 604
Merit: 416
November 30, 2019, 08:04:03 PM
#25
I don't think it's an option anymore. I saw Phil post about it elsewhere, probably been a week or 2 since they stopped.

Edit: Looks like it was sometime around the 21st

Yeah, I haven't seem that thread at all. Thanks for info and reference. I found out that last time they accepted PayPal was for S17+ when I entered it's hidden webpage.
legendary
Activity: 1540
Merit: 2036
Betnomi.com Sportsbook, Casino and Poker
November 30, 2019, 12:28:27 PM
#24
I don't think it's an option anymore. I saw Phil post about it elsewhere, probably been a week or 2 since they stopped.

Edit: Looks like it was sometime around the 21st
newbie
Activity: 33
Merit: 0
November 30, 2019, 12:02:43 PM
#23
Is there still an option for PayPal payment as I do not see it myself?

Same here, maybe we overlooked it..
If you'll have any update on it - let me know about it please
sr. member
Activity: 604
Merit: 416
November 29, 2019, 05:52:02 PM
#22
Is there still an option for PayPal payment as I do not see it myself?

If there is, does it go under USD wire or is it limited to USA&EU?
full member
Activity: 416
Merit: 125
October 21, 2019, 04:05:15 PM
#21
Has anyone had the s17  ship today?
legendary
Activity: 4102
Merit: 7765
'The right to privacy matters'
October 20, 2019, 12:11:05 PM
#20
I ended up ordering three units.

One t17.      40th for dec
One s17.      53th for oct
One s17 pro 50th for oct

Six months to pay zero interest. About 5800 .

This is a no brainer if you are investing in btc.

103 th earns 103 x 0.0000182 btc a day.

Then in 2 months you bump to 143 th.

If you chose you can pay about 100 a month for five months then pay 5300 in month six.

If you want a hedge this is it. If the gear breaks from now to six months from now you can fight with PayPal for refunds. If btc moves up in price this is a solid move it is possible you are paid off very quickly.
legendary
Activity: 1540
Merit: 2036
Betnomi.com Sportsbook, Casino and Poker
October 11, 2019, 03:28:58 AM
#19
8 months ago and my farm would probably have been full of Antminers. There have been a lot of times I've scrambled to get coins together or used coins I wanted to hold to grab gear, because wire transfers are shit for me anyways. I fully support any option that allows even a small amount of BTC to not be funneled into Bitmain, this is a nice Fiat on ramp imo. I do think it's just another way for them to push as much gear out the door between now and the halving because it will be a tougher sell convincing people to shell out BTC for gear leading into it.
With it being winter though it was almost tempting enough to grab some S9's.
I think most cryptocurrency investors/spectators are at least against Paypal. So kind of sad to see them accept this, but business is business.
You use the tools available though, and even if you can't stand something at times it is your best option.
hero member
Activity: 1526
Merit: 596
October 10, 2019, 09:25:43 PM
#18
I just purchased a s17 53 with paypal on bitmain website six months to pay no interest.  Gear is due oct 20-30



Are they giving product even with out the fees on transaction with EMI option?

If there is offer on using the PayPal credit option it will be more useful for the people who wants start the ASIC mining process.
I was looking at the products a couple days ago and I was debating whether to make a purchase or not, but I think they where losing sales so they added this new Paypal option.

I believe they are eating up the fees themselves since the profit margins are probably high enough, and I don't think they'd get customers if they made them pay the fees.

Paying it off in 6 months is pretty cool though!
sr. member
Activity: 1092
Merit: 257
LuckyB.it is Back!
October 10, 2019, 01:48:57 PM
#17
I just purchased a s17 53 with paypal on bitmain website six months to pay no interest.  Gear is due oct 20-30



Are they giving product even with out the fees on transaction with EMI option?

If there is offer on using the PayPal credit option it will be more useful for the people who wants start the ASIC mining process.
full member
Activity: 1708
Merit: 125
www.positivebetting.com
October 10, 2019, 11:45:44 AM
#16
I think most cryptocurrency investors/spectators are at least against Paypal. So kind of sad to see them accept this, but business is business.
sr. member
Activity: 604
Merit: 416
October 10, 2019, 11:09:32 AM
#15
Btw if anyone knows, is that 6 month zero interest available only for USA customers?

I couldn't find an answer to the same question 2 days ago, so I contacted them and I've been told(by Martyna from PayPal) that it is only available in North America, UK and Germany.
member
Activity: 120
Merit: 10
Here for enriching conversations
October 10, 2019, 10:03:45 AM
#14
This is good to hear, I will certainly heard over there and check it out....not that I have the money now but information is power right Grin
legendary
Activity: 3500
Merit: 6205
Looking for campaign manager? Contact icopress!
October 09, 2019, 09:30:16 AM
#13
Also if that decision is going to turn more nocoiners into bitcoiners, it is a good move.

It's a decision solely to boost the sales. The miners (too) expect Bitcoin to rise and it can look like a good business to buy for fiat and not for Bitcoin (although at the end they're both money).
And for some (see "no interest") it may indeed be a good business Smiley

Wow @ 1050th
hero member
Activity: 952
Merit: 513
October 09, 2019, 08:46:27 AM
#12
This isn't good news for difficulty, it would definitely open open the doors for the masses.
Difficulty would rise in any way because Bitmain was always easily out of stock, so they never had problem of selling. Yeah, adding of paypal payment means new potential customers but it has nothing to do with your proposal and also everyone who buys antminer or bitmain's product is in touch with bitcoin and bitcoin payment isn't problem for them. Here is the most amazing fact: You can buy miners with 6 month zero fee loan.
Btw if anyone knows, is that 6 month zero interest available only for USA customers?

Not sure if it would even affect difficulty or anything that much at all, all the big buisnesses and mining rigs are pretty set and this will just help some regular Joe's who don't have 2 grand ready to spend on some gear be able to mine some crypto-currencies.

I checked the website, and maybe I'm stupid but I wasn't able to see or get the 6 month option, and I was either forced to pay instantly or just cancel the order. Bummer for me I guess.
legendary
Activity: 3234
Merit: 2420
October 09, 2019, 04:25:47 AM
#11
The title reads like...

"Guldan cheats!"

Bitmain's sole motivation is making more money, just like any other company so I can get that when I look at it from that perspective. Also if that decision is going to turn more nocoiners into bitcoiners, it is a good move.
legendary
Activity: 2170
Merit: 1427
October 09, 2019, 04:20:01 AM
#10
This isn't good news for difficulty, it would definitely open open the doors for the masses.

The masses don't have much of a say in the network due to how insanely large it already is, so I doubt it will change much.

It could however make wealthy entities compete with each other, which directly means that it works against existing players like Bitmain, Poolin, etc. People have always complained about the lack of miner distribution, well, this could be one effective way to improve the distribution.

No matter how many people here dislike PayPal, a lot of people outside the crypto realm aren't that unhappy. PayPal to them is purchasing stuff with confidence, especially with how people might not initially trust companies such as Bitmain. This is an effective way to counter the risk of losing money because the buyer is mostly always right with PayPal.
hero member
Activity: 2198
Merit: 847
October 09, 2019, 03:14:12 AM
#9
This isn't good news for difficulty, it would definitely open open the doors for the masses.
Difficulty would rise in any way because Bitmain was always easily out of stock, so they never had problem of selling. Yeah, adding of paypal payment means new potential customers but it has nothing to do with your proposal and also everyone who buys antminer or bitmain's product is in touch with bitcoin and bitcoin payment isn't problem for them. Here is the most amazing fact: You can buy miners with 6 month zero fee loan.
Btw if anyone knows, is that 6 month zero interest available only for USA customers?
legendary
Activity: 4102
Merit: 7765
'The right to privacy matters'
October 08, 2019, 02:11:03 PM
#8
Opening up the doors for the masses is good for decentralization and adoption, which is good for price stability, fees and the overall transactional economy.

Yeah I purchased 1 s17 53th non-pro  due to ship oct 20-30  using paypal to support bitmain's choice of allowing paypal payments.

If they continue to offer paypal I will order another one soon.

I have gear due
Oct 20 ..........   37th
Oct 20-31......   53th
Nov 10-20.....  106th


I will place another order soon  maybe Nov 1-5 
Once  I get the 37th + 53th gear
As much as I don't like bitmain  I do like paying with paypal with six months timeline zero interest.
legendary
Activity: 3304
Merit: 1842
Curmudgeonly hardware guy
October 08, 2019, 01:49:29 PM
#7
Opening up the doors for the masses is good for decentralization and adoption, which is good for price stability, fees and the overall transactional economy.
jr. member
Activity: 31
Merit: 6
October 08, 2019, 01:19:19 PM
#6
This isn't good news for difficulty, it would definitely open open the doors for the masses.
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