Topic: Block Erupter USB | Group Buy Newsletter (Read 9179 times)

Newsletter #3

Dear Buyer,

The third batch has already been ordered, received and dispatched to all remaining buyers waiting for their parcel:

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Warranty

I will remain responsible for the warranty of the product up to 30th December 2013. I have 10 Block Erupter USBs available for replacement. However I will only replace 2 or less Block Erupter USBs per buyer. The request for the replacement of 3 or more Block Erupter USBs must be made directly to Bitfountain.

Delivery Confirmation

The tracking system from Parcelforce indicates that a few parcels were not delivered. If you received your parcel but your pre-order still shows “post”, reply to  this newsletter indicating on which date the parcel was delivered.

Affected Buyers

All remaining units of the buyers which were affected by the lack of available Block Erupter USBs were already dispatch. This includes buyers which should be part of the first and second batch. So if you were affected and did not receive a second parcel up to now, please respond  to this newsletter so I can help you determine why your parcel was not delivered.

Tip the Trader

As I had promised I will refund the overpaid amount by the buyers after all Block Erupter USBs ordered have been delivered. However you can refuse the refund  and instead tip me for the work I’ve done to satisfy the group needs as a whole. I gave my best to ensure all buyers would have a real product as soon I could deliver. There were also buyers which were only able to participate in the group because I offered alternative methods of payment.

Thanks

I want  to express my gratitude to all buyers which deposited their trust in my business. I am quite glad with the lessons I learned from this trade. I must also thank Friedcat for the prompt response to deliver what he promised. Bitfountain is the only honest business at the present moment which is truly committed to delivering what it advertises.

Newsletter #2



Dear Buyer,

An order for 80 Block Erupter USBs was placed with ASICMiner on 5th June 2013:

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This is the second batch of this Group Buy. The buyers who paid their pre-order up to 31st May 2013 are going to participate in the second batch, including buyers from the first batch with remaining Block Erupter USBs to receive.

Third Batch

To allow later buyers to participate in the group buy; a third batch is going to be ordered by 11th June 2013 (23:59 UTC).

The group buy is closed to payment by alternative methods. There is no liquidity at the moment to pay more orders with the outstanding funds.

Dispatch Mistakes

The first batch was completely dispatched to all buyers who paid before 27/05/2013 (23:59 UTC). However I made some mistakes and a few buyers which were supposedly to be part of the second batch are going to receive their pre-order in advance. This directly affects some buyers which are part of the first batch. To cover the loss caused by my mistakes I have developed a plan to compensate the affected buyers.

Compensation Plan

All buyers from the first batch who do not receive the original number of Block Erupter USBs pre-ordered are entitled to request compensation. I am going to cover the buyer’s investment loss with a refund based on the assumption that each missing Block Erupter USB was delivered. So after the pre-order containing missing Block Erupter USBs is delivered I am going to compensate the buyer based on the device’s mining capacity. The total amount to be paid is equal to the estimated amount produced per day multiplied by the number of days which the missing Block Erupter USBs could be working until its replacement is delivered. The compensation will be paid only when the buyer receives the missing Block Erupter USBs.

E.g.

A buyer received only 2 Block Erupter USBs on 07/06/2013. The buyer ordered 4 devices and is part of the first batch. The missing devices are only going to be delivered at a later date. This buyer is entitled to receive 0.02165618 BTC (0.01082809 * 2) per day after 07/06/2013. The compensation will last up to the date that the buyer receives the missing Block Erupter USBs.

The affected buyers are also free of any additional expenses required to ship the missing Block Erupter USBs.

Parcel Refund

Once the group buy is closed all buyers are going to receive a refund from parcel costs which were not expended to deliver the devices. Each buyer will receive a newsletter specifying the available amount for refund and how to proceed to receive a refund.

Buyers which required fast delivery and did not receive the parcel in the expected time could claim a refund from the Parcelforce company. To claim the refund it is necessary to present proof the parcel was not available for collection up the promised delivery date. This is necessary to accelerate the process of refunding. Any buyer wishing to claim the refund must contact me by electronic message to start the request.

Time Estimations

I expect  to start dispatching the Block Erupter USBs from the second batch by 10th June 2013 and the Block Erupter USBs of the third batch by 13th June 2013.

All buyers should have their pre-orders delivered by 19th June 2013.

Newsletter #1



Dear Buyer,

The Group Buy have already collected payment for 200 units. An order was placed with ASICMiner on 28th May 2013:

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This is the first batch of this Group Buy. All buyers which paid the first 200 units will receive their orders from this batch. I am still waiting for the tracking number from ASICMiner to estimate a reasonable delivery time. I expect to have the first batch ready for redistribution by the of 5th June 2013. The orders are going to be shipped in a fair manner to compensate the chosen delivery method by each buyer.

Second Batch

Once I collect payments to complete 50 units from the remaining pre-orders I will request a second batch from ASICMiner. So it is quite important that all remaining pre-orders are paid as soon as possible to guarantee the delivery of another batch.

The deadline for the second batch is 3rd June 2013 (23:59 UTC).

If the buyers fail to complete payment of at least 50 units by  the deadline, all unpaid pre-orders will be cancelled and the Trader’s Book will be open for new pre-orders.

Alternative Method of Payment

Buyers with difficulty in obtaining Bitcoins to pay their pre-orders may request to pay by wire transfer, international remittance or Paypal invoice. Payments made by wire transfer and international remittance must be done to complete the pre-order’s amount due in GBP shown in the Trader’s Book. Payments made by Paypal invoice are charged 4% over the amount due in GBP.

These alternative methods of payment are only available while there are still outstanding funds in Bitcoins to cover the unpaid pre-orders. Check the Liquidity Exchange of the Trader’s Book to verify if there are enough Bitcoins to cover the amount due on your pre-order.

If you cannot obtain Bitcoins to pay for your pre-order before the deadline, contact me to negotiate an alternative method of payment.

Choosing the Colour of the Device

I cannot guarantee that I will deliver the colours chosen by each buyer because I do not know the colour of  the devices which I am going to receive. Once I receive the first batch I will be able to sort out what colours are available to choose.

Support

The Block Erupter USB will only work with the appropriate software to mine Bitcoins. I am going to produce an Internet page with details on how to use the Block Erupter USB, including instructions for choosing the available softwares, drivers and pools.

Places of Interest

Here are a few places which may be of interest to you and keep you up to date:
 
Group Buy - UK Trader - Internet page of the group buy, which will include a page with details on how to use the Block Erupter USB.

Trader’s Book - Follow the trade with this spreadsheet to keep up with the financial situation of the group buy.

Block Erupter USB Sales - Topic in the Bitcointalk forum with the latest information about the release of the Block Erupter USB.