Topic: Canaan Avalon A7 Group Buy - Hosting at CryptoBoreas (Canada) - page 2. (Read 9682 times)

I was in the same boat, but I did get that gut feeling to sell and pocket my 200$ gain, that way I just had the cash with my exchange until I got an address, in the meantime found a different hardware deal I'm hoping pans out.

so  you purchased coins  at  the price of   x

and the coins dropped in price to           x-300

correct?

I hear ya... Unfortunately, I'm just an unlucky SOB that lost ~$300 trying to make sure I had my BTC ready, since everything I had read was that once I receive the address, I won't have time to wait for a bank transfer to come in.

It's just very frustrating trying to get into this. I don't want to buy these at the going reseller rate, only to have them become obsolete well before I could ever make what I spent on them

In their defense it's also the same thing I'm doing. Wrangling a billion nickel-and-dime customers (when half of them talk your ear off and then don't make the purchase anyway) burns up a heck of a lot of man-hours that could be used for building awesome stuff instead. My first batch of 2Pacs, 80% of customers were only 15% of units and, if you include no-sales, about 95% of communication. I can't even imagine how bad it'd be with the kind of volume Canaan puts out.

Wow...


Thanks for the communication, Canaan!

Ouch. So Canaan is going to do exactly as BW.com is doing when it comes to selling miners. Large quantity orders only.

Well, I have some bad news for you guys. I asked Canaan when they'll have a new batch of miners in stock and they told me they have stopped selling to retail customers directly. They are working on setting up distributors though and "in the near future" we'll be able to buy gear only from these distributors.

they probally dont have any lol

With all the China stuff going on right now, I wonder if they have been caught up in something...

Here comes $20,000 741s...

I wish I could. 

I have not had any replies from them since yesterday more then  36 hours ago.
There is something going on with them that they won't tell me.
I do not know what it is, but I think  my group buy has died.

I am back to waiting on my order for 1 unit  placed on August 31st.

can someone just pay the $$$ and take bitcoin lol

They aren't approved distributors or anything... Just companies with enough capital to make relatively large purchases from Canaan (or Bitmain) and then resell at an enormous mark-up in other countries. But it shouldn't matter to Canaan (AT ALL) if resellers are complaining. They will sell the same amount of product either way and for the same price.

People are willing to pay the mark-up because of the enormous pain in the ass it is to order from Canaan and the fact that it apparently takes a group of 5 people to write a 6 word response over the period of 5 days...

I don't see how this could be a reseller conflict issue. None of us have ordered from resellers, we ordered direct from Canaan.  And likely none of us would order from resellers.  Who exactly are these resellers, I never saw any on the Canaan web site?

I have a feeling the group buy died out in the last few seconds as Canaan is scrambling, to manage their growth as a company; which includes policies procedures and standards. This also falls into the "wow we're big now" lets make sure we are following all rules and regulations that our government has imposed, in dealing with all forms of currency and exchanges. The latter being a big one because on the face of it any of these large companies can easily appear as a front for money laundering.

My take away from all of it, is that they did care enough to try and work with and help us. They just lack the customer/sales support staff, as well as logistics planners for their current demand in the industry. I do look forward to continuing to deal with them in the future. Hopefully they funnel a large amount of their profits into improving these areas.

You say that, but we just put together a $70k order (and only that size because Phil capped it) and are having to convince them to fulfill it. Hopefully he's made some headway with negotiations.

Anyways...

Whoever organizes the group buy is on the hook for taking care of any future warranty/RMA procedures. We must keep this in mind because in Canaan's eyes they have ONE single customer and that customer is whomever received the gear.

Also they do not give any meaningful discounts to modest miner purchases. If you guys want meaningful discounts you're going to need to order 1000 or more A7s. I tried in the past and was told exactly this.

I don't think they have any political or geographical bias though. If you got the money they have the miners. Money talks as always so if you can put together a massive order they will be more than glad to fulfill it.

Well I doubt very much that a sufficient amount of resellers would or could collaborate AND have the power to lobby to prevent such a sale..
A group buy larger than a 60 unit pallet is a far more cost effective & significant order compared to a wack of individuals.

Further I doubt Canaan gives a shit about resellers
On the contrary I would think resellers only make more problems and resentment for Canaan.

I would suggest they should be far more interested in satisfying a group of serious established miners/buyers.

And not so stupid as to risk alienating such an influential group.
I'm sure some of us are also resellers.

Would we get the same treatment from Bitmain or Ebit?

It would be most unwise for Steve to dick around with us..He's no fool ...I must assume his job is to help expedite sales after all.

As far as Canaan is concerned this actually would be a single address customer purchase..
We are just reselling to ourselves after pooling payment and receiving the shipment.
Canaan would like-wise be on the hook for individual warranties from resellers anyway...
So there is really no incentive to discriminate against us... rather a risk to do so I would think.

Of course politically/geographically/economically speaking there may be some very good reasons for Canaan to discriminate against "Foreign" miner proliferation.

Sometimes maybe really does... just mean.... maybe.....but I doubt that too..especially in this case..

I suggest a bribe and some booze and hookers usually does the trick...

The question then becomes, are you getting the same price a reseller would who orders a similar quantity? Because if that's the case then they can put it up their butts.

 I think it may not be  btc or bank payment
It could be this

In the interest of making progress on the Avalon 741 Group Buy I would like to make a suggestion. Instead of asking Canaan to change their payment policy, can the Group change it's payment currency to match Canaan's policy?

This could be done using a payment service that accepts Bitcoin to make international wire transfers in USD.  There is a company called Bitwala that provides this type of service.  They appear to hold an exchange rate for a short period of time which could reduce our risk/cost.

https://www.bitwala.com/btc-to-usd/

The company is active on this forum (user name bitwala)

https://bitcointalksearch.org/topic/bitwala-get-ready-for-blockchain-banking-944782

I think at the least we should ask for a rate quote, what do you think?


(I have no experience or association with Bitwala)