Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 115. (Read 231016 times)

Lol. Wish I could threaten UK customs as easily with their ransom demands. They are like the Sheriff of Nottingham's men, for smaller ticket items sometimes it amazes me the figures they conjure up, you'd think 20% would be easy for them to calculate and add on top of what's already been paid!

By the way, any trolls watching who may be thinking of messing with you in the future should think twice now with the amount of body-building stuff you've got coming in from the US !!

Dude it's a lottery, it all depends which courier is selected. USPS, the standard postal service rarely gets a tug, but you wouldn't use that for this, and all high ticket items are pulled anyway. You have to declare them and any known courier for big ticket items, say; UPS, FedEx, DHL, etc. always, always get stopped. If the item is small enough to be carried by a postie, they may mug you at your doorstep, otherwise it's a piece of paper to call an HMRC distribution centre *if* they have been kind enough to actually tell you!!

Mine didn't, but on the plus side, Bodybuilding.com reimbursed me £120 as a gesture of goodwill.

On the downside, my next order which they enticed me with EU shipping, posted from an EU warehouse came from the f***ing US, so that was total BS as well!

Holy cr*p! I thought you were going to say a couple of days. That would be a serious problem with a miner! I think the CHIEF system (https://www.gov.uk/chief-trader-import-and-export-processing-system) could help expedite things, if I understand it correctly, but another way could be to use a freight forwarding company of some kind. I think many shipping companies can deal with customs paperwork and payment etc. as part of their service (for a fee). I'm sure that I've had FedEX do this for an import from the US a couple of years ago. I can't quite remember how it went, but I'm pretty sure that they just invoiced us for the VAT + fees once the stuff had been delivered and I don't remember there being a huge delay with this.

If a bunch of miners in the UK are importing similar things at similar times then it could be a good idea to group together to come up with a strategy to deal with this.

Honestly, you won't want to hear this, but about 3 weeks. Well between two and three, but get this, it wasn't through lack of trying. I was speaking daily to bodybuilding.com as my order was already a month late from them, it's just Royal Mail had neglected to tell me it had arrived on our shores. If I hadn't have kept chasing them they would have eventually sent it back. I hate the way we have our goods hijacked and held to ransom. The best bit they charred an additional £8 holding fee for kidnapping your goods without telling you.

I wish there was someway to pay for the VAT/duty prior to it arriving say in the US side like you can with EU country sales. It would make it a lot easier. That £8 is nonsense and the hold up is an unnecessary inconvenience that negates anything to do with express or expedited deliveries!! Grrr....

Ahh, call centres, where would the world be without them?

I'm not an expert I'm afraid, but I know that there are different levels of customs duty (and in some cases excise duty) in addition to import VAT and that the levels of these depend on the product (or more specifically the commodity code). If you can navigate the horrendous flow chart on the HMRC commodity code page you should be able to work out what is due on a particular item, but since the descriptions here are often vague I'd imagine it's normally a good idea to get HMRC to confirm that you have the commodity code right. Your Vogon should have known this really, since it is his/her job!

How long did your stuff get stuck at customs btw? It would be interesting to know how long one might have to wait if a miner were stopped.

No more pre-order please...

F*** so does that only apply to food?! As the guy on the phone at the customs office could only tell me it was a levy, as I pressed him what for, he would only state; "it's over £135, this changed in April 2012, it's a levy", "levy for what?!", "it's a levy, you've got to pay it", in essense he didn't know idea what it was, or what he does and sounded like a Vogon from the Hitchiker's Guide to the Galaxy.

Hi, import VAT would definitely be due if you're not VAT registered, but whether or not there is a customs duty on a product in addition to this depends on the type of product. For the UK, commodity codes can be found at (https://www.gov.uk/trade-tariff/sections). Bitcoinorama, I think your import came in as some kind of prepared foodstuff (e.g. commodity code 2106909832) and so a 9% customs duty was charged (or extorted depending on your viewpoint ) in addition to the VAT. For electronics imports into the UK many (all??) have 0% customs duty at the moment as far as I can tell. Please don't anybody take my word for this (there are thousands of commodity codes) - call your customs guys to check before ordering!!

Edit: actually, I don't know why I got "foodstuff" into my head from your previous post bitcoinorama, sorry - you could have meant lots of different things.

Ok so you know, your own countries VAT and any relevant duties you need to pay, as well as the length of time your goods maybe held up as they chase payment if you're not a VAT registered business.

You need to factor that into consideration on top of a products retail price when purchasing from outside the EU.

High ticket items always get pulled at customs and no legitimate company will avoid declaring an items value, as;

1. That's illegal, and 2. They will have no recourse on a non-insured loss if the true value is not declared.

Slovakia and i am not VAT registered business

Where in Europe are you based, and are you a VAT registered business? You need to consider this w.r.t. Price and speed of delivery.

In the UK without a VAT number you are held p by customs and have to pay 20%, plus now an additional 9% levy on top of the VAT price for orders from outside the EU over £135.

I found this out the hard way ordering from Bodybuilding.com early this year. Apparently there is some new levy introduced April 2012, and I should have split my order into two sub £135 denominations.

Will you ship to Europe? If so, how big will the delay be, comparing to US customers?

Thus the problem, because that figure pushes up against the cost of the machine itself, outside very large volume. At some point there's no more 'cheaper' to go to. And the worst part is, the chip still loses half its value a month later.

Got an eagle eye on this thread.

$2 to $3 per gh/s at less than 1 watt is better.

It is so funny that everybody out there (KNC and now CoinTerra too) tries to put as much hashing power as possible in a single package, like a race to say "look, I got the biggest one!". But you know what? At the end it doesn't matter if your ASIC does 10, 100 or 1000 GH/s, the only thing that matters is the total cost of the BOM, including external components.

As such, a $50 power sucking 500GH/s ASIC can easily be beated by an array of 10 highly power efficient 50 GH/s tiny ASICs that cost $3/ea. Ah, the magics of distributed work!

I also hope that opt to limit 1TH per customer. See that way the rich in Bitcoins cannot stay at an advantage simply because they were in a luckier position earlier on in the mining game. No one wants an elite group in Bitcoin, although it is inevitable as time goes on, the more it is inhibited, the better us small losers have a chance, and this is also healthy for the overall growth/popularity/valuation of Bitcoin. Think how advantageous it is to those early miners who may have 500+ BTC at their disposal to purchase many terahertz of mining power? This creates a huge backlog causing shipments to delay. It won't affect the big sharks because they're already well off, it's the small guy who gets screwed the most ALWAYS. This big sharks versus small sharks situation has to be stopped before it really begins and fucks up Bitcoins mining community. Cointerra can stop this from happening quite frankly. The community will recognize what they have done, in my opinion, and they will end up with much respect from the community. Am I totally off? Am I thinking of this the wrong way? Should those with plenty have more while those with little struggle? Is that what this community is banking on for the long term success of Bitcoin? We'll see. I could be way off. Maybe the little guy really doesn't matter in the grand scheme of things.

Yeah, around there, although sub 1GH/watt efficiency is expected at this point from anyone claiming 'full custom ASIC.'

at this point youd have to be saying $5 and 1 watt per GH to get me to even go to a preorder site