Topic: "Condo" for your Avalon chips: Price Drastically Reduced! - page 6. (Read 17896 times)

Thanks, BenTuras. Appreciate the input.

I want input on this: which mining pool should the whole condo complex join?

If the condo complex is large enough, it should be its own mining pool. Or are there still advantages to just joining a mining pool even in this case?

It's indeed normal post, and not UPS or Fedex.
No idea what you mean by tariff and custom tax, if any, will be paid by the recipient.

Quoting myself above:


How about this: to make it even more compelling, in case of downtime, I will guarantee less than ten minutes of downtime, even if your condo system  breaks down. While it is being repaired, we will switch all owners in that condo system over to one of the Centerus systems. We take the loss, not you. The condo management software will do the switch, automatically; that's how I can guarantee less than ten minutes downtime.

That's well and good, from the Netherlands. This is using normal post, right? As opposed to using either UPS or Fedex? How about tariff or customs tax?

Can anybody else tell us how much it would cost to ship from Germany using normal post?

I posted a box with a total weight of 11 pounds from the Netherlands to the USA, insured(€3000), track & trace and have to be signed for when received for €60 yesterday. €60 is us$78. It will arrive in 4-8 working days.

It definitely costs much more than $25 to ship from Europe to the U.S.

Here's how much UPS charges for shipping something worth $105, weighing 5Lbs, from Germany to USA: $211.42 (UPS Express Saver)

From Sweden to USA: $222.45 (UPS Expedited -- lowest cost)

You are really much better off shipping Bitcoins than physical objects.

Yes it is cheaper if you are in same country as assembler.However I have products shipped form EU to US fairly often and the total costs should not exceed 25 dollars by my estimate.so we are still at less then 1 BTC at current market value.I think 10 chip modules should not exceed $150 USD and that is at the most.Many people want product in hand,however there may be a few who may not be able to miner to have a miner at home or just dont want to deal with it and those are the people your offer is catered towards.But that niche I do not think will pay what you are asking.Also keep in mind that some developers have already brought up the idea of them hosting their own products for a maint/elec fee.and if they do theyre product before fees is less then hlaf of yours and then they would be offerin gan almost identical service.Put up a poll with some well researched prices and see what people think.Competition makes any market healthier in my opinion so best of luck to you.

Who's taking care of shipping costs? What about tariff? If you are in the same country as the person building the system for you, then it's OK.

Given all this, what do you think would be a reasonable price for the condo deal?

EDIT:Seems I was typing this at same time OP was replying to previous posts.


I was wondering the same thing.Burnin was one of the first(that I was aware of) but not the only designer to put forth the 10 chip board solution and he is fairly confident in his 80 EUR/105USD pricing(I believe he said +/- 10% MAX) and others who have said that should be the sweet spot also.At this moment Gox average is 142$ and if we look at the last 2 weeks of market data we will see that there has been some serious buy walls at 120$USD so chances are low that we will see price go below that this week.But even at 120 per btc your prices are really really unreasonable IMO for the service and product you offer.I am not attacking you I am just trying to make you aware of the current environment for similar offerings.To break it down

Prices based on MTGOX Weighted Average on April 30 6:17 GMT

Your offer-$363.27 USD (2.54btc*143.02$)+Electricity costs and Maintenance Fee(yet to be determined)

-You install 10 of my chips on a board made specifically to operate in a custom setup referred t as a condo

-You install this board into a custom setup you call a condo

-You  handle operation of this condo

-You keep my hardware in the Phillipines (i am gonna assume if I ever want my hardware ill have to pay you shipping,not that i am sure itll be much use outside of your "condo")

-You allocate me my share of mining proceeds

Burnins (and a few other developers) offer-$105 USD +/_- 10% (this is ballpark but research and BOM shows it to be fairly accurate)

-they install 10 of my chips into standalone unit with daisy chaining/modular capabilities

-they ship unit to me

-I handle operating costs

-I handle mining

-I have hardware in hand to do with as I please

-Most likely bulk discounts


For most people this seems like the choice is obvious.I woul dconsider changing your pricing structure to be more competitive in what is gearing up to be a very competitive market.just my 2 cBTC

No, you are not being rude. I am glad you brought this up, because I want to make this deal as good as possible both for the buyer and Centerus. If nobody raises the questions you are now raising, I will never know why nobody's attracted to the whole deal. I should thank you.

This is designed for people who bought the chips but don't have the time or the skills to build their own systems. If you can build it yourself, that's perfect. Yes, $355.60 is more than triple the European design you mentioned. (I think I know which design you are talking about.) Here are the advantages:

1. If you are outside of that country where this cheaper system is built, you will have to factor in the costs of shipment, and most specially import tariff. There is also risk involved during transit. In the case of the condo deal, what gets shipped to you are Bitcoins.

2. What are you really after when you bought these chips? Are you after the fun of having the machine in your house, something to show to your friends? Or are you after the potential earnings?

3. As for the maintenance fees and electricity fees, these will be minimal. The condos will be guarded 24/7, and there will be at least one person on site during the day. Labor is cheap in Cebu, so these won't cost much. The building these condo systems will be housed in has its own emergency electricity generators. If you put your mining equipment in your own home, you yourself will have to make sure that your systems are all up and running every day.

4. We will strive for maximum uptime. If there is downtime, everybody in the condo system that's down don't earn the Bitcoins they should be earning. If only one of the four "floors" in a system is down, the whole condo system will have to be shut down to fix that single floor. (All four floors in a condo system share the same power supply.)

5. At this point there is no provision for insurance, so if a natural calamity hits the building where the systems are located, tough luck. However, I can tell you that there are critical operations of some U.S. companies housed in some of those IT Center buildings. The typhoons that hit Cebu are not as severe as those that hit Manila. The IT Centers in Cebu don't get flooded.

What I am offering here is simply less hassle, less headache. You give me your chips, and part with some of your Bitcoins, and I will take care of the rest. If I damage one of your chips in any way, then I will replace it. (That's one of the reasons why Centerus just bought some chips ourselves.) We will test your chips to determine that all your chips work when these arrive at the site. If a chip arrives with its functionality impaired, we will let you know and you can either pay us for replacement chip(s) or reduce your portion of the condo income.

Wait, so is 2.54BTC per 10-chip "floor" (plus chips) the newer pricing? Not to rain on your parade, but there are others offering to build and send users a 10-chip unit for 80 Euros (about $105USD). Compared to your 10-chip unit (which I don't even get to keep) for $355.60 at a $140USD/BTC exchange rate. PLUS they have to pay management fees, etc.

I'm not trying to be rude here, but what's the draw? Why would somebody pay 3+ times as much money for boards they can't possess that they're stuck paying "management fees" on, to some guy they don't know, who forever holds their stuff in a foreign country? What happens if something goes wrong, and a bunch of boards get fried. How do you decide whose boards those were, and who's not gonna get paid anymore? What if the building you're hosting them in gets flooded? Do you have insurance? Are you going to be able to pay people back for their damaged equipment? What about lost revenue?

Most people are better off paying way less money to have somebody else assemble it, owning the equipment, running it themselves for no mangement fee, using electricity costs as a tax write-off. Again, I'm not being mean. I just really don't understand what it is that you're offering to people that is better than what's already out there?

My discussions with Shibaji has enlightened me to the fact that my previous price was too high, so I lowered the price drastically. I just based it on Avalon's Batch 3 pricing. I will now remove the formula.

Either your math, or your formula is wrong. The price for a 2.82 Gh/s unit should be, assuming 2 months to come online from today:

(2.82*155520000/8974296.01488785)*(1+2) = 146.60 BTC, not 2.54 BTC

Your math is wrong, your terminology is confusing, you are not re-assuring people you have EE skills to assemble the chips in functional units, etc... I don't think you will attract any customer this way.

Not to worry. In time, people will see how serious I am about this. The chips won't arrive until July.

Do these condos come with free WIFI and cable TV?  

Sorry.. I couldn't help myself. It's hard for me (and most likely potential investors) to take this seriously with your unconventional naming.

I cancelled my order with [Group Buy #2], and ordered 960 chips from Zefir instead. This project is definitely ON! There's no turning back now.

The first condo system will be occupied by Centerus, and will not be listed in the spreadsheet. The purpose of this first system is mainly for debugging. You don't want to own any unit on this system because it will be redone to fix hardware/software bugs.

The second condo system is named "Coco Nut Shade", to be owned by you:

Condo System 1: No Name, for debugging
Condo System 2: Coco Nut Shade
Condo System 3: Banana Grove
Condo System 4: Beach Side
Condo System 5: Mango Bongo
Condo System 6: Avocado Voodoo
...

All condo systems to be occupied by the Centerus chips will be built last.

I have just pledged for 1,000 chips with RagingAzn628's [Group Buy #2]. If this buy gets enough pledges for 10,000 chips, this project will also proceed. (I will be building 3 condo systems for myself, if [Group Buy #2] proceeds.)

Going to bed now. Be back tomorrow morning, about 8 hours from now.

By the way, I live in Cebu, but am currently on assignment in the East Coast.

Hi Dabs, yes I live in Cebu, but I am originally from the island of Mindanao.