Topic: *Failed*[Group Buy] 1070ti BULK BUY straight to OEM - page 3. (Read 4193 times)
Amir check your email my friend is still interested and would like to meet up thanks.
in which form should we provide proof of funds?
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
Letter from your bank stating you have the funds available to make a purchase of X size
For this week's milestone if you can get a copy of your statement or screenshot of your balance while your bank puts the paperwork together it would help.
What are the details? Can we discuss over the phone? We can use this now... haha
UPS hasn't been bad, as long as we keep the volume up we can get things from point A to point B pretty much anywhere in the world (with a few exceptions) for very cheap.
Freight / Air Freight is also not so bad, as long as we schedule everything well over a month in advance. It's the last minute freight deliveries that end up costing a ton.
Amir
Hey Amir.
Feel free to contact me via any of the methods I have on my profile here. preferably skype so we can organize a call
Best.
in which form should we provide proof of funds?
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
Letter from your bank stating you have the funds available to make a purchase of X size
For this week's milestone if you can get a copy of your statement or screenshot of your balance while your bank puts the paperwork together it would help.
What are the details? Can we discuss over the phone? We can use this now... haha
UPS hasn't been bad, as long as we keep the volume up we can get things from point A to point B pretty much anywhere in the world (with a few exceptions) for very cheap.
Freight / Air Freight is also not so bad, as long as we schedule everything well over a month in advance. It's the last minute freight deliveries that end up costing a ton.
I was interested. But how does the MOQ go from 10k units ($350 ea) at $3.5M to 50K+ units at $20M a few days later to now 200K units at $70M 9 hrs. Later. This is either insane or a scam as the numbers keep changing!
Greed and stupidity. By the time this "deal" comes together Volta will be shipping and no one will want their order.
If we get this deal together we'll be one of the first to get Voltas.
Q) Will we fall short of 100M and fail to get this order in?
A) It's very probable.
Q) Is there 100M out there of capital that is interested in buying these cards, and do they have a trustless way of helping us get to the next step?
A) 100%.
It's definitely doable. We just have to put this in front of the right people with the right checkbooks, and then work our a**es off to make sure they are 100% satisfied and all their terms are met.
I'm confident my team will pull through on that.
All we need right now is Proof of Funds.
Best,
Amir
in which form should we provide proof of funds?
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
I was interested. But how does the MOQ go from 10k units ($350 ea) at $3.5M to 50K+ units at $20M a few days later to now 200K units at $70M 9 hrs. Later. This is either insane or a scam as the numbers keep changing!
Greed and stupidity. By the time this "deal" comes together Volta will be shipping and no one will want their order.
I was interested. But how does the MOQ go from 10k units ($350 ea) at $3.5M to 50K+ units at $20M a few days later to now 200K units at $70M 9 hrs. Later. This is either insane or a scam as the numbers keep changing!
So what is the moq now? Way more than 10k it seems. Unless you have a very large investor i dont think a group of miners will be buying 50k-100k 1070ti cards in one fell swoop from this community and be able to line up all the details, funding etc. Although the price point is interesting....i could be wrong and hope i am.
MOQ is 200,000 units, and we do have extremely large buyers interested. Working on setting up meetings this week. I'm very optimistic after today's calls.
Dam thats a crazy amount of cards. Ok will follow im just a possible small amount but will grab on if the cards fall right
So what is the moq now? Way more than 10k it seems. Unless you have a very large investor i dont think a group of miners will be buying 50k-100k 1070ti cards in one fell swoop from this community and be able to line up all the details, funding etc. Although the price point is interesting....i could be wrong and hope i am.
MOQ is 200,000 units, and we do have extremely large buyers interested. Working on setting up meetings this week. I'm very optimistic after today's calls.
So what is the moq now? Way more than 10k it seems. Unless you have a very large investor i dont think a group of miners will be buying 50k-100k 1070ti cards in one fell swoop from this community and be able to line up all the details, funding etc. Although the price point is interesting....i could be wrong and hope i am.
In the US possibly interested in 50 or so cards. How will all the logistics work? I would need to be able to use escrow if im going in on someone elses deal if thats possible. Im in the US, and when would you be looking to make the order since there is a 8-10 week lead time. Thanks.
We can talk about adding onto my order. Where are you in the us? Would be nice to meet in person if we could. I’m hoping to have most people that add on use PayPal or Etsy / eBay for protection, but I should be able to cover some people that won’t do those methods.
I'm in New England, possibly interested in 50 also.
Great, can we meet up in person one day this coming week? I would like to meet with 3 or 4 veteran members to gain some validation for sponsoring others on here. You can contact me through skype, email, ( [email protected]) telegram ( @saj1420 ) or I can PM you my cell if you prefer.
Tried to get in touchb Skype and Telegram, no luck. Sent you a PM hit me back so we can talk more.
Any updates Amir?
Hey everyone, sorry for the delays. Had a very fruitful trip to NYC on Sunday, met with our reps, met with Saj, and got some questions answered:
1) Kingston: I brought up our concerns during the meeting, and it turns out there was a huge misunderstanding. You guys are right, Kingston has nothing to do with NVIDIA memory, and I mixed up two completely separate deals. The memory shortage is still true, but NVIDIA gets their chips from Samsung and one other major manufacturer which you all know but due to the NDA I signed, I cannot disclose.
I take 100% responsibility for this confusion, I completely misunderstood the details of what was being presented to me and then failed to check my doubts with some quick google searches. My background is electrical engineering, so trust me I understand the difference. Just did not look into it deeply enough.
2) Warranty, support, samples, etc: these and all other terms can and will be discussed once we show proof of funds. We operate at or above 100% delivery commitment with the factory and we will not approach them unless we're 100% certain we can follow through. We can't flash big numbers without follow-through, and we can't get to the front of the line unless we have a big enough order. If we put together a deal that's massive enough, we will negotiate favorable terms. Warranty, samples, the whole nine yards. Anybody that's in this industry can tell you, with graphics cards pricing changes every day. We need to move fast if we want to lock down this price and lead time.
What this means for you: All we need is proof of funds. Nobody is asking you to send money to anyone. If 1070ti at $350 is something that excites you, all we need to make it happen is how many you're interested in and proof that you hand the funds to follow through on that order. We have an initial milestone of $20M this week. If we can put together $20M PROOF OF FUNDS by Wednesday/Thursday then we will move on to the next milestone. If we can't get $20M in proof of funds by this week, there is absolutely no way we're going to put together a 100M+ deal in any reasonable amount of time.
The point here is to figure out very quickly whether or not this is going to happen, and if it isn't we should minimize the amount of time we waste.
Progress: We have about $4M in proof of funds to be collected by Wednesday so far. We're meeting and taking phone calls all this week with Miners, VCs, Investment Bankers, and anyone else with deep pockets that's interested in buying lots of cards. 16M to go.
All we need to do is show that we're serious and that we deep enough pockets to back up our interest. From there, we will fight to get the best terms. Once we've locked down terms we pay the factory with credit (not the money you've put in escrow). Once the cards are made, they ship them to us, we inspect, and if all is well we release our funds.
Hope this clears up some confusion. Back to the grind for us. If you need me urgently, try pinging me on telegram @amirofcrypto.
All the best,
Amir
While it's nice to have this additional information again I find myself not able to fully understand what is going on here. This group buy started at 10k units at a total value of $3.5m, the first post (last updated 3 days ago) shows commitments of about 5k units suggesting a status of about halfway.
In this post you indicated that you have commitments for over 11k units already and you are seeking commitments for an additional 45k+ units to even move forward. How are any of us expected to plan our financial commitments when the group buy is drastically changing constantly? Over the last few days the minimum appears to have ballooned by nearly a factor of 6!
NVIDIA's annual revenue is in the billions, they don't do deals in in the hundreds of thousands of dollars, and getting a ~5M deal done would have to be a favor, even when NVIDIA isn't as hot as it is right now.
People don't always take you seriously (especially online) when you start to throw around massive numbers. We could never crowdfund an order like this online in a reasonable amount of time, and even if we did it would fail miserably because the operational capacity to ship hundreds of thousands of cards to small buyers all around the globe doesn't just pop up out of nowhere.
The only way to get this done is to go through our networks and assemble all the biggest buyers. If we're able to pull that off, we can carve out a juicy order for ourselves here.
So far today we've had some really promising conversations, still sitting at 3.5M in proof of funds. We are meeting with this guy tonight, who is apparently really interested in mining: https://www.linkedin.com/in/michaelhchang/
Wish us luck.
All we need is proof that there are people interested who have the money. Nobody writes a single check.
Any updates Amir?
Hey everyone, sorry for the delays. Had a very fruitful trip to NYC on Sunday, met with our reps, met with Saj, and got some questions answered:
1) Kingston: I brought up our concerns during the meeting, and it turns out there was a huge misunderstanding. You guys are right, Kingston has nothing to do with NVIDIA memory, and I mixed up two completely separate deals. The memory shortage is still true, but NVIDIA gets their chips from Samsung and one other major manufacturer which you all know but due to the NDA I signed, I cannot disclose.
I take 100% responsibility for this confusion, I completely misunderstood the details of what was being presented to me and then failed to check my doubts with some quick google searches. My background is electrical engineering, so trust me I understand the difference. Just did not look into it deeply enough.
2) Warranty, support, samples, etc: these and all other terms can and will be discussed once we show proof of funds. We operate at or above 100% delivery commitment with the factory and we will not approach them unless we're 100% certain we can follow through. We can't flash big numbers without follow-through, and we can't get to the front of the line unless we have a big enough order. If we put together a deal that's massive enough, we will negotiate favorable terms. Warranty, samples, the whole nine yards. Anybody that's in this industry can tell you, with graphics cards pricing changes every day. We need to move fast if we want to lock down this price and lead time.
What this means for you: All we need is proof of funds. Nobody is asking you to send money to anyone. If 1070ti at $350 is something that excites you, all we need to make it happen is how many you're interested in and proof that you hand the funds to follow through on that order. We have an initial milestone of $20M this week. If we can put together $20M PROOF OF FUNDS by Wednesday/Thursday then we will move on to the next milestone. If we can't get $20M in proof of funds by this week, there is absolutely no way we're going to put together a 100M+ deal in any reasonable amount of time.
The point here is to figure out very quickly whether or not this is going to happen, and if it isn't we should minimize the amount of time we waste.
Progress: We have about $4M in proof of funds to be collected by Wednesday so far. We're meeting and taking phone calls all this week with Miners, VCs, Investment Bankers, and anyone else with deep pockets that's interested in buying lots of cards. 16M to go.
All we need to do is show that we're serious and that we deep enough pockets to back up our interest. From there, we will fight to get the best terms. Once we've locked down terms we pay the factory with credit (not the money you've put in escrow). Once the cards are made, they ship them to us, we inspect, and if all is well we release our funds.
Hope this clears up some confusion. Back to the grind for us. If you need me urgently, try pinging me on telegram @amirofcrypto.
All the best,
Amir
While it's nice to have this additional information again I find myself not able to fully understand what is going on here. This group buy started at 10k units at a total value of $3.5m, the first post (last updated 3 days ago) shows commitments of about 5k units suggesting a status of about halfway.
In this post you indicated that you have commitments for over 11k units already and you are seeking commitments for an additional 45k+ units to even move forward. How are any of us expected to plan our financial commitments when the group buy is drastically changing constantly? Over the last few days the minimum appears to have ballooned by nearly a factor of 6!
Ok, so the MOQ has gone up considerably from 10k units, since that would only be $3.5M. Keep us posted. Thanks Amir.
Any updates Amir?
Hey everyone, sorry for the delays. Had a very fruitful trip to NYC on Sunday, met with our reps, met with Saj, and got some questions answered:
1) Kingston: I brought up our concerns during the meeting, and it turns out there was a huge misunderstanding. You guys are right, Kingston has nothing to do with NVIDIA memory, and I mixed up two completely separate deals. The memory shortage is still true, but NVIDIA gets their chips from Samsung and one other major manufacturer which you all know but due to the NDA I signed, I cannot disclose.
I take 100% responsibility for this confusion, I completely misunderstood the details of what was being presented to me and then failed to check my doubts with some quick google searches. My background is electrical engineering, so trust me I understand the difference. Just did not look into it deeply enough.
2) Warranty, support, samples, etc: these and all other terms can and will be discussed once we show proof of funds. We operate at or above 100% delivery commitment with the factory and we will not approach them unless we're 100% certain we can follow through. We can't flash big numbers without follow-through, and we can't get to the front of the line unless we have a big enough order. If we put together a deal that's massive enough, we will negotiate favorable terms. Warranty, samples, the whole nine yards. Anybody that's in this industry can tell you, with graphics cards pricing changes every day. We need to move fast if we want to lock down this price and lead time.
What this means for you: All we need is proof of funds. Nobody is asking you to send money to anyone. If 1070ti at $350 is something that excites you, all we need to make it happen is how many you're interested in and proof that you hand the funds to follow through on that order. We have an initial milestone of $20M this week. If we can put together $20M PROOF OF FUNDS by Wednesday/Thursday then we will move on to the next milestone. If we can't get $20M in proof of funds by this week, there is absolutely no way we're going to put together a 100M+ deal in any reasonable amount of time.
The point here is to figure out very quickly whether or not this is going to happen, and if it isn't we should minimize the amount of time we waste.
Progress: We have about $4M in proof of funds to be collected by Wednesday so far. We're meeting and taking phone calls all this week with Miners, VCs, Investment Bankers, and anyone else with deep pockets that's interested in buying lots of cards. 16M to go.
All we need to do is show that we're serious and that we deep enough pockets to back up our interest. From there, we will fight to get the best terms. Once we've locked down terms we pay the factory with credit (not the money you've put in escrow). Once the cards are made, they ship them to us, we inspect, and if all is well we release our funds.
Hope this clears up some confusion. Back to the grind for us. If you need me urgently, try pinging me on telegram @amirofcrypto.
All the best,
Amir
Any updates Amir?
GPUs will prly look like this ; )
where'd u find this on dhgate?
I'm looking to get anywhere from 50 to 300 cards, but I also have questions about the some of the items that have been asked. My concerns are:
- The Kingston memory?? - and the related question of what is the performance of the memory? Is it Samsung or Micron speed, or neither?
- Can we see sample of the GPU? Will it look just like a FE card but be unbranded? Sorry if this has been answered.
Kingston does not manufacture memory chips... Kingston manufactures MODULES from 3rd parties chips............
just from this detail this smells of scam.
just from this detail this smells of scam.
Thank you for this, we will ask at 1PM ET today. If anyone has any other well researched questions like this please get them in by 12PM ET today. That's about 3 hrs and 20m from now
Best,
Amir
Have any of these questions and concerns been answered at this point? Interested in around 100 cards but without some more information and transparency I find it very hard to commit funds.
Feel the same, even though I only plan on 10 I am waiting to see some of the questions answered
Kingston does not manufacture memory chips... Kingston manufactures MODULES from 3rd parties chips............
just from this detail this smells of scam.
just from this detail this smells of scam.
Thank you for this, we will ask at 1PM ET today. If anyone has any other well researched questions like this please get them in by 12PM ET today. That's about 3 hrs and 20m from now
Best,
Amir
Have any of these questions and concerns been answered at this point? Interested in around 100 cards but without some more information and transparency I find it very hard to commit funds.
Jump to: