When will these ship from the manufacturer?
Topic: iBelink DM11G - Group Buy - Cancelled - page 4. (Read 5721 times)
Can you elaborate on why the Friday deadline?
Why are these purchasing contracts for these so short on time?
Why are these purchasing contracts for these so short on time?
From what I know the manufacturer is ready to start the production of units and have given any Batch 1 customers a deadline to show up in Beijing in person and sign contracts.
There are several groups that are buying miners from the first production batch. The terms are the same for all groups, and one of the requirements is 100 units minimum order quantity. That's it.
If there are several groups and the minimum is 100 units, imagine the nuclear difficulty that it's going have on DASH.
Network hashrate for DASH is about 3TH, so if each iBelink DM11G does 10GH x 100 units = 1TH x 2 Group Buys = 2TH.
So that is more than half of the network hash added that is going be online. Anyone know how to calculate profits with the difficulty when that much is added? Lol
It seems pretty unrealistic to me that with current calculations, it says ROI is 30 days or less even at 0.30c kilowatt.
Just got home from a real world event. (Funeral)
Jeese 500,000 my gut says do this but let me think this over and get more details as that is 10x what I have ever held or done.
At kilo17 please pm some extra info.
As to how the seller/builder wants payment sent to their company.
No promises as to me doing this as it is quite a bit of $$$
Jeese 500,000 my gut says do this but let me think this over and get more details as that is 10x what I have ever held or done.
At kilo17 please pm some extra info.
As to how the seller/builder wants payment sent to their company.
No promises as to me doing this as it is quite a bit of $$$
Taking my wife and son out. I will PM the actual contract to you as well as additional info. You would only need to do the community side for a total of 50 units or $250,000. We will handle the other 50 from our side.
Sorry about your loss.
You are the most trustworthy person on the forum and I have complete faith and trust.
Just so everyone is aware, i've been monitoring the miner at the pool and the hashrate has dropped today to 7.2-7.5 ghs, its been like this for the last 3-4 hours.
Right now its currently hashrate is @ 7.31 GH/s, something to watch for!
Right now its currently hashrate is @ 7.31 GH/s, something to watch for!
1 of the 4 boards died/turned off maybe? Does look odd. At least we know iBeLink made a similar, yet slower miner last year so that makes it a bit less likely that this one is iffy
Just got home from a real world event. (Funeral)
Jeese 500,000 my gut says do this but let me think this over and get more details as that is 10x what I have ever held or done.
At kilo17 please pm some extra info.
As to how the seller/builder wants payment sent to their company.
No promises as to me doing this as it is quite a bit of $$$
Jeese 500,000 my gut says do this but let me think this over and get more details as that is 10x what I have ever held or done.
At kilo17 please pm some extra info.
As to how the seller/builder wants payment sent to their company.
No promises as to me doing this as it is quite a bit of $$$
Just so everyone is aware, i've been monitoring the miner at the pool and the hashrate has dropped today to 7.2-7.5 ghs, its been like this for the last 3-4 hours.
Right now its currently hashrate is @ 7.31 GH/s, something to watch for!
Right now its currently hashrate is @ 7.31 GH/s, something to watch for!
I am interested in 1!
Would be interested in 1, how come it is 100% and not 50% deposit?
It would be 100% to escrow and then escrow would send the other 50% at shipping time. That avoids trying to collect money from 50+ people 2-3 months from now. It would suck if the miners are ready and a bunch of people have not paid the second portion.
Sounds reasonable, thanks for the concise answer. Put me down for 1.
Updated list--
Would be interested in 1, how come it is 100% and not 50% deposit?
It would be 100% to escrow and then escrow would send the other 50% at shipping time. That avoids trying to collect money from 50+ people 2-3 months from now. It would suck if the miners are ready and a bunch of people have not paid the second portion.
Sounds reasonable, thanks for the concise answer. Put me down for 1.
What kind of contingency do we have here if we get to 50 and then one guy at the last minute has an issue with the wire transfer and we end up at 47?
Would the deal then be dead?
Would the deal then be dead?
No, I am sure we would step up and buy the extra couple. No way would we let it go for 3 units or whatever
I have some room personally to pickup extra units. I simply don't want to over commit to something that is 2+ months out in time but rather only book what I am 100% certain that I can pay for. That said, from the forum response to the miner so far it would seem exceptionally unlikely that it would be hard to resell a unit or two if needed to cover any 'late dropouts'.
Please let me know some details:
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
I will post all the specifics tonight. I am tied up for a few hours.
This deal will only work with a Verified Trustworthy Escrow like philipma1957. Most people know him on the forum and he has impeccable qualifications.List of buyers updated
Please let me know some details:
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
Much of this was dealt with in the OP.-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
Escrow: TBD
Cost: OP
Timeline: OP
Shipping: OP
That doesn't really answers any of my questions
Well hell, I want 1 piece of that gorgeous iBelink ass
P.S. Please provide further instructions when it's the case.Thank you
Please let me know some details:
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
Much of this was dealt with in the OP.-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
Escrow: TBD
Cost: OP
Timeline: OP
Shipping: OP
Please let me know some details:
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate
and so on ?!?
Hi Kilo, 1 unit fo me
Thks
Thks
What kind of contingency do we have here if we get to 50 and then one guy at the last minute has an issue with the wire transfer and we end up at 47?
Would the deal then be dead?
Would the deal then be dead?
No, I am sure we would step up and buy the extra couple. No way would we let it go for 3 units or whatever
Well here are the phases I see.
Phase 1 -- we have to identify a willing escrow account holder who can manage wire transfers. I don't know how many out there willing to escrow $285K in USD in a bank account somewhere. That shit could throw all kinds of IRS flags later on not to mention be an epic test of the escrow account holders trustworthiness
Phase 2 -- Identify 50 people to make the purchase
Phase 3 -- Get those 50 people to pay the escrow account holder on time, this means they'd have to make their payments by Thursday to clear by Friday most likely
Phase 4 -- Escrow account holder pays $125k to the manufacturer on Friday, sits on the rest until shipment.
I don't know about you but I think the biggest hinge here is the escrow account holder. Second being payment on time.
What kind of contingency do we have here if we get to 50 and then one guy at the last minute has an issue with the wire transfer and we end up at 47?
Would the deal then be dead?
Would the deal then be dead?
No, I am sure we would step up and buy the extra couple. No way would we let it go for 3 units or whatever
USAO, if the wife kills you then make sure to setup a deadman switch so that your system emails the forum so we know that your dead with an address so we can come to your funeral... Do you want us to bury you in the boxes the iBelink shipped in? Or do you have a preference? LOL
Hey, 10+ Grand is no laughing matter.LOL, I know it's not, but you have to admit it is pretty funny... This is why I try to keep dangerous objects out of the reach of the spousal unit!
USAO, if the wife kills you then make sure to setup a deadman switch so that your system emails the forum so we know that your dead with an address so we can come to your funeral... Do you want us to bury you in the boxes the iBelink shipped in? Or do you have a preference? LOL
Hey, 10+ Grand is no laughing matter. Jump to: