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Topic: iBelink DM11G - Group Buy - Cancelled - page 5. (Read 5734 times)

legendary
Activity: 1109
Merit: 1000
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?
Just guessing here, but my bet is that we have over 50, and there will have to be a queue of buyers for any rigs which don't get paid for from the first-50. They will have to jump in quickly to fill any gaps.
Perhaps an spreadsheet with the 50 slots filled in the the same order as paid? Refund anyone who's on the outside looking in? IDK...
hero member
Activity: 868
Merit: 517
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

  
hero member
Activity: 952
Merit: 508
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?
legendary
Activity: 1109
Merit: 1000
I guess BTC could be used but not sure how to handle the second 50%- 

I suppose this would be up to what payment methods that the manufacturer supports and the person doing escrow is willing to handle.

If the person doing escrow can't do wire transfer that would rule them out.

Correct, also all the buyers need to be protected from fluctuations in crypto as pointed out.  That is why I suggest Wire but ultimately escrow can make that decision with the community if this comes together.
Prefer Wire, as I don't have 4 BTC handy currently. Localbitcoins takes a while to convert... Would need some advance warning if I had to do BTC by Friday...
I might be able to swing 2 rigs though, wife will kill me, but if I can get ROI fairly quickly, perhaps I will be out of the doghouse...
legendary
Activity: 980
Merit: 1001
aka "whocares"
I guess BTC could be used but not sure how to handle the second 50%- 

I suppose this would be up to what payment methods that the manufacturer supports and the person doing escrow is willing to handle.

If the person doing escrow can't do wire transfer that would rule them out.

Correct, also all the buyers need to be protected from fluctuations in crypto as pointed out.  That is why I suggest Wire but ultimately escrow can make that decision with the community if this comes together.



3 units for me

added to the list



I want to be 100% transparent.  As per the OP I have offered philipma1957 $100/unit or $5000 to do the escrow service for this deal.  If he accepts he will post here himself.  DO NOT SEND ANY MONEY OR BITCOIN TO ME OR ANYONE ELSE.  If you receive any correspondence asking for money it is a  scammer
newbie
Activity: 8
Merit: 0
3 units for me
sr. member
Activity: 504
Merit: 250
I guess BTC could be used but not sure how to handle the second 50%- 

Only way would be to liquidate the BTC @ market price instantly on receipt OR send 100% of payment up-front to iBelink for them to liquidate. 'Playing the market' with $500k (Leaving it in Crypto, while purchasing a fiat denominated product) makes it something different entirely.
legendary
Activity: 1109
Merit: 1000
Where is your data center located?

Do you know individual shipping weight of each miner?

There are 3 people in our group with data centers.  1 is in Texas, 1 is in Arizona and 1 is in Missouri
Arizona? Where? Im in Phoenix.
hero member
Activity: 952
Merit: 508
I guess BTC could be used but not sure how to handle the second 50%- 

I suppose this would be up to what payment methods that the manufacturer supports and the person doing escrow is willing to handle.

If the person doing escrow can't do wire transfer that would rule them out.
legendary
Activity: 980
Merit: 1001
aka "whocares"
I guess BTC could be used but not sure how to handle the second 50%-  

I have messaged philipma about providing escrow.  If he accepts to escrow the payment arrangements can be per his request.
hero member
Activity: 952
Merit: 508
Truth be told , trying to organize this before Friday is difficult if not impossible.  But you never know if someone wants to buy a bunch then it could happen.

Yeah I see that as a challenge for any of these types of GB
legendary
Activity: 980
Merit: 1001
aka "whocares"
Truth be told , trying to organize this before Friday is difficult if not impossible.  But you never know if someone wants to buy a bunch then it could happen.
hero member
Activity: 952
Merit: 508
Where is your data center located?

Do you know individual shipping weight of each miner?

There are 3 people in our group with data centers.  1 is in Texas, 1 is in Arizona and 1 is in Missouri

Damn, will it be shipped to Texas? I could locally pick it up perhaps.
legendary
Activity: 980
Merit: 1001
aka "whocares"
Where is your data center located?

Do you know individual shipping weight of each miner?

There are 3 people in our group with data centers.  1 is in Texas, 1 is in Arizona and 1 is in Missouri
hero member
Activity: 952
Merit: 508
Where is your data center located?

Do you know individual shipping weight of each miner?

Shows 22kg in specs above so can guesstimate on that.
member
Activity: 91
Merit: 10
Where is your data center located?

Do you know individual shipping weight of each miner?
hero member
Activity: 952
Merit: 508
For those interested, here is the link with specs on Bitbaza if you use Google Chrome it can translate the page.


http://bitbaza.com/shop/25/desc/ibelinkdm11g
Quote
Heshreyt: 10.8 GH / s ± 5%
Energy consumption: 730 W (at an ambient temperature of 25 degrees Celsius)
Efficiency: 0.07 W / MH (at ambient temperature of 25 degrees Celsius)
number of chips TNB0303-FL28 28nm: 64
Operating Temperature: 0 ° C to 40 ° C
Mains: Ethernet
Power supply: 110V to 240V, 50Hz / 60Hz, built BP at 850W
Certification: FC, CE, LVD
device Dimensions: 490mm (L) * 350mm (W) * 180mm (H)
Weight: 22 kg Packets

iBelink ™ DM11G Dash for mining and X11 most energy-efficient and high-yield miner in Mire.Energopotreblenie miner is only of the order of 730W while Heshreyt reaches 11GH / s (11000MH / s) . The decision was the most powerful solution on the algorithm X11, ahead of the nearest competitors ten times the performance and energopotrebleniyu.Ustroystvo was developed by a consortium of Chinese high-tech Tiannengbo Group companies. iBelink ™ DM11G retained the appearance and structure as the previous model DM384M.Ustroystvo got new chips TNB0303-FL28 28nm located on four boards, each of which is located 16 chips. The control board Raspberry Pi B +, the device has the functions of: self-test, to alert email, reboot, self-healing, thus making separate apparatus nadezhnym.Takzhe of the cooling system and heat dissipation: the noise and heat from the miner twice lower in comparison with the miners, Bitcoin Asic. iBelink ™ DM11G-revolutionary solution that will provide a quick payback and easy maintenance.
Minimum order: from 10 pieces
Price: 7500 USD
Shipping: 3 months
Payment: at the factory iBelink in USD / BTC (50% in advance, 50% before shipment)
Warranty: 90 days from date of shipment

Logistics and insurance are included in the price of
conclusion the plant may contract before April 31, 2017

Hash Rate: 10,8GH / s ± 5%
Power Consumption: 730 W (at the wall, with 25 C ambient temp °)
Power Efficiency : 0.07 W / MH (at the wall, with 25 ° C ambient temp)
Number of TNB0303-FL28 chips per unit: 64
Operating Temperature: 0 ° C to 40 ° C
Network Connection: Ethernet
Power Supply: 110V to 240V, 50Hz / 60Hz, PSU 850W included
Dimensions: 490mm (L) 350mm * (the W) * 180mm (H)
the Weight: 22 kg

of the iBelink DM11G ™ is the world's will most power-efficient Dash and the X11 the ASIC miner. World's best ROI for any X11 Dash miner or any other Asic miner. Extremely low power consumption only 730W.New 28nm ASIC chip TNB0303-FL28 with best Power Efficiency 0.07J / MH. This high-performance miner is brought to you by Tiannengbo Group, a consortium of high tech companies based in China. The iBelink ™ DM11G is a highly- integrated Dash and X11 miner. You just need to connect a power cable and an Ethernet cable to set up the miner. It is designed for both large scale mining farm deployments as well as at-home mining. Four high speed cooling fans (by default connected to a 12V power supply) can be manually connected to a reserved 5V power supply after open box rewiring to minimize noise with the trade off of some hashing performance. This miner has been designed with several self -diagnosing, self-recovery, and automatic email warning capabilities to make your mining life easier. The iBeLink ™ DM11G Dash and X11 miner contains 4 hashing blades and a Raspberry Pi B + . Each hashing blade contains 16 TNB0303-FL28 28nm ASIC chips, and can be managed (or controlled) for mining separately.
Information Part the Sales:
of The iBeLink DM11G ™ is sold A through bitbaza.com online store. Your order will be shipped to your address directly from China through DHL / UPS Worldwide Saver service. In general, it should take one to two weeks for your order to reach you. Shipping is not included in the price of the units. Payment is with bitcoin or in USD to Bank account in USA.
Warranty:
A 90-day warranty is provided starting from the shipping date. All sales are final. Defective machines will be repaired for free under the warranty policy. The following events will void the warranty: Overclocking the miner will void the warranty immediately. Customer removes / replaces any components by himself without receiving permission from manufacture. Damage caused by poor power supply, lightning or voltage surges. Burnt parts on hash boards or chips. Miner / boards / components damage due to water immersion or corrosion due to wet environment.
legendary
Activity: 1894
Merit: 1087
Can you elaborate on why the Friday deadline?

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.

 and say they already met and exceeded the "min qty"
hero member
Activity: 952
Merit: 508
I want to say 1 tentatively for me - the challenge I have right now is I just made some large purchases and to do a wire transfer of that much cash is a bit more difficult than transferring that amount of crypto.

legendary
Activity: 1894
Merit: 1087
Can you elaborate on why the Friday deadline?

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.
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