Yes, they will buy starter kits.
As we are just shy of three starter kits I added a buffer order.
Coiner.de, 1, 10, 95786c80ce63185b376bf093915d61e4063bc7509057efc2c9e5f0f1ddfacec1
"buffer"?
Please add this to the very end of the queue and only use as much shares as are needed to get that extra device.
That is, please place all following orders ( if there are any ) before this one in the queue.
I hope I made my intentions clear and you don't mind any extra effort you have.
Topic: [MOVED] BITFURY group buy and HOSTING in Poland EU [3 units ordered] - page 3. (Read 10242 times)
July 08, 2013, 02:06:11 PM
July 08, 2013, 10:52:59 AM
I'd be interested but I see there is no big interest in this buy just a few hours before its end.
With current status: 46/300, let's say +10-20 till the end, what exactly are you going to buy? 25 GH/s devices?
With current status: 46/300, let's say +10-20 till the end, what exactly are you going to buy? 25 GH/s devices?
July 08, 2013, 04:16:59 AM
I would be interested if the expense ratio was maybe 8-10% instead of 13%. At 13% you earn something like $2700 in month 1 alone, to cover "management" (not including electricity!), then incrementally smaller payments from there. There is already a pretty big premium on group A, and trying to make our way back to a profit at 87% payout rate could be daunting. Just bringing this up since you may have to adjust the GB anyway, depending on what happens to BTC prices.
Again, I'm interested just a little concerned about the expenses.
Thanks for listening.
Again, I'm interested just a little concerned about the expenses.
Thanks for listening.
I've answered this before.
I will copy paste it again.
And the air cooling? And the power to run it? And the redundant internet connection? And the space where all the stuff is placed? And all the work made to set up things?
No hard feelings but simply imagine all the costs and fact that we you are saving 23% at the beginning of the hosting deal becouse there is no VAT applied. We can provide that since we are legitimate tax payers as registered company.
Simple math: You are saving yourself some time and money (+10% even with 13% hosting fee)
First month that might be quite good payout, since there was no big difficulty jump. But then it might become battle over pennies, and would you like to take care of sth everyday for 300$ a month?
this 3% will be hard to feel by investors anyway, but it's necessary to keep the stuff running in good conditions.
Sorry to hear that it's too much for you.
Feel free to join in anytime
July 08, 2013, 02:34:10 AM
I would be interested if the expense ratio was maybe 8-10% instead of 13%. At 13% you earn something like $2700 in month 1 alone, to cover "management" (not including electricity!), then incrementally smaller payments from there. There is already a pretty big premium on group A, and trying to make our way back to a profit at 87% payout rate could be daunting. Just bringing this up since you may have to adjust the GB anyway, depending on what happens to BTC prices.
Again, I'm interested just a little concerned about the expenses.
Thanks for listening.
Again, I'm interested just a little concerned about the expenses.
Thanks for listening.
July 07, 2013, 03:39:15 PM
Hi Felipeo, thanks for taking the time to answer, I appreciate that. I just have one more question, if I can try your patience for a little longer. So VAT-registered companies need to charge their customers VAT at the local rate right? (unless customers themselves are VAT-registered). So in a simple case, if a VAT-registered company in the UK buys a shovel for £100 they can claim the VAT back on this from HMRC (or get it VAT free when they purchase) and get the shovel for £83.33. However, when they sell the shovel to a customer for, say, £85 then they need to charge the customer VAT (or absorb it in their margin) on that to give a total of £102 and then pay the VAT to HMRC. I don't mean to be patronising, I know you guys know this already, I'm just trying to get my thoughts in order and check whether I understand things correctly. So my question is what happens if that company sell shares in the shovel rather than selling it as a whole? Shouldn't VAT be charged on these shares, won't HMRC be sending a VAT bill at the end of the quarter?
Thanks again, and sorry for turning your thread into a tax accountancy advice forum
!!
Thanks again, and sorry for turning your thread into a tax accountancy advice forum
!!No, shovel stays at our company, it will be used by our company so we don't need to pay VAT.
Thanks for that, I wasn't sure if you could do it like this or not. Thanks also for your patience with my pestering. Hope you enjoy your shovel!
July 07, 2013, 01:15:03 PM
tuxxilla, 1, 2, 1b2c9a677f2de9af216de3d1103fa911ee0a2fc6e4e3c19e68826f5b7048cef6
July 07, 2013, 10:24:02 AM
Hi Felipeo, thanks for taking the time to answer, I appreciate that. I just have one more question, if I can try your patience for a little longer. So VAT-registered companies need to charge their customers VAT at the local rate right? (unless customers themselves are VAT-registered). So in a simple case, if a VAT-registered company in the UK buys a shovel for £100 they can claim the VAT back on this from HMRC (or get it VAT free when they purchase) and get the shovel for £83.33. However, when they sell the shovel to a customer for, say, £85 then they need to charge the customer VAT (or absorb it in their margin) on that to give a total of £102 and then pay the VAT to HMRC. I don't mean to be patronising, I know you guys know this already, I'm just trying to get my thoughts in order and check whether I understand things correctly. So my question is what happens if that company sell shares in the shovel rather than selling it as a whole? Shouldn't VAT be charged on these shares, won't HMRC be sending a VAT bill at the end of the quarter?
Thanks again, and sorry for turning your thread into a tax accountancy advice forum!!
Thanks again, and sorry for turning your thread into a tax accountancy advice forum
!!No, shovel stays at our company, it will be used by our company so we don't need to pay VAT.
July 07, 2013, 08:27:34 AM
Coiner.de, 1, 20, 943458f8885f51bfa304dca3db5a8f142e3aae71aeaf848f86dd59c2cd19de0b
July 07, 2013, 05:02:14 AM
Hi Felipeo, thanks for taking the time to answer, I appreciate that. I just have one more question, if I can try your patience for a little longer. So VAT-registered companies need to charge their customers VAT at the local rate right? (unless customers themselves are VAT-registered). So in a simple case, if a VAT-registered company in the UK buys a shovel for £100 they can claim the VAT back on this from HMRC (or get it VAT free when they purchase) and get the shovel for £83.33. However, when they sell the shovel to a customer for, say, £85 then they need to charge the customer VAT (or absorb it in their margin) on that to give a total of £102 and then pay the VAT to HMRC. I don't mean to be patronising, I know you guys know this already, I'm just trying to get my thoughts in order and check whether I understand things correctly. So my question is what happens if that company sell shares in the shovel rather than selling it as a whole? Shouldn't VAT be charged on these shares, won't HMRC be sending a VAT bill at the end of the quarter?
Thanks again, and sorry for turning your thread into a tax accountancy advice forum!!
Thanks again, and sorry for turning your thread into a tax accountancy advice forum
!! July 06, 2013, 07:52:03 PM
A VAT-registered EU company should be able to buy stuff from bitfurystrikesback.com zero-rated.
Yes I run VAT-registered EU company so we will order without VAT.Quote
but aren't they then liable for VAT in their home country? Likewise, if bitfurystrikesback.com exports stuff outside the EU then VAT isn't due at point of sale, but will need to be paid on entry to the destination country.
I don't know what tax law will be in non EU destination, but If in fact you have to pay whatever it will depend on the declared value of the shipment IMO.
July 06, 2013, 02:50:08 PM
Hey guys, I was wondering if you'd be willing to share what your accountant's thoughts were on the VAT issue (please feel free to tell me to get lost)? I'm afraid that I'm a little confused (I'm easily confused 
). I wasn't aware that it was possible to avoid paying VAT, just that the country in which you pay VAT could be changed in certain circumstances. A VAT-registered EU company should be able to buy stuff from bitfurystrikesback.com zero-rated, but aren't they then liable for VAT in their home country? Likewise, if bitfurystrikesback.com exports stuff outside the EU then VAT isn't due at point of sale, but will need to be paid on entry to the destination country. Tax law is horribly complicated, so I'm probably missing something crucial, but if you have a solution that you'd be willing to share that would be great.
). I wasn't aware that it was possible to avoid paying VAT, just that the country in which you pay VAT could be changed in certain circumstances. A VAT-registered EU company should be able to buy stuff from bitfurystrikesback.com zero-rated, but aren't they then liable for VAT in their home country? Likewise, if bitfurystrikesback.com exports stuff outside the EU then VAT isn't due at point of sale, but will need to be paid on entry to the destination country. Tax law is horribly complicated, so I'm probably missing something crucial, but if you have a solution that you'd be willing to share that would be great. July 06, 2013, 11:39:35 AM
why do you think the 1 month advantage over say Knc Jupiters is worth the difference in cost?
First: Simply because I have never seen KNC working chip, or even prototype of ASIC chip made by them.
We got quite nice signs that bitfury chip is working and that it actually exist.(correct me if I am wrong)
KNC still has to develop \ deliver working chip.
Second: I want to start hashing asap, because that one month difference can be crucial to total amount of hashing power of the network. If Avalon will deliver chips & KNC will deliver, there will be huge difficulty jump. Until that time we will be happy hashing with our 400 GH/s. Maybe KNC or Avalon will have some sort of delay so difference can be even bigger for our favor. In other words we will slightly gamble on them failing to deliver on time.
July 06, 2013, 11:10:23 AM
why do you think the 1 month advantage over say Knc Jupiters is worth the difference in cost?
July 06, 2013, 07:43:49 AM
czspeedycz, 10, 10 BTC, 7b9c9aaf76fae4159d4187beabd5c9b4e2ae9de80efb5dfeec9c49c7cd2512e5
Thanks
Thanks
July 06, 2013, 04:45:33 AM
we have already collected 14 BTC, that means that for sure we will order something from punin, even one 25 GH/s board:)
July 05, 2013, 09:48:02 PM
so it is 13% + electricity? seems quite a lot compared to other hosting options I have seen.
And the air cooling? And the power to run it? And the redundant internet connection? And the space where all the stuff is placed? And all the work made to set up things?
No hard feelings but simply imagine all the costs and fact that we you are saving 23% at the beginning of the hosting deal becouse there is no VAT applied. We can provide that since we are legitimate tax payers as registered company.
Simple math: You are saving yourself some time and money (+10% even with 13% hosting fee)
July 05, 2013, 09:16:00 PM
And the price is also the same (for the same amount of GH/s)? Thanks for answers
unfortunately not, when we will be forced to order few single 25 GH/s boards, our hashing power will be decreased by ~6.5%, therefore each share hashing power will be slightly lower (-6.5%)
July 05, 2013, 04:35:19 PM
And the price is also the same (for the same amount of GH/s)? Thanks for answers
July 05, 2013, 04:24:54 PM
I would buy 10 shares. But could you explain me please the plan with Starter boards? The price is +- the same for the same hashing power? So if I buy 10 shares (it si 11 GH/s) I will have then 11GH/s in these boards? And when they will be ready to hash? Thanks
Plan with boards is backup plan, if we will not be able to collect 300 BTC we will order those 25 GH/s boards with money we will collect for our group buy.
According to seller they should be available the same time.
July 05, 2013, 02:42:36 PM
I would buy 10 shares. But could you explain me please the plan with Starter boards? The price is +- the same for the same hashing power? So if I buy 10 shares (it si 11 GH/s) I will have then 11GH/s in these boards? And when they will be ready to hash? Thanks
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