[Open - Group Buy]Dualminer USB ASIC scrypt miner $45 [USA Only][Batch #4] - page 13.

demonmaestro

hero member

Activity: 574

Merit: 500

Mining for the hell of it.

Quote from: btcshiner on February 14, 2014, 03:28:45 PM

Quote from: stex2009 on February 14, 2014, 02:38:14 PM

Quote from: demonmaestro on February 14, 2014, 08:53:26 AM

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Indeed. What my plan is truly is come sunday at 12:00pm CST is what ever the difference is to pay it back. so in all actually you will be paying $85.00. Its just high right now so just in case.

When do you order ? sunday ?
I am fine with giving you the difference and you refund back the overpayment.

I think ~ $700/BTC range may be a good time to order ?

Agreed at some poit we probably want to lock in a decent fiat price.

How about whatever BTC price is at 12pm CST saturday.?

btcshiner

full member

Activity: 478

Merit: 125

Quote from: stex2009 on February 14, 2014, 02:38:14 PM

Quote from: demonmaestro on February 14, 2014, 08:53:26 AM

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Indeed. What my plan is truly is come sunday at 12:00pm CST is what ever the difference is to pay it back. so in all actually you will be paying $85.00. Its just high right now so just in case.

When do you order ? sunday ?
I am fine with giving you the difference and you refund back the overpayment.

I think ~ $700/BTC range may be a good time to order ?

Agreed at some poit we probably want to lock in a decent fiat price.

stex2009

legendary

Activity: 1134

Merit: 1000

Quote from: demonmaestro on February 14, 2014, 08:53:26 AM

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Indeed. What my plan is truly is come sunday at 12:00pm CST is what ever the difference is to pay it back. so in all actually you will be paying $85.00. Its just high right now so just in case.

When do you order ? sunday ?
I am fine with giving you the difference and you refund back the overpayment.

I think ~ $700/BTC range may be a good time to order ?

milly6

legendary

Activity: 1632

Merit: 1010

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Seems to be a little excessive atm with the price on preev at 678.
678 x 0.126 = $85

Nezcoin

newbie

Activity: 13

Merit: 0

Price is climbing back up, slowly, we might not have to do any thing by Sunday.

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Yeah, the math is hurting me:

I paid 2.14BTC@around 750.00 for 20 units = ~ $1605.00.

+ new charge difference with BTC drop for me [.063X20] 1.26X~$625.00= $787.50

Sum of Group buy Price: ~$2392.00

Sum of Price on Dual Miner Site: ~$1842.00

Delta of Group Buy: ~$550.00

Arrgh...I'll let you know by Sunday. Tongue

drof69

newbie

Activity: 20

Merit: 0

I'll have to move some USD to BTC, but it's not a big deal considering the volatility of BTC right now. More than willing to help.

BorisAlt

sr. member

Activity: 280

Merit: 250

Demon, I am still deciding (before Sunday deadline) what to do. I have paid for 9 miners so far. PMd you with details.

demonmaestro

hero member

Activity: 574

Merit: 500

Mining for the hell of it.

Quote from: HolyScott on February 14, 2014, 08:42:54 AM

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

Indeed. What my plan is truly is come sunday at 12:00pm CST is what ever the difference is to pay it back. so in all actually you will be paying $85.00. Its just high right now so just in case.

HolyScott

full member

Activity: 181

Merit: 100

Umm, right now the price of bitcoin on several exchanges is about $630 * .17 = $107.10 A difference of $22 over the $85 purchase price. I feel thats little extreme for an item that is suppose to cost $85.00. 10 Units x $22.00 $220 is a fairly big cost difference.

Dunno

demonmaestro

hero member

Activity: 574

Merit: 500

Mining for the hell of it.

Quote from: csmflynt3 on February 14, 2014, 07:59:31 AM

That seems to make the most sense to me. So we owe an additional .063 BTC for each miner correct?

Yes.
I will send out a PM to all clients about this.
The Deadline is still Sunday 12:00pm CST.

csmflynt3

member

Activity: 86

Merit: 10

That seems to make the most sense to me. So we owe an additional .063 BTC for each miner correct?

demonmaestro

hero member

Activity: 574

Merit: 500

Mining for the hell of it.

Quote from: ofeefee on February 14, 2014, 01:19:54 AM

only fair way is figure out the new cost...we pay the difference or you refund original amount. give it to sunday as a deadline

That will probably be the best route.
I will make a deal with ya.

The new price will be BTC0.17 a DIFFERENCE of BTC0.063 per unit HOWEVER if the price of btc goes back up past $750 then i will refund the full amount of the Difference paid.

BTC1 =

Unless ya have a different idea.

somenormalguy

newbie

Activity: 50

Merit: 0

Sent payment and pm'ed. Sorry for the delay

ofeefee

legendary

Activity: 1023

Merit: 1001

Tokenize Fantasy Sports

only fair way is figure out the new cost...we pay the difference or you refund original amount. give it to sunday as a deadline

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: stex2009 on February 13, 2014, 09:24:03 PM

Quote from: -droid- on February 13, 2014, 08:28:30 PM

Quote from: Nezcoin on February 13, 2014, 08:24:44 PM

Quote from: demonmaestro on February 13, 2014, 01:48:10 PM

Hmmm Heres a good question on what to do..

300 miners costs currently this much.

If you break that down its about BTC0.127 a unit.
And I am asking BTC.107
If you times that by 300 I am short by BTC5.71.. so now the question is what to do.

I have opened up a Donations address to help get that amount.
19xqsnKifbdNQWRcAePYkYhGN8xd4Bosdp

There are 27 of us listed, if we all chip in we're looking at BTC ~0.21148148 each. Just an idea.

then you run into the issue where guy X only ordering 1 dualminer, where guy Z ordering 20.. should both pitch in the same amnt?

We can fix an amount for each ?

Asking for .019 BTC is not that big of a deal if your going by unit share, but for people who ordered 20--this is a pretty big add-on. (Even though it's proportionate). I think that a reasonable expectation, and one which would get traction from the group is defraying your cost by .10BTC per unit share. I know that may sound cheap, but I think it's a reasonable compromise with the group.
But yeah, maybe I'm cheap.

I think the longer we wait to order the more it costs in opportunity lost, so eventually something has to budge.

stex2009

legendary

Activity: 1134

Merit: 1000

Quote from: -droid- on February 13, 2014, 08:28:30 PM

Quote from: Nezcoin on February 13, 2014, 08:24:44 PM

Quote from: demonmaestro on February 13, 2014, 01:48:10 PM

Hmmm Heres a good question on what to do..

300 miners costs currently this much.

If you break that down its about BTC0.127 a unit.
And I am asking BTC.107
If you times that by 300 I am short by BTC5.71.. so now the question is what to do.

I have opened up a Donations address to help get that amount.
19xqsnKifbdNQWRcAePYkYhGN8xd4Bosdp

There are 27 of us listed, if we all chip in we're looking at BTC ~0.21148148 each. Just an idea.

then you run into the issue where guy X only ordering 1 dualminer, where guy Z ordering 20.. should both pitch in the same amnt?

We can fix an amount for each ?

-droid-

legendary

Activity: 1050

Merit: 1001

Quote from: Nezcoin on February 13, 2014, 08:24:44 PM

Quote from: demonmaestro on February 13, 2014, 01:48:10 PM

Hmmm Heres a good question on what to do..

300 miners costs currently this much.

If you break that down its about BTC0.127 a unit.
And I am asking BTC.107
If you times that by 300 I am short by BTC5.71.. so now the question is what to do.

I have opened up a Donations address to help get that amount.
19xqsnKifbdNQWRcAePYkYhGN8xd4Bosdp

There are 27 of us listed, if we all chip in we're looking at BTC ~0.21148148 each. Just an idea.

then you run into the issue where guy X only ordering 1 dualminer, where guy Z ordering 20.. should both pitch in the same amnt?

Nezcoin

newbie

Activity: 13

Merit: 0

Quote from: demonmaestro on February 13, 2014, 01:48:10 PM

Hmmm Heres a good question on what to do..

300 miners costs currently this much.
http://silver.youmeandbtc.com/tobtc.php?value=24100&eur=0&mbtc=0&exchange=Coinbase&dec=8

If you break that down its about BTC0.127 a unit.
And I am asking BTC.107
If you times that by 300 I am short by BTC5.71.. so now the question is what to do.

I have opened up a Donations address to help get that amount.
19xqsnKifbdNQWRcAePYkYhGN8xd4Bosdp

There are 27 of us listed, if we all chip in we're looking at BTC ~0.21148148 each. Just an idea.

stex2009

legendary

Activity: 1134

Merit: 1000

Quote from: demonmaestro on February 13, 2014, 03:14:00 PM

Quote from: stex2009 on February 13, 2014, 02:05:16 PM

Quote from: demonmaestro on February 13, 2014, 01:52:16 PM

Quote from: -droid- on February 13, 2014, 01:49:48 PM

Quote from: demonmaestro on February 13, 2014, 01:48:10 PM

I have 18 units backed out. As of right now.

lock these up sbfree!

I am sure he will. Although not everyone has paid so he maybe waiting till sunday after the cut off time so I can tell him a final number of units not paid

I'll take 5 more if no one wants them.

PM sent.

Hmmm Heres a good question on what to do..

300 miners costs currently this much.

If you break that down its about BTC0.127 a unit.
And I am asking BTC.107
If you times that by 300 I am short by BTC5.71.. so now the question is what to do.

I have opened up a Donations address to help get that amount.
19xqsnKifbdNQWRcAePYkYhGN8xd4Bosdp

Just saw payment for 5 in the PM. how do we handle this now?

Topic: [Open - Group Buy]Dualminer USB ASIC scrypt miner $45 [USA Only][Batch #4] - page 13. (Read 33958 times)