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Topic: Paypal Group Buy - Antminer S5 (USA Customer Only) $480 includes Shipping (Read 3274 times)

legendary
Activity: 1652
Merit: 1067
Christian Antkow
Is this GB still active ? Is pricing going to be adjusted relative to Batch 4 ?

Still have an order via this GB trying to get resolved.

Thanks Bitmain !
legendary
Activity: 1050
Merit: 1000
Awe. What about the poor Canadians?
legendary
Activity: 1652
Merit: 1067
Christian Antkow
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !
why would it be better to buy in fiat and effectively pay premium when you can instant buy BTC on coinbase?
I don't understand peoples logic either.
I would rather buy with a miner with fiat due to the BTC/USD price being so low, and I'm additionally purchasing coin via Coinbase while everything is so low.

*shrugs*

Seemed to make more sense buying with fiat than with BTC that I have previously mined.
hero member
Activity: 728
Merit: 500
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !

why would it be better to buy in fiat and effectively pay premium when you can instant buy BTC on coinbase?
I don't understand peoples logic either.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !
why would it be better to buy in fiat and effectively pay premium when you can instant buy BTC on coinbase?
Buying BTC on Coinbase as well Smiley Also, the Paypal includes shipping, so I think it's effectively a wash.
legendary
Activity: 3892
Merit: 4331
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !

why would it be better to buy in fiat and effectively pay premium when you can instant buy BTC on coinbase?
alh
legendary
Activity: 1846
Merit: 1052
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !

Correction: Now well below $300 (i.e. closer to $265).
legendary
Activity: 1652
Merit: 1067
Christian Antkow
With BTC dropping down to ~$300 USD, this seems like a good time to buy via fiat. Looking to pick up at least another... PM'd !
hero member
Activity: 798
Merit: 531
Crypto is King.
Can anyone recommend a PSU for one s5?
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Also its the shipping  that its added 408$ is probably without shipping


899 for 2 on bitmaintech.com shipped to the usa.
455 for 1 on bitmaintech.com shipped to  the usa

vs

480 for 1 with paypal.


so an extra 25 dollars

I can get a 2 % discount

or I can take 6 months no interest to pay it.
legendary
Activity: 1036
Merit: 1000
Also its the shipping  that its added 408$ is probably without shipping
hero member
Activity: 896
Merit: 500
Seems like I can go to Bitmain and get them quite a bit cheaper that this group buy.

I'm likely confused... but $408 is less than $480 last I checked.

That is because this is a PAYPAL GROUP BUY. PAYPAL charges people % and it's dangerous to trade with PayPal as you can charge back. That's why the price per unit is higher.
sr. member
Activity: 294
Merit: 250
Seems like I can go to Bitmain and get them quite a bit cheaper that this group buy.

I'm likely confused... but $408 is less than $480 last I checked.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I would also bring up as a long time buyer-seller on paypal. (2003)   Many people get discounts from paypal.

I get a standing 2% minimum discount that does not affect the seller's bottom line.

So that 480 paypal price  now = 480 - 9.60  or 471.40.  Once I get my s-5 today I may do a paypal buy for 1 more. So if btc changes and shoots up I

paid in cash.

I also belong to square trade and as amazing as it sounds I most likely could get a 2 or 3 year warranty on this item for 30 or 40 usd more.

Not sure I want to do that but it is a possible option.
donator
Activity: 792
Merit: 510
It is Paypal Approved!!   Cheesy

And question to 5% or so more expensive...  Yes, there is a cost to run it on Paypal as Paypal requires signature confirmation on the product.  That is another $7 and credit card percentage.

If the USA Paypal Group Buy is a success, then EU portion may start Wink

To Participate, please PM your Paypal Email address and you will receive a Paypal Invoice for Antminer S5


Yet, too bad there is no such group buy for European customers Sad

I would do one if paypal lifted my limitations. My PayPal is still limited since my u1 PayPal group buy EU.

OP make sure your PayPal account is business and filled in all tax details. Or else they will limit your transaction amount per year to around $500 or something.
hero member
Activity: 896
Merit: 500
Yet, too bad there is no such group buy for European customers Sad

I would do one if paypal lifted my limitations. My PayPal is still limited since my u1 PayPal group buy EU.

OP make sure your PayPal account is business and filled in all tax details. Or else they will limit your transaction amount per year to around $500 or something.
full member
Activity: 131
Merit: 100
Hobby Miner
Yet, too bad there is no such group buy for European customers Sad
hero member
Activity: 798
Merit: 531
Crypto is King.
Thanks for clarification.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Not to be a bother... but can't you order from BITMAIN for a lot less, especially batch 3?

The keyword here is "PayPal". The difference is about $30-40 I think, i.e. about 10%. Perhaps it's worth it for someone who doesn't have an easy way to acquire BTC and/or wants to use a credit card. It's $486 on Amazon and apparently selling well: #1 Best Seller in Computer Servers.

Edit: On Bitmain's site it's $456 shipped to USA for a single unit, so $24 or ~5% difference.
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