Topic: Swedish ASIC miner company kncminer.com - page 1876. (Read 3049501 times)

Harsh posties!

I see now

http://forums.whirlpool.net.au/forum-replies.cfm?t=2132715&p=2

10% Import Duty
10% GST
Then processing and handling fees for customs.

I also live in melbourne and have 2 October Jupiter orders paid for late July.
I don't see the advantage of having it posted back by someone other than KnC who have said they will post at cost.

If you were there in person and were carrying it in luggage you might save GST if applicable but is there any other advantage ? And who would want to shop $16000 worth of goods without insurance ?

M

Except that they were plugged into Orsoc's existing relationships with fabs, not starting from scratch like other companies. So... not.

This only works if orders are close together on shipping day, my mate in Sweden wont be happy with multiple runs etc. I'm in Sydney, I will not be flying over, but getting someone to pick up and re ship, the only drawback is I cant put insurance on the boxs as this will be a alarm for customs. No fees involved, just shipping costs etc and maybe a tip for my mate.

@FUKT
this sounds like a good idea..  How many can you handle..?
where in Australia are you from?  I'm in Melb.
how are you going to organize shipping?  Can you bring miners on the plane when you're travel back to AU, or are you thinking shipping company?
do you have any prices yet?

I'm interested if you can handle more units.

It's not that they drop out immediately necessarily, it's that returns quickly diminish leading to magnifying losses over time, and the secondary effect is that new investment money won't flow into ASIC-producing companies unless the prices of the machines also come down correspondingly--though they can only go down so far until there's really little point on either side.

This is something I've realized as well. You need upfront profitability to make new mining gear worth investing in. This will effectively be gone in January, and anyone with a machine will be cemented in their market share for the foreseeable future, either early next year or certainly by late next year. Gen-2 of KNC will be among the last new devices sold until probably 2017 when we can expect the price of bitcoin to possibly jump again due to the reward halving.

You look at projections should 10 billion by end of next year--never gonna happen with the price of bitcoin at only $100. Makes no sense from a business / profitability standpoint. Everyone would have to stop mining due to electricity costs! So, it won't happen.

In fact, I'd like to see calculators start looking into levelling off their projections to show this fact, as it's now the most important factor in calculating profitability, where difficulty levels off.

KNC is going to want to deliver well on gen-1 because gen-2 will be a much cheaper device and they'll need volume. Not only will it be a cheaper device but it will have to be much, much faster and much more efficient.

Nothing but custom ASIC is going to make any sense after KNC ships.

Everyone with Avalon chip orders right now. Forget it. Get out. Only KNC, Bitfury, and possibly Cointerra if they manage to launch is going to be mining profitably after 1st of the year in terms of selling machines to end-users.

I think you are full of shit, VAT cannot be applied for countries outside EC:

VAT is a tax levied on goods and services consumed in the EC. When goods are exported they are "consumed" outside the EC and to impose VAT on such goods would be contrary to the purpose of the tax. Therefore, the supply of exported goods is zero-rated provided certain conditions are met.

$8200 AUD is wrong.

I assume he brought a jupiter for 6995 + 172 shipping comes to 7167 USD, convert that to AUD comes to 7996.74 which means he paid $204 AUD VAT??

a close friend in Toowoomba paid just over 8k(8200AUD) total for his Jupiter, including VAT & shipping. Hope that helps, but again, you will see it at checkout. You won't be charged before seeing the VAT, just use the dropdown menu & select AUS, its easy

@FUKT, I'm just looking at your figures, the machine is $2k not $25k, so I don't quite get your figures? I just had a look at your customs link and saw the following table:

Example 3: An importation of goods (other than tobacco products or alcoholic beverages) valued above A$1000
A$

Customs value (Cval)

2000.00

Customs duty (Duty) @ 5% of Cval

100.00

(Payable)

International transport and insurance or postage (T&I)

150.00

Value of the Taxable Importation (VoTI) (Cval+Duty+T&I)

2250.00

Goods and Services Tax (GST) @ 10% of the VoTI

225.00

(Payable)

Total payable Duty + GST

325.00


* Therefore I would presume to have the item posted over would be $325 customs fee?

Feedback? I've placed the order but haven't paid in full, please bare with me while I get my head around this customs stuff and I'll get back to you on the offer of local pickup, thanks for offering too - Where are you based, may I ask?

I hope your wrong about that. All I know is that I didnt pay any VAT at checkout. I already emailed KNC about customs declaration and they will be declaring the value of goods in USD at the time of purchase.

http://www.customs.gov.au/site/page5549.asp


Importing from:   Sweden
Importing to:    Australia  View country guide
2
The type of product, its value and where it was manufactured
Edit
Product description:   Computer Parts
Product category:   Computer CPU  (Upgrade account to get HS code)
Product value:   US$25000.00
Country of manufacture:   Sweden
3
The cost of shipping and insurance of importing
Edit
Shipping costs:   US$0.00
Insurance costs:   US$0.00
Calculation results
Edit
Total customs value (FOB):   AU$27893.45   
This is the amount that customs values your import at
- Duty:   AU$0.00
- Customs Service Fee:   AU$55.20
- GST:   AU$2789.34
Total import duty & taxes due:   AU$2844.54   
This is the amount that needs to be paid to customs
Total landed cost:   AU$30737.99   
This is the total cost of importing, including product, shipping, insurance and import duty & taxes
at USD/AUD exchange rate of 1.1157


@Jemvz if you do order let us know, I'm organising local pickup in Stockholm for some Australian buyers, no fee, just cost of shipping.

That's not quite accurate. The entire VAT will be at checkout. Customs doesn't make a business of holding packages "Hostage" for duty fees, as most international shippers require all that at checkout, and are paid well in advance of arriving to customs. In this case, It's UPS, and I know that's their policy. http://www.ups-scs.com/international/customs_broker.html
If you had actually bought a miner from KNC, you would not have missed the VAT section

0

Whats the customs fees on shipping to the US?

Something I wasn't aware of, but should have known, thanks for the heads up, you're nickname really does say it all, in this case

Damn customs! - Just as long as I get my package!

Yes the $129 is for shipping, but remember you will be paying a 10% customs duty on the value of the goods at the time of purchase and another $50 customs fee on every package.

Also, remember that the customs duty is on the value of the goods at time of purchase so if the Australian dollar drops any more than you pay even more for duty.

or an update for the pack of wolves & armchair chip designers to criticize

This thread has gone to shit.  I guess it's because there really isn't anything to talk about until September.