Topic: USB Block Erupter Price Drop (Read 2958 times)

Points again to loss mitigation.  No one is complaining about those who sold these here at 2.0BTC or on eBay for $219 just as the price dropped to .99BTC. 

I'm not defending Canary, but as the only GBO who pre-ordered and stocked these, it was in his best interest to carry on until the official August 5 - would you have acted any different?  What if it was fiat instead of BTC? 

My guess (read speculation) is that someone got an itchy trigger finger.  Obiviously the Chinese sellers didn't wait at all.  Going by post dates/time, Canary fired off #15 right after informing us of BTCGuild's announcement.

I wasn't on irc, so I can't comment there - anyone got a transcript?

MSRP is still technically .89/.99BTC since no official announcement was made by friedcat. 

+1 on wondering how the coups will work, standing by for a few days to see how many more hubs I'm going to need.

Didn't a MASSIVE amount of Chinese and other resellers just got them in bulk at 0.1 BTC each?

Expect the price to drop a bit, but you're still paying several times what it cost them.

BTC Guild has dropped the price to .50btc. Could be AM dropped price to let the air out of the K1 Nano's sails.

I was in the irc channel when someone mentioned Canary's group buy, to which BTCGuild responded by posting.  And mentioned people were not supposed to announce yet. 

However it is being handled, taking orders at X while holding the post saying the new price is Y seems... off.

Here's how it looks on paper.  I'd like to have an open and honest discussion around this, however it seems like that is rare in this industry.

A short timeline:

July 24th - CanaryInTheMine starts the rumors thread since he is getting lots of requests around the new pricing, telling us to wait until there is official word and that he won't confirm rumors. 

July 27th, 1:40am - Order goes into group buy #14, order confirmed shipped shortly thereafter

July 27th, 8:40pm - Canary opens new order at new price.  Claims shipping will begin on Monday (so units in-hand for new pricing?).

July 27th, around 9pm - Independent confirmation acquired from other group buy owners, new pricing was supposed to go into effect at a later date.  Also no info for the "returning buyer" discount that we've all heard so much about.

... wind back - Warz0r is trying to get a deal with Canary and is told the best price is still the old price, hint is that now is a good time to order (because he'll be eligible for super-cheap later?), but that turns into a flame war.  People take sides, blacklisting happens, blah blah blah.

And SilentSonicBoom, one of the other group runners, is taking orders to place with AsicMiner and is expecting delivery to him on Friday.  Meaning he does not have them in-hand, did not try to scoop every other seller, and seems like his posts were in direct response to Canary dropping the bomb early.

So how I read this...  Group buy owners have been working on this deal, it wasn't supposed to go into place for some time (possibly to coincide with the voucher deal), Canary swooped in and pre-ordered so he could sell before anyone else (and the agreed upon date for new pricing), meanwhile he likely received the GO #14 units alongside the new, lower priced, seemingly identical units, but continued to sell on GO #14 while waiting to be the first to pull the trigger on the new price.  As opposed to saying to everyone on GO #14 "Hey, your units are showing up with the cheaper ones, so to avoid the clusterfuck that is now happening between old buyers and new buyers I'll give you the .55 price, just hush up until I drop the bomb on Saturday", he kept taking orders and now all of the previous customers, for their loyalty, can wait until August 5th to figure out if they qualify for this coupon offer.  So while I could buy (from someone else) at this new low price, I have no idea if I qualify for the coupons so I don't want to buy .55BTC units if I am entitled to .15BTC units.

Quite frankly I'm not bashing anyone, business is business, but this looks bad.  It looks like Canary simultaneously screwed both current customers and other re-sellers/group owners.  Personally, I'd like to collect whatever units make it through the voucher/coupon program and not buy via Canary again.  My dealings with him have been professional, shipping was prompt and well packed, but this wreaks of one person taking his insider information, while inside a group that was all privy to this info, and opted to beat everyone to the punch.  In my industry we blacklist vendors like this because we value professionalism over profit, since it is understood the people selling the shovels will always be the ones winning.

BTC Guild has dropped the price to .50btc. Could be AM dropped price to let the air out of the K1 Nano's sails.

Didn't a MASSIVE amount of Chinese and other resellers just got them in bulk at 0.1 BTC each?

Expect the price to drop a bit, but you're still paying several times what it cost them.

So where can you buy them for 0.5 (or even 0.1)?

Timeframe for shipping?

Since all other outlets are announcing this even though it was not supposed to happen until August 1, yes, USB Block Erupters are having a price cut!

USB Block Erupters are now on sale at 0.60 BTC per device (free shipping to US). A huge number of units are en route, which will clear the backorder, and leave roughly 1,000 units available for next day shipping by August 1.

If you ordered an Erupter at 1 BTC, all is not lost yet. A coupon program is being initiated by ASICMINER and distributed by BTC Guild. 30% of the units sold at 1 BTC will be eligible to purchase a 2nd unit for 0.10 BTC (+0.05 Shipping/Handling). The exact method of coupon distribution will be announced when coupon units arrive, which should be around August 5th.