Quote from: say592 on August 05, 2013, 04:36:06 PM

Quote from: BenTuras on August 05, 2013, 09:26:31 AM

Quote from: Barntech on August 01, 2013, 03:07:56 PM

BITFURY ASIC chips can be ordered for US $25 each when paying using BTC. Currently payments can be made in BTC at the exchange rate of 1BTC = US$101
Receipt of chips from BITFURY may also incur other fees such as import tax, customs duties etc. These fees will be distributed evenly based on the amount of chips purchased. Once spread out amongst everyone, it is not expected that these fees will be very high.

Correct me if I am wrong, but an October 3000 chip real cost us$60.000, or us$20/chip according to https://megabigpower.com/shop/index.php?route=product/product&product_id=52 excluding sales tax(should not apply to you) and shipment cost(if any).
Your up to 25% fee is much higher than other group buys. Care to explain what I get for this fee ?
Also you might want to give a more precise definition of your exchange rate, for example MtGox buy, or Bitpay.

Shipping and customs maybe? I dont know, just throwing it out there.

Yes, the extra amount on the chips is to cover shipping, import duties and GST. I anticipate that these things will gobble up most of the surplus, whats left will go to profit for us. We are going to be keeping the board prices low and in the end will not make all that much money out of the project. What profit we do make will be put into infrastructure and equipment for future projects based around either Bitfury chips or next gen chips depending on when the timing is and what we can get our hands on. The plan is to build this and grow with the bitcoin mining markets. In short, what you get for the extra chip fee, aside from duties, taxes and shipping (the boring part), is our effort, time and expertise (the good part).

And yes we will be adding a proper BTC pay option pinned to the U.S. dollar shortly.

Cheers.

Barntech