Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Rampion
on 04/09/2013, 10:36:21 UTC
http://mining.thegenesisblock.com/a/624b263dcf

that is real price for first september batch buyers from eu.

glad i have sold shares Smiley

http://mining.thegenesisblock.com/a/6dd76c6ce6

Mine looks good. The biggest problem with your calculation is you used BTC for price of hardware. 90 BTC.
Just want to know where you got 90 from? Because in-order to have paid 90 BTC, the exchange price would've had to been at $70. It hasn't been at $70 for quite some time now so... dumb or just starting shit? Roll Eyes

Wasn't it around 70$ when he ordered?

no, 5 june 2013, 15:53
http://bitcoincharts.com/charts/mtgoxUSD#rg180zczsg2013-06-05zeg2013-06-05ztgSzm1g10zm2g25zv
120$/btc

add VAT 23%
add shipping Smiley
add fee



So...

7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC

Nowhere near 90 BTC.

Yep, 70ish BTC is also the figure I'm considering from the very first minute to calculate ROI. I paid in $$, but you know, the right way to calculate the return is to see if you at least recoup the same amount of coins you could have bought with your $$ when you placed the order. The miners are still profitable, but honestly is not looking very good. If they are only a couple of weeks late, it will be hard to reach break-even.

Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime.

Sorry i messed up.
miner was ordered 8.06.2013 with price 108$


7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC

Nowhere near 90 BTC.

7000 (miner) + 1610 (vat) + 150 shipping + 50-100 (bitcoin fees?) + 886$ 10% group buy fee = 9746$ / $108 = 90BTC




Buying such an expensive, proffesional gear, as a consumer really sucks, because you will have to pay VAT and you won't be able to recoup it, which is a profit killer. IMO a $7k miner is not a consumer product at all, it should be bought by a registered company so you can recoup the VAT - or in case the registered company is in the EU, you won't be charged any VAT at all.

you have to pay vat in your domestic country anyway
you can substract it after if you have invoices from your customers

so paid vat upwards - customer sales vat = real vat you have to count

If you are in the EU, not at all. Sweden is an EU company, and any EU registered company is considered an intra-community operator - you can buy and sell goods without any VAT between EU registered companies.

Because of my work I constantly deal with EU companies and I can guarantee you that there is no VAT in anything I buy/sell in the EU. In fact, my KNC miners have 0% VAT on the invoice.