Quote from: yantis on May 03, 2014, 11:12:18 PM

Notbatman:

- On BlackArrow all I know is they refunded 2/3rds of my money when I asked them and they didn't have to and they shipped me approximately 40 FPGA miners. Since that time I have no idea what they are doing. The experience I had with them went well. So Yes kudos to them for that.

- On KNCMiner. I bought around 40 units from them (actually did the very first pre-order with them or at least this is what they told me). Didn't get a single one. It is a long story but to say the least I wasn't happy with the ending.

You may and others may have had a bad or good experience with either of the companies. I am just relaying my experience with them.

KnC came onto the scene on April, 8, 2014. No where in the following you mention a purchase from KnC, yet your Sunlot partner, Brock Pierce, has a vested interest in them:

Topic: Buying ASIC Units in bulk - 1 million USD budget

Quote from: yantis on June 02, 2013, 04:36:53 AM

UPDATE 6/9/2013:

Thanks again to everyone who reached out to me. I ended up picking up 17 Avalon units in total - 71 GH/s each (1.2 TH/s of total mining power) and still have well over half to invest in other stuff. We physically picked these up most of these to avoid any risks.

I am still interested in your units if the price is really good though more interested in ASIC companies that can deliver. My partner and I are looking to deploy about $250,000 USD per week over the next several months so please reach out if you can deliver and when and what it would take to get first batch delivery.

I am looking to buy hardware in hand (not pre-order) a good example would be today I am paying $XX USD for three module Avalon ASIC unit (68 to 72 GH/s). I feel these are a bit overpriced and with the difficulty going up so fast I won't buy to many at this price but am buying some now.

I am hoping for a Chinese company that makes ASIC units wants a quick million USD for hardware they have in hand that they are most likely mining with now and don't want to risk the difficulty raises or upcoming ASIC onslaught but will also buy small single unit orders.

I prefer to buy in the USA for small orders but if its a big order (over 250k) I will fly to your country. I have done a lot of business in China and even lived there a while so I have no problem going to the PRC either. So if you are a Chinese supplier and can deliver now even better.

Payment: Will be done via USD wire transfer not BTC. There are several reasons for this:
- Its harder than you think for a US citizen to convert a million dollars into BTC
- Due to current laws I don't have a lot of legal recourse if I pay with Bitcoin vs a national currency.
- For tax purposes its a lot easier to write off a million dollar hardware charge than a million dollar Bitcoin charge.

History: I have done a few buys on the forums: 100 Lancelot units from Black Arrow, 80 USB Block Erupters, and one Avalon batch 3 pre-order paid in full for 14k. The block erupters scale decently well using Raspberry PIs see my post here https://bitcointalk.org/index.php?topic=137934.msg2345214#msg2345214 though are to expensive and I am looking for more scale.

I also wanted to point out I did this trade here: https://bitcointalk.org/index.php?topic=209471.msg2242450#msg2242450

Apart from this I used to sell virtual currency as far back as 1997 with games like Ultima Online, Everquest and World of Warcraft. At one point were were doing over 10 million USD in sales a month before I got out of the space so am no stranger to virtual currencies. More info on Google since its not really related to this post.

You can PM me, email me at yantis@yantis.net or skype me at jonyantis or via wechat : yantis

From what I've ascertained from reading your posts, your bottom line is paramount yet, as a principal of Sunlot, you, et al. want to come across as looking out for Mt Gox's customer's best interest.

FYI, you and Brock Pierce become lifetime members of The Bitcoin Foundation at exactly the same time as seen here: https://members.bitcoinfoundation.org/current (the list was generated left to right, top down)