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Are these the correct connectors?
Pretty hard to tell, all I know is that they are 9*2 (18-pin) connectors, zeusbtc sells them for 50 cents, how much did you get them for on Ebay?
can someone confirm the resistor values or provide insight on what they're doing? does that resistance value matter that much or would, say, a 10k work fine?
Why not get the 4k7 / 4700-ohm resistors as they suggested since those are the once used by Bitmain anyway? is it hard to find? they seem pretty cheap on Amazon. I am not sure why are you trying to risk trying something different, would love to know why.
I also think NotFuzzyWarm or HagssFIN will assist you best on whether or not you can other resistors and on what they actually do.
Hey thanks for the reply!
I ended up paying a few $ for the connectors on ebay, really absurd pricing. They're some sort of JST connectors (PR or something?)
I did not know the bitmain boards used the 4.7 / 4.9 k resistors at the time, I ended up buying those and everything is working great!
The way volatility is going in the crypto market you can say buy and hold is a good option. But their are something to understand that don't buy at high because and what are you going to hold it have proper research it. Because if you buy shit and hold it you can loose everything and also if you buy at high still your capital stuck. So always take entry in dip.
Would you consider now to be a dip?
bought the connector from ebay, caved in
Looking for the resistor. Video says 4k9 resistor.
Other videos suggest its 0201 package or smaller
On mouser/digikey they have 4k87 at this package size
can someone confirm the resistor values or provide insight on what they're doing? does that resistance value matter that much or would, say, a 10k work fine?
Best,
ark02
Looking for the resistor. Video says 4k9 resistor.
Other videos suggest its 0201 package or smaller
On mouser/digikey they have 4k87 at this package size
can someone confirm the resistor values or provide insight on what they're doing? does that resistance value matter that much or would, say, a 10k work fine?
Best,
ark02
Hi All,
I looked through the following threads:
https://bitcointalk.org/index.php?topic=5190613.0
https://bitcointalk.org/index.php?topic=1173573.msg12529952#msg12529952
https://bitcointalk.org/index.php?topic=1234807.0
Trying to do the added connectors mod as well.
https://dc414.4sync.com/img/L6Xhjn4v/s11/16f688a9818/s9_board
From that photo looks like 4k7 resistors, either 0402 or 0201, looks like 0201 to me
I can't find the part number for the connector though. Thread above narrows it down to this one:
https://static6.arrow.com/aropdfconversion/d8d84692411aaa09b8f3d11a0638852d034da0c5/ephd.pdf
Are these the correct connectors?
Best,
ark02
I looked through the following threads:
https://bitcointalk.org/index.php?topic=5190613.0
https://bitcointalk.org/index.php?topic=1173573.msg12529952#msg12529952
https://bitcointalk.org/index.php?topic=1234807.0
Trying to do the added connectors mod as well.
https://dc414.4sync.com/img/L6Xhjn4v/s11/16f688a9818/s9_board
From that photo looks like 4k7 resistors, either 0402 or 0201, looks like 0201 to me
I can't find the part number for the connector though. Thread above narrows it down to this one:
https://static6.arrow.com/aropdfconversion/d8d84692411aaa09b8f3d11a0638852d034da0c5/ephd.pdf
Are these the correct connectors?
Best,
ark02
Re: ckpool.org ZERO FEE SPLNS no registration mining pool US/DE/CN
Just moved my two S9's from solo.ck (been running there for over a year lottery style, no blocks found though) to pool.
not a big addition but hopefully every TH counts, right?
not a big addition but hopefully every TH counts, right?
I scheduled a conference call with Amir several times. he continuously failed to attend it... hope no one got hurt.
So looks like this fell through, quelle surprise. 
Wonder who got scammed
Hi Guys,
Nobody got scammed since we did not take any cash from anybody.
Anyone who pre-ordered on the website was either refunded or sent the equivalent value in RX580s or other cards of choice.
We are still able to source cards, and we can facilitate the group buys, and as always we can still use escrow.
With this group buy, we secured a soft commit but as we moved forward it became evident that they did not want to sell to us because we were:
1) working with miners
2) Not able to complete NVIDIA's compliance process in a reasonable timeframe.
As with any ambitious endeavor, there are always haters.
Most of the discussion has moved to the telegram group, and we're able to do smaller batch orders for the 1070ti, 1080ti, etc. We spent the last few months doing some of these spot deals for customers who had provided proof of funds and had verified demand.
Jenia, I literally take conference calls all day. If we missed you, that's not normal.
Feel free to contact me directly over telegram (@amirofcrypto), linkedin, or however you prefer and I'll forward my personal cell phone so we can have a chat.
Best,
Amir
Just saw your waterblock testing video!
Looks like you've made a lot of progress very quickly.
Have you figured out how to test the I2C chain efficiently to figure out which chips are faulty?
Looks like you've made a lot of progress very quickly.
Have you figured out how to test the I2C chain efficiently to figure out which chips are faulty?
Re: [ANN] SebastianJu - Legendary Escrow Service - Escrowed over 8150 BTC
Attention: If someone contacts you from "my" email address, please ALWAYS check back with me by pm or send a clean email to me asking for confirmation. There are cases of scammers spoofing my email address. Please take care.
Reputation:
Im an escrow for the community since may 2013 now, im a member since june 2011. I already escrowed more than 8150BTC since may 2013. Some addresses where i was trusted with many users coins are:
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
1GFEJMUeeAWcsvhnTXmGyf5NdKaqfymbou
15azZjXZokui1cXkcP4XdryL9sXYi1rkqY
14UhVi5QWwvhA1QUNYp2uVapRoPaTyzoBJ
1AXSThtCPviP4zXmoxXZmFUd27HkPL9Xty
1Aq1Kt6LBPgXxzq86DPwoZHAM83iAKb9H3
These addresses alone held over 4800BTC, worth $120 each at that time, which were over half a million USD. I was honest and did not run with that money. I think thats a good indicator as to what character i have.
Additionally i had hundred of seller buyer deals worth over 3350BTC as of 2015-06-27. (I counted only trades >1BTC and only the full bitcoins.). I can proof this amount to staff too. I wont post the addresses publicly since traders might not want to be public. But i can sign every Bitcoin Escrow Address and proof these amounts.
In total thats >8150BTC, which would be worth 1 Million USD. In fact it would be way more because the bitcoin price was way higher than 122USD for a long time. (122$ would only be the bitcoin price needed to reach 1 Mio USD value)
Im still the same owner of this account of course. I can proove it by signing a message to each of the addresses above. I will do so here for the first address 1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA, you can see i posted the address here on 2013-05-11: Link
I will encode the forum post message, where i posted that address, so that it cant be changed anymore.
Fees:
Just ask me please. For tips see my donation jar in my profile page... (Left side of page... click on my username) or simply scan the QR-Code in my avatar picture.
What can i escrow:
I can handle personal trades with me holding Bitcoins. I will hold altcoins when its not too hard to hold them in escrow.
I only take bitcointalk forum accounts into escrow whose risked amount are at least $50 per account. Otherwise the risk i can help avoiding and the amount of time i have to implement are in no sane proportion.
I might take other accounts or things into escrow when its possible to secure them.
I can be escrow for ICO's, IPO's and Groupbuys.
Ask me for other things here in thread or by pm.
How to start:
Contact me by pm or in this thread. Ill get back to you and ask you for the details or send you the escrow deal details directly, when i know the business partner.
Never send to an address that was quoted by someone who claims i sent it to him. I will always send the escrow addresses directly to both parties. If youre unsure if the one writing you is really me then ask me to sign a message with one of the above posted addresses. That will prove that i still own this account.
When answering PM's, please always use "Reply to all" so that all involved parties get informed.
In case signed messages has to be verified, then its the fastest to visit https://brainwallet.github.io/#verify and click on Bitcoin-QT. Then you can proove fast if the signature is correct and so you know that the address is controlled by the seller.
Why?
Lets give scammers zero chances...
Reputation:
Im an escrow for the community since may 2013 now, im a member since june 2011. I already escrowed more than 8150BTC since may 2013. Some addresses where i was trusted with many users coins are:
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
1GFEJMUeeAWcsvhnTXmGyf5NdKaqfymbou
15azZjXZokui1cXkcP4XdryL9sXYi1rkqY
14UhVi5QWwvhA1QUNYp2uVapRoPaTyzoBJ
1AXSThtCPviP4zXmoxXZmFUd27HkPL9Xty
1Aq1Kt6LBPgXxzq86DPwoZHAM83iAKb9H3
These addresses alone held over 4800BTC, worth $120 each at that time, which were over half a million USD. I was honest and did not run with that money. I think thats a good indicator as to what character i have.
Additionally i had hundred of seller buyer deals worth over 3350BTC as of 2015-06-27. (I counted only trades >1BTC and only the full bitcoins.). I can proof this amount to staff too. I wont post the addresses publicly since traders might not want to be public. But i can sign every Bitcoin Escrow Address and proof these amounts.
In total thats >8150BTC, which would be worth 1 Million USD. In fact it would be way more because the bitcoin price was way higher than 122USD for a long time. (122$ would only be the bitcoin price needed to reach 1 Mio USD value)
Im still the same owner of this account of course. I can proove it by signing a message to each of the addresses above. I will do so here for the first address 1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA, you can see i posted the address here on 2013-05-11: Link
I will encode the forum post message, where i posted that address, so that it cant be changed anymore.
Code:
SebastianJu Escrow 2015-06-27
Text Forumpost:
I created a new Sendingaddress for batch 2 at 1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA so that its easier to see how many bitcoins are collected for batch 2 already. I will reroute the transactions that go to the old address to the new address.
The new address is in a new wallet, that exists only for the group buy. So this wallet only has to be opened again when the batch 2 has to be bought.
Text Forumpost:
I created a new Sendingaddress for batch 2 at 1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA so that its easier to see how many bitcoins are collected for batch 2 already. I will reroute the transactions that go to the old address to the new address.
The new address is in a new wallet, that exists only for the group buy. So this wallet only has to be opened again when the batch 2 has to be bought.
Code:
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
Code:
G81O8B571ccIktniCqaFa7pTZVRqblX0gb0pQHlDrPy20x8gPUqRQyaToFJh/lPAmNOAOtyqOIooU1l9SLsabFM=
Fees:
Just ask me please. For tips see my donation jar in my profile page... (Left side of page... click on my username) or simply scan the QR-Code in my avatar picture.
What can i escrow:
I can handle personal trades with me holding Bitcoins. I will hold altcoins when its not too hard to hold them in escrow.
I only take bitcointalk forum accounts into escrow whose risked amount are at least $50 per account. Otherwise the risk i can help avoiding and the amount of time i have to implement are in no sane proportion.
I might take other accounts or things into escrow when its possible to secure them.
I can be escrow for ICO's, IPO's and Groupbuys.
Ask me for other things here in thread or by pm.
How to start:
Contact me by pm or in this thread. Ill get back to you and ask you for the details or send you the escrow deal details directly, when i know the business partner.
Never send to an address that was quoted by someone who claims i sent it to him. I will always send the escrow addresses directly to both parties. If youre unsure if the one writing you is really me then ask me to sign a message with one of the above posted addresses. That will prove that i still own this account.
When answering PM's, please always use "Reply to all" so that all involved parties get informed.
In case signed messages has to be verified, then its the fastest to visit https://brainwallet.github.io/#verify and click on Bitcoin-QT. Then you can proove fast if the signature is correct and so you know that the address is controlled by the seller.
Why?
Lets give scammers zero chances...
are you available to escrow some rather large transactions?
Best,
Amir
Hello Everyone:
Here is the long overdue update. We've moved beat by beat discussion to our telegram group:
https://t.me/revoluxio
Please join the discussion there, and on @HardwareMarket
Telegram update:
We've talked with many of you face-to-face over the last two weeks and took hundreds of calls. Our numbers are strong, and we are incredibly excitedwe have the experience, advisors, and contacts to bring Revolux to unparalleled success.
Our first step was to gather enough proof of funds to approach the factory, which has been done. We are proud of our founders and advisors that have brought together countless different entrepreneurs and connections all together to make this happen.
The next step was compliance. We have to make sure we're 100% buttoned up, legallyRevolux plays by the book. This involves talking to the factories and understanding the terms and listening to what they wanted in a deal. Once we understood their requirements, we drafted it up into NDA, and we just executed that last week. Our lawyers and legal contracts are ensuring we and our investors are fully protected.
Last Friday, 2/16, was the first hard contact with the factory. So far it has been lots of soft contact, but now we are awaiting pricing, lead times, and which product we're getting. We are aware of the new, upcoming NVIDIA architecturemore details to come as we are able to discuss it.
Our Taiwanese contacts just got back to work yesterday, and our Chinese contacts get back from their new year next week. We dont anticipate hearing back from the factories this week.
Expect additional updates at the beginning of March.
If we haven't had a chance to speak with you, please send us a PM, or schedule a time to have a phone call here;
http://vyte.in/amir
We'll be updating the OP shortly. Related: does anyone know any cool podcasts that could help get the word out?
Best,
Amir
Here is the long overdue update. We've moved beat by beat discussion to our telegram group:
https://t.me/revoluxio
Please join the discussion there, and on @HardwareMarket
Telegram update:
We've talked with many of you face-to-face over the last two weeks and took hundreds of calls. Our numbers are strong, and we are incredibly excitedwe have the experience, advisors, and contacts to bring Revolux to unparalleled success.
Our first step was to gather enough proof of funds to approach the factory, which has been done. We are proud of our founders and advisors that have brought together countless different entrepreneurs and connections all together to make this happen.
The next step was compliance. We have to make sure we're 100% buttoned up, legallyRevolux plays by the book. This involves talking to the factories and understanding the terms and listening to what they wanted in a deal. Once we understood their requirements, we drafted it up into NDA, and we just executed that last week. Our lawyers and legal contracts are ensuring we and our investors are fully protected.
Last Friday, 2/16, was the first hard contact with the factory. So far it has been lots of soft contact, but now we are awaiting pricing, lead times, and which product we're getting. We are aware of the new, upcoming NVIDIA architecturemore details to come as we are able to discuss it.
Our Taiwanese contacts just got back to work yesterday, and our Chinese contacts get back from their new year next week. We dont anticipate hearing back from the factories this week.
Expect additional updates at the beginning of March.
If we haven't had a chance to speak with you, please send us a PM, or schedule a time to have a phone call here;
http://vyte.in/amir
We'll be updating the OP shortly. Related: does anyone know any cool podcasts that could help get the word out?
Best,
Amir
Yeah, i know, that is why i am asking about the revolux sponsor in particular which is OP's site as he states in 1st post.My question was whether i have to send money now to the sponsor or PoF although i think i have to send the money upfront as said in 1st post as well. Am i getting this right ?
The details for this group buy have not been decided it's still early stages. It would be very unwise to send money to anyone at all for this group buy yet until those details are finalized.
Pick a sponsor, let them know how many you want and then they will let you know when to make payment (I highly suggest using escrow unless your sponsor is well trusted)
100%
Thank you for clarifying this.
The point of this thread is for everyone to state their interest, to discuss who to pick/ask for sponsorship, etc.
We would also like sponsors to come forth and announce their terms & conditions. More details in op.
Before you pick your sponsor, please have a lively discussion, ask questions, do your research, and don't send your money to anyone you don't trust, or anyone you haven't discussed terms & conditions with.
Trust chain:
The entire point of this bulk buy is that nobody's money should ever be risked until we've got trusted verifiable proof that the cards are real, in our hands, and pass our inspections. At the very top of the chain, we have bulk buyers and sponsors who are either doing escrow or standby letter of credit. Their money is never at risk until cards are in their hands.
Think: Trustless top, sponsor of the "trust chain". All that is required to establish a "source" of trustlessness is Proof of Funds.
Then, you have people who are being sponsored by someone. They are the links of the trust chain. These people are at risk because if they send their money to a "sponsor" today, they are trusting that the sponsor will:
- 1) be capable and competent enough to ship cards in a timely manner
- 2) In the event the buy does not happen, be able to give you a timely refund
The way you go about securing these things depends on the terms of your sponsor. Do you trust them? Have they been vetted by trusted forum members? Do you know them personally? Local pickup? Escrow? Standby letter of credit? Etc etc.
Like Kapz said:
Escrow is highly suggested unless your sponsor is well trusted
Do your research. Have a discussion here, and on telegram.
Hope this clears some confusion. Mod and trusted member help is really appreciated here.
Best,
Amir
EDIT: I'm in London Feb 9-10. Anyone want to meet up?
I'm watching this thread from couple of weeks and but seems you guys didn't managed to get anything yet except assumptions.
Can you guys tell me how and when this GB going to happen, what is lead time kindly PM me with more detail, I might be interested in 100+ GPUs if this is legit.
Thanks
Can you guys tell me how and when this GB going to happen, what is lead time kindly PM me with more detail, I might be interested in 100+ GPUs if this is legit.
Thanks
Happy to discuss details here or on the public telegram channel, as I'm sure others will have similar questions as well. There are no assumptions, just a very clear goal and actionable steps to get there without risking any buyer money.
--
We had a very productive dinner last night and meetings today in NYC. We're still waiting to hear back from the factory about engaging with us, we went forward with what we had but we're still short 40M. In the meantime, Evan and I have been on calls answering questions for those interested in orders in the 5-25M range.
Some new updates:
- So.... we can't be publicly talking about pricing like this. I don't foresee it being a problem unless this thread really blows up, right now it's just a subset of us smaller guys pooling our cash to put in an order with the 10M+ guys.
- We now have a public company telegram: t.me/revoluxio - I think this will help with getting people's questions answered in a timely manner in case I'm not available, etc.
- There is also the @HardwareMarketplace telegram, which is not moderated by us, but I am active on there
Best,
Amir
can we also provide a proof of funds with a BTC address signing?
Yes just sign a message stating the quantity you're requesting and e-mail it over.
Hey Amir,
so where are we standing currently?
P.S
You still didn't contact me.
so where are we standing currently?
P.S
You still didn't contact me.
Sorry I haven't posted any updates in a few days!
We've been really really swamped traveling all over the place in back-to-back meetings for the last week and a half now. In general, If I don't get back to someone:
1) please forgive me, and then
2) please check http://vyte.in/amir where you can overlay your calendar onto mine and find a time that works for you to hop on a call.
[Pics to come once I'm off this sh**ty plane WiFi]
I'm currently being flown out of Chicago and into NYC, and will be there all day tomorrow if anyone wants to meet up. More big meetings lined up, and then lawyers lawyers lawyers.
We're sitting at ~$35M Proof of Funds collected! We're pushing to lock down pricing and other specifics this week, and waiting for some bigger buyers to send in actual Proof of Funds letters from their banks (some provided screenshots, statements, deposit slips, etc.) We're OK to approach the factory for now though, and we want to keep moving fast with this.
QUESTIONS:
- A number of you have mentioned you're interested in 1080ti's instead of 1070ti's. As mentioned in the op, this is entirely up to us but we need to have a discussion about it. Based on our calculations, price/MH and MH/W 1070ti was the better choice. Please discuss
- Are you guys open to other non-gpu options (like ODM ASIC's) that require a smaller order size, if the graphics cards don't happen?
TO DO FOR US:
- I've messaged everyone on the list who is over the 300 unit minimum, some of you I cannot PM. Please set up a call here; http://vyte.in/amir
- There is a hefty list of people who need sponsors. We need an organized effort for these people to group up and then go find someone they trust to handle their transaction/escrow
- If you have the operational capacity to sponsor cards, please announce your terms here!
jenia1, third times the charm. Let's link up!
Best,
Amir
We're tallying up the PoF received so far. Looking really good, very excited to update you all tonight.
If you're past the 300 minimum order threshold, please try to send in your proof of funds tonight. The farther we blow through our targets the faster we can lock down pricing.
EDIT:
Week 1 Goal: $20M PoF
Week 1 Results: $29M PoF
2/5/18 Goal: $40M PoF
2/8/18 Goal: $80M PoF
We blew past the first milestone in just over three days! Mostly though, THANK YOU guys for spreading the word around and getting a number of big players to come out of the woodworks.
We have our meeting in 9hrs, if you've got Proof of Funds that we're waiting on please try to get whatever you can in before 9am PT so we can walk in with over 30M PoF.
Otherwise, keep posting on telegram/twitter/facebook and reach out to anyone you know who has already heavily invested in mining, and send them to this thread. We've made a shortlink: http://link.revolux.io/bitcointalk
Related: We recently did this podcast ( http://link.revolux.io/cryptocousins ) and had TONS of fun. You guys think someone would be willing to take us on as guests? We're itching to do more.
Fingers crossed, we might just be able to pull this off. After all of this week's phone calls, I'm very optimistic. I can't wait for tomorrow.
Onwards,
Amir
If you're past the 300 minimum order threshold, please try to send in your proof of funds tonight. The farther we blow through our targets the faster we can lock down pricing.
EDIT:
Week 1 Goal: $20M PoF
Week 1 Results: $29M PoF
2/5/18 Goal: $40M PoF
2/8/18 Goal: $80M PoF
We blew past the first milestone in just over three days! Mostly though, THANK YOU guys for spreading the word around and getting a number of big players to come out of the woodworks.
We have our meeting in 9hrs, if you've got Proof of Funds that we're waiting on please try to get whatever you can in before 9am PT so we can walk in with over 30M PoF.
Otherwise, keep posting on telegram/twitter/facebook and reach out to anyone you know who has already heavily invested in mining, and send them to this thread. We've made a shortlink: http://link.revolux.io/bitcointalk
Related: We recently did this podcast ( http://link.revolux.io/cryptocousins ) and had TONS of fun. You guys think someone would be willing to take us on as guests? We're itching to do more.
Fingers crossed, we might just be able to pull this off. After all of this week's phone calls, I'm very optimistic. I can't wait for tomorrow.
Onwards,
Amir
in which form should we provide proof of funds?
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
In addition. In case this really takes off, I can offer my transport services, since I work directly with a warehouse in China that can ship it for substantially cheaper than any other conventional method such as DHL, UPS and so on... plus I have a warehouse in CA,US from which I can manage the further distribution.
Letter from your bank stating you have the funds available to make a purchase of X size
For this week's milestone if you can get a copy of your statement or screenshot of your balance while your bank puts the paperwork together it would help.
What are the details? Can we discuss over the phone? We can use this now... haha
UPS hasn't been bad, as long as we keep the volume up we can get things from point A to point B pretty much anywhere in the world (with a few exceptions) for very cheap.
Freight / Air Freight is also not so bad, as long as we schedule everything well over a month in advance. It's the last minute freight deliveries that end up costing a ton.
I was interested. But how does the MOQ go from 10k units ($350 ea) at $3.5M to 50K+ units at $20M a few days later to now 200K units at $70M 9 hrs. Later. This is either insane or a scam as the numbers keep changing!
Greed and stupidity. By the time this "deal" comes together Volta will be shipping and no one will want their order.
If we get this deal together we'll be one of the first to get Voltas.
Q) Will we fall short of 100M and fail to get this order in?
A) It's very probable.
Q) Is there 100M out there of capital that is interested in buying these cards, and do they have a trustless way of helping us get to the next step?
A) 100%.
It's definitely doable. We just have to put this in front of the right people with the right checkbooks, and then work our a**es off to make sure they are 100% satisfied and all their terms are met.
I'm confident my team will pull through on that.
All we need right now is Proof of Funds.
Best,
Amir
So what is the moq now? Way more than 10k it seems. Unless you have a very large investor i dont think a group of miners will be buying 50k-100k 1070ti cards in one fell swoop from this community and be able to line up all the details, funding etc. Although the price point is interesting....i could be wrong and hope i am.
MOQ is 200,000 units, and we do have extremely large buyers interested. Working on setting up meetings this week. I'm very optimistic after today's calls.
Any updates Amir?
Hey everyone, sorry for the delays. Had a very fruitful trip to NYC on Sunday, met with our reps, met with Saj, and got some questions answered:
1) Kingston: I brought up our concerns during the meeting, and it turns out there was a huge misunderstanding. You guys are right, Kingston has nothing to do with NVIDIA memory, and I mixed up two completely separate deals. The memory shortage is still true, but NVIDIA gets their chips from Samsung and one other major manufacturer which you all know but due to the NDA I signed, I cannot disclose.
I take 100% responsibility for this confusion, I completely misunderstood the details of what was being presented to me and then failed to check my doubts with some quick google searches. My background is electrical engineering, so trust me I understand the difference. Just did not look into it deeply enough.
2) Warranty, support, samples, etc: these and all other terms can and will be discussed once we show proof of funds. We operate at or above 100% delivery commitment with the factory and we will not approach them unless we're 100% certain we can follow through. We can't flash big numbers without follow-through, and we can't get to the front of the line unless we have a big enough order. If we put together a deal that's massive enough, we will negotiate favorable terms. Warranty, samples, the whole nine yards. Anybody that's in this industry can tell you, with graphics cards pricing changes every day. We need to move fast if we want to lock down this price and lead time.
What this means for you: All we need is proof of funds. Nobody is asking you to send money to anyone. If 1070ti at $350 is something that excites you, all we need to make it happen is how many you're interested in and proof that you hand the funds to follow through on that order. We have an initial milestone of $20M this week. If we can put together $20M PROOF OF FUNDS by Wednesday/Thursday then we will move on to the next milestone. If we can't get $20M in proof of funds by this week, there is absolutely no way we're going to put together a 100M+ deal in any reasonable amount of time.
The point here is to figure out very quickly whether or not this is going to happen, and if it isn't we should minimize the amount of time we waste.
Progress: We have about $4M in proof of funds to be collected by Wednesday so far. We're meeting and taking phone calls all this week with Miners, VCs, Investment Bankers, and anyone else with deep pockets that's interested in buying lots of cards. 16M to go.
All we need to do is show that we're serious and that we deep enough pockets to back up our interest. From there, we will fight to get the best terms. Once we've locked down terms we pay the factory with credit (not the money you've put in escrow). Once the cards are made, they ship them to us, we inspect, and if all is well we release our funds.
Hope this clears up some confusion. Back to the grind for us. If you need me urgently, try pinging me on telegram @amirofcrypto.
All the best,
Amir
While it's nice to have this additional information again I find myself not able to fully understand what is going on here. This group buy started at 10k units at a total value of $3.5m, the first post (last updated 3 days ago) shows commitments of about 5k units suggesting a status of about halfway.
In this post you indicated that you have commitments for over 11k units already and you are seeking commitments for an additional 45k+ units to even move forward. How are any of us expected to plan our financial commitments when the group buy is drastically changing constantly? Over the last few days the minimum appears to have ballooned by nearly a factor of 6!
NVIDIA's annual revenue is in the billions, they don't do deals in in the hundreds of thousands of dollars, and getting a ~5M deal done would have to be a favor, even when NVIDIA isn't as hot as it is right now.
People don't always take you seriously (especially online) when you start to throw around massive numbers. We could never crowdfund an order like this online in a reasonable amount of time, and even if we did it would fail miserably because the operational capacity to ship hundreds of thousands of cards to small buyers all around the globe doesn't just pop up out of nowhere.
The only way to get this done is to go through our networks and assemble all the biggest buyers. If we're able to pull that off, we can carve out a juicy order for ourselves here.
So far today we've had some really promising conversations, still sitting at 3.5M in proof of funds. We are meeting with this guy tonight, who is apparently really interested in mining: https://www.linkedin.com/in/michaelhchang/
Wish us luck.
All we need is proof that there are people interested who have the money. Nobody writes a single check.
Any updates Amir?
Hey everyone, sorry for the delays. Had a very fruitful trip to NYC on Sunday, met with our reps, met with Saj, and got some questions answered:
1) Kingston: I brought up our concerns during the meeting, and it turns out there was a huge misunderstanding. You guys are right, Kingston has nothing to do with NVIDIA memory, and I mixed up two completely separate deals. The memory shortage is still true, but NVIDIA gets their chips from Samsung and one other major manufacturer which you all know but due to the NDA I signed, I cannot disclose.
I take 100% responsibility for this confusion, I completely misunderstood the details of what was being presented to me and then failed to check my doubts with some quick google searches. My background is electrical engineering, so trust me I understand the difference. Just did not look into it deeply enough.
2) Warranty, support, samples, etc: these and all other terms can and will be discussed once we show proof of funds. We operate at or above 100% delivery commitment with the factory and we will not approach them unless we're 100% certain we can follow through. We can't flash big numbers without follow-through, and we can't get to the front of the line unless we have a big enough order. If we put together a deal that's massive enough, we will negotiate favorable terms. Warranty, samples, the whole nine yards. Anybody that's in this industry can tell you, with graphics cards pricing changes every day. We need to move fast if we want to lock down this price and lead time.
What this means for you: All we need is proof of funds. Nobody is asking you to send money to anyone. If 1070ti at $350 is something that excites you, all we need to make it happen is how many you're interested in and proof that you hand the funds to follow through on that order. We have an initial milestone of $20M this week. If we can put together $20M PROOF OF FUNDS by Wednesday/Thursday then we will move on to the next milestone. If we can't get $20M in proof of funds by this week, there is absolutely no way we're going to put together a 100M+ deal in any reasonable amount of time.
The point here is to figure out very quickly whether or not this is going to happen, and if it isn't we should minimize the amount of time we waste.
Progress: We have about $4M in proof of funds to be collected by Wednesday so far. We're meeting and taking phone calls all this week with Miners, VCs, Investment Bankers, and anyone else with deep pockets that's interested in buying lots of cards. 16M to go.
All we need to do is show that we're serious and that we deep enough pockets to back up our interest. From there, we will fight to get the best terms. Once we've locked down terms we pay the factory with credit (not the money you've put in escrow). Once the cards are made, they ship them to us, we inspect, and if all is well we release our funds.
Hope this clears up some confusion. Back to the grind for us. If you need me urgently, try pinging me on telegram @amirofcrypto.
All the best,
Amir
Kingston does not manufacture memory chips... Kingston manufactures MODULES from 3rd parties chips............
just from this detail this smells of scam.
just from this detail this smells of scam.
Thank you for this, we will ask at 1PM ET today. If anyone has any other well researched questions like this please get them in by 12PM ET today. That's about 3 hrs and 20m from now
Best,
Amir