[BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon

[davecoin]

Apologies if it's already been noted, but the pricing is up on the website.

http://www.btcgarden.com/products.do

0.45 BTC/GH.

[1714679164]

1714679164

[Vbs]

(...)
Tech Exhibition

a)   Project Milestone i.   March 15th: Signed the confidential contract with the IC manufacture and got the library for synthesis and layout.
                             ii.   April 10th:RTL design, optimization and simulation were finished. Data to predict the specification of actual chips generated.
 

(...)

What is cgminer mining on here then? Air?

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

[Xian01]

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

 It certainly does look like an ASICMiner USB Block Erupter. Curious.

[foxykah]

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

 It certainly does look like an ASICMiner USB Block Erupter. Curious.

is it not porven, that those sticks can't return their prices by mining as a result of diff increase?

[btcrun]

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

 It certainly does look like an ASICMiner USB Block Erupter. Curious.

is it not porven, that those sticks can't return their prices by mining as a result of diff increase?

this may be true or not, but the matter is another: if this is a pic of block erupter usb stick or some of their prototypes!

[aiwill]

Apologies if it's already been noted, but the pricing is up on the website.

http://www.btcgarden.com/products.do

0.45 BTC/GH.

this is not the final price since it is based on the shippment from this Aug.
most likely our products will be cheaper than this.

[aiwill]

   We will


 Due to the troubles from both english and functions of the platform, many chinese BTCers and members of btcman.com are still learning how to use btct.co at the moment.



Thanks for Franktank`s explaination in this thread.  I would like to emphasize the usage of the IPO funds again:

1. Second batch with a huge amount of wafers.
2. Deployment costs for at least several hundreds TH.
3. 2ed-gen chips, 80% odds to 40nm and 20% to 55nm.(BTW: again, 28nm is unrealistic due to the capacity of Fab and the cost )
4. We run this project as a long-term biz, so we need to reserve a part of funds with RMB (CNY,chinese legal money). We need to hold an amount of funds in order to meet probable demands or possible risks.
5. At least currently, our stock is probably not that good for pure speculators.

aiwill,far less optimistically I expect it'll take days or even weeks to sell out the first 2 million.What if you cannot raise enough funds in a short time?I'm afraid this may cause a delay of your 2nd batch of chips.You know,any delay could mean heavy losses in BTC mining industry.
Anyway,I’ve bought a few of it.  
 

hi, by far, we have already gathered a decent amount of funds for our further progress. We ll adjust our plan whenever it is needed. The 2nd batch is the most important part and will have priority. The amount of 2nd batch`s wafers is with basis of our funds too. In addition, we are going to reinvest a larger percentage of our income whenever we have a shortage on funds and  vice versa.

[Streets 2.0]

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

 It certainly does look like an ASICMiner USB Block Erupter. Curious.

is it not porven, that those sticks can't return their prices by mining as a result of diff increase?

this may be true or not, but the matter is another: if this is a pic of block erupter usb stick or some of their prototypes!

Is the question going to be ignored or passed over?  Why did that 'screenshot' show what appears to be a block erupter hashing?  Im sure these guys want to know.

[matuszed]

Simulation on what? Judging from the ICA 0 driver used and hashrate it looks like an Asicminer Block Erupter USB...?

 It certainly does look like an ASICMiner USB Block Erupter. Curious.

is it not porven, that those sticks can't return their prices by mining as a result of diff increase?

this may be true or not, but the matter is another: if this is a pic of block erupter usb stick or some of their prototypes!

Is the question going to be ignored or passed over?  Why did that 'screenshot' show what appears to be a block erupter hashing?  Im sure these guys want to know.

+1

[aiwill]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more ？suggestion?

[kleeck]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

You might want to look into a translator other than Google, as well. Your block eruptor can probably pay for one in about five years.

[redphlegm]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

[aiwill]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

You might want to look into a translator other than Google, as well. Your block eruptor can probably pay for one in about five years.

  well actually i prefer BAIDU translator when needed.

also,Just curious：u r not our shareholders and will never be,  then for what kind of pleasure you r seeking to push you waste your life to black others here?  

[aiwill]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

We can promise this. But maybe "daily" is too often to achieve.“ Weekly ”might be an acceptable rate (BTW:Videos will be made for our live mining instead of private informations)

[redphlegm]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

We can promise this. But maybe "daily" is too often to achieve.“ Weekly ”might be an acceptable rate

Found it (from here):

4.   Q & A

Q:Do you guys have any relationship with ASICMINER or AVALON?

A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.

Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?

A: A daily video will be upload every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshoped. We may adopt a lot of methods like this to reduce the probability we do anything dirty.

Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.

A:As we metioned on the 3rd part, we still haven’t decided which mode to choose yet, if we finally prefer Mode B to A, then all kinds of questions may be posted on somewhere at our website and will be replied asap.

[richard_dein]

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more ？suggestion?

Bullshit.

You know trust has been an issue in the BTC world forever, so you're not justified to act like that.
You are asking for more than 3 million USD. It's an amount of money you can live off with for the rest of your life; how should we know you're not running off with the pile of money?
I would have called the police if you approached me in real life with that kind of talk. If you want your money, do your best to tell us the details.

[kleeck]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

You might want to look into a translator other than Google, as well. Your block eruptor can probably pay for one in about five years.

  well actually i prefer BAIDU translator when needed.

also,Just curious：u r not our shareholders and will never be,  then for what kind of pleasure you r seeking to push you waste your life to black others here?  

I think you truly prefer the AYBABTU* translator, but I digress.

Don't go anywhere BTCGarden. This is going to be fun!

http://www.youtube.com/watch?v=FVsijmCFs50

[aiwill]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

We can promise this. But maybe "daily" is too often to achieve.“ Weekly ”might be an acceptable rate

Found it (from here):

4.   Q & A

Q:Do you guys have any relationship with ASICMINER or AVALON?

A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.

Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?

A: A daily video will be upload every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshoped. We may adopt a lot of methods like this to reduce the probability we do anything dirty.

Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.

A:As we metioned on the 3rd part, we still haven’t decided which mode to choose yet, if we finally prefer Mode B to A, then all kinds of questions may be posted on somewhere at our website and will be replied asap.

   Ok then  it is not a big deal, we can hire a guy to do this if needed.

[Streets 2.0]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

We can promise this. But maybe "daily" is too often to achieve.“ Weekly ”might be an acceptable rate

Found it (from here):

4.   Q & A

Q:Do you guys have any relationship with ASICMINER or AVALON?

A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.

Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?

A: A daily video will be upload every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshoped. We may adopt a lot of methods like this to reduce the probability we do anything dirty.

Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.

A:As we metioned on the 3rd part, we still haven’t decided which mode to choose yet, if we finally prefer Mode B to A, then all kinds of questions may be posted on somewhere at our website and will be replied asap.

   Ok then  it is not a big deal, we can hire a guy to do this if needed.

LOL... I believe they just said it was needed.  How, better yet, WHY are people just throwing money at this? 

[kleeck]

To all shareholders : Since all of our reputation is only based on chinese community,we ll give out some pics of equipments/devices and upload our deployment schemes soon to enhance your understanding of us.

To those doubters with "ASICMiner USB Block Erupter"-related talks : I feel somewhat depressed and was beaten！--- Do our team look that stupid ?  Show out a USB-ASIC MINER as our deception ？How could be more stupid than this ? any suggestion?

I don't remember where I read it but someone reminded me of the intention to provide videos as updates rather than photos on a daily basis. I think that would go a long way. A youtube channel or something like that would be ideal where people could subscribe to the video updates.

We can promise this. But maybe "daily" is too often to achieve.“ Weekly ”might be an acceptable rate

Found it (from here):

4.   Q & A

Q:Do you guys have any relationship with ASICMINER or AVALON?

A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.

Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?

A: A daily video will be upload every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshoped. We may adopt a lot of methods like this to reduce the probability we do anything dirty.

Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.

A:As we metioned on the 3rd part, we still haven’t decided which mode to choose yet, if we finally prefer Mode B to A, then all kinds of questions may be posted on somewhere at our website and will be replied asap.

   Ok then  it is not a big deal, we can hire a guy to do this if needed.

LOL... I believe they just said it was needed.  How, better yet, WHY are people just throwing money at this? 

Yeah, if we don't have video evidence how will we know they aren't doing anything dirty?