Bitcoin Forum

Just got this email from DualMiner, Anyone else a bit skeptical?

"DualMiner.com is now accepting pre-orders for the iBeLink DM384M Dash and X11 Miner due to high demand! We expect this batch of miners will be shipped before the end of May. You will place your order at www.dualminer.com, payable with bitcoin only. The maximum order will be 3 units to start. Shipping is included in the price of the units for all countries except Europe. Customers in Europe will be required to pay an additional shipping fee of $50. Please order only if you are comfortable waiting. We do not plan to reply with information about order status until May 31. If you have important critical questions we are happy to answer those.

You are responsible for the payment of all tariff and import fees and taxes in your home country. If you fail to receive the shipment according to your local Customs requirements, the packages could be returned and you will be responsible for all the shipping costs back to our factory, plus a restocking charge of $200.

We are unable to ship to Russia directly. If you have an import/export agent in China, we can ship to them and they will arrange for the shipping from China to Russia. You are responsible for the arrangement with the import/export agent directly.

We are really excited about providing Dash and X11 miners to all of you that have shown interest. We greatly appreciate your business!"

View iBeLink DM384M Dash/X11 Miner

http://www.dualminer.com/iBeLink-DM384M-Dash-miner_p_36.html

http://i65.tinypic.com/2ilg7fd.jpg
http://i66.tinypic.com/2ztfvqu.jpg

This does not belong to this forum.

"DualMiner.com is now accepting pre-orders"

You should have stopped right there :P

At least they have pictures of the inside of the machine and it actually looks like a miner.

Yeah i was sarcastic :P

And I was expressing incredulity. If it winds up being a scam, they'd be the first I know of to actually do their homework.

Yup, if it says pre-orders run and run fast.

That's the feeling I have but hasn't DualMiner released hardware previously or was the Sfards miner a different company all together?

I believe sfards was a company that is separate.  If they made dualminer they did not put their names on it which would be odd.  But we have not seen a public asic miner that can mine "X11 Miner".  So I am not holding breath.

Also they say in-stock and shipping at top.... if so why have we not see it on forums working? I would personally not spend a dime on it at this point till more proof.

Valid point... Units are "in-stock" but the email/product listing on their website is for a $2,000+ pre-order miner? Doesn't make sense. I was just wondering because they are offering the Sfards chips on their website as well so wasn't sure if there was some sort of association there.

Its not a scam, they released the miner about a month ago and many people received it.

It pretty much paid for itself already with the high X11 profitability.

So how long until X11 is nigh worthless as an algorithm and something else moves in?

X11 should never be worthless as an algorithm, but much like ASICs changed the mining landscape of BTCSHA-256, X11 will become grossly less lucrative post ASIC, at which time something else will come around as the hot new thing.

"plus ça change, plus c'est la même chose"  -Jean-Baptiste Alphonse Karr

Sorry, as a mining algorithm. Like scrypt was invented as something for GPU miners to mine who couldn't afford to mine BTC because of ASICs, wasn't X11 developed for GPU miners to mine who couldn't afford to mine scrypt? Not saying LTC is worthless, but it's been kinda heading that way for a long time now.

For the record, I am very cynical about altcoins in general.

Same. x10000.

Seriously, how many times can people fall for the "hot new coin" only to be pumped and dumped? EVERY time? We should start harvesting tears from all the sob stories on the altcoin forum, that would be lucrative.

IBTL

The product is likely real:

http://cryptomining-blog.com/7459-we-can-now-confirm-that-the-ibelink-dm384m-x11-asic-miner-is-real/

But off topic all the same.

That would lead us to think it is real I find it interesting though reading it.  Very interesting I wonder who is behind chips the inside does look a awful lot like silverfish blades of a while ago.  But hard to tell a lot of blades look the same.

fuck them.  sfards was always a sneaky company so now that they made money with x11 they will flood the market and kill it off.


and in 2 or 3 months they will be doing it to eth coin.

asics simply kill off alt coins

 Dualminer made small USB boards based on Gridseed chips, to my knowlage, for mining SHA256 and Scrypt with.

 They seem to be a reputable dealer/small manufacturer, but they're ONLY a dealer/distributor for the X11 machine.

 The thread should be moved to "altcoin mining" though.


 SFARDS does not appear to have anything to do with this X11 machine.


 X11 was intended to be "ASIC resistant" not "ASIC proof".
 I am a bit supprised there's enough interest left in X11 coins to justify the investment in a ASIC for them - Cleverhash couldn't get it done last year.
 I'm guessing THIS miner probably runs on older, CHEAPER TO DEVELOP, semiconductor technology than recent Bitcoin and the Innosilicon A4 chips use - perhaps as high as 55nm?

already out of stock.

According to the manufacturer:
When they released the first batch for order they seem to have started shipping a few days later, but now per-orders with at least a month and a half waiting time is never a good sign having to wait too much! And then the delays start and then something else pops up and so on and so on, so be very careful

yep  hurry up and wait tactics >   typical of these kind of sellers.

Can you trust this??? I'm not really sure

I believe they have the machines, but they need to spend at least a good month 'testing' them for their customers to make sure they work first ;)

152nm?

 Didn't think ANYONE still had that ancient of a process node available.

 On the plus side, definitely a cheap-to-design-for node, makes it a lot easier for the "consortium" to make a profit on the things and perhaps do a "next gen" machine a year or two down the road on a more efficient process node.


 Weren't the original GC3355 on a 55nm process node?
 What where the first ASIC for Bitcoin on for a process node?

probably the same tiem frame as it was for scrypt, so at least 1 two year, until all the big money move on something else, new algo and new coin

right now they have dash to mine and some other crap here and there, but it will not last, because those asic are fucking profitable, which mean that buyers will eventually buy those instead of buying the coins

this will reduce demand drastically, like with litecoin...


that's not the point, those asic can reach roi in one mont, and then earn you something like 4 btc per month, you must admit this is one hell of a profit for only 750w

it's all about profit, it does not matter if it come from alt from btc or anything, i would buy one of those immediately if they were available...

The X11 ASIC will only achieve 1 month ROI if you're one of the very first to get one - and there aren't a lot sold for a while causing the difficulty to skyrocket and the reward to plummet.

 Even if you were one of the folks that got one of the FIRST batch units, though, I don't think 1 month ROI is a reasonable expectation - more like 1 YEAR as I recall from calcs on it?



 Rapid ROI on any coin any more is unrealistic - the new name of the game now that ASICs are catching up with semiconductor state-of-the-art is "get your electric cost DOWN and expect to take many many months or years to achieve RoI".

Not only that....look at the below review...it beats them up pretty good.

I contacted them and could have been one of the first orders..but passed.....too much risk at my end...no real risk at their end...same music different asic band :(

The 90 day warranty only on such stuff is what concerns me. I have KNC Titans and by the time they managed to get firmware to work with all the pools for LTC and ALTS for that KNC equipment..IF they would have been able to keep a 90 day warranty....it would only be an LTC miner .took them MORE then 3 months to fix...BUT they messed up and did not fix their web sales page on the warranty the first month of Titan sales  a big bo/bo that saved Titan owners imho headaches indeed...so they had to honor a 1 year warranty...but my point is...this stuff is SO new...that you lose a month just figuring out what is not working so you have 2 months for the manufacturer to fix the issues with firmware..but with a 90 day warranty..hell they could just walk away....in fact KNC pretty much walked away from the firmware improvements after 5 months .....lied and said all the stuff gen tarkin does with his 3rd party knc titan firmware mods was impossible (i asked back in the day.....their techs were as dumb as a box of hammers)

Add the whole at your 'risk'  pre-order and usual LATE release by 2-4 months of most miners of ANY flavor historically  on top of that and the fact HOME mining is dead....not a frigging lot of incentive even if the above could ROI say in 8 months (which would still be scary and likely not include electricity)

and of course the ROI above from the quoted message in this thread..ie a moot point..if you got one you are already in deep do do even without the below review.

anyway the review

http://cryptomining-blog.com/7752-what-we-dont-like-about-the-ibelink-dm384m-x11-asic-miner/ (http://cryptomining-blog.com/7752-what-we-dont-like-about-the-ibelink-dm384m-x11-asic-miner/)

pays to be frigging paranoid as heck about all this stuff (I at one time as a newbie drank the BFL kool-aid..I got a refund by a miracle 1 year 20 days later (one of the few) but still....that
sense of wtf dread that year and 20 days.....keeps me on the ASIC anon path of I will frigging NOT pre-order (w/o PayPal at least and 45 days for them to get me something) nor 90 day warranties.....(I attract lemons)

live an learn...cypto..always drama!

my 2 Satoshi's worth

Why is is called dual miner. Can it mine 2 algos at the same time?

It is just a name. It does not mine two algorithms. This is a X11 miner. It does not mine anything else.

It is not called dual miner, the company reselling the asics exclusively is named like that...

Dual Miner is a DEALER/DISTRIBUTOR selling the "iBeLink" miner.

 DualMiner DID make some mining gear back in the day, USB boards using the Gridseed GC3355 chip, they do NOT make this X11 miner.