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So http://pinidea.io/ (http://pinidea.io/) announced that they are accepting an orders for their 500 Mh/s DASH ASIC miner (it appears that it should rather be called "FPGA miner" IMHO...).

Original thread: https://dashtalk.org/threads/asic-x11-miner-hashrate-500mh-s-320w-weighs-4-5kg.8099/ (https://dashtalk.org/threads/asic-x11-miner-hashrate-500mh-s-320w-weighs-4-5kg.8099/)

What do you guys think about it?.. Should anyone risk with his or her 500 DASH (or comparable BTC-amount) to obtain such a miner?..

Wow another X11 miner.

Its funny how there are as many X11 Manufacteurs as there are SHA256 Manufacteurs.

Only 2 still.  ;)

Looks scammy as hell.  Their 5 second videos also look terrible.  Would not give a penny to them.

All of that aside, there's always been rumors of Xxx asics out there for a good long while now. Occasionally you'd see miners with astronomical hash numbers pop up on pools here and there.  I would not doubt at all that enterprising individuals (or companies) do possibly have Xxx capable asics, but for end users you need a company that can actually not just deliver their product but ultimately support it.  Fly-by-night operations typically can hardly do the first, but almost never the second.  

I would also consider the scenario where there's a tidal wave of Xxx ASIC devices about to hit the market and that these individuals know this and are selling off their personal stash of miners because they know full well right now is the best time to get max profit on their devices.   Xxx stuff is already marginal as it is, and the astronomical difficulty hikes that accompany ASIC invasions means that little window of ROI is effectively closed even before anyone does get their Xxx ASIC device.

Another?? Oh well, guess that's a good sign :/ Just a word of caution, after the Satoshi round table meeting Dashes lead dev (Evan Duffield) announced they'll be putting a high priority on avoiding mining centralisation and changes are planned out and in development for that. No word on how it will be done yet but it doesn't involve any changes to X11, it's likely to be included in the next release which is due in about 3 months (v0.12.1).

EDIT: Mentioned here in the March budget proposal details:
https://dashtalk.org/threads/march-2016-budget-proposal.8198/

besides the scam it also expensive, 7 bitcoin for one unit, that can generate 0.12 a day only, roi is 2 months without diff increase, but we all know that this is not possible...

Looks very scammy, yep... But sounds so sweet... 2 monthes (oh, even if 3, 4...) for ROI even at that price...

But we are craving for more proofs!..

That quick purported ROI is always the hook.  

Remember BFL, Alpha-T, GAW etc!

Several people have risked with their funds...

https://www.coinpayments.net/feedback-77ed1b95830412aabd584debe5be424f (https://www.coinpayments.net/feedback-77ed1b95830412aabd584debe5be424f)

And pinidea guys says now that test unit has been shipped to someone...

X11 coins have no market cap.

Dash has a high market cap however the block reward is very low to miners.

So I am surprised that people actually designed an ASIC for this. Doesn't it cost $1,000,000 to for chip tape-out and everything?

Pretty much.  This ain't something you cook up in your own lab.

That review page still looks scammy as all hell. 

It's a good point to make about the market cap for coins as well.  Who is going to spend the potential millions to build ASICs for algorithms that drive weak coins that have no real future outside of pump n dump schemes?

 

Well its 152nm technology so maybe it cost $100,000 to design instead of $1 mil.

they are selling this for 3k so by selling 30 of them they have already roied on the design aspect

It is not 152nm, the other X11 asic is using that process, this one should be 55nm hence the lower power usage.

Now there will be released an USB-miner for X11 algo. Soon.

https://dashtalk.org/threads/pinidea-asic-x11-miner-du-1-usb-version-hashrate-8-5-mh-s-releasing-in-mid-may-2016.8624/ (https://dashtalk.org/threads/pinidea-asic-x11-miner-du-1-usb-version-hashrate-8-5-mh-s-releasing-in-mid-may-2016.8624/)

They are yet to release anything actually, besides someone claiming to have a test unit shipped, nobody else has reported anything about the ordered unit shipped yet. There should be quite a few people that have already ordered, so be very careful until there is some real proof!

Now they have posted a link to their cgminer fork for using with DR-1 500 MH/s miner: https://github.com/PinIdea/ASIC-X11-Miner/releases/tag/v1.0 (https://github.com/PinIdea/ASIC-X11-Miner/releases/tag/v1.0)

p.s. but it looks that this cgminer doesn't work well enough: https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-12#post-91971 (https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-12#post-91971)

I can't trust "manufacturer" that claims hashing speed in MHz instead of MH/s.

But someone can. And it seems that if nothing ventured, nothing gained.  :D

https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-13#post-91984 (https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-13#post-91984)

How many of those miners did they sell? Hashrate is around 80GH but for every 2 they sold it will increase by 1GH.

You better ask them about it. )

Meanwhile we have a next video from one of buyers: https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-14#post-92080 (https://dashtalk.org/threads/pinidea-asic-x11-miner-dr-1-hashrate-500mh-s-320w-weighs-4-5kg.8099/page-14#post-92080)

That thing in the video looks nice, actually...but where's the actual proof of mining? 

I want to see proof of on/off functioning, pool connection, hashing, work units completed, sent etc.

I am wondering too that there are so few good proofs for such a good miner...

Here is a link to p2pool stats for DR-1 working with one hashing board (another board seems to be damaged): http://bampfylde.doesntexist.org:7903/static/ (http://bampfylde.doesntexist.org:7903/static/)

A little review of Pinidea DR-1 500 MH/s X11 asic miner: https://www.dash.org/forum/threads/hands-on-review-and-experience-of-the-pinidea-asic-x11-miner-dr-1.8751/ (https://www.dash.org/forum/threads/hands-on-review-and-experience-of-the-pinidea-asic-x11-miner-dr-1.8751/)

Interesting review.

I'm sold that it's definitely a working X11 ASIC device, but the engineer in me would tell anyone that this device still needs multiple design enhancements to make it truly mass-marketable.  The key here is to see if Pinidea will/can engineer a more robust design that takes into account reports of vulnerable pins, connectors, legs etc.  If they do push out new units with those fixes, we might be on to something here.  

Good start.    I am glad to see that they understand the need to push out units ASAP to the community in order to prove themselves.

I am waiting review from people who has used this service, because it is very a little information. I hope there is people will give more information.

exactly that's what everyone should do ... look at their forum / user experience on youtube or another sites and blogs

Let's wait for the moment they will start sales again, and I'll probably try my luck with this miner.  ;)

Hey we just published a review. http://dashpaymagazine.com/index.php/2016/05/06/unboxing-mining-results-pinidea-dr-1-x11-asic-miner/ (http://dashpaymagazine.com/index.php/2016/05/06/unboxing-mining-results-pinidea-dr-1-x11-asic-miner/)

So it pretty much killed the X11 algo.

The hashrate at an all time high and price/mh/btc at an all time low.



http://i65.tinypic.com/2iuvxnd.jpg

Now it seems to be that they're about to release new improved miner: https://www.dash.org/forum/threads/x11-asic-miner-dr-2-coming.8903/ (https://www.dash.org/forum/threads/x11-asic-miner-dr-2-coming.8903/).

Yeah on that Dash forum, so many people are wanting refunds. I am not surprised. They sold like 200 units and probably mined with another 200 units with their own miners.

So I have ordered 10 of these little USB miners: https://shop.pinidea.io/index.php/product/asic-x11-miner-du-1/ (https://shop.pinidea.io/index.php/product/asic-x11-miner-du-1/)

They promise shipping after May 24th.

I am interested in DU-1 to, but the mining software isn't available :-( on github .

Wolf

I have ordered 10 pcs of these USB miners, but it seems that Pinidea doesn't plan to start ship it out. The promised date was May 24th...

How does one contact anyone from PinIdea ?
I would like to find out what the shipping costs to South Africa are and if they do ship to South Africa.

Try support(at)pinidea.io or shaoxinjiang(at)pinidea.io.

But they does not reply to e-mails sent to the last address for some time.

I think these X11 miners were all scams pretty much. The hashrate went up almost 100% in the last 2 weeks. They were suppose to not produce anymore but they keep making them.

The price per BTC/MHS/BTC is like 1/3rd of what it was 2 weeks ago.

http://i65.tinypic.com/2yun66d.jpg

I wouldn't necessarily call it a scam and I think someone would have to be a little naive to believe they would
limit the supply. Furthrmore now that the genie is out of the bottle anyone can build x11 ASIC miners, so it would
be stupid  of Pinidea to just give up the market.

The dramatic drop in x11 profitability will be a bigger factor in the decision to build more.

So this whole thing seemed to fizzle out.

Is there a US based reseller? Anyone actually using a DR2?

It doesn't look promising.  But if they were to send a test unit to one of our trusted high level legendary members, I'll invest oo.

I thought about buying one a couple months ago but the profit for it has plummeted. For 1500 you're only making $130 profit a month mining dash. You can almost double that with ethereum.

I was considering that but  ETH may go POS before  I  recoup the  investment mitigated only by the fact the  rig  could  be used for  other  GPU mined coins.

I contacted the Pinidea team yesterday asking who were reputable resellers but haven't heard anything back.

They may have built out their initial chip alotment and dropped it after *2* other X11 miners of BETTER EFFICIENCY showed up.
Dunno if they'd bother working on a new generation that's competative with the Baikal.