Bitcoin Forum

Would be interested in 1, how come it is 100% and not 50% deposit?

Can you elaborate on why the Friday deadline?

Why are these purchasing contracts for these so short on time?

From what I know the manufacturer is ready to start the production of units and have given any Batch 1 customers a deadline to show up in Beijing in person and sign contracts.

Can you elaborate on why the Friday deadline?

Why are these purchasing contracts for these so short on time?

This process sounds reasonable.  Please put me down for 1.

From what I know the manufacturer is ready to start the production of units and have given any Batch 1 customers a deadline to show up in Beijing in person and sign contracts.

There are several groups that are buying miners from the first production batch. The terms are the same for all groups, and one of the requirements is 100 units minimum order quantity. That's it.

Heshreyt: 10.8 GH / s ± 5%
Energy consumption: 730 W (at an ambient temperature of 25 degrees Celsius)
Efficiency: 0.07 W / MH (at ambient temperature of 25 degrees Celsius)
number of chips TNB0303-FL28 28nm: 64
Operating Temperature: 0 ° C to 40 ° C
Mains: Ethernet
Power supply: 110V to 240V, 50Hz / 60Hz, built BP at 850W
Certification: FC, CE, LVD
device Dimensions: 490mm (L) * 350mm (W) * 180mm (H)
Weight: 22 kg Packets

iBelink ™ DM11G Dash for mining and X11 most energy-efficient and high-yield miner in Mire.Energopotreblenie miner is only of the order of 730W while Heshreyt reaches 11GH / s (11000MH / s) . The decision was the most powerful solution on the algorithm X11, ahead of the nearest competitors ten times the performance and energopotrebleniyu.Ustroystvo was developed by a consortium of Chinese high-tech Tiannengbo Group companies. iBelink ™ DM11G retained the appearance and structure as the previous model DM384M.Ustroystvo got new chips TNB0303-FL28 28nm located on four boards, each of which is located 16 chips. The control board Raspberry Pi B +, the device has the functions of: self-test, to alert email, reboot, self-healing, thus making separate apparatus nadezhnym.Takzhe of the cooling system and heat dissipation: the noise and heat from the miner twice lower in comparison with the miners, Bitcoin Asic. iBelink ™ DM11G-revolutionary solution that will provide a quick payback and easy maintenance.
Minimum order: from 10 pieces
Price: 7500 USD
Shipping: 3 months
Payment: at the factory iBelink in USD / BTC (50% in advance, 50% before shipment)
Warranty: 90 days from date of shipment

Logistics and insurance are included in the price of
conclusion the plant may contract before April 31, 2017

Hash Rate: 10,8GH / s ± 5%
Power Consumption: 730 W (at the wall, with 25 C ambient temp °)
Power Efficiency : 0.07 W / MH (at the wall, with 25 ° C ambient temp)
Number of TNB0303-FL28 chips per unit: 64
Operating Temperature: 0 ° C to 40 ° C
Network Connection: Ethernet
Power Supply: 110V to 240V, 50Hz / 60Hz, PSU 850W included
Dimensions: 490mm (L) 350mm * (the W) * 180mm (H)
the Weight: 22 kg

of the iBelink DM11G ™ is the world's will most power-efficient Dash and the X11 the ASIC miner. World's best ROI for any X11 Dash miner or any other Asic miner. Extremely low power consumption only 730W.New 28nm ASIC chip TNB0303-FL28 with best Power Efficiency 0.07J / MH. This high-performance miner is brought to you by Tiannengbo Group, a consortium of high tech companies based in China. The iBelink ™ DM11G is a highly- integrated Dash and X11 miner. You just need to connect a power cable and an Ethernet cable to set up the miner. It is designed for both large scale mining farm deployments as well as at-home mining. Four high speed cooling fans (by default connected to a 12V power supply) can be manually connected to a reserved 5V power supply after open box rewiring to minimize noise with the trade off of some hashing performance. This miner has been designed with several self -diagnosing, self-recovery, and automatic email warning capabilities to make your mining life easier. The iBeLink ™ DM11G Dash and X11 miner contains 4 hashing blades and a Raspberry Pi B + . Each hashing blade contains 16 TNB0303-FL28 28nm ASIC chips, and can be managed (or controlled) for mining separately.
Information Part the Sales:
of The iBeLink DM11G ™ is sold A through bitbaza.com online store. Your order will be shipped to your address directly from China through DHL / UPS Worldwide Saver service. In general, it should take one to two weeks for your order to reach you. Shipping is not included in the price of the units. Payment is with bitcoin or in USD to Bank account in USA.
Warranty:
A 90-day warranty is provided starting from the shipping date. All sales are final. Defective machines will be repaired for free under the warranty policy. The following events will void the warranty: Overclocking the miner will void the warranty immediately. Customer removes / replaces any components by himself without receiving permission from manufacture. Damage caused by poor power supply, lightning or voltage surges. Burnt parts on hash boards or chips. Miner / boards / components damage due to water immersion or corrosion due to wet environment.

Where is your data center located?

Do you know individual shipping weight of each miner?

Where is your data center located?

Do you know individual shipping weight of each miner?

There are 3 people in our group with data centers.  1 is in Texas, 1 is in Arizona and 1 is in Missouri

Truth be told , trying to organize this before Friday is difficult if not impossible.  But you never know if someone wants to buy a bunch then it could happen.

I guess BTC could be used but not sure how to handle the second 50%- 

There are 3 people in our group with data centers.  1 is in Texas, 1 is in Arizona and 1 is in Missouri

I guess BTC could be used but not sure how to handle the second 50%- 

I suppose this would be up to what payment methods that the manufacturer supports and the person doing escrow is willing to handle.

If the person doing escrow can't do wire transfer that would rule them out.

3 units for me

Correct, also all the buyers need to be protected from fluctuations in crypto as pointed out.  That is why I suggest Wire but ultimately escrow can make that decision with the community if this comes together.

What kind of contingency do we have here if we get to 50 and then one guy at the last minute has an issue with the wire transfer and we end up at 47?

Would the deal then be dead?

USAO, if the wife kills you then make sure to setup a deadman switch so that your system emails the forum so we know that your dead with an address so we can come to your funeral... Do you want us to bury you in the boxes the iBelink shipped in?  Or do you have a preference?  LOL

  

Hey, 10+ Grand is no laughing matter.

What kind of contingency do we have here if we get to 50 and then one guy at the last minute has an issue with the wire transfer and we end up at 47?

Would the deal then be dead?

No, I am sure we would step up and buy the extra couple.  No way would we let it go for 3 units or whatever ;)

Please let me know some details:

-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate

and so on ?!?

Much of this was dealt with in the OP.
Escrow: TBD
Cost: OP
Timeline: OP
Shipping: OP

Please let me know some details:

-what escrow service
-how much to pay
-how / where to provide proof of payment from the escrow and so on.
-when will they be shipped
-how much is the shipping usa-usa or how / where to estimate

and so on ?!?

No, I am sure we would step up and buy the extra couple.  No way would we let it go for 3 units or whatever ;)

It would be 100% to escrow and then escrow would send the other 50% at shipping time.  That avoids trying to collect money from 50+ people 2-3 months from now.  It would suck if the miners are ready and a bunch of people have not paid the second portion.

Sounds reasonable, thanks for the concise answer.  Put me down for 1.

I am interested in 1!

Just so everyone is aware, i've been monitoring the miner at the pool and the hashrate has dropped today to 7.2-7.5 ghs, its been like this for the last 3-4 hours.
Right now its currently hashrate is @ 7.31 GH/s, something to watch for! ::)
http://prnt.sc/f3f1nn

  Just got home from a real world event. (Funeral)
 Jeese 500,000   my gut says do this but  let me think this over and get more details  as that  is 10x  what I have ever held or done.

At kilo17  please pm some extra info.

As to how the seller/builder wants payment sent to their company.

No promises as to me doing this  as it is quite  a bit of  $$$

There are several groups that are buying miners from the first production batch. The terms are the same for all groups, and one of the requirements is 100 units minimum order quantity. That's it.

I am up for 1 unit too, but I think we should buy services of verification like "SGS (http://www.sgs.com/en/consumer-goods-retail/electrical-and-electronics/machinery/reliability-testing)"

Forgot to mention, is anyone from the group going to see the actual product in person to verify? None of the videos show that it is getting a constant 10+ GH or am I not seeing it somewhere and just not spikes?

Edit: Originally the Baikal only did x11 also, and then later, it was able to do X11, X13, X14, X15, Qubit, Quark through an update. Would this iBelink DM11G be able to achieve the same thing? Would hate that it's only limited to just 1 algorithm.

Damn, i need to see here how liquid i am before i can commit, but i just wanna say i think the way your handling this is much more honest and that users will be in better hands with you (and Phil IF he holds the money)
its a bit concerning personally i have not seen the pool info live over around 8GH, but damn, if they announced "8GH 760 watts" i would STILL be as interested.
why no contact on the forum from them? maybe their account got hacked in one of the old database robberies and they ashamed to/cant recover it haha

greeds a bitch, TY for not needing TWENTY-FOUR FREE MACHINES to organize this! ;p

So far watching this miner online it is not hashing anywhere near the advertised 10.8gh.  http://106.120.52.201:7903/static/

Also this isn't iBelink's first miner.  They had a previous model that only supported X11 and that has not changed.  Baikal is just several steps ahead of the iBelink folks in their miner development.  So I don't know that I would count on the iBelink supporting additional protocols.

I read both threads just now. I commented that I may do the escrow on kilo17's thread before I realized this thread was first.
I was away from home Sunday Monday Tuesday attending an Aunt's funeral.

Okay passing no judgement on bittawm or kilo17

Passing no judgement on the builder.

 Just doing  math  I need an answer to one Question


pretend I pay this friday 5th of may 6700 here.

pretend I pay this friday 5th of may 2500 to kilo17 escrow and then 2500 when item ships.

I need to know lead time  from payment this 5th of may to ship time  are we at a lead-time of 60 days July 5th  or 75 days July 20th  what is that promised time. for ship.

note I am posting this in kilo's thread.

Right now I see 2 people I like and have done deals with good deals.
I see 2 people fighting.

all due to a builder that is asking for a lot of  $$$ upfront.

I don't like to see this.

I don't like seeing us played against on another.

So could some one give me promised date for shipping.

note posted in both threads:

I believe ship dates are prior to July 31.  All of the details are in the contract that I would like to send you to look at (PM sent  ;)) - I will post all the details if you accept being the Escrow.  Without you there really is not much reason to proceed because I am not comfortable with anyone else. 

Thank you for your suggestions. We will address all those concerns when it comes that point. We will open our official web sales to address smaller orders, which is only a matter of time. I hope everyone could wait until we are ready. At this age of information transparency, if anyone tries to just reselling with huge profits without any value added service, I think the chance is pretty small.

I've sent an e-mail to the manufactory and address the following topics below.
If they respond i will post it here.

Hi
I have been thinking about a proposal for you to make the mining community.
There has been a lot of speculation regarding your product, trust issues with your company and all.
I think the main concern of everyone that wants to buy your product are:

1-) Is the machine really able to do 10ghs?
2-) Who is the manufactory?
3-) Can we see credentials for the factory?
4-) Who is the CEO and what are his credentials?
5-) Why only sell in lots of 100 and require immediate payment?

Here are my suggestions to you

1- I've seen video of the machine working, i would suggest you setup a time and date and do a live feed, where people can ask questions and the machine be fully tested, that would solve trust issues with the product.

2-) I would suggest you put up your company information, certifications and all so people can see you have a real and trusted company.

3-) Allow an audit so we everyone can know from a third-party company that you have capability of producing these machines.

4-) I've seen some linkedin accounts linked to your name, if it's you I think people would know you are a trusted person because you have worked in big companies before.

5-) Looks like all buyers that signed or wanted to sign contract with you, most of them don't have funds to back it up by themselves, you are selling at 4999 and people are trying to sell at 6750 7500 so they have enough funds to pay you. This has caused MAJOR conflict with the community.
I would think would be MUCH MUCH easier if you opened for single orders or at least lower the minimum to 2-5 units and charged a higher price, this way people would be able to purchase directly from you and not having to go thru the hassle of buying from resellers.

I'm sure if you can take care of those 5 topics above, things will go much smooth and everyone will be happy.
You can start production on the machine.
People can buy your product at reasonable price and not having to worry about it.

In the end EVERYONE IS HAPPY!!!

Sorry for the long post..  

Thank you for your suggestions. We will address all those concerns when it comes that point. We will open our official web sales to address smaller orders, which is only a matter of time. I hope everyone could wait until we are ready. At this age of information transparency, if anyone tries to just reselling with huge profits without any value added service, I think the chance is pretty small.

Regardless if this one happens, I appreciate the way this group buy is handled.  Thank you Kilo for running a transparent and professional process.

I'm in for 1 unit

Thanks

All clarification: https://bitcointalk.org/index.php?topic=1898909.new#new

NO - that is simply more lies and deception - here is the UNMODERATED VERSION:

https://bitcointalk.org/index.php?topic=1898943.0

If there are several groups and the minimum is 100 units, imagine the nuclear difficulty that it's going have on DASH.

Network hashrate for DASH is about 3TH, so if each iBelink DM11G does 10GH x 100 units = 1TH x 2 Group Buys = 2TH.

So that is more than half of the network hash added that is going be online. Anyone know how to calculate profits with the difficulty when that much is added? Lol

It seems pretty unrealistic to me that with current calculations, it says ROI is 30 days or less even at 0.30c kilowatt.

On that note, I'm down for this unicorn ride. Count me in as 1 if only philipma1957 is escrow, I trust him with my money. Did group buys with him before. I can only send bank wire. Hope you got a good tax accountant philipma1957, lol. Let me think for now. LOL

Difficulty is going to skyrocket if 500+ of these units go online. Which will in turn hurt the profitability as time goes on, thats crypto though.

Kilo: I may be down for one of these be right now I'm on the no side. Seems like the only proof we have is one video and tracking hashrate that seems to be dropping or not maintaining the 10GH rating. Having escrow through phil is great and I 100% trust you and the other guys in the group buy, I'm just a little afraid of vaporwaring $5700 down the drain. Is there anything else out there to give a little more confidence in iBelink?

As I understand it, there should not be a risk of vaporwaring 5700,- down the drain, "only" 2500,- if this turn out to be vapor it would be found out before shipping, right ? ;

from op;
"2 - Escrow would need to have the entire amount for 50+ units in his hand by Friday. 
3 - Escrow would be sending the money directly to the manufacturer.  50% on Friday and the balance when the miners are going to ship.

Put me down for 38 units.

Put me down for 38 units.

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

If iBelink really is building and shipping 3000 units you can throw out all all the calculations for ROI.  Diff is going to the moon, profitability is going to crash.  The only thing you can do is guesstimate what might happen. 

If we were to get some of the first units and started mining like crazy we might see an ROI in 6-8mths IF we are lucky.  I suspect it will quickly go out beyond a year and will be like trying to mine BTC.  Only shot is to get one of these early.  If you pick up one later the chances of ROI look pretty grim. 

Of course that all assumes that these units hash at the advertised rate, which so far the limited look at the one that was online was quite a ways off from the advertised rate.  I am not so sure this thing is ready for prime time.  I would like to see some more data from the miner. 

Put me down for 38 units.

I didn't think about hash difficulty that would be increased automatically because of this, and it's absurd for them to sell these asics if the ROI is 1 month.

If it becames like mining bitcoin then dash mining would be dropped a bit and especially from those that have mining for a long time with small asics.

Not to judge you or anything, but with the X-MEN vs Avengers Movie that been going on in this community, and since you are a fairly new account, makes me wonder if this is a sabotage attempt. I could be wrong, but things have been weird lately going back and forth of different group buys... lol

This is how I feel as well.  So many users wanting miners on both group buys have been low post accounts. I would love a few of these miners I just don't know how I feel about the situations.  :-\

 If I was a mod I would scan their IPs and see how many new accounts have the same IP addresses as some of these forum members :)

Very interesting.  I would like to see the IP scan list and see what we are dealing with.  Probably both group buy threads should have the IP's scanned to see is going on.   

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

I independently calculated ROI to be the same two days ago and based on this amazing return I concluded that the manufacturers must have rocks in their head to sell devices that pay back in perhaps 15 days if only their costs were involved, don't need to add their profit to that calc.
Why the hell would you sell miners that you would be better off keeping with those sorts of returns. Are they really trying to be that kind to the world ?

Good luck !

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.


regards,

If you check out some of Phil's threads you will see he has quite a farm going.  He has AMD rigs, ASIC miners, but recently started jumping into the Nvidia mining.  So he has all of the bases covered!   ;D  Great reading and a good education for anyone just getting into mining.  Phil's got a solar farm thing going on as well.  Just amazing fun stuff. 

basically I am diverse.

I have stable power in the solar farm

my limits are not as much power as I want.  heat control and   

 asic gear sucks

 s-9's break - can not down clock any more.  need to for heat issues .
r-4's  break---- I  don't need to down clock but both that I have have issues running  in proper temps with proper power.
avalon's are great  they  just run but they burn power.
 I could not get new x11 gear,
l3 was held up by bitmain

this leaves nvidia and or amd.gpus
I can down clock and I have the ability to sell gear to gamers - the nvidia or miners the amd.
once you have 11 mobos paid off you can pick and choose the gpu's to use.

Phil is holding out on you... He forgot to mention the Panda! LOL  Cool stuff!