Bitcoin Forum

These guys never cease to amaze me.  Bittawn and friends now think it is a good idea to have a MODERATED THREAD for a GROUP BUY.  Are you guys fucking serious.

Look at Mindtrip and Buckrogers REAL Trust Rating and not the INFLATED ones they took screenshots of after changing the Trust Settings.

All of the sudden they have extended the deadline even though they SUPPOSEDLY have the money to close the deal already.  Give me a break.   These guys do not want to reveal themselves or answer questions but all of the sudden when the deadline approaches they decide to make an appearance and give the community more time to DONATE to their scheme.  

These guys need to go away with their never ending lies.  If needed I will go quote a few of Bittawns for this thread.

HERE IS A LINK TO THE ORIGINAL THREAD THAT WAS CLOSED BY bittawn and friends.

https://bitcointalk.org/index.php?topic=1897027.0

POST ABOUT SOME LEGAL STUFF

https://bitcointalk.org/index.php?topic=1898943.msg18880172#msg18880172

hes part of kilos dirty crew, fear mongering and spreading bullshit

Blame me for everything   ;)

Bittawns Quote from the OP of the First Thread:






As you can see, the terms of the sale have changed once again, in the first thread 50 were REQUIRED but in the new thread there is NO REQUIREMENT.  Just like the deadline and other things- they change them to suit their best interest 

Sounds like they DO NOT have the money for the 120 units as they say they do. ???

you are going to look like a fool once this goes through. the 50 units was the first target given to me by the resellers, then kilo got involved so the ball was changed.

- Moderated threads

- Changing deadlines

- Changing units needed to sell  

- NO PROOF THEY HAVE MONEY FOR 120 units

- 2-3 people posting that Buckrogers and Mindtrip misled them in this exact deal and say they have evidence

- You acting like you know them when in fact you stated on your old thread that you were directed to them from the manufacturer and have only "Known Them" for a few days

- Wanting Full Payment when only half is required.  Doesn't it make since to only send half the money until you see the fucking miners.  What if they fail to come through?

- A greedy bastard running the GB

- Huge TRUST pictures with CHANGED TRUST SETTINGS

- MOST IMPORTANTLY - WHY WOULD THEY GO THROUGH ALL THIS SHIT IF THEY WANTED TO BE "PRIVATE" OR IS IT REASONABLE TO ASSUME THEY DO NOT HAVE THE MONEY TO BUY 120 UNITS

- Do I need to keep going you moron

[- Moderated threads

- Changing deadlines

- Changing units needed to sell ]

^^^^^^^^^^^^^^^^^^^^^^------kilo and your crew got involved

[- NO PROOF THEY HAVE MONEY FOR 120 units

- 2-3 people posting that Buckrogers and Mindtrip misled them in this exact deal and say they have evidence]

^^^^^^^^^^^^^^^^^^^^^^------I have seen a wallet with ample funds

[- You acting like you know them when in fact you stated on your old thread that you were directed to them from the manufacturer and have only "Known Them" for a few days]

^^^^^^^^^------- I have not known them long but all 3 of us have signficant trust and history here on the forums and are willing to share IDs and any other credentials required to serious buyers

[- Wanting Full Payment when only half is required.  Doesn't it make since to only send half the money until you see the fucking miners.  What if they fail to come through?]

^^^^^^^-------------------------even phillip (your first pick for escrow) has acknowledged it will be a pain in the ass to do half now half later with such a large amount of money, I am in talks with our side of things and we can possibly do 50 50 but right now its 100% up front,our side of things has paperwork in place for a scenario when the miners are not delivered. (if you are questioning your own source that is not good)

[- A greedy bastard running the GB]

^^^^-------you and your crew are toxic

[- Huge TRUST pictures with CHANGED TRUST SETTINGS]

^^^^^^^^--------- lol you dont know how the trust system works

[- MOST IMPORTANTLY - WHY WOULD THEY GO THROUGH ALL THIS SHIT IF THEY WANTED TO BE "PRIVATE" OR IS IT REASONABLE TO ASSUME THEY DO NOT HAVE THE MONEY TO BUY 120 UNITS]

^^^^^^^^^^^^--------- I have seen wallet balances and they have ample funds, I have my own funds too, funny how youre even questioning that


[- Do I need to keep going you moron]

^---------------------------no but something is telling me you will anyhow


 

Keep posting Bittawn.  You are looking more like a dumbass with each post.

In reference to your comment about the Trust - well apparently you do not know how it works.  You can change the settings in your profile and Default Trust etc.  Here is an example of your buddies posts and the real ones with default trust:

THEY ARE DECEPTIVE IN EVERYWAY IMAGINABLE


This is the DEFAULT TRUST for Buckrogers
https://i.imgur.com/P3v70au.png

This is the BIG ASS post in your thread with the NON DEFAULT TRUST for Buckrogers
https://i.imgur.com/Tdd6IPf.png

DEFAULT TRUST for Mindtrip
https://i.imgur.com/BpfULIF.png

BIG ASS picture to make it look better with NON DEFAULT TRUST
https://i.imgur.com/ZUNVSVo.png

Do you see the difference you fucking moron

IBeLink DOES NOT REQUIRE 100% payment - if you do not want to be safe for your buyers then tell them

I saved the best for last:

I AM 100% CERTAIN that your PIGGY BANK DOES NOT HAVE $500,000 in it to cover a fuck up on your end and neither do the other 2 peeps

 I have seen balance with my own eyes

Next offer:

If they post a Signed message from the wallet with enough money to pay for 120 units at full price -- or about $600,000 in Bitcoin and/or Dash then I will close this thread and apologize.

Very interesting, why the need to change the trust settings in the moderated thread post and screen shot it?  Instead of making a better case for themselves they have now just made it worse.  Thanks for pointing out this flaw in the forum trust settings.  I was not aware it could be gamed like this.

 

It didn't cross my mind of people getting kick backs on group buys either until someone brought it up. I thought people were doing it to help the community acquire equipment's at discount price for bulk orders from the manufacture, not profit another $1750 that was not disclosed in the very beginning.

$6750 came about was because the original group buy at $5000 per unit lost. Then it was made to the public like we have a second shot at $6750 now, because we lost the deal at $5000. But in reality, you can still get it for $5000 as long as you meet the 100 unit requirement. Then bits of information gets revealed part by part of this whole story. And that is where this whole X-Men Vs. Avengers MOVIE came about... lol

Man, I should build up my group buy reputation. Everyone was a newbie at some point right.... lol

Lots of money at stake, for what is so far: vaporware....  No physical samples shown yet that I have seen.

So this is a completely legitimate response, and an easy way to prove yourselves in the matter.

My .02c

A LOT is being asked on "faith".

Well I can tell you I was a little surprised to find out that the group buys hosted by some people were no favor to the community.  It all makes sense now why I was told directly from a manufacturer on a different group buy what the group buy price was and it was QUITE A BIT less than the advertised group buy price here on this forum.  I still have all the documentation of my interactions to back up what I am saying.  I am just a little slow to connect the dots on what it all meant at the time.  Hindsight is 20/20 I guess.

When I informed the "coordinator" of the group buy about the discrepancy in the price at the manufacturer and the price he was offering the group buy I was told he would look into it.  I confirmed the price with the manufacturer so it was no mistake.  A short while later the price was changed on the forum group buy.  Maybe out of fear that I would pass the info around.  I don't know his reasoning exactly.  Still the changed price was above the price stated by the manufacturer, but close enough that I didn't say anything.  That was probably my mistake as I assumed the best of people trying to "help the community".  

If you want to make a few bucks by coordinating group buys, then great, be up front and state that you are going to be compensated and how much.  I can tell you the markup was substantial between the price the manufacturer was charging vs the group buy price, so someone has been making money at the communities expense.  It never crossed my mind that people would coordinate a group buy for personal profit, but that clearly seems to be the motive here and with previous group buys.  This iBelink mess is making it perfectly clear now to me the motives of some of the people involved.  

If you see something posted as a group buy then you may want to do your own due diligence and find out what the real price is to make sure you are getting the best deal possible.  Ask up front what compensation or vested interest the person who is coordinating the group buy has in the transaction.  If they are doing it as a service to the community then great.  That is how I did it with Innosilicon and the A4's.  

So I would just say going forward that any prices you get quoted for "group buys" you get the info from the manufacturer on the price and terms.  It is becoming quite clear that the "community service" offered by some members here is not a community service, but self service for profit.  

If this had been stated up front then it likely would not be nearly as big an issue.  But the fact that this is not the first group buy rodeo that has been run I feel it is important that people know and are aware that there is likely a markup getting paid to the coordinator and it could be substantial.  Some people are trying to state that everyone knew and it was no secret that they were being paid.  Ummmm, No, No we did not know... If this info was shared somewhere I clearly missed it and given the responses of some others they must have missed it too.

Now if you want some interesting reading go back and look at all the group buy posts done previously.  I think you will find them quite enlightening in this new context.  I know I just did some scanning back through some older posts and lets just say it is eye opening.

Be clear, be up front, and be honest.  That is how REAL trust is build, and KEPT.  This iBelink thing really just stinks at this point.  

Anybody with 1/2 a brain can see Bitwamn dancing around and around, avoiding signing a message but saying "we have the money"

lol he wouldnt have even got busted trying to rip off the community if they "had the money" they would have just done the deal

what a joke. but hey "just take their word for it"
inflated non-default trust rating,all i see is some greedy fuckers trying to use their "rep" here to rip off the community

i personally will NEVER deal with these 3 guys, but hey "they have the money and don't need us" anyways, right? :D

takes 2 seconds to sign a message, but they CANT, plain and simple, they are lying

I've been working with mindtrip for three years and exchanged a lot of money with him with out a worry in the world. I spoke with him two hours ago. He was on a plane to China to work out a huge deal for miners. I'm not sure what was or was not said up front, but I would bet my dog that Mindtrip presented the most accurate information possible at the time it was presented.

If the deal in China is in fact legitimate, he'll deliver what's been promised.

its not a question of it he will follow thru...

WHY LIE about the funds? i think its obvious by now they dont have them
WHY charge over 1000USD$ PER UNIT more than cost?   if thats a middleman fee, for WHAT? and WOW!
ANYONE can make a group buy for these, as KILO showed, so WHY hide off the bat, what are they hiding FROM
o wait, the ripoff is what they TRIED to hide from

i have no doubt as well they will deliver if i was getting 50,000$ for sending some emails i would deliver too! lmao

I can't argue the specifics of the $500k agreement nor have seen the contract. I can only speak to his character.

Also, it would not shock me if he raised enough money either.

I wonder how U.S. Customs and the IRS view individuals who operate as import/export merchants for profit without declaring themselves as such.

I wondered this as well and I also wondered how someone could escrow a GB this big and not be considered as such or at least investigated in regards to it. I do not have much knowledge in the area, it may be something really simple to setup and do and maybe that's why this GB is $6750? covering duties fees in the additional cost?

You verified a wallet with 13 BTC and looked at wallets with "X" bitcoin in them.   How about verifying all wallets?  I can easily pick a wallet from a search and say I have "X" bitcoin in it.

I don't know how 1 escrow can handle all these money, I would propose multi escrow and be involved all the best escrows of the forum.

And there is foggy situation there where I hope there will not be any big scam (if not the biggest scam in the forum)

wait and see mate, I am not here to scam anyone, And I am paying the manufacturer direct.

I have built up good rep over the years ( a long with mind and buck) and do not plan on tarnishing my name any time soon.

Exactly.

He needs to sign the message with the wallet(s) that contain the funds.... Why the #@# would you sign a message from a different wallet?

minerjones do you know how shady it seems when you are trying to prove you have enough funds, yet the signature address only contains .232BTC, and a total of 6.3BTC transacted?  How does that signature contain any merit that was originally asked for?   *¿do you see what people are elaborating on now?*

I have spoken with Buck and mindtrip about the situation. I had them verify some funds via signed wallets and have agreed to escrow if anyone is interested.

-I have verified at a minimum they hold $275k worth of Dash and BTC
-They have the funds to meet the minimum order of 100 easy with the other buyer
-I can escrow the remaining orders: pre-orders send coins to me and once they provide proof of purchase I release the funds etc..
-I obviously can not guarantee the manufacturer will meet any deadlines and will not screw the buyers - everyone knows how these go by now.

Proof this is me: https://bitcointalk.org/index.php?topic=996318.msg10822025#msg10822025 (1BLazedp2eGDrDM3NMbxkn7n4PCCk6WYVX)

Signing with staked addy from above thread



Blazed 5/3/2017 I am offering to escrow iBelink group buy Escrow Address: 1HbFAsENbUHQRYJxMYepoWPiCTdYKv6osd

G9WNyss6ThzTb32kfffr3J8ZYJLWHKfVgOZqcBVLgkpbiOpNK0Hm26/W4WRLWzi51QuUqUDYbeFwy5a8nOcKFC0=

thank you blazed

Blazed is a quality guy.  I have done business with him in the past.  I believe him.  Blazed in a Great Person for Escrow for that group.

Thanks for the kind words!

I am glad everyone was demanding proof etc... Smart move to verify this sorta stuff. Finally, the community has learned after so many BS scams.

I am glad you are involved.  I hope it turns out ok because there has been a ton of deceit and misrepresentation by the Group.

Just landed in Beijing. I'd like to thank blazed and miner Jones for validating our funds. I'll be posting videos and pictures during my meeting at the factory tomorrow.

Please find out if it is underclockable/overclockable via software. Would love to underclock to reduce heat/noise, since it sounds like a jet engine from the videos.

There was some kid who got in trouble with the IRS a few years ago because he did a groupbuy for some miners. Basically he had $0 annual income but during the year wired $100,000 from his bank account into the manufacteurs bank account.

I forgot his nickname but there was a scam accusation open against the individual.

Maybe this is why this group buy isn't accepting any bank transfers, only BTC/DASH, easy way to launder money and no trace for IRS =)

Good luck :) keep us posted

Good News Guys.

I spoke with my attorney friend today.  Here is the scoop.

Since Mindtrip and Buckrogers are RESELLING these units, anyone residing in the USA can seek to get FULL refunds for purchases if the manufacturer does not come through.

I also asked about the "Group Buy" scenario.  He stated that if they are in the USA and people are purchasing from that group then they can seek legal action against Buck and Mindtrip if they are not delivered.  Even though they are not a business entity they are acting as one and therefore fall under the same rules.  Similar to someone that is self employed.  Battawn is irrelevant since it is MindTrip and Buck that are signing the contract with iBelink.  

He states that once they collect money at a profit then they are responsible for the taxes as well and for the shipment of the miners to the customers.  

Essentially, Buckrogers and MindTrip are responsible and not iBeLink for any failure to deliver hardware.  If they cannot refund the money then their personal assets are at risk because they are not incorporated PRIOR to signing the contract with iBelink

That is awesome news since it removes the problem with having to deal with foreign governments and legal systems for anyone in the USA.

Buy up Boys

On the flip side - it could present other problems if iBelink doesn't deliver because the "buyers" contract is with Buck and MindTrip and could only seek damages from them and not iBelink.

I will be notifying the proper people in New York about the business venture of the parties involved tomorrow.  I am sure they will love to TAX and keep an eye on those 2 guys this year.

PARTICULARLY IN NEW YORK  ;)

You are the crypto Robinhood... lol. I can't buy any because they don't accept bank wire transfer and only BTC/DASH, i'm guessing for tax evasion purposes. lol

you butthurt losers, goodluck ever doing business on these forums

Your obviously pretty dumb and should fire your lawyer friend because your information is not correct. If you want to make any assumptions about anything you should base your theories on FACTS not shit that you make up in your head.

If I buy something from a business in the USA and that business has it on order from the manufacturer and they cannot ship me the product. It is that businesses responsibility to refund me my full amount. Is that not true?

@bittawm Just curious, how come your group buy don't accept bank wire transfer but Kilo's group buy was willing to accept bank wire transfer? I don't hold enough funds in crypto, but can bank wire easily.

i'm still raising fund to buy this miner.
any update about DM11G manufacturer?
pics or videos?


rgds,

No one is buying from a business in the US the only person organizing this group buy is not located in the US

Yes plenty see the real thread located here
https://bitcointalk.org/index.php?topic=1898909.40

xfer to an exchange then send to me.

we would just have to convert to crypto anyway

can anyone confirm that this miner is indeed real? i see many proof but somehow they seems fake or photoshopped or whatever, there is no real proof that the miner is ming at that speed and it's not something else? because i find it strange that they woudl sell such profitable miner, i would keep it for me

some people are miner
some are businessman
some are trader.

they make profit by manufacturing miner.

What a good a American.

what a troll right?

heh ..I'm sure they are legit with the tax guys..you'd be stupid not to be if you are that big into mining

well the group buy 1/2 of this bet is working it seems

the other 1/2 of the process...is will the units arrive on time...on spec...with no firmware issues etc etc etc and of course the timeline of 3 months is LONG

good luck..but you are only 1/2 way there assuming the group buy is operating correctly in all this

Let me see MindFuck:

1. Fly to China on a Business Visa, I am sure.

2. Buy $500,000 worth of equipment that gets shipped to the USA.

3.  Sells equipment purchased from said trip for a profit.

4.  Thinks that he is somehow not doing business and is not responsible or maybe doesn't need to pay taxes.

5. "Yes your honor, I should not be the one paying those customers back.  We did a Group Buy where I made a profit but it really doesn't classify as a business"

6.  It is posted everywhere on this forum including you stating that you are making a profit. 

I think you are the one that needs to find a new lawyer, I have no need for one.

Sorry I need to double post here and the main thread but they keep deleting my comments over there.

REALLY?


That is an interesting idea.  

Not sure why this is important (yet  ;)), but it was deleted for some reason.

https://i.imgur.com/EA1i6iu.jpg

I have been asked to take it easy and not be so mean by some friends of mine here on the forum.  Apparently someone from their team is making threats against the other guys.  

Out of respect for my friends I will tone it down a bit

you have just made kilo and his crew look like clowns

Probably to deny he was there, lol. This transparency thing is getting weirder and weirder, too much secrecy going on. I wish all the buyers best of luck in getting their hardware. Guess I'll stick with my baikal for now, luckily they accepted bank wire transfers. Coinbase.com takes too long to convert my money for any other group buys that only does crypto.

Folks,

Well, I'm not posting much nor often (in regards to all that "trust" things going on...), but I personally do have some knowledge of doing business in and with companies in China. I'm regularly (every or every second month) flying over to China and do have established some beneficial relations throughout the years. Even more important, I have an understanding of how business in China (and with Chinese) is actually done, and how it works. After reading all the different posting in connection with the iBelink DM11G, and the ongoing discussions of group buys, trust etc., please allow me to point out just some things (before you burn your fingers/money):

1. Chineses mentality is totally different when it comes to admitting that something is "not going as planned". They won't admit, because for them it means losing their face. Instead they have ten million excuses and stories why things are not working as planned. You should now how to deal with such situations.

2. To close a deal, many Chinese tend to agree to things which they know upfront they can't fulfill. And then you quickly reach point 1.

3. Shipping from China via DHL is usually very cheap (if you know how). I have done many shipments by DHL from China (mostly Shenzhen region) to Europe for around USD 4.00/kg. I don't know the prices to the US at the moment, but something like 500-750 USD for a miner to the USA sounds way too expensive...

4. I wouldn't trust any (fairly) "new" office in Beijing nor anywhere else in China. Btw. I assume the production factory is in the Shenzhen area (usually these kind of things are all manufactured in the Shenzhen area)?

5. It happened to me, that I have been shown a factory and production facility of a Chinese company that later turned out had nothing to the with the company claiming to be theirs. I learned that this is very common and done just to secure a deal! How does it work? A few hundred dollars into the factories directors pocket and he will allow any company claiming it is their own factory. Don't trust them so easily!

6. You will only pay 50% upfront to a Chinese company if you are either a gambler or a dumbass that want's to learn some expensive lessons (sorry for the harsh words, but I have seen this happen too many times to put it more nicely). There are other solutions that will put you on the safe side!

There are many, many more points that I could bore you guys with, but although I'm not questioning the product or its existence in any way, I would strongly advise against entering any contract with said company in connection with a 50% deposit payment. You are guaranteed to be getting some surprises...

What I would adviseis, that you do a proper due diligence. Of course you have tried to do that like anyone in the US would do it, but that doesn't work for China. Why? They have a totally different mentality, totally different legal system, totally different everything!

Once again, I don't want to blame anyone, nor deny the product itself nor iBelink as a company, but they way you are trying to do business with them is hardly going to be successful.

Just my 2cents
Andy

ya man, i think most realize that, but the people who run the group buy will make their $$$ either way, 100% of the risk is on these buyers, the " private group" have only PROVED with signed message holding MAYBE 10,000$ in funds, the community is taking ALL the risk here :/
having others back them up with nothing but words sketches me even more, how deep this is plot? :(

i wont be touching this, Phil/kilo cant save us the risk and 1200USD per machine, meh why bother?  just those who havent seen this b4 and think their buying a unicorn i guess :/

How many guys do you KNOW in this "group" lol shady much? that there is such a group that is going aroung trolling people?  You mentioned "ALL" of them? lol you just admitteed there IS a such terror grouip amonst us :) and you  know "SOME" of them. This account is sold or compromised looking at its post history from January to April to now, I would not take ANYTHING they say, and yes "THEY" to heart as it is obvious it is a sock puppet account.

There are lots of red flags popping up everywhere about this whole deal.

To comment;  nice to put a photo to the faces.

still; even now; I see no further evidence of an actual product.... (look at how pandaminer started out then acted;  at least they responded kindly and promptly for more info/specs/photos/videos/etc...)


Seeing posts hit the moderated thread then be deleted;  when its a very reasonable statement or request.... is absurd.
Why are you guys hiding honest opinions and comments? 
Why did the price of this group buy fluctuate by ~15% in the course of less than a week?


You are making profit for your efforts on these miners;  you must accept the legal requirements of doing so.  There are rules about doing business in the US, and there are also rules about import/export as well; which are clearly being avoided.  Anyone can see that.


I myself wouldn't touch this deal with a 50 foot pole.  No way in hell.


If people were open, up front, and moreover courteous about dealing with the issues stemming from the behaviors they are exhibiting; Things would be a LOT different; and we would have a LOT more knowledge about what the real deal actually is.  Instead people make things worse by trying to "save face" instead of just produce and wait for a response.

You can't blame someone for wanting transparency; instead of being forced to blindly trust some historically inconsistent and shady practices.

In many ways this is brilliant.  It is like a real estate flipper using other peoples money to get leverage to make a deal that is way over your head.  You assume little to no risk, use other peoples money, and if the deal goes bad you shrug and go onto the next deal. 

From what we are able to gather that appears to be what is going on here.  Sadly they will push forward no matter what because they don't have a lot if any skin in the game.  They are using OPM(other peoples money) to make it happen.  They know if the deal works they stand to make a lot of money regardless if the 11g is worth a plug nickel.   If the 11g turns out to be OK and it actually ships they stand to make even more.  So they don't have any reason to throw caution to the wind.  I would venture that actual money out of their pocket percentage wise is a very small fraction of this deal...  If they have any money in it at all. 

They are likely relying on angel investors and of course this community to make the deal happen and they laugh all the way to the bank. "It's just business" they will say.  It would have just been business if you had left the community out of it and bought the miners and then offered to sell them straight up.  When you start looking on the forum like a vulture looks at road kill then there is something wrong... 

Reputations have already been tarnished. 

100% agree

I just hope history does not repeat itself and people end up losing their coins

A world with bitcoin sure is fascinating, just wish it didn't manifest so much greed in people

Interesting the 11G is up, down, up, down, back up again.  Not sure why they are not leaving it running.  Seems pretty odd.  Another odd thing is in the other moderated thread all of the pictures of 'people' have been removed from the thread.  I wonder why they would do that???  Maybe this thread is hitting pretty close to home. 

I am a new man, but I know something

But no one cares


I'm from China.

Once again they stopped and restarted the 11g.  That does not make sense.  Something is not adding up here.

Please do share if you happen to be familiar with this situation.  I am sure if it is related to the iBelink people will want to know.   ;D

Just put your brain to think !
Which company will sell you a miner for $6750 when if they run it for themselves will make a profit of $10000 / month.
Same story with the scrypt some years ago....
My advice: never preorder in crypto !

I think it has stability issues to be honest. It has not been up for a prolonged length of time. From the pictures I actually think it is 28 x 384mh/s miners split between 4 large cards. I think manufacturing has allowed them to condense the 384 unit allowing them to fit more in a chassis. Being able to do this as a prototype is a lot different to being able to manufacture 1000's of them. Especially at the $6750 price point. The next 6 months will be interesting none the less.

Despite I fully agree with you on this statement: "My advice: never preorder in crypto ! ". Indeed, never do it!

But - there many reasons to sell miners even if them can make a huge profit. Bitmain does not do it - because they have all infrastructure to deploy any miners. But some ASIC manufacturers do not have facilities to put their own miners.

So for them selling is only solution

Does iBelink manufacture their good or rebrand it?

From a business point of view it does not make sense to sell a product that is 28 x more powerful than your last product and 9 times the power of your competitors latest release (4 x cubes joined). If it is a money making exercise then you might offer a 2.4GH/s, then release a 4.8GH/s then a 7.6gh/s then a 10.8gh/s. Sell 500 units of each at $5000 and you have made 10 million dollars. Or jump straight to 10.8GH/S, sell 500 and drive up network hashrate 2x or 3x the current global hash rate in one release where your product becomes ordinary really quickly and only make 2.5mill.

If they have no control over the manufacture of the product then their supplier has said this is whats available and are working with it, but even the supplier should see from a business point of view the 1st example is much more profitable.

it is also possible they have only built a prototype, need investors to try to get manufacturing funding and went as high as they can to try to prevent competitors from developing a product in the time they hope to get manufacturing right.

That would mean theres 5376 chips in a chassis, quite a feat, and to build those boards would cost more then 6750. They ve said ever since they released the 384 unit that they have been working on a new chip. The new chip must be getting about 168mhs a chip, while the previous only 2mhz. Original baikals minis were 37mhs a chip, pinideas chips were less efficient then baikals, so common sense would say manufacturers are only going to use more efficient and powerful chips for future models. The fact that ibelink havent produced anything to compete with baikal and pinidea lately would probably mean they wont release anything until they know they can blow away the competition. The technology is out there for better asic chips for x11, noone has bothered using them less maybe because of cost and the disruption it would cause to network hashrate. Imagine what a 16nm x11 asic chip would do.  
 "We have already started the iBeLink™ next generation X11 ASIC chip development. This ASIC will be a fully customized deep sub-micron chip. The efficiency of the chip will be superior to any competitor’s offerings. This advanced ASIC chip (silicon) will be available this year."

I'm not sure that your analysis works with Chinese companies. If they can get money right now - they will do it, before their manufacturing facility will be caught of safety issues, poor treatment of workers, illegal usage of IPs etc

Fast make + fast sell = mega profit (can buy condo on Maui)

I agree they need investors to try to get manufacturing funding and went as high as they can with the hashrate, to try to prevent competitors from developing a product in the time they hope to get manufacturing right. They havent produced a product in so long, and their previous product is so obsolete. Who wants to pay for anything new off a company thats so out of date, and slow to react to the markets demand? Even if they brought out like a 2.4ghs machine, it wouldnt be enough because theyd have to either use they existing expensive chassis or redesign a new compact miner (Like a Giant) which isnt easy for them as they have never used this design before. How much space a miner takes isnt just important for for shipping and stock control but farms would prefer miners that are smaller too due to their space limitations. They have to try and fit the power of 8-12 giants in the same space of one ibelink chassis to make it worthwhile for everyone involved. For a company that hasnt really made any money since the 384 they will need funding to build these new boards. They could build one after the other and mine as they build but this takes too long and the returns will be diminishing as the hashrate climbs not just on their miners but baikals miners coming out, especially within the next few weeks. By the time they produce 3000 machines this way without pre orders the network hash rate will be a triple and their product will have to be sold cheaper and by then the competition will have their new miners to compete with the dm11g.

Bitmain is a prime example, a chinese company thats building miners like toasters and is selling them, but why not mine it all for themselves? Because its more lucrative to do both. God help us if they produce a x11 miner. They prob wont because dash hasnt got the trading volume of something like btc. If ibelink mine on even 1/4 of what their first batch will apparently do then thats a lot of dash coins a day sold on market  to make instant cash, dash trading volume isnt high enough to probably absorb such selling, without probably decreasing the price, and even if they hold the mined coin theres no guarantee theyd be able to sell it in the future for as much or more. Dash is still a late bloomer and its price is still prone to volatility. No Company wants to fully crash the market they're in business with. By only selling the dm11g to major players at least they know that those people are more likely sophisticated investors who wont sell in a panic or in a way that will ruin the price, unlike say like a amateur home trader/miner would do. Thats why its going to be so difficult for any average person to get their hands on this equipment, because in the wrong hands it could destroy the marketplace in enough numbers, and the resellers that do sell it are only going to sell the machine with a huge markup because its the best thing going and blows away the competition. Anyone taking the risk of pre ordering this machine is doing so at a huge discount on what resellers will charge, and even once ibelink sell them to everyday consumers they will pay more for it and cop the difficulty increases that will follow (mainly from further batches and new megaminers the competition might dish out later). Every week will be crucial in ROI and only the first batch owners will make a killing, and even if they dont, they could sell the miner for a premium to the customers waiting to buy the 2nd batch, which could be another few months, if that even gets sold to the general public.