Hello, My name is Allen an I am the founder of B.A,M. Mining, as well as the owner of a growing BBB accredited MSP in north east Wisconsin. I would be more than happy to answer emails, or even have a phone conversation or 2 if need be. But I will not give out my number here, so if you want that, please request via my email: info@bammine.comPlease note that: There is currently a IPO share incentive in place. We will match 50% of your purchase up to 500 shares. This ends Tuesday March 18th at 11:59 pm CST Our first dividend payment will be paid the morning of Wednesday, March 19th. https://cryptostocks.com/securities/114Hello Allen, I like north east Wisconsin. So whats your second name? You can trust us, so we can trust you. Otherwise, this will be broken communication and not working IPO. |
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What I dont understand is that they are claiming having 3 studios with miners, but not publishing any photos. Thats so suspect, everyone would send some photos of his operations, if he would have it. I mean 1600 Seedminers! Its like you are having a Mercedes or Ferrari and you are telling your friends about it, without having a photo with you.So its HIGHEST probability a Scamm (until i see the farm on a photo). Stay away!
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Introducing Scrypts Mining.
Scryptsmining.com is independently owned company offering key solutions for scrypt algorithm mining. We own few clusters of GridSeed Infinity Dualminers hashing at 500-530 MH/S (1600 Pcs) on SCRYPT algo. We mine scrypt based currencies, such as litecoin, doge coin, earthcoin, feathercoin.
Business model is easy and straightforward.
Each share equals to 50 KH/S of mining power on our SCRYPT mining rigs.
Our miners are setup to mine most profitable currency. We convert income into bitcoins, which are distributed among shareholders on a weekly basis.
We are offering to buy a part of mining power in shares.
Each share represents 50 Kh/s hashrate. (SCRYPT algo)
20 Shares represents 1 Mh/s of mining power.
All the income will be spend towards purchasing more SCRYPT ASICS of the latest generation. Additional shares will be issued when we increase the number of working ASICS in our datacenters.
Income distribution scheme:
92% is paid to shareholders every week on Tuesday.
8% is held to cover electricity and maintenance costs.
Dividends are paid weekly every Tuesday
Our average monthly profitability against LTC is 125%-135%
Our advantages:
Key solution for scrypt coin mining. No need to purchase hardware.
All hardware is already installed in our datacenters and currently hashing. Thats 1600 GreedSeed ASIC miners or 500-530 MH/S of SCRYPT hashing.
No need to buy, setup, maintain hardware. Our stuff does this for you.
Electricity costs in our datacenters are low, which helps us to charge flat maintenance fee of just 8%.
Instant hashing upon shares purchase.
We take care of setup, electricity, connectivity and maintenance of the hardware.
Earnings are paid weekly as dividends according to income distribution scheme
Comprehensive prices for mining power. Hardware was bought from manufacturer directly. We had a good discount while purchasing that much.
Project web site is scrytpsmining.com
Follow us on twitter @Scryptsio
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confirmed to be a IPO scam. oneFive has never heard of you or done business with you.
IPO SCAM STAY AWAY
they already scammed someone for 75 BTC on cryptostocks.com.
PhotonicMining, you are what's wrong with this world.
Let's play nice, now. It took all I had to make this a non self-moderated thread. Let's don't ruin it for the new players we're hoping to bring in. At the end the guy will tell us, he made with us a social experiment, to proof how easy it is to take money out of some noobs, with some dingi ding numbers, but keep the money for him.  |
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I would like to command an army of sellers in South America. That was always my dream  |
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so the compressed wif code represents the compressed private key, good to know.
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Move on to the next decent sha coin. Bitcoin i think will always be king, but there will be alot of up and comers that will be easier to mine. Who knows one of em might actually overtake bitcoin too
No. There cant be a technology found, let say in the next 30 years, which is better as the bitcoin sha256. Altcoins are all just variations of the same, what bitcoin represents. sha256 (proof of work) is the simpliest answear for the question of a decenralised transactionsystem. An ecosystem for an altcoin, can be immediately transfered for the bitcoin, so they cant beat the bitcoin. In a competative free system, that actually wins the evolution there is always alot of energy getting lost for nothing, so proof of stake, is not really 'the' answear for performers. And yes, since the beginn of mining, it was never profitable, it was for me a hobby i had to invest money in it. I have not had no friends which said, i will make money with my new hardware (what dont meant to be read, that i have no friends) i have in hands now. The only exception since middle 2011, when i started running hardware for mining in a tiny small stake, was November 2013 until February, because of KNC Preorder. Cointerra and Hashfast was a completely loss, because of the wrong moment of bitcoin rising. The only thing, why serious miners having alot of money is, because they never sell their bitcoins. They run it as a hobby (what takes alot of time and money) and of course then, they are not cashing up their precious coins. In short, buying a Miner a keep it running, first you are getting poorer but happier. |
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Still, this does not change the fact that Innosilicon does not have the rights to produce and distribute the A1 chips without bitmine's permission.
Doubtful. Innosilicon was the one who actually engineered the chip. Engineering contracted and paid for by bitmine. --- Your miner is not from us and it is not the same as JTminer. Basically, the JTminer with smaller size is much stable and can do overclock. Please ask the suggestion from who you bought it if you want to do overclock. We are not responsible for what is not from us. Thanks. Recent summary: Advantage and difference from other miner: https://bitcointalk.org/index.php?topic=470386.msg5571215#msg5571215https://bitcointalk.org/index.php?topic=470386.msg5580260#msg5580260https://bitcointalk.org/index.php?topic=470386.msg5580260#msg5580260--------------------------------------------- https://bitcointalk.org/index.php?topic=470386.msg5572959#msg5572959Bitmine and Innosilicon worked together to produce the chips, so both of them have rights to produce/resell the chips. for @QuestionTime : We reserve our right to take legal action for your libel!https://bitcointalk.org/index.php?topic=470386.msg5579060#msg5579060I´m a little bit confused.... how many representatives for the JingTian miner is on [Suspicious link removed]eeksilence, skyfromwell and JT miner)
Yes. Those are from my company. Alright, thanks for making that official  How about the pictures from the demonstration you held, will they be uploaded soon? I will let someone put more pictures here. I need to pick up my system now. LOL. I will try to do a good over clock then report to your guys. Im looking forward to the OC guide- Do you think a EVGA 1300W g2 is enough to overclock, or should we get something higher? http://www.newegg.com/Product/Product.aspx?Item=N82E16817438011Bob, it is not problem of the power. It is the problem with the system you got. LOL. Don't over-clock it. The one who sell to you using cheap components in the board, so over-clock is NOT going to work there. Please stop telling me what I do or dont have. These are not knockoffs- I have been running them OC for weeks now, and they also look identical to all the other units me and my assosiates purchased. Same design, PCBs chips, etc as the legitimate ones. Oh, and and the PCBs + parts numbers match up with the ones your selling directly. JT, it seems like a Chinese manufacturer has ripped off your designs and is selling them as their own. Wait.. where have I seen that before Libel? It sounds like you have a statement from Innosillicon contradicting bitmine's claims. Please do share. What is actually Innosilicon's current position on this matter is this, and I quote from their web : "Innosilicon Announce its 28nm Bitcoin Mining IP core in Production Innosilicon is proudly announcing that BitMine AG, a leading bitcoin mining system supplier, has licensed its ultra low power Hash IP Core for production at GF 28nm HPP process. This IP is designed from scratch using patent pending, customized VLSI computational Marco cells developed to squeeze the best possible power efficiency in 28nm. Its ultra high power efficiency and thermal reliability allows BitMine AG to pack just the right amount of innovative hash horse power inside a A1 CoinCraft ASIC. The availability of this 28nm hardened IP core instantly raised the bar in a crowded 28nm bitcoin mining ASIC field." This might mean, that : a) Bitmine.ch has patented (patent pending), their HPP proces (sublicenced from GF and forked), based on their Bitcoin Mining IP core b) Innosilicon has given permission to Bitmine.ch to use their ultra-low-power Hash IP core for 28 nm DIE for chips produced by Innosilicon for Bitmine, and probably given only to Bitmine and nobody else. c) Who did customized VLSI computational Marco cell (power train in 28 nm) - Synapse, Verisilicon, Innosilicon, Bitmine or GlobalFoundries is not known to me at this point. Also not known if this customized VLSI method is patented by someone. Even though somebody could obtain licence from Innosilicon for power layer, other layers are still not Innosilicon property, so without Bitmine's sublicence on final design, full tapeout of cloned chips is not [legally] possible. It has nothing to do with BRANDNAME - "COINCRAFT A1" as s BRAND, but with TOPOGRAPHIC DESIGN OF INTEGRATED CIRCUITS, which is SEPARATE LEVEL OF INTELECTUAL PROPERTY PROTECTION FROM BRAND(NAME) PROTECTION, patent pending according to Madrid Convention of the World Intelectual property organisation. Patents are accesible from WIPO portal, and they are many, and non of which are the property JingTian. If you check the news http://bitmine.ch/?page_id=863, you should know bitmine is just in co-operation with some Chinese company. They just bought the chip from the Chinese company and name it as "Coincraft A1" chip. The Chinese company can also sell the A1 chip. They can call it any name they want like "ABC A1" chip. So the question comes: Does the "Coincraft A1" chip means "A1" chip？I don't think so. This is something like Mcdonalds can make their hamburger and KFC can make their own too. We do NOT buy chips from bitmine and have no business with them. From that link: Designed from scratch, Bitmine’s Coincraft A1 is a third generation Bitcoin Mining IC developed by Bitmine in co-operation with a team of expert engineers from Innosilicon.
Doesn't say bitmine bought the chip from a Chinese company. I'm assuming that the R&D funds came from bitmine and it's customers and that Innosilicon was contracted by bitmine for R&D, ergo, bitmine retains IP rights of the A1 chip. Unless the use of the A1 chip in these Chinese 28nm miners has been authorised by bitmine, what we're seeing here is corporate theft and entities being in possession of or receiving these miners, liable for a criminal offence. and the major contributor to the know-how of the inner workings that led to its development. We are aware of things like the one happening here and we even made a press release news concerning this matter: http://bitmine.ch/?p=5178Whoever purchases these does that on its own risk and may be liable in its own country since we hold IP on that. Yes, that's China. Authorised distributors of bitmine tech: http://bitmine.ch/?page_id=5204 - unless the chips were sourced from one of these guys or bitmine themselves it's corporate theft. Bitmine have already made themselves quite clear on the issue and until they've made a statement retracting the previous statement it's much more likely the the statement was deleted/moderated rather than retracted. Furthermore, we have yet to hear anything from Innosilicon to suggest that they have obtained the rights from bitmine to produce these chips for sale. Certainly it's plausible Innosillion also have the rights to sell the chip, but it is also certainly plausible Innosilicon does not have the rights to sell the chip. In the absence of an official statement from Innosilicon contradicting the official statement from bitmine and the presence of the well known culture of rampant IP theft that goes on in China, on the balance of probabilities, it is much more likely the Chinese machines using 28nm A1 chips from Innosilicon are the product of stolen property and therefore illegal to receive and/or possess in most common law jurisdictions.Customers have the right to purchase goods that are 100% legitimately manufactured. I would not want to buy a car that has been assembled from stolen parts. Exacly thats the point. I have seen contracts which are giving to both parties (producer and developer) the same rights. Thats good for both, because the developer thinks, the producer will do alot of affort to go on a fast and good production level and the producer will do alot of affort, because he can sell the chips by himself. Also the developer of the chip can negotiate lower costs. Then all of this is contracted with licenses and exclusiv licensing of territories. The most probably situation is (speculation) that innosilicon and all distributers of the chips in machines is forbidden to export the good to Europe and USA (exclusiv licenses) but not in Asia. So if you buy a Miner a keep it running in Europe/USA than it could be illigal (speculation). I guess, we will see high technology products from bitmine.ch as from Jin Tian. Both are doing excellent work. I see Bitmines, Innosilicon is very good on ASIC design, Jin Tian very much more as just competitive on PCBs. Congratulation to both parties. When we dont see the contracts we cant know who is right, neither innosilicon nor bitminie. Certainly plausible, as what we see, is that innosilicon is in right (he thinks he is) and bitmine changed his cooperation partner, what make possible that they are angry, but maybe its because innosilicon technology level is limited. They want to work with Intel next, which is having a brand new Asics 14nm fab. Giorgiomassa, can you give us a copy of your contract with innosilicon, so we can review the point here? |
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did you already emailed to cryptostocks.com? normally they are going to take off this scam attempt as they did another scrypt hashing asics company scam. |
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First I was thinking they are really not making Pre-orders. But then now. Its a Pre-Order. No pictures of real miners nor immediately shipping from stock. Wow, another PR Earthquake Godzilla thing. Sorry guys, good luck for the customers. Exciting bet!
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The price of BTC always oriented in the past on the price to mine it. Because there were more miners, so they did not sell BTC with a loss. You can read that at the charts from 2011 and 2012. That fair price would be for end of june about $200 and end of december $400 (ask me per pm for my detailed calcs with a speculative factor of the difficulty, if you you want to share your calcs)
If you count buying new hardware for marketprice and getting a breakeven after one year (cyclus of hardware development; moores law etc) than i calculate about $650 rising every month about $50 in media over one year.
Nowadays there are alot more speculaters, which are driving the price up and down. And that what we see now.
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The non existance inflation in the bitcoin is a problem, which was solved with the dogecoin. Inflation is necessary, so people spend the bitcoins in investing and not keeping it without use. Giving interest to the people, when they deside to borrow it, so other can invest and not keeping it under the pillow again. I guess the transactions will be made with Altcoins - anyway, because they are faster...
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