No, hes saying that:
if you would like to keep Bitcoin mining decentralized, then you should not invest in mining companies.
He didn't say Asic's shouldn't exist. He's saying you shouldn't help towards their development if you want to keep mining decentralized. Some people don't want to keep mining decentralized, they value their own profits first.
He is implying that buying AM shares has any effect on how much PH they will deploy. If asic manufacturers exist mining will become more centralized. The only way you are adding to the centralization is by investing in the biggest asic manufacturer (AKA bitfury). Investing in companies competing with the largest company only decentralizes the network. |
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who cares about the reputations of bitmain, and knc they are the reason why diff is so high what they are doing with thier datorhalls is totally against the spirit of bitcoin. Their double dealing stinks I have no problem with sp tech badmouthing them.
Yes, because bitcoin mining was invented to give YOU a profit and totally has nothing to do with the security of the blockchain right? Every manufacturer I know of has their own farm (besides SP). It's time people stop pretending that mining is a game for the little guy. Am I to assume your including yourself as one of the "little guys" or are you the "little guys" spoke's person? Just curious. I'm a little guy and so are you. (Unless you've got a multimillion dollar operation going on) I've read the bitcoin whitepaper and I don't remember anything that says the point of bitcoin mining is so anyone with electricity can make a profit. |
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The design in the second image is may be turned into an open source hardware system called the nTek Modbox. Patent Pending parts will be labeled as such but we want to encourage the community to take the design to new levels on their own and see how the innovation grows. nTek wants to provide a platform for developers and hope it will impact the mining hardware industry in a positive way. This is more fun for us and everyone else and also keeps the creative juices flowing. Most of our team at nTek are designers and artists so that is what we enjoy doing...designing amazing products.
So you are trying to patent a bracket with holes in it? And then you want the "community to innovate" yet you slander AM for "copying" your design? Just quit the bullshit and make/sell miners for a reasonable price. Nobody gives a rats ass about "your" patent pending idea which was entirely copied. the nTek Modbox can also be used with GPU's to massively overclock them since it has liquid cooling. The photo you posted from our website is outdated simply because we are looking to keep this in beta mode for now until we can gauge the interest of the open source community. Liquid cooling has been developed for the nTek Modbox and many other design changes since we last showed photos of some of the prototypes in April. The design has changed a lot but we are too busy now to show photos or 3D computer designs of it all. Once the product is ready to ship then it will be posted to our web store that day and we are also talking to some resellers to setup channels through them.
OK let me get this straight, you "designed" an air cooling system to solve a problem which didn't exist, then made it convertible to liquid cooling to solve the same problem which doesn't exist? Have you actually liquid cooled anything before? Why would anyone want to take apart their liquid cooling system and assemble it in your fancy/expensive cubular design? Makes absolutely no sense. It's like you're trying reinvent the wheel as a square. Nice to finally be able to come out of stealth mode over here at nTek in Virginia and even talk about this. This is our plan now and it is our way of removing ourselves from the price wars going on right now between the giants of this industry. nTek Computers cannot compete with them to sell complete miners.
So what is the point of your business? You can't compete with large manufacturers and you have no target market (other than clueless noobs). Some Virginia Tech students are pretty excited about the Modbox and are coming by to see some of it in action in our office next week. We are going to ask them if they can post some photos or something online so I will give a link here if they do.
So this company is run by virginia tech students? Being run by kids with no experience would explain the incompetence although there are many kids with much more knowledge of the bitcoin mining scene than your company. Depending on the price of A1 chips and the market we can potentially sell 10-chip boards along with the kit. Our 10-chip board does hash but it simply got too uncompetitive on the market the nTek designed board using A1's since we paid the piper too much money for them back in January. Bitmine.ch is keeping their prices around $26/chip right now which is way too much considering the other prices on the market that are getting close to if not already below $1/GH/s
A1 chips are being sold for less than $15 per chip on the black market in China. This is the reason for "A1 Clones" for dirt cheap.
Classic example of how out of touch with the market your company is. Bitmine is a reseller. They did not design the a1 chip nor do they own it. Innosilicon owns/designed the chip and they sell it to various manufacturers. This is why a1 clones were being flogged from china months before bitmine could even get a single machine working. |
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who cares about the reputations of bitmain, and knc they are the reason why diff is so high what they are doing with thier datorhalls is totally against the spirit of bitcoin. Their double dealing stinks I have no problem with sp tech badmouthing them.
Yes, because bitcoin mining was invented to give YOU a profit and totally has nothing to do with the security of the blockchain right? Every manufacturer I know of has their own farm (besides SP). It's time people stop pretending that mining is a game for the little guy. |
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Thank you for the offer Xian01 but that is not a comparison of a miner that is equivalent in specs to what we are offering. The (40) A1 chips can be over clocked "Turbo mode". They are designed to go up to 1600GH/s.
When you say designed to go up to 1600GH, do you mean you have a working unit at 1.6TH or is this just hypothetical. If Antminer sells a miner that has the technical specifications to go all the way up to 1.6TH/s in one box then we will be happy to sell for $1 less than their offered price. I know this is a hard decision for people who are looking for the absolute best deal on the market....
No this is absolutely not a hard decision for anyone in the market. Hello Xian01, and what happens with your S3's when they have issues and need to RMA'ed? The question is not if BitMainTech will replace your Antminer that has a hardware issue but it is more about logistics.
When you have hardware failures from overclocking, good luck with losing a lot of mining time when you have to wait for your S3 to be shipped back to China, inspected, and then a replacement unit to be shipped back to you. To/From mainland China and the USA + RMA process can easily take 2 weeks.
Have you actually bought something from china and/or had an RMA? I've had several items shipped to the USA and arrive within 2 days. "Xian" as a handle really does make me think that you are a shill for Antminers in some way. Please stop taking our thread off topic. This thread was started by our customers and for customers only. We can start another thread that just focuses on our prices but it is off-topic for this thread. Hope you can understand and stop your shills here. Plenty of other much bigger competition to Antminer to shill than us. Heck, at this point we are much smaller than most resellers who do not even know how to check the voltages on an A1 chip to see if it is burnt out or not. The resellers can just ship more unstable "A1 clones" and or other dirt cheap Can't-miners though so what do they care.
You are an embarrassment. You think anyone calling you out on your massive failure/shit-talking makes them a shill? News flash: not everyone needs shills to promote their company. Bitmain does it just by having a good product at a good price. You should try it. Again, go build your own miners if you think it is so easy! Would love to see you try and report back on this forum so I can waste your time complaining about stuff that is out of your control. We do not make A1 chips nor set the market prices. We do not control the value of BTC or the difficulty. nTek Computers is a small business and we are happy with just having a small amount of customers that are loyal and that we can provide amazing support to. Good luck communicating to China buddy. Or wait you are most likely in China so you have no clue what you are talking about anyways. OFF TOPIC!!!
If xian was a shill for bitmain wouldn't his company already have built miners? Not sure why the prejudice against the Chinese. In my experience, communication with Chinese companies has far surpassed American ones. A1 chips have been available for more than 6 months. Why is it that every other company could build miners in 1-3 months but you took 6 (assuming you've even built one yourself yet) Feedback is much appreciated so we can refine our business to meet customers' needs.
My serious suggestion, call it quits and end this venture. Your company has demonstrated extreme incompetence that could even surpass BFL and HF. Your company is completely out of touch with the market and/or are just constantly lying. |
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Looks like Guy was right, bitfury did just build another 20MW datacenter. http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/It's a bit unclear whether it's already filled with hardware or not. Also noticed "Some 40 percent of all Bitcoins are mined using BitFury chips." and "BitFury has an impressive track record, having successfully delivered three prior generations of silicon and has a roadmap to at least double performance-per-watt every six months. " |
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trade for 3 750 Ti GPU's?  Which brand/model? |
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I find that the only reasonable competition to SP30 would be ANTMINER S3 -B5 and it is shipped on 7th August.
What about this beast?  This is exactly what a 3KW miner should look like. Spondoolies should take notes. |
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From all the ASIC companies, BitFury is the company I have most respect to. Good tech, usually very smart moves.
Sure bitfury has good tech but according to you it's "outdated" and failed 3 separate generations. Revealing some of the stuff going on behind the scene is bad ? I'm giving the customers more information, so they'll do an informed decision.
Pretending to know what is going on behind the scenes is bad. You are giving your customers nothing more than a false sense of security. You make it sound like bitfury is the only company deploying hardware in mass. Are you forgetting AM, Cointerra, 21e6, peernova, bitmain, avalon, knc, and a few other megamines which all have yet to be deployed? |
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Things happen in life that no-one can control and your whining and moaning, looking for someone to blame... does not endear you to me.
shit happens, get over it.
Ignoring the fact that someone (spondoolies-tech) actually has full control over the situation and significant amounts of bitching and moaning can lead to more reasonable compensation. I do hope compensation is not only for $/gh. At 0.15 $/kwh each machine will use an extra ~$1500 per year in electricity. And is there actually a reason compensation is being delayed to october? If I remember correct SPtech had enough private funding for each batch. Why will customer funds be held hostage? today remains a good day.
Did something extraordinary happen to counteract all the bad news from spondoolies? |
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The warranty works ? And can you export in France?  Not sure about the warranty, I'll have to ask btcgarden. I can ship anywhere as long as you pay for shipping. |
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Is it not more cost effective to purchase three S3 units ?
According to the S3 prices listed here: https://bitcointalk.org/index.php?topic=514758.0(3X) QTY. Bitmain S3 units will run you $1,873.5. Then you have to purchase power supplies and also you have shipping cost and time to wait for the units to be shipped from China. We are currently only selling units that we have in stock in the United States. Lost days for a week of time to ship from mainland China should also be accounted for. We are a registered company based in Alexandria, Virginia. Just across the potomac river from Washington, D.C. Come and visit us please! ;-) Figures your only source of finding the s3 prices is the a1 clone seller. Is that where you bought your units from? It boggles my mind how out of touch with the market you can be. I'm almost beginning to think this is some sort of elaborate scam. Bitmaintech.com has s3's listed for 0.66btc each and 750w server psus go for ~$10-20 each. 5 bitmain s3's (2200gh-2500gh):$1900 ntek a1 clone (1200gh): $1999+shipping? It's amusing you think anyone would pay shills to "troll" this thread. You have displayed overwhelming incompetence on your own and are not even attempting to compete with the market. |
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Now to move onto the next topic. What happened to the unique nTek Computers "Patent Pending" cooling system and case? There is a very simple explanation for that. When most of our customers started to get refunds we had no choice but to stop the current developments and move towards delivering miners that "simply meet the specs." Sadly there is no better explanation than that and nTek Computers has decided to stop any speculation or accusations of scams any further here and now! Yes, what is being shown in the last couple of pages of this thread are similar to the other A1 miners from China. Yes they were made in China. However, these miners were in fact produced using those original A1 chips purchased from Bitmine for a huge amount of $$$BTCBTCBTC$$$ back in January. Yeah, we got totally F'ed on that deal!!!
The simple fact is that the very last nTek Computers 1.2TH (1st batch) miner was sold in the beginning of March. We legally could not disclose the designs for the special nTek chassis and cooling system that is under "Patent Pending" status until after the application was issued to the USTPO. The last sale in March occurred before the provisional patent application was filed. The laws with patents clearly make any prior public disclosure forbidden until after the filing date. Hope that makes clear sense to everyone but feel free to ask any questions. In simple terms, we delivered what was purchased. We did not show the new nTek designed chassis and cooling system until later. It also turned out that the 40 A1 chips do not provide enough heat to require a more advanced cooling system. We are still working to test (80) or more A1 chips inside our single 4U standard sized case.
So basically what you're saying is that instead of developing/building your own miners, you spent all your time and money patenting an idea someone else had? An idea which was not even useful to your design? Are you sure you didn't drop the patent because you didn't own the idea? Also $1.66/gh?? That is about twice as expensive as bitmain and way less efficient. |
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even if you could assemble for free you would lose money on this - 850W PSU for $160? You can get 1000W+ for that price brand new
they need to reduce all those prices by 20% to actually liquidate anything while it still has value
It doesn't seem like they want to liquidate anything. Adding up the materials on that list would be about $650 per board (many parts unlisted). Shipping would probably be no less than $100 per board and another ~$150 for pcb/assembly. Overall more than $900 for 650gh at 1.2w/gh.. Do they not know S3s are less than $800? |
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Look who returns in a furry of posting after not being heard from since Dec 25th 2013. Did you get laid off from Hashfast so you are free to post again?
It's almost as if he has just awaken hibernation and doesn't realize nobody cares about the epic failures called HF and icedrill anymore. |
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Almost zero is still more than icedrill which has had no trades for months. If CT investors lost their shirts after producing 15PH then HF/Icedrill investors must have lost their shirts, pants, socks, hats, shoes, wallets, keys, etc. Are there some legal issues with Cointerra, a company in Texas, using a no-frills Polish website to conduct an IPO?
Picostocks runs a passthrough for a small amount of privately bought CT shares. CT did not have an IPO on picostocks. PS Point-of-fact for aero: CT hardware peformed at >20% spec deficit considering the combined 20% performance miss and 20% power spec fail. Our HF Sierras have been running at >100% spec, as you well know. Fact: nearly anyone who purchased CT hardware has ROI'd by now while everyone who purchased icedrill shares or hashfast hardware is still sitting with their dick in hand. It's funny that you still bash CT for being a 10% failure when hashfast/icedrill was a 100% failure. Just get over it. |
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I've been on an altcoin sabbatical. Missing the Darkcoin boat made me realize my focus had been too concentrated on Bitcoin, to the neglect of other disruptive innovations in cryptospace. So I went back to school, learning about cloud mining Monero and Cryptonite, and giving the other ostensibly anon coins (DRK/CLOAK/XC/BC/VERT) a thorough looking over.
Figures someone who supported the biggest failed asic manufacturer to date would turn to shitcoins. Fun fact, the "darkcoin boat" has been steadily sinking since june. Fun fact #2, the amount of shitcoins has quadrupled in the past few months, while the USD value of all shitcoins combined has gone down 75%. How is Cointerra doing financially? We are both investors; you through private placement and myself through IceDrill.
Is it likely a Cointerra creditor will file for Chapter 7? Maybe IceDrill will wind up owning both firms' IP and inventory!
Cointerra sold 10PH and are self-mining with ~5PH so I'd say they are doing fine. It's sad that the biggest hope for icedrill investonomers to salvage pennies on the dollar is by receiving outdated chips from an epicly failed bankrupt company. Labcoin was even a better investment than icedrill/hashfast. At least when they ran a scam, they didn't drag everyone along for months on end with false hope/bullshit. Icebreaker please just make a new account and pretend like you aren't a huge failure. |
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whereas... 21e6 - the private mine with silicon valley investors' backing - didnt take pre-orders.. they took investors. And surprise surprise, theyre a super secret private mine.
I heard 21's chip melted down when ran anywhere near spec, like LabCoin. Maybe it was designed by Cointerra? You have no right to bash cointerra as a hashfast/icedrill shill. |
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You should read again their last financial statement.
Last I checked they had 60PH which was completely paid for. They don't have that much money lying around and neither the facilities. We had gain access of cheap electricity and high power capacity. Also it doesn't make any sense to do it right now when they could've started 3 months ago.
However, we had not stopped our work on designing our own products and finding proper farms after our chips passed the tests.
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