Hello,

I just want to confirm that orders are now going out.

alabamaslamma, please check your email. I sent you a reply earlier today.

I assure you that units have gone out and are in some customers hands. The rest of the orders are being fulfilled. I will send you more detailed information through email about your order.

Yes, I was out of the office before as you mentioned but shipments were still going out during that time.

The ROI Agreement will be honored as well.

We have seen the IBM patent, and we have also seen all the threads, and conceptual CAD 3D views that Bicknellski posted. They have been referenced in our patent application as prior art.

I would like to say something to clear up a topic that keeps coming up more and more that I feel is both intriguing and hugely offensive:
Other people have pointed out on this forum and through private messages to me that it should simply be expected that a cloned version of any product showing up from China is inevitable. I feel that this is an insulting and unfair stereotype. Many people have the misconception that there are slack laws in China and that it is some wild west like place. I am not trying to generalize China at all but I would be naive if I said that products do not get counterfeited all the time there. Contrary to many peoples' belief China does have courts and they are actually quite strict. When you hear stories about people being scammed, bamboozled, taken to the bank, or their product copied in China, it is usually because they were simply being lazy or just down right ignorant. When someone from outside of China has a solid contract with a legitimate company inside China and that Chinese company breaks the contract or worse the law, well that Chinese company is just as accountable for their actions as the company outside of China. It goes both ways and I do not think it is so one sided. 

Not trying to get off the subject much but I just feel like it is ridiculous to keep hearing people say "Ooh...weell...you know Its China and they steal whatever they want. What did you expect...it is China!" I know many amazingly talented people who are either from or have moved to China and none of them strike me as being part of the image that many people paint of China. In fact I have experienced some of them to have much higher ethical standards than a lot of westerners. I will even admit that when the A1 Coincraft fiasco started to occur this past February; nTek Computers invested A LOT of money into purchase a large amount of A1 chips from the first production batch. Ouch! I was very upset when all the A1 clone miners started to pop up from China for half the cost of what we were selling ours for here in the United States. It nearly destroyed our company to be honest and we are still recovering from the huge loss we took! You know what though? Those clones could have been produced anywhere else in the world with the same result so it was never a problem isolated to China. I just feel that stereotyping a whole nation of people is wrong. Each person chooses themselves to do right or wrong.

Each time an accusation of someone copying someone else's design comes up, each case is different. The fact is though that it can happen just as easily in America, the UK, Japan, Germany, Australia, etc...Does it happen more in China due to the structure of their legal system? I am not sure as I am not a lawyer either (phhheeewww). Maybe it simply happens more in China because it is the epicenter of manufacturing for the entire world. Still I am not sure and I am not trying to start a debate over this. That would be off topic for this thread but as this open source project now has come under scrutiny of using someone else's design without the right to do so; I am very interested to hear other people's opinions who also have had directly experience with this topic. Please do not blast off ridiculous claims unless you have actually real meaty facts to back them up. We do not need to add more fuel to the fire that is already burning under China when it comes to this subject.

I will follow up on the responses here as soon as I can. Right now I need to wait until I hear back from our patent law firm or I might shoot myself in the foot. I am pretty sure they will advice me to not discuss the details of our design here on the forum. I can just say that our design has evolved since the last versions we have showed publicly. Even in the original Provisional Patent application though there are many features to our design that are not being discussed here, not in the IBM patent, and not in the AM/FC design. That is all I can say right now.

Directly to FriedCat if you are out there listening, I think this project is insanely cool. Maybe I should have started with that instead of just kicking the front door in. My apologies ahead of time. Would love to hear a response from you or just get a confirmation if you still plan on using this design. I am sure everyone else would as well.

That just gave me an idea, maybe nTek Computers could somehow contribute to this project in exchange for Asicminer chips to test with on our new hardware heatsink, enclosure and special cooling design. Your all going to really love the next design! You will have to wait until it is released and in people's hands this time. Okay....Maybe we will show a sneak peak in the near future! ;-)

Keep on Hashing On!

Ry

Have you released the design files of the heatsink/structures already? Please check the email you have listed here as the projects primary contact. We have sent an email to jason@bitquan.com kindly asking that we discuss this matter ASAP!

It is really not fair that you say here, "3) We offer Bitcoin rewards to contributors who submit significant improvements or new designs." yet you have used the design we have worked very hard on. You are not rewarding developers here, but rather you are taking advantage of other developers. 

This design is copying our design shown here: http://ntekcomputers.com/blogs/news/12885165-some-sneak-peak-photos-of-our-unique-miner-case-design-patent-pending

FriedCat, you have copied our design and made it open source??!???!!! This violates the open source licenses. Please stop offering sell miners with heatsinks designed like this immediately. We spent many months working on this design and testing it and then spent a lot more time and money to produce a lot of these heatsinks for our miners. You have pretty much copied all aspects of our design and it is really not cool of you FriedCat!

We have also filed a Provisional Patent on this design well before you have shown it in the public realm.

Nice looking miner, but the heatsink and modular design is not yours! It belongs to nTek Computers, Inc.

We did original hard work to prove that this special heatsink design is much more efficient at dissipating heat away from ASIC chips then regular heatsinks used on all the other miners on the market. It took a lot of expensive CNC prototyping and testing to prove this design with our team.

You could have just asked us! We may have been open to working with you and licensing out the patent for the design. The design (our design) was posted all over Bitcointalk.org on the first page of the mining hardware section for months so you must have seen it! Why didn't you just talk to us first?

Hello,

Sorry, closing this thread.

Decided not to sell A1 chips because everyone was trying to offer too low of prices. Better for us to use the A1 chips in our miners.

Thanks!

As a quick update...Everything is still going according to plan. We will have the first batch of A1  (1.2Th/s or greater) nTek miners delivers and or online before the end of May. We will also fully honor the ROI agreement that was shared here openly.

We are nothing like BFL as we are offering ROI compensation to our customers well before they ever even asked us for this. We are nothing like KnC who tried to convert the hardware orders to cloud hashing only if you agreed to not getting the hardware in return. In fact we are still going to deliver all miners to the small batch of first customers and in addition give the ROI compensation detailed on our Blog and this forum. We are delivering both so for anyone to say we are like BFL, KnC, HashFast is not accurate. I understand we must prove this so we will soon be doing just that.

I can see already some new Scrypt miner companies sprouting up and using this same model of offering ROI compensation if they have any delays of delivering. This is great to see that taking a big step like this has helped others in the community see that the digital currency hardware industry does not need to be the way it has. The companies that will survive through all the stuff going on now with drop in BTC value and rise in difficulty will ONLY be the companies that innovate. Innovation will come through new ways of using digital currency and it not being just about money alone but rather what can people can do to improve other areas of life, science, health, the environment etc...

Our main goal is to prove to our small group of early customers and the rest of the community that mining hardware sales can be done differently. Once our first batch is out we will move towards in "IN STOCK" policy but still keep the ROI agreement for larger orders only when necessary. There will be no more pre-orders and I hope this sets a new precedence for the rest of the industry. We never intended for this to be anything like a pre-order. We went off of what Bitmine.ch told us in January that we could take their PCB design and have a working miner within a week from PCB builders in California.

Eventually we had to redesign the PCB completely but in the meantime it was not fair to our early customers who paid in January at the value of 1.2TH/s back then. $8500 was a fair price for 1.2TH/s in January but of course it is not now...This is why we offered the ROI compensation agreement because it makes that higher cost paid in January go down really low. Many of the early customers are in fact going to received more BTC then what they paid for the miners originally. For other customers who did not want to wait when we first offered the ROI agreement in March; they were given refunds.

Again sorry for not giving a public update recently but I just wanted to let everyone know that we are still working hard and nothing has changed or will change with the plan.

Feel free to post questions here so I can reply to the group all at once. Makes things easier...

Thank you for reading!

Ry

As a quick update...Everything is still going according to plan. We will have the first batch of A1  (1.2Th/s or greater) nTek miners delivers and or online before the end of May. We will also fully honor the ROI agreement that was shared here openly.

We are nothing like BFL as we are offering ROI compensation to our customers well before they ever even asked us for this. We are nothing like KnC who tried to convert the hardware orders to cloud hashing only if you agreed to not getting the hardware in return. In fact we are still going to deliver all miners to the small batch of first customers and in addition give the ROI compensation detailed on our Blog and this forum. We are delivering both so for anyone to say we are like BFL, KnC, HashFast is not accurate. I understand we must prove this so we will soon be doing just that.

I can see already some new Scrypt miner companies sprouting up and using this same model of offering ROI compensation if they have any delays of delivering. This is great to see that taking a big step like this has helped others in the community see that the digital currency hardware industry does not need to be the way it has. The companies that will survive through all the stuff going on now with drop in BTC value and rise in difficulty will ONLY be the companies that innovate. Innovation will come through new ways of using digital currency and it not being just about money alone but rather what can people can do to improve other areas of life, science, health, the environment etc...

Our main goal is to prove to our small group of early customers and the rest of the community that mining hardware sales can be done differently. Once our first batch is out we will move towards in "IN STOCK" policy but still keep the ROI agreement for larger orders only when necessary. There will be no more pre-orders and I hope this sets a new precedence for the rest of the industry. We never intended for this to be anything like a pre-order. We went off of what Bitmine.ch told us in January that we could take their PCB design and have a working miner within a week from PCB builders in California.

Eventually we had to redesign the PCB completely but in the meantime it was not fair to our early customers who paid in January at the value of 1.2TH/s back then. $8500 was a fair price for 1.2TH/s in January but of course it is not now...This is why we offered the ROI compensation agreement because it makes that higher cost paid in January go down really low. Many of the early customers are in fact going to received more BTC then what they paid for the miners originally. For other customers who did not want to wait when we first offered the ROI agreement in March; they were given refunds.

Again sorry for not giving a public update recently but I just wanted to let everyone know that we are still working hard and nothing has changed or will change with the plan.

Feel free to post questions here so I can reply to the group all at once. Makes things easier...

Thank you for reading!

Ry

Hello mdekerever,

Please excuse me for not responding with an update more recently. I just replied to your email right now...

We have been very busy working to make sure all logistics are handled right away. I was actually trying to send out an update to customers since last weekend and kept getting pulled away to help with one thing or another.

Update to follow below...

Ry

Anyone interested in purchasing some Coincraft A1 28nm chips? PM me if you are interested. Happy to use an escrow service.

Otherwise payment through BTC, Wire Transfer, or PayPal

Will FedEx them to you using our bulk shipping discount. *Shipping insurance included free of charge!

We have around 2,500 A1 chips right now and will be getting more, so please let me know if you need any. Price is negotiable and will consider all reasonable offers.

These chips are from the production batch that Bitmine.ch sent us at the end of January 2014:

Anyone interested in purchasing some Coincraft A1 28nm chips? PM me if you are interested. Happy to use an escrow service.

Payment through BTC, Wire Transfer, or PayPal

We have around 2,500 A1 chips right now and will be getting more so please let me know if you need any. Price is negotiable and will consider all reasonable offers.

These chips are from the production batch that Bitmine.ch sent us at the end of January 2014:

gallery2000, you already requested a refund to your credit card and according to our records it was issued. Orders: # 1032 and 1047  have been refunded. Please check with your credit card or bank and you should see that they were refunded.

I also wanted to add a link to our blog so everyone can see the actual hardware we have been designing, building, and testing and to prove that the nTek 1.2Th/s miner is close to completion:

http://ntekcomputers.com/blogs/news

Thank you for the comments on our rendering abilities. We did NOT hire any outside consultants to make the 3D renderings and the animation. Several of our team members are experts in 3D design technology so we thought we would put those skills to the test to show how the innovative nTek cooling system works and why it is so unique.

We also put a note on the animation stating that it is digitally rendered as a disclaimer. Sorry for the confusion, we should have made a note on the original forum post. Our design team appreciates your comments though! ;-)

We have been building the nTek miners now since January and have gone through multiple board iterations.

The expected Cost and Shipping Timeframes for delivery have now been updated on the product pages.

http://ntekcomputers.com/products/1ths-asic-bitcoin-miner-1000gh

http://ntekcomputers.com/collections/bitcoin-asic-miners/products/ntek-2-4th-s-28nm-asic-bitcoin-miner-3-200gh-s-in-turbo-mode

Please understand that these are conservative shipping timeframes. We are very close to having the 1.2Th/s miners ready to ship and the 2.4Th/s miners are two two of the same nTek 28nm ASIC modules. Same design and form 4U chassis form facter but with 80 A1 chips instead of 40.

We wanted to show what we are working on so we made the immediate announcement of the full (dual modules) 80 chip miner. Prices will of course be adjusted in the future as we streamline production and to also stay competitive with the market.

The current prices posted are based on the high quality of design and craftsmanship that has gone into our product. We are striving to set ourselves aside from others in the Bitcoin mining hardware industry. This is why we offer the following:

-Higher Quality Products
-Safe Credit Card Sales (protected with a 100% money back refund guarantee)
-Refunds to anyone who asks
-nTek ROI agreement (see our blog for details)
we are paying back the LMT (lost mining time) for our early customers from the first batch from the time their order was expected to the time it is delivered. BTC compensated based on difficulty rate per day and we are covering the electricity cost so each customer that did not take a refund is getting more BTC than previously expected.

We can also offer a partial (down payment) option of 40% paid at the time of order and the remaining 60% due when the units ship.

Please feel free to ask any questions or express any further concerns. nTek Computers appreciates your positive feedback.

Sincerely,

nTek Computers

Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.

Please PM me if you are interested in purchasing one of the 1.2Th/s or the 2.4Th/s miners. We do offer special pricing on units of four or more.

Lastly it is important to state that the Q3 delivery date is being conservative. The 2.4Th/s miner is based on the 1.2Th/s design and the only difference is additional power supplies and possibly liquid cooling on the top of each A1 chip. This means there is a good chance that we will be able to ship the 2.4Th/s miners much sooner.

Thanks Steve!

nTek's focus is still and will continue to be the miners sold to existing customers from the first batch. The 2.4Th/s nTek miners are made up of two modules in one case so we are not really designing a new product but rather just pushing the space and power capabilities of the design by adding more chips. We wanted to show how the modular design can adapt to the Bitcoin market. Twice as much mining power in one case takes up the same amount of space in a datacenter but with 2X or more hashing power.

We are getting the new PCB design back near the end of this week and as long as updated Hash Unit design checks out good in the bench tests, then we will be able to move to full production of the first batch immediately. While making these design changes has been tough with the extra time we feel it will be worth it in the end to have Hash Unit boards that are of better quality, can be pushed further to the peak limits of the A1 chips and will last a lot longer than other miners on the market now.

(SSJCOW) That is exactly what we are going for. Quality over "quick and cheap." Thank you for the support and words of encouragement.  ;-)

Immediate Press Release:
nTek Computers
April 22, 2014
www.ntekcomputers.com

nTek Computers is proud to announce the World's Most Advanced ASIC Bitcoin miner!

nTek 2.4Th/s 28nm ASIC Bitcoin Miner (3,200Gh/s in Turbo Mode)

nTek Computers Innovative Patent Pending ASIC Cooling Technology allows for greater hashing capabilities.

2,400 Gh/s of MINING POWER
Up to 3200Gh/s in Turbo Mode
Based on the Coincraft A1 28nm ASIC chip
 

1-Year Warranty

RMA support directly through nTek Computers

This is for one unit with forty 28nm ASIC chips. 80 A1 28nm ASIC chips per unit

Self contained system, Comes with Raspberry Pi and screen to see hashing rate. Everything you need to mine right out of the box!

Just input any Bitcoin pool info and mine any SHA-256 based Cryptocurrency!

Payment is either with Bitcoin, Bank Wire Transfer, or PayPal. Value based on current Bitcoin Value of Coinbase.com in USDA

Contact Us if you would like to purchase (four) or more units. We will provide you a special discount code to use during checkout!

nTek Computers specializes in advanced High Performance Computing (HPC) systems. We stand behind the systems we sell.

Contents:
2 modular nTek units of 1.2Th/s ASIC miner (1600Gh/s in Turbo mode)
2.4Th/s in a single standard form factor 4U server chassis
1 Raspberry Pi computer
1 Raspberry Pi screen
Dual 1000watt (2000watts) total Platinum 80-Plus rated enterprise class power supply unit (PSU)

Specification:
80 State of the art Coincraft A1 28nm ASIC chips
High Quality Bench Tested PCB
4U Rack mount compatible server chassis (rackmount rails extra)
Internal 2000 watt PSU's (draws about 1400-1920watts depending on hashing rate and overclocking configuration)
Latest energy efficient Power Supply and ASIC chips to give you the highest ROI
USB Port to connect to Raspberry Pi, PC or MAC. (Raspberry Pi only uses about $.02 in electricity each day)
Fitted with high performance fans to keep the processors cool.
Patent Pending thermal cooling system

Watch an animation of the unique Patent Pending nTek ASIC cooling system:
http://vimeo.com/92523576









Contact Us for special pricing! Limited Availability available on a first come first serve basis.

Will begin shipping on or before Q3 (July 1st) 2014.

*Please note that while we took the highest possible care in doing accurate and conservative simulations of the ASIC chips, the real performances of the final product could vary by a +/- 20% tolerance.

Copy of email sent to customers as an update on April 11, 2014



Hello,


A few people have asked for me to calculate out the amount of Bitcoin they will end up getting through the nTek ROI agreement for each day the miners are delayed.

Please use this simple spread sheet to calculate the ROI compensation for your two order dates:
https://docs.google.com/spreadsheet/ccc?key=0AqKRhsHRUZTodE4tSWctSWlya0huZ01iQmZlbmdtVlE&usp=sharing

Also I am calculating it for you here AS AN EXAMPLE of an order that was placed on January 30th, so you can see exactly how the calculations work. Please fee free to make a copy of the spreadsheet above from Google Drive and use it to track the BTC ROI for your exact order date.

Order # 1075: placed Jan 30, 5:04pm  8.36079989 Bitcoin from Jan 30 through April 11   (NOTE: if you want me to calculate out the ROI for you then please send me a request through email)

NOTE: Please See Google Doc above as the formatting of this chart is a bit strange when pasted in without highlighted cells.

1/30/2014   2621404453   0.23021546      MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   
1/31/2014   2621404453   0.23021546      14   
2/1/2014   2621404453   0.23021546         
2/2/2014   2621404453   0.23021546      Days   
2/3/2014   2621404453   0.23021546         
2/4/2014   2621404453   0.23021546      plus   
2/5/2014   3129573175   0.19283391         
2/6/2014   3129573175   0.19283391      3-days   
2/7/2014   3129573175   0.19283391         
2/8/2014   3129573175   0.19283391      S+H   
2/9/2014   3129573175   0.19283391         
2/10/2014   3129573175   0.19283391         
2/11/2014   3129573175   0.19283391         
2/12/2014   3129573175   0.19283391         
2/13/2014   3129573175   0.19283391      17 days total   
2/14/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/16/2014   3129573175   0.19283391   <-------------------------   MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   Start calculating on this day!
2/17/2014   3129573175   0.19283391         
2/18/2014   3129573175   0.19283391         
2/19/2014   3129573175   0.19283391         
2/20/2014   3129573175   0.19283391         
2/21/2014   3129573175   0.19283391         
2/22/2014   3129573175   0.19283391         
2/23/2014   3129573175   0.19283391         
2/24/2014   3129573175   0.19283391         
2/25/2014   3129573175   0.19283391         
2/26/2014   3129573175   0.19283391         
2/27/2014   3129573175   0.19283391         
2/28/2014   3129573175   0.19283391         
3/1/2014   3815723799   0.15815815         
3/2/2014   3815723799   0.15815815         
3/3/2014   3815723799   0.15815815         
3/4/2014   3815723799   0.15815815         
3/5/2014   3815723799   0.15815815         
3/6/2014   3815723799   0.15815815         
3/7/2014   3815723799   0.15815815         
3/8/2014   3815723799   0.15815815         
3/9/2014   3815723799   0.15815815         
3/10/2014   3815723799   0.15815815         
3/11/2014   3815723799   0.15815815         
3/12/2014   3815723799   0.15815815         
3/13/2014   4250217920   0.14198985         
3/14/2014   4250217920   0.14198985         
3/15/2014   4250217920   0.14198985         
3/16/2014   4250217920   0.14198985         
3/17/2014   4250217920   0.14198985         
3/18/2014   4250217920   0.14198985         
3/19/2014   4250217920   0.14198985         
3/20/2014   4250217920   0.14198985         
3/21/2014   4250217920   0.14198985         
3/22/2014   4250217920   0.14198985         
3/23/2014   4250217920   0.14198985         
3/24/2014   4250217920   0.14198985         
3/25/2014   4250217920   0.14198985         
3/26/2014   4250217920   0.14198985         
3/27/2014   4250217920   0.14198985         
3/28/2014   4250217920   0.14198985         
3/29/2014   4250217920   0.14198985         
3/30/2014   4250217920   0.14198985         
3/31/2014   4250217920   0.14198985         
4/1/2014   4250217920   0.14198985         
4/2/2014   4250217920   0.14198985         
4/3/2014   4250217920   0.14198985         
4/4/2014   4250217920   0.14198985         
4/5/2014   6119726089   0.09861353         
4/6/2014   6119726089   0.09861353         
4/7/2014   6119726089   0.09861353         
4/8/2014   6119726089   0.09861353         
4/9/2014   6119726089   0.09861353         
4/10/2014   6119726089   0.09861353         
4/11/2014   6119726089   0.09861353         
TOTAL:   8.36079989   BTC      


For each additional day we are late you will receive more BTC ROI based on the chart in the Google Doc above. I will keep updating this chart as soon as the difficulty on https://bitcoinwisdom.com/bitcoin/difficultychanges.

We are getting very close to having all the issues worked out with the PCB design as explained in my last email update. I can assure you we have an amazing team working to make sure the nTek PCB design we ship has the capabilities to go much
further than other Bitmine A1 Coincraft miners on the market. None of them have been able to figure out how to go past 1.2Th/s per 40 A1 chips. With our unique cooling system and expert firmware engineering team
we are confident that nTek will soon push the boundaries of Bitcoin mining to new levels.

Please let me know if you have any other questions. Please keep in mind that if I do not respond for a few days I will still get back to you ASAP. We are head deep in making sure we are moving forward as fast as possible so and I promise to do my best to respond in between doing my part on the team management.

Thank you for believing in us and we look forward to providing you with the best cutting edge technology for your crypto currency mining for a long time to come!

Best Regards,

Ry

There is nothing wrong with products made in China. In fact I will admit that some of the manufacturing factories in China especially for PCB's run a much tighter ship than PCB builders in the USA. We even tried to work with a PCB builder in California from the start but found ourselves having problems with them that caused mistakes and lost time.

As everyone knows iPhones and the rest of Apple's amazing products are all manufactured in China. Headstrong97 was not trying to make the "American made vs. China." I think we all know that is an old misnomer from the 90's when many adults in America made a big stink over only buying American made cars. We all know that German and Japanese cars last much longer than many of the cheaper GM and Ford cars for example.

I think what Headstrong97 was just saying is you can buy cheap products anywhere and you can buy quality products anywhere too. There are cheap TH/s miners coming out of China and I am sure there are good ones too made with better parts.

The only thing that really matters is the quality. It is not comparing apples to oranges to say a $3000 miners is the same as one made with much higher quality parts that cost $6500 or more.

You have to ask yourself if something cost one company several thousands more to build then how is that other company selling supposedly the same thing for so much less? Some people want to buy a product that is well made and using only the best components from known reputable parts distributors and others want a product that feels like they are buying an Apple Macbook. If you do not care if the miner will get extremely hot, be super loud, and most likely never get over 1.1TH/s then I am sure the cheap version will make you happy.

However if you want something that is much more likely to get to its peak hashing potential. Has some really talented software and hardware engineers behind it to provide support etc...

Also please stay tuned to what we will be able to offer once we get our first batch of nTek miners delivered. Because we took the time to really work out an amazing cooling system we are much more likely to be able to reach the peak potential of the A1 chips.

Copy of email sent to customers as an update on April 5, 2014

Hello,

First off please excuse me for not sending out an updated newsletter recently. We have been keeping very busy working to get the nTek miners ready as quickly as we can. I have been spending a lot of time doing my best to be as responsive as possible to any customers who directly contacted us with questions. However, I feel it is important to send out this group message to make sure anyone who has not been in contact will know the latest status.

We have really great news; this past week, through some colleagues in the supercomputing community we have been able to get the help of Troy Benjegerdes http://bitspjoule.org/troy/resume.html
Troy worked at Cray and IBM and was introduced to us as the best of the best at firmware related to processors. He even wrote the first Linux firmware for the PowerPC cpu from IBM. This last week while Troy was working with us we were able to find a design issue on the Hashing PCB. This means we can correct it still since the PCB's are in the process of production but luckily it was not too late to pause production at the factory just for a short time while Troy our team debug and then thoroughly test the optimization. The key part we learned from this is that we are confident that we will be able to push the A1 Coincraft ASICchips much further with more hashing power.

In combination with our unique patent pending heatsink and cooling design I am excited to see what the full production systems will be able to do!
All along the way since we started on this project we have strived to make sure we will ship a top quality product. We have had our fair share of delays but we are now very close to having our own 10-chip A1 ASIC hashing board design that after all this hard work and time will be well worth it. No one else on the market has a 10-chip A1 based design and even more importantly no one has spent the kind of time and effort required to properly cool the A1 chips.

Please see the attached photos showing the latest design of the Patent Pending nTek ASIC cooling heatsink assembly. In March we experimented with using 3M high quality thermal pad material but even that was not something we felt comfortable using to get the best performance. Instead we sent the heatsink assemblies across town to a metal plater for a high quality anodized finish. With this high quality aluminum and the anodized finish we experimented with several heating and cooling tests and found that having less barrier between the perfectly flat bottom of the PCB and the heatsink helps transfer the heat much better. The anodized finish is non-conductive as well which is very important to reduce EF interference or shorting with the board.

IMPORTANT: ROI Compensation Agreement:    LINK TO ROI AGREEMENT https://drive.google.com/file/d/0B6KRhsHRUZToRURDaTNJbXo1Qm8/edit?usp=sharing
Please see the attached ROI agreement. I understand better than anyone how difficult these delays have been with the rise in the mining difficulty and the strange things that have happened in the Bitcoin industry so far this year. I want to make one thing perfectly clear; nTek has not been mining either and we had planned on keeping just a few extra miners ourselves from this first batch. There has been some confusion because the ROI agreement states that we will compensate customers from an nTek mining cloud. That mining cloud does not exist yet and will only be built from the next batch of miners. We are not a gigantic mining hardware company like KnC or BFL's and we are not going to build a pool that would in any way compete with customers mining themselves. That would just simply not be possible because the size of the Bitcoin mining network is way to large.

We are striving to go above and beyond other mining hardware companies and that is why we are giving the attached agreement with a plan to compensate you for the lost Bitcoin from the time you expected to get your miner(s). In fact you will be getting more Bitcoin in the end because we are covering the electricity cost in the mining used for this compensation. Please carefully read the agreement and do not hesitate to ask any questions if any of the terms are unclear. We are open to taking suggestions on how to refine the final version that will be distributed to all customers.
In addition if you did purchase a miner originally and already received a refund we are making a one time offer right now to be fair and allow you to take advantage of the ROI agreement if you would like to re-purchase the miner(s) you got refunded for already. The re-purchase will have to be at the same price you originally paid because the compensation for the Bitcoin from LMT (lost mining time) will be a more than fair option when you do the math. Let me know if you would like me to send the calculation based on the original date of your order.

Response to TH/s Miners Flooding Market from China:
Many people have asked or mentioned in the forum about why our prices are higher than the TH/s miners coming out of China that are using questionable A1 chips. We happened to come across some very interesting information while working with a reputable PCB manufacturer in China who does a lot of work for large American electronics companies. The cheap Chinese miners that have recently flooded the market are using very low quality refurbished parts. They almost certainly are using DC/DC converter components that are not genuine and will burn out after not that long. This could even cause the difficulty rate that jumped so much recently to drop when those cheap miners start burning out. We learned about how these cheap DC converter components over in China are refurbished with bad IC (integrated circuitry) because some vendors over there tried to sell us the same kind of parts for 1/5 the cost of the genuine parts. We made the decision to only use genuine Linear Technologies parts http://www.linear.com/ while the same kind of part is sold in China for much less for a reason. Even some name brand Graphics Cards (GPU's) on the market have been known to have DC converter parts burn out very quickly and it is safe to say they are also cutting corners and playing a numbers game. Those big GPU companies are happy if they sell 50,000 GPU's and only 1,000 of them burn out.

Asking ourselves WWSJD (What would Steve Jobs do?) we know companies like Apple would only buy top quality genuine parts. As the founder of RevUp Render, Inc. and nTek Computers I would be extremely happy if someday we could have a long term reputation similar at all to Apple. This is why we are asking right now, what is the right thing to do and what will people remember several years from now when they look back at what BFL's, KnC and these other companies. My hope is that they remember that we are doing the right thing for our early customers and not excepting to deliver a sub par product just to save money right now.

If it means we have to do something that some people have said I am crazy to offer to the early customers but it allows you to see that we are in fact different; then I am happy to present this ROI agreement to you. I hope it sets a new standard in the mining hardware industry later on.
Lastly, I know it is not right to say the miners will begin shipping next week once again because I said that last time. I honestly did think our board design was completely ready. We have been fortunate to get someone with the kind of experience that Troy Benjegerdes has on our team. The fact that we caught the PCB layout design changes that will take a short amount of time to fix now but save much more time later on. Hashing power is time and the more we can squeeze out of each A1 chip later on by having the PCB layout perfect simply means that Troy will be able to optimize the firmware for the A1 chips and push it further.
 
I know you all want to just know the exact shipping date now. Please give us until next week to continue to flesh out the bench testing so Troy and the rest of the team can figure out the best design change to improve the power flow across the board. Since we are working with the top of the line PCB factory in China and not the same kind of place over there that the cheap TH/s miners are coming out of, we are already ready to continue production. Things will move very fast once we confirm the design and I promise to give an update early next week and through the week as we get closer.
 
This is a long email update, but I missed the recent ones so I am packing a lot of information into this message. I greatly appreciate your time to read through our progress and updates and I am happy to answer any questions or concerns you have.
Sincerely,

Ry
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nTek Computers

gallery2000, okay thank you for providing your two order numbers. I am sending you an email now.