I also bought two of them     First I was reluctant because it's price is $1k more than previous price of Panda B3 Pro, when it was selling a couple of months ago.

But  new price of Panda which they sold yesterdt was higher, and nearly the same as from GW.

Well, Bitcoin has stabilized at almost exactly $14/coin.  I'm tired of waiting for a jump, so I'm taking the loss and getting my cash back  (from someones' 2011 tweet)

 

So, waiting for the link of  "lengthy statement regarding bitmine with full explanation" 

Alternatevely please post this statement here.

The biggest problem for me is to take care of running miners. I am not retired yet, so has little time and passion for it.   Even high electricity (10cents compared to 3.3c) is not the major reason, but troubles with mainteinance ad with noise.

A5 quality is not good, and is suddenly burning,  that is why people who bought it started to find explanation, and shared that Bitmine link. 

Can you give a link to Innosilicon statement about Bitmine, please?

Anybody has an idea what will be the hash rate for the same mashine as S9, but with 12nm chips (instead of 16nm) ?  

------------------------------
Bitmain Urgent Order 100k 12nm Chips From TSMC In 2018

According to Digitimes, TSMC has received an urgent order from Bitmain for 100k 12nm HPC (high performance computing) chips at the beginning of 2018. 10k chips will be delivered every month in Q1 2018 and more in Q2.

HPC is a the key element for the development of advanced technology applications such as artificial intelligence, AR / VR and bitcoin mining equipment. Previous report indicates that order from Bitmain has overtaken Hisilicon in terms of 10nm chips in December 2017. Hisilicon is the provider of Kirin chips for Huawei, the largest mobile phone producer in China now.

In the teleconference held in Q3, TSMC said that the cryptocurrency ASIC has generated 350 million -400 million revenue for the Company. In contrast, revenue from AI chips is expected to be only 400 million USD for 2017 full year. The booming of cryptocurrency mining market has also drawn the attention of other wafer makers. Recently, Samsung Electronics signed a contract with Baikal, a bitcoin mining hardware manufacturer in Russia, to manufacture mining ASIC chips, which is scheduled for mass production in January 2018 in 14nm process.

According to the latest quarterly earnings of TSMC, the quarterly revenue of cryptocurrency mining businesses is around 375 million USD, accounting for 5.1% of the Group’s sales. However, as the price of cryptocurrencies continues to rise, the business segment is likely to grow rapidly. HPC demand from mining cryptocurrency is expected to boost TSMC revenue in 2018.
TSMC also expects Bitmain to be first batch of client for its 7nm process in 2018.

Bitmain also march on the AI market with its Sophon TPU BM1680. Although Cannan  and Ebang just released their latest miner at the end of 2017, both of them are not considered equal opponent of Bitmain.

Here is an ugly and nasty story of INNOSILICON.    

It happened a few years ago.  Innosilicon appeared to be a very bad partner for a BITMINE AG company who produced their miners, but went bankrupt due to Innosilicon unfair behaviour.  

BITMINE AG  paid 8M CHF to Innosilicon for development and production of chips that turned out to be a JUNK.

This story also points to the fact that Innosilicon produces chips of a poor quality.  This explains why their last A5 miner are so bad.  It starts burning, and Inno issued already a few software patches trying to fix the issue.


Open letter from the former BITMINE AG management

Innosilicon. The company that we engaged for the development of our A1 CoinCraft chip ended up in being BITMINE’s biggest failure. We engaged this company with a regular contract and entitled them to develop our 28nm ASIC based on our know-how and instructions, along with the full turnkey process of creating the mask, wafers and IC packaging. We had signed a contract that was expecting to guarantee us a one year exclusivity on the chip, however at a later stage we received proof that Innosilicon was plainly violating the contract from day zero and selling our own A1 chips to whoever inquired them directly. Once we pointed this out, they simply stopped answering our enquiries and disappeared, putting us in obvious panic because we had an extremely tight schedule and obligation to deliver the miners on time and they knew that perfectly. So, once they knew how attractive the market we were into was, they forced us into signing an amendment to the contract where we allowed them to sell the A1 chips to third parties. Additionally, they even forced us to write formal excuse letters for the “false” accusations under the threat that if we hadn’t signed them, they would just delay the supply of the A1 chips so long that they would be worthless.
Once the first production lot of chips, with a delay of nearly two months and a performance 50% worse than promised was delivered to us, the issue of “yield” popped up. Innosilicon repeatedly delivered us broken chips or “junk grade” ones as part of the purchased (and paid for) lots, forcing us to place ever bigger and bigger orders in order to fulfill our customers’ orders and eventually draining out most of the company’s money. Out of all the ordered chips, a huge part of them were simply not working and could only be thrown away in the garbage bin. Here you will see for yourself the pictures of the piles of tens of thousands of worthless junk grade chips still sealed in their original packages. When asked about clarifications, they claimed this was “normal production yield” but failed to provide any relevant document that could certify it. It is also worth mentioning that while we were struggling with thousands of junk chips, the A-grade ones could at all time be purchased in Hong Kong directly from their Chinese resellers, at some point even at lower prices than what we ourselves paid for.
At the end of this horrific experience, we had paid to Innosilicon in 2013 and 2014 a total of more than 8 million CHF but received only a small amount of usable A1 chips, causing us a huge financial loss. Therefore, we enquired two different lawyers in order to evaluate legal actions against them, but ended up with answers that more or less said that the chances of getting our rights respected from a Chinese court against a local Chinese company were close to zero. We only later found out this is a common practice from Chinese companies, regardless of the written agreements you make with them.

http://bitmine.ch/

You can read about the reasons for delays in deployment in below FAQ from December article :

https://medium.com/gigawatt/recently-asked-questions-and-points-of-clarification-6ad1838433ff

Everybody should stay away from Innosilicon, due to it's long bad reputation, and extremely POOR quality of the chips and miners.

Below is a proof of their earlier unfair & lier behaviour.  

Look at bitmine.ch stolen technology, insolvency of bitmine.ch years ago, due to scams from Innosilicon:

Innosilicon. The company that we engaged for the development of our A1 CoinCraft chip ended up in being BITMINE’s biggest failure. We engaged this company with a regular contract and entitled them to develop our 28nm ASIC based on our know-how and instructions, along with the full turnkey process of creating the mask, wafers and IC packaging. We had signed a contract that was expecting to guarantee us a one year exclusivity on the chip, however at a later stage we received proof that Innosilicon was plainly violating the contract from day zero and selling our own A1 chips to whoever inquired them directly. Once we pointed this out, they simply stopped answering our enquiries and disappeared, putting us in obvious panic because we had an extremely tight schedule and obligation to deliver the miners on time and they knew that perfectly. So, once they knew how attractive the market we were into was, they forced us into signing an amendment to the contract where we allowed them to sell the A1 chips to third parties. Additionally, they even forced us to write formal excuse letters for the “false” accusations under the threat that if we hadn’t signed them, they would just delay the supply of the A1 chips so long that they would be worthless.
Once the first production lot of chips, with a delay of nearly two months and a performance 50% worse than promised was delivered to us, the issue of “yield” popped up. Innosilicon repeatedly delivered us broken chips or “junk grade” ones as part of the purchased (and paid for) lots, forcing us to place ever bigger and bigger orders in order to fulfill our customers’ orders and eventually draining out most of the company’s money. Out of all the ordered chips, a huge part of them were simply not working and could only be thrown away in the garbage bin. Here you will see for yourself the pictures of the piles of tens of thousands of worthless junk grade chips still sealed in their original packages. When asked about clarifications, they claimed this was “normal production yield” but failed to provide any relevant document that could certify it. It is also worth mentioning that while we were struggling with thousands of junk chips, the A-grade ones could at all time be purchased in Hong Kong directly from their Chinese resellers, at some point even at lower prices than what we ourselves paid for.
At the end of this horrific experience, we had paid to Innosilicon in 2013 and 2014 a total of more than 8 million CHF but received only a small amount of usable A1 chips, causing us a huge financial loss. Therefore, we enquired two different lawyers in order to evaluate legal actions against them, but ended up with answers that more or less said that the chances of getting our rights respected from a Chinese court against a local Chinese company were close to zero. We only later found out this is a common practice from Chinese companies, regardless of the written agreements you make with them. (http://en.wikipedia.org/wiki/Intellectual_property_in_China)

http://bitmine.ch/

I am afraid your hopes are worthless.   Innosilicon is EXTREMELY BAD COMPANY.  Their miners are catching FIRE all over the world, and they are reluctant to compensate the burnt miners.

Nobody knows, you can send a question to their support, but it never replies.

Nevetheless HitBTC was useless, because wtt sold there were not real tokens, but futures (IOY).     

Hello guys, can you advise is it worth to mine on Dell laptop, with 4-Core Intel i7-7500U CPU @ 2.70GHz ?

What would be approximate daily earnings on pool mining?
 

NO, minergate seems to be a scam.  There are a lot of complains on the net on it's false statements about profitability which is a few times less in reality.

With some of the lowest electricity costs in the U.S., Chelan County is a prime location for cryptocurrency mining, in which expensive machines create new bitcoins by racing to solve complex mathematical computations — generating a lot of heat in the process. Electricity costs 2.7 cents per kWh in the county, while the national average is 10.4 cents. Thanks to the Columbia River and Lake Chelan, the PUD generates more hydroelectricity than what local homes and businesses need.

- another article about the area where GW is located:

https://finance.yahoo.com/news/farming-county-washington-bitcoin-mining-hub-173541394.html

They wrote that all tokens would be rented after all PODs finished.    I think this won't happen untill May.

Bitcointalk username: cuteman
Rank: Full Member
Current post count: 621
ETH address: 0x8eB46fBbA1C8D521569A5Fe26150b035BA5B34bA

Bitcoin mining epicenter found in rural Wenatchee, Washington

CNBC's goes behind the scenes at a bitcoin mining operation in the U.S.

https://www.cnbc.com/video/2018/01/11/bitcoin-mining-epicenter-found-in-rural-wenatchee-washington.html

  


12 companies mentioned in video mean that GW is competing horizontally too, so that explains PUD delays with connections.

Recent pictures from a person who visited building facilities:

https://imgur.com/a/QC98b

Indeed, I put two different backup pools...  But never used them.   Thanks for the hint!  

Can't  do so    My miners are sitting in two different hosting facilities, and they are not willing to change once connected pools.