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Still no news for this month?
Sorry super busy. There is a mining update included in our Q2 '14 Financial Statement. |
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Oh so your your just spreading FUD for the public good? There is no CE issues anymore and you know that. As they're shipping separate and external PSU's that are off the shelf plus already certified. Which will drastically help with any heat issues. So why an Earth would they now come out and say special extra colling is needed now. When they have just made them a lot cooler. Trollol  If you're that daft, I'll just drop out of this thread. The units, if they use electricity, have to be certified themselves. This has been an issue for many "first time ASIC miner manufacturers". HashFast and others ran into the same cockblock, it didn't matter if the PSU was external and certified. Without third party certification, the system will fall under scrutiny and import could be a problem for people. It was in one of the responses which has since been removed. This thread was halfway into page 77, and now it's dropped a page. Responses have been lost for some reason. Since it's no longer there, obviously there's no proof. I just recall re-reading the paragraph about 3x before posting up and asking folks if I'm mis-reading it. What motive would I have for spreading any fear, uncertainty or doubt? I don't have any monetary interest or hopeful gains of competitors' products for any mining gear at all right now. I've simply followed AT from day 1. Why then could KNC then go from receiving chips to shipping Jupiter's within a week. As they didn't build PSU's into their devices. With AlphaT shipping off shelf and already certified external PSU's separately they could quite well possibly do very similar if they know what they're doing. Are you really posting just out of charity for the good of the 'poor' and 'scammed' customers, really? |
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Their cooling lingo just caught my eye, after re-reading their update. They're saying how you'll *have* to have an official air cooling system (air conditioning, etc) to compliment their gear, instead of just relying on fans. That's kindof odd.
I'm not saying it isn't smart, or that it wouldn't help, but it shouldn't be a requirement if the system is designed with proper thermal dissipation in mind. The PCB's need wide copper lines in the right places, and you just need the right cooling on the chip itself. I've seen Blade units stacked in hot rooms without issues, so why would AT's stuff "need" extra cooling? Especially running at lower wattage.
Unless it's their way of legally wiping their hands of instability issues down the road, with chips with high variance of quality.
Is it just me, am I mis-reading their wording?
I do not see anything about having to have a special air cooling system in the update. Spreading FUD much? No, it was in one of the things Fiaz said, either a response or a posting of an update. In going back, I see that it has been deleted along with some other stuff. This thread dropped another half page again, posts are being removed. I have no dog in this game, I have no orders with A/T or their competition. I'm just keeping track of them. They (he?) said that you don't want to rely on just airflow from a fan, but you want supplimental cooling for the units. They still haven't addressed the CE issue with their equipment. It looks like they tried to dodge the bullet by saying that they're including commercial power supplies in the shipment, which are already certified, but their *miner* has to be CE certified as well--not just the PSU. Another point they're avoiding. Don't just wave the FUD flag when it's merely unbiased concern. Oh so your your just spreading FUD for the public good? There is no CE issues anymore and you know that. As they're shipping separate and external PSU's that are off the shelf plus already certified. Which will drastically help with any heat issues. So why an Earth would they now come out and say special extra colling is needed now. When they have just made them a lot cooler. Trollol |
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which brings us back to if we can't detect it what would deter someone from trying it.
Well how about this if your have a worker under 850gh we don't ask you to solo mine from 0000 to 0100 each day it is optional.
If you are over 850gh you solo mine from 0000 to 0100 each day.
Since the bigger a bad gear worker is the more he hurts us .
Screening over 850gh for an hour a day via solo mining only deters people with bad gear/software.
So a 200th guy down to a 850gh guy with bad gear/software has a penalty of 1/24 each day since he won't ever hit during solo time.
Thus if someone knows his gear sucks he would say I don't want to pay 4% extra to mine here.
Little guys don't have to deal with the problem. Since they get skipped over.
Just make 2 pool connections one for over and one for under 850gh.
Also allow the lower then 850gh to go in the over 850gh if they feel 'lucky' but don't allow the over 850 gh guy to go in the lower part pf the pool.
this at least makes an extra penalty to a terrible big miner. In the case of multipool the extra 75 coins he grabbed would have been reduced by 1/24.
Not an ideal fix but it does help even things out.
This pool has already had enough bad luck since we pointed some hashrate here a week ago. If we had to solo-mine even for just one hour a day we'd leave and I think a lot of others would too. As so far deciding to use this pool looks like its cost us unless the pool gets a run of lucky blocks before the next difficulty change. Wasn't Eligius recently attacked by bad miners and lost over 400BTC? |
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We should have 1(GH/s) of Scrypt rigs due in the next four to six weeks. If your merged the chain with LTC we'd solo merge-mine it until the big pools pick it up.
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Last week we had a great run.......this week so far....not so much.....come on luck!
They've not just had a bad run of BTC blocks but NMC also? Have the Eligius attackers changed their tactics and moved here? |
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Slight difference between KNC and AT: KNC is an experienced engineering/design team with delivered results, using a pre-existing platform which has been proven. The chassis, overall design, etc.. all pre-existing. Suppliers? No issue there. Assembly and testing? They have several teams and access to automated systems. Their Titan series didn't require any physical changes or supply differences. The mainboard and ASIC were the difference. They already have everything else.
Alpha Tec? To my knowledge.. none of that. They admitted they hadn't even figured out the physical case redesign. They're a mom and pop who are outsourcing as much as they can, and to date have admitted that it's all fly-by-the-seat-of-the-pants in order to make their own deadlines. It's not to say they can't do it just because they're a smaller outfit.
It's just that, with so many odds against them, and their lack of clarity and response, and the fact they can't obtain credit card processing after a month of trying, is cause for concern.
And from a personal standpoint, why on earth doesn't a company like this already HAVE credit card processing?
You can't even get a UK bank account if you mention cryptocoins. I'd imagine a lot of established payment processors would be just as nervous at the mention of cryptocoins. They did originally offer Paypal for deposits although even KNC has dropped credit cards now and you can only pay with Bitcoin or bank wire. I don't know many manufactures who do or did offer credit cards or PayPal in the last six months at least. |
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Rather than everyone sh*tting their knickers just complete the finale payment with a credit card once they offer that option in the next two weeks. You then have at least ninety days after payment to file for a full charge back. You mean the payment processor they were supposed to have working before June 5th? I can go to any bank within a 5 mile radius, and for $250 I can acquire credit/debit card payment processing, even without having a bank account at that bank (it just costs a few more to setup). And yes, this is with business registration. There are at least 20 online processing companies who will have you setup in 15 minutes. There's something preventing them from getting this otherwise extremely easy system in process. Any sensible person who understands business has to ask themselves, what is that? Something doesn't add up, unless there's been some shady stuff in your business/personal history--typically fraud. This is all speculative thought, but it's worth wondering why they can't get it. I guess AlphaT are facing some big challenges and are currently holding off saying anything much further until they have a trump card to pull out like fully working chips. Which unless the tape-out went wrong then that announcement should come soon.
Their announcement should've come 1-2 months back (which, coincidentally, is in line with their original projection of foundry/bump/chips). If you've been following the concerns here, there's legal and engineering deadlines/milestones which aren't physically achievable right now, even if they had functional chips+pcb's, if they're expecting to meet their July deadline without any further changes. KNC went from working delivered chips to shipping miners in about a week. Maybe if AT dropped the included PSU's they could too. Saying that though with Bitmine it took them at least a month after receiving the working chips to starting to ship and they had major problems with their PSU supplier which greatly slowed down the volume they could ship. If AT can announce working chips and PCB's this week or early next week then I'm confident they can still pull off starting to ship devices before the end of July. AT usually have given official updates at least every two weeks while now is the third week since their last official update. A reason to be concerned yes but not the loss of any deposits yet. They've not broken their contract unless they don't ship your miner before September 31st. Although they'll now look very bad if they don't start shipping in July. Trying to prove an argument they they won't ship in July for the 'good' of the public is one thing. Although the FUD'ers saying you've already lost your deposit is just that FUD. |
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Rather than everyone sh*tting their knickers just complete the finale payment with a credit card once they offer that option in the next two weeks. You then have at least ninety days after payment to file for a full charge back. Plus the fact that AlphaT only initially asked for a 30% deposit how can you say "Oh no we're being BFL'd again". Also the post about Dexcels part of the job being finished when the chips went to the foundry is correct. Dexcel probably removed the AlphaT links after all the panicked emails they were receiving really spooked them. I guess AlphaT are facing some big challenges and are currently holding off saying anything much further until they have a trump card to pull out like fully working chips. Which unless the tape-out went wrong then that announcement should come soon.
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@Red Star Mining: "Bitmine are still delivering as we took delivery of 5(TH/s) off them last week. Plus we are working with them to possibly buy some none standard 800(GH/s) devices off them."
I wish you success in working together, for me Bitmine died. In BTC mining "time is money". It turned out that Bitmine dont know this and they lost a lot of money, our money. They had a great trust and also lost it. How do you see their future?
Now that they have probably very nearly shipped all their pre-orders that are not refunding. Then if they can now sell in stock miners at a competitive price. Then no will care about their history much. Especially if they accept credit cards for the in stock miners. As you have three months at least to do a charge back with a credit card. |
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What situation are you in with bitmine at the moment atta2k15? Are you saying if I use the phone I will get a refund? are you trying to help?
Im NOT related to Bitmine, just a customer like everyone else. Instead of trolling, complaining, accusing, making threads etc here, its more wise to phone them up. Do you really think with all past 180+ pages of sick comments, people of Bitmine will still be reading this thread? And if they did, do you think they will react on in it sooner? muwhahaha  I was making a statement on the record. That's all this thread is. When the evidence of fraudulent behavior for bitmine is put before the courts I want my case to be on the record. I never said or implied that you worked for bitmine & don't you think you are just trolling hanging around this thread jumping on peoples opinions and commenting on them? bitmine.ch is having still a good community. You cant change it just by trolling, because some here really USING THEIR BRAIN. All the refunders are just parasites and I really hope for them they will spend alot money, time and emotions for getting their right in some years. Cooperation is something different. Yes he is right , better lisen to " kapanec " . I know its party over for them. Another one bite the dust . H Bitmine are still delivering as we took delivery of 5(TH/s) off them last week. Plus we are working with them to possibly buy some none standard 800(GH/s) devices off them. |
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Mining UpdateRSM has taken delivery of 4 out of 5 of our modified Bitmine.ch hardware. Originally we were suppose to receive 2.8 TH/s of hardware but we will receive approximately 5 TH/s when all the miners are delivered. We still have one miner that got caught up in customs and we expect it in the next few days. We’re still working out the kinks but you should be able to monitor our overall progress on bitparking by following miner 341f4052 on the Bitparking Statistics Page.
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thanks for the great news!!!, it should help us improve the dividends a lot!
The current dividend fund does hold BTC6.7 we are just being very conservative in paying it out as we know we won't be adding to the fund until the Alpha-T or Bitmine devices have seen a positive bitcoin ROI. Which should be in the Autumn/Fall for both devices. Although if the Alpha-T devices are the first substantial Scrypt ASIC's to market by a good while. Then the Alpha-T devices should ROI very quickly and start adding to the dividend fund during late summer. Even if both sets of devices don't do amazing well then we should still get the reinvestment fund to around BTC150. Which if you divide over the current 131,000 shares without any more buy backs going through. Would value each share at over BTC0.0011, so if we do well off both sets of devices. Then the intrinsic value of each share should be much higher than that. While that's just the intrinsic value, speculation should hopefully drive the share price even higher some more. |
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A bit of preliminary good news is that we are having 5(TH/s)@5kW shipped to us on Friday. We paid BTC16.00 for this on February 1st. The Alpha Viper Scrypt rigs are still on schedule to ship in July. While we still have to pay £15k towards this >360MH/s by June 6th. We are just hanging on for any more bitcoin price rises.
Sorry after an update today we are no longer receiving ~360(MH/s) of Scrypt ASIC's off Alpha in July. We're actually receiving 1(GH/s) now instead in July - https://alpha-t.net/news/performance-increase - so that's two major pieces of good news for RSM today |
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RSM (founded 2011 with the IPO in January 2012) would like to thank Bitmine, rather than opt in to waiting for four to six weeks for a USD refund for our original 2(TH/s) rig order which was due to be shipped in the fourth week of March. They have offered us a better compensation deal due to them still being unable to ship the Rig units. If you work with Bitmine rather than acting like a spoiled little kid who dreams of getting rich quick have be ruined then they are very compromising. We believe that we can ROI in bitcoins plus profit well with what we are receiving and would happily work with Bitmine again. So far we could only say that for KNC although the Alpha-T (Scrypt) update today for their July deliveries is very promising.
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A bit of preliminary good news is that we are having 5(TH/s)@5kW shipped to us on Friday. We paid BTC16.00 for this on February 1st. The Alpha Viper Scrypt rigs are still on schedule to ship in July. While we still have to pay £15k towards this >360MH/s by June 6th. We are just hanging on for any more bitcoin price rises.
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I'm not the technical officer at RSM he's currently ill. Although we may be receiving four ~1.2(TH/s) miners within the next week. Would we be able to put all four miners on the same account/address as they'll all have the same difficulty settings. Or does it not matter at all and that you can have as miners with as many different difficulty settings running on the same account/address. Thanks for any advice in advance.
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What is the maximum hashrate of the full desk unit in turbo mode and what is the wattage of its power usage? Thanks for advice in advance.
if you would mind reading 2 posts above. everything there... /e running at 875/860mV/1300W/1108GH/s now. temperature dropped outside so miners are at 41°C and 46°C Thanks, what did you mean by - I need that Voltage or HW increases till 5-8% there. |
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What is the maximum hashrate of the full desk unit in turbo mode and what is the wattage of its power usage? Thanks for advice in advance.
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Hi all,
Ordered in December, orde4327, received it today. 400Ghz pushed upto 600GHs with CCP. Attached are the photos.
Although can someone tell me what voltage it needs? in Saudi we use both 110V and 220V, what should i plug the coincraft desk into?
It depends on the fuse you have on which voltage. This 600 Watt you can run on both. take the 220 V, its better for you, when you dont have any other big machines connected to that fuse. Hey johnnu thanks for responding, but i dont understand what you mean. i have 2 wall sockets, 1 running at 110V and another running 220V, which should i plug the device into? i know that plugging it into the wrong voltage would damage it. take the 220v... Yeah if you use the 220V outlet and not the 110V outlet it will draw less amps therefore run more efficiently. |
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