Update: order on 1/7 just got word that package is in customs in Los Angeles.
Dang DHL is fast to States. What value you had it declared and how much tax you guys in states have to pay. In europe we have vat of 19-24% of the value, most countrys have no import tax for computer equipment. |
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You pay 60$ a chip, they pay 1$. They will push as many GH/sec as they can as fast as they can and mine themselves. For them, these chips pay themselves back measured in hours.
If anyone is dumb enough to buy their chips, they will put out several dozen for every one you buy, funded entirely by you.
Scrypt is dead.
+1 i like your ideas +2 for facts +3 in a gold rush those who will sell parts will gain most capital. IF this company is legit and can do it, Scrypt mining. Only means there will be +10 more in next 6 months. Scrypt for GPUs is not dead at this very date and for all gamers out there soon will be good stock of AMD GPUs that can handle all proper games nicely. Very cheap. All this fuzz and valuation of silly altcoins will keep up the GPU mining proftability for those people who want to invest time and focus on it. As power and watts per KH/s GPU mining is dead and ecological disaster. Dedicated chips will do the same Scrypt job with 1/40, then 1/100 and then 1/1000 of the Power cost of a GFX Card. Also this chip will only currently do Litecoins. +6months there will be least dozen more companys with their chip solutions. As a GPU miner which i am not. i would seriously evaluate ROI point and resale value to get ride of GPU mining and investing same capital to BTC or something else. Waiting for next wave of hardware mining. Early adopters always gain the benefits. The people who are planning to make 8, 12, 16 GPU rigs now... dont, you are too late. Goldrush is gone. |
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Anyone have time to write up some instructions? with pictures
I'd be willing to donate
Can do. Possibly will take pictures of whole unboxing in our warehouse and make setup quides. English not my main so i dont like to write too much. Ordered with PSU gonna scrape them and replace with proper. Maybe initial tests with stock setup. I have 8 units of 1250w Chieftec PSU:s that have single rail of 12v 102A. Our outside temprature in here is -18c -0F haha i possible place them in 5-10c ambient temperature warehouse. Was reading today in here about that guy in Australia who is running his KNC stuff in carage with outside temperature of 40c 108f !!! wow i would die in that temp. Yes as a human i would die. Apparently KNC not.. |
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Order from 09/01 got my tracking today from DHL, hope to srrive here on monday  i will keep u guys informed I got my tracking on a friday, but it actually didn't show movement until the monday, and then it moved fast - got it on wedsnesday. Getting a tracking number from DHL doesn't mean it's started moving - look at it closely to be sure it's moving vice just shipping info creation. Yeah, I have an order on the 7th that I received a tracking number for last night but it has no movement yet. Status is just Shipment Information Received. Hopefully they will actually receive the package soon. Despite the various mistakes at least they are working on getting things shipped unlike many other group buys. It's there waiting for DHL scan and boarding to Plane.  I have tried to buy more units few days. But they cannot commit for more orders now, eaven with some ppl canceling orders. |
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I had a 1/7 order, and I received tracking info today -- and the package is in motion.
Same thing i got few orders coming. Have received tracking info and they are picked up by DHL. From professional point i have stuff coming from HK to Europe several parcels every week. These will board the plane in HK presumably tomorrow Saturday and land to DHL Leipzig Sunday. Mine will be on route to delivery to me monday. I have preapproved customs number with DHL. Well see what happens. This is just my prediction. |
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I've seen that on Middlecoin, but I'm failing to see how this is transformational. It would seem to me that the key in the near term (at least months) is equipment price/kh, not kh/kw. Granted, I have cheap power in the US, but at the rates alt coins are paying, the cost of power is almost exactly an entire order of magnitude less than the revenue that can be obtained by that power. Case in point: 0.01 BTC/day/(MH/s) is pretty easy to reliably obtain. For 1Mh/s, you're looking at about 300-350 W. 0.01 BTC = about $8.5 currently (and stands to rise). 350W = $1.68 even at a very liberal $0.20/KWhr.
My point with all of this is that hashing power is clearly the dominant metric for profit at this point. With that said, the prices listed in this thread for ASIC hardware are about two-fold WORSE than typical cost/hash represented through GPU mining.
What this is all leading me to is this - if power could (even liberally) be assumed to be soaking a quarter of your revenue from GPU mining, and these products are twice the cost of GPU mining, there is literally NO break-even. Even if they use no power at all, the best you could do with them is still to bring two thirds of the profit/investment of GPU mining.
It seems that these become a true alternative when they get to between the 1.0x and maybe 1.25x the price/hash power, and truly preferable when cheaper still. Similarly, it would take until profits/hash power are halved from their current levels to have the same effect. With all of the pump and dump coins and stupid speculators betting on them in the short term coming and going, I don't see that happening any time soon.
Am I wrong?
+1 You are exactly right. These wont be obtainable within eaven close to get break-eaven in investment. Power usage wont matter that much in >10MH scale. They are just too rare when they hit the market. Gridseed can easily charge 1000% margins for them and people will still buy like crazy. When will they hit the market. Not in months. Takes alot time before they show any significat Hashing power in current Scrypt world. That said i would say there is easy 6 months left for Healty GPU mining. These wont kill it. Yet. GPU still best way to earn $ ps. Cheshyr i'm on a same boat i wish to see the technology. I could buy 1 of these just to see it in action. |
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This is how BFG Miner handles 73 USB sticks in Win7 Really hate those REDFury devices and their HW error rate 5% anything i am doing wrong. Anyone got latest drivers for REDFury? Gotta love the Antminers 2GH/s solid to the pool with 0HW errors in most of the units. 2.2GH brings out the errors. I prefer mining without.  |
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Paypal or Bank payments available?
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I am glad you got your bitcoins back. Btimine still has some learning to do on keeping the group informed and treated respectfully.
This guy never ordered anything. All hes done is trolling this thread, also never mentioned ordering stuff in early posts or gave out transaction ID of his payment. Annoying childish forums troll all he is. Ignore works if moderation is not done. Interesting point. I also did not see any order in the OP that looked like a 20+btc order on the 6th. ..but why would he do this then and why would he have removed all his posts? Was this a shakedown? He is trolling all over this forums. Just wanted to pick this thread more than others. |
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I am glad you got your bitcoins back. Btimine still has some learning to do on keeping the group informed and treated respectfully.
This guy never ordered anything. All hes done is trolling this thread, also never mentioned ordering stuff in early posts or gave out transaction ID of his payment. Annoying childish forums troll all he is. Ignore works if moderation is not done. |
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so are they up for orders or not
Sold out +1  Good one. Lets see when someone else ask where one can buy these. |
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At 60 khs per chip? Na...GPUs arent dead for another two or three years.
Even the others (Alpha & Fibonacci) aren't that fast per chip, the main advantage is power and management.
AND They are not keen selling them. With prices ppl suggest here. If you have Machine laying golden eggs while none else have why would you sell it. Also this is totally GEN 1 hardware and totally in line what first SHA Bitcoin ASIC:s were performing. The Chip is not super performer but what it does it does it 1/40th of the Electricity of GPU rig PPL are blinded by current GH and TH of BTC ASIC. If and when they get mass sampling of this chip what would stop them putting 160 chips in a Blade taking 70-100W and producing massive 9.6MH/s thats 12 GPU rig right there in 1 single ~70W blade. Price? dont dream about it. They will mine and overprice the chip to cover R&D costs and get healty profit before dumping them into the market. If you are first you are First. -Edit- http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.htmlBeen following above middlecoin address and they have add around 100MH/s daily there. Thursday - Friday - Monday - Tuesday - Today i just saw 957MH/s accepted. It is past 1GH/s accepted hashrate tomorrow evening. That would be closer 2000 AMD GPU units in mining rigs and rough numbers would be what 500-700 kw/h power and heat at minimum. I'm no professional but i would say it's not easy to obtain that much power. Compared these chips would do it with 7-15kw/h which is nothing. specs are here
https://github.com/gridseed/gc3355-doc/blob/master/GC3355_DataSheet.pdf
And holy shit, it claims to do 59.6 KH/s while using 0.44 W
This is 0.00738 W/KH/s versus 0.300 W/KH/s for a GPU -- a 40.7 fold increase in efficiency. This is about the same increase in efficiency as compared to BTC when ASICMINER first introduced its chips; I'm curious to see how they did it. |
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it's not same factory. Not the same units. Avalon 55nm Chip is public available in Shenzen, IN-Stock atm. There are maybe +10 little shops similar to BTMine assembling those Blades to units and 2x Blade = 220 GH/s units. BTMine was nice enough to come here, others resell in Shenzen. China domestic market for these also absorbs everything they can produce atm. It's gold rush everyone wants to be part of. It's same design like they all are, but diffrent Factory. This Avalon 55nm chip is assembling 200-1000TH every day atm. While others are months away pre-orders. These Avalon chip units ship now from multiple Factories. |
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I'm honestly glad that the chinese factory miner left. With a hashrate of 800MH/s you probably shouldn't be mining on a pool anyway.
I hear you, but I don't think he's left. His hash rate is <400Mh/s right now, but if you click the link, it's definitely him. If this is no Scrypt ASIC testing lab.. This Scrypt Hashpower would translate to around what 2000 AMD GPU cards.. with powertake +300kwh.. Just rough numbers i could assume wrong. but hey i would wanna see that 2000 GPU farm http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html  I maybe scored the screenshot while they were booting up? 1.2GH/s woot woot. Just a reminder. It's possibly this chip: https://bitcointalk.org/index.php?topic=355268.0Just 25k of them. |
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Hi,
Can somebody please PM me that has contacts with these people. We are very interested. Currently we have a pilot running with 80 GPU servers. We want to expand bigtime.
Thanks.
That's what you call a pilot? Pilot is 1.2TH Scrypt mining lab. Maybe 50000 of these chips with 1/40 of the GPU powertake. This Scrypt Hashpower would translate to around what 2000 AMD GPU cards.. with powertake +300kwh.. Just rough numbers i could assume wrong. but hey i would wanna see that 2000 GPU farm http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html |
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The issue is that op agreed to a refund after admitting to fraud. Then never refunded. I'll gladly go away and again clear out all these posts. Once a refund is issued. REFUND
SCAMMER
SCAMMER
SCAMMER
WARNING
we already refunded to some clients, you can ask them , and did you also buy it ? tell me your information I can refund Yes please refund this guy off and i'll gladly pay off his order and you can add +100$ tip ontop of that. You may add this to my open order. Thank you for your support. |
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REFUND
SCAMMER
SCAMMER
SCAMMER
WARNING
Take your refund and begone with it. You are getting tiresome spamming this thread with nothing new to bring but crying. They are doing their best and people have option eather refund or stick with it. Your flaming brings nothing to it. These guys came out and stated their difficulties and are doing their best to ship out. They have been open and responsive for me with Email. I hope you cancel you order already. Only means i get my extra units quicker. |
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Looks like this very nice and customer friendly startup factory BTMine was stunned off by positive order QTY.
They had parts in stock to build up to 500 units. But after this thread rushed up 06.01.2014 can only assume they hit order QTY beyond production. 500units in stock was bit misleading advertisement... I never tough it to be true who would have that stock and not sell out. BTMine was too unexperienced in shipping to give too optimistic logistics promise it's been only 5 working days since this order hit the flames.. time is money now. Hashrate is skyrocketing atm.
I would be more worried with the KNC & other pre-order stuff. Is it worth anything anymore while these Avalon 55nm chips hit in mass now! BTMine is not the only one... i know from my sources in Shenzen there are several small shops assembling them now. Same blades + PSU. BTMine was nice enough to get here bitcointalk with no experience. Shenzen is assembling Avalon chips units worth easy 200TH /everyday and it's months away for others preorders to ship..
Also Bitmine Antminers ship like there is no tomorrow for next weeks and months. These two are only things that DO SHIP!! NOW!! Taobao link for Antminer S1 had around +500 orders /day before it was taken down. Price was 8500 yuan --> 9500 yuan before BTC stuff was banned from Taobao last week.
Cancel your order if you wish but thers no hope getting anything equal in next 2-3 difficulty hops. ~20-30days This is still best deal out there which is actually shipping. All others are preorders of beyond date. With overprice.
I'm on BTMine side and will leave positive feedback after my units arrive in few days. Assuming if they work haha.
They are the nice guys here. Maybe BTMine could use some better English sales rep.
excuse my mispellings too, it's my 3rd language.
-s
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