Finally got a reply to my email: Dear customer,
we use a full custom asic design,
at first we thought about a semi custom design,
it was really fast clear that we could save much money
but we could not reach that efficiency with this design
through the pre-defined masks for the diffused layers.
Other active components and the transistors of the
circuit are for that semi-custom design already fixed.
With best regards,
Your CedarTec Team. For info on types of asics: http://hsaikia.weebly.com/uploads/1/3/9/8/13987778/asic.pdf |
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Dear customer,
we have received your payment.
Confirmation:
7.90 ฿ - 03.05.2013 09:20
Your order number:
#014X - Shipment: 20th - 25th may 2013
With best regards,
Your CedarTec Team. I previously posted the bitcoin address i paid to if you want to track the money. |
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Man im really amazed that some people really think this might be for real. I mean come on, the whole thing just stinks like a big old dead dog, thats been dead for some while  Is it really greed that makes people fall for scams like this ? If so i really need to look for an old pcb somewhere around my house  Anyway its always good fun to come back to this thread. Cheers Consider me an 'atheist-leaning' agnostic. I can't prove that it's a scam, but until it's proven legitimate, it's not legitimate either. I am incredulous as well, as to how anybody would be willing to just throw a thousand dollars at this, but then again, I've been taken for much larger amounts before in the past, which is largely why I'm so much more cautious about big-ticket items, so maybe you gotta get burned before you learn. I was recently taken for just under $300 when I was in a rush to purchase some bitcoin, and an asshat took me for a ride. Lesson learned: Escrow, Escrow, Escrow, when dealing with individuals. When dealing with a business, they'd better have a damn good reputation, and demonstrations of a working product. I didn't even order a BFL Jalpeno until I actually saw video by an independent 3rd party of one actually working. Late to the party? Maybe... But if these people can deliver as quickly as they claim, waiting 2 weeks longer to order won't amount to any sizeable difference in the long run. What a smart reply  and yeah im in the same boat. I also waited with my BFL orders until they were validated by a third party (wired in my case) Will i loose some profit ? Sure ! But in the end i think its smarter then loose my complete investement. All im saying is apply some critical thinking and you will be almost save and this scam doesnt even provide enough substance to be taken serious in the first place. Cheers You have potentially lost allot more then your initial investment, especially if by the time you receive your asic a new technology dwarfs it. That being smaller transistor size process and more efficient designs. You either take the risk and gain big or wait and gain little. From what ive collected, this leaning towards the "real but not public image wise organized" side. There is an obvious lack of staff and communication problems due to language barriers. |
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i asked if their cost was allot less then the absurd prices it was in 2005 for that process.
im not sure if the figure they gave me is what it cost or if it was just a figure as to how much it would cost if i were to order from the same chinese manufacturer.
and yes by email, and i cant possibly be the only one they are corresponding with by email
i have been trying to communicate with them over email since they went public, generally it takes up to a day for them to respond, depending on the time.
if you were ordering something that was potentially a scam, wouldn't you try to get as much information as you can? and initially i was trying to get an edge on everyone else to be able to better determine whether they are a scam or not. so i know so much because i have been doing my research.
Im with you. I too have been talking with them since April 3rd trying to fish for as much details as possible. I am still on the fence about a pre-order. The greedy me is on one shoulder saying "DO IT DO IT!" While the responsible me is on the other saying "dont do something you will regret!". Maybe in another 24 hours BTC prices will go back up and I can send them 6.6 coins for a unit, might be worth it then Got anything you think would be worth sharing? |
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i asked if their cost was allot less then the absurd prices it was in 2005 for that process. im not sure if the figure they gave me is what it cost or if it was just a figure as to how much it would cost if i were to order from the same chinese manufacturer. and yes by email, and i cant possibly be the only one they are corresponding with by email i have been trying to communicate with them over email since they went public, generally it takes up to a day for them to respond, depending on the time. if you were ordering something that was potentially a scam, wouldn't you try to get as much information as you can? and initially i was trying to get an edge on everyone else to be able to better determine whether they are a scam or not. so i know so much because i have been doing my research. edit: i have more information such as manufacturing location for their asic chips From: support@cedartec.netSent: April-01-13 10:19:08 PM Dear customer, we are currently testing and optimizing our product, like you can see on our status page. We will upload pictures of our hardware upcoming week. If you want to be sure you have the option to wait until may. Our production will be in china: Cuigang South Road,Fuyong Town, Baoan Distirct,Shenzhen,Guangdong, China. Our office is in: Kassem Mourad, Tripoli, Lebanon. With best regards, Your CedarTec Team. |
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A fool and his money are soon parted. I can't say for certain that this is a scam, but it sure looks, smells, sounds, feels, and tastes like one. This is a HUGE gamble, and they're doing just enough to pretend that they're giving you what you're asking for, but never giving you QUITE what you asked for.
If this is a legitimate business, why would they limit themselves to doing 1000 boards? Why would you put 3 years of time research and effort into a project, only to set a low limit on your potential returns?
Any time somebody says "we're a manufacturer, but we can only deliver x number of units," you need to be very careful, and consider why a manufacturer would tool up to manufacture a limited quantity.
There's no way in hell that they legitimately got 400k bitcoin from this project. Something else is going on; one potential explanation would be that this is a very sophisticated scamming group, who knows how to quickly separate fools from their money, and this is just one of many projects dedicated to that end.
I legitimately hope you get the stuff you've paid for. If you do, let me know and I'll start campaigning to get them to sell more than a measly 1000 units, and buy one myself. I wouldn't touch this under any circumstances until/unless there's a credible independent verification that this is a working product. It would not be at all difficult for them to do this, if they were actually willing or able. And I cannot see one single reason why a legitimate company would be unwilling OR unable.
from what i gathered they are testing their market with the pre-orders. the 400k bitcoins is not theirs, thats bitcoin24 internal account. i think their intention is more for the long term, not the sale as many as we can and deliver extremly late and slow, if they do it right they could steal the entire asic market by being cost effective and having a low point of sale to delivery wait time. |
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100% scam. Their PCB board is just a mini ATX board with some ports ripped out.
and a PCI-e 1x slot pulled and positioned in the wrong direction? This is not just a basic mini ATX board. Still on the fence, once BTC prices go back up I may pull the trigger. Right now at sub $100 its not worth it to me That clearly makes me throw shitloads of money on them .... they dont let you spend more then 3000$ latest details i got from them: mass production starts as soon as optimization is complete it cost them 8$/die on a wafer (including unusable ones) |
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i would not be able to bear waiting past their deadline, id count that as a loss.
im not convinced they are not a scam, so a delay would not give them any more credence in my view, infact that could shift my view completely.
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btw, regarding the concerns for their domain
i have a theory as to why they are using an anonymized service and only one year for the domain registry.
they have mentioned that their webserver is run in their office
so the service they use really is just a proxy to their webserver
since they need the bitcoind service running this makes sense
ive also been bruteforcing the directorys on their webserver and can confirm its certainly not something from a host, its quite weak in handling lots of requests.
id imagine they would want to relocate and possibly change domain registrar in the near future once they are official.
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im not trying to get anyone to buy, unless ofcourse they need more pre-orders to mass produce.
at this point im not really sure, they did say the pre-order really is just to test the public and that the 1000 number is really just an upper limit. They mention further plans after the pre-orders and selling the left over units.
you know how jelly all those bfl customers will be if cedartec is not a scam?
its really in my interest that no else buy more units, theyd be diluting my profits.
at the same time i want them to succeed, its either they are a scam to begin with, or are a scam upon some failure or actually deliver. i loose if they are a scam and i loose if they fail.
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been member lurker since june 2011
granted i would assume the same thing, how can i prove i am an independent agent acting on my own "free will" (no such thing in this deterministic universe)
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im 4 hours away from potentially sending them more bitcoins
should i?
they have gone further then both butterflylabs and avalon did in their first months.
manufacturing 65nm asic chips no longer costs millions, its a 8 year old process.
they plan on assembling 100 pcb a week
they currently have potentially enough for the mass production, i assume they have had additional investments before going public
only 2-3weeks until release, low cost for high hashrate
im buying with a friend, so the cost is negligible for such good potential returns
some of you have an interest in them not delivering, bfl clients, gpu miners or simply jelly
im currently locked in at 7.9btc
My opinion is this has scam written all over it. As horribly as bfl has performed, they still have a better track record than this company. I think you saw a shiny website and some smooth words and got blinded by dollar signs. I wouldn't send them a penny. As far as being jealous, check my sig... not saying anyone is jelly, im saying people may potentially be negatively contributing intentionally due to reason of personal gain from such action. their website is not well made, im a web developer. the specs coincide with whats possible given 65nm process. they have been replying to my concerns in due time and have followed through partially to my demand. I say partially because the resulting images and video where quickly done without full regard of need to publish something that will not cast doubt. I requested they use eligius.st, they say they will get public livestats up. Altho i should wait for them to follow through with their promises, that would mean loosing my position tho. So given the risks(well aware) im thinking of going through with my second purchase. |
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im 4 hours away from potentially sending them more bitcoins
should i?
they have gone further then both butterflylabs and avalon did in their first months.
manufacturing 65nm asic chips no longer costs millions, its a 8 year old process.
they plan on assembling 100 pcb a week
they currently have potentially enough for the mass production, i assume they have had additional investments before going public
only 2-3weeks until release, low cost for high hashrate
im buying with a friend, so the cost is negligible for such good potential returns
some of you have an interest in them not delivering, bfl clients, gpu miners or simply jelly
im currently locked in at 7.9btc
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There is no way those people conned 405,500.2006404 BTC out of potential customers. That's an asinine amount of money. Or are there just that many suckers ? thats bitcoin-24 inputs my order was sent to a cedartec owned address and then it went through an empty address (bitcoin-24 cedartec account address generated at each deposit) then went to bitcoin-24 internals. |
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Dear customer,
we have currently around 140 pre-orders.
With best regards,
Your CedarTec Team. they have around 140000$ already, who knows how much more from investments. Source? email |
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Dear customer,
we have currently around 140 pre-orders.
With best regards,
Your CedarTec Team. they have around 140000$ already, who knows how much more from investments. |
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