Hello Gentleman,

We are sorry to say we are shutting down the sales and hosting service for Gridseed ASICs. Unfortunately we are not doing enough business to make this worthwhile. All equipment that is currently hosted will be moved to a new location sometime in the next week. This will unfortunately cause about one or two days worth of down time for all hosted equipment. To make up for this we are extending the free hosting offer for an extra month and furthermore reducing hosting fees to $3 per unit.

We still have some Gridseed accessories for sale in the store and will have sme in stock units until they sell out. Although they aren't in the store yet, we also have dual mining ATX power cables in stock if anyone's interested. Along with Scrypt only ATX power cables, and any other accessory you'd need to run Gridseeds.

Thanks to those of you that supported us by ordering. It is much appreciated, and we apologize we can't continue to provide this service. We will use this thread for hosting news and discussion, along with Gridseed/accessory sales & support. We will likely start back up with different mining equipment at a later date, but for now all ASIC group buys are suspended.

Thanks

Hi Gentleman,

A few things this morning:

- Batch 3 came in yesterday evening, everything should be running and shipped by this evening.
- I will see what I can do about making Easy mode hosting payments more frequently. For now it is what it is.
- DIY mode log in is still not available.. I apologize but there are a couple security issues holding this up and will get it done ASAP.
- Gridseed blade is now available for order
- 28 USB miners in stock

New Prices:
In stock Gridseed 5 Chip ASICs (hosted or not): $134.99
      In stock units will be hosted or shipped within 24 hours or less, or your money back.
Gridseed 5 Chip ASIC with No Accessories Pre-Order*: $104.99
Gridseed 5 Chip ASIC with Hosting Pre-Order*: $114.99
Gridseed Blade Pre-Order*: $1479.99
Gridseed Blade Hosted Pre-Order*: $1579.99

* All pre-order items are bought in traditional group buy-like batches of 20 units each. As soon as enough orders are received for 20 units, the Gridseeds will ship to us in 3 to 5 business days. The Gridseed Blade is bought in batches of 4 each. We plan on having your order shipped or hosted within 24 hours or less after they are received from our supplier. If you decide your order is taking too long you may ask for a refund at anytime, alternatively you will remain in the queue until an order can be placed.

Thanks

Paypal (therefore credit and debit cards as well) has been added as a payment option in our store! We much prefer Bitcoin though due to the lower fees and speed of it. Please seriously consider buying Bitcoins and paying that way before using the Paypal payment option... thanks! The following terms apply for all Paypal payments and are clearly explained at check out:

- Our margins are very small, and using Paypal would actually make us operate at a loss, therefore a 10% fee is imposed for using Paypal to pay. To avoid this please use Bitcoin, as it is our preferred method of payment which has less fees!

- For any pre-order product, your order will suffer additional delays due to the time it takes to transfer the money from Paypal to our bank account and back into Bitcoin. We estimate this to take approximately 7 to 10 business days. Please consider buying Bitcoins and placing your order using Bitcoin, as there will be less of a delay. We recommend using localbitcoins.com to receive Bitcoins usually on the same day as purchasing them.

- Paypal cannot be used for hosted mining services due to risks of charge backs and the non reversible nature of Bitcoin payments. Therefore, Paypal is only accepted for orders that are to be delivered. We will refund the full amount minus Paypal fees immediately after you have ordered if you order hosted equipment.

- Furthermore, to protect ourselves from fraud we will only ship to verified Paypal addresses. Please make sure your shipping address is verified before making an order. We will refund the full amount minus Paypal fees if your address is not verified.

In stock units are sold out, we will have new in stock units available in 3 to 5 days.

Pre-order items are still available.

Thanks

Batch 3 had been ordered and is on its way.  

We will have new cheaper in stock units in 3 to 5 days, and our pre-order prices will remain the same as that's the best we can do on those for now.

Thanks all!

PS: We are offering a special deal to Batch 1 & 2 customers only. If you were a batch 1 & 2 customer, please contact us if you're looking at buying more Gridseeds and we will offer you the best deal possible. We apologize we have been slow on Batch 1 and 2 refunds, but the declining Bitcoin value has hit our Bitcoin-based business pretty hard the past few weeks. We are entirely Crypto based with no FIAT whatsoever other than what we need to order accessories with. We are also looking into other ways to make it up to you guys, so I hope you find this as satisfactory for now. Some ideas we're tossing around is burning in all retail units for 24 hours in the Easy mining mode pool, and extended free hosting for DIY customers. We want our customers and previous customers to get the best deals possible and make sure they are treated well. Thanks for understanding.

Edit: old pricing, see OP

Improvements:
- Batch sizes for pre-order units are reduced to 20 units each, so less wait time is incurred by our group buy customers!
- In stock units will be hosted or shipped within 24 hours or less, or your money back.

In stock units have been reduced to $174.99 hosted or shipped, and there are only 4 units left in stock. If hosted, they will be switched over to your pool ASAP depending on the time of your order, if your order is made in the evenings we will likely be able to switch it over immediately.

Firmware on all hosted units was updated tonight, hopefully this will reduce stales etc. and improve the miners performance. It will take a bit to see if there is any difference. All mining equipment has been relatively stable, so that is good.. most rigs made it more than a week without any problems so that is a good thing!

Log in for DIY hosting will be enabled this weekend. I apologize I haven't been able to do it sooner, but wanted to make sure the network and all computers/pis are secure before allowing it. Furthermore, I haven't wired up the fuses yet.. that will be a task for this weekend as well.

We are looking into securing a better price for the Gridseeds and will make an announcement about it soon with miners being available at new prices as early as next week. I apologize our prices have been changing so much from week to week. Gridseed are pricing their mining equipment according to the current network and profitability, so I expect the prices to keep being reduced in the future as profitability declines. This is nothing new, ASICMINER and ANTMINER have been doing something similar for a long time where they slowly decrease their prices over time according to network variables. I just thought I'd explain it for those of you that aren't familiar with the process.

One last thing.. we are upping the volume of our ATX cable making and will have a lot of in stock ATX cables. We are planning on having a sell to get rid of some of them, because we probably ordered way too many. I think you will like the quality of the cables.. see the pictures posted a few posts up. They have heat shrink'd barrel plugs and connectors, and the cables are sleeved for easier cable management and a nice clean look. I would upgrade all of our cables here at the farm here to these nicer ones if we had the time (some take a long time to make because of the heat shrink and cable sleeves). I really like the way they came out.. the pictures don't do them justice of how good they look!

Thanks as always,

Will

You guys are pretty much right. It doesn't make much sense to buy the blades when you can get USB miners for cheaper. That is part of the reason why we are not selling them at the moment and sticking with the USB miners. The other reason being a 500 minimum order for wholesale Blades from Gridseed is over a million dollars in up front costs. Too risky!

Supposedly there is limited availability of the blades right now, so the price is higher than buying the USB miners of which supply is plentiful.

We have USB miners as low as $155 shipped when buying 25 or more, come check us out! smarthashing.us

I agree this is pretty neat. Proud to be a Texan today.

I hope other states follow suit.

As mentioned you will still need to register with the feds.

We added a pre-order queue list in the OP to give those who are interested an idea of how long it will take when ordering a pre-order item. There are currently 9 out of 60 units ordered in this batch. Once the batch fills up, it will take 3-5 days for the Gridseeds to be shipped here from China.

Current Pre-Order Queue: 9 out of 60 units have been reserved and paid for.

Hi all,

We're happy to report all problems with the hosted equipment were knocked out last night and the farm has been running stable for over 24 hours. Also, we were also able to secure better pricing for the Gridseed ASICs from our original supplier and all Gridseed ASIC sales have been resumed. Our prices have been adjusted accordingly and we think you will find them very competitive. Let us know if you have any questions. To place an order, please visit our website: smarthashing.us

Edit: old pricing, see OP

We're happy to see some of the first retail orders making their way to their new homes. Let us know if we can be of any assistance if you have trouble getting up and running. It helps to order a Pi from the web store so everything comes pre-configured.

Thanks!

Thanks very much for your order, let us know if there's anything else we can do!

Available now in the store. Please allow 3 business days until we can ship, these are made by hand and it takes almost a hour to make one PCIe cable!!

The sleeving for the larger part was the wrong size, so heat shrink will be used instead until that gets here- as pictured.

Gridseed Scrypt ATX PCIe Adapter: Can power 12 Gridseeds in Scrypt mode


Gridseed Scrypt ATX Molex Adapter: Can power 4 Gridseeds in Scrypt mode and 4 accessories (USB hubs, can be altered to run Pi, etc.)


Warning:
1. Do not use the PCIe adapter on a 8 pin CPU aka. EPS power connector from your PSU. Yes it will fit, but you will fry your Gridseeds. The EPS power adapters will have orange heat shrink and the PCIe adapters will have black heat shrink so you can tell the difference. Furthermore, PCIe adapters only have 12 barrel plugs whereas EPS adapters have 16 barrel plugs.
2. Yellow heat shrink = Gridseed barrel plug & Orange (future versions will be red.. we ordered the wrong color) Heat Shrink = USB Hubs or 5v accessories
3. The 8 pin PCIe adapter also works with a 6 pin PCIe power cable. Just make sure to plug it into the right side. The difference inbetween an 8 pin PCIe and a 6 pin PCIe is that the 6 pin PCIe has two less ground wires (the black ones). So, when plugging in the Y adapter look for these extra grounds and plug the connector into the opposite side leaving the extra black grounds unconnected.
4. Scrypt mode only for these cables!! New cables will be here soon for dual mining!

I've been getting some of my family and friends to help on an as needed basis. My friend is the only buddy I've known for a long time that is also into crypto. He is very smart and knows his way around computers and programming. He is pretty useful. My family helps me do things like assemble coins for cryptovest, they started recently answeing some emails and PMs, and also making some of these awesome cables I'm about to post pictures of. I would prefer they take over shipping, etc. too, as they helped me out a lot with that when I was selling coins with CryptoVest.

The problem is I can't afford much help right now.. I mean I only received 3 orders last week and they were mostly quite small for 1 unit! It's hard for me to compete with the larger Gridseed suppliers, so it is what it is. It's funny that you mention it, I do need to go back to my day job for a while due to lack of sales. I had enthusiastic intentions when starting this venture that it would do OK enough to take a break from work for a while. Let's just say that I'm not making the bills. This venture somewhat falling on its face reminded me that I do have a good job that I do not want to lose, so I better get back to it. This will remain a part time venture for me in the near term future. I am determined to press on though, I'm locked into a rental agreement so I will continue to make this work part time.

We are not going anywhere, we will be hosting the Gridseeds that are already sold and finishing out customer's orders. We will still have Gridseed accessories for sale in the store (we will likely have a big sale on them soon). We are going to regroup, and we will get back to providing mining equipment sales and hosting for good prices shortly. Look at this as just a slight pause.

We were planning on sending out payments once a month, however we would rather everyone have their own pool account- that way you get paid from mining instantly (depending on the pool you choose) and we are not liable for your money. Instead of taking hosting fees out of the miner's income, it would be paid monthly by each client. We are looking into getting some sort of interface that would allow you to change pools, request that your units be sold and the funds forwarded, and pay hosting fees and keep track of them. If the hosting fees aren't paid, we will need to switch your units over to our pool to pay them and we will contact you whether you want to end the hosting arrangement, sell your units, or keep going with us!

Honestly the web interface is kind of a long ways off, but it is something we are working towards. For now everyone that ordered in Batch 1 & 2 will share the same pool account. Your orders arrived within a couple days of each other and were all setup and running relatively at the same time seeing as though there were some issues the first day or so. We will request your BTC addresses soon if you haven't submitted it already. We're not sure there's much of a point in sending out a payment for a few days of mining, but if you guys want it we will do it. Otherwise, we were planning on waiting until the end of April. It will be like: [ (Number of easy mining ASICs) / (Total income of all easy mining asics) ] x (Number of units you have hosted). This way down time on one certain unit is shared by the group. We're not quite sure what we're going to do with failing equipment, but we don't feel like it's fair to say to someone "sorry, a unit burned up.. you're the unlucky one that has to take the hit." That just doesn't seem right, so pooling all easy hosted mining units together seems like the sensible thing to do.

Current Deals:
- 20 Gridseeds with no accessories - Straight from China to you in 3 to 5 days - $3,599.99
- In stock Gridseeds with no accessories - Can be hosted or not, please specify when ordering - $184.99
- Gridseed with no accessory pre-order - Please allow 3-5 business days before we are able to ship to you - $174.99

Random News:
- We will ship internationally, just contact us with what you want and we will give you a quote. Shipping is complicated to setup in the store and our margins are very low, so shipping needs to be exact or else we just paid for you to acquire equipment.
- We take Paypal on a case by case scenario, please make sure you have a verified shipping address, then contact us with what you're interested in.
- All of Batch 1 & 2 is shipped or hosted.
- We made a slight error when setting up the Easy mode farm at first- CoinHoarder had been up something like 30+ hours straight setting up the farm and accidentally put some units on the wrong pool. This will explain the drop in hash power from yesterday to today.
- There are currently 155 Gridseeds being hosted at our location.
- Our prices might go up in the near future- or we might start charging for shipping.. one of the two. We're hardly breaking even on some items after expenses and shipping, even losing money in some cases. With the amount of work this is taking, our profit needs to be worthwhile. We could all go get a job flipping burgers and we'd be making about the same as we are doing this- and it would be A LOT less stressful! We kept the cost of hosted units low for a while for hosting space to fill up to cover our expenses, but that is becoming less of a necessity with every order. Again, order now if you're thinking about doing it soon as all prices are subject to change.
- As promised... picture time!

*blushes at the mess of wires and leaning towers of Gridseeds*

Our main priority the past few days has been getting all Gridseeds up and running. We're happy to report all Batch 1 & 2 Gridseeds are currently hosted or shipped!!! Our next focus will be organizing the farm including the layout and all of the wires. We will do this on a rig by rig scenario, so as little downtime as possible is had by all.

Please note: That power cables and USB hubs we ship out to customers are nicer than some of the ones we are using for hosted units. We bought a big box of really cheap USB hubs, so if one malfunctions we can simply replace it. Since our customers won't have that luxury we use quality Rosewill USB hubs for our retail orders, and also the ATX power cables that ship out will have heat shrinked connections and cable sleeves.

When the lights go out:


The whole farm (well... most of it):


Wholesale Gridseed boxes:


Top Shelf:


Next Shelf:


Next Shelf:


Bottom Shelf:


There's even Gridseeds under the desk!!


Thanks to all for a great start! Even though it was frustrating at times, we enjoyed setting everything up! Please let us know if you have any problems or questions.

Thanks again,

The Smart Hashing Team

In stock units ON SALE ONLY THIS WEEKEND!!!
$184.99 including shipping (only to the USA). There are currently 25 units in stock and they will ship out by the next business day as soon as they are paid for. They come with no accessories, so please be prepared as to making sure you have everything you need. Check out the accessory section of our store or one of the package deals to get an idea of what you'll need.

Batch Status Update:
Batch 1: Ordered on Saturday and received on Wednesday
Batch 2: Ordered on Wednesday and received on Friday
Batch 3: Accepting orders

Quick Delivery:
We're very excited about the quick delivery time of our supplier from China! We feel the wait times listed on our website are very conservative.. only if there is a problem of some type will we need to wait 5-10 business days to get equipment. We just put 5-10 business days so that in case there is a problem, everyone knows that is a possibility from the get go.

Hosting Status:
Most units that are to be hosted and delivered are running. It took us a while, but we now have over 100 running stable. Please bear with us as we bring all of them online, I expect all of batch 1 and 2 to be up and stable by tomorrow. We made a lot of progress today and Easy mode hosting is now pushing upwards of 30 Mh. 

All DIY rigs from Batch 1 are working. Log in is not available at his time, but if you would like to change your pool info or clock speed please contact us.

24 Packs and greater have been removed from the store
After receiving batch 1 we have realized that the Gridseeds/Firmware/Mining Clients have a maximum of about 27 Gridseeds on one Raspberry Pi. All of our prices were figured out using a number of being able to run 49 Gridseeds on one Pi, thus all of our larger packages were affected. We decided just to stick with the smaller packages for now, but if you are interested in something bigger we can certainly make it happen. After building a large cluster for our hosting clients, we are well aware of the logistics involved with starting a large farm.

Batch 1 partial refund:
Because were so awesome, we are refunding you the difference in between our original batch 1 price and the actual price we paid for it. Although we are committed to seeing this through and making out customers happy, please bear with us as we are still extremely busy. There are more hosted units to be sent out, DIY mining mode needs to be setup and the network secured, a couple packages to test and ship out on Monday, order new accessories that we are running low on.. The list literally goes on and on. We promise to get refunds done as soon is convenient and after all of the immediate priorities like getting people up and hashing are taken care of.

Thank you all!

Up to 25 working on one Pi now. 32 working now... it's time to go for the gold... 49+...  

I apologize this is taking so long. I got done hooking everything up and there was a short in the system... I had to unhook everything and now I'm adding units 4 at a time to find the faulty connection. I am making progress though. Thanks for being patient.

DIY guys I'm not going to have log in setup until tonight, sorry about that. Please PM me pool info and I will get you setup as soon as I can.

Thanks

Maybe.. PM me what you're interested in. I'll only ship to verified Paypal addresses.

Well, I pulled an all nighter. It is safe to say I underestimated the amount of time it would take to put everything together. Cable management alone for 100+ gridseeds is a logistical nightmare. Not to mention trying to get as many as I can on one Pi is proving challenging, but I think I can get it. I'm chugging along.. I expect to have everything running later today. I'll update you guys as there is news.