Hey guys, just wondering if anyone can access the localbitcoins.com website yet? I have not been able to get it to load since the day it was hacked and i see posts that functionality has been restored to a point, which baffles me.

Any updates would be great.

Does anyone else find it strange that localbitcoins website disappeared today without warning.

Every company, every thread, every anything on this forum attracts the usual suspects to carry on with their trolling banter. In an attempt to separate their nonsense from useful questions and information we are preemptively creating a separate thread for them to conduct their usual antics outside of our main thread.

[We are still seeking a re-seller to cover the EU markets, to inquire please write to admin@CYRminers.com]

CYRious Technologies is announcing the sale of their 1.4 TH/s Bitcoin Miner the CYR-Jackhammer with a pre-order price reduced to $599.00usd for the first 1,000 machines at which time pre-orders will be stopped and the units will return to their $899.00usd price 1 week prior to shipment for the general public.

The decision to fall into the group of “PRE-ORDER” companies was not an easy one but was settled upon to avoid having to seek crowd funding or venture capital funds.  In order to maximize pre-order efficiency and reward CYR has limited their pre-order batch to only 1,000 units in which they will be offering a $300 discount to reward its customers for help during the funding stage.

With the release of the Jackhammer bitcoin miner, CYR aims to put the hash power back in the hands of civilians and away from the big companies who pre-mine with your hardware for months before they ship. They aim to do this by maximizing production numbers to reduce NRE’s and offering a reduced cost to customers to increase affordability and sales.

The heart of the Jackhammer bitcoin miner is 2 of the 28nm Dozer 700GH/s bitcoin mining asic run by its FPGA control board. It’s compact design and 450w power supply make it energy efficient and easily scaled and its USB 3.0 connectivity makes it easy to keep organized across multiple units with a single USB hub.
CYR will be accepting escrow through The Bitcoin Society for pre-orders from bitcointalk forum members only, at the buyer’s expense. For now you will have to use their standard escrow agreement form until they get one drafted specifically for our use.  All other regular orders can be placed through the website.

We are still seeking a re-seller to cover the EU markets, to inquire please write to admin@CYRminers.com

Photo Roll
Website
Trolling Thread
Escrow Link

I have been asked to issue a notice to customers until the web design team gets back into the office on Monday and updates the website. All orders placed through the website are automatically canceled if they are not funded or paid for within 60 minutes of the time the order is created. As there are often several "testing it out" orders with any hardware company and the web interface runs bitcoin-d in the background and generates a new address for each order, to avoid generating multiple addresses which are never used the backed cancels non funded orders after 1 hour and recycles the address after 72 hours.

Legal disclaimer
**CYR Miners and Cyrious technologies is in no way affiliated with or a division of CYRious Software llc.

Q&A edited out of all the troll banter

Since no one is asking the obvious question, I'll do it.

How do you explain the extremely low price? Are you saying other legitimate manufacturers have insanely high margins? Or do you have a new approach that cuts around 70% of your costs compared to the others?

Thank you Tovandnok,

I will try my best to explain it as well as possible, Firstly, the highest expense of manufacturing your own ASIC hardware are the NRE's (non recurring engineering expenses). When a company runs a small production run < 5,000 units they have to spread those expenses across their production run a good example was the hashfast babyjet, less than 1,000 made & very expensive hardware. So by designing a long haul large production run machine (15,000 in just the first batch ) the NRE cost absorbed per unit is less than $5 were most companies exceed $1,000 per unit on their NRE absorption.

Second, most companies make claims ( like delivery dates ) that they know 100% for sure when they make them they cannot meet. They do this to increase sales but it also comes with a cost of legal fees, knowing these fees are coming, many manufacturers build them into the cost of each machine increasing the CPU ( cost per unit )

Next, several companies rely solely on pre-orders to fund 100% of development, and have to squeeze profit out of hype and production. Having to rely on pre-orders for development they cannot accept escrow in most cases. Which means they have to spend fortunes in advertising, PR, and all that jazz. Also built into the cost of each machine.

Lastly, YES, most companies have HUGE margins built into their hardware, not only in cash profit, but in mining with hardware you paid for, some of them (BFL) for over a month.

CYR employees its own Engineers some of which are interns which lowers NRE cost, also with the large production numbers 15,000 units per batch across dozens of batches the cost gets broken down to next to nothing per unit. CYR funded its own development and is only doing pre-orders to slightly offset the first production batch as initial asic samples ran 1.8 Million over budget due to a core issue. Meaning we can accept escrow on about 70% of our pre-orders, removing the need for the over developed website, hundreds of thousands of dollars on advertising, and all the fancy show and glow that the other companies need to do as without doing escrow they need to convince you they are legit before you buy. And lastly CYR is very very very ahead of schedule for their late July 2014 shipping date, so they do not need to figure legal costs into the cost per unit.

I hope that answers your question, and thank you for asking.

Questions:

1Why would you not use a reputable known escrow trusted in this forum?
2Where are the FPGA chips being fabricated / bought from?
3Who designed the FPGA chips?
4Who is currently designing your boards?
5Where will your boards be fabricated?
6How can you account for the lower prices given that board costs run nearly that much as your sales price no matter the chips you use?
7How will these units be cooled?

1: the "most reputable" escrows on this forum are crooks with nothing to lose but a forum reputation in which they can start over with
2: the FPGA's are atmel FPSLIC series
3: atmel
4: they were done in house
5: as with most major components they are manufactured in shenzhen china
6: lower cost is a result of better funds managment and more off the shelf components as well as higher production numbers
7: they have a picture of the cooling unit on the slideshow.
[/quote]

I will do my best to continue to update the original post with the Q&A relevant to the thread so legitimate interested parties dont have to sort through 100 pages of garbage to find answers.