It's apparent to me that this guy set this up so he can get a few people pumped about it, and then try to sell off his giant pre-mine stash for actual BTC.

Patrike... send you a DM. Please check when you get a chance.

No worries, I'm sure you've got your hands full. Soon as you've got that locked in, I'll start mining.

Hey great job man! Good luck!

This is a junk coin man... save your time.

They're under attack until a fork on the 11th of March. Should resolve the issue then.

Next time I'm in town... let's grab lunch. Shoot me a PM here.

Nice! That sounds great!

My Mac wallet is taking forever to sync after having been off for a few days. I'm on the most recent version (3.1.0.0)

Thoughts?

Keep your eyes on this thread and I'll update everyone as things move along.

It sounds like the places you were looking at just had insufficient power. That's why, for us, it was important to find a place that has at least so much power onsite already, and we're only going to pull the trigger on a place that has an easier path towards eventual upgrades.

I'll give you two examples of places we've passed on just to help illustrate how we're looking at it:

- Spot #1 had 300 amps of 220v electricity readily available, and there was another 50amps of 220v we would wire into a sub-panel for less than $700 in work. Sweet. But... the transformer that fed this building was over 1,500 ft away. Cost to pull in additional electricity from that transformer was over $11,500 and would have resulted in an additional 500 amps of service total. Beyond that, the cost to upgrade the transformer would have been on us, and would have been over $26,000. So good start... but upgrade paths not so good.

- Spot #2 had over 700 amps of 220v electricity onsite, but it was basically capped there. Costs to do ANYTHING beyond it were well over $50,000. Forget it.

The spot we're looking at now has a considerable amount of power onsite, and its own transformer on site which can be replaced to effectively double the capacity. Beyond THAT, the power lines run less than 60 feet from the property, so going beyond an upgraded transformer would be much much less expensive.

If you can find a place that has a solid start and affordable upgrade options, its worth seeking it out. Thats why we're willing to take awhile getting THIS part right, because once we get in there, we know we're set for the period of time we want to be set for.

Thanks for the note. Couple of thoughts from my perspective:

1) Setting this up primarily for my own private group of miners. Outside hosting for other folks will be something we add-on if we're sure we can do it in a reliable and trustworthy way, and in a fashion that doesn't require a giant customer service commitment. Hosting for outside customers would be on a limited basis, and something we grow into slowly so we can void all the hassles we've been reading about here.

2) Leasing commercial property isn't something new to me. My current business leases space in two states, and possibly a third in DFW (unless we find a space that can house hosting and office space together, which is unlikely). Our search is for properties that have at least two years' worth of our projected power need onsite already, and with an easier upgrade. We're doing ALL of that investigative work up front, so when we ink the lease we know what it has, and we know what it will take to add-on more, so there's no surprises or limitations later.

3) Our goal is to use this space to grow the business and mining operations over two years so that we can purchase a commercial building of our own later on, and have a lot more flexibility beyond that. We'll also be able to better project how big of a building we want at that point.

Baby steps. But all very intentional, and very well planned out.

You said the value is "over $200" but you show a screen shot of a coupon for $200. How is it over $200?

Sent you a PM yesterday...

Ahh cute... the old blame the customer routine. That's a great way to score points with the rest of us. Treat the guy like shit publicly.... sheesh.

I don't even think you need to apologize for your suspicions man. They brought a lot of it on themselves. Despite the secrecy, they came off very cocky and uncaring... which fosters more suspicion.

The one thing I've learned in my short time here is that you have to realize what folks here have been through. Some of the paranoia comes off very harsh and unfounded, until you take a step back and look at all the crazy stuff the folks in the community have been through. Halong, at the barest of minimums, hasn't been very sensitive to that. At least until now.

I'm just happy to see it come to fruition. As has been said so many times here... if its real... the competition is much needed, and I think in the end everyone wins with another serious ASIC player in the marketplace.

Fascinating developments.

Despite my initial qualms about this miner, it appears more and more likely that this is the real deal, and I’m relieved for all those guys who’ve prepurchased them.

Devs... the music industry is my 9-5. We should talk.

L3+ is $1,400 right now at Bitmain, not sure anyone is gonna justify spending an additional $1,100 to buy yours...

Sorry to hear about your experience with Gigawatt.

The only striking difference I can see is that the font is bold on the Innosilicon version and not on the Halong one.

So frustrating how closed off they’ve been.

I recently stated.... but sharing again since you're newly taking over... I'm down to begin mining on this coin and jump in to help... as soon as you have a MacOS Wallet. I'm told they're relatively easy to compile... but I'm no coder and don't know the ins and outs.