Doubling the current difficult would require the additional usage of 26,9565 Bitman S5 ($413 plus PSU plus extras $600) units or their equivalent alternatives.
That's a major flaw in your argument. The next generation of 28nm ASICs from ASICMiner, BitFury and Sponddooies all promising less than 0.2 J/gh will be available soon. All those companies have 16nm plans (as does KNC which has apparently already taped out) for later this year as well. Those 16nm ASICs are expected to use around 0.05 J/Gh making them 10x more efficient than an S5.
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Here's a list of legitimate cloud mining services:
AMHash Bit-x Genesis Mining Hashnest KNC Cloud MegaMine
All except MegaMine are operated by or in partnership with the ASIC manufacturers.
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...
I notice yet another ponzi in your sig.
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We refunded for the spec miss. (BMT had an issue with PSUs on the first batches of the S4 as well)
From what I remember, there was a lot of fuss about the compensation not being adequate. Also, the SP20s initially had a problem with boards coming loose during shipping because they wasn't secured properly. Like Philip said, everyone has had some form of issues.
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Are you maybe on Mozilla Firefox?I got the same problem.
That's how it looks for me when I don't allow javascript to run.
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Until some evidence of legitimacy is provided, they're not a cloud mining service at all. They're some shady person/group that refuses to provide evidence of legitimacy that you handed money over to and they drip-feed it back to you. That sounds exactly like a ponzi to me.
When they provide pictures of their DC, the miners they use and proof that they actually have the hashing power they claim, then they can claim to be a cloud mining service. Until then, they're just another ponzi.
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I lucked out getting a contract when they we still offering 5 year contacts, so I think I got the best option that there can be for cloud mining. That will hold me over until my living conditions change and I can mine again.
Unless this company has free electricity (which it obviously does not) then no miner in existence will last 5 years, you'd be very lucky if the most efficient current gen miners are profitable for another 6 months, never mind 5 years. 5 years contracts are a blatant lie, and only scammers have advertised such nonsense. Your contract will end this year - one way or another.
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How long was Madoff's ponzi running for? Payouts are no proof of legitimacy. I'll ask again, what have Eobot done to prove their legitimacy. Have they shown that they actually have 2 Ph/s like they claim? Have they shown pictures of their DC and hardware? Have any ASIC manufacturers confirmed that they've sold Eobot any miners? They've done nothing as far as I know.
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Why, because some newbie says so? What have they done to prove their legitimacy?
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Here's a list of legitimate cloud mining services, which you'd already know if you bothered doing any research:
AMHash Bit-x Genesis Mining Hashnest KNC Cloud MegaMine
All except MegaMine are operated by or in partnership with the ASIC manufacturers. They're pretty much certain to carry on because new contracts will be created as new miners are created.
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Those 2 companies would have fixed the issues in days not months.
I doubt it. Each miner needed thorough testing which would mean letting it run for a good amount of time. When you've got thousands of miners to test, it's obviously going to take a while.
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I know you are a fan of AM, but lets be serious. They did eventually buy them back after months of us bitching and dealing with some fires. During the months we waited we got 0 responses from them...plus they were late in shipping with no updates. Many people like myself were shipped non working controllers or controllers that could only do 1 pool? The lack of quality and support was pathetic.
Edit: I will agree they did the right thing and all, but the experience left me with a bad taste in my dealing with AM. I even gave them the benefit of the doubt when I was shipped a dead Tube and tried a Prisma a couple months later. With companies like Bitmain and SP-Tech shipping higher quality gear and being responsive...who would want AM gear again?
Like I said, they have crappy customer service but the question wasn't about customer service or any of the other issues you mentioned. The question I'm talking about was who "cares most about its customers". AM fucked up big time with the Prismas but they cared that much about accidentally screwing over their customers that they bought them back for the original price paid for them, despite months of mining on them. Would Spondoolies or Bitmain do that? Spondoolies wouldn't even give their customers fair compensation when their pre-orders didn't live up to expectations and the initial price of the SP20 was a total ripoff. Like I said, AM is clearly at the top of the list when it comes to "caring for their customers". As for who would want AM gear again, the answer to that is pretty much everybody interested in making a profit. If AM put out a non-problematic 0.2-0.4 J/Gh miner next month at a good price, you'd have to be a major fanboy to chose an SP20 or S5 instead. As proven by your comment, the answers to this poll are not based on facts or logic but emotions. This whole ordeal was flawed to begin with and damn shady from Guy, especially coming not long after that review spam. And then there was the spreading of lies in other manufacturers threads a few months back. For example, in the AM thread, he posted that he "knew" that FC was selling chips at cost which FC denied. Guy is good at providing customer service for Spondoolies but I reckon his actions on this forum have been a bit shady so far.
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So KNC taped out 16nm. Will they beat AM to production? They got $15M in funding so I'm guessing the batch they churn out is going to be massive.
You're not taking into account the cost of a 16nm mask. That's going to be considerably more expensive as are the wafers themselves. Look at KnC's 20nm offering, it was way overpriced and less efficient than some 28nm offerings. I reckon their 16nm offering will also be an overpriced stinker. I'm more concerned about BitFury's and Spondoolies' next gen chips than KnC's. Also, TSMC has been having problems with 16nm and its been delayed by 3-6 months.
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I can't believe AM did so bad in the caring for customers departments. They may have shitty customer service but they clearly care about their customers as evidenced by the Prisma buy back program. In my book that puts them straight to the top of that list. If there was a profitability question, it would probably also put the Prisma straight to the top of that list too.
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I have a few of my own unopened replacement units available for purchase on ASICPuppy.netI apologize if I'm coming across poorly, but I wanted to note that I take issue with the verbiage; "Running at a max of 1.47 th/s, the prisma averages 0.8 watts per gh, making it one of the most efficient miners on the market."Considering 0.5-0.6W is "the norm" with Bitmain and SPTech, I thought this was a little bit dishonest. Claiming that 0.5-0.6 J/Gh is "the norm" with Bitmain and Spondoolies is also dishonest. Unless you significantly underclock the miners and thereby significantly increase the cost per Gh, the only product in that range from either of those companies is the S5.
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Havelock has always been like that. You get used to it.
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You betcha 20 - 20 hindsight is a magnificent thing ... especially when it's applied now.
You don't need hindsight, just common sense, something you clearly don't have. There is something drastically wrong with the well your thinking works, which makes you invest in all these scams despite getting ripped off all the time. Look at you bloody signature you idiot, you're advertising another ponzi. Yeah, bloody oath my signature is another ponzi scheme ... I'll happily make some coin out of dumb fuckwits that want to invest in coindouble .. gimme gimme gimme ... Genesis Mining is for serious folks ... you one of them or just another full of piss and vinegar that wants to bag everything while you ... whatever it is you do ? Well, I just left you negative feedback for trying to get people ripped off by referring them to a blatant ponzi - coindouble.
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You betcha 20 - 20 hindsight is a magnificent thing ... especially when it's applied now.
You don't need hindsight, just common sense, something you clearly don't have. There is something drastically wrong with the well your thinking works, which makes you invest in all these scams despite getting ripped off all the time.Look at you bloody signature you idiot, you're advertising another ponzi.
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Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.
If you have anything legitimate to say, then why not just say it instead of dicking around.
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If you design a miner from current gen chips then it's going to be obsolete by the time it comes to manufacture it. Bitfury may already have 0.2 J/Gh chips and AM's will be out this month if everything is still on track (they were actually about a week ahead of schedule getting sample chips). Spondoolies said their next gen chip will be significantly better than 0.2 J/Gh.
You're almost certainly better off waiting and getting some of the next gen chips.
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