NuMiner (new manufacturer) - are they legit?

[joeshiesty]

Yesterday a new ASIC miner launched a machine, NM440, that is supposed to do 440 EH/s with a lower cost than currently available miners.

Does anyone know if these guys are legit? Seems crazy that the machine is 3-4x more powerful than anything from Bitmain.

https://numiner.com/nm440/

[NotFuzzyWarm]

Absolute rubbish, doing 444THs - no problem, just use more chips and bigger PSU's.
Using 75% less power per TH -- bullshit.

Ya may want to checkout the folks they (say) they are selling to conned into buying the 1st ones https://sphere3d.com/ and I have no doubt that Sphere is the main group behind this.  Looking at Sphere's Investor Relations page just leads to more and more red flags about the whole thing.

To save a lot of needless rehashing of Speculation, here is the main part of a discussion about them we had in the KanoPool Discord room last night, the real meat starts at 9:22 mark:

Kano
 —
Yesterday at 8:00 PM
LOLOL not really too happy about promoting a scam 🙂
It clearly is when they claim they are involved in asic design with tsmc
the domain is less than a year old, yet they designed and implemented the fastest asic on the market and got tsmc to make them 😄
complete bullshit
netghost
 —
Yesterday at 8:02 PM
I like this quote "NuMiner’s solution utilizes reconfigurable AI chips to dynamically adjust the calculation target to maximize profits."
Kano
 —
Yesterday at 8:03 PM
lol - translation: "lets throw in some random bullshit that proves we have no idea what we are talking about to make people think we are smart since most people wont understand that's a lie"
Though even with their ridiculous claims, how you gonna plug the needed 8880W into these things 😄
(444TH 20J/T)
So over 9kW at the wall 😛
netghost
 —
Yesterday at 8:06 PM
You beat me to it...
Kano
 —
Yesterday at 8:07 PM
Can you get them in pink with a cat girl on the side?
BH30317
 —
Yesterday at 8:16 PM
Yeah, looks way sketchy
Delivery by q2 of this year? Doubt it lol
Kano
 —
Yesterday at 8:19 PM
lol - it is a scam - zero doubt
BH30317
 —
Yesterday at 8:20 PM
All the Twitter news picked it up and yahoo did too lol.
Kano
 —
Yesterday at 8:20 PM
So? The world isn't full of idiots?
😄
BH30317
 —
Yesterday at 8:20 PM
Oh I know, I’m laughing about it
The “green” and “environmental” promo always stinks of scammers
1.7b to build this thing and they probably won’t be able to deliver it.
Kano
 —
Yesterday at 8:21 PM
I guess the fun part will be 2 things: 1) more chance of people giving them money (that they will certainly lose) but 2) more chance of back lash - the fun part 🙂
(due to the twit/yahoo stuff)
Oh I filled out the order page for 60k miners jihanwu@bitmain.com 🙂
fa jaime
 —
Yesterday at 8:27 PM
On LinkedIn, 1 employee = CEO.  Start date February 2022
Kano
 —
Yesterday at 8:28 PM
Fun part is the lain guy is real - he did work for blackberry and the tyre place. I wonder if he even knows his face and name is on the site 😄
netghost
 —
Yesterday at 8:30 PM
ILooks to me like they picked names that are common. Only one seems to have crypto history Kevin Wu. And I bet it isn't the SVP of crypto.com
Kano
 —
Yesterday at 8:35 PM
Oh Lain's image was uploaded to the site in Dec 😛
Guess they didn't think of spending more than $10 on wordpress for their $1.2b company 😄
lamagra
 —
Yesterday at 8:43 PM
they should have named it, Theranos 2.0
Kano
 —
Yesterday at 8:44 PM
Looks more like an Alienware GPU with random attachments
i.e. make all the Eth retards think it's real
lamagra
 —
Yesterday at 8:46 PM
lol
Wavelength
 —
Yesterday at 8:51 PM
thats like a wework space
Kano
 —
Yesterday at 9:02 PM
well we do already know they are a scam, so posting more links about them isn't ideal ...
(as I mentioned at the start)
Wavelength
 —
Yesterday at 9:14 PM
i dont get why you'd have a mining company and put some business person as the face of it and not the engineering team
like who cares where the CEO worked unless he's got hardware engineering background
Kano
 —
Yesterday at 9:15 PM
Well, they don't have a mining company is the reason 🙂
FuzzyWarm
 —
Yesterday at 9:22 PM
well they sorta do. The company they are selling to, Sphere 3D, https://sphere3d.com/ supposedly has been around since 2014.
Kano
 —
Yesterday at 9:23 PM
Well bad luck for them then since they'll get nothing 😛
FuzzyWarm
 —
Yesterday at 9:23 PM
That said, the specs of 4x the hash rate -- fine. Just use more chips and aLOT bigger supply. As for 75% less power -- bullshit.
Kano
 —
Yesterday at 9:24 PM
Um the fact that they posted something completely false about mining (that I mentioned) is the most obvious giveaway
But $1.2b company with a $2 wp site ... right ... gotta be real 😄
FuzzyWarm
 —
Yesterday at 9:25 PM
ja. Just curious how a NASDAQ listed company (Sphere is ANY) got involved with what sounds to be a scam miner.
Kano
 —
Yesterday at 9:26 PM
... they got scammed ...
or they did the other likely thing - thought they'd make money out of the scam
FuzzyWarm
 —
Yesterday at 9:27 PM
bingo
Kano
 —
Yesterday at 9:27 PM
most people are simple to persuade with $
netghost
 —
Yesterday at 9:27 PM
Yh the share price seemed downward
Kano
 —
Yesterday at 9:28 PM
crypto version of 'buy this share for 1c it will hit $100 fast'
(which is excessively common on the stock exchange)
Or the more obvious link - the basic idea of every altcoin
FuzzyWarm
 —
Yesterday at 9:32 PM
Sphere's Investor relations page just inspires SOOOO much confidence... https://sphere3d.gcs-web.com/ 🤣
They are tied in with Core Scientific as hosts but again -- pretty dodgy stuff IMHO
Wavelength
 —
Yesterday at 9:36 PM
32 EH - we should get them to mine here
i bet this pool is better written than whatever they'd run internally
Kano
 —
Yesterday at 9:37 PM
No thanks, don't want any involvement with an imaginary mining company that's out to scam everyone
Wavelength
 —
Yesterday at 9:38 PM
"Based on current delivery schedules, the Company will receive 12 pre-production NM440s for final evaluation and testing to completed on or before June 1, 2022. Upon the successful completion of the final evaluation and testing, deployment will consist of 1,000 miners in June 2022 and approximately 10,000 NM440’s per month from September 2022 to February 2023. Under the terms of the agreement, the Company is also granted an option to acquire an additional 26.4 EH/s of production at the same commercial terms as well as the exclusive right of first refusal on all future NuMiner products and software enhancements."
they paid in stock
so they had to file it with the US SEC: https://sphere3d.gcs-web.com/node/14326/html
Kano
 —
Yesterday at 9:39 PM
sigh it's all bullshit - they also said delivery in Q2 ... so durrr - that doesn't match
I should write a web page that says my pool makes $100b a day ... then everyone can quote it ...
FuzzyWarm
 —
Yesterday at 9:41 PM
Crypto Enron. Shuffle the funding around enough and then say, "Of course we are making money! You just don;t understand High Finance..."
Kano
 —
Yesterday at 9:42 PM
(but with a * at the bottom ... b = beans)
FuzzyWarm
 —
Yesterday at 9:44 PM
Like the 1st part of the SEc filing:

    " the proposed merger transaction (the “Merger”) in which Sphere 3D will acquire all of the issued and outstanding capital stock of Gryphon Digital Mining, Inc. (“Gryphon”). To effect the Merger, Sphere GDM Corp., a Delaware corporation and a wholly-owned subsidiary of Sphere 3D (“Merger Sub”), will merge with and into Gryphon, with Gryphon surviving under the name Gryphon Digital Mining USA, Inc., as a wholly-owned direct subsidiary of Sphere 3D, and Sphere 3D will issue common shares in exchange for all of the issued and outstanding capital stock of Gryphon, pursuant to the terms of an Agreement and Plan of Merger, dated June 3, 2021, as amended on December 29, 2021, by and among Sphere 3D, Gryphon and Merger Sub."

 
WTF? is that supposed to mean?
Wavelength
 —
Yesterday at 9:46 PM
they're going to print more shares to pay for it and wish their share price was 11x what it was again
FuzzyWarm
 —
Yesterday at 9:46 PM
Talk about a lot of double-talk...
Peter owns Paul but is buying Paul to merge Paul with Peter but to pay for buying Paul, Peter is going to issue more stock for the New Peter (Peter/Paul) for Investards to purchase...
Kano
 —
Yesterday at 9:48 PM
Well there's the other obvious scam "In June ..." so if they can fake the share price up now, it could last until some time after june when the idiots who didn't spot the obvious now, might realise the complete lack of 444TH miners is a hint it was a scam
Wavelength
 —
Yesterday at 9:49 PM
this company is so deep in debt it's crazy.
Kano
 —
Yesterday at 9:49 PM
This is the whole issue with BTC vs Fiat. The idea that if it's BTC it's likely a scan, if it's fiat it must be real. .... Hmmm .... but the Fiat scams have been around for thousands of years ...
Wavelength
 —
Yesterday at 9:51 PM
yeah - this is a typical white collar scam
Kano
 —
Yesterday at 9:51 PM
All those people running altcoin scams ... where did they come from, where did they get the altcoin scam ideas from ... the fiat world of course 😛
FuzzyWarm
 —
Yesterday at 9:51 PM
yep
Wavelength
 —
Yesterday at 9:52 PM
they spent $100m, raised $200m, but lose $6m a year doing business
Kano
 —
Yesterday at 9:52 PM
Lambo's are pretty expensive you know ...
Wavelength
 —
Yesterday at 9:52 PM
they certainly aren't spending it on web developers
Kano
 —
Yesterday at 9:53 PM
Yeah they got scammed by some web dev who said he could have a high quality web site up for only $100,000 ... and he did it so quickly 😄
... what does wp mean? ... 😄
lamagra
 —
Yesterday at 9:59 PM
hey guys, im selling my S9SE's custom liquid cooled, hybird turbo cpus... 888TH/kw 10,000$ each minimum order of 1000
xD
kek
Wavelength
 —
Yesterday at 10:03 PM
I will pay you for them in this paper here!
lamagra
 —
Yesterday at 10:06 PM
do i need to make a website too ?
lol
BH30317
 —
Yesterday at 10:13 PM
🤣
yxt
 —
Today at 2:42 AM
core s. is sketchy also
numiner: lol
sphere 3d: super naive or involved
"BTL verified that the NM440 delivers a hash rate as high as 440 TH/s and a power efficiency ratio of 20.2 J/TH."
https://www.bacnetinternational.net/btl/search.php
bring no result. lol numiner is so stupid. but 99% will not even check that
"oh its certificated" lol
FuzzyWarm
 —
Today at 8:32 AM
Oh it just gets better. Yes, BTL is a real performance and interoperability standards company but -- BACnet is a communications standard based on MODbus and is used in the HVAC and building automation industry. http://www.bacnet.org/Bibliography/EC-9-97/EC-9-97.html WTF does that have to do with mining...
lamagra
 —
Today at 8:4
7 AM
Hypetrain and everyone on boarding.. that's all it is @FuzzyWarm t

[Flexystar]

Wanted to publish the same article today as I came across the news regarding this miner. I was so stunned after reading that single machine can produce over 400 TH of power. The machine photo if you checkout is straight out of the sci-fi movie and you can check the same on the article that is linked in reference.

Though the discussion is still on regarding the legitimacy of the miner there is news from coindesk where they stated a deal was cracked by Gryphon mining company with this Numiner firm and they have invested over billion dollars to preorder the Numiner which is miraculously speeding 400 TH mining.

Meanwhile, the bitcoin miner Gryphon Digital Mining’s special purpose acquisition company (SPAC) deal was reported on by Coindesk in mid-November 2021. The publication further covered Sphere 3D’s acquisition of 60,000 mining rigs from Numiner on Thursday. Gryphon tweeted on February 3, and said that the mining operation was “excited at the prospect of working with Numiner as our pending merger partner, Sphere 3D.” Interestingly, Sphere 3D hasn’t tweeted since February 14, 2019.

Full read here: A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device

[stompix]

Right-click on the image , search with google lens, look at results:

Nu miner:



Cerebras CS-1, actual product and not a miner!



Enough? 

[Flexystar]

Cerebras CS-1, actual product and not a miner!
[…]

Lolz. Fairly enough. End of discussion here. I think stompix needs to get on to the panel of juri and tell them how he identified the fake miner. Wondering how they deceived everyone into this story.

I mean I am myself feeling really naive about this after reading your simple two liner answer to the matter.

However, it has got to do something with the Graphic processing anyways. Look at the official website of Crebras and you will find it’s application in the image processing of proteins and viruses clusters.

The site says Cerebras is:

Purpose built for AI, the CS-2 replaces an entire cluster of graphics processing units (GPUs). Gone are the challenges of parallel programming, distributed training, and cluster management. From chip to system to software – every aspect of the CS-2 is optimized to accelerate and to simplify AI work. The CS-2 produces answers in less time.

This could be to put on the impression that it’s advance machine where cluster of GPU is replaced with AI stuff as per official site.

Don’t know. It’s still unclear for me.

Referred here: CEREBRAS

[HagssFIN]

SCAM, SCAM, SCAM.
It's a cheap photoshop vaporware copy.

Not worth to put more of your time on this,
it's time to move on ----->

[Bitcoin_Arena]

What makes matter worse is even the so-called main financial media companies that so many ordinary people look up to like bloomberg.com published such scam on their website
Link - https://www.bloomberg.com/press-releases/2022-02-03/numiner-announces-next-generation-nm440-bitcoin-miners-and-numiner-global-launch

These are the same sites that are so quick on spreading FUD about Bitcoin, especially whenever there is a price drop.

[stompix]

Paid press releases, this stupid thing with PRNewswire, globalwire and all the other useless services like these seriously needs to stop, and all these so-called media outlets need to at least put a damn disclaimer on top of the article, yahoo used to have one now they've dropped and it seems as nobody else cares about it anymore, they just dump it on the websites with no checks.
But what can you aspect from the people who actually published that fake press release from Walmart about accepting litecoin?
And that was #%^#$ Walmart, not some no-name company.

But, the image of the miraculous miner is gone, probably they are photoshopping something else, also you can't really directly order from the website, you have to send an inquiry, probably selective scamming as not to piss the wrong guys?

[NotFuzzyWarm]

...
But, the image of the miraculous miner is gone, probably they are photoshopping something else, also you can't really directly order from the website, you have to send an inquiry, probably selective scamming as not to piss the wrong guys?

heh, on Feb 10 they even went as far as to publicly announce the image was faked.

NuMiner’s original image was drawn for marketing purposes. The Company was recently made aware of a similarity in the product’s image to another product on the market and removed the image from its website.

ROFL -- Just A similarity?
This 'multi-million dollar' company couldn't even hire a technical illustrator to draw their vision of what their unicorn miner *may* look like but instead had one of their kids photoshop a real piece of hardware (the Cerebras) that has nothing to do with mining?  

Gotta love this from their FAQ:

How is the NM440 better than other bitcoin mining technology on market?

The NM440 combines innovative processing technology and design to introduce the world’s most efficient and powerful miner. The NM440’s leading performance and distinctive advantage is powered by groundbreaking proprietary hardware and software.

In not so many words: It's majik and therefore a secret...  

[Bitcoin_Arena]

heh, on Feb 10 they even went as far as to publicly announce the image was faked.

NuMiner’s original image was drawn for marketing purposes. The Company was recently made aware of a similarity in the product’s image to another product on the market and removed the image from its website.

ROFL -- Just A similarity?
This 'multi-million dollar' company couldn't even hire a technical illustrator to draw their vision of what their unicorn miner *may* look like but instead had one of their kids photoshop a real piece of hardware (the Cerebras) that has nothing to do with mining?  

Gotta love this from their FAQ:

How is the NM440 better than other bitcoin mining technology on market?

The NM440 combines innovative processing technology and design to introduce the world’s most efficient and powerful miner. The NM440’s leading performance and distinctive advantage is powered by groundbreaking proprietary hardware and software.

In not so many words: It's majik and therefore a secret...  

It's funny how far the Numiner scammers are willing to go just to try and cover up their scammy asses. What a very stupid sort of reasoning from their Press release. Luck enough, they won't be able to delete this thread  and the archived version of their fake miner listed on their website - https://web.archive.org/web/20220204014705/https://numiner.com/nm440/

[honeyminingcheng]

Yesterday a new ASIC miner launched a machine, NM440, that is supposed to do 440 EH/s with a lower cost than currently available miners.

Does anyone know if these guys are legit? Seems crazy that the machine is 3-4x more powerful than anything from Bitmain.

https://numiner.com/nm440/

no question!~~~~~~SCAM, SCAM, SCAM SCAM, SCAM, SCAM SCAM, SCAM, SCAMSCAM, SCAM, SCAMSCAM, SCAM, SCAMSCAM, SCAM, SCAMSCAM, SCAM, SCAMSCAM, SCAM, SCAM