New Miner X5 on BitFury 16nm chips

[philipma1957]

you can buy 7    s-7's for about $5200  and get them in 1 week.  add in 800 in psu's and you spent 6000 and get to mine from march 4 th to sept 4th

with 32th of hash.  the economical calculations are just not in favor of your gear.  for 6400 I want it  in about 1 month  not six.

dude no one forces you to buy anything so you can STFU

The Ukraine is like the scam/hacking leader of the world.

do you have statistics or something to prove your words?
i bet they will ship from china but let's wait for ukrcoin to elaborate on this

Okay I will do just that.

I love how someone with extensive knowledge and know how makes a very sensible argument, and a nobody goes full retard on him.  Absolutely nothing in retort besides telling him to shut up.  It always amazes me how more ballsy people get behind the veil of the internet.

Good call Phil, these are overpriced for where they are at in development and the risk involved with sending money to people who have yet to prove they can make a miner.  Although I am not buying gear until after the halving anyway, if I was, I would take the Bitmain stuff now over a promise in six months.

EDIT:  NVM, he clearly has a vendetta against Bitmain based on looking through his post history, probably an alt of someone.

I edited my post to reflect my bitfury purchases.  I would also tell the company that avalon6's work.  I purchased 3 on feb 22nd for 3.6 btc about  600 usd each.

so 1800 for 9500th  and 200 for psu's = 2000 or 2100 for 9500th  and I am mining as I type.

here is link  for the 3 avalon6's https://bitcointalk.org/index.php?topic=1371807.0


The sad part is I want the bitfury gear.  But not on a six month preorder at a crazy high price with a ½ ing in between now and delivery time.

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[Mitak]

You are not exactly right.
I do not know the details, but most probably the chips order from bit fury would take 2-3 months.
The risk that this integrator takes is big and they are trying to secure sales .
The thing is that the pre order market is over long ago back in 2013-14 and only integrator with good own or investors money can do the game

[KNK]

The thing is that the pre order market is over long ago back in 2013-14 and only integrator with good own or investors money can do the game

I think that is the exact reason why Bitfury asks for 1M - you, me and many others are capable of designing a miner (hell i even have the schematic ready and just waiting for the proper 250nm pinout and chips footprints to make the PCB) , but can't produce it in volume without preorders, because i don't have the funds for that.
Once the info and chips are available i will definitely make a miner for myself or maybe even few more for friends that know me and are ready to risk their money and wait (if some parts are delayed), but few will cost more per miner than in volume and a paying customer would demand to get in time what he paid for.
Advertising September is a good way to secure that you will deliver in-time and "Hot-water boiler" is not a miner and targeting different market, that needs hot water, not BTC

[rockyforever]

Not sure why we are even supporting this when we have two reputable members, sidehack and kilo, putting together there own project that is made for the community. This is another scam that popped up almost immediately after sidehack/kilo posted their plans.

can we lock this post? They can't even answers questions and direct them to the website. Everyone is answering questions using speculative responses.

[sidehack]

Didn't someone from Bitfury back up their claim a bit? And wasn't this actually posted a couple days before kilo publicly announced the plans for a bitfury-based S1 swap? I'm not saying it's not a scam, just make sure your evidence is valid if you're going to say it is.

[philipma1957]

Didn't someone from Bitfury back up their claim a bit? And wasn't this actually posted a couple days before kilo publicly announced the plans for a bitfury-based S1 swap? I'm not saying it's not a scam, just make sure your evidence is valid if you're going to say it is.

yes bitfury backed them up. 

I do not think they are a scam.

But the linked website is for a sept preorder.

 that is a long way off  with a ½ ing inbetween.

I would love to buy the boiler for hot water on the link, but 6400 up front and wait until sept is simply not for me.

[rockyforever]

Didn't someone from Bitfury back up their claim a bit? And wasn't this actually posted a couple days before kilo publicly announced the plans for a bitfury-based S1 swap? I'm not saying it's not a scam, just make sure your evidence is valid if you're going to say it is.

On February 13th you mentioned that Bitfury liked your ideas using the chip under this thread https://bitcointalk.org/index.php?topic=1354434.20 . This post started February 17th, just seemed a bit suspicious to me. Didn't mean to jump to conclusions but when questions are asked they are not answered but directed to the website.

Reading the above posts it seems Bitfury did acknowledge this is a valid miner but as Philip asked and stated many times (never was answered and one member telling him to "STFU"), the preorder is too far out for that price. Just don't want members paying for a preorder and never receiving the products like we have seen so many times especially with individuals that don't have any past or present reputation on these forums.

[sidehack]

That's fair. I had forgotten about the mention in the other thread.

[ATCkit]

Didn't someone from Bitfury back up their claim a bit? And wasn't this actually posted a couple days before kilo publicly announced the plans for a bitfury-based S1 swap? I'm not saying it's not a scam, just make sure your evidence is valid if you're going to say it is.

yes bitfury backed them up. 

I do not think they are a scam.

But the linked website is for a sept preorder.

 that is a long way off  with a ½ ing inbetween.

I would love to buy the boiler for hot water on the link, but 6400 up front and wait until sept is simply not for me.

My understanding is the  Antminer S5 upgrade be available in May. I just got a PM from the OP confirming this.

I think it's the various Boiler products which won't be available until September. I agree that may be a bit late. However, some people may see it as good way to have hot water or heat their house while earning some Bitcoin. I guess time will tell.

[depthsofsun]

http://images.yuku.com.s3.amazonaws.com/image/pjpeg/97b1579976f7921b4eba732e60d49859ad955c4.pjpg

Unless there is a reseller in the US I won't be touching these. The Ukraine is like the scam/hacking leader of the world.

And US is like a war Empire that helped Putin to start war here in Ukraine. So what?

This is clearly a scam.

Well it is clearly NOT  a scam.

https://news.bitcoin.com/ukraine-hotmine-smart-bitcoin-miner/

You guys should check the facts. Only because some companies like Bitmain are holding the delivery or not returning payments you cant claim EVERY company is a scam. Especially when this company is from Ukraine. We have a war in Ukraine going so sorry no time for inventing Bitcoin scam empires.

[Unacceptable]

Unless there is a reseller in the US I won't be touching these. The Ukraine is like the scam/hacking leader of the world.

And US is like a war Empire that helped Putin to start war here in Ukraine. So what?

This is clearly a scam.

Well it is clearly NOT  a scam.

https://news.bitcoin.com/ukraine-hotmine-smart-bitcoin-miner/

You guys should check the facts. Only because some companies like Bitmain are holding the delivery or not returning payments you cant claim EVERY company is a scam. Especially when this company is from Ukraine. We have a war in Ukraine going so sorry no time for inventing Bitcoin scam empires.

Riggghhtt  

Gotta be legit,noobie says so 

[depthsofsun]

Look how many articles I have translated and wrote for Russian-speaking community.

http://bitnovosti.com/author/captainplatinumbeard/

Do you really think Im a newbie in Bitcoin just because of some stupid member ratings on this particular forum?

[sidehack]

Without any other references than the member rating on this forum, yes this forum will assume you're a noob.

[Unacceptable]

Tell ya what,you go & video this device working (& a realtime instance of the miner software being used) & in the video hold a newspaper with the date clearly visible & a personal message to me on a separate piece of paper (I'll PM you what to write on it),then MAYBE I'll believe this device exists.

That still won't prove this device is going into full production though & all preorders will be fulfilled........................

[toptek]

We have a war in Ukraine going so sorry no time for inventing Bitcoin scam empires.

you really can't blame them for saying your place is the scam capital of the world , IVE had some dealing selling stuff there i trusted the buyer and ended up paying the CC company,the CC he used was stolen and  because i did not do the sell the right way i ended up paying for it . that was a few years ago .

[depthsofsun]

Without any other references than the member rating on this forum, yes this forum will assume you're a noob.

OK. Buddha smile.

We have a war in Ukraine going so sorry no time for inventing Bitcoin scam empires.

you really can't blame them for saying your place is the scam capital of the world , IVE had some dealing selling stuff there i trusted the buyer and ended up paying the CC company,the CC he used was stolen and  because i did not do the sell the right way i ended up paying for it . that was a few years ago .

Hi man, sorry to hear that, but basically any country is a scam capital. Just look at USA and its Ben Bernanke Show.

I suspected that financial system is not real when I was 15. My parents STILL believe they use ''real money''. Ben did his homework good (or my parents just too stupid).

Tell ya what,you go & video this device working (& a realtime instance of the miner software being used) & in the video hold a newspaper with the date clearly visible & a personal message to me on a separate piece of paper (I'll PM you what to write on it),then MAYBE I'll believe this device exists.

That still won't prove this device is going into full production though & all preorders will be fulfilled........................

If I will send you the video with a paper and any text you'll ask to write, will you order one?

[philipma1957]

The problem is not that you will deliver the gear.
Not that the gear works.
Not that the gear works at 3300 watts for 32 th.

Not that the gear comes on time.

Let's pretend all of the above happens.

It means I have to wait until sept 15 or or sept 25.

So I send you 6400 used or 16 btc. And I wait not 1 not 2 or 3 or even 4 months I wait 6 months.

I can buy 9 s-7s with psus for 6400 and have them in six days.

That is 40th in six days or 32th in six months.

So the better chip is a six month wait.

The lesser chip comes in 2-3 months.  So I get a boiler in June .

I believe in your product and I believe it will ship.

But the deal on the money end does not seem good due to the long wait.

[depthsofsun]

Hm. Im not a good technologist so I wont speak for the guy who is responsible for such calculations. I'll consult him and write you the answer. ok?

[Unacceptable]

Without any other references than the member rating on this forum, yes this forum will assume you're a noob.

OK. Buddha smile.

We have a war in Ukraine going so sorry no time for inventing Bitcoin scam empires.

you really can't blame them for saying your place is the scam capital of the world , IVE had some dealing selling stuff there i trusted the buyer and ended up paying the CC company,the CC he used was stolen and  because i did not do the sell the right way i ended up paying for it . that was a few years ago .

Hi man, sorry to hear that, but basically any country is a scam capital. Just look at USA and its Ben Bernanke Show.

I suspected that financial system is not real when I was 15. My parents STILL believe they use ''real money''. Ben did his homework good (or my parents just too stupid).

Tell ya what,you go & video this device working (& a realtime instance of the miner software being used) & in the video hold a newspaper with the date clearly visible & a personal message to me on a separate piece of paper (I'll PM you what to write on it),then MAYBE I'll believe this device exists.

That still won't prove this device is going into full production though & all preorders will be fulfilled........................

If I will send you the video with a paper and any text you'll ask to write, will you order one?

The "proof" is not for me,it's for the "preorder" folks/public.Post the vid on youtube so all can see 

Phil is spot on also 

I am not mining BTC anymore,home mining BTC is dead.BTC has been taken over by "mining corporations",so in my eyes it's done 

Just a matter of time before the "mining corporations" really screw it up by doing something detrimental to it...if they haven't already.

Buying BTC from an exchange,you need a bank account,I have none. Buying BTC from Localbitcoins is way over priced,mining was the best way of getting them......& it's not viable anymore.

[64dimensions]

The problem is not that you will deliver the gear.
Not that the gear works.
Not that the gear works at 3300 watts for 32 th.

Not that the gear comes on time.

Let's pretend all of the above happens.

It means I have to wait until sept 15 or or sept 25.

So I send you 6400 used or 16 btc. And I wait not 1 not 2 or 3 or even 4 months I wait 6 months.

I can buy 9 s-7s with psus for 6400 and have them in six days.

That is 40th in six days or 32th in six months.

So the better chip is a six month wait.

The lesser chip comes in 2-3 months.  So I get a boiler in June .

I believe in your product and I believe it will ship.

But the deal on the money end does not seem good due to the long wait.

Let me pile on.

All of the above plus:

1) A bad quirk in the design.

2) Uneven manufacturing quality.

Both 1) and 2) showed up in BITMAIN's S7 and they are "experienced" in this line of work. This is devastating to the ROI of a small miner.

3) Suppose something bizarre happens in the intervening 6 months to bitcoin such that it makes no sense in investing in miners?

4) Suppose your company goes out of business in 6 months?

You haven't made a good case for the customer to assume a ton of risk. Especially since you will no doubt be a late comer to the market.