iBelink DM11G - 10800mhs x11 miner - sold out

[bittawm]

Beijing Tiannengbo Information Technology Co., Ltd.

地址:北京朝阳区太阳星城金星园甲 6 号楼 2022 室 邮编:10028 电话: 010-56855974

RM.2022 Bldg. A6, Jinxingyuan, Taiyangxingcheng, Chaoyang District, Beijing, China Postal Code:10028 Tel: 010-56855974

www.dualminer.com , www.ibelink.co

1

iBeLinkTM DM11G SALES CONTRACT

Buyer: Contract NO:__DM11G-P000

Seller:_Beijing Tiannengbo Information Technology Co., Ltd.,___

This contract is made by and between the sellers and the buyers, following the relevant guidelines

and laws of the People's Republic of China; whereby the sellers agree to sell and the buyers agree

to buy the undermentioned goods according to the terms and conditions stipulated below and

overleaf:



(1) Name of the Commodity(ies) and Specification(s):

Name of

Commodity

Brand Model Unit Quantity Unit Price

(USD)

Sub. Total

(USD)

Shipment Deadline & Quantity

Month Day Year Quantity

X11 Cloud

Computing

Terminal

iBeLink DM11G Pcs 100 $4,998 $499,800 07 31 2017 100

Summary 100 $499,800

Total Amount (USD): Four Hundred Ninety Nine Thousand and Eight Hundred Dollars

* Technical Specs are shown in Appendix I.



(2) Product Quality Standard: Based on sellers' internal technical guidelines and passing CE &

FCC qualifications.

(3) Packaging Standard: Foam & cardboard boxes.

(4) Shipment Deadline: Sellers plan to ship the goods (FOB at Factory) on or before July 31st.,

2017. Buyers must have paid in full the Total Amount (indicated above) before the shipment time.

(5) Acceptance Procedure: Upon receiving the goods, Buyers must conduct acceptance tests

within 10 days. If any discrepancy is found during the acceptance test, Buyer must inform Seller

within 15 days. Failure to report product discrepancy will cause delay in the full operation of the

equipments.

(6) Payment Term and Timeline:Upon signing this contract, Buyer should pay for the

deposit (50% of the Total Amount): $249,900. Sellers expect to receive the fund on or before

April 30th, 2017 to guarantee the allocation of the goods in the 1st Batch. Before Shipment

北京天能博信息科技有限公司

Beijing Tiannengbo Information Technology Co., Ltd.

地址:北京朝阳区太阳星城金星园甲 6 号楼 2022 室 邮编:10028 电话: 010-56855974

RM.2022 Bldg. A6, Jinxingyuan, Taiyangxingcheng, Chaoyang District, Beijing, China Postal Code:10028 Tel: 010-56855974

www.dualminer.com , www.ibelink.co

2

Deadline, Buyer must pay for the remaining balances to avoid any shipment delay.

(7) Penalty

(a) Sellers' Failure in Delivery :

(i) If Sellers provided goods with discrepancy in Brand, Model #, quality and specifications,

Buyers could choose to use the product with appropriate compensation from Sellers or simply

return the goods and receive full refund.

(ii) If Sellers fail to deliver by the Shipment Deadline, Sellers will pay for penalty of 0.1% per

day on the delayed part of goods to Buyers; If delay over 20 days, Buyers can request to void this

contract and asking for full refund. Sellers should carry out the refund without any delay.

(b) Buyers' Failure in Responsibility:

(i) If Buyers fail to receiving the goods, Sellers may request penalty of 0.1% per day for the

delayed part of goods.

(ii) If Buyers attempt to void the contract unilaterally, Buyers should compensate Sellers with

the appropriate loss. Buyers may not get full refund of the deposit.

(c) Any Party to change the contract with respect to quantity, specifications and Shipment

Deadline should seek agreement from the counter-party 15 days in advance. Unless new

agreement is achieved, this contract will be enforced in full in its original terms.

( Product Warranty: Sellers provide 90 days of product warranty to Buyers. If Buyers caused

damage of the product due to inappropriate use (such as over clocking) or handling during

warranty period, Sellers will not be responsible for the repair under the warranty terms.

(9) Technical Services: Sellers is responsible for providing technical support and consultation

for Buyers regarding the use of the products. Questions on purchased goods should be replied

within 3 business days.

(10) Force Majeure: Neither party will be held responsible for the fulfillment of the contract due to

Force Majeure. Negotiation is the means to minimize any damage due to Force Majeure.

(11) Arbitration: Any disputes arising in connection with the Contract or the execution thereof

shall be settled by amicable negotiation. In case no settlement can be reached, the case at issue

shall then be submitted for arbitration to the China International Economic and Trade Arbitration

Commission in accordance with the provisions of the said Commission. The award by the said

Commission shall be deemed as final and binding upon both parties.

(12) Price Adjustment: When Sellers open its international sales through its websites, if the

initial listed price on Sellers' official website is below the current pre-order price, Sellers will

lower the pre-order price to match the web order price.

(13) This Contract will be effective upon signing by both parties. Two identical copies

will be provided , with one for Buyers and one for Sellers.

北京天能博信息科技有限公司

Beijing Tiannengbo Information Technology Co., Ltd.

地址:北京朝阳区太阳星城金星园甲 6 号楼 2022 室 邮编:10028 电话: 010-56855974

RM.2022 Bldg. A6, Jinxingyuan, Taiyangxingcheng, Chaoyang District, Beijing, China Postal Code:10028 Tel: 010-56855974

www.dualminer.com , www.ibelink.co

3

Buyers: Sellers: 北京天能博信息科技有限公司

Beijing Tiannengbo Information Technology Co., Ltd.,

Address: Address:北京朝阳区太阳星城金星园甲 6 号楼 2202 室

RM 2202, Bldg. 6A Jinxingyuan Taiyangxingcheng

Chaoyang District, Beijing, China

Executive Name: Executive Name: Jun Zhu

Signature or Seal: Signature or Seal:

Position:____________ Position:____CEO_____________

Phone: Phone:___+86 181-3638-6138_____

Bank: Capitola Branch 909

1995 41st Ave

Capitola, CA 95010

USA

Citibank Account Number: 205203565

ABA/Routing Number: 321171184

SWIFT Code: CITI US 33 (required for

International Transfers)



Company BTC Wallet Address:

(BTC-USD Pricing based on Coinbase quotes)



Company Dash Wallet Address:

(Dash-BTC Pricing based on Poloniex quotes)

北京天能博信息科技有限公司

Beijing Tiannengbo Information Technology Co., Ltd.

地址:北京朝阳区太阳星城金星园甲 6 号楼 2022 室 邮编:10028 电话: 010-56855974

RM.2022 Bldg. A6, Jinxingyuan, Taiyangxingcheng, Chaoyang District, Beijing, China Postal Code:10028 Tel: 010-56855974

www.dualminer.com , www.ibelink.co

4

Appendix I. Technical Specifications

 Hash Function: X11

 Hash Rate: 10.8 GH/s ±5%

 Power Consumption: 750 W (at the wall, with 25°C ambient temp)

 Power Efficiency: 0.07 J/MH (at the wall, with 25°C ambient temp)

 Number of TNB0303 chips per unit:64

 Operating Temperature: 0 °C to 40 °C

 Network Connection: Ethernet

 Power Supply: 110V to 240V, 50Hz/60Hz

 Certifications: FCC, CE

 Dimensions: 490mm(L)*350mm(W)*180mm(H)

 Weight: 21kg

[1714134091]

1714134091

[maleemk]

50 percent is ok by me.I would like to send BTC.

[Searing]

50 percent is ok by me.I would like to send BTC.

Looking a bit better...with 50% down....but are we anywhere near 100 units?...or will they cut us a break due to bitcointalk group buy?
and our 'cheerleader' efforts?

You'd think they'd cut us a break on numbers...just to get the word and hype out, etc, etc

[MrN4body]

i might be in for one but i need to know how legit this really is at the end. W/o a serious confirmation im out

[unsoindovo]

where is organized this group by???
USA???
EU???
Or elsewhere??
i'm really interested but i'm in EU
let me know plz...

[Chan8]

I have just spoken with the manufacturer (not a reseller) for about 30 mins.

they will send us any verification we require and we are organizing someone to view the machine in Beijing tomorrow

they will sign an agreement and hopefully the directors can be personal guarantors for the whole deal.

we have to reach this target by 30th of this month to be in

What are the payment terms, and contract terms?

[coinut]

@bittawm

great work, put me down for min 3 max 5

I will buy if I'm satisfied that the product actually exists (legit) a review from a trusted member would be a bonus and reviews from more than one member is extra points.

Thanks for you work in getting a group together for the order bittawm



 

[Chan8]

Whats the total amount reserved atm?

[lenart_o]

I'll will take 2
please update list 

[Chan8]

10 for sure here.

[philipma1957]

So 100 x 2500 = 250,000 upfront.

needed by april 30th.  And no one has reviewed the model  to see how it works.

Searing has mentioned more then once  this looks like old school asic ripoff.

I have been in the game before Asic's and there are so many red flags here it is amazing.

for 2500 I can have a three card 1080 ti  gpu rig up and running in 2 days.  it would do  around 2000h at zec  and use 650 watts

it will earn 14 usd a day  10 cent power  would be 1.60 a day so it would net 12.40 a day 100 days from now  you would have


1240 back.  and warrantied gear in hand . If you buy into this in 100 days you will need to send 2500 more and if you are lucky have gear in hand.  and it works as advertised.  so you would be out 5000 hoping coin price and diff allow for return of the 5k.

Above is the good case scenario .


This is really high risk.  I smell a BFL or a KNC be carefull.

Now I will be the first to say the other x-11 asic I said don't buy  and I was wrong . So  I could be wrong here.



But I am buying nvidia and mining zec.  My balls have shrunken a bit with age.

Good luck to you all that buy this.
 

[Chan8]

So 100 x 2500 = 250,000 upfront.

needed by april 30th.  And no one has reviewed the model  to see how it works.

Searing has mentioned more then once  this looks like old school asic ripoff.

I have been in the game before Asic's and there are so many red flags here it is amazing.

for 2500 I can have a three card 1080 ti  gpu rig up and running in 2 days.  it would do  around 2000h at zec  and use 650 watts

it will earn 14 usd a day  10 cent power  would be 1.60 a day so it would net 12.40 a day 100 days from now  you would have


1240 back.  and warrantied gear in hand . If you buy into this in 100 days you will need to send 2500 more and if you are lucky have gear in hand.  and it works as advertised.  so you would be out 5000 hoping coin price and diff allow for return of the 5k.

Above is the good case scenario .


This is really high risk.  I smell a BFL or a KNC be carefull.

Now I will be the first to say the other x-11 asic I said don't buy  and I was wrong . So  I could be wrong here.



But I am buying nvidia and mining zec.  My balls have shrunken a bit with age.

Good luck to you all that buy this.
 

The asic will be reviewed tomorrow, quoted by bittawm.

[Lujhtoshi]

The asic will be reviewed tomorrow, quoted by bittawm.

Where will be reviewed ? Can u send the link please ?

[Chan8]

The asic will be reviewed tomorrow, quoted by bittawm.

Where will be reviewed ? Can u send the link please ?

*viewed in person.

[Searing]

So 100 x 2500 = 250,000 upfront.

needed by april 30th.  And no one has reviewed the model  to see how it works.

Searing has mentioned more then once  this looks like old school asic ripoff.

I have been in the game before Asic's and there are so many red flags here it is amazing.

for 2500 I can have a three card 1080 ti  gpu rig up and running in 2 days.  it would do  around 2000h at zec  and use 650 watts

it will earn 14 usd a day  10 cent power  would be 1.60 a day so it would net 12.40 a day 100 days from now  you would have


1240 back.  and warrantied gear in hand . If you buy into this in 100 days you will need to send 2500 more and if you are lucky have gear in hand.  and it works as advertised.  so you would be out 5000 hoping coin price and diff allow for return of the 5k.

Above is the good case scenario .


This is really high risk.  I smell a BFL or a KNC be carefull.

Now I will be the first to say the other x-11 asic I said don't buy  and I was wrong . So  I could be wrong here.



But I am buying nvidia and mining zec.  My balls have shrunken a bit with age.

Good luck to you all that buy this.
 

My problem beyond all this is the timeline is too tight as well.

ASSUMING it is legit..you also have the issue of delays..no asic mnfg has EVER delivered less then 1 month late (even KNC)

it's a pre-order

on the other hand....I kinda NEED the 25% off equip depreciation ..it looks this year...thus instead of a 5k risk to me it is a 4k risk
in that even if I get ripped off I can take 25% off taxes paid in revenue...which again ..this year ...raining unicorns is an issue

So man, people are gonna really really have to step up with a review of a protype that does the hash, has more then a 35 day or silly
warranty (the last miners these guys made were more then touchy I heard)

lots of eggs in 1 basket...for 2 frigging days

IF they gave us more time ..and/or did not care about the 100 limit..because they wanted the cheerleading effect of a group buy to push
further product...lots of stuff they could do ..to hold our hands and limit our risk to the usual suspects...of timeline moved on a pre-order.

I took this chance in 2013 and it worked with a knc Jupiter 550gh miner......I took this chance with a knc Titan and got it 6 months late
and it did not ROI for like 1.5years (sheesh...damn they are evil ...unkillable) ...alpha tech scrypt (burnt but got money back)....etc

So hell, if we had more time, if they did not care if we met the limit of 100 after the meeting/review, then the only issue is usual am
I dumb to get a pre-order, will it work, will they deliver on time, what is the warranty like.

I'm stupid to even think of a pre-order after all this time (not a newbie) but if I'm gonna crap shoot...I want the same rules I've had in the past asic gambles.

my 2 satashoi's worth (also drank the bfl kool aid in 2013..got my 8k back by a fluke 1 year plus later....so I speak from a certain expertise on 'stupid pre-orders')

(man that last statement is a bit too true for my ego)


edit: the 90 warranty is not all that great either (as I read thru the blurb on this again) As an example KNC's 300mh scrypt-pow Titan Firmware did not work the first 2 months of the 3 months
and they stopped any new firmware updates around that 90 day mark to boot...as an example)

[VoskCoin]

We aren't even close to 100 units?

[Chan8]

Im sure they are willing to extend a bit more time for pre orders.

[ayoungtech]

Would like to update my desired quantity to 2. With payment being sent via BTC.

Thank you.

[maleemk]

We aren't even close to 100 units?

We are very close to 50 already.
And I am sure that some of us may add to our purchase numbers. So if we reach 85 than remaining 15 are no big deal.

[newtybar]

In for 1 unit, if proven legit.  This seems somewhat too good to be true. 

Can this miner be used for different coins in the event of a DASH free fall?