Is Syan a real deal?

[NotFuzzyWarm]

***  Syan miner is a SCAM! If someone buys their miners without a well-known and trusted Forum User 1st getting one for doing a review and posting it here then well, you have been warned ***

Sound is literally the least important aspect of miner hardware, especially to a company that would like to sell a large quantity of units. One decent sized farm places single orders most likely equal to an entire years worth of solo purchases from home users. There is no money to be made

What matters is price, efficiency, 30/60/90 day failure rates, and the ability to buy in bulk with reasonable shipping times.

Also, Syan is still saying all the wrong things if they are in fact a legit company. They offer a FIVE YEAR warranty on mining gear? How many color guard troops waving red flags does it take to clue people in?

Can't hurt to try and see if they're legit. If they're new to the mining scene they might just be inexperienced with everything, but lower sound could still be a small plus, even if it's not a huge bump up in sales. I do find it a little strange they aren't willing to distribute any units for review, though. Even one Hotmine gave out a few units of their Bitfury miner for review, and we all know how elusive those things are.

Exactly.
Once again to repeat the 'How to prove they are a REAL miner maker' Mantra:
a. Do the Tradeshow route to get (legit) press coverage of one running to show the general public you at least built something and have a working design. There are BTC trade shows running several times a year all around the world. Once again, that is where Hotmine first showed their miner to the world and what led to Haggsfin bugging them to do a review. Worked very well for them

b. Start an official Syan thread here for announcements and LEGIT press coverage links -- NOT Pay-for-Placement PR releases who's only verification is that the customer's check to their PR agency cleared the bank as payment for the 'news release' being distributed..

c. Solicit very-well known reputable users here to do a review of it with the usual conditions: Send it to them gratis, they do a yay/nay/meh review of it with pictures and screenshots. After a week or 2 of testing the reviewer will then either return it or if they really like it - pay for the one they were sent. Proven reviewers are NOT looking to 'get a free miner'. They are looking to prove a company actually can make a product that works. After ther review it WILL either be returned or then paid for. Providing demo units is a MARKETING EXPENSE and in no way a risk to the manufacturer.

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[philipma1957]

Sound is literally the least important aspect of miner hardware, especially to a company that would like to sell a large quantity of units. One decent sized farm places single orders most likely equal to an entire years worth of solo purchases from home users. There is no money to be made

What matters is price, efficiency, 30/60/90 day failure rates, and the ability to buy in bulk with reasonable shipping times.


Also, Syan is still saying all the wrong things if they are in fact a legit company. They offer a FIVE YEAR warranty on mining gear? How many color guard troops waving red flags does it take to clue people in?

while sound may be unimportant to large farms.  this company is specifically looking to bring mining back to miners in house.

https://syanmining.com/

but this came today

http://www.abnewswire.com/pressreleases/syan-technologies-vega-bitcoin-miner-opens-for-business_150148.html

OCTOBER 9, 2017 BY ADMIN
Syan Technologies’ Vega Bitcoin Miner Opens For Business
The Vega Home Bitcoin Miner from Syan Technologies went on pre-sale at 9AM on Monday 9th October, two weeks ahead of schedule. Customers can expect delivery of their new units in mid to late January, though Syan anticipates that many prospective buyers will be disappointed due to the unprecedented interest generated by the new machine.
“We have just under 1200 units available to the public in this batch, and are limiting customers to 5 machines per order to try to service as many individual customers as possible; but we’ve had so much interest already I fully expect batch 1 to be sold out within the week, possibly within a couple of days,” said Koji Tanaka, Syan Technologies’ project manager and spokesperson speaking from the group’s new Hong Kong facility. “We’ve also had many requests for larger numbers of machines for farm use, but have been unable to accept their orders. I’m currently trying to pull forward the production schedules for batch 2. Quite frankly we didn’t expect such overwhelming interest so soon. We’ve done very little marketing – our new machine speaks for itself I think. We’re hoping to get our hands on the first real production model within the next few weeks and already have a number of units lined up for demonstration and review purposes. We’re all working hard here to keep everything on track, and so far we’re succeeding.”

The Vega Home Bitcoin Miner is the first machine in the Vega series of currency miners, incorporating Syan’s new 14nm ASIC STA1220 chip and delivering 13.5TH/S and an efficiency ratio of 0.078 J/GHs, a good 20% better than its nearest competitor, the Bitmain Antminer S9. The retail price for the new machine is US$1,895.00 plus shipping. Syan also have a SCRYPT miner in the pipeline though no performance, release date or price details are available as yet.

Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.

For further information please go to www.syanmining.com

Media Contact
Company Name: Syan Technologies Limited
Contact Person: Samuel Cornwell
Email: Send Email
Phone: +852-2861-8794
Address:Yen Sheng Centre, 64 Hoi Yuen Rd.
City: Kwun Tong
State: Hong Kong SAR
Country: HongKong
Website: https://www.syanmining.com

[jimmy_007vn]

I wouldn't send my money to unknown miner company in the far west. someone need to test it first

[NotFuzzyWarm]

***  Syan miner is a SCAM! If someone buys their miners without a well-known and trusted Forum User 1st getting one for doing a review and posting it here then well, you have been warned ***
And unfortunately they, the WSJ, CNBC and several other legit news site also readily published the Bullsh** PR's for Foxminers and others scams. Seems they just publish what the PR agencies send them and never look into the companies.

[philipma1957]

And this is most likely not a place for anyone to put money into.

If they are real you are not going to know it since they now want 2k up front for Jan 2018 delivery.

My thoughts are I don't need the gear.

I have s-9
I have Avalon 741
I have Avalon 721
I have gpus.
I have gear in the solar array.

I put in an order today they want 158 to ship and 1895. So 2053

To bad.  Wish them luck

[leowonderful]

And unfortunately they, the WSJ, CNBC and several other legit news site also readily published the Bullsh** PR's for Foxminers and others scams. Seems they just publish what the PR agencies send them and never look into the companies.

Shitty writers gotta make money somehow. Most of the writers are terribly inexperienced with crypto in general and they don't see these miners the same way we do, unfortunately. I just hope people grow brains and actually research miners before purchase, which a lot of people don't do and fall for scams like the Foxminers and other vaporware.

[philipma1957]

And unfortunately they, the WSJ, CNBC and several other legit news site also readily published the Bullsh** PR's for Foxminers and others scams. Seems they just publish what the PR agencies send them and never look into the companies.

Shitty writers gotta make money somehow. Most of the writers are terribly inexperienced with crypto in general and they don't see these miners the same way we do, unfortunately. I just hope people grow brains and actually research miners before purchase, which a lot of people don't do and fall for scams like the Foxminers and other vaporware.

I think they know exactly what they are doing.
It gives all crypto-coins a bad name  if they report a scam.


Sooo  fill in the dots.

[Vyazhan]

Sound is literally the least important aspect of miner hardware, especially to a company that would like to sell a large quantity of units. One decent sized farm places single orders most likely equal to an entire years worth of solo purchases from home users. There is no money to be made

What matters is price, efficiency, 30/60/90 day failure rates, and the ability to buy in bulk with reasonable shipping times.

Also, Syan is still saying all the wrong things if they are in fact a legit company. They offer a FIVE YEAR warranty on mining gear? How many color guard troops waving red flags does it take to clue people in?

For home-miners, noise is literally the most important aspect next to efficiency, especially to a company that specializes in serving home-miners, a market that is completely and utterly untapped into...

Having said that, just tried to order more than 5 miners (as they said the limit was in this dubios press coverage) and it was no problem. Of course, I didn't go through but it might be worthwhile to notice that it's 158$ for shipping no matter how many you order, kind of strange

[philipma1957]

Sound is literally the least important aspect of miner hardware, especially to a company that would like to sell a large quantity of units. One decent sized farm places single orders most likely equal to an entire years worth of solo purchases from home users. There is no money to be made

What matters is price, efficiency, 30/60/90 day failure rates, and the ability to buy in bulk with reasonable shipping times.

Also, Syan is still saying all the wrong things if they are in fact a legit company. They offer a FIVE YEAR warranty on mining gear? How many color guard troops waving red flags does it take to clue people in?

For home-miners, noise is literally the most important aspect next to efficiency, especially to a company that specializes in serving home-miners, a market that is completely and utterly untapped into...

Having said that, just tried to order more than 5 miners (as they said the limit was in this dubios press coverage) and it was no problem. Of course, I didn't go through but it might be worthwhile to notice that it's 158$ for shipping no matter how many you order, kind of strange

They did not get back to me Once again  I stress :

 zero proof it exists
 2k out of pocket
 jan delivery

vs bitmain s-9

it exists
1.3k out of pocket
nov delivery

or avalon
800   well buy 2 so 1700 out of pocket
nov delivery.

While I am a gear junkie  and I have had so many different pieces of gear.
I won't risk 2k for this.

I am well established here  having escrowed more then 100,000 usd with zero issues
I have sold more then 50,000 usd in gear here either  gently used or new.
My trust is really good.
So I will not chase gear from new builders.

I always offer them to take a demo  model and run a long thread.
After 2-3 weeks use I return it or buy it.

Did this with pandaminer  and said I like it and purchased it.
Pandaminer did a lot of sales and then decided to become a really poor service company. Made a newer model that was not as good.
I then withdrew my recommendation. From them.

I ran a long thread on the spondoolies sp20

I ran a long thread on the avalon 4 ------- nice quiet miner.

[Vyazhan]

I always offer them to take a demo  model and run a long thread.
After 2-3 weeks use I return it or buy it.

I really wish they would send you one to test out. Did you already contact them and did they reply or just straight up ignore you?

[philipma1957]

I always offer them to take a demo  model and run a long thread.
After 2-3 weeks use I return it or buy it.

I really wish they would send you one to test out. Did you already contact them and did they reply or just straight up ignore you?

The emails are above.

To repeat less then a day of email contact and they opened presales two weeks early.

Read those emails and draw your own conclusion as to why they opened preorders early.

Also draw your own conclusion as to why they told me pay for the demo up front.

[ZedZedNova]

I always offer them to take a demo  model and run a long thread.
After 2-3 weeks use I return it or buy it.

I really wish they would send you one to test out. Did you already contact them and did they reply or just straight up ignore you?

They can't send Phil what they don't have.

[oscargate]

I always offer them to take a demo  model and run a long thread.
After 2-3 weeks use I return it or buy it.

I really wish they would send you one to test out. Did you already contact them and did they reply or just straight up ignore you?

The emails are above.

To repeat less then a day of email contact and they opened presales two weeks early.

Read those emails and draw your own conclusion as to why they opened preorders early.

Also draw your own conclusion as to why they told me pay for the demo up front.

That seems questionable at best.  They stand to make $10-100mm/year and can't sacrifice $500 (likely unit cost?) to etablish a reputation in the community?

I've been a fan of your reviews and purchased $10k worth of Avalon 741 (great units btw) based on your recommendation.  

Syan seems penny wise and pound foolish.

[fvineyard]

As I see it, someone will take a chance and will order these, demo units or not.

If it is real, and performs close to what is advertised, they will sell as many as they can produce.

We do not know what the interest level is other than those who post here and are skeptical (count me among those). You may also count me among those that will kick myself for not taking a chance if it does in fact play out.

I will wait and see

[NotFuzzyWarm]

***  Syan miner is a SCAM! If someone buys their miners without a well-known and trusted Forum User 1st getting one for doing a review and posting it here then well, you have been warned ***
I for one will NOT kick myself...
Anyone who went through the hardware-hell of 2013-14 and remember the likes of BFL, Bitmine.ch/AMT, Hashfast, and many other screwup/scam operations - some of whom btw actually did eventually produce some (crappy) hardware - are more than content to wait for proof of product. Only then will we part with our $$

I am sure there is great interest among those who think a pay-for-publication PR spiel in cryptocoin news or other site talks about a real product. The scammers COUNT on that.

[fvineyard]

I do not disagree with you 

[qctechno]

A interview from Bitsonline.com

https://bitsonline.com/syan-technologies-koji-tanaka/

True R4 replacement if spec meet what they claim.
Watercooled and nicely designed.

I will gladly move from Bitmain if this come to market,
I can't unlock my Bitmain account ...
I don't receive SMS phone confirmation, support don't answer or close my ticket.
They don't have any respect for customers / miners 

[Sandal_Hat]

I've been emailing the customer support to ask about the next batch and the payment options. here is their response:

Thank you for writing.
PSU, board and chips all come with a 5 year warrenty for defects.
I can fully appreciate your concern. I have also been mining for a number of years and I'm fully aware that many companies have failed to deliver. It is always a concern with a new company.
Our preferred payment option is obviously BTC since we aim to support the network wherever we can. However, we also will be accepting fiat payments via our escrow provider.
If you have any doubts at all, you could always wait and place an order for batch 2.
Please let me know if you have anymore questions.
Best regards,
Clive.
 

5 years? Really?
Hmmm also, doesnt vega sound like AMD to u

Also if the chip is 25% more efficient than the current best in class S9 you would think they would be plastering advertisements whereever they could. They could completely take over the bitcoin hardware game if these machiens were legit.

 The S9 isn't best in class - Bitfury was showing similar efficiency to what Syan is claiming on their demo - and there have been "upgrades" to both GF and TSMC processes since then that make the efficiency claims of the Syan unit reasonable.

 That doesn't mean they are NOT a scam - it just means that *IF* they are a scam, they're a well thought out scam.

 They're also not the first company to come "out of nowhere" with a new miner - a few of which have proven to be legit....

U managed to buy any of that bitfury?

[philipma1957]

last set of emails  are here.


Presales
PA
PHILIP A






 
Today, 11:34 AM
Support - Syan Technologies Ltd. (support@syanmining.com)
  Too bad  but if you can't do this I will not be doing a review.  You need to understand  your company is asking a lot from the mining company. Sending  2k usd to a company that has shown no proof of product. No Track record. In an industry where
non-existent companies have ripped off eager buyers time and time again. I was looking to promo your gear at no cost to you.
I am a proven entity that has done 100,000 to 200,000 in business across hundreds of buyers.  My ebay and paypal accounts are well established for more then a decade. Long before any crypto mining ever existed. This is my feedback on ebay

https://feedback.ebay.com/ws/eBaylSAPl.dll?ViewFeedback2&userid=philipma1957

  I am looking to do a free promo for you.  I simply will not risk sending you BTC upfront.
I don't send btc to companies looking to break into the business. If you are not comfortable with  that  I can offer to send you  paypal for the 2k my paypal account is under philipma1957@live.com  send an invoice to me  and I would buy it with paypal since I would have protection under paypal.  You are the new kid on the  block not me.  To repeat I do not want a free piece of gear.  But I want it sent to me at no risk on my part. Since you are no more then a website with not a single photo of working gear.

Best regards Philip A.

#####################################
########################################

 Support - Syan Technologies Ltd. <support@syanmining.com>






 
Today, 10:37 AM
You
Hi Philip,

I noticed that you had added a unit to your cart.

As I said, it's impossible for us to ship you a unit free of charge. As I said in my last email, we will refund the full amount including shipping if you do not wish to keep the unit after you have finished your review.

Best regards,

Clive.
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

For me it is simple enough> I have a 14 year eBay account with a long 10 year plus paypal account.
I offered to pay with paypal.  Which protects me.
I linked my eBay account with  1600 plus feedbacks all positive.

So they would be at zero risk and be paid upfront.
I would get paypal protection if they have issues.
I would give them a long review with a direct comparison to the s-9 and the avalon 741.  At no cost to them.

Maybe they get back to me.  Maybe not.

But just remember as soon as this thread got going with a few of us emailing them.  They opened pre-sales at 2k a pop  a full 2 weeks early.

they refuse to give a demo at no cost to them.
 they provide no demo or film of a working model.
they are pretty much a phantom for working gear yet they are willing to take your money.

I have the ability to buy gpus and mine off coins making a profit.
I can also buy avalon 741's  from a seller that delivers.
I can also buy antminer s-9's from bitmain direct.
 I have 3 paid orders as I type of s-9's due in Nov and Dec
I just got 3 avalon 741's shipped to me.
I have a solar array deal.

 I do not need to buy gear at risk.
buying gear at risk is the worst idea I can do.

It would be the most likely way for me to lose money .

If they offer to sell one for the review and allow paypal payment I will do that.
Which is what I can offer.
I have offered to do this for panda miner
for li's dragon miner's
and a few other items.

[sidehack]

Hey remember that time when I made my first miner? Hardware dev completely out of pocket, posted actual pictures of the things, and then shipped out 8 test units to different people completely free of charge and waited for them to post reviews and opinions before taking in a dime on sales? If one guy on a shoestring budget can do it, a company with enough R&D backing to get a 14/16nm chip to market can do it.

Even if the thing's real, that unwillingness to bend just a little bit in a way that would help themselves (by helping potential customers) drastically is pretty unacceptable. What other "standard policies" are they gonna hide behind when someone comes asking for some help?

Honestly, even without sending out test units, their scam would be greatly improved if they even tried to manufacture and photograph a single machine. It's really a good thing most scams are done by people who are okay at setting up a website but lack the skills to build anything in the real world.