Is Syan a real deal?

[bitcoinguy140]

From a businessman's perspective.  If they spent all this time and effort on research, sourcing chips, creating a new product that mines more efficiently.  Why would they then turn around and resell this to the public?  Doesn't make any sense whatsoever.

When Bitmain creates a miner they dont put out press releases and tell the public about it.   They secretly mine with it for some time, and then you get a press release saying, XX miner is available for preorder, its new and here you go.  They can prove they have beta tested it and used it for some time(while making a lot of that coin). 

So by someone saying they are making a new product which will just immediately be released to the public, makes absolutely no sense.

So fundamentally, this has scam written all over it.

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[sidehack]

Actually, if you're just starting out and looking to recover your investment quickly you do want to sell to the public. Mining takes months to break even, plus the operating cost of power and maintenance. If you can convince someone to pay you a lump sum for the machine, you get paid right now and someone else foots the risk of trying to pay the gear off over the next year.

Also some people don't want to compete with their own customers, they'd rather just get quality gear to people that want it.

Not saying anything about Syan, just that there are different philosophies on how to run a business and not everything that doesn't immediately make sense against your philosophy is automatically evil.

[bitcoinguy140]

I think in general the companies who succeeded in selling the mining hardware started out mining themselves before selling.  You create a product which can influence the market, and you can mine very quickly for the ROI.

I think you would have a hard time convincing investors to invest in creating a differentiator that you would just go and resell to the public.  Look at bitfury for example.

[sidehack]

One of the reasons I don't have investors or shareholders and never will - nobody to convince about much of anything.

[Sandal_Hat]

Can someone help me tell notfuzzywarm to please remove me from his ignore list. I was a newbie then and I did not mean to argue with him...
I rather not have such things sigh. I think he cannot see my pm

[promojo]

LOL @ 5 year warranty....   New company?   RIIIIGHT....

[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 ***

Can someone help me tell notfuzzywarm to please remove me from his ignore list. I was a newbie then and I did not mean to argue with him...
I rather not have such things sigh. I think he cannot see my pm

Been there seen it, don't care. Most of the time folks earn the ignore button from the nature of questions they ask vs differences of opinion. Sorry but I rarely respond to PM's from anyone aside from a few select members here as most of the time answers to questions asked are already here in the general Forum if folks just take the time to look/search. If it is the rare new question: Post it in the Forum so others can benefit from answers.

[Scrappy Do]

Website was created in July of 2017, so a very new company. I would probably wait to see for a long while. They don't mention their hashrate or anything, be cautious when you spend any money on here.

 Actually they do...

Hashing power: 13.5 TH/s
Power consumption: 1050w
J/GHs:   0.078
Cooling: Liquid cooling with 1x Rear fan @6200rpm
Chips: 190 x STA1220
Dimensions: 300mm(L) x 175mm(W) x 135mm(H)

 I am by no means defending them as I hae been burned about as hard as anyone. (60k usd to blackarrow/technobit, 40k USD to litecoingear)

 I truly hope they are for real because as it stands, they are the bitmain killer. Sadly, it is not looking that way.

Scrap'

[philipma1957]

Website was created in July of 2017, so a very new company. I would probably wait to see for a long while. They don't mention their hashrate or anything, be cautious when you spend any money on here.

 Actually they do...

Hashing power: 13.5 TH/s
Power consumption: 1050w
J/GHs:   0.078
Cooling: Liquid cooling with 1x Rear fan @6200rpm
Chips: 190 x STA1220
Dimensions: 300mm(L) x 175mm(W) x 135mm(H)

 I am by no means defending them as I hae been burned about as hard as anyone. (60k usd to blackarrow/technobit, 40k USD to litecoingear)

 I truly hope they are for real because as it stands, they are the bitmain killer. Sadly, it is not looking that way.

Scrap'

Yeah they are not real if they were they would post some proof.

[Sandal_Hat]

LOL @ 5 year warranty....   New company?   RIIIIGHT....

Yep, thats the biggest red flag for me too lol.
These scams nt gonna stop unless they start getting prosecuted imo.

Can someone help me tell notfuzzywarm to please remove me from his ignore list. I was a newbie then and I did not mean to argue with him...
I rather not have such things sigh. I think he cannot see my pm

Been there seen it, don't care. Most of the time folks earn the ignore button from the nature of questions they ask vs differences of opinion. Sorry but I rarely respond to PM's from anyone aside from a few select members here as most of the time answers to questions asked are already here in the general Forum if folks just take the time to look/search. If it is the rare new question: Post it in the Forum so others can benefit from answers.

I see. Noted, will do

[Thetaj]

Its because many of us got scammed enough to actually put aside our rivalry as miners (news flash, we're all in this boat together) and actually try and prevent shit like this from happening in the future.

[bussumseheide]

This rear side image https://asset.conrad.com/media10/isa/160267/c1/-/de/1169075_ZB_00_FB/cooler-master-haf-stacker-915f-pc-gehaeuse.jpg?x=520&y=520 is almost identical to the vega miner mockup

[br1mcoin]

So,

this company is using a PC casing, place the PSU and hashboard inside. Pretty neat design.
but surely not a Bitmain killer.

[philipma1957]

So,

this company is using a PC casing, place the PSU and hashboard inside. Pretty neat design.
but surely not a Bitmain killer.

it does not exist.  by their own emails  they have one in a lab.  they refuse to photo it  or  show a hashing page for it.

[edrich]

Could 190 chips+ liquid cooling+ powersuply even fit into the miner's 300mm(L) x 175mm(W) x 135mm(H) dimension?

[br1mcoin]

So,

this company is using a PC casing, place the PSU and hashboard inside. Pretty neat design.
but surely not a Bitmain killer.

Better than what Bitmain's using for sure though. If they get the airflow good and they actually deliver on hashing performance the miner'll actually be pretty decent. Nice to have standard form miners back with regular cases. You could actually reasonably reuse the case if it's legit.

exactly.
The case is good. Perhaps I will get my team to start modifying one.
Easy to do staking on rack. No more "ugly" view of cables everywhere.

[sidehack]

Whole lot of "if" in there though. A company that claims to be a couple years old with a brand-new website, and asking for several metric buttloads of preorder money to build a machine they so far have exactly one of - in a black-box room somewhere it can't be photographed - with their first chip being better than what guys who've been doing it for five years have been able to generate - and everything stuffed into a nice easily-photoshoppable case of illogical form-factor and using plenty of attractive buzzwords in the description. Just saying, there's a lot of "if". Way more "if" than really merits the attention these guys are getting.

[Biffa]

Exactly, I can understand newbie spam accounts filling the thread up with bullshit speculation, but I can't understand someone like leo doing it.

Really all posts should be based from an EXTREME negative perspective on this scam, there is no wriggle room or perhaps or maybe, its just a bullshit scam and should be approached from that angle.

[m_01]

Heard it for first time.but Spec is good...

Hashing power: 13.5 TH/s
Power consumption: 1050w
J/GHs:   0.078
Cooling: Liquid cooling with 1x Rear fan @6200rpm
Chips: 190 x STA1220
Dimensions: 300mm(L) x 175mm(W) x 135mm(H)

[Biffa]

Heard it for first time.but Spec is good...

...Removed bullshit specs...

Did you even bother reading the thread?