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Author Topic: DragonMint T1 16TH/S halongmining.com  (Read 84072 times)
RoadStress
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March 26, 2018, 03:25:09 PM
 #1581

https://medium.com/@CobraBitcoin/i-think-halong-mining-is-a-scam-682e678928e6

^Seems cobra-bitcoin seems to be calling out ck in this thread and others. Given Cobra is the co owner of this site and CK's notorious censorship policy of this section (I've been a victim myself), I am more inclined to believe Cobra at this point in time....

Don't worry about him. He has been bought by the one and only Roger Ver. Just ignore Cobra!

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nadeaup
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March 26, 2018, 05:44:14 PM
 #1582

Per Telegram -- by Drak - "All March T1 orders should be shipped by Tuesday 28 March" Yeah I know, Tuesday is the 27th... Most people are being told all shipping will occur between today and tomorrow for Batch 1 of DragonMint T1/T16 (same product).

gentlemand
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March 26, 2018, 06:43:32 PM
 #1583

https://medium.com/@CobraBitcoin/i-think-halong-mining-is-a-scam-682e678928e6

^Seems cobra-bitcoin seems to be calling out ck in this thread and others. Given Cobra is the co owner of this site and CK's notorious censorship policy of this section (I've been a victim myself), I am more inclined to believe Cobra at this point in time....

Have you not noticed the ridiculous and incredibly inconsistent behaviour that character's been displaying?

A few weeks back he was calling for an algorithm change to save us from miners. Then he decided BCH, with its one and only miner, was now Bitcoin after all.

Whatever cred was once there is now lost in a fog of doubt and drivel.

E
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March 26, 2018, 07:58:33 PM
Last edit: March 27, 2018, 02:06:04 AM by frodocooper
 #1584

My batch 1 order (Order # 4xx) still shows status "Processing", as it has since I placed the order. I'll post here if that changes.



Moderator's note: This post was edited by frodocooper to remove a quote from a deleted post.
-ck
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March 26, 2018, 09:04:22 PM
 #1585

https://medium.com/@CobraBitcoin/i-think-halong-mining-is-a-scam-682e678928e6

^Seems cobra-bitcoin seems to be calling out ck in this thread and others. Given Cobra is the co owner of this site and CK's notorious censorship policy of this section (I've been a victim myself), I am more inclined to believe Cobra at this point in time....
Censorship policy, that's a good one. We call it following the forum rules, and I'm not the only moderator here and don't recall doing any moderation of this particular thread either. Buuuut if you don't want to believe someone who has a public profile that can be tracked down to their home address that's been on btctalk for almost 7 years and a decade before that in linux kernel development in the public eye and ... all the rest, that's your call.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
HagssFIN
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March 26, 2018, 09:20:02 PM
Last edit: March 26, 2018, 09:50:48 PM by HagssFIN
 #1586

Yeah part of this thread discussion is so stupid,
I don't think we have to suspect -ck's integrity after all the good job he has done for the community.

I think that Halong and MyRig are legit and can be trusted, but I would love to see two things:
I would love to see Halong open that secrecy curtain and act in quite same fashion as Canaan.
I would love to see Phil receive an unit for review* (*typo brainfart fixed). Hopefully they send him one soon.

philipma1957
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March 26, 2018, 09:46:02 PM
 #1587

Yeah part of this thread discussion is so stupid,
I don't think we have to suspect -ck's integrity after all the good job he has done for the community.

I think that Halong and MyRig are legit and can be trusted, but I would love to see two things:
I would love to see Halong open that secrecy curtain and act in quite same fashion as Canaan.
I would love to see Phil receive an unit for receive. Hopefully they send him one soon.

no worries they will.

as for trusting -ck or  someone screaming scam scam scam  I know who I trust. (-ck)

The gear exists and we soon shall see how the service is.  Which is more important since asics are getting closer to the silicon limits.

and I have been deleted from this topic 17 or 18 times and I can post all the messages I am pretty sure -ck was not modding me it was frodo

and most posts were off topic.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Dr.Mann
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March 26, 2018, 10:30:15 PM
Last edit: March 26, 2018, 10:57:15 PM by Dr.Mann
Merited by frodocooper (2)
 #1588

[....] I don't think we have to suspect -ck's integrity after all the good job he has done for the community. I think that Halong and MyRig are legit and can be trusted [....]

I am now convinced that I will receive the DragonMint miners that I ordered in January (Batch 2). The primary reason I believe so is that -ck posted comments in this thread that convinced me. Slush Pool and Jan Čapek's tweets also helped to convince me. (See https://twitter.com/slush_pool/status/977499667985518592 and also https://twitter.com/janbraiins/status/978348386255556608.)

My getting to this place of (qualified) trust in the DragonMint was a long road. I know that -ck is a real person with an established track record. I agree he's done great work for the community, and I trust him. On the other hand, what Halong Mining said -- or, rather, what Halong didn't say -- didn't help me at all.

Having said all of the above, it remains clear that Halong Mining is not operating in the way that legitimate businesses operate for all the reasons I've stated in this thread. Even so, I recognize that, despite all the valid issues many still have with Halong Mining, it may deliver to us a functioning miner. It's a shame that Halong has chosen to operate in this unacceptable manner, because the industry is ripe to see competition against Bitmain. The angst that Halong Mining has caused its customers by outright refusing to provide proof of product, its lack of transparency, and its lack of compliance with business norms is inexcusable. Halong Mining has destroyed its own brand equity. I will absolutely never buy from Halong Mining again.
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March 26, 2018, 11:10:16 PM
 #1589

Best to just wait for units to be shipped and the review. Better to not place any new orders first until all that occurs. It is not like mining is making much profit now. No hurry.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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March 27, 2018, 01:53:01 AM
Last edit: March 27, 2018, 02:06:32 AM by Dr.Mann
Merited by frodocooper (2)
 #1590

Halong Mining claims that the DragonMint is "the worlds [sic] most efficient Bitcoin miner, operating at 16TH with AsicBoost technology inside for greater power efficiency...."

I decided to do the math and concluded that Halong Mining's claim is true as it relates to power efficiency. The DragonMint is 3.47% more power efficient than the AntMiner S9.  

The DragonMint T1 consumes 1480 watts and achieves 16 Th/s.
16 / 1480 = 0.010810811

The AntMiner S9 consumes 1340 watts and achieves 14 Th/s.
14 / 1340 = 0.010447761

The difference in Th/watt efficiency is calculated as:
0.010810811 - 0.010447761 = 0.00036305

The percent increase in improved performance (measured in terms of Th/watt) from that of the S9 to the T1 is calculated as:
0.00036305 / 0.010447761 = 0.034749035  
0.034749035 / 100 = 3.47%

However, let's compare prices. Right now, you'll pay $980 more for a DragonMint T1 over the cost of an AntMiner S9. That's a 53% premium over the cost of an S9.

Current price for the AntMiner S9 (including PSU) is $1864.00.

Current price for the DragonMint T1 (including PSU) is $2844.00.

Is a 3.47% increase in hashing power efficiency justified by paying a 53% higher price over the S9? How efficient is that? You decide.


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March 27, 2018, 02:19:26 AM
Last edit: March 27, 2018, 03:10:01 AM by frodocooper
 #1591

Is a 3.47% increase in hashing power efficiency justified by paying a 53% higher price over the S9? How efficient is that? You decide.

Ahmen.



Moderator's note: This post was edited by frodocooper to correct erroneous quote formatting.

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philipma1957
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March 27, 2018, 03:11:33 AM
 #1592

I got a postal tracking number today that may be the dragon mint or not.

as for price  2800 needs to go lower.

IIRC  the Nov. black friday price was 1500 or less

bitmain dropped s-9 price
avalon dropped 841 price

got to figure the dragon mint will drop price.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Sandal_Hat
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March 27, 2018, 04:56:59 AM
 #1593

I got a postal tracking number today that may be the dragon mint or not.

as for price  2800 needs to go lower.

IIRC  the Nov. black friday price was 1500 or less

bitmain dropped s-9 price
avalon dropped 841 price

got to figure the dragon mint will drop price.

My gut feeling tells me they wont drop it. If they go into a price war with bitmain, they will not win. They have 3 other different algo machines already, of which the decred miner that doesnt compete with bitmain, can be sold for the highest price. It is not like they can sell much now that sha256 algo has been flooded. Sha256 used to make more than Litecoin algo and now it makes less.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
Thetaj
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March 27, 2018, 06:34:16 AM
 #1594

I disagree sandal_hat. I think they will have to drop the price. Basic marketing dictates that. If all your competitors are dropping prices and you're the only one not doing so. You'll go out of business soon. A price war is inevitable at this point. This sort of reminds me of 2015 to be honest. Don't worry, time will tell if Dragonmints will be around.
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March 27, 2018, 06:51:18 AM
 #1595

I disagree sandal_hat. I think they will have to drop the price. Basic marketing dictates that. If all your competitors are dropping prices and you're the only one not doing so. You'll go out of business soon. A price war is inevitable at this point. This sort of reminds me of 2015 to be honest. Don't worry, time will tell if Dragonmints will be around.


Yeah, Bitmain is gonna dump prices big time, IMHO. If it is a price war, Bitmain will win.

they made a lot of $$$ on scrypt-pow mining and not shipping for 4 months...doubled the difficulty..I expect the same type of games on a NEW

Sha-256 Miner by them....there will be a price war...so unless, I'm missing some deep pockets, I too believe that dragonmint prices must also drop

or they will 'retire' from the field of battle...

IF I was dragonmint....I'd drop the prices soon and get them out the door in a couple weeks..only the fleet of foot works for them ..being much smaller than

Bitmain.....if they can turn the price down and get stuff out the door in 2 weeks then Bitmain will not have everything their way for once and MAYBE

dragonmint could garner some units out the door in mass for say 4-6 weeks, and disrupt Bitmain's usual schedule of mining first and ship later.... on pre-orders

anyway, we will see I guess



 
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The Demon Slick
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March 27, 2018, 09:10:17 AM
 #1596

Sometimes it's better to make a little less on your units when you're new... it's more important to grab market share and exposure. Once you're established maybe you can earn a premium. If you can show you're worth it.
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March 27, 2018, 09:22:02 AM
 #1597

I got a postal tracking number today that may be the dragon mint or not.

have you had a chance to check if dimensions/weight are similar to the miner box with PSU box
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March 27, 2018, 11:07:16 AM
 #1598

I got a postal tracking number today that may be the dragon mint or not.

have you had a chance to check if dimensions/weight are similar to the miner box with PSU box

yes and it was a false alarm

it is a parcel post lite weight item

  I had an order from Amazon  and it is from that order nothing to do with this thread.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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March 27, 2018, 12:39:27 PM
 #1599

yes and it was a false alarm

it is a parcel post lite weight item

I had an order from Amazon  and it is from that order nothing to do with this thread.

anyway, seems like this guy already got something in the email as of today https://twitter.com/brianchoffman/status/978343506036043776?s=21
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March 27, 2018, 02:05:04 PM
Last edit: March 27, 2018, 02:52:29 PM by Sandal_Hat
 #1600

I disagree sandal_hat. I think they will have to drop the price. Basic marketing dictates that. If all your competitors are dropping prices and you're the only one not doing so. You'll go out of business soon. A price war is inevitable at this point. This sort of reminds me of 2015 to be honest. Don't worry, time will tell if Dragonmints will be around.

By right no more asics should not even be sold because ROI is way too long considering the risks involved. There is a limited amount to be earned as there is a limited amount of btc released every 10mins.

A price war would mean dragon lose, period. The other loser are all miners. It is the same reason why there are alot more D3 although inno dash miner is twice as strong. U cant beat bitmain on cheaper per TH basis.If price war occurs, the S9/T1 will be sold for less and less from 2k all the way to 550usd which is D3 price now...and no winner along the way. Right now, those who bought the S9 at 2k to 2k+ are already regretting because it would be far better if they bought the S9 now at 1.6k ish rather than at 2k ish. The thing is u think that u have an advantage if it goes into a price war and u get a machine cheaper, say 300-400 dollars lower? Nope. Everyone thinks the same and will buy. So, difficulty goes higher. And then machines can be sold cheaper again, say another 300 dollars lower? And more buyers come in, and same cycle repeats. This exact problem happened with the D3. It was sold at 5k, then 3k, then 2+k and then 1.45k....no one broke even because difficulty is too high and ROI is impossible.
I hope history does not repeat itself here..


With mostly 3 players for sha255, this is an oligopoly. Usually the leader sets the mkt price and the rest follows. They dont compete because they know custlmers only have 3 choices and there is limited demand. They keep prices at a certain level and make more money from higher margins though they sell less. If they kill it by selling at 550usd per miner lIke D3, they make say a 100-200 usd per miner? It is far better to sell less miners at say 1.6k-2k per miner but make 1-1.5k profit per miner. Then again, this crypto landscape isnt exactly filled with big experienced companies. So, nothing is for certain what can occur.

Just my 2cents.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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