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Author Topic: DragonMint T1 16TH/S halongmining.com  (Read 84146 times)
wavelengthsf
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January 05, 2018, 07:58:23 PM
 #581

As stated earlier, there was never any need for investomers. The capital had already been privately secured to fund the project.



We get that it takes millions of $$ to go into production but pre-selling gear with Investomers bearing all the risk is not the way to do it.


If you had all the funds, why even have pre-sales before you have units to ship? With the history of all the other failed things in this space, wouldn't that have been a better plan?
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offordscott
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January 05, 2018, 08:00:54 PM
 #582

Have you ever seen a mining equipment manufacturer company NOT take preorders on an upcoming product?

I specialize in business development for ASIC mining hardware manufacturing companies: https://www.scottofford.com/
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January 05, 2018, 08:15:04 PM
Last edit: January 05, 2018, 09:13:15 PM by NotFuzzyWarm
 #583

Have you ever seen a mining equipment manufacturer company NOT take preorders on an upcoming product?
Yes.
Bitmain, Bitfury and Canaan when they first started making miners. They fully funded all R&D/pre-production using *gasp* real Investors capital. Not funds taken from the general public. Of course using legit funding also entails the Company being legally bound to satisfying said Investors but in return the Investors also have assurances and information needed to feel safer in their investments.

Taking pre-orders is great for the Company but gives ZERO legal safeguards to Investomers. Taking such shortcuts is highly un-ethical. It may be legal (until the company disappears with everyone's monies) but still stinks to high heaven. Now if Halong had a proven track record of delivering miners in the past we would go easier on them and yes give them some benefit of doubt re a new product coming out. Not the case here.

Back to Canaan, their A8 series is coming out this month. Did they take the 'pre-order NOW!' route with them? No. Once again, they used their own monies to finance development/production and are waiting until all production issues are ironed out before announcing general sales of the miners.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
philipma1957
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January 05, 2018, 08:27:13 PM
 #584

Have you ever seen a mining equipment manufacturer company NOT take preorders on an upcoming product?

Yes  panda miner sent me a 8 gpu unit after failing to get preorders.

AFTER I reviewed it they  sold a lot of them.

the next model i did not use them or review them as they said some lies.

they still sold out the second model

So that is a company that was unable to get any preorders done and after my review they sold 100's of units.

I have 0 need for this asic miner

I have some now  from bitmain and I will be adding more in the future.

My main thrust in mining is and most likely will remain gpu mining.

To any new Asic company such as dragon mint many of us say fuck asics and build gpu rigs.

with 2 and 3 year warranties and fast delivery of gpus from amazon best buy newegg etc.

While I would like to review this unit and most likely I won't

I simply do not care about the gear from a miners viewpoint.

My concern is that of a watchdog trying to help people not do preorders from unknown companies and venders of unproven gear.

I wish you had the gear and I wish the thread was not started until your company was close to shipping.

I wish you simply released a few to members on this forum that mine and review.

Instead  you were nasty and insulting.

So  the gear comes out I buy 5 one breaks   what will my rma be like?

Fuck you blow me bitch comes to mind.

Maybe another variation will happen  oh yes send it in we will fix it.  then zip nada nothing.

Meanwhile I earn decent money with my gpus and no longer spend much time here in the sha 256 section of the forum .

I have run 7 threads  on gpus for about 2 years with more then 300 pages and 1 million views  so I really don't care about owning this gear.



I do care that someone sends payment for 5 units and gets zero in return.









I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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January 05, 2018, 09:17:04 PM
 #585

I live in the midwest United States and asked Scott to meet me which he has agreed to.

I will visit Wisconsin late next week to see things with my own eyes. No pictures or videos will be taken so everyone will just have to go by my word of what I see.

stay tuned

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castiel0504
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January 05, 2018, 09:30:33 PM
 #586

Okay lets see @elokk, hopefully you will be gentle with it like first time with woman, and inspect every aspect of that, since we won't see anything visually dont forget to bring pen and paper(or use phone Cheesy ) to write any info that you see/check, or just confirm Watmeter picture. Wish you all the luck
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January 05, 2018, 09:56:50 PM
 #587

Okay lets see @elokk, hopefully you will be gentle with it like first time with woman, and inspect every aspect of that, since we won't see anything visually dont forget to bring pen and paper(or use phone Cheesy ) to write any info that you see/check, or just confirm Watmeter picture. Wish you all the luck

Honestly, I am going to satisfy my own curiosity

Figured I would share with the forum and hopefully can report back it does exist for the naysayers. Of course this will not guarantee anything other than some test units may exist and I won't be allowed to share any juicy details. We will have to wait for some hands on demos within the community to get all the interesting stuff.

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January 05, 2018, 10:04:33 PM
 #588

Just for the sake of my curiosity please, connect it to Nicehash pool, and look at the dashboard, since from few pools that i used(yea i know NH is not pool), NH dashboard shows rather more correct THs then some others. My question would be: "Does it show 16 THs?" Yes/No

Thanks in advance!
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January 05, 2018, 10:24:04 PM
 #589

I live in the midwest United States and asked Scott to meet me which he has agreed to.

I will visit Wisconsin late next week to see things with my own eyes. No pictures or videos will be taken so everyone will just have to go by my word of what I see.

stay tuned

Good  you have been around for a while. NJ to Wisconsin is too far for me and I am too busy with gpus.
to chase this.

To any asic builder  many of us don't use you and no longer care about your gear.
I preach inclusive of multiple mining gear and coins.  but  preorders and  statements like fuck you junkies won't cut it.

I screen shot my locked 6 threads on gpu mining of non sha-256 coins

those threads exist simply because of asic builders and their sale methods and shit rma methods.


 And a lot of people made a lot of money following those threads.

Crypto-coin mining can exist with zero asic coins so to all sha-256 asic builders  gpus become bigger due to your sales techniques and your service contracts.


I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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January 05, 2018, 10:34:07 PM
 #590

I would:
- Connect to pool for a couple of hours and capture the hashrate. Slush would work, any known pool
- Measure power use
If you get the right results it means there actually exists a machine with the advertised specs (nothing else is proved at this point)

Probably you won't be allowed, but next thing I'll do is open up this tihng and try to evaluate:
- Are the hashing boards too familiar (i.e. are these just S9 hashing boards with the luckiest ASIC chips pushed to this perf?)
- Count the number of chips, identify the other visible components (pulling a heatsink is obviously not an option unless you knock Scott out or get him really drunk Smiley)
If you find uniquely designed boards, still are the power and hashrate per chip unique regarding existing chips? (i.e. bitfury)?
It may or may not be possible to actually prove this thing has newly designed unique chips inside it.

At the end of the day, unless it's entirely obvious that the chips themselves are unique, a working unit doesn't prove that much. But let's say they do have new chips, proving the multi-million investment, you still would need to ask yourself:
Can they actually produce in the promised volume?
What will be the failure rate of the units (terrible like bitmain, or 10 times worse?)
Will they honor any warranty?
Will you receive the unit on time? 1 month late? 1 year late?

So risk is still huge, quite a gamble to buy this.
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January 05, 2018, 10:49:11 PM
 #591

I would:
- Connect to pool for a couple of hours and capture the hashrate. Slush would work, any known pool
- Measure power use
If you get the right results it means there actually exists a machine with the advertised specs (nothing else is proved at this point)

Probably you won't be allowed, but next thing I'll do is open up this tihng and try to evaluate:
- Are the hashing boards too familiar (i.e. are these just S9 hashing boards with the luckiest ASIC chips pushed to this perf?)
- Count the number of chips, identify the other visible components (pulling a heatsink is obviously not an option unless you knock Scott out or get him really drunk Smiley)
If you find uniquely designed boards, still are the power and hashrate per chip unique regarding existing chips? (i.e. bitfury)?
It may or may not be possible to actually prove this thing has newly designed unique chips inside it.

At the end of the day, unless it's entirely obvious that the chips themselves are unique, a working unit doesn't prove that much. But let's say they do have new chips, proving the multi-million investment, you still would need to ask yourself:
Can they actually produce in the promised volume?
What will be the failure rate of the units (terrible like bitmain, or 10 times worse?)
Will they honor any warranty?
Will you receive the unit on time? 1 month late? 1 year late?

So risk is still huge, quite a gamble to buy this.

Sure  if it is all you own it is stupid to have all you eggs placed in this particular basket.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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January 05, 2018, 11:56:10 PM
 #592

Scott - I've reached out to you via text from my local number. I'm about 25 minutes from you and would love to meet up with you.

I've preordered tons of miners in the past -- from the first Avalon batch, theKNC Jupiters, to the most recent batches of S9s. Would love to see what Halong has in store!

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January 06, 2018, 12:48:49 AM
 #593

I've seen some unicorns and I've met a big foot.. There's more than one. I also hold ten million dollars worth of assorted coins. Guess which one is true.

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January 06, 2018, 12:52:07 AM
 #594

I've seen some unicorns and I've met a big foot.. There's more than one. I also hold ten million dollars worth of assorted coins. Guess which one is true.

probably not a good idea to be advertising that online

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score1more
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January 06, 2018, 04:27:56 AM
 #595

I've seen some unicorns and I've met a big foot.. There's more than one. I also hold ten million dollars worth of assorted coins. Guess which one is true.

probably not a good idea to be advertising that online

DragonMint has farm-raised canned unicorn meat for sale.  MOQ is 1000 units.  That'd put a hell of a dent in 10M.
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January 06, 2018, 05:36:43 AM
 #596

I've seen some unicorns and I've met a big foot.. There's more than one. I also hold ten million dollars worth of assorted coins. Guess which one is true.

probably not a good idea to be advertising that online
I can't hide it, it's already public. I mean, you haven't seen any unicorns yet?

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January 06, 2018, 08:24:41 AM
 #597

I live in the midwest United States and asked Scott to meet me which he has agreed to.

I will visit Wisconsin late next week to see things with my own eyes. No pictures or videos will be taken so everyone will just have to go by my word of what I see.

stay tuned



The thing is if one connects some S9 looking machine to a pool worker, and the rate becomes 16TH, it could easily be 2 machines doing it and not 1.

All the fellow has to do is connect 1 machine in front of u and send an SMS to a fren to acrivate another machine on the same worker. It is easy to do..

Basically, wat was done in that Slushpool office in that video can be replicated easily infront of u. Simple slide of hand or sorts. Not even difficult. In the halong utube vid, there was a screen showin 4TH being hashed for a few secs. Slushpool showed 16th. It is possible rhat it was 4th + 12th equals 16th here.

So, u should set up your own worker with a complex name and ask him to connect to it and make sure he does not contact anyone once he has seen that worker nane. Otherwise, it can juz be a simple slide of hand trick infront of u. Or perhaps some other way that can detect how many machines are on that worker. Nicehash shows such info??


I hope offordscott understands the concerns

Just my 2 cents

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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January 06, 2018, 08:34:30 AM
 #598

I would:
- Connect to pool for a couple of hours and capture the hashrate. Slush would work, any known pool
- Measure power use
If you get the right results it means there actually exists a machine with the advertised specs (nothing else is proved at this point)

Probably you won't be allowed, but next thing I'll do is open up this tihng and try to evaluate:
- Are the hashing boards too familiar (i.e. are these just S9 hashing boards with the luckiest ASIC chips pushed to this perf?)
- Count the number of chips, identify the other visible components (pulling a heatsink is obviously not an option unless you knock Scott out or get him really drunk Smiley)
If you find uniquely designed boards, still are the power and hashrate per chip unique regarding existing chips? (i.e. bitfury)?
It may or may not be possible to actually prove this thing has newly designed unique chips inside it.

At the end of the day, unless it's entirely obvious that the chips themselves are unique, a working unit doesn't prove that much. But let's say they do have new chips, proving the multi-million investment, you still would need to ask yourself:
Can they actually produce in the promised volume?
What will be the failure rate of the units (terrible like bitmain, or 10 times worse?)
Will they honor any warranty?
Will you receive the unit on time? 1 month late? 1 year late?

So risk is still huge, quite a gamble to buy this.

Sure  if it is all you own it is stupid to have all you eggs placed in this particular basket.
Oh yeah! For me it's too much risk to even buy 1 unit (and they don't sell at that small scale). Why do it if I can just buy S9s? Crappy, but known territory. And I'm also with you regarding how much better GPU rigs are. I just try to diversify as much as I can so I throw some ASICs into the mix, but what a painful experience.
offordscott
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January 06, 2018, 12:46:21 PM
 #599

I understand that concern about the possibility of spoofing slushpool.

I would certainly be willing for elokk to type some random work name into my slush pool account and then change the worker name accordingly on the miner config page.


I hope offordscott understands the concerns


I specialize in business development for ASIC mining hardware manufacturing companies: https://www.scottofford.com/
philipma1957
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January 06, 2018, 01:54:11 PM
 #600

I would:
- Connect to pool for a couple of hours and capture the hashrate. Slush would work, any known pool
- Measure power use
If you get the right results it means there actually exists a machine with the advertised specs (nothing else is proved at this point)

Probably you won't be allowed, but next thing I'll do is open up this tihng and try to evaluate:
- Are the hashing boards too familiar (i.e. are these just S9 hashing boards with the luckiest ASIC chips pushed to this perf?)
- Count the number of chips, identify the other visible components (pulling a heatsink is obviously not an option unless you knock Scott out or get him really drunk Smiley)
If you find uniquely designed boards, still are the power and hashrate per chip unique regarding existing chips? (i.e. bitfury)?
It may or may not be possible to actually prove this thing has newly designed unique chips inside it.

At the end of the day, unless it's entirely obvious that the chips themselves are unique, a working unit doesn't prove that much. But let's say they do have new chips, proving the multi-million investment, you still would need to ask yourself:
Can they actually produce in the promised volume?
What will be the failure rate of the units (terrible like bitmain, or 10 times worse?)
Will they honor any warranty?
Will you receive the unit on time? 1 month late? 1 year late?

So risk is still huge, quite a gamble to buy this.

Sure  if it is all you own it is stupid to have all you eggs placed in this particular basket.
Oh yeah! For me it's too much risk to even buy 1 unit (and they don't sell at that small scale). Why do it if I can just buy S9s? Crappy, but known territory. And I'm also with you regarding how much better GPU rigs are. I just try to diversify as much as I can so I throw some ASICs into the mix, but what a painful experience.

  I think they actually own the gear  and it really exsists.
I think  they believe  this gives them hand  since it really does save power and is the best gear on the market.

My problem is they simply do not understand  that the best hash per watt  does not give them the hand they think they have.
But WTF do I know  I am a middle sized player.

Shame  on them  as I am a good source of publicity for them.
and basically it is a free deal since I will pay for the gear once it arrives.
who believes I would not pay them if they sent it?


I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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