DragonMint T1 16TH/S halongmining.com

[Searing]

I almost pulled the trigger on this today as well but the lack of any prior history to the Company, lack of any contact info on site and BTC only payment all send up red flags to many new people trying to get into mining and at a marginal increase in efficiency I’d rather just buy from bitmain who has a long history on delivering but not the best customer service

I almost pulled the trigger too, too many holes in the company though and reading these posts led me to hold off....had the cart loaded with 5 and was even a bit excited!  lol.  Let the pawns go first, let's see what happens

Some very famous and trustworthy personages support them, so they should be legit. First batches are supposed to ship on march, expect demand to ramp up geometrically from there on.

still point *5* in my previous post at $1,350 usd in Feb of 2018 vs just getting an S9 now for say $1,200, I think it is....

why bother 3 months away from shipping and on the average..ALL CRYPTO MACHINE MAKERS of any flavor are USUALLY one month late anyway

so call it 4 months

you can make that bet now and have better difficulty and ride the coin pump on the stuff you mine now ..perhaps double...thus why gamble it on equip 4 months

down the line

indeed ..if you expect your coin of choice to pump like BTC better to hold....I have equip that has ROI'd from this year..but IF I'd kept BTC instead I'd have

3x the money on the 3x I made on the ROI!

so if you DO buy equip..take out a loan and pay in cash first...then if you get in trouble you can get out of trouble with crypto...but me ....from now on

it will be 1) fill solo 401k with crypto (up to 42k) first ..keep it all ..works like equip off gross income ..the rest of 2017 2) do the same as (1) up to 42k keep all the crypto
in a solo 401k from the biz....also first part of 2018 as well... then 2) look for dubious equip say after Chinese new year in 2018 as the solo 401k bucket is filled for 2018 also

more than one way to skin a cat

but if crypto is pumping....buy crypto...and use fiat to buy equip on a bet...but myself ...I expect a pump on BTC and quite a pump on LTC thus my strategy above

(be warned, however...I know zip...at one time I was a BFL Cheerleader in 2013 and drank the newbie kool-aid...be suspect of all I say...I"m deluded..)

[kitkat008]

Do keep in mind that ALL of the hardware for the Sony PS4 line comes from someone else.
If they DID make a miner, the chips for it would probably be sourced from AMD....

Well facts so far

1) exactly looks like a Bitmain S9 miner more or less.

2) No info of any real note about the makers of this.

3) Someone supposedly stuck 30 million into competing against Bitmain ...rather than just crypto> (are you nuts?)

4) Supposedly 30% more efficient when it arrives

5) for $1,350.00 USD sometime in Feb of 2018

ON just the last point (5) even if it DID EXIST (doubtful) why would you give them your hard earned BTC now....at $1350 price
when likely in 2 weeks Bitmain will come out with another batch of S9's at say about $1,200.00 USD....at best by the time you got these
if lucky..would you not just be swapping oranges for oranges.....at that price no real diff between units ..due to the fact you can get the S9
NOW 3 months early?

too many points to point to it as a scam so I call scam

amen

[kamobtc]

Contact Us

Twitter: @halongmining
Email: contact@halongmining.com



No thanks, LOL.
This is %500 scam and it's a modified s9 nothing else. Just stick a label on sides and it's ok.

[c-none]

This did not make me comfortable. I don't think it's real.

[Biffa]

https://bitcointalk.org/index.php?topic=28402.msg25176148#msg25176148

Nothing conclusive there but interesting nonetheless.

[Searing]

This did not make me comfortable. I don't think it's real.

I just looked at their 'dubious' site...you can only order 5 at one time ..no less

I also made fake everything to see it if went to one BTC address for giggles..nope...they use bitpay..so a BTC address generated for each user/order

Just in case anyone is interested..it was 0.999 BTC for 5 units with shipping ..I thought that was kinda funny or at $8.472.52 USD for 5 of them, with current BTC price.

that is $1,694.50 USD each with shipping.....

NOW, what makes more sense...keeping that 1 BTC and watching it grow for the next 3 months (if late like most such things call it 4 months) or

paying $1,450.00 USD from Bitmain for an S9 13.5TH now (vs their 16th)

better yet...if you are expecting 10k BTC in the next 3 months....WHY NOT JUST HODL!

even if this miner is legit. (which I think is unlikely) it still sucks as a purchase, IMHO.

[itod]

Do keep in mind that ALL of the hardware for the Sony PS4 line comes from someone else.
If they DID make a miner, the chips for it would probably be sourced from AMD....

Well facts so far

1) exactly looks like a Bitmain S9 miner more or less.

2) No info of any real note about the makers of this.

3) Someone supposedly stuck 30 million into competing against Bitmain ...rather than just crypto> (are you nuts?)

4) Supposedly 30% more efficient when it arrives

5) for $1,350.00 USD sometime in Feb of 2018

ON just the last point (5) even if it DID EXIST (doubtful) why would you give them your hard earned BTC now....at $1350 price
when likely in 2 weeks Bitmain will come out with another batch of S9's at say about $1,200.00 USD....at best by the time you got these
if lucky..would you not just be swapping oranges for oranges.....at that price no real diff between units ..due to the fact you can get the S9
NOW 3 months early?

too many points to point to it as a scam so I call scam

Are you seriously asking why would someone buy these miners rather than Bitmain? Let me give a couple of reasons:
- Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC
- Because you can not buy Bitmain with BTC. True story, go check their site. Only altcoins accepted. Trading BTC for shitcoins to buy a miner also undermines your currency.
- Because Bitmain has cornered the market, in periods when mining is with real ROI he mines with newly produced miners, when it is not he is selling them to you. Once this monopoly is broken, hopefully by DragonMint and some others, you may have a chance to buy a miner when it's profitable to mine

I can give you a few more reasons, but this above explains why DragonMint announcement was accepted with such excitement,  it is a ray of hope on this sad market.

[Searing]

Do keep in mind that ALL of the hardware for the Sony PS4 line comes from someone else.
If they DID make a miner, the chips for it would probably be sourced from AMD....

Well facts so far

1) exactly looks like a Bitmain S9 miner more or less.

2) No info of any real note about the makers of this.

3) Someone supposedly stuck 30 million into competing against Bitmain ...rather than just crypto> (are you nuts?)

4) Supposedly 30% more efficient when it arrives

5) for $1,350.00 USD sometime in Feb of 2018

ON just the last point (5) even if it DID EXIST (doubtful) why would you give them your hard earned BTC now....at $1350 price
when likely in 2 weeks Bitmain will come out with another batch of S9's at say about $1,200.00 USD....at best by the time you got these
if lucky..would you not just be swapping oranges for oranges.....at that price no real diff between units ..due to the fact you can get the S9
NOW 3 months early?

too many points to point to it as a scam so I call scam

Are you seriously asking why would someone buy these miners rather than Bitmain? Let me give a couple of reasons:
- Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC
- Because you can not buy Bitmain with BTC. True story, go check their site. Only altcoins accepted. Trading BTC for shitcoins to buy a miner also undermines your currency.
- Because Bitmain has cornered the market, in periods when mining is with real ROI he mines with newly produced miners, when it is not he is selling them to you. Once this monopoly is broken, hopefully by DragonMint and some others, you may have a chance to buy a miner when it's profitable to mine

I can give you a few more reasons, but this above explains why DragonMint announcement was accepted with such excitement,  it is a ray of hope on this sad market.

Your point is taken...

my view was more on the $$$ vs 3-4 month wait and of course..if you expect your BTC to PUMP why would you spend it on any miner at this time?

maybe after the chinese new year 2018 a guy could look at this and decide...but of the many flavors of asic miners..nothing, imho makes sense $$$ vs BTC wise

and of course your point of "being Bitmain and evil and all" also

but my point is still legit imho, even if dragon mint is legit.... damn hard to justify with 3-4 months to arrival at that price etc..just saying

add the other 'coincidences' and lack of info on founders..and it looks more then weird imho

[elokk]

Do keep in mind that ALL of the hardware for the Sony PS4 line comes from someone else.
If they DID make a miner, the chips for it would probably be sourced from AMD....

too many points to point to it as a scam so I call scam

Are you seriously asking why would someone buy these miners rather than Bitmain? Let me give a couple of reasons:
- Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC
- Because you can not buy Bitmain with BTC. True story, go check their site. Only altcoins accepted. Trading BTC for shitcoins to buy a miner also undermines your currency.
- Because Bitmain has cornered the market, in periods when mining is with real ROI he mines with newly produced miners, when it is not he is selling them to you. Once this monopoly is broken, hopefully by DragonMint and some others, you may have a chance to buy a miner when it's profitable to mine

I can give you a few more reasons, but this above explains why DragonMint announcement was accepted with such excitement,  it is a ray of hope on this sad market.

+1
This is an ideological purchase for many bitcoiners

[ottokoester]

What do you think about this?  https://halongmining.com/

And their demonstration video: https://www.youtube.com/watch?v=SRCsQUyR7_I

Price: 1350$
PSU: 115$
Speed: 16TH/s

Honestly this looks like rip off of S9 and all what they did just put the sticker of their logo on it. But i am not sure how they can change the speed in the dashboard that shows 16TH/S...

Hi castle,

1595 and not 1350...  minimum order 5 Pieces... something around 7975

[ottokoester]

Do keep in mind that ALL of the hardware for the Sony PS4 line comes from someone else.
If they DID make a miner, the chips for it would probably be sourced from AMD....

too many points to point to it as a scam so I call scam

Are you seriously asking why would someone buy these miners rather than Bitmain? Let me give a couple of reasons:
- Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC
- Because you can not buy Bitmain with BTC. True story, go check their site. Only altcoins accepted. Trading BTC for shitcoins to buy a miner also undermines your currency.
- Because Bitmain has cornered the market, in periods when mining is with real ROI he mines with newly produced miners, when it is not he is selling them to you. Once this monopoly is broken, hopefully by DragonMint and some others, you may have a chance to buy a miner when it's profitable to mine

I can give you a few more reasons, but this above explains why DragonMint announcement was accepted with such excitement,  it is a ray of hope on this sad market.

+1
This is an ideological purchase for many bitcoiners

Sometimes, I remember how many times I was skeptical to mine... I'm IT-Specialist with strong background in Administration and Development, about 16 years of professional experience and what I would like to say is, your point is really true, but there is many factors on this game, that we are just small workers... as you said... it's definitely a sad market and the most problem comes form these companies, not from us... we make the hard job, we test this equipment, and we are always with a lot of stress... etc...

But now, I need to be clear with you, about you have quoted, Dragonmint announcement.
It's the same like iBelink about DASH Mining and I don't believe that they will "better" or "good", it always the same, it's everything about money and business, there is no philosophy, BITMAIN is BITMAIN, because they are based in China and they have some interest to have clients around the world... they have the production, they have a lot of workers, money and they want to establish as a traditional company and always comes bigger and bigger... like a real ANT... if you look, it's not just for fun that they choose this name, Antminer... they are not kidding or just trying... the want and they are the biggest company. About to support Jihan Wu, who cares? If every miner cares about his, or some philosophy like this, the Bitcoin would not be the most legal (and illegal) profitable investment at the moment, but just an IT-Solution for Finance Market, maybe, something like Linux at the Computer World, but Bitcoin, just now it reaching 9.000 USD (1 BTC = $8900.2900) and it's hard fighting against your bad daughter, the Bitcoin Cash (yeah who's is really bad) ... with another words, Bitcoin is THE TECHNOLOGY that it's changing the world because it's changing the finance market and the big guy don't know what to do... but they are still on the control... And they know very well how someone can manipulated the finance market... ok... let's talk about this "Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC" Is this serious? First, who cares? I mean, who is trying to protect the BTC system, or better other amazing coins like ETH and DASH? Who is caring about this philosophy? And, honestly, there is always the same.... sometimes, the bad guy are not the bad guys and the good guy are not the good guys...

[itod]

ok... let's talk about this "Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC" Is this serious? First, who cares? I mean, who is trying to protect the BTC system, or better other amazing coins like ETH and DASH? Who is caring about this philosophy? And, honestly, there is always the same.... sometimes, the bad guy are not the bad guys and the good guy are not the good guys...

This is not about philosophy at all, it's very practical. If he is destroying what you mine, what's the point in supporting him and mine BTC at the same time? The more you buy from him the weaker the position of BTC is, and the price is less stable and with more problems to grow naturally. His goal is for BTC to loose it's position as one and real Bitcoin, and to replace it with BCH. Antminer will not even sell you the miners for BTC, you have to trade them for BCH or US$ if you want to pay. What do you think happens to BTC price if you have to dump them to buy miners? You can not look at cancer from philosophical perspective, you have to fight it if you want to bring the whole organism to healthy state.

[Sierra8561]

BTC is based on decentralization, Hardware suppliers are the most centralized part of our industry. I for one am excited to see more decentralization in hardware. Canaan although a competitor to bitmain hadn't been able to complete on specs and price. Nice to see another player in the game.

[castiel0504]

What do you think about this?  https://halongmining.com/

And their demonstration video: https://www.youtube.com/watch?v=SRCsQUyR7_I

Price: 1350$
PSU: 115$
Speed: 16TH/s

Honestly this looks like rip off of S9 and all what they did just put the sticker of their logo on it. But i am not sure how they can change the speed in the dashboard that shows 16TH/S...

Hi castle,

1595 and not 1350...  minimum order 5 Pieces... something around 7975

Castiel* In that given moment price was 1350$ ti was price discount because of Black Friday or something like that(not sure) after that price is regular one, as you mentioned.

[almost30]

modify antminer s9  
with DragonMint sticker

[dawidt]

interesting how many people send BTC for them.
it looks like 100% scam.

maybe it's them way to get rich in short time.
5 x miner ~ 1BTC, 10 people and they have got some money...

[castiel0504]

interesting how many people send BTC for them.
it looks like 100% scam.

maybe it's them way to get rich in short time.
5 x miner ~ 1BTC, 10 people and they have got some money...

Honestly, i have mixed feeling about this. I am sitting between 2 chairs.. I am not sure is it 100% scam, or is it 100% true. Reputable member has tweeted that its real. And i dont think he would just "confirm" that something is real if its not. I dont think he would like that kind of risk. But again some things are shady with this which is the reason why i am sitting(more kind of standing haha) between 2 chairs. IF(you see how if is big? ) it's true and is not scam, this is some really good breakthrough of new miner(s) and new players on market.

[Prelude]

Here's to hoping they're legit, because... Fuck shitmain.

[ottokoester]

ok... let's talk about this "Because buying miners from Jihan Wu is like supporting your enemy. The guy is doing everything he can to destroy the coin you want to mine - BTC" Is this serious? First, who cares? I mean, who is trying to protect the BTC system, or better other amazing coins like ETH and DASH? Who is caring about this philosophy? And, honestly, there is always the same.... sometimes, the bad guy are not the bad guys and the good guy are not the good guys...

This is not about philosophy at all, it's very practical. If he is destroying what you mine, what's the point in supporting him and mine BTC at the same time? The more you buy from him the weaker the position of BTC is, and the price is less stable and with more problems to grow naturally. His goal is for BTC to loose it's position as one and real Bitcoin, and to replace it with BCH. Antminer will not even sell you the miners for BTC, you have to trade them for BCH or US$ if you want to pay. What do you think happens to BTC price if you have to dump them to buy miners? You can not look at cancer from philosophical perspective, you have to fight it if you want to bring the whole organism to healthy state.

Ok. And what you propose as a solution? Don't buy Antminer S9? And who will buy? You, maybe your best friends. Sorry man, but what you are saying is philosophy... and bad quality... I'm not here to start a discussion, I'm on your side, but the price of Bitcoin is not manipulated because BCH or someone is accepting just BCH... no definitely not... it's the chef of the guy from wall street... look to JP Morgan Chase... And Bitmain is using BCH for another reasons, that it's very clear... and I don't need here to clarify this situation, just think... I'm a miner, I need Miner Machines and I need to buy with quality and support, and I decide to mine BTC... this is the case... and this is my bread! Who will sell good machine for me? With  normal price??? Who? And not used? And with guarantee... Who? Tell me?

[Dopert]

I will get 1 if Gigawatt offers them and WTT tokens are operational. Nice hardware