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Author Topic: DragonMint T1 16TH/S halongmining.com  (Read 72033 times)
zerobias
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April 03, 2018, 10:10:14 PM
Last edit: April 04, 2018, 04:18:38 AM by frodocooper
 #1761

I am making no such assumption. I am relying on what MyRig has told us about its legal incorporation status on its very own terms of use page on its web site (see: https://i.imgur.com/8WZDWmZ.jpg). MyRig holds itself out as a Colorado incorporated entity, hence the name "MyRig, Inc."

I even went so far as to check the Japanese government's official incorporation records. You can do so yourself here: http://www.houjin-bangou.nta.go.jp/en/. Just type "myrig" into the "Name" field. Zero results.

That leaves Russia. If MyRig would like to announce that it is a Russian corporation, I would be thrilled to receive this news. I have not checked Russian incorporation records but I would be happy to verify such a claim from MyRig if it would like to make it.

if you ever saw the invoice or purchase agreement how anyone who was ordering thru myrig you should know that the entity name is Myrig Inc as written both in PO and beneficiary bank details.

your assumptions are based on “inc” means only US corporation which is incorrect.

concerning russian companies , we are using LLC as a type of incorporation



Moderator's note: This post was edited by frodocooper to remove nested quotes.
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April 03, 2018, 10:11:49 PM
 #1762

MyRig Inc. company registration in Japan is legit for sure.

Their corporate number is 5450001012110
and you can see the official information here in Japanese
http://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=5450001012110

exactly, I ended up the same while was doing my own due diligence before paying the invoice
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April 03, 2018, 10:13:31 PM
 #1763

People are jumping in to conclusions too quickly.

Just because you can't find the information in the database, doesn't necessarily mean that the information is not there.

You might just be unable to enter the right keywords in the search engine.

In this case I searched Google with the Japanese expression for MyRig's name and I was able to find the corporation number.

Then I entered the corporation number in the database search and I got search results immediately.

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April 03, 2018, 10:23:54 PM
Merited by frodocooper (2)
 #1764

MyRig Inc. company registration in Japan is legit for sure.

Their corporate number is 5450001012110
and you can see the official information here in Japanese
http://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=5450001012110

HagssFIN, thank you. Getting this information has been like pulling teeth. However, MyRig clearly states on its ToS page that its name is "MyRig, Inc." -- not "マイリグ株式会社", and as far as I can tell, "MyRig, Inc." is not a valid entity. The actual name of the validly incorporated entity is マイリグ株式会社.

MyRig should update its website's ToS to reflect that it is a Japanese corporation named マイリグ株式会社, not a Colorado corporation named "MyRig, Inc." These details are important for accountability purposes. As of the time of this posting, MyRig does not state on its web site that it is a Japanese corporation. It holds itself out as a Colorado corporation, choosing Colorado as the venue and jurisdiction for disputes and requiring the application of Colorado law, not Russian law and not even Japanese law.

In addition, I am still unable to confirm that MyRig or マイリグ株式会社 is authorized to conduct business in Colorado, as it is required to register as a foreign corporation if it is operating there. Otherwise, it is operating in contravention of Colorado law.
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April 03, 2018, 10:28:11 PM
 #1765

@Dr. Mann

They have entered the corporation information in to the database system in Japanese only, hence why you can only find that information by searching with the Japanese expression of the company name. I don't think there is anything odd with that.

I mean also here in Finland most of the corporation info is available in Finnish.

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April 03, 2018, 10:34:30 PM
Last edit: April 03, 2018, 10:49:45 PM by Dr.Mann
Merited by frodocooper (3), NotFuzzyWarm (2)
 #1766

People are jumping in to conclusions too quickly. Just because you can't find the information in the database, doesn't necessarily mean that the information is not there. You might just be unable to enter the right keywords in the search engine. [....]

The onus is on the business to present accurate information about itself to the world. As it stands now, MyRig is inaccurately representing itself to the world when it states on its ToS that its name is "MyRig, Inc." The entity's actual name consists of Japanese letters, not English letters. This may seem like a meaningless technicality to some, but it is actually quite important so that people can reliably conduct due diligence and make informed decisions for themselves.

I have searched everywhere for Halong Mining's incorporation records, guessing at the country in which it is incorporated. I even checked Vietnam to no avail since "Halong" is a city there. This is case in point why presenting accurate information is so important.

[....] They have entered the corporation information in to the database system in Japanese only, hence why you can only find that information by searching with the Japanese expression of the company name. I don't think there is anything odd with that. [....]

It is odd if you consider that MyRig has held itself out as a Colorado corporation (https://i.imgur.com/8WZDWmZ.jpg) using a name ("MyRig, Inc.") that does not exist in the records of Colorado's Secretary of State. MyRig has a receiving address in Colorado at a UPS Store and transacts business there. To that extent, it is required under Colorado law to obtain authorization to conduct business in Colorado as a foreign entity. If it registered, we'd have the ability to hold MyRig accountable using legal process should circumstances justify it some day. If it does not register, then U.S. customers and perhaps customers in other nations should understand the lack of accountability should something go wrong when transacting with MyRig.
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April 03, 2018, 10:39:18 PM
 #1767

MyRig Inc. company registration in Japan is legit for sure.

Their corporate number is 5450001012110
and you can see the official information here in Japanese
http://www.houjin-bangou.nta.go.jp/henkorireki-johoto.html?selHouzinNo=5450001012110

HagssFIN, thank you. Getting this information has been like pulling teeth. However, MyRig clearly states on its ToS page that its name is "MyRig, Inc." -- not "マイリグ株式会社", and as far as I can tell, "MyRig, Inc." is not a valid entity. The actual name of the validly incorporated entity is マイリグ株式会社.

MyRig should update its website's ToS to reflect that it is a Japanese corporation named マイリグ株式会社, not a Colorado corporation named "MyRig, Inc." These details are important for accountability purposes. As of the time of this posting, MyRig does not state on its web site that it is a Japanese corporation. It holds itself out as a Colorado corporation, choosing Colorado as the venue and jurisdiction for disputes and requiring the application of Colorado law, not Russian law and not even Japanese law.

In addition, I am still unable to confirm that MyRig or マイリグ株式会社 is authorized to conduct business in Colorado, as it is required to register as a foreign corporation if it is operating there. Otherwise, it is operating in contravention of Colorado law.
Considering Halong has a very warped idea of what normal internationally-recognized business practices are what do you expect?

MyRig/Bitmain Warranty OTH -- until this kerfuffle who they are and where legally registered was never really an issue. Both provided great repair work. Them hooking up whole-hog with Halong Mining is why it becomes rather important in the event of the miners failing to meet spec or not being delivered leading people to seek legal recourse.

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
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April 03, 2018, 10:44:57 PM
Merited by Dr.Mann (1)
 #1768

People are jumping in to conclusions too quickly. Just because you can't find the information in the database, doesn't necessarily mean that the information is not there. You might just be unable to enter the right keywords in the search engine. [....]

The onus is on the business to present accurate information about itself to the world. As it stands now, MyRig is inaccurately representing itself to the world when it states on its ToS that its name is "MyRig, Inc." The entity's actual name consists of Japanese letters, not English letters. This may seem like a meaningless technicality to some, but it is actually quite important so that people can reliably conduct due diligence.

I have searched everywhere for Halong Mining's incorporation records, guessing at the country in which it has incorporated. I even checked Vietnam to no avail since "Halong" is a city there. This is case in point why presenting accurate information is so important.

[....] They have entered the corporation information in to the database system in Japanese only, hence why you can only find that information by searching with the Japanese expression of the company name. I don't think there is anything odd with that. [....]

It is odd if you consider that MyRig has held itself out as a Colorado corporation (https://i.imgur.com/8WZDWmZ.jpg) using a name ("MyRig, Inc.") that does not exist in the records of Colorado's Secretary of State. MyRig has a receiving address in Colorado at a UPS Store and transacts business there. To that extent, it is required under Colorado law to obtain authorization to conduct business in Colorado as a foreign entity. If it registered, we'd have the ability to hold MyRig accountable using legal process should circumstances justify it some day. If it does not register, then U.S. customers should understand the lack of accountability should something go wrong when transacting with MyRig.

Good points made, I stand corrected.

It would be good for a company doing international business that the official information is in English and also easily available for anyone to check it.

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April 03, 2018, 10:59:19 PM
 #1769

I am making no such assumption. I am relying on what MyRig has told us about its legal incorporation status on its very own terms of use page on its web site (see: https://i.imgur.com/8WZDWmZ.jpg). MyRig holds itself out as a Colorado incorporated entity, hence the name "MyRig, Inc." [....]
[....] your assumptions are based on “inc” means only US corporation which is incorrect. [....]

I am not assuming that "Inc." is reflective of only US corporations. I am going off of the name that MyRig presents to the world on its own ToS page, "MyRig, Inc." which is not a valid name in any jurisdiction in any country on earth as far as I can tell. It appears that the only legally valid name for MyRig is its Japanese name, which thankfully we now know is "マイリグ株式会社". Now let's find out what Halong Mining's incorporation details are. Anyone?
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April 03, 2018, 11:11:27 PM
 #1770

I am making no such assumption. I am relying on what MyRig has told us about its legal incorporation status on its very own terms of use page on its web site (see: https://i.imgur.com/8WZDWmZ.jpg). MyRig holds itself out as a Colorado incorporated entity, hence the name "MyRig, Inc." [....]
[....] your assumptions are based on “inc” means only US corporation which is incorrect. [....]

I am not assuming that "Inc." is reflective of only US corporations. I am going off of the name that MyRig presents to the world on its own ToS page, "MyRig, Inc." which is not a valid name in any jurisdiction in any country on earth as far as I can tell. It appears that the only legally valid name for MyRig is its Japanese name, which thankfully we now know is "マイリグ株式会社". Now let's find out what Halong Mining's incorporation details are. Anyone?


Don't you think they have already thought about someone like you sniffing up the pole?

Regardless, so what? What are you going to do? Go sniff them out and then what?
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April 03, 2018, 11:24:09 PM
Merited by suchmoon (1), frodocooper (1)
 #1771

Don't you think they have already thought about someone like you sniffing up the pole?

Regardless, so what? What are you going to do? Go sniff them out and then what?

So what? So based on the information that we can learn (or not learn) about Halong Mining and MyRig, people can make informed decisions on whether they are comfortable buying from them. Disclosing the customary information about the incorporators (i.e., who they are, where their principle place of business is physically located, the consumer protections afforded in that jurisdiction) goes a long way towards building (or undermining) consumer confidence.
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April 04, 2018, 02:47:40 AM
 #1772

B29 and B52 and T1 are shipping, however, Holiday was in the way that caused a few days of delivery delay due to the logistical issues of dealing with the Customs agencies and transport companies.

Phil's unit wise, it will be on the way, but as it was offered, after first batch are out, late March into Early April.  some of the early buyer's unit are still in transit, hopefully everyone will have the T1 by Friday, or reach your country by Friday.

We will look into preparing unit for Phil but shipping already paid customers are priority than try to prove our existence at the moment.  All resource is pointed to shipping out BTC, SIA and Decred miner at the moment.

Please provide your corporate information. You are incorporated in which U.S. state? You have a local business license where?
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April 04, 2018, 02:49:47 AM
 #1773

If you want to do due diligence on a company, you can easily get a sales agreeement from them. It doesn’t mean you need to send money to the company. After reviewing a sales agreement, you can then consider the terms and make your decision.

Not true. People have been asking for months and they hide behind their accounts. It’s not unreasonable to ask.
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April 04, 2018, 03:47:37 AM
Last edit: April 04, 2018, 04:21:03 AM by Dr.Mann
Merited by frodocooper (5)
 #1774

If you want to do due diligence on a company, you can easily get a sales agreeement from them. It doesn’t mean you need to send money to the company. After reviewing a sales agreement, you can then consider the terms and make your decision.

Scott, by no means has someone conducted due diligence as it is responsibly performed in business today by reviewing an email attachment of a sales agreement form. At best that is 1% of the process of due diligence.

An illegitimate operator could wholesale copy the best "sales agreement" form on the planet from someone who is legitimate. A Microsoft Word document or PDF proves nothing about the party's legitimacy. Nothing. Conducting due diligence on a company involves much more than reviewing a form they could email you. To "consider the terms" as you said, you have to know who it is you're dealing with. That's why you have to know, at a minimum, the public record of that incorporated entity within the jurisdiction in which it operates. That keeper of records is typically the secretary of state's office (at least for U.S. based companies).

Once you have that information, then you can understand who the parties are, who is its registered agent, where is its principal place of business, where is its registered agent's office, are these offices real places and presently occupied, who are the neighbors at those offices, what do those neighbors have to say about them, where does the business conduct its banking, which law firm represents them, who is their CPA, who are some of their customers, have they made the necessary filings with the government to keep their charter active, have they paid their annual corporate franchise taxes, who are their executive managers, where did those managers work previously, where did they obtain their degrees, what mutual contacts do you have, what do the mutual contacts have to say about them, do the managers have good track records, do the managers have criminal records, do the managers have a history of fair dealing, have they received any recognition by reputable publications.

Once you have answered those questions, then you have scratched the surface of conducting due diligence.

In the case of Halong Mining, we don't even know a real person's name who is an actual employee there. Not one person. This is a company that has supposedly spent $30 million USD in R&D, and there isn't one verifiable engineer or manager who is willing to claim publicly his or her employment with them. How big of a labor force do you think $30 million could buy? Doesn't that strike anyone as even a little strange?
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April 04, 2018, 04:51:44 AM
 #1775

Just wanted to drop by and inform that we do not monitor this BCT thread nor is it somewhere we make an effort to provide updates. Please rely on our twitter feed at https://twitter.com/halongmining and the blog on the website https://halongmining.com/blog which we will update just as soon as the B miner series start being received (they're already shipping).

If you have specific customer support issues please use the contact form on the website to enter into the official support channel - we do not provide support over social media (although sometimes we may it should not be taken as an official route and we do not guarantee any comments will be read).

Overall, we are glad to have finally come to the point of actually shipping. There should be a steady flow of orders. Please note April and May are busy months for public holidays around the world including in Hong Kong, where you can see we're shipping from. This will affect logistics at both sending and receiving destination (another holiday on Thursday 4th April in HK for example).

@DrMann our stance is that each customer able to make their own decisions based on the information available. Reputation is built on fulfilment of promises, the rest is just fluff in actuality. Just look at the blockchain space with so many scams perpetrated by known public faces and entities, none of that protected the victims. The proof is in the pudding. This is a new paradigm, and if you do not feel comfortable about it, that's fine, no-one is forcing anyone to participate.

Competing in this space is incredibly difficult for many reasons. Firstly it's incredibly costly to tape out your own ASICs, especially for new process node (we're using 10nm), the NRE is already ludicrous - not to mention all the cascade of expenses that follow, and yield loss at every stage of the process. Then you have to deal with highly questionable,  anti competitive practices perpetrated by monopolies - like buying out all the components needed to make the miner or making arrangements that they be unavailable to competitors; and of course price wars where they can afford to sell at cost or below cost for long enough to kill competition. It would seem many of the posters in this thread still think of mining back in the days when you only needed a million or two at most from start to finish and there wasn't any strong monopoly.

Decentralization is hard. Halong Mining was started specifically to try an bring a bit more balance to the equation as a response to growing centralization - but the incentives of the Bitcoin system are that of economics incentives. Unfortunately the economics have become incredibly challenging for newcomers in order to enter and thrive in.

Overall, we'd like to thank everyone who has supported the project in spirit and with their orders.

Miners so far deployed are beginning to show up on the blockchain with the following boosted blocks (you can scan then by comparing ((nversion & 0x1fffe000) > 0) with one exception where the pool was misconfigured #515079. The number of boosted blocks however should be calculated as n/75% since version-rolling uses two bits, so one of the combinations will be 0 and thus look like a normal nversion.

513424 : https://btc.com/000000000000000000299bafb05053bb4f043b7425848abdd57a6eadbe404393
514882 : https://btc.com/0000000000000000003aeeeb86c897beda31ee4ec48741828f938b7c1be5cf3d
515079 : https://btc.com/0000000000000000003eafe39550a6ec74ab0ed93e46d188af94ced3a22c4b7c
515787 : https://btc.com/0000000000000000002eb1b5293b815d8b1f82169c317e46d8466feb6fd0b381
515875 : https://btc.com/000000000000000000400f69fc0a650317f8c5cd32e612e4e6e414d4d57d33e1
516222 : https://btc.com/0000000000000000001fc4a7dc2a05a7cad101de54a8ea89db498af53e7e8738

And finally here is some eyecandy from Twitter.

https://twitter.com/perforollc/status/981247526836887552
https://twitter.com/chadl2/status/981240773269061632
https://twitter.com/HalongMining/status/981159375715950592
https://twitter.com/benlat/status/980981687017398272
https://twitter.com/chiefyx/status/980982295304851462
https://twitter.com/TheStalwart/status/980265325928345600

We will favourite or RT the unboxings as they come, so please follow the twitter feed. There is also an unofficial chat on Telegram, https://t.me/dragonmint but this is not for support, please see above - the only support we provide is through official support channel and as a rule we do not monitor this forum.
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April 04, 2018, 06:20:17 AM
Merited by frodocooper (3), Dr.Mann (3)
 #1776

Don't you think they have already thought about someone like you sniffing up the pole?

Regardless, so what? What are you going to do? Go sniff them out and then what?

So what? So based on the information that we can learn (or not learn) about Halong Mining and MyRig, people can make informed decisions on whether they are comfortable buying from them. Disclosing the customary information about the incorporators (i.e., who they are, where their principle place of business is physically located, the consumer protections afforded in that jurisdiction) goes a long way towards building (or undermining) consumer confidence.

Let’s take it a step further. It’s illegal to present yourself as incorporated with the State of Colorado if you are not. We can report the to the state AG’s office and let them sniff around. Colorado law states that if they wish to do business in the state, but they are incorporated elsewhere (internationally OR domestically) that they should register as a foreign entity (in this case foreign is defined as outside of Colorado). If their terms invoke Colorado as jurisdiction, but they have no legal presence in Colorado, that’s a problem in several ways.

Also, the UPS Store where their box is registered was required by United States Postal Service regulations to obtain proper identification from whomever registered their mailbox there. If they’re acting illegally in the state, a complaint to the US Postal Inspector should drum up that information as well.

For all the hating folks do on Bitmain, as least we know whom, what, and where they are. Halong likes to talk about people “making their own decisions” yet they don’t give up any of the information necessary to do so properly. “Trust us, we’re awesome...” isn’t good enough.

And to hear the machines, after all of this hullabaloo and smoke and mirrors and obfuscation and dodgery, don’t even work to specs. This is unreal.

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April 04, 2018, 06:24:07 AM
Merited by frodocooper (1)
 #1777


Decentralization is hard.


Horse shit. Running an open and honest business isn’t hard, either. But the way you go about it, no wonders you and MyRig found each other. Shameful all of you.
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April 04, 2018, 06:32:29 AM
Last edit: April 04, 2018, 07:11:18 AM by Sandal_Hat
 #1778

Competing in this space is incredibly difficult for many reasons. Firstly it's incredibly costly to tape out your own ASICs, especially for new process node (we're using 10nm), the NRE is already ludicrous - not to mention all the cascade of expenses that follow, and yield loss at every stage of the process. Then you have to deal with highly questionable,  anti competitive practices perpetrated by monopolies - like buying out all the components needed to make the miner or making arrangements that they be unavailable to competitors; and of course price wars where they can afford to sell at cost or below cost for long enough to kill competition. It would seem many of the posters in this thread still think of mining back in the days when you only needed a million or two at most from start to finish and there wasn't any strong monopoly.

Decentralization is hard. Halong Mining was started specifically to try an bring a bit more balance to the equation as a response to growing centralization - but the incentives of the Bitcoin system are that of economics incentives. Unfortunately the economics have become incredibly challenging for newcomers in order to enter and thrive in.

Overall, we'd like to thank everyone who has supported the project in spirit and with their orders.


Can we stop with this decentralization bullshit? Dont make stuff up just to market self as if it is helping bitcoin or something. Look, u did this to make profit. And slushpool promoted it because they hoped to get more hashrate on their pool, to profit as well. Nothing wrong there but lets stop bullshitting.

https://www.buybitcoinworldwide.com/mining/pools/
The top 8 bitcoin pools are antpool, btc.top, btc.com, bixin, btcc.com pool, f2pool, viabtc bwpool. All in china. Number 10 is slushpool with 3% of all blocks.

The antminer S9 and other miners can be pointed at ANY pool. The S9 is pointed to antpool and f2pool by default but it isnt pointed at btc.top,btc.com, bixin or viabtc pool,etc. People CHOOSE TO point their miners to pools of their choice. S9 standard settings can only point to 3 pools as it is, not 8. People CHOSE to make these china pools big. The main reason is because china has alot of cheap power and thus, most of the miners and pools run there. The only way decentralization can occur is if china kicks these miners out of china and that will be if coal, which is used to power these miners, pollutes the air too much.

If dragonmints get popular, all these china-pools will also have asicboost protocol implemented into their pools and the chinese miners that buy dragonmints, will put it in china together with the pool they have always been using for their S9s and Avalons. Why not promote your products because they actually work well, because there is good non-bs communication and good after sales service. Food for thought.

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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April 04, 2018, 07:59:18 AM
Merited by frodocooper (1)
 #1779


Can we stop with this decentralization bullshit? Dont make stuff up just to market self as if it is helping bitcoin or something. Look, u did this to make profit. And slushpool promoted it because they hoped to get more hashrate on their pool, to profit as well. Nothing wrong there but lets stop bullshitting.

https://www.buybitcoinworldwide.com/mining/pools/
The top 8 bitcoin pools are antpool, btc.top, btc.com, bixin, btcc.com pool, f2pool, viabtc bwpool. All in china. Number 10 is slushpool with 3% of all blocks.

The antminer S9 and other miners can be pointed at ANY pool. The S9 is pointed to antpool and f2pool by default but it isnt pointed at btc.top,btc.com, bixin or viabtc pool,etc. People CHOOSE TO point their miners to pools of their choice. S9 standard settings can only point to 3 pools as it is, not 8. People CHOSE to make these china pools big. The main reason is because china has alot of cheap power and thus, most of the miners and pools run there. The only way decentralization can occur is if china kicks these miners out of china and that will be if coal, which is used to power these miners, pollutes the air too much.

If dragonmints get popular, all these china-pools will also have asicboost protocol implemented into their pools and the chinese miners that buy dragonmints, will put it in china together with the pool they have always been using for their S9s and Avalons. Why not promote your products because they actually work well, because there is good non-bs communication and good after sales service. Food for thought.

Okay......this is alot of bad assumptions so let me go through them 1 by 1.

1. The top 8 Bitcoin pools CURRENTLY are: BTC.com, Antpool, Slushpool, BTC.top, Viabtc, F2pool and Btcc. So pretty close there but not really.
2. While true that many people choose to point their miners to the bigger pools, the reason isn't because of geography. The reason is PAYOUT. It has always been payout and will continue to be payout for the forseeable future. I have noted time and time again that while it is all well and good that western pools do PPLNS or variations there-of. It is not a good payout scheme severely limits the competitiveness of the pool. This is because most Miners NEED a fixed secure payout in order to turn a reasonable profit through various methods (which I will not go into here). Having PPLNS payout means the POOL is safe, but the miners mining on that pool is taking the risk. Take Bitcoin.com for example, they are a shitpool run by an asshole, but Many people still mine on there, why? Safe payout.
3. Decentralization is already occuring, it is just that there isn't alot of money to be made in making mining pools. So the people who operate mining pools are usually ones that make money off other things as well. Mining pool is just a small +. If someone starts a new mining pool with 105% PPS and a stable pay you bet your ass people are going to mine there.
4. If the dragonmints become popular, the most likely scenario is Halong makes a mining pool for the dragonmints and optimize it for ASICBOOST. The real question is: Do they have the liquidity needed.

Many of the newer miners forget but the reason why so many asic manufacturers died couple years back was because of this liquidity problem. Its not just the gear, its the service as well. Learn from Bitmain and why they are successful. Hate them if you want but they know how to survive
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April 04, 2018, 08:25:47 AM
 #1780

Competing in this space is incredibly difficult for many reasons. Firstly it's incredibly costly to tape out your own ASICs, especially for new process node (we're using 10nm), the NRE is already ludicrous - not to mention all the cascade of expenses that follow, and yield loss at every stage of the process. Then you have to deal with highly questionable,  anti competitive practices perpetrated by monopolies - like buying out all the components needed to make the miner or making arrangements that they be unavailable to competitors; and of course price wars where they can afford to sell at cost or below cost for long enough to kill competition. It would seem many of the posters in this thread still think of mining back in the days when you only needed a million or two at most from start to finish and there wasn't any strong monopoly.

An 10nm ASIC including an AB quad-core only at eye level with Bitmain’s 16nm ASIC in non-AB mode? Interesting.

It seems there are no low hanging fruits for more efficient ASICs anymore. Just to move to the newest technology node is not enough.

Also Ebang failed with a 10nm ASIC to get the “most efficient ASIC” crown. And GMO is not publishing any data about its 12nm prototypes.
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