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Author Topic: long time lurker/miner here,just found a commercial mining device,is this real ?  (Read 987 times)
f41lover
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July 01, 2011, 02:47:18 AM
 #1

I was searching for `asic mining` on google and came up with this : http://asicminer.net
what do you guys think ? can this be real ? and can somebody create a topic in a more appropriate section ?
im a long time lurker on this forum, but never posted anything  Cheesy

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f41lover
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July 01, 2011, 02:53:55 AM
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LOL, do you think is it a scam ?

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July 01, 2011, 02:56:38 AM
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You are asking IF it can be real?  Of course it can be real.  Hashing sha256 is extremely straightforward.  ASIC just require a lot of upfront cash to design.
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July 01, 2011, 03:01:32 AM
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Truely, 'could' be real. It would be nice if they would have atleast teased us with some numbers or some such.
 My gut though, says, "They had me on board until, Guandong, China."

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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July 01, 2011, 03:06:56 AM
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You are asking IF it can be real?  Of course it can be real.  Hashing sha256 is extremely straightforward.  ASIC just require a lot of upfront cash to design.

Can it be real that in China they can do it for the cheap ? and what's the catch with Guandong ? as much as i know it is one of the areas in china where they mass produce almost anything electronics.

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July 01, 2011, 03:24:03 AM
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"We are a team of four foreign specialists in the field of electronic engineering headquartered in Shenzhen..." ZOMG! they are FOREIGN!  Roll Eyes

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 01, 2011, 03:34:20 AM
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I will keep an eye on this website, it smells anyway.

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sadpandatech
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July 01, 2011, 03:47:21 AM
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Hopefully I'm not the only one who missed this at first. If you click ont he title of their post there it show the entire thing...
http://asicminer.net/?p=6   or you can go directly to it. No info as of it but they do say they will have pricing in a few days and offer a contact email to ask questions to..

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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July 01, 2011, 04:14:43 AM
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"They had me on board until, Guandong, China."

DING!

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
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July 16, 2011, 07:28:56 PM
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"They had me on board until, Guandong, China."

DING!

What exactly do you mean?

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July 16, 2011, 07:32:51 PM
 #11

Some of their text looked a little bit suspicious to me. It seemed like there were technical inaccuracies that wouldn't happen if they were real. But it's always possible the text isn't written by the technical guys, and there's also the language barrier. So who knows. I wouldn't front them any money though, at least not without something more solid.

I am an employee of Ripple.
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July 16, 2011, 09:19:21 PM
 #12

WOW, $200 - $250 per 500Mhash?   250x12=$3000
-----------------------------------------------------------------



The general mining device setup will consist of a mainboard with up to 10-12 DIMM slots for the ASIC boards, each one reaching a speed of about 500 Mhash\s.

We are running some prototype devices at about 6-8 Ghash\s on our test network to stress test the boards.

Proper cooling is required for each child board to reach stability and we are working on a solution right now.

Price for the board remains to be defined but it will be probably in the 200-250$ range for each child board, plus the cost of the mainboard and necessary components.

The design is intended to be modular and easily scalable.

Power usage data will be released with the full specifications in the next few days.

Cheers!

The asicminer.net Team

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July 16, 2011, 09:56:18 PM
 #13

WOW, $200 - $250 per 500Mhash?   250x12=$3000
-----------------------------------------------------------------


Quote
Proper cooling is required for each child board to reach stability and we are working on a solution right now.

Price for the board remains to be defined but it will be probably in the 200-250$ range for each child board, plus the cost of the mainboard and necessary components.

That's points can add easily another 3-4000$ to your calculation. Overall a 6GHash/s rigs can pay itself in 8-9 months even if BTC drops to 10$ and difficulty doubles

Bitrated user: ercolinux.
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