[BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon

[KCBitcoin]

鸭嘴兽是一个快乐的表。

Platypus is a happy table.

I... wait what?

LOL...

[1715694531]

1715694531

[1715694531]

1715694531

[dexX7]

yianding:

As far as I understand, you say GARDEN is fraudulent, but Google translate doesn't do a very good job on translating Chinese. What are the reasons for your claim?

[ronaldlee0917]

yianding:

As far as I understand, you say GARDEN is fraudulent, but Google translate doesn't do a very good job on translating Chinese. What are the reasons for your claim?

He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572

[dexX7]

He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572

Thanks ronaldlee0917. Just to be sure: yianding is the criminal and in the thread you linked nightcat (a former BTCMAN webmaster) provides evidence for this claim?

[kingcrimson]

Looks like the discourse isn't much better on their side of the forum:

[ronaldlee0917]

He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572

Thanks ronaldlee0917. Just to be sure: yianding is the criminal and in the thread you linked nightcat (a former BTCMAN webmaster) provides evidence for this claim?

Exactly. He was trying to scam BtcGarden into buying back his "shares" which he allegedly does not own any at all. He was angered BtcGarden did not send the bitcoins first and fall to his trap, so he retaliated by spreading false rumours and tarnish the reputation of BtcGarden. Morever he had a long history of scamming people, spreading trojans, so what he said could be safely ignored.

[KCBitcoin]

He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572

Thanks ronaldlee0917. Just to be sure: yianding is the criminal and in the thread you linked nightcat (a former BTCMAN webmaster) provides evidence for this claim?

Exactly. He was trying to scam BtcGarden into buying back his "shares" which he allegedly does not own any at all. He was angered BtcGarden did not send the bitcoins first and fall to his trap, so he retaliated by spreading false rumours and tarnish the reputation of BtcGarden. Morever he had a long history of scamming people, spreading trojans, so what he said could be safely ignored.

I think what dexX7 was trying to say is: a former BTCMAN webmaster's evidence is not as convincing, since they(nightcat, the webmaster and aiwill, the CEO) are on the same boat.
However, dexX7, the posts nightcat quoted in his reply are claims from numerous Chinese victims from numerous sources against this yianding guy since 2009.

Your own discretion is highly advised.

[superduh]

command of chinese language seems more important than anything else at the moment -

[dexX7]

I think what dexX7 was trying to say is: a former BTCMAN webmaster's evidence is not as convincing, since they(nightcat, the webmaster and aiwill, the CEO) are on the same boat.
However, dexX7, the posts nightcat quoted in his reply are claims from numerous Chinese victims from numerous sources against this yianding guy since 2009.

No.

I just asked for another confirmation, because I can only use translation to understand what they write in the posts. I think a BTCMAN admin has a lot more credibility than a user with 31 posts and thus I believe you that yianding is the the scammer.

Thanks everyone for helping to understand the situation.

[kmtan]

Update :

We have received our sample-PCB and it is being tested in every aspect. Everything s running well so far. ( Mass production of PCBs will start later and can be finished within one week in Shenzhen)
We also dealed with an acquaintances packaging factory to shorten the Package period from 10days to 3days. I.E. we will get our chips in hand only 3-4 days later after out of  Fab.
We will hold a meeting next weekend in Beijing to discuz our future plans incl.: 2nd gen chips, deployment plans for 1st gen chips, application of analog circuit  in our project , a lot of experts both on R and D have been invited.

thanks for the update. i had purchase a little volume of share, BTCGARDEN look good, will continue top up for the share.
cheer

[alexius89]

@aiwill  any further news for shareholders?

[dexX7]

Looks like BTCGARDEN has booked some advertise slots on this forum.



https://bitcointalk.org/adrotate.php?adinfo

[alexius89]

Looks like BTCGARDEN has booked some advertise slots on this forum.



https://bitcointalk.org/adrotate.php?adinfo

Woow  that's cool even three 3 Slots!  I Like it! :-)

Hope some guys are able to see the potential of this security!

[Vbs]

Some questions:

1) Can you give more detailed information regarding how you simulated chip power consumption? You are stating a very efficient 3.75W/GH/s for a 130nm node, while Avalon chips on a 110nm node (more efficient) are getting at best 6.6W/GH/s.

2) You are estimating deployment of 350TH by the end of 2013, and even with 3.75W/GH/s, that's a power consumtion of 1,312.5 kWh. How are you going to manage a 1.3 MWh facility?

3) Can you provide a better explanation of your profit projections? Let's say all goes well and you have 350TH mining in the 1st of December 2013. Let's also assume you have incredible logistics and get the 350TH just from the current 2M shares @ BTC0.016. You'll have around ~5 months of profit before the huge energy bill starts eating the revenue and making the profit negative (~May 2014). Unfortunately, the cumulative return is also bound to never return those initial BTC32,000.

Data: http://mining.thegenesisblock.com/

[lysr]

What worries me the most is the lack of testing before mass production, they skip an entire phase in IC development life cycle.
It may either be an overconfidence or a gamble. I am not a hardware expert and I don't know how simple the design of a SHA256 chip could be, but without testing...really? Even simple HelloWorld programs could go wrong without testing... Does the time saved justify the much elevated risk?
It would be wise to sideline and wait for the result of their test run before buying, they have yet to provide any evidence of their chips working, the enormous risk taken now is more like a gamble than an investment.

[zy02264]

Some questions:

1) Can you give more detailed information regarding how you simulated chip power consumption? You are stating a very efficient 3.75W/GH/s for a 130nm node, while Avalon chips on a 110nm node (more efficient) are getting at best 6.6W/GH/s.

2) You are estimating deployment of 350TH by the end of 2013, and even with 3.75W/GH/s, that's a power consumtion of 1,312.5 kWh. How are you going to manage a 1.3 MWh facility?

3) Can you provide a better explanation of your profit projections? Let's say all goes well and you have 350TH mining in the 1st of December 2013. Let's also assume you have incredible logistics and get the 350TH just from the current 2M shares @ BTC0.016. You'll have around ~5 months of profit before the huge energy bill starts eating the revenue and making the profit negative (~May 2014). Unfortunately, the cumulative return is also bound to never return those initial BTC32,000.

Data: http://mining.thegenesisblock.com/

Come on, you know how these ASIC companies work: if they say "the end of 2013", that could be Dec 31st or even later, but definitely not Dec 1st

[ronaldlee0917]

What worries me the most is the lack of testing before mass production, they skip an entire phase in IC development life cycle.
It may either be an overconfidence or a gamble. I am not a hardware expert and I don't know how simple the design of a SHA256 chip could be, but without testing...really? Even simple HelloWorld programs could go wrong without testing... Does the time saved justify the much elevated risk?
It would be wise to sideline and wait for the result of their test run before buying, they have yet to provide any evidence of their chips working, the enormous risk taken now is more like a gamble than an investment.

The risk is already explained here:

1. There are still several risky factors which might lead to a failure of this project such as:
the failure of our chips;
the failure of first batch`s Tapeout ;
the illness or other severe health or life problems of issuers;

Investors of BtcGarden should be already aware of this and are willing to take this.

[redbeans2012]

Some questions:

1) Can you give more detailed information regarding how you simulated chip power consumption? You are stating a very efficient 3.75W/GH/s for a 130nm node, while Avalon chips on a 110nm node (more efficient) are getting at best 6.6W/GH/s.

2) You are estimating deployment of 350TH by the end of 2013, and even with 3.75W/GH/s, that's a power consumtion of 1,312.5 kWh. How are you going to manage a 1.3 MWh facility?

3) Can you provide a better explanation of your profit projections? Let's say all goes well and you have 350TH mining in the 1st of December 2013. Let's also assume you have incredible logistics and get the 350TH just from the current 2M shares @ BTC0.016. You'll have around ~5 months of profit before the huge energy bill starts eating the revenue and making the profit negative (~May 2014). Unfortunately, the cumulative return is also bound to never return those initial BTC32,000.

Data: http://mining.thegenesisblock.com/

To be fair they claim to be starting to put thei stuff online by September am I correct?  That chart a little misleading.

[JimiQ84]

To be fair they claim to be starting to put thei stuff online by September am I correct?  That chart a little misleading.

Also, 75% monthly difficulty rise until forever?

[kokojie]

To be fair they claim to be starting to put thei stuff online by September am I correct?  That chart a little misleading.

Also, 75% monthly difficulty rise until forever?

Yeah because that's sustainable, even though we will run out of all earth's resources by year 5 or so, we'll just have to start mining on Mars.