Official BITMINE CoinCraft series 28nm ASIC miners thread

[dplusf]

ATTENTION: if you just need need technical support and didnt bother with the whole other legal and angry stuff with bitmine than please overread the following!

the reply:

I'm sorry but I didn't read about the guy who lost his house and/or his family,
but everyone who is in bitcoin market should now the risk and must not gamble with money that cannot afford to lose.

Hey!!!!

we have'nt bought bitcoin and the value of BTC plumbs to zero. we have invested in a "so called bitcoin mining" company. In a company in a land were are laws and democracy and good reputation.
and you tell us because of you are dealing with bitcoin thats a excuse for all the horrible fuck bitmine.ch was doing for at least more than a half year and was not been able to fix anything in a timeframe half a year and more?

Imagine if companys in another industries tells you: "hey, why so angry? do not gamble with money you cannot afford to lose!"
hahahahaha, it would be hilarious if its were not so sad!!

and the bitcoin industrie is also for sure a excuse for you why THE FUCK YOU dont update your customers?!?

are you fucking KIDDING US!!!!!

"everyone in the bitcoin market should now the risk and must not gamble with money that cannot afford to lose!!!!!"

i was not gambling with money.
i was investing!!!! Lots of my money that was really really hard earned in the last years. blood, sweat, tears, anger. its all in my fucking money!!!!

you think i was not working 14 hours a day and 7 days a week to save that money?!? hence i have two jobs and iam working as a freelancer and i am  mining!
every single customer from you is a husband or wife and or father or mum and have sons or daughters or are sons or are just a human beeings who have worked incredible hard to invest in a better future. they have believed in you.

AND YOU!
but good to hear that for your self your fucking whole operation seems like a big gamble for you either!
i am sure that every customer from you was not gambling with money.
Instead i think that lots of your customers came from middle europe. people who thought china is far away and they feel not good about investing so much money in china. than rather swiss than china.

THE bitcoin industrie is also not a excuse for YOU to break YOUR OWN TOS!!!!! for not beeing legal, for acting outside the law! who are you??
silkmine?? the dread pirate giorgio??

you have laws in your country. you are just so close to a situation hashfast learns right now. if you dont know what i mean just read their thread.

AAAAAAND ITS NOT A EXCUSE FOR YOU TO WRECK PEOPLES LIFE!!!!!!


(you can imange that i havnt recieved my refund yet. but i do not think that if i ever get it back i will calm down for this shit)

[1715033388]

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[1715033388]

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[masterOfDisaster]

So much rant. So many reasons. No wow.

That's what a company like Bitmine gets when it behaves this way.
At least future customers are warned - not that this would help any of the already fooled "customers".

[Collider]

There is no way they burned through all the pre-order money, selling stuff at 5$/GH.

That gives them so much profit, they can refund one customer for every unit they deliver and still make a profit.

They went on selling units in March and April, for the same 5$/GH. They are expected to have more than enough funds to refund anyone who is entitled to it.

[one4many]

Sad angry rant deleted!

I think after all, nobody forced you to invest in something which is highly risky. But you did.
I guess your own greed ate your mind. Remember the sentence: "If something seems to good to be true, it probably isn't!"

Because money is involved your greedy brain turns off all warning signs. Just look at the history of Bitcoin mining equipment companies. Has a single one delivered on time in the past? Probably not! Something like in the high 90 % has not delivered on time. Even bitmine.ch has not delivered on time at the first Avalon batch.

So why on earth do you risk your life? GREED is the answer ...

Now that you have lost a huge junk of your money the sad truth remains. The truth tries to teach you a lesson, but you probably won't listen. All you do is blame others but not yourself. Even if it is others people fault, that you have lost the money, in the end you HAVE to accept -- that it was YOU -- who has given your hard earned money away (in a risky greedy decision).

BTW: It is not true that only the Bitcoin industry delivers late. Have a look around on kickstarter.com, there is only a hand full of project which deliver on time. I myself invested in a hand full of projects and NOT A SINGLE ONE HAS DELIVERED ON TIME. All of them have to do with electronics and are quite famous, for example Pebble, over ONE YEAR LATE in Europe.

I hope you do recover in the end, but let greed never make any decision for you again.

All the best!

    one4many

[stevebrowne]

Remember that wallet is where incoming money goes. We are not seeing the wallets that they are inevitably mining coins into.  We know they had chips back in December. They have been mining with the desk units that weren't sent out on time, i.e. taking the profit we were all expecting. As someone many months ago said, they would only start shipping once that profit had been taken. That turns out to have been remarkbly prescient.

If anyone can find those BTC addresses, I would like to include them in a briefing pack for my lawyer selection.

[jseppeli]

Remember that wallet is where incoming money goes. We are not seeing the wallets that they are inevitably mining coins into.  We know they had chips back in December. They have been mining with the desk units that weren't sent out on time, i.e. taking the profit we were all expecting. As someone many months ago said, they would only start shipping once that profit had been taken. That turns out to have been remarkbly prescient.

If anyone can find those BTC addresses, I would like to include them in a briefing pack for my lawyer selection.

it would be nice if they who have gotten their refunds in BTC would check if it came from another wallet than the one where bitmine has it's 1800BTC

[goligo]

...
i was not gambling with money.
i was investing!!!! Lots of my money that was really really hard earned in the last years. blood, sweat, tears, anger. its all in my fucking money!!!!
...

Everybody who did invest money he cannot afford to lose, is either braindead or cannot read. If you google for Bitcoin, every second site explains, that Bitcoins are a high risk investment and the value of the Bitcoin is very unstable. Investing in either Bitcoins directly, in Bitcoin mining equipment or other Bitcoin related companies is gambling.

Based on the information I have seen yet, Bitmine is a legit company, they are shipping and they are processing refunds. For sure they are much better than BFL, my last BFL order was almost a year late, Bitmine just 3 month. Will I ever get ROI on the Bitmine machines? I don't know, depends on the further development of the difficulty and the Bitcoin value. Every mining equipment I have owned before paid back its price at least ten times.

[dplusf]

...
i was not gambling with money.
i was investing!!!! Lots of my money that was really really hard earned in the last years. blood, sweat, tears, anger. its all in my fucking money!!!!
...

Everybody who did invest money he cannot afford to lose, is either braindead or cannot read. If you google for Bitcoin, every second site explains, that Bitcoins are a high risk investment and the value of the Bitcoin is very unstable. Investing in either Bitcoins directly, in Bitcoin mining equipment or other Bitcoin related companies is gambling.

Based on the information I have seen yet, Bitmine is a legit company, they are shipping and they are processing refunds. For sure they are much better than BFL, my last BFL order was almost a year late, Bitmine just 3 month. Will I ever get ROI on the Bitmine machines? I don't know, depends on the further development of the difficulty and the Bitcoin value. Every mining equipment I have owned before paid back its price at least ten times.

No its not gambling. Do you think that Major VC's are gambling?
Their are investing not gambling. Bitcoin is a technology not a game. if it is for you a game than you are a hobbiest mining in your closet. there are other people really serious about it.

gambling is casino. this is business. high risk business. yes and we know that. but high risk investment gives no mining manufacturer the right to fuck with their customer as bitmine.ch did and act outside the law. this hasnt to do anything with bitcoin. this is just criminal.

And my sad angry post is not about the 120 coins i have could make till now if they shipped on time. no this was expected by everyone, me included. i know that everyone has experience delays in the past. this is not my first manufacturer i am dealing with.

it is because:

... NOT processing refunds. look at bitminerefund.com
... breaking every single word they have said
... tricked many customers into upgrading the order despite that have known that they cannot ship on time
... not updating the customers about months
... changing the TOS to their will
... and many more.

after all and the greed post. i can only say: the woman who gets raped has wanted so because she was wearing high heels and shorts?
so i was greed and get what i deserved? in wich world do you live? honestly i think you have had good intention to write this post, but it isnt that easy.

so again sorry for bothering you all with this stuff but future customers need to know. that easy.

[crocko]

Sad angry rant deleted!

I think after all, nobody forced you to invest in something which is highly risky. But you did.
I guess your own greed ate your mind. Remember the sentence: "If something seems to good to be true, it probably isn't!"

Because money is involved your greedy brain turns off all warning signs. Just look at the history of Bitcoin mining equipment companies. Has a single one delivered on time in the past? Probably not! Something like in the high 90 % has not delivered on time. Even bitmine.ch has not delivered on time at the first Avalon batch.

So why on earth do you risk your life? GREED is the answer ...

Now that you have lost a huge junk of your money the sad truth remains. The truth tries to teach you a lesson, but you probably won't listen. All you do is blame others but not yourself. Even if it is others people fault, that you have lost the money, in the end you HAVE to accept -- that it was YOU -- who has given your hard earned money away (in a risky greedy decision).

BTW: It is not true that only the Bitcoin industry delivers late. Have a look around on kickstarter.com, there is only a hand full of project which deliver on time. I myself invested in a hand full of projects and NOT A SINGLE ONE HAS DELIVERED ON TIME. All of them have to do with electronics and are quite famous, for example Pebble, over ONE YEAR LATE in Europe.

I hope you do recover in the end, but let greed never make any decision for you again.

All the best!

    one4many

Shut up dude !
You are so double-faced !
If you consider investing in Bitcoin is highly risky, why are you here on the forum where everybody talk about Bitcoins, ASICs,money etc?
Stay home, die in your own bed !
And don't dare to blame the honest customers who sent their money / Bitcoins to Bimine AG, only to be delayed, lied or ignored !
I believed myself then I saw Bitmine AG's movie with the 1st Coincraft Desk functional prototype.
On the beginning they seems to be KNC #2.
I missed the opportunity to buy a KNC Jupiter, therefore I jumped in this bandwagon.
Unfortunately Bitmine AG really DONT'CARE about the customers: they deliver faulty products and with huge delay, they lack communications skills and even worse, they don't refund anymore.
 

[bidoh]

I just bought a new car. The car has a 1Litre Engine but the turbo makes it run at 1.5Litres. The windscreen wiper has an on/off switch which means I have a power saving mode that other drivers dont get. The salesman confirmed a March delivery of my car and I preordered as he was confident that he could get me my car before the rest of society did, meaning it would be easier to drive as there would be less people on the road so it would be less difficult. It has a superb battery that runs a 1875rpm which which would fully power the turbo on my car if i provide enough cooling.

The car doesnt arrive.
The car compnay started a new factory for a newer, bigger customers first.
The car doesnt arrive.
The car company boss buys a new ferrari with my money.
The car doesnt arrive.
The car company held their financial assets on a Magic The Gathering Exchange and doesnt tell anyone.
The car doesnt arrive.
The car company doesnt release any information.
The car doesnt arrive.
The car company doesnt seem to be processing a lot of peoples requests for information or cancellations.

I get nervous and get in touch with the car company and request a cancellation. They eventually give me a date i can cancel (two days later) but within 30mins I recieved a shipping notification - my car was on its way! Oh well. a new adventure then.

My car arrived late but it has a side car, the CCCP machine (USSR-era built lada-like-shitbox and none of the display or dials work, typical!). It had a 1Litre engine but the turbo didnt seem to work. So i couldnt get it to run at 1.5 litres of even close. There is no windscreen wiper on/off switch so I cant run power saving mode. My windscreen wipers now run constantly! The roads are also full. About 400% more full than when I ordered the car - I should have bought a bus ticket. Also the battery only works at 1000rpm with the car company telling me it runs at 1500rpm but provides no evidence of this.

My car isnt what I ordered. Surely I have some rights?

Right, ananlogy over. If a car company who charged $6000 dollars for a car and didnt do anything to include parts that remotely resembeled their initail specifications, would they get away with it?

[crocko]

@bidoh

+1 true, but sad
Still I don't believe the part with the "Magic The Gathering Exchange", I bet this is a only a rumor that cover the cost of the Ferrari 

[atta2k15]

I think you just have to wait longer with all this negativism... 

[atta2k15]

The only thing that will help here is:

* keep it strict business
* be polite, calling names/accusations on forum is no good for anything

but if everyone, who is waiting, will post a message here in this format:
ex. (color red):

Order nr: xxxxxx
Order date: 2014-01-01
Est delivery date: 2014-01-01
Amount paid: $xxxx

it will be more obvious for Bitmine AND others.
I know they will read this, but hammering on all bad things will not getting anyone doing something.

With this the forum will be more readable for everyone.

(just an idea)

[gpufreak]

The only thing that will help here is:

* keep it strict business
* be polite, calling names/accusations on forum is no good for anything

but if everyone, who is waiting, will post a message here in this format:
ex. (color red):

Order nr: xxxxxx
Order date: 2014-01-01
Est delivery date: 2014-01-01
Amount paid: $xxxx

it will be more obvious for Bitmine AND others.
I know they will read this, but hammering on all bad things will not getting anyone doing something.

With this the forum will be more readable for everyone.

(just an idea)

Isn't that where www.bitminerefund.com is actually for?

[crocko]

I think you just have to wait longer with all this negativism...  

Why do you think this ? Sounds like I will be "punnished" by Bitmine.ch because I dare to ask for my rights !

The only thing that will help here is:

* keep it strict business
* be polite, calling names/accusations on forum is no good for anything

but if everyone, who is waiting, will post a message here in this format:
ex. (color red):

Order nr: xxxxxx
Order date: 2014-01-01
Est delivery date: 2014-01-01
Amount paid: $xxxx

it will be more obvious for Bitmine AND others.
I know they will read this, but hammering on all bad things will not getting anyone doing something.

With this the forum will be more readable for everyone.

(just an idea)

FYI, I did it already, but I can't provide some information like: Refund Confirmed Date / Refund Due Date because Bitmine.ch don't even answered to my refund request !



And please STOP mocking the unlucky customers like me ! At least you have received your ASICs, mine in peace and give me / us a break !

[RoboRob67]

I picked up my 2 replacement desks (instead of the ordered rig) of order 43xx today + 1 compensation desk.  The fact that we had to pay 8% VAT at delivery was a surprise to me (since we were exporting the devices) but we came to a mutual acceptable agreement on it.

Delivery of the desks was smooth, they were carefully packed, carried for us to our car and free coffee was provided.  Small tour through the facilities was also included.

We had a small issue with one of the internal Raspberry Pi units occurred while plugging in the LAN cable in one of the desks but that was quickly resolved by putting the RPi board back in as intended.

All and all a long drive but worthwhile making the trip.  The desks are now humming in their rack producing the first fractions of bitcoins...

photo's will follow later...

[crocko]

Hello RoboRob67 !

If you did this long trip to the Bitmine AG locations, why didn't you picked up your Coincraft RIG ?
The production of the RIGs has even started ?

[RoboRob67]

Hello RoboRob67 !

If you did this long trip to the Bitmine AG locations, why didn't you picked up your Coincraft RIG ?
The production of the RIGs has even started ?

I didn't get the impression RIGs were produced for customers yet...

[RoboRob67]

Hi all,

After a very nice and long drive from the Netherlands to the beautiful Swiss we were able to visit lake Locarno (which is 15 mins from the offices of Bitmine AG):

http://www.ncrs.nl/downloads/Locarno.jpg

Some info on the 3 1TH/s desks and other statistics to give you an idea of how things are going so far...

The three rigs are now hashing away happily.  Temperatures per rig vary a little due to height of installation of the desks in the garage.

http://www.ncrs.nl/downloads/desks.jpg

I had two desks running all night consuming 25 kWh (app € 5 costs) and producing €11.50.  This morning miner 3 joined (I had to reroute from another wall outlet to spread the load a bit from our net over different groups). Power consumption chart from the "slimme meter" (please not the 3rd desk being added at 07:45 increasing another 1.1 kW/h load).

http://www.ncrs.nl/downloads/power.jpg

Here the dashboard of the lowest positioned desk (the other two desks are comparable but running a bit hotter at approx. 60 C):

http://www.ncrs.nl/downloads/dashboard.jpg

Last but not least some statistics of the three cgminer engines (note miner 3 was just started at that time):

http://www.ncrs.nl/downloads/statistics.PNG

The miners were running is the "standard" mode and are doing fine so far...

[Collider]

In case anyone is interested:

Peta-Mine has no more orders with bitmine, instead ordering 1000TH from Bitfury (3,5TH 0,785W/GH rigs)

Deployment will be finished at the end of the month, giving Peta-Mine a total of 1500TH.

They only received slightly over 200 desks from Bitmine, the rest was chips.

Going forward, this should speed delivery of the coincraft desks aswell as rigs to other customers up.