ntek 1.2th/s miner?

[ntekcomputers]

Let me guess, your the owner of that Chinese made garbage?  Look through the threads, many customers of the NEW S2 ant miners are complaining of issues already regarding poor design and defects.  You'll also find complaints regarding faulty boards and poor components in the LKETC miners (aka DragonMiner).  Yes they are cheap and yes they are hashing away at this moment but I give each one of these miners a 2-3 month lifespan at the most.     

Let me guess you're not the owner of an all American made miner? I can tell you this..almost all of the first asic miners came from china over a year ago and they're still hashing away. Avalon, ASICminer, and almost all of the chips for most other mining companies come from china. I agree it would be nice to support our great USA, but I'm not sure there is a reliable miner producer here? As far as the maker of the the miner mentioned in this thread..well they haven't produced a miner yet for the orders and even when/if they do it'll be made with chips from some far off land. So I'm not sure what you have against Chinese miners, but for the money I can buy 3th compared to the 1 supposed TH here.

There is nothing wrong with products made in China. In fact I will admit that some of the manufacturing factories in China especially for PCB's run a much tighter ship than PCB builders in the USA. We even tried to work with a PCB builder in California from the start but found ourselves having problems with them that caused mistakes and lost time.

As everyone knows iPhones and the rest of Apple's amazing products are all manufactured in China. Headstrong97 was not trying to make the "American made vs. China." I think we all know that is an old misnomer from the 90's when many adults in America made a big stink over only buying American made cars. We all know that German and Japanese cars last much longer than many of the cheaper GM and Ford cars for example.

I think what Headstrong97 was just saying is you can buy cheap products anywhere and you can buy quality products anywhere too. There are cheap TH/s miners coming out of China and I am sure there are good ones too made with better parts.

The only thing that really matters is the quality. It is not comparing apples to oranges to say a $3000 miners is the same as one made with much higher quality parts that cost $6500 or more.

You have to ask yourself if something cost one company several thousands more to build then how is that other company selling supposedly the same thing for so much less? Some people want to buy a product that is well made and using only the best components from known reputable parts distributors and others want a product that feels like they are buying an Apple Macbook. If you do not care if the miner will get extremely hot, be super loud, and most likely never get over 1.1TH/s then I am sure the cheap version will make you happy.

However if you want something that is much more likely to get to its peak hashing potential. Has some really talented software and hardware engineers behind it to provide support etc...

Also please stay tuned to what we will be able to offer once we get our first batch of nTek miners delivered. Because we took the time to really work out an amazing cooling system we are much more likely to be able to reach the peak potential of the A1 chips.

[1714687251]

1714687251

[1714687251]

1714687251

[Headstrong97]

I worded that wrong, no not eveything that is manafactured in China is cheap garbage because like what Ry said alot of name brand top quality electronics are produced there.  And yes the Avalons and AsicMiners (the originals, not knockoffs) are good quality miners but these new generation 28nm miners are being rushed out to the large empty gap in the miner industry by skipping quality control practices and using cheap refurbished components to cut costs.  So naturally they are taking the market by storm with being readily available and at a cheaper price but what you are getting is a cheap product(you get what you pay for) whose cheap components will most likely burnout on you.   

[Bicknellski]

Also please stay tuned to what we will be able to offer once we get our first batch of nTek miners delivered. Because we took the time to really work out an amazing cooling system we are much more likely to be able to reach the peak potential of the A1 chips.

Can't wait to see these things hash over the A1 standard are there in the wild yet nTek or some vids on it going over the base rate?
Posted from Bitcointa.lk - #xu7xaJScTFLa6Es8

[ntekcomputers]

Copy of email sent to customers as an update on April 11, 2014



Hello,


A few people have asked for me to calculate out the amount of Bitcoin they will end up getting through the nTek ROI agreement for each day the miners are delayed.

Please use this simple spread sheet to calculate the ROI compensation for your two order dates:
https://docs.google.com/spreadsheet/ccc?key=0AqKRhsHRUZTodE4tSWctSWlya0huZ01iQmZlbmdtVlE&usp=sharing

Also I am calculating it for you here AS AN EXAMPLE of an order that was placed on January 30th, so you can see exactly how the calculations work. Please fee free to make a copy of the spreadsheet above from Google Drive and use it to track the BTC ROI for your exact order date.

Order # 1075: placed Jan 30, 5:04pm  8.36079989 Bitcoin from Jan 30 through April 11   (NOTE: if you want me to calculate out the ROI for you then please send me a request through email)

NOTE: Please See Google Doc above as the formatting of this chart is a bit strange when pasted in without highlighted cells.

1/30/2014   2621404453   0.23021546      MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   
1/31/2014   2621404453   0.23021546      14   
2/1/2014   2621404453   0.23021546         
2/2/2014   2621404453   0.23021546      Days   
2/3/2014   2621404453   0.23021546         
2/4/2014   2621404453   0.23021546      plus   
2/5/2014   3129573175   0.19283391         
2/6/2014   3129573175   0.19283391      3-days   
2/7/2014   3129573175   0.19283391         
2/8/2014   3129573175   0.19283391      S+H   
2/9/2014   3129573175   0.19283391         
2/10/2014   3129573175   0.19283391         
2/11/2014   3129573175   0.19283391         
2/12/2014   3129573175   0.19283391         
2/13/2014   3129573175   0.19283391      17 days total   
2/14/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/16/2014   3129573175   0.19283391   <-------------------------   MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   Start calculating on this day!
2/17/2014   3129573175   0.19283391         
2/18/2014   3129573175   0.19283391         
2/19/2014   3129573175   0.19283391         
2/20/2014   3129573175   0.19283391         
2/21/2014   3129573175   0.19283391         
2/22/2014   3129573175   0.19283391         
2/23/2014   3129573175   0.19283391         
2/24/2014   3129573175   0.19283391         
2/25/2014   3129573175   0.19283391         
2/26/2014   3129573175   0.19283391         
2/27/2014   3129573175   0.19283391         
2/28/2014   3129573175   0.19283391         
3/1/2014   3815723799   0.15815815         
3/2/2014   3815723799   0.15815815         
3/3/2014   3815723799   0.15815815         
3/4/2014   3815723799   0.15815815         
3/5/2014   3815723799   0.15815815         
3/6/2014   3815723799   0.15815815         
3/7/2014   3815723799   0.15815815         
3/8/2014   3815723799   0.15815815         
3/9/2014   3815723799   0.15815815         
3/10/2014   3815723799   0.15815815         
3/11/2014   3815723799   0.15815815         
3/12/2014   3815723799   0.15815815         
3/13/2014   4250217920   0.14198985         
3/14/2014   4250217920   0.14198985         
3/15/2014   4250217920   0.14198985         
3/16/2014   4250217920   0.14198985         
3/17/2014   4250217920   0.14198985         
3/18/2014   4250217920   0.14198985         
3/19/2014   4250217920   0.14198985         
3/20/2014   4250217920   0.14198985         
3/21/2014   4250217920   0.14198985         
3/22/2014   4250217920   0.14198985         
3/23/2014   4250217920   0.14198985         
3/24/2014   4250217920   0.14198985         
3/25/2014   4250217920   0.14198985         
3/26/2014   4250217920   0.14198985         
3/27/2014   4250217920   0.14198985         
3/28/2014   4250217920   0.14198985         
3/29/2014   4250217920   0.14198985         
3/30/2014   4250217920   0.14198985         
3/31/2014   4250217920   0.14198985         
4/1/2014   4250217920   0.14198985         
4/2/2014   4250217920   0.14198985         
4/3/2014   4250217920   0.14198985         
4/4/2014   4250217920   0.14198985         
4/5/2014   6119726089   0.09861353         
4/6/2014   6119726089   0.09861353         
4/7/2014   6119726089   0.09861353         
4/8/2014   6119726089   0.09861353         
4/9/2014   6119726089   0.09861353         
4/10/2014   6119726089   0.09861353         
4/11/2014   6119726089   0.09861353         
TOTAL:   8.36079989   BTC      


For each additional day we are late you will receive more BTC ROI based on the chart in the Google Doc above. I will keep updating this chart as soon as the difficulty on https://bitcoinwisdom.com/bitcoin/difficultychanges.

We are getting very close to having all the issues worked out with the PCB design as explained in my last email update. I can assure you we have an amazing team working to make sure the nTek PCB design we ship has the capabilities to go much
further than other Bitmine A1 Coincraft miners on the market. None of them have been able to figure out how to go past 1.2Th/s per 40 A1 chips. With our unique cooling system and expert firmware engineering team
we are confident that nTek will soon push the boundaries of Bitcoin mining to new levels.

Please let me know if you have any other questions. Please keep in mind that if I do not respond for a few days I will still get back to you ASAP. We are head deep in making sure we are moving forward as fast as possible so and I promise to do my best to respond in between doing my part on the team management.

Thank you for believing in us and we look forward to providing you with the best cutting edge technology for your crypto currency mining for a long time to come!

Best Regards,

Ry

[studio1one]

I worded that wrong, no not eveything that is manafactured in China is cheap garbage because like what Ry said alot of name brand top quality electronics are produced there.  And yes the Avalons and AsicMiners (the originals, not knockoffs) are good quality miners but these new generation 28nm miners are being rushed out to the large empty gap in the miner industry by skipping quality control practices and using cheap refurbished components to cut costs.  So naturally they are taking the market by storm with being readily available and at a cheaper price but what you are getting is a cheap product(you get what you pay for) whose cheap components will most likely burnout on you.   

Doesn't really matter, in 4 - 5 months they will use more energy than they are mining anyway.

[steve1000]

Those new miners look like (ssjwcow) something Steve Jobs would come out with,keep up the good work Ry

[gallery2000]

Hi,

Are my miners ready to deliver?  If not, when?

[ntekcomputers]

Those new miners look like (ssjwcow) something Steve Jobs would come out with,keep up the good work Ry

Thanks Steve!

nTek's focus is still and will continue to be the miners sold to existing customers from the first batch. The 2.4Th/s nTek miners are made up of two modules in one case so we are not really designing a new product but rather just pushing the space and power capabilities of the design by adding more chips. We wanted to show how the modular design can adapt to the Bitcoin market. Twice as much mining power in one case takes up the same amount of space in a datacenter but with 2X or more hashing power.

We are getting the new PCB design back near the end of this week and as long as updated Hash Unit design checks out good in the bench tests, then we will be able to move to full production of the first batch immediately. While making these design changes has been tough with the extra time we feel it will be worth it in the end to have Hash Unit boards that are of better quality, can be pushed further to the peak limits of the A1 chips and will last a lot longer than other miners on the market now.

(SSJCOW) That is exactly what we are going for. Quality over "quick and cheap." Thank you for the support and words of encouragement.  ;-)

[gallery2000]

Those new miners look like (ssjwcow) something Steve Jobs would come out with,keep up the good work Ry

Thanks Steve!

nTek's focus is still and will continue to be the miners sold to existing customers from the first batch. The 2.4Th/s nTek miners are made up of two modules in one case so we are not really designing a new product but rather just pushing the space and power capabilities of the design by adding more chips. We wanted to show how the modular design can adapt to the Bitcoin market. Twice as much mining power in one case takes up the same amount of space in a datacenter but with 2X or more hashing power.

We are getting the new PCB design back near the end of this week and as long as updated Hash Unit design checks out good in the bench tests, then we will be able to move to full production of the first batch immediately. While making these design changes has been tough with the extra time we feel it will be worth it in the end to have Hash Unit boards that are of better quality, can be pushed further to the peak limits of the A1 chips and will last a lot longer than other miners on the market now.

(SSJCOW) That is exactly what we are going for. Quality over "quick and cheap." Thank you for the support and words of encouragement.  ;-)

Hi,

I am a first patch customer.  When will I get my miners?  Thanks.  You are welcome to send me the 2.4TH instead of 1.2TH of you like.

[steve1000]

I'm a first batch buyer as well,and it hasn't been easy investing in nTek in Jan and seeing what i thought were better deals go by me in the last few months but it all looks like the right thing to do now with the ROI Ry is offering,plus the miners look better than all the ones I've had so far(BFL,KNC) you can't bet that.It will all come together soon i hope,Patience is a virtue my momma always told me.

[ntekcomputers]

Those new miners look like (ssjwcow) something Steve Jobs would come out with,keep up the good work Ry

Thanks Steve!

nTek's focus is still and will continue to be the miners sold to existing customers from the first batch. The 2.4Th/s nTek miners are made up of two modules in one case so we are not really designing a new product but rather just pushing the space and power capabilities of the design by adding more chips. We wanted to show how the modular design can adapt to the Bitcoin market. Twice as much mining power in one case takes up the same amount of space in a datacenter but with 2X or more hashing power.

We are getting the new PCB design back near the end of this week and as long as updated Hash Unit design checks out good in the bench tests, then we will be able to move to full production of the first batch immediately. While making these design changes has been tough with the extra time we feel it will be worth it in the end to have Hash Unit boards that are of better quality, can be pushed further to the peak limits of the A1 chips and will last a lot longer than other miners on the market now.

(SSJCOW) That is exactly what we are going for. Quality over "quick and cheap." Thank you for the support and words of encouragement.  ;-)

Hi,

I am a first patch customer.  When will I get my miners?  Thanks.  You are welcome to send me the 2.4TH instead of 1.2TH of you like.

gallery2000, you already requested a refund to your credit card and according to our records it was issued. Orders: # 1032 and 1047  have been refunded. Please check with your credit card or bank and you should see that they were refunded.

[steve1000]

No new news? anything at all? a release date or something,anyone on the list get one of these miners yet? it's been a couple of weeks since the last update hope there are no new problems?

[steve1000]

Hi Steve,

Yes...good news!!! Will be shipping soon. More details to come soon.

Just been quiet because been working on so many things in the background to be able to give amazing new options to you and the other 20 or so existing customers.

You are not going to believe it but we can provide the same miner design with the new A2 chip that can mine 90Mh/s in a single box for Scrypt. That is about $150/day in Litecoin so each box can ROI in less than 3 months. That is like the opportunity we had with BTC in December/January because the Chinese flooded the market.

I can tell you though that things are changing because China cannot use BTC anymore. They are looking for new ways to continue in the digital currency space.

Let me know if your interested in seeing a live demo over Skype Video or Facetime on an iPhone of one of the Scrypt miners running. I have a 32 chip one here running as a demo. I can get those miners pre-built at the factory in China within just a few days. This can help you get an ROI and also help us make back money lost from Bitmine's screwups since January.

Good news is that we have fully working design now. Please post to the public forum just so people are not wondering.

Are things okay on your end?

Best,

Your friend Ry ;-)



Got this message from Ry on the weekend and just reposted it for everyone to see
                                                                                                            Steve

[mdekerever]

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

[philipma1957]

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

Dude  I am sorry to say but this looks like you have been BFL'd by Ry and his nTek miners. 

I am sorry for your loss and all other miners that purchased from them.

I have been burned myself a few times. Just for  less then you.

[ntekcomputers]

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

Hello mdekerever,

Please excuse me for not responding with an update more recently. I just replied to your email right now...

We have been very busy working to make sure all logistics are handled right away. I was actually trying to send out an update to customers since last weekend and kept getting pulled away to help with one thing or another.

Update to follow below...

Ry

[ntekcomputers]

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

Dude  I am sorry to say but this looks like you have been BFL'd by Ry and his nTek miners.  

I am sorry for your loss and all other miners that purchased from them.

I have been burned myself a few times. Just for  less then you.

As a quick update...Everything is still going according to plan. We will have the first batch of A1  (1.2Th/s or greater) nTek miners delivers and or online before the end of May. We will also fully honor the ROI agreement that was shared here openly.

We are nothing like BFL as we are offering ROI compensation to our customers well before they ever even asked us for this. We are nothing like KnC who tried to convert the hardware orders to cloud hashing only if you agreed to not getting the hardware in return. In fact we are still going to deliver all miners to the small batch of first customers and in addition give the ROI compensation detailed on our Blog and this forum. We are delivering both so for anyone to say we are like BFL, KnC, HashFast is not accurate. I understand we must prove this so we will soon be doing just that.

I can see already some new Scrypt miner companies sprouting up and using this same model of offering ROI compensation if they have any delays of delivering. This is great to see that taking a big step like this has helped others in the community see that the digital currency hardware industry does not need to be the way it has. The companies that will survive through all the stuff going on now with drop in BTC value and rise in difficulty will ONLY be the companies that innovate. Innovation will come through new ways of using digital currency and it not being just about money alone but rather what can people can do to improve other areas of life, science, health, the environment etc...

Our main goal is to prove to our small group of early customers and the rest of the community that mining hardware sales can be done differently. Once our first batch is out we will move towards in "IN STOCK" policy but still keep the ROI agreement for larger orders only when necessary. There will be no more pre-orders and I hope this sets a new precedence for the rest of the industry. We never intended for this to be anything like a pre-order. We went off of what Bitmine.ch told us in January that we could take their PCB design and have a working miner within a week from PCB builders in California.

Eventually we had to redesign the PCB completely but in the meantime it was not fair to our early customers who paid in January at the value of 1.2TH/s back then. $8500 was a fair price for 1.2TH/s in January but of course it is not now...This is why we offered the ROI compensation agreement because it makes that higher cost paid in January go down really low. Many of the early customers are in fact going to received more BTC then what they paid for the miners originally. For other customers who did not want to wait when we first offered the ROI agreement in March; they were given refunds.

Again sorry for not giving a public update recently but I just wanted to let everyone know that we are still working hard and nothing has changed or will change with the plan.

Feel free to post questions here so I can reply to the group all at once. Makes things easier...

Thank you for reading!

Ry

[mdekerever]

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

Dude  I am sorry to say but this looks like you have been BFL'd by Ry and his nTek miners. 

I am sorry for your loss and all other miners that purchased from them.

I have been burned myself a few times. Just for  less then you.

Good news !
I had feedback from Ry finally and we are close to the strat of ROI payment and real mining with the Ntek miners.
It had been very long but it should be for this week end !
So no scam, no worries.
Looking forward to see the Th/s mining for real.

[steve1000]

Anyone receive a miner yet?Or any news?

[gallery2000]

Anyone receive a miner yet?Or any news?

No.  I got my money back.