New Revolutionary Mining Technology

[empoweoqwj]

"Limited number of pre-orders" - yes, makes me feel a SCAM is upon us.

[Aldur1]

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I am going to hold of making any more controversial statements right now, as I can see there are many mixed feelings, but we are and we intend to stay here.  I am thinking a good way to address many of these concerns is hold a public event with key members of our project to answer your questions live at an event which we would stream as well.  If anyone has any advise on how we can proceed and arrange such an event your advise would be welcome.  And equally please keep the hard questions coming.  It is my opinion if we cannot answer all of your questions reasonably then we have to re-evaluate prior to launch but we will launch.  And this will represent a shift in the mining market place.

And before i end this very exciting and much anticipated day I would like to conclude with for all those of you who do know me personally and have done business with me.  Or have consulted with us along the way please endorse us in this thread and help our credibility, I suspect that there are a few well known members of the community who can do so.

Goodnight and Welcome to the Future!

The BitEx Team
https://bitex.co.uk/who_we_are.htm\

And as a final Gesture i have noticed i negleted to add my linked in to my profile on our site so please find it here:
uk.linkedin.com/in/oliverhafner/
https://trustcloud.com/profile
http://my.miicard.com/card/hafnero
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[empoweoqwj]

Try delivering a product that people can see working (and possibly even buy) instead of taking pre-orders based on a 3D graphic. Pre-orders from a new company declaring something "revolutionary" smells very nasty. Prove me wrong

[Aldur1]

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"Limited number of pre-orders" - yes, makes me feel a SCAM is upon us.

Final response for this session I'm afraid now, Yes there will be a limited number of special offer pre-orders where we offer extra bits, the reason for this is two fold:

1. It reduces the potential impact of any bugs we miss prior to initial release and gives us an opportunity to resolve before shipping en-masse
2. by offering extras such as examples I gave earlier it is our way of thanking people for putting their faith in us rather than needing to see a final prototype to place their order.  Its a thanks from us for supporting us as both individuals and as a business in the final leg of this sprint, and we feel people that take this chance on us should be rewarded in someway.  In terms of limiting future orders there is no intention to do this. nor  to leave massive delays between production runs.  So once we hit mass production we aim to be able to meet market demand.  And further develop our systems.

But like i said we are not asking anyone to put any money up front as yet.  we want to plan this launch with the members of the community who see the value in our ideals and our model and want to help us build this piece of history in the making.  

But as always that is my opinion and if you disagree I will respect your right to yours and your right to challenge us.  For us each obstacle is worth the future that we can see.
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[Aldur1]

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"Limited number of pre-orders" - yes, makes me feel a SCAM is upon us.

Final response for this session I'm afraid now, Yes there will be a limited number of special offer pre-orders where we offer extra bits, the reason for this is two fold:

1. It reduces the potential impact of any bugs we miss prior to initial release and gives us an opportunity to resolve before shipping en-masse
2. by offering extras such as examples I gave earlier it is our way of thanking people for putting their faith in us rather than needing to see a final prototype to place their order.  Its a thanks from us for supporting us as both individuals and as a business in the final leg of this sprint, and we feel people that take this chance on us should be rewarded in someway.  In terms of limiting future orders there is no intention to do this. nor  to leave massive delays between production runs.  So once we hit mass production we aim to be able to meet market demand.  And further develop our systems.

But like i said we are not asking anyone to put any money up front as yet.  we want to plan this launch with the members of the community who see the value in our ideals and our model and want to help us build this piece of history in the making. 

But as always that is my opinion and if you disagree I will respect your right to yours and your right to challenge us.  For us each obstacle is worth the future that we can see.

Try delivering a product that people can see working (and possibly even buy) instead of taking pre-orders based on a 3D graphic. Pre-orders from a new company declaring something "revolutionary" smells very nasty. Prove me wrong

I look forward to being able to just that, and maybe I will try and hand deliver some units the the major cynics among st you once we reach that point.
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[DimensionsOfHell]

You said the MK I would have two boards, and if we were to split the hashing to lets say LTC for one and BTC on the other, it basically means the hash rate has halved, correct?
So it would effectively become 1.5MH/s for LTC and 5GH/s for BTC? Is that the right concept?

On a side note, earlier when I asked if I could be a beta tester, I misspoke. What I really meant was if I could be one of the first batch of people that get to review the item for the masses right before the initial release. Other then knowing a little bit of Python, I'm not much of a programmer just yet, although I am studying to be a Computer Engineer in Programming.

Hopefully you guys would consider me to review the item when the time comes. I have great interest in this item and when I have a lot of interest in something, I dedicate a lot of time and effort in that interest.

If what you say is true about prices, I'm sure the actual purchase price will be much cheaper when the units are ready, as most good engineers leave at least 30% room cost wise to count for unforeseen circumstances.

[Aldur1]

You said the MK I would have two boards, and if we were to split the hashing to lets say LTC for one and BTC on the other, it basically means the hash rate has halved, correct?
So it would effectively become 1.5MH/s for LTC and 5GH/s for BTC? Is that the right concept?

On a side note, earlier when I asked if I could be a beta tester, I misspoke. What I really meant was if I could be one of the first batch of people that get to review the item for the masses right before the initial release. Other then knowing a little bit of Python, I'm not much of a programmer just yet, although I am studying to be a Computer Engineer in Programming.

Hopefully you guys would consider me to review the item when the time comes. I have great interest in this item and when I have a lot of interest in something, I dedicate a lot of time and effort in that interest.

If what you say is true about prices, I'm sure the actual purchase price will be much cheaper when the units are ready, as most good engineers leave at least 30% room cost wise to count for unforeseen circumstances.

This is correct apologies for not making that very clear, this is an exciting time for us and we are all very eager to reach production.  I anything is unclear please let me know.

[Don007]

I'm following this thread now as I'm interested, untill I saw the prices.  You know Alpha T is aiming about 5 mh/s for about $1550-$1600 I guess?

Anyway, good luck with your project!

[Aldur1]

I'm following this thread now as I'm interested, untill I saw the prices.  You know Alpha T is aiming about 5 mh/s for about $1550-$1600 I guess?

Anyway, good luck with your project!

Thanks for the good wish's we appreciate that some of the community do not immediately label us scammers.  Yes we are aware of what the alpha miner is offering and we agree in terms of power consumption it is a comparable device. However we maintain the value of our unit is the multistream capability.  And as I mentioned before all the numbers have been given massive error margins, we would rather under sell the device now, to beat expectations later than commit to a rate that we cannot 100% guarantee.  I hope you find our future as interesting, and will at least consider our units once we demo the prototypes.  My architect is now working fully on getting me all the info on what our process is from here to prototype and once that information is available I intend to share.

Thanks

[DR-LENIN]

https://scontent-a-lhr.xx.fbcdn.net/hphotos-ash3/942490_226501797473954_1225872614_n.png
https://www.bitex.co.uk
BitEx Ltd
Company No: 08719832
VAT Registered: 177659452

As a long time member of bitcoin talk although an infrequent poster, I am please to announce that after several months of work quietly in the background we BitEx Ltd have a new hardware mining unit designed to compete with all levels of existing hardware, both in terms of performance, power economy, and versatility we believe this coupled with our dedicated belief in providing both ongoing support as well as uptime guarantee's that you will find hard to believe.  We understand that many of you will be skeptical when you see our claims, so we would like to invite the entire community to raise any questions or concerns and give us the opportunity to address those before we begin taking any deposits for our offering, as well as giving our prototypes time to reach completion to a complete production specification, that we can demonstrate our feat of engineering and begin what we feel will be the start of a new era of mining technology.  Will will be offering a limited number of pre-orders prior to the prototypes completion to assist the final costs of making our dream a reality.   For this limited number of initial orders as a show of appreciation of your faith in our commitment to this project, we will be including a free years remote monitoring and support with an uptime guarantee on this batch as well as a discount you may apply to a future order.

https://scontent-b-lhr.xx.fbcdn.net/hphotos-prn2/t1/s403x403/1623775_227871797336954_531502088_n.png
The bitEX Independent Mining Unit represents a first in crypto currency hardware offerings, an out-of-the-box solution combining ease of use, groundbreaking versatility, bleeding-edge performance and a truly remarkable energy economy.

The IMU™ is bitEXs premier consumer VMD offering, the independent in the name relates to the ability of the user to alter what crypto-currency the IMU mines as many times as the user wants, and above all, easily.

The Independent Mining Device utilises components which make no compromise on performance or quality. architecture designed to designed to maximise its performance while consuming no more than an individual lightbulbs level of power. A system designed with home users in mind; competitively powerful, energy efficient and aesthetically pleasing.

Crafted in a manner befitting it's capabilities, the IMU has been designed and manufactured in North America. Complimenting the IMDs innovative capabilities, build quality, durability, and uptime are core design requirements; the Independent Mining Device is built to MilSpec standards and unlike many mining hardware offerings, designed to be a distinctive and durable standalone appliance, unobtrusive in a living space as well as the computer room.

Designed with broadly divergent spectrum of users in mind, the IMUs friendly interface provides an ease of use with the ability to administer every aspect of the process, and most excitingly, switch between all known coin protocols with unique simplicity.

The Independent Mining unit has been conceived to achieve the greatest ROI for the user combined with an ease of use of use and accessibility previously unseen in mining hardware offerings.

BitEX aims to show the market how a system should be designed and built with simplistic design, quality, and affordability coupled with an unparalleled level of support. We challenge the market to meet our immutable high standards both in production and support.

IMU MK.I
https://bitex.co.uk/images/IMU.png
Hash Rates
S-Crypt   3 MH/s
Sha-256   10 GH/s
XPM   2,000,000 PPS
BitEx M2 coin   TBC
Power   50W

Hardware Features
Dual Core ARM M4/M0 Cortex CPU
Altera Cyclone V GX FPGA
Temperature Monitoring
7" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)
Wifi
Ethernet
ZigBee
Lifetime Warrentee

Software Features
Mine two concurrent coin streams
Autoswitch to highest profit streams
Coin Exchange API intergration
Wallet API intergration
Customisable Interface

Optional Extras
Remote Monitoring
SLA driven support contracts
bitEX MultiCoin pool

https://scontent-a-lhr.xx.fbcdn.net/hphotos-ash3/t1/264557_227871904003610_1955021226_n.jpg
IMU MK.II
Hash Rates
S-Crypt   6 MH/s
Sha-256   20 GH/s
XPM   4,000,000 PPS
BitEx M2 coin   TBC
Power   ~65W

Hardware Features
Dual Core ARM M4/M0 Cortex CPU
Altera Cyclone V GX FPGA
Temperature Monitoring
10" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)
Wifi
Ethernet
ZigBee
Lifetime Warrentee

Software Features
Mine two concurrent coin streams
Autoswitch to highest profit streams
Coin Exchange API intergration
Wallet API intergration
Customisable Interface

Optional Extras
Remote Monitoring
SLA driven support contracts
bitEX MultiCoin pool

In addition to these what you may think are outrageous claims, I want add my sincerest hope that we will exceed all expectations, deliver early, and if possible make savings in production and pass these on to the community. We hope to bring into alignment the name BitEx with an unsurpassed Quality in both Hardware and service.  I open the floor to any question you may have.

Many Thanks

Aldur1
-CEO BitEx Ltd

this seems like a scam

does it not?


no prototype

random announcement asking for money

seems like this is a bit of con as other products are doing the same thing for less money and they HAVE a prototype

forgive me for doing the whole business model but if you float a product and develop a loss of confidence in it before delivery

why would anyone give you money

or even consider this as your staining the market with something that looks like your trying to take there money and go walkies

I would advise you before you make any more stupid announcements to seriously consider using a marketing partner who understands how product launches work

and a bit more understanding of the business world.

 

[Sonny]

No offense, but I can't really take it seriously when I can only see the 3D render.

[Chancellor]

No offense, but I can't really take it seriously when I can only see the 3D render.

This is not even 3D render but a rough sketch done in 5 minutes.

[studio1one]

Can you guys just clarify something for me

10" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)

From the image it looks like the touchscreen is on the box.

You state it is a 10" touchscreen

Your box dimensions are considerably smaller than 10"

Is it a tardis?

[Don007]

I'm following this thread now as I'm interested, untill I saw the prices.  You know Alpha T is aiming about 5 mh/s for about $1550-$1600 I guess?

Anyway, good luck with your project!

Thanks for the good wish's we appreciate that some of the community do not immediately label us scammers.  Yes we are aware of what the alpha miner is offering and we agree in terms of power consumption it is a comparable device. However we maintain the value of our unit is the multistream capability.  And as I mentioned before all the numbers have been given massive error margins, we would rather under sell the device now, to beat expectations later than commit to a rate that we cannot 100% guarantee.  I hope you find our future as interesting, and will at least consider our units once we demo the prototypes.  My architect is now working fully on getting me all the info on what our process is from here to prototype and once that information is available I intend to share.

Thanks

Thank you for your reply. Indeed, I'll keep watching this topic. I'm still interested to see the prototype.

this seems like a scam
does it not?
no prototype
random announcement asking for money
seems like this is a bit of con as other products are doing the same thing for less money and they HAVE a prototype
forgive me for doing the whole business model but if you float a product and develop a loss of confidence in it before delivery
why would anyone give you money
or even consider this as your staining the market with something that looks like your trying to take there money and go walkies
I would advise you before you make any more stupid announcements to seriously consider using a marketing partner who understands how product launches work
and a bit more understanding of the business world.

Who rented you to post here? A competitor? This is probably the second post you've made..


Unfortunately any Scrypt Asic manufacturer / developer are getting labeled as scammers here, allthough some of them have proven to have the knowledge to create these devices (such as Gridseed). Yes, there probably will be scammers in this business, but there will Always be legit firms too.

Keep us updated.

[studio1one]

For me nothing screams scam about these guys yet, but nothing screams legit either.

The address on the website is a house on a residential street. Not quite sure how you fab ASIC in someones back bedroom.

I see nothing wrong with asking hard questions and probing into them but accusation of scam is way too early.

Let them produce evidence and prototype without being abused but keep asking the questions.

[Aldur1]

@DR-LENIN, thanks for expressing your opinion, I imagine had you bothered to read the entire post you may have noticed several times we have said we are asking for no money from anyone. not for orders or deposits, until there is a prototype to demo. All we have said is if people want to show us their support before then we will not say no and arguably this is no different to a donation which many people ask for.  The only difference is when we deliver we will repay any good faith in kind.  I Really hope that makes our position clear on this cynics view of pre-orders.  I really hope that you will wait and see what we deliver before making sweeping judgement's.  Otherwise best of luck to you, and thank you for also sharing your thoughts.

Oh also I want to clear up the point you make about 'prototypes'

When I refer to a 'prototype' this is my definitions:

"A Production quality board and casing, with a final version of our software, and the final iteration of our hardware optimisations"

This I confess we do not have.

What we do have however is the following

Cyclone V SX SoC (System-on-Chip)
Stratix V GX Development Board
Full Quartus II License
EAGLE CAD Professional

We Also have:

1. A Working S-Crypt Bitstream -Has undergone some optimisation and is undergoing further optimizations
2. A Working SHA-256 Bitstream - No optimization work yet carried out
3. A Work in Progress XPM Stream
4. A Work In Progress PTS Stream
5. A Work In Progress Web Interface for the System
6. A Working Profitability Algorithm pending integration with incomplete bit streams.

If you have any questions relating to this that I have not answered feel free to forward to info@bitex.co.uk and our team of hardware specialists will happy to liaise with directly.

[Aldur1]

Can you guys just clarify something for me

10" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)

From the image it looks like the touchscreen is on the box.

You state it is a 10" touchscreen

Your box dimensions are considerably smaller than 10"

Is it a tardis?

As a Doctor who Fan I wish that was the case, however sadly no, this has to be put down to  last minute changes to include a larger screen on the MK.II, and the image doesnt accurately represent this. Our Graphics designer is currently working on a more final kind of box, the intention is to keep true to the shape in these concept images, but the sizes will be as specified on our site.

[Aldur1]

I want to make it clear we are happy to answer any and all questions.  We will not take offence, however please expect to be spoken to in the same tone with which you correspond with is.  I also want to reiterate:

WE ARE NOT TAKING PREORDERS

However if you wish to contact us directly and help us make this reality with usefull suggestions or donations against a future order we are happy to take these, it all helps with the development.

Quote from: Sonny on Today at 09:56:42 AM
No offense, but I can't really take it seriously when I can only see the 3D render.
This is not even 3D render but a rough sketch done in 5 minutes.

Yes this one was rather rushed from we wanted a different image to show the minor differences in the unit for a meeting with a UK based Mining hardware shop that have expressed interest in our boards.  Unfortunately they did not make the meeting and the image was unnecessarily rushed, but I am meeting with them later today, and we hope to show them a demo of our software and we are hoping they will agree to partner with us in this project.  More news soon.

[rammy2k2]

cool 3D

[studio1one]

Can you guys just clarify something for me

10" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)

From the image it looks like the touchscreen is on the box.

You state it is a 10" touchscreen

Your box dimensions are considerably smaller than 10"

Is it a tardis?

As a Doctor who Fan I wish that was the case, however sadly no, this has to be put down to  last minute changes to include a larger screen on the MK.II, and the image doesnt accurately represent this. Our Graphics designer is currently working on a more final kind of box, the intention is to keep true to the shape in these concept images, but the sizes will be as specified on our site.

your website specifies

10" Colour Touch Screen interface
Push Button Function
Small Form Factor (16cm x 10cm x 5cm)

This is simply a physical impossibility.

Attention to detail guys if you want to be taken seriously. How can you have planned a product and specced up manufacture if simple things like this don't add up.