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Author Topic: 750 GH/s - 3TH/s Miners from $3565 - www.bitcoinultra.co.uk  (Read 30572 times)
nottm28
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March 04, 2014, 10:55:18 PM
 #181

I'm watching too - still waiting for the VAT number to be posted when he gets back to work on Monday, like another poster posted (good ask btw). Twice...

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Gator-hex
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March 04, 2014, 11:28:40 PM
Last edit: March 07, 2014, 02:04:44 AM by Gator-hex
 #182

Seems a bit expensive considering what the Chinese are now selling but the question I most have, after looking over the specs, is...

What ASIC chip are they using? 0.65W/GH is a big claim. Even the Chinese A1 boxes only claim 0.88W/GH!

It must be the most efficient Bitcoin mining chip made so far. Who paid for it's development? What node? etc.

The chip is the Coincraft A1, it's in the first post Smiley

http://bitmine.ch/?page_id=863

Price wise the 3TH is on a par with 15x Antminers which would get you the same speed in a couple of days. The downside of that many ants is space, psu's, cables, network switches and the biggie power usage.

It will all come down to when they are actually available, if they can make the timeline they have set I'd probably buy.

Be lucky to get 0.65W/GH out of the A1, the Chinese 0.88W/GH claim is already far higher than the Technobit A1 Chips I'm running which only get 1.1W/GH!
Mine won't get out of bed for less than 850mV (Turbo mode!) and only supply Normal Mode 25GH/s! But I've always suspected they may have made an improved 2nd batch.

jelin1984
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March 04, 2014, 11:38:37 PM
 #183

I want to come and me to road trip Smiley
CYPER
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March 05, 2014, 12:08:42 AM
 #184

I want to come and me to road trip Smiley

No problem, but we only have one seat left - in the trunk.
V4Vendettas
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March 05, 2014, 08:33:37 AM
 #185

I would love to be on that road trip but the last time I was in a trunk it involved a copy of Feminist Review and a cucumber . Needless to say an experience I'm not over keen to repeat even if I get to see miner porn at the end.

Well I am 90% sure I'm going to go with a 2.250 TH with the last of my fiat if this company can deliver. I'm aware it might just be better to buy and hodl btc instead but... well I miss mining and have a fair bit of free power during daylight hours so what the hell. Solar power and outrageous government feed in tariffs 4TW. 

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March 05, 2014, 08:46:45 AM
 #186

They are about a 30 min car drive from me, I don't mind nipping over, if anybody else wants to come with me and can get to Leeds, I'll pick you up from the train station

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freebit13
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March 05, 2014, 08:48:02 AM
 #187

I would love to be on that road trip but the last time I was in a trunk it involved a copy of Feminist Review and a cucumber . Needless to say an experience I'm not over keen to repeat even if I get to see miner porn at the end.

Well I am 90% sure I'm going to go with a 2.250 TH with the last of my fiat if this company can deliver. I'm aware it might just be better to buy and hodl btc instead but... well I miss mining and have a fair bit of free power during daylight hours so what the hell. Solar power and outrageous government feed in tariffs 4TW. 
FWIW... why not hedge your 'bet' and spend half on mining equipment and half on BTC... then you get to mine and hodl at the same time  Wink

Btw. in that link I PM'd you yesterday they are claiming a more reasonable 1040W/TH.

Decentralize EVERYTHING!
krypokoinkip
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March 05, 2014, 12:16:42 PM
 #188

I'm watching too - still waiting for the VAT number to be posted when he gets back to work on Monday, like another poster posted (good ask btw). Twice...

I just reverse looked up the phone number it does say it is coming from Rotherham.
I do respect the fact they are not taking pre-orders this does give me confidence plus paypal would be a bonus.
However the point is still valid I don't see a VAT.

I am following this very closely.
bitcoinultra (OP)
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March 05, 2014, 12:46:38 PM
 #189

Sorry for the delay with any updates we are currently working flat out:

Our VAT number is 181109625

Regarding our production etc.. we are waiting for a delivery of components to our electronics manufacturer. Once we have these components in stock we have everything ready to mass produce.

When we do start accepting orders, for the first week we will only be accepting orders for the enigma 1. This is to ensure that we don't get too swamped and can meet our dispatch deadlines, the following week we will be opening up to the rest of our range.

We are also in the process of setting up a small datacenter to offer a hosting solution for your miners which includes 24/7 monitoring and a backup UPS, this will be online an running by the end of march.
firejuan
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March 05, 2014, 01:07:46 PM
 #190

Any price updates?

bitcoinultra (OP)
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March 05, 2014, 01:13:18 PM
 #191

Any price updates?

We will have an updated (lower) price as soon as the components have been delivered which will either be later today or tomorrow
Gator-hex
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March 05, 2014, 02:13:36 PM
Last edit: March 05, 2014, 04:57:22 PM by Gator-hex
 #192

Any price updates?

We will have an updated (lower) price as soon as the components have been delivered which will either be later today or tomorrow

The price is actually pretty fair if the 750GH miner is actually an under-clocked 1TH miner (40x A1 chips).
Assuming it's not voltage locked and a buyer can up the voltage, from 0.65V low power mode, to 0.765V normal mode to get 1TH.
But yeah time to delivery is key these things lose 50% of their value per month, that's why companies don't usually hold stock, but take pre-orders!

LawyerMD
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March 05, 2014, 03:52:46 PM
 #193

Bitcoin Ultra is using Bitmine chips and as some of you know Bitmine is behind in production and shipping.

I can't help but have some negative assumptions regarding this venture. If Bitmine can't/haven't fulfilled orders from Sept 2013 yet, how are they able to supply Bitcoin Ultra?

Forum Feed regarding Bitmine:
https://bitcointalk.org/index.php?topic=486808.0

Smells fishy to me!


Also check out what I found out on Whois and UK Company Check:

Whois:
http://who.is/whois/www.bitcoinultra.co.uk

Company Check: (Notice the Company Status)
http://companycheck.co.uk/company/06051481
CYPER
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March 05, 2014, 03:55:57 PM
 #194

Bitcoin Ultra is using Bitmine chips and as some of you know Bitmine is behind in production and shipping.

I can't help but have some negative assumptions regarding this venture. If Bitmine can't/haven't fulfilled orders from Sept 2013 yet, how are they able to supply Bitcoin Ultra?

Forum Feed regarding Bitmine:
https://bitcointalk.org/index.php?topic=486808.0

Smells fishy to me!


Also check out what I found out on Whois and UK Company Check:

Whois:
http://who.is/whois/www.bitcoinultra.co.uk

Company Check: (Notice the Company Status)
http://companycheck.co.uk/company/06051481

That is not the same Company.
For Company check in the UK use: http://wck2.companieshouse.gov.uk/

Name & Registered Office:
JENRA LIMITED
272 BATH STREET
GLASGOW
SCOTLAND
G2 4JR
Company No. SC462174
raskul
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March 05, 2014, 03:59:15 PM
 #195

Bitcoin Ultra is using Bitmine chips and as some of you know Bitmine is behind in production and shipping.

I can't help but have some negative assumptions regarding this venture. If Bitmine can't/haven't fulfilled orders from Sept 2013 yet, how are they able to supply Bitcoin Ultra?

Forum Feed regarding Bitmine:
https://bitcointalk.org/index.php?topic=486808.0

Smells fishy to me!


Also check out what I found out on Whois and UK Company Check:

Whois:
http://who.is/whois/www.bitcoinultra.co.uk

Company Check: (Notice the Company Status)
http://companycheck.co.uk/company/06051481

anyone need a 'Lawyer' who can't do their research properly?

anyone?

anyone?

thought not. troll.

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LawyerMD
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March 05, 2014, 04:11:14 PM
 #196

Sorry for the delay with any updates we are currently working flat out:

Our VAT number is 181109625

Regarding our production etc.. we are waiting for a delivery of components to our electronics manufacturer. Once we have these components in stock we have everything ready to mass produce.

When we do start accepting orders, for the first week we will only be accepting orders for the enigma 1. This is to ensure that we don't get too swamped and can meet our dispatch deadlines, the following week we will be opening up to the rest of our range.

We are also in the process of setting up a small datacenter to offer a hosting solution for your miners which includes 24/7 monitoring and a backup UPS, this will be online an running by the end of march.


I want to apologize in advance if my assumptions are wrong or accusatory in nature, but having ordered from just about every mining company to come to existence, including some fake ones, I was wondering if you are able to answer the following:

1) You're chips/components are supplied by Bitmine. How are they able to supply you while having a massive backlog of orders from individuals?
https://bitcointalk.org/index.php?topic=486808.0
https://bitcointalk.org/index.php?topic=291141.0

2) Your domain name was registered on Feb 10th 2014. How are you already up and running less then 30 days later?
http://who.is/whois/www.bitcoinultra.co.uk

2.1) How have you been able to secure your supply chain in less then 30days of coming into existence?

3) Jenra Limited was used to register your domain. Why is the company status "dissolved"?
http://companycheck.co.uk/company/06051481


As some individuals have come to realise, most mining companies have been using our "pre-order" $ to establish a mining operation, increasing the Network Hashrate by multiple petahash/month and will only ship when they've accumulated a wealthy amount of coins. By the time the machines are ready to ship, the break even point is long and the ROI is much lower then calculated based on initial "delivery dates".



bitcoinultra (OP)
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March 05, 2014, 04:27:39 PM
 #197


1) You're chips/components are supplied by Bitmine. How are they able to supply you while having a massive backlog of orders from individuals?
https://bitcointalk.org/index.php?topic=486808.0
https://bitcointalk.org/index.php?topic=291141.0

2) Your domain name was registered on Feb 10th 2014. How are you already up and running less then 30 days later?
http://who.is/whois/www.bitcoinultra.co.uk

2.1) How have you been able to secure your supply chain in less then 30days of coming into existence?

3) Jenra Limited was used to register your domain. Why is the company status "dissolved"?
http://companycheck.co.uk/company/06051481


As some individuals have come to realise, most mining companies have been using our "pre-order" $ to establish a mining operation, increasing the Network Hashrate by multiple petahash/month and will only ship when they've accumulated a wealthy amount of coins. By the time the machines are ready to ship, the break even point is long and the ROI is much lower then calculated based on initial "delivery dates".

1) Bitmine have 50,000 ASIC chips sat in stock now plus we have stock ourselves, the backlog problems they have are due to PCB's and designs not the chips

2) Our domain name was registered once we had a "brand" for our miners, we actually started trading in November 2013 (Jenra Ltd)

3) That isn't our company we are Jenra Ltd registered on 28th Oct 2013 company number SC462174
bitcoinultra (OP)
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March 05, 2014, 04:44:04 PM
 #198

I missed 2.1)

We have been setting this up since the end of last year not the last 30 days
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March 05, 2014, 04:52:45 PM
 #199

Time will always tell. What i have learned from my investments with Asic's in the last months is: You have to be patient :-)
Also it will help you to succeed if you can show videos from working prototypes (sorry if i miss that, didnt read the whole thread) and the most important thing:
Send one or two miners to senior forum members who can verify your product.

Everybody will be a happy customer :-)

good luck!
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March 05, 2014, 04:54:43 PM
 #200

Time will always tell. What i have learned from my investments with Asic's in the last months is: You have to be patient :-)
Also it will help you to succeed if you can show videos from working prototypes (sorry if i miss that, didnt read the whole thread) and the most important thing:
Send one or two miners to senior forum members who can verify your product.

Everybody will be a happy customer :-)

good luck!

i think all these points are being covered...  Grin
i'm just glad to see a UK company building rigs, means I can do cash on collection (just hanging the notes to dry as we speak)

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