BITTECH Announces New 28 TH/s ASIC

[mgoz]

Saw a bunch of paid PR on this recently and not sure if it's legit, but seems to be since they aren't just 3D renderings and supposedly shipping September 15. Also not sure if these are the same guys that started scamming everyone years back, but site says they were founded in 2017, so may be a different company with same name.

https://bittech.cn.com/

Two different models:

BITTECH One - $1470
28 TH/s @ 2200W



BITTECH One Mini - $880
16 TH/s @ 1150W

Noise level of both is supposedly < 60db.

Found this older video, which makes it seem like they were initially only going to sell under service contracts, but appear to be selling direct now while also still having contracts if you want them to host:
https://www.youtube.com/watch?v=PX6Bc1JyAPY

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[suchmoon]

A brand new "manufacturer" selling hardware that is more efficient than anything else currently available at prices too good to be true... caveat emptor.

[mgoz]

Prices and specs are similar to T2 Turbo and M10. Not more efficient than M10 or A9 if their specs are legit.

A9 is around 57 W/TH (30TH/s @ 1720W) - Price and shipping unknown
M10 is around 65 W/TH (33TH/s @ 2145W) - $1888 for 9/20 pre-order
T2 Turbo is around 83 W/TH (24TH/s @ 1980W) - $1350 and shipping now

Supposedly began construction for 9k units in Russian data center in April 2018. I do remember seeing some Russian miners that looked similar in design that were being called a Bitfury/Facemen B8 with similar 60db noise levels, but don't know if they were legit either. They list the B8 in their whitepaper with S9 and 841 comparisons, so maybe it was only sold there. I'm still skeptical.

[suchmoon]

Only the T2 Turbo is currently available (in theory - I don't think anybody got it yet) and it's less efficient than the Bittech thing.

The noise level is unrealistic for a 2.2 kW miner in that form factor.

They are also running an ICO, which makes the whole scheme super shady.

[Steamtyme]

Looks like they have a drawing and dreams.

Taking money now for their first product ever, the term *investomers comes to mind. Different approach to not make people wait 6-12 months to find out it's a fraud. It seems like the dumbest time ever to create a scam based on hardware with there being an ample supply everywhere, but who said scammers were smart. They are also launching a "service contract" that sounds a lot like cloud mining.

I guess I shouldn't jump to conclusions even Halong delivered, but until they have a working unit verified by someone trustworthy on the forum it remains vaporware.

The weirdest point for me is that they have 14nm chips for the "one", and 10nm for the "one mini". Why not rename the second Miner seeing as it is a new design, not really a mini.

Only the T2 Turbo is currently available (in theory - I don't think anybody got it yet) and it's less efficient than the Bittech thing.

On these chip sizes I'm pretty sure you are correct about them claiming to be the most efficient miner.

* First heard from FH, and loved the term ever since.

[mgoz]

People have posted photos of receiving T2 Turbo already, so it is currently shipping.

I agree this does look a little shady, but they do show a physical model running on Slush and have been available since May, but perhaps using them to privately mine. Regarding the One and Mini using different chips, the mini is actually a mini for their next model called the One S, which will use the same 10nm chips and supposedly be 36 TH/s @ 2600-2800 watts. Prototype not expected until Q4.

[vincl]

Only the T2 Turbo is currently available (in theory - I don't think anybody got it yet) and it's less efficient than the Bittech thing.

The noise level is unrealistic for a 2.2 kW miner in that form factor.

They are also running an ICO, which makes the whole scheme super shady.

i already got it.

check
https://bitcointalk.org/index.php?topic=3926710.msg44011740#msg44011740

and yes you are right, asic manufacturer + ICO = 200% scam xD

same shit as nodehaven.com/ (met them at berlin blockshow 2018)

[sidehack]

I sure hope NODEhaven doesn't turn out to be a scam, because I'm working with them on design. For the record, I specified compensation in the form of chips once they're available, so they better pull it off.

But I don't know anything about BITTECH.

[philipma1957]

Only the T2 Turbo is currently available (in theory - I don't think anybody got it yet) and it's less efficient than the Bittech thing.

The noise level is unrealistic for a 2.2 kW miner in that form factor.

They are also running an ICO, which makes the whole scheme super shady.

my t2turbo arrives monday the 20th

I think one guy does have one.

I am waiting on the demo m10 maybe 2 weeks.

no one has reached out to me this one yet.

so far  the lowest numbers I can do are on downclocked t1  about  92 watts a th
and down clocked avalon 841 about 93 watts a th.

the t2 turbo  should do  75 watts a tg on a downclock.

this gear is using bit fury  chips.  I never had much luck   getting gear from them.

[mgoz]

Prices dropped to $963 for BITTECH One and $549 for Mini. Shipping September 15-25.

Not sure on how to order them because they are now forcing you to purchase a minimum 3 month hosted contract for an additional $171, which doesn't make sense. Initially you didn't have to select a service contract, but now it defaults. Looks like if you set contract=0 in URL it will bypass it, but who knows if they'd accept order.

[suchmoon]

Why are you still bumping this making it sound as if it might be legit? Unless someone trusted gets their hands on the hardware it should be treated as a scam.

[mgoz]

Because it's hardware speculation and those interested may want to purchase it. They have video of it running at least. Most vaporware has nothing but rendered images. I'd order one if I could get past step 2 during checkout.

[HagssFIN]

Don't fucking buy it before someone has actually demoed that it actually exists.

Be careful.

[mgoz]

I have a lot of BTC from 2010 to burn. Trying to get one to prove if it's a scam or not.

[suchmoon]

I have a lot of BTC from 2010 to burn. Trying to get one to prove if it's a scam or not.

I have a better way for you to burn your bitcoins: 1GeMZi5kYYhGTxQM2yQ5u7Gssb4rfaawe7

You can't prove anything because they're not shipping any tangible product. You'd get a "cloud miner" at best. So all you're doing is creating an illusion of legitimacy by posting this stuff here.

[mgoz]

all you're doing is creating an illusion of legitimacy by posting this stuff here.

Same could be said for every single piece of hardware that nobody has physically received yet, including GMO (also has an ICO) and the Whatsminer M10. It's why it's in speculation. GMO still hasn't shown a physical running model. Price drop on this makes it more attractive than both. People said the same about Halong and it turned out to be legitimate, although with ASICBoost.

I am waiting to hear back from sales on how their admin panel functions, ability to over/underclock, etc. Based on their demo videos, admin is accessible on local network, running CGminer, and not hosted/cloud-based like the 8 nano that some are speculating is producing fake hashrate through cloud mining.

[mgoz]

User guide is here: https://bittech.cn.com/img/software/bittech-guide.pdf
Certifications here: https://bittech.cn.com/img/certifications/

Can be under/overclocked and voids warranty. Can point to any pools you want. Service contract is for hosting. When selecting shipping method it's supposed to remove service contract.

[vincl]

ASIC + ICO = scam.

easy math

[philipma1957]

Same could be said for every single piece of hardware that nobody has physically received yet, including GMO (also has an ICO) and the Whatsminer M10. It's why it's in speculation. GMO still hasn't shown a physical running model. Price drop on this makes it more attractive than both. People said the same about Halong and it turned out to be legitimate, although with ASICBoost.

I am waiting to hear back from sales on how their admin panel functions, ability to over/underclock, etc. Based on their demo videos, admin is accessible on local network, running CGminer, and not hosted/cloud-based like the 8 nano that some are speculating is producing fake hashrate through cloud mining.

Well the m10 whatsminer is on its way to me I have tracking for it and it is due Friday the 14th.

I have to say that if this miner exists it would be 2200/28000 =  .78 watts a gh or 78watts a th

The m10 is supposed to be under 70 watts a th

once I test and determine the m10 over this weekend I will look into this unit.

[mgoz]

ASIC + ICO = scam.

Wonder why Blokforge is selling GMO if ASIC+ICO = scam. Feel sorry for anyone buying those. ROI in 2+ years. 

The m10 is   supoosed to be under 70 watts a th

The mini model here based on 10nm, if legit, has similar efficiency as M10 at around 72 W/TH. It's more efficient than the larger 14nm model. Two minis would be about same efficiency as M10, but only $1100 before shipping. M10 should really be priced at $1300 or less to ROI in 9 months at $0.05 kWh. I was waiting for coin prices to go up some before purchasing anything that's currently selling as well as any reviews after ship dates. Bittech said they have already sold many of them and are guaranteeing stated September shipment dates. Weren't interested in providing units for review and said they'd expect live reviews after shipment.