40TH/80TH new Miners??? Swiss Miner

[yianni]

Maybe i was planning the swissminer scam 5 years ago and was waiting for the right moment - hahaha.
Or maybe i was looking for info about the new miner and found this thread.
I dont know if my previous reply was deleted by moderators but as i said:
I am not advising anyone to buy this miner!!!!!

Any miner that does not give you the option to direct it to any pool of your choice is not a real miner.
If this is real and you actually do get something, it will most likely be cloud mining.
They already said that they have their own mining farm and this thing uses their own "mining pool".
If you do get something open it up and see what asic chips it has.
Most likely though it is a space heater that cloud mines.
You are right, Bulgaria does have some talented programmers but come on, lets get real, a bunch of software engineers like they say from a small town, created something that the armies of asic engineers from Bitmain, Canaan, Innosilicon and the likes couldn't create?  Personally I highly doubt it.
I honestly hope you didn't pay them with BTC. And also bear in mind that the VAT number they supplied is of the lingerie shop and not the so called swiss miner. I didn't find a company registered under the name Swiss Miner in Bulgaria so if you are determined to buy this at least pay the legit lingerie shop via wire transfer only.  Another red flag they sell only in the EU and accept only USD !!! Makes no sense.  The red flags are endless on this one.

[1714514634]

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[stompix]

@Steamtyme  - my account here was created in 2014 /https://bitcointalk.org/index.php?action=profile;u=228806/  - i have nothing to do with swissminer.tech people. I actually paid for the their shitminer AND for their oil cooler AND VAT on top of this - so in the next 30 days i will know if i lost my money - if not i will post a videos of the Bulgarian shitminers in action

Also I am not advising anyone to buy this miner!!!!!

Pretty interesting that you bought a miner as the site says minimum 5 order but at the same time you advise everybody to not buy one. To be honest, I don't believe you're affiliated to this scamminer, and rather than you remember you had another account and decide to use it to troll around a bit.

Another red flag they sell only in the EU and accept only USD !!! Makes no sense.  The red flags are endless on this one.

Especially when Bulgaria has it's currency pegged to the euro for almost a decade if not longer.
So...

It is possible that we have a "company" that is using the name, address and everything else of a legit company without their knowledge? The nameserver stuff might invalidate this but still, is there a possibility? Some rogue employee?
This might be a first...probably!

[sidehack]

Hey wasn't Technobit based out of Bulgaria? I wonder if any of those veteran scammers snuck out of the woodwork for this one.

[yianni]

Hey wasn't Technobit based out of Bulgaria? I wonder if any of those veteran scammers snuck out of the woodwork for this one.

Oh yeah, Martin something ... good memory !!! 

[mikeywith]

Guys nobody is so stupid to post a video with him so everybody see them and then take peoples money without  delivering.

ya right.

[NotFuzzyWarm]

Oh yeah, Martin something ... good memory !!!  

Also Josh Zipkin from the AMT debacle also comes to mind. Had strong ties to said country as well as having a YouTube vid of him and the Forums favorite Hellfire and Brimstone scam hunter Phinaeuse Gage aka Gleb Gamow saying how for the previous month of vitriolic posts he was wrong and that AMT's (single sort-of functioning) miner was real and would soon be shipping.... Believe is from around mid-March 2014...
Gleb of course just went along with it to further let Josh dig himself in deeper. Und boy did he (Josh) ever do that...

edit: HAH! Found it! Vid link added.

[vb2005]

Pretty interesting that you bought a miner as the site says minimum 5 order but at the same time you advise everybody to not buy one. To be honest, I don't believe you're affiliated to this scamminer, and rather than you remember you had another account and decide to use it to troll around a bit.

Please explain to me how can i theoretically be affiliated with the swissminer - when i dont advice anyone to buy it? Using your logic i can say that the user opened this thread is affiliated  with swissminer.
When i placed an order there was not limit of 5 miners. Any idea why they wont get your money if you are from USA? - i am very curious.
They also posted a message that they  have  a new miner with 800 TH or something like that.
They are not software engineers from small town - the owners are from small town - the people that created the software are probably from Sofia.

[HagssFIN]

... When i placed an order...

So you actually placed an order?

That's just crazy and stupid.

[yianni]

Please explain to me how can i theoretically be affiliated with the swissminer - when i dont advice anyone to buy it? Using your logic i can say that the user opened this thread is affiliated  with swissminer.
When i placed an order there was not limit of 5 miners. Any idea why they wont get your money if you are from USA? - i am very curious.
They also posted a message that they  have  a new miner with 800 TH or something like that.
They are not software engineers from small town - the owners are from small town - the people that created the software are probably from Sofia.

Getting the mining power they claim is not a software issue, it's hardware.  Software is open source, anyone can use it and do what they did, mine from one single pool.  It would violate the open source license, since they make money from that pool, sort of like a dev fee, but it can be done easily.
Right now the best miner in the world can do 48J/TH.  They claim 18J/TH !!!
Unless they have some alien tech this is unreal.  
And if I had such a miner I sure wouldn't sell it for a thousand something bucks.  I would sell it for 20 grand and people would buy it like hotcakes.  
Actually no, I wouldn't even sell it. I would mine for another decade or so until the rest of the planet catches up with my tech and then sell it.

[philipma1957]

... Actually no, I wouldn't even sell it. I would mine for another decade or so until the rest of the planet catches up with my tech and then sell it.

so spot on it is perfect reason to not buy these.

Let us pretend that this can be built and sold for the price they claim .
They would simply find one or two private farms and deal with them.

There are places with 2 cent power and 3 cent power.
they would cut a deal with this company and we would not get this offer.

I know of big 2 cent farms that were mining with s9's and the 'new' firmware back in february of 2018.
We got the better power use firmware much later say Nov 2018  .  a 9 month gap/edge for that 2 cent power farm .

so they did 80 watts a th while we did 100 watts a th
and they had 2 cent power.

same thing would happen here

the 2 cent guy with 15000 s9i's would lock this gear up  for a year or more.

and this gear would not be offered to us now.

I happen to know the 2 cent is  loading up on m10 gear which is not as good as this.
Which means  this gear does not exist .
if it did the 2 cent guy would ask this to be kept under wraps.
and these sellers would do so since the guy I know could buy 10,000 of these.
to replace his s9i's

[HagssFIN]

Yeah, what makes it even more absurd and scammy are these numbers they show at the website:

Power		Hash rate
1350	W	40 Th/s (normal, ? air cooling)
1450	W	80 Th/s (oil cooling)

Damn there is a big difference between the two cooling methods..  

[philipma1957]

think about that oil number

1450/80,000 =  0.018125 a gh or 18.125 watts a gh

so think of a big miner with 10,000's of s9i's  and 2 cent power

say fanatic26_   he has 40 MW  to fill

https://bitcointalk.org/index.php?topic=5033132.msg47743340#msg47743340

so 40,000,000/1450 = 27,586 of these

If these people are real
If these people have the gear
They would not be working with us
They would find a guy like fanatic26_

They would cut a deal with him.

If they can do what they claim and they are looking to sell this way on eBay they would be the stupidest business people in the world.
Ask any big player and they would tell you that they get first pick on the gear.
Not us.

Hey I now have a 100kwatt and a 300kwatt solar array setup with buysolar.
gives us about 55kwatts an hour "free" power.
This gear would be heaven sent for me if it was real.
Even if the air cooled was real it would be 35 watts a th
better then the s15 or the m10.
No trump tax if shipped to USA !

Since my power is only 55kwatts free power and around 100kwatts 13 cent power.

if this did 35 watts a kwatt I could go to  55+15 = 70 kwatt  which comes to 2.78 cents a kwatt.
But if it were real and it is not they would have sent me one.  I would have said it is good and loaded up my solar setups.
Did videos and they would have sold and sold and sold.

Since they choose to not do that.
Once again stupid business people or gear is not real.

Either way why bother with them.

[HagssFIN]

I vote 'gear is not real'.

[philipma1957]

I vote 'gear is not real'.

Yeah  me too.

[sidehack]

Something could be said of priorities. Perhaps they'd rather serve individuals or small customers instead of large industrial parties to help re-balance the system back in favor of the people.

Then again, I'm well aware that most other people don't get into the crypto business because they *don't* want to make an overwhelming amount of money, so the likelihood of this is much less than it's a scam.

[fanatic26_]

Something could be said of priorities. Perhaps they'd rather serve individuals or small customers instead of large industrial parties to help re-balance the system back in favor of the people.

Then again, I'm well aware that most other people don't get into the crypto business because they *don't* want to make an overwhelming amount of money, so the likelihood of this is much less than it's a scam.

Unfortunately you seem to be one of the only people in this industry I have ever met producing hardware for the individual and not trying to get rich off of them.

I am pretty surprised this thread has gone on this long since my scam sense went off the moment i saw the first video posted.

[philipma1957]

Unfortunately you seem to be one of the only people in this industry I have ever met producing hardware for the individual and not trying to get rich off of them.

I am pretty surprised this thread has gone on this long since my scam sense went off the moment i saw the first video posted.

yeah sidehack and jstefanop

are all the only two I know.

And if they really had the gear they  would be contacting people like yourself  since if it was real you would certainly want lots of them.

[minefarmbuy]

I am pretty surprised this thread has gone on this long since my scam sense went off the moment i saw the first video posted.

Same but it's kind of nice that the thread flows so well and had a moment of fun when these guys went emo. Pretty sure this was decided a scam page 1.

[vb2005]

And if I had such a miner I sure wouldn't sell it for a thousand something bucks.  I would sell it for 20 grand and people would buy it like hotcakes.  
Actually no, I wouldn't even sell it. I would mine for another decade or so until the rest of the planet catches up with my tech and then sell it.

And how on earth will you sell it for 20 + k when everyone think you are scammer and you are new and unknown?
OK. Lets say you have this miner but the cost to produce it is 1500 usd per miner - how would you produce 200 units of it - you will need
300 000 usd on top of the cost for software development - they claim 70 people worked on the software in Bulgaria?
You also need to ship it from China to Bg - this can be done but if the price goes down a little more and they are broke or  - even Bitmain seems to have financial problems - so what you say can be done but is too risky.

so 40,000,000/1450 = 27,586 of these

If you could provide a loan to them to produce the miners i guess they will accept your offer
You guys seems to think that the cost to produce a miner is very low.

Getting the mining power they claim is not a software issue, it's hardware.  Software is open source, anyone can use it and do what they did, mine from one single pool.

I think in their video when they say management software they mean firmware.

[sidehack]

The cost to produce a miner *is* very low. The bulk of up-front is engineering. Once that's out of the way, the actual per-unit material cost is a fraction of what you're being charged. This is why early batches of miners always cost more, because they've got the engineering and prototyping investment to clear. You don't go straight to bottom-dollar, especially if your product is a couple years ahead of the competition.

That is, if you can prove it exists. If you can prove it exists, the right people will sell their children for it. If you're trying to con dupes you avoid those people and go straight to retail customers you can nickel-and-dime and who are unlikely to take you to court when you fail to deliver.