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Author Topic: nTek Computers | World's Most Powerful Bitcoin Miner - 2.4Th/s (to 3.2Th/s)  (Read 3838 times)
ntekcomputers
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April 21, 2014, 10:49:41 PM
 #1

Immediate Press Release:
nTek Computers
April 22, 2014
www.ntekcomputers.com

nTek Computers is proud to announce the World's Most Advanced ASIC Bitcoin miner!

nTek 2.4Th/s 28nm ASIC Bitcoin Miner (3,200Gh/s in Turbo Mode)

nTek Computers Innovative Patent Pending ASIC Cooling Technology allows for greater hashing capabilities.

2,400 Gh/s of MINING POWER
Up to 3200Gh/s in Turbo Mode
Based on the Coincraft A1 28nm ASIC chip
 

1-Year Warranty

RMA support directly through nTek Computers

This is for one unit with forty 28nm ASIC chips. 80 A1 28nm ASIC chips per unit

Self contained system, Comes with Raspberry Pi and screen to see hashing rate. Everything you need to mine right out of the box!

Just input any Bitcoin pool info and mine any SHA-256 based Cryptocurrency!

Payment is either with Bitcoin, Bank Wire Transfer, or PayPal. Value based on current Bitcoin Value of Coinbase.com in USDA

Contact Us if you would like to purchase (four) or more units. We will provide you a special discount code to use during checkout!

nTek Computers specializes in advanced High Performance Computing (HPC) systems. We stand behind the systems we sell.

Contents:
2 modular nTek units of 1.2Th/s ASIC miner (1600Gh/s in Turbo mode)
2.4Th/s in a single standard form factor 4U server chassis
1 Raspberry Pi computer
1 Raspberry Pi screen
Dual 1000watt (2000watts) total Platinum 80-Plus rated enterprise class power supply unit (PSU)

Specification:
80 State of the art Coincraft A1 28nm ASIC chips
High Quality Bench Tested PCB
4U Rack mount compatible server chassis (rackmount rails extra)
Internal 2000 watt PSU's (draws about 1400-1920watts depending on hashing rate and overclocking configuration)
Latest energy efficient Power Supply and ASIC chips to give you the highest ROI
USB Port to connect to Raspberry Pi, PC or MAC. (Raspberry Pi only uses about $.02 in electricity each day)
Fitted with high performance fans to keep the processors cool.
Patent Pending thermal cooling system

Watch an animation of the unique Patent Pending nTek ASIC cooling system:
http://vimeo.com/92523576









Contact Us for special pricing! Limited Availability available on a first come first serve basis.

Will begin shipping on or before Q3 (July 1st) 2014.

*Please note that while we took the highest possible care in doing accurate and conservative simulations of the ASIC chips, the real performances of the final product could vary by a +/- 20% tolerance.
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April 21, 2014, 11:25:36 PM
 #2

We need to see something hashng even prototype, and a unit to a reputable reviewer on the forum will help greatly, like Dogie. and check your prices, it might be a mistake, but 16k for a 3.2ths in july! Shocked
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April 21, 2014, 11:47:21 PM
 #3

unit to a reputable reviewer on the forum will help greatly, like Dogie.
This Wink They have my details.

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April 21, 2014, 11:51:21 PM
 #4

The price tag is atrocious, no one good in their mind would want to buy a 3.2TH miner for $17k, and shipping in July. That being said, it looks nice.

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April 21, 2014, 11:52:13 PM
 #5

We need to see something hashng even prototype, and a unit to a reputable reviewer on the forum will help greatly, like Dogie. and check your prices, it might be a mistake, but 16k for a 3.2ths in july! Shocked


so I go to a different seller send him 10800 and I start mining with 4th in 60 minutes .

or a send you 16k to mine in july with a 3.2th machine.



here is the guy doing 1th in 60 minutes for 2.7k  or 4th for 10.8k


https://bitcointalk.org/index.php?topic=576844.0


your gear looks nice,but for july mining your price needs to be well under 5k

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
-ck
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April 22, 2014, 12:04:19 AM
 #6

That being said, it looks nice.
They look like renders to me.

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ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
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April 22, 2014, 12:15:16 AM
 #7

That being said, it looks nice.
They look like renders to me.
That being said, it looks nice.
They look like renders to me.
They look like renders to me too.  Also, the A1 logo on the ASICs is wrong.

Run a Bitcoin node, support the network.
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April 22, 2014, 12:16:48 AM
 #8

That being said, it looks nice.
They look like renders to me.

Indeed, it looks too clean, I didn't even notice.

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April 22, 2014, 12:17:04 AM
 #9

That being said, it looks nice.
They look like renders to me.
They are.  Not sure why - they do have some actual hardware; https://bitcointalk.org/index.php?action=profile;u=225399;sa=showPosts .  Would have been better to get some good shots of those, unless they're vastly different from the finished product.. but they appear mostly spot-on with the renders.

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April 22, 2014, 12:37:10 AM
 #10

Agreed they look like renders (or photoshop enchancement on the chips at the least). The focal length in the first picture is huge, I don't know how you'd do that.

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April 22, 2014, 12:43:04 AM
 #11

At the listed prices, it might as well be vaporware ..


BTC donations welcome:- 1BrersvQubEKt4m2hBXDNvU1B4RiYe6J4i   -   Feel free to visit wiki.chainminer.com for free hardware listings, and mining info. -  IRC on freenode #wiki.chainminer.com
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April 22, 2014, 12:43:47 AM
 #12

hmmm.. I see they are in Alexandria.. I'm in the region as well...

pricing is blah

BTC - 1D7g5395bs7idApTx1KTXrfDW7JUgzx6Z5
LTC - LVFukQnCWUimBxZuXKqTVKy1L2Jb8kZasL
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April 22, 2014, 12:56:19 AM
 #13



oohhh  well another pre-order .. I´m out

Good luck to you guys
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April 22, 2014, 01:00:40 AM
 #14

This is such a bad deal that its damn near insulting to the intellect of miners everywhere.

BTC: 15565dcUp4LEWe6KYT7tawMHFRL4cBbFGN
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April 22, 2014, 01:18:32 AM
 #15

The focal length in the first picture is huge, I don't know how you'd do that.
tilt/shift photography Wink ( or messing about with lenses flipped around and some extender tubes )

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April 22, 2014, 01:22:13 AM
 #16

heat sinks are patent pending? Huh?
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April 22, 2014, 01:42:29 AM
 #17

heat sinks are patent pending? Huh?
They can show us the patent application number Smiley

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April 22, 2014, 02:05:15 AM
 #18

Yeah Ntek, I can get Antminer S2's on ebay for $4k/TH and hash this weekend.

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.JINBI..

merges gold’s investment
holding value
with
blockchain technology
.
...T H E   G O L D E N   I C O...
.────────     WHITEPAPER     ────────.
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April 22, 2014, 02:05:28 AM
 #19

Its so fake its not even funny,

Does anyone notice there is one row of A1 chips on each board thats completely not on the heatsink? lol.... are they like only for decoration?
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April 22, 2014, 02:08:33 AM
 #20

Its so fake its not even funny,

Does anyone notice there is one row of A1 chips on each board thats completely not on the heatsink? lol.... are they like only for decoration?



That's Patented Technology, sorry

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.JINBI..

merges gold’s investment
holding value
with
blockchain technology
.
...T H E   G O L D E N   I C O...
.────────     WHITEPAPER     ────────.
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April 22, 2014, 02:10:31 AM
 #21

Payment is either with Bitcoin, Bank Wire Transfer, or PayPal. Value based on current Bitcoin Value of Coinbase.com in USDA


Safe for human consumption.

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.JINBI..

merges gold’s investment
holding value
with
blockchain technology
.
...T H E   G O L D E N   I C O...
.────────     WHITEPAPER     ────────.
▄█▀▀▀▀▀▀▀▀▀▀▀█▄
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April 22, 2014, 02:20:34 AM
 #22

Isn't the Spondoolies-Tech SP30 Yukon the World's Most Powerful Bitcoin Miner at 5.4 TH/s?

http://www.spondoolies-tech.com/products/sp30-yokon

False advertising!   Cool

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[]
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April 22, 2014, 04:50:19 AM
 #23

unit to a reputable reviewer on the forum will help greatly, like Dogie.
This Wink They have my details.

They sent an earlier prototype board to Ben Turas if I am not mistaken. I am sure they would send out working units when they have them to people who are representative and have a positive reputation for evaluation.

As for fast, faster, fastest remark or powerful, more powerful most powerful are we talking proposed or demonstrated? Does SpondooliesTech have the most powerful proposed miner in single unit 2U configuration at 5.4Th/s + or - 10% most likely they do? But really at this point that is meaningless when there are racks and racks and racks in huge farms right? How many people are going to be plugging in that 5.4Th/s at 2500W at home?


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April 22, 2014, 06:40:07 AM
 #24

How many people are going to be plugging in that 5.4Th/s at 2500W at home?

I will plug 3 of them. At home I'm running on 230V.

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April 22, 2014, 10:00:49 AM
 #25

unit to a reputable reviewer on the forum will help greatly, like Dogie.
This Wink They have my details.

They sent an earlier prototype board to Ben Turas if I am not mistaken. I am sure they would send out working units when they have them to people who are representative and and have a positive reputation for evaluation.


ok see what happens. they did give a good discount offer on units in stock when i asked.
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April 22, 2014, 12:59:20 PM
 #26

They sent an earlier prototype board to Ben Turas if I am not mistaken.
That was a board that contained too many errors to warrant an attempt to fix it, thanks to the bad design they received from Bitmine.
nTek is now working with a newer design, and I will receive an evaluation unit the moment it becomes available.

I am selling in stock OneStringMiner boards, based on the Bitfury chips. Have a look here: https://bitcointalk.org/index.php?topic=495536.0
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April 23, 2014, 02:50:17 AM
 #27

They've made a lot of promises before and not delivered anything. If not a scam they're at least a BFL-style preorder scheme, taking orders before they even have a product design.
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April 23, 2014, 03:06:45 AM
 #28

They've made a lot of promises before and not delivered anything. If not a scam they're at least a BFL-style preorder scheme, taking orders before they even have a product design.

I think they have always been acted in good faith, unfortunately the number of board respins, as Ben said, have caused the delays as the original design was flawed but they are trying to recover from that as best they can. Unlike BFL they are not refusing to compensate those waiting given the emails sent out. They are offering compensation for late delivery again if I am not mistaken and that is a proactive result of their failure to deliver on time unlike BFL who are being dragged kicking to court and even then they refused to pay out what they owe people. nTek exposure is a lot smaller than BFL and given that you can email Ry directly and discuss their problems as a customer they are nothing like BFL.

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April 23, 2014, 03:06:57 AM
 #29

I dont understand the reason to buy this (and others like it).

I can can get 2 TH right now on CEX.io for that price can't I?  Is my math wrong:

1.2 TH unit (1.6 TH in turbo which probably draws more power) = 8499.

So:

8499/$500 = 16.998 BTC

Current CEX.io price of .0085/gh so: 16.998/.0085 = 1999 GH

And if you use pbmining: 16.998/.0056 = 3035 GH..

It just doesnt make sense to me.  Am i missing something?

And if i am not..  Here is a link to where you can get 3 TH immediately for the price of the 1.2 TH unit:
http://pbmining.com?ref=robocoder

Disclaimer, this is my referral URL - please use if i just gave you a way to get more than twice the hashpower with no preorder.  All my money goes to ARF anyway..

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April 23, 2014, 03:17:49 AM
 #30

I dont understand the reason to buy this (and others like it).

I can can get 2 TH right now on CEX.io for that price can't I?  Is my math wrong:

1.2 TH unit (1.6 TH in turbo which probably draws more power) = 8499.

So:

8499/$500 = 16.998 BTC

Current CEX.io price of .0085/gh so: 16.998/.0085 = 1999 GH

And if you use pbmining: 16.998/.0056 = 3035 GH..

It just doesnt make sense to me.  Am i missing something?

And if i am not..  Here is a link to where you can get 3 TH immediately for the price of the 1.2 TH unit:
http://pbmining.com?ref=robocoder

Disclaimer, this is my referral URL - please use if i just gave you a way to get more than twice the hashpower with no preorder.  All my money goes to ARF anyway..



CEX.io? Really... have we not all agreed to not use that as it consolidates way too much hashing power in a single groups hands?

Isn't this about nTek and not promotion of CEX.io as that is WIDLY off topic?

http://www.reddit.com/r/Bitcoin/comments/1uta1v/the_real_issue_is_cexio_not_ghashio/

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The real issue is CEX.IO, not GHash.IO! (self.Bitcoin)

After researching the issue further I've come to the conclusion that it is not actually GHash.IO that is the real issue.

True, unlike most other pools, GHash.IO only publishes 250KB blocks (at most). This demonstrates either short sighted selfishness or simply an ignorant attitude to the recent increase in network transactions and the occasional "traffic jams" caused by that.

The real issue in terms of the 51% problem is CEX.IO. In their fresh from the oven statement (https://ghash.io/ghashio_press_release.pdf) they claim that one of the solutions is to allow users of CEX.IO to point the datacenter mining power to another pool.

That does not help with the problem. Either CEX.IO operators or an attacking hijacker can theoretically take control of the datacenter hashing power and point it anywhere.
The pool (GHash.IO) is not the issue nor are individual miners. All of that is irrelevant. In case of foul play it is trivial for individual miners to start pointing their miners to other pools. The centralized hashing power in the hands of CEX.IO is another story, and that is the real issue.

Long term the most realistic solution is that CEX.IO gets competition. More cloud mining services, more datacenters. Short term I think that people should not invest in mining through CEX.IO.

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April 23, 2014, 03:26:16 AM
 #31


CEX.io? Really... have we not all agreed to not use that as it consolidates way too much hashing power in a single groups hands?

Isn't this about nTek and not promotion of CEX.io as that is WIDLY off topic?

Sorry, wasn't intending it that way.  I was just using it as a well recognized example.

You are correct this is about nTek.  I guess what i was really saying but in a non-efficient and roundabout way is that i think these units are too expensive and there are better, less expensive and more cost effective solutions out there. 

I will agree though that the design of the blades is really cool though...
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April 23, 2014, 03:41:09 AM
 #32


CEX.io? Really... have we not all agreed to not use that as it consolidates way too much hashing power in a single groups hands?

Isn't this about nTek and not promotion of CEX.io as that is WIDLY off topic?

Sorry, wasn't intending it that way.  I was just using it as a well recognized example.

You are correct this is about nTek.  I guess what i was really saying but in a non-efficient and roundabout way is that i think these units are too expensive and there are better, less expensive and more cost effective solutions out there. 

I will agree though that the design of the blades is really cool though...

Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.

Please PM me if you are interested in purchasing one of the 1.2Th/s or the 2.4Th/s miners. We do offer special pricing on units of four or more.

Lastly it is important to state that the Q3 delivery date is being conservative. The 2.4Th/s miner is based on the 1.2Th/s design and the only difference is additional power supplies and possibly liquid cooling on the top of each A1 chip. This means there is a good chance that we will be able to ship the 2.4Th/s miners much sooner.
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April 23, 2014, 03:49:48 AM
 #33


Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.


Wouldn't it make more sense to wait until you have an idea of how much it will cost you to build one of these before you advertise a price? 
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April 23, 2014, 04:17:21 AM
 #34


Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.


Wouldn't it make more sense to wait until you have an idea of how much it will cost you to build one of these before you advertise a price? 
After seeing many 3rd party A1 boards, you never quite know how they'll turn out. Those chips are horrific to try and remove heat from.

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April 23, 2014, 07:33:35 AM
 #35


the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost.

This is about the stupidest thing ANY company would do and the sentence basically summarizes all the crap we're getting from incompetent bitcoin companies like BFL, HashFast, etc..

Here is a tip: If you are serious about your business, then please try to learn from those companies before you that succeeded and failed, because we as a bitcoin community have indeed learned our lessons.

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April 23, 2014, 07:40:39 AM
 #36

@nTek, I would gladly accept and do a review of your units when they are available.

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April 23, 2014, 07:24:00 PM
 #37


Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.


Wouldn't it make more sense to wait until you have an idea of how much it will cost you to build one of these before you advertise a price? 

We have been building the nTek miners now since January and have gone through multiple board iterations.

The expected Cost and Shipping Timeframes for delivery have now been updated on the product pages.

http://ntekcomputers.com/products/1ths-asic-bitcoin-miner-1000gh

http://ntekcomputers.com/collections/bitcoin-asic-miners/products/ntek-2-4th-s-28nm-asic-bitcoin-miner-3-200gh-s-in-turbo-mode

Please understand that these are conservative shipping timeframes. We are very close to having the 1.2Th/s miners ready to ship and the 2.4Th/s miners are two two of the same nTek 28nm ASIC modules. Same design and form 4U chassis form facter but with 80 A1 chips instead of 40.

We wanted to show what we are working on so we made the immediate announcement of the full (dual modules) 80 chip miner. Prices will of course be adjusted in the future as we streamline production and to also stay competitive with the market.

The current prices posted are based on the high quality of design and craftsmanship that has gone into our product. We are striving to set ourselves aside from others in the Bitcoin mining hardware industry. This is why we offer the following:

-Higher Quality Products
-Safe Credit Card Sales (protected with a 100% money back refund guarantee)
-Refunds to anyone who asks
-nTek ROI agreement (see our blog for details)
we are paying back the LMT (lost mining time) for our early customers from the first batch from the time their order was expected to the time it is delivered. BTC compensated based on difficulty rate per day and we are covering the electricity cost so each customer that did not take a refund is getting more BTC than previously expected.

We can also offer a partial (down payment) option of 40% paid at the time of order and the remaining 60% due when the units ship.

Please feel free to ask any questions or express any further concerns. nTek Computers appreciates your positive feedback.

Sincerely,

nTek Computers
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April 23, 2014, 07:32:15 PM
 #38

I also wanted to add a link to our blog so everyone can see the actual hardware we have been designing, building, and testing and to prove that the nTek 1.2Th/s miner is close to completion:

http://ntekcomputers.com/blogs/news

Thank you for the comments on our rendering abilities. We did NOT hire any outside consultants to make the 3D renderings and the animation. Several of our team members are experts in 3D design technology so we thought we would put those skills to the test to show how the innovative nTek cooling system works and why it is so unique.

We also put a note on the animation stating that it is digitally rendered as a disclaimer. Sorry for the confusion, we should have made a note on the original forum post. Our design team appreciates your comments though! ;-)
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April 23, 2014, 08:03:57 PM
 #39

I also wanted to add a link to our blog so everyone can see the actual hardware we have been designing, building, and testing and to prove that the nTek 1.2Th/s miner is close to completion:

http://ntekcomputers.com/blogs/news

Thank you for the comments on our rendering abilities. We did NOT hire any outside consultants to make the 3D renderings and the animation. Several of our team members are experts in 3D design technology so we thought we would put those skills to the test to show how the innovative nTek cooling system works and why it is so unique.

We also put a note on the animation stating that it is digitally rendered as a disclaimer. Sorry for the confusion, we should have made a note on the original forum post. Our design team appreciates your comments though! ;-)

Pricing still not competitive enough bud.  If your company can't get even in the same ballpark as this group buy:

https://bitcointalk.org/index.php?topic=575499.0;topicseen

No one is going to touch your products at retail price.  Not. A. Damn. Soul.


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April 23, 2014, 08:10:39 PM
 #40

I also wanted to add a link to our blog so everyone can see the actual hardware we have been designing, building, and testing and to prove that the nTek 1.2Th/s miner is close to completion:

http://ntekcomputers.com/blogs/news

Thank you for the comments on our rendering abilities. We did NOT hire any outside consultants to make the 3D renderings and the animation. Several of our team members are experts in 3D design technology so we thought we would put those skills to the test to show how the innovative nTek cooling system works and why it is so unique.

We also put a note on the animation stating that it is digitally rendered as a disclaimer. Sorry for the confusion, we should have made a note on the original forum post. Our design team appreciates your comments though! ;-)

Pricing still not competitive enough bud.  If your company can't get even in the same ballpark as this group buy:

https://bitcointalk.org/index.php?topic=575499.0;topicseen

No one is going to touch your products at retail price.  Not. A. Damn. Soul.



If you want to go even lower, you can get 1 TH/s for $2350 including shipping here:

https://bitcointalk.org/index.php?topic=409701.0

They even use the same A1 chips Ntek uses!   Tongue

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May 14, 2014, 05:12:50 PM
 #41

I dont understand the reason to buy this (and others like it).

I can can get 2 TH right now on CEX.io for that price can't I?  Is my math wrong:

1.2 TH unit (1.6 TH in turbo which probably draws more power) = 8499.

So:

8499/$500 = 16.998 BTC

Current CEX.io price of .0085/gh so: 16.998/.0085 = 1999 GH

And if you use pbmining: 16.998/.0056 = 3035 GH..

It just doesnt make sense to me.  Am i missing something?

And if i am not..  Here is a link to where you can get 3 TH immediately for the price of the 1.2 TH unit:
http://pbmining.com?ref=robocoder

Disclaimer, this is my referral URL - please use if i just gave you a way to get more than twice the hashpower with no preorder.  All my money goes to ARF anyway..



CEX.io? Really... have we not all agreed to not use that as it consolidates way too much hashing power in a single groups hands?

Isn't this about nTek and not promotion of CEX.io as that is WIDLY off topic?

http://www.reddit.com/r/Bitcoin/comments/1uta1v/the_real_issue_is_cexio_not_ghashio/

Quote
The real issue is CEX.IO, not GHash.IO! (self.Bitcoin)

After researching the issue further I've come to the conclusion that it is not actually GHash.IO that is the real issue.

True, unlike most other pools, GHash.IO only publishes 250KB blocks (at most). This demonstrates either short sighted selfishness or simply an ignorant attitude to the recent increase in network transactions and the occasional "traffic jams" caused by that.

The real issue in terms of the 51% problem is CEX.IO. In their fresh from the oven statement (https://ghash.io/ghashio_press_release.pdf) they claim that one of the solutions is to allow users of CEX.IO to point the datacenter mining power to another pool.

That does not help with the problem. Either CEX.IO operators or an attacking hijacker can theoretically take control of the datacenter hashing power and point it anywhere.
The pool (GHash.IO) is not the issue nor are individual miners. All of that is irrelevant. In case of foul play it is trivial for individual miners to start pointing their miners to other pools. The centralized hashing power in the hands of CEX.IO is another story, and that is the real issue.

Long term the most realistic solution is that CEX.IO gets competition. More cloud mining services, more datacenters. Short term I think that people should not invest in mining through CEX.IO.

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
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