CYRious Technologies - CYR Jackhammer $599 / 1.4TH/s

[Johnny Bitcoin Walker]

CYRious Technologies is announcing the sale of their 1.4 TH/s Bitcoin Miner the CYR-Jackhammer with a pre-order price reduced to $599.00usd for the first 1,000 machines at which time pre-orders will be stopped and the units will return to their $899.00usd price 1 week prior to shipment for the general public.

The decision to fall into the group of “PRE-ORDER” companies was not an easy one but was settled upon to avoid having to seek crowd funding or venture capital funds.  In order to maximize pre-order efficiency and reward CYR has limited their pre-order batch to only 1,000 units in which they will be offering a $300 discount to reward its customers for help during the funding stage.

With the release of the Jackhammer bitcoin miner, CYR aims to put the hash power back in the hands of civilians and away from the big companies who pre-mine with your hardware for months before they ship. They aim to do this by maximizing production numbers to reduce NRE’s and offering a reduced cost to customers to increase affordability and sales.

The heart of the Jackhammer bitcoin miner is 2 of the 28nm Dozer 700GH/s bitcoin mining asic run by its FPGA control board. It’s compact design and 450w power supply make it energy efficient and easily scaled and its USB 3.0 connectivity makes it easy to keep organized across multiple units with a single USB hub.
CYR will be accepting escrow through The Bitcoin Society for pre-orders from bitcointalk forum members only, at the buyer’s expense. For now you will have to use their standard escrow agreement form until they get one drafted specifically for our use.  All other regular orders can be placed through the website.

We are still seeking a re-seller to cover the EU markets, to inquire please write to admin@CYRminers.com

Photo Roll
Website
Trolling Thread
Escrow Link

I have been asked to issue a notice to customers until the web design team gets back into the office on Monday and updates the website. All orders placed through the website are automatically canceled if they are not funded or paid for within 60 minutes of the time the order is created. As there are often several "testing it out" orders with any hardware company and the web interface runs bitcoin-d in the background and generates a new address for each order, to avoid generating multiple addresses which are never used the backed cancels non funded orders after 1 hour and recycles the address after 72 hours.

Legal disclaimer
**CYR Miners and Cyrious technologies is in no way affiliated with or a division of CYRious Software llc.

Q&A edited out of all the troll banter

Since no one is asking the obvious question, I'll do it.

How do you explain the extremely low price? Are you saying other legitimate manufacturers have insanely high margins? Or do you have a new approach that cuts around 70% of your costs compared to the others?

Thank you Tovandnok,

I will try my best to explain it as well as possible, Firstly, the highest expense of manufacturing your own ASIC hardware are the NRE's (non recurring engineering expenses). When a company runs a small production run < 5,000 units they have to spread those expenses across their production run a good example was the hashfast babyjet, less than 1,000 made & very expensive hardware. So by designing a long haul large production run machine (15,000 in just the first batch ) the NRE cost absorbed per unit is less than $5 were most companies exceed $1,000 per unit on their NRE absorption.

Second, most companies make claims ( like delivery dates ) that they know 100% for sure when they make them they cannot meet. They do this to increase sales but it also comes with a cost of legal fees, knowing these fees are coming, many manufacturers build them into the cost of each machine increasing the CPU ( cost per unit )

Next, several companies rely solely on pre-orders to fund 100% of development, and have to squeeze profit out of hype and production. Having to rely on pre-orders for development they cannot accept escrow in most cases. Which means they have to spend fortunes in advertising, PR, and all that jazz. Also built into the cost of each machine.

Lastly, YES, most companies have HUGE margins built into their hardware, not only in cash profit, but in mining with hardware you paid for, some of them (BFL) for over a month.

CYR employees its own Engineers some of which are interns which lowers NRE cost, also with the large production numbers 15,000 units per batch across dozens of batches the cost gets broken down to next to nothing per unit. CYR funded its own development and is only doing pre-orders to slightly offset the first production batch as initial asic samples ran 1.8 Million over budget due to a core issue. Meaning we can accept escrow on about 70% of our pre-orders, removing the need for the over developed website, hundreds of thousands of dollars on advertising, and all the fancy show and glow that the other companies need to do as without doing escrow they need to convince you they are legit before you buy. And lastly CYR is very very very ahead of schedule for their late July 2014 shipping date, so they do not need to figure legal costs into the cost per unit.

I hope that answers your question, and thank you for asking.

Questions:

1Why would you not use a reputable known escrow trusted in this forum?
2Where are the FPGA chips being fabricated / bought from?
3Who designed the FPGA chips?
4Who is currently designing your boards?
5Where will your boards be fabricated?
6How can you account for the lower prices given that board costs run nearly that much as your sales price no matter the chips you use?
7How will these units be cooled?

1: the "most reputable" escrows on this forum are crooks with nothing to lose but a forum reputation in which they can start over with
2: the FPGA's are atmel FPSLIC series
3: atmel
4: they were done in house
5: as with most major components they are manufactured in shenzhen china
6: lower cost is a result of better funds managment and more off the shelf components as well as higher production numbers
7: they have a picture of the cooling unit on the slideshow.
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I will do my best to continue to update the original post with the Q&A relevant to the thread so legitimate interested parties dont have to sort through 100 pages of garbage to find answers.

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[raskul]

SCAM

 

[xstr8guy]

I can't wait for the super-sleuths to tear this one apart!

[alani123]

We're on #99999 Lorem Ipsum Street
Quisque PC 45300
Montreal, Canada

This scam is so cheap.

[raskul]

We're on #99999 Lorem Ipsum Street
Quisque PC 45300
Montreal, Canada

This scam is so cheap.

same address as PBMining. 

[alani123]

same address as PBMining. 

The thing with PBminig is that the don't promise to deliver something physical.

[Johnny Bitcoin Walker]

SCAM

 

Oh yes, a scam which takes escrow. arent you a smart one we have a place for you to conduct your usual antics in the trolling thread , also, for the other "super sleuths" you caught a cached version of an expired menu link page. Common problem with drupal. but keep on sleuthing, your all geniuses.

[raskul]

same address as PBMining. 

The thing with PBminig is that the don't promise to deliver something physical.

true enough. I do actually have 400GH/s on there... if I get stung, it's my own silly fault... but hey, gotta roll with the punches.
 

[raskul]

SCAM

 

Oh yes, a scam which takes escrow. arent you a smart one we have a place for you to conduct your usual antics in the trolling thread , also, for the other "super sleuths" you caught a cached version of an expired menu link page. Common problem with drupal. but keep on sleuthing, your all geniuses.

yeah, somehow, your very humble convincing tactics are *just* not selling it to me. keep talking.

[Johnny Bitcoin Walker]

SCAM

 

Oh yes, a scam which takes escrow. arent you a smart one we have a place for you to conduct your usual antics in the trolling thread , also, for the other "super sleuths" you caught a cached version of an expired menu link page. Common problem with drupal. but keep on sleuthing, your all geniuses.

yeah, somehow, your very humble convincing tactics are *just* not selling it to me. keep talking.

My apologies raskul, this is not a "sales thread" if it were it would be in the marketplace. This is an information thread simply sharing information. If you want to be sold, please contact the admin@cyrminers.com and i believe they can get you in touch with one of the salesmen.

[miter_myles]

lol @ a dedicated trolling thread in the OP...

[jelin1984]

I will buy your whole miners

[Johnny Bitcoin Walker]

I will buy your whole miners

I'm sorry, i'm not quite sure i understand what your asking. They will be complete when they ship if that is what you were getting at ? The photo's are just an empty case, a prototype from the case MFG.

anyways, can you clarify a little better? if i cannot answer your question i can get you in touch with the people who can.

[miter_myles]

So - where is the (https)SSL protection with my PII when I go to checkout???

[Johnny Bitcoin Walker]

So - where is the (https)SSL protection with my PII when I go to checkout???

You would have to e-mail admin@cyrminers.com I am not the brains of the operation and not qualified to answer that question, Not that i dont know what an SSL is, i just do not know why it is not showing during checkout. If i had to guess i would say it is because of the bitcoin payment in which no CC number or vital info is given so there is no need for it. But thats just a guess. I was just hired to do a few forums and reddit and stuff and deal with the trolls. for $15 an hour its well worth it. I always got a kick out of trolls anyways, always good for a few laughs. Therefore why i started a dedicated thread just for them, so i dont get in trouble for feeding them on the "conducting business" thread.

Best i could offer is to e-mail them and ask or i can put it down on my list and find out on Monday for you when they are back to work if you would like. Sorry i couldnt be of more help immediately, its after hours and the only reason i am still on the forums / social media / other stuff is because some of the other forums are proving to be quite entertaining at this late hour.

[titomane]

Jajajajaja Someone fall?

[alani123]

So - where is the (https)SSL protection with my PII when I go to checkout???

Their website seems realy fishy overall. It migh be built on a template.

Someone posted the link to the website on reddit, (Propably OP here) http://www.reddit.com/r/Bitcoin/comments/24k3rg/cyr_announces_14ths_for_599/

There is a whois as a comment. Can't find more info currently. OP needs to do a better job if he wants to gain the community's trust.

[miter_myles]

I would imagine so as the "photos" are kept on a photo bucket account instead of within the actual site/domain

* seems like we have a lot of "companies/operations" sprouting up again.. perhaps it would be wise to break this forum into the "Pre-order/announcement hardware" with all the proper warning and red flag alerts...  and then a "current/shipping now hardware"... just seems like a lot of "fake" clutter

[tzortz]

There is no contact link, huh?

[Johnny Bitcoin Walker]

So - where is the (https)SSL protection with my PII when I go to checkout???

Their website seems realy fishy overall. It migh be built on a template.

Someone posted the link to the website on reddit, (Propably OP here) http://www.reddit.com/r/Bitcoin/comments/24k3rg/cyr_announces_14ths_for_599/

There is a whois as a comment. Can't find more info currently. OP needs to do a better job if he wants to gain the community's trust.

Nope thats not my Reddit thread, although i do have one which is proving to be the most entertaining of the night thus far.

There is no contact link, huh?

I'm not the web guy, but i am sure they will have it all worked out over the next few weeks, not near fast enough for the superhuman members of bitcointalk.org, but i'm sure the rest of the real bitcoin society will be content.

I would imagine so as the "photos" are kept on a photo bucket account instead of within the actual site/domain

* seems like we have a lot of "companies/operations" sprouting up again.. perhaps it would be wise to break this forum into the "Pre-order/announcement hardware" with all the proper warning and red flag alerts...  and then a "current/shipping now hardware"... just seems like a lot of "fake" clutter

There are photos on the website, quite a few actually, i just linked to their slideshow on facebook because its the only slideshow i have access to. As for moving the thread, sure why not, i get paid to answer what questions i can and filter through the troll blather to find legitimate questions and make sure they get in touch with the right people, again for those who missed it in the previous post, this IS NOT A SALES THREAD, henceforth why it is not in the marketplace section. This is more a Q&A thread, with a separate trolling thread for sheer entertainment value.


as for building credibility, again not my job, The heatsink and fan, PSU, and concept art, sure easy to get / fake / steal if one wanted to, but they have pictures of their actual sample case on their website which would have cost a small fortune to have made just to "scam" 1 or 2 people if that was the intent. Its 500% more than the overnight scam sensations have been able to produce when they pop up on this and other forums. So hows about we pipe down with the nonsense and keep it to honest and legit questions so i can assist the people who really have good questions and keep the dumb stuff to the trolling thread. Now that parts are ordered, things are arriving, and a website is under development i am sure over the next week tops the company will handle its only legitimacy issues on its own. In todays meeting there were talks of having a working prototype done in a week to a week and a half and available for live streaming from the shop floor. So save it until then, or dont order until then.

The one thing that 99% of you missed is that they agreed to take escrow through a legit organisation who themselves has good history on this and other forums. Meaning if you have legitimacy issues, you have a way to protect yourself. I dont get paid to sell, and most of you, well thats giving a little too much credit, some of you are smart enough to figure it out. If it were me personally, i WOULDNT order without using escrow myself. People who dont use escrow are asking to get ripped off in most cases, not saying this is one of them, just that escrow was designed for that purpose.