And please give us some company history/background.
When did the company formed? 2012? 2013? Feb? March?
How long have your company been located at this address/office?
How many people in the company? Which foundry are you using?
ASIC design in-house or 3rd party? Where will it be assembled/shipped from?
Topic: 3 TH/s Bitcoin Mining Hardware KL-YUG by KotakLabs - page 4. (Read 35729 times)
Lol typical scam. Photoshop case and even copied texts from other websites.
Paypal? Doesn't really mean nothing to be honest. Especially when this "company" has no background at all. They could just fake updates for 2 months and then just do a runner. Paypal wouldn't be able to do jack. He'll be living like a King literately in India.
Past 45 days for Paypal and chances of you getting a refund will be very slim (especially from someone in India).
Why people even fall for this shit time and time and time and time again just truly baffles me.
I mean who falls for techy bullshit words like:
ElectricityCutter™
Power Chill Cooling Technology™
KL-PARISHRAM™
It's almost as bad as:
FROSTBIT™
Cryonic Architecture™
On-board Liquid Nitrogen Generator XT™
Web whois also has privacy protect.
Paypal? Doesn't really mean nothing to be honest. Especially when this "company" has no background at all. They could just fake updates for 2 months and then just do a runner. Paypal wouldn't be able to do jack. He'll be living like a King literately in India.
Past 45 days for Paypal and chances of you getting a refund will be very slim (especially from someone in India).
Why people even fall for this shit time and time and time and time again just truly baffles me.
I mean who falls for techy bullshit words like:
ElectricityCutter™
Power Chill Cooling Technology™
KL-PARISHRAM™
It's almost as bad as:
FROSTBIT™
Cryonic Architecture™
On-board Liquid Nitrogen Generator XT™
Web whois also has privacy protect.
Quote
Hence, as a reputed firm in India known for its customer satisfaction and service we have adopted consumer-loving policies such as...
With the current difficulty of 609,482,679 you could generate in theory with 3TH/s about 0.1031 BTC/Hour or 2.474BTC per day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
by March, BTC is worth around $1,500. It means around $350/day (based on 0.25BTC/day rate). $350/day x 30 days = over $11K.
If that is true, I would buy 100 3TH/s miners in a beat.
You don't seriously believe that we will be somewhere near 609m difficulty in 4 months, do you?
I don't think you understand how difficulty works - it's based on the total mining pool. Every time someone turns on a miner, the next difficulty will go up. Think about all the other companies releasing miners between 30GH to 1000GH in the next 2 months. It's going to be above 2B difficulty by March and I'm being optimistic.
Please don't make statements on difficulty and hashrate if you don't understand the mechanics, it just confuses the new people.
So lets see, how much you expect for march? Your 2B are much lesser then my 5.9B, isn't? Actually, if you able to read my post clear, i wrote exactly the same sentence of your repeat...
ACH facility means. If a merchant has USA paypal account and link their bank account with Paypal / provide them authorization.
That means, in the event that a user files a dispute or requests refund, then paypal can withdraw money from the bank account.
ACH facility is a two way fund transfer.
Something on those lines. But with Indian bank accounts, that is not possible.
P.S : Someone correct me if am wrong.
That means, in the event that a user files a dispute or requests refund, then paypal can withdraw money from the bank account.
ACH facility is a two way fund transfer.
Something on those lines. But with Indian bank accounts, that is not possible.
P.S : Someone correct me if am wrong.
In addition:
Quote from: http://kotaklabs.com/products/kl-yug/
This is a Pre-Order Product which is not yet shipping. If you’re uncomfortable waiting until the development is complete and the product is shipped, do NOT pre-order this product. Perhaps undesirable, but this is a pre-order market.
This looks AWFULLY familiar. Where have I seen this? Oh yeah... on the website of another scammer, BFL: https://products.butterflylabs.com/600-gh-bitcoin-mining-card.html
Quote from: BFL
This is a Pre-Order product which is not yet shipping. If you're uncomfortable waiting until the development is complete and the product is shipped, do NOT pre-order this product. Perhaps undesirable, but this is a pre-order market.
In short, I'm calling scam.
And there is no ACH facility offered by Indian Bank accounts. So the money transfer is just one way. From Paypal --> merchant's bank account
What do you mean by that. What is an ACH facility?
Anyway great post and way more useful than talking about power consumption and ROI of vaporware
ACH facility means. If a merchant has USA paypal account and link their bank account with Paypal / provide them authorization.
That means, in the event that a user files a dispute or requests refund, then paypal can withdraw money from the bank account.
ACH facility is a two way fund transfer.
Something on those lines. But with Indian bank accounts, that is not possible.
P.S : Someone correct me if am wrong.
Word of Caution for all those want to place pre-order thinking they are protected by PAYPAL BUYER PROTECTION
...
So if you are placing the order thinking that you can request refund from paypal.. think again.!
...
So if you are placing the order thinking that you can request refund from paypal.. think again.!
Send an e-mail to PayPal to warn them about the potential scam?
And there is no ACH facility offered by Indian Bank accounts. So the money transfer is just one way. From Paypal --> merchant's bank account
What do you mean by that. What is an ACH facility?
Anyway great post and way more useful than talking about power consumption and ROI of vaporware
labcoin 2.0! alberto? jkjk
Word of Caution for all those want to place pre-order thinking they are protected by PAYPAL BUYER PROTECTION
If you are not aware, paypal works quite differently for Indian Merchants.
All the payments received by a Indian paypal merchant is automatically withdrawn to their Indian Bank account by end of every business day. This is due to a regulation put in place by Reserve Bank of India (RBI).
Eventhough the merchant needs to verify their account using a Indian Bank account AND a credit card. I doubt if the credit card he/she has used has a credit line more than a few hundred dollars.
And there is no ACH facility offered by Indian Bank accounts. So the money transfer is just one way. From Paypal --> merchant's bank account
So if 5 people order the mining rigs worth 3k and he closes the shop, paypal doesnot have anyway to refund the money as the money would have been automatically withdrawn to the merchant's bank account the day he received payment. Only thing paypal can do is charge his credit card to honor the refunds.
So if you are placing the order thinking that you can request refund from paypal.. think again.!
If you are not aware, paypal works quite differently for Indian Merchants.
All the payments received by a Indian paypal merchant is automatically withdrawn to their Indian Bank account by end of every business day. This is due to a regulation put in place by Reserve Bank of India (RBI).
Eventhough the merchant needs to verify their account using a Indian Bank account AND a credit card. I doubt if the credit card he/she has used has a credit line more than a few hundred dollars.
And there is no ACH facility offered by Indian Bank accounts. So the money transfer is just one way. From Paypal --> merchant's bank account
So if 5 people order the mining rigs worth 3k and he closes the shop, paypal doesnot have anyway to refund the money as the money would have been automatically withdrawn to the merchant's bank account the day he received payment. Only thing paypal can do is charge his credit card to honor the refunds.
So if you are placing the order thinking that you can request refund from paypal.. think again.!
20 amp 120 volt circuit=2400 watts(hopefully your circuit is 12AWG). So you stay below that by 20% for safety=480 watts=total draw should not exceed 1920 watts 
15 amp is usually standard around here for residential :/
*rolls eyes*
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
20 amp 120 volt circuit=2400 watts(hopefully your circuit is 12AWG). So you stay below that by 20% for safety=480 watts=total draw should not exceed 1920 watts
Hello sock puppet. Welcome to the Forums! Your first post is a bit technical for a, well, first post. Isn't it?
Jerk.
That is all
Excuse me? If you actually think this is legit, feel free to order. Sorry about pointing out the blatantness of this scam attempt. So, go ahead. And please report back on your experience with this!
fyi... Last Diff jump around 19%...
With the current difficulty of 609,482,679 you could generate in theory with 3TH/s about 0.1031 BTC/Hour or 2.474BTC per day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
by March, BTC is worth around $1,500. It means around $350/day (based on 0.25BTC/day rate). $350/day x 30 days = over $11K.
If that is true, I would buy 100 3TH/s miners in a beat.
Are you including the fact that the difficulty increases 40% every 10 to 15 days when you did your math? I doubt anyone will make $350/day x 30 days, it's simply not possible with your math.
With the current difficulty of 609,482,679 you could generate in theory with 3TH/s about 0.1031 BTC/Hour or 2.474BTC per day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
by March, BTC is worth around $1,500. It means around $350/day (based on 0.25BTC/day rate). $350/day x 30 days = over $11K.
If that is true, I would buy 100 3TH/s miners in a beat.
You don't seriously believe that we will be somewhere near 609m difficulty in 4 months, do you?
I don't think you understand how difficulty works - it's based on the total mining pool. Every time someone turns on a miner, the next difficulty will go up. Think about all the other companies releasing miners between 30GH to 1000GH in the next 2 months. It's going to be above 2B difficulty by March and I'm being optimistic.
Please don't make statements on difficulty and hashrate if you don't understand the mechanics, it just confuses the new people.
bla bla ... nice photoshop case ... maybe we will have a product in 1 year .. send money now .. no thanks
Just in case you dont know mate,
If you asking the plug it's either 15 or 20AMPS
AMPS x Volts = Watts
20A x 110V = 2200W
An average 1.5ton Air Conditioner consumes about 1800W
The product will come with an instruction manual, just in case.
Hello Friend,
All the technical specs, our datasheet, a fully working prototype youtube video, our partners, etc everything will be rolled out on our blog soon.
Meanwhile, you can also sign up for our newsletter for real time updates : https://kotaklabs.com/newsletter/
All potential scams have shiny cases. This is getting really old.
Hey kotaklabs what technical details can you give about your chips? What node are they using? When are you going to tape out? Who is going to make your chips? What proof do you have for chips production?
If you asking the plug it's either 15 or 20AMPS
AMPS x Volts = Watts
20A x 110V = 2200W
An average 1.5ton Air Conditioner consumes about 1800W
The product will come with an instruction manual, just in case.
*rolls eyes*
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
Hello Friend,
All the technical specs, our datasheet, a fully working prototype youtube video, our partners, etc everything will be rolled out on our blog soon.
Meanwhile, you can also sign up for our newsletter for real time updates : https://kotaklabs.com/newsletter/
As per the current work and research progress we are expecting to ship this hardware by end of March '14. There are no additional charges for shipment of the product and all shipments will be delivered via FedEx Express. However, the customer is liable to pay any customs/duties/taxes applicable in his country.
We accept that our competitors have already created lot of panic with anti-customer business policies such as No Refund, Accepting payments via sources which do not have any consumer protections,etc hence we only accept payment via PayPal/Credit Cards and are liable to issue a refund to our customers if we are not able to deliver them products as per the delivery deadline.
All further information about the product can be found at our website : http://kotaklabs.com/products/kl-yug/.
If you have any queries/suggestions, please feel free to drop us a mail at [email protected]
Have a great day!
We accept that our competitors have already created lot of panic with anti-customer business policies such as No Refund, Accepting payments via sources which do not have any consumer protections,etc hence we only accept payment via PayPal/Credit Cards and are liable to issue a refund to our customers if we are not able to deliver them products as per the delivery deadline.
All further information about the product can be found at our website : http://kotaklabs.com/products/kl-yug/.
If you have any queries/suggestions, please feel free to drop us a mail at [email protected]
Have a great day!
All potential scams have shiny cases. This is getting really old.
Hey kotaklabs what technical details can you give about your chips? What node are they using? When are you going to tape out? Who is going to make your chips? What proof do you have for chips production?
With the current difficulty of 609,482,679 you could generate in theory with 3TH/s about 0.1031 BTC/Hour or 2.474BTC per day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
by March, BTC is worth around $1,500. It means around $350/day (based on 0.25BTC/day rate). $350/day x 30 days = over $11K.
If that is true, I would buy 100 3TH/s miners in a beat.
You don't seriously believe that we will be somewhere near 609m difficulty in 4 months, do you?
*rolls eyes*
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
Well, you have to admit, it has been getting a bit boring around here, with a lack of fresh-new scams...
"-What is the power wattage?
About 1300-1600 Watts. With our constant research on implementation of EnergyCutter technology we are still trying to bring this barrier down."
Even then, how is this product going to ever run in an average household ?! I mean, plug a nightlight into that same circuit and you're liable to trip it.
With the current difficulty of 609,482,679 you could generate in theory with 3TH/s about 0.1031 BTC/Hour or 2.474BTC per day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
I use this website for example:
http://bitcoinwisdom.com/bitcoin/difficulty
If calculate for delivery time in march next year, the average expected difficulty could been 5,941,344,136
Depend on this difficulty, the amount will decrease extremly:
0.01057BTC/Hour and 0.2537BTC per Day.
by March, BTC is worth around $1,500. It means around $350/day (based on 0.25BTC/day rate). $350/day x 30 days = over $11K.
If that is true, I would buy 100 3TH/s miners in a beat.
Jeez..get a grip. My calculations are for estimate only based on rough data here. Big difference. We do not control the difficulty calculations. Last jump in difficulty rate was around 13%. If the trend continues, my estimate may be good enough for now.
ROI is what I'm after. These 3TH/s miners will be worthless in 1 year based on the increasing of difficulty levels.
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