Topic: A4 Dominator - Pre-Order Group Buy - 280mh, roughly 1000w, $1800 + shipping - page 74. (Read 122571 times)
July 14, 2016, 02:38:49 PM
Anyone know when the "video" they have been talking about is suppose to be posted?
July 14, 2016, 01:37:31 AM
Yes - I know about the company -- I've bought many 2nd hand A2 machines but not directly from them.
Past experience does not guarantee future experience especially in the world of Scrypt miners.
Every Scrypt miner that I have seen as a pre-order (past the A2's) has turned into Vaporware or some crazy fiasco.
In my opinion one would be a big gambler to pre-order such a machine that doesn't exist.
Sounds like a nice exit-strategy to me -- for a known company to advertise a great new Scrypt miner -- a good price -- and then lead people on for months, years, and zip -- they are gone!
Lets face it -- Scrypt mining is on the way out. Slowly, but surely.
LTC was added recently at Antpool... seems that in China, LTC has still got a big following.
I suspect Innosilicon is addressing that market which is a big one esp in China.
That is probably a bad new, because the diff can skyrocked if somewho as Bitmain enter to this market; BTW, could be Bitmain one of the Innosilicon's seek new partners?
If the diff skyrockets and a 250 MB can only generate 1 LTC a week. At $4 a coin you are not going to have a lot of people wanting to invest millions of dollars into setting up a farm. Also if Bitmain was one of their partners, I don't think they would be out trying to get preorder money to build. Another point is that you would think an investment group willing to setup a huge farm in China, would put up the money to do a big first batch build by Innosilicon. Then they can sell miners to individuals after they get the first thousand built. Instead they are trying to get preorder money to start a build. Not a good omen.
Don't disagree with your premise...even with large difficulty jump....but China electric is what 1c 2c kwh or free (for a cut of btc made on the side)...
I now with 1000mh and 14c kwy at 4100 watts and 4.08c LTC am making below
24 hours 10.49414062 LTC 42.82 USD 13.78 USD 29.04 USD
7 days 73.45898438 LTC 299.71 USD 96.43 USD 203.28 USD
30 days 314.82421875 LTC 1284.48 USD 413.28 USD 871.20 USD
IF SAY THE DIFFICULTY FOR LITECOIN DOUBLES well then I would get this
Profitability Analysis
Expected Rewards Costs Net Profit
24 hours 5.24707031 LTC 21.41 USD 13.78 USD 7.63 USD
7 days 36.72949219 LTC 149.86 USD 96.43 USD 53.42 USD
30 days 157.41210938 LTC 642.24 USD 413.28 USD 228.96 USD
big diff 642.24 usd or down 73.7%....but as you can see the above is still profit after electric and I may be screwed at 14c kwh
BUT folk in china with equiv equipment are still killing it ...even if difficulty for LTC doubles
Just saying...how they look at this with their electric costs vs my electric costs is a universe apart don't ya know
anyway my take on it
July 14, 2016, 12:33:49 AM
Yes - I know about the company -- I've bought many 2nd hand A2 machines but not directly from them.
Past experience does not guarantee future experience especially in the world of Scrypt miners.
Every Scrypt miner that I have seen as a pre-order (past the A2's) has turned into Vaporware or some crazy fiasco.
In my opinion one would be a big gambler to pre-order such a machine that doesn't exist.
Sounds like a nice exit-strategy to me -- for a known company to advertise a great new Scrypt miner -- a good price -- and then lead people on for months, years, and zip -- they are gone!
Lets face it -- Scrypt mining is on the way out. Slowly, but surely.
LTC was added recently at Antpool... seems that in China, LTC has still got a big following.
I suspect Innosilicon is addressing that market which is a big one esp in China.
That is probably a bad new, because the diff can skyrocked if somewho as Bitmain enter to this market; BTW, could be Bitmain one of the Innosilicon's seek new partners?
If the diff skyrockets and a 250 MB can only generate 1 LTC a week. At $4 a coin you are not going to have a lot of people wanting to invest millions of dollars into setting up a farm. Also if Bitmain was one of their partners, I don't think they would be out trying to get preorder money to build. Another point is that you would think an investment group willing to setup a huge farm in China, would put up the money to do a big first batch build by Innosilicon. Then they can sell miners to individuals after they get the first thousand built. Instead they are trying to get preorder money to start a build. Not a good omen.
July 13, 2016, 11:19:18 PM
Yes - I know about the company -- I've bought many 2nd hand A2 machines but not directly from them.
Past experience does not guarantee future experience especially in the world of Scrypt miners.
Every Scrypt miner that I have seen as a pre-order (past the A2's) has turned into Vaporware or some crazy fiasco.
In my opinion one would be a big gambler to pre-order such a machine that doesn't exist.
Sounds like a nice exit-strategy to me -- for a known company to advertise a great new Scrypt miner -- a good price -- and then lead people on for months, years, and zip -- they are gone!
Lets face it -- Scrypt mining is on the way out. Slowly, but surely.
LTC was added recently at Antpool... seems that in China, LTC has still got a big following.
I suspect Innosilicon is addressing that market which is a big one esp in China.
That is probably a bad new, because the diff can skyrocked if somewho as Bitmain enter to this market; BTW, could be Bitmain one of the Innosilicon's seek new partners?
July 13, 2016, 11:10:24 PM
Yes - I know about the company -- I've bought many 2nd hand A2 machines but not directly from them.
Past experience does not guarantee future experience especially in the world of Scrypt miners.
Every Scrypt miner that I have seen as a pre-order (past the A2's) has turned into Vaporware or some crazy fiasco.
In my opinion one would be a big gambler to pre-order such a machine that doesn't exist.
Sounds like a nice exit-strategy to me -- for a known company to advertise a great new Scrypt miner -- a good price -- and then lead people on for months, years, and zip -- they are gone!
Lets face it -- Scrypt mining is on the way out. Slowly, but surely.
LTC was added recently at Antpool... seems that in China, LTC has still got a big following.
I suspect Innosilicon is addressing that market which is a big one esp in China.
July 13, 2016, 10:30:41 PM
There is always risk, but I have done this before with Zeus and others.
Innosilicon is a well known entity and has earned some level of trust based on prior experience.
Would I send a wire transfer to a startup, no.
I seem to remember people saying that about KNC before things went south with them. I know Innosilicon has built miners before. What bothers me is that they need to solicit funds before they can build. Did they run out of money designing the A4 and so need to front money to build? If they are so trusted and big, why aren't they well funded. They should be able to build like Bitmain and then offer units for sale. Ship after confirmation of sent funds. Not wire me money and then next month or Sept probably send you some miners but no guarantee. This means you have to trust a bunch of people you have never meet before and hope they are honest business people. Innosilicon is a well known entity and has earned some level of trust based on prior experience.
Would I send a wire transfer to a startup, no.
July 13, 2016, 04:25:33 PM
No, I haven't posted them yet. I was going to wait a few weeks till we get delivery estimates from Innosilicon.
There are some on ebay, and I would search your local craigslist to avoid shipping charges as well.
I sold several gridseeds that way a few months ago. They are so cheap, the shipping on ebay is a significant percentage of the price. Makes sense to do those locally.
I really don't want to shpi the A2's due to the size/weight. I would also need to add insurance because of the size/weight increasing the likelyhood of shipping damage.
There are some on ebay, and I would search your local craigslist to avoid shipping charges as well.
I sold several gridseeds that way a few months ago. They are so cheap, the shipping on ebay is a significant percentage of the price. Makes sense to do those locally.
I really don't want to shpi the A2's due to the size/weight. I would also need to add insurance because of the size/weight increasing the likelyhood of shipping damage.
Yeah - I think if I sell mine -- people would have to pick them up. The shipping costs could easily be $50 to $75. And then there is the fraud issue with Ebay, etc. etc.
From what I have seen the 110Mh/s in the US are going for $600 to $700.
July 13, 2016, 04:24:40 PM
Hi, i have an 88mhs with one bad board and doing 77mhs right now ( http://rig.rent/rigs/26104 ). It is hosted at Cryptoboreas, Canada, if it could be of your interest... 
Thanks. I've pm'd you to avoid going off topic on this thread. Cheers.
July 13, 2016, 03:41:30 PM
Hi, i have an 88mhs with one bad board and doing 77mhs right now ( http://rig.rent/rigs/26104 ). It is hosted at Cryptoboreas, Canada, if it could be of your interest...
July 13, 2016, 03:09:23 PM
No, I haven't posted them yet. I was going to wait a few weeks till we get delivery estimates from Innosilicon.
There are some on ebay, and I would search your local craigslist to avoid shipping charges as well.
I sold several gridseeds that way a few months ago. They are so cheap, the shipping on ebay is a significant percentage of the price. Makes sense to do those locally.
I really don't want to shpi the A2's due to the size/weight. I would also need to add insurance because of the size/weight increasing the likelyhood of shipping damage.
There are some on ebay, and I would search your local craigslist to avoid shipping charges as well.
I sold several gridseeds that way a few months ago. They are so cheap, the shipping on ebay is a significant percentage of the price. Makes sense to do those locally.
I really don't want to shpi the A2's due to the size/weight. I would also need to add insurance because of the size/weight increasing the likelyhood of shipping damage.
July 13, 2016, 03:01:37 PM
I have tried to sell locally first, using craigslist before going to ebay.
I haven't looked at the current A2 prices yet, but last I checked they were going in the $700 range
I have a 110 and an 88 with one bad board.
I haven't looked at the current A2 prices yet, but last I checked they were going in the $700 range
I have a 110 and an 88 with one bad board.
Do you have a link on craigslist? I would be interested in some old A2's for a small side community project I'm running getting the miners into schools and Universities down under as part of a STEM project.
July 13, 2016, 02:46:31 PM
I have tried to sell locally first, using craigslist before going to ebay.
I haven't looked at the current A2 prices yet, but last I checked they were going in the $700 range
I have a 110 and an 88 with one bad board.
I haven't looked at the current A2 prices yet, but last I checked they were going in the $700 range
I have a 110 and an 88 with one bad board.
July 13, 2016, 02:44:10 PM
What are the A2's selling for now? Most of mine are 90Mhs. The 110's always ran too hot for me so I steered clear of purchasing them.
They are heavy to ship -- that is for sure.
July 13, 2016, 02:38:46 PM
Ive got 2x A2's currently running.
I still see some profit, although it's minimal, which is why im interested in the A4 with it's purported MH/W ratings.
Ill probably sell my A2's in the next few weeks to make room for the A4s.
I still see some profit, although it's minimal, which is why im interested in the A4 with it's purported MH/W ratings.
Ill probably sell my A2's in the next few weeks to make room for the A4s.
July 13, 2016, 02:15:04 PM
Well I am hopeful that this one becomes legit. There have been so many scams for Scrypt miners over the last 2 years (from what were legit companies) and then the litecoin reward halved which was kind of the nail in the coffin for me.
I shut my 30+ A2s off -- as they just weren't that profitable to deal with (and here in Oregon we have cheap electricity). Fun hobby it was though.
Perhaps I should sell them off on Ebay. Definitely solid and stable machines.
Mining Scrypt is fun as there are so many different coins to mine. I never mined LTC. Too boring. And never did multi-pools -- again BORING!
I travel to Shanghai in August. Perhaps I can make time to visit Innosilicon -- if they would only respond to my emails.
July 13, 2016, 01:59:27 PM
Well, there is always risk. I feel the risk is justified based on my prior experience with them, but it's certainly possible that they could fold at any time and keep the money.
I guess im less risk-adverse than you. I feel that getting the jump on the hashrate will help me in the long run.
I fully expect to see my gear at some point, even if they haven't shown it yet, and haven't specified any shipping date yet.
I would rather be an early adopter rather than waiting for everyone else to validate the HW and try to pick something up used at a later date.
Personal choice, and im comfortable with that choice. No second guessing or buyers remorse here (at least not yet).
I guess im less risk-adverse than you. I feel that getting the jump on the hashrate will help me in the long run.
I fully expect to see my gear at some point, even if they haven't shown it yet, and haven't specified any shipping date yet.
I would rather be an early adopter rather than waiting for everyone else to validate the HW and try to pick something up used at a later date.
Personal choice, and im comfortable with that choice. No second guessing or buyers remorse here (at least not yet).
July 13, 2016, 01:39:04 PM
Yes - I know about the company -- I've bought many 2nd hand A2 machines but not directly from them.
Past experience does not guarantee future experience especially in the world of Scrypt miners.
Every Scrypt miner that I have seen as a pre-order (past the A2's) has turned into Vaporware or some crazy fiasco.
In my opinion one would be a big gambler to pre-order such a machine that doesn't exist.
Sounds like a nice exit-strategy to me -- for a known company to advertise a great new Scrypt miner -- a good price -- and then lead people on for months, years, and zip -- they are gone!
Lets face it -- Scrypt mining is on the way out. Slowly, but surely.
July 13, 2016, 01:26:23 PM
They offered a invoice, but I am not a business, just a person.
I don't know that I need the tax accounting for the physical HW.
My accountant has said that the mining revenue is treated as straight income, so I can't deduct the price of the HW from the earnings for tax purposes.
I don't know that I need the tax accounting for the physical HW.
My accountant has said that the mining revenue is treated as straight income, so I can't deduct the price of the HW from the earnings for tax purposes.
July 13, 2016, 01:24:16 PM
Got an email this morning saying they had received the wire transfer.
They also sait the upcoming video would better explain PSU configuration.
Did they produce some form of an invoice after receiving wire transfer? They also sait the upcoming video would better explain PSU configuration.
Wow - you all sure are trusting.
Wiring money to an account with no real contract, product, recourse, etc. That takes guts.
eh, it's innoscilion . we know they make gear, most of us have owned some one time or another;)
its not a new company or anything
do i wish we had vids? pics? ANYTHING to know they physically exist? yupp ;\
But the miners MIGHT not exist yet. tho i think Batch 1 proB does one would hope
idk its not alot of risk for THIS company, they make gear, we all know that
my Biggest irk was them not taking BTC i think any company that supports BTC should accept it as payment
But that's their choice
July 13, 2016, 01:24:06 PM
There is always risk, but I have done this before with Zeus and others.
Innosilicon is a well known entity and has earned some level of trust based on prior experience.
Would I send a wire transfer to a startup, no.
Innosilicon is a well known entity and has earned some level of trust based on prior experience.
Would I send a wire transfer to a startup, no.
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