When do you expect to start shipping ?
I don’t want to overquote - August.
Topic: ALLMINE INC - FPGA Cryptominer - page 25. (Read 51510 times)
I don’t want to overquote - August.
When do you expect to start shipping ?
Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit.
That statement is patently false. Letters of credit were, are, and will be written for various sums, both lower and higher. It is a mainstay of many industries, not just produce importers.I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen. With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
I don't have an inside knowledge of your venture so I can't make any definitive statements.What I will comment about is one fact: you may think that you can freely mix true and false statements and they will average to "reasonable". No they average to "are you on drugs?" or "what film set did you came from?" or "did you forgot to take your medications?".
This vacillation between heady optimism and dark paranoia in a single person is not only off-putting. It is the reason to raise suspicion among both crypto-currency people and traditional finance people.
Every statement I made is true. I offered a letter of credit - they required upfront. I’m not sure what your angle is here, but there’s no conspiracy for you to play on here.
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer.Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit. I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen.
With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
I agree with you, but in turn, buyers take a bigger risk with little concept of expectation. I had to dig deep to get what I now feel is my expectation. Not saying that it's wrong, just the way it is.
I definitely understand. Let me know what I can do to help anyone feel comfortable.
My opinion is that anything in the crypto space is a risk; and sometimes a lot of risk. Even this venture with FPGAs is very risky. Some have already commented that a bunch of us is trusting two faceless forum handles with our money to deliver on nothing more than their words. Of course, GPUHoarder and senseless have done their very best to ease our speculations and that's awesome. It is up to each of us individually to do our own homework, ask questions, and research this technology (and the people behind it) and come up with a personal decision based on our own risk tolerance (as well as our wallets) on whether or not this is worth the risk.
As with anything new, there is always risk and when it comes to crypto, always remember: only play with money you're wiling to lose or don't play at all
On a side note, I'm already in for 2 units and possibly a 3rd if the paypal fiasco irons out... and if these units become paper weights then I've got no one to blame but myself however I believe in this technology and the potential of where it will go so I'm in this for the long run. Look at how the Antminer Z9 Mini saga has been running... you want to talk risk, go see how that's progressing with price and FUD against the equihash network, plus a 50k-sols-miner was just announced by Innosilicon a couple days ago for $10k... all those people with pre-orders for Z9 Minis are shaking their heads (me included) but that's how the game is played.
In short, pay to play and if you lose, don't complain. *grabbing popcorn and enjoying the show*
Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit.
That statement is patently false. Letters of credit were, are, and will be written for various sums, both lower and higher. It is a mainstay of many industries, not just produce importers.I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen. With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
I don't have an inside knowledge of your venture so I can't make any definitive statements.What I will comment about is one fact: you may think that you can freely mix true and false statements and they will average to "reasonable". No they average to "are you on drugs?" or "what film set did you came from?" or "did you forgot to take your medications?".
This vacillation between heady optimism and dark paranoia in a single person is not only off-putting. It is the reason to raise suspicion among both crypto-currency people and traditional finance people.
What kind of operation is Xilinx running? Can they produce enough volume to bring these down to sub 1k$? 300$?
Don't have too high hopes. Your expecting something that hashes 10x more than a 1070ti and uses same wattage for one card to cost the same as a 1070ti? Why would anyone sell it for that cheap with the performance to wattage it can offer. This type of equipment is not meant for kids.
There are a lot of reasons.
What kind of operation is Xilinx running? Can they produce enough volume to bring these down to sub 1k$? 300$?
Don't have too high hopes. Your expecting something that hashes 10x more than a 1070ti and uses same wattage for one card to cost the same as a 1070ti? Why would anyone sell it for that cheap with the performance to wattage it can offer. This type of equipment is not meant for kids.
What kind of operation is Xilinx running? Can they produce enough volume to bring these down to sub 1k$? 300$?
High volumes are not their typical business model. You can consider this them putting their toes in the water. I think they're pretty happy with how things went / are going. I know I'd be if I was them. We'll have to wait to see where it goes from here
Edit: I should say, volumes high enough to get the price to what we want it are not their typical business model.
What kind of operation is Xilinx running? Can they produce enough volume to bring these down to sub 1k$? 300$?
It's really great to see FPGAs making a comeback, and in a way that's more accessible to individual miners.
I have some technical questions, if I may;
Thank you both for all your efforts in this.
Kind regards,
David
I have some technical questions, if I may;
- It was mentioned in a previous post that the units will come with encryption keys burned in. I'm somewhat familiar with the IP protection mechanisms of previous generation Xilinx devices, so is my understanding correct that these VCU1525's won't load a bitstream unless it's been encrypted using your key?
- If the above is true, if for whatever reason you had to cease your operation, or are unable to provide devs with continued access to development hardware, would you release these encryption key(s) and any other secrets to prevent future development work on bitstreams for fielded units grinding to a halt?
Thank you both for all your efforts in this.
Kind regards,
David
Was it answered? It's very important question to my mind...
Yes, the encryption key will not prevent unencrypted designs from being loaded but will prevent other encrypted designs from being loaded. If you ever did want to run some other encrypted design you would be required to blow the fuse and the same restrictions would be in place. But, for instance, whitefire's unencrypted designs will work just fine.
It's really great to see FPGAs making a comeback, and in a way that's more accessible to individual miners.
I have some technical questions, if I may;
Thank you both for all your efforts in this.
Kind regards,
David
I have some technical questions, if I may;
- It was mentioned in a previous post that the units will come with encryption keys burned in. I'm somewhat familiar with the IP protection mechanisms of previous generation Xilinx devices, so is my understanding correct that these VCU1525's won't load a bitstream unless it's been encrypted using your key?
- If the above is true, if for whatever reason you had to cease your operation, or are unable to provide devs with continued access to development hardware, would you release these encryption key(s) and any other secrets to prevent future development work on bitstreams for fielded units grinding to a halt?
Thank you both for all your efforts in this.
Kind regards,
David
Was it answered? It's very important question to my mind...
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer.Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit. I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen.
With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
I agree with you, but in turn, buyers take a bigger risk with little concept of expectation. I had to dig deep to get what I now feel is my expectation. Not saying that it's wrong, just the way it is.
I definitely understand. Let me know what I can do to help anyone feel comfortable.
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer.Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit. I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen.
With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
I agree with you, but in turn, buyers take a bigger risk with little concept of expectation. I had to dig deep to get what I now feel is my expectation. Not saying that it's wrong, just the way it is.
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer.Companies do not spin up $20M worth of product on extremely limited supply chains on letters of credit. I had to front it, and I can’t front it through August with no concept of demand numbers. This was not a profit taking venture, I’m trying very hard to make sure these cards make it into the community without price gouging that was about to happen.
With out that effort, they would have continued to produce small batches and introduced heavy lead times and price increases. I took the risk off them, everyone here benefits. Simple as that.
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
Well, that simple matter is called https://en.wikipedia.org/wiki/Letter_of_credit . People routinely have been paying that way for importing the produce that haven't even grown yet. I feel weird explaining to the highly educated people what I learned as a kid from the bazaar fruit importer. I still don't understand what is the issue for Paypal... You are selling a legitimate product, your customer are purchasing it, it's legal...
What is their legal reasoning for refusing your business ?
PS : will be wiring fund on monday
What is their legal reasoning for refusing your business ?
PS : will be wiring fund on monday
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
My biggest issue was, it's so hard to get the right person on the phone.
So why do pre-orders? Why not start accepting payments when you have them ready to ship?
Update:
Good news everyone!
A senior analyst at paypal just called me. Had a good long talk with them. We discussed the reasons they're unhappy with our business and possible resolutions to the issues that would allow us to continue. I think we may have some agreeable terms that we can pursue. They're currently reviewing the decision to close the account and may reopen it and allow us to continue. They said they should have a decision for me on tuesday.
So, if we're not sold out by then! Paypal may again be possible.
Thank you to everyone for your understanding about the issues we've been having and for the support we've received. <3
That's awesome hopeful news, It hurts to sell crypto at these lowish prices and pay a capital gains, to pay for new hardware hence why I decided PayPal would be a better option. If bitcoin was 12k or above this would be a different story and I would be more willing to offload some crypto for new hardware to manage investment risk.
My payment already processed through my credit card thru paypal, But paypal is reviewing the seller allmines, so I hope they do not reverse the charge. I would like to lock in my spot.
I still don't understand what is the issue for Paypal... You are selling a legitimate product, your customer are purchasing it, it's legal...
What is their legal reasoning for refusing your business ?
PS : will be wiring fund on monday
What is their legal reasoning for refusing your business ?
PS : will be wiring fund on monday
Their biggest issue is that they're pre-orders and aren't shipping immediately. I completely understand where they're coming from. Don't you? But, It should be a simple matter to find a situation that works for them, works for us, and works for everyone else in the community.
My biggest issue was, it's so hard to get the right person on the phone.
Update:
Good news everyone!
A senior analyst at paypal just called me. Had a good long talk with them. We discussed the reasons they're unhappy with our business and possible resolutions to the issues that would allow us to continue. I think we may have some agreeable terms that we can pursue. They're currently reviewing the decision to close the account and may reopen it and allow us to continue. They said they should have a decision for me on tuesday.
So, if we're not sold out by then! Paypal may again be possible.
Thank you to everyone for your understanding about the issues we've been having and for the support we've received. <3
What is their legal reasoning for refusing your business ?
PS : will be wiring fund on monday
Update:
Good news everyone!
A senior analyst at paypal just called me. Had a good long talk with them. We discussed the reasons they're unhappy with our business and possible resolutions to the issues that would allow us to continue. I think we may have some agreeable terms that we can pursue. They're currently reviewing the decision to close the account and may reopen it and allow us to continue. They said they should have a decision for me on tuesday.
So, if we're not sold out by then! Paypal may again be possible.
Thank you to everyone for your understanding about the issues we've been having and for the support we've received. <3
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