Amazingly cheap FPGA miners on aliexpress - scam or not?

Gator-hex

hero member

Activity: 490

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Quote from: klondike_bar on March 09, 2014, 10:46:36 AM

Quote from: Gator-hex on March 09, 2014, 07:36:46 AM

Like others said too old/slow for Bitcoin mining now but you might be able to re-purpose them from something else, an alt SHA-256 coin perhaps, and technically FPGA's can be reprogrammed to do almost anything you want, unlike ASICs.

I doesn't seem like a scam, if you were going to scam someone you'd sell something worth $1000's. $16-$24 is probably not worth the risk/time of scammer.

an FPGA can already mine any SHA256 coin, lol Cheesy

I never said it couldn't, just their original purpose was to mine Bitcoin so you are still giving it a new purpose by mining an alt-coin. Tongue

"purpose" (noun) 1. the reason for which something is done or created or for which something exists.

klondike_bar

legendary

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ASIC Wannabe

Quote from: Gator-hex on March 09, 2014, 07:36:46 AM

Like others said too old/slow for Bitcoin mining now but you might be able to re-purpose them from something else, an alt SHA-256 coin perhaps, and technically FPGA's can be reprogrammed to do almost anything you want, unlike ASICs.

I doesn't seem like a scam, if you were going to scam someone you'd sell something worth $1000's. $16-$24 is probably not worth the risk/time of scammer.

an FPGA can already mine any SHA256 coin, lol Cheesy

Gator-hex

hero member

Activity: 490

Merit: 500

Like others said too old/slow for Bitcoin mining now but you might be able to re-purpose them from something else, an alt SHA-256 coin perhaps, and technically FPGA's can be reprogrammed to do almost anything you want, unlike ASICs.

I doesn't seem like a scam, if you were going to scam someone you'd sell something worth $1000's. $16-$24 is probably not worth the risk/time of scammer.

loszhor

sr. member

Activity: 369

Merit: 250

Aliexpress.com has poor costumers service and very little to no recourse to sellers if they rip you off, and if you search for reviews online you'll find that they will a lot. They have an Antminer S1 for $250 each and a 140 GH/s Miners for supposed $130 each. Obviously too good to be good to be true. Mostly the complaints have to deal with getting knock offs or getting the bait and switch and since it's international if you have to return something there's a good chance that the shipping price is going to be yours to take care of. It's ok to buy little things but bigger things or electronics and it's a crap shoot.

sgk

legendary

Activity: 1470

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!! HODL !!

With current difficulty and BTC price, you will receive $1 per month (Yes, ONE FULL DOLLAR!) at 400 Mhash/sec. This is not considering electricity cost.
Does the $24 offer look cheap now?

apollojmr

sr. member

Activity: 311

Merit: 250

The Power Of The Coin Is Awesome!!

Quote from: dropt on March 01, 2014, 07:24:39 PM

$24 for 400MH/s isn't amazingly cheap. That's $60 per GH.

+1

-ck

legendary

Activity: 4088

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Ruu \o/

FPGAs are totally meaningless with bitcoin mining even if given away for free. Other uses, sure, but not bitcoin mining.

dropt

legendary

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$24 for 400MH/s isn't amazingly cheap. That's $60 per GH.

CryptoCluster

member

Activity: 84

Merit: 10

Also there are pictures of several different devices. Different PCB, different cooling - it looks like pictures randomly downloaded from the net.

wunch

newbie

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Quote from: phm on March 01, 2014, 12:51:06 PM

Today I was looking for some cheap FPGA miners, and found the following on aliexpress:

http://www.aliexpress.com/item/1PCS-400MH-s-FPGA-Bitcoin-Miner-X-1Pcs-Ship-Now/1660670965.html
http://www.aliexpress.com/item/400MH-s-FPGA-Bitcoin-Miner-X-1Pcs-Ship-Now-By-DHL/1660168916.html

FPGA miner for $16 or $24? Is this for real? These offers look pretty scammy, they are copy-and-paste, pictures are the same everywhere, sellers without feedback. Did anyone buy these?

They have no feedback so i doubt it is legit. Even if it was with an antminer at 1.6 ghz you would need 4 of these to match it and i bet they probably pull a minimu of 10 watts each. Plue 4 x $16 = $64 so an antminer is cheaper, uses less power and takes up less room.

Now you could always try the scrypt code floating around on those but given it does 60khs on a 4 lx150 board you would not get much.

linenoise

sr. member

Activity: 309

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If it's aliexpress and you pay through the website, they have a complaint compartment so you can get your money back if something is a scam, not delivered, etc - supposedly. I've never had trouble from any aliexpress customer so not sure.

Alibabba where you deal directly with the manufacturer I have been scammed though.

phm

full member

Activity: 378

Merit: 110

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Today I was looking for some cheap FPGA miners, and found the following on aliexpress:

http://www.aliexpress.com/item/1PCS-400MH-s-FPGA-Bitcoin-Miner-X-1Pcs-Ship-Now/1660670965.html
http://www.aliexpress.com/item/400MH-s-FPGA-Bitcoin-Miner-X-1Pcs-Ship-Now-By-DHL/1660168916.html

FPGA miner for $16 or $24? Is this for real? These offers look pretty scammy, they are copy-and-paste, pictures are the same everywhere, sellers without feedback. Did anyone buy these?

Topic: Amazingly cheap FPGA miners on aliexpress - scam or not? (Read 1609 times)