Topic: B-Eleven sha-256 ASIC miner - page 7. (Read 14775 times)
Thanks for this. Interesting crowd sale for the B-Eleven, I may throw a few bitcoin in, already have an account at BW. Looks like there is a decent chance the hash could be sold at a profit once public trading begins January.
Strange, the CEO has just announced this miner as a miner for the public in an interview to bitcoin magazine. Its not there own miner thats for sure. He says that minimum order is 333 miners equal to 1PH.... for the public...
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
As I read the announcement, it was .87 BTC per miner. This is for a re-order, so take that for what it's worth. If they actually were to deliver 3TH for .87 BTC, that would be massive "shot across the bow" at Bitmain. The S7 is priced at well over 3x that. I didn't see any other details, but it would really upend S7 sales if true, and on time.
I think that will be 0.87 BTC/TH so for the 3TH Miner that is 2.61 BTC. That is also the Bulk price, individual prices will obviously be higher. However great that there might be another supplier to the Public.
Hope you are right, but it just sounds too good to be true......
Rich
Strange, the CEO has just announced this miner as a miner for the public in an interview to bitcoin magazine. Its not there own miner thats for sure. He says that minimum order is 333 miners equal to 1PH.... for the public...
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
As I read the announcement, it was .87 BTC per miner. This is for a re-order, so take that for what it's worth. If they actually were to deliver 3TH for .87 BTC, that would be massive "shot across the bow" at Bitmain. The S7 is priced at well over 3x that. I didn't see any other details, but it would really upend S7 sales if true, and on time.
If they release 48PH a month btc price has to go up. Since the halving wil take its share. So somehow they predict the price will rise to almost 600$ if I do the calculation right..
They want to add 48 Peta per month .... (in their private farm)
Strange, the CEO has just announced this miner as a miner for the public in an interview to bitcoin magazine. Its not there own miner thats for sure. He says that minimum order is 333 miners equal to 1PH.... for the public...
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
https://bitcoinmagazine.com/articles/bw-to-launch-nm-chip-and-miner-for-general-population-1445278227
On their website doesn't the price work out to about 18 cents per G not 50 cents per G?
Electricity fee：0.5 CNY
Is this USD or CNY? At usd that is lowest going still on a project like this. That peaks my interest a little bit.
If it truly is CNY that is like .01 USD... which would be amazing but sounds to good to be true. Please correct me if my math is off.
I read it as CNY which would equate to 8 Cents which is ok but not amazing?
I guess the idea of stage 3 is that you have got you investment back and that is when you make some money, but if the price was right to sell then that would be an option. I assume the Market will remain open throughout, you will of course be competing with other sellers so the price might be quite low?
I feel you are quite well protected and earning a good income during stage 1, stage 2 seems to have a money back guarantee, stage 3 is where you might make some money?
BW.com are probably ok, soI think as ever the big risk is what happens to BTC price during the contract?
I have made a small Investment to see what happens, they are paying the daily interest, you can also get interest on a BTC Deposit account there at 0.02% paid Daily which is nice.
If you decide to open an account please use this recommender’s link
https://23021.bw.com/
Rich
Electricity fee：0.5 CNY
Is this USD or CNY? At usd that is lowest going still on a project like this. That peaks my interest a little bit.
If it truly is CNY that is like .01 USD... which would be amazing but sounds to good to be true. Please correct me if my math is off.
I read it as CNY which would equate to 8 Cents which is ok but not amazing?
I guess the idea of stage 3 is that you have got you investment back and that is when you make some money, but if the price was right to sell then that would be an option. I assume the Market will remain open throughout, you will of course be competing with other sellers so the price might be quite low?
I feel you are quite well protected and earning a good income during stage 1, stage 2 seems to have a money back guarantee, stage 3 is where you might make some money?
BW.com are probably ok, soI think as ever the big risk is what happens to BTC price during the contract?
I have made a small Investment to see what happens, they are paying the daily interest, you can also get interest on a BTC Deposit account there at 0.02% paid Daily which is nice.
If you decide to open an account please use this recommender’s link
https://23021.bw.com/
Rich
all in all this sounds to me like a loan and maybe stage 2 as a pretty good cloud mining contract...i must be missing something or this is a very shitty deal 
It's a pre-order for Cloud Mining on the B-Eleven, priced at 0.76BTC/T, now 0.78BTC/T. During Phase 1 before the miner is available you get .000312BTC/THS daily interest, equates to about 14% / year.
Phase 2 is theoretically Jan 1st however I suspect it will be later, it then reverts to a typical Cloud Mining contract. Have not looked into if it is good or bad as these things go? You can however trade your Hash on their Market.
Here is the full description.
Beleven cloud hash project contract
Before investing in Beleven, please read the terms below carefully.
Beleven cloud hash project description
Beleven is the latest cloud hash project of BW.com, the daily interest is 0.000312BTC/THS/DAY on stage 1. The mode to earn interest will be changed into mining income on stage 2.
How to invest?
Investors can take part in Beleven by investing in the hash, the minimum is 0.01TH/s, 0.76BTC/T.
Power Consumption：260W/THS
Electricity fee：0.5 CNY
Including the maintenance fee:260W*24h*0.5CNY/KWh/1000=3.12CNY/Day
The contract will be officially valid once investing has successfully started.
Exclusive income
Stage 1 income:From the day you invest till stage 2, you will get 0.000312BTC/T/Day.
Stage 2 income:there is no any extra fee for the investors and customers get all the income from the PPS mode.
Stage 3 income:Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
From stage 2 to July 1st, 2016, we guarantee no extra fees including electricity fee before your investment becomes profitable, customers own all income of the investment. Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
Co-share income
During co-share income stage, investors receive 50% of income after paying maintenance fee 3.12CNY/THS/DAY, the rest of the income will be used to(including but not only) paying for fees from stage 1, machine maintenance, miners, mining farm maintenance, unexpected accidents and venture insurance. The agreement will be temporarily terminated if the fees exceed the average income for 10 days and it will be officially terminated if the fees exceed the average income for 30 days.
Cloud hash mining machine
The cloud hash mining machine is based on the 14nm chips technology, the power consumption, weight and bulk can be modified due to the actual circumstance, and it is unnecessary to inform the investors.
Risk warning
The changes of Bitcoin price and the mining difficulty is a risk for the project.
The risk from political changes
BW will strictly respect the laws and industrial rules while designing every product.
Risk for the delay of stage 2 and fail to be repaid 100% of the principal.
According to the original plan, the stage 2 is supposed to be on Jan 1st, however, there is uncertain factors that might cause a delay of the plan, BW will withdraw the investors the principal money or paid the same daily interest of stage 1 until stage 2 comes.
Fail to be repaid 100% of the principal
BW guarantee users to get a 100% principal money back before July 1st, 2016, but there might be a chance that investors will lose their money due to the uncertainty of difficulty, price, policy and other circumstances.
Rich
yup i saw that...now correct me if i am wrong....but why would you even consider to chase the stage 3? that is someting that has no sense...moving to stage 3 it would trigger less profit so the sell option is the logic one...whats the big ideea? Phase 2 is theoretically Jan 1st however I suspect it will be later, it then reverts to a typical Cloud Mining contract. Have not looked into if it is good or bad as these things go? You can however trade your Hash on their Market.
Here is the full description.
Beleven cloud hash project contract
Before investing in Beleven, please read the terms below carefully.
Beleven cloud hash project description
Beleven is the latest cloud hash project of BW.com, the daily interest is 0.000312BTC/THS/DAY on stage 1. The mode to earn interest will be changed into mining income on stage 2.
How to invest?
Investors can take part in Beleven by investing in the hash, the minimum is 0.01TH/s, 0.76BTC/T.
Power Consumption：260W/THS
Electricity fee：0.5 CNY
Including the maintenance fee:260W*24h*0.5CNY/KWh/1000=3.12CNY/Day
The contract will be officially valid once investing has successfully started.
Exclusive income
Stage 1 income:From the day you invest till stage 2, you will get 0.000312BTC/T/Day.
Stage 2 income:there is no any extra fee for the investors and customers get all the income from the PPS mode.
Stage 3 income:Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
From stage 2 to July 1st, 2016, we guarantee no extra fees including electricity fee before your investment becomes profitable, customers own all income of the investment. Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
Co-share income
During co-share income stage, investors receive 50% of income after paying maintenance fee 3.12CNY/THS/DAY, the rest of the income will be used to(including but not only) paying for fees from stage 1, machine maintenance, miners, mining farm maintenance, unexpected accidents and venture insurance. The agreement will be temporarily terminated if the fees exceed the average income for 10 days and it will be officially terminated if the fees exceed the average income for 30 days.
Cloud hash mining machine
The cloud hash mining machine is based on the 14nm chips technology, the power consumption, weight and bulk can be modified due to the actual circumstance, and it is unnecessary to inform the investors.
Risk warning
The changes of Bitcoin price and the mining difficulty is a risk for the project.
The risk from political changes
BW will strictly respect the laws and industrial rules while designing every product.
Risk for the delay of stage 2 and fail to be repaid 100% of the principal.
According to the original plan, the stage 2 is supposed to be on Jan 1st, however, there is uncertain factors that might cause a delay of the plan, BW will withdraw the investors the principal money or paid the same daily interest of stage 1 until stage 2 comes.
Fail to be repaid 100% of the principal
BW guarantee users to get a 100% principal money back before July 1st, 2016, but there might be a chance that investors will lose their money due to the uncertainty of difficulty, price, policy and other circumstances.
Rich
Electricity fee：0.5 CNY
Is this USD or CNY? At usd that is lowest going still on a project like this. That peaks my interest a little bit.
If it truly is CNY that is like .01 USD... which would be amazing but sounds to good to be true. Please correct me if my math is off.
It's a pre-order for Cloud Mining on the B-Eleven, priced at 0.76BTC/T, now 0.78BTC/T. During Phase 1 before the miner is available you get .000312BTC/THS daily interest, equates to about 14% / year.
Phase 2 is theoretically Jan 1st however I suspect it will be later, it then reverts to a typical Cloud Mining contract. Have not looked into if it is good or bad as these things go? You can however trade your Hash on their Market.
Here is the full description.
Beleven cloud hash project contract
Before investing in Beleven, please read the terms below carefully.
Beleven cloud hash project description
Beleven is the latest cloud hash project of BW.com, the daily interest is 0.000312BTC/THS/DAY on stage 1. The mode to earn interest will be changed into mining income on stage 2.
How to invest?
Investors can take part in Beleven by investing in the hash, the minimum is 0.01TH/s, 0.76BTC/T.
Power Consumption：260W/THS
Electricity fee：0.5 CNY
Including the maintenance fee:260W*24h*0.5CNY/KWh/1000=3.12CNY/Day
The contract will be officially valid once investing has successfully started.
Exclusive income
Stage 1 income:From the day you invest till stage 2, you will get 0.000312BTC/T/Day.
Stage 2 income:there is no any extra fee for the investors and customers get all the income from the PPS mode.
Stage 3 income:Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
From stage 2 to July 1st, 2016, we guarantee no extra fees including electricity fee before your investment becomes profitable, customers own all income of the investment. Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
Co-share income
During co-share income stage, investors receive 50% of income after paying maintenance fee 3.12CNY/THS/DAY, the rest of the income will be used to(including but not only) paying for fees from stage 1, machine maintenance, miners, mining farm maintenance, unexpected accidents and venture insurance. The agreement will be temporarily terminated if the fees exceed the average income for 10 days and it will be officially terminated if the fees exceed the average income for 30 days.
Cloud hash mining machine
The cloud hash mining machine is based on the 14nm chips technology, the power consumption, weight and bulk can be modified due to the actual circumstance, and it is unnecessary to inform the investors.
Risk warning
The changes of Bitcoin price and the mining difficulty is a risk for the project.
The risk from political changes
BW will strictly respect the laws and industrial rules while designing every product.
Risk for the delay of stage 2 and fail to be repaid 100% of the principal.
According to the original plan, the stage 2 is supposed to be on Jan 1st, however, there is uncertain factors that might cause a delay of the plan, BW will withdraw the investors the principal money or paid the same daily interest of stage 1 until stage 2 comes.
Fail to be repaid 100% of the principal
BW guarantee users to get a 100% principal money back before July 1st, 2016, but there might be a chance that investors will lose their money due to the uncertainty of difficulty, price, policy and other circumstances.
Rich
Phase 2 is theoretically Jan 1st however I suspect it will be later, it then reverts to a typical Cloud Mining contract. Have not looked into if it is good or bad as these things go? You can however trade your Hash on their Market.
Here is the full description.
Beleven cloud hash project contract
Before investing in Beleven, please read the terms below carefully.
Beleven cloud hash project description
Beleven is the latest cloud hash project of BW.com, the daily interest is 0.000312BTC/THS/DAY on stage 1. The mode to earn interest will be changed into mining income on stage 2.
How to invest?
Investors can take part in Beleven by investing in the hash, the minimum is 0.01TH/s, 0.76BTC/T.
Power Consumption：260W/THS
Electricity fee：0.5 CNY
Including the maintenance fee:260W*24h*0.5CNY/KWh/1000=3.12CNY/Day
The contract will be officially valid once investing has successfully started.
Exclusive income
Stage 1 income:From the day you invest till stage 2, you will get 0.000312BTC/T/Day.
Stage 2 income:there is no any extra fee for the investors and customers get all the income from the PPS mode.
Stage 3 income:Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
From stage 2 to July 1st, 2016, we guarantee no extra fees including electricity fee before your investment becomes profitable, customers own all income of the investment. Investors who start to be profitable will switch to co-share income stage in advance, for those who didn’t start to get how much they invest before July 1st, 2016, we will repay the rest and switch to co-share income stage.
Co-share income
During co-share income stage, investors receive 50% of income after paying maintenance fee 3.12CNY/THS/DAY, the rest of the income will be used to(including but not only) paying for fees from stage 1, machine maintenance, miners, mining farm maintenance, unexpected accidents and venture insurance. The agreement will be temporarily terminated if the fees exceed the average income for 10 days and it will be officially terminated if the fees exceed the average income for 30 days.
Cloud hash mining machine
The cloud hash mining machine is based on the 14nm chips technology, the power consumption, weight and bulk can be modified due to the actual circumstance, and it is unnecessary to inform the investors.
Risk warning
The changes of Bitcoin price and the mining difficulty is a risk for the project.
The risk from political changes
BW will strictly respect the laws and industrial rules while designing every product.
Risk for the delay of stage 2 and fail to be repaid 100% of the principal.
According to the original plan, the stage 2 is supposed to be on Jan 1st, however, there is uncertain factors that might cause a delay of the plan, BW will withdraw the investors the principal money or paid the same daily interest of stage 1 until stage 2 comes.
Fail to be repaid 100% of the principal
BW guarantee users to get a 100% principal money back before July 1st, 2016, but there might be a chance that investors will lose their money due to the uncertainty of difficulty, price, policy and other circumstances.
Rich
It does resemble the S7 quite a bit. "If they Rend-it don't Spend-it!"
Renderings do not get me excited at this point. At one point I thought it was a big deal, but so many scam miners have done renderings it lost it's power over me.
I want to see a working prototype or something more concrete before I trust someone on a miner. I think they don't have a prototype yet or they would have released a video or something. Instead we got a rendering.
BW is huge so it's not surprising they want to have a cloud mining setup. If they are asking for pre-payments that would be pretty crazy. Sadly I cannot read Chinese either (Someone needs to discover how to translate words in pictures I would love google translate if they did that).
BW is one of the biggest out there so if they are just buying a lot to get new miners, or doing cloud they chances will get a profit.
It does resemble the S7 quite a bit. "If they Rend-it don't Spend-it!"
Renderings do not get me excited at this point. At one point I thought it was a big deal, but so many scam miners have done renderings it lost it's power over me.
I want to see a working prototype or something more concrete before I trust someone on a miner. I think they don't have a prototype yet or they would have released a video or something. Instead we got a rendering.
It does resemble the S7 quite a bit. "If they Rend-it don't Spend-it!"
Renderings do not get me excited at this point. At one point I thought it was a big deal, but so many scam miners have done renderings it lost it's power over me.
I want to see a working prototype or something more concrete before I trust someone on a miner. I think they don't have a prototype yet or they would have released a video or something. Instead we got a rendering.
i also think that the price speculated is far out from true. 1 th is sold on bw with 0.78 btc so this should be the correct price if the logic stands. we will see. hope sooner than later 
It does resemble the S7 quite a bit. "If they Rend-it don't Spend-it!"
There was a comment about "December" early on in the info out of Lketc.
I suspect Innosilicon is still on track, but Bitmain decided to push the S7 out the door a couple months early (and before they were REALLY fully ready for it) to preempt the slew of 14/16nm gear, or to at least give themselves a chance to get a chunk of sales for the 28nm gear they were already heavily invested into before it became "obsolete" and nobody wanted it any more.
I suspect the SP50 announcement was more of the same.
I suspect Innosilicon is still on track, but Bitmain decided to push the S7 out the door a couple months early (and before they were REALLY fully ready for it) to preempt the slew of 14/16nm gear, or to at least give themselves a chance to get a chunk of sales for the 28nm gear they were already heavily invested into before it became "obsolete" and nobody wanted it any more.
I suspect the SP50 announcement was more of the same.
It would appear that the chips (probably Innosilicon A3) used in it are not "full custom" 14/16nm, but rather are "standard cell" type which is a lot faster and more reliable to design at the cost of lower performance/efficiency.
100% SCAM....after KnC, Butterfly labs and etc. who the fuck will purchase a miner (rendered wtf) from chinese site
Lketc is part-owner of bw.com - doubtfull this is a scam with the track record Lketc has.
The one quote I've seen so far on price was "0.76 BTC per TH" - nowhere near the $500/TH that the OP mentions.
At $500/TH this would not be a competative design at all, with ZERO chance of achieving RoI even on very cheap electric.
Quote
100% SCAM....after KnC, Butterfly labs and etc. who the fuck will purchase a miner (rendered wtf) from chinese site
Lketc is part-owner of bw.com - doubtfull this is a scam with the track record Lketc has.
The one quote I've seen so far on price was "0.76 BTC per TH" - nowhere near the $500/TH that the OP mentions.
At $500/TH this would not be a competative design at all, with ZERO chance of achieving RoI even on very cheap electric.
I have seen 0.76 BTC/T but only in relation to their B-Eleven Hash Investment program.
https://www.bw.com/beleven
Have not seen anything in relation to a Miner purchase and would be very surprised if any prices had bee released yet?
51ASIC from the OP's post just seems to have a speculative (Scam?) announcement.
Very soon !
NEWEST Miner B-ELEVEN
Heshreyt : 3TH / s, 5TH / s, 10TH / s
Power consumption : 260W / TH
Process technology : 14nm
Price: 500 USD for the TH / s
Rich
We have not even seen prototypes yet so I don't think they have chips yet. I feel it's to early to know a lot.
I feel Innosilicon either is behind schedule they originally had. Or bitmain and SP keepng 28 nm surprised them. I feel like Innosilicon is losing sells right now by not having chips. And LKETC and BW, etc. All not getting sells they would have got if Innosilicon would have perfected 28 nm like others do.
Their big hope is that get ahead of the 28nm chip's and they take time to catch up. But with amount of money SP and bitmain have I don't see them falling far behind.
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