Lowered the price to .42 BTC/THS but do we have any update on status of the miners? I wish they had a thread to discuss with someone from their team to make a decision on more hash, or not.
Edit: I went ahead and sent them an email to see if they are willing to give a status on anything.
Topic: BW.com B12 Hash Investment - page 4. (Read 7715 times)
B12 Price drop to .45 BTC/THS and just a little over 2 weeks away from preorder stage ending. I already got a good bit, but wondering if I feel like adding some B12 investment. It really comes down to how fast they can pay back the principal in stage 2 before receiving the split income with BW in stage 3.
Pay back seems very highly likely, but profit is another big question by the time we are splitting profits.
Pay back seems very highly likely, but profit is another big question by the time we are splitting profits.
I had held off buying more B12, waiting for the price to go down, until a couple of days ago when I decided it was not going to happen....
I feel "safe" with the investment and my concern was when will they get them online? That is now compounded by 0.26J/GH not looking as good as it was a Month ago. However I think the biggest risk is a big pull back in the exchange rate?
However despite all that still feeling fairly happy as a home for my mined BTC and expect to continue buying.
Will also be very interesting to see how they price the B-Eleven when it goes up for sale?
Rich
B12 Price drop to .45 BTC/THS and just a little over 2 weeks away from preorder stage ending. I already got a good bit, but wondering if I feel like adding some B12 investment. It really comes down to how fast they can pay back the principal in stage 2 before receiving the split income with BW in stage 3.
Pay back seems very highly likely, but profit is another big question by the time we are splitting profits.
Pay back seems very highly likely, but profit is another big question by the time we are splitting profits.
Yes you get interest on anything in your Deposit Account (0.02% / Day) and with B12 Hash Investment prior to the Mining Phase (0.00022BTC/T/Day, was 0.000312BTC/THS/DAY on B11 ) both are paid Daily, about Midnight China Time.
Rich
Rich
When does the Pre-order Stage interest show up in the wallet? I know it says 0.00022BTC/THS/DAY, but does it actually get paid daily at the same time of purchase, or is it slightly random?
So B12 now about 50% sold, they play with the price dependant on how BTC is doing. Started at 0.5BTC/TH, has been as high as 0.65BTC and at the moment is 0.52BTC. Still no news on how the B-Eleven development is going? Just read this interesting comment from Sean Walsh, Founder of BlockC in BitcoinMagazine.
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
You seem pretty familiar with BW.com, have you purchased any of the B12? Quote
“What I can tell you is that Avalon was offered the 14nm Samsung chip many months ago, and they declined,” explained Sean Walsh, Founder of BlockC, in an interview with Bitcoin Magazine . “The 14nm process node is very new, very slow to design/produce, very difficult, very expensive and doesn't currently yield efficiency gains that even come close to compensating for all this. Avalon will produce at smaller process nodes, but only once it actually makes financial sense to do so.”
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
I have just found out about their offerings today, and looking to get in on some TH with the .5 BTC/TH price along with their method for pay back. How has their market, and customer support been for you so far?
Yes for a while now I have been mining at BW.com and investing the proceeds in B11 and now that is closed B12. Purchase price goes up and down dependant on the exchange rate, however I think that 0.5BTC will be the best we will see.
Market is thin and so you need to watch the price when they open it for B12. Getting account setup and mining was difficult as initially there was no English translation, it has since improved still not that good. Support is a bit slow and they do not always fully understand English, but I have got by.
Rich
So B12 now about 50% sold, they play with the price dependant on how BTC is doing. Started at 0.5BTC/TH, has been as high as 0.65BTC and at the moment is 0.52BTC. Still no news on how the B-Eleven development is going? Just read this interesting comment from Sean Walsh, Founder of BlockC in BitcoinMagazine.
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
You seem pretty familiar with BW.com, have you purchased any of the B12? Quote
“What I can tell you is that Avalon was offered the 14nm Samsung chip many months ago, and they declined,” explained Sean Walsh, Founder of BlockC, in an interview with Bitcoin Magazine . “The 14nm process node is very new, very slow to design/produce, very difficult, very expensive and doesn't currently yield efficiency gains that even come close to compensating for all this. Avalon will produce at smaller process nodes, but only once it actually makes financial sense to do so.”
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
I have just found out about their offerings today, and looking to get in on some TH with the .5 BTC/TH price along with their method for pay back. How has their market, and customer support been for you so far?
Lketc / Innosilicon won't be the first to 14/16nm - KnC announced tapeout of their 16nm Solar chip a long time ago, and announced production of it a month or two back (though yeilds must be very low or they're having major design issues AGAIN given their hashrate shows no sign of major increases lately), and Bitfury also announced tapeout of their 14nm design a while back (I'm inclined to trust Bitfury announcements more, even though getting hard info about them is a pain in recent years given their long-time focus on large accounts only).
Full custom 14/16nm design will be needed to get significant efficiency gains over the best of the current 28nm ASIC though - which is why BitMain and Avalon are likely to be late to the game, they want to maximise the return on their current gen chips.
Full custom 14/16nm design will be needed to get significant efficiency gains over the best of the current 28nm ASIC though - which is why BitMain and Avalon are likely to be late to the game, they want to maximise the return on their current gen chips.
So B12 now about 50% sold, they play with the price dependant on how BTC is doing. Started at 0.5BTC/TH, has been as high as 0.65BTC and at the moment is 0.52BTC. Still no news on how the B-Eleven development is going? Just read this interesting comment from Sean Walsh, Founder of BlockC in BitcoinMagazine.
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
Quote
“What I can tell you is that Avalon was offered the 14nm Samsung chip many months ago, and they declined,” explained Sean Walsh, Founder of BlockC, in an interview with Bitcoin Magazine . “The 14nm process node is very new, very slow to design/produce, very difficult, very expensive and doesn't currently yield efficiency gains that even come close to compensating for all this. Avalon will produce at smaller process nodes, but only once it actually makes financial sense to do so.”
With Bitmain & Avalon sticking with 28nm it makes you wonder how LECT /BW.com are getting on with the 14nm Samsung chip?
Rich
hows the security here
hows the liquidity in the market
hows the customer service here
be very nice to have another place other than hashnest.
hows the liquidity in the market
hows the customer service here
be very nice to have another place other than hashnest.
The V3 PACMIC investment was competative with the B-Eleven one, from what I can tell of the latter.
The V4 PACMIC investment is a sad pathetic joke and I don't understand why anyone is putting their bitcoin into it.
The V4 PACMIC investment is a sad pathetic joke and I don't understand why anyone is putting their bitcoin into it.
I have some B-Eleven so I can report progress, but am not a fan of the revenue sharing arrangement BW set up. I prefer Bitmain's approach. At least when mining begins you will be able to buy and sell B-Eleven hash on the BW exchange.
You have been able to Buy and Sell B11 for quite some time now. I think a few people will have made some money doing that during the bubble last Week. BW.com got in a bit of a mess attempting to track the Exchange Rate with the Hash they were selling? I think that is why we now have B12 which is not trade-able at the moment, so people are buying into that rather than trading.
After the dust settles it will be interesting to compare a Bitmain Hash Investment with BW.com. I agree on the revenue share, but I like the interest while waiting and the ability to trade. As to making money we will see?
Rich
I have some B-Eleven so I can report progress, but am not a fan of the revenue sharing arrangement BW set up. I prefer Bitmain's approach. At least when mining begins you will be able to buy and sell B-Eleven hash on the BW exchange.
It has not changed and it's a month away.... so I would brace for possibility of being late. Although all the hash sales should have provided a huge infusion of cash if that is what they needed to get it finished.
I just don't like being this close and not seeing a prototype or some review. I like seeing something besides renderings when it gets close.
Well actually it's more like 6 Weeks. Trouble is we have no History to base things on. Their high profile backing has given them the credibility to pre-sell the hash, in fact most of the B-Eleven sales took place even before the rendering was put up. B12 is going well in 1/2 Day it's 1/3 sold. That's 1.6PH sold at 0.5BTC/TH = 800BTC
I have been mining at BW.com and buying B-Eleven hash with the procedes. Time will tell if that was a good move.
Rich
Weren't they talking about "by December" or "by end of December" for when they planned on the miners being available / hashing starting?
Yes that is correct, here is the official line, which has not changed.
Quote
According to the arrangement of our work, Jan 1st is our planned date, however, due to a unforeseen issues final production of the chips and machines could be delayed. In this case BW would return the principal money to the investors, if the investors agree to wait for stage 2, it will be counted as stage 1, the delay of the stage 2 won’t change the profit date.
They however provide no updates on progress, and we have still only seen the original renderings with accompanying outline very incomplete spec.
Rich
It has not changed and it's a month away.... so I would brace for possibility of being late. Although all the hash sales should have provided a huge infusion of cash if that is what they needed to get it finished.
I just don't like being this close and not seeing a prototype or some review. I like seeing something besides renderings when it gets close.
Weren't they talking about "by December" or "by end of December" for when they planned on the miners being available / hashing starting?
Yes that is correct, here is the official line, which has not changed.
Quote
According to the arrangement of our work, Jan 1st is our planned date, however, due to a unforeseen issues final production of the chips and machines could be delayed. In this case BW would return the principal money to the investors, if the investors agree to wait for stage 2, it will be counted as stage 1, the delay of the stage 2 won’t change the profit date.
They however provide no updates on progress, and we have still only seen the original renderings with accompanying outline very incomplete spec.
Rich
Weren't they talking about "by December" or "by end of December" for when they planned on the miners being available / hashing starting?
Anyone know why they havent translated their site to english? 
They have historically been slow and poor at the translation side of things. Made it a nightmare to get mining in their Pool. If you go to the B11 that is more fully translated. I guess they will do B12 at some point. Also a new selection has just appeared under Mining Pool for Equipment Management, again not translated yet.
Rich
Anyone know why they havent translated their site to english?
Looks like BW.com is not putting any more Hash for sale on the 10PH B-Eleven and is in countdown to open B-12 with a further 5PH at 0.5BTC/TH
https://www.bw.com/twelve
However no further updates on the progress on the B-Eleven Miner?
Rich
https://www.bw.com/twelve
However no further updates on the progress on the B-Eleven Miner?
Rich
Interesting I imagine they are focusing on these cloud hashing for the forseeable future. When they can sell PH's of gear and deliver to them self that is about as good of a sale as it gets.
I Imagine B-Eveven miner sales will be secondary to them when they are selling so much cloud mining. So good for cloud miners not so good for home/hobby miners is how I see it.
I am still hoping that they will take the Home Market / Individual Sales seriously and that it will provide an alternative / some competition to Bitmain. There is an Interview with a video on their Home page which I had terrible trouble getting to run, and after all the trouble revealed nothing more. Just a tiny bit of History on BW, then a guy in a lab with the rendered picture on a PC and another guy in anothe lab just repeating the data. However not a hint of a real product.
I still think it will be real, however if this was any lesser Company be would be writing it all off as a scam....
Samsung who are doing the 14nm chips should be capable, and LECT have the design experience so I am sure they will get there, just uncertain at the moment how things are going?
Rich
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