Yes I am still very confused. Yes Difficulty increase may be greater than expected / planned, however as you say halving is about on schedule. However what confuses me the most is that the Bitcoin price increase is probably Higher than expected, but whereas I would regard that as a positive they are regarding it as negative?
Rich
Topic: BW.com B12 Hash Investment (Read 7715 times)
hi i think the bitcoinclock has not changed the date for halfing since oktober last year, so it is no suprise where the difficulty is today. so Why should this be suprise for bw.com 
i do not understand why bw.com is cutting payout now, it is about 3/4 of last week payout ? please inform if bw will pay without power cost and without splitting until principal is paied ? other than that i feel like dumped
i do not understand why bw.com is cutting payout now, it is about 3/4 of last week payout ? please inform if bw will pay without power cost and without splitting until principal is paied ? other than that i feel like dumped
Just received the email as well. So yes the Bitcoin price has risen quite a lot lately which helps the longevity somewhat but the impact on mining income from the big jumps in mining difficulty extended the payback time far more then I think BW anticipated. Now the halving is in just over a week and that mining income is cut in half again.
Edit: Not sure I understand
Looks like we have to accept the terms since there is no way to sell the hash on the market anyway now.
Edit: Not sure I understand
Quote
2. The un-returned principal will be converted into financial management project with annualized 10% rate and divided in 6 parts to pay off.
Looks like we have to accept the terms since there is no way to sell the hash on the market anyway now.
Just received this from BW
Now I have not checked the 4 x on Difficulty, but understand it's impact. What I do not understand is why 3 x on price growth is viewed as negative and has resulted in mining income being reduced to 4 x 3 = 1/12?
Surely the 3 x on Price should offset some of the 4 x on Difficulty? What am I missing here?
Rich
Quote
First we would like to show our sincere thanks to your trusting and supporting BW.
We launched B11,B12 cloud hash investment projects in 2015. Because of the underestimation of the mining difficulty growth:the mining difficulty has increased four times, and the Bitcoin pirce growth:the Bitcoin price has increased three times, the mining income has plummet to 1/12, which leads to the low-profit era of mining.
The uncontrolled jump of the difficulty and price has caused great influence on our clause to enure the principal return. Under current condition, we try our best to get all our customers’ principal invested in B11 and B12 project returned.
1. We ensure that we will get all investors’ principal returned
2. The un-returned principal will be converted into financial management project with annualized 10% rate and divided in 6 parts to pay off.
3. Customers’ mining income will increase by 10%, thus the customer enjoys 60% of the income
We are very sorry that we must divid your principal into 6 parts to pay off, hoping you make allowance for our situation. If our subsequent runing situation become better,we will pay your principal off in advance.
We launched B11,B12 cloud hash investment projects in 2015. Because of the underestimation of the mining difficulty growth:the mining difficulty has increased four times, and the Bitcoin pirce growth:the Bitcoin price has increased three times, the mining income has plummet to 1/12, which leads to the low-profit era of mining.
The uncontrolled jump of the difficulty and price has caused great influence on our clause to enure the principal return. Under current condition, we try our best to get all our customers’ principal invested in B11 and B12 project returned.
1. We ensure that we will get all investors’ principal returned
2. The un-returned principal will be converted into financial management project with annualized 10% rate and divided in 6 parts to pay off.
3. Customers’ mining income will increase by 10%, thus the customer enjoys 60% of the income
We are very sorry that we must divid your principal into 6 parts to pay off, hoping you make allowance for our situation. If our subsequent runing situation become better,we will pay your principal off in advance.
Now I have not checked the 4 x on Difficulty, but understand it's impact. What I do not understand is why 3 x on price growth is viewed as negative and has resulted in mining income being reduced to 4 x 3 = 1/12?
Surely the 3 x on Price should offset some of the 4 x on Difficulty? What am I missing here?
Rich
So it looks like everything other than B16 is untradeable. Was there ever an announcement? I still see the daily mining revenue accruing but is this their plan to pay back remaining principal then split income 50/50 as stated in the FAQs?
Hey Everyone,
BW is very interested to know the opinions and suggestions of our valued customers. We have created a simple survey for you to complete about the user experience of the site, and if you complete this survey completely and with relevant information BW will compensate you for your insight with between 0.01 to 0.05 BTC depending on the quality of the content. We hope to hear from our long time users and new users as well. BW is committed to providing the mining community and new comers the best experience when it comes to this fascinating and vital part of the Bitcoin ecosystem. Please PM to receive the survey and details. We look forward to hearing from everyone.BTC
BW is very interested to know the opinions and suggestions of our valued customers. We have created a simple survey for you to complete about the user experience of the site, and if you complete this survey completely and with relevant information BW will compensate you for your insight with between 0.01 to 0.05 BTC depending on the quality of the content. We hope to hear from our long time users and new users as well. BW is committed to providing the mining community and new comers the best experience when it comes to this fascinating and vital part of the Bitcoin ecosystem. Please PM to receive the survey and details. We look forward to hearing from everyone.BTC
Hello Rich,
Will do. Yes are currently selling chips to individuals and third party integrators with a minimum order of 1 petahash. If anyone is interested in details please email me at [email protected].
Regards,
Virgilio
Will do. Yes are currently selling chips to individuals and third party integrators with a minimum order of 1 petahash. If anyone is interested in details please email me at [email protected].
Regards,
Virgilio
Hey Rich,
Your assumption is correct, the newer 1402 versions do use string designs. And the 1401 version uses buck converters.
Your assumption is correct, the newer 1402 versions do use string designs. And the 1401 version uses buck converters.
Thanks for the confirmation, please keep us updated on progress on the new Miner, hash rate and efficiency numbers are very useful and pictures are always good to see.
Please also keep us updated on plans and prices for sales of Miners to individuals which would be well received in the community.Do you have any plans to sell chips to third party integrators or individuals?
Many Thanks
Rich
Hey Rich,
Your assumption is correct, the newer 1402 versions do use string designs. And the 1401 version uses buck converters.
Hello Fireant,
Could you provide a screen shot of your problem to better assist you?
Your assumption is correct, the newer 1402 versions do use string designs. And the 1401 version uses buck converters.
Hello Fireant,
Could you provide a screen shot of your problem to better assist you?
Hey anyone know how to access the secondary market ?
I put my b12 hash up for sale now I can't see the market anymore ?
Only sold a bit of it so need to change the price.
Can't see the market anymore ?
Confusing site,
Probably under some tab I can't remember how to get to.
I put my b12 hash up for sale now I can't see the market anymore ?
Only sold a bit of it so need to change the price.
Can't see the market anymore ?
Confusing site,
Probably under some tab I can't remember how to get to.
On further examination whereas the second picture (Blurry populated board) is a Buck Converter based design with 4 chips / Buck, the first picture (Clearer and unpopulated) looks to be a string design with 3 chips per node.
So am no closer to an answer on the B11 design except a pure guess that B11 / B12 / B16 / BW-LK1401 are shown in the second picture and use a Conventional Buck Converter and that the forthcoming, more efficient, BW-LK1402 Miner is a string design
Rich
So am no closer to an answer on the B11 design except a pure guess that B11 / B12 / B16 / BW-LK1401 are shown in the second picture and use a Conventional Buck Converter and that the forthcoming, more efficient, BW-LK1402 Miner is a string design
Rich
Ah, ok got it! I will work on that next question for you, but everyones gone home Ill get on it Monday.
My comment is based on the second picture which clearly shows the Buck Converters with the Big Inductors. However the first picture with the unpopulated Board appears to be for a different Miner as the ASIC's are in groups of 3 rather than 4?
Thanks for your inputs, always interesting and instructive to have more details on the Circuitry.
Have a good Weekend.
Rich
Ah, ok got it! I will work on that next question for you, but everyones gone home Ill get on it Monday.
Hey Rich,
I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
Hi
Thanks for the picture, yes it confirms that the B11 uses Buck Converters to reduce the 12V to the lower ASIC voltage. You can see that there is One Buck Converter for each group of four ASIC's.
A supplementary
question would be. As you are using Buck Converters are they operating at a fixed voltage or is the Voltage adjustable to enable the operating point of the ASIC's to be optimised between Maximum Hash Rate or Best Efficiency?Rich
No problem. Can you explain what you guys were looking for?
For me it's technical interest and helps to plan my next investments as miner. Afaik RichBC is also owner of a couple of your devices. Of course a populated board would have helped more ;-)EDIT: Just discovered the second picture with the populated board. A little blurry but thanks a lot!
No problem. Can you explain what you guys were looking for?
Hey Rich,
I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
I think you got it right, thanks for the pics! I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
Hey Rich,
I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
I am having trouble translating this question. Here are some pics, see if they help.
http://imgur.com/a/T6tPS
Hey,
Sorry, I didnt write that clearly.
The second version is expeted to be 0.149GH at 195W.
The current miners are technically running better than S7's at around 220-230W.
In order for me to get the answer to the Buck Converter question, I'd have to figure out how to translate it into Chinese, Ill see what I can do.
Yes, we will get that info updated on the website asap.
Sorry, I didnt write that clearly.
The second version is expeted to be 0.149GH at 195W.
The current miners are technically running better than S7's at around 220-230W.
In order for me to get the answer to the Buck Converter question, I'd have to figure out how to translate it into Chinese, Ill see what I can do.
Yes, we will get that info updated on the website asap.
OK understood. Pictures inside the Miner of the Hash Boards would be nice if you have them?
Rich
Hey,
Sorry, I didnt write that clearly.
The second version is expeted to be 0.149GH at 195W.
The current miners are technically running better than S7's at around 220-230W.
In order for me to get the answer to the Buck Converter question, I'd have to figure out how to translate it into Chinese, Ill see what I can do.
Yes, we will get that info updated on the website asap.
Sorry, I didnt write that clearly.
The second version is expeted to be 0.149GH at 195W.
The current miners are technically running better than S7's at around 220-230W.
In order for me to get the answer to the Buck Converter question, I'd have to figure out how to translate it into Chinese, Ill see what I can do.
Yes, we will get that info updated on the website asap.
Hey Rich,
B11, B12 and B16 are all currently running on the BW-LK1401 Chip. We are currently preparing the BW-LK1402 chip for the public release. I am not sure what "Buck converter and string design" mean if you give me more details Ill ask tomorrow.
Our expected specs for the next version of miners are:
0.149GH at 195W, the current miners are technically running better than S7's at around 220-230W. We want to get the public release miners at optimal design and performance before releasing them.
Here some pics:
http://imgur.com/a/KGzde
As for the public release, the miners will be available on our website in June 2016 to everyone in the world with a 100 day guarantee of performance.
B11, B12 and B16 are all currently running on the BW-LK1401 Chip. We are currently preparing the BW-LK1402 chip for the public release. I am not sure what "Buck converter and string design" mean if you give me more details Ill ask tomorrow.
Our expected specs for the next version of miners are:
0.149GH at 195W, the current miners are technically running better than S7's at around 220-230W. We want to get the public release miners at optimal design and performance before releasing them.
Here some pics:
http://imgur.com/a/KGzde
As for the public release, the miners will be available on our website in June 2016 to everyone in the world with a 100 day guarantee of performance.
Thanks for the additional information and pictures. So all of the current Miners are 0.149GH & 195W and based on the BW-LK1401. I had based my assumptions on the previously published spec for BI1 currently on the Website as being 260W/TH which is wrong. This is good news as we can now expect a further improvement in efficiency for a BW-LK1402 based Miner. Do you have an efficiency figure for a Miner based on the BW-LK1402 Chip yet?
There have been some pictures of Hash boards in B11 on the Web that show a Buck Converter based design where the 12V is reduced to the voltage needed by the chip by the Buck Converter chip.
A number of your competitors, Bitmain Avalon and Bitfury use a string design which does away with the Buck converter and put the ASIC's in a string and reduce the voltage in that way. It is more efficient and I wondered which approach you have taken?
Rich
Hey Rich,
B11, B12 and B16 are all currently running on the BW-LK1401 Chip. We are currently preparing the BW-LK1402 chip for the public release. I am not sure what "Buck converter and string design" mean if you give me more details Ill ask tomorrow.
Our expected specs for the next version of miners are: 0.149GH at 195W
The current miners are technically running better than S7's at around 220-230W. We want to get the public release miners at optimal design and performance before releasing them.
Here some pics:
http://imgur.com/a/KGzde
As for the public release, the miners will be available on our website in June 2016 to everyone in the world with a 100 day guarantee of performance.
B11, B12 and B16 are all currently running on the BW-LK1401 Chip. We are currently preparing the BW-LK1402 chip for the public release. I am not sure what "Buck converter and string design" mean if you give me more details Ill ask tomorrow.
Our expected specs for the next version of miners are: 0.149GH at 195W
The current miners are technically running better than S7's at around 220-230W. We want to get the public release miners at optimal design and performance before releasing them.
Here some pics:
http://imgur.com/a/KGzde
As for the public release, the miners will be available on our website in June 2016 to everyone in the world with a 100 day guarantee of performance.
My name is Virgilio, Head of International at Bitbank the parent company of BW. Heres an article by Bitcoin magazine where I introduced BW recently.
https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
Correct RichBC, please ask away and you can be the judge.
https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
Correct RichBC, please ask away and you can be the judge.
Hi Virgilio
Good to see you here. One thing that would be interesting is more information on the Miners that are used for B11,12 & 16. I assume that B11 & B12 are based on the BW-LK1401 Chip and B16 on the revised and more efficient BW-LK1402. Is this correct and are all of the miners using Buck Converters or are any of them a string design?
Anything you are able to share on the overall design, efficiency and Power consumption etc would be of great interest to people on Bitcointalk. What would also be very good to know is your plans for sales of Miners to individuals?
Many Thanks
Rich
Glad to bere here, thanks.
My name is Virgilio, Head of International at Bitbank the parent company of BW. Heres an article by Bitcoin magazine where I introduced BW recently.
https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
Welcome Virgilio Lizardo Jr.,https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
nice to have you on board. I guess almost everybody here is aware of that article ;-)
Best wishes!
My name is Virgilio, Head of International at Bitbank the parent company of BW. Heres an article by Bitcoin magazine where I introduced BW recently.
https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
Correct RichBC, please ask away and you can be the judge.
https://bitcoinmagazine.com/articles/the-unknown-giant-a-first-look-inside-bw-one-of-china-s-oldest-and-largest-miners-1444675310
Correct RichBC, please ask away and you can be the judge.
On current difficulty
B11 & B12 are .0002968/TH Daily
B16 .002302/TH Daily
B11 & B12 also paid Daily interest (0.02%/Day) from point of investment until they started Mining and have a guarantee of returning the original principal.
Rich
B11 & B12 are .0002968/TH Daily
B16 .002302/TH Daily
B11 & B12 also paid Daily interest (0.02%/Day) from point of investment until they started Mining and have a guarantee of returning the original principal.
Rich
If its 0.0032 BTC daily rate for 1THS its very good in my opinion especially when it comes from BW a legit mining site which I have known lately. Other legit cloudmine gives you 0.002 BTC or a bit more for 1THS so well done to them if they will pay like that. Difficulty increase is the only problem I guess, I would be very happy with 0.0032 BTC for 1 THS especially when they have put down the price to 0.42 BTC for 1 THS.
Hey everyone,
This account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
How can we trust this is an official BW account? Thank youThis account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
I would sugest to just ask any questions you have. Very easy then to judge if they are official. Although if you think about it why would they be anything other than genuine?
Rich
Hey everyone,
This account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
How can we trust this is an official BW account? Thank you This account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
Hey everyone,
This account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
This account will now be responsible for responding to the community about BW and its products. We just found this thread and apologize for not being more involved earlier. Thanks alot to RichBC for communicating our products and performance to everyone. I hope the English is better on the site for everyone as we've been working hard to get that in order. Any questions or concerns please reach out at any time and thanks to everyone for your interest in BW
I guess i will continue to hold for a while and sell a while before the halving, when everybody is in FOMO mode.
My current numbers in case anybody is interested in B12 numbers:
It will not pay back without selling the Hashing power (expected) before the halving. Numbers are still better than i initially assumed.
Code:
B12 hashes bought: 10.2 T
Total interest earned B12: 0.2 BTC
Now earning: 0.225 BTC / week
Now earning: 0.03 BTC / day
Current Market price: 0.55 / T (=> 5.60 BTC)
Mining income (until halving) 3.99 BTC
It will not pay back without selling the Hashing power (expected) before the halving. Numbers are still better than i initially assumed.
Interesting numbers. I must sit down and do them myself, also for B11 which I think will be slightly better? What is you current thinking on when to sell?
Rich
My current numbers in case anybody is interested in B12 numbers:
It will not pay back without selling the Hashing power (expected) before the halving. Numbers are still better than i initially assumed.
Code:
B12 hashes bought: 10.2 T
Total interest earned B12: 0.2 BTC
Now earning: 0.225 BTC / week
Now earning: 0.03 BTC / day
Current Market price: 0.55 / T (=> 5.60 BTC)
Mining income (until halving) 3.99 BTC
It will not pay back without selling the Hashing power (expected) before the halving. Numbers are still better than i initially assumed.
Just for the record BW has sold over 18 Ph/s worth of B16 so far. Looks like they are almost at their 20 Ph/s mark for sales.
Yes there seems to be no end to the demand. I did the maths on B16 and did not like it much, but have bought 1TH just to see how it goes and compares to B11 & B12.
Rich
Just for the record BW has sold over 18 Ph/s worth of B16 so far. Looks like they are almost at their 20 Ph/s mark for sales.
It isn't looking very good to get paid back before the halving. Even without taking difficulty increases into consideration it would take 165 days. Guess we'll see what happens and how they plan to return principal if it takes that long.
Yes I had guessed as much, let's hope the guarantee of return holds good? Could be that any profit will be down to Bitcoin price increase rather than Mining income?
Rich
Just wanted to follow up and see how the payments for B11 are made. Is it daily mining income or do they just log it daily and pay it once a week?
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
I have had my first payment for B11 Phase 2. They pay once a Week on a Monday the addition of the previous 7 Days income. The income for each of the Days is not shown until the end of the Week. I guess this is to allow for difficulty changes?
On B11 Daily rate at the moment is BTC0.003029
I have not yet sat down and done the maths on how long, allowing for difficulty increases, it is going to take to get the investment back?
Rich
Just wanted to follow up and see how the payments for B11 are made. Is it daily mining income or do they just log it daily and pay it once a week?
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
I have had my first payment for B11 Phase 2. They pay once a Week on a Monday the addition of the previous 7 Days income. The income for each of the Days is not shown until the end of the Week. I guess this is to allow for difficulty changes?
On B11 Daily rate at the moment is BTC0.003029
I have not yet sat down and done the maths on how long, allowing for difficulty increases, it is going to take to get the investment back?
Rich
Just wanted to follow up and see how the payments for B11 are made. Is it daily mining income or do they just log it daily and pay it once a week?
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
My B12 just activated yesterday March 01, 2016. I thought I saw it mentioned first payment would be March 07, 2016 so I can assume it is paid out weekly. Thanks.
Just discovered the announcement. Great news, just a little too late for my taste ;-)
BW now have a translation of the Settlement Announcement on the website.
So confirmation that they are on track to start payments to the early B11 investors after CNY. My B11 are from the second phase so payments start Feb 21, will be interesting to see exactly what the payments are.
However as these dates are close I think this confirms that the big ramp in BW hash over the last Month has been B11 miners coming on line. I wonder when we will see propper pictures and specs and when they will start sales of miners?
Rich
Quote
Announcement for the settlement of BW cloud hash power
2016-02-05 10:01:00
Dear all:
The settlement day for our first group of hash investors will be on Feb. 11th , 2016.
For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th , 2015, if they haven’t sold their hash in the hash market after Jan.31th, 2016, they will begin to receive income from Feb.11th, 2016.
For B11 investors who invested after Aug. 27th, 2015, they will begin to receive income from Feb. 21th, 2016.
For B12 investors, they will begin to receive income from Mar.1th, 2016.
Because the settlement day for the first batch will arrive during Chinese new year, the detailed information of income distribution is as follows:
1.For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th, if they haven’t sold their cloud hash in the hash market after Jan.31th, 2016, they will begin to receive income from Feb.11th, 2016, which is based on the purchase records on our website, https://www.bw.com/beleven
2.The income distributed during the period from Aug. 20th ,2015 to Aug. 27th is computed based on the minimum hash power of the three, the first batch of the cloud hash purchased by users, the cloud hash holded by users at 00:00 Jan.31th, 2016 and the cloud hash holded by users at 00:00 on these days from Aug. 20th ,2015 to Aug. 27th.
If the cloud hash holded by the users is higher that that they had purchased, for the part of higher, the settlement day will be on Feb. 21th, 2016.
3.initial mining income of B11 will be distributed on Feb. 18th, 2016. The second time will be on Feb. 29th, 2016. Then the following income will be distributed weekly.
4.The closing day for the interest :
We will stop paying interest to the first batch of B11 users since Feb.11th, 2016.
For the other B11 users, we will stop paying interest since Feb.21th, 2016.
For B12 users, we will stop paying interest since Feb.29th, 2016
5.All above is the income distribution time and detailed information. Before the distribution of the mining income, we will continue to pay users with interest.
Happy new year!
2016-02-05 10:01:00
Dear all:
The settlement day for our first group of hash investors will be on Feb. 11th , 2016.
For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th , 2015, if they haven’t sold their hash in the hash market after Jan.31th, 2016, they will begin to receive income from Feb.11th, 2016.
For B11 investors who invested after Aug. 27th, 2015, they will begin to receive income from Feb. 21th, 2016.
For B12 investors, they will begin to receive income from Mar.1th, 2016.
Because the settlement day for the first batch will arrive during Chinese new year, the detailed information of income distribution is as follows:
1.For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th, if they haven’t sold their cloud hash in the hash market after Jan.31th, 2016, they will begin to receive income from Feb.11th, 2016, which is based on the purchase records on our website, https://www.bw.com/beleven
2.The income distributed during the period from Aug. 20th ,2015 to Aug. 27th is computed based on the minimum hash power of the three, the first batch of the cloud hash purchased by users, the cloud hash holded by users at 00:00 Jan.31th, 2016 and the cloud hash holded by users at 00:00 on these days from Aug. 20th ,2015 to Aug. 27th.
If the cloud hash holded by the users is higher that that they had purchased, for the part of higher, the settlement day will be on Feb. 21th, 2016.
3.initial mining income of B11 will be distributed on Feb. 18th, 2016. The second time will be on Feb. 29th, 2016. Then the following income will be distributed weekly.
4.The closing day for the interest :
We will stop paying interest to the first batch of B11 users since Feb.11th, 2016.
For the other B11 users, we will stop paying interest since Feb.21th, 2016.
For B12 users, we will stop paying interest since Feb.29th, 2016
5.All above is the income distribution time and detailed information. Before the distribution of the mining income, we will continue to pay users with interest.
Happy new year!
So confirmation that they are on track to start payments to the early B11 investors after CNY. My B11 are from the second phase so payments start Feb 21, will be interesting to see exactly what the payments are.
However as these dates are close I think this confirms that the big ramp in BW hash over the last Month has been B11 miners coming on line. I wonder when we will see propper pictures and specs and when they will start sales of miners?
Rich
Latest announcement / Update on B11 / B12 Hash Investment on the Website, not yet translated, here is Google Translate, but I can't make much sense of it?
However I think it confirms they are on track to start Mining on the Dates previously given? (Post #29 above)
Rich
Quote
Dear credits network users:
Credits cloud network operator first Operators force will force B11 February 11, 2016 settlement, qualified users get cloud Operators force mining revenue; other B11 cloud Operators force on February 21 delivery; B12 cloud operator in force 3 January delivery. Users enjoy priority to purchase the first batch of mining income, other preferential schemes will be announced in due course in the years after.
Given B11 during the first delivery date is considered force the Spring Festival holidays, the proceeds paid Details are as follows:
1, cloud calculate earnings power line on February 11 were issued for the purchase of the first batch of 2015 between August 20 to August 27. In the purchase history page https://www.bw.com/beleven prevail.
2, February 11 to 20 during the day issuing mining revenue is calculated based on the minimum initial purchase power operator, at 0:00 on January 31 held operator force, held the day count to zero force. Operators holding force is higher than for later delivery will be considered part of the force February 21.
3, B11 cloud operators force the first distribution of mining revenue cloud Operators force time February 18, the second release time February 29, after the issuance of mining Forwards weekly earnings.
4, the deadline for payment of financial income: B11 The first February 10, the other 20 February, B12 is February 29.
5, before the time of issuance and conditions as above to obtain the cloud operators force mining income, financial income paid as usual.
Matters not covered in the section "financial cloud operator force B11, B12 supplement."
Happy new year.
Credits cloud network operator first Operators force will force B11 February 11, 2016 settlement, qualified users get cloud Operators force mining revenue; other B11 cloud Operators force on February 21 delivery; B12 cloud operator in force 3 January delivery. Users enjoy priority to purchase the first batch of mining income, other preferential schemes will be announced in due course in the years after.
Given B11 during the first delivery date is considered force the Spring Festival holidays, the proceeds paid Details are as follows:
1, cloud calculate earnings power line on February 11 were issued for the purchase of the first batch of 2015 between August 20 to August 27. In the purchase history page https://www.bw.com/beleven prevail.
2, February 11 to 20 during the day issuing mining revenue is calculated based on the minimum initial purchase power operator, at 0:00 on January 31 held operator force, held the day count to zero force. Operators holding force is higher than for later delivery will be considered part of the force February 21.
3, B11 cloud operators force the first distribution of mining revenue cloud Operators force time February 18, the second release time February 29, after the issuance of mining Forwards weekly earnings.
4, the deadline for payment of financial income: B11 The first February 10, the other 20 February, B12 is February 29.
5, before the time of issuance and conditions as above to obtain the cloud operators force mining income, financial income paid as usual.
Matters not covered in the section "financial cloud operator force B11, B12 supplement."
Happy new year.
However I think it confirms they are on track to start Mining on the Dates previously given? (Post #29 above)
Rich
Yes that part is clear and the payments I have been having on all the investments B11 Primary / Secondary & B12 Primary have been correct. I am expecting them all to continue until the Miner is hashing and paying back what it earns. Also the B11 pays a higher interest than B12.
Rich
Rich
Yes I am far from certain they have thought that through. All of my B11 purchases were made after the Aug-27 date, but some were from the secondary market. and may have been originally purchased before the date. My guess would be that it will be from when you purchased them?
I am assuming that regardless of when or how they were purchased you will be entitled to the return of the Principal, but that may be wishful thinking? Again on the 50/50 I am assuming that the stages apply regardless to if you were the original purchaser or a secondary purchaser. What is clear is that they have not made things very clear...
It would have been nice if there was a statement to the effect that all rights pass from the original investor to the new investor. I still feel / hope that this will be the case.
Rich
Haha this is correct "What is clear is that they have not made things very clear... I am assuming that regardless of when or how they were purchased you will be entitled to the return of the Principal, but that may be wishful thinking? Again on the 50/50 I am assuming that the stages apply regardless to if you were the original purchaser or a secondary purchaser. What is clear is that they have not made things very clear...
It would have been nice if there was a statement to the effect that all rights pass from the original investor to the new investor. I still feel / hope that this will be the case.
Rich
". If they pay back principal in full even if you purchased on the secondary market then the B11 is looking more attractive than B12 because it should be paid back at least a month in advance. And I assume B11 purchased on the market still earn interest (000312BTC/THS/DAY) until the listed dates for next stage?
Yes I am far from certain they have thought that through. All of my B11 purchases were made after the Aug-27 date, but some were from the secondary market. and may have been originally purchased before the date. My guess would be that it will be from when you purchased them?
I am assuming that regardless of when or how they were purchased you will be entitled to the return of the Principal, but that may be wishful thinking? Again on the 50/50 I am assuming that the stages apply regardless to if you were the original purchaser or a secondary purchaser. What is clear is that they have not made things very clear...
It would have been nice if there was a statement to the effect that all rights pass from the original investor to the new investor. I still feel / hope that this will be the case.
Rich
I am assuming that regardless of when or how they were purchased you will be entitled to the return of the Principal, but that may be wishful thinking? Again on the 50/50 I am assuming that the stages apply regardless to if you were the original purchaser or a secondary purchaser. What is clear is that they have not made things very clear...
It would have been nice if there was a statement to the effect that all rights pass from the original investor to the new investor. I still feel / hope that this will be the case.
Rich
So I am starting to wonder how you determine which period th B11 hash was purchased when you are buying on the market. It only makes a difference of about 10 days for entering the mining stage or does it only pertain to the original contact buyer?
So confusing really. Because in theory the only person who would get paid back principal without any fees would be the original contract buyer not someone who purchased on the secondary market, right? Also, does that means if you buy on the market you split profits 50/50 with BW as soon as you purchase or do you get only interest until the next stage starts?
So confusing really. Because in theory the only person who would get paid back principal without any fees would be the original contract buyer not someone who purchased on the secondary market, right? Also, does that means if you buy on the market you split profits 50/50 with BW as soon as you purchase or do you get only interest until the next stage starts?
Secondary Market for B12 now open, not much trading.
Rich
Rich
Missed that, but good news. Had assumed up until now that they would regard the interest as part of the returned principal.
Rich
Rich
Yes agreed it is confusing I think you are right and they are referring to Stage 2 / what they are now calling settlement day. Perhaps it lost something in the translation?
BTW do you think the interest payments count towards the Return of the Principal or are in addition to it?
Rich
It does not count toward return on principal so that is a good thing.BTW do you think the interest payments count towards the Return of the Principal or are in addition to it?
Rich
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2.Distributing interest in pre-order stage
BW will distribute the interest to users until the actual settlement day.The interest accrued during the pre-order stage is not added to the original principal.
BW will distribute the interest to users until the actual settlement day.The interest accrued during the pre-order stage is not added to the original principal.
Yes agreed it is confusing I think you are right and they are referring to Stage 2 / what they are now calling settlement day. Perhaps it lost something in the translation?
BTW do you think the interest payments count towards the Return of the Principal or are in addition to it?
Rich
BTW do you think the interest payments count towards the Return of the Principal or are in addition to it?
Rich
That is confusing to me because they now state the first stage will have phased starts, but B11 and B12 are already in Stage 1 here: https://www.bw.com/cn/b12/code_en.html
Basically it sounds like Stage 2 (when miners are activated and payment towards principal starts without electricity costs or fees) has been delayed slightly to Feb 11, 2016, Feb 21, 2016, and March 1,2016. So it seems we will make profit on the small interest amounts and our principals back but with the difficulty moving up like it is I am not banking on making any profit in Stage 3:
Quote
Stage 1:The pre-order stage is expected to end on January 1st, 2016. Investors will receive a fixed daily interest of 0.00022 BTC per terahash, during the pre-order stage. This daily interest will last until the miners are activated on Jan 1st, 2016, in the event of any delays BW will immediately update users on the BW website.
Basically it sounds like Stage 2 (when miners are activated and payment towards principal starts without electricity costs or fees) has been delayed slightly to Feb 11, 2016, Feb 21, 2016, and March 1,2016. So it seems we will make profit on the small interest amounts and our principals back but with the difficulty moving up like it is I am not banking on making any profit in Stage 3:
Quote
Stage 3:After returning all invested terahash value to the investor the mining net income will be split 50/50 between the investor and BW. The investor will also now be charged a maintenance fee of 0.5 CNY/ KW*H, which includes the electricity fee.
BW will distribute the income to the investors based on the actual output of the B12 miners.
BW will distribute the income to the investors based on the actual output of the B12 miners.
I see that BW has made a few interesting statements on the Start of Mining for the Hash Investments.
I think they are saying here that availability of ASIC's from Samsung is not the limiting factor?
So looks like they are planning a phased start to mining with the earlier purchasers of B11 at the End Of January, running through to March 1st for B12.
Full text here.
https://www.bw.com/news/show-54-proclamation
Rich
Quote
1.The projected settlement day
The projected settlement day is on Jan.1st, 2016, But the actual settlement day would be influenced by the suppliers, especially the SOC supplier, Samsung. According to our communication with Samsung and the progress of our production, the settlement day is within our control.
The projected settlement day is on Jan.1st, 2016, But the actual settlement day would be influenced by the suppliers, especially the SOC supplier, Samsung. According to our communication with Samsung and the progress of our production, the settlement day is within our control.
I think they are saying here that availability of ASIC's from Samsung is not the limiting factor?
Quote
4.The actual settlement day
For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th , 2015, if they haven’t sell their cloud hash in the secondary market on Jan.31th, 2016, they will enter the first stage on Feb.11th, 2016.
For B11 investors who invested after Aug. 27th, 2015, they will enter the the first stage on Feb. 21th, 2016.
For B12 investors, they will enter the first stage on Mar.1th, 2016.
If there is a delay for the guaranteed settlement day, BW undertake all the loss and pay the income to investors on time.
For B11 investors who invested during the period from Aug. 20th ,2015 to Aug. 27th , 2015, if they haven’t sell their cloud hash in the secondary market on Jan.31th, 2016, they will enter the first stage on Feb.11th, 2016.
For B11 investors who invested after Aug. 27th, 2015, they will enter the the first stage on Feb. 21th, 2016.
For B12 investors, they will enter the first stage on Mar.1th, 2016.
If there is a delay for the guaranteed settlement day, BW undertake all the loss and pay the income to investors on time.
So looks like they are planning a phased start to mining with the earlier purchasers of B11 at the End Of January, running through to March 1st for B12.
Full text here.
https://www.bw.com/news/show-54-proclamation
Rich
I sent them an email about a physical miner update and also asked if the B12 sales were still open (since it still says open even though 5000T has bee sold) or if it were best to wait for information to be released on the physical miner.
Support claimed a "user" purchased the remaining B12 hash. But, if you look at the final purchase on B11 it looks like a company representative bought the remaining shares, so it makes me think they just funded the rest themselves.
They even mentioned the posibility of a B13 but I don't understand why at this point other then needing more coin to increase production.
They even mentioned the posibility of a B13 but I don't understand why at this point other then needing more coin to increase production.
Yes I think what happened on B11 was that they had opened the Market after they were half sold and people were trading, then they released the second half , but people were constantly undercutting the BW sales block. It was also at a time when BTC was strengthening and they then tried reducing the price of their block. I think in the end they just bought back the lot and opened B12 and got back in control.
What is odd about the final sales of B12 is the piecemeal way in which the remaining shares were taken up?
Where are the words on the customer buy of B12 & possibility of B13?
Rich
Edit: Also B12 cloud hashing has reached 5000T.
Yes not al all sure what happened here? User xd***uhm made 6 purchases on the 24th over a period of 12 Hours with size varying from 3.19T to 238.14T
Very strange purchasing pattern and amounts to over BTC500.
Rich
They even mentioned the posibility of a B13 but I don't understand why at this point other then needing more coin to increase production.
Edit: Also B12 cloud hashing has reached 5000T.
Yes not al all sure what happened here? User xd***uhm made 6 purchases on the 24th over a period of 12 Hours with size varying from 3.19T to 238.14T
Very strange purchasing pattern and amounts to over BTC500.
Rich
To my surprise they actually responded with an udpate on selling physical miners since they have finished R&D. They are planning on the end of January 2016 to early February 2016 which must mean cloud hashing to launch Jan 1 should still be in order!
Still nothing solid sice we haven't seen a working miner, but non the less a starting point.
Edit: Also B12 cloud hashing has reached 5000T.
Still nothing solid sice we haven't seen a working miner, but non the less a starting point.
Edit: Also B12 cloud hashing has reached 5000T.
I have seen no further updates on the miner, and their response to my email suggesting they make updates for investors was less than useful.
I have got to the point that I do not now expect to make money on this, because of the way the Difficulty is going, but equally I don't expect to loose either.
Rich
I have got to the point that I do not now expect to make money on this, because of the way the Difficulty is going, but equally I don't expect to loose either.
Rich
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.
Edit: I went ahead and sent them an email to see if they are willing to give a status on anything.
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
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.
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
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