Topic: DragonMint T1 16TH/S halongmining.com - page 61. (Read 87857 times)

The company name is Little Dragon Technology LLC, or did I misunderstand something from their blog?

Ok so I am really lost.


When Bitmain used AsicBoost, everyone and their grandma was angry and upset and Evil Evil Bitmain was shouted...


Why are we celebrating AB now? I really dont get it lol


Makes no sense to me, to suddenly praise something we hated, just because its Not Bitmain for once :/

HaggsFIN, you have nothing for which to apologize. Your skepticism and criticism have been reasonable. On the other hand, Halong Mining's treatment of its customers has been unacceptable, and no one has yet to receive a functioning DragonMint. While I am cautiously optimistic to see today's postings from Halong Mining and -ck and find this information encouraging (-ck's credibility is impeccable), Halong Mining has still left many critical questions unanswered, which are documented in Unicornflex's post. (See https://bitcointalksearch.org/topic/m.29757421.)

Hypothetically, if a valid reason arises, such as Halong fails to deliver the DragonMint to its purchasers, or if the DragonMint has a design defect that makes it unsafe to use, do we, the purchasers of the DragonMint, have enough information to hail Halong Mining into court to answer? The answer is clearly no. Halong Mining has refused to disclose any information about its jurisdiction of operation and its incorporation, even basic information such as its physical address or mailing address. I'm sorry, people, but you can't sue an email address or a domain name. Does this lack of basic information bother anyone else? It should. You need this information if you need to seek a legal remedy. Do we know the name of anyone who is employed by Halong Mining, such as management or any engineers? No. If we had such information, we could evaluate their record for honesty and safety. -ck is the sole shining star affiliated with the DragonMint, and -ck's posts are the only bits of information that give me any reason for optimism, but let's be clear: -ck has stated that he is not employed by Halong Mining; he has stated that he has a contract with MyRig. (See https://bitcointalksearch.org/topic/m.30859496.) MyRig purports to be a Colorado corporation, but it isn't. (See https://bitcointalksearch.org/topic/m.30805144.) Halong Mining and MyRig do not operate in the manner in which credible companies operate. Credible companies provide a path in which they can be held accountable for their actions. Delivering a product is not enough to make a company credible.

Let's say, once again, hypothetically, that a design defect in the DragonMint causes them to fail prematurely, or that the DragonMint poses an unacceptable fire risk. (We've seen serious fire risks with extremely low wattage iPhones, which use about 1 kWh per year, and which are manufactured and designed by Apple, one of the best and most reliable companies that has ever built electronics. It does not strain the imagination that we could see a fire risk with a DragonMint (a 1480W device), which is manufactured and designed by anonymous engineers under the supervision of anonymous management. The lack of accountability is disturbing to me. Does it disturb anyone else? Anyone who is considering placing a new order from Halong Mining should heed these facts.

Ah, looks like a happy ending.

I still don't understand the obfuscation though. They could've been upfront about who and what they were without letting the important details slip. Even if they don't need the custom, they should've respected the well earned paranoia around here.

I don't even think you need to apologize for your suspicions man. They brought a lot of it on themselves. Despite the secrecy, they came off very cocky and uncaring... which fosters more suspicion.

The one thing I've learned in my short time here is that you have to realize what folks here have been through. Some of the paranoia comes off very harsh and unfounded, until you take a step back and look at all the crazy stuff the folks in the community have been through. Halong, at the barest of minimums, hasn't been very sensitive to that. At least until now.

I'm just happy to see it come to fruition. As has been said so many times here... if its real... the competition is much needed, and I think in the end everyone wins with another serious ASIC player in the marketplace.

A method to get 20% better mining performance from ASICs, there are two implementations, covert, which it's been rumored Bitmain have been using on the sly with their own miners to get an advantage over everyone else (and is part of the reason they tried to block SegWit as it doesn't work with SegWit) and also isnt great for the network as it encourages small block size bias, and overt, which Halong are using. Overt requires pool-side support but supports SegWit and has no block size bias.

You can read the whitepaper here: https://www.asicboost.com/

Some unsubstantiated but credible claims against Bitmain regarding covert AsicBoost: https://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/

Kudos to the inventors, super clever stuff. All this makes me hope even more that Halong is legit and will succeed in sticking it to Bitmain.

Halong still could have given out much more information and just not revealed the ASICboost thing until now without shrouding themselves in so much secrecy. I dont see this as good reasoning to act the way the company did overall.

I never meant anything bad with my criticism, I was just worried because we've seen many bad cases during Bitcoin mining history. So my apologies for my suspicions, I hope you understand my concerns earlier. We have now reached more open environment around the DragonMint and after Phil gets one for review, even more info is to come. 

Matti

Now let's see what Bitmain will come up with.

Very exciting news for the Bitcoin Mining Community and Halong Mining

Cheers

More News coming once all necessary steps are taken!  Stay tuned and Happy Hashing!

Getting more and more request to list lower value than it was paid for, our answer to this is "NO" Commercial Invoice will have the price each customer actually paid for and no we CAN NOT list lower value to help you lower your import duty or fees.  I'm sorry for being so BLUNT on this but this is what it is.


https://twitter.com/HalongMining/status/971295384491515904

DragonMint Bitcoin miners have AsicBoost inside!

Understand this is overt asicboost protected by the open defensive patent license meaning anyone can use it, and is not harmful to the network unlike covert. Ckpool and slush have support for this as it requires explicit poolside support, new stratum extensions, and cgminer needs to be modified to work with it.

https://blockchaindpl.org/
https://www.emergingtechlaw.org/analysis/creating-the-blockchain-defensive-patent-license420182
https://www.asicboost.com/single-post/2018/03/01/opening-asicboost-for-defensive-use/
https://blog.bitmex.com/defensive-patent-licence/
https://blog.bitmex.com/graphical-illustration-of-a-bitcoin-block/
https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/
https://bitcoinmagazine.com/articles/slush-pool-now-compatible-asicboost-miners/
http://stratumprotocol.org/

https://halongmining.com/shop/dragonmint-16t-miner/
https://halongmining.com/shop/dragonmint-b29-blake256-miner/
*More Coming!

P.S:  Thank you guys for a time to time entertaining speculations for the last few months!  Very encouraging to the least, leading all negativities to be honest!  

" Random Acts of Kindness "
If you feel shamed of all bashing or negativities here, May be when you stop by at your favorite coffee shop, pay for the guy behind you, or may be buy a care bag for a local homeless person with socks, wet tissues, some hygiene materials and some candies, or donate a backpack full of pencils to local schools, something happy and kind and pay it forward!

Money was held a long time but looks like they will get some returns now.

Very tough to lay money out in Nov and wait till March about a 120 day delay.

But the Black Friday prices were good under 2k if I recall correctly.

If these do 16 x 92 = 1450 watts at the wall they will be a decent piece of gear.

I can not wait to run it.

Very happy day today for all those who took the risk back in November. 

So is it 16 TH/S only on an ASICBOOST pool? How does that number adjust for a non-ASICBOOST pool?

Thanks  a very nice thing to read this morning.

Also, we can now understand why it was tested in the SlushPool only.

Only few pools support/will have a support for AsicBoost at the moment.

I see. So it is 1480 watts at 16th, about 92.5w/th. Thats about 13-15% better than S9 and about the same as the Ebit 10 miner if i recall right.
Creating 3 different miners in 3 months is fast.

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(Moderator's note: This post was edited by frodocooper to trim the quote from -ck.)

That's great news!  Looking forward for Phil having his hands on it. 

Thank you for explaining what was the reason for the small amount of details before product release, it makes sense now.

Fascinating developments.

Despite my initial qualms about this miner, it appears more and more likely that this is the real deal, and I’m relieved for all those guys who’ve prepurchased them.

Short update here:-

1. DragonMint's have version-rolling AsicBoost support (reference).
2. Shipping will begin around March 15 - 22, but there's a lot to ship so please be patient.
3. Shipped version number will be T1, not 16T due to some mixup with Russian import documents that cannot be changed in time.
4. This picture is legit and the final version that will ship https://twitter.com/MyRig_com/status/971205544533835776
5. Phillip will get a demo machine once the shipping starts. But the reason for the secrecy was AsicBoost capability could be revealed before the patent holder opened the patent. This is unfortunate, we would have preferred more openness, but it is what it is, patents suck, but in this case, the patent can help protect the Bitcoin ecosystem. Now we're so close to shipping, we'll just give a demo machine to phillip once we ship.

Some references:-

https://blockchaindpl.org/
https://www.emergingtechlaw.org/analysis/creating-the-blockchain-defensive-patent-license420182
https://www.asicboost.com/single-post/2018/03/01/opening-asicboost-for-defensive-use/
https://blog.bitmex.com/defensive-patent-licence/
https://blog.bitmex.com/graphical-illustration-of-a-bitcoin-block/
https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/
https://bitcoinmagazine.com/articles/slush-pool-now-compatible-asicboost-miners/
http://stratumprotocol.org/

The following pools are already version-rolling compatible: slushpool.com, ckpool.org, bitcoin-india.org
The following software is patched or has pull requests open or about to being worked on: btcpool, ckpool, cgminer