Topic: DragonMint T1 16TH/S halongmining.com - page 72. (Read 87763 times)

Here's some more pictures that were shared publicly:

some unidentified items wrapped up and a conveyor belt showing some pieces of plastic moving.

there is nothing identifiable in there. nothing. they have a room filled with their fabled machinery and they can't be bothered to get a little bit closer to show their haters one single detail that might prove it's real.

i'm waiting to be pleasantly surprised. that video has done less than nothing to reduce that wait. it's increased it.

New update from Halong on Twitter. It looks like in the end they are real. And hopefully first batch people can start earning some $$$$

https://twitter.com/HalongMining/status/960050172033052672/photo/1

Kind of a Bermuda Triangle but  based in Asia instead.  Cool

Well, to make it more interesting, I bet there is some kind of a triangle connection between Halong-Innosilicon-Bitmain  

Gotta love them consiparicy theories.

But seriously, I think Inno is somehow involved in this Dragonmint project.

I think they have a hidden connection.  And are far more related to each other then we know.


But that is my own conspiracy theory.

Halong Mining Innosilicon DragonMint 16Th/s  ?

Still haven't got any replies from Halong or Inno for my questions about this.

Its not really that much new, it was announced one day later after Bitmain has announce their A3 miner, something seems fishy, like they are trying to compete with them...

Now we have another miner?  For siacoin?  Still no proof of anything and they’re getting ready to start an entire other line of miners?

https://halongmining.com/shop/dragonmint-b52-blake2b-miner/

well  at one time  there was a cap  off the top of my head say 175,000  and  the 15%  is really 7.5 + 7.5

since you pay 7.5 with a salary.  So 84 lumber was paying  and extra 7.5 on  say 175,000 or 13,125  extra  which is partially deducted some times.

I think  he feels the total control is worth it.

Also  as a schedule c filer my self that  is primarily doing sales  you can shift tax burden forward.

Lets say it was Jan 1 2017  and I have 10,000 in ending inventory  when coins went mad last fall.  and I made more mining then selling for s short time Nov + Dec.  I can decide  to  push all profits into inventory  and I did purchase 40-50 k in gear in those 2 months.

So when my  tax year ended in dec 2017  my ending inventory  for jan 2018  was  close to 60 k.  vs 10 k   So I shifted profits legally from last year to this year.  I sold a lot of gear in January 2018  .  So the tax return will not be due until april 2019 rather then april 2018.

All legal.


   Yoshi  is me at a bigger scale so I would imagine he could be doing this.  Also he does have a Japanese connection.  I do not know  enough about his  passport etc to say  what he does  about taxes and my  tax work  was collection for the IRS.  My wife did individual returns as did my mom.  My mom retired in 1987  my wife retired a few years ago.


Now does all this mean  this is not a scam  nope it could be.

This is why I lie in wait  for late March  to see if Yoshi does deliver what he promised to me.
I hope it is good gear.  As  bitmain has tired me out a lot.

 I do more GPUS  by far then asics  as I get decent service. From them.

 The only reason I still have any asics is Yoshi  more then any other reason.

There's no doubt that one could operate as a sole proprietorship legally and not want to divulge their SSN in the US, but if they were making any kind of decent profits , would they not have to pay the additional 15% self employment tax on top of income taxes (fed and state) ?   Why would anyone do this and give up 15% of their profits?

I haven’t been around very long, so I’m just getting to know your style. I like how you think. Very strategic. And measured responses, I respect the way you conduct yourself, sir.

Yeah I second that. Halong announced MyRig as a distributor. If it wasn’t true, why didn’t MyRig refute immediately? Seems like it was announced, and then poof... the machine showed up on their newly polished website. How can you claim a week or two later you’re not a distributor, or that you might be and didn’t know for sure yet? That’s odd by any standard.

If he’s not a distributor... then under what circumstance did the product appear on his website?

It is why  I have always said wait do not open your wallets.

My birthday was lasr week I am 61  the single biggest thing I learned  by sticking around for a decent amount of years is don't rush to be first in line.

Somewhere I mentioned in this 60 page thread that by the time this drops  to ship bitmain may issue  a 22th 1400 watt miner.

I have purchased

5 s-9s
1 pangolian
35 1080tis
12 1070tis
8  moonlander usb sticks
and the 13 card beast miner from autominer.at

about 40000 in gear.  Since the Black Friday sale when this offered.

I sold ⅔ of that gear gor 30k and mined 15000 in coin. 

getting 45000 which is 5000 profit.

I have 1 ⅔ s-9s
18 1080tis
8 moonlander sticks

And the people that purchased  on black friday have zero.

I am going to sell 1 s-9  adding to the 5000 profit  and roll that into my late march purchase of this.

It is the major reason I kept an eye out on this thread. Since it is efficient  only once it mines for me.

All this talk about myrig/bitmainwarranty having been in business for years and therefore lending credence to this miner....

For those who have been around a while, this reminds me of minersource, they too were in business a long time both as resellers and for hosting miners and had an excellent reputation, and then they went rogue.

I stick to my original assessment, the miniscule gains that this miner may offer over bitmain equipment, are not sufficient for the risk that it's not legit / delayed / made obsolete by a new Bitmain miner.

To be fair, myrig also sell bitmain gear on their site, and bitmain don't have any official distributors either.

I think that myrig are just going to be resellers, buying and selling on equipment.

"No resellers" and the product is listed for sale on myrig. All this shit is crazy.

That is what I got from the conversation and what raised a red flag for me to call it a scam. The backpedaling itself was what set off the alarms for me. It wasn’t the lack of supplying ID’s that got me, it was the fact that these three parties are supposed to be working so closely together yet are so far off from each other in conversations.

This was a follow up email sent from Halong yesterday.

I'm less concerned about a well-established outfit with a several-years business record not sharing its tax ID than I am with it refuting the claim to be a distributor. He left it open that maybe they were a distributor and he just hadn't heard about it, but why is that potential huge lie less of a concern than whether or not BitmainWarranty/Myrig is real?

What am I missing?

By listing exceptions you can claim you are right, I am wrong, fine.

I assumed that if someone was a major distributor for any Tech manufacturer and conducting business anywhere in the United States (i.e. synnex, Avnet, techdata, ingram micro) that they would protect themselves under a corporation and not a sole proprietorship when filing for state and federal ID’s. Every distributor, reseller, or client I have ever worked with required my tax ID’s on both the purchasing and sale side. I don’t get where you think me asking for them was from having no knowledge of taxation. Regardless, even if this was a sole proprietorship all either of them had to say was just that and say they didn’t want to divulge that information. They didn’t, they just did a lot of backpedaling.