First commercial ASIC miner specifications and pre-launch - page 9.

Xephan

newbie

Activity: 42

Merit: 0

Quote from: MiningBuddy on July 17, 2011, 04:05:46 PM

That whole site smells too good to be true Roll Eyes

Personally, the only reason that it looks too good to be true is that the English is the best I've seen from a PRC native... and I communicate with quite a few due to my work.

Plus the fact none of my manufacturers in Shenzhen have warned me they are shutting down factories for vacation because it's too hot, especially since weather records indicate they are just generally only 1C hotter than where I am Wink

asicminer

newbie

Activity: 14

Merit: 0

Quote from: MountainMan on July 17, 2011, 09:16:24 PM

The reverse engineering risk doesn't exist. After your first unit is deployed, it's open season. I would think it's better to go for complete disclosure, thereby gaining the trust and commerce of dozens or hundreds than to appear shady and turn away thousands.

We will use epoxy coating sprayed onto the main channels and components. Removing it will destroy the hardware.

Christian Pezza

member

Activity: 154

Merit: 10

Just a note...

http://who.godaddy.com/whois.aspx?domain=asicminer.net&prog_id=GoDaddy

Oldminer

legendary

Activity: 1022

Merit: 1001

lol

MountainMan

newbie

Activity: 28

Merit: 0

The reverse engineering risk doesn't exist. After your first unit is deployed, it's open season. I would think it's better to go for complete disclosure, thereby gaining the trust and commerce of dozens or hundreds than to appear shady and turn away thousands.

Show me what you got and I'll pay you fairly for it.
If you want a down payment on your promises, find some other sucker.

asicminer

newbie

Activity: 14

Merit: 0

Hi guys,

We are sorry to see such an harsh response from the community. We wish to reply all of your questions to clarify any matter and in the meantime we also updated our blog post, feel free to check it out. This is not intended to be a scam, we are very concerned about releasing pictures or schematics because of the reverse engineering risk.
By the way 'Popular republic of china' was a typo, perhaps a bad one. We've fixed that. Thanks

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: makomk on July 17, 2011, 03:37:32 PM

So Bitcoins are illegal there and that's why they don't want to run the miners themselves, but you need to pay them Bitcoins in order to reserve one. Right.

It makes sense if you don't think about it.

The00Dustin

hero member

Activity: 807

Merit: 500

Quote from: makomk on July 17, 2011, 03:37:32 PM

It gets even better if you noticed:

Quote

and while we could do the mining by ourselves and still profit a lot, our purpose is not to challenge the government ( Bitcoin in the Popular Republic of China is illegal and manipulating large quantities of currencies is not even tolerated for foreign citizen without permissions, reason for which we chose to keep our identities hidden at the moment )

So Bitcoins are illegal there and that's why they don't want to run the miners themselves, but you need to pay them Bitcoins in order to reserve one. Right.

A very valid point, especially considering that such enterprising individuals could pay someone else in BTC to rent some rackspace and run the things if they're actually going to dabble with the currency, but don't want to get caught mining in their country.

Dargo

legendary

Activity: 1820

Merit: 1000

I wonder if they are just going for the 15 BTC scam, or whether they will also try for the additional $2700. But it's fun to think about mining at 5 Gh/s and only pulling 400 watts or so from the wall. Grin

MiningBuddy

hero member

Activity: 927

Merit: 1000

฿itcoin ฿itcoin ฿itcoin

That whole site smells too good to be true Roll Eyes

makomk

hero member

Activity: 686

Merit: 564

Quote from: ?? on ??

Quote

Because of the large quantity of requests, in order to be elegible for ordering a machine you need to send 15 BTC to 16BYKtRZDT6vsbpYmfcM3EKStDAbrq...

That part is perhaps better than the "we chose to keep our identities hidden". LOL

It gets even better if you noticed:

Quote

and while we could do the mining by ourselves and still profit a lot, our purpose is not to challenge the government ( Bitcoin in the Popular Republic of China is illegal and manipulating large quantities of currencies is not even tolerated for foreign citizen without permissions, reason for which we chose to keep our identities hidden at the moment )

So Bitcoins are illegal there and that's why they don't want to run the miners themselves, but you need to pay them Bitcoins in order to reserve one. Right.

newMeat1

full member

Activity: 210

Merit: 100

Well don't worry guys. You know some fool with too many bitcoins is gonna give it a shot and find out for us whether it's a scam or not

Also just noticed that PRC is now the Popular Republic of China, fyi

randomguy7

hero member

Activity: 527

Merit: 500

Quote

Because of the large quantity of requests, in order to be elegible for ordering a machine you need to send 15 BTC to 16BYKtRZDT6vsbpYmfcM3EKStDAbrq...

lol

Grouver (BtcBalance)

hero member

Activity: 530

Merit: 500

Quote from: ?? on ??

I am absolutely not going to send thousands of USD to an unidentified person overseas, nomatter how fantastic the promises may be.

Congratulations, you just won 150.000 dollars within our lottery.
Before you can claim your award, please deposit 250 dollars to the following bank account: 9494949.
After the transaction is confirmend we will send you the whole total of 150.000 dollars to your bank account.

Keep in mind you are randomly selected out of 30596930 people!

Sincerely,
asicminer.net

newMeat1

full member

Activity: 210

Merit: 100

I like the part about not being able to manufacture, because the weather is too hot

I still don't think a team of four could, in a few months:
1. develop an ASIC
2. develop a controller
3. also make the custom software, interface, etc...

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

While their claims are plausible, I would be very concerned that this is a scam.

If they're reading this, I have an offer for them: If they're willing to accept my written promise not to disclose any information they tell me, I'm willing to validate their claims. They wouldn't have to send me any hardware. They would simply have to answer technical questions that I pose within a tight time frame (24 hours or so) -- they would all be questions they would necessarily already have the answer to if this was real. I will make my conclusions public, either way.

The00Dustin

hero member

Activity: 807

Merit: 500

Considering how little it costs to manufacture something in China, I'm guessing those guys are going to turn a serious profit. If it's a scam, I suppose the profit turned will be even larger.

f41lover

member

Activity: 63

Merit: 10

All your random numberz 'r belong to us

They finally launched it, seems genuine ? http://asicminer.net/?p=58 .. i am tempted to risk those BTC

Topic: First commercial ASIC miner specifications and pre-launch - page 9. (Read 29365 times)