iBelink DM11G - Group Buy - Cancelled

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Longsnowsm on May 03, 2017, 09:58:22 PM

Quote from: philipma1957 on May 03, 2017, 09:50:44 PM

Quote from: Longsnowsm on May 03, 2017, 09:05:08 PM

Quote from: goen on May 03, 2017, 08:35:35 PM

Quote from: philipma1957 on May 03, 2017, 07:58:56 PM

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.

regards,

If you check out some of Phil's threads you will see he has quite a farm going. He has AMD rigs, ASIC miners, but recently started jumping into the Nvidia mining. So he has all of the bases covered! Grin

Great reading and a good education for anyone just getting into mining. Phil's got a solar farm thing going on as well. Just amazing fun stuff.

basically I am diverse.

I have stable power in the solar farm

my limits are not as much power as I want. heat control and

asic gear sucks

s-9's break - can not down clock any more. need to for heat issues .
r-4's break---- I don't need to down clock but both that I have have issues running in proper temps with proper power.
avalon's are great they just run but they burn power.
I could not get new x11 gear,
l3 was held up by bitmain

this leaves nvidia and or amd.gpus
I can down clock and I have the ability to sell gear to gamers - the nvidia or miners the amd.
once you have 11 mobos paid off you can pick and choose the gpu's to use.

Phil is holding out on you... He forgot to mention the Panda! LOL Cool stuff!

sold and replaced by 3 1080 ti's Grin

Longsnowsm

hero member

Activity: 868

Merit: 517

Quote from: philipma1957 on May 03, 2017, 09:50:44 PM

Quote from: Longsnowsm on May 03, 2017, 09:05:08 PM

Quote from: goen on May 03, 2017, 08:35:35 PM

Quote from: philipma1957 on May 03, 2017, 07:58:56 PM

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.

regards,

If you check out some of Phil's threads you will see he has quite a farm going. He has AMD rigs, ASIC miners, but recently started jumping into the Nvidia mining. So he has all of the bases covered! Grin

Great reading and a good education for anyone just getting into mining. Phil's got a solar farm thing going on as well. Just amazing fun stuff.

basically I am diverse.

I have stable power in the solar farm

my limits are not as much power as I want. heat control and

asic gear sucks

s-9's break - can not down clock any more. need to for heat issues .
r-4's break---- I don't need to down clock but both that I have have issues running in proper temps with proper power.
avalon's are great they just run but they burn power.
I could not get new x11 gear,
l3 was held up by bitmain

this leaves nvidia and or amd.gpus
I can down clock and I have the ability to sell gear to gamers - the nvidia or miners the amd.
once you have 11 mobos paid off you can pick and choose the gpu's to use.

Phil is holding out on you... He forgot to mention the Panda! LOL Cool stuff!

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Longsnowsm on May 03, 2017, 09:05:08 PM

Quote from: goen on May 03, 2017, 08:35:35 PM

Quote from: philipma1957 on May 03, 2017, 07:58:56 PM

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.

regards,

If you check out some of Phil's threads you will see he has quite a farm going. He has AMD rigs, ASIC miners, but recently started jumping into the Nvidia mining. So he has all of the bases covered! Grin

Great reading and a good education for anyone just getting into mining. Phil's got a solar farm thing going on as well. Just amazing fun stuff.

basically I am diverse.

I have stable power in the solar farm

my limits are not as much power as I want. heat control and

asic gear sucks

s-9's break - can not down clock any more. need to for heat issues .
r-4's break---- I don't need to down clock but both that I have have issues running in proper temps with proper power.
avalon's are great they just run but they burn power.
I could not get new x11 gear,
l3 was held up by bitmain

this leaves nvidia and or amd.gpus
I can down clock and I have the ability to sell gear to gamers - the nvidia or miners the amd.
once you have 11 mobos paid off you can pick and choose the gpu's to use.

Longsnowsm

hero member

Activity: 868

Merit: 517

Quote from: goen on May 03, 2017, 08:35:35 PM

Quote from: philipma1957 on May 03, 2017, 07:58:56 PM

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.

regards,

If you check out some of Phil's threads you will see he has quite a farm going. He has AMD rigs, ASIC miners, but recently started jumping into the Nvidia mining. So he has all of the bases covered! Grin

Great reading and a good education for anyone just getting into mining. Phil's got a solar farm thing going on as well. Just amazing fun stuff.

goen

member

Activity: 77

Merit: 10

Quote from: philipma1957 on May 03, 2017, 07:58:56 PM

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

dear phil,

sorry to ask this OOT question.
but why choose nvidia gpus over the amd like rx470s?
afaik rx series has better speed and thus better ROI.

regards,

Longsnowsm

hero member

Activity: 868

Merit: 517

Quote from: TomPlatz on May 03, 2017, 08:02:58 PM

Quote from: jpoker272727 on May 03, 2017, 02:45:18 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

I independently calculated ROI to be the same two days ago and based on this amazing return I concluded that the manufacturers must have rocks in their head to sell devices that pay back in perhaps 15 days if only their costs were involved, don't need to add their profit to that calc.
Why the hell would you sell miners that you would be better off keeping with those sorts of returns. Are they really trying to be that kind to the world ?

Good luck !

This is why at the very least there will be a delay shipping these miners... You know the manufacturer needs to make sure that you don't get a bad miner so they will have to do some "burn in tests" for you just to be sure... May delay shipment 30 days or more... But your miner will be assured to not be DOA! LOL

These things never ship on time if they ship at all. So it will be fun watching what happens to those who jump in on the preorder. And you can't rule Baikal and others out either. So it will be fun to watch.

I think I am going to take Phil's advise and mine some more GPU's and set aside a little to invest in the next wave if it is still profitable to even do so. Grin

TomPlatz

newbie

Activity: 37

Merit: 0

Quote from: jpoker272727 on May 03, 2017, 02:45:18 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

I independently calculated ROI to be the same two days ago and based on this amazing return I concluded that the manufacturers must have rocks in their head to sell devices that pay back in perhaps 15 days if only their costs were involved, don't need to add their profit to that calc.
Why the hell would you sell miners that you would be better off keeping with those sorts of returns. Are they really trying to be that kind to the world ?

Good luck !

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

I did a long hard look at this and the minimum 90 days from payment to shipping seems to make it a deal breaker.

I went in the direction of some more nvidia gpus. I am close to 8000 h and will soon be at 8700 then 9100h.

Longsnowsm

hero member

Activity: 868

Merit: 517

Thanks Kilo, I appreciate you trying to make this happen. Good luck to those looking to buy the iBelink miners... I think I am going to follow Phil's advice and go play with some GPU's! LOL

kilo17

legendary

Activity: 980

Merit: 1001

aka "whocares"

I have corresponded with Philip and under these circumstances I think it would be best to not hold this Group Buy. This is for a number of reasons but suffice it to say that it is to risky for all parties involved. I have a great history doing Group Buys as well as other transactions with philipma1957 and take his advice seriously.

Good luck to those looking to purchase the miner in getting one safely. I hope it turns out well for everyone.

Longsnowsm

hero member

Activity: 868

Merit: 517

I guess it may not matter for this group buy since Phil has decided not to escrow. But probably still a good idea for the other group buy to know who is who... We haven't heard from Kilo yet, but I can't imagine this purchase can go forward without Phil.

bittawm

legendary

Activity: 1894

Merit: 1087

Quote from: Longsnowsm on May 03, 2017, 06:02:11 PM

Very interesting. I would like to see the IP scan list and see what we are dealing with. Probably both group buy threads should have the IP's scanned to see is going on.

i am all for this

Starkz

member

Activity: 91

Merit: 10

Since philipma1957 posted that he will not be providing escrow service for either group buys, is there someone else trusted for escrow? Is this group buy over?

Longsnowsm

hero member

Activity: 868

Merit: 517

Very interesting. I would like to see the IP scan list and see what we are dealing with. Probably both group buy threads should have the IP's scanned to see is going on.

elokk

hero member

Activity: 723

Merit: 519

Quote from: bittawm on May 03, 2017, 04:51:55 PM

Quote from: wlefever on May 03, 2017, 04:48:06 PM

Quote from: pikachuy on May 03, 2017, 04:20:57 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

Not to judge you or anything, but with the X-MEN vs Avengers Movie that been going on in this community, and since you are a fairly new account, makes me wonder if this is a sabotage attempt. I could be wrong, but things have been weird lately going back and forth of different group buys... lol

This is how I feel as well. So many users wanting miners on both group buys have been low post accounts. I would love a few of these miners I just don't know how I feel about the situations. Undecided

If I was a mod I would scan their IPs and see how many new accounts have the same IP addresses as some of these forum members

I have reason to believe some of the established accounts that are heavily active in the marketplace threads are the same individual, manipulating other members, cornering the market on collectibles, etc

bittawm

legendary

Activity: 1894

Merit: 1087

Quote from: wlefever on May 03, 2017, 04:48:06 PM

Quote from: pikachuy on May 03, 2017, 04:20:57 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

Not to judge you or anything, but with the X-MEN vs Avengers Movie that been going on in this community, and since you are a fairly new account, makes me wonder if this is a sabotage attempt. I could be wrong, but things have been weird lately going back and forth of different group buys... lol

This is how I feel as well. So many users wanting miners on both group buys have been low post accounts. I would love a few of these miners I just don't know how I feel about the situations. Undecided

If I was a mod I would scan their IPs and see how many new accounts have the same IP addresses as some of these forum members

wlefever

legendary

Activity: 1174

Merit: 1001

Quote from: pikachuy on May 03, 2017, 04:20:57 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

Not to judge you or anything, but with the X-MEN vs Avengers Movie that been going on in this community, and since you are a fairly new account, makes me wonder if this is a sabotage attempt. I could be wrong, but things have been weird lately going back and forth of different group buys... lol

This is how I feel as well. So many users wanting miners on both group buys have been low post accounts. I would love a few of these miners I just don't know how I feel about the situations. Undecided

Tai_Pan

sr. member

Activity: 359

Merit: 251

Quote from: jpoker272727 on May 03, 2017, 04:11:36 PM

Quote from: Longsnowsm on May 03, 2017, 03:00:46 PM

Quote from: jpoker272727 on May 03, 2017, 02:45:18 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

If iBelink really is building and shipping 3000 units you can throw out all all the calculations for ROI. Diff is going to the moon, profitability is going to crash. The only thing you can do is guesstimate what might happen.

If we were to get some of the first units and started mining like crazy we might see an ROI in 6-8mths IF we are lucky. I suspect it will quickly go out beyond a year and will be like trying to mine BTC. Only shot is to get one of these early. If you pick up one later the chances of ROI look pretty grim.

Of course that all assumes that these units hash at the advertised rate, which so far the limited look at the one that was online was quite a ways off from the advertised rate. I am not so sure this thing is ready for prime time. I would like to see some more data from the miner.

I didn't think about hash difficulty that would be increased automatically because of this, and it's absurd for them to sell these asics if the ROI is 1 month.

If it becames like mining bitcoin then dash mining would be dropped a bit and especially from those that have mining for a long time with small asics.

Of course the diff will get higher.
More miners = higher difficulty=tougher to ROI.It applies to all the cryptocurrency out there.

pikachuy

sr. member

Activity: 544

Merit: 250

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

Not to judge you or anything, but with the X-MEN vs Avengers Movie that been going on in this community, and since you are a fairly new account, makes me wonder if this is a sabotage attempt. I could be wrong, but things have been weird lately going back and forth of different group buys... lol

jpoker272727

legendary

Activity: 1137

Merit: 1000

Quote from: Longsnowsm on May 03, 2017, 03:00:46 PM

Quote from: jpoker272727 on May 03, 2017, 02:45:18 PM

Quote from: DaChronic on May 03, 2017, 02:31:07 PM

Put me down for 38 units.

LOL, too good to be true.

Kilo, I just made some calculation and seems that this is very profitable based on calculation here: https://www.cryptocompare.com/mining/calculator/dash?HashingPower=10.8&HashingUnit=GH%2Fs&PowerConsumption=850&CostPerkWh=

This is ROI within a month (by not calculation the electricity), or there is a mistake here?

If in any case there is only one left then I will re-think and maybe order one.

If iBelink really is building and shipping 3000 units you can throw out all all the calculations for ROI. Diff is going to the moon, profitability is going to crash. The only thing you can do is guesstimate what might happen.

If we were to get some of the first units and started mining like crazy we might see an ROI in 6-8mths IF we are lucky. I suspect it will quickly go out beyond a year and will be like trying to mine BTC. Only shot is to get one of these early. If you pick up one later the chances of ROI look pretty grim.

Of course that all assumes that these units hash at the advertised rate, which so far the limited look at the one that was online was quite a ways off from the advertised rate. I am not so sure this thing is ready for prime time. I would like to see some more data from the miner.

I didn't think about hash difficulty that would be increased automatically because of this, and it's absurd for them to sell these asics if the ROI is 1 month.

If it becames like mining bitcoin then dash mining would be dropped a bit and especially from those that have mining for a long time with small asics.

Topic: iBelink DM11G - Group Buy - Cancelled (Read 5721 times)