Topic: New 2018 asic miners 28TH maybe soon (Read 773 times)
This reeks of a Ponzi scheme mixed with a sketchy ICO. If they had such a miner, they would be selling it for thousands of dollars and be selling out. But instead you have to buy their token and use the token to pay them to mine for you? No thanks...
I knew I had seen that board before. The picture on the main page is the same photo used to show off the supposed GMO 12nm BTC ASIC boards.
GMO article with the supposed 12nm GMO board
https://www.gmo.jp/en/news/article/?id=764
Scroll down to where it says "ADVANCED MINERS ASIC AM-12" and look to the right.
https://advancedminers.io/
Not sure why either are showing a board with a SoC in the middle?
My gut tells me that if people do try to exchange the token for their 12nm 28TH/s at (if the English version is correct) 1200watts miner they will just get a Bitmain S9 or even worse the Whatsminer with the stickers peeled off.
Also, in their material they say that they have only invested $1M to date, they have their own 12nm model and that they will have a 7nm prototype in June.
I am not hating on the ICO approach. I really think that is really one of the only solutions that could keep Bitcoin Mining Decentralized using the right token model. There are people in Wyoming
doing this the right way. https://hackernoon.com/our-decision-to-become-a-wyoming-utility-token-43856212a5ac
Even if we assume their intentions are good, they didn't have to put all of the easily verifiable misrepresentations and the extremely optimistic numbers. Also, another give away is that they don't have a single technical person on the team and they have 12nm and 7nm down. Both feasible, but only with the right people in place.
GMO article with the supposed 12nm GMO board
https://www.gmo.jp/en/news/article/?id=764
Scroll down to where it says "ADVANCED MINERS ASIC AM-12" and look to the right.
https://advancedminers.io/
Not sure why either are showing a board with a SoC in the middle?
My gut tells me that if people do try to exchange the token for their 12nm 28TH/s at (if the English version is correct) 1200watts miner they will just get a Bitmain S9 or even worse the Whatsminer with the stickers peeled off.
Also, in their material they say that they have only invested $1M to date, they have their own 12nm model and that they will have a 7nm prototype in June.
I am not hating on the ICO approach. I really think that is really one of the only solutions that could keep Bitcoin Mining Decentralized using the right token model. There are people in Wyoming
doing this the right way. https://hackernoon.com/our-decision-to-become-a-wyoming-utility-token-43856212a5acEven if we assume their intentions are good, they didn't have to put all of the easily verifiable misrepresentations and the extremely optimistic numbers. Also, another give away is that they don't have a single technical person on the team and they have 12nm and 7nm down. Both feasible, but only with the right people in place.
Image is a poorly photoshopped Whatsminer M3. They did a bad job editing out the logo. Controller and other sticker placements are the same.
You're right, lol I just realised this when I now looked at the website.
If it is only a product which they resell or offer for a cloud mining service,
they should definitely change the way they show it at the website and mention really clearly that it is not their product, it is WhatsMiner M3.
Image is a poorly photoshopped Whatsminer M3. They did a bad job editing out the logo. Controller and other sticker placements are the same.
Im here to give a healthy dose of skepticism for this “project”
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
yeah most likely not a viable option.
Honestly, If I was able to really make this I would go the GMO route and just mine BTC myself
Brand new company magically makes 26TH/s miner without zero demo and expect people to buy into a 32m ICO?
Im here to give a healthy dose of skepticism for this “project”
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
yeah most likely not a viable option.
Im here to give a healthy dose of skepticism for this “project”
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
There are 10nm architectures already out. The claims are outlandish. ICO as well? How much more scammy can this get?
Keeping my eye on this project, and the orion miner project and any other ASIC announcements, but yes ICO effort does raise a red flag...
*EDIT* - reading back through this website, it appears that the company https://advancedminers.io/ looks to be selling a token for buying / selling hash power , and says they have a miner that operates 28TH , and that they can be profitable even if BTC goes down to $2000 USD value ... And you can buy hash power with tokens ... I don't see that they specifically say that they will be selling the ASIC hardware.
Another red flag is that the links (Inc, Forbes, etc... publications) don't work, or link to multiple other articles.
A 3rd red flag is the implication that there is value in buying the presale token because it will be worth more on exchanges ... "During the presale, you can buy our Token at $0.7, that means you'll have 50% discount of final ACM token price when selling it on exchanges with price $1.4 You have discount 35% extra at Main Sales Token with cost of $0.9. We have also bonuses that gives you extra Token....."
Also in the press release shared on multiple sites, there's this gem ...
"Advanced Miners is a real company which was founded in 2016 ...." haha
Press release links : (identical)
https://coinidol.com/advanced-miners-announces-ico/
https://www.coinspeaker.com/2018/04/20/advanced-miners-announces-release-ico-asic-12nm-chip/
*EDIT* - reading back through this website, it appears that the company https://advancedminers.io/ looks to be selling a token for buying / selling hash power , and says they have a miner that operates 28TH , and that they can be profitable even if BTC goes down to $2000 USD value ... And you can buy hash power with tokens ... I don't see that they specifically say that they will be selling the ASIC hardware.
Another red flag is that the links (Inc, Forbes, etc... publications) don't work, or link to multiple other articles.
A 3rd red flag is the implication that there is value in buying the presale token because it will be worth more on exchanges ... "During the presale, you can buy our Token at $0.7, that means you'll have 50% discount of final ACM token price when selling it on exchanges with price $1.4 You have discount 35% extra at Main Sales Token with cost of $0.9. We have also bonuses that gives you extra Token....."
Also in the press release shared on multiple sites, there's this gem ...
"Advanced Miners is a real company which was founded in 2016 ...." haha
Press release links : (identical)
https://coinidol.com/advanced-miners-announces-ico/
https://www.coinspeaker.com/2018/04/20/advanced-miners-announces-release-ico-asic-12nm-chip/
The ICO part turns me away from this more than anything, and the picture of their miner on the page you linked is extremely low quality and grainy. I like new miner developments, but there's just very little information about these miners out right now and whether or not they're actually real, and I don't trust ICOs much at all (GMO comes to mind with miner ICOs). I guess time will tell if this is legit or not.
My sentiments exactly.... I don't trust the fact that they're running an ICO, i don't trust the fact that they try to lure in new buyers with a 50% bonus for the pre-sale, i don't trust the fact that without the bonus they predict a 3 month ROI on the smallest investment.
But you're right: only time will tell if my gut feeling was correct on this one
It is a wait and see but would shake the game up if it does 28th at 1300 watts. My thoughts are we won't ever see 0.05 watt gear.
The limits will be in the 0.06-0.07 range on any gear made
The limits will be in the 0.06-0.07 range on any gear made
The ICO part turns me away from this more than anything, and the picture of their miner on the page you linked is extremely low quality and grainy. I like new miner developments, but there's just very little information about these miners out right now and whether or not they're actually real, and I don't trust ICOs much at all (GMO comes to mind with miner ICOs). I guess time will tell if this is legit or not.
Update: Apr 26, 2018 I know something was said back in Sep 2017 it seems it might be coming soon with 12 nm chips.
https://verifiedtopics.com/advanced-miners-announces-the-release-of-its-ico-with-asic-on-a-12nm-chip/
https://www.youtube.com/watch?v=-arEzq9GoWU
kind of nice if this is true buying one of these bad boys at a S9 price with the same power usages as a S9 from Japan, which make things even more interesting being japan is a free nation and that will matter a lot over china .
To me this will force china to be accountable for there mess lower prices etc .. if this is true. and the main mining will no longer be china based .
Advanced miners web site .
https://advancedminers.io/
https://verifiedtopics.com/advanced-miners-announces-the-release-of-its-ico-with-asic-on-a-12nm-chip/
https://www.youtube.com/watch?v=-arEzq9GoWU
kind of nice if this is true buying one of these bad boys at a S9 price with the same power usages as a S9 from Japan, which make things even more interesting being japan is a free nation and that will matter a lot over china .
To me this will force china to be accountable for there mess lower prices etc .. if this is true. and the main mining will no longer be china based .
Advanced miners web site .
https://advancedminers.io/
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