Topic: Novello Technologies new Mining System Project, prices as low as $0.3/GH - page 5. (Read 40562 times)

ASICMiner?

Anyone still not convinced this a scam?

OP has written a short novel worth of vague evasive answers.

Tons and tons of claims and literally not a single peice of evidence.

This "ipo thread" consists entirely of 50% bold unsubstantiated claims, 25% self contradiction, and 25% ignorance regarding bitcoin/mining.

Even if this "team" is capable of designing/producing such an asic, they have demonstrated extreme incompetence on the business/PR side of things.


My final evaluation:

90% chance it's a scam
5% chance it's a real company which fails to deliver anything
4.9% chance this company delivers underperforming/delayed hardware

0.1% they deliver on time/on spec (being optimistic here)

Again you're probably right, but over what timescale? At roundabout 990PH the electricity cost - even at 4  cents per kWh - is the same as the amount earned (at Btc = $500). If you have any other information relevant to this that you'd like to share with us, we'd be most grateful. Not to use against AM, I hasten to add, they have ever right to exist and make money the same any other asic companies. i did like their new and the concept, it's a real shame that it didn't come in at the planned power specs. Still, they have plenty of time to take another pop at it.

Has there been one ASIC delivered on time, as promised? I'm not joking. Has there been?

I think you should assume 1400-1600 pt produced by AM.

I think you should assume 1400-1600 pt produced by AM.

Probably true. Just felt that it might be worth throwing out there.....

Did you get a chance to look at my reply to your query about AM? We're very interested in getting feedback on the whole network growth scenario

You haven't been on online forums much I take it.
We all went through same epiphany at one point or another.

I know this is going way off topic, but I thought it might be worth putting up.

In many of the threads on this forum, including ours, many posters use what I can only describe as repugnant language, and constantly deliver insults and accusations to those that don't agree with their point of view, and encorage others to do so. This behaviour is not unique to this forum, of course, it happens in many other on line forums, and is in effect bullying by proxy. Many young people have taken their own lives because of it throughout the world, and that's a terrible indictment on the state of our society.

I previously was a volunteer with the UK Samaritans, it's a unique charity set up to provide people in distress a means by which they can talk to someone at any time, night or day and they will listen to them. No judgement and importantly, no advice, it's just someone who will try to help the caller come to terms with their situation. It's all done by phone, and it's free to call them.

In recent years the amount of people calling them about cyber bullying has rocketed, and that's very sad. It's difficult to deal with, particularly amongst young people. Now there are clearly a lot of younger people on this forum, and I'm not suggesting for a moment that any of them are at the stage where they want to commit suicide, but constant bullying by other community members can have a damaging effect on a young mind.

Now I'll publicly say to all the trolls, shills, oafs and wanabee cyber bullies that inhabit this forum that you can send whatever hateful messages, insults and insinuations you can dream up to me or to our company all day long, it's water off a duck's back because we've probably heard it all before and will do again. We're fair game, and we're adults.

But to other forum members I'd ask that you might consider carefully the language you use towards other members in your communication - you have no idea who is on the other end, and think about how you might feel if you were spoken to that way. Remember that as  community we are viewed by outsiders and the way we conduct our communications in our forum does not always give the right impression.

Any intelligent person enjoys a good, open discussion or argument. You can argue your point and put it across in a polite manner, and it will carry a great deal more weight if you do. It will earn you far more respect than threats and putting people down.



 

Long time listener, first time caller.

My view is that the people calling "scam" / "fail" etc, are the ones who shelled out big money for BFL rigs and KNC rigs, that have been nothing but headaches. They paid HUGE pre-order prices, saw KNC and BFL mine with their money and are disgruntled. Now, they are playing the extreme skeptics and naysayers.

This is an opportunity for a start up company, to be funded and prove its product. You KNOW right up front, that you are FUNDING this project (and not Josh's new house bought with BTC or KNC's data center) and you get a product out of your support. All these "pre orders" have been much different than this offer. These guys are transparent and TELLING you the roadmap to their product. How many other scammers can you list that have been this transparent? Please list them with details of their proposals.

I am in no way associated to Novello. I have contributed 500 to the project.

So, if you aren't here to support this idea, please go be cynical somewhere else that has PROVEN being scammers with their lack of delivery on their promised delivery dates and sent out miners full of used and broken parts.