Topic: ntek 1.2th/s miner? - page 5. (Read 27942 times)

Dude  I am sorry to say but this looks like you have been BFL'd by Ry and his nTek miners. 

I am sorry for your loss and all other miners that purchased from them.

I have been burned myself a few times. Just for  less then you.

Dear Ry,
We wait since more than 3 months now !
It is really time to deliver your promises, ROI payback and mining !
3 months, it is long. We all need to make our money back and more.

Please, a true timing now.

Stop talking, start delivering.

Thank you.

Hi Steve,

Yes...good news!!! Will be shipping soon. More details to come soon.

Just been quiet because been working on so many things in the background to be able to give amazing new options to you and the other 20 or so existing customers.

You are not going to believe it but we can provide the same miner design with the new A2 chip that can mine 90Mh/s in a single box for Scrypt. That is about $150/day in Litecoin so each box can ROI in less than 3 months. That is like the opportunity we had with BTC in December/January because the Chinese flooded the market.

I can tell you though that things are changing because China cannot use BTC anymore. They are looking for new ways to continue in the digital currency space.

Let me know if your interested in seeing a live demo over Skype Video or Facetime on an iPhone of one of the Scrypt miners running. I have a 32 chip one here running as a demo. I can get those miners pre-built at the factory in China within just a few days. This can help you get an ROI and also help us make back money lost from Bitmine's screwups since January.

Good news is that we have fully working design now. Please post to the public forum just so people are not wondering.

Are things okay on your end?

Best,

Your friend Ry ;-)



Got this message from Ry on the weekend and just reposted it for everyone to see
                                                                                                            Steve

No new news? anything at all? a release date or something,anyone on the list get one of these miners yet? it's been a couple of weeks since the last update hope there are no new problems?

gallery2000, you already requested a refund to your credit card and according to our records it was issued. Orders: # 1032 and 1047  have been refunded. Please check with your credit card or bank and you should see that they were refunded.

I'm a first batch buyer as well,and it hasn't been easy investing in nTek in Jan and seeing what i thought were better deals go by me in the last few months but it all looks like the right thing to do now with the ROI Ry is offering,plus the miners look better than all the ones I've had so far(BFL,KNC) you can't bet that.It will all come together soon i hope,Patience is a virtue my momma always told me.

Hi,

I am a first patch customer.  When will I get my miners?  Thanks.  You are welcome to send me the 2.4TH instead of 1.2TH of you like.

Thanks Steve!

nTek's focus is still and will continue to be the miners sold to existing customers from the first batch. The 2.4Th/s nTek miners are made up of two modules in one case so we are not really designing a new product but rather just pushing the space and power capabilities of the design by adding more chips. We wanted to show how the modular design can adapt to the Bitcoin market. Twice as much mining power in one case takes up the same amount of space in a datacenter but with 2X or more hashing power.

We are getting the new PCB design back near the end of this week and as long as updated Hash Unit design checks out good in the bench tests, then we will be able to move to full production of the first batch immediately. While making these design changes has been tough with the extra time we feel it will be worth it in the end to have Hash Unit boards that are of better quality, can be pushed further to the peak limits of the A1 chips and will last a lot longer than other miners on the market now.

(SSJCOW) That is exactly what we are going for. Quality over "quick and cheap." Thank you for the support and words of encouragement.  ;-)

Hi,

Are my miners ready to deliver?  If not, when?

Those new miners look like (ssjwcow) something Steve Jobs would come out with,keep up the good work Ry

Doesn't really matter, in 4 - 5 months they will use more energy than they are mining anyway.

Copy of email sent to customers as an update on April 11, 2014



Hello,


A few people have asked for me to calculate out the amount of Bitcoin they will end up getting through the nTek ROI agreement for each day the miners are delayed.

Please use this simple spread sheet to calculate the ROI compensation for your two order dates:
https://docs.google.com/spreadsheet/ccc?key=0AqKRhsHRUZTodE4tSWctSWlya0huZ01iQmZlbmdtVlE&usp=sharing

Also I am calculating it for you here AS AN EXAMPLE of an order that was placed on January 30th, so you can see exactly how the calculations work. Please fee free to make a copy of the spreadsheet above from Google Drive and use it to track the BTC ROI for your exact order date.

Order # 1075: placed Jan 30, 5:04pm  8.36079989 Bitcoin from Jan 30 through April 11   (NOTE: if you want me to calculate out the ROI for you then please send me a request through email)

NOTE: Please See Google Doc above as the formatting of this chart is a bit strange when pasted in without highlighted cells.

1/30/2014   2621404453   0.23021546      MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   
1/31/2014   2621404453   0.23021546      14   
2/1/2014   2621404453   0.23021546         
2/2/2014   2621404453   0.23021546      Days   
2/3/2014   2621404453   0.23021546         
2/4/2014   2621404453   0.23021546      plus   
2/5/2014   3129573175   0.19283391         
2/6/2014   3129573175   0.19283391      3-days   
2/7/2014   3129573175   0.19283391         
2/8/2014   3129573175   0.19283391      S+H   
2/9/2014   3129573175   0.19283391         
2/10/2014   3129573175   0.19283391         
2/11/2014   3129573175   0.19283391         
2/12/2014   3129573175   0.19283391         
2/13/2014   3129573175   0.19283391      17 days total   
2/14/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/15/2014   3129573175   0.19283391         
2/16/2014   3129573175   0.19283391   <-------------------------   MOVE THIS BLOCK UP/DOWN BASED ON ORDER DATE   Start calculating on this day!
2/17/2014   3129573175   0.19283391         
2/18/2014   3129573175   0.19283391         
2/19/2014   3129573175   0.19283391         
2/20/2014   3129573175   0.19283391         
2/21/2014   3129573175   0.19283391         
2/22/2014   3129573175   0.19283391         
2/23/2014   3129573175   0.19283391         
2/24/2014   3129573175   0.19283391         
2/25/2014   3129573175   0.19283391         
2/26/2014   3129573175   0.19283391         
2/27/2014   3129573175   0.19283391         
2/28/2014   3129573175   0.19283391         
3/1/2014   3815723799   0.15815815         
3/2/2014   3815723799   0.15815815         
3/3/2014   3815723799   0.15815815         
3/4/2014   3815723799   0.15815815         
3/5/2014   3815723799   0.15815815         
3/6/2014   3815723799   0.15815815         
3/7/2014   3815723799   0.15815815         
3/8/2014   3815723799   0.15815815         
3/9/2014   3815723799   0.15815815         
3/10/2014   3815723799   0.15815815         
3/11/2014   3815723799   0.15815815         
3/12/2014   3815723799   0.15815815         
3/13/2014   4250217920   0.14198985         
3/14/2014   4250217920   0.14198985         
3/15/2014   4250217920   0.14198985         
3/16/2014   4250217920   0.14198985         
3/17/2014   4250217920   0.14198985         
3/18/2014   4250217920   0.14198985         
3/19/2014   4250217920   0.14198985         
3/20/2014   4250217920   0.14198985         
3/21/2014   4250217920   0.14198985         
3/22/2014   4250217920   0.14198985         
3/23/2014   4250217920   0.14198985         
3/24/2014   4250217920   0.14198985         
3/25/2014   4250217920   0.14198985         
3/26/2014   4250217920   0.14198985         
3/27/2014   4250217920   0.14198985         
3/28/2014   4250217920   0.14198985         
3/29/2014   4250217920   0.14198985         
3/30/2014   4250217920   0.14198985         
3/31/2014   4250217920   0.14198985         
4/1/2014   4250217920   0.14198985         
4/2/2014   4250217920   0.14198985         
4/3/2014   4250217920   0.14198985         
4/4/2014   4250217920   0.14198985         
4/5/2014   6119726089   0.09861353         
4/6/2014   6119726089   0.09861353         
4/7/2014   6119726089   0.09861353         
4/8/2014   6119726089   0.09861353         
4/9/2014   6119726089   0.09861353         
4/10/2014   6119726089   0.09861353         
4/11/2014   6119726089   0.09861353         
TOTAL:   8.36079989   BTC      


For each additional day we are late you will receive more BTC ROI based on the chart in the Google Doc above. I will keep updating this chart as soon as the difficulty on https://bitcoinwisdom.com/bitcoin/difficultychanges.

We are getting very close to having all the issues worked out with the PCB design as explained in my last email update. I can assure you we have an amazing team working to make sure the nTek PCB design we ship has the capabilities to go much
further than other Bitmine A1 Coincraft miners on the market. None of them have been able to figure out how to go past 1.2Th/s per 40 A1 chips. With our unique cooling system and expert firmware engineering team
we are confident that nTek will soon push the boundaries of Bitcoin mining to new levels.

Please let me know if you have any other questions. Please keep in mind that if I do not respond for a few days I will still get back to you ASAP. We are head deep in making sure we are moving forward as fast as possible so and I promise to do my best to respond in between doing my part on the team management.

Thank you for believing in us and we look forward to providing you with the best cutting edge technology for your crypto currency mining for a long time to come!

Best Regards,

Ry

Can't wait to see these things hash over the A1 standard are there in the wild yet nTek or some vids on it going over the base rate?
Posted from Bitcointa.lk - #xu7xaJScTFLa6Es8

I worded that wrong, no not eveything that is manafactured in China is cheap garbage because like what Ry said alot of name brand top quality electronics are produced there.  And yes the Avalons and AsicMiners (the originals, not knockoffs) are good quality miners but these new generation 28nm miners are being rushed out to the large empty gap in the miner industry by skipping quality control practices and using cheap refurbished components to cut costs.  So naturally they are taking the market by storm with being readily available and at a cheaper price but what you are getting is a cheap product(you get what you pay for) whose cheap components will most likely burnout on you.   

There is nothing wrong with products made in China. In fact I will admit that some of the manufacturing factories in China especially for PCB's run a much tighter ship than PCB builders in the USA. We even tried to work with a PCB builder in California from the start but found ourselves having problems with them that caused mistakes and lost time.

As everyone knows iPhones and the rest of Apple's amazing products are all manufactured in China. Headstrong97 was not trying to make the "American made vs. China." I think we all know that is an old misnomer from the 90's when many adults in America made a big stink over only buying American made cars. We all know that German and Japanese cars last much longer than many of the cheaper GM and Ford cars for example.

I think what Headstrong97 was just saying is you can buy cheap products anywhere and you can buy quality products anywhere too. There are cheap TH/s miners coming out of China and I am sure there are good ones too made with better parts.

The only thing that really matters is the quality. It is not comparing apples to oranges to say a $3000 miners is the same as one made with much higher quality parts that cost $6500 or more.

You have to ask yourself if something cost one company several thousands more to build then how is that other company selling supposedly the same thing for so much less? Some people want to buy a product that is well made and using only the best components from known reputable parts distributors and others want a product that feels like they are buying an Apple Macbook. If you do not care if the miner will get extremely hot, be super loud, and most likely never get over 1.1TH/s then I am sure the cheap version will make you happy.

However if you want something that is much more likely to get to its peak hashing potential. Has some really talented software and hardware engineers behind it to provide support etc...

Also please stay tuned to what we will be able to offer once we get our first batch of nTek miners delivered. Because we took the time to really work out an amazing cooling system we are much more likely to be able to reach the peak potential of the A1 chips.

Copy of email sent to customers as an update on April 5, 2014

Hello,

First off please excuse me for not sending out an updated newsletter recently. We have been keeping very busy working to get the nTek miners ready as quickly as we can. I have been spending a lot of time doing my best to be as responsive as possible to any customers who directly contacted us with questions. However, I feel it is important to send out this group message to make sure anyone who has not been in contact will know the latest status.

We have really great news; this past week, through some colleagues in the supercomputing community we have been able to get the help of Troy Benjegerdes http://bitspjoule.org/troy/resume.html
Troy worked at Cray and IBM and was introduced to us as the best of the best at firmware related to processors. He even wrote the first Linux firmware for the PowerPC cpu from IBM. This last week while Troy was working with us we were able to find a design issue on the Hashing PCB. This means we can correct it still since the PCB's are in the process of production but luckily it was not too late to pause production at the factory just for a short time while Troy our team debug and then thoroughly test the optimization. The key part we learned from this is that we are confident that we will be able to push the A1 Coincraft ASICchips much further with more hashing power.

In combination with our unique patent pending heatsink and cooling design I am excited to see what the full production systems will be able to do!
All along the way since we started on this project we have strived to make sure we will ship a top quality product. We have had our fair share of delays but we are now very close to having our own 10-chip A1 ASIC hashing board design that after all this hard work and time will be well worth it. No one else on the market has a 10-chip A1 based design and even more importantly no one has spent the kind of time and effort required to properly cool the A1 chips.

Please see the attached photos showing the latest design of the Patent Pending nTek ASIC cooling heatsink assembly. In March we experimented with using 3M high quality thermal pad material but even that was not something we felt comfortable using to get the best performance. Instead we sent the heatsink assemblies across town to a metal plater for a high quality anodized finish. With this high quality aluminum and the anodized finish we experimented with several heating and cooling tests and found that having less barrier between the perfectly flat bottom of the PCB and the heatsink helps transfer the heat much better. The anodized finish is non-conductive as well which is very important to reduce EF interference or shorting with the board.

IMPORTANT: ROI Compensation Agreement:    LINK TO ROI AGREEMENT https://drive.google.com/file/d/0B6KRhsHRUZToRURDaTNJbXo1Qm8/edit?usp=sharing
Please see the attached ROI agreement. I understand better than anyone how difficult these delays have been with the rise in the mining difficulty and the strange things that have happened in the Bitcoin industry so far this year. I want to make one thing perfectly clear; nTek has not been mining either and we had planned on keeping just a few extra miners ourselves from this first batch. There has been some confusion because the ROI agreement states that we will compensate customers from an nTek mining cloud. That mining cloud does not exist yet and will only be built from the next batch of miners. We are not a gigantic mining hardware company like KnC or BFL's and we are not going to build a pool that would in any way compete with customers mining themselves. That would just simply not be possible because the size of the Bitcoin mining network is way to large.

We are striving to go above and beyond other mining hardware companies and that is why we are giving the attached agreement with a plan to compensate you for the lost Bitcoin from the time you expected to get your miner(s). In fact you will be getting more Bitcoin in the end because we are covering the electricity cost in the mining used for this compensation. Please carefully read the agreement and do not hesitate to ask any questions if any of the terms are unclear. We are open to taking suggestions on how to refine the final version that will be distributed to all customers.
In addition if you did purchase a miner originally and already received a refund we are making a one time offer right now to be fair and allow you to take advantage of the ROI agreement if you would like to re-purchase the miner(s) you got refunded for already. The re-purchase will have to be at the same price you originally paid because the compensation for the Bitcoin from LMT (lost mining time) will be a more than fair option when you do the math. Let me know if you would like me to send the calculation based on the original date of your order.

Response to TH/s Miners Flooding Market from China:
Many people have asked or mentioned in the forum about why our prices are higher than the TH/s miners coming out of China that are using questionable A1 chips. We happened to come across some very interesting information while working with a reputable PCB manufacturer in China who does a lot of work for large American electronics companies. The cheap Chinese miners that have recently flooded the market are using very low quality refurbished parts. They almost certainly are using DC/DC converter components that are not genuine and will burn out after not that long. This could even cause the difficulty rate that jumped so much recently to drop when those cheap miners start burning out. We learned about how these cheap DC converter components over in China are refurbished with bad IC (integrated circuitry) because some vendors over there tried to sell us the same kind of parts for 1/5 the cost of the genuine parts. We made the decision to only use genuine Linear Technologies parts http://www.linear.com/ while the same kind of part is sold in China for much less for a reason. Even some name brand Graphics Cards (GPU's) on the market have been known to have DC converter parts burn out very quickly and it is safe to say they are also cutting corners and playing a numbers game. Those big GPU companies are happy if they sell 50,000 GPU's and only 1,000 of them burn out.

Asking ourselves WWSJD (What would Steve Jobs do?) we know companies like Apple would only buy top quality genuine parts. As the founder of RevUp Render, Inc. and nTek Computers I would be extremely happy if someday we could have a long term reputation similar at all to Apple. This is why we are asking right now, what is the right thing to do and what will people remember several years from now when they look back at what BFL's, KnC and these other companies. My hope is that they remember that we are doing the right thing for our early customers and not excepting to deliver a sub par product just to save money right now.

If it means we have to do something that some people have said I am crazy to offer to the early customers but it allows you to see that we are in fact different; then I am happy to present this ROI agreement to you. I hope it sets a new standard in the mining hardware industry later on.
Lastly, I know it is not right to say the miners will begin shipping next week once again because I said that last time. I honestly did think our board design was completely ready. We have been fortunate to get someone with the kind of experience that Troy Benjegerdes has on our team. The fact that we caught the PCB layout design changes that will take a short amount of time to fix now but save much more time later on. Hashing power is time and the more we can squeeze out of each A1 chip later on by having the PCB layout perfect simply means that Troy will be able to optimize the firmware for the A1 chips and push it further.
 
I know you all want to just know the exact shipping date now. Please give us until next week to continue to flesh out the bench testing so Troy and the rest of the team can figure out the best design change to improve the power flow across the board. Since we are working with the top of the line PCB factory in China and not the same kind of place over there that the cheap TH/s miners are coming out of, we are already ready to continue production. Things will move very fast once we confirm the design and I promise to give an update early next week and through the week as we get closer.
 
This is a long email update, but I missed the recent ones so I am packing a lot of information into this message. I greatly appreciate your time to read through our progress and updates and I am happy to answer any questions or concerns you have.
Sincerely,

Ry
---
nTek Computers

Let me guess you're not the owner of an all American made miner? I can tell you this..almost all of the first asic miners came from china over a year ago and they're still hashing away. Avalon, ASICminer, and almost all of the chips for most other mining companies come from china. I agree it would be nice to support our great USA, but I'm not sure there is a reliable miner producer here? As far as the maker of the the miner mentioned in this thread..well they haven't produced a miner yet for the orders and even when/if they do it'll be made with chips from some far off land. So I'm not sure what you have against Chinese miners, but for the money I can buy 3th compared to the 1 supposed TH here.

Let me guess, your the owner of that Chinese made garbage?  Look through the threads, many customers of the NEW S2 ant miners are complaining of issues already regarding poor design and defects.  You'll also find complaints regarding faulty boards and poor components in the LKETC miners (aka DragonMiner).  Yes they are cheap and yes they are hashing away at this moment but I give each one of these miners a 2-3 month lifespan at the most.     

Haha! Right! Are you buying one of those super american made mythical Ntek miners?

I think everyone should purchase the cheap Chinese miners, because when those puppies burn out the difficulty level will drop tremendously.............