Topic: nTek Computers | World's Most Powerful Bitcoin Miner - 2.4Th/s (to 3.2Th/s) (Read 4174 times)

As a quick update...Everything is still going according to plan. We will have the first batch of A1  (1.2Th/s or greater) nTek miners delivers and or online before the end of May. We will also fully honor the ROI agreement that was shared here openly.

We are nothing like BFL as we are offering ROI compensation to our customers well before they ever even asked us for this. We are nothing like KnC who tried to convert the hardware orders to cloud hashing only if you agreed to not getting the hardware in return. In fact we are still going to deliver all miners to the small batch of first customers and in addition give the ROI compensation detailed on our Blog and this forum. We are delivering both so for anyone to say we are like BFL, KnC, HashFast is not accurate. I understand we must prove this so we will soon be doing just that.

I can see already some new Scrypt miner companies sprouting up and using this same model of offering ROI compensation if they have any delays of delivering. This is great to see that taking a big step like this has helped others in the community see that the digital currency hardware industry does not need to be the way it has. The companies that will survive through all the stuff going on now with drop in BTC value and rise in difficulty will ONLY be the companies that innovate. Innovation will come through new ways of using digital currency and it not being just about money alone but rather what can people can do to improve other areas of life, science, health, the environment etc...

Our main goal is to prove to our small group of early customers and the rest of the community that mining hardware sales can be done differently. Once our first batch is out we will move towards in "IN STOCK" policy but still keep the ROI agreement for larger orders only when necessary. There will be no more pre-orders and I hope this sets a new precedence for the rest of the industry. We never intended for this to be anything like a pre-order. We went off of what Bitmine.ch told us in January that we could take their PCB design and have a working miner within a week from PCB builders in California.

Eventually we had to redesign the PCB completely but in the meantime it was not fair to our early customers who paid in January at the value of 1.2TH/s back then. $8500 was a fair price for 1.2TH/s in January but of course it is not now...This is why we offered the ROI compensation agreement because it makes that higher cost paid in January go down really low. Many of the early customers are in fact going to received more BTC then what they paid for the miners originally. For other customers who did not want to wait when we first offered the ROI agreement in March; they were given refunds.

Again sorry for not giving a public update recently but I just wanted to let everyone know that we are still working hard and nothing has changed or will change with the plan.

Feel free to post questions here so I can reply to the group all at once. Makes things easier...

Thank you for reading!

Ry

If you want to go even lower, you can get 1 TH/s for $2350 including shipping here:

https://bitcointalksearch.org/topic/worldwidebitmine-950-ghs-1500-usd-next-day-delivery-409701

They even use the same A1 chips Ntek uses!   

Pricing still not competitive enough bud.  If your company can't get even in the same ballpark as this group buy:

https://bitcointalk.org/index.php?topic=575499.0;topicseen

No one is going to touch your products at retail price.  Not. A. Damn. Soul.

I also wanted to add a link to our blog so everyone can see the actual hardware we have been designing, building, and testing and to prove that the nTek 1.2Th/s miner is close to completion:

http://ntekcomputers.com/blogs/news

Thank you for the comments on our rendering abilities. We did NOT hire any outside consultants to make the 3D renderings and the animation. Several of our team members are experts in 3D design technology so we thought we would put those skills to the test to show how the innovative nTek cooling system works and why it is so unique.

We also put a note on the animation stating that it is digitally rendered as a disclaimer. Sorry for the confusion, we should have made a note on the original forum post. Our design team appreciates your comments though! ;-)

We have been building the nTek miners now since January and have gone through multiple board iterations.

The expected Cost and Shipping Timeframes for delivery have now been updated on the product pages.

http://ntekcomputers.com/products/1ths-asic-bitcoin-miner-1000gh

http://ntekcomputers.com/collections/bitcoin-asic-miners/products/ntek-2-4th-s-28nm-asic-bitcoin-miner-3-200gh-s-in-turbo-mode

Please understand that these are conservative shipping timeframes. We are very close to having the 1.2Th/s miners ready to ship and the 2.4Th/s miners are two two of the same nTek 28nm ASIC modules. Same design and form 4U chassis form facter but with 80 A1 chips instead of 40.

We wanted to show what we are working on so we made the immediate announcement of the full (dual modules) 80 chip miner. Prices will of course be adjusted in the future as we streamline production and to also stay competitive with the market.

The current prices posted are based on the high quality of design and craftsmanship that has gone into our product. We are striving to set ourselves aside from others in the Bitcoin mining hardware industry. This is why we offer the following:

-Higher Quality Products
-Safe Credit Card Sales (protected with a 100% money back refund guarantee)
-Refunds to anyone who asks
-nTek ROI agreement (see our blog for details)
we are paying back the LMT (lost mining time) for our early customers from the first batch from the time their order was expected to the time it is delivered. BTC compensated based on difficulty rate per day and we are covering the electricity cost so each customer that did not take a refund is getting more BTC than previously expected.

We can also offer a partial (down payment) option of 40% paid at the time of order and the remaining 60% due when the units ship.

Please feel free to ask any questions or express any further concerns. nTek Computers appreciates your positive feedback.

Sincerely,

nTek Computers

@nTek, I would gladly accept and do a review of your units when they are available.

This is about the stupidest thing ANY company would do and the sentence basically summarizes all the crap we're getting from incompetent bitcoin companies like BFL, HashFast, etc..

Here is a tip: If you are serious about your business, then please try to learn from those companies before you that succeeded and failed, because we as a bitcoin community have indeed learned our lessons.

just my 0.002 btc

After seeing many 3rd party A1 boards, you never quite know how they'll turn out. Those chips are horrific to try and remove heat from.

Wouldn't it make more sense to wait until you have an idea of how much it will cost you to build one of these before you advertise a price? 

Just wanted to chime in and say that the current price listed for the 2.4Th/s nTek miner is set high right now because we are currently working out some details for the production cost. We are getting the latest prototype PCB's back this week and will be able to better test the cooling system. Worst case scenario we will need to use liquid cooling on the top of each A1 chip.

Based on further testing we may likely find that liquid cooling is not needed on the top of each A1 chip. Also our engineering team is working on a new design based on liquid cooled copper heat pipes and aluminum heatsinks adapted to the top of each A1 chip. Over the next week we will have a much better idea of the price to add the liquid cooling to our current modular heatsink design.

Please PM me if you are interested in purchasing one of the 1.2Th/s or the 2.4Th/s miners. We do offer special pricing on units of four or more.

Lastly it is important to state that the Q3 delivery date is being conservative. The 2.4Th/s miner is based on the 1.2Th/s design and the only difference is additional power supplies and possibly liquid cooling on the top of each A1 chip. This means there is a good chance that we will be able to ship the 2.4Th/s miners much sooner.

Sorry, wasn't intending it that way.  I was just using it as a well recognized example.

You are correct this is about nTek.  I guess what i was really saying but in a non-efficient and roundabout way is that i think these units are too expensive and there are better, less expensive and more cost effective solutions out there. 

I will agree though that the design of the blades is really cool though...

CEX.io? Really... have we not all agreed to not use that as it consolidates way too much hashing power in a single groups hands?

Isn't this about nTek and not promotion of CEX.io as that is WIDLY off topic?

http://www.reddit.com/r/Bitcoin/comments/1uta1v/the_real_issue_is_cexio_not_ghashio/

I dont understand the reason to buy this (and others like it).

I can can get 2 TH right now on CEX.io for that price can't I?  Is my math wrong:

1.2 TH unit (1.6 TH in turbo which probably draws more power) = 8499.

So:

8499/$500 = 16.998 BTC

Current CEX.io price of .0085/gh so: 16.998/.0085 = 1999 GH

And if you use pbmining: 16.998/.0056 = 3035 GH..

It just doesnt make sense to me.  Am i missing something?

And if i am not..  Here is a link to where you can get 3 TH immediately for the price of the 1.2 TH unit:
http://pbmining.com?ref=robocoder

Disclaimer, this is my referral URL - please use if i just gave you a way to get more than twice the hashpower with no preorder.  All my money goes to ARF anyway..

I think they have always been acted in good faith, unfortunately the number of board respins, as Ben said, have caused the delays as the original design was flawed but they are trying to recover from that as best they can. Unlike BFL they are not refusing to compensate those waiting given the emails sent out. They are offering compensation for late delivery again if I am not mistaken and that is a proactive result of their failure to deliver on time unlike BFL who are being dragged kicking to court and even then they refused to pay out what they owe people. nTek exposure is a lot smaller than BFL and given that you can email Ry directly and discuss their problems as a customer they are nothing like BFL.

They've made a lot of promises before and not delivered anything. If not a scam they're at least a BFL-style preorder scheme, taking orders before they even have a product design.

That was a board that contained too many errors to warrant an attempt to fix it, thanks to the bad design they received from Bitmine.
nTek is now working with a newer design, and I will receive an evaluation unit the moment it becomes available.

ok see what happens. they did give a good discount offer on units in stock when i asked.

I will plug 3 of them. At home I'm running on 230V.

They sent an earlier prototype board to Ben Turas if I am not mistaken. I am sure they would send out working units when they have them to people who are representative and have a positive reputation for evaluation.

As for fast, faster, fastest remark or powerful, more powerful most powerful are we talking proposed or demonstrated? Does SpondooliesTech have the most powerful proposed miner in single unit 2U configuration at 5.4Th/s + or - 10% most likely they do? But really at this point that is meaningless when there are racks and racks and racks in huge farms right? How many people are going to be plugging in that 5.4Th/s at 2500W at home?

Isn't the Spondoolies-Tech SP30 Yukon the World's Most Powerful Bitcoin Miner at 5.4 TH/s?

http://www.spondoolies-tech.com/products/sp30-yokon

False advertising!