Topic: Official BITMINE CoinCraft series 28nm ASIC miners thread - page 151. (Read 565240 times)

To MrCaboose11,
Right, if your order is not confirmed, you have every right to cancel it at any time - you are not yet in contract with bitmine.

Thanks Zefir, i have respect for your answer, and I will just wait till more information is available.

Folks, please understand: until ~10 days ago I most of all have been a customer like all of you. I have 5k chips ordered for my Zeta.Mining company that were supposed to mine from early January but instead are still sitting in some safe and loosing value by the day - I know exactly how you feel. I already ran into refund window and could ask for refund+10% at any time, but I still think that chips will be profitable if I get them converted to rig soon. That's why I am disappointed to have missed a great opportunity - but I know the worst case outcome will be a +10% ROI.

Also please note: becoming board member did not change anything for me. I am 200km away from Bitmine offices and consequently an SSH tunnel to their network to develop the SW is the only additional link I have. I am not sitting in their offices and aggregating news to update the thread here - nor am I approved to do so. What you can hold me responsible for is the SW, and if you are some DIY developer you already know what you can expect from me.


So in short: you can not expect me to fix what went wrong in the past, whereas you can expect me to work on improvements. I can not promise to succeed, but I promise to do everything I can to reduce the disappointment on your side. I already have some hope-founded reasons to assume that the fear and hate in this thread will not last much longer.


That's for the small talk. Now for the facts.

If I am not mistaking, no products were shipped last week. The plan was like this:

• German PCB manufacturer sends PCB lot on Wednesday to Italian assembler
• Italian assembler receives them Thursday and assembles 500 boards till Friday morning
• Bitmine drives to Italy over night, picks boards up and start product assembly
• first products ship Friday

Tight, but doable. This is what happened:

• German PCB manufacturer (who was reliable to the minute before) messed it up and did not ship the PCBs on time
• Italian assembler cancelled assembly slot

And since we are in Europe and nobody is working after Friday afternoon, a small issue added an effective delay of 3 days.


Now those are the details many are calling for in this thread. But seriously: how does this help waiting customers in any way? All that is important is the fact that shipping did not start as expected. Who cares about the details, they won't change anything, do they?


If they do, I am willing to commit to provide such information on a regular basis. But again I tend to hope the hard times will end soon.

Furthermore, I think the power supply unit will also be a major limiting factor.

So I guesstimate (best case),
Desk: with 1500W PSU = ~1150 GH/s "Turbo mode"
Rig: with 3000w PSU = ~2300 GH/s "Turbo mode"

Exactly.....

My first email stated " Your order has been received and is now being processed. Your order details are shown below for your reference:"
Hence should be "Processing". my next email stated "Your order has been received and is now being processed. Your order details are shown below for your reference" hence it is "Processing". When i go into view my orders it says "Processing". No conformation email was sent regarding my "CONFIRMED PAYMENT" or that my order was "CONFIRMED". According to their terms of sale

"1.5 After you place an order, Bitmine will send an email to the address you have provided acknowledging receipt of your order. Please note that this does not mean that your order has been accepted nor that your position in the shipping queue is confirmed."

Ok so my order may not be ACCEPTED OR HAVE AN AGREED SHIPPING DATE, But

1.6 Bitmine will confirm its acceptance of your order by sending you an email confirming that the payment has been received and cleared. This operation confirms your position in the shipping queue and, as such, the “agreed shipment date”. Bitmine shall not be under any obligation to accept your order and the contract between you and Bitmine for the sale of goods will only be formed once Bitmine has sent you such Paid Order Acceptance Confirmation email.

SO my order is NOT confirmed as i don't have an email that CONFIRMS my payment.

1.8 Any contract between you and Bitmine is subject to your right of cancellation if you are a consumer and according to the Cancellation policy (see 5.1 below).
5.1 The goods sold by Bitmine on its website are manufactured on order and as such are not subject to applicable laws for commodity items.
5.2 Once confirmed, the order cannot be cancelled unless it is complying to term 4.5.3 above. To exercise your right of cancellation, you must give written notice to Bitmine to the address or email address

My Order Is NOT confirmed so basically you have my money sitting in your bank. So according to the FAQ's when my order was placed
"Q: I changed my mind, can I request a refund for my order?
A: YES, if the order wasn’t shipped yet, you are eligible for a full refund based on our Order Refunds Policy. Please contact our support team to ask for a refund. Also, kindly note that if you cancel your order, you will loose your position in the order queue.",

Which was changed to
"Q: I changed my mind, can I request a refund for my order?
A: YES, if the order isn’t in production yet, you are eligible for a full refund based on our Order Refunds Policy. Please contact our support team to ask for a refund. Also, kindly note that if you cancel your order, you will loose your position in the order queue."

WAIT

1.9 Bitmine may change these Terms without notice to you in relation to future sales. Please check these Terms every time you wish to order goods from our Website to ensure you understand the terms which will apply at that time.

So my order is Not confirmed, I was mislead into purchasing as you website assured me i could get a refund, according to the terms of the sale.

2.2 The description and specifications of the goods you order will be as shown on the Website at the time you place your order.

It still says we can get 1500gh/s out of a 1 th/s. In no way What so ever are there any indication that the that the machine has to be in optimal conditions. Mislead again.

5.3 You cannot exercise your right of cancellation in any case once the goods have left our warehouse.

None have, so Evan those who are having their machines hosted there. Hopefully you have them hosted else where or well you know.

9.4 If any court or relevant authority finds that any part of these Terms is unlawful or unenforceable, the validity and enforceability of the other Terms shall not be affected

That's OK, i just want my unconfirmed order canceled and refunded. As it is not a confirmed order i do not come under your refund policy and will not wait 30 days for this refund. I await your detailed response


Please Note the the time in wich this was posted as if i email bitmine and they change my order status 11:02pm EAST QLD Australia 19/02/2014


Thank you Bitmine

I create account becouse I see that case is lost.
The sooner we do something the best results we can have.
The more of us react the best results we can have.
Distance agreement has own rights. They break the basic rules. 2 weeks after shipment date.

Did you realize this devices will be unprofitable for two months?

Everyone have to get them now and as we know this is impossible!

So if I pay 12 000 $ for device I assume that I can earn 12 000$.
Now is possible, after month it will be near 0 point. After 2 month all of us will be lost!
 

That is not true

Its not cleverly written since:

They sell to consumers only
For EU consumers EU law applies even for Swiss companies
EU cancellation rights are very generous towards consumers even for custom hardware in the case the specifications and details of the product are not transparent and clear. This is obviously the case here.

Apart from that: many people apparently did not get a confirmation about the delivery date and specs....so there are chances that a contract with bitmine was never established.

 

That's quite serious money.
Anyway, update directly from Bitmine would be great!
...just some estimation about shipping?

Much better compared to two competing ASIC manufacturers from the US who now run across states with their companies and hide behind law offices addresses.

I think the investors mentioned by that Coindesk article have pulled out as per zefir's statement above. The project you're referring to probably isn't happening.

Lots of Activity 1 newbies in here spreading FUD.  Interesting.  Almost like they created their accounts just to post bad things about Bitmine.

I assume everyone has considered that taking action against the company will actually slow them down, right?  They’re in the middle of making their equipment, and will be subject to the CPP.  Which means you will get more GH/s.

You all agreed to these terms.  If you are whining now, you’re a moron.

When these release, they will literally be the fastest on the market.  In nominal mode.  No one will have faster equipment (CoinTerra came up short).

And you are whining that they didn’t do it fast enough?  And you’ve been in the Bitcoin world how long?

Grow up, folks.

You’ll get your miners.  And they will be the fastest miners money can buy.

They are covered for EU laws by Terms of Sale. Very cleverly written. And you agreed to that contract.

As you see no one got their devices. It makes no sense to consider turbo mode. If we actually got our devices they would be barely profitable. These devices are not exists yet.
Assuming that arise during the month, investment will fails.
According to EU law, distance agreement can be resolved after 2 weeks from shipment promises.

This company take our money, and can not do this project in time!

As we know time is the most important in this business.
If they spend all our money for this project, they can not return money for us. It makes no sense to wait for the device which will be unprofitable on production day!

It is behavior of serious business?
They already have more than a month of delay! No one has yet received device!
Are you sure that this factory works?

I invested a lot of money in rigs and I'm not sure to get back all my money.
My order was on the second week of Feb.
For me they have one week deley, for some of you over month.
According to EU law I will wait one week more. Then I go to Swiss vist our friends! I will try to get me money back and take fotos from this "company" and "factory".

33 GH/s under ideal conditions. In a Rig / Desk, I'd imagine you would be lucky to see 30 GH/s out of each chip in "Turbo mode", likely less depending on ambient conditions. To me, "Turbo mode" seems to be more of a marketing gimmick than anything else.


Now it's to my understanding that the A1 chip has relatively very sensitive signalling requirements and therefore a tricky chip to design and implement a working solution with, even if operating at just one speed. To be able to operate at two speeds, on-the-fly or otherwise, I think would require the design of truly clever circuitry. Design which I trust is not the cause of all these delays as delaying bitcoin hardware for weeks to eke out a possible extra 2.5GH/s to 5GH/s out of the chips at the cost of plummeting customer confidence, disreputation, and potentially increased warranty claims later on shows a profound lack of common sense and judgement. Of course, the delays may also be due to completely ulterior motives.

If bitmine still has yet to make "Turbo mode" work, I think the fair thing to do would be to ship standard single speed units now and double the CPP as a compromise.

From there site;
•Hashing power of 25 GH/s in nominal and up to 40 GH/s in Turbo mode
  [ http://bitmine.ch/?page_id=863  ]

Turbo is not so turbo after all..40  > 33 , I did not see they lower the price of the chips because of this 

An wen U are there dont forget to ask if u can see the big lab , like in there Video.


H
An turbo is not so turbo after all..40  > 33 , I did not see they lower the price of the chips because of this 

So far to date, they have only shipped 10 coincraft miners....Recievers need to confirm? Heard it from the grape vine

From bitmine's website, http://bitmine.ch/?product=coincraft-ai-asic, it states the chips can hash "up to 33 GH/s in Turbo mode". This is with huge heatsinks and fans, https://bitcointalksearch.org/topic/m.5139830

To work out best possible "Turbo mode" per board: number of chips per board x 33 GH/s.

Desk card: 8 chips x 33 Gh/s = 264 GH/s
Rig card: 10 chips x 33 Gh/s = 330 GH/s

Of course, it is highly unlikely these figures will ever be reached by the Desk / Rig due to reduced heat dissipation as the cards are in close proximity inside the case.

So for a Rig with the full complement of 8 cards, the optimistic maximum would be 330 GH/s x 8 = 2640 GH/s, approximating with zefir's sentiment of +20% (250 GH/s x 8 x 1.2 = 2400 GH/s).

26th December 2013 - 4th January 2014 10%
4th January 2014 - 14th January 2014 10%
14th January 2014 - 24th January 2014 10%
24th January 2014 - 3rd February 2014 10%
3rd February 2014 - 13th Febuary 2014 10%
13th february 2014 - 23th february 2014 10%

+ 5% rise from 20 to 25% hashing chips, exampe 200g/hs now 250g/hs

250g/hs + 60%

10%=25 x6 =150 +250 = 400ghs

although they dont have 150ghs they said they will add a 200ghs(which is 250ghs because of new a1 chips), predicting bitmins next move i think they will ship 4weeks from now
10%=25ghs x10 250ghs( A HOLE NEW CARD THEY PROMISED THAT WILL BE AS A "UPGRADE")

if im wright il be visiting birmine myself and will be unlocking multi achievements

FFS BITMINE.CH YOU'RE DIGGING YOURSELD A GRAVE !!!!!

 edit: if the 200ghs card can turbo can do 300gs how about the new a1 chips ?? 450?? lets say 350-425
350ghsx2 700ghs??
400ghs cards x2 800ghs in tuboo??

but due to " the temp" it will probably wont reach 250ghs per card...............

scam? well if they somehow pull this of from ahole il buy from bitmine.ch again
thinking more about this i think they will force a refund

oh c'mon silver...

if theres nothing to hide, a simple official statement about their situation is enough to blow my doubts away.
Think about it!