Since Bitmine AG doesn't provide us with useful information, I started collecting them by myself. Can you say anything about the information-policy of Bitmine AG?
Beeing shareholder isn't the same thing as beeing on the board of directors, which makes you liable if the company if fuck** up.
Do you want to say anyithing about the chines contractor? Fud?
Thanks for your reply.
Well, information-policy you say? It is obviously sub-optimal. If you are from Switzerland, you maybe should go and visit their offices in Ticino. You'll find hard working engineers who can't do their real job because their mobile is ringing every 20 seconds. You'll find that business is not always going as planned (actually: it never does) and folks are doing their best to meet their obligations towards customers. Believe me, those guys are very unhappy about the delays - I have them on Skype every night when I remotely work on fixing things and be sure none of us slept more than 4h a night over the past 2 months.
In light of that, all this talk about Bitmine having already working rig and self-mining is plain stupid. Even without the slightest idea on economical or mining context, it should be obvious that finalizing and selling products is the most profitable way to re-cover the enormous NRE costs that were spent. We made the first fully populated CoinCraft Desk working some days ago and mass production is ramping up just now. There are some users in this thread you can not convince by facts, but this is how things currently are.
To your other points:
There is no fuck**up happening in Bitmine. Things went differently than planned, but the company will keep their ToS products were sold after. That is, soon first buyers are entitled to request for refunds which will be granted. The more patient ones will get the CPP as agreed - we all have vital interests to make those rightfully angry and impatient buyers long term customers. CPP will cost a lot and eventually eat up all potential profits, therefore my personal fuck**up will be to lose all I invested so far.
As for the Chinese contractor: define FUD. At the beginning, there was someone from Asia who wanted to invest in Bitmine but finally did not. That's basically why there were shares left to offer to me.
I think swissmining questions your independence and bias towards bitmine. I don't think he doubts your workethic and efforts.
Until now I too had the impression you were some kind of independent consultant, but now it starts to look completely different.
Since you are on their payroll now, we can't expect you to say ANYTHING critical about them. That's a problem.
Seriously: check my post history. I never posted anything else than facts - nothing negative, nothing positive. How would that change the situation in any way? For those waiting for their miners it is irrelevant. Above that, I am engineer with zero PR or convincing capabilities.
If you doubt my objectivity now as shareholder, why didn't you do when I was a paid consultant? In both cases I would not badmouth the feeding hand, obviously.
So you invested in Bitmine SA? Or why do you hold a board position?
Because they think I am a nice guy who should be in the board? Because I put ~5k BTC into Bitmine? Because I work like a horse and delivered good results? I don't know, but that's how it is.
Hope I helped you to resolve some concerns. Now going back to finalize the CCD firmware and work on the rig variant. Sorry if I should not respond in realtime, but for sure you understand that there are more important things to do for now.
Zefir - i don´t see any issue with you being a shareholder as well as a member of the BOD. Actually just the opposite - I think that´s great for the company because other shareholders apparently are incompetent as hell!
Also I believe that bitmine DID ramp up their production
NOW - but they didn´t do so in the last months it seems.
GeorgeM is absolutely right.
At the time when bitmine offered the first CoinCraft batch they should have known very well
why almost all other mining hw manufacturer had massive delays (except KNC that is). Also they themselves had experienced the huge Avalon betrayal or fuck-up (Asic chip delivery) at that time - and
should have known how to minimize such delays in the future and to plan accordingly.
Building a hardware company is a shitload of work; I think everyone is aware of that.
But to step on the plate and offer these products and emphasize as well as promise the special reliability of Swiss work ethics and blah blah is one thing - but then not even be able to communicate to their customers is as bad or worse than BFL, Avalon and the likes.
Communications is a hugely important part of every successful company and transparency is a huge part of that.
We had exactly ZERO transparency as to what was happening!
Giorgio
**** ***** *** (removed due to emotional outburst) doesn´t even have the balls to tell the community what the hell is happening with the CoinCraft Rigs for example. Like a small child he is just ignoring the fact that customers (who paid for the most expensive products!) have a right to get informed because it influences their further investment decisions.
Until now an official 3 week delay by the chip manufacturer was given as an excuse but we have an actual 2,5 months delay -
in a time when everyone would have made back his investment due to a favorable btc/fiat exchange rate plus btc difficulty.
And now it seems that not even the promised performance will be reached.
