Topic: [On Hold] Hosted (or not) Gridseed ASICs -> Batch 1 Ordered (Read 5660 times)

New thread here: https://bitcointalksearch.org/topic/smarthashingus-gridseed-accessories-for-sale-hosting-newsdiscussion-529508

Lockin' this up, please come over to the new thread!

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You may use the PGP in CoinHoarder's signature to determine the validity of this account and message.

We will be locking this thread momentarily and switching to a new one for the company. Please continue all conversations there.

The terms and conditions in the OP for Batch 1 will still apply.

Thanks
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Surprise!

Grand Opening!

smarthashing.us

We are excited that it is finally time to announce Smart Hashing to the world! Although we are a new company, we are anything but new. Smart Hashing’s founder William Connatser is also president of CryptoVest, a physical cryptocoin company specifically known for making Physical Litecoins. He has been operating large mining farms for over two years now since initially getting into Bitcoin and Litecoin. William, also known as CoinHoarder online, was a pioneer in group buying on the Bitcointalk forums, putting together one of the biggest group buys to date for Batch 3 Avalons and raising more than 722 Bitcoins just in a couple weeks! This group buy was the first one of its kind for Bitcoin mining ASIC hardware. We think it is safe to say that he started quite a trend! Group buys have become so popular that a subforum was created in the Custom Hardware section of Bitcointalk.org to hold them all! Before operating several group buys, William also setup and operated a large GPU farm that was pushing upwards of 16 Mh back in late 2012! Ever since getting his first mining rig, he has been very active within the Bitcoin and Litecoin community. For over a year William’s been gaining experience planning, setting up, and operating group buys mostly off Bitcointalk forums and his own private forums. A couple weeks ago after getting back into group buying, Williwam decided he would improve his hosting service and mining sales service into a more professional operation.

In an effort to stay competitive, provide the best customer experience as possible, and offer a more professional sevice, William has now formed Smart Hashers to conduct his hosting and mining sales business. William is starting to take his businesses more seriously and is hiring one full time manager and a part time network administrator to help him run the hosted equipment and help with customer service for Cryptovest. There is a lot of work to be done in between doing sales, testing, packaging and delivery, and offering hosting services. We hope that by adding people to the team, everyone receives a better experience all around both us as administrators of the company (William will have some free time again!) William has gone on record as being dmittedly bad about checking CryptoVest’s email in the past. Basically he is working full time along with running two businesses and he needs help! This will end once and for all and today we are turning over a new leaf.. starting a new chapter if you will. Thank you to all that have helped us get to where we are today. We only ask that you continue to let us serve you by offering you sweet deals and exemplary mining equipment hosting!

All Gridseed mining equipment in our web shop is currently a 3 to 5 day long pre-order and there are only accessories and ATX power cables in stock at the moment for Scrypt mode only. Dual mode mining cables are coming, but due to ineffeciencies Dual mining is not allowed on hosted units at this time. We will let you know when that changes. There will be a small fee for us to switch out the power cables for dual mining to Scrypt mining and visa versa due to the time it takes to do it. We are looking into turning this into a truly innovative hosted mining experience. We have negotiated a sweet deal with a large supplier that is buying 1000s of units from Gridseed every week to supply us. They have afforded us the pleasure of buying in small quantities, but with steep discounts. Due to the fact that we can order in smaller quantities, we can order batches more frequently, thus making delivery to the customer even quicker than waiting for a big batch to fill! Typically packages are delivered in 3 to 5 business days to the USA from China, so our customers don’t have to wait long and that makes us happy! Setting up this partnership is instrumental in Smart Hashing having competitive pricing, because we want to save our customers as much as possible and want them to feel like they got a good deal. When our customers are happy, we are happy! We are not charging a huge mark up, a medium mark up, or even a small mark up! Our mark up is tiny compared to some other distributors and we hope that you appreciate that!

It is Williams’s goal that his companies improve and expand throughout the rest of this year while making customers happy and meeting some good friends along the way. There is nothing more than he loves setting up, troubleshooting, and hosting mining equipment, so he is determined to make this a success! A new website with a lot of new features is in the works. You will likely be able to change your payment address, automatically notify us when you’d like to sell your hosted equipment, see the farm hash rate and worker break down, and even keep a record your payout information also! This will definitely be a step up from the forum-based company William and his clients are used to him running, and we are excited to help this company grow and help our customers save a buck. Although Smart Hashing doesn’t have a huge wad of cash that some of the larger distributors do, we are still selling at as competitive a price as the larger distributors!!! Even though our prices may be slightly higher than some of the cheapest companies in this space, they are selling at a similar price as us but buying the units for much cheaper and making a killing doing so. They are making much more money than most group buy operators, and are snuffing out the competition by doing things that are economically infeasible to do for a smaller businesses like ourselves. We aren’t going to lay down and let them put us out of our misery just yet though! We are putting our foot down and we won’t let guys with big stacks of cash take over what has traditionally been done by individuals and mom and pop type operations on the forums. We love our small businesses here at CryptoVest and Smart Hashing! Feel free to reach out to us if there is any way we could help you! We are very much interested in cooperating for the better of the community!

Smart Hashing will only source mining equipment from companies that have them in stock and can ship them promptly. We will stay away from month to year long pre-orders. Extended pre-orders puts consumers at a disadvantage because they do not know when they will receive the unit and how profitable it will be by the time they get it. In stock mining equipment allows for easier decision making based on something more than a lot of assumptions and an overly optimistic development time line. We at Smart Hashing recommend you stay away from  extended pre-orders, it doesn’t take but getting stung once to learn your lesson. We hope you don’t learn the hard way! Stick with us and you won’t be left scratching your head 6 months later wondering where your gear is with pitch forks and torches on Bitcointalk ready to start a riot!

All joking aside, if there is anything we can do then please do not hesitate to email us at [email protected] and we will get back to you at our soonest convenience! Thanks for your continued support and we’re excited to start this new journey together with you!

The Smart Hashing Team

PS: All Batch 1 participants will pay the new sale price and be refunded the difference. This sale only lasts through the end of the week, as we are hardly making postage! All shipping is included in our prices!

Hello Will.
I see you've been a busy mining hoster in preparation

What is the big announcement?

Wolfey2014

For those of you waiting on me to open back up orders, I am planning on opening that back up tonight or tomorrow with new pricing so stay tuned.

I'm planning on placing an order at the end of the week.. I know of several people waiting so I think we will have another batch by then no problem.

Thanks

Hi,

I'm sorry.. it was extremely busy weekend and it appears there is no end in sight! Argghh!

Yep the order was placed on Friday night with no problems. It's 3-5 days shipping from China, so I expect to get them sometime in between Thursday and Saturday. I still kind of have a lot to do myself in between now and then, so I'm glad that there is time. The only reason I can think of this might get delayed is if I run into technical problems... more than enough parts are in to run all the Gridseeds I ordered. I planned the pricing and quantity of each component based on me being able to run at least 44 units per Pi. This could cause a problem on my end because I would have charged too little, but it will not cause a problem on your end because I ordered extras of everything. I even ordered several different USB hubs to find the best one for chaining as many as possible on a Pi. This isn't my first rodeo- I feel like I am capable to fix just about anything that isn't simply DOA or faulty.

There's still a couple things to come in, but I've had tracking numbers for them since last week and am expecting everything to get in before the Gridseeds do. I will overnight something I need if that's what I have to get these up and running. I have my buddy on stand by to help me setup the farm.. he has helped me setup, configure, etc. some of my GPU farms in the past.. he will be a good helper. Furthermore, I have a couple family members putting together some custom Gridseed ATX power cables. There are a lot of them to put together and I didn't have much time this weekend. It's kind of a pain in the butt honestly.. I kind of wish now I would of just went with the cheapo Chinese PSUs etc. that all the other suppliers are using.

I feel like this sets me apart from them a bit though, I feel like I definitely have more quality package deals than most of my competitors. Not only because of using the ATX PSUs, but I am also providing Pis with nice cases and 8 Gb SD cards in all packages with all software installed. All package deals will work right out of the box! Furthermore, each package comes with the ATX power adapters to supply 5v power to your accessories like your USB hubs and Pis. I'm hoping that getting rid of those cheap cell phone charger-like PSUs that most USB hubs use and even some gridseed suppliers are using to power their units results in higher stability of the packages I sell. Also, most of the other suppliers use the wiibox (or controller) which has been reported somewhat unstable. I feel like a Raspberry Pi is the obvious best choice and makes the most sense. Stability will only get better over time by using open source software like cgminer or bfgminer, Gridseeds are still relatively new and there will be many improvements in these regards.

Anyways.. I talk too much. I'll talk to ya'll soon.

Hey CoinHoarder, any update on how the order went?  Did everything go through smoothly?  Have you received a tracking number yet?  Do you have an ETA for getting everything up and running?

I appreciate that you have ordered everything in advance of the miners, not to happy with another group buy that I am in, where he did not tell us that he would buy everything once the miners came in.  Needless to say, he is now scrambling to get everything and it looks like it will be a week after the miners arrived before they are all running.  Pretty ridiculous.  Just another thing that this group buy has correct IMO.

Thanks again!

DebitMe

The way I calculated it, we're looking at at least 4-6 months before ROI. I share your opinion, though, that a lot of those other scrypt ASIC companies will experience either production delays or shipping delays. There are also a lot of scrypt alt coins that can be mined, so we've got a lot of choices should the difficulty of any one coin go way up. I only invested into this GB what I could afford to lose. I like the idea that I won't have to monitor anything or worry about power costs etc., because CH is taking care of all of this, and I'm willing to pay his monthly fee for not having to screw with settings or worry about downtime.

Darn, missed out. Waiting for batch #2 as well.

You guys are correct, these will take a while to ROI, but you are also operating under the assumption that all of those companies will ship.  The only company in that list that has shipped a product is KNC, but their order page says they are shipping in Q2 or Q3, which means it could be between Apr and Oct, and since their other products have/are been later rather than sooner, my guess would be closer to Oct.  Of course they only made a SHA-256 ASIC, and a scrypt one is harder.  The other 2 companies you listed have not shipped products before.  IDK who that 3rd one even is?  So as far as shipping a working product, who knows when that will be.  Remember, no company as of yet has shipped an ASIC by their delivery date, just for reference.

There are also a few other companies to consider that you did not mention.  The Fibonacci project seems to be well underway with a scrypt ASIC, and BA says they have something in the works (although I would not trust or believe a word they say anymore)

Also the price for alt coins has dropped in he last few weeks.  If it starts to go back up, then positive ROI will be even sooner.  So there are many things to consider when choosing to buy these.  They also use very little power, which means they can run for a long time before not being profitable to run anymore.

CH - excited that you are doing another group buy.

I'm a bit confused. By my math at 0% increase 1 girdseed will take ~220 days to break even. Did I make a mistake in my calculation?

Hello coinhoarder,

I don't know if I'm in the right place for this.. but maybe I want to buy a lot of gridseed. Don't know how much exactly yet but I have two serious investors with which I will talk to probably on Tuesday. 

I Have my own office where I can put the miners so I wont need a hosting service but maybe helps to get the price down or to full a batch.

But I have a question and since your doing this you must be convinced that this product will make roi. I would like to have your opinion if you don't mind.

July/august, knc titan miner, alpha technology miner, and mining asic technology (MAT) in the netherlands are planning to deliver 100 mh/s units. If you take the average diff increase from the last months and extend this to coming months untill august. Then If you calculate your earnings for example with ltc and you add up an increase of 100 every 3.5 day and you do this till august and you sum up al the coins you mine with the given diff your no ware near roi. How do you see this? I trying to figure out what percentage of the investment must go to the gridseed and to preorders.

I do believe this companies will be game changing. I don't want to depend on the profit from new coins with pump and dumps. So how do you see this?

Thanks,

Bob     

Hm, I thought I knew what the surprise was but maybe not...

Excited to have units on order!

Waiting for your batch 2. 

It's a surprise! 

I will place the order for batch 1 in just a moment once the last transfer has confirmed! Batch 1 customers will receive a refund late next week once I am sure all accessories work as planned and the final costs are realized. Thanks all for a successful Batch 1! There were a lot of familiar faces in Batch 1, thanks for choosing me to host your mining equipment once again! Big changes are coming in a couple days.. I will let you know when I'm ready to announce what's up.

For the time being, all ordering is on hold. The payment address has been redacted from the OP.

Thanks

It's the new lease to own program I had suggested to him a couple weeks ago!
He said he'd do it if he could so.........
I can't afford to buy 100 GS5s up front so he probably found someone to finance the operation in exchange for a nice payback of course.
This will be a boon to Will's hosting service as well as everyone else who gets involved!
It's good for us, it's good for him, it's good for the movement, it's good for the entire industry! Win Win Win!
So now the average guy/gal has the same opportunity as everyone else to make money from crypto mining.
That's my guess/wish
Let's see what happens.....
.05btc to me if I'm right. everybody  
Wolfey2014

Good to hear! and I am not envious of your weekend with all of those cables my friend.

You have peaked my interest about the good news, and now you tell me I must wait...Blah, that's evil

is some maggot hacker ddos'ing this site?
I keep getting 505 'bad gateway' errors all the sudden!
geesh! get a life, hack!

Cables??! We don't need no stinkin' cables!!! 



Now for the fun part... connecting 1000 barrel plugs to the ends of 2000 wires.

No wonder Santa hires elves. 

I will be placing our order this evening. Please get your order in ASAP to be included in Batch 1

Power cable components, barrel plugs, USB hubs, PSUs, and the Pis have arrived! The only thing we're missing is Mini USB plugs which should show up on Monday.

I have some exciting news, but it will have to wait a day or two.

Thanks