The manufacturers of asic mining system put on their site what was to be a small revolution in the manufacture of cryptocurrencies by asic, I want to talk about the algorythm Cuckatoo31, it is first of all OBELISK known to manufacture luxury miners, design, here is after a first unsuccessful test of which we do not know very well the ins and outs what will be written on their site:
Due to a lack of interest and funding, Obelisk has had to cancel the GRN1 project. All who purchased the GRN1 directly from Obelisk (usa) will be receiving a full refund for their purchase.
Now is Innosilicon’s turn to take over, we are told that this system is much more successful because it supports the Cuckatoo31 and 32 algorithms which are the two parameters for performing asic mining in the blockchain from the front. guardian and the very profitable GRIN cryptocurrencies represented by a smiley.
We have been chatting for over a year on all the sites of the massive arrival of three different Innosilicon G32 Mini / G32 500 as well as G32 1800 asicminers.
That said, the G32 1800 is expected to have a rate of profitability in any case at the start because we are obviously warned that it will very quickly lose its attractiveness because the difficulty in the blockchain will increase brutally all this depends on the number of miners sold by the Chinese manufacturer this time much less design but what’s the matter since the 1800 model brings in just over 160 dollars a day.
It is at the beginning of this year that the miners were going to be distributed by Innosilicon but something tells me that they already knew that the project would also be abandoned, even if it accepted payments by bank wire and bitcoin one little week ago still, they will try to reproduce the same effort as OBELISK and clarify as quickly as possible the situation to bring a little comfort to the customers who spent more than 14,000 dollars for an asic G32 1800 and 4000 dollars for a G32 500 here is a preview sent to all customers by the Chinese manufacturer a few days ago:
Dear Distinguished G32 Customers,
We are sorry to inform you that our Grin product G32 GPU ASIC fabrication has not been supported well by the foundry due to their lack of experience and confidence.
We’ve been working on the issue and tried our best to solve it. However, it is unfortunate that we finally learn from the foundry in the recent meeting that they still
do not have enough resources and confidence to make the large GPU ASIC yield viable, even after various assurance from our engineering side.
Their yield feasibility evaluation took way too long to meet our delivery requirement in January and February so we have to put this production on hold till future clearance.
We apologize for the inconvenience this may have caused to you.
The full refund process starts immediately. Please provide the your order info and previous bank info as below.
All refund should take place within 30 working days from now according to payment sequence.
Order id:
Order amount:
Receiver account name:
Account:
Your Address:
Receiver’s Bank name:
Bank address:
Swift code:
(If there is intermediary bank, please provide the swift code of intermediary bank)
We will also offer coupons for each G32 order plus fast hosting service, and each coupon values a 15% off discount over the online price.
G32 Coupon Policy
Model
Coupon Qty./ Miner
Guidelines
G32-Mini
1
Applicable to all the listed miners on Innosilicon official website.
Each coupon can be used to purchase only 1 miner.
This coupon cannot be used with other coupons.
Valid till March 16,2020
G32–500
2
G32–1800
3
*If you have bulk need but not enough coupons, please contact us for a more competitive sales policy.
Due to the Chinese Spring Festival we will take a long holiday from Jan. 20th to Feb. 3rd, we will process the refund once back to work.
Again, we sincerely apologize for the situation. We are as hurt in this process as anyone.
Thank you again for your great support all the time!
Finally in this process we will obviously not know exactly why the two manufacturers abandoned the project, we can’t wait to know the truth behind this production and for the moment so that Grin continues to exist it is still made by G29 and G31 algorithms thanks to the famous graphics cards.
Remains to know who will close the debate and put on the market these machines to make money in a mode “I will become rich in a few short months” which obviously will never happen.
This is the beginning of the history of the GRIN cryptocurrency, everyone and especially the miners pray that the end is worthy of a film, I suppose that with the advance of technology this should go well for them but now the manufacturers will suddenly suffer in terms of preorder, who‘s gonna still trust them, not me anyway…It’s obvious!!!
Topic: The Grin asic is not ready to play the game yet!!! (Read 89 times)
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