Quote from: tbonetony on December 10, 2016, 06:56:44 AM

Quote from: IanQuinn on December 09, 2016, 02:55:56 PM

Did an inquiry with Ebit about the 0.15 J/Gh on their ASIC. Their reply to me was our machines do not use ASIC chips, kind of a scary reply.

What am I not understanding? I thought you could only have a successful miner using ASIC, unless they are not mining Bitcoin.

Can someone help me out here?

rofl if that's what they truly intended to present. I found they have some English language barriers on their website.

I read an interview transcript with their CEO today. When asked how they see themselves in the market while stronger competitors like Bitmain, Avalon, and Bitfury are already in 14nm with similar or even better efficiencies, the CEO responded "The quick money age of mining has long gone. From now on and forward, mining is going to be a long game so one critical factor that matters to all miners is an adequate warranty system that can back them up." I like this statement a lot and want to see they actually put it into actions.
According to the interview, they currently have 13 service locations and more to come in China. They offer 6 month warranty on the miner in compliance with China's national consumer policy standards.

Anyway, they will have a presentation on December 11 and open global sales that date. I am looking forward to its outcome.

i fully agree, mining IS a long game now.
well now, THIS might make things interesting...
how often do we say we would even pay MORE if we had some ACTUAL warranty/we knew the machines would last even a damn YEAR :/
6 MONTH warranty, thats pretty sweet for a miner (from what i have seen)