I knew I had seen that board before. The picture on the main page is the same photo used to show off the supposed GMO 12nm BTC ASIC boards.
GMO article with the supposed 12nm GMO board
https://www.gmo.jp/en/news/article/?id=764
Scroll down to where it says "ADVANCED MINERS ASIC AM-12" and look to the right.
https://advancedminers.io/
Not sure why either are showing a board with a SoC in the middle?
My gut tells me that if people do try to exchange the token for their 12nm 28TH/s at (if the English version is correct) 1200watts miner they will just get a Bitmain S9 or even worse the Whatsminer with the stickers peeled off.
Also, in their material they say that they have only invested $1M to date, they have their own 12nm model and that they will have a 7nm prototype in June.
I am not hating on the ICO approach. I really think that is really one of the only solutions that could keep Bitcoin Mining Decentralized using the right token model. There are people in Wyoming
doing this the right way. https://hackernoon.com/our-decision-to-become-a-wyoming-utility-token-43856212a5ac
Even if we assume their intentions are good, they didn't have to put all of the easily verifiable misrepresentations and the extremely optimistic numbers. Also, another give away is that they don't have a single technical person on the team and they have 12nm and 7nm down. Both feasible, but only with the right people in place.
GMO article with the supposed 12nm GMO board
https://www.gmo.jp/en/news/article/?id=764
Scroll down to where it says "ADVANCED MINERS ASIC AM-12" and look to the right.
https://advancedminers.io/
Not sure why either are showing a board with a SoC in the middle?
My gut tells me that if people do try to exchange the token for their 12nm 28TH/s at (if the English version is correct) 1200watts miner they will just get a Bitmain S9 or even worse the Whatsminer with the stickers peeled off.
Also, in their material they say that they have only invested $1M to date, they have their own 12nm model and that they will have a 7nm prototype in June.
I am not hating on the ICO approach. I really think that is really one of the only solutions that could keep Bitcoin Mining Decentralized using the right token model. There are people in Wyoming
doing this the right way. https://hackernoon.com/our-decision-to-become-a-wyoming-utility-token-43856212a5acEven if we assume their intentions are good, they didn't have to put all of the easily verifiable misrepresentations and the extremely optimistic numbers. Also, another give away is that they don't have a single technical person on the team and they have 12nm and 7nm down. Both feasible, but only with the right people in place.