Quote from: freebit13 on March 07, 2014, 04:16:12 PM

You keep quoting a 'retracted' statement and the owner of that statement is yet to reply to a few people to explain fully if his statement is legit, if it was deleted/moderated, he can come and let everyone know what happened and expose it all for everyone to see, it's really easy to do, but still nothing...

Take a walz over to the bitmine thread and you'll notice what a complete mess they are in, scam accusations, locked thread and all and it seems as though Giorgio is quite comfortable with deleting statements, even on their website. By what is going on there I don't believe anything that has been said so far and I doubt they secured anything in the rush to amass money... it's starting to look more and more like a BFL every day.

Bitmine have already made themselves quite clear on the issue and until they've made a statement retracting the previous statement it's much more likely the the statement was deleted/moderated rather than retracted.

Quote from: giorgiomassa on March 04, 2014, 10:19:37 AM

Quote from: QuestionTime on March 03, 2014, 12:24:20 AM

Quote from: seeksilence on March 02, 2014, 06:23:02 PM

If you check the news http://bitmine.ch/?page_id=863, you should know bitmine is just in co-operation with some Chinese company. They just bought the chip from the Chinese company and name it as "Coincraft A1" chip. The Chinese company can also sell the A1 chip. They can call it any name they want like "ABC A1" chip. So the question comes: Does the "Coincraft A1" chip means "A1" chip？I don't think so. This is something like Mcdonalds can make their hamburger and KFC can make their own too.

We do NOT buy chips from bitmine and have no business with them.

From that link:

Quote

Designed from scratch, Bitmines Coincraft A1 is a third generation Bitcoin Mining IC developed by Bitmine in co-operation with a team of expert engineers from Innosilicon.

Doesn't say bitmine bought the chip from a Chinese company.

I'm assuming that the R&D funds came from bitmine and it's customers and that Innosilicon was contracted by bitmine for R&D, ergo, bitmine retains IP rights of the A1 chip. Unless the use of the A1 chip in these Chinese 28nm miners has been authorised by bitmine, what we're seeing here is corporate theft and entities being in possession of or receiving these miners, liable for a criminal offence.

Precisely, we are the owner of the IP inside the A1 chip and the major contributor to the know-how of the inner workings that led to its development. We are aware of things like the one happening here and we even made a press release news concerning this matter:

http://bitmine.ch/?p=5178

Whoever purchases these does that on its own risk and may be liable in its own country since we hold IP on that.

Yes, that's China.

Authorised distributors of bitmine tech: http://bitmine.ch/?page_id=5204 - unless the chips were sourced from one of these guys or bitmine themselves it's corporate theft.

Furthermore, we have yet to hear anything from Innosilicon to suggest that they have obtained the rights from bitmine to produce these chips for sale.