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This may not be the right place to post this. If so, please guide me to where i should.
Been looking to buy another miner.
Has anyone bought from https://microbtminers.com/ before? Are they legit?
Been looking to buy another miner.
Has anyone bought from https://microbtminers.com/ before? Are they legit?
So... I dont see a lotta people talking about this other than a few handful on youtube and reddit.
About the M2 Pro miner that they're selling on matchx.io.
I ended up buying one even though their customer support for answering any kind of questions is a pile of horse crap.
I have been mining for over a week.
Now with everything i am about to say i am assuming that you already know a bit about how mxc mining works.
If you would like to know more about this heres a video that explains it well : https:youtu.be/r67ZV77U-TQ
Theres been a few changes since that video was released but it explains the just of it.
Keeping all that in mind. After a bit of hands on experience with this whole thing, even though i was a bit skeptical about this from the start, things started to become a little fishy.
1. When i first bought the miner they claimed that they’ve shipped hundreds of miners to my country and shipped them using DHL. When it arrived in my country, MXC foundation had no idea about the document requirements for customs clearance so i had to manually contact them to get the documents specifically made for me to clear them.
2. When you withdraw your MXC, lets say all of it, the fuel goes back to 0. Once its 0 any new tokens you mine (now at lower efficiency) continue to increase the size of your fuel tank. So the algorithm is FuelTank = x + new mined mxc EVEN if its less than 100% full. This makes it mathematically impossible to recover 100% of your tokens by mining alone forcing you to buy mxc or top it up manually. This violates the promises they made and things they explained on discord.
3. Why not make it so your MXC wallet tokens, staked or not, work as fuel instead of a separate wallet if the whole point of this algorithm is to make people hold onto their mxc for longer periods of time?
4. I accidentally bought europe version of the m2 pro and i am in asia, there is absolutely no difference in the amount of mxc i earn.
5. They recently added BTC “mining”. While all you’re doing is, locking your MXC and getting rewarded in BTC. Thats not “mining” as they claim or is it?
On top of all this, i see almost nobody asking any questions along these lines even though these are quite obvious.
My personal opinions on this are not very good and i am leaning more towards of it being a scam. I will most likely keep the miner running and take what i can get.
What are your thoughts on this?
About the M2 Pro miner that they're selling on matchx.io.
I ended up buying one even though their customer support for answering any kind of questions is a pile of horse crap.
I have been mining for over a week.
Now with everything i am about to say i am assuming that you already know a bit about how mxc mining works.
If you would like to know more about this heres a video that explains it well : https:youtu.be/r67ZV77U-TQ
Theres been a few changes since that video was released but it explains the just of it.
Keeping all that in mind. After a bit of hands on experience with this whole thing, even though i was a bit skeptical about this from the start, things started to become a little fishy.
1. When i first bought the miner they claimed that they’ve shipped hundreds of miners to my country and shipped them using DHL. When it arrived in my country, MXC foundation had no idea about the document requirements for customs clearance so i had to manually contact them to get the documents specifically made for me to clear them.
2. When you withdraw your MXC, lets say all of it, the fuel goes back to 0. Once its 0 any new tokens you mine (now at lower efficiency) continue to increase the size of your fuel tank. So the algorithm is FuelTank = x + new mined mxc EVEN if its less than 100% full. This makes it mathematically impossible to recover 100% of your tokens by mining alone forcing you to buy mxc or top it up manually. This violates the promises they made and things they explained on discord.
3. Why not make it so your MXC wallet tokens, staked or not, work as fuel instead of a separate wallet if the whole point of this algorithm is to make people hold onto their mxc for longer periods of time?
4. I accidentally bought europe version of the m2 pro and i am in asia, there is absolutely no difference in the amount of mxc i earn.
5. They recently added BTC “mining”. While all you’re doing is, locking your MXC and getting rewarded in BTC. Thats not “mining” as they claim or is it?
On top of all this, i see almost nobody asking any questions along these lines even though these are quite obvious.
My personal opinions on this are not very good and i am leaning more towards of it being a scam. I will most likely keep the miner running and take what i can get.
What are your thoughts on this?
If you thought i was making this post because i wanted to mass produce cloned hash boards and sell them for a profit because i claim to be able to produce them for cheap, then no, thats far from what i meant. I am aware thats not going to be at all profitable and moreover theres always a legal caveat to the story (which is why the companies tend to "modify" their clones instead of making a copy). I was more of planning to get back the ROI from the boards themselves by using them, if they worked of course.
It would have to be at least some light modifications made to the PCB because I don't think companies can get away with making a token change to some circuit. Which makes me wonder if the cloned PCBs you get from this will be as efficient as the original, since chances are the design houses will not make a perfect clone of the PCB. Maybe they'll do stuff like making some path longer (I think
I'm a developer, not an electrician or circuit designer) that makes some part of operation less efficient, to avoid infringing on some random company's IP.Apparently the company that made the cloned S9 hash boards almost doubled the hashrate on them. However that means there would either have to be more chips on board or they essentially overclocked a board, which would mean that modifications would need to be made to the firmware and to the microcontroller on the hash board.
Having a trace somewhere that is slightly longer wouldnt effect things too much as far as i know. But any change, in the end, is a modification.
The companies which produce cloned FPGA board clones (like arduino clones) usually tend to use a slightly different version of the ram chips or some other chip on board which then they can sell for a profit.
Making a one to one copy of the hash board like i suggested/planned on doing shouldnt have any considerable difference in the hashrate, provided that the PCB used matches the appropriate ratings for the amount of heat and current that is going to be passed through it.
But this, indeed, is quite an expensive endeavour so i definitely should try it out with an older model first. I am gonna keep searching for someone who could help me copy the PCB in the meantime and i'll update this if i find any useful information on it. Thanks!
Another member(he can reveal himself if he wants to) and I were contacted by a Chinese manufacturer who did something almost identical to what you are trying to archive, they made their own hash boards which were more efficient than the regular S9 hash boards, and their own firmware which you had to deploy on the default controller of the S9 (the hash boards won't work with the default firmware).
The company wanted economical consultation in terms of pricing, I contacted a few major resellers in China, Russia, and the U.S, and sadly the final sale price was not tempting enough to convince anyone to get those hash boards, mind you the company that did this is located in china, and they paid us just for the consultation, they clearly had the money and the manpower needed for that job, and the results were not so great.
I am not aware of where did they go wrong or how difficult it was, but I am certain they had more skills, money, and resources than you do, which is one of the main reasons why I told you in my first comment that this "won't work", it wasn't a blind baseless statement, I hope the above information will be beneficial to you oneway or the other.
Good luck.
Its obvious that the custom made hash boards wont hold as much value as the original hash boards if you're trying to sell them. Because essentially what you're doing is substituting the physical labor, time and effort that you are going to put into assembling the thing to save yourself some cash which you woud need to buy a new hash board (in my case anyway, but i am sure it was the same for that company).
Mass producing and selling custom made hash boards is gonna be way less profitable than making a few of them for yourself to use for mining because, as you said, people would rather go for the original ones since the price isnt gonna be much more different.
As for the custom firmware, it was most likely because they produced a modified version of the hash board to run on the control board for the S9. I am pretty certain that making a one to one clone of a board will not require a custom firmware to be flashed on the control bobard and it should just work because every single bit of data is freely accessible on the microcontroller.
I don't why but I think you are under the impression that I am trying to make you change your mind as if I own a huge chunk of the mining industry, it is actually the exact opposite, I am a buyer I would most certainly love to see the likes of your idea get implemented so I can buy cheaper gears.
But I know for a fact that it won't make any economical sense, ignore the little details and just look at the big picture, you are trying to compete with multi-billion dollar companies, if Bitmain, MicroBT, Canaan or Inno had a way of making an S19 equivalent for less than the market price they would have done just that, they won't leave this money making opportunity to the average joe.
This means there are some hidden and unknown costs that you don't seem to be aware of (I am not aware of them either), you seem to be simplifying the matter way too much, this is either overconfidence or pure misunderstanding of how things are.
You claim that you can make a mining gear that goes for 14k for just under 6k + the PCB cost, then my words hold no meaning at all, go ahead and do it, meanwhile, you might want to test on a cheaper gear like the S17 or S9 given that the success rate of this operation isn't too high.
Good luck
But I know for a fact that it won't make any economical sense, ignore the little details and just look at the big picture, you are trying to compete with multi-billion dollar companies, if Bitmain, MicroBT, Canaan or Inno had a way of making an S19 equivalent for less than the market price they would have done just that, they won't leave this money making opportunity to the average joe.
This means there are some hidden and unknown costs that you don't seem to be aware of (I am not aware of them either), you seem to be simplifying the matter way too much, this is either overconfidence or pure misunderstanding of how things are.
You claim that you can make a mining gear that goes for 14k for just under 6k + the PCB cost, then my words hold no meaning at all, go ahead and do it, meanwhile, you might want to test on a cheaper gear like the S17 or S9 given that the success rate of this operation isn't too high.
Good luck
I agree with that one, hidden costs could and do usually come up at any point in time that i dont know of since the price is always fluctuating.
The reason i am confident and almost a little too confident about this is because i've worked on repairing asic miners and particularly the control and hash boards for a long time, i essentially built two hash boards by parts for an s17 pro where i used the chips and microcontroller from one and the pcb from another and sourced the other components on the internet. This is essentially the exact same thing with the difference that the pcb is required to be manufactured rather than sourced from a different miner.
But this, indeed, is quite an expensive endeavour so i definitely should try it out with an older model first. I am gonna keep searching for someone who could help me copy the PCB in the meantime and i'll update this if i find any useful information on it.
Would really appreciate if you at least read
I read every single bit of it, twice, and I have no changed my mind, this will NOT work out as far as the economy is concerned.
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My whole point of writing the post was the fact that i personally know someone and i can maybe get my hands on at least some chips for near cost price
This does not make sense, there is chip shortage and high demand, your "someone" can sell the chips for a large profit if they are indeed getting them near or at cost price, so no, nobody is going to give you cheap chips, and then even if that was the case, you are better of reselling the chips for a premium than trying to reinvent the wheel.
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and the fact that assembling the miner on your own from parts is somehow costing much much less than what its going for.
That is not a fact, it's an assumption, there is a technology edge you seem to miss here, just by accruing the parts needed to make something does not mean you can "assemble" it cheaper than the manufacturer if this was the case, everyone would be making their own cars, TVs, phones and whatnot, your theory is only partially valid if you had nothing else to do, in other words, your time is worthless and thus there is no loss of opportunity cost.
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Moreover that aside, checking with other sellers on alibaba at the time of writing this message, the chips are going for around $10 to $14 maximum
I highly doubt that, they just don't know the latest prices and don't even bother asking their sources, try to make an order and you will be hit by the real prices, but then really the exact number does not matter, the price will be a reflection of the whole market, and the important part is that the total cost of the gear you are going to assemble is not going to be lower than the market price, be it $20 per chip of 20 chips for $1.
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As for the market not getting flooded with no-name miners, if the company is able to self-assemble the miner at less than half the amount of what it costs then the ROI is so quick that its not worth the risk to lose money by putting it up on the market.
This does not make sense, if the profit margin is as HUGE as you think, then nobody would have enough resources to run all those gears, someone would have made tens of thousands of them and fully utilized every bit of power they have and will eventually have to start selling, also there are no-name gears coming online, we are watching the hashrate very closely, everything points to a massive shortage in gear making across all the major manufacturers, I hate to break it to you but, NO, nobody is assembling S19s for a fraction of they go for.
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All i am saying is that, In theory there is no reason why it wouldnt work and i might put some funds into this in the coming months and it would be great if someone with pcb manufacturing ability is willing to help.
And I did not disagree with this, my whole point was economical, I know the technical part will be workable somehow, everyone can manufacturer almost everything, it all boils down to the cost and quality of the end product, there is no way on planet earth that a single person like you or I can beat the market, do you have the slightest clue how long it is going to take you to solder 342 chips which is probably the easiest part of your experiment?
I don't want to sound rude, but it's funny that you think you found a glitch in the game or a money printing machine which ONLY you know about, it's crazy because it sounds just like perpetual motion.
With that being said, if this is to be done for the sole purpose of learning or having fun, I'd go for it, but if you think you will assemble a miner at a reasonably lower price than the current markets, well, good luck.
I respect your opinions but i just simply disagree with most of what you said. Some of your opinions seem to be dependant on more of a "what can" instead of "what is" while the others are flat out contradicting mine without a valid reason.
I asked the sellers to make me an invoice along with shipping and handling and i am literally able to purchase the chips for $10 to $14 depending on the quantity with around $30 shipping (not including customs and handling).
No ones talking about cloning an s19 pro miner, this is about cloning the main PCB thats found in that miner. As for the time and soldering of the chips on the board, i am a software developer and i do hardware repairing job as a hobby on the side and hold over 6 years of experience. I can easily get access to BGA rework stations if need be. As stated before, getting 3 hash boards with 342 chips ready would take me no longer than around a day or two provided that i have a good PCB, excluding the hours it takes to reprogram the microcontroller.
As for everyone making their own cars and Phones. Think of it as replacing the wheels of an already intact car with aftermarket ones and replacing the screen of a phone with an aftermarket screen. (in a perfect scenario because nowadays even some screens are hardware locked to the phone).
You clearly dont have your research on the parts market and your statements simply state "this will not work because no" instead of a good explanation. Every bit of information i have shared can be traced back and confirmed if you do your research at least at the time of writing this post.
I was told that each hashing chip costs about $2 and some select few companies can hook you up with the original ones.
That's far from accurate, the BM1398BB chips which are used on the S19 cost over $20 (ignore prices on Alibaba/Aliexpress because those are either scammer or failed to update the price list).
So for an S19 pro you going to need 114*3*20 = $8,640 in Chips alone, you might find them a bit cheaper, but nothing remotely close to the 2$ mark.
But what i do know for sure, and i am sure you'd agree, is that its still not going to cost anywhere close to $10k.
I disagree, and I am certain that it will cost you above $10k, you are trying to beat bitmain into making a "cheaper" gear is daydreaming at best, honestly, I think any rational thoughts should be based on the fact that ALL markets on planet earth eventually get to an equilibrium, whereby the "arbitrage" profit becomes too small.
So with that in mind, you have to keep in mind that there are a dozen of businesses there, including some Chinese BILLIONAIRES who have access to more resources than you do, they have hundreds if not thousands of staff and robots, if "cloning" an S19 pro today costs less than 10k, everyone and their grandmother in China would be doing that, the S19 pro sells for 14-15k in China, and it's selling HOT.
That 14-15k isn't a random number that Chines sellers decide over their wechat chat-room, it's a perfect mix of supply and demand, NOBODY was able to increase the supply and that's why the price hasn't dropped if what you think is true, the markets would be flooded with a no-name 110TH miners or so, but why aren't there any? unless you think you know things that nobody else does, which is unlikely.
I really admire your ambition, but what you are trying to do is worse than reinventing the wheel.
Would really appreciate if you at least read the whole thread before jumping to conclusions.
My whole point og writing the post was the fact that i personally know someone and i can get my hands on at least some chips for near cost price.
Moreover that aside, checking with other sellers on alibaba at the time of writing this message, the chips are going for around $10 to $14 maximum, dont have to take my word for it, you could inquire with alibaba sellers yourself.
114*10*3 = 3420
add around 200 for the control board and 250 to 280 for a psu
The rest depends on the cost of cloning the PCB
You are still looking at less than half the price of what the miner is going for (14 to 15k).
Now am i saying that everything is going to be 100% geniune and is going to work on the first try?
no, Nothing is certain, but then that goes for the whole crypto scene/market alltogether.
All i am saying is that, In theory there is no reason why it wouldnt and i might put some funds into this in the coming months.
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For someone with a tiny bit of experience with BGA and SMD components, getting a hash board ready would take no longer than an hour.
That is a vast oversimplification of making hash boards...This is a very high power density application that requires special attention to the thermal properties of the boards and where the chips mount. Specifically, the need for very thick power planes and a dense pattern of thermal vias under each of the chips to pull heat away from them and transfer it to the backside heat sinks.
May I refer you to part of the results from forensics I did for AMT back in 2014 regarding why their hash boards were literally going up in flames https://bitcointalk.org/index.php?topic=569769.msg7610684#msg7610684
For s19 pro there are three hash boards and each hash board has 114 chips on it, meaning 72 chips on each size of the board.
The chips are running in parallel to one another, if the temperature on any of the chips goes above 85C (185F), the chip stops functioning.
Now even though the thermals are well managed i am sure manufacturing the PCB would rquire some specific things to be taken care of but, then again, thats where my knowledge of PCBs end and thats exactly what i need help with.
My point by the above statement was assuming that if we have a properly cloned PCB, slapping on the components isnt really too hard of a task.
The control board and the hash board require separate voltages. In my opinion the best bet would be to spend the $300 to get an actual PSU thats meant to work with the miner. This then means that the only component thats not factory is the hash boards (and the fans). The hash boards simply have some SMD diodes for reverse current protection and some capacitors along with the BM1398BB chips.
I'm pretty sure the hash board will draw a lot more current than the control board, right?
Somehow it's hard to find digital PSUs on Amazon that can output 150A and not some low amount like 5A or 10A, which makes me wonder whether high-power drawing PSUs are are only readily available from generic sellers on Alibaba (considering most of the PSUs end up in China anyway)?
Alibaba does have services where you can send in a pcb and they'll clone it for you for cheap (again, pcb = just the board no components on it). But i sadly dont have a board i can sacrifice, hell there isnt even a proper image of the board on google yet -_-
But then how are you going to mount all the components onto the cloned PCB when you don't have duplicates of them? That's assuming you can somehow find out the model numbers of them all.
The PSU can supply a max of 12-15V 233A to the hash board while it only supplies 12.3V 15A to the control board as seen from the datasheet of the PSU on bitmain's website linked below :
https://shop.bitmain.com/product/detail?pid=00020210302152412332Xrq3G3E60644
As for the mounting of all the components, they are cheap and available to buy from any component website or even alibaba including the main hashing chips and all other ICs as i stated before.
For someone with a tiny bit of experience with BGA and SMD components, getting a hash board ready would take no longer than an hour.
This, however does come with a caveat. The boards do have a microcontroller on them if i remember correctly to communicate with the control board. (i'll update with the exact controller model once i get the chance). But the data pins on the controller are freely accessible on the board itself. Copying over the code from the controller to another should not be a hard task at all.
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I wonder if a part like this would work: https://aliexpress.com/i/4000307508670.html ? This is an external part so I'm not too sure how you'd connect it to the casing.
As long as that PSU is externally controllable/programmable, it is exactly what is needed. Of course readouts of voltage & current are not required 
The key point is one needs to know how to communicate between the controller and PSU: Is it digital (I2C) or analog (0-10v = 0-100%)? Does the PSU report back to the controller to give basic status and actual voltage & current output?
The control board and the hash board require separate voltages. In my opinion the best bet would be to spend the $300 to get an actual PSU thats meant to work with the miner. This then means that the only component thats not factory is the hash boards. The hash boards simply have some SMD diodes for reverse current protection and some capacitors along with the BM1398BB chips.
Now speaking from experience, i've replaced hashing chips on antminer s17 pro in the past and they tend to work normally, the hash board does not look much different than s17 pro's hash board so i am pretty certain that the chips themselves are not tied to the control bobard in any way.
If someone manages to help with copying a hash board pcb for cheap then we're basically looking at an s19 pro for around $2000 if not cheaper.
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A generic 12v 20a power supply that s19 pro needs costs a mere $60 where i live.
The miner does not use a generic 12v PSU and what they use delivers a lot more than 20A. 12v*20a=240w so not even close to the over 3kw the s19 pulls. Modern miners use variable output PSU's that adjust the voltage to between 15-20vdc at well over 150amps.Ah then to jerry rig something together one would need two power supplies with the outputs as mentioned in the link below, one to power the chips and the other one to powet the control board.
https://shop.bitmain.com/product/detail?pid=00020210302152412332Xrq3G3E60644
Still, not outta the equation considering that the variable output power supplies are going for quite cheap on chinese websites.
The main chips receive around 12-15v at 233A apparently and the control board is 12.3V at 15A (i think)
This topic has been moved to Development & Technical Discussion.
https://bitcointalk.org/index.php?topic=5335377.0
https://bitcointalk.org/index.php?topic=5335377.0
Hi there!
Recently i bought two S19 Pros and ended up blowing the PSU on one of them which lead me to open it up and replace some mosfets to fix it.
While i was at it i decided to give the rest of the miner a clean so i dove in and began doing that. While in the process of cleaning i took a note of the components inside on the main hash boards and the control board.
I have a friend in china who used to be a business partner of my cousin and she now works for a ASIC miner distributor company via alibaba. I got in touch with her to talk about the making of these machines to get some more insight.
Now in the two hour long conversation i learned quite a bit about it and i will be sharing a few of the things i learned.
The reason its almost impossible to buy miners straight from bitmain or other mining companies is because they look for high profits rather than customer satisfaction, there are underground bids which take place between large distributors and the highest bidding company gets the cake. This happens weeks before the miners are released on their website for purchase.
Cutting to the chase. The distributor company that my friend works in used to be a PCB manufacturing company. They buy BM1398BB hashing chips straight from bitmain and manufacture their own hashing pcb's by cloning one of the original ones and end up oil cooling them. Now to me, all of it makes sense since all an ASIC miner has is a control board, a power supply and a few hashing boards. None of the components are tied to one another when it comes to the hardware.
Now while its possible to clone the control board and the information on it is as follows, it looks like its quite a tedious task considering that the actual board is quite cheap to buy straight from bitmain.
CPU : XC7Z007S-1CLG225C
DRAM : M15T2G16128A (2L)
NAND Flash Memory : MT29F2G08ABAEAWP 2GB
Network Chip : PPT PM44-11BP
The linux based firmware that is stored on the flash memory is later witten to the DRAM at runtime and is available to download on bitmain's website and can be flashed using the sd card slot on the control board.
Anyhoo, oil cooling being a whole different story, I was told that each hashing ship costs about $2 and some select few companies can hook you up with the original ones. Which leaves me with needing a control board which costs around $200 and wiring which costs around $50. A generic 12v 20a power supply that s19 pro needs costs a mere $60 where i live.
Now of course i did not include the small components like heat sinks, housing, tax and shipping costs and such.
But in hindsight if i were to build the whole thing on my own, it would cost a profusely less amount of money considering that these are going for around $10,000 per unit at the time of writing this post.
I've been interested in this since i learned about it a few months back, but i lack the ability to clone boards and funds to get access to a board.
My point of writing this post is to learn more about things that i might have missed and/or to maybe try out this project with someone who thinks they can help and finds this interesting.
Recently i bought two S19 Pros and ended up blowing the PSU on one of them which lead me to open it up and replace some mosfets to fix it.
While i was at it i decided to give the rest of the miner a clean so i dove in and began doing that. While in the process of cleaning i took a note of the components inside on the main hash boards and the control board.
I have a friend in china who used to be a business partner of my cousin and she now works for a ASIC miner distributor company via alibaba. I got in touch with her to talk about the making of these machines to get some more insight.
Now in the two hour long conversation i learned quite a bit about it and i will be sharing a few of the things i learned.
The reason its almost impossible to buy miners straight from bitmain or other mining companies is because they look for high profits rather than customer satisfaction, there are underground bids which take place between large distributors and the highest bidding company gets the cake. This happens weeks before the miners are released on their website for purchase.
Cutting to the chase. The distributor company that my friend works in used to be a PCB manufacturing company. They buy BM1398BB hashing chips straight from bitmain and manufacture their own hashing pcb's by cloning one of the original ones and end up oil cooling them. Now to me, all of it makes sense since all an ASIC miner has is a control board, a power supply and a few hashing boards. None of the components are tied to one another when it comes to the hardware.
Now while its possible to clone the control board and the information on it is as follows, it looks like its quite a tedious task considering that the actual board is quite cheap to buy straight from bitmain.
CPU : XC7Z007S-1CLG225C
DRAM : M15T2G16128A (2L)
NAND Flash Memory : MT29F2G08ABAEAWP 2GB
Network Chip : PPT PM44-11BP
The linux based firmware that is stored on the flash memory is later witten to the DRAM at runtime and is available to download on bitmain's website and can be flashed using the sd card slot on the control board.
Anyhoo, oil cooling being a whole different story, I was told that each hashing ship costs about $2 and some select few companies can hook you up with the original ones. Which leaves me with needing a control board which costs around $200 and wiring which costs around $50. A generic 12v 20a power supply that s19 pro needs costs a mere $60 where i live.
Now of course i did not include the small components like heat sinks, housing, tax and shipping costs and such.
But in hindsight if i were to build the whole thing on my own, it would cost a profusely less amount of money considering that these are going for around $10,000 per unit at the time of writing this post.
I've been interested in this since i learned about it a few months back, but i lack the ability to clone boards and funds to get access to a board.
My point of writing this post is to learn more about things that i might have missed and/or to maybe try out this project with someone who thinks they can help and finds this interesting.
Unfortunately just about no one india buys these miners because of a few reasons.
1. They dont know about mining
2. They think it is dead and not profitable.
Now even if someone did buy these, it would be in a limited quantity for personal use and no one is going to sell a PSU off from their miner locally.
I know this because importing these miners to india from china has a very lengthy procedure that most people dont know how to follow, even bitmain official website does not ship to india because of this.
Even if someone manages to do the right paperwork and manages to find the right shipping service for it, its still going to be a hit or miss because sometimes the people at customs end up stealing the package. (unless you know how to deal with it *wink* *wink*).
My only option is to pay the heavy import fees and everything and get the PSU from someone outside india.
1. They dont know about mining
2. They think it is dead and not profitable.
Now even if someone did buy these, it would be in a limited quantity for personal use and no one is going to sell a PSU off from their miner locally.
I know this because importing these miners to india from china has a very lengthy procedure that most people dont know how to follow, even bitmain official website does not ship to india because of this.
Even if someone manages to do the right paperwork and manages to find the right shipping service for it, its still going to be a hit or miss because sometimes the people at customs end up stealing the package. (unless you know how to deal with it *wink* *wink*).
My only option is to pay the heavy import fees and everything and get the PSU from someone outside india.
I live in india and i have a few S19 Pros which i use to mine bitcoin.
However the electricity supply is quite poor where i live and i ended up burning out the power supply of one of the miners.
Thankfully the miner is okay when tested using a working supply and i can fix the burnt one by replacing some mosfets.
However i am not sure if it will be a lasting repair.
I am looking to buy a new PSU and i am hoping if i could get it for around $150, which i know is quite near the actual cost price on bitmain's website but i am very low on funds due to covid.
I can pay the shipping charges and everything as well.
I would be very greatful if i can get some trusted escrow suggestions and offers on this since i am quite new to this on here.
Thankyou
However the electricity supply is quite poor where i live and i ended up burning out the power supply of one of the miners.
Thankfully the miner is okay when tested using a working supply and i can fix the burnt one by replacing some mosfets.
However i am not sure if it will be a lasting repair.
I am looking to buy a new PSU and i am hoping if i could get it for around $150, which i know is quite near the actual cost price on bitmain's website but i am very low on funds due to covid.
I can pay the shipping charges and everything as well.
I would be very greatful if i can get some trusted escrow suggestions and offers on this since i am quite new to this on here.
Thankyou
Re: Importing ASIC miners to india from websites like Alibaba?
@Heisenberg_Hunter
Thanks for such a well put together reply!
i'll try my best to keep this as updated as i can
I would assume thats the exact reason the seller told me about KingTrans being safer, because according to my research the package ultimately ends up being taken care of by the India Post once it enters the country.
Thanks SO SO much for this information, i'll make sure to shoot him a DM the next time i need to order something.
I wonder what the total price difference would be when using an escrow service vs ordering from alibaba (assuming all of this goes well). Because alibaba has quite a huge amount of fees while ordering a miner.
Alibaba charges 3% of the total cost from every sale made by the sellers so the sellers add that 3% in the total cost of the order. Along with that theres a huge amount of visa fees when paying through alibaba.
so i wonder how that would boil down to when compared to the escrow service fees and everything.
Thanks for such a well put together reply!
I have absolutely no idea on this since I have never shipped miner to India, but I am thinking about the possibilities to do something in the future. I might even proceed with my first purchase on how well you receive your order.
i'll try my best to keep this as updated as i can
I have imported and exported various other items including precious metals to and from India and all my experience was that it went good with India Post/USPS or other country posts. There are quite less checking with government postal while comparing with premium shippers. I am going to try importing items using Royal Mail(UK) for the first time in a couple of days and I will try to post an update here.
I would assume thats the exact reason the seller told me about KingTrans being safer, because according to my research the package ultimately ends up being taken care of by the India Post once it enters the country.
The best shot would be to go with Mantis Escrow and DIstribution & Courier service hosted by the trustworthy minerjones for your future dealings. MJ can take care of your shipping AFAIK and might help you in getting them safely.
Thanks SO SO much for this information, i'll make sure to shoot him a DM the next time i need to order something.
I wonder what the total price difference would be when using an escrow service vs ordering from alibaba (assuming all of this goes well). Because alibaba has quite a huge amount of fees while ordering a miner.
Alibaba charges 3% of the total cost from every sale made by the sellers so the sellers add that 3% in the total cost of the order. Along with that theres a huge amount of visa fees when paying through alibaba.
so i wonder how that would boil down to when compared to the escrow service fees and everything.
Re: Importing ASIC miners to india from websites like Alibaba?
⭐ Merited by Heisenberg_Hunter (1)
I have been following the mining trend in India and as far my calculations go it is not profitable, not sure why you are ordering these miners anyway.
No, I haven't bought any miners in such miners but I hope what you ordered is legit and you get them in working condition.
One suggestion would be to check the "computer hardware" section of this forum where we have many trusted users buying and selling mining and mining related equipment. Rest assured you would not be scammed by the trusted users there but you should use an escrow none the less, although again I lack information as to who does such escrows in this subcontinent. Maybe some of our well known users here would be willing to.
No, I haven't bought any miners in such miners but I hope what you ordered is legit and you get them in working condition.
One suggestion would be to check the "computer hardware" section of this forum where we have many trusted users buying and selling mining and mining related equipment. Rest assured you would not be scammed by the trusted users there but you should use an escrow none the less, although again I lack information as to who does such escrows in this subcontinent. Maybe some of our well known users here would be willing to.
According to my calculations and the electricity rates in my area, of $0.07 i would be making pretty good profit if i actually receive these two actually.
Oh thanks for the info! i might actually wanna take a look around there.
Adding an update to the post for 28th of August :
The main issue here in my country is not the legitimacy of the miners as much as it is with the customs holding the packages and never clearing them.
The customs have been known to even dispose off the mining hardware that enters india or in rare occassions having the customer to ship the product back to the seller paying the visa fees and shipping costs all over again.
I was wondering if there are ways or lesser known courier services who ship to india and would clear the packages, KingTrans apparently being one.
Now i dont know if its legit (i asked in the off topic section about it).
But the seller i am buying this from apparently has and shared tracking numbers of customers from india who purchased miners from them in the last month.
http://ecg.kingtrans.cn/WebTrackHere is the link i was sent where i was able to track with the numbers provided.
The website looks fishy and almost fake, but looking into it a bit more, the website has decent traffic and is about 50 years old.
The seller claims that even if the package through this service takes a few more days to arrive, the people working in this service "help" you with the customs if your package gets stuck .
I am somewhat inclined towards asking the seller to ship my orders via this service rather than DHL since i am taking a risk anyway and DHL has been known to dispose off mining hardware BUT i am not quite sure about it yet.
What do you think would be my best shot to make all this work?
mocacinno : done!
jackg : well, if you see https://bitcointalk.org/index.php?topic=5271685.0 you'll know half the story. Continuing on that, the package has not been shipped yet and the seller has shown me the tracking information of a customer's package through kingtrans where the customer has successfully received the item. The seller claims that these people are better than dhl at clearing the customs for you even if they take a bit longer. So since i am taking a big risk already, i'd rather go with the best shot that i've got. After doing some research on it of course
jackg : well, if you see https://bitcointalk.org/index.php?topic=5271685.0 you'll know half the story. Continuing on that, the package has not been shipped yet and the seller has shown me the tracking information of a customer's package through kingtrans where the customer has successfully received the item. The seller claims that these people are better than dhl at clearing the customs for you even if they take a bit longer. So since i am taking a big risk already, i'd rather go with the best shot that i've got. After doing some research on it of course
is http://ecg.kingtrans.cn/WebTrack legit?
the website looks terrible and has whois masking
i've been told it is a courier service just like special line
easycounter.com shows that the website is 50 years old and owned by Shenzhen Yiyutong Technology Co., Ltd.
i am worried if this is owned by the seller's company himself and they add fake tracking info whenever they want to.
the website looks terrible and has whois masking
i've been told it is a courier service just like special line
easycounter.com shows that the website is 50 years old and owned by Shenzhen Yiyutong Technology Co., Ltd.
i am worried if this is owned by the seller's company himself and they add fake tracking info whenever they want to.