Whenever a fresh company announces they are selling dedicated mining hardware for Bitcoin and Litecoin, the digital currency community is on high omzichtig. Overheen the past few years, various companies have claimed to suggest this type of service, albeit very few of them have bot able to produce on thesis promises. PH Miners Inc. is a fresh mining hardware company, and wij desired to find out if they can produce on their promises.
PH Miners Issues Major Press Release
A quick Google search for pH Miners Inc. yields no significant results, other than various copies of the press release the company has sent out overheen the past week . The company webstek does show up te 4th place on Google, but it doesn’t opoffering much substantial information.
It is not uncommon to see fresh companies kwestie press releases, spil it is an excellent way to build up extra exposure for the services they are attempting to suggest. However, press releases are usually accompanied by fully developed websites with several sources of useful information about the companies’ products.
General information on the company is hard to find spil well. Even however pH Miners has listed their office addresses on the webstek – two petite locations ter the United States and Japan – their company information is hidden te the WHOIS records.
Nevertheless, PH Miners CEO Eric Franklin seemed to be excited about his company’s products, stating :
“This is an arousing time te the cryptocurrency market, and it’s a good chance for us to release thesis two miners to people across the globe. Both Bitcoin and Litecoin have risen te value and popularity overheen the past several years, and more and more people, financial institutions and organizations are looking at them spil viable alternatives to more traditional, government-created currencies. After a fine overeenkomst of hard work from our team, wij are very pleased to officially launch thesis innovative cyber currency miners.”
The products suggested by pH Miners include a 25TH/s Bitcoin miner , at the price of $Three,000 USD. The company does not provide technical details on the machine, such spil which mining chips are being used. The only thing mentioned is that the chips are 16nm High-Performance Process chips. After reaching out to the company, a representative explained that “we have developed our own chips, wij have our own factory.
This bitcoin miner will consume up to 0.1 Watt vanaf GH/s, or a total of up to 2500 Watts at total stream. Strangely enough, the machine has an embedded Two,100 Watt power supply, which won’t be powerful enough to let the machine run at total power at all times. The company’s representative told us that this wattage discrepancy existed because they “set up the device to run on optimized spectacle and not overclock,” which evidently means that the included power supply should actually provide sufficient power.
Their 2nd product is a 1000MH/s Litecoin Miner , which can also be used to mine any other digital currency using the Scrypt algorithm. Similar to its Bitcoin counterpart, there is no useful chip information, presumably due to the company’s keuze that it manufactures its own chips. The webstek advertises that this chip is a 20nm High-Performance Process, which will consume toughly 830 Watts of electric current.
The Litecoin miner has an advertised warranty of 15 years, whereas the Bitcoin miner will “only” get five years of warranty coverage. The pH Miners representative told us that the warranty differences were based on algorithms that “estimated time for the device life under optimized spectacle.”
The Litecoin miner will set customers back by $Trio,000 USD, which is the same price spil the Bitcoin miner. While wij might expect Bitcoin miners to be more expensive due to its popularity compared to Litecoin, pH Miners told us that manufacturing costs for the two machines were almost the same, resulting te identical retail prices for both miners.
T he photos used for both products look identical, making it unlikely to distinguish inbetween the designs for either miner. The vormgeving similarities could just be outer however, because the company’s representative told us that they used the same case for both machines. The representative did not comment on the internals of the miners, however, so wij cannot be sure what is actually housed inwards the cases.
Free Shipping, No Company Visits
PH Miners wants to sweeten the overeenkomst by suggesting free shipping to any part of the world. The company will use courier services suggested by UPS and FedEx , ensuring delivery within three to seven business days. Free shipping is uncommon with mining hardware orders, since miners are generally mighty and rack up high shipping costs.
PH Miners will not permit customers or interested parties to visit their offices te person. According to their FAQ , there have bot “several cases of industrial espionage te the past.” When asked for comments, the company didn’t have much to say on this kwestie, telling us that “before wij launched our products . . . wij had some kwestie which resulted on [sic] a information spreading.”
All ter all, it emerges the suggesting by pH Miners raises more questions that it provides answers at this time. There is very little public information about the company. Virtually nothing is known about the mining chips used te their miners, other than the voorkoop that they were produced in-house. Identical cases on both the Bitcoin and Litecoin miners make it unlikely to distinguish any differences ter vormgeving, given the lack of information regarding internal components. Ultimately, no one is permitted inwards pH Miners’ facilities to confirm that their business is legitimate, due to the convenient excuse that they have had past problems with “corporate espionage.”
Previous scams te the mining toneel – such spil Butterfly Labs – make digital currency enthusiasts wary of any fresh companies that make big promises but suggest little information about themselves. PH Miners falls into this category, selling two different mining equipments at top-shelf prices while neglecting to give potential customers any substantial information about the devices. Wij can’t say for sure if you should be suspicious of pH Miners, but wij do advise that you be cautious. Invest te thesis products at your own risk.
What do you think about pH Miners? Let us know te the comments below!
Evan Faggart contributed to the writing of this article.
Pictures courtesy of Shutterstock, pH Miners