PH Miners: Should You be Suspicious?
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PH Miners: Should You be Suspicious?

THELOGICALINDIAN - Whenever a new aggregation announces they are affairs committed mining accouterments for Bitcoin and Litecoin the agenda bill association is on aerial active Over the accomplished few years assorted companies accept claimed to action this blazon of account although actual few of them accept been able to bear on these promises PH Miners Inc is a new mining accouterments aggregation and we capital to acquisition out if they can bear on their promises

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PH Miners Issues Major Press Release

Bitcoin.com_Bitcoin Mining pH Miners

A quick Google chase for pH Miners Inc. yields no cogent results, added than assorted copies of the columnist absolution the aggregation has beatific out over the accomplished week. The aggregation website does arise in 4th abode on Google, but it doesn’t action abundant abundant information. 

It is not aberrant to see new companies affair columnist releases, as it is an accomplished way to accretion added acknowledgment for the casework they are aggravating to offer. However, columnist releases are usually accompanied by absolutely developed websites with several sources of advantageous advice about the companies’ products.

General advice on the aggregation is adamantine to acquisition as well. Even admitting pH Miners has listed their office addresses on the website — two baby locations in the United States and Japan — their aggregation advice is hidden in the WHOIS records.

Nevertheless, PH Miners CEO Eric Franklin seemed to be aflame about his company’s products, stating:

The articles offered by pH Miners accommodate a 25TH/s Bitcoin miner, at the amount of $3,000 USD. The aggregation does not provide technical capacity on the machine, such as which mining chips are actuality used. The alone affair mentioned is that the chips are 16nm High-Performance Process chips. After extensive out to the company, a adumbrative explained that “we accept developed our own chips, we accept our own factory.

This bitcoin miner will absorb up to 0.1 Watt per GH/s, or a absolute of up to 2500 Watts at abounding load. Strangely enough, the apparatus has an anchored 2,100 Watt ability supply, which won’t be able abundant to let the apparatus run at abounding ability at all times. The company’s adumbrative told us that this wattage alterity existed because they “set up the accessory to run on optimized achievement and not overclock,” which allegedly agency that the included ability accumulation should absolutely accommodate acceptable power. 

Their additional artefact is a 1000MH/s Litecoin Miner, which can additionally be acclimated to abundance any added agenda bill application the Scrypt algorithm. Similar to its Bitcoin counterpart, there is no advantageous dent information, apparently due to the company’s affirmation that it articles its own chips. The website advertises that this dent is a 20nm High-Performance Process, which will absorb almost 830 Watts of electricity.

The Litecoin miner has an advertised assurance of 15 years, admitting the Bitcoin miner will “only” get bristles years of assurance coverage. The pH Miners adumbrative told us that the assurance differences were based on algorithms that “estimated time for the accessory activity beneath optimized performance.”

The Litecoin miner will set barter aback by $3,000 USD, which is the aforementioned amount as the Bitcoin miner. While we ability apprehend Bitcoin miners to be added big-ticket due to its acceptance compared to Litecoin, pH Miners told us that accomplishment costs for the two machines were about the same, consistent in identical retail prices for both miners.

The images acclimated for both articles attending identical, authoritative it absurd to analyze amid the designs for either miner. The architecture similarities could aloof be alien though, because the company’s adumbrative told us that they acclimated the aforementioned case for both machines. The adumbrative did not animadversion on the internals of the miners, though, so we cannot be abiding what is absolutely housed central the cases.

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Bitcoin.com_Bitcoin Mining pH Miners Doubtful Promises

PH Miners wants to sweeten the accord by offering chargeless aircraft to any allotment of the world. The aggregation will use bagman casework offered by UPS and FedEx, ensuring commitment aural three to seven business days. Chargeless aircraft is aberrant with mining accouterments orders, back miners are about abundant and arbor up aerial aircraft costs.

PH Miners will not acquiesce barter or absorbed parties to appointment their offices in person. According to their FAQ, there accept been “several cases of automated espionage in the past.” When asked for comments, the aggregation didn’t accept abundant to say on this issue, cogent us that “before we launched our articles . . . we had some affair which resulted on [sic] a advice spreading.”

All in all, it appears the alms by pH Miners raises added questions that it provides answers at this time. There is actual little accessible advice about the company. Virtually annihilation is accepted about the mining chips acclimated in their miners, added than the affirmation that they were produced in-house. Identical cases on both the Bitcoin and Litecoin miners accomplish it absurd to analyze any differences in design, accustomed the abridgement of advice apropos centralized components. Finally, no one is accustomed central pH Miners’ accessories to affirm that their business is legitimate, due to the acceptable alibi that they accept had accomplished problems with “corporate espionage.” 

Previous scams in the mining arena — such as Butterfly Labs — accomplish agenda bill enthusiasts alert of any new companies that accomplish big promises but action little advice about themselves. PH Miners avalanche into this category, affairs two altered mining rigs at top-shelf prices while apathy to accord abeyant barter any abundant advice about the devices. We can’t say for abiding if you should be apprehensive of pH Miners, but we do admonish that you be cautious. Invest in these articles at your own risk.

What do you anticipate about pH Miners? Let us apperceive in the comments below!

Evan Faggart contributed to the autograph of this article.

Source: Pr Newswire

Images address of Shutterstock, pH Miners