Topic: [ANN] xCrowd*US/UK*TH/s+ Units (Read 49057 times)
what happened?
No one came forward saying they lost money but xCrowd put in some serious effort. If it wasn't for the promise of escrow I could see BTC pouring in after the website was released. It would have been a sad story. Going with pre-order BTC only is a serious risk and I don't see why people do it. The return shouldn't be where it is today, with a risk that high you should be seeing huge returns or no return but fully understand that when you give your money. I would have never gone with KNC if it wasn't for consumer protection via credit cards & paypal.
glad xCrowd ended like this.
glad xCrowd ended like this.
While no direct money was "lost" - people who signed up for a spot in line possibly provided personally identifiable information (name, address, phone number)... even the logins created for the site may be at risk if the same ones are used on other BTC related sites/exchanges/wallets...
those who use same password for more than one login do never get it
there are so many tools, like keepassX, pwgen and others
Wondering about the identifiably information. Ok, you know mr john doe in Texas is interested in miners, has this email and would spent $1.000, how does it help one ?
Yes, you can sell this data, but how does it justify the costs and time involved you had for setting up the website, making all this pictures, company registration, webshop system, etc ?
Just curious is anyone ended up getting burned by this guy since his site is down now and this was obviously a fake product.
Site is up, just the SSL certificate has expired.
http://www.xcrowd.co.uk/mining/home.html
the revoked certificate has been removed, actually there's no ssl at all on port 443,
Code:
me@host:/tmp$ telnet xcrowd.co.uk 443
Trying 192.185.228.70...
Connected to xcrowd.co.uk.
Escape character is '^]'.
GET / HTTP/1.1
Host: xcrowd.co.uk
HTTP/1.1 302 Moved Temporarily
Date: Fri, 25 Oct 2013 10:19:06 GMT
Server: Apache
Location: /404.html
Content-Length: 0
Content-Type: text/html
While no direct money was "lost" - people who signed up for a spot in line possibly provided personally identifiable information (name, address, phone number)... even the logins created for the site may be at risk if the same ones are used on other BTC related sites/exchanges/wallets...
Just curious is anyone ended up getting burned by this guy since his site is down now and this was obviously a fake product.
Site is up, just the SSL certificate has expired.
http://www.xcrowd.co.uk/mining/home.html
Just curious is anyone ended up getting burned by this guy since his site is down now and this was obviously a fake product.
He probably still would have made a decent chunk of money if he'd eschewed escrow payments. Most people wouldn't have ordered, but some still might have.
How about we all just chill and put the tinfoil hats away. Nothing happened so lets just leave it at that. If they have updates and more info then great and if not then it's still all good.
Nah clearly its more fun to make random assumptions with absolutely no evidence.
Umm dude how about pretty products that are totally impossible to realistically manufacture in a short space of time. Have you ever designed a product? Especially where time is critical and aesthetics aren't a functional aspect? You don't go designing good looking products that have lots of small parts that;
a) may break causing the product to catastrophically fail,
b) take unnecessary time to assemble,
c) require more people to employe reducing your margins.
Abdi was either out of his depth trying to demonstrate a customer base to raise funds for a product that could not realistically be made, or be trying a scam that fell apart as people began to demand secure payment methods.
The secure payment methods were already mentioned since day one, good try though, shouldn't you be in the KNC thread slobbering all over their knobs, when someone posts something negative? Again, no money was taken, nothing occured. Until xcrowd disappears for a year than you can talk shit all you want.
Even then you can't call it a scam because again NO MONEY WAS TAKEN, feel free to circle jerk eachother with random theories not based on a shred of evidence.
Re-read what I wrote and legitimise their design choices with the three constructive points I made, bare in mind I hold a masters in Engineering Design and Abdi does not. KnC are really building a product that exceeds any other offering and they are not embellishing on either claims for marketing purposes to promote best simulated outcome as fact to lure fundraising, like the competiting 28nm offerings, or pointless aesthetic design that hinders function with unnecessary complication to both the product and the assembly line like x-crowd. You cannot argue with facts.
The secure payment methods were already mentioned since day one, good try though, shouldn't you be in the KNC thread slobbering all over their knobs, when someone posts something negative? Again, no money was taken, nothing occured. Until xcrowd disappears for a year than you can talk shit all you want.
Even then you can't call it a scam because again NO MONEY WAS TAKEN, feel free to circle jerk eachother with random theories not based on a shred of evidence.
As I said, you don't know that. If the point of the scam was to bilk investors, he could've walked away with millions already, and all he had to do was show a few hundred/thousand pre-orders. So you all may have unwittingly enabled a scammer. Even then you can't call it a scam because again NO MONEY WAS TAKEN, feel free to circle jerk eachother with random theories not based on a shred of evidence.
How about we all just chill and put the tinfoil hats away. Nothing happened so lets just leave it at that. If they have updates and more info then great and if not then it's still all good.
Nah clearly its more fun to make random assumptions with absolutely no evidence.
Umm dude how about pretty products that are totally impossible to realistically manufacture in a short space of time. Have you ever designed a product? Especially where time is critical and aesthetics aren't a functional aspect? You don't go designing good looking products that have lots of small parts that;
a) may break causing the product to catastrophically fail,
b) take unnecessary time to assemble,
c) require more people to employe reducing your margins.
Abdi was either out of his depth trying to demonstrate a customer base to raise funds for a product that could not realistically be made, or be trying a scam that fell apart as people began to demand secure payment methods.
The secure payment methods were already mentioned since day one, good try though, shouldn't you be in the KNC thread slobbering all over their knobs, when someone posts something negative? Again, no money was taken, nothing occured. Until xcrowd disappears for a year than you can talk shit all you want.
Even then you can't call it a scam because again NO MONEY WAS TAKEN, feel free to circle jerk eachother with random theories not based on a shred of evidence.
How about we all just chill and put the tinfoil hats away. Nothing happened so lets just leave it at that. If they have updates and more info then great and if not then it's still all good.
Nah clearly its more fun to make random assumptions with absolutely no evidence.
Umm dude how about pretty products that are totally impossible to realistically manufacture in a short space of time. Have you ever designed a product? Especially where time is critical and aesthetics aren't a functional aspect? You don't go designing good looking products that have lots of small parts that;
a) may break causing the product to catastrophically fail,
b) take unnecessary time to assemble,
c) require more people to employe reducing your margins.
Abdi was either out of his depth trying to demonstrate a customer base to raise funds for a product that could not realistically be made, or be trying a scam that fell apart as people began to demand secure payment methods.
How about we all just chill and put the tinfoil hats away. Nothing happened so lets just leave it at that. If they have updates and more info then great and if not then it's still all good.
Nah clearly its more fun to make random assumptions with absolutely no evidence.
How about we all just chill and put the tinfoil hats away. Nothing happened so lets just leave it at that. If they have updates and more info then great and if not then it's still all good.
What do you think? Scam or not? Honest question, honest answer...
If we take the definition of scam technically, then no. Xcrowd took in $0 dollars, can't really call it a scam.
We don't know that for sure.
One person mentioned a 3rd party scam, even that doesn't qualify. Showing an investor proof of market and actual demand, to raise funding doesn't classify as a scam either.
It does if he runs away with the funding money after it's released to him.As of right now the only thing we can do is wait. There is no point in coming up with random assumptions.
You'll probably never hear from him again; the scam has run its course.If it's not a scam it's probably a test of this site, or some journalist writing a story on asic scams and we'll find out about it then. Perhaps if it was a journalist the goal was to find out how many people would try to bribe an ASIC manufacturer to get to the front of the line. The whole thing could be research on a story into BFL's foibles and corruption.
What do you think? Scam or not? Honest question, honest answer...
If we take the definition of scam technically, then no. Xcrowd took in $0 dollars, can't really call it a scam. One person mentioned a 3rd party scam, even that doesn't qualify. Showing an investor proof of market and actual demand, to raise funding doesn't classify as a scam either.
As of right now the only thing we can do is wait. There is no point in coming up with random assumptions. Either way people will almost never get a return on their investment with current hardware prices and sales. When you ran some calculations x-crowds units were negative.
When the hardware manufacturers decide to pursue normal business operations with normal margins, instead of insane 1000% profit margins, than it might make sense to buy hardware again. Until then I have bought shares in Labcoin and Icedrill to leverage the buying power.
The only way to make any money of hardware now is if you have a massively huge amount of money, hence the shares in the companies mentioned above. Or if Bitcoin's price skyrockets, but until that happens I will just sit on the sidelines before purchasing any overpriced, or hardware that is pre ordered.
What do you think? Scam or not? Honest question, honest answer...
Where is JohnyBigs??
[FYI] SSL certificate for domain xcrowd.co.uk has been revoked.
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