[ANN] xCrowd*US/UK*TH/s+ Units - page 7.

Anenome5

sr. member

Activity: 252

Merit: 250

Quote from: User705 on August 21, 2013, 01:13:09 AM

Quote from: Anenome5 on August 20, 2013, 11:32:28 PM

Here's a tough question.

XC offers hosted mining, only $44k & $5k a month. 30% down in escrow, of course.

Now, explain to me how the customer will ever know that they've actually delivered the unit.

All of this could be a beard for the hosting scam. Why are the hosting prices so incredibly high? To catch whales, of course.

You simply tell whale his device is hashing, send a few BTC to his wallet of choice as if it were part of a pool share, get him to release the escrow (multi-sig allows this without need for the escrow agent to even agree) and bam. Conned.

Watch out. We still have no idea who is behind Xcrowd, who the principals are, who's speaking on this account. I can't believe anyone has given them any money without that sort of forthrightness right away.

http://imgur.com/Xwa0jUQ

its pretty easy to prove hosting. Make it solo mine and the coins will be newly generated.

Could be a stack of Avalons or the like. You don't know until they can prove they have hardware. Right now they won't even prove who they are much less that other info.

arorts

sr. member

Activity: 408

Merit: 250

Quote from: abuelau on August 21, 2013, 06:25:50 PM

I actually also agree that those dimensions are way too big. The reason why I'm not concerned is that I will be hosting them myself, in my shed in the garden so even if it's the size of 3 fridges, that would still be okay. But if you are planning to put these in a colocation center, you will probably have some issues.

However, keep in mind that xCrowd already said those dimensions are not final. He will be posting the final ones in a couple of weeks once they have done some more investigational work.

Yup, I do know it's not final but having to bring my own electrician to add 30 or 50 amp circuitry is my Plan C or D. I doubt Xcrowd would mainly depend on this as the bulk of its Olympus customers or hope that "institutional" investors gamble $28k-$44k+ just in hosting alone plus at least 30% deposit before they even know if there's any ROI. That'd be kind of stupid, wouldn't it?
With their lower product lines this issue is much much less, which is counter-intuitive because this is supposed to be their flagship product and the one that should be more efficient. Until they show decent specs and not from the 50's, this product remains as NOT even suitable for colo.

eve

full member

Activity: 210

Merit: 100

Quote from: vgo on August 21, 2013, 01:16:21 PM

xcrowd, who are you??? Roll Eyes

You sell, from China Huh

from UK

Incl. VAT

Excl. VAT

Yes who are there? are they using the name of Escrow an Excuse not to reveal their Identity?

KS

sr. member

Activity: 448

Merit: 250

Quote from: SoggyLettuce on August 21, 2013, 06:57:04 PM

Quote from: ixxi on August 21, 2013, 06:54:52 PM

Quote from: bitcoinarnold on August 21, 2013, 06:39:16 PM

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

I guess you should change 'no brains' with 'risktakers'. I am sure early Bitcoin adopters were called 'brainless' by many people.

But yes, some proof would ofcourse be good.

Yep proof would be good but it is all escrow so it's not like we really are risking anything but liquidity of our coins.

I'm actually reading up on escrow scams. Maybe you should too.

@John K.: Kiss

SoggyLettuce

full member

Activity: 238

Merit: 100

Quote from: newmars on August 21, 2013, 06:59:04 PM

and some escrow fee?

Quote from: SoggyLettuce on August 21, 2013, 06:57:04 PM

Quote from: ixxi on August 21, 2013, 06:54:52 PM

Quote from: bitcoinarnold on August 21, 2013, 06:39:16 PM

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

I guess you should change 'no brains' with 'risktakers'. I am sure early Bitcoin adopters were called 'brainless' by many people.

But yes, some proof would ofcourse be good.

Yep proof would be good but it is all escrow so it's not like we really are risking anything but liquidity of our coins.

Well my order is only $215 so .5-1% fee isn't really anything. Although on larger orders it would become somewhat influential.

newmars

full member

Activity: 154

Merit: 100

and some escrow fee?

Quote from: SoggyLettuce on August 21, 2013, 06:57:04 PM

Quote from: ixxi on August 21, 2013, 06:54:52 PM

Quote from: bitcoinarnold on August 21, 2013, 06:39:16 PM

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

I guess you should change 'no brains' with 'risktakers'. I am sure early Bitcoin adopters were called 'brainless' by many people.

But yes, some proof would ofcourse be good.

Yep proof would be good but it is all escrow so it's not like we really are risking anything but liquidity of our coins.

SoggyLettuce

full member

Activity: 238

Merit: 100

Quote from: ixxi on August 21, 2013, 06:54:52 PM

Quote from: bitcoinarnold on August 21, 2013, 06:39:16 PM

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

I guess you should change 'no brains' with 'risktakers'. I am sure early Bitcoin adopters were called 'brainless' by many people.

But yes, some proof would ofcourse be good.

Yep proof would be good but it is all escrow so it's not like we really are risking anything but liquidity of our coins.

ixxi

full member

Activity: 154

Merit: 100

Quote from: bitcoinarnold on August 21, 2013, 06:39:16 PM

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

I guess you should change 'no brains' with 'risktakers'. I am sure early Bitcoin adopters were called 'brainless' by many people.

But yes, some proof would ofcourse be good.

bitcoinarnold

member

Activity: 63

Merit: 10

This is a scam until:

Proof of contracts are posted,
Proof of team are posted
Proof of chip are posted, (die shots, layout etc)

Until then I see no reason why anyone with a brain is putting their money into xcrowd. Then again there are a lot of people on this forums without brains.

Flying Hellfish

legendary

Activity: 1764

Merit: 1756

Verified Bernie Bro - Feel The Bern!

Quote from: SoggyLettuce on August 21, 2013, 05:47:07 PM

Is there a rule against using multiple accounts to try to spread an opinion of a business? I would like to see if it is possible for an admin to check if the ip addresses are the same.

The official forum rule about sock puppets, is they are explicitly allowed (because they can't stop them) coincidently account selling is also perfectly acceptable here. As far as I have seen the admins will not check IP's (mods apparently don't have the ability).

abuelau

hero member

Activity: 750

Merit: 500

www.coinschedule.com

I actually also agree that those dimensions are way too big. The reason why I'm not concerned is that I will be hosting them myself, in my shed in the garden so even if it's the size of 3 fridges, that would still be okay. But if you are planning to put these in a colocation center, you will probably have some issues.

However, keep in mind that xCrowd already said those dimensions are not final. He will be posting the final ones in a couple of weeks once they have done some more investigational work.

arorts

sr. member

Activity: 408

Merit: 250

Quote from: SoggyLettuce on August 21, 2013, 05:47:07 PM

I think we might need some confirmation from xcrowd on the response above because it seems very similar not only in content but grammar to attempts by eve and his sockpuppets to spread FUD about xcrowd. I find it very unlikely that arorts even contacted them.

Is there a rule against using multiple accounts to try to spread an opinion of a business? I would like to see if it is possible for an admin to check if the ip addresses are the same.

You can fantasize and have any amount of orgasmic dreams about conspiracy theories of having double accounts and all that ip address crap and it's good to know that you find something unlikely but in the end...who cares about opinions. It's all about facts.

My research is based on actual calls with the best colocation providers in the US and perhaps even the planet. Find the same info yourself unless you feel lazy enough to not do your own research. I do spend significant time doing investment projects due diligence. Whether you consider that FUD or not, nobody gives a shit. Facts are facts and if xcrowd is so insecure about its final product design that it had to mega-inflate its own specs to be on the safe side, guess what? That "safe side" is killing ROI in real terms whether anyone feels FUDish or not. Couldn't care less about that. Argue with facts, that's what you should be spending your time on.

SoggyLettuce

full member

Activity: 238

Merit: 100

I think we might need some confirmation from xcrowd on the response above because it seems very similar not only in content but grammar to attempts by eve and his sockpuppets to spread FUD about xcrowd. I find it very unlikely that arorts even contacted them.

Is there a rule against using multiple accounts to try to spread an opinion of a business? I would like to see if it is possible for an admin to check if the ip addresses are the same.

arorts

sr. member

Activity: 408

Merit: 250

Quote from: eestimees on August 21, 2013, 01:56:42 AM

So Olympus is

Unit Dimensions: W65"xH60"xD25"

that is in metric: wide 165cm, height 152cm, depth 63cm - good old mainframe times come to my mind.. where big "boxes with fans" did "something" and it was cool

Yes, they definitely earn the "MOST STUPID PRODUCT DESIGN EVER" award.

Here are a few email responses from colocation service providers I've been trying to get a quote. And I live in high-tech California!!!:

"The issue is that server would not fit into any of our cabinets or racks, they are all 19” wide."

****

"I sent the specs of your server to our sales engineer and he informed me
that your server is too big to even fit into a full cabinet and you
would need about 50Amps of power which is a lot. You have a very large
piece of equipment and might need a custom cabinet in order to host it
in a data center.

Unfortunately we would not be able to help you. "
*******

"I'm sorry but in your case we'd have to create a custom cabinet for that and we'd have to charge you at least $4000-$5000 per month given your very large power consumption and space required"

*******

abuelau

hero member

Activity: 750

Merit: 500

www.coinschedule.com

Except that....no one has given any money to anyone! They are taking orders but no one paid anything yet.

And when someone pays, it will not go to them but rather to an escrow.

KS

sr. member

Activity: 448

Merit: 250

Quote from: Anenome5 on August 20, 2013, 11:32:28 PM

Watch out. We still have no idea who is behind Xcrowd, who the principals are, who's speaking on this account. I can't believe anyone has given them any money without that sort of forthrightness right away.

^THIS

I was going to post a summary like that, beat me to it. Good to see someone is thinking.

@xCrowd: could you please explain the relationship between Sophia Jennah Ltd, Terra Deux Ltd and xCrowd, given Mr Adbdi Ismail Mahamud is part of all 3, they all exist (although they are very recent, 11/07/2013 for Terra Deux Ltd) and they are, for lack of a better word, interlocked?

TLDR, sorry if this has been explained before, I'm on a sabbatical Grin

abuelau

hero member

Activity: 750

Merit: 500

www.coinschedule.com

So what? It's all based on escrow. What is really the risk you are taking? I don't understand why you guys bitch so much, if they don't deliver you simply get your money back from the escrow. To me the only risk is having a couple of BTC tight up with in the escrow and losing the opportunity to invest those BTC somewhere else.

WastedLTC

hero member

Activity: 778

Merit: 563

This whole thing is just too weird for me... The design of the site and units are great but that's it. The rest gets too fishy for me.

Good luck!

vgo

legendary

Activity: 2072

Merit: 1019

xcrowd, who are you??? Roll Eyes

You sell, from China Huh

from UK

Incl. VAT

Excl. VAT

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: bit_wizard on August 21, 2013, 11:02:30 AM

Quote from: DebitMe on August 21, 2013, 10:57:13 AM

And, if I decide to take the difficulty insurance (if it rises by that much) and order a second unit at half price. Where does the second unit go into the waitlist? Will I get it with my original unit that was ordered, or will it be tacked on at the end of the waiting list?

+1

Maybe we could also address these concerns on their forum: https://www.xcrowd.co.uk/forum/

They have done a good job of getting things answered here, if you would like you may go and post it there, I am just trying to make sure a comprehensive FAQ is written up for the first page. Basically just submitting questions as they come to mind.

Topic: [ANN] xCrowd*US/UK*TH/s+ Units - page 7. (Read 49040 times)

Topic: [ANN] xCrowdUS/UKTH/s+ Units - page 7. (Read 49040 times)