Topic: CoinCanary.org [No Longer Updated] - All Known Vendors and Status - page 9. (Read 35062 times)

DragonASIC added

I don't get your logic. ZTEX and Enterpoint are not Bitcoin ASIC specific vendors, just generic FPGA/ASIC producers. These are the companies that Bitcoin ASIC vendors would work with to produce their chips, they don't sell Bitcoin ASIC units directly. This is just focusing on Bitcoin ASIC hardware vendors for scam/legit viability as so many new ones are emerging.

They still sell for the bitcoin market which is why I mentioned them to be included. BFL also are "ASIC/FPGA design specialists" for other markets so I think with this premise, the aforementioned companies should be added.

On BFL website, it says - "Butterfly Labs manufactures a line of high speed encryption processors for use in bitcoin mining, research, telecommunication and security applications."

Besides, it makes it easier for noobs to make an informed decision of "who" sells "what" and if they are reliable.

New entries added.

ztex and enterpoint are both ASIC/FPGA design specialists, but not Bitcoin specific vendors, addition has been excluded

BLUE status added for companies that show more signs than not they are legitimate, but still awaiting confirmation that someone has an actual product in their hands to verify their integrity.

Add these guys.

https://bitcointalksearch.org/topic/m.1672838

CedarTec looks shady to me! Mainly because of the ridiculous low price I'm no expert, but 80 GH/s for 999$ feels wrong.. They also say they will have a delivery date of May 15th, which is a tad too good to be true..
And of course only way of paying is by BTC.


I've read your posts GPU Rigs, and you seem quite friendly and helpful, I really hope you won't make me lose faith in humanity by being a scam..
However on the positive side, will you be shipping from within the EU? That's the main reason I didn't preorder any ASIC's anywhere, as the shipping to Denmark from outside EU adds more than 25% to the price.. >.<

Is cloudhashing.com added to the list?

EDIT
====

Also add http://www.cedartec.net/ as under review.

Enterpoint.co.uk and ztex.de should be marked as cleared.

Done 

As noted I know some of these are already confirmed pretty much, I am still organizing the information. I want to include soon company profiles and reasons why or why not it is fraudulent.

Every entry will be reviewed fairly and backed up with facts. Avalon and BFL both have shipped real products and that is confirmed, though I would like this report to be complete before I greenlight them in full to avoid any mistakes that could lead someone to believe a company is real and then get ripped off. It should not be easy to be greenlit.

This, and why isn't Avalon green or even not on the list at all?

I would like more if you exchange the red and black

I've added GPURigs to the list, and presented a chance to refute on the other thread.

I think all of these pages above are the same thing unless there is evidence presented otherwise in the form of pictures, prototypes, something other than a blog post saying and some Easybake websites saying  "We're not a scam I promise!" Not good enough. The fact they all have ripped off Photoshopped BFL gear says volumes.

At the moment, mining hardware vendors are guilty until proven innocent with direct evidence that the hardware and the company is real.

I have answered another thread about our company website http://www.asicrigs.com in this thread https://bitcointalksearch.org/topic/another-asic-companycould-be-a-scam-169969 please feel free to continue posting any questions, concerns or comments you have in there (so that I can keep track of feedback and answer your concerns in a timely manner).

Thank you.

BFL has actually shipped products in the past, so I don't think so with then. BFL's problems stem from hyping too much and delivering too little, and being too disconnected with their clients (I am one of them too). But I think they will ship eventually. I give them the benefit of the doubt because they are now producing expensive custom hardware, and it just takes time to develop a new product like that.

I'm here to call out blatant scams, like those I posted above

I would say BFL, but opinions on that differ.

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I have decided to hang it up as far as updating this due to time constraints and a need to focus completely on my main mining ventures. CoinCanary.org forums itself will be re-forged into a general mining forum I will keep as a side project. Thank you all for following, I wish I had more time to keep this going, though as a mining entrepreneur myself I will be focused on leading by example over pointing out the falsities and scams of others, which was seeming like more and more of a conflict of interest in terms of bias calling out other businesses while I establish my own.

Stay safe and use your head out there!
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Donations: I will never request funds for this effort, however I have so far committed a decent amount of time to it so far, if you appreciate this and want to support me and the continued evolution of this thread all donations are very much appreciated: BTC - 15gX3iU7kGTHNN7Ka6f9cvKeEzpryvhr2y     LTC - LTNPLkb7gfg2WArDUADGREiC38vQdwSsrr
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Scam sites for Bitcoin hardware products and services are popping up all over, I think it is good to consolidate a list of all up and coming vendors and service providers with an assessment to whether they are fraudulent in nature or not, I will update this top post with new additions to the list.

Realistically with so many new companies appearing that are only in a development and funding stage, it is difficult to tell at this point between scammers and legitimate start-ups. Choose where to send your money wisely if no products have shipped out so far. As so many are awaiting their orders to ship, we will just have to wait and see.


Scam sites do have some telltale signs that can be considered red flags:

Pictures of hardware are obviously Photoshopped versions of another vendors gear

Products for sale that have not been confirmed to exist by the community or official representatives

Little to no information on the site about the company, it's physical location, etc.

Contact forms and phone numbers that go nowhere, or are never answered.

No known contact with company representatives  on these forums or others (seems likely real companies would be aware of these boards and active within them to answer questions)

Spelling errors, broken links, and other oddities across the website

Very low price point compared to similar vendors (if it seems too good to be true, it probably is!)

None of these points can be taken as direct evidence of a scam, but does point out a lack of presence other than a vague promise to deliver their product from their home website with no guarantee whatsoever. Any web developer worth their salt can generate a simple page with buy buttons in a few hours, preying on the current mania to scam early adopters. Once your BTC is gone, it is gone!

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This list is for informational purposes only If you choose to use this information to influence your purchasing decision, it is at your own risk. Neither I nor Bitcointalk.org are responsible if you get ripped off.
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Updated: 7/19/2013

If you stumble across an obvious hardware scam or otherwise fishy looking enterprise, post in here with who it is and why you think it is a scam.


Color Key

ORANGE: Awaiting Shipping/confirmed hardware in the wild

GREEN: Shipping/Shipping Imminent

RED: Scammy/Untruthful, be careful!


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Production ASIC Hardware
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Vendor			Main Discussion			Canary Reports
VMC			https://bitcointalk.org/index.php?topic=206488.60			http://coincanary.org/forums/index.php?board=29.0

AsicMiner - asicminer.com

Auctions ongoing for their BlockErupter Blade units https://bitcointalksearch.org/topic/asicminer-auction-50-block-erupter-blades-check-op-for-payment-189248

BlockErupter USB also shown to exist http://www.reddit.com/r/Bitcoin/comments/1dogrx/announcement_block_erupter_usb_300mhs_asic_miner/

CEO Freidcat appears to be one of the most transparent of any in this market

USB and Blade units confirmed to be in end users hands

Avalon ASIC - launch.avalon-asics.com/ (Product shipments confirmed in the wild)

Batch 2 is evidently shipping https://bitcointalksearch.org/topic/avalon-i-got-my-asic-thread-batch-2-146451, awaiting confirmation by end users

****Butterfly Labs**** - butterflylabs.com (several delays with the ASIC line, but they have shipped FPGA products in the past)

Jalepeno units are evidently shipping, ~40 units shipped so far. Still massive amounts of backlash against them from the community. BitForce line is nowhere to be found. An odd impasse, appears to be shipping but their business behavior is very scammy.

The Jalepeno apparently does exist     http://codinginmysleep.com/bfl-jalapeno-unboxing-and-demo/

Members of their own forums are starting to mutiny   https://forums.butterflylabs.com/pre-sales-questions/2697-thats-enough-im-done-bfl.html

I *myself* was banned from their forums, no response to refund request - after being as publicly disruptive as possible I was offered a refund within 5 days

So many anti-BFL threads here it will take me a while to compile them all

* They have apparently started their own charity foundation  https://forums.butterflylabs.com/content/134-butterfly-labs-donates-1000-btc-charity-bitcoin-related-projects.html

* Now offering bulk orders of ASIC chips despite not having a single BitForce machine shipped Appears machines are finally shipping


*new* German Bitcoin Mining  - http://www.german-bitcoin-mining.de/

Full Report

Labcoin - http://www.labcoin.com/

https://bitcointalksearch.org/topic/ann-labcoin-asic-v1-130nm300mhz-16-cores-chip-european-chinese-team-241033

RCM Miners -rcm-miners.com

Images are fakes

https://bitcointalksearch.org/topic/rcm-miners-181800



BitFury - https://metabank.ru/asic

Chips in the wild  

https://bitcointalksearch.org/topic/bitfury-metabank-asic-120-ghs-my-intermediary-services-221177

https://bitcointalksearch.org/topic/bitfury-asic-65nm-183368 (Russian thread)


Cryoniks - cryoniks.com

https://bitcointalk.org/index.php?topic=214378.new#new Cryoniks

https://bitcointalksearch.org/topic/cryonics-frosbit-claiming-1000ghs-15k-214526    Cryoniks

https://bitcointalk.org/index.php?topic=179747.20  Ed Trice scam

https://bitcointalksearch.org/topic/ed-trice-liquid-nitrogen-overclocking-inc-185565 more Ed Trice scam

*new article*   http://btcbible.com/crypteks-kickstarter-scam-continues-to-be-ignored/  

Many telltale signs of scammery in action. CEO was involved in a previous Kickstarter fraud

Seems like Ed Trice must be involved with the "nitrogen cooling units" but so no direct evidence has been found linking the two

No units shown to exist in real life


ASXProject - asxproject.com


BTCGarden - btcgarden.com

https://bitcointalksearch.org/topic/eyes-to-the-horizon-a-bitcoin-asic-project-will-be-announced-in-june-213172

From Yeemartin


 

*new* btcminingrig -   btcminingrig.com

Same images as gpurigs/asicrigs/gxmining, pretty sure these are all related to each other based on this and common looking site layouts. Need to research further.

Forum user GPURigs has gone silent it seems after "announcing" they were selling their business to another company.

GPURigs - gpurigs.com
https://bitcointalk.org/index.php?board=81.0. Photoshopped BFL pictures, similar to the ones on GXMining

Posted fake chip on Facebook


Both companies confirmed to be one in the same.

Shipping estimated to be early August 2013 by member GPURigs (stated in this thread)

Still taking money on their main site outside of escrow process, for reasons that they have not started "pushing" the site yet, but it is active and accepting BTC.

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DIY ASIC and Assembly Services
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SebastianJu's Avalon List

https://bitcointalksearch.org/topic/list-of-avalon-asic-miner-developers-and-assembler-192860



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FPGA Hardware
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SHA


Scrypt

BlockBurner - blockburner.net (admittedly there is no way I can be completely un-biased with this one as it is my own. We are not currently accepting funds, as we are not vaporware vendors. Our product is only on paper for the moment, that much is true. I started this list a while before BlockBurner was even a thing. In a way listing my own company here can be taken as a sign of our commitment against fraudulent acts and unethical practices, at this point should BlockBurner misbehave, our combined credibility will be destroyed. Obviously, my incentive is extremely high to deliver not only on our products but also maintaining an ethical and transparent business)

LTC FPGA - ltcfpga.com

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Shared Mining Services
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CloudHashing - http://www.cloudhashing.com

http://www.progressivebtcmining.com/

http://cognitivemining.com/

http://www.bitcoinbeastie.info/root/index.php/2-uncategorised/59-bitcoin-mining-contracts

HashRack hashrack.com

https://bitcointalksearch.org/topic/ehr4755ghs-hashrackcomhashpacks-05gh-as-low-as-025-btc-as-fast-as-50gh-188617

Awaiting shipments from BFL  



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Graveyard
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These sites are no longer active as far as I can tell and are currently offline

DragonASIC - http://dragon-asic.com/
Site is now offline

Flashman  (BFL forums)

PrimeASIC - primeasic.com
Site offline

GalaxyASIC - https://bitcointalksearch.org/topic/m.1672838 (no formal site noted)
Thread is dead, no further updates to be found

Hong Kong ASICs - hongkongasics.com

Seems pretty scammy

Site is offline/url for sale

(Mod note: It's useful to gather the really obvious cases in one place. But the forum can't hope to identify and list all scams as soon as they are announced. There are also many reasons to not list maybe-scams on a list like this— including a desire to treat business people serving our community with respect. So, just because something is not listed here does not mean that it's not a scam. Caveat Emptor.)

Thanks mods!