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Topic: FRAUD/SCAM ALERT ED TRICE, Liquid Nitrogen Overclocking Inc - page 13. (Read 72518 times)

sr. member
Activity: 378
Merit: 250
hi

just fyi,it s not the first time he is scamming customers,his ex employees and ex partners have confirmed me that there is at least 3 customers who have been cheated by him before me.he is expert in fraud and have already two arrests in his records.

all these things came out last week.

so even before btc or else,he is used to earn his life like this .frauding people,customers,employee(he owes 10k to one of them at least).


well,in a perfect world,this guy should never run a business and should sleep in jail,

unfortunately we are not living in a perfect world

sr. member
Activity: 462
Merit: 250
Free World
I meant to say... you were their first victim (I think)... because.. from the messages you posted... it sounds like their replies are "WAY OFF" bitcoins or mining hardware...

Yes their custom build PC can mine.. but not that much... and they are just bluffing about speed/bitcoin per day... until the day you sent them money and it works on their side...

they probably know about bfl/avalon and how their system works now (via google search)... (send money to start working on hardware)... well this was not the case on their business at first... and now they know it works... and they're probably trying to scam more people who wants easy money in bitcoin...

thus their new page of selling bitcoin miners...




are you suggesting that i knew before that this guy was a scam?

i don t really understand what you are trying to say but i was scammed by this guy, and i discover day after day that all this was bullshit

if i knew the first day about this behaviour,i would never have sent him the money


so clarify what you want to say


thanks

sr. member
Activity: 378
Merit: 250
are you suggesting that i knew before that this guy was a scam?

i don t really understand what you are trying to say but i was scammed by this guy, and i discover day after day that all this was bullshit

if i knew the first day about this behaviour,i would never have sent him the money


so clarify what you want to say


thanks
sr. member
Activity: 462
Merit: 250
Free World
This is just sick...

at first... i thought the buyer/seller we're not connected...

buyer wanted bitcoin.. and seller trying to sell custom build pcs... thus the LN overclocking business...

the buyer probably taught the seller how to scam bitcoiners... that's why he is now more eager to create more crappy speedy computers which will obviously not last long due to abuse...


sr. member
Activity: 378
Merit: 250
hi florida,

what i ve found odd here,is that these servers are more realistic one comparing to the two he promised me.

for sure, i would have never send him money if his proposals was the same as he has put online the 8 th of april 2013(3 weeks after my order)

obviously,this guy is deranged or something to act and lie like this openly

seriously he should visit a psyschiatrist or else


full member
Activity: 260
Merit: 100
The funny thing is that his "bitcoin" systems are just not cost effective, even if they were real (if he's using CUDA, they are certainly not real). Take the first one:

Code:
Product           CPU @ Speed   Total CUDA Core Count   Bitcoin Production   Price
Corporal Miner   Intel i7-2700K @ 5.00 GHz   2,668   0.10 Bitcoins/Day   $4,500

To obtain 0.1 BTC/day at current difficulty, you need about 1800 MH/s. Three 7950's will do that for you--a barebones system with a 1000W supply and 3 7950s would be maybe $1400. His (fake) system is $4500!

Why would he claim such low bitcoin production since he is clearly making up the numbers anyway? And they payback times are pure fantasy. Anything that takes more than a month or two to pay back if you plug it in today probably will not pay back for a long time, if ever.

Worst. Scammer. Ever.
sr. member
Activity: 378
Merit: 250
hi

this 50miner screenshot was is in fb,it seems he has removed it since:




it s for  picturing my previous post
sr. member
Activity: 378
Merit: 250
hi

this link was added after my order (19th of march)so he has seized the opportunity to take other people in his fishing net

this dumb have posted a picture of one of his titan card mining trying to show himself as smart guy in front  of his fb friend

let s hope that my legal actions will bring him on his knees

thanks for supporting

hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
papamoi, he is not ignorant of bitcoin, he's purposely scamming you. He's offering bitcoin mining rigs to the general public now at this link.

http://www.liquidnitrogenoverclocking.com/news_21.shtml
Quote
April 8, 2013
BitCoin Mining Systems

For those who are aware of the so-called ASIC hardware BitCoin miners that seem to take months to obtain and can't do anything else, how about a high-powered computer system you can use to BitCoin mine also?

 

For those who are unaware of what a BitCoin is, we offer this explanation from the April 2013 opening paragraph shown in Wikepedia

Bitcoin (BTC) is an online digital commodity that is based on an open-source, peer-to-peer encryption protocol first described in 2009 by a pseudonymous developer (or developers) named Satoshi Nakamoto. Bitcoin is not managed by any government or central authority. Instead, it relies on an Internet-based network. The creation of new bitcoins is automated and given to servers or "bitcoin miners" that confirm bitcoin creation as they add codes to a decentralized and archived log approximately every 10 minutes.

If this seems a little nebulous, we agree with you. Ignoring the details, here is what is important about Bitcoin:

Anybody can get involved by simply running "Bitcoin mining" programs that award Bitcoins just for participating in the hunt for them.
The value of just one single Bitcoin could potentially reach thousands of dollars (or much more).
It will become progressively more difficult to be awarded a Bitcoin as time goes on and more "miners" participate in the effort.

Surprisingly, just having a fast overclocked CPU will not propel you to the top of the Bitcoin Mining Heap. In fact, GPUs are better Bitcoin miners than CPUs. Again, without getting too technical, the thousands of so called CUDA capable cores within a high-end GPU can crush a fast CPU with only a handful of cores. And the "best" and fastest video card is not necessarily the best at Bitcoin mining.

There is a great deal of information on Bitcoin Mining as close as your favorite search engine and fingertips, but if you don't want to wade through all of that information, and you don't want to spend thousands of dollars on hardware that doesn't do anything else but "mine," continue reading.

Because the process of mining involves operating on secured data at the "bit" level, you will see the units of "speed" mentioned in terms of Megahash/second or Gigahash/second, abbreviated as MHash/sec and GHash/sec respectively. The Mega- prefix indicates 1 million/second while the Giga- prefix specifies 1 billion (or 1000 million to those from England) operations per second. In essence, more-per-second is better (of course) since it will result in more Bitcoins being awared to you in a given amount of time. We at Liquid Nitrogen Overclocking have taken a great deal of the guesswork out of all of this hash-talk, and offer three different mining systems:

Bitcoin Mining Products
Product   CPU @ Speed   Total CUDA Core Count   Bitcoin Production   Price
Corporal Miner   Intel i7-2700K @ 5.00 GHz   2,668   0.10 Bitcoins/Day   $4,500
Captain Miner   Intel i7-3970X @ 5.00 GHz   5,200+   0.25 Bitcoins/Day   $6,750
Major Miner   Intel i7-3970X @ 5.00 GHz   10,400+   0.50 Bitcoins/Day   $9,000

Please bear in mind these Bitcoin production figures are taken from actual April 2013 performance figures. As time goes on and Bitcoin mining becomes more popular, the reward for mining per-unit-of-time will drop in proportion to the number of active miners. It is therefore best to get involved in mining earlier rather than later.

We've seen BitCoin reach as high as $250 per coin, but let's use a variety of examples to see how long it would take to completely recover the cost of your hardware, and how much you could earn in one year of mining at the present rate of reward.

$4,500 Corporal Miner @ 0.10 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   450 days   $3,650
$150   300 days   $5,475
$200   225 days   $7,300
$250   180 days   $9,125
$300   150 days   $10,950
$500   90 days   $18,250
$750   60 days   $27,375
$1,000   45 days   $36,500
$2,000   22.5 days   $73,000
$3,000   15 days   $109,500
$5,000   9 days   $182,500
$10,000   4.5 days   $365,000
$6,750 Captain Miner @ 0.25 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   270 days   $9,125
$150   180 days   $13,687
$200   135 days   $18,250
$250   108 days   $22,812
$300   90 days   $27,375
$500   54 days   $45,625
$750   36 days   $68,437
$1,000   27 days   $91,250
$2,000   13.5 days   $182,500
$3,000   9 days   $273,750
$5,000   5.4 days   $456,250
$10,000   2.7 days   $912,500
$9,000 Major Miner @ 0.50 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   180 days   $18,250
$150   120 days   $27,375
$200   90 days   $36,500
$250   72 days   $45,625
$300   60 days   $54,750
$500   36 days   $91,250
$750   24 days   $136,875
$1,000   18 days   $182,500
$2,000   9 days   $365,000
$3,000   6 days   $547,500
$5,000   3.6 days   $912,500
$10,000   1.8 days   $1,825,000


We do not show the actual systems as we do for other builds here on the website, since astute system builders would be able to identify the components used in the construction of these Bitcoin mining systems. But, unlike the dedicated Bitcoin miners out there, our systems can be used for High End Gaming or other complex Scientific Calculations where CUDA technology can be very useful.

Call 610-818-5063 for more informtaion.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
He claims a "strategic new partnership with Derivative Concepts, Inc. as a reseller".

Considering no customer is dumb enough to give him money for his garbage internet sourced images of actual hardware, he's resulted to conning other business owners into doing the sales for him. Time to warn them of their impending "strategic" losses.

EDIT: Apparently there is a http://www.derivativeconceptsinc.com/ owner named Matt Reynolds who is either a real person who was suckered in by him, or is just another faux identity by this Ed Trice creep. I'll try to find some more direct contact info than just his gmail.

hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
He's also posting on his facebook that this picture is of his office in another state.

The more I read his posts the more he really looks like a sociopath (specifically, Pirateat40). He is stealing people's money for the sake of perpetuating his lifestyle and probably believes he deserves it too.

papamoi, let me be the (4th? 5th?) to say you're an absolute idiot for giving this man your money. That said, this is absolutely comedy gold for the rest of us, because this guy is the type of obvious criminal that internet trolls would *pay* to find.

Thank you for discovering him for us. You may never get your money back, but you've given everyone in the world a reason to target him now. He's more of a liar than Pirate, but worse at it than even that FNIB creep who made up having an office and photoshopped everything. This dude is just using stock photos from the internet claiming they come from his life.

EPIC CREEP.
sr. member
Activity: 378
Merit: 250
He's not going to return your money obviously. No scammer would.

Please go to the authorities/contact your lawyers already.

i m just giving him a chance to do so

so let s start the game

sr. member
Activity: 378
Merit: 250
so ed,


still no replies?

i still didn t got my refund

time is running

you have to decide quickly,here it s not the RAM price wich will increase from wednesday,but everything else,

so time is the essence here



sr. member
Activity: 378
Merit: 250
hi lethos,

yes we have discussed lot about it but as you see as i was half convinced(with him quoting google etc) i ve have the contract to mention the refund.

so as i said previuosly business is based on trust but it appears now that this guy have a big record of scams behind him:

he has cheated ex-employees,ex-partners,insurance,faking his website using photoshopped servers taken from others website.
he has been arrested twice and i hope he ll be third time as i m preparing to go legal this week.

he still keep on trying to make me believe that the servers exists (see his replies i ve got this yesterday with the threats).

i mean how can you believe that people can be at such level scam,this guy should be either in prison or either in psychiatric hospital.


anyway,i do not intend to stop here ,

keep you posted

thanks
sr. member
Activity: 476
Merit: 250
Keep it Simple. Every Bit Matters.
dykast you were not the only one whom he consulted here before going through with buying a very expensive custom server.
I tried to talk him out of it (we spoke mostly in PM on this forums) last month, but it seems it did not work.

I did try to tell him it would not be possible, they were exaggerating what they could do, they would end up disappointing him and it would be a mistake to trust them. They at best would be providing a relatively low hashing CPU / GPU mining Rig, massively over priced for what it was and it would not achieve what you wanted without using 100's or maybe in 1000's of GPU's, something you were not going to get.

I spent many more emails, going over many FPGA chips you found information on and wanted to know more about. In the end I just tried to convince you were better of with buying an ASIC machine or two, offering suggestions whom to trust in that area and whom not too.

Papamoi, I'd like to feel sorry for you, but it seems multiple people did try to warn you. People in the Bitcoin community, who are miners, know the technology and understood what it can and can't do. You decided to trust and believe a single company whom never done such things before, with upfront payment. They told you alot of obvious lies (to many here anyway), getting worse as you go along, to ensure you paid and didn't try to back out too soon.

I hope you get your money back, but it appears this is not a legit company, that contract you keep quoting means almost nothing.
It will be hard to next to impossible without a lot of legal action on your behalf, which could easily eat away at any money you could get back.
sr. member
Activity: 378
Merit: 250
hi guys,

recently got news that our dearest scammer is involved also in insurance fraud and similar

i mean you have lot of skills,ed,

so what will happen when FBI or police will find you?


hmm i would not be really want to be at your place,

seriously i m very sorry for you

sr. member
Activity: 378
Merit: 250
Ed,

Where is my refund?

the deadline have already expired a week ago,you didn t deliver anything,

this is your last chance before me starting the legal.

Ball is in your side


sr. member
Activity: 378
Merit: 250
hi guys

another thing i found,it s about his co called office in philly

this is what you can see in the facebook page:

https://www.facebook.com/photo.php?fbid=573667102648585&set=a.256153677733264.84632.162356203779679&type=1&theater

do you know where it came from?

from here:

http://www.ecofriend.com/choosing-eco-friendly-home-elevator-smart-choice.html

hmmm

What a looser?Huh??


sr. member
Activity: 378
Merit: 250
hi ed

your daughter is in philadelphia

proof :

are with me,but as she is minor i won t post it here




your car s plate:




the idea is to forward all these information to the authorities so you ll be easy to find for them


if you need any other information about you from me,just ask

and PLEASE PLEASE GO COMPLAINT against me

thanks
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