This was one of my fav's from back in the early days of ASIC miner development.
By the way OP you should do a post about all the ASIC mining companies that took in 10's maybe 100's of millions and never delivered or just folded.
A few that come to mind:
-BFL (reportedly took in 25 million themselves)
-Avalon's (first miner sent to a dev was making fucking insane money, like $2000 a day iirc
while BFL dropped the ball or mined for themselves with customer equipment LOL)
-Basic (probably the first true ASIC scam, Tom took in a pile of btc and never even worked on
designing or producing and ASIC LOL, after the BTC priced spiked huge he started paying back
USD valued refunds, likely leaving him with a nice pile of coins for himself)
-KNC (and their datorhall LOL)
-Terraminer
-Hashfast (and their promise to return btc for btc if they didn't deliver on time, they didn't and they
didn't refund btc for btc, also cypherdoc and his 3000 BTC payment!)
-ASICminer (freidcat that was interesting to watch as it developed).
-Bitmine (and his lambo)
The list goes on and on, I haven't even mentioned the integrator scams, fuck they were rampant for a few months!
By the way OP you should do a post about all the ASIC mining companies that took in 10's maybe 100's of millions and never delivered or just folded.
A few that come to mind:
-BFL (reportedly took in 25 million themselves)
-Avalon's (first miner sent to a dev was making fucking insane money, like $2000 a day iirc
while BFL dropped the ball or mined for themselves with customer equipment LOL)
-Basic (probably the first true ASIC scam, Tom took in a pile of btc and never even worked on
designing or producing and ASIC LOL, after the BTC priced spiked huge he started paying back
USD valued refunds, likely leaving him with a nice pile of coins for himself)
-KNC (and their datorhall LOL)
-Terraminer
-Hashfast (and their promise to return btc for btc if they didn't deliver on time, they didn't and they
didn't refund btc for btc, also cypherdoc and his 3000 BTC payment!)
-ASICminer (freidcat that was interesting to watch as it developed).
-Bitmine (and his lambo)
The list goes on and on, I haven't even mentioned the integrator scams, fuck they were rampant for a few months!
LOL thats a crazyrabbi alright !
That is a great idea ! None of the history threads I've done so far cover any of the mining companies that went broke or were outright scams. I nearly fell victim to some of them myself. History on Bitcointalk - Mining equipment scams, shams and failed deliveries. - I've started it but it will be a work in progress for some time.
yesminers nearly took my money years ago - fortunately I googled "yesminer scam" just before placing an order and bought antminers instead.
