Topic: LSM Labs (Read 6525 times)

There are no special licenses required for manufacturing the BTC hardware in the US.

I would like to trust lsm labs, they have some very enticing products compared to whats currently available elsewhere.  However, it seems very strange that they are U.S. based but the bank used for payments is a Deutsche Bank in Prague.  They said in an email that they have moved their bank offshore due to licensing required for operating bitcoin related products in the US, but this seems very odd.  I am not aware of any special bitcoin licensing required in the US, especially anything that would force them to use an international bank.

Noob. First Post....
.... Long time trader, but trying to get more and more into scrypt mining. That said, I have sent emails to every ASIC manufacturer I can find looking for angles, truth, customer service, etc (currently I only have approx 2.4mhs in gear).  Anyway, I wanted to share this email chain. I blocked out my contact details using #, and the emails are coming from LSM Labs Support <[email protected]>


"Garrett Reed <#>
May 2 (1 day ago)

to support
Hi,

I was about to order the Zeus asic scrypt miners that just came out for preorder with delivery next month....But! I just found your site.

Im located in Connecticut and would prefer to do business with you anyway -i have family in Wilmington.

180mhs @ $6k ? Crazy!! Thats real $$$$...
However, I don't have $6,000 to spend.
Do you have any smaller units -even ones you used for testing. I was only going to spend about $1000 with Zeus and then add on more units as I can afford to (they r selling 1.2mhs for couple hundred a unit).

Let me know! I'll pay cash or BTC and be a repeat customer!
Thank you in advance



LSM Labs Support
9:18 PM (19 hours ago)

to me
Hi Garrett

We have a number of used miners that we can sell you if you like and we
can accept payment in Bitcoin. See below:

- 15 MH/s scrypt miner (used): 2.5 BTC
- 20 MH/s scrypt miner (used): 3 BTC
- 30 MH/s scrypt miner (used): 4.5 BTC

We take our rates from BTC-e, with a current rate of 1 BTC = $430.

Shipping is included in the above prices.

Please let us know which product you would like to order and your full
name and delivery address and we will issue you with an order confirmation
number and wallet details.

Please note this offer is valid until Wednesday 7th May 2014.

Kind regards

LSM Labs Support Team


Garrett Reed <#>
10:16 PM (18 hours ago)

to LSM
Thanks LSM! I appreciate you getting back to me so quickly..... I would love to purchase the 15 MH/S scrypt miner for 2.5 BTC!

" - 15 MH/s scrypt miner (used): 2.5 BTC"

Could you send me some basic details on this miner (power, heat/cooling, usb, etc.)?
I will be sure to pay you ASAP!
Billing/Shipping info is as follows:

Garrett Reed
#

Thank you again for your prompt response, and giving me options that I can afford within my current budget. I also like doing business in the US.

Best
Garrett
#"



LSM Labs Support
1:27 AM (14 hours ago)

to me
Hi Garrett

The 15 MH/s scrpyt miner runs on 220W of power and a 12V input.  We can
include the power supply as part of the deal.

Please see payment details below:

Amount: 2.5 BTC
Payment Address: 1DteBaAjs4aWMvB3qjfUeb1R1qhAKDsbZA

Please send us the transaction ID and we will begin processing your order
once we receive confirmation.

Kind regards

LSM Labs Support Team



On Fri, May 2, 2014 10:16 pm, Garrett Reed wrote:
> Thanks LSM! I appreciate you getting back to me so quickly..... I would
> love to purchase the 15 MH/S scrypt miner for 2.5 BTC!
>
> " - 15 MH/s scrypt miner (used): 2.5 BTC"
>
>
> Could you send me some basic details on this miner (power, heat/cooling,
> usb, etc.)? I will be sure to pay you ASAP!
> Billing/Shipping info is as follows:
>
>
> *#*
> *#*
> *#*



Garrett Reed <#>
3:24 PM (57 minutes ago)

to LSM
Sounds good . not quite the details I was looking for though. I feel like I'm taking a leap of faith.... What type of chips is this running on or are they graphics cards? Do you have specs and some pictures/video? Thanks again.
Garrett

#



Thoughts anyone? Thanks
Gfuzz (obviously Garrett)

Looks like we've shown this asshole the door!

Thanks, bud (or was it prick, for I honestly can't remember, bud?  )

http://www.offervault.com/affiliate-offers/details/offerid/1144420/lsm-labs-bitcoin-mining-hardware/


http://www.sbwire.com/press-releases/lsm-labs-offers-affordable-bitcoin-mining-and-litecoin-mining-asics-with-delivery-guarantee-495213.htm


So, if a person purchased 5 Medusas at $3,200 each trough an affiliate link, LSM Labs would only receive $9,600 (3,200 x .8 x 5 x .75) even though the rigs were originally priced at $4K each.

This is one fuckin' amazing company!

Definitely do not miss him spamming the BA threads.

Regardless good job PG. This is why we need you.

https://www.silkroadalternatives.com/contact-cn


What is Bitcoin Mixing? - Silk Road 2, Blackmarket Reloaded, Tor: https://www.youtube.com/watch?v=LnnZe385ylg



Anybody know who this DPR dude may be?

Hope I utilized my 20,000th post wisely via saving fellow bitcoiners millions.

PG bringing the heat on a Monday morning.   

Missed your presence in the Black Arrow threads.   

Well, I guess we can all Rezt 'n Relax because VC Escrow uses the same Singapore phone number as...wait for it...http://www.reztnrelax.com/

Don't believe me, give them a ring at 63487787 (6348 7787).

David Rickertson, CEO of VC Escrow, gleaned his Linkedin info cheifly from some other.

Compare:

https://www.linkedin.com/pub/david-ricketson/92/3ba/b42
https://www.linkedin.com/jobs2/view/12998385

I'm pretty sure that Kheng Awn-So (CTO) of VC Escrow did the same thing, ergo neither exist IRL.

Is it just me, or is Garry Drake interviewing himself in this Forbes interview? https://www.lsm-labs.com/media

To me, Ray and Garry sound the same in this contrived interview.

Calling the property manager may be prudent prior to any purchase: http://looplink.harveyhanna.com/xNet/Looplink/Profile/Profile.aspx?stid=harveyhanna&LID=18516952&linkcode=31732

On April 18, 2014, LSM Labs made their company first known to the world via the following press release: http://www.sbwire.com/press-releases/lsm-labs-offers-affordable-bitcoin-mining-and-litecoin-mining-asics-with-delivery-guarantee-495213.htm

Unfortunately, psychics of the worlds beat the pre-ordering bitcoiners to the punch and purchased all the Cyclops starting 6 months ago, all happily mining away and ROI'ing to boot.

Luckily for us, if we order now and use their exclusive escrow service, we, too, can have bitcoin miners in hand by May 21, 2014. Me can't wait!

https://lsm-labs.com/delivery


http://www.forexminute.com/bitcoin/lsm-labs-now-provides-bitcoin-asic-processors-and-systems-29670


Damn! Damn! Damn! Now I have to wait 7 more days before I get my vaporware. Why the fuck didn't they send my message via homing pigeon so that I could have canceled my canceled appointment in anticipation of my precious. I knew LSM Labs was too good to be true. Damn! Damn! Damn!

Another Will Weenstra article: http://bitcoinowl.com/when-santa-doesn%E2%80%99t-come-rethinking-way-we-think-about-cryptocurrency


For all the articles this dude has written, and LSM Labs has been shipping miners for over 6 months, not a single person has ever commented on said articles. Totally fuckin' amazing!

Another WILL WEENSTRA sighting: http://cointelegraph.com/post/bitcoin_compensation_done_right#.U14IifldV34

I bet it looks exactly like this, doesn't it?



LSM Labs has been shipping Cyclop(i)s out into the wild for over 6 months now, yet nary a Bitcoiner has posting an actual pic.

Did the Jehovah Witnesses deliver it to your door after their Sunday services?

Damn, I missed the photos! Any screenshots?