Topic: Mining Asics Technologoes - 6 THS Bitcoin Miner - First PICS! (Read 15864 times)

Original post from Renton Bonaventura https://www.facebook.com/profile.php?id=100006321996927&fref=nf
https://www.facebook.com/groups/352627768251593/permalink/352752534905783/
The Alcheminer-MAT Game in greater detail:
 MAT agreed with alcheminer to a joint production venture with the figure something around 2M $ for the development. It was a shared deal 50% - 50%. But MAT does not have any rights in the IP (asic chip design). For the 2M $ there are included 50K Asic Chips with own MAT Logo - that's why the alcheminer chip and MAT chip are identical. The chip is the same as the Alcheminer Chip! With 50K Chips you can make 195 miners, each with 256 asics inside, but of course still there are additional costs for the whole miner manufacturing, case, boards, software, controller board... of about over 800$ each.

But now the latest news:
 MAT doesn't even have the 2M$, so MAT received around the end of September only 10K chips. Nothing more - because all money from preorders was invested only in the development of the asics, not in the miners itself.

Now after the GAW miner deal, MAT had some money to pay for the last 40K asics and to the manufacturer of the miners. Thats why MAT still doesn't have miners... because MAT shipped all miners to GAW (Marshall Long as commission for the GAW deal), another cloudmining company, and 3 or 4 customers.

 To ship or make refunds for all customers MAT needs to raise more than 1,3M$. But the margins of selling the miners now are too low to make a profit of 1,3M$.

Scam, scam, scammy

Be gentle. They are already whining about "Trouble in the Forums" in their announcement.

Ruh Roh, They at it again?!



But seriously, where's the proof of the miners?   

https://www.mining-asics-technologies.com/mat-production-shipments-started-october-20th/

Hey, for good price will be sock puppet... Just to let you know OP.

Need some back up in selling non existing stuff, for shit loads of money?

I'm your Man!!!

Ohh wait...JUST KIDDING.

And this is part of the problem. Alot of these scams are taking it to the broader social media communities to perpetrate the scams. bct while relevant to the serious miner, not something the newbie or prospective miner is looking at. AND if they look they see what at first glance appears like alot of flaming and trolling. Not that it doesnt happen, but it does make a difference in perception.

For those serious enough about exposing these types of things its important to get out there to the social media world and call them out there too.

Unfortunately judging by the comments on Facebook (https://www.facebook.com/mining.asics.technologies) quite a few people have purchased physical units or hosted miners...

As far as I can tell, people have been asking for refunds and MAT has been telling people they will receive a refund but so far no one seems to have actually been refunded.

Fact is anyone using the whole "are you invested" line is just trying to divert attention from the topic, the burden of PROOF is on the supposed manufacturer to prove
A: They are an actual business entity with a physical address
B: A viable product
C: Proof of such product in detailed technical videos, white papers and
D: Community exposure. There MUST be review units. This happens even in established industries. nvidia and AMD ship their latest graphics hardware to reviewers a month in advance at times. This works both as a marketing tool AND a credibility tool. People know what they are getting ahead of time.
E: Delivery of product under said timeline (underpromise OVERdeliver is always good)

Most of the scams that come on here usually pull the same shit. Announce, get hype but no substance, get a few people to pay them with a shill or sock puppet to attempt to establish credibility, then run away with the money. This looks to be no different.

For such a press splash and all the hype, where is the hardware? where are the samples? Who has one? Has it even been spotted at ANY trade show event by anyone other than the manufacturer? These are all critical questions and marketing aspects that are important to establish credibility. No one should ever feel comfortable parting with their money until they have done the homework, considering the sums of money being paid for the hardware. Again this comes from lessons learned and hard experience. I made the mistake 2x. Once with BFL and again with AMT. So I learned my lesson and learned.

The burden of proof is on Mining Asics Technologoes (umm wtf is up with the Technologoes part?) not on me to state whether i am invested or not. I will be invested ONCE there is proof and it meets my needs. I am a VERY invested miner. I do buy from a manufacturer that has earned my trust because they have been consistent. Can you prove you will do the same? Remember talk is cheap. Prove you got something show it in the form of proof.

To be fair the way jjj was yelling at non-believers he was worth 4-5 regular-sized shills.

Comments on their FB page are getting tense:

https://www.facebook.com/mining.asics.technologies

What use is a scam operation if you only have 1 guy shilling for them?

I'm kind of angry that they don't have more sock puppets promoting their long con!   

no news?

Well it seems that nobody else is complaining so this was a very lame attempt of a scam because nobody bought it. Suckers!

No proof but others likley do. I am invested in exposing ANY ASIC manufacturer now, I have been burned twice. And I do mine. After all that I found the manufacturer of my choice to buy from. Too many of these sellvertisements that advertise vaporware. We should not be investing in their R&D, that is a HUGE risk on the consumer. Any honest business will take on that risk themselves.

Is there a product to show? Video? Proof? So far ALL of the hallmarks of a scam are right here true to form. Post up details....show proof. cgminer, video of the miner actually hashing and connected to a monitor....show the UI. Since you are willing to hawk your wares on here, at least make the effort to prove it exists.

Did my comment scare you? I know how you marketing guys work. What trusted members in this community have a sample device to show this miner is real?

do you have info proof?

are you invested?

As good a resource as BCT is, it is just as important to expose these companies on other social media like facebook or twitter. twitter being easier. The crypto press does not always have the resources to check out these forums or vet things. And in general, press is more about sensationalism and splash before facts, marketing basically. It is more important to get the word outside this forum of all of these scam companies and their "CEOs" so the world is aware of them. Shaming them on the biggest social networks will be the best way to begin to stop these scams. BFL only succeeded for so long because the complaints were restricted ONLY to this forum and their own. It took massive amounts of complaints from people to eventually get the government to actually take action.

We need to step up OUR game if we want to stop scammers like these. They produce no product, take your money, then vanish. The scammers are certainly stepping up theirs.

JJ got bumhurt i expect. 

Uh OH, looks like he's back from vacay!


That's a week ago, guess he's become quite a bit gun shy on these forums since his broski Marc hasn't come through for him.

I don't  thunk he will update because there are no updates.

jjj is on vacation probably. Used to post every day, but last post is Oct 01 and "Last Active: 2014-10-06". I'm sure he'll update us when he comes back.