Looks like a scam.
Everyone is entitled to their opinion, but I'd point out to you that to get VAT registration in the UK the company, directors and their bank account have to go through some very tight security and identity checks.
sorry op but this is bulshit. anyone who are making more than few quid a year can jump on vat and registration is not difficult at all.
As stated before in forum Ltd company these days means nothing. just limited liability for you. personal I can chase your person to recover lost money but who will care to put more money upfront to chase you in case something will go wrong?
pre order are nonsense from definition . people are tired paying for non existence gear. basically you don't want to go to bank, put your house as security for large loan and make prototype this way.
once prototype will exist comeback here show it's working and ask for btc. This field is full of scams and trust me you will get bold quickly when people will grill you over few inconsistency.
Interesting post. I don't have a house worth anywhere near $400k let alone $4M, so asking a bank to take it as security isn't an option. If anyone did have the money to make their own asic without outside help, then I sincerely doubt they'd be posting on here looking for sales, they'd be mining away with them. Most of todays miners made their money through pre-orders, so I'd have to disagree with much of what you say. At the end of the day no one forces anyone to pre order anything, it's up to the individual to make the choice.
maybe as individual you haven't got 4m to put upfront. but as a team easy you can secure loan. look for bigger investors instead asking small people to hand over you btc for wages, and who knows what else. one more thing: when newbie start answering by "we not here to scam anyone..." this smells even more fishy.
again I found you mention something g which is wrong. not most if the company's made a sics from pre orders
it was like that when BFL and other scams was there. This days we have bitmain...never asked for btc to build units, spoondolis...again not even penny to show working units. only wannabe asking for pre orders this days
and one more thing. In btc world once you will have working unit will become obsolete very soon .you will not be different than others. You will mine with gear like crazy and when it will become useless you will flush this on buyers. as I said you not he first one and not he last one who will have difficulty to convince typical miner like me.
good luck though
