PrimeAsic - 80 Ghash/sec Asic Miner [SCAM] - page 14.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: MXRider on March 07, 2013, 10:54:50 AM

So someone really paid in advance. I'm amazed and not in a good way.

That's way we will see scammers offering ASIC miners. They know there will be anxious, greedy people willing to believe that scammers will be able to fulfill their promises, even if their offer is ridiculously full of red flags. It's like the bitswing.com guys offering BTCS at 21$.

MXRider

sr. member

Activity: 466

Merit: 250

So someone really paid in advance. I'm amazed and not in a good way.

Puppet

legendary

Activity: 980

Merit: 1040

Dear Paypal,
Item does not produce the promised amount of the irreversible virtual currency thats set out to destroy Paypal.
please reverse transaction.
thx.

SLok

hero member

Activity: 568

Merit: 500

If it is not too much trouble could someone point me to where paypal's protection policy is clear on buyer's protection outside of ebay or other recognized selling platforms? I checked the paypal site for protection measurements regarding email to email payments, but find nothing specific about protection when using paypal this way as 2 private persons.

Freifallspoiler, I hope for the best for you, but the whole story so far stinks. The minimum should be a correct address, not one where people working, say they don't have a clue.

Miner99er

sr. member

Activity: 310

Merit: 250

Quote from: Rampion on March 07, 2013, 10:28:28 AM

Quote from: Beepbop on March 07, 2013, 10:18:45 AM

Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off.

Quote from: Rampion on March 07, 2013, 10:18:27 AM

Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.

It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered.

Well, that's what I said. You get a nice radiator full of chips that gives you 0.00000 Mhashes. Good luck explaining that to paypal.

Item not as described... item not even close to described. Seller claims it does a certain function at a certain speed, it doesn't.

Aseras

hero member

Activity: 658

Merit: 500

I'd open the dispute right away so paypal holds the funds..

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Beepbop on March 07, 2013, 10:18:45 AM

Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off.

Quote from: Rampion on March 07, 2013, 10:18:27 AM

Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.

It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered.

Well, that's what I said. You get a nice radiator full of chips that gives you 0.00000 Mhashes. Good luck explaining that to paypal.

freifallspoiler

full member

Activity: 127

Merit: 100

I was not asked to state something about anything beeing a gift nor did I. I even wrote the text of my order and a description of the device ordered in the comment of the payment

Quote

I order one (1) of your 80 GH/s BitCoin Miner
price: 1249 EUR
shipping: 49 EUR
device description: Average Hash Rate: 80.000 MH/s - Power Consumption: 800W @ AC220V (as stated at primeasic.com/specs.html on 7th March 2013)

I'll keep you up to date!

Beepbop

full member

Activity: 126

Merit: 100

Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off.

Quote from: Rampion on March 07, 2013, 10:18:27 AM

Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.

It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: vdragon on March 07, 2013, 10:12:05 AM

He is protected, if he paid for goods. If he did mass payment of gift then he isnt.

Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.

freifallspoiler

full member

Activity: 127

Merit: 100

Quote from: SLok on March 07, 2013, 10:01:23 AM

I'm very interested about how your deal was made exactly.

I received an email giving a payment adress and paid to this address. I checked with paypal and it is covered (maybe this is different in other countries?)

vdragon

full member

Activity: 196

Merit: 100

He is protected, if he paid for goods. If he did mass payment of gift then he isnt.

SLok

hero member

Activity: 568

Merit: 500

Quote from: freifallspoiler on March 07, 2013, 06:48:26 AM

Quote from: Rampion on March 07, 2013, 06:44:23 AM

I don't say you won't definitely be able to have your chargeback: but CC or paypal are NOT a 100% guarantee.

They are not? Sounds a bit alike when I check the PayPal chargeback rules. What problems could occur? When the seller already cashed out it is more PayPal's problem than mine, isn't it?

How come you are protected by paypal? did you order from a site that has a specific paypal protection disclaimer, or do you have an invoice from a trader that has some paypal approval, or did you just sent money to another paypal user? I'm very interested about how your deal was made exactly.

SolarSilver

legendary

Activity: 1112

Merit: 1000

Quote from: veryveryinteresting on March 07, 2013, 09:15:03 AM

Add in transaction fees and the money adds up pretty quick...

Care to show me some stats on that, for example from BTCguild or p2pool?

Bicknellski

hero member

Activity: 924

Merit: 1000

Quote from: Rampion on March 07, 2013, 06:47:00 AM

Quote from: Magnate on March 07, 2013, 06:43:16 AM

*IF* anything gets sent - make an opening video at the post office or in front of the delivery man!!!
Paypal can be a bit dense at times-if they provide a tracking number which states they sent and delivered something the right size..... Huh

100% right. And don't forget that you could get a radiator of the same size and looks of the picture advertised. Then explain to paypal that this is not "mining bitcoins" as you expected.

I believe you were too anxious. As stated, I'm going to be in Bud next week. We have two or three hungarian bitcoiners who already went to the different addresses advertised with no success, and who are ready to go again to check the units in person. I would have waited to have a confirmation from them before placing an order.

+1 Please keep us posted. Great community effort thanks.

veryveryinteresting

member

Activity: 60

Merit: 10

Quote from: SolarSilver on March 07, 2013, 08:58:14 AM

Quote from: Puppet on March 07, 2013, 08:39:32 AM

Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.

No problem in being critical of potential scams, but at least get the math right...

144 blocks / day @ 25 BTC / block= max $154.800 @ $USD 43 / BTC per day is being earned by mining

and that is if he has the total network output, so with 'only' 40 TH (500 x 80 GH) he would get about half that each day.

Besides, I doubt his apartment has 500 x 800 W= 400 kW worth of infrastructure (not forgetting cooling)

edit: updated BTC price

Add in transaction fees and the money adds up pretty quick...

SolarSilver

legendary

Activity: 1112

Merit: 1000

Quote from: Puppet on March 07, 2013, 08:39:32 AM

Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.

No problem in being critical of potential scams, but at least get the math right...

144 blocks / day @ 25 BTC / block= max $154.800 @ $USD 43 / BTC per day is being earned by mining

and that is if he has the total network output, so with 'only' 40 TH (500 x 80 GH) he would get about half that each day.

Besides, I doubt his apartment has 500 x 800 W= 400 kW worth of infrastructure (not forgetting cooling)

edit: updated BTC price

marra

full member

Activity: 189

Merit: 100

Quote from: Puppet on March 07, 2013, 08:39:32 AM

So he has 500 in stock but will only start selling Monday.
Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.

exactly, no asic over here guys...

no images of circuits, no board diagram, nothing... this is ridiculous...

Puppet

legendary

Activity: 980

Merit: 1040

So he has 500 in stock but will only start selling Monday.
Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.

Bitsinmyhead

sr. member

Activity: 465

Merit: 254

Anyone trustworthy who is going in person and want to make some extra BTC, please PM me and we could discuss a deal.

Topic: PrimeAsic - 80 Ghash/sec Asic Miner [SCAM] - page 14. (Read 67044 times)