Topic: [SCAM] Foxminers? - page 12. (Read 26929 times)

The miner in the demo video looks suspiciously like an old Zeus miner chassis.
Their setup documentation mentions the device as a network appliance, however the demo shows some type of USB interface. Not to mention the video shows no signs of actual hashing or pool interaction. Just an instant initialization and immediately available 75th.

The supposed pool credentials are shown. I don't think its outside of the realm of reality to contact slush to see if there's any share data from this user to corroborate the claim.

Thinking about this obvious scam way too much.

Well,they are located in California...15495 Los Gatos Boulevard,Los Gatos, CA 95032

Get someone to drop by & have them PROVE their miners are real!!!!  

If they refuse,then it's an admission of guilt  

They HAVE to have a prototype BEFORE they mass produce soooooo...........

And kudos for you bringing this scam to the public's attention!!!  

BTW,I googled these guys,they have press releases all over the place...but you can't leave any feedback or comments on ANY of those websites LMAO!!!!!!!!!!

Actually their claim that it would be the world's first dual miner for SHA-256 and Scrypt and your (TheMerkle's) claim that it is outlandish are both wrong. The old Gridseed was a dualminer. Nothing new there.

Edit: Looking at their specs it does indeed look like bullshit. I wish it was real. Bitmain could really use that competition.

Hey guys, we just got a C&D letter from their supposed lawfirm. The only issue is I am seeing some discrepancies in the C&D information. They gave us 2 days to remove our scam warning which is quite convenient given the fact that the attorney they said drafted the letter from won't be in the office until Monday, so I can't verify that until then. Other discrepancies is the phone number he used is foxminers' support phone number not the lawyers phone number. Here is the copy pasted C&D letter:

Dear TheMerkle,

This law firm represents [FoxMiners LLC.]. If you are represented by legal counsel, please direct this letter to your attorney immediately and have your attorney notify us of such representation.

You are hereby directed to

CEASE AND DESIST ALL DEFAMATION OF
[FoxMiners LLC.]’S COMPANY REPUTATION.

Under United States law, it is unlawful to engage in defamation of another’s company reputation. Defamation consists of

(1) a statement that tends to injure reputation;
(2) communicated to another; and
(3) that the speaker knew or should have known was false.

Your defamatory statements involved https://themerkle.com/cryptocurrency-mining-hardware-scam-education-foxminers/.

Accordingly, we demand that you (A) immediately cease and desist your unlawful defamation of [FoxMiners LLC.] and (B) provide us with prompt written assurance within two (2) days that you will cease and desist from further defamation of [FoxMiners LLC.]’s Company reputation.

If you do not comply with this cease and desist demand within this time period, [FoxMiners LLC.] is entitled to seek monetary damages and equitable relief for your defamation. In the event you fail to meet this demand, please be advised that [FoxMiners LLC] has communicate to you that we will pursue all available legal remedies, including seeking monetary damages, injunctive relief, and an order that you pay court costs and attorney’s fees. Your liability and exposure under such legal action could be considerable.

Before taking these steps, however, we wished to give you one opportunity to discontinue your illegal conduct by complying with this demand within two  (2) days.
I recommend that you consult with an attorney regarding this matter. If you or your attorney have any questions, please contact me directly.

Sincerely,


Sack Rosendin, LLP
+1 408-877-8345

No this is an assumption you're making that is completely wrong. Some of us are experts in this area and can tell you beyond a shadow of a doubt their claims are impossible.

3- newbie. Let me know what I can do to satisfy you that I'm not a shill or work for the company.  It's hard to prove a negative but you can try to think of something and I'll comply if possible.  I run a forum myself.  Post count on forums is for retarts that live in their parents basements.  

I've been learning and experimenting with Bitcoin and altcoins since 2012.  I have a friend that was in 2 years earlier that helped me come up to speed on the technology, and I'm getting much more involved lately in learning about all the coins, algorithms, 'reward methods', transaction fees, exchange trading, ICO's, contracts, hardware, etc.

I don't register for forums unless I'm going to spend significant time and really wish to post, or they obscure a lot of subforums from google.  I prefer google and a couple other engines for searching threads here.  Better filter options overall.

Don't wanna talk hard core electronic tech with details that I could verify, or converse productively, then I think y'all aren't qualified either, and I'll bow out of this thread.  Mine are just some mildly educated suppositions in a quest for opportunities.  I'm not saying anyone here is wrong at their guess about it being a scam.  I would just like to know why, beyond google maps and the supposed larger transistor size of the chip or whatever.  You know, exact stated facts and why they are wrong.  Y'all are essentially profiling this product due to the large scam prevalence in cryptocurrency dealings.

ETA: Thanks for posting philipma1957.  That's the kind of test I could accept.  Close to scientific method as possible from a person with much documented experience building and running the numbers.

EDIT 2 lines added:

To be fully  clear anyone that buys this without me showing a demo unit that works is a Moron
They have yet to offer a unit to me for the demo.



####################################################################






If they are legit  they can pm me and send me a miner  Just like panda miner sent to me ..  up front I tested it I reviewed it.  I then paid them.

So Here I am send me one.

The difference here is  they claim to have  a god like /a genie/ a true wonder of a miner.

75th at 1500 watts vs 13th at 1500 watts.

No one would sell it they would mine  and get rich.

but they can pm me and I will test drive it for them.

***  Foxminers LLC If someone buys this miner without a well-known and trusted Forum User 1st getting one for doing a review and posting it here then well, you have been warned ***

Of course they fly to us and under the border radars. How do you think they can afford to 'pay' all shipping and Customs Duties?

Just strap the miners to their backs and feed them a bale of hay before sending them on their way

Well, this thread is at least good for a hearty laugh. Let's recap:

1- a few losers with minimal knowledge of mining, hear about the explosion in BTC & Altcoin prices and decided to hatch a scam
2- after writing up some obviously contrived technical specs, they open a new account on various forums to begin to try to perpetrate their scam
3- newbie with almost no prior activity here posts obviously made-up horse-shyt... including the always laughable "I am not affiliated with this product" BS... trying to convince people this is the best thing since sliced bread
4- after countless, experienced miners call out what utter BS this "product" is, OP continues to go overboard trying to defend it... including referencing 3-year old tech articles that don't have shyt to do with the product, and contrived videos with obvious actors reading BS from cue cards lol
5- OP continues getting slammed and eventually goes away when they realize nobody here is going to give the BS company $1
6- OP and cohorts continue their career at local McDonalds, which is quite ironic given that's the address they used for this supposed company lol

did I miss anything?

Did you folks read the chip whitepaper and ALL the product info for the one I'm assuming we are discussing, FOXMINERS F48?  I'm assuming that from the tech benchmarks in the OP.  The website states it does has 48 dual ASIC's and has some verbiage that indicates in a general way how they achieved that benchmark result with their software and hardware design.

If it isn't a scam or open sourced, you want them to release their full proprietary design and tank immediately instead of waiting a few years for reverse engineering and then tank?  I'm not going to list all the indicators I see that indicate it might not be a scam.  I've spent enough time on this for now, other things to do.  Read the whitepaper.  https://foxminers.com/FM9800DataSheet_FoxMiners.pdf  A spot of grammar oops here and there but it isn't chinglish to me, nor is their site.  

Making a profit isn't evil or wrong.  No crowdfunding that I saw.  It's a common marketing practice to have a fake introductory discount price but it isn't really illegal.  Don't believe me?  Coke or Pepsi is ALWAYS on sale.

This article is somewhat illuminating.  http://www.eetimes.com/author.asp?doc_id=1321536

I'm not trying to pump this unit, I have no connection to them other than it came up in my Google alert and I read quite a bit of it.  I think they've released a LOT of info on a new chip and it will take a very good EE\chip designer\coder to vet it all for possibility.  Or someone trustworthy enough to get ahold of one and validate with real world results and publish.

I'm not a big player in the cryptocurrency world but I worked for a considerable time in IT security and handling marketing PID, using cryptography, hashing, salts, and a few other goodies I can't remember the names of currently.  I'm primarily a trader but I keep up with cryptocurrency a good bit, just not reading every thread in this gazillion post DB.

I never do presales, not even for a hundred bucks.  I don't fall for scams, cryptocurrency or otherwise.  I won't buy a unit but I may contact the company and see if I can get one in a low risk fashion or talk to someone else who might.

Crapping on new cryptocurrency advances is very popular.  The zillion new 'journalists need something to do.

I keep a fairly low profile on the web on purpose until lately, when I changed my strategy some.  Like many cryptocurrency enthusiasts I value my privacy so I'm not a big forum poster.

3 unicorns for anyone that can assist me in getting a real world test going. 

***  Foxminers LLC If someone buys this miner without a well-known and trusted Forum User 1st getting one for doing a review and posting it here then well, you have been warned ***

@ delicopsch56
That was a direct, factual, to-the-point reply. Not 'Crappy ass". It pretty much mirrors the sentiment of others who all say this is a SCAM.

With all of 4 posts and having been here since Dec 2016 you obviously know much more about mining than others here who have been in this game for far longer and have seen this type of SCAM pop up at least 2-3 times a year.

Since you wish to leave in a dream world, so be it. Now on ignore.

Love the video, shows 3 shares accepted, all with difficulty of 0/0, and no work units. Kinda what you get when mining with the WRONG Kernel.

@28nm huh ? Yeah. I can smell the scam all the way here in Montana.

Would be kinda fun to fill out their form and leave the Los Gatos Police Department's phone number as the contact number.

That was kind of a crappyass response.  

If I remember correctly from a few days ago, and this is the same thing, I'll check my notes, but I think they claim they found they found a software improvement that kicked ass, and they've been working on it like FIVE years.

I read approximately half of their stuff, and this is speculation, but while doing so I did what I always do, consider remote possibilities.  We don't know what we don't know, but every once in a while someone discovers same.  I did spend a couple years in an engineering program and a computer science program before graduating and I've worked in IT for 30 years.  I do know how computers, code, and IC's work in their CURRENT state. That doesn't mean that can't change.  I need proof of their less understandable claims, which is why I suggested philipma try to get a demo model so that a trusted member of the community can evaluate it.

Additionally, their website worked damn well, and my attention to detail from many years in IT gives me a sharp eye for rushed crappy presentation work.  I always evaluate that as I spent some time in IT for marketing.  I consider it an important measure of professionalism, and I keep tabs on how companies and organizations present themselves..  If it weren't for world events other than the US I'd be the hell out of BTC completely.

The world changes every second.  I'm 'middle age' and I remember doing an activity my daughter hated when she was 12.  We talked about every electric or electronic device in our house that existed when I was her age.  Needless to say, but there wasn't a big list.

I'm not buying one now.  I merely made a suggestion on how their claims could be validated in the real world.  I'm not advocating that anyone try to buy the moon, but some people think we landed here.

Oh, and Google maps can't even place my house correctly, nor many other places.

Just discussing.

It seems like the consensus is that:
1. These machines are too good to be true
2. They've blatantly cribbed marketing copy from several places
3. Their HQ is in a McDonalds
4. They harass you like they're selling a timeshare after they get your phone #
5. It stinks like horse shit

Did I miss anything?  I appreciate everyone taking a look.  Hopefully, potential "investors" stop by this thread before they send them any money.

***  Foxminers LLC is a SCAM! If someone pays for their non-existent their miners without any well-known and trusted Forum Users 1st getting hold of one for doing a review and posting it here then well, you have been warned ***

Sigh. Oh the wide-eyed wonder of those who know nothing about how their shiny toys work and even less about the technology behind them...

In this case: Yes we can write it off. NOTHING in their 'specifications' even remotely resemble what the physics behind IC's and ASIC's allows.

Speculation about what could be possible in the future is one thing. Out right lying about what a mature technology like 28nm chips can do is screaming SCAM SCAM SCAM knowing full well that there are many naive wide-eyed rubes out there waiting to be fleeced.

As for suing them.. Right... The only folks that get money out of that is the lawyers. Just talk to folks who sued KnC, Hashfast, AMT, Bitmine.ch and others.

Well, if they're in the US you could sue them into next year if it's a scam if they don't end up in prison.  My thought for acquiring a real world tester is philipma.  I think he might have gotten an antminer or some ASIC with no money up front with some clever arguments and his reputation.  And they do take Paypal, and there is at least a chargeback recourse there.  It does seem a bit crazy, that much gain, but I don't think you can completely write off advances in the engineering of a an ASIC that can run two very similar programs.  Even in more general purpose chips.  Probably every general purpose computer in use today is more powerful than the first supercomputers.  As to the algorithms, never count out a brilliant EE or programmer who finds another way.  History shows us this.

Well, they have guts, that's for sure.

Their office is about 12 minutes down the road from mine. Maybe I'll go check them out.

Unless of course they're in the McDonalds (which is what Google street shows).

Ive filled their order form yesterday to check their btc rate and they called me 3 times yesterday, had to block them on my phone

Its a scam for sure, who on earth would spam their potential clients when you have by far the most advanced product on the market!


Just do the test, fill the form with your phone number, you will get call im sure