Topic: The Scam List - page 7. (Read 31216 times)

Are we interested in calling out the scammy cloud asic mining companies?

Anyone receive their "Cryoniks Frostbit" 10th/s liquid nitrogen cooled miner with advanced led lighting yet?

Yes, we don't see the point in building our own chip. We have a few modular designs which is versatile enough to drive slot any chip. Currently we're  building on Bitfury, and Avalon and we're direct distributors of CoinCraft, building on that as well. Also looking into a few other players as well and building a litecoin miner. In general, we're pulling a dell.

Just keep us off you're list. If you want, you can resell our miners too just like you're doing for KNC.

well done septimus.


I'll like to add another one

nitro miner - probable - link

They say they have customer all over the whole esp in china and will deliver in 2 months upon order. They advertised aggressively but I have never heard of anyone running a real nitro miner today, even in china.

Ah I see!  I mistakenly thought your were developing your own ASIC chip.  So you're just building miners with Bitfury chips then?

Bitfury..

Are AMT miners actually shipping?  Has anyone here received one?

A community member had asked to add AMT to the list because of questionable actions.  I have removed it pending further investigation by the community.

BTW AMT, how about some chip pics?  

And this sent to me by PM...


So everyone, does AMT come off of the list?

NO dick, we're not part of virtual mining corp your thinking of the Advanced Mining corp or what ever company.. take us off!  You're confusing us with someone else. THIS IS OUR wonderful train wreck of an official thread! https://bitcointalksearch.org/topic/official-thread-amt-304605

I verified the company show in the contact page:


Well, it turn out that company really had a director with the name Renato Paiva, however the company was dissolved on 31/12/2009:

http://corp.sec.state.ma.us/CorpWeb/CorpSearch/CorpSummary.aspx?FEIN=371434214&SEARCH_TYPE=1

Yes. Exactly what I posted earlier.

Well done!

That Internet page is certainly a façade for an attempt of fraud.

Look at this:

http://www.coreminer.com/about.html



Now, look at this:

http://www.auroville.org/journals%26media/avtoday/archive/2004-2009/2004-02/cynergy.htm

from: https://bitcointalksearch.org/topic/coincanaryorg-no-longer-updated-all-known-vendors-and-status-176262

LOL. They now make the fastest miners available. Just goes to show you never can tell the good ones from the bad. It's almost impossible!  

Coin Canary isn't a mining company.  Operatr is a forum member that used to run a list like this.  You might want to take a look at it.

There are a lot of scams out there.  You said earlier something to the effect of people are getting out their pitchforks and going after companies before they have a chance to prove their selves.  
Innocent until proven guilty and all that, but with bitcoin mining equipment you can go after a company hard.  If they are found to be clean it only helps them.  You don't see scams last very long here because the community watches so closely.  Unfortunately they only have to make a few coins per scam to be worthwhile.  The quicker one is taken down the better, otherwise it just encourages them to do more.

The number system isn't a bad idea, though.  Each category could be worth 5-10 points

Can they prove they are the people they say they are, and their experience?  This can be checked with Linkedin profiles, and other social media.  Once it's confirmed that this person is real, it's also a good idea to have someone call up the companies they have worked for to see if they have the experience they say.  

Do their product pictures (or profiles) come up on an image search?  Often people steal pictures and modify them.  This isn't necessarily illegal, or even immoral unless they contend that they made the picture, or that their product looks like this.  Often people hire graphic designers who will just rip pictures, so this doesn't automatically make a company a scam.

Is their company located where they say?  Google earth helps here, occasionally just looking at a spot is enough to cast a potential business as questionable.

Is this location a real business, a home address, a PO box, or a hole in the wall that many businesses use?

Do they post here to allow the community to check them?  One of the most common practices is to hope that random people will stop in and spend a few thousand dollars before people call them out.

In addition to the above, are they working with any of the programmers to ensure their equipment will run the protocols properly?

Do they have contracts with a foundry, or a chip design company?  If there is a legitimate company lending it's credibility to a new start up it is very likely they are the real thing.  Of course the connection has to be checked.  Once I emailed Global Foundries about a new company and they disappeared that day.

Are they registered as a business in the company of origin?  If you can't get to this information it's unlikely they are going anywhere, since such a large endeavor is going to quickly draw the attention of local bureaucrats and the police force pretty quickly if they aren't in compliance.

Do they have employees that can be checked on?  It's hard to start a company that just has a couple engineers to do everything.

Are they funded by a known group?  This connection needs to be checked of course.

Does their website look like it took a little work to make?  Many legit companies have failed here, breaking on the order page and whatnot, but it's still worthwhile to check.

Preorders?  If they aren't taking preorders, then they aren't a normal company in this space.  Still it should be a red flag that they are making their customers into investors.  This requires diligence in other areas.



Any of these points can have exceptions.  For instance Bitfury came out of nowhere defying the first point and probably others.  In the end, though, even if a company is listed as being a likely scam all they have to do is show up with a product (video, or samples sent to programmers) with an internally consistent story and people will flock to them.  
Unfortunately, as it has been mentioned, even if a company rates highly here it is no assurance they will deliver a product.  It should make it very likely that they at least intend to do so, though.

And he writes restaurant reviews in San Francisco CA as Peter M.

http://www.yelp.com/user_details?userid=lUB8ZYqp-iao2xwy5DRl_g


Carl can be found on Flicker

http://www.flickr.com/photos/41030803@N08/9201949067/


The group photo can be found here
http://www.auroville.org/journals%26media/avtoday/archive/2004-2009/2004-02/cynergy.htm

I would like to add a scam to the list or lests say probably scam to be fair.

I had a look on another forum, which was quite interesting, pretty much every thread was a scam. But this scam was the one they seemed to push hardest.

www.coreminer.com

Feel sorry for the poor guys on that forum that seemed to be falling for it. Anyway if they happens to stumble on to this forum instead they might see this list with coreminer included and save there money.

The company is a swedish registered company with no employees or consumer products (pays no Swedish VAT). And no funding etc..
They have not a 4Th asic for delivery in february.

Source:
http://translate.google.se/translate?sl=auto&tl=en&js=n&prev=_t&hl=sv&ie=UTF-8&u=http%3A%2F%2Fwww.allabolag.se%2F5567063200%2Fverksamhet

Update:
Haha this is funny, I exposed them on the other forum and now when I had a look now they have changed the info on the webpage from 3core Company Limited to another company, Data Converters Ltd. And the name of the guy in the picture is no longer Jonas Karlsson, his name is now RENATO PAIVA, IT- specialist.   So I guess this is a confirmed scam if you want to add it.

On a scale from 1-100, 1 being the worst and 100 being the best, is there a company out there right now that would rate a 100? Maybe we take the qualities of a 100 company and work backwards.