Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: Beta-coiner1 on April 07, 2013, 11:26:06 PM



Title: Another ASIC company[Could be a scam?]
Post by: Beta-coiner1 on April 07, 2013, 11:26:06 PM
Just thought I'd post this (http://www.gxmining.com/) here before.Reportedly it is 100 GH that looks like BFL's offerings,lol.


Title: Re: Another ASIC company[Could be a scam?]
Post by: DrG on April 08, 2013, 12:20:49 AM
What interesting colors and fonts.  I've never seen a website like that before  ::)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 08, 2013, 02:09:40 AM
Quote
The GX-100 is a complete game changer! Unrivalled power, Ultra Compact & Super Efficient. In stock ready to ship.

Beware companies with simple spelling errors on their page...

Plus this Photoshopped Butterfly miner isn't fooling anyone...is it? Red flags all over this

Note a curious lack of any information about the company, where it is from, who runs it, etc.


Title: Re: Another ASIC company[Could be a scam?]
Post by: poblico on April 08, 2013, 09:45:29 AM
The UK number is disconnected.

If it looks like a scam and smells like a scam...



Title: Re: Another ASIC company[Could be a scam?]
Post by: t3c on April 08, 2013, 11:38:12 AM
I work 5 mins away

Will report back


Title: Re: Another ASIC company[Could be a scam?]
Post by: t3c on April 08, 2013, 11:50:03 AM
Company registered on 3/4/13 and they have a working product?

lol


Title: Re: Another ASIC company[Could be a scam?]
Post by: Krabby on April 08, 2013, 12:25:27 PM
These sites are getting more professional by the day...


Title: Re: Another ASIC company[Could be a scam?]
Post by: Herbalconfusion on April 08, 2013, 10:44:55 PM
Obvious scam is obvious...


Title: Re: Another ASIC company[Could be a scam?]
Post by: Tronlet on April 08, 2013, 11:35:59 PM
100% scam. To repost my comment from another thread:

Look more closely at the patterns, that image is literally the exact same image as the BFL one, just with the logo photoshopped out, the color of the light photoshopped, and that red glow.

Not to mention how literally everything on their website is a dream come true, except for how there's no reason to believe any of it is true.

Absolute obvious shameless scam.

Quote
Is there a limit to how many miners that I can purchase?
We will not be placing any limitations. Each customer will have the opportunity to purchase as many machines as they like, presuming we have the stock available.

Is your GX-100 in stock right now?
Unlike our competitors our machines are in stock and ready to ship immediately, only whilst stocks last..

Will you be selling any more machines once you have sold out of the GX-100?
We do have more models in production that we are expecting to release in the summer. Please note that we will not be taking any pre-orders on these units. We will only ever offer our products to the public if we hold them in stock.

Do I need any technical capabilities to start using your machine to mine Bitcoin?
We are very proud of the usability of our GX-100. The device is pre-configured and will automatically install onto your laptop/computer when connected.

Do you offer a warranty on the GX-100?
All of our machines will ship with a comprehensive 2 year guarantee. We are fully prepared to repair our machines at our own expense and in the event that the machine is irreparable we will directly replace it.

Why are you only offering 500 units?
We have chosen to offer 500 of our GX-100 miners as we did not want to flood the market, which would have a detrimental effect on the overall efficiency of the miners.

What company do you use to ship the machines?
Your machine/s will be shipped via Royal Mail (Tracked & Insured).


Title: Re: Another ASIC company[Could be a scam?]
Post by: pcm81 on April 09, 2013, 04:52:14 AM
If you click on "buy now" button, it does not actually work. LOL


Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 09, 2013, 10:15:36 PM
They are asking for 30BTC at the current rate of 1BTC = 237USD, so 237USD * 30BTC = $7110

No previous announcements and looks like the box is photoshopped from BFL single SC.

Hmmmm.... wait for it......... smells like............... scam :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Tronlet on April 10, 2013, 02:04:00 AM
If you click on "buy now" button, it does not actually work. LOL
Let's not try that. Just in case.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Beta-coiner1 on April 13, 2013, 11:23:23 PM
Here's another for the list....ASIC rigs (http://www.asicrigs.com/).


Title: Re: Another ASIC company[Could be a scam?]
Post by: Matthew N. Wright on April 13, 2013, 11:24:29 PM
Here's another for the list....ASIC rigs (http://www.asicrigs.com/).

Lol. They didn't even bother changing their color scheme.


Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 14, 2013, 01:02:08 AM
Here's another for the list....ASIC rigs (http://www.asicrigs.com/).

I didn't know that ASIC's could be manufactured in your very own home! :P

https://dl.dropboxusercontent.com/u/22873106/minirigs/minirigs.png


Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 14, 2013, 01:17:00 AM
IMO, ASIC technology reputation for bitcoin mining is bad due to ASIC companies (some that are fake) who are popping like daisies, are abusing the mining community into buying their vapour products. Companies that have no visible demonstrations of how their products work are advertising freely with no one to keep them checked and being funded by pre-orders never to be seen. More worryingly is the fact that bogus companies like GPU rigs LTD and ASIC rigs LTD are not even listed in the companies house website and have listed a residential house as its headquarters!!!

http://wck2.companieshouse.gov.uk//companysearch?disp=1&frfsh=1365901954&#result

I believe that ASIC rigs LTD and GPU rigs LTD should be flagged as scam companies.

What are your views?


Title: Re: Another ASIC company[Could be a scam?]
Post by: DrG on April 14, 2013, 01:30:41 AM
No Pick and Place inside the house? ::)


Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 14, 2013, 03:13:50 AM
No Pick and Place inside the house? ::)

Maybe its in the shed which is itself a subterranean base with hundreds of henchmen working tirelessly packing ASIC's for the world population a-la Dr.Evil style. But I doubt it :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: DrG on April 14, 2013, 03:40:54 AM
No Pick and Place inside the house? ::)

Maybe its in the shed which is itself a subterranean base with hundreds of henchmen working tirelessly packing ASIC's for the world population a-la Dr.Evil style. But I doubt it :)

And who needs an oven when you have a secret volcano lair.

I shall call him..... mini-Josh.  Come mini-Josh!


Title: Re: Another ASIC company[Could be a scam?]
Post by: sv4ol84a6v79a46ilby on April 14, 2013, 04:07:27 AM
The fact it looks identical to Butterfly Labs device, phone number does not work, and add to cart does nothing, makes it look like not a real site.

Really good web design however!


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 14, 2013, 07:23:12 AM
There is another almost just like it called gxmining.com, it has the same 'Shopped BFL units. Same scammers perhaps?


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 05:42:56 PM
Hello everyone I was alerted to this thread by email so wanted to address some of your concerns.

First and foremost, we are definitely not a scam company, we are however a new company that has only come out publicly over the past 7 days (we have been working on our product line for about 2 months though) with the launch of both our http://www.gpurigs.com website and our http://www.asicrigs.com website.

Yes, both sites have the same layout and color scheme on them as we are wanting to keep our costs low while we maintain our growth by maximizing our profitability, that is just good business logic.

Our ASIC chips are being manufactured by an established company in the United States, ON Semiconductors, we are not, as someone jokingly stated, manufacturing them from our company owners home. On Semiconductors have been in business for over 40 years manufacturing chipsets so we are fully confident in their ability to produce the chipsets for our ASIC devices, despite there already being a couple of delays due to the components not meeting the hashing power we require for the mining devices.

Secondly, yes our business is registered via the owners private residence presently, just like millions of other companies around the globe, once we have established ourselves we will obviously be looking to take the business out of the home and into a commercial property but for now, we are registered to a private residential address (as someone has already used Google maps to post).

As for our phone number not working, you are correct, this is an online business and we answer all emails in a timely manner, there is absolutely no need for us to have a phone number on our website, again, just as millions of other websites do not list their phone numbers.

If this makes you think we are a scam company, so be it, but ultimately, we have not approached anyone to purchase (or pressure them to purchase) any of our ASIC rigs due to orders not being able to be fulfilled until at least June-July presently but we are actively starting to promote our GPU Rigs (see signature) if anyone would like to purchase one of those (GPU Rigs should be shipped within 7-10 days of order).

Once we are ready (and confident) that we can meet the needs, expectations and demands and more importantly ship our ASIC line of products, we will obviously start promoting those heavily (we are in soft-launch stage presently).

In addition, it was also mentioned that our ASIC mining devices look similar in style to the BFL product line, this is correct, we wanted to open them to the market with a design and specification that potential customers are already used to seeing, much like if another company was to launch a new range of laptops, they would ensure that they actually looked like existing laptops in the marketplace.

I am sure that there are many of you whom after reading this response will still be skeptical and unfortunately I doubt there is anything I can do to overcome that (based on past experiences with companies actively selling ASIC setups that have over-promised and under-delivered) I just hope that over time, we can become a trusted provider of bitcoin and litecoin mining devices to the industry.

Thank you for giving me the opportunity to address these concerns and, if  you have any other questions, comments or concerns I would be happy to discuss them publicly on this community forum or, privately by email if you wish to contact us directly.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Jahare on April 14, 2013, 05:51:16 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 05:57:20 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 14, 2013, 08:29:09 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 09:19:07 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:22:43 PM
I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 09:26:38 PM
I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:30:22 PM
I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option :)
Find out. Update us and give me a price.

John K is a Moderator on this forum and offers a lot of the Escrow services in use. I can pay in Bank Transfer/SEPA/FPS/PayPal etc. It will all go through John K.

If you can ship an ASIC to someone, me for example, then you will generate orders quickly without doubt.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 09:33:11 PM
I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option :)
Find out. Update us and give me a price.

John K is a Moderator on this forum and offers a lot of the Escrow services in use. I can pay in Bank Transfer/SEPA/FPS/PayPal etc. It will all go through John K.

If you can ship an ASIC to someone, me for example, then you will generate orders quickly without doubt.

Ultimately it isn't my decision but I will definitely ask the company owner tomorrow and keep you updated on this, I actually like the idea, my only concern would be with delivery but as the funds are in escrow you aren't really losing anything and neither are we once we are able to ship units so I'm not seeing it being a problem :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:41:14 PM
The way I would imagine it would work is...

You tell me price.
I pay that money to John K [you pay any Escrow fees associated - you are proving your value to the community, not me]

You ship.

I receive.

I confirm it works/mines.

John K releases funds.

You get MANY orders from other users.


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on April 14, 2013, 09:46:26 PM
The way I would imagine it would work is...

You tell me price.
I pay that money to John K [you pay any Escrow fees associated - you are proving your value to the community, not me]

You ship.

I receive.

I confirm it works/mines.

John K releases funds.

You get MANY orders from other users.

If you agree to this deal (and there is no reason not to if you are legit) I'm definitely in as well. If the price and specs correspond to the website, I'm open to discuss paying for the escrow fee as well.


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:47:14 PM
It's essentially a very good opportunity for this company to prove their worth.

I will document, pictures, update, etc if it happens.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 09:49:02 PM
Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Lodbrok on April 14, 2013, 09:49:49 PM
I got one.  I decided to open it to view the components and found something very interesting.
http://previews.agefotostock.com/previewimage/bajaage/920fa6f4acf56ff39e99ce1a9b2f2c40/NGR-02A10P8Q.jpg


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:50:39 PM
Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.
This totally should be your decision.

I will pretty much assure you that if you can deliver a working ASIC to me then other people will order quickly. They will literally flow in. People want ASICs and people want them now.


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on April 14, 2013, 09:53:12 PM
Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.

Sounds good :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 09:57:35 PM
Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.
This totally should be your decision.

I will pretty much assure you that if you can deliver a working ASIC to me then other people will order quickly. They will literally flow in. People want ASICs and people want them now.

No. It shouldn't, it isn't my company, I'm just an employee.

That'd be like a worker at the Budweiser factory just randomly deciding to change the recipe because a few people wanted it changing.

It isn't my job to dictate company policy, no matter how much I like the idea personally.

People may want ASICs now but right now, as I have already stated we are unsure of shipping based on what our chip provider has told us, what is to stop us (potentially if we were scammers) having 1 device made, shipped to you and then taking hundreds, potentially thousands of orders after you have posted pics, reviews, etc?

We'd rather start selling once we know for certain we can ship based on demand not just take peoples money and constantly delay their shipping, that is what happened with BFL, we want to learn from the mistakes of others, not duplicate them LOL


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 14, 2013, 09:59:17 PM
If you're the Sales/Marketing guy for the company, any company... and you can promote the company to be a non-scam company I think you will find you will do a hell of a lot more GOOD than BAD.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 10:02:35 PM
If you're the Sales/Marketing guy for the company, any company... and you can promote the company to be a non-scam company I think you will find you will do a hell of a lot more GOOD than BAD.

You still don't go over the company owners head and make decisions on your own, all that achieves is getting the company good publicity and then having to file for JSA the next day.


Title: Re: Another ASIC company[Could be a scam?]
Post by: lerelerele on April 14, 2013, 10:07:15 PM
I,m thinking about 4 jalapeno but if i preorder with BFL iŽll donŽt have it here before August, this is a pont for you, June? Really? Is there anybody who can see it mining? open your doors to someone living close to you with a reputation here and youŽll have more work than you never mind.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 14, 2013, 10:08:16 PM
Anyway, calling it a night as its late and I have stuff to do tomorrow.

Once I have heard back on this (just emailed him about it) I will post and let you know.

Thank you all again for the opportunity to answer your questions and concerns, have a great night, afternoon, morning (whichever applies).


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 14, 2013, 10:08:53 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

To begin, I am not trying to personally attack you or discredit your company, and wish to remain objective.

However, I am not the one who needs to provide the burden of proof.

Your operation looks like a scam because:

1. Priced units available to buy with ZERO evidence they exist in any form, in development or otherwise. This is the big one. You have stated yourself they are not in production at any level, and you are just now sourcing hardware. Why should anyone trust you to deliver? How many pre-orders do you have so far? Did you already have startup capital (let's be real, ASIC is expensive to design and produce en mass), or is it a bootstrap operation based on pre-orders? Do you at least have a picture of a working GPU rig? Anything at all? All we have currently are a few websites and a vague promise backed on nothing but your word.  If you show me something concrete I'm more than happy to leave you alone.

2. Sketchy home-based office. Not an issue on it's own per se for reasons you have stated, but still peculiar for a hardware company. Do you intend to have them produced entirely by outside companies and drop shipped later on? Or get a commercial space later on? Understandably you have no need for a commercial office in the design/sourcing stage.

3. Units depicted look like 'Shopped images of Butterfly Labs machines. This is not a "mockup", its a direct rip off of their design if that is the direction the finished units are going. Even if that is true and you are indeed producing these, it is bull on it's own to steal someone else's work, and an infringement of intellectual property rights. So yes you ARE RIPPING THEM OFF. Considered a "popular look" by whom? Avalons look nothing like BFL gear. Plus I don't think real miners really give a damn about how it looks as long as it functions.

I have no problem with the fact that ASIC must be produced by specialists and sourced out, they all do.

4. A 3rd site called GXMINING.com that looks very similar to the others, I cannot ignore it. It is also a UK registration, uses very similar images, colors, and layout, etc. Can you explain this? Either this is also yours, or someone else is ripping you off which I find hard to believe.


Again it isn't up to me to prove you and your enterprise is real and serious, if it is then I do wish you the best, I really do. However there are too many oddities to overlook, and too many scam sites out there that only hurt the Bitcoin community.

I am conducting a tribunal to find out the truth about these companies before people give scammers their money and are discouraged from further participation in Bitcoin. Every Bitcoin hardware producer is under my eye, so please do not take any of this personally.







Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 14, 2013, 10:15:44 PM
If you are representing a company or companies which is the case, can you post a link to companies house and include the company number here so that the community can see if you are a legitimate registered company? Also, providing names of company reps help a lot in boosting your reputation.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 14, 2013, 11:24:50 PM
A formal review thread has been created

https://bitcointalk.org/index.php?topic=176262.0


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 15, 2013, 04:03:19 PM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 15, 2013, 04:07:30 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

To begin, I am not trying to personally attack you or discredit your company, and wish to remain objective.

However, I am not the one who needs to provide the burden of proof.

Your operation looks like a scam because:

1. Priced units available to buy with ZERO evidence they exist in any form, in development or otherwise. This is the big one. You have stated yourself they are not in production at any level, and you are just now sourcing hardware. Why should anyone trust you to deliver? How many pre-orders do you have so far? Did you already have startup capital (let's be real, ASIC is expensive to design and produce en mass), or is it a bootstrap operation based on pre-orders? Do you at least have a picture of a working GPU rig? Anything at all? All we have currently are a few websites and a vague promise backed on nothing but your word.  If you show me something concrete I'm more than happy to leave you alone.

2. Sketchy home-based office. Not an issue on it's own per se for reasons you have stated, but still peculiar for a hardware company. Do you intend to have them produced entirely by outside companies and drop shipped later on? Or get a commercial space later on? Understandably you have no need for a commercial office in the design/sourcing stage.

3. Units depicted look like 'Shopped images of Butterfly Labs machines. This is not a "mockup", its a direct rip off of their design if that is the direction the finished units are going. Even if that is true and you are indeed producing these, it is bull on it's own to steal someone else's work, and an infringement of intellectual property rights. So yes you ARE RIPPING THEM OFF. Considered a "popular look" by whom? Avalons look nothing like BFL gear. Plus I don't think real miners really give a damn about how it looks as long as it functions.

I have no problem with the fact that ASIC must be produced by specialists and sourced out, they all do.

4. A 3rd site called GXMINING.com that looks very similar to the others, I cannot ignore it. It is also a UK registration, uses very similar images, colors, and layout, etc. Can you explain this? Either this is also yours, or someone else is ripping you off which I find hard to believe.


Again it isn't up to me to prove you and your enterprise is real and serious, if it is then I do wish you the best, I really do. However there are too many oddities to overlook, and too many scam sites out there that only hurt the Bitcoin community.

I am conducting a tribunal to find out the truth about these companies before people give scammers their money and are discouraged from further participation in Bitcoin. Every Bitcoin hardware producer is under my eye, so please do not take any of this personally.



I don't, like I mentioned before we were aware we'd have issues such as this entering the marketplace, its just a shame that out of all the 'scam' companies listed, we seem to be the only ones feeling the brute force behind these attacks, sorry I mean tribunal, as others have obviously stayed clear of these types of threads for reasons unknown whilst we are actively trying to clear our company name among a few naysayers (who I honestly believe will never be satisfied no matter what we tell, show or ship out to them once our ASIC devices are ready to ship).


Title: Re: Another ASIC company[Could be a scam?]
Post by: skang on April 15, 2013, 04:40:10 PM
So you were to call your wafer suppliers and give us a tentative shipping date today.
Any updates?


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 15, 2013, 04:50:27 PM
So you were to call your wafer suppliers and give us a tentative shipping date today.
Any updates?

I am still waiting to hear back on an actual shipping date :/

Right now I am being told sometime June / July but that could change depending on the status of the ASIC chips, wish I could give you a solid answer but presently we do not have a solid date on this ourselves.


Title: Re: Another ASIC company[Could be a scam?]
Post by: jml on April 15, 2013, 05:56:06 PM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping.  

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

To begin, I am not trying to personally attack you or discredit your company, and wish to remain objective.

However, I am not the one who needs to provide the burden of proof.

Your operation looks like a scam because:

1. Priced units available to buy with ZERO evidence they exist in any form, in development or otherwise. This is the big one. You have stated yourself they are not in production at any level, and you are just now sourcing hardware. Why should anyone trust you to deliver? How many pre-orders do you have so far? Did you already have startup capital (let's be real, ASIC is expensive to design and produce en mass), or is it a bootstrap operation based on pre-orders? Do you at least have a picture of a working GPU rig? Anything at all? All we have currently are a few websites and a vague promise backed on nothing but your word.  If you show me something concrete I'm more than happy to leave you alone.

2. Sketchy home-based office. Not an issue on it's own per se for reasons you have stated, but still peculiar for a hardware company. Do you intend to have them produced entirely by outside companies and drop shipped later on? Or get a commercial space later on? Understandably you have no need for a commercial office in the design/sourcing stage.

3. Units depicted look like 'Shopped images of Butterfly Labs machines. This is not a "mockup", its a direct rip off of their design if that is the direction the finished units are going. Even if that is true and you are indeed producing these, it is bull on it's own to steal someone else's work, and an infringement of intellectual property rights. So yes you ARE RIPPING THEM OFF. Considered a "popular look" by whom? Avalons look nothing like BFL gear. Plus I don't think real miners really give a damn about how it looks as long as it functions.

I have no problem with the fact that ASIC must be produced by specialists and sourced out, they all do.

4. A 3rd site called GXMINING.com that looks very similar to the others, I cannot ignore it. It is also a UK registration, uses very similar images, colors, and layout, etc. Can you explain this? Either this is also yours, or someone else is ripping you off which I find hard to believe.


Again it isn't up to me to prove you and your enterprise is real and serious, if it is then I do wish you the best, I really do. However there are too many oddities to overlook, and too many scam sites out there that only hurt the Bitcoin community.

I am conducting a tribunal to find out the truth about these companies before people give scammers their money and are discouraged from further participation in Bitcoin. Every Bitcoin hardware producer is under my eye, so please do not take any of this personally.



I don't, like I mentioned before we were aware we'd have issues such as this entering the marketplace, its just a shame that out of all the 'scam' companies listed, we seem to be the only ones feeling the brute force behind these attacks, sorry I mean tribunal, as others have obviously stayed clear of these types of threads for reasons unknown whilst we are actively trying to clear our company name among a few naysayers (who I honestly believe will never be satisfied no matter what we tell, show or ship out to them once our ASIC devices are ready to ship).

Not true. You are not the only company being grilled in this community :) Not everything that we say is negative though I can be very picky because it is in my nature to be highly critical. If you want to take my critiques, fine, if not, then don't. I am not imposing here on what I say, but like I have stated with previous companies, I won't invest any money until I see demonstrable work. Otherwise, I will take it as half baked business proposals.


Title: Re: Another ASIC company[Could be a scam?]
Post by: hous on April 15, 2013, 05:57:28 PM
fishy :D


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on April 15, 2013, 06:23:46 PM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.

Please consider me as one of those five.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 15, 2013, 06:34:53 PM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.

Please consider me as one of those five.

Not a problem. Will let you know directly when we are able to ship a device so that we can arrange the escrow payment :)

Thank you :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on April 15, 2013, 06:50:22 PM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.

Please consider me as one of those five.

Not a problem. Will let you know directly when we are able to ship a device so that we can arrange the escrow payment :)

Thank you :)

Thank you as well. I PM'ed John K about this thread asking whether he agrees to provide his escrow service.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Nancarrow on April 15, 2013, 09:42:20 PM
I would also be happy to be one of these magical five escrowers. On the plus side, I've been on the forums over a year and never scammed anyone. On the minus side, I'm nobody special. On the plus side again, I'm British (Londoner) so shipping would be quick and easy.


Title: Re: Another ASIC company[Could be a scam?]
Post by: imsaguy on April 15, 2013, 10:36:41 PM
I'm with limited connectivity at the moment but would like to reserve a spot. Please let me know what i need to do.


Title: Re: Another ASIC company[Could be a scam?]
Post by: BigBitz on April 15, 2013, 10:46:35 PM
That seems like a positive reply. I am glad to hear this.

I look forward to being the first to receive [or one of the 5, anwyays] one of these ASIC machines.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 16, 2013, 01:33:01 AM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

To begin, I am not trying to personally attack you or discredit your company, and wish to remain objective.

However, I am not the one who needs to provide the burden of proof.

Your operation looks like a scam because:

1. Priced units available to buy with ZERO evidence they exist in any form, in development or otherwise. This is the big one. You have stated yourself they are not in production at any level, and you are just now sourcing hardware. Why should anyone trust you to deliver? How many pre-orders do you have so far? Did you already have startup capital (let's be real, ASIC is expensive to design and produce en mass), or is it a bootstrap operation based on pre-orders? Do you at least have a picture of a working GPU rig? Anything at all? All we have currently are a few websites and a vague promise backed on nothing but your word.  If you show me something concrete I'm more than happy to leave you alone.

2. Sketchy home-based office. Not an issue on it's own per se for reasons you have stated, but still peculiar for a hardware company. Do you intend to have them produced entirely by outside companies and drop shipped later on? Or get a commercial space later on? Understandably you have no need for a commercial office in the design/sourcing stage.

3. Units depicted look like 'Shopped images of Butterfly Labs machines. This is not a "mockup", its a direct rip off of their design if that is the direction the finished units are going. Even if that is true and you are indeed producing these, it is bull on it's own to steal someone else's work, and an infringement of intellectual property rights. So yes you ARE RIPPING THEM OFF. Considered a "popular look" by whom? Avalons look nothing like BFL gear. Plus I don't think real miners really give a damn about how it looks as long as it functions.

I have no problem with the fact that ASIC must be produced by specialists and sourced out, they all do.

4. A 3rd site called GXMINING.com that looks very similar to the others, I cannot ignore it. It is also a UK registration, uses very similar images, colors, and layout, etc. Can you explain this? Either this is also yours, or someone else is ripping you off which I find hard to believe.


Again it isn't up to me to prove you and your enterprise is real and serious, if it is then I do wish you the best, I really do. However there are too many oddities to overlook, and too many scam sites out there that only hurt the Bitcoin community.

I am conducting a tribunal to find out the truth about these companies before people give scammers their money and are discouraged from further participation in Bitcoin. Every Bitcoin hardware producer is under my eye, so please do not take any of this personally.



I don't, like I mentioned before we were aware we'd have issues such as this entering the marketplace, its just a shame that out of all the 'scam' companies listed, we seem to be the only ones feeling the brute force behind these attacks, sorry I mean tribunal, as others have obviously stayed clear of these types of threads for reasons unknown whilst we are actively trying to clear our company name among a few naysayers (who I honestly believe will never be satisfied no matter what we tell, show or ship out to them once our ASIC devices are ready to ship).

As noted, my objective is not to baselessly attack anyone, simply analyze available facts and draw a conclusion as to the nature of your business and it's overall credibility to weed out the scams from the real deal.

I appreciate you are speaking to everyone and making things more clear.

You are not the only one under my microscope, as noted in the Scam Alerts and Review Panel. I will say if everything you are saying is true (lets be fair, there is still nothing here directly proving or disproving what you are saying), if you want your company to not be labeled as a scam I would take down the BFL Photoshops and have no image until there is something to show, or a unique mockup your company designed. Seeing these images over 3 sites that sprung up out of nowhere was a big red flag to me.

You also didn't answer my other question, do you know what GXMINING.COM is and does it have any relation to your company as well? It uses very similar themes and images.


Title: Re: Another ASIC company[Could be a scam?]
Post by: John (John K.) on April 16, 2013, 01:55:35 AM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.

I have been alerted by wachtwoord to this thread. I'm willing to act as the escrow for a flat 1.5% fee here, considering that this is a commercial transaction. Please drop me a PM when you need my services.


Title: Re: Another ASIC company[Could be a scam?]
Post by: John (John K.) on April 16, 2013, 01:59:50 AM
Okay here is an update on the escrow idea suggested on the 2nd page of this thread.

In essence, yes, we will happily do that however, what we would prefer is to do an escrow payment for the first 5 ASIC rigs when we are ready and able to ship them to customers.

This basically means that nobody wanting to order one of our ASIC systems has to tie bitcoin funds up prematurely and also, does not put us in the position of tying peoples funds up and having unexpected further delays, thus being labeled 'scammers' further on the boards due to delays, like what is currently happening with BFL by many individuals.

So yes, the first 5 people in this thread to post they would like to utilize the escrow suggestion, we will definitely honor that, once our ASIC Rigs are ready and able to be shipped to customers so long as John K is alright with that and the fees for using him as escrow aren't ridiculous.

Our only real stipulation is that we ask the escrow payments ONLY be used by individuals on BitcoinTalk that are established, well-known on this forum and will actively verify the rigs do work and also post a review of them on this very forum in detail.

I have been alerted by wachtwoord to this thread. I'm willing to act as the escrow for a flat 1.5% fee here, considering that this is a commercial transaction. Please drop me a PM when you need my services.
Oh, and before I forget - I only do pure BTC escrow here to lessen the transfer fees and hassle involved. I will not hold PayPal/Wire unless I decide otherwise.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Aristotle on April 16, 2013, 04:34:35 AM
Count me in for one of the first people to review an ASIC. Just to be clear, it would be the AR10 for $2649.00, right?


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 16, 2013, 03:38:35 PM
Thank you John K.

Thank you to those who have also requested to be one of the first 5 to get one of our ASIC devices when they are ready to ship and do a review on them, we really appreciate it.

We have heard back from our chip manufacturer today however, they have not given us a solid date for when these chips will be ready to utilize fully, we are currently trying to get more information so that we can set a timeline for people wanting to order our products and lay rest to claims we are a scam company.

At the same time, we are also looking to source chips from a potential other provider (as a backup) should our current provider not be able to give us a definite timeframe for when these chips will be ready.

Thanks again for all the questions, comments and feedback we are getting about our ASIC Rigs line of mining devices, we honestly didn't expect that for a product we have not officially launched yet, there would be this much interest! We (as well as you) are anxiously awaiting news on when we can finally fulfill orders and be able to ship this range of ASIC mining devices out, as always, once I have more news to post, I will do so in this thread.

In addition, those of you who have emailed over the past 24 hours, you should now have replies to your queries.




Title: Re: Another ASIC company[Could be a scam?]
Post by: skang on April 16, 2013, 06:52:29 PM
I am in for an order using an escrow for trial. Plus if it happens, it will be the first ever ASIC in India and that will be a huge rep++ for you! There is a growing community here but nothing to buy, be it FPGAs, let alone ASICs.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on April 16, 2013, 11:51:09 PM
I have added the link to this chain on the Scam Alert panel 

Thank you GPU Rigs for the clarification and information as to your current status. Ill change your status on my other thread to "awaiting shipping" status.


Title: Re: Another ASIC company[Could be a scam?]
Post by: John (John K.) on April 17, 2013, 07:24:05 AM
Thank you John K.

Thank you to those who have also requested to be one of the first 5 to get one of our ASIC devices when they are ready to ship and do a review on them, we really appreciate it.

We have heard back from our chip manufacturer today however, they have not given us a solid date for when these chips will be ready to utilize fully, we are currently trying to get more information so that we can set a timeline for people wanting to order our products and lay rest to claims we are a scam company.

At the same time, we are also looking to source chips from a potential other provider (as a backup) should our current provider not be able to give us a definite timeframe for when these chips will be ready.

Thanks again for all the questions, comments and feedback we are getting about our ASIC Rigs line of mining devices, we honestly didn't expect that for a product we have not officially launched yet, there would be this much interest! We (as well as you) are anxiously awaiting news on when we can finally fulfill orders and be able to ship this range of ASIC mining devices out, as always, once I have more news to post, I will do so in this thread.

In addition, those of you who have emailed over the past 24 hours, you should now have replies to your queries.



No problems, I would be happy to buy one myself to test (and write a review too) depending on when you're able to ship.   ;)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Beta-coiner1 on April 18, 2013, 01:24:25 PM
Bah,I should be first to do a review since I did technically find the site.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Lauda on April 19, 2013, 12:18:01 PM
This might be an interesting deal since 949$ for 20 GH/s isn't too bad :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Hei_ on April 19, 2013, 01:45:12 PM
this is 1000% legit. i ordered 5!

























not


Title: Re: Another ASIC company[Could be a scam?]
Post by: Lauda on April 19, 2013, 02:28:46 PM
http://www.asicrigs.com/
interests me, would be nice if legit :)


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 19, 2013, 04:39:07 PM
this is 1000% legit. i ordered 5!

No, you haven't as we aren't accepting orders on them just yet.

Please don't post mis-information about our company.





















not


Title: Re: Another ASIC company[Could be a scam?]
Post by: Tronlet on April 19, 2013, 08:53:13 PM
GPU Rigs, care to explain why your ASIC site has images taken from Butterfly Labs just like the scam site at the beginning of this thread?

Archival: http://puu.sh/2DbXO.jpg http://puu.sh/2DbYJ.jpg http://puu.sh/2DbZi.jpg http://www.asicrigs.com/2.png http://www.butterflylabs.com/upload/homepage/header.jpg

You even appear to have done image manipulation to try and make the most obvious signs of copying less apparent, which makes things more problematic than if you were just reusing images.

Here's my amateur analysis of the image. Red marks things that are present in both images, and black marks things that were apparently deemed too obvious to the naked eye and edited out, including the rather slipshod attempt at covering up the BFL logo, the tiling is easily apparent and I've placed black dots to mark each tile.

http://puu.sh/2Dcm6.jpg
http://puu.sh/2Dctm.jpg

Reusing images: PR slip-up.
Reusing images and editing them beyond just removal of the BFL logo to try and make it hard for anyone to tell that they're reused: Weird.


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on April 19, 2013, 10:21:56 PM
Everyone just stop with these accusations. He agreed to ship the first five ASICs to five forum members (yes I'm first on the list) using escrow by John. Furthermore they are not taking pre-orders.

Of course they could be lying, but there is no obvious way they can scam (short of shipping me a product that breaks after 2 days :P) so how about we'll lave them be until they decide to start shipping? Good things come to those who wait.


Title: Re: Another ASIC company[Could be a scam?]
Post by: BTC-Joe on April 20, 2013, 04:20:43 AM
Gotta love this whole guilty till proven innocent vibe going on here. All speculation and not one fact.

- Why do you care about the phone number? Are you including a phone number each time you send/receive bitcoins? NO? Then stfu.

- Why do you think that the address of the business must also be a manufacturing facility? What kind of asinine logic is that?? Seriously...most businesses that manufacture a product separate their office/administrative buildings and their actual factories. OR they outsource. Genius...pure genius.

- If you are so afraid of losing your precious "bitcoins" or real money, perhaps you should just duck out of this whole thing and go stick with your 9-5. Put your wallet on a floppy disk and tell your friends how coinrich you are, as you chill in your parent's living room.

- If you are not comfortable taking chances, doing YOUR OWN due diligence and making sensible choices then you're definitely playing the wrong game.

I'm so glad that the people in this thread can't vote otherwise their respective country would be on a slow and steady demise...oh...wait...nevermind...

These idiots don't seem to realize that their inane "scam hunting" is fueling the stigma of bitcoins. Many people who hear about bitcoins automatically assume they are a ponzi scheme because so much of the community is full people who thing "free and open" has to fit into their narrow, ignorant world view.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mr-sk on April 20, 2013, 06:48:06 PM
Gotta love this whole guilty till proven innocent vibe going on here. All speculation and not one fact.

- Why do you care about the phone number? Are you including a phone number each time you send/receive bitcoins? NO? Then stfu.

- Why do you think that the address of the business must also be a manufacturing facility? What kind of asinine logic is that?? Seriously...most businesses that manufacture a product separate their office/administrative buildings and their actual factories. OR they outsource. Genius...pure genius.

- If you are so afraid of losing your precious "bitcoins" or real money, perhaps you should just duck out of this whole thing and go stick with your 9-5. Put your wallet on a floppy disk and tell your friends how coinrich you are, as you chill in your parent's living room.

- If you are not comfortable taking chances, doing YOUR OWN due diligence and making sensible choices then you're definitely playing the wrong game.

I'm so glad that the people in this thread can't vote otherwise their respective country would be on a slow and steady demise...oh...wait...nevermind...

These idiots don't seem to realize that their inane "scam hunting" is fueling the stigma of bitcoins. Many people who hear about bitcoins automatically assume they are a ponzi scheme because so much of the community is full people who thing "free and open" has to fit into their narrow, ignorant world view.

4:20 must be getting to you bro. You're a moron. How much money you have tied up with BFL?
This company is even worse - blatant rip off - website says they are "shipping and in stock" haha...wtf is wrong with you.


Title: Re: Another ASIC company[Could be a scam?]
Post by: BTC-Joe on April 22, 2013, 07:30:20 AM
4:20 must be getting to you bro. You're a moron. How much money you have tied up with BFL?
This company is even worse - blatant rip off - website says they are "shipping and in stock" haha...wtf is wrong with you.

Wait, did you order one and NOT receive your order or are you just pulling this assumption out of your ass?

No, you did not order anything.

This company's product uses the same external case that the BFL website advertises - must be a blatant rip off...because there is NO WAY that the BFL and this guy source their cases from the same chinese manufacturer.

The ONLY reason a thread like this should appear on this website is if someone actually orders one and does not receive it - and we both know that is not the case.



Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 22, 2013, 05:07:44 PM
Gotta love this whole guilty till proven innocent vibe going on here. All speculation and not one fact.


Hi,
Site sais: "In Stock And Ready To Ship"

In reality they don't even have ICs.

Why would a new company in a difficult market like this outright lie about such an important thing?
Why should this community trust a company that deliberately lies about their current capability to deliver a product?



Title: Re: Another ASIC company[Could be a scam?]
Post by: BTC-Joe on April 22, 2013, 11:12:20 PM
Hi,
Site sais: "In Stock And Ready To Ship"

In reality they don't even have ICs.

Why would a new company in a difficult market like this outright lie about such an important thing?

How do you know they don't have ICs? Did you VERIFY this by attempting to place an order or are you simply jumping on the bandwagon of morons making baseless assumptions?

I KNOW you did not order anything so you cannot claim they are "lying" because you have never dealt with them.

Quote
Why should this community trust a company that deliberately lies about their current capability to deliver a product?

Speak for yourself bro...you don't represent this community any more than a turd represents success.

After you have place an order and do not received it within the time frame they state, AND they refuse to issue you a refund...only then would you have a reason (not a right, a reason) to come here and participate in this thread. Short of that, neither you nor anyone else has a basis for saying anything negative about them.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 22, 2013, 11:54:51 PM
Hi,
Site sais: "In Stock And Ready To Ship"

In reality they don't even have ICs.

Why would a new company in a difficult market like this outright lie about such an important thing?

How do you know they don't have ICs? Did you VERIFY this by attempting to place an order or are you simply jumping on the bandwagon of morons making baseless assumptions?

I KNOW you did not order anything so you cannot claim they are "lying" because you have never dealt with them.

Quote
Why should this community trust a company that deliberately lies about their current capability to deliver a product?

I'm pretty sure they have nothing yet because they tell told us.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Does this mean "In Stock And Ready To Ship"? I don't think so.

On their website they say: "With our first batch of mining rigs currently scheduled for production ASIC Rigs aims to be one of the first companies to deliver our products on-time, at a price that will suit most budgets of professional bitcoin miners."

But they said here they need to source them. Which means they haven't got a clue if there are chips scheduled anywhere. They are looking for them.
So that's another LIE btw.

Anyway, you go ahead and invest. It was your money.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 23, 2013, 04:15:14 AM
For the record, we have never said that our ASIC Rigs product line are in stock or ready to ship. Anyone that has told you otherwise are flat-out lying to you... Period.

Your quote is from the 'about us' section of our website, if you had bothered to look at the VERY FIRST section of text on the site you would have read the following...

Quote
The compact sleek designs, powerful hashing powers and easy to use interfaces make the ASIC Rigs range of bitcoin mining devices attractive to BTC miners around the globe. Manufactured using high grade ASIC chipsets and top-of-the-line materials, our first batch of powerful ASIC mining devices are currently scheduled for production with initial customer shipping estimated to take place in June 2013 for devices ordered before May 1st 2013.

As you can clearly see, we are not promising dates, we are not even promising if orders come in that we can currently deliver, all we are doing is telling people what we are working with timeframe wise based on the current status of our chips, as an estimate so people can judge whether they want to use an alternate provider and tie their funds up or, wait until we are ready to go live with our product line.

For the record, I have personally stated several times on this very forum that we are not ready to ship products yet, because right now we have no physical products on hand to ship, due to delays with the chip provider.

I totally get the need for people to be cautious about their money, but this really is just beating a dead horse, everything that keeps getting asked has already been answered and there is nothing else I can say right now other than what has already said, as much as I would like to be able to say yes, on 27th May we will have 200 units, until we get chips (that work to spec) and are actually able to start the production process, I can't and I would be flat out lying at this point in time if i were to give you a solid date for shipping or when we will have the rigs on hand to even sell.

As to why our model mock-ups on the site look similar to the BFL range, yes, they do, as I have mentioned before (in this very thread I believe) they are mock-ups of what we are anticipating the final product to look like, that may change, it may not. We want our product line to look like others in the marketplace, right now all the talk is about the BFL line of miners so yes, that is what we are planning on modeling our range on look wise. This may change as the market changes, it also may not.

I do know that we are currently in the process of sourcing cases for the units that look exactly like the images on our site so the chances are, they will look exactly like they do on the website (although I believe dimensions may be slightly different) at the current time, once we find out how easy or difficult it is to source, create and construct these cases we (as a company) will have a much better idea of how the final product may or may not look and at that time, we will be able to let our potential customers know and change our mock-up images to better reflect the overall product line.

Again, thanks to everyone for allowing me the opportunity to address your questions and concerns about our ASIC Rigs product line, even though, again as mentioned before, these aren't even products we are actively promoting as yet (see signature if you are interested in GPU Rigs that can ship within 7-10 days of order).


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 23, 2013, 04:21:13 AM
Hi,
Site sais: "In Stock And Ready To Ship"

In reality they don't even have ICs.

Why would a new company in a difficult market like this outright lie about such an important thing?

How do you know they don't have ICs? Did you VERIFY this by attempting to place an order or are you simply jumping on the bandwagon of morons making baseless assumptions?

I KNOW you did not order anything so you cannot claim they are "lying" because you have never dealt with them.

Quote
Why should this community trust a company that deliberately lies about their current capability to deliver a product?

I'm pretty sure they have nothing yet because they tell told us.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Does this mean "In Stock And Ready To Ship"? I don't think so.

On their website they say: "With our first batch of mining rigs currently scheduled for production ASIC Rigs aims to be one of the first companies to deliver our products on-time, at a price that will suit most budgets of professional bitcoin miners."

But they said here they need to source them. Which means they haven't got a clue if there are chips scheduled anywhere. They are looking for them.
So that's another LIE btw.

Anyway, you go ahead and invest. It was your money.

What I actually said was we need to source chips that actually do what they are supposed to.

Meaning our current provider, that we are presently working with, has had several delays in getting us chips that are up to specification... Our specification, not theirs.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 23, 2013, 10:21:11 AM
For the record, we have never said that our ASIC Rigs product line are in stock or ready to ship. Anyone that has told you otherwise are flat-out lying to you... Period.

Your quote is from the 'about us' section of our website, if you had bothered to look at the VERY FIRST section of text on the site you would have read the following...



Then the page in the OP (and the topic of this thread) is not yours?
What the hell are we discussing here then?


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 23, 2013, 10:26:51 AM

I totally get the need for people to be cautious about their money, but this really is just beating a dead horse, everything that keeps getting asked has already been answered and there is nothing else I can say right now other than what has already said, as much as I would like to be able to say yes, on 27th May we will have 200 units, until we get chips (that work to spec) and are actually able to start the production process, I can't and I would be flat out lying at this point in time if i were to give you a solid date for shipping or when we will have the rigs on hand to even sell.



I fully agree that you that you shouldnt announce anything untill you are completely sure.
For  the record, i was addressing the OP that seems to sell a similar configuration to yours.
Moreover, you started meddling with this thread as if you were indeed the person behind the website in OP.
And the website in OP clearly states "In Stock And Ready To Ship".

If the site in OP is not yours then job wel done on making it look like that anyway.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 23, 2013, 01:45:45 PM

I totally get the need for people to be cautious about their money, but this really is just beating a dead horse, everything that keeps getting asked has already been answered and there is nothing else I can say right now other than what has already said, as much as I would like to be able to say yes, on 27th May we will have 200 units, until we get chips (that work to spec) and are actually able to start the production process, I can't and I would be flat out lying at this point in time if i were to give you a solid date for shipping or when we will have the rigs on hand to even sell.



I fully agree that you that you shouldnt announce anything untill you are completely sure.
For  the record, i was addressing the OP that seems to sell a similar configuration to yours.
Moreover, you started meddling with this thread as if you were indeed the person behind the website in OP.
And the website in OP clearly states "In Stock And Ready To Ship".

If the site in OP is not yours then job wel done on making it look like that anyway.


If you actually read a few replies down, we get bought into this thread and accused of scamming, right now honestly it's difficult to make out who is being accused of what and by whom as this thread, along with the sticky thread at the top of the forum have turned into somewhat of a clusterfuck of accusations, arguments and speculation as everyone has basically gone crazy with this witch hunt and left all traces of common sense at home.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 23, 2013, 03:24:37 PM

I totally get the need for people to be cautious about their money, but this really is just beating a dead horse, everything that keeps getting asked has already been answered and there is nothing else I can say right now other than what has already said, as much as I would like to be able to say yes, on 27th May we will have 200 units, until we get chips (that work to spec) and are actually able to start the production process, I can't and I would be flat out lying at this point in time if i were to give you a solid date for shipping or when we will have the rigs on hand to even sell.



I fully agree that you that you shouldnt announce anything untill you are completely sure.
For  the record, i was addressing the OP that seems to sell a similar configuration to yours.
Moreover, you started meddling with this thread as if you were indeed the person behind the website in OP.
And the website in OP clearly states "In Stock And Ready To Ship".

If the site in OP is not yours then job wel done on making it look like that anyway.



If you actually read a few replies down, we get bought into this thread and accused of scamming, right now honestly it's difficult to make out who is being accused of what and by whom as this thread, along with the sticky thread at the top of the forum have turned into somewhat of a clusterfuck of accusations, arguments and speculation as everyone has basically gone crazy with this witch hunt and left all traces of common sense at home.


Sure.

Maybe next time you find such accusations you could open a proper introduction thread and just link there so discussion can stay focussed.

Meanwhile i can tell you that there are very good reasons for people to start screaming wolf when confronted with yet another ASIC startup, especially if they have nothing to show.
ASICs turned out to be a confidence game and the potential risks are very high.
There are far more offers of ASIC products than there are companies that actually deliver something.
If anything this community is fully correct to call out anyone without a shred of proof.

Don't be scared of them, they are like the anti-bodies of this community.
If you can deliver than i'm sure you'll have all the business you can imagine.
Being honest won't hurt you in the end but you will probably get a constant headwind untill you actually have a working product.



Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 23, 2013, 04:16:25 PM

I totally get the need for people to be cautious about their money, but this really is just beating a dead horse, everything that keeps getting asked has already been answered and there is nothing else I can say right now other than what has already said, as much as I would like to be able to say yes, on 27th May we will have 200 units, until we get chips (that work to spec) and are actually able to start the production process, I can't and I would be flat out lying at this point in time if i were to give you a solid date for shipping or when we will have the rigs on hand to even sell.



I fully agree that you that you shouldnt announce anything untill you are completely sure.
For  the record, i was addressing the OP that seems to sell a similar configuration to yours.
Moreover, you started meddling with this thread as if you were indeed the person behind the website in OP.
And the website in OP clearly states "In Stock And Ready To Ship".

If the site in OP is not yours then job wel done on making it look like that anyway.


I did start and introduction thread in the 'newbie' section :)

We never responded in this thread until someone bought it to our attention (via the sticky thread) that we were being called a scam... So yes, we will defend our company in any thread it is mentioned especially when we are grouped in with some companies that specifically do look like they could be scams.
If you actually read a few replies down, we get bought into this thread and accused of scamming, right now honestly it's difficult to make out who is being accused of what and by whom as this thread, along with the sticky thread at the top of the forum have turned into somewhat of a clusterfuck of accusations, arguments and speculation as everyone has basically gone crazy with this witch hunt and left all traces of common sense at home.


Sure.

Maybe next time you find such accusations you could open a proper introduction thread and just link there so discussion can stay focussed.

Meanwhile i can tell you that there are very good reasons for people to start screaming wolf when confronted with yet another ASIC startup, especially if they have nothing to show.
ASICs turned out to be a confidence game and the potential risks are very high.
There are far more offers of ASIC products than there are companies that actually deliver something.
If anything this community is fully correct to call out anyone without a shred of proof.

Don't be scared of them, they are like the anti-bodies of this community.
If you can deliver than i'm sure you'll have all the business you can imagine.
Being honest won't hurt you in the end but you will probably get a constant headwind untill you actually have a working product.




Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 23, 2013, 09:39:22 PM
Hi everybody, please allow me to offer my input as i've been having to constantly log in to this forum to reach the 4hour window prior to posting outside of the newbie forum. Realistically I joined today specifically to respond here.

GPUrigs/ASICrigs caught my attention the other week just after they created their site. I did some background and joined their Facebook page (yes they have one, here: https://www.facebook.com/pages/ASIC-Rigs-Bitcoin-Mining-Rigs/235882613203743?fref=ts)

I'm logically skeptical and naturally wanted to dig deeper. I hold a masters in Engineering Design and understand the processes involved in designing, outsourcing parts, building prototypes and taking a concept to market. To be fair I never assumed their proposed aesthetic was anything other than a mock-up inline with the current status quo's expectation of what a miner should look like - especially with reference to the fact BFL have the most identifiable miner physically and they are having issues with power and heat to fit in their proposed chassis!

If you check their Facebook page you'll see;



1.They acknowledged the design was merely a mock-up and their site is NOT accepting pre-orders.

2. I exist, i'm a real person, and I have no connections to ASICrigs (aside personal interest) and was the second person to like their facebook page. (there's only three fans, so come on peeps, stop complaining and start behaving positively)

3. I'm from the UK and am willing to take a round trip (we are based in opposite parts of the country) at my expense to ASICrigs and be one of the first to purchase a 4/5 devices in person and report the experience if +ive or -ive, as long as ASICrigs are content with me paying in person, to therefore mitigate any risk on my part of loosing money via early adoption of products from a company of no prior Bitcoin miner production.  I will post my review here, on their facebook page and on my blog with video and pictures as detailed as possible for the community and to fulfil the promise to ASICrigs.

4. ASICrigs have agreed to let me to do this in reward for an independent third party review as stated. I'm a man of my word, so I shall.

I can see that some are quite aggressive throughout this thread which is a pity as ASICrigs do seem to be standing their ground integrity wise. Furthermore, it is somewhat upsetting to see that those most vicious in their criticism have neither read the thread thoroughly to distinguish between the two separate companies mentioned here (GXMining and ASICrigs), nor looked around their website to see the Facebook page where upon the above has been answered. It kind of smacks similar to the journalistic integrity shown by the negative press in mainstream media that haven't even undertaken the most elementary of research in reading Satoshi's White Paper - all 8 pages of it!

I'm personally very excited to see a new contender stick their neck out like this, determined to produce and willing to accept an independent party's review. As I said I certainly am a real person and you are welcome to contact me here or message me via FBook, I will keep detailed and thorough updates of how this progresses. I'm sure ASICrigs are more than aware of how much business they will receive if they succeed in creating a competing product.  BFL are currently centralising the process, and setting the rules. Avalon's few hundred miners are hardly disruptive in the scheme of things; my current main concern is the background of who ASICrigs owners are and what experience they bring to the table in realising this. That was my last query and I have been promised a response prior to last weekend. I really would expect at least one electronic engineer on board!

From my standpoint; I love an adventure and if I can derisk by purchasing in cash in person and provide adequate feedback for ASICrigs and the community than that legitimises them in my eyes. I will also see their set-up and look them in the eye (as well as provide video/photographic evidence that they and their future products exist), plus as I promised they'll get a drink out of it, so everyone's a winner!… ;)

So please give them a break unless you have something constructive to add/query; like what their backgrounds' are maybe…? Or perhaps technical insights that you feel would be an assistive contribution...

Regards, and best wishes, A.

P.s. With respect to ASICrigs it may help if you introduce yourself as a person with photo like BFL_Josh does. Putting a face person's name to the company certainly helps with customer service. You appear to have the thick skin for it!  ;D


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 08:10:51 AM

I'm logically skeptical and naturally wanted to dig deeper. I hold a masters in Engineering Design and understand the processes involved in designing, outsourcing parts, building prototypes and taking a concept to market.

Hi

Did your engineering degree explain to you why it is possible to make actual payments through bitpay for the product they say doesn't exist?


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 11:41:56 AM
Ah you're the guy that doesn't bother to read posts thoroughly.

What my post stated and i'm now restating is that ASICrigs are prepared to sell me, a completely independent third party that lives within the UK working devices in person and pay in person with the money I currently hold in return for a documented review of the process, the product and themselves. Therefore there would be no risk to myself aside from a rather expensive train ticket and a day or two of my time, a journey i'm willing to partake for the benefit of all parties. There would also be no risk to ASICrigs as long as they are genuine in their intentions, and no risk to the Bitcointalk community (who as a prospective manufacturer they need on their side as well as an untainted social media page) unless they pre-order ahead of ASICrigs proving their intentions for an existing product.

Similarly previously in this thread (still mentioned on this page), in another post it appears you also haven't read is mentioned that a respected member of this forum (John K.) is willing to monitor and potentially refrain from releasing the funds in escrow of 5 members of this forum until such point as they are satisfied they are in possession of a working product at no risk to themselves. Admittedly they will only be able to report on the product and not the company/employees/facility or anything else I shall observe and document, but it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products.

So no, my MSc. in Eng. Design doesn't explain why it is possible to pay via Bitpay for a product that doesn't exist, neither did my post concern that fact. The payment through bitpay is a new development, an option that wasn't available last week and a little odd as ASICrigs stated they wouldn't be accepting payment as they didn't have a product ready to sell. ASICrigs can you explain why you have decided to now accept payment via a payment means that offers no recourse on failure to deliver?  ???

Paypal may take more fees, but at least the buyers are given 45 day protected payment to demand a refund, hence the reason BFL use them for pre-orders.

So with all due respect "mobodick", your facetious response falls flat when it is a reply unrelated in subject to a comment i've made. I merely posted to put people's mind at rest that they are willing to stand by their intentions and meet me in person. In any case give them a break and allow them to respond; they are willing to put their neck out, meet me, be scrutinised by me publicly (and fairly for all parties) and willing to deliver a handful of units stateside to members of this forum in return for honest reviews.

As a casual observer I certainly wouldn't be parting with funds, especially Bitpay, unless they have fulfilled these above promises of my delivery in person and via respected third party held escrow that they have agreed to.




Title: Re: Another ASIC company[Could be a scam?]
Post by: greyhawk on April 24, 2013, 12:07:41 PM
Why is it you talk exactly like "GPU Rigs" does?


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 12:10:55 PM


So no, my MSc. in Eng. Design doesn't explain why it is possible to pay via Bitpay for a product that doesn't exist,



Well, it's a bit of a shame that you wrote all that text because unless this company acts in a way that does not reek of scam there is no discussion. People should just not trust them.
There is no way this company should take payments without having a product.
They admitted here that they don't have chips, nevermind the boards or a prototype.

Meanwhile the owner posts in a thread about another site (so we know he is following this forum with argus eyes) but completely fails to announce his business in a new thread where he can explain the situation.

Maybe you're new to the internet but anyone can create a site and facebook account.
There is absolutely no reason at all to trust this party at the moment. In fact, they give a fundamental reason to be suspicious.

If you can give a rational explanation for why they are taking money (and aparently have arranged a deal with bitpay) without actually having chips or prototypes then please go ahead. But without a proper explanation for this they should be considered a scam of some sort.

Another telltell sign of a scammy attitude is the fact that you can only pay in bitcoin, not in pounds or dollars. Bitcoins will probably increase in price in the near future and by the time the company has a working product they can ship bitcoins could easily have doubled in value. All the costs for making the product are counted in fiat so in the end, whatever the outcome, people that pay now will lose out.

Buyer beware.



Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 12:17:03 PM

Similarly previously in this thread (still mentioned on this page), in another post it appears you also haven't read is mentioned that a respected member of this forum (John K.) is willing to monitor and potentially refrain from releasing the funds in escrow of 5 members of this forum until such point as they are satisfied they are in possession of a working product at no risk to themselves. Admittedly they will only be able to report on the product and not the company/employees/facility or anything else I shall observe and document, but it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products.

This escrow blabla is pretty meaningless when the site has the actual sinkhole of taking bitcoin. How many people that visit that site don't know that this escrow is available?


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 12:22:50 PM
Greyhawk - God knows, perhaps because i'm English?! They have a facebook page with only three people on it. I'm one of them, i'm hardly hiding behind a web of deceit. It's obvious who I am on there as i'm asking the exact same questions that have been asked here.

Mobodick - Agreed, hence the reason I will meet them face to face in person, or no deal. I'm certainly not going to pre-order with anonymous cryptocurrency on blind faith. Again, the option for payment wasn't there last week, this is a new development and contradicts what ASICrigs have previously claimed and disputed in this thread; namely the fact: they couldn't be ripping people off as they weren't accepting payment due to the fact they had no product yet and were in the process of sourcing ASIC chips. Furthermore that they insisted they didn't want to put themselves in a similar situation to butterfly labs where upon they had a mountain of orders to fulfil with no specific and assured timeline to production. The fact they have now disregarded that comment and are now clearly accepting payment for a potential future product with no protected means of returning funds appears to best irresponsible and at worst entirely deceitful. It's the polar opposite of what they claimed their intention was since their has been no certain update on procuring chips or further conceptual design/prototype.

Best, A.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 12:24:56 PM
What my post stated and i'm now restating is that ASICrigs are prepared to sell me, a completely independent third party that lives within the UK working devices in person and pay in person with the money I currently hold in return for a documented review of the process, the product and themselves.

Since they have nothing they can promise anything. All the while taking payments in bitcoins on their site.

I can promise to send you a 500TH machine once i've sourced the proper ICs. Does that mean people should trust me?

You make it look as if the fact that they promised some people to send the 5 units is worth peoples trust.
That's pretty LOL because the whole reason these units will need to be shipped is to start a trust relation in the first place.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 12:26:34 PM

Mobodick - Agreed, hence the reason I will meet them face to face in person, or no deal. I'm certainly not going to pre-order with anonymous cryptocurrency on blind faith. Again, the option for payment wasn't there last week, this is a new development and contradicts what ASICrigs have previously claimed and disputed in this thread; namely the fact: they couldn't be ripping people off as they weren't accepting payment due to the fact they had no product yet and were in the process of sourcing ASIC chips. Furthermore that they insisted they didn't want to put themselves in a similar situation to butterfly labs where upon they had a mountain of orders to fulfil with no specific and assured timeline to production. The fact they have now disregarded that comment and are now clearly accepting payment for a potential future product with no protected means of returning funds appears to best irresponsible and at worst entirely deceitful. It's the polar opposite of what they claimed their intention was since their has been no certain update on procuring chips or further conceptual design/prototype.

Best, A.
;D


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 12:41:45 PM
mobo dick: "You make it look as if the fact that they promised some people to send the 5 units is worth peoples trust.
That's pretty LOL because the whole reason these units will need to be shipped is to start a trust relation in the first place."


BS, no I haven't, again you haven't read my post, these were the last two lines:

"As a casual observer I certainly wouldn't be parting with funds, especially Bitpay, unless they have fulfilled these above promises of my delivery in person and via respected third party held escrow that they have agreed to."

Please don't confuse the issue by jumping to conclusions in desperation to make some form of response instead of actually taking the time to digest what was written.

With that in mind the entire premise of my offer is to call out any potential scammer, and back that up by following through with the legwork and time taken out of my own day to add validity *if* their intentions are sincere because I live in the UK and can feasibly manage this. If they are legitimate let them prove that fact and be rewarded with more business than they could possibly dream of once verified as genuine.

Anyone parting with cash or bitcoins prior would be nuts, and yes irrespective of this forum, there will certainly be some individuals making such a mistake as payments are now live on their site, despite ASICrigs assurances to the contrary. They specifically stated their intention NOT to accept payment prior to securing ASIC chips so as not to repeat the mistakes of Butterfly Labs.

GPU Rigs: "We'd rather start selling once we know for certain we can ship based on demand not just take peoples money and constantly delay their shipping, that is what happened with BFL, we want to learn from the mistakes of others, not duplicate them LOL"


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 24, 2013, 03:53:57 PM
Okay just to clarify something here...

Yes, we do currently have BitPay on the website, however we have not actively started promoting the website yet.

The ONLY reason any of you folks know about the site is because it has been posted on this message forum by someone else, we never posted it, have not promoted it and as such, do not expect to get any sales until such a time that we start doing so.

The ONLY site and products we are actively wanting to promote at the present time is our http://www.gpurigs.com website, the fact someone discovered our ASIC site, prior to its official launch (we are currently in soft-launch) does not mean that we are doing anything to promote it, in fact as I stated yesterday, we are getting 50+ emails a day about a product that presently, we are not shipping or selling actively thanks in part to the posting of our website URL on this very board by someone in a sticky thread that hundreds of people can see.

We realized there would be a lot of feedback about our ASIC product line which is why, in my introduction thread it was never mentioned, we simply were not ready to start fielding questions, comments or support issues with that specific product line however, now that people know we are currently working on an ASIC line of models, that seems to be all they are interested in talking about LOL

In hindsight, we probably should have held off putting the ASIC Rigs website online until we were able to provide people with a lot more information than we presently have from our vendors and chip manufacturer however, what's done is done so we are doing our best to maintain the business on our GPU line whilst fielding questions and answering issues on our ASIC model line.

Just to re-iterate, presently our ASIC model line is not actively being promoted by anyone except for the people on this message board that keep posting about, we would much rather have the focus shifted to our GPU model line as we can currently take payments, fulfill orders and ship the product on that line.

The emails, if anyone is interested, that we are receiving about our ASIC model line are all pretty much the same thing, when can you ship, when can I pay and the responses we give in email are the same that we give on this forum, we don't know a final shipping date but we can ship anywhere globally & at the moment we are not taking payments for the product lines. Of course, anyone that has sent a pre-payment, is welcome to confirm that fact on here and we will obviously refund them if requested, I can say though with 110% certainty that at the present time, we have not had a single paid order for any of our ASIC models and honestly, right now, that is what we would prefer until we are able to have the models in hand and ready to ship.

Again, as a company, WE were not the ones to bring our ASIC Rigs website into the public eye, a member of this message board was, we have not, and will not be soliciting customers for that product line until we are certain we can meet the demand and fulfill the orders.

As I stated towards the start of this thread, even though I have done so several times since, I am 100% certain that despite yet another post to the contrary, posters in this thread will still say we are taking orders and continue to ask when we can ship and if they can pick the models up in person, because it would seem, no matter what the 'official' company word is, people still have it in their head we are trying to scam them and they just want in on this witch hunt without even reading the responses to the same questions, comments and accusations they are going to post or if they do, they post again in the hopes our answers will change so they can exclaim 'gotcha'.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 04:13:32 PM
With all due respect, this is precisely why I remain neutral; staying firmly on the fence allowing you (GPU Rigs / Asic Rigs) to respond and provide timely updates towards your progress. I am not jumping to any conclusions, but it's only fair to air doubts towards a newly formed company offering specialist tech and permit you the ability to provide an adequate response. Likewise if this results in working product in hand I will do everything I can to provide independent proof beyond reasonable doubt to confirm such a product exists *when/if* that happens. As it currently stands you haven't in my eyes been anything but straight forward, you certainly have not evaded responding to criticism, much of which has been aired by posters who haven't fully read and understood the thread.  You've also been willing to accommodate my request of pick-up and payment in person which negates any risk on my part in return for an independent review.

I do however share some reservation in permitting payment, even bitcoins on your asicrigs.com site when you promised you wouldn't until you had a firm idea with respect to entering production. With regards to GPURigs.com , that is understandable; you are fully operational there, can easily source and build mining rigs with current graphics cards for sale and as such require payment.

For what it's worth your potential ASIC source ON Seminconductors is a well known and reputable chip manufacturer, their products are high quality and it should be easy to ascertain a response from them concerning such a specialist order to the UK should it occur.  I'm also rooting for a British company to add ASIC Miners to the mix!!  ;)

As I requested before, can you please any relevant backgrounds of those involved in the project?

Best, A.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 04:32:15 PM
mobo dick: "You make it look as if the fact that they promised some people to send the 5 units is worth peoples trust.
That's pretty LOL because the whole reason these units will need to be shipped is to start a trust relation in the first place."


BS, no I haven't, again you haven't read my post, these were the last two lines:

"As a casual observer I certainly wouldn't be parting with funds, especially Bitpay, unless they have fulfilled these above promises of my delivery in person and via respected third party held escrow that they have agreed to."


Yeah, that is what you said later.
But what i was refering to was:

Similarly previously in this thread (still mentioned on this page), in another post it appears you also haven't read is mentioned that a respected member of this forum (John K.) is willing to monitor and potentially refrain from releasing the funds in escrow of 5 members of this forum until such point as they are satisfied they are in possession of a working product at no risk to themselves. Admittedly they will only be able to report on the product and not the company/employees/facility or anything else I shall observe and document, but it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products.

Here you claim that the promise to send these 5 units out adds to their legitimacy.
As i said above, the whole point of sending out these units is to establisch wether they deserve any legitimacy. The promise to send them is meaningless untill they are delivered.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 04:40:04 PM
Okay just to clarify something here...

Yes, we do currently have BitPay on the website, however we have not actively started promoting the website yet.

The ONLY reason any of you folks know about the site is because it has been posted on this message forum by someone else, we never posted it, have not promoted it and as such, do not expect to get any sales until such a time that we start doing so.


Well, apparently it was findable and that means you made it somehow findable.
It is impossible that someone just typed in the right URL at random so somehow you leaked the info.
In any case it is funny how ready your site is (including having an arrangement with bitpay) and all information is geared for sale while you have nothing at all to sell and have no idea when/if you'll have a product.

It is ironic how you cry about people coming to your site that you havent announced when you can take it offline anytime.
Instead of taking it offline you actually added a payment method while you were fully aware that the site had been spotted.

In fact, you could have changed the DNS entry instead of writing this whole story.
But you didn't so i'm left i'm wondering why you act in this scammy way.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 04:40:30 PM
mobo dick: "You make it look as if the fact that they promised some people to send the 5 units is worth peoples trust.
That's pretty LOL because the whole reason these units will need to be shipped is to start a trust relation in the first place."


BS, no I haven't, again you haven't read my post, these were the last two lines:

"As a casual observer I certainly wouldn't be parting with funds, especially Bitpay, unless they have fulfilled these above promises of my delivery in person and via respected third party held escrow that they have agreed to."


Yeah, that is what you said later.
But what i was refering to was:

Similarly previously in this thread (still mentioned on this page), in another post it appears you also haven't read is mentioned that a respected member of this forum (John K.) is willing to monitor and potentially refrain from releasing the funds in escrow of 5 members of this forum until such point as they are satisfied they are in possession of a working product at no risk to themselves. Admittedly they will only be able to report on the product and not the company/employees/facility or anything else I shall observe and document, but it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products.

Here you claim that the promise to send these 5 units out adds to their legitimacy.
As i said above, the whole point of sending out these units is to establisch wether they deserve any legitimacy. The promise to send them is meaningless untill they are delivered.





I'm confused at no point have I said the 'promise' adds to the legitimacy. For sure, the promise depicts GPU Rigs as cooperative in meeting the demand of the trusted public forum, but I quite clearly state; "it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products." These sources are not verifiable until the products are in their hands and they are satisfied to the point at which;

1. They are vocal on the subject and content with the device.
2. They have agreed to release funds because they are satisfied early adopters.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 04:46:02 PM

The emails, if anyone is interested, that we are receiving about our ASIC model line are all pretty much the same thing, when can you ship, when can I pay and the responses we give in email are the same that we give on this forum, we don't know a final shipping date but we can ship anywhere globally & at the moment we are not taking payments for the product lines. Of course, anyone that has sent a pre-payment, is welcome to confirm that fact on here and we will obviously refund them if requested, I can say though with 110% certainty that at the present time, we have not had a single paid order for any of our ASIC models and honestly, right now, that is what we would prefer until we are able to have the models in hand and ready to ship.


Sure you are. The fact that you're willing to refund some mysterious pre-payment is proof of that. Meanwhile your site stilll links to your bitpay account.

What about people that didn't read this thread?

The only option for your company to not look loke a scam at this point is to take the website offline or at least remove any payment options and just blatantly state on the site that you don not at the moment have a product.

If you don't then i think it's pretty obvious that you are doing all this on purpose and i can be pretty confident that you are a scam of sorts.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 24, 2013, 04:48:53 PM
Alex,

We've always had BitCoins as a payment option because the site is pretty much an exact duplicate of our GPU Rigs website so we had our developer include everything so that when we were ready to let everyone know about the site, it was 100% ready to go, ranked in Google and the other search engines so that we can grow our business quickly, efficiently and ship product out to customers quickly and efficiently.

That being said I believe that we're currently trying to get ahold of the developer of the site to get those buttons removed in the interim.

In respect of Paypal, we wont be using them, whilst they do offer some protection on the consumer side of things, as a merchant, they offer none, zero, zilch, zip.

We may as well just ask every known scammer in the world to order through Paypal using a stolen credit card or actual Paypal funds and tell them once they have the product 'in hand' to just cancel the transaction... In that instance, we're fucked as a merchant and we close shop due to mass fraud or 'friendly fraud' as the banks call it.

Again, thanks for the opportunity to answer everyone's questions, comments and concerns about our ASIC product line, I must head out now though as I have to head to Sheffield for a few hours.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 04:53:26 PM
mobo dick: "You make it look as if the fact that they promised some people to send the 5 units is worth peoples trust.
That's pretty LOL because the whole reason these units will need to be shipped is to start a trust relation in the first place."


BS, no I haven't, again you haven't read my post, these were the last two lines:

"As a casual observer I certainly wouldn't be parting with funds, especially Bitpay, unless they have fulfilled these above promises of my delivery in person and via respected third party held escrow that they have agreed to."


Yeah, that is what you said later.
But what i was refering to was:

Similarly previously in this thread (still mentioned on this page), in another post it appears you also haven't read is mentioned that a respected member of this forum (John K.) is willing to monitor and potentially refrain from releasing the funds in escrow of 5 members of this forum until such point as they are satisfied they are in possession of a working product at no risk to themselves. Admittedly they will only be able to report on the product and not the company/employees/facility or anything else I shall observe and document, but it's additionaly verifiable independant sources that add legitimacy to ASICrigs intentions to sell working products.

Here you claim that the promise to send these 5 units out adds to their legitimacy.
As i said above, the whole point of sending out these units is to establisch wether they deserve any legitimacy. The promise to send them is meaningless untill they are delivered.





I'm confused at no point have I said the 'promise' adds to the legitimacy.

This was an argument you used against my critique of the company.
The basis of your argument was that i shouldn't be so critical because the guy promised to sent out 5 units.

Your confusion is your own problem but let me clear it up for you.
Untill the usints are actually shipped and received the company deserves no respect or legitimacy for them.
As i said earlier, i promise you you will get the 500TH/s machine, once i've sourced the components.
Does it make me any more legitimate just because i've made this promise?
So these 5 machines carry no meaning in this discussion of legitimacy because they are simply not yet delivered. It's bad that you have mentioned them because they only confuse matters.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 24, 2013, 05:01:23 PM
Alex,

We've always had BitCoins as a payment option because the site is pretty much an exact duplicate of our GPU Rigs website so we had our developer include everything so that when we were ready to let everyone know about the site, it was 100% ready to go, ranked in Google and the other search engines so that we can grow our business quickly, efficiently and ship product out to customers quickly and efficiently.


Wait, you need to source components and still need to do the board design and production but you've got your website running online with payment options activated?
How vicious...



Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 24, 2013, 08:22:15 PM
This thread may potentially be of great use to ASICrigs if their main hurdle is sourcing ASIC chips and they are comfortable with PCB and case design. Would mean increased power consumption in comparison to BFL (approx +30%), but that's not as important as bringing a working competing product to market fast, neither is the case size. It can be significantly larger, like Avalon's case;

https://forums.butterflylabs.com/bfl-forum-miscellaneous/1860-we-just-got-fucked-avalon-selling-tons-asics-chips-~25$-per-gigahash-~6w-ghs.html

Note: you will need to copy and paste the link, for some reason the post is not hyperlinking the full address.

Avalon's chip sale page: http://store.avalon-asics.com/?product=avalon-asic-chips-10000


Also: https://bitcointalk.org/index.php?topic=161715.0

https://bitcointalk.org/index.php?topic=179769.0

https://bitcointalk.org/index.php?topic=177827.0


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 25, 2013, 08:04:40 AM
That being said I believe that we're currently trying to get ahold of the developer of the site to get those buttons removed in the interim.

So when will your co-workers of your business-run-from-a-house be able to give you confirmation that the developer of the site is indeed being gotten hold of?

Needless to say your website is still accepting payments for your non-existen products.


Title: Re: Another ASIC company[Could be a scam?]
Post by: GPU Rigs on April 25, 2013, 01:08:55 PM
Okay, so I have just got out of a meeting with the company owner and after bringing up several of the suggestions, comments and concerns in this thread, this is what has been decided.

No, we will not be changing anything on our website, unless we absolutely have to.

We were not the ones that brought it to the public eye so we are not going to make any changes until we are ready to do so as a company, you don't like that, don't do business with us, plain and simple.

Once we have further information about our ASIC line we will let everyone know, when we are ready to, not before hand, ask away as much as you want on here and any other message forum, you'll be given the same answer... None.

When we are ready to let you know about the technicalities and finer points of our product line, we will.

Bottom line is this, no matter how many times we answer people's questions, no matter how many times we have gone out of our way to try and assure people we are a legitimate business, we are still getting slammed.

Well, slam away, we're going to be focusing on running our business and getting all of our products ready for market, not speculation, rumor and opinion posted on a message board by anonymous persons on a witch hunt.

We have been more than willing to discuss the issues as they have arisen but people obviously do not want to listen to, or believe the answers we are posting whilst those same answers get twisted out of their meaning by individuals looking to make them fit their agenda.

Right now, we do not care if you want to pre-order any of our ASIC models (that are currently not available to ship) or wait until we have honored our agreement to send the first 5 to members of this board by escrow facilitated by John K, but the bottom line is this...

Think we are scammers? Out to screw you over? Don't do any business with us, it's that simple. It's your choice.

We tried the 'this is where we are at route' and its obviously not what you folks want to hear so fuck it, when we are ready to let you know more about our ASIC product line, we will, until then we will only be posting publicly about our GPU Rigs product line.

Deuces...


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 25, 2013, 01:54:30 PM

No, we will not be changing anything on our website, unless we absolutely have to.

We were not the ones that brought it to the public eye so we are not going to make any changes until we are ready to do so as a company, you don't like that, don't do business with us, plain and simple.


Ok, so now instead of removing 3 links for the payment of your phantom product you come up with this bullshit.
Putting a website online and pointing a DNS entry to it is (at least in my country) considered publication.
By publishing you have brought it to the publics eye.

I won't do business with you but that doesn't stop me from informing others about the way you're trying to scam people.

The fact that you're unwilling to make a minor change to your webpage tells us that you are actively fishing for payment without actually having a product.


Your opration is very probably a:
SCAM!

Stop taking money for your non-existent product!

Anyway, if you won't remove the links on your page i will open a thread in the Scam Accusations section of this forum to warn people against your operation.
If you won't remove it by monday i think it will be time to have a little talk with HM R&C.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mobodick on April 25, 2013, 01:55:54 PM
We have been more than willing to discuss the issues

But you seem to be fully unwilling to stop taking peoples money.
I wonder why...
 ::)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on April 26, 2013, 02:02:58 AM
ASICrigs I'm happy to detail evidence to the contrary to this board via a visit in person as discussed and agreed upon before, however that last reply did you no favours.

You promised not to accept payment unless you had further confirmation on sourcing chips and further developed your design, so as not to be in a similar position to BFL Josh over promising and under delivering, yet although you may not be heavily promoting your sites through traditional marketing means, paid Adwords etc. your site is live for accepting funds which is the opposite to what you previously suggested, further more although there is some wordage explaining devices are not ready currently onsite, it's not entirely overt.

If we consider a competing European company who like you claim to have a known chip manufacturer in co-development, KNCminer there are several goalposts they have achieved with supporting evidence, these are;

A known chip manufacture who have themselves written a press release detailing their intention to partner.

Two products in place with draft designs completed as well as an idea of power consumption.

The owners have publicly revealed who they personally are and thus put their necks on the line.

They have at least one electronic engineer plus the support of an acknowledged chip manufacturer.

They have expressed willingness for a personal pick-up as well.

Yet they are still not live for payment as they themselves admit they want to move forward more and create a working prototype prior.

You also promised me some idea of your founders backgrounds, stating some tech involvement and that you had an Internet marketing background. I have worked in both advertising and venture capital as well as having a background in engineering and with all due respect have to say that KNCminers actions, whether sincere or not follow a logical path required to generate investment. People need to know who they are dealing with, their experience, their plans, how they intend to determine and reach goals realistically and provide supporting evidence.

My gut feeling is you lucked on a cracking domain name, have over promised somewhat and under anticipated the demand. It would be an utter waste to use the domain; asicrigs.com on a scam as it's resale value alone could net you more than the scam if ASICs become the future of mining, that domain resale would drastically decrease if having been affiliated with a scam as no future party would want ties with the negative historical connotation a scam site would have had.

Your recent response is not that of a veteran internet marketer. I wish you all the luck in the world if you are genuine and my offer still holds if you are. I would pick up and pay in person and document that publicly to put everyone's minds at rest on this board and beyond, but if you are genuine you have to stand by your originally stated intention not to accept payment until further positive and proven developmental progress has been made, buddy you have to remove the Bitpay option.

Regards, A.


Title: Re: Another ASIC company[Could be a scam?]
Post by: mokahless on May 19, 2013, 12:01:10 AM
Thank you for giving me the opportunity to address these concerns and, if  you have any other questions, comments or concerns I would be happy to discuss them publicly on this community forum or, privately by email if you wish to contact us directly.

Here's my question. This is the image you used on your facebook page:
http://www.fujitsu.com/us/news/pr/fsa_20121031.html

Start explaining.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Xian01 on May 19, 2013, 01:11:16 AM
We were not the ones that brought it to the public eye so we are not going to make any changes until we are ready to do so as a company, you don't like that, don't do business with us, plain and simple.

 Oh lawdy... where have I heard this sort of logic used before ? Oh thats right, with prior busted scammers right here on these forums !

 Christ these scams are just getting pathetically obvious now.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Rippyzippers on May 20, 2013, 04:07:48 AM
Sad part is, If one uninformed person buys into one of these scams the person is set.

So pathetic.


Title: Re: Another ASIC company[Could be a scam?]
Post by: RoadStress on May 20, 2013, 02:39:12 PM
Quote
100 GH/s Bitcoin Miner
In Stock And Ready To Ship

Really? Shouldn't they get a scammer tag? How can they prove that they have 100GH/s miners IN STOCK and ready to ship?


Title: Re: Another ASIC company[Could be a scam?]
Post by: Caesium on May 20, 2013, 02:56:47 PM
So..

You're based in the UK
You have these in stock
You want 30 BTC per unit

I'll have 5, are you ok with me picking them up and paying you the 150 BTC there and then? Happy to wait around for confirmations.


Title: Re: Another ASIC company[Could be a scam?]
Post by: wachtwoord on May 20, 2013, 03:09:59 PM
They are, but just for the first 5 that responded when they offered it (I'm one of those). Just read back in the thread.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Caesium on May 20, 2013, 03:11:09 PM
Oh, so they're turning away custom if you're not in the first 5? Bizarre  :-\

Would have thought a sale was a sale.


Title: Re: Another ASIC company[Could be a scam?]
Post by: dmcdad on May 20, 2013, 04:11:26 PM
Here's my question. This is the image you used on your facebook page:
http://www.fujitsu.com/us/news/pr/fsa_20121031.html

Start explaining.
Great find mokahless.

So here is the image from their Facebook page:

http://s13.postimg.org/55r68946f/64293_235889739869697_1167401430_n.jpg

Here is the image Fujitsu ARM chip, which has nothing to do with ASIC:

http://www.fujitsu.com/img/MICRO/fsa/pr/MB86E631_lg.jpg

I'll let the reader draw their own conclusion as to if they are being misleading...  ;D


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on May 22, 2013, 06:44:37 AM
I'm putting you on Red status GPURigs/Asics.

It is obvious you either-

1. Don't have your shit together as a business or
2. Are in fact some kind of scammer posting fake images and accepting Bitcoin on your site as payment outside of escrow. This is fraudulent

I'm also 100% convinced GXMining.com is also yours, by look and feel alone you cannot tell me this is not related to GPURIgs/ASICRigs. I have asked you before about that one and so far I have not seen any answer from you either way about this site to confirm or deny. It has nearly the exact same "mockups" on it.

And BTW a mockup is a representation of an idea for an original design, not taking a picture of another vendor's gear and erasing the details in Photoshop.

Fish as hell, don't send these clowns anything.


Title: Re: Another ASIC company[Could be a scam?]
Post by: dan99 on May 28, 2013, 08:26:33 AM
ya they every where be careful .. don't give your hard earn bitcoin away for some vapor ware


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on May 28, 2013, 11:37:09 PM
ya they every where be careful .. don't give your hard earn bitcoin away for some vapor ware

They've actually sent round a recent mail shot stating they have confirmed contract with a chip manufacturer so are now accepting pre-orders, despite the fact thy have always accepted pre-orders.

They've also stated they will not be letting anyone visit, aside those they pre-agreed. I was one of those people. They've told me nothing more about it.

100% scam with a mailing list of email addys to work through.


Title: Re: Another ASIC company[Could be a scam?]
Post by: vandan on May 29, 2013, 12:18:25 AM
I hope nobody falls for this. Bitcoin doesn't need another asic scam.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Operatr on May 29, 2013, 12:42:53 AM
I hope nobody falls for this. Bitcoin doesn't need another asic scam.

Apparently the scammers think we need a new one every week... ::)


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on May 30, 2013, 07:11:21 PM
Pahahaha, yeah whaaaaaatever!

Wednesday 22nd May, 2013.
 For Immediate Release.

 ASIC Rigs, a privately owned and operated bitcoin mining device company, is pleased to announce that we have received, tested and confirmed that our stylish AR2 bitcoin minning device works to specification and is on track for completion by the middle of July 2013.

 In addition, it has further been decided that effective immediately, given the results we have seen from the device tested in-house, ASIC Rigs will be withdrawing all of their asic mining devices from the open market place and concentrating our efforts on in-house asic mining only for the immediate future. What this mean in laymans terms is that we will no longer be selling our ASIC Rigs mining devices to the general public and our website will reflect this change shortly.

 "With the hash rates we have seen from our testing device, coupled with the fact that bitcoin values appear to have stablized, as a company we would be remiss of us not to seize the opportunity to utilize this technology for our own purposes" says the company founder and ceo.

 Despite withdrawing our ASIC Rigs mining products from the open market, the company remains strong in their efforts to support the general bitcoin mining community and will offer customers who have already paid for their ASIC Rigs mining device the option of order fulfillment as originally planned or, a full refund of their payment.

 We appreciate all of the support we have received over the past few months as we have been working to source, construct and fulfill interest in our product lines and would like to thank those of you whom have stood steadfast behind our company, despite much speculation from several individuals within the mining community as to the integrity of our company, with your continued support we look forward to growing as a company and the future growth of bitcoin as a viable alternative to standardized currency.

 Please direct all requests for further information by email to support@asicrigs.com or see our Facebook page for more information on our company over the coming months.

 ASIC Rigs
http://www.asicrigs.com/
 support@asicrigs.com


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on May 30, 2013, 07:13:32 PM
Followed by this interesting exchange on their Facebook page:

Some Facebook User: You basically financed your own mining operation by fraudulently selling pre-orders and then pulled the plug to run your own huge mining op which will then allow you to pay back your pre-order quasi-customers. great job.
22 May at 21:19 · Like · 1


ASIC Rigs Response: ASIC Rigs - Bitcoin Mining Rigs Did you pre-order a unit from us? I'm guessing you didn't because the 4 individuals that did had no issues at all with us keeping the devices in-house and fulfilling their orders.

If you wanted one of our devices you could have easily pre-ordered just like the four individuals and had one shipped on schedule, you didn't though, now you decide that you want a unit when it is too late.

Sorry. Companies change position on things all the time, we are doing what is best to build our company, right now, given all the responses that we are a 'scam' company and we don't actually have any devices at all, it seems now we have working devices that we want to use ourselves and are pulling open market orders, we're still not able to please people.

It is unfortunate you were not able to pre-order over the last few weeks, for that we apologize however, those that did take us up on the offer will have their devices shipped as promised and, those customers have no issues with what we are doing because they had the foresight to get their orders placed.


Title: Re: Another ASIC company[Could be a scam?]
Post by: Le Happy Merchant on May 30, 2013, 07:17:01 PM
https://i.imgur.com/H0QfmE4.png

How could you guys not trust this? They are unrivalled!


Title: Re: Another ASIC company[Could be a scam?]
Post by: RoadStress on May 30, 2013, 07:33:54 PM
And also a BFL clone design LOL!


Title: Re: Another ASIC company[Could be a scam?]
Post by: Bitcoinorama on May 30, 2013, 08:08:01 PM
https://i.imgur.com/H0QfmE4.png

How could you guys not trust this? They are unrivalled!

Unravelled more like! ;D


Title: Re: Another ASIC company[Could be a scam?]
Post by: Phinnaeus Gage on June 09, 2013, 07:16:35 PM
Google: "145-157 ST JOHN STREET" (with quotes)

And you'll even find this: https://bitcointalk.org/index.php?topic=173316.0


Title: Re: Another ASIC company[Could be a scam?]
Post by: klintay on June 10, 2013, 12:55:31 AM
So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.



We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

piss off and die you scamming twat! No prototype? still sourcing ASIC chips? Your shite site clearly says that devices and in hand and ready to ship.

You my scummy friend are a bloody liar if not a scammer so shut your smelly lying mouth!