Bitcoin Forum

http://www.asic-technologies.com/

Just saw that someone had posted that URL on the India Bitcoin FB page messages.

Edit: Reported the link to the India Bitcoin admin and logged it under scam accusations.

Cannot find any details of this on bitcointalk.

Anyone have any idea if this is genuine or a scam?

It's from India so probably yes.

Look at that website. It's sort of a joke.

I'd put the odds at this not being a scam somewhere around 1 in a 1000.  

Don't assume things about India.

    Davie, Scott  @gmail.com
    2/5 Moray Park Terrace
    Edinburgh, Midlothian EH7 5TH
    GB

That is the person who has registered the site.

If that board was the first one where they advertised, it will soon be making its rounds elsewhere as well.

But yes, I agree that this is a scam.

Logged it under Scam accusations: https://bitcointalk.org/index.php?topic=204146.new;topicseen#new

is Indian what can you ask for? they are well known and famous for this kind of thing. if you been there you will know.

they posted a comment on their site directed at the forum...


tbh it maybe early days to shout scam, there are many many many people setting up for the great asic rush...
Preparation is key, and these sites need designing etc....

Yes they could have locked the site down with a password or something for testing, but why bother....
Can we please refrain from the scam tag untill their actually asking for money, or posting Photoshopped images of mining boards :D


that said they claim to have shipped 7 devices....no pictures, no proof of work....though I guess you have paypal buyer protection :D
Id sooo like to see pictures

I am from here and I promise you that you are only talking about what the media reflects, not what the reality is.

There are several people from here who are working hard as ever to make Bitcoin grow.

So do not breed stereotypical statements born out of ignorance.

Yup, an investigation would be required before they get a tag.

Just saw this on their site.

It doesn't matter if they are a scam.

ASIC's will do nothing for anybody but the creators of the ASIC's themselves.

The whole function of the ASIC is to take hashing power from those already hashing, and put it in their pockets. The more you invest, the less you will get, because others are investing more, in the same 6-million BTC.

EG, there will be 3-million users all mining with ASIC's, and each will only get 1 BTC. Except the company producing ASIC's, who will get your CASH and more than half of those BTC, because they are using your money to build them more than they plan to sell.

Thus, they will be holding more than half of those 6-million BTC, and leave 3-million people mining for pennies. While the remaining 3-million GPU guys move-on to things that can't be taken by "corporate greedy bastards". Everyone is going to join that bandwagon of the ASIC's before they realize they are aiding the inevitable demise of their own devices.

(That is not a rant about bitcoins, or ASIC's, it is about the obvious scamming they are doing, in broad-daylight, right under everyone's noses, with the money they are given. Oh, they will deliver.... Crumbs.)

Any new company is already too late. They should have built these things two years ago. They will only be good for four years, tops, and that MAY make them break even. (for those who purchase them.)

It is not like a GPU. AMD didn't start producing thousands of cards, keeping them for themselves, and giving out 1 for every 100 made. That is what ASIC's are doing. There isn't even a guarantee that the machines are not purposely creating false proofs, or sending proofs home, or couldn't be covertly disabled by the creator whenever they decide they needed more coins for themselves. Not that I would imagine they would do... but in a cut-throat game of, "make me millions from your money"... why not? They are doing that already.

I would hope that they are not a scam to be honest.

We need as many of these initiatives as possible.

That's not a person. "Scott & Davie" is a plastering business in Edinburgh.

Sorry I call scam. Sounds like they've been keeping up with BFL, noted some buzz words then made up a very tenuous story that you'd be a fool to believe!


Would you trust "Terry, Jason, Chris and Myself"
http://www.asic-technologies.com/our-staff/

Well, I have mailed them a blanket apology if they are not scammers.

No response as yet.

My mail to them


This was their reply


Hmmmmm

pix or GTFO.

No need for the butthurt

Up on their front page ;D

Somebody paid them without even seeing any pics?

If somebody claims to have paid them, I'll assume sock-puppetry...

Someone explain to me how this person is "staff" and "staff" of what please?

He also mentions 'branding our company a scam after the site was only online 12 hours with no sales' and then says 'Thank you to the users who had faith and paid via paypal.'

They have a pic updated on their site now.

one of these days I hope one of these small time companies turns out to be legit...one day  :-\

anyone else think that looks more like an fpga ?

same with pricing and hash rates.....it all smells like miss selling

There may be some sort of language barrier going on here...


4 * 800 Mh/s = 3.2 Gh/s. I think they might be under the impression that an ASIC miner is simply a multi-gigahash miner...

Which actually makes this sound even more like a scam. If they spent about a year building this thing, shouldn't one of them have caught on to the fact that ASIC is an acronym (just like FPGA) for a completely different technology?

and these guys are meant to have masters degree's

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

BUY BUY BUY BUY BUY!

But they are trying to find how how asics work, give them some time  ;D

this is bfljosh's side company...dont worry bout it, move along. =P

Can anyone see a simple adsl modem motherboard in that picture on the main site? i can see a phone line plug (the grey port) next to a inductor coil (the yellow and black box next to it) the yellow network connector, next to a switch, next to a barrel type power plug? with the caption under the picture: "mage above: main control board + my ipod and mouse for scale." and that soldered aluminium can is EMS shield for the SoC...

sorry, when i looked at the post, clicked the link, passed all other posts and went eh, no, obvious fake...

in the world of smd circuits, that does look a bit old school

Doesn't matter if they are a scam. Read the FAQ. 155.2W at 3.3GH/s at best.

So, 21.26MH/J. An X6500 FPGA has better efficiency (23.25MH/J).

With such a sob-story in "About Us," it's pretty clear they are a scam. Not to mention that board seems to have some things I don't think it should have.

If it's all true though, they failed pretty hard when they could have mass-ordered some Spartan 6 FPGAs, built some boards and had better efficiency miners with those.

And for a "graduate of Napier University in Edinburgh" he has really shitty English skills. The grammar. It burns my eyes.

Just that little spat on the front page is enough for me, even if the are serious I don't do business with whiny children.

That aluminium(?) plate shield near the top taking 1/3 of the board space looks like something from a telecommunications board. I've seen it is modems, cable phone equipment. Yellow ethernet slot...

that looks exactly like the same board from my old adsl modem i had made by smd. also look what a quick google search found

http://www.123rf.com/photo_12087395_sircuit-of-external-adsl-modem.html (http://www.123rf.com/photo_12087395_sircuit-of-external-adsl-modem.html) almost exactly the same layout.

Yeah I don't buy this for a second.

Look at it. Row of green LEDs on the front, single yellow phone/ethernet in and power, no cooling solution of any kind. This is a broadband modem motherboard. I'm searching around to see if I can find this exact one somewhere.


EDIT

Yeah they must think we are pretty stupid...

http://www.blockburner.net/images/asictechfake.png

nice find, you can evan see the mask on the right hand one for the large caps on the left.....
i hope no-one actually paid 1000$ for an asdl modem........

Please don't send your money to these people, people...they barely even put in the effort to scam you of your coin.

At least their honest about the 'plug and play' capabilities... and the easy install software disc that always came with those modems  :D

It seems they were inspired by Cedartec and anon64's stupidity.

They've received some red on my Vendor database for these shenanigans

link please oper :D

https://bitcointalk.org/index.php?topic=176262.0  8)

site is down...your welcome

Still looks plenty up to me

let me fire up this computer again...looks like they just came back online a little bit ago. They were down yesterday and this morning

I can see the website, no need to DDOS. Anyone dumb enough to send money to people who can't spell and who put up a pic of a router next to a shit mouse and 5 year old iPod as 'proof' deserves to loose their money tbh.

Lose.

Loose is the opposite of tight, or restrictive.

Obviously he was saying that the person was being too "loose" with their BTC :)

Posted this on the scam-thread as well:

Just got an e-mail from them ( <sales@asic-technologies.com> ), which promptly got sent to SPAM folder by GMail. They either got my e-mail off the forum profile or they are mass-sending, hoping to hit active miners. In the e-mail they state the price in BTC, while the web-site states it in dollars. Still, $3000 for ~9GHs is a bit steep. BFL offers 50GHs for "just" $2500  ::)

i live fairly locally and asked for a f2f demo - (un)surprisingly, they never replied. They had replied to previous emails so i know the acc was active.

cheekily, i had asked about the adsl modem pics." BCT isnt somewhere we take serious " . nothing like alienating your customer base (unless of course you are a'n alledged' scammer)

How should I say this politely? 

They are effing scam.

theyre also using the name without the hyphen:
asictechnologies.com - bringing military grade technology to you - lol
whilst im no expert - i cant think of any military who are mining btc. At least theyve dropped their price  ::)

I'd say the good thing about these is that the price is so far north of ridiculous that not many would get caught up in it.

9Gh for $3k really?

the stupidity increases....
as these guys are local to me, i feel obliged to check them out further even if they wont f2f.
He even links to his own facebook account so you can check him out - hes very proud of his 13 y.o citreon you know! Im sure the cash he makes from miners will allow him to upgrade to a 2001 wrx and go "CRUISIN"  :o

https://www.facebook.com/scott.davie.77

Where did you spot this?

I honestly don't see where the concern is: http://www.asic-technologies.com/aboutus/


Can one person here prove to me that they ARE NOT deiced to start ordering more parts?

My only regret is that I didn't get an early queue position, assuming they're queuing. If there is no queue, then yes, they are a scam. If they are offering up queuing positions, then I'm on the fence.


I love their story. So open and warm and...wait for it...full of bullshit.

http://www.blockburner.net/images/asictechfake.png

 ::) ::) ::) ::) ::) ::)

This image was taken down off of their front page, but they don't seem to understand that nothing simply disappears on the Net

simply googled the company name,and the facebook page had the same name and address of the whois entry for their website. he also mentions asictech and how he makes miners, so im pretty sure its the same fellow. The granton area of edinburgh is hardly the nicest, exactly the kind of place youd find guys selling 1990s adsl modems as hitech.

EDIT: Just to clear up, we are talking about scotland (in summer), so deiced'ing may well be a factor before ordering

Aaaand now I'm getting email spammed from them in 15 minute intervals.

Soooooo were are these pictures.....

These guys are trying to scam. Don't buy or send money to them. Sent them a few e-mails. They wouldn't send me pictures/videos and contact info as i requested to see if they were legit.

I love how the "about" section doesn't bother giving any last names, yet goes into such detail about the people as if they are telling you everything.

They have some screenshots up now, but according to ELA they are pretty much all fabrications...

The shot of the casing is completely fabbed

CG miner screenshot has one definite square where it was manipulated, I imagine more of it was but resaves could make it hard to tell otherwise.

The last photo is not evident directly, but we can tell from this that A) Photoshop was definitely used and B) had been resaved so many times any bright spots of manipulation would be zeroed out


They are clearly scamming or are just completely incompetent, have already been caught lying, and with that childish super-rant I would not trust them any further than I could throw 'em.

I receive mail spam permanently. This is perfect sign of scam. Nothing else to add.

what more do you want to ask when the products will be coming from there.. ;D

Q. How long will my miner take to ship A. 5-7 Worldwide normally
5-7 what?

"There is currently a 11 day wait"
even if the 5 to 7 is "days", how can you do that with an 11 day wait??

"we have little time for technical support"
surprise surprise

Asic-technologies.com
Asictechnologies.com

If it looks like a scam, walks like a scam, and sounds like a scam.... i'll send you 30 btc....

His facebook profile is gone now... ;D

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