Bitcoin Forum

I just want to ask if 112bit.com is legit. Any body dealt with them (Juan)? Let me know thanks.

Hmm never heard about it ... check Bitcointalk search maybe you will find any thread about it.

Cheers

Looks bad.

Here's a post about an illegal business based out of the same address 4 years ago.

http://800notes.com/Phone.aspx/1-877-283-8065/3


-----

This business:

http://www.usamail1.com/about_us.php

is a virtual office company located in that building; that 'suite 2 -4604' is probably a post box for 112bit.com.

Also, that routing number is for a bank in MN:

Bank Routing Number 026012881, Wells Fargo Bank

FedACH Routing

Name:   Wells Fargo Bank
Address:   
Mac N9301-041
Minneapolis, MN 55479
Phone:   800-841-8893
Type:   Main Office
Servicing Fed's Main Office :   021001208, 100 Orchard Street, East Rutherford, NJ
Status:   Active
Change Date:   03/11/2013


real office: 112 Bit LLC - Phone: 1-888-261-6697 - 1111 Lincoln Road, 4th Floor, Miami Beach, FL 33139

Man! Nice done! Good research! If you are right, you find a great thing to warn people @bitcointalk.

Regards!

Thankyou so much! You just save A$$.

He did great job :) you should consider a tip for daclayman :)
He realy did a great job!

I didn't make sense sorry guys, what i meant was-

Thankyou so much! You just save "MY" A$$.

Hello I am the manager of 112 Bit LLC

We have hundreds of Antminers delivered nobody is complaining and we are official distributors for USA, can ask Bitmain if have any doubt.

Honestly I don't know who used our office before.

I am open to clarify any problem.

Regards

Juan

Also can ask here https://bitcointalk.org/index.php?topic=454808.0  and see what our customers says.

All the best!

I have read other posts that strongly suggest that 112bit.com is a legit US Authorized Reseller of Bitmain. But I can't be 100% sure as I have never bought from 112bit.com myself.

Other members who can vouch form 112bit.com please chime in.

https://bitcointalk.org/index.php?topic=454808.40

Seems legit, at least historically.

True indeed!! :)

Hhmmm,

I'm still on the fence. NY, MN and Miami,FL = where are you, Juan?

and a google search of your name is quite impressive.

Pics of end user purchase, warehousing w/your name in pic,
etc would gain my confidence.

dacl

Let me clarify.

Past week 463 miners arrived to my customers, this week is Monday and we have 587 miners shipped.

112 BIT LLC is incorporated in Florida.
When I opened the Bank Account I was in NY.

About MN is totally wrong all the Wells Fargo accounts in NY has 026012881 as routing.

You can ask Bitmain Tech Ltd if we are their distributors for USA or any of our happy customers not even one post a complaint, and many give us possitive feedback about fast shipping.

Anyone can just pick up the phone and call us or arrange a meeting face to face.

Having said that, I strongly believe business are based in trust so if someone for any reason don't trust 112 BIT LLC or I the best is not to do any deal.

All the best!

I ordered and sent the payment for an Antminer S1 from 112bit.com, on Thu. last week (the 27th of Feb 2014). I am starting to get a bit worried as I haven't heard anything from them despite couple of messages left on their web site and an email. I hope there is just a communication issue. :-\.

rockby11,

So you received your antminer? Because I see that your last post was on March 6, Juan told me that shipping time is 3 days (kind of super fast from China, right? ???).

Does anybody received antminers from 112bit.com?

Thanks

They are legit.. I had sent an email to bitmaintech about 2-3 weeks ago and they did get back to me saying that 112bit.com is legit. :)
Hope this helps..

Juan, I placed an order (#406) on April 1st that I have not received yet and it's still listed as 'processing" on your website. Why has my order not shipped?

Lawrence, the order is processing because it has not been shipped by factory yet, in case you wish me to do a refund and cancel please let me know.

Regards

Juan

Placed a order and paid on April 8,  havent  heard a reply or confirmation back.

communication and customer support from 112bit is terrible. juan does not have any antminers in hand, he is just a middle man to the manufacturer in china. if you have any problems he will tell you he cant help you go contact the manufacturer. the only thing 112bit can do is take your money.

Ive never had a problem

here is the tracking number for my return. it shows attempted delivery to bitmain on april 26. today is may 11 and they still not have accepted the package. i have expressed concern that bitmain will not accept the package so it gets sent back and they dont have to issue a refund or replacement. juan told me give him 48 hours to figure out whats going on. that was on may 6. today is may 11. juan has not gotten back to me and has not responded to 2 PM asking if has any news regarding my return. he has been online every day posting in his thread and replaying to customers PM. i dont see any good reason why he cant respond to mine or get back to me in 48 hours like he said he would.


https://tools.usps.com/go/TrackConfirmAction?qtc_tLabels1=CW617857244US

Seems like a scam to me..

Yes, everybody trust this guy over here.

And you look like a fake forum user to me :-)

Hi, your return never arrived but we are going to complete the refund today.

Please try to do your best to be sure the unit was returned to Bitmain

Regards

Juan

riiight!!!. That is not the best response when trying to defend your company. Please think of something better, just because I have less posts than you does not make me a "fake user" I have been with the bitcoin community since it started, having account on here does not make you any higher standing than anyone else. I also have a right to my own opinion after hearing countless problems about 112bit.com.

Xelpherpolis, you certainly do sound like a fake forum user to me. Juan was only half-joking because you fit the profile. I haven't done business with 112 BIT yet but your comment is quite the wrong thing to say if you have no experience with them either.

Nothing there looks like a scam, if you know the standard practices. The only reason I see that you would want to degrade the company by saying it is if you are trying to compete but they have better prices than you. You think somebody should be able to take a picture with a couple of cards pulled out and the company must issue a full refund without returning the unit or giving any hard evidence that there is even anything wrong it?
I only learned about them two hours ago but it did not take much effort at all to see that they appear legitimate and have a good reputation.

I hope you'll learn to never suggest a scam on a board where people are just trying to find whether the company has a reputation, unless you actually have experience and evidence of a possible scam!

since i posted here i figured i would tell you guys that jaun has resolved our problems and refunded my money. i'm not a fan of bitmain, but juan at 112bit is a decent guy.

I am glad to hear that, because from what people had said I suspected Juan (112 BIT) was making honest efforts, and I'm impressed he would be willing go further to help you when you had extra delay in returning it. It's nerve-wracking to me when I invest with high risk and then suspect that I might have been fooled.

My conclusion yesterday was that 112 BIT LLC is a trustworthy company, though he's had hard times because this Bitmain stuff is real shaky (saved all expense on previous batches) and gets rattled coming from China. He has nothing to do with manufacturing or packaging. Basically he takes USD or bitcoin which he converts to USD, makes sure they get it to you, then deals with RMA if problems.

I'm going ahead with them is because 112 BIT offered a good deal buying in groups and passing on the discount so we get a discount price on just one. As pointed out, even that may not be perfect because of the fast-changing bitcoin value, but the group-buy can be less hassle than dealing with coupons.

The important thing to know about Bitcoin in general is that it isn't who has the most money that wins. It is generally who is smartest. Part of that being that smarter folks can get their own bitcoin miner working, don't rely on a company except maybe designing faster new miners.

We are trying to do our best, sometimes takes some days but we solve legit complaints always.

Now 100% of RMA is done un USA by 112 BIT LLC

Regards

And I just got my Antminer S2 from 112BIT on time from his group-buy deal. I would have got it yesterday if I was there to sign for it. 3-day UPS from China seems amazing  8)

Now to get it up running, which I've heard can be tricky if things rattled loose but I heard the fans work so far and saw some LED inside...

It's working. 112BIT responded the same evening (maybe an hour or so), then their expert responded almost instantly while I was working on it. All the slots came loose in shipping but after still no display they helped me know which lights should be doing things and what it could mean. The problem was just the SD card data and didn't take much to re-image. It started ramping up hashing, so I'm happy :)

I purchased several items from 112bit. Everything came quickly. That doesn't mean they couldn't turn scammer later on... Good luck!

Has anybody bought a S2 unit with the 1 year hosting?  With the cost of electricity where I am, the annual cost after the cost of the machine is only like $150.  Plus I don't have that heat to deal with.  Thanks!

Thanks. Yeah this topic/question can really only be about past experience with them. There is not any bank, company, person, etc. In the entire world whom we could assume will never do something dishonest in the future. Not talking only about Bitcoin.


P.S. Have lot of trouble with bugs on the forum... Fine having to wait longer to log in after mis-typed pasword but it keeps blocking each post claiming I just posted recently. I've not posted in DAYS but certainly 100 seconds earlier I hit 'preview' on the message I am now trying to send! Then I added this note and waited several minutes to send but it told me I have already sent this. Yet I don't see any sign of it on the forum. I trust 112BIT more than I could trust this forum to simply work!  ::)

Hello Juan,

I transfer 369$ to your cie August 21 but I have no answer yet. I sent many message but nothing ?? Your number 1-888-261-6697 is a wrong one. My bank confirmed me that you receive the money. Could you please give some news. My order number is #1512.

Thanks,
Mickel

SCAM????

Juan,

I would buy your stuff via escrow. Can do I that? Sorry, I can't trust anyone here. Only the paranoid survive. But with escrow, why not? ;)

Is this business closed down, or what?

See mere here: https://bitcointalk.org/index.php?topic=801326

I placed 2 orders in September.......Sent two wire transfers to guy....It's November now, and nothing....I have not received either Antminer....this guy won't return calls or emails.....I googled the address, it looks like a parking garage...I am only three hours from Miami...

you know despite the history, this guy can easily just walk away since he is a middle man.

i would try to drive 3 hrs and find this guy or plan something out of some recourse action.