Bitcoin Forum

One University One BitCoin ATM

BitExchang, the advanced Bitcoin company, start “One University One BitCoin ATM ” plan.

BitExchange will provide 20pcs BitCoin ATM to the University Bitcoin community,: North American pcs, Europe 5pcs, Asia 5Pcs, other country 5pcs.
Here is schedule：
1，provide the University community information
2，BitExchange will check all the information and confirm it in 1-2weeks.
3，BitExchange will ship out the ATM to the qualified Applicants. The postage will be payed by Applicants.
4，when got the atm, log in www.bitexchange.com.hk . Register and get the operator account.
5，transfer bitcoin to the operator account.
6，the clients go to deposit on the atm and they will get the bitcoin in a few seconds.
Other details.：
Ownership of the AMT
1，the ATM belongs to BitExchange。
2，Applicants has the whole Lifetime use rights.
3，Applicants cannot resell and move the ATM out of the university without BitExchange approvement.

The coin price：
1，different area, different currency. The atm will get the real time price from local biggest exchange website.
2，the price can be big difference between different platform when Market volatility.

Commission：
1，BitExchange will charge 0.5%-1% commission.
2，the commision rate will be adjusted according the ATM quantity and the transaction amount.
3，Applicants can setup their commission of very ATM.

After service and Warranty
BitExchange provide one Year Warranty.

Volunteers：
Volunteers needed. Its free and none payment.

here is 3 different colors: Gold, Silver, and Black.
https://i.imgur.com/DefPGXu.jpg

https://i.imgur.com/1ze1koz.jpg

Its free shipping too?
We don't need to pay? Just charge commission to bitexchange ???

pls take a look:
3，BitExchange will ship out the ATM to the qualified Applicants. The postage will be payed by Applicants.

We're in the Philippines (ASIA) and I may want to apply my university, though it's actually a highschool.
Where do we send the info?

I hope someone at Universities in the north of England get on to this... it's time we saw some ATM's in my part of the world.

Hello,

There are three university in Islamabad, Pakistan in one compound that would appreciate such an offer.

Please let me know what information do you need.

Regards

Duke

give me more information about the university and local bitcoin community.
thanks.
jack.

you can help to find local bitcoin community.let them contact with us.
thanks.

here is 3 different colors: Gold, Silver, and Black.
https://i.imgur.com/DefPGXu.jpg

Received no reply from my latest PM

Is this for real? Don't one need permission from the university and the local government to set any of these up?

Lol

too good to be true

too good to be true?
too many things you never meet before.

operator needs to talk with local university.

Say I wanted to do this at my University - can you give me a first step, and work from there? I would be more than willing to do the necessary steps.

Same -- as long as you keep contact with me.
What more info do you need of mine?

of course they want to give them for free since no one buys them ...

these 20pcs atm is free.you just need to work with bitcoin community in university.
we give it to the university only.

we need you provide:1, university information, 2, the community information, 3, member information. 4, personal information. we need one people to sign contact with BitExchange.
thanks.

pls take look my reply to small questions.

very strange. seems few people want free atm.
bitcoin winter is too cold.

what about just asking a local business if they would be willing to set one up on there property instead of just universities?  I would be more applicable to do that and would seem like it would take a lot less of a fight as in local laws and such.  Somewhere close to schools and collages but also off campus.

I've requested one, but still haven't gotten a confirmation

Hello,

I am still interested.

Have a few universities and schools lined up.

I have emailed you as well.

Waiting for your response.

Best Regards

Duke

Very decent looking, great design.  Hopefully we can get more projects like this going, we need low commission ATMs everywhere.

hi,Duke?
whats ur email address?
thanks.
Jack.

I'd say you're pretty lucky Duke

Guy usually takes a million years to reply

i have replied your pm. we need to time to compare every application.
thanks.

BitExchange Two Way atm is ready. will show it on Inside Bitcoin Singapore。

Wow, how about faucet machine? It will popular by newbie :D

faucet machine??what's it?

we will attend Inside Bitcoin Singapore.
welcome to use it, test it.

Perhaps there will be universities stupid enough to accept those terms. 

These conditions are so poorly drafted, the company seems to have no business experience.  It surely does read like a scam.

There are no specs, not even photos of the ATMs, only computer graphics renderings.

Note that the university must send money to BitExchange first, to pay for the shipping.  What could possibly happen after that?

You obviously aren't aware of how marketing something works. Its the same reason the New York Times gives free news papers to college students at certain universities. Short term loss can be sacrificed for long term profit, especially with bitcoin because potentially one atm at a medium sized school could create hundreds of new, college educated, bitcoiners.

you don't know the difference between graphics renderings and real products.

we want to let more people join bitcoin community.

did you still have any ATMs?

we have two models. one model is one way. another one is two way. these 2opcs free atm is one way atm.

here is some two way atm pictures:
https://i.imgur.com/Q5d2E3k.jpg
https://i.imgur.com/JoLRgA0.jpg
https://i.imgur.com/uM5x0EM.jpg

Inside Bitcoin Singapore pictures. one way, two way ATM demo show:
https://i.imgur.com/1YuUAk7.jpg
https://i.imgur.com/qy92YcC.jpg
https://i.imgur.com/KcLeG0a.jpg
https://i.imgur.com/FscKj1M.jpg
https://i.imgur.com/0vdtLrh.jpg
https://i.imgur.com/WJ4SV9Y.jpg

website is down?

http://www.bitexchange.com.hk/

no longer up in less than a year!?!  :o :o :o :o

https://s17.postimg.org/7y4pcdpi7/scammers.jpg (https://postimg.org/image/66bqhh657/)[/url]

I'm sorry but this ATM model was a total disaster.

I was one of the first to receive one early 2015 from a guy that had business cards with the name "Jack CEO" on it. Even though the guy (Jack CEO) was really enthusiastic about the ATM, the software was running on a localhost webserver running on a raspberry that ran chrome in kiosk mode. (not very fast of course and wonky as f*ck!)

Not only did the ATM accept money without an internet connection present (I mean seriously, where does it get its rates from?) it would also display a rate out of nowhere that looked nothing like the current bitcoin rate.. I could not get it to work after repeated attempts and all the replies I got via Viber support where that they could not SSH into the 'machine' (WTF? On my network?), case closed.  The camera was the standard raspi cam module stuck with mounting kit to the back of the case, impossible to ever repair should it break just like the other components, glued to the inside of the case. The screen was a standard raspi touch screen as you see on Aliexpress, low resolution, slow response, few bucks, free shipping. Brrrr.

When booting the machine, it would briefly show the raspi icon and boot sequence and the salesman was annoyed that I started giggling when I noticed that. :P

The Bill acceptor did not have a stacker for the bills and no markings for brand or model whatsoever. Eventualy I found out it was the type of bill acceptor used for massage chairs in malls, hardly the counterfeit bill detection needed for a cryptocurrency ATM. Also found some videos on youtube where a few russian pranksters had fun feeding a chinese gambling machine (based on the same bill acceptor) blank paper notes and managed to get credits that way. Hardly comforting for a potential operator.

Steel from the casing was not thicker than your average PC case and could be pried open using a standard can opener. Security consisted of a kensington cable lock normally used to prevent laptop theft. The UI looked not bad, a bit like the early Lamassu GUI so maybe just a copy-paste job until you touched the screen, it would be slow and non-responsive, camera would not focus correctly and that is where the fun ended for me and became really annoyed. 

As if the above was not enough to scare you away the ATM required you to deposit Bitcoin into a master account on their servers (yes, that still happens, the server that is down now!) and this is where I signed off. I switched off the machine, dismantled it, analyzed the Raspberry PI imaged and noticed it was a violation of GNU public license and was put together by a madman with a glue gun.. Not touching it any longer....

FYI: This is the same company behind free miners that burned within 30 mins of switching on because of faulty design or whatever. Also they recently produced coolwallet, a hardware wallet that looks nice but probably is a rip-off of the Trezor firmware or some other GNU violation just like their 'ATM' was... Would not trust these guys with a single satoshi and think they are a disgrace to the ATM industry.

http://imageshack.com/a/img924/5458/tKiyWr.jpg

On a positive note: The salesman was friendly and felt a bit sorry for him that he had to try and sell this junk to people but felt I had to prevent other local bitcoiners getting stung by this scam. I kept the salesguy busy, kept the ATM of the market as this would be really bad for the perception of Bitcoin in the eyes of the end-user if this kind of rubbish is dumped on the market and people pay 1000 USD for something that was maybe worth 100 USD and a few sticks of hotglue.

Disclaimer: I work for GENERAL BYTES nowadays (since october 2016) , an ATM manufacturer (www.generalbytes.com)  but between Dec 2013 and Jan 2015 have purchased, tried, tested and reviewed practically every single bitcoin ATM model that came to market only to find that most failed at hardware, software, delivery or any other combination of the previously mentioned problems.

Many had centralized wallets (BTC-O-Matic,  This Model, BitXatm, Modenero, SumoATM, Robocoin, etc.) and operators either got their funds stolen (BTC-O-MATIC, BitXatm, SumoATM, Modenero) or did not even trust the system to put BTC in in the first place. (This model)

Bottom line: If it looks to good to be true, it probably is.... Best is to look at the top vendors on coinATMradar.com and see for yourself what you think is a safe bet. Don't just look at some pretty screenshots and a souped up web-site but compare support, verify quotes from different vendors, double check features, what about built quality? Make sure you verify recommendations from vendors, most time these are old and probably outdated.... The real cost of running a bitcoin ATM is in service calls and downtime, reduce those to a minimum and that is where your ATM business runs a nice profit. If you are stuck with high maintenance equipment without proper fleet management tools, you will never be able to scale the business past a few machines.