Age is a minor issue. But if it's a lie (which I believe it is), then what else is a lie? If you're going to lie about something so simple, then what about the complicated/elaborate things that you're speaking of?

he/she (Zhou Tong) should be proving it.

This person (Zhou Tong) isn't 18.  Without going into details, ..

I was doing a LR->USD exchange for a Singapore friend (total $100K, and $30K in XMLGold, $40K in AurumXChange, and the rest OTC). He paid me $100K in LR and I paid my friend $100K in full (taking a huge loss), so the $40K should be mine. It's a transfer from my LR account to my bank account. It's never a third-party transfer like some other said.

At that time, I told CJH (the Bitcoinica hacker) about AurumXChange's accusation (I had to tell). He decided to withhold $40K from the payment to Patrick Murck. I asked him not to, but he persisted. Later, he gave me a verified Alipay account with $40K equivalent in CNY. I didn't bother to touch the funds because AurumXChange was lying to me about their correspondence. (To date I still haven't received a single email from them, despite their false claims on the forum).

Now CJH is gone (phone: powered off, QQ: offline, email: no response) and the Alipay account got its password changed (most likely by him after withdrawing the funds).

So AurumXChange has succeeded in ripping off $40K by using the coincidence of Bitcoinica hack and my Singapore trip (I can even show anyone my passport stamps of leaving Australia during the hack, PM me). There was no AML investigation and I didn't receive anything.

I allowed them to send to Bitcoinica because I felt it's better in Bitcoinica creditors' hands rather than theirs. No matter how they feel about whether it's an insider job or not (it's not), they have my full consent to send money to Bitcoinica. (Even if it's really an insider job, the money should also be sent to Bitcoinica, with or without my consent). But they clearly didn't do anything and kept the funds for themselves.

I'm no longer mad at them but I still hope AurumXchange can do the right thing. I will take the reputation hit as a punishment for not choosing business partners carefully (the Bitcoinica Consultancy) and it's understandable that AurumXchange wanted to do good for the community by revealing suspects.

Tell you what.

Abolish all taxes beyond the local (city or county) level.

Expel or assimilate non-local service providers providing service in the local area.

Institute "pay cost" for use on all services provided by non-local entities.

Then we can talk about greed.

Until then, the greedy who want me to pay for their services can take a flying leap.

May we see a scan/picture of this letter? That sounds insane, even by my standards.

Looks like this guy missed the option: order without PSU. Well spent money though.

Edit: If not happy, you can ship the extra module to me in China - I give you BTC after I get it in safe condition, or we can arrange a meeting in Korea next month.

Ive already got the wheels rolling in this reguard for contacting them as well, and as president I will be reporting everything in a transparent fashion on this forum.

I agree, the scam was pretty obvious. I actually think it was worth the cost just for the sake of this thread, if it prevents the same thing happening to any other newbies.

-Be vigilant

-Don't get complacent

-Always use escrow

What I can't get my head around is why these people even bother? This person registered in February, made the 5 posts required to get out of newbie section and then proceeded with his 'cunning plan'. Assuming that only two of us were stupid enough to send him any money he will have made what, a few hundred dollars? For less effort he could make twice that in a week conducting legitimate business...

April 8, 2013
BitCoin Mining Systems

For those who are aware of the so-called ASIC hardware BitCoin miners that seem to take months to obtain and can't do anything else, how about a high-powered computer system you can use to BitCoin mine also?

 

For those who are unaware of what a BitCoin is, we offer this explanation from the April 2013 opening paragraph shown in Wikepedia

Bitcoin (BTC) is an online digital commodity that is based on an open-source, peer-to-peer encryption protocol first described in 2009 by a pseudonymous developer (or developers) named Satoshi Nakamoto. Bitcoin is not managed by any government or central authority. Instead, it relies on an Internet-based network. The creation of new bitcoins is automated and given to servers or "bitcoin miners" that confirm bitcoin creation as they add codes to a decentralized and archived log approximately every 10 minutes.

If this seems a little nebulous, we agree with you. Ignoring the details, here is what is important about Bitcoin:

Anybody can get involved by simply running "Bitcoin mining" programs that award Bitcoins just for participating in the hunt for them.
The value of just one single Bitcoin could potentially reach thousands of dollars (or much more).
It will become progressively more difficult to be awarded a Bitcoin as time goes on and more "miners" participate in the effort.

Surprisingly, just having a fast overclocked CPU will not propel you to the top of the Bitcoin Mining Heap. In fact, GPUs are better Bitcoin miners than CPUs. Again, without getting too technical, the thousands of so called CUDA capable cores within a high-end GPU can crush a fast CPU with only a handful of cores. And the "best" and fastest video card is not necessarily the best at Bitcoin mining.

There is a great deal of information on Bitcoin Mining as close as your favorite search engine and fingertips, but if you don't want to wade through all of that information, and you don't want to spend thousands of dollars on hardware that doesn't do anything else but "mine," continue reading.

Because the process of mining involves operating on secured data at the "bit" level, you will see the units of "speed" mentioned in terms of Megahash/second or Gigahash/second, abbreviated as MHash/sec and GHash/sec respectively. The Mega- prefix indicates 1 million/second while the Giga- prefix specifies 1 billion (or 1000 million to those from England) operations per second. In essence, more-per-second is better (of course) since it will result in more Bitcoins being awared to you in a given amount of time. We at Liquid Nitrogen Overclocking have taken a great deal of the guesswork out of all of this hash-talk, and offer three different mining systems:

Bitcoin Mining Products
Product   CPU @ Speed   Total CUDA Core Count   Bitcoin Production   Price
Corporal Miner   Intel i7-2700K @ 5.00 GHz   2,668   0.10 Bitcoins/Day   $4,500
Captain Miner   Intel i7-3970X @ 5.00 GHz   5,200+   0.25 Bitcoins/Day   $6,750
Major Miner   Intel i7-3970X @ 5.00 GHz   10,400+   0.50 Bitcoins/Day   $9,000

Please bear in mind these Bitcoin production figures are taken from actual April 2013 performance figures. As time goes on and Bitcoin mining becomes more popular, the reward for mining per-unit-of-time will drop in proportion to the number of active miners. It is therefore best to get involved in mining earlier rather than later.

We've seen BitCoin reach as high as $250 per coin, but let's use a variety of examples to see how long it would take to completely recover the cost of your hardware, and how much you could earn in one year of mining at the present rate of reward.

$4,500 Corporal Miner @ 0.10 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   450 days   $3,650
$150   300 days   $5,475
$200   225 days   $7,300
$250   180 days   $9,125
$300   150 days   $10,950
$500   90 days   $18,250
$750   60 days   $27,375
$1,000   45 days   $36,500
$2,000   22.5 days   $73,000
$3,000   15 days   $109,500
$5,000   9 days   $182,500
$10,000   4.5 days   $365,000
$6,750 Captain Miner @ 0.25 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   270 days   $9,125
$150   180 days   $13,687
$200   135 days   $18,250
$250   108 days   $22,812
$300   90 days   $27,375
$500   54 days   $45,625
$750   36 days   $68,437
$1,000   27 days   $91,250
$2,000   13.5 days   $182,500
$3,000   9 days   $273,750
$5,000   5.4 days   $456,250
$10,000   2.7 days   $912,500
$9,000 Major Miner @ 0.50 BitCoins/Day
BitCoin Value   ROI @ $X/coin   Total $/year @ $X/coin
$100   180 days   $18,250
$150   120 days   $27,375
$200   90 days   $36,500
$250   72 days   $45,625
$300   60 days   $54,750
$500   36 days   $91,250
$750   24 days   $136,875
$1,000   18 days   $182,500
$2,000   9 days   $365,000
$3,000   6 days   $547,500
$5,000   3.6 days   $912,500
$10,000   1.8 days   $1,825,000


We do not show the actual systems as we do for other builds here on the website, since astute system builders would be able to identify the components used in the construction of these Bitcoin mining systems. But, unlike the dedicated Bitcoin miners out there, our systems can be used for High End Gaming or other complex Scientific Calculations where CUDA technology can be very useful.

Call 610-818-5063 for more informtaion.