Its a fantastic idea and all, but paying for a server to have somebody else remote into it, add a status script and setup bitcoind with there donation address pasted on the website for something you pay for, seems... not right.

It should be crediting the person who is paying for that VPS to run the node. Not directing to his wallet.

You should go with Litecoin if you want to use GPU power. You would make a complete loss on Bitcoin.

Unless you personally know the person face to face, always use escrow. Anyone using the excuse to not use escrow, is most likely planning to scam you.

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.

Sounds like yet another Butterfly Labs.

I say down with Bitcoin Foundation, this group of people who seem to only imagine they are some kind of elite, will only damage bitcoin with the dirty past some of them have.

I would not say this is a scam, but communication really needs to be improved.

Could not put if better myself, let this pointless "foundation" die. They do not represent the bitcoin community at all, any "company or foundation" can, they are not special, and most members of the foundation are money grabbers. You are stupid if you pay to be a member of this foundation, they will do nothing but damage bitcoin.

Thanks for posting this, very useful information.

Seems like a scam to me..

Sounds unreliable and possible scam. I suggest cutting ties with anyone who has dodgy service from the start, these are the people who harm bitcoin/litecoin.

Thanks for the post, its another reason why I do not believe anyone selling miners unless I can see the physical product myself. The last annoyance I fell for was the first BFL Products, I have never waited so long in my life.

I knew it would not last long, its ran by thugs anyway.

Bitcoin Foundation? .... please go away. Its amazing how powerful these geeks delude themselves to be.

I think you need to stop taking the bath salts.

Wouldn't trust it as far as I can throw it, something is just not right here..

I guess good to do some research on, and to better services to stop such fools..

I think the FTP password changed sadly, would be interesting to see what is stored on the scammers account.

Should it be called ScamCoin instead?

Why is there so many oddballs like this involved in bitcoin?