This is a thread about a new mining manufacturer called LSM Labs.

The site is at this address: https://lsm-labs.com

They have listed:

Pandora
3 TH/s ASIC Miner
$7,199 USD
Delivery by 21st May 2014

As well as other machines.

They seem cheap and the delivery time looks very early - this prompted me to put up a few red flags in another post, which has been moved to this thread.

1) Their domain name is cloaked.
2) They said they will process BTC payments through a 3rd party Escrow (VC-Escrow.com), they too have their domain cloaked.
3) The address seems generic - but this not unusual.
4) LSM Labs Limited, a company incorporated under the laws of the British Virgin Islands (“LSMLabs”), how is this different from other companies, what recourse do mining facilities have for refunds with such a company?
5) There were stock images of two members of the team but these have since been removed. And it seems it was done by the website designer.

I did write to the website and received an email response but I am not sure it was a friendly one. I invite staff of LSM Labs to respond to this message and explain why we haven't heard of this company before? Where is the Reddit and Bitcointalk promotion?

Are LSM Labs going to tell us what assurances mining companies have that their products will be delivered?

Does anyone have any experience with this company and if so was it a positive one???

Hey what does everyone think of Mining ASICs Technologies B.V. (MAT)?

There was an article about them in Bitcoin mag: http://bitcoinmagazine.com/11125/asics-litecoin-come/

And here is their store: https://www.mining-asics-technologies.com/shop/

With machines like that - I was astounded - yet they featured in Bitcoin mag yet it all looks too good to be true?

The team are listed with Linkedin profiles - one withe 350 connections, so that's two boxes ticked. But very long lead time is not good.

What do you think? Should we be trusting this one?

Regards
Estelle

Thanks Zack and everyone - I've always loved ADT just didnt expect it to come back as version 2!

Wow great work.
Regards
Estelle

So everyone thinks scam.

They use Coindesk plugin check out - when I asked how reputable are they - they said we have to be verified by Coindesk to use that service.

I was interested in the Cointerra machine - so I wrote to Cointerra about them to see what they would say...

Still waiting to hear back.

Regards
Estelle

Has anyone heard of Miner Warehouse?

MinerWarehouse.com

Are they reputable?

Any advice would be great thanks.

Regards
Estelle