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Author Topic: Tips to avoid scam  (Read 699 times)
libitum (OP)
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February 07, 2014, 09:47:12 AM
 #1

Hi,
As a background, I am mining with few KNC Jupiters, and I am waiting for few KNC Neptunes (i know KNC has lost some reputation since their last newsletter, but that is not the topic for this post).

I plan to search if there is money in buying/selling bitcoin miners, but because I have never bought/sold any hardware, I would need the help of more seasoned forum members.

I am looking for advice from people who have purchased or sold bitcoin miners. What tips could you give?
I am located in Europe. To avoid paying customs, shall I buy and sell only from Europe?
Where are the safest places to get a second hand miner.
If you got scammed, how did it happen. I want to learn all the tricks out there to avoid getting scammed myself.
Is Escrow the safest option? Personally I dont understand how can a 3rd person know better when they never see the hardware themselves. What if I am a buyer and the seller sends me a broken miner. Or What if I am a seller and deliver a perferct working miner, but the buyer complaints to the escrow to try to get its money back (and keep the miner). How can an escrow make any decision on a transaction they know nothing about?

Thanks for your help!

Libitum

Reviews of Bitcoin Miners. $500 Rebate KNC Neptune Miner (http://www.libtium.com/?page_id=88/)
rammy2k2
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February 07, 2014, 11:33:41 AM
 #2

use escrow
Sonny
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February 07, 2014, 02:20:31 PM
 #3

Use escrow if possible.
Be extra careful with "too good to be true" deals and trades with newbies with no history.
Don't accept payment with possible chargeback (eg. paypal).

DrG
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February 08, 2014, 12:21:46 AM
 #4

When selling, record serial numbers and if the item is really expensive you can engrave it somewhere unnoticeable so if it gets swapped when it comes back you'll know.
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