marra
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March 07, 2013, 01:41:19 PM |
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So he has 500 in stock but will only start selling Monday. Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.
exactly, no asic over here guys... no images of circuits, no board diagram, nothing... this is ridiculous...
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$1 = 1 satoshi ☰☱☲☳☷☷☳☲☰☰☱☲☳☷☳☲☰☰☱☲☲☳☷☷☳☲☳☱☷☷☳☲☰☰☰☰☲☳☳ ☳☲☰☰☱☲☳☷☷☳☲☰☰☱☲☳☲☳☷☷☳☳☳☲☰☰☱☲☲☳☷☷☳☳☲☰☰☱☲☲☳☷☷☳☰☱☲☳
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SolarSilver
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March 07, 2013, 01:58:14 PM Last edit: March 07, 2013, 02:09:51 PM by SolarSilver |
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Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.
No problem in being critical of potential scams, but at least get the math right... 144 blocks / day @ 25 BTC / block= max $154.800 @ $USD 43 / BTC per day is being earned by mining and that is if he has the total network output, so with 'only' 40 TH (500 x 80 GH) he would get about half that each day. Besides, I doubt his apartment has 500 x 800 W= 400 kW worth of infrastructure (not forgetting cooling) edit: updated BTC price
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veryveryinteresting
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March 07, 2013, 02:15:03 PM |
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Reality check guys, if he is not mining on them, he is missing out on ~$200,000 per day.
No problem in being critical of potential scams, but at least get the math right... 144 blocks / day @ 25 BTC / block= max $154.800 @ $USD 43 / BTC per day is being earned by mining and that is if he has the total network output, so with 'only' 40 TH (500 x 80 GH) he would get about half that each day. Besides, I doubt his apartment has 500 x 800 W= 400 kW worth of infrastructure (not forgetting cooling) edit: updated BTC price Add in transaction fees and the money adds up pretty quick...
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Bicknellski
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March 07, 2013, 02:25:57 PM |
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*IF* anything gets sent - make an opening video at the post office or in front of the delivery man!!! Paypal can be a bit dense at times-if they provide a tracking number which states they sent and delivered something the right size..... 100% right. And don't forget that you could get a radiator of the same size and looks of the picture advertised. Then explain to paypal that this is not "mining bitcoins" as you expected. I believe you were too anxious. As stated, I'm going to be in Bud next week. We have two or three hungarian bitcoiners who already went to the different addresses advertised with no success, and who are ready to go again to check the units in person. I would have waited to have a confirmation from them before placing an order. +1 Please keep us posted. Great community effort thanks.
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SolarSilver
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March 07, 2013, 02:28:40 PM |
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Add in transaction fees and the money adds up pretty quick...
Care to show me some stats on that, for example from BTCguild or p2pool?
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SLok
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March 07, 2013, 03:01:23 PM |
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I don't say you won't definitely be able to have your chargeback: but CC or paypal are NOT a 100% guarantee. They are not? Sounds a bit alike when I check the PayPal chargeback rules. What problems could occur? When the seller already cashed out it is more PayPal's problem than mine, isn't it? How come you are protected by paypal? did you order from a site that has a specific paypal protection disclaimer, or do you have an invoice from a trader that has some paypal approval, or did you just sent money to another paypal user? I'm very interested about how your deal was made exactly.
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WARNING! Don't trade BTC with Bruno Kucinskas aka Gleb Gamow, Phinnaeus Gage, etc Laundering BTC from anonymous sellers, avoid! https://bitcointalk.org/index.php?topic=649176.msg7279994#msg7279994 #TELLFBI #TELLKSAG #TELLIRS WARNING! Darin M. Bicknell, a proclaimed atheist, teaching at the Jakarta CanadianMontessori School. Drop your kids there at your own risk! WARNING! Christian Otzipka - Hildesheim is a known group-buy scammer, avoid! WARNING! Frizz Supertramp, faker with dozens of accounts here! WARNING! Christian "2 coins to see SLOk's" Antkow, still playing his little microphone... WARNING! Slobodan "Stolen Valor" Bogovac, faking being a Professor WARNING!Marion Sydney Lynn, google him, errr her, errr.. and lol
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vdragon
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March 07, 2013, 03:12:05 PM |
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He is protected, if he paid for goods. If he did mass payment of gift then he isnt.
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freifallspoiler
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March 07, 2013, 03:16:05 PM |
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I'm very interested about how your deal was made exactly. I received an email giving a payment adress and paid to this address. I checked with paypal and it is covered (maybe this is different in other countries?)
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Rampion
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March 07, 2013, 03:18:27 PM |
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He is protected, if he paid for goods. If he did mass payment of gift then he isnt.
Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.
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Beepbop
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March 07, 2013, 03:18:45 PM |
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Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off. Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.
It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered.
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freifallspoiler
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March 07, 2013, 03:22:25 PM |
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I was not asked to state something about anything beeing a gift nor did I. I even wrote the text of my order and a description of the device ordered in the comment of the payment I order one (1) of your 80 GH/s BitCoin Miner price: 1249 EUR shipping: 49 EUR device description: Average Hash Rate: 80.000 MH/s - Power Consumption: 800W @ AC220V (as stated at primeasic.com/specs.html on 7th March 2013)
I'll keep you up to date!
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Rampion
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March 07, 2013, 03:28:28 PM |
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Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off. Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.
It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered. Well, that's what I said. You get a nice radiator full of chips that gives you 0.00000 Mhashes. Good luck explaining that to paypal.
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Aseras
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March 07, 2013, 03:41:06 PM |
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I'd open the dispute right away so paypal holds the funds..
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Miner99er
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March 07, 2013, 03:50:53 PM |
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Yeah Paypal Buyer Protection applies if he paid and market it as a payment for a purchase. He has 45 days to open a dispute. If the seller asked him to mark it as "gift" and he complied, then he's been ripped off. Again: explain to paypal that the 1.249€ radiator you received is not "mining bitcoins" as it was supposed to do. Good luck with that.
It's not like nobody has ever paid for a computer with PayPal before. They'll be able to understand. This is what they call "item not as described". I.e. you get a brick, radiator or a Pentium III instead of a bitcoin ASIC. But good luck with getting a refund if it doesn't make as much money as you think you would. That isn't covered. Well, that's what I said. You get a nice radiator full of chips that gives you 0.00000 Mhashes. Good luck explaining that to paypal. Item not as described... item not even close to described. Seller claims it does a certain function at a certain speed, it doesn't.
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SLok
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March 07, 2013, 03:54:15 PM |
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If it is not too much trouble could someone point me to where paypal's protection policy is clear on buyer's protection outside of ebay or other recognized selling platforms? I checked the paypal site for protection measurements regarding email to email payments, but find nothing specific about protection when using paypal this way as 2 private persons.
Freifallspoiler, I hope for the best for you, but the whole story so far stinks. The minimum should be a correct address, not one where people working, say they don't have a clue.
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WARNING! Don't trade BTC with Bruno Kucinskas aka Gleb Gamow, Phinnaeus Gage, etc Laundering BTC from anonymous sellers, avoid! https://bitcointalk.org/index.php?topic=649176.msg7279994#msg7279994 #TELLFBI #TELLKSAG #TELLIRS WARNING! Darin M. Bicknell, a proclaimed atheist, teaching at the Jakarta CanadianMontessori School. Drop your kids there at your own risk! WARNING! Christian Otzipka - Hildesheim is a known group-buy scammer, avoid! WARNING! Frizz Supertramp, faker with dozens of accounts here! WARNING! Christian "2 coins to see SLOk's" Antkow, still playing his little microphone... WARNING! Slobodan "Stolen Valor" Bogovac, faking being a Professor WARNING!Marion Sydney Lynn, google him, errr her, errr.. and lol
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Puppet
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March 07, 2013, 03:54:45 PM |
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Dear Paypal, Item does not produce the promised amount of the irreversible virtual currency thats set out to destroy Paypal. please reverse transaction. thx.
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MXRider
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March 07, 2013, 03:54:50 PM |
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So someone really paid in advance. I'm amazed and not in a good way.
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Rampion
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March 07, 2013, 04:04:17 PM |
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So someone really paid in advance. I'm amazed and not in a good way.
That's way we will see scammers offering ASIC miners. They know there will be anxious, greedy people willing to believe that scammers will be able to fulfill their promises, even if their offer is ridiculously full of red flags. It's like the bitswing.com guys offering BTCS at 21$.
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Flatlinezor
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Funny quote
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March 07, 2013, 04:11:44 PM |
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I can not believe people are still flying in for this....
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Calm sea doesn't breed skilled sailors!
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vdragon
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March 07, 2013, 04:14:54 PM |
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If it was someone from the forum, who is and established member with 500+ posts, then sure go for it, paypal, moneygram, btc, iban/sepa doesnt matter... But someone dropping out of the sky, with the offer thats too good to be true. .... For large amounts of money i mostly like iba/sepa/bank transfer - 99.5% cant open that with fake credentials
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