Another ASIC company[Could be a scam?]

[Operatr]

There is another almost just like it called gxmining.com, it has the same 'Shopped BFL units. Same scammers perhaps?

[GPU Rigs]

Hello everyone I was alerted to this thread by email so wanted to address some of your concerns.

First and foremost, we are definitely not a scam company, we are however a new company that has only come out publicly over the past 7 days (we have been working on our product line for about 2 months though) with the launch of both our http://www.gpurigs.com website and our http://www.asicrigs.com website.

Yes, both sites have the same layout and color scheme on them as we are wanting to keep our costs low while we maintain our growth by maximizing our profitability, that is just good business logic.

Our ASIC chips are being manufactured by an established company in the United States, ON Semiconductors, we are not, as someone jokingly stated, manufacturing them from our company owners home. On Semiconductors have been in business for over 40 years manufacturing chipsets so we are fully confident in their ability to produce the chipsets for our ASIC devices, despite there already being a couple of delays due to the components not meeting the hashing power we require for the mining devices.

Secondly, yes our business is registered via the owners private residence presently, just like millions of other companies around the globe, once we have established ourselves we will obviously be looking to take the business out of the home and into a commercial property but for now, we are registered to a private residential address (as someone has already used Google maps to post).

As for our phone number not working, you are correct, this is an online business and we answer all emails in a timely manner, there is absolutely no need for us to have a phone number on our website, again, just as millions of other websites do not list their phone numbers.

If this makes you think we are a scam company, so be it, but ultimately, we have not approached anyone to purchase (or pressure them to purchase) any of our ASIC rigs due to orders not being able to be fulfilled until at least June-July presently but we are actively starting to promote our GPU Rigs (see signature) if anyone would like to purchase one of those (GPU Rigs should be shipped within 7-10 days of order).

Once we are ready (and confident) that we can meet the needs, expectations and demands and more importantly ship our ASIC line of products, we will obviously start promoting those heavily (we are in soft-launch stage presently).

In addition, it was also mentioned that our ASIC mining devices look similar in style to the BFL product line, this is correct, we wanted to open them to the market with a design and specification that potential customers are already used to seeing, much like if another company was to launch a new range of laptops, they would ensure that they actually looked like existing laptops in the marketplace.

I am sure that there are many of you whom after reading this response will still be skeptical and unfortunately I doubt there is anything I can do to overcome that (based on past experiences with companies actively selling ASIC setups that have over-promised and under-delivered) I just hope that over time, we can become a trusted provider of bitcoin and litecoin mining devices to the industry.

Thank you for giving me the opportunity to address these concerns and, if  you have any other questions, comments or concerns I would be happy to discuss them publicly on this community forum or, privately by email if you wish to contact us directly.

[Jahare]

So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

[GPU Rigs]

So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

[Operatr]

So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.

[GPU Rigs]

So roughly $750 for HD cards, a few hundred for mobo, case, power.  Not a lot of profit in if if not a scam.  This is a quick assumption of the GR1 (800MH/s).  Cheaper and more efficient to purchase the parts and skip the $100 shipping. 

This sounds a lot more like a group building rigs for mining based on current available hardware and accepting bitcoins.

Just my opinion.

That is exactly what we are doing with our GPU Rigs.

It is unfortunate that new business in the bitcoin mining industry are being instantly labeled as scam artists based on past experiences individuals have had with other companies but honestly, this was expected. I just hope that over time we can show that we are not here to scam anyone and that we can earn the trust of the mining community.

I will give you the benefit of the doubt, however, your company:

Has blatantly ripped off images on both sites (and GXMINING.COM, which seems linked to you also) of Butterfly Labs devices

Has not shown a shred of proof of anything you claim, can you provide a photo or evidence of a prototype? Anything?

Can you provide an explanation for both of these issues?

If not I don't think you will be leaving "It's an obvious scam" world anytime soon.  You are correct in many new companies being labeled a scam, and that is because most of them are. It is very hard to tell at the moment who is real and who is not. I am not targeting your company directly or on purpose, only presenting evidence found so far that makes it seem like it is. If you are legit then I am happy to remove you from my other thread as a scam site: https://bitcointalk.org/index.php?topic=176262.msg1835276#msg1835276, but you must provide proof of such or words are just that.

True, a home address as a business address is not uncommon, however for a hardware manufacturer it is.

We have not blatantly ripped off anything thank you. We are building our ASIC systems based on what is currently, considered to be the popular look and feel of them, hence it is showing a mockup of a device similar in size and quality of a BFL mining system with a brushed aluminium look.

A prototype of what? Right now our primary focus is sourcing working ASIC chips that do what they are supposed to, we have not even started the build out process for the final rigs because until we have working chips, anything else we can 'show' will just be that, for show and not actually worth the pixels it would be presented online in.

Again, we are not manufacturing these chips ourselves, we're using a semiconductor company based in the United States (On Semiconductors) to manufacture the chips, once we have access to proven, reliable chips, the manufacturing process will begin... Right now we are not even promoting our ASIC rigs instead we are focusing on promoting our existing GPU building business model or are you saying we are unable to build GPU miners and have those shipped out to customers that order them?

I am personally slightly confused as to what we are actually being accused of scammers for? The fact we are looking for a viable, working source of ASIC chips to produce affordable miners? Or that we are able to produce GPU based mining systems? Or that we have 2 websites that look similar to each other, only one of which we are actually promoting presently? Or that our company is registered to our owners residential address? Or just the fact that hopefully, in a few months time we will be able to start selling and shipping ASIC devices once they are available?

I mean sure, if you can backup your claims we are scammers, by all means do so, until then, as I mentioned in my response above, it just seems like a case of once bitten twice shy, by a community of individuals who may have (or may not if BFL ship) been scammed before, which personally neither I nor the company owner can fault, we haven't solicited any people to pre-order and in fact in a thread yesterday on this very forum, I suggested that someone asking about ordering wait until I knew what the actual shipping date for our ASIC models would be.

[BigBitz]

I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

[GPU Rigs]

I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option

[BigBitz]

I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option

Find out. Update us and give me a price.

John K is a Moderator on this forum and offers a lot of the Escrow services in use. I can pay in Bank Transfer/SEPA/FPS/PayPal etc. It will all go through John K.

If you can ship an ASIC to someone, me for example, then you will generate orders quickly without doubt.

[GPU Rigs]

I'll buy an ASIC Miner if you use John K as an Escrow.

Are you in?

I have no idea who that is sorry.

I don't think we would have any issues utilizing an Escrow service though, will need to see what the company owner says but yes, that could definitely be a way we can alleviate some of the doubts people are having.

I will say though that right now, as already mentioned, we are experiencing delays with our chip provider so ultimately I'm not sure presently what expected shipping would be, I will definitely find out tomorrow though and keep you updated on this option

Find out. Update us and give me a price.

John K is a Moderator on this forum and offers a lot of the Escrow services in use. I can pay in Bank Transfer/SEPA/FPS/PayPal etc. It will all go through John K.

If you can ship an ASIC to someone, me for example, then you will generate orders quickly without doubt.

Ultimately it isn't my decision but I will definitely ask the company owner tomorrow and keep you updated on this, I actually like the idea, my only concern would be with delivery but as the funds are in escrow you aren't really losing anything and neither are we once we are able to ship units so I'm not seeing it being a problem

[BigBitz]

The way I would imagine it would work is...

You tell me price.
I pay that money to John K [you pay any Escrow fees associated - you are proving your value to the community, not me]

You ship.

I receive.

I confirm it works/mines.

John K releases funds.

You get MANY orders from other users.

[wachtwoord]

The way I would imagine it would work is...

You tell me price.
I pay that money to John K [you pay any Escrow fees associated - you are proving your value to the community, not me]

You ship.

I receive.

I confirm it works/mines.

John K releases funds.

You get MANY orders from other users.

If you agree to this deal (and there is no reason not to if you are legit) I'm definitely in as well. If the price and specs correspond to the website, I'm open to discuss paying for the escrow fee as well.

[BigBitz]

It's essentially a very good opportunity for this company to prove their worth.

I will document, pictures, update, etc if it happens.

[GPU Rigs]

Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.

[Lodbrok]

I got one.  I decided to open it to view the components and found something very interesting.
http://previews.agefotostock.com/previewimage/bajaage/920fa6f4acf56ff39e99ce1a9b2f2c40/NGR-02A10P8Q.jpg

[BigBitz]

Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.

This totally should be your decision.

I will pretty much assure you that if you can deliver a working ASIC to me then other people will order quickly. They will literally flow in. People want ASICs and people want them now.

[wachtwoord]

Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.

Sounds good

[GPU Rigs]

Let me speak with Pete tomorrow and will let you guys know.

I personally think it is a great idea but ultimately I'm just sales/marketing so it isn't my decision to make I really don't think there should be any concerns with it though from our end.

This totally should be your decision.

I will pretty much assure you that if you can deliver a working ASIC to me then other people will order quickly. They will literally flow in. People want ASICs and people want them now.

No. It shouldn't, it isn't my company, I'm just an employee.

That'd be like a worker at the Budweiser factory just randomly deciding to change the recipe because a few people wanted it changing.

It isn't my job to dictate company policy, no matter how much I like the idea personally.

People may want ASICs now but right now, as I have already stated we are unsure of shipping based on what our chip provider has told us, what is to stop us (potentially if we were scammers) having 1 device made, shipped to you and then taking hundreds, potentially thousands of orders after you have posted pics, reviews, etc?

We'd rather start selling once we know for certain we can ship based on demand not just take peoples money and constantly delay their shipping, that is what happened with BFL, we want to learn from the mistakes of others, not duplicate them LOL

[BigBitz]

If you're the Sales/Marketing guy for the company, any company... and you can promote the company to be a non-scam company I think you will find you will do a hell of a lot more GOOD than BAD.

[GPU Rigs]

If you're the Sales/Marketing guy for the company, any company... and you can promote the company to be a non-scam company I think you will find you will do a hell of a lot more GOOD than BAD.

You still don't go over the company owners head and make decisions on your own, all that achieves is getting the company good publicity and then having to file for JSA the next day.