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Author Topic: Official CedarTec Topic - New ASIC [Scam?]  (Read 42178 times)
Bitcoinorama
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May 02, 2013, 11:07:05 PM

I pre-ordered, but haven't paid.  They send you a bitcoin address, with 24hrs to pay it.  I presume it's unique to me, as that's how they will know I have paid.
I checked the blockchain, and there have been no transactions .

Yeah that's not a pre-order, but "24 hours" where they freeze your BTC quote which is 'accurate' at the time you order. Due to market volatility they supposedly can't hold for longer...pfff!

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FlappySocks
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May 02, 2013, 11:10:10 PM

I guess what I am driving at, is how they define pre-orders?  They sent me an e-mail stating my order.. Am I one of those 140?
Anonymousg64
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May 02, 2013, 11:46:51 PM

From my research at the time of payment, they cash out every order as soon as possible at bitcoin-24.com

Their process should have changed now that bitcoin-24.com accounts were shut down in poland.

https://blockchain.info/address/12AAdcQPitiWmkJFm5FkjFeGWN5DKr53tc

I have order 008X
Anonymousg64
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May 03, 2013, 04:06:33 AM

I see a 24pin mobo connection only,good for about 150 watts @12 volt & the consumption is 200 watts Huh Not gonna work is it Huh

I'm sure these guys aren't for real too,but "in theory",would it  Huh

http://www.playtool.com/pages/psuconnectors/connectors.html

A little more than half way down on that page.

Its 20pin, and can support up to 251Watt in total over 3.3v, 5v and 12v combined.

http://www.playtool.com/pages/psuconnectors/connectors.html#atxmain20
steamboat
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May 03, 2013, 04:42:56 AM

From my research at the time of payment, they cash out every order as soon as possible at bitcoin-24.com

Their process should have changed now that bitcoin-24.com accounts were shut down in poland.

https://blockchain.info/address/12AAdcQPitiWmkJFm5FkjFeGWN5DKr53tc

I have order 008X

Wait, you gave them money?

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crazyearner
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May 03, 2013, 05:03:01 AM

seems all coins arriving to this address https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26

Total Received   405,500.2006404 BTC

then going out to

https://bitcoin-24.com/

make your own conclusion here people highly suspect my view. Creator of this rig how about I come to your business we meet in person you show me working product I then buy off you and then close the case of scam?Huh?
Xian01
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May 03, 2013, 05:05:51 AM

seems all coins arriving to this address https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26

Total Received   405,500.2006404 BTC

then going out to

https://bitcoin-24.com/

make your own conclusion here people highly suspect my view. Creator of this rig how about I come to your business we meet in person you show me working product I then buy off you and then close the case of scam?Huh?

There is no way those people conned  405,500.2006404 BTC out of potential customers.

That's an asinine amount of money. Or are there just that many suckers ?
Anonymousg64
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May 03, 2013, 05:13:32 AM

seems all coins arriving to this address https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26

Total Received   405,500.2006404 BTC

then going out to

https://bitcoin-24.com/

make your own conclusion here people highly suspect my view. Creator of this rig how about I come to your business we meet in person you show me working product I then buy off you and then close the case of scam?Huh?

There is no way those people conned  405,500.2006404 BTC out of potential customers.

That's an asinine amount of money. Or are there just that many suckers ?

thats bitcoin-24 inputs
my order was sent to a cedartec owned address and then it went through an empty address (bitcoin-24 cedartec account address generated at each deposit) then went to bitcoin-24 internals.
crazyearner
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May 03, 2013, 05:20:09 AM

seems all coins arriving to this address https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26

Total Received   405,500.2006404 BTC

then going out to

https://bitcoin-24.com/

make your own conclusion here people highly suspect my view. Creator of this rig how about I come to your business we meet in person you show me working product I then buy off you and then close the case of scam?Huh?

There is no way those people conned  405,500.2006404 BTC out of potential customers.

That's an asinine amount of money. Or are there just that many suckers ?


No cluce but trace it go fro mthe address person above said paid to and look where it goes

https://blockchain.info/address/12AAdcQPitiWmkJFm5FkjFeGWN5DKr53tc

payment out to for 6.2BTC

https://blockchain.info/address/1JjD2Y29xY3LhSDJWj1VJUBVUaa7C47tUF

now we look at that and both payments gone to

1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26


https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26


then sort order https://blockchain.info/address/1AnixjBYxpTzAmfSa8kRdBiUaSGV2e9d26?sort=1

thats a bucket of transactions coming from a hell of a lot of wallets.

then we have https://blockchain.info/address/1BTC24yVKQdQNAa4vX71xLUC5A8Za7Rr71

Even so theri going to bitcoin 24 all address going to same thing and i do not like what i see.

pretty much all related and going back to bitcoin 24 so who knows. All i know is thats a lot of bitocoin going though them addresses in short time. I know am not investing in this until theirs proof of working units in people hands as i do not trust this and theirs already photos poping up for other products using same cases just with the stuff different and can easly be photo shopped lol

anyway will be interesting to see how things go on here
Anonymousg64
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May 03, 2013, 05:28:56 AM

im 4 hours away from potentially sending them more bitcoins

should i?

they have gone further then both butterflylabs and avalon did in their first months.

manufacturing 65nm asic chips no longer costs millions, its a 8 year old process.

they plan on assembling 100 pcb a week

they currently have potentially enough for the mass production, i assume they have had additional investments before going public

only 2-3weeks until release, low cost for high hashrate

im buying with a friend, so the cost is negligible for such good potential returns



some of you have an interest in them not delivering, bfl clients, gpu miners or simply jelly

im currently locked in at 7.9btc
Xian01
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May 03, 2013, 05:33:46 AM

they currently have potentially enough for the mass production, i assume they have had additional investments before going public

Caveat emptor.
steamboat
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May 03, 2013, 05:34:52 AM

im 4 hours away from potentially sending them more bitcoins

should i?

they have gone further then both butterflylabs and avalon did in their first months.

manufacturing 65nm asic chips no longer costs millions, its a 8 year old process.

they plan on assembling 100 pcb a week

they currently have potentially enough for the mass production, i assume they have had additional investments before going public

only 2-3weeks until release, low cost for high hashrate

im buying with a friend, so the cost is negligible for such good potential returns



some of you have an interest in them not delivering, bfl clients, gpu miners or simply jelly

im currently locked in at 7.9btc
My opinion is this has scam written all over it. As horribly as bfl has performed, they still have a better track record than this company.

I think you saw a shiny website and some smooth words and got blinded by dollar signs.

I wouldn't send them a penny.

As far as being jealous, check my sig...

ASIC miners available for purchase

Those who serve best, profit most.
Anonymousg64
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May 03, 2013, 06:03:02 AM

im 4 hours away from potentially sending them more bitcoins

should i?

they have gone further then both butterflylabs and avalon did in their first months.

manufacturing 65nm asic chips no longer costs millions, its a 8 year old process.

they plan on assembling 100 pcb a week

they currently have potentially enough for the mass production, i assume they have had additional investments before going public

only 2-3weeks until release, low cost for high hashrate

im buying with a friend, so the cost is negligible for such good potential returns



some of you have an interest in them not delivering, bfl clients, gpu miners or simply jelly

im currently locked in at 7.9btc
My opinion is this has scam written all over it. As horribly as bfl has performed, they still have a better track record than this company.

I think you saw a shiny website and some smooth words and got blinded by dollar signs.

I wouldn't send them a penny.

As far as being jealous, check my sig...

not saying anyone is jelly, im saying people may potentially be negatively contributing intentionally due to reason of personal gain from such action.

their website is not well made, im a web developer.
the specs coincide with whats possible given 65nm process.
they have been replying to my concerns in due time and have followed through partially to my demand.
I say partially because the resulting images and video where quickly done without full regard of need to publish something that will not cast doubt.
I requested they use eligius.st, they say they will get public livestats up.

Altho i should wait for them to follow through with their promises, that would mean loosing my position tho.
So given the risks(well aware) im thinking of going through with my second purchase.
Anonymousg64
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May 03, 2013, 06:15:48 AM

https://blockchain.info/address/1CYGknA7mxSmTnJjPCQEMgh1L6Nx2c2Cy
dan99
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May 03, 2013, 06:22:24 AM

interesting to read some nice comments from a user with 23 posting, how much credibility can he get? may be he is working for their company?
torusJKL
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May 03, 2013, 06:32:05 AM

interesting to read some nice comments from a user with 23 posting, how much credibility can he get? may be he is working for their company?
Where 6 posts where in the Newbies forum and 17 postings about CedarTec.

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Anonymousg64
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May 03, 2013, 06:38:46 AM

been member lurker since june 2011

granted i would assume the same thing, how can i prove i am an independent agent acting on my own "free will" (no such thing in this deterministic universe)
steamboat
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May 03, 2013, 06:42:59 AM

Altho i should wait for them to follow through with their promises, that would mean loosing my position tho.
So given the risks(well aware) im thinking of going through with my second purchase.

I am going to give you the benefit of the doubt, and assume you aren't a throwaway acct designed to drum up sales.

That being said, you may want to take a look at this.
http://doyoudaveramsey.com/howtodefendagainstsneakysalestactics/

ASIC miners available for purchase

Those who serve best, profit most.
Anonymousg64
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May 03, 2013, 07:00:17 AM

im not trying to get anyone to buy, unless ofcourse they need more pre-orders to mass produce.
at this point im not really sure, they did say the pre-order really is just to test the public and that the 1000 number is really just an upper limit. They mention further plans after the pre-orders and selling the left over units.
you know how jelly all those bfl customers will be if cedartec is not a scam?
its really in my interest that no else buy more units, theyd be diluting my profits.
at the same time i want them to succeed, its either they are a scam to begin with, or are a scam upon some failure or actually deliver. i loose if they are a scam and i loose if they fail.
Anonymousg64
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May 03, 2013, 07:12:42 AM

btw, regarding the concerns for their domain
i have a theory as to why they are using an anonymized service and only one year for the domain registry.

they have mentioned that their webserver is run in their office
so the service they use really is just a proxy to their webserver
since they need the bitcoind service running this makes sense
ive also been bruteforcing the directorys on their webserver and can confirm its certainly not something from a host, its quite weak in handling lots of requests.
id imagine they would want to relocate and possibly change domain registrar in the near future once they are official.
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