[2017-05-01]Alleged Mining Manufacturer Foxminers Accused of Being a Scam

[TwoTimes]

Last week a company that supposedly builds and sells mining devices had been exposed by the cryptocurrency publication the Merkle. The news outlet revealed evidence of shady activity stemming from the California-based company Foxminers.

Over the past few weeks, an alleged mining manufacturing company called Foxminers LLC has been issuing press releases to news outlets claiming to offer top of the line mining hardware. Foxminers claims to provide a miner with proprietary chips they created that can mine both Bitcoin’s algorithm as well as litecoin’s scrypt. However, with a little digging a lot of red flags pop up with this company, and just recently the Merkle publication ran two exposes on the websites sketchy behavior.

Read More Here >>> https://news.bitcoin.com/alleged-mining-manufacturer-foxminers-accused-scam/

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[panju1]

Last week a company that supposedly builds and sells mining devices had been exposed by the cryptocurrency publication the Merkle. The news outlet revealed evidence of shady activity stemming from the California-based company Foxminers.

Over the past few weeks, an alleged mining manufacturing company called Foxminers LLC has been issuing press releases to news outlets claiming to offer top of the line mining hardware. Foxminers claims to provide a miner with proprietary chips they created that can mine both Bitcoin’s algorithm as well as litecoin’s scrypt. However, with a little digging a lot of red flags pop up with this company, and just recently the Merkle publication ran two exposes on the websites sketchy behavior.

Read More Here >>> https://news.bitcoin.com/alleged-mining-manufacturer-foxminers-accused-scam/

Mining scams keep cropping up every once in a while. It is usually the cloud mining companies which operate like a ponzi scheme.
You can easily have fake photos/videos of mining operations.

[digaran]

This ain't cloud mining, they were selling ASIC mining machines very much like what bitmain does, I suppose their days must pass somehow either it's cloud mining, investment opportunities, double your bitcoins in 100 hours, double script, deposit 0.5BTC and play with 1BTC etc etc etc.
anyone blindly accepting such claims and offers seriously and think they're legit is equally stupid and to blame.
I also blame bitmain because of their recent scandals they have basically opened up doors for thieves and scammers as wide as Ver's big backdoor BU  being the mother of all bugs and exploits.
If little Wu wouldn't have screwed the community these scums would never had any chance to even compete with the well known and long established manufacturers.

BTW, those so called foxminers are not similar to zeus miners they are the same with only a hole being the difference between them .

[00hash01]

This ain't cloud mining, they were selling ASIC mining machines very much like what bitmain does, I suppose their days must pass somehow either it's cloud mining, investment opportunities, double your bitcoins in 100 hours, double script, deposit 0.5BTC and play with 1BTC etc etc etc.
anyone blindly accepting such claims and offers seriously and think they're legit is equally stupid and to blame.
I also blame bitmain because of their recent scandals they have basically opened up doors for thieves and scammers as wide as Ver's big backdoor BU  being the mother of all bugs and exploits.
If little Wu wouldn't have screwed the community these scums would never had any chance to even compete with the well known and long established manufacturers.

BTW, those so called foxminers are not similar to zeus miners they are the same with only a hole being the difference between them .

If you look at all the information of reality in its entirety, Everything can be much simpler and Careless. Well, if there really is a lot of money running around, it's very difficult and difficult to resist fraud.