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Author Topic: Xtract Tech- BEWARE  (Read 969 times)
wedwo
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October 25, 2017, 01:47:17 PM
 #1

https://xtract-tech.io/xt-b1-bitcoin-miner/
Too good to be true... yet another scam?

Quote
Domain Name: XTRACT-TECH.IO
Registry Domain ID: D503300000045429370-LRMS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: www.namecheap.com
Updated Date: 2017-10-18T20:50:44Z
Creation Date: 2017-09-14T20:06:46Z
Registry Expiry Date: 2018-09-14T20:06:46Z
Registrar Registration Expiration Date:
Registrar: NameCheap, Inc
Registrar IANA ID: 1068
Registrar Abuse Contact Email: abuse@namecheap.com
Registrar Abuse Contact Phone: +1.6613102107
Reseller:
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: serverTransferProhibited https://icann.org/epp#serverTransferProhibited
Name Server: PDNS1.REGISTRAR-SERVERS.COM
Name Server: PDNS2.REGISTRAR-SERVERS.COM
DNSSEC: signedDelegation
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VRobb
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October 25, 2017, 02:15:01 PM
 #2

At least the specs aren't pie-in-the-sky, endothermic chipped, unicorn fart burning nonsense!  This could be a credible unit, they're making boards of close to 10THs each?

I don't believe in superstition because it's bad luck
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Marbella_Broker
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October 25, 2017, 06:22:35 PM
 #3

They look very cool, but the power consumption looks brutal.

XT L1 Litecoin Miner: Power Consumption 6510W

XT B1 Bitcoin Miner: Power Consumption 9100 W

Cant see it being very efficient at actually mining BTC or LTC but maybe for the right alt coin it might be worht it. Still power consumption is brutal.
SilentMining
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October 25, 2017, 07:06:51 PM
 #4

They look very cool, but the power consumption looks brutal.

XT L1 Litecoin Miner: Power Consumption 6510W

XT B1 Bitcoin Miner: Power Consumption 9100 W

Cant see it being very efficient at actually mining BTC or LTC but maybe for the right alt coin it might be worht it. Still power consumption is brutal.

The B1 is more efficient than the S9 14TH model.  You would need 7.285 S9s to hit 102 TH/s.  But would require 9995.02 W.  Would like to see one of these in the wild before I buy one but this would be great in a rack style data center.
wedwo
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October 26, 2017, 09:49:24 AM
 #5

Are you guys not listening lol.
It's FAKE.
The domain was only registered a month ago yet they have 3 models for sale?

F-A-K-E
Scrappy Do
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October 26, 2017, 10:13:05 AM
 #6

Are you guys not listening lol.
It's FAKE.
The domain was only registered a month ago yet they have 3 models for sale?

F-A-K-E

 How can you say this based on the limited info you or anyone else has. Sure it looks damn good, and I am all in once they produce. But to call them a fake based on website creation alone... not really sure on this one.

 I will say this. In the US, I know a person can leave a company, and be bound by a NDA (Non Disclosure Agreement) but that does not mean one cannot change company's and take a position in a totally different position. If you catch my drift.

 Absolutely, until they show something they are not getting a damn dime of mine, but..... I will not simply dismiss them on a website creation date.

 Shit changes, and it changes FAST. Those that can adapt tend to do better than those that need it wrote in stone. Smiley

 Quote that.

Scrap'
wedwo
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October 26, 2017, 01:10:33 PM
 #7

I'm calling it fake based on probabilities.
A company NOBODY has heard of produces 3 of the most powerful miners anyone has produced by far and at a cost way cheaper than anything else out there... and they have been doing R&D on 3 units quietly in the background and suddenly all 3 are out there for sale
Anyway, anyone willing to part with their $4k is welcome, just make sure you come back here to say I should have listened.
PORN_coin
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October 26, 2017, 01:59:14 PM
 #8

this should be interesting
 because in our time, a lot of projects that develop software
but very few Hardware projects

Scrappy Do
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October 26, 2017, 02:04:00 PM
 #9

I'm calling it fake based on probabilities.

What probabilities? Your extensive knowledge of the ASIC chip? You are not backing this up at all with any real information.

Quote
A company NOBODY has heard of produces 3 of the most powerful miners anyone has produced by far and at a cost way cheaper than anything else out there... and they have been doing R&D on 3 units quietly in the background and suddenly all 3 are out there for sale

 Wouldn't be the first time. Did you say the same thing when BITMAIN launched? Oh wait you have 9 posts here... sorry.

Quote
Anyway, anyone willing to part with their $4k is welcome, just make sure you come back here to say I should have listened.

 Got it. You are new to the forum, and dictate what every company in the world can do.

 Seriously though. I am not trying to bust your balls at all. Any of us Ol' School miners know the deal, and risks. But please try be more objective than "I TOLD YOU SO". We all have been down that road, and again I in no way support or know anything about them. But.... I do know stranger things have happened. One example is Scrypt is ASIC proof. Remember that? Probably not. But that used to be a belief, much like yours right now.

 Scrap'
darkshad
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October 26, 2017, 09:17:27 PM
 #10

So I don't know what questions to ask, but has anyone contacted the company and gotten any good/decent answers?

ie. who started the company and their background, questions about the chips/chip manufacturing process, etc.


wavelengthsf
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October 26, 2017, 09:23:01 PM
 #11

They put an address on their page - 26 Nanling Industrial ZoneMiddle Rd | Guangzhou, 510000 China

Any one in Guangzhou want to go investigate?
SilentMining
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October 26, 2017, 10:00:08 PM
 #12

I would be in for 10-15 if they worked as advertised.
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October 26, 2017, 10:02:56 PM
 #13

As I've often said here before in many similar threads:

The 'How to prove they are a REAL miner maker' Mantra:

a. Do the Tradeshow route to get (legit) press coverage to show the general public you at least built something. God knows how many there are but several huge ones are held throughout the year all around the world.

b. Start an official <insert company name> thread here for announcements and LEGIT press coverage links.

c. Solicit very-well known reputable users here to do a review of it with the usual conditions: Send it to them gratis, they do a yay/nay/meh review of it with pictures and screenshots. After a week or 2 of testing the reviewer will then either return it or if they really like it - pay for the one they were sent.

d. Notice I used the words 'LEGIT Press coverage' several times: The most often used Pay-for-Placement route scammers always use is WORTHLESS for proving they have a credible product. What the PR agencies hired by scammers do is simple -- they wait for the scammers check for services to be rendered to clear then simply write the press release then spam all 'news' outlets willing to publish the PR blurb on their sites. Sad to say most cryptocoin 'news' sites do zero checking to see if the product advertised even sounds credible much less exists at all.

Until the above happens - they shall forever remain Vaporware and probable scam.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
notsofast
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November 01, 2017, 01:24:51 PM
 #14

You can create miners, and then make your website later once they're named and branded and ready for sale/distro.

Not saying they're real or fake, just that your "evidence" is meaningless.

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Scrappy Do
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November 02, 2017, 04:00:47 AM
 #15

 So, with all the IF's out there, how does this one stand?



 IF you cant even run an email server, what the hell makes us believe you can sell a working miner?

 Scrap'
Steak12
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November 04, 2017, 03:58:53 PM
 #16

Any news about this miner?
Nobody can say if it's a fake or not?
NotFuzzyWarm
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November 04, 2017, 05:20:33 PM
 #17

 Roll Eyes
Your question should be is it real or not? In the crypto world a new Wonder Miner must ALWAYS be assumed to be a scam until real proof is provided by the scammer maker. None deserve any thoughts of 'maybe' unless the manufacturer has a long proven track record of satisfied customers and verifiable reviews.

For bitcoin to succeed the community must police itself - Joshua Zipkin aka Joshua Alexander leaked AMT A1 miner skype chats
How a miner mfgr SHOULD operate: HaggsFIN trip to Canaan My info useful? Donations welcome! 1Fuzzyk398kDWVjuC5qPX5v6CjSkvbgAbd
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
QuintLeo
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November 04, 2017, 06:36:48 PM
 #18

There is no way a WEB site should be down due to problems with an email server.

 I detect a very strong STENCH OF SCAM.

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Scrappy Do
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November 05, 2017, 09:13:33 AM
 #19

There is no way a WEB site should be down due to problems with an email server.

 I detect a very strong STENCH OF SCAM.


 And then this..... Tell me how they say webforms caused the issues, yet they come right back and say send in a webform... Smiley

Scrappy Do
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November 05, 2017, 09:32:50 AM
 #20

 Well shit, I guess I missed the boat. Cannot believe they actually sold out... Or did they...

Scrap'

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