Ezacoin is (or was) a cloud mining provider based in Bangkok, Thailand. It's fairly new provider as they opened their service on september 2017.
https://www.ezacoin.com/In October, after seeing photos and images of their mining equipment and facilities on their social media pages decided to give it a try with couple of small contracts.
https://www.facebook.com/pg/ezacoin/photos/https://www.facebook.com/pg/ezacoinmining/photos/https://twitter.com/ezacoinAs of today my mining power with them is 7,8 TH/s. For those contracts I paid them total of ~0.285 BTC @ $239 per TH/S, 2 year contracts. So far I've been paid out ~0.063 BTC
http://image.ibb.co/iFqOkR/ezacoin_2.pnghttp://image.ibb.co/b8jSC6/ezacoin_1.pngEverything went smoothly until yesterday when I noticed that earnings were not credited to my Ezacoin internal wallet. Thought it was just a glitch until encountered this on their facebook page
http://image.ibb.co/dsRPs6/ezacoin_3_scam.pnghttps://www.facebook.com/ezacoin/posts/837409379763795Now doing short calculation with today's Bitcoin value I should get back 7.84 x $239 / $18 716 = ~0.1 BTC
Let's add that to what they already paid me: 0.063 + 0.1 = 0.163 BTC.
So I paid 0.285 BTC to get back 0.163 BTC. At todays rate $2000 loss for me. That's if they'll ever pay even that what they promise on their Facebook update. Otherwise it's 0.222 BTC loss.
So basically their customers paid those S9's for them and now when bitcoin is peaking and profitability all time high, they kick them out to get all the profits. I'll recover for sure, but I feel terrible for locals, as most of them have not that much money and many of them might lost big part of their life savings with this.
Sure, they could have just exited and paid nothing, but still this is a rip off. And yes, they promised a dollar value back what we paid for the contracts, but no one would have paid them with their Bitcoin if they knew that the end result will be this. No one.
I don't know how many customers they actually have, as propably 99% of them are Thai and they have their own channels to discuss these matters, but if there's Thai users browsing this thread I'd love to hear if it's possible for foreigner to file a police report online outside of the country?
There are some photos of their facilities that may help to recognize the address they are located. For example this transformer should be fairly easy to locate by Bangkok local authorities by contacting electricity company:
http://image.ibb.co/ntQEQR/eza_power.jpgAnother transformer. Their facility is on right behind the transformer:
http://image.ibb.co/k8FpQR/eza_power_2.jpgTheir facility:
http://image.ibb.co/fgwPs6/eza_facility.jpghttp://image.ibb.co/kfd9QR/eza_facility_2.jpgThey'll propably do this again with a new domain whenever they need money for new hardware. Locals should go and teach them a lesson they'll never forget.
Edit:
Keywords Ezacoin scam, Eza coin scam, Ezacoin.com scam
