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Author Topic: Bitwats Miner  (Read 101 times)
stangboy68 (OP)
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April 23, 2021, 04:37:21 PM
Merited by Symmetrick (1)
 #1

Just do a google search, it's all over the place.  Has to be a scam.  Look at their specs:

https://bitwats.com/products/

BT
5000 USD
Bitcoin 360 TH/s
Litecoin 30 GH/s
Ethereum 2 GH/s
Monero 2 MH/s
Power Consumption: 550 W
CHIP: 5nm ASIC
PSU: Included
Warranty: 2 Years
Weight: 5 Kg
Size: 390mm x 150mm x 240mm
Socket: Universal 110v-240v

DBT
10000 USD
Bitcoin 750 TH/s
Litecoin 70 GH/s
Ethereum 5 GH/s
Monero 5 MH/s
Power Consumption: 900W
CHIP: 5nm ASIC
PSU: Included
Warranty: 2 Years
Weight: 8 Kg
Size: 400 x 195.5 x 290 mm
Socket: Universal 110v-240v

GBT
25000 USD
Bitcoin 2250 TH/s
Litecoin 210 GH/s
Ethereum 15 GH/s
Monero 15 MH/s
Power consumption: 2200W
CHIP: 5nm ASIC
PSU: Included
Warranty: 2 Years
Weight: 17 Kg
Size: 698 x 454 x 487
Socket: Universal 110v-240v
NotFuzzyWarm
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April 23, 2021, 10:54:02 PM
 #2

And no doubt there will be some folks that fall for it.
Don't suppose you reported the links to Google as scams...  https://developers.google.com/search/docs/advanced/guidelines/report-spam

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
stangboy68 (OP)
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April 24, 2021, 01:51:38 AM
 #3

The worst part is the shear amount of credible media outlets that discussed it.
NotFuzzyWarm
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April 24, 2021, 02:01:13 AM
 #4

If you means media outlets like coindesk et al -- they are NOT 'credible'. They are pay-to-play sites with near zero oversight of what folks pay them to present as 'news'. When you come across crap like that miner the best thing you can do is post a complaint comment about it as well as send a post to whatever they have that they call editors.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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April 24, 2021, 09:47:30 AM
 #5

If you means media outlets like coindesk et al -- they are NOT 'credible'. They are pay-to-play sites with near zero oversight of what folks pay them to present as 'news'. When you come across crap like that miner the best thing you can do is post a complaint comment about it as well as send a post to whatever they have that they call editors.
Exactly this. All those media outlets can be bought, some for few hundreds of dollars, some for morw but end result is the same - they can't be trusted.

Regarding this bitwats miners, if you use mining calculator it turns out that ROI for their miners is approximately one month, maybe a bit more. If those miners were really that good, no one in their right mind would sell them just yet, with them being so efficient.

Rule of thumb:if something sounds too good to be true=scam.

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JeromeTash
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April 24, 2021, 07:44:47 PM
 #6

And no doubt there will be some folks that fall for it.
Some have already fallen for the scam as seen by a number of complaints in reddit. I really don't know someone can just send money to random service without even carrying out a simple google search or asking a few questions in the Bitcoin mining communities if they are not sure.

https://www.reddit.com/r/BitcoinMining/comments/mutr1j/soooo_bitwats_be_scamming_people/gv9zr69
Quote
God fucking damnit. I just got scammed 2.123 eth. I feel like an idiot. They got me. I thought I was smarter than this.

https://www.reddit.com/r/BitcoinMining/comments/mutr1j/soooo_bitwats_be_scamming_people/gvj6rnh
Quote
I got scammed too for 9.793, it is still sitting there

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