Quote from: ASIC-K on September 02, 2013, 07:47:15 PM

Quote from: Anenome5 on September 02, 2013, 07:46:16 PM

Based on how this has rolled out and wound down now, I'm assuming it was a confidence scam designed to fool a 3rd party into releasing a large sum of money into Adbi's hands. Who can say whether it was successful or not, but it's pretty clear there never was and will not be a miner from Xcrowd.

No doubt this forum played a part in making the company appear legitimate and to have mainstream interest in buying, and all it took was the magic word 'escrow' for many of you to throw caution to the wind and place orders.

yup, you win sir. oh well....

As I said;

Quote from: Bitcoinorama on August 23, 2013, 11:44:42 PM

No, I never said that. I said if legitimate, and if they have private equity funding, as they have claimed, that escrow only facilitates placing those funds in cold storage so to speak. They in effect are preventing you from then spending monies on their direct competitors should a more preferable alternative appear, like purchasing a product in stock should a company clear it's backlog, or a new entrant appear, or alternatively if they suffer a setback, or delay, depending on what the terms of the escrow are.

Certainly from an engineering design stance, those products look wayy too over engineered. I doubt the renders would be final products, and perhaps that questions their legimacy further.

It's a strong visual industrial design concept, but the flaw lies within the amount of parts. Xcrowd are not claiming to use the latest gen chips, they have an even smaller finite period of use.

When you design a product concept for retail, you make it aestheically pleasing.

When you finalise the chosen design you ensure it retains as much function as possible whilst reducing the number of parts.

Why?

Because more parts = greater expense which is needless, and more points of failure which is untenable in the long run. If parts fail, or break they will lead to loss of function of the miner = loss of profit for the miner = headache and more expense for both the miner and the company manufacturing/selling to the consumer.

When I studied engineering I hated taking my beautiful concepts and having to remove aesthetically pleasing design for boring practicality, but it's a necessity, especially if building in volume for a product where failure is critical. Also these need to be assembled, and fast, more parts = loss of time, more inspection, more hands to employ, and more expense w.r.t. assembly, bearing in mind these guys intend to undercut and compete on margins.

Which is why unflattering metal boxes with a few fans and a chip populated pcb board is the way to go...