Quote from: tnathe on November 13, 2013, 07:24:02 PM

how can you be so sure? They can claim it hasnt mined but half the surety amount and you have no leg stand on to prove otherwise. Can you ask for a current status? I would love to jump in on this but as you tell i have my reservations about this being a scam.

Btw, i too would be more than happy to remove my post of our email exchange if this turns out to be legit. Unfortunately i do not have big pockets so would not see it feasible to pursue a lengthy and costly lawsuit.

Please keep us updated on your progress!good luck!

1 more thing: google street view does not show this location to be a likely candidate for a datacenter, whicj is exactly what would be needed to pull off a successful endeavor such as this. Not to say they dont have co-location elsewhere, just thought it worth mentioning.

I'm tracking the supposed hash rate and difficulty to see how many coins it should be mining per day. It was supposedly online as of 11/4, so the 5 miners together should have mined over 6 bitcoins per day (6.25THash/Day). Do I have any proof of any of this? No. All I do know is that I'll supposedly be getting bitcoins delivered to me on December 15th since it will absolutely hit the surety amount by then. If I don't receive them, I'll pay one more payment for the month of January. If I don't receive anything on January 15th, then I won't be making any more payments, since they broke the lease terms. I will then begin the process of taking legal action against them.

Honestly, it's very likely that this is a scam. I had a lawyer look over the lease before I even signed it, and there are a few unenforceable provisions in it, specifically related to waivers and arbitration. At the minimum they are easily bypassed. He has also made public comments about aspects of his business that are not contained in the lease, and he would be held responsible for them . The real kicker is that this lease is supposedly between myself and "Leasebit, LLC". On the lease contract it states that "Leasebit, LLC" is a Delaware Limited Liability Company. There is no entity "Leasebit, LLC" registered in Delaware, California or any state for that matter. There is also no EIN registered. This actually makes any lawsuit easier because I can go after him directly. "Rowan Salter" uses a variety of different names to do business. My lawyers have already located a home address and are aware of a few of his different aliases.

I knew most of that information before I signed the paperwork.

We also know the bank the funds were deposited into, and are currently trying to figure out the account number. They are fairly sure the checks were deposited using one of those applications on your phone that allows you to take pictures of the check. They're also confident that there is no business account at that bank with the name "Leasebit, LLC", which makes sense since you can't open a business account without any documentation.

Whatever the outcome of all of this is, it's going to be an interesting ride. I've taken action against a few different companies for fraud, and won all of them. I'm still receiving money from one of the judgements. This would be much more cut and dry than any of those cases though, so I'll be making money even if this is a scam.