Post
Topic
Board Mining speculation
Re: SHA-256 Bitcoin ASIC hashrate verification?
by
sarcheer
on 05/11/2018, 19:36:33 UTC
I remember there being a product a few months ago that had some extraordinary cliams - I will try to find it.

The machine had to be pointed to their pool, and you accessed the miner status page via their website. The miner looked like a couple s5's taped together IIRC. In the end it was assumed this was a long CON, You would essentially be cloud mining. The machines you ran may not do anything more than turn on and connect to the pool.

So I really won't trust any gear that forces you to mine to their pool; or only provides access to the miner via their website.

[...]

ASICMINER did the same thing. Water-cooled and claimed ridiculous stats, which it delivered for one random tester on youtube, but it soon "broke." You managed everything through their website, there was no local management.