So now, are we not going to ask the question... who are these bandits? They have developed their own ASICs, customized CGMiner and have a massive mining operation.
Are we not worried that they have released their malfunctioning crap to the public? How could they resist selling chips and generating extra revenue?
I think we can safely assume these are chinese-made. Could it be Avalon, BitMine A1, ASICMiner or some lesser known company?
Possibly the 'lesser known' bandit. Quoting his first post for posterity:
Smart bitcoin machine equipped with 40nm IC chip and was developed at the beginning of March this year; the production is scheduled by the end of October this year and each unit has speed about 200GH / s.
Chinese R & D team consists of engineers in Silicon Valley.
The first batch on pre-sale with the amount of only 0.06BTC/GH, the real lucrative price for the breakeven, and the delivery scheduled to be delivered at the end of October
If any delay happens, the user can choose to return all BTC or continue to wait.
Smart mining machine transactions platform
www.kuangjibi.com powered by BtcTrade.com sale transaction engine, and btctrade provide technical support and supervision of funds and refund guarantee.
Guarantee:
1, No reason to refund if project delayed.
2, pre-sale with Escrow
and here is his site from back then:
I guess he must be known in the Chinese community
Good work! I haven't even heard of them until now. I can't believe I missed this last year. So apparently they never actually shipped anything under the name SmartMiner?