Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)

Quote from: railzand on June 14, 2014, 07:10:24 AM

Quote from: xstr8guy on June 14, 2014, 06:52:01 AM

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:

Quote from: Brucexie on August 12, 2013, 09:48:31 AM

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:

Quote from: cryptograd on August 12, 2013, 10:36:27 PM

I guess he must be known in the Chinese community

I was following their progress on this miner for some time back in August/September 2013. They issued pre-order tradable shares for their first 1000 miners. Once they missed the deadlines (as many in this industry) they bought back the shares at the same BTC price they originally sold them (as per the agreement on their site - something, which many other in this industry didn't done). I thought about buying one of their devices and chat with some of their supports in a QQ chat group using the QQ translator (the same support group as this exchange: http://www.btctrade.com/). The supports were cooperative and they told me they won't ship outside of china, because the shipment is very expensive compared to the miner price and it may not ROI. I think they were honest back then and if those are the same guys the withholding happen by mistake, but facts are facts - they did not contributed to the pool.