THELOGICALINDIAN - Last anniversary a aggregation that allegedly builds and sells mining accessories had been apparent by the cryptocurrency advertisement the Merkle The account aperture appear affirmation of adumbral action stemming from the Californiabased aggregation Foxminers
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A Mining Manufacturer No One’s Ever Heard of Supposedly Creates Revolutionary Mining Devices
Over the accomplished few weeks, an declared mining accomplishment aggregation alleged Foxminers LLC has been arising columnist releases to account outlets claiming to action top of the band mining hardware. Foxminers claims to accommodate a miner with proprietary chips they created that can abundance both Bitcoin’s algorithm as able-bodied as litecoin’s scrypt. However, with a little digging a lot of red flags pop up with this company, and aloof afresh the Merkle advertisement ran two exposes on the websites coarse behavior.
On April 22 the anchorman JP Buntinx from the Merkle wrote an article alleged “Cryptocurrency Mining Scam Warning — Foxminers.” In the beat Buntinx capacity how no one has anytime heard of this new aggregation that allegedly sells dual-mining hardware. Furthermore, the Merkle columnist explains how the company’s proprietary mining dent alleged the FM9800-XD1112 allegedly offers technology and achievement like no other. Still, no one has heard of this chip, but the close does activity a spec sheet on the artefact and Vimeo video of a miner “in action.”
Forum Warnings
Unfortunately for the company, according to a scam warning on the appointment Bitcointalk.org users accept begin issues with Foxminers claims. For instance, the blueprint area provided for the FM9800-XD1112 is nearly identical to addition mining dent alleged SFARAD explains a agnostic on the forum. The two specs were additionally compared on the website Draftable for a ancillary by ancillary allegory absolute lots of similarities. The Bitcointalk affiliate writes:
Foxminers Threatens Crypto-based Publication With Litigation
Following the commodity appear by the Merkle, the advertisement was contacted by assembly of Foxminers. Two canicule afterwards the admonishing beat an email was beatific to the Merkle Editor-in-chief, Mark Arguinbaev allurement him to abolish the commodity accounting by JP Buntinx. The email blue-blooded “Defamatory agreeable abatement request” was allegedly beatific by a law close apery Foxminers alleged Sack Rosendin LLP. However, afterwards some investigation, Arguinbaev apparent the email was impersonating Sack Rosendin, as the absolute advocate appear to him that he never beatific any emails or heard of Foxminers.
Eerily Similar to UFOminers and Minerslab
Additionally, skeptics on the Bitcointalk.org cilia had alleged the acquaintance cardinal on the website which appear an answering apparatus message. However, instead of it adage Foxminers, the bulletin said “UFOminers” assuming a affiliation to addition so alleged mining accessory manufacturer.
UFOminers additionally has a lot of scam warnings on Bitcointalk.org, and added crypto-based publications accept exposed them as well. Moreover the aggregation UFOminers was begin to accept a affiliation to addition mining accessory architect alleged Minerslab. All three websites Foxminers, UFOminers, and Minerslab accept actual agnate websites alms mining accessory sales. Each website claims to booty a coffer transfer, but all three of them do not acquiesce this adjustment back advancing the end of the checkout process.
Bitcoin.com did alarm the Foxminer’s buzz cardinal twice, and no one answered. There was no answering apparatus bulletin as well. All three companies accept appointment posts accounting about them on Bitcointalk.org accusing the mining accessory websites of actuality scams.
Merkle Editor-in-chief: ‘UFOminers and Foxminers are 100% Operated by the Same Person’
We absitively to ability out to the Merkle editor Mark Arguinbaev to get his appearance of the situation. Arguinbaev says JP Buntinx was the aboriginal to ascertain the aggregation because they appeared on columnist absolution sections at Cointelegraph and added crypto-based publications. Buntinx again did some accurate analysis assignment which appear appointment capacity calling the aggregation a betray and some actual coarse business behavior was described.
“The aspersion blackmail began two canicule afterwards the aboriginal commodity was published,” explains Arguinbaev. “It came at about Saturday at 7 PM which is a actual abnormal hour for a “lawyer” to acquaintance someone. UFOminers and Foxminers are 100% operated by the aforementioned person. I accept Minerslab is additionally associated as I bethink seeing a transaction on a wallet charlatan from them.”
Arguinbaev additionally says that a few months ago a guy claiming to be from Nigeria asked him to abolish a betray allegation commodity from the Merkle website. The man offered him money and Arguinbaev banned his requests. “After I had banned he approved bribery me by cogent me he makes millions of these scams and will aloof alpha addition one,” explains the Merkle editor. “The affair is this guy’s English, and the way the Foxminers assembly address are actual agnate burst English. So I accept acumen to accept these are the aforementioned people,” Arguinbaev adds.
Stay Informed and Beware of Fraudulent Activities
Two weeks ago Bitcoin.com was additionally contacted about active a columnist absolution from the Foxminers company. The aggregation was asked to accommodate added affidavit of the mining devices. Foxminers replied aback to our offices with its video and PDF specs, which we begin bereft and Bitcoin.com banned the company’s requests.
We appetite our readers to be abreast of the achievability of counterfeit action and to use due activity back purchasing with any business alms articles that assume too acceptable to be true.
What do you anticipate about the accusations adjoin Foxminers? Do you anticipate the aggregation is legitimate? Let us apperceive what you anticipate in the comments below.
Images via the above-described company’s websites, Shutterstock, Pixabay, and the Merkle.
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