THELOGICALINDIAN - Everyone should be alert of scams on the mining accouterments bazaar They assume to beproliferating These betray sites acquire a agilely bearded appearance of angary They arise accurate and honest Without some abstruse accuracy or ability of red flags to investigate anyone can become a victim
Also read: Ripple Market Capitalization Soars, Surges Past Ethereum
Potential buyers are not the 
only victims, though. Account organizations and added websites accept accidentally advertised accouterments scams in their columnist releases, aural account articles, and as popup ads on their pages—which puts added bodies at risk.
For instance, Cryptocoins News published a columnist release on May 15 declared to be placed by Knc Miner… but the aggregation has harbored a ambiguous acceptability anytime back afore their bankruptcy proceedings last year. Coinmarketcap.com additionally acquaint a accidental ad popup for Knc Miner, and Cointelegraph additionally appear a adaptation of the columnist release.
Prior to delving added into this KnC mining quagmire, what are some abeyant accouterments scams barter or account organizations should be abreast about? What should barter and added organizations attending for that demonstrates the mining emperor has no clothes? What are the red flags?
Potential Hardware Mining Scammers and Red Flags
There are at atomic three abeyant accouterments scammers currently ambuscade on the bazaar with acclaimed and able attractive webpages. These include, Foxminers, Knc-Miner, and Ufominer.
The commonality amid these accouterments scams is they offer deals or technology that is too acceptable to be true. Everyone who mines bitcoin, Litecoin, or any added cryptocurrency wants the best accessible accessories for the most affordable price. However, buyers and added absorbed parties should be alert about these deals. There are several red flags that announce these pieces of accouterments apparently do not abide and companies who acceptation to advertise them are acceptable fictitious.
Foxminers
Foxminers said their equipment can abundance both Scrypt and Sha 256. This is declared to be the aboriginal dual-mining hardware. However, there is no accepted technology in existence, and no one has appear advanced with a apparatus active this capability.
Their website buy awning says, “Chip Quality: 28nm SHA-256 & Scrypt Dual ASIC Designed By FoxMiners.”
Jamie Redman, autograph for 
bitcoin.com, additionally advised their counterfeit activities. He said, “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.”
Everyone be aware, though. Their website looks accepted and professional, but they are not operating in a cellophane manner. It appears they are alone leveraging a able “grab quick banknote by night” scheme.
Ufominers
Another elegant-looking accouterments betray armpit goes by the name “Ufominers”. Their website says,
Even admitting the declared aggregation talks a big game, several organizations accept appear out to catechism the angary of Ufominers. Educational armpit 99coins pointed out a Ufominers accord that was too acceptable to be true.
They said, “their best powerful product is the Nekrosminer that has a whooping 85TH/s for aloof $4,800 (~$57 for 1 TH/s). For comparison, the best avant-garde accepted miner on the bazaar today food about 14 TH/s for about $2,000(~$142 for 1 TH/s). So you can see why their action would assume actual lucrative.”
These types of appraisement and ability alterity red flags are one of the best accepted indicators of a betray on the market. Anyone absorbed in purchasing a mining rig should accede these deceptions. This pricing-to-power red banderole is why Ufominers is acceptable addition counterfeit aggregation affectation legitimacy.
Knc-Miner
The Knc-Miner betray armpit is 
probably one of the best accessible scams to break into contempo limelight. As mentioned, the “company” appear a press article about the improvement of their business. Cryptocoins Account has the columnist absolution banderole as “KnC Miner Returns With Improved Mining Product for Sale!”
However, the miner suffers from the aforementioned power-price alterity that acts as a red banderole for a scam. The Knc website claims their new Titan accouterments has bifold the acceleration of the old one. This application alone 1 of the aboriginal 5 boxes bare to accomplish bisected that acceleration with the aboriginal Titan.
This is an accessible betray to those with a agog eye. The best able miner advancing out on the bazaar is an Antminer that mines at the acceleration of 375 mh/s, and the declared 750 mh/s is aloof not accessible with accepted technology for bartering mining.
Knc Miner Quagmire, Organization Among Miners, and Staying Aware
Bitcoin.com additionally dug added 
into the Knc Miner betray quagmire and apparent the declared Swedish area buyer for the site has already angry it over to the police. The owner, Sten Oscarsson of Gogreenhost, runs Knc’s old abstracts centermost afterwards affairs the defalcation estate, and tells Bitcoin.com he is calling for an alignment amid miners to advice action these types of scams aural the ecosystem.
This, however, does not beggarly annihilation will appear to the “company.” It is now aloof broadly accepted the armpit is affected and based on the address of counterfeit mining rigs. In this sense, all these agnate betray sites are now actuality appear as fakes.
Key Takeaway: Staying Vigilant of Scams
The key takeaway from this advice is anybody understands there are an alarming cardinal of betray sites agriculture up. Anniversary one purports to advertise mining accouterments that functions above accepted abstruse agency at ridiculously low prices, and anniversary intends on demography their barter money without accouterment a artefact in return.
Customers charge abide acute and watch for these types of red flags. Make assertive the aggregation is acclaimed and that it absolutely exists. Protect the abridged book. Stay alert and acute of scams. The fraudsters, charlatans, and crooks are everywhere.
Do you apperceive anyone who has been ripped off by a fraudulent mining accouterments company? Tell us the adventure in the comments area below.
Images address of Shutterstock, knc-Miner.com, and foxminers.com
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