Difference between revisions of "BitHashMiner"
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| − | }}'''BitHashMiner''' was a vaporware scam notorious for being very poorly executed, and persisting carelessly. A single product was offered, also called a '''BitHashMiner''', which was a preorder [[ASIC|mining rig]] with supernatural specs at an unrealistically low price. The scam has been labelled by onlookers as "thread gold",<ref name="noddy">{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10432636}}</ref> "hysterical",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10422048}}</ref> "the most blatant scam attempt",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10358912}}</ref> "the yoda sales force",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10371637}}</ref> "obvious scam",<ref>{{cite reddit|r=Bitcoin|title=BitHashMiner 10TH/s Bitcoin Miner|id=2umgwg|date=3 February 2015|post=https://www.reddit.com/r/Bitcoin/comments/2umgwg/bithashminer_10ths_bitcoin_miner/co9prao}}</ref> "mind blowing",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10386707}}</ref> and "half ass attempt to scam people".<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10392058}}</ref> It is remembered as the most futile scam attempt in Bitcoin history and is used as a textbook example of vaporware, helping people identify scams on their own. | + | }}'''BitHashMiner''' was a vaporware scam notorious for being very poorly executed, and persisting carelessly. A single product was offered, also called a '''BitHashMiner''', which was a preorder [[ASIC|mining rig]] with supernatural specs at an unrealistically low price. The scam has been labelled by onlookers as "thread gold",<ref name="noddy">{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10432636}}</ref> "hysterical",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10422048}}</ref> "the most blatant scam attempt",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10358912}}</ref> "the yoda sales force",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10371637}}</ref> "obvious scam",<ref>{{cite reddit|r=Bitcoin|title=BitHashMiner 10TH/s Bitcoin Miner|id=2umgwg|date=3 February 2015|post=https://www.reddit.com/r/Bitcoin/comments/2umgwg/bithashminer_10ths_bitcoin_miner/co9prao}}</ref> "mind blowing",<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10386707}}</ref> and "half ass attempt to scam people".<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10392058}}</ref> It is remembered as the most futile scam attempt in Bitcoin history and is used as a textbook example of vaporware, helping people identify scams on their own. |
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| + | The scam was an unintentional exhibition of many warning signs and red flags that deter potential victims. | ||
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==Hardware== | ==Hardware== | ||
[[File:BitHashMiner.jpg|thumb|The hardware render used on [[BitcoinTalk]]]] | [[File:BitHashMiner.jpg|thumb|The hardware render used on [[BitcoinTalk]]]] | ||
| − | The 9 lb. rig itself featured 10 T[[hash/s]] for $1000, with 25 20nm | + | The 9 lb. rig itself featured 10 T[[hash/s]] for $1000, with 25 20nm [[ASIC]] chips.<ref name="op">{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015}}</ref> There is a screen on the miner depicting a [[CGMiner]] instance with two graphics cards [[Scrypt]] mining in late 2013.<ref name="op"/><ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10340530}}</ref> There are also two 750W power supplies,<ref name="op"/> which weigh about 5 lbs. each,<ref>[http://www.amazon.com/Intel-ASR2500PS-Supply-Redundant-SR2500NA/dp/B000FSAA8O 750W power supply product listing on Amazon]</ref> meaning that the casing, fans, and chips must have negative weight, and could float away without the power supplies weighing them down.<ref>{{cite btct|id=944406|title=BitHashMiner 10TH/s Bitcoin Miner|date=2 February 2015|post=10372287}}</ref> |
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| + | There was an enforced limit of two items per buyer,<ref name="op"/> which is a telltale sign of a dishonest sale.<ref>{{cite journal|url=http://www.sundoginteractive.com/sunblog/posts/three-not-so-obvious-nominations-for-the-advertising-hall-of-fame|title=Three Not-So-Obvious Nominations for the Advertising Hall of Fame|first=Lee|last=Schwartz}}</ref> | ||
The rigs were offered with free shipping and a five year warranty, and were expected to ship in April.<ref name="op"/><ref>http://bithashminer.kinja.com/bithashminer-10th-s-bitcoin-miner-1684345699</ref> By February 12, the [[BitcoinTalk]] account of BitHashMiner was inactive and the website was down; no units ever shipped.<ref name="noddy"/> | The rigs were offered with free shipping and a five year warranty, and were expected to ship in April.<ref name="op"/><ref>http://bithashminer.kinja.com/bithashminer-10th-s-bitcoin-miner-1684345699</ref> By February 12, the [[BitcoinTalk]] account of BitHashMiner was inactive and the website was down; no units ever shipped.<ref name="noddy"/> | ||
Revision as of 17:54, 19 July 2015
BitHashMiner
| Industry | ASIC manufacturing |
| Founded | February 2, 2015 |
| Defunct | February 9, 2015 |
| Headquarters | India |
| Employees | 1 |
The scam was an unintentional exhibition of many warning signs and red flags that deter potential victims.
Hardware
The hardware render used on BitcoinTalk
The 9 lb. rig itself featured 10 Thash/s for $1000, with 25 20nm ASIC chips.[8] There is a screen on the miner depicting a CGMiner instance with two graphics cards Scrypt mining in late 2013.[8][9] There are also two 750W power supplies,[8] which weigh about 5 lbs. each,[10] meaning that the casing, fans, and chips must have negative weight, and could float away without the power supplies weighing them down.[11]
There was an enforced limit of two items per buyer,[8] which is a telltale sign of a dishonest sale.[12]
The rigs were offered with free shipping and a five year warranty, and were expected to ship in April.[8][13] By February 12, the BitcoinTalk account of BitHashMiner was inactive and the website was down; no units ever shipped.[1]
References
- ↑ 1.0 1.1 BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10432636.
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10422048.
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10358912.
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10371637.
- ↑ /r/Bitcoin thread 2umgwg. BitHashMiner 10TH/s Bitcoin Miner 3 February 2015. This post
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10386707.
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10392058.
- ↑ 8.0 8.1 8.2 8.3 8.4 BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015.
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10340530.
- ↑ 750W power supply product listing on Amazon
- ↑ BitcoinTalk thread 944406. BitHashMiner 10TH/s Bitcoin Miner 2 February 2015. Post 10372287.
- ↑ Schwartz, Lee. Three Not-So-Obvious Nominations for the Advertising Hall of Fame. http://www.sundoginteractive.com/sunblog/posts/three-not-so-obvious-nominations-for-the-advertising-hall-of-fame.
- ↑ http://bithashminer.kinja.com/bithashminer-10th-s-bitcoin-miner-1684345699
