Note: This is a precursory article, as the company has said they will be shipping units next week, and that there will be reviews and proof after that point. Nonetheless, we have decided to release the details we have now so that aspiring miners can make their own decisions regarding FoxMiners hardware.
The Bitcoin industry is so filled with scam artists, its instant and cash-like nature being attractive to them, that a given firm trying to enter the space is often marked guilty until proven innocent. While that may be what is going on with all the chatter about FoxMiners, it seems there are some legitimate reasons to be suspicious:
A company representative has said they will be shipping orders beginning Monday next week. Little of their story makes any sense, but we as journalists are charged with reporting the truth, so we will have to follow the story and see what happens. Our anonymous complainant makes a good point, however, saying:
I never received a receipt for payment, or any kind of notification. As stated, code on their page just rondomises a bunch of preprogrammed wallet codes, so there is no way for them to know who paid what. Generally for a Bitcoin transaction to occur for an online transaction, a wallet address would be generated and unique for each payment, so the supplier would know who is paying. I cannot see anyway that this isn’t a scam.
Stay tuned. As far as we can tell, this could either be a great new mining company or another massive mining scam. Unfortunately there are no Bitcoin police, so stories like this will remain common for the forseeable future, and the best we can do is encourage our readers to know your provider, research anything that seems too good to be true, and, when possible, never pre-order anything.
Featured image from Shutterstock.
DAO.Casino Automates Trust in Online Gambling with Blockchain Technology
The increasing number of online gambling platforms has made it hard for people to differentiate between the ones that are genuine and those that arenât. However, there is a solution that makes
131 Countries: BitPay Goes International With Bitcoin Prepaid Visa Card
BitPay is expanding its prepaid bitcoin card offerings to more than 100 new countries.
Unveiled today by BitPay chief commercial officer Sonny Singh at Consensus 2017, the Visa-branded offering ena
Consensus 2017: 'The Future Is Here' For Blockchain's Cross-Border Impact
The use of blockchain to conduct business across international lines has long been seen as a major application for the tech – but where it offers the most benefits is still open to debate.
Consensus 2017: Enterprise Ethereum Alliance Puts Blockchain Privacy Into Focus
Privacy and confidentiality are big-ticket priorities for the Enterprise Ethereum Alliance, ethereum-focused consortium launched in February.
The group – which last night announced the addition of
Bitcoin jumps $200 in single day and has nearly doubled in May on surging global demand
Bitcoin added more than $200 Monday at one point amid a major New York conference on digital currencies, following a surge in weekend interest from Asian investors. The cryptocurrency briefly
Exchanges Are Weak Point of Cryptoworld, NVO Will Change It
Exchanges are the achilles heel of the cryptocurrency world. Unlike a stock market, where securities are held by a custodian bank and your cash would be in your bank account, in many cryptocurrency
Enterprise Ethereum Alliance Announces Technical Board
The Enterprise Ethereum Alliance, an organization comprised of the some of the most prominent names in blockchain, recently announced its inaugural Technical Steering Board. Focused on building out Et
Bitcoin Price Blitzes Beyond $2,200; USD Markets Reign
The rampaging run continues as bitcoin price soars above $2,220 to new uncharted heights led by trading in US markets.
“Bitcoin Price Could Leap over $2000 in 2017” read a CCN headline citing Danis