Are you thinking of buying Bitmain mining hardware? Have you ever thought about the risk of buying this? Do you know about Bitmain Scam? OK, let me help you.
Nowadays, Bitcoin has burst impressively into the economic division like burning fire. A lot of people are highly interested to enter the mining industry as the price of Bitcoin is skyrocketing day by day. Bitmain, which has led a sudden interest in a plenty amount of people and rebuked people to enter the mining industry, which is one of the most top manufacturers of the Bitcoin mining industry. But, recently, a lot of people are gossiping about the Bitmain scam. So surely there are some risks of buying Bitmain mining hardware and in this article, I will tell you what the risks are.
Many people accuse that the product I mean the mining hardware they have purchased is faulty. But as Bitmain has the "No refunds" policy, the people have no chance to get the real flawless mining hardware.On the other hand, you need to invest a lot of money because the mining hardware is so expensive. Not only the price is high but also the maintenance cost is too high. So definitely, there is a risk of your money.
If you get the faulty product, at least you can console yourself. But there are some cases that people sent them a wire transfer for a product, went to the bank and got the SWIFT and everything which they uploaded, and then their order's status changed to expire and within hours Bitmain started taking new orders. What do you think? Isn’t it the Bitmain scam?
Now, think that you have got the flawless mining Hardware from Bitmain with a high price and you have the capability of maintenance it. But what about your security? Security is just an illusion, you need your coins' security, right?But you will be astonished to hear that Bitmain can remotely shut down almost all of the active Antminer machines. Even if the company had no bad intention of doing anything wrong, this is a huge gaping security hole,”
The company also acknowledges the existence of this characteristic, stating:
"This feature was intended to allow the owners of Antminer to remotely shut down their miners that may have been stolen or hijacked by their hosting service provider, and to also provide law enforcement agencies with more tracking information in such cases. We never intended to use this feature on any Antminer without authorization from its owner. “Can you imagine? How risky it is!
If you want to contact them about these matters or problems they will reply you with the same message again and again. What I am trying to say is they have extremely poor email support.
Lastly, think about the BTC price dropping. Let’s forget about other problems. Just think you order a Bitmain mining hardware at current BTC price. You have to wait 3-4 months to get it. Do you think by that time BTC price will remain same? As it is down warding, It is easily understood that the price will be half as now. When you pay the price is high, when you will earn the price is half? Terrible. Isn’t it?
So, what do you think now about the Bitmain scam? Wait, I am not trying to discourage you. Just trying to help you think about the risk of buying Bitmain ming hardware.