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According to the latest news of 58COIN, the pre-sale of BitHash was already started in its App terminal and nearly 3,000 mining machines were sold in just five minutes after the activity started. What are you waiting for? Click on the app to purchase!
It is reported that since 58COIN officially announced on the 16th that it will soon launch a new business of “BitHash” that incorporates the sales of mining machines and related custody service, causing a heated discussion in the community and a large number of user consultations.
I believe that some investors are still fresh in the memory of the “mining machine sold by the pound” event. Why is the BitHash launched by 58COIN so hot? Reasons are shown as follow:
“A handy tool makes a handyman”. The powerful computing power, cost-effective, energy-saving S17 series mining machines can make more effective mining earnings. Therefore, the S17 series were sold out as soon as they were launched.
Reasonable product setting. BitHash combined the upstream and downstream of the mining industry, including mining machine manufacturer, mining pools and mine owners, solving both the purchasing difficulty of latest mining machines and the related custody service problems.
What attracts investors’ attention is the higher income-to-expenditure ratio. In BitHash, investors can enjoy stable mining services by paying mining machine fees, electricity cost, and management fee (temporarily free within 2019), among them, the electricity bill is also the lowest in the industry of 0.35 Yuan/kWh of thermal power, which is stable, cheap, and unaffected by the wet season or dry season.
Some professionals have taken S15 28T and S9 14.5T as examples to calculate the mining earnings and return periods of S17 and S17 Pro.
When the price of Bitcoin is maintained at 35,122 yuan (about $5,202) and the electricity bill is 0.3 yuan/kWh, the return period of S17 pro 50T is about 286 days. See the figure below for reference.
(Estimated Earnings and Return Period of S17 pro 50T)
Currently, it is hard to buy S17 series of mining machines on the market. This time, 58COIN launched a total of 4,719 mining machines with nearly no profit. If you plan to buy Antminer S17 53T, you only need to pay the USDT with an equivalent of 15,405 Yuan and the corresponding electricity bill to obtain the ownership of the mining machine, and all the fees involving transportation, installation, and maintenance will be borne by BitHash. After mining, you can enjoy both the mining earnings and miner fees every day.
The hot mining machine, the lowest electricity cost, stable thermal power, professional operation and maintenance, PPS+ earnings distribution model…so many advantages, what are you waiting for? As there are few mining machines left, so please open the 58COIN App and buy it!
Tips: Before purchasing the mining machine, investors should prepare enough USDT storage in BitHash Account, from where the mining machine fees and the electricity costs will be deducted.
Website: https://ww.58coin.com/
Facebook: https://www.facebook.com/coin.58COIN
Twitter: https://twitter.com/58_coin
Telegram: https://t.me/official58
I wanted to make this post of my experience as a warning to others, especially Canadians as they have limited buying options when investing (speculating) into cryptocurrencies. I understand the subject of cryptocurrencies are polarizing to many, but nonetheless, it's an emerging asset class that deserves discussion because there are many ways to lose your funds. This isn't the fault of cryptocurrencies themselves, but the result of user error, outright scams, social engineering, hacks, or in my case not being up-to-date on current events.
There are many scams in cryptocurrencies, but shady exchanges are a classic dating back to the legendary Mt. Gox hack where 850,000 Bitcoins were stolen (worth approximately $4.6 billion at the time of this writing). Or the most recent Canadian QuadrigaCX exchange hack where the CEO allegedly died in India carrying the only private key to 200 million worth of customer funds.
It seems that exchange hacks keep propping up in the news, so why then do they keep happening even in 2019? Because users are left with limited choices if they want to acquire cryptocurrency in the safest (ironic) and most convenient manner. In order to buy cryptocurrency, you first have to exchange it for fiat currency (USD, CAD, EUR). You could buy cryptocurrency from one of those Bitcoin ATMs you see at the mall but the fees are exorbitant and quite a few require ID as it is, so why not just sign up for an exchange instead? The next option is to buy them peer-to-peer in person for cash, but people feel unsafe dealing with strangers and large amounts of money. Further, liquidity would be an issue. This led to a boom of many cryptocurrency exchanges offering customers a place to buy and sell with the exchanges acting as the middle-man between users.
I've been away from cryptocurrency for a while and only came back recently. I've used the EZBTC exchange in the past without issues and decided I would use them again. What I didn't do upon my return was my homework on any updates/news regarding this exchange which resulted in my ordeal now. I noticed the website had an overhaul that now includes an express option for you to receive faster withdrawals if you deposited larger amounts (first red flag). I opted for the regular option I always used in the past and sent a small amount via eTransfer that was deposited in my account almost immediately (second red flag). In the past, my eTransfers regardless of amount took some time and up to many hours. Nonetheless, I made a purchase and initiated a withdrawal request that still hasn't been sent out to this day, and I am not the only one.
A condensed version of my story is that I got worried about my pending withdrawal with EZBTC and my emails/calls went unanswered. The live chat on their website was also disabled. I decided to tweet my situation to @ezBtcCanada and immediately got an email from the owner David Smillie himself urgently telling me to call him on a personal number. He deverified and suspended my account as a result of my tweets @tokenflair for "security reasons". After some talk (me saying I'll delete the tweets) he immediately reactivated and reverified my account again and said that my withdrawal will be taken care of the next day.
Fast forward to the next day and my withdrawal is still pending. Calls/texts/email go unanswered again. Live chat is still disabled. I proceed to send another tweet instead. Like clockwork, I get a response from David shortly after and he was livid. He threatened to sue me for defamation if I continued posting about my situation on public forums. I told him I'll be waiting for his letter. He stated that my account would be receiving a lifetime ban and I will not be receiving my withdrawal but I would get an eTransfer refund in 30 days, and all this information would be included in an email I was supposed to receive on Monday April 22, 2019. I still have not received any such email, and my emails/call/texts to him are again being ignored. The saga continues.
The most important piece of advice I can give when it comes to cryptocurrency is that what's true today, is not true tomorrow. You must stay up-to-date on current events in cryptocurrency because your investment could be at stake. In my case, EZBTC was exhibiting red flags and had many user complaints that I would have seen had I just done some research prior to sending my money. I was not up-to-date regarding the status of this "exchange".
David Smillie (owner of ezbtc.ca) operating under business # 1081627 B.C LTD. currently has 5 ongoing lawsuits against his company for unpaid funds:
You can get the latest information on all pending lawsuits against EZBTC here:
https://justice.gov.bc.ca/cso/esearch/civil/partySearch.do
List of numerous complaints against David Smillie and EZBTC:
https://files.fm/f/23ej52ff (David Smillie sued by Richard Godwin)
https://np.reddit.com/r/BitcoinCA/comments/bahzsm/another_bc_lawsuit_filed_against_ezbtc_1081627_bc/ (David Smillie sued by John Roberts)
https://np.reddit.com/r/BitcoinCA/comments/99fs6i/2_new_court_filings_against_ezbtc_in_the_past_week/ (More lawsuits)
https://np.reddit.com/r/BitcoinCA/comments/8mjtjb/amaa_exowner_of_ezbtc_resigned_when_i_realized_it/ (Ex-CTO of EZBTC blows whistle)
https://np.reddit.com/r/BitcoinCA/comments/b53zq3/please_sticky_this_post_im_a_developer_who_worked/ (EZBTC developer blows whistle)
https://np.reddit.com/r/BitcoinCA/comments/939ce2/40_days_and_counting_fiat_withdrawal_ezbtcca/
https://np.reddit.com/r/BitcoinCA/comments/926adi/ezbtcca_may_have_gone_bust_toronto_offices_have/
https://np.reddit.com/r/BitcoinCA/comments/973yrz/ezbtcca_is_likely_insolvent/
https://np.reddit.com/r/BitcoinCA/comments/98njea/worth_visiting_ezbtc_offices/
https://np.reddit.com/r/BitcoinCA/comments/901847/concern_regarding_ezbtc/
https://np.reddit.com/r/BitcoinCA/comments/9181nx/banned_from_ezbtcca_chatroomhave_not_rcvd/
https://np.reddit.com/r/BitcoinCA/comments/arnboh/ezbtc_will_my_girlfriend_ever_see_her_money/
https://coiniq.com/ezbtc-review/
https://np.reddit.com/r/BitcoinCA/comments/ao680q/what_are_customers_latest_experiences_with_ezbtc/
https://warosu.org/biz/thread/10773849
https://np.reddit.com/r/BitcoinCA/comments/bfqrv1/fortune_jack_here_regarding_david_smillie_and/
https://np.reddit.com/r/BitcoinCA/comments/b57fq9/ezbtc_terms_of_service_wayback_machine/
https://np.reddit.com/r/BitcoinCA/comments/arfa5x/ezbtc_is_so_fake_check_this_out/
https://np.reddit.com/r/BitcoinCA/comments/95rpl5/to_those_staying_silent_for_ezbtc_defamation/
I wanted to make this post of my experience as a warning to others, especially Canadians as they have limited buying options when investing (speculating) into cryptocurrencies. I understand the subject of cryptocurrencies are polarizing to many, but nonetheless, it's an emerging asset class that deserves discussion because there are many ways to lose your funds. This isn't the fault of cryptocurrencies themselves, but the result of user error, outright scams, social engineering, hacks, or in my case not being up-to-date on current events.
There are many scams in cryptocurrencies, but shady exchanges are a classic dating back to the legendary Mt. Gox hack where 850,000 Bitcoins were stolen (worth approximately $4.6 billion at the time of this writing). Or the most recent Canadian QuadrigaCX exchange hack where the CEO allegedly died in India carrying the only private key to 200 million worth of customer funds.
It seems that exchange hacks keep propping up in the news, so why then do they keep happening even in 2019? Because users are left with limited choices if they want to acquire cryptocurrency in the safest (ironic) and most convenient manner. In order to buy cryptocurrency, you first have to exchange it for fiat currency (USD, CAD, EUR). You could buy cryptocurrency from one of those Bitcoin ATMs you see at the mall but the fees are exorbitant and quite a few require ID as it is, so why not just sign up for an exchange instead? The next option is to buy them peer-to-peer in person for cash, but people feel unsafe dealing with strangers and large amounts of money. Further, liquidity would be an issue. This led to a boom of many cryptocurrency exchanges offering customers a place to buy and sell with the exchanges acting as the middle-man between users.
I've been away from cryptocurrency for a while and only came back recently. I've used the EZBTC exchange in the past without issues and decided I would use them again. What I didn't do upon my return was my homework on any updates/news regarding this exchange which resulted in my ordeal now. I noticed the website had an overhaul that now includes an express option for you to receive faster withdrawals if you deposited larger amounts (first red flag). I opted for the regular option I always used in the past and sent a small amount via eTransfer that was deposited in my account almost immediately (second red flag). In the past, my eTransfers regardless of amount took some time and up to many hours. Nonetheless, I made a purchase and initiated a withdrawal request that still hasn't been sent out to this day, and I am not the only one.
A condensed version of my story is that I got worried about my pending withdrawal with EZBTC and my emails/calls went unanswered. The live chat on their website was also disabled. I decided to tweet my situation to @ezBtcCanada and immediately got an email from the owner David Smillie himself urgently telling me to call him on a personal number. He deverified and suspended my account as a result of my tweets @tokenflair for "security reasons". After some talk (me saying I'll delete the tweets) he immediately reactivated and reverified my account again and said that my withdrawal will be taken care of the next day.
Fast forward to the next day and my withdrawal is still pending. Calls/texts/email go unanswered again. Live chat is still disabled. I proceed to send another tweet instead. Like clockwork, I get a response from David shortly after and he was livid. He threatened to sue me for defamation if I continued posting about my situation on public forums. I told him I'll be waiting for his letter. He stated that my account would be receiving a lifetime ban and I will not be receiving my withdrawal but I would get an eTransfer refund in 30 days, and all this information would be included in an email I was supposed to receive on Monday April 22, 2019. I still have not received any such email, and my emails/call/texts to him are again being ignored. The saga continues.
The most important piece of advice I can give when it comes to cryptocurrency is that what's true today, is not true tomorrow. You must stay up-to-date on current events in cryptocurrency because your investment could be at stake. In my case, EZBTC was exhibiting red flags and had many user complaints that I would have seen had I just done some research prior to sending my money. I was not up-to-date regarding the status of this "exchange".
David Smillie (owner of ezbtc.ca) operating under business # 1081627 B.C LTD. currently has 5 ongoing lawsuits against his company for unpaid funds:
You can get the latest information on all pending lawsuits against EZBTC here:
https://justice.gov.bc.ca/cso/esearch/civil/partySearch.do
List of numerous complaints against David Smillie and EZBTC:
https://files.fm/f/23ej52ff (David Smillie sued by Richard Godwin)
https://np.reddit.com/r/BitcoinCA/comments/bahzsm/another_bc_lawsuit_filed_against_ezbtc_1081627_bc/ (David Smillie sued by John Roberts)
https://np.reddit.com/r/BitcoinCA/comments/99fs6i/2_new_court_filings_against_ezbtc_in_the_past_week/ (More lawsuits)
https://np.reddit.com/r/BitcoinCA/comments/8mjtjb/amaa_exowner_of_ezbtc_resigned_when_i_realized_it/ (Ex-CTO of EZBTC blows whistle)
https://np.reddit.com/r/BitcoinCA/comments/b53zq3/please_sticky_this_post_im_a_developer_who_worked/ (EZBTC developer blows whistle)
https://np.reddit.com/r/BitcoinCA/comments/939ce2/40_days_and_counting_fiat_withdrawal_ezbtcca/
https://np.reddit.com/r/BitcoinCA/comments/926adi/ezbtcca_may_have_gone_bust_toronto_offices_have/
https://np.reddit.com/r/BitcoinCA/comments/973yrz/ezbtcca_is_likely_insolvent/
https://np.reddit.com/r/BitcoinCA/comments/98njea/worth_visiting_ezbtc_offices/
https://np.reddit.com/r/BitcoinCA/comments/901847/concern_regarding_ezbtc/
https://np.reddit.com/r/BitcoinCA/comments/9181nx/banned_from_ezbtcca_chatroomhave_not_rcvd/
https://np.reddit.com/r/BitcoinCA/comments/arnboh/ezbtc_will_my_girlfriend_ever_see_her_money/
https://coiniq.com/ezbtc-review/
https://np.reddit.com/r/BitcoinCA/comments/ao680q/what_are_customers_latest_experiences_with_ezbtc/
https://warosu.org/biz/thread/10773849
https://np.reddit.com/r/BitcoinCA/comments/bfqrv1/fortune_jack_here_regarding_david_smillie_and/
https://np.reddit.com/r/BitcoinCA/comments/b57fq9/ezbtc_terms_of_service_wayback_machine/
https://np.reddit.com/r/BitcoinCA/comments/arfa5x/ezbtc_is_so_fake_check_this_out/
https://np.reddit.com/r/BitcoinCA/comments/95rpl5/to_those_staying_silent_for_ezbtc_defamation/
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I have a developmental idea for a Privacy Assistant. Similiar to a Cortana or Alexa yet purely there to help the user out in terms of his anonymity and privacy.
This for one can help complete newcomers that are uninformed in the privacy world and need some assistance.
Two even if youre a veteran we all know Anonymity and Privacy are never ending task that require 100% focus everyday and no slip-ups in your opsec. This can be a reminder tool that reacts in real time to certain cues to help owner.
Obviously it would need to be pre-programmed for certain triggers and stored locally.
One implentation of it would be for instance when a... Fill in form pops up for a new website it would trigger the assistant reminding Owner to use a fake identity or for instance that hes already used this fake email perhaps try another.
Or maybe you try to click on yoir browser and your VPNs not connected. The assistant will trigger asking if youd like to connect before browsing.
Im sure you could think of a million more but these are just a few.
Also he should be able to give tips and guides to owner on perhaps how to mix bitcoin, best add ons for a browser, how to fake your death, how to sell counterfiet phones, how to properly setup a deep web drug market. The usual shit.
Also id like for him to be a miniature Grim Reaper with a friendly look to him and have blue or red eyes. And call him "Reaper".
Your personal privacy assistant.
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