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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 aboutFoxMiners, 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 isnt 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.

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Cryptocurrency Miner FoxMiners Rife With Scam Allegations - CryptoCoinsNews