Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: NotATether on April 04, 2024, 03:21:57 PM
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There are crypto scams everywhere, particularly on 1) Telegram and 2) when buying something, but what happens when you combine the two? It becomes a complete and total madhouse.
A Kaboomracks employee shares his tips on how to avoid getting scammed during this bull run. He seems to be a very smart guy, so I'm going to leave their website here for you to check our their inventory of (resold) mining equipment: https://kaboomracks.com/
Without further ado, here is the executive summary.
First, make sure the other party is a real person or authorized representative of the entity.
Second, You obviously should only buy miners from companies with a track record of being honest.
Third, It is almost impossible to sue entities in the eastern part of Asia, particularly China. Relevant because many miners like Bitmain are based in China, Hong Kong, Singapore, etc.
Fourth, Lower miner price = higher risk
Fifth, If you have a colleague or peer who might know about this seller, ask them for advice on if you should proceed with the transaction.
Last but not least is Hosting in the US is safer than hosting outside it.
My own addition to this would be: Avoid Telegram entirely and use a trusted platform like Bitcointalk for closing the deal.
The full, original post is here: https://stacker.news/items/493679