Sounds like they used a lot of the right buzzwords — “AI-driven”, “low-cost hosting”, “Proto rigs”. Classic red flags for a mining pre-order, especially when hardware isn’t shipping yet. Thanks for sharing, this kind of breakdown helps others avoid the same trap.
Rough story. I'm sorry to hear they turned out to be scammers. At this point, I have to admit it seems like any hosted mining setup is just not worth it. At best profits are eaten away by costs and fees. At worst it's just a scam.
That is very generous of you. I will see what happens after Proto/Block Inc. legal team has reviewed the case. I sent them all the evidence on their request, so that might lead to some kind of resolution if they put pressure on OneMiners.
If not, my "AI Grok lawyer" has suggested different legal paths like a small claim suit in Texas, which is apparently not too expensive.
Since this is my mistake, I own it, and I would rather avoid taking sats from other people because of it.
Thanks. I think there is a chance at least. Proto/Block Inc. requested all my evidence for their legal team to review, which I sent them. They probably don't like their brand being used to scam people, so hopefully something can come from that...
It looked like a solid deal: full ownership, resale rights, AI-driven Smart Mining for extra profits, and hosting in Nigeria at some of the lowest electricity rates around.
Lol, if the company was based in Nigeria it would've been a huge red flag, certainly.
However, OneMiners, or Circlehash LLC which is the company name, is based in Austin TX. They have mining centers all over the world, including Nigeria, which I choose because of dirt cheap power...
Sounds like they used a lot of the right buzzwords — “AI-driven”, “low-cost hosting”, “Proto rigs”. Classic red flags for a mining pre-order, especially when hardware isn’t shipping yet. Thanks for sharing, this kind of breakdown helps others avoid the same trap.
"based in Texas"
Rough story. I'm sorry to hear they turned out to be scammers. At this point, I have to admit it seems like any hosted mining setup is just not worth it. At best profits are eaten away by costs and fees. At worst it's just a scam.
Thanks for sharing your story for the rest of us.
Yea, expensive lesson for sure...
you should set up a kickstarter?
I will donate
That is very generous of you. I will see what happens after Proto/Block Inc. legal team has reviewed the case. I sent them all the evidence on their request, so that might lead to some kind of resolution if they put pressure on OneMiners.
If not, my "AI Grok lawyer" has suggested different legal paths like a small claim suit in Texas, which is apparently not too expensive.
Since this is my mistake, I own it, and I would rather avoid taking sats from other people because of it.
donations are not theft
it's not like Somalis in Somalia or MN
Lol, agreed. I can handle small legal fees myself, but maybe I will set up a Geyser crowdfunding if needed, or something similar...
Geyser, even better
or send us your lightning address
or do both
didn't Geyser fold recently?
Did they??
only the ones based in Africa
I looked into hosting with a couple guys in Iowa
They have a YouTube channel and they belong to a couple Mining groups on Telegram
I decided not to because of the capital expense
You should check out Rigly or Braiins for buying and leasing hashrate, i.e. mining without buying any equipment
I feel your pain scams are a foot! Hopefully you were able to recover
Thanks. I think there is a chance at least. Proto/Block Inc. requested all my evidence for their legal team to review, which I sent them. They probably don't like their brand being used to scam people, so hopefully something can come from that...
Hosting in Nigeria was not a red flag?
Lol, if the company was based in Nigeria it would've been a huge red flag, certainly.
However, OneMiners, or Circlehash LLC which is the company name, is based in Austin TX. They have mining centers all over the world, including Nigeria, which I choose because of dirt cheap power...
Understood
you should host a kickstarter