Scam Alert
In their offer document, BitHarp claims to have two products, the Lyre, and Harp miners, with a hash rate of 335 TH/s and 2000 TH/s respectively. Bitmain’s most efficient miner, the S17e, can only muster 64 TH/s of computing power. This was the first red flag which unfortunately was picked up on after the initial report.
BitHarp claims that their miners can seamlessly switch between Bitcoin, Ethereum, Litecoin, and DASH. This would mean the device can shuffle between encryption functions of SHA256, Ethash, Scrypt, and X11. As pointed out a detailed thread on BitcoinTalk, there is no mining rig in the market capable of doing this.
The company lists two corporate addresses: one in New Zealand and one in Canada. A user from BitcoinTalk went as far as visiting the address the company had listed for New Zealand, and it was a residential property. Another source on the forum claims that the address listed as their Canadian quarters is an office rental service. Additionally, the company is not incorporated in either of the two countries.
Despite the false corporate information, a little bit of research alone indicates that product specs are close to impossible to achieve at this point. While there definitely could be a small company, somewhere out there, that has found a more efficient way to mine cryptocurrency, it is unlikely that said company would run their business in such an opaque manner.
A number of video reviews and independent blogs have also called out BitHarp for their misleading marketing.
btcmanager.com/bitharp-scam-misleading-specs-falsified-information/
Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. -G. Washington
