concerns about a potentially stolen ASIC

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0xNodeMember
Posts: 4 · Reputation: 153
#1Nov 29, 2018, 10:33 PM
Hey everyone, I have a bit of a strange question. A buddy of mine just picked up an ASIC from someone privately, and after the deal, the seller mentioned that it might have been stolen or something like that. Now, we can't get in touch with the guy anymore, and my friend says the ASIC is working fine. So my question is, if this ASIC is indeed stolen, is there any risk for him? I mean, since it connects via ethernet, could it be traced or what?
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dave365Member
Posts: 8 · Reputation: 94
#2Nov 30, 2018, 09:35 AM
You might be risking. If I were you, I would avoid using the ASIC. There have been instances where stolen Bitcoin miners have been tracked down Why do you think he sold the stolen miner to you and cut off contact?
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ben2009Member
Posts: 1 · Reputation: 53
#3Nov 30, 2018, 12:35 PM
Honestly depends on where the miners were stolen, and from whom. The chances of it getting tracked are greater than zero and instances like the one linked above have taken place. He might get lucky and nothing happens, however, it is not a good idea to use stolen property for any use, let alone mining. Even if he mines to a hardware wallet, the funds will be dirtied.
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Posts: 1 · Reputation: 107
#4Nov 30, 2018, 06:15 PM
Everything that is connected to the internet can be tracked. Using or purchasing stolen devices is also not a good idea. I would suggest you to get rid of the ASIC because it can cause issues.
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