Complete ASIC supplier due diligence using company, domain, payment, stock, warranty, sanctions, shipping and fraud checks before placing a material order.
ASIC supplier due diligence tests whether the business taking payment is genuine, authorised, able to supply the offered hardware and accountable under workable terms. It is separate from checking the miner specification. A UK buyer should verify the legal entity, people, domain, bank or wallet instruction, stock evidence, warranty, logistics, sanctions exposure and independent history before a material payment.
ASIC supplier due diligence is strongest when no single signal carries the decision. Reconcile registry, people, domain, stock, contract, payment and delivery evidence, then record the residual risk and approval.
A miner is checking ASIC supplier due diligence. Recheck the beneficiary, authorised contact and delivery position immediately before payment because a genuine earlier review cannot detect a later account compromise or last-minute substitution.
get the full legal name, registration number, registered and trading address, VAT number where claimed, directors or authorised representative and official contact routes. Search the relevant registry directly.
Compare incorporation date, filing status, accounts and stated activity with the offer. A newly formed entity is not automatically fraudulent. But it has less operating history and may justify stronger payment protection.
Confirm that the trading name and domain belong to the entity. Fraudsters copy company numbers, invoices and website text from real businesses. Contact the company using a channel found independently rather than the number inside an unexpected message.
For overseas entities, use the official local registry and get advice where documents or enforcement are unclear.
Review domain age and ownership indicators cautiously, corporate email configuration, published phone numbers and consistent staff identities. A free mailbox for a substantial order needs explanation.
Search exact phone numbers, email addresses, beneficiary names and copied phrases. Treat social-media followers and review totals as weak signals unless individual transactions can be verified.
Ask a technical question that requires knowledge of the exact model, condition and cooling version. Generic answers can reveal that an intermediary has not confirmed stock.
Keep communications in a controlled business system. Disappearing messages and private staff accounts make later reconciliation difficult.
Request dated photographs or video showing the specific quantity, model labels and serials, with a challenge chosen by the buyer. For used machines, request live local and pool performance plus condition disclosure.
Evidence can still be fabricated. So combine it with site or warehouse verification, a trusted inspection agent, manufacturer channel checks or staged payment where the order justifies the cost.
Ask whether the seller owns the goods, acts as agent or will procure them after payment. Check for finance, liens, customs holds or third-party title claims where relevant.
Record substitutions policy. A different hashrate bin, cooling system or PSU can make the product unusable even when the series name looks similar.
| Evidence | Must match | Exception control |
|---|---|---|
| Registry | Legal entity and status | Documented adviser review |
| Contract | Seller and authorised signatory | Authority evidence |
| Invoice | Goods, entity, tax and terms | Corrected invoice |
| Bank account | Expected beneficiary | Independent confirmation |
| Crypto address | Approved destination and network | Dual verification and test |
| Delivery | Named consignee and Incoterm | Written allocation of risk |
A payment to a different person or country is not automatically fraudulent. But it creates a serious verification requirement. Do not accept an explanation only from the channel that requested the change.
Verify bank-detail changes through a known person and published number. Use dual approval and record the confirmation. For cryptoasset payment, check network, address, amount and contract treatment because recovery may be impossible.
Avoid artificial urgency. Stock and market prices move, but a legitimate commercial process can still support independent checks.
Identify the party responsible for defects, the warranty start date, covered parts, exclusions, return authorisation, repair location, shipping risk and remedy. A link to a manufacturer page does not necessarily create a seller obligation.
Confirm new, used or refurbished status in the contract. Record whether manufacturer seals, third-party firmware or previous repairs affect coverage.
Use precise delivery responsibilities. State who books freight, clears customs, pays duty and VAT, insures the goods and carries risk at each point. Incoterms should be named with version and place where used.
Inspect promptly and follow the agreed damage and fault process. Delayed evidence can weaken a legitimate claim even where legal rights remain.
Screen the entity and relevant owners against applicable sanctions lists and internal policy. Consider export controls, restricted destinations and the hardware’s route, particularly in cross-border transactions.
Review litigation, insolvency, regulator warnings, unresolved complaints and consistent after-sales evidence. Distinguish a documented dispute from an anonymous accusation.
Check privacy and data handling where identity documents are requested. Do not send passports or company records through an unverified chat account.
For a material order, use legal, tax, customs and insurance advisers appropriate to the route. Due diligence is proportionate, not identical for every £500 and £500,000 purchase.
ASIC supplier due diligence is strongest when no single signal carries the decision. Reconcile registry, people, domain, stock, contract, payment and delivery evidence, then record the residual risk and approval.
get the full legal name, registration number, registered and trading address, VAT number where claimed, directors or authorised representative and official contact routes.
Review domain age and ownership indicators cautiously, corporate email configuration, published phone numbers and consistent staff identities.
Request dated photographs or video showing the specific quantity, model labels and serials, with a challenge chosen by the buyer.
ASIC supplier due diligence is strongest when no single signal carries the decision. Reconcile registry, people, domain, stock, contract, payment and delivery evidence, then record the residual risk and approval. A company number or convincing photograph can be copied. Independent contact, matched payment and specific performance evidence are harder to fake together.
Recheck the beneficiary, authorised contact and delivery position immediately before payment because a genuine earlier review cannot detect a later account compromise or last-minute substitution.
Use The Mining Shop UK verification and policy pages as a benchmark for the evidence a specialist ASIC supplier should make available.
Reconcile company record, trading name, website, invoice and payment beneficiary. A real company number alone does not prove that the person contacting you controls it. Verify stock, serials, condition, title and live test through evidence proportionate to the order. Do not rely on copied photographs or urgency.
Bitcoin ASIC Compatibility made simple. Compare performance, power, cooling, noise and practical risks before choosing or operating mining hardware.
Practical guide to SEALMINER A4 review, covering efficiency and wall power. Compare costs, measured performance and site fit before buying hardware.
Unproven home ASIC launch review: assess an unproven home ASIC launch through manufacturer identity, samples, specifications, certification, firmware, delivery.
Join the ASIC Mining Discussion
Members can read and join the discussion
Log in to read comments from other miners. Create a free account if you would like to ask a question or share your experience.
Membership helps us protect the discussion from spam and keep answers useful.