Advice for new users regarding CLOUD MINING - page 5.

Puppet

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Quote from: picolo on December 12, 2014, 05:31:36 PM

You have to study the business and consider the risk/reward ratio : if you can double up but the risk of failure is 10% it's still a good bet.

First of all, its an absolutely loathable bet, if you know what it is you are doing: betting the scam will get enough victims for you to get a few crumbs of the loot.
Secondly, its not a good bet, its a stupid bet. AFAIK, even the largest and longest running mining ponzi (pb) didnt come close to doubling the investment of even the earliest investors. Your chances of doubling with the current flock of scams, like the one you tout in your signature is 0. The chance of failure is 100%.

picolo

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Quote from: DARKANGEL6415 on December 12, 2014, 11:27:45 AM

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

Well said i agree to that but lets hope nothing like this happens to this or anyother company i hate seeing people out of work due to layoffs and so forth Cry

You have to study the business and consider the risk/reward ratio : if you can double up but the risk of failure is 10% it's still a good bet.
Cex.io is strong but has high costs, they are not competitive anymore. The new cloudmining sites are unknown but offer great prices and low maintenance costs, your choice!

MrTeal

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Quote from: DARKANGEL6415 on December 12, 2014, 02:26:40 PM

Quote from: MrTeal on December 12, 2014, 11:30:12 AM

Quote from: kotwica666 on December 12, 2014, 11:26:58 AM

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

So it is almost impossible to find the line between business and simply scam Cheesy

No, not really. The guy selling $3000 speakers out of the back of a white van for only $500 is a scam. BestBuy.com is not a scam. That doesn't mean that if I place an order on BestBuy they couldn't go into receivership before it ships and I'm left in the cold without my awesome new speakers. It's not likely, but not impossible.

lol if you buy $3000 speakers from back of a white van from some dude who is all twitching for $500 with no bar code numbers. I would assume they are stolen but if i choose to buy them then risk on me

Nah, white van speakers aren't stolen, they're just shit.
http://en.wikipedia.org/wiki/White_van_speaker_scam

DARKANGEL6415

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Quote from: MrTeal on December 12, 2014, 11:30:12 AM

Quote from: kotwica666 on December 12, 2014, 11:26:58 AM

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

So it is almost impossible to find the line between business and simply scam Cheesy

No, not really. The guy selling $3000 speakers out of the back of a white van for only $500 is a scam. BestBuy.com is not a scam. That doesn't mean that if I place an order on BestBuy they couldn't go into receivership before it ships and I'm left in the cold without my awesome new speakers. It's not likely, but not impossible.

lol if you buy $3000 speakers from back of a white van from some dude who is all twitching for $500 with no bar code numbers. I would assume they are stolen but if i choose to buy them then risk on me

kotwica666

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Activity: 2282

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Quote from: MrTeal on December 12, 2014, 11:30:12 AM

Quote from: kotwica666 on December 12, 2014, 11:26:58 AM

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

So it is almost impossible to find the line between business and simply scam Cheesy

No, not really. The guy selling $3000 speakers out of the back of a white van for only $500 is a scam. BestBuy.com is not a scam. That doesn't mean that if I place an order on BestBuy they couldn't go into receivership before it ships and I'm left in the cold without my awesome new speakers. It's not likely, but not impossible.

Yes of course. But when you take BestBuy.com and some "NewWebsite.com" and you will find this same product. Price and shipping will be better on NewWebsite. More people think " they are new, they want to bring clienst - let's give them chance".. and bum!

MrTeal

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Quote from: kotwica666 on December 12, 2014, 11:26:58 AM

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

So it is almost impossible to find the line between business and simply scam Cheesy

No, not really. The guy selling $3000 speakers out of the back of a white van for only $500 is a scam. BestBuy.com is not a scam. That doesn't mean that if I place an order on BestBuy they couldn't go into receivership before it ships and I'm left in the cold without my awesome new speakers. It's not likely, but not impossible.

DARKANGEL6415

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Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

Well said i agree to that but lets hope nothing like this happens to this or anyother company i hate seeing people out of work due to layoffs and so forth Cry

kotwica666

legendary

Activity: 2282

Merit: 1035

Quote from: MrTeal on December 12, 2014, 11:13:06 AM

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

So it is almost impossible to find the line between business and simply scam Cheesy

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: l3sny on December 11, 2014, 02:04:05 PM

CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

Of course they can fail. That doesn't mean they're a scam, but like any business there's non-zero chance that they will go bankrupt and the customers will be left holding the bag. Only bankers get to work for companies too big to fail.

That being said, given their business model I don't think it's very likely they will fail.

l3sny

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Activity: 859

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CEX can't fall. They can only stop paying due to high maintenance fees but it is very unlikely.

DARKANGEL6415

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Quote from: kotwica666 on December 10, 2014, 06:18:55 AM

Quote from: malaimult on December 09, 2014, 11:54:13 PM

Quote from: kotwica666 on December 09, 2014, 08:04:36 PM

Quote from: l3sny on December 09, 2014, 06:14:39 PM

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

We will see.. But in longer term can happen that trustworthy services will fall as well. Maybe even Cex.io. And thinking like this can be wrong. But to find out we must wait..

I would somewhat doubt that cex will ever turn scam. They have essentially proven that they have physical hardware that backs the GH/s that is for sale. Their identity is somewhat less hidden by the fact that some people have received physical miners for their GH/s. Also they are expanding into other markets (for example becoming an exchange) which gives them alternate ways to profit from acting honestly

if cex.io fell, it would be disastrous for all cloud mining services.. still there are people who rent their hardware .. but it seems that less and less ..hopefully that never happen..

this is true would be like world ending in my eyes Cry

kotwica666

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Activity: 2282

Merit: 1035

Quote from: malaimult on December 09, 2014, 11:54:13 PM

Quote from: kotwica666 on December 09, 2014, 08:04:36 PM

Quote from: l3sny on December 09, 2014, 06:14:39 PM

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

We will see.. But in longer term can happen that trustworthy services will fall as well. Maybe even Cex.io. And thinking like this can be wrong. But to find out we must wait..

I would somewhat doubt that cex will ever turn scam. They have essentially proven that they have physical hardware that backs the GH/s that is for sale. Their identity is somewhat less hidden by the fact that some people have received physical miners for their GH/s. Also they are expanding into other markets (for example becoming an exchange) which gives them alternate ways to profit from acting honestly

if cex.io fell, it would be disastrous for all cloud mining services.. still there are people who rent their hardware .. but it seems that less and less ..hopefully that never happen..

malaimult

hero member

Activity: 658

Merit: 500

Quote from: kotwica666 on December 09, 2014, 08:04:36 PM

Quote from: l3sny on December 09, 2014, 06:14:39 PM

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

We will see.. But in longer term can happen that trustworthy services will fall as well. Maybe even Cex.io. And thinking like this can be wrong. But to find out we must wait..

I would somewhat doubt that cex will ever turn scam. They have essentially proven that they have physical hardware that backs the GH/s that is for sale. Their identity is somewhat less hidden by the fact that some people have received physical miners for their GH/s. Also they are expanding into other markets (for example becoming an exchange) which gives them alternate ways to profit from acting honestly

DARKANGEL6415

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Activity: 672

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Quote from: kotwica666 on December 09, 2014, 08:04:36 PM

Quote from: l3sny on December 09, 2014, 06:14:39 PM

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

We will see.. But in longer term can happen that trustworthy services will fall as well. Maybe even Cex.io. And thinking like this can be wrong. But to find out we must wait..

wow pretty scary words IF cex.io was to go down i dont know what me and i would say alot of other people would be doing or panic mode. It is prety safe to say despite prices cex.io is still considered king in cloud mining / trade exchange as they have proven themselves over time and share information

DARKANGEL6415

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Quote from: Puppet on December 09, 2014, 06:07:52 PM

Quote from: DARKANGEL6415 on December 09, 2014, 06:06:12 PM

what i am getting used to is diff drop lol i see it dropping again to negative Cool

Yeah rub it in, why dont you..

lol i didnt win no bet yo never got me lol so im not rubbing it in i really am happy as i am sure even you are even if lost bet for difficulty drop. Well i would hope you would be happy anyways on drop not on loss Cry

Borntostun

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Activity: 70

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I've been through many of these providers and LTCGear is the only one that has gained my confidence thus far . . .

kotwica666

legendary

Activity: 2282

Merit: 1035

Quote from: l3sny on December 09, 2014, 06:14:39 PM

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

We will see.. But in longer term can happen that trustworthy services will fall as well. Maybe even Cex.io. And thinking like this can be wrong. But to find out we must wait..

l3sny

hero member

Activity: 859

Merit: 1000

Quote from: kotwica666 on December 09, 2014, 01:14:11 PM

Quote from: l3sny on December 09, 2014, 12:03:21 PM

No way I do not believe in 0.0011/GH/s in VIP offer and 9% referrals. I think it is scam.

So you say that someone is a scammer because he sells at a low price?

So cloudmining.website is scam as well, because price there is 0.01 BTC/GHS.. And when price is 0.013 that is not scam?

Exactly this is what I think. Can you sell your shares or get off of it in any way?

0.0013/gh is a reasonable market price I would say. It may bring ROI in BTC provided you buy the hashing power early enough and that diff will be dropping to the point of the BTC price going up sharply. I think buying GH/s now is a very safe bet.

So PBmining saga finally has reached its destination... lots of shit ahead of us...

cloudmining.website is an obvious scam as well. Same cloudminr.io. We will see those ponzi/fractonal mining services dropping like flies with diff going down.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: DARKANGEL6415 on December 09, 2014, 06:06:12 PM

what i am getting used to is diff drop lol i see it dropping again to negative Cool

Yeah rub it in, why dont you..

DARKANGEL6415

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Activity: 672

Merit: 500

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Quote from: Puppet on December 09, 2014, 02:53:37 PM

Quote from: kotwica666 on December 09, 2014, 02:44:57 PM

Yep you have right

Get used to it.

what i am getting used to is diff drop lol i see it dropping again to negative Cool

Topic: Advice for new users regarding CLOUD MINING - page 5. (Read 44275 times)