Are there any pictures of the mine?
I find it hard to understand how this isn't an obvious ponzi scheme.
Hashrate is 1.1btc/th (-9% to vip users with referals), and even the most conservative estimates (5c/kwh, 0.5w/gh, zero overhead) indicates that there are at least $180/year in costs. A more realistic estimate (0.7w/gh, 7c/kwh, minimal overhead) put costs at over $365/year.
Unless fees are implemented out of the blue to recoup these costs, this makes no sense.
I think they said pictures of the mine should arrive.
They could have a really good deal on hardware and they may be ready to invest some money in the beginning to become bigger; when they got big enough they will ask for some maintenance fees at least for new contracts.
I think it would be great to have the pictures. I definitely understand the amount spent to promote the site
and its a great strategy. i invested a small amount in the beginning, and is have already got around 20-25% return.
i agree with this pictures are a good thing for alot of people. Would preffer a video even if it is like 30 seconds of quick walkthrough showing miners and all that good stuff i am sure that will make people happy. Also people are always happy to see live miner stats from cloud mining and also allow people to plug in own miners like ghash.io allows people to do and still cloud mine off cex cloud shares
Not just a good thing - it should be mandatory. Even then, these forums have seen dozens of ponzi schemes and cut/run scams in the past year. One that sticks out was a guy that sold hosted miners (s1 I think) with photos of his room with 16+ units. After selling the hosted rights for most of them, be disappeared. Never came back.
Things that seem too good often are. Be cautious about paying 100% upfront for something you don't have visual proof of or control over. Just because you're getting trickle payments doesn't mean you'll still be getting them next week/month/year. It's pretty much the exact definition of a ponzi
Cloudminr has been acting very professionally, paying on time and they have great support. They have used escrow for their signature campaign and offer attractive rates and no maintenance fees which guarantees ROI.All this is why a lot of trusted members of the forum have trust them and bought GHS with them. Everyone should study and have its own criteria to invest.
If you wait for a company to be more established and if you are more careful, you have less chance of losing your investment but the earliest investors will get the most profit.
I have no idea what about the above statement makes cloudminer.io any less likely to be a ponzi scheme. There are only two realistic scenarios:
1) these guys are taking massive losses in the first year because they do not charge any fees. 1BTC invested and at least 90% of that cost goes directly into the cost of hardware. There will have about a 1.1BTC payout in the first year, and these guys will take a $200+ loss because there are no fees. The next year the investor would get 0.4BTC (approx) and these guys are still down another $200+. They would be bleeding money. That leads to the second scenario
2) maintenance costs will be implemented suddenly and unexpectedly. There is no money being made if they actually run hardware with no costs to cover power expenses. They will undoubtedly implement fees sooner than later. will that be $50/TH/month or $200/TH/month? Its not even hinted at. When these fees are implemented - your only options will be to pay them or surrender your hashrate to them.
OPTION 3) Give me $100 today, and I'll give you $1 every day for 110 days. Thats a 10% return in just over 3 months!
20 people sign up in the first day - I have $2000 on hand. I pay out regularly, $1/person/day for several weeks. after 100 days I have paid out all the dollars, but now have 50 more people signed up because the first guys are reporting that they got full payment back. Thats $5000 in my pocket, enough to continue the charade for another 2 months and pay back the second group on 50 people over 90% of what tey invested - and it seems like this is totally legit, so more people sign up. Soon I have $50,000 in my pocket, but will have to pay out over $80,000 in debt over the next 100 days. I delete my website and disappear.