Topic: [ANN] Zcash Cloud Mining by Zeropond (Read 4176 times)

unfortunately seems really scammy so far.

fuck me, zeropond giving half the speed vs genesis mining at the same price.. what a scam

zeropond this real mining in zcash or only ponzy site
how much minimum investment in zeropond
and how much return if investment in there

if good sold out all item so nothing people investment again

yes but unfortunately their hashrate is pretty low compared to other.

Anyone getting paid here ?

Down. Sub zero.

Think about it, enormously anticipated tech largely untested on a global scale. It will endure a number of major 'hiccups' technically before it can be seen as sufficiently robust for investors to want to hodl it long-term.

There is already talk of heavily-leveraged long positions at prices which are probably not going to be achieved until it has at least recovered from the shock of its first network failure, which hasn't happened yet. Those positions are going to start getting expensive to keep open and as the market settles lower and lower there will be people who begin to realise that the first major bug has yet to even be found, meaning that when it does there will be further drops in the price, short-term at least, offering a more predictable leveraged short opportunity.

Essentially you'll have a market saturated by traders who will have massive short positions ready to fire up at a moments notice and when they do, which they will, it will be a race to the bottom followed by consolidation and a settling period where everybody licks their wounds and wonders why the fuck they didn't treat this cryptocurrency market like every other cryptocurrency market. Because that is ultimately what it is, just another cryptocurrency market.

Add to that this questionable 10% 'Founders' reward which people generally think is way too high, and the currency as a whole starts to look less appealing.

Trading started at the theoretical valuation 10-20 folds higher than BTC marketcap.

Any comments to the next price direction?

Yeah that zcash market looks like it is going to go to ridiculous numbers for a codebase which has yet to undergo real-world conditions.

yep seems legit...but they could still be legit and incompetent. also so many factors affecting whether it will ROI or not. I mean if no opensource GPU miner is released before launch then investing in zeropond should pay off as they will have clear cut advantage...but others are working on GPU now and the launch may be delayed. USD$ price of coin as well... which is currently 0.08X btc on futures market...that is about $50 usd per zcash coin. A price like that will bring out the Chinese miners in force

It appears that 10 days ago he referenced his account here as being him and his posts over there are clearly for real so, yeah, I think we can say it is legit. I'll remove the warning.

they are very active on the zcash forum, seems legit 

To cut all the long storied short, we should not invest in this program because the admin have a dual personality and there is is a good chance of getting scammed.

bump

Connecting this thread to same zcash forum thread:


https://forum.z.cash/t/zcash-cloud-mining/1723/88


@cryptodevil: Thank you for your effort and service to community.

Says another formerly dormant account.
:facepalm:

Look, I get that the real Tim Olson is a stand-up guy and extremely skilled, I'm not doubting that. My issue concerns long-dead accounts suddenly resuming activity on this forum, talking about a cloud mining site they are setting up. I ask for someone to vouch for this TimOlson account and you send another long-dead forum account to do so!

'Cloud Mining' scams have stolen hundreds of millions of dollars-worth of bitcoin from investors during the time period your two accounts have been inactive. There is *every* motivation for scammers to do the same with ZCash.

Look, just get @zooko to tweet that the bitcointalk 'TimOlson' account is legit and you're good.

Yes, this may be tedious for you and you are probably used to people just appreciating the work you do and not questioning your trustworthiness, but this forum has been widely abused by very intelligent and devious fraudsters in numerous ways to con people out of huge sums of money.

The question is not whether Tim Olson is trustworthy, it is whether the 'TimOlson' bitcointalk account is actually Tim Olson.

That's all.

I'm glad to vouch for Tim! This is indeed the real Tim Olson - the one I've known and worked with for several years. With his skills, he builds and delivers real, innovative solutions... and would have nothing to do with scams.

Jump on the Zcash slack and ask Zooko Wilcox if I am for real.  Surely he qualifies as a luminary.  zcashcommunity.slack.com @zooko

So you want me to prove you are legit?

No, that's not how this works.

Your account has been inactive for two years. Since then this forum experienced a hack of its passwords. The onus is on you to do the convincing, not require others to.

Sure, I accept that.  But no-one has tried to email me at [email protected] or [email protected] or tried to contact yvg1900 on Twitter via PM or anything like that.  So if you are not going to bother following up with proofs that I've offered, then you shouldn't continue slinging mud.

And you created that Zcash forum account when?


I'm making an observation which neither concerns how bad a website looks, nor how good. I explained that the term you use to describe your website might mean something entirely benign to you, mining in a 'pond' being compared to fishing, but it also could refer to suckering people in to capitalise on the zcash interest. It is an extremely careless use of language in relation to a potential scam minefield.

Understand this simple fact, the majority of 'cloud mining' operations are and have been nothing more than fractional mining/ponzi scams. Some have been so successful they have managed to steal tens of millions of dollars-worth of bitcoin. The surge of interest surrounding the imminent release of ZCash mainnet is just another opportunity for scammers to invest a little time and money in creating a supposedly legitimate setup of online personae in order to conduct their next scheme.

Add in the fact it involves truly anonymous cryptocurrency and you have the perfect storm for both the operation and ultimate exit for scam services.

That's why you need to accept that before anything else, you have to provide reasonable proof of who you are and that you are trusted by reputable people.