Topic: [ANN] Zcash Cloud Mining by Zeropond (Read 4204 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.

Yah we didn't really put any work yet into the top-level site.  We've been working on the pool and faucet for the community, and we put some work into the splash page for mining.  See buy.zeropond.com.  Or come ask around the Zcash community about us: forum.z.cash and especially the Slack community zcashcommunity.slack.com

So are you saying that a good-looking website is not a scam?  Or that a bad-looking website must be a scam?  Or what exactly?

A twitter account which has been inactive since 2015? Plus an equally dead forum account https://bitcointalksearch.org/user/yvg1900-158050

BTW, zeropond.com leads me here:


The term 'ZCash fishing rods' describing the site isn't exactly a good way to convince people you aren't setting up a scam of some kind.

Or even, and I hate to sound quite so melodramatic but these days we have to consider such things, a honeypot by the three-letter agencies.

We have a nice reference from @yvg1900 posted on our site, and I've emailed some other people IRL who might have accounts here…

That's quite the understatement. FYI a respected industry figure's social media account vouching for you would likely do, there's no requirement for them to be forum members.

Obviously I'm not very active on this forum.  Let me ask around my real-life contacts to find someone who's on here...

It was me and it was yesterday. It isn't about being a hater, it is about the fact that your account has been inactive since the middle of June 2014 and your sudden return is to promote a platform which will involve people sending you money.

Precautionary advice for other forum users until the facts can be established, that's all. Don't take it personally.


Well can you?

That's my question for your request to ask you anything.

This user's password was reset recently.

This user's email address was changed recently.

with this state we need more proof. anyway where the detail about your coin ?

Just email me at [email protected] to verify.  Also, I've updated my LinkedIn to show Zeropond for some third-party proof https://linkedin.com/in/olsontim

And whoever downvoted my trust in the last hour... WHY?  Don't be a hater.  I've done nothing but try to post about our service.  Please, check our proofs.  Ask me anything!

Can you get someone reputable to vouch for your bitcointalk account being the real Tim Olson?

We've published on our website a Monero View Key which proves our mining revenue.  I've copied it here for your convenience.  Ask me anything!

That and whether he is actually Tim Olson.

The trouble is that the last posts made by this account before the sudden reappearance happen to be from before the forum hack. So all inactive accounts from that period which only now return to posting have to be assumed to not be under the control of their original owners.

I almost all cloud mining are scam, How can you proof your Monero claim.

Zcash Cloud Mining by Zeropond

We are experienced Monero miners (over 300,000 XMR) and we are now setting up a datacenter with Zcash mining software preinstalled on every machine.

We've already written great mining software, but we don't have the funds to buy all the hardware.  So we are selling mining contracts now to buy hardware and set up a datacenter.  We are offering a better performing miner than anything on the market, and we'll keep a little margin for profit.

I'm a serial entrepreneur with several successful businesses https://linkedin.com/in/olsontim
My partner Salt has been mining since 2010.

We are a US-based company, and we'll use a datacenter in the Silicon Valley / San Francisco Bay Area.  We have proof of our Monero mining (see website) and we'll be posting references from people in the crypto community we've done business with.

Pre-register now for free:

buy.zeropond.com