Topic: Bitcoin World Largest Mining Farm! (Read 731 times)

From what i've learned in the past, any referral based company depending on referral users/clients are not serious about their business.
It's good to see how large it is, but no real marketing strategy or a lack of it, makes me wondering how serious they are about their business.

It's disconcerting to see they pay a 25% refferal bonus.  That policy alone reeks of Ponzi.

Glad to see people agree that for a "legitimate business" These guys (and a lot of cloud mining outfits) leave you with far more questions than assurances.

CryptoJeweler: Definitely have me convinced your not some shill or promo account, always use the utmost caution when advertising or promoting ANY business. It is far too easy to do so with the best of intentions, while forgetting that many honest people have had personal reputations and trust ratings destroyed simply by backing or shilling for shady companies they thought were legit.

Of course we could go into a lengthy discussion comparing honest users being used by a company to promote a dishonest business (AKA promotion by ignorance, ie. SIGNATURE CAMPAIGN) VS. users who fully realize that a company is being dishonest, but stand to increase their own shady earnings by drawing more suckers into a ponzi (AKA promotion by dishonesty, ie.  REFERRAL CAMPAIGN).

Hi unholycactus,

Agreed, i think it's good to stay away from this until this is not verified by the community.

Thank you
CryptoJeweler

 Yeah, I was thinking of the maintenance fee being less than the cost of electricity.  That seems like incompetence to me.
Then again, maybe they set the maintenance fee when bitcoin was at a higher value and never revisited it?  Hmmm... that would also seem incompetent.

Not necessary incompetent, they may be fully aware that the service they are selling isn't valuable.
Not even sure the information listed in the first post is accurate to begin with.

Where is this payout address?

How are they earning the interest paid in the "deposit" system there?

There is a difference between transparent and incompetent.
Eurumara is pointing out inconsistencies.

Hi Erumara,

Thank you for your feedback.
If they are not transparent the why they disclose their mining location and their payout address?

Thank you
CryptoJeweler

Mmmmm delicious cloudmining nonsense!

Not sure if you're looking to support more cloudmining outfits, or you're directly involved, either way we'll break this down!


$189usd/TH = $888usd/4.7TH or roughly the price of an S7 w/ PSU

Maintenance fees = .0009usd/gh = $.9usd/th = $4.23usd maintenance @ 4.7th = ~$0.14usd/kwh

4.7th x .0029btc/th/day (bitcoinwisdom @ current diff) = .01363btc/day = $6.13usd/day (diminishing)

Total take $6.13 - $4.23 = $1.90/day at current difficulty and price

$1.90/day to pay off an $888 investment = 467 days if nothing changes, with the halving coming ROI is utter nonsense.



Scammy nonsense for "If you have a lot of BTC, anticipate BS withdrawing it"


This line is intentionally misworded, your ROI will always be a % of your investment. Of course if you invest more you earn more, but it certainly does not compound.



According to this line here, assuming they don't have some new miner more efficient than the s7, they're barely making money whether BTC, LTC, or ETH, and will fail after the halving unless the price skyrockets.


Directly contradicting the previous statement.


If they are charging ~$0.14usd/kWh maintenance (assuming s7 efficiency), and they claim to pay $0.15usd/kWh electricity, how are they still in business unless this is another fancy ponzi?


This page is full of lies [Biggest mining farm? Maybe. Where is the hashrate on the network?] and inconsistencies [200 acres for 10PH!?!? WTF do they do with the other 198 acres?] . I do not go around calling all cloudmining a scam, but they could try a lot harder!

Hi All,


Thank you
CryptoJeweler