Topic: Cloudhashing ASIC mining contracts, UK LTD company - Now Mining & Paying Bitcoin - page 86. (Read 197380 times)

Every time you post I can tell more and more that English is not your first language.

Scam on scammer.

I give Bitcoin businesses and projects my full support... likely scams on the other hand, I will not hold back my opinion.

Hi,

Coinhoarder, I do hope you are aware that the world does exist outside of this board?

Kev, Purely because of one's ethnicity, you decide to judge them a scam. That tell me more of you than anything else. You only need check with BFNL to confirm if the order number I have presented are in fact genuine or fake.

For both your information, we started selling contracts to businesses and individuals we know personally or worked with previously before deciding to take this online. If you can't understand that then I am obviously wasting my time.

Before labelling the post with your obvious racial issues (kev with Nigerians) and paranoia or wish for something to be fake (coinhoarder). Do some research.

1) Call BFL to confirm order numbers
2) Check our verified Paypal status. My organisation has done over $100,000 worth of business with them in a short time period
3) Actually visit the website and read what it days here

Without a will to read or research, you are just blowing hot air on this board and nothing else. I have had 3 senior members vet me. I have sent them bank statements, Paypal statements to show orders before launching the website and many other proofs.
Its general what happens in a search for truth.

this is nothing more than a witch hunt.

You simply cant accept or want to accept that somebody that doesn't sound or look like you can pull this off. Maybe check with members that helped vet us, the calibre of work we are currently employed in. That might incense you further.

Good day to you.

I agree with your assessment.

This has smelled really fishy to me since he started posting here, I'm glad someone else can see through the smoke and mirrors.

His "proof" he ordered the hardware can easily be faked in Photoshop in less than 5 minutes by anyone with half a brain.

He still is holding onto the fact that he sold 5000+ contracts without advertising ANYTHING here on bitcointalk or even mentioning his services.

What kind of Bitcoin start up launches their business without posting here on Bitcointalk? I'll give you the answer in case you're not sure, NONE!

My point is:
Personally, Frome the name on the invoice and I think you are a Nigerian,
Please do not offer to send me a scan of your passport to prove otherwise,
I am from UK and have spent years in Nigeria, unlike most on this board. So I have first hand experience of just how intricate and complicated the scams can get.

Many people here have helped me with advice so my purpose is to try and encourage people do their own due dilligence before parting with cash.
Not only is your surname typical of the Yoruba tribe from Benin, SW Nigeria, but Emmanuel is a common Nigerian name too.
You should be pleased that an "Oyibo" is so well versed with your culture.

For all I know, your business venture could be legitimate and if so, I wish you luck.

All I am saying is "Buyer Beware"

Good Day.

Kev.

Just saw your board post.

I would like you to know a few things

1) None of the guys in your post relate to anybody in our company.
2) I have made my identity known to 3 senior members of the board and they have verified that.
3) Reason I have to be so protective of our identities is that we all actually still hold positions at our current places of work. We cannot compromise ourselves. This is a very new industry.

To assume that just because you see a Nigerian surname somewhere that it automatically equates to a scam is absurd. Multiple times we have provided detailed financial information and order numbers at BFL. If that does not convince you then that's fine. Just don't go dragging our good name in the mud with your stereotypes.

Good day.

This Guy wasnt too happy about my previous post.
He sent me a PM soon afterwards.
I have spent years working there and I know one when I see one.

Perhaps this info from a Linkedin search is why:


Connect
See all results »
Emmanuel Abiodun Out of your network

Student at Ajuwon HighSchool
Nigeria

Similar

Connect
See all results »
Emmanuel Oluwaseun Abiodun Out of your network

Student at UNIVERSITY OF LAGOS, NIGERIA
Nigeria · Real Estate

Similar

Connect
See all results »
Emmanuel Abiodun Oyekanmi Out of your network

Student at Obafemi Awolowo University
Nigeria

Similar

Connect
See all results »
Emmanuel Abiodun
Emmanuel Abiodun Out of your network

Financial Instruments Analyst at Rehoboth Funds
Nigeria · Financial Services

Similar

Connect
See all results »
Emmanuel Abiodun
Emmanuel Abiodun Out of your network

System Support Officer at Linkpoint Resources International Ltd
Nigeria · Marketing and Advertising

Similar

Connect
See all results »
Emmanuel Abiodun Out of your network

Accounting Professional
Nigeria · Accounting

Similar

Connect
See all results »
olatunji emmanuel abiodun Out of your network

    --
Nigeria

Similar

Connect
See all results »
Emmanuel abiodun bolaji

Buyer beware

Exactly... even if he is not a "scammer" in the true sense of the word (which I'm not fully convinced he isn't yet), he is still a scammer for his price gouging.

Taking money from innocent newbies that don't realize they are paying way too much per Gh AND they will get the hardware AFTER almost everyone else that already has preordered when the difficulty is sky high. On top of that, he is pushing the fact that BFL will have these out by June... anyone that knows anything about BFL knows that is not going to happen.

No one is going to make any money on this other than cloudhashing themselves.

So let me get this right:

You have ordered 4 machines in total that cost about $120k.

They produce a total of 6T/Hash (allegedly).

You are selling 5 G/Hash indefinitely for $1k each.

In total therefore you are asking up to $1m for something you paid $120k for.

These machines don't even exist and have never even been proven to have existed.

Quite brilliant - well done!

Good answer, although since you cannot comment any further with regards to BFL's supply chain and maintaining the SLA if they go into administration, I am assuming that you are locked in with the vendor; i.e. vendor lock-in.

With regards to Avalon, what if the bitcoin value plummets to a single value? I would imagine people would invest in bitcoins in order to get the Avalon 3rd shipment costing at 75BTC. How would this affect current contract holders and future sales?

Emmanuel tell me abeg,
when u nah get your uk passport o?
mebee me go dey beckenham in kent to catch some gistin
den we go take dis butterfly to Abuja nah   

Kev

cloudhasher, I would like to clarify something...

The "Hero Member" title is not a title bestowed upon someone for their acts or deeds. It is merely a title given to you when you reach a certain post count. (going to crosspost this to other thread)

Hi

Good question.

Because of the potential political issues that could arise because of Bitcoin and its fear from central banks. Our long term goal is to adopt a similar strategy to www.bullionvault.com,namely hosting our rigs in different countries.

1) USA
2) UK
3) Switzerland

Doing that from the onset is expensive and would had required VC money to do so. We have to take a staggered approach. Regarding our USA host, we are looking at spreading further units out starting in the DC area. Now this does affect cost and SLA. Now by how much it does is purely speculative now. We truly must wait for delivery of the rigs and also further Tech data from BFL before commenting. Otherwise we could be accused of making presumptuous claims.

Regarding cost, now I have said this service is not for everybody. Because this is a new sector, we need to be careful about who we target in the onset. The market will grow and other entrants at lower price points will surely appear.

Just to put things in perspective, purchasing a 60 Ghash device from Avalon compared to our offering you will find is very competitive. Currently our average order size is over the 1000 dollar mark. You could say that is our target audience.

Kind regards

Hi,

Thanks for your comments however pricing something we feel is right at this moment in time.

Regarding the contract sales. Please be aware that we do not only make contract sales online but also to individuals we know directly or organisations we have previously done business with in the past.

The contract sales count is exactly that. The number of contracts sold to date. If there is a jump from one day to another, its because the sales have jumped. In the particular scenario you mentioned before, we made particular companies aware of a potential price hike in hardware given Avalon did the same thing. This in turn allowed us to sell more contracts in a short period.

Pricing had to rise significantly because of the power Consumption of BFL equipment has risen hence a rise in hosting fees. Also the pricing hike in BFL hardware had to be matched.


JML - you do make accusations rather than ask questions.

Please read https://forums.butterflylabs.com/showwiki.php?title=FAQ:MiniRig+SC+and+Single+SC+Hosting

You will find that the hosting is dealt with via email. Ordering is in my name as I am the contact person. Not everything is a conspiracy. The previous argument by the board was we did not have the orders, we provide the proof of orders then now its the orders are in our name.

I think there isn't a request for proof here but a consistently insistence on guilt.

https://www.cloudhashing.com/terms-conditions
Indefinite Contract Equipment Ownership

Technology IQ LTD will act as management firm operating in the best interests of her Client. All client purchased computing power belongs to the client. In the event that z Technology IQ LTD liquidates assets or becomes bankrupt, the proceeds from sale of equipment go directly to The Client less Technology IQ LTD’s costs of processing such a transaction. The client cannot at any time withdraw any mining equipment from The Company


Kind regards.

can the owner of cloudhashing explain why the contractor numbers changed?

I saw a thread started here almost a month ago from someone asking if this was a legit service. No one answered but I too was curious so I watched the service and the forums hoping for a answer. I've seen this guy post on several other forms including butterfly labs. At the time they had supposedly sold close to 5000 contracts. I believe it was around 4600 give or take. In one day it shot up to 5000 and then at the end of the week it was at 6000 contracts and a red message at the top said "Sold out". A few days later the numbers where changed again to be under 6000 and two new types of contracts where added to the list with contract prices being upped by $5 (went from $45 to $50). One being a new indefinite contract and another being a 1 year contract that WAS $50. Now I see that the 1 year contract is $150 which is definitively not worth getting. I can't say 100% if this is a scam or not but the fluctuation of contracts and the sudden increase of prices is not something I'd personally feel safe in purchasing. If you are legit then I'd suggest buying some actually mining rigs and building some cred while you wait for BFL. That way people know you're definitely in it for real and that you are not another scam.

FYI. if you're gonna make a hashing service you should lower your prices for contracts that start several months after Asci's are "supposed to be shipped". You raised your prices which makes it unappealing. There's absolutely no reason for a person to pay more for a mining service when the difficulty is going to be bat shit insane a few months later. Any sane person would just buy a rig.

/2cents

These are my opinions based on what you have said in this thread https://bitcointalk.org/index.php?topic=163741.20

The order you published contradicts cloudhashing.com's plan of having the minirigs housed close to BFL in order to reduce downtime. You will need to explain for this.

If BFL goes into administration, so too cloudhashing's operation will suffer as cloudhashing is heavily dependent on BFL's hardware as per their SLA contract. There is no guaranteed uptime rate for contract holders which cloudhashing.com cannot promise a steady income if failures happen which is quite disappointing.

Furthermore, the minirigs are untested (to me it looks like a half baked concept for almost $30K a piece) and there is still no proven demo that they actually work when in fact, all that has been shown is just an empty box with lots of fans. No technical documentation of the minirigs has been released, such as MTTF (Mean Time To Failure) and MTBF (Mean Time Between Failures). An SLA agreement as per to what was mentioned, agrees to provide hardware repairs to the damaged minirigs within 24 hours or less but does not state how often would these units break thus reducing overall uptime.

In a nutshell, you cannot guarantee:

1) The minirig units exist or not. Orders don't prove it; it only proves you have spent money on something that may or may not exist.
2) The uptime rate of mining activity per 1GH contract. It could be as low as 1% over a year period.
3) No documentation of how often the unit/s will fail, meaning that there would be an increase in downtime for contract holders.

The company seems to be highly dependent on BFL's hardware and unable to source generic hardware for its minirig investments which is itself a risk to investors. Another question to consider, what if BFL decides to relocate headquarters to another county or country? A 24 hour downtime would soon be 48 hours or maybe even more.

The only reason I can think of to hide the name and address is to disguise the fact that the assets do not belong to the LTD company.

I thought you said you were hosting them in the united states? that photo shows a shipping address to the UK. Also, why hide your name? Are you Emmanuel Abiodun?

It's actually a stock joomla/virtuemart template. There's literally 0 customization done, and all the content is from other websites. It's the epitome of a scam site.