You gave this point to GAW.
3) No pictures of their hardware and datacenter
There is no reason not to provide such pictures, except of course, if there is nothing to take pictures off.
In reality pictures of their data centers are available:
Outside:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs15.postimg.org%2F5ahdyp6m3%2F14_central1.jpg&t=546&c=NxqoyAFcdcDH2w
Inside:
http://4.bp.blogspot.com/-JqqP37Ygce4/VF0tEsgGprI/AAAAAAAAAkQ/pa6-Mrp43x4/s1600/Miners2.jpg
http://gawminers.eu/wp-content/uploads/2014/10/bgGSEVf.jpg
Topic: Cloudmining 101 - page 10. (Read 27812 times)
I don't think that it is possible to run cloud mining for long without mining at all.
Actually, it is. See Deprived Mining Speculation and Bitcoin Difficulty Derivative.
Look at my signature. They are all very risky. The only two which almost certainly will make me profit are hash profit and hashie. Hash profit is because I got a lot of free hashes through referrals during discount sale. And hashie is because I resold my hashes with 50% skim twice. What an idiot bought it for such a price is a mystery for me.
I don't think that it is possible to run cloud mining for long without mining at all. Ponzi scheme requires exponentially increasing number of participants to run, otherwise scammers don't get profit. This is not what happens with cloud mining schemes. They may not own hardware, e.g. rent it or re-sell virtual hashes, but mining should happen somewhere. However, they can scam you many other ways.
First you get 200KH/s for 7 days as a present to test their system.
But at the same time they put preshure on you to buy hashpower with a discount of 40% on the regular price valid only for 24 hours.
What you you think?
I bought a litle bit and everything seems working well.
But at the same time they put preshure on you to buy hashpower with a discount of 40% on the regular price valid only for 24 hours.
What you you think?
I bought a litle bit and everything seems working well.
Nothing. What can you tell me about them?
I don't think cloud minings are scams, but you should really consider less risky investments. Before you give your money to anyone find out if he provides all the personal data and his company is registered.
A site can disappear but it's harder to move an office
A site can disappear but it's harder to move an office
Very nice work puppet.
For LTCgear did you find a hardware to vouch for them?
Also do you know PETAmines mining address?
AMhash has provided mining addresses in case you missed it:
For LTCgear did you find a hardware to vouch for them?
Also do you know PETAmines mining address?
AMhash has provided mining addresses in case you missed it:
1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6
I think point 4 does not apply to cloudmining.website. It is 5%, not 10%. You may verify the same from their website and update the OP accordingly.
Reread point 4 (or more likely: 5) carefully.
That you say you think you know someone who should know, doesnt cut it for me. Not saying you're being untruthful, but if you are doing business honestly, you just have to give correct contact information right on the website. Anything less than that is a big red flag.
I think point 4 does not apply to cloudmining.website. It is 5%, not 10%. You may verify the same from their website and update the OP accordingly.
so it makes it 5% less of a ponzi? is this what you are saying?
That you say you think you know someone who should know, doesnt cut it for me. Not saying you're being untruthful, but if you are doing business honestly, you just have to give correct contact information right on the website. Anything less than that is a big red flag.
I think point 4 does not apply to cloudmining.website. It is 5%, not 10%. You may verify the same from their website and update the OP accordingly.
That you say you think you know someone who should know, doesnt cut it for me. Not saying you're being untruthful, but if you are doing business honestly, you just have to give correct contact information right on the website. Anything less than that is a big red flag.
I only see claims he is an fpga dev, not an asic designer. And again i dont care his online persona is well known, pirate was well known too. I want to know the legal person or entity behind it or its a obvious point. I know were to direct my lawyer if i want to sue cryptx or knc. Where do i go for ltcgear?
An address of Chris is known. He sold hardware and had a trade-in program, so a lot of people were provided with an address for returningfpga boards. Also, several people paid with Paypal and already stated that they will make the details public if something goes wrong.
I don't have his address and I'm not interested in it, as long as he pays. But if he doesn't pay, his details will be posted all over.
I mean you can invest in many things else like a PTC site or HYIP systems if you have enough experience. And guess what, you said bitcoin rate had decreased 60% in last 10 months, but if you make a comparision with this times last year, it doesnt change much.
Now this is good stuff! Great job Puppet.
well, thanks for your information. Its very usefull 
. In my opinion, there are no reasons to invest in cloudmining now, ROI is too long X_X
. In my opinion, there are no reasons to invest in cloudmining now, ROI is too long X_XWhat is a good investment then?
Bitcoin? Lost 60% of value in 10 months.
Altcoins? Even more unstable, basically a gamble.
Hardware mining? Not all of us have a spare room.
Keep fiat on a savings account? The interest will barely deal with inflation.
So what are you saying? Its better to lose bitcoins to a scam than dollars to price variation? ? I havent lost a satoshi in the past year, thats certainty better than any cloudmining contract.
well, thanks for your information. Its very usefull . In my opinion, there are no reasons to invest in cloudmining now, ROI is too long X_X
. In my opinion, there are no reasons to invest in cloudmining now, ROI is too long X_XWhat is a good investment then?
Bitcoin? Lost 60% of value in 10 months.
Altcoins? Even more unstable, basically a gamble.
Hardware mining? Not all of us have a spare room.
Keep fiat on a savings account? The interest will barely deal with inflation.
I only see claims he is an fpga dev, not an asic designer. And again i dont care his online persona is well known, i want to know the legal person or entity behind it or its a obvious point. I know were to direct my lawyer if i want to sue cryptx or knc. Where do i go for ltcgear?
Usagi
Now it all makes sense...
I only see claims he is an fpga dev, not an asic designer. And again i dont care his online persona is well known, i want to know the legal person or entity behind it or its a obvious point. I know were to direct my lawyer if i want to sue cryptx or knc. Where do i go for ltcgear?
Usagi
By that standard, every site in existence would have a 7. What you are demanding doesn't mean anything. Chris is a real ASIC designer and well know in the community. He is a real person. Doesn't mean that he or anyone else couldn't run off with the money though.
I only see claims he is an fpga dev, not an asic designer. And again i dont care his online persona is well known, pirate was well known too. I want to know the legal person or entity behind it or its a obvious point. I know were to direct my lawyer if i want to sue cryptx or knc. Where do i go for ltcgear?
You probably should also add in 8, the cloud mining has been operating for more then a year. Usually ponzi don't last long..
Normal ponzi's dont, but a mining ponzi can easily last that long or longer. Potentially forever see my disclaimer.
Jump to: