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Topic: Cloudmining 101 - page 5. (Read 27830 times)

legendary
Activity: 980
Merit: 1040
November 25, 2014, 02:56:41 AM
Puppet, sorry, didn't see your opinion. What do you think about GAW? You call them still "Probably legit", don't you?

They are in the list. Too many red flags for "probably", so I labeled them "possibly legit".

Aside from the rating, I have a unsubstantiated suspicion they are mostly preselling; ie they are selling hashrate they dont have, but that they do expect to deploy in due time. If true, it gives them cheap financing and potentially lets them overprice the hashrate (at least for scrypt) , as the impact on difficulty is delayed. And of course, customers take on the full risk if for whatever reason the hashrate doesnt materialize.

hero member
Activity: 854
Merit: 503
November 25, 2014, 02:46:43 AM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

Its worse than that, they arent even paying out and seems they never have:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314



I have also an account at that site. i get daily payout. but im in since a week. wait what coming.
member
Activity: 118
Merit: 10
November 25, 2014, 02:42:58 AM
Puppet, sorry, didn't see your opinion. What do you think about GAW? You call them still "Probably legit", don't you?
legendary
Activity: 1022
Merit: 1004
November 25, 2014, 01:01:49 AM
What about grmining.com?
hero member
Activity: 672
Merit: 500
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November 24, 2014, 10:57:17 PM
When i click on that article i get to article and list other companies showing transparency. I click on rockminer and it brings up rockminer, then goes to am hash then goes to hashie.co if i want to buy it
hero member
Activity: 672
Merit: 500
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November 24, 2014, 09:27:19 PM
Hi Puppet,

Please update Hashie's rating: https://bitcointalksearch.org/topic/m.9599671

-Sahra


I dont see whats there to update. So you are now reselling amhash, which is already rated. Your own so called hashrate remains as unproven and dubious as before (there is more than a sliver of irony in the fact you tout AMhash's provable hashrate). So all the red flags still apply.

To be honest, Im at a loss why anyone would buy amhash through you.


i signed up and got 10GH/s free. if it ever accrues 1BTC i'll buy the 20GH/s required for cash-out  Grin
i won't hold my breath!
LOL you seem like a nice person so i will tell you a little secret you can have 5 BTC from that free 10 GHS " i know roll eyes im just saying " They still wont let you buy a hash package you cant even use the auto purchase feature or use chat function till you physically buy 20 GHS with your own sent in BTC here i will post messages i get from my new account.

My Miners


Set auto-rebuy

Auto-rebuy is a feature where you can set a percentage of your earnings to automatically go towards upgrading your miner. With auto-rebuy, your hashpower will increase exponentially - it's great as a long term investment.


Error

Sorry, auto-rebuy is only available for paid miners. Back to miners


 Cry


Chat

Discuss anything in the chat! No advertising or referral links - instant ban. For support, click here.



Jmancino2: yes, this is often requested. we'll have an overhaul of payout statistics

including per miner stats

awesome, thank you

@hashie: i noticed that when you buy from the market the total earned is not reset back to zero

Whoever was looking to buy there is a smoking deal on market now, 2243gh for $4.0/10gh

bitcoin = "my precious, my precious"

i wonder if people are selling out because of the GAW miner thing that's going on

does @hashie have any comments on that situation?

Woot, finally have 100 ghash Cheesy

I actually moved from zen to here, the fees here are alot less and i was earning more with 6ghash less.


You must purchase a miner before you can talk in chat. Buy a miner here


 Cry  Roll Eyes  Kiss  Cool

IF the above answer helped you or saved you from waiting for a eternity for nothing then please feel free to send BTC tip am trying out thing new btc debit card lol   Grin       15WjeBwVoDgYMPzvMksjf8cmByJQ7zFE3x
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
November 24, 2014, 08:46:46 PM
Isn't it interesting the more legit a company is the more widely hated it is?   CEX.io ...
sometimes it is true, we have been burned or exposed to so many scam company or heard of horror stories but never personally suffered ourselfs. Alot of people have cex.io but the truth is despite all the bitching and moaning people still use them " including myself " . The reason i use them alot despite prices is 1. They been around for long time and never had problem on the contrair people was begging to stop minning them a few months ago to avod them having 51% btc hash. 2. they offer so many different trading options and its a place to buy and hold coins kinda reminds me of cryptsy to some extent.  3. They allow you to convert GHS into vouchers and sell them like on ebay or amazon or gift them however you please. They even let you claim the GHS into actual mining hardware if you want it and if you have your own miners you can have them mine along side the virtual ones.  4. I like the fact you can sell GHS vouchers or trade them straight up accross the board even in small fractions of like 0.01GHS yes i know might not be worth it but nice to have. The last reason 5 ... I like the colors at cex.io LOL oh and i like i can deposit funds with cc  Wink
hero member
Activity: 672
Merit: 500
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November 24, 2014, 08:34:11 PM
AMhash by Asicsminer is good share to buy right now for cloudmining I think. Cheap price and cheap maintenance cost. Dividend payout daily. Also Asicsminer is trustworthy Grin
i am wondering if they good company amhash i got a few shares of amhash1 on havelock just to try out. So hope all goes good i see they now have amhash1 on hashie website also and they endoresed it so worries me seeing the grade score here so i really hope op wrong about this
full member
Activity: 197
Merit: 100
Money does not make happy, but sexy ;)
November 24, 2014, 08:13:36 PM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

Its worse than that, they arent even paying out and seems they never have:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314



Are you sure you guys are talking about the same service?  BCS seems to be good on payments so far. How long it's going to last, however, I don't know.

Well, I got my last payout one hour ago. Everyday since 27. July so far (and I refered no one there). Sure it's risky, but: No risk - no fun - no income. Wink BCS pay much more than CEX ever could - Ponzi or not, as long I can earn something, it's ok. That's my personal experience with BCS and I don't know anyone who was'nt payed out so far. All in all I've never lost a satoshie with clouds or Hyips. Luck? No, it's: Fast in, fast out and allways splitting the risks.

BCS-PAYOUT ADDRESS: https://blockchain.info/address/1BTCPayb5AdF8fSsR7oews2PpuVpRtamk6

BTW: All my referral-links lead to free-games with warranty output only, so no one will loose. I would never post ref-links leading to risky investments, because I don't want to be a complicity of potential scammers.
legendary
Activity: 980
Merit: 1040
November 24, 2014, 06:12:19 AM
I see how I messed up. In some way, I did not. I checked bitcoincloudservices  registration here:
https://www.opencompany.co.uk/company/08935510/btc-cloud-services-ltd

The supposed director "Gabriel Kleiman" doesnt have any online id and is most likely fake. When I checked the other person listed there, the founding director "Esteban Amador Soto Martinez", the first result pointed to this scam report:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314

for www.bitcoincloudhashing.com which wasnt even a ponzi and never paid a satoshi.

You can probably put 1 and 1 together. Same people, just scam V2.

hero member
Activity: 616
Merit: 500
November 24, 2014, 06:08:43 AM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

Its worse than that, they arent even paying out and seems they never have:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314



Are you sure you guys are talking about the same service?  BCS seems to be good on payments so far. How long it's going to last, however, I don't know.

So this puppet yokel is flat out lying.
legendary
Activity: 980
Merit: 1040
November 24, 2014, 06:04:07 AM
Are you sure you guys are talking about the same service?  BCS seems to be good on payments so far. How long it's going to last, however, I don't know.

I messed up. Removed the rating, Ill look in to bitcoincloudservices later. (edit: done and reinstated)  Although at first glance, when I see 10% referral, 5 year contract with no (fiat denominated) maintenance fees, I think I already know what the outcome will be.
hero member
Activity: 605
Merit: 500
November 24, 2014, 05:57:50 AM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

Its worse than that, they arent even paying out and seems they never have:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314



Are you sure you guys are talking about the same service?  BCS seems to be good on payments so far. How long it's going to last, however, I don't know.
legendary
Activity: 980
Merit: 1040
November 24, 2014, 03:28:54 AM
@Puppet: "MN (1/2)" from Crypsty should be in your analysis-list.

I dont see it being for sale anymore. Perhaps it can still be traded between users on cryptsy, but then its a game of hot potato, no different than all the scam coins being traded there.
legendary
Activity: 980
Merit: 1040
November 24, 2014, 02:34:28 AM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

Its worse than that, they arent even paying out and seems they never have:
https://bitcointalksearch.org/topic/scam-report-bitcoincloudhashingcom-414314

full member
Activity: 197
Merit: 100
Money does not make happy, but sexy ;)
November 23, 2014, 09:09:13 PM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?

BCS pays with a stable mathematical, dayly output without any fees nor maintance costs. I've reached my ROR so far and now I'm earning (hopefully) for the next years. All in all it was a better investing for me, than buying expensive hardware at my own.

@Puppet: "MN (1/2)" from Crypsty should be in your analysis-list.
newbie
Activity: 8
Merit: 0
November 23, 2014, 05:53:53 PM
Thank you for the list Puppet!  Wink
What about bitcoincloudservices.com?
I would give it: 1+2+3+5+7
What do you think?
legendary
Activity: 1022
Merit: 1004
November 23, 2014, 10:27:20 AM
#1 Hashing power cannot be calculated using order numbers. I agree..
#2 Even if #1 was possible: Shares do not only come from orders, also from multiplicatins and referrals.
I have troubles guessing a good estimate for the ratio between bought shares and multi/ref shares.

Without insider knowledge, I think it's virtually impossible to estimate ltcgears numbers.
sr. member
Activity: 402
Merit: 250
November 23, 2014, 10:21:22 AM
Based on order numbers LTCGear has sold 1400 GH ..

1400 GH.

Quite a bit of FUD here.

Now i would like to see those maths Cheesy

They started selling 43khash at a time, new shares are 100khash each and sold in batches equivalent of 183mhash.

It's been validated that most orders go unpaid etc.

The new 40k0 packs resulted in a few dozen ghash indeed by themselves. That is huge, seeing the total network is right now 1 426Ghash. several % of the network there alone.

EDIT:
This is explained: https://litecointalk.org/index.php?topic=22708.0

Now assuming he has had 10k "orders", out of which 80% are paid which is 8000, and if each is the latest 183Mhash pack that is 1464Ghash indeed. But alas it is not, most of them are not actual sales etc. because # gets larger with each comment, page etc. so it's probably more like 4k paid orders, out of which most are sub 100Mhash. even at 4k & 183Mhash it results to about 732Ghash. Still a huge number tho.
legendary
Activity: 980
Merit: 1040
November 23, 2014, 08:57:50 AM
This list bases on a few criteria, so one must do their own research first.
LTCGear has been so far good and so has been PBMining.
But i would never put money down on PETAmine, the payouts they give out is far less than what should be for 1Gh, plus other users seem to think it is a long con.
Criterias should include real world contact and reachability, a real person(s) behind this and has someone visited them etc.

EDIT: Tho thanks for doing the work, it does cut some of the work vetting these out Smiley

Companies that play it honestly will generally get a bad reputation because they will usually prove unprofitable. Thats what mining at end user prices + operating and profit margin for the issuer tends to result in. THe ponzi's can promise far better profitability.. right until when they disappear.  

So yeah, you will find plenty people bashing the companies that I rated as legitimate and people raving the obvious ponzi's. Of course that will change over time.

As for cryptx specifically; its kinda ironic Ive been warning against investing in them since last spring. Not because they are not legitimate, but because the market prices guaranteed a huge loss. That of course happened, and that is mostly why people are bashing cryptx, but simple math could have predicted that, I predicted it, but that is no fault of cryptx. There are some issues you can blame him for, like ignoring shareholder vote to switch pools, but by and large, thats small potatoes compared to the ponzi's that dont even mine anywhere.
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