Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ (Read 361307 times)

Does anyone know if minersgarden.com is a legit cloud mining site?

Good old days.. Just wondering, so how many of those are still operational today And how many in jail..

I don't see any reason to think that IQ Mining is legit.
They fail just about all the test criteria that this thread uses to establish whether or not a "cloud miner" is actually mining.

Can you elaborate on what criteria's that you had able fulfilled? 

I agree,it's fulfilling all the criteria:(

Recently my Cloud mining thread got deleted.

Recently my Cloud mining thread got deleted.
It is an informative one take a look on these links below
https://www.scribd.com/document/413987132/Cloud-Mining-Questions-Page-1
https://www.scribd.com/document/413987329/Cloud-Mining-Questions-Page-2

If you consider cloud mining a scam, or potentially harmful financial-wise, please continue reading!

Yes, you are absolutely right, there are "only" 20 million BTCs available for mining. But what about other altcoins whose potential skyrocketing growth is yet to occur?

Presently, mining requires strenuous time and effort, but also adept technical knowledge of mining hardware deployment and maintenance. That’s where MyHashing steps in with strong motivation to provide a simple yet secure cloud mining environment.

So far we have three mining facilities which are located across Georgia. Highly experienced teams of professionals ensure safety of the installation, testing, and maintenance of the equipment, and the delivery of the best results. We use hardware and other mining equipment from Bitfury and Bitmain.
We are constantly searching for low-cost electricity and machine friendly weather conditions to build new facilities.

When our platform launches we will be offering Bitcoin and Bitcoin Cash mining contracts. Further down the line we may look into additional crypto currencies. All of our contracts will be signed for a 5 year period.
The packages on offer will be:


Naturally the more hash power you purchase from us, the cheaper the price per TH/s will be.
Our maintenance fee is 0.17 USD a day which will be deducted from your mined coins on a daily basis.

Security, stability and safety will be our main focus and something that we want our users to enjoy without having any concerns.

If you still that there are no legitimate cloud service providers out there, YOU ARE WRONG!

Our website is currently under construction, and will be available shortly.

In the meantime, you can check other interesting specifics via:

FACEBOOK - https://www.facebook.com/myhashingmining

TWITTER - https://twitter.com/myhashingmining

BITCOINTALK  -  https://bitcointalksearch.org/topic/m.46151121

Yes, I had about a year away from here too, it gets to you after a while.
It was good timing, in hindsight, as I walked away from most everything else as well, then came back to "civilization" and my trusty paper wallet to find BTC was in five figures and the tabloid newspapers, so it was quite a logical thing to do to sell it. Didn't buy a yacht tho...

But yeah, I also came back to the tsunami of ICO's and airdrops and bounties and thought WTF?

If you do quick research, you will found out the OP hasn't active since late 2016 and the info can be found in OP's trust page. So, obviously the list of the websites status is outdated, but the criteria still useful.
I suggest you do your own research before invest in cloud mining or ask in this (or any) forum if you're still unsure.

Browsing around on this forum, I have to wonder why one would bother with a mining ponzi these days. Seems like the hot new get rich quick scam is promoting nonsense ICOs by paying off shills to post fake reviews on reddit/telegram/facebook/twitter. Its so blatant and even institutionalized on this forum, that this is condoned just boggles my mind. It does remind me why I turned my back on this forum and it explains what Im seeing on the other places.

As long there are people who do feed up those scammers this system wont never end and it does still exist even up to now. Thread is really old and very informative but new people do jump to crypto do miss out these kind of precautions or guidelines.  

I believe that Legendary members do have default smerits of 200 (Correct me if im wrong).

What a regretful thing for early adopters who do sold out early but well past is past and theres no turning back into those mistakes.  

LOL. Just checking in.
Almost 4 years later and after 348442 views, apparently this is still a thing.
And this forum is still using the same crappy software.

Some things never change I guess.

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo  
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?

 

Ha. A small used leaky one perhaps
I didnt lose anything in any scam, but my crystal ball didnt predict $10+K prices either so like so many early adopters, I sold most of my coins way too early.

Brilliant. So instead of 1000 now I have 1001 merit on a forum I check once a year.. Woohoo 
Id return the favor but I seem to have no merit to send. Im gonna guess one gets sendable merrit by donating to theymos  for a larger yacht the new forum software ?
Or is this actually a well thought out, trustless, immutable, blockchain based reputation system thats going to prevent any and all scams on this forum now ?