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Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 48. (Read 361551 times)

newbie
Activity: 20
Merit: 0
EDIT: after making so much noise here and elsewhere for one week long, I finally got my contract activated

-------------------------------------
And what about nexusmining.com and scryptsy.com? I am trying to choose something right now, but a bit scared actually.

Nexusmining just stole my money. Stay away from them.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

Very expensive. 1 TH for 4 BTC. Ugh, pricey, even with fees included.

Who is cheaper? Only Hashnest

And bit-x.
Hashnest: 1.18 USD/TH/day
Bit-X: 1.66 USD/TH/day

You guys have to pay more attention in school. Math is not that hard...

I still don't understand how Bit-X works, how is their mine designed exactly?

Yes, these two are my primary choice ATM.
legendary
Activity: 1442
Merit: 1005
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

Very expensive. 1 TH for 4 BTC. Ugh, pricey, even with fees included.

Who is cheaper? Only Hashnest

And bit-x.
Hashnest: 1.18 USD/TH/day
Bit-X: 1.66 USD/TH/day

You guys have to pay more attention in school. Math is not that hard...

I still don't understand how Bit-X works, how is their mine designed exactly?
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

Very expensive. 1 TH for 4 BTC. Ugh, pricey, even with fees included.

Who is cheaper? Only Hashnest

And bit-x.
legendary
Activity: 1890
Merit: 1031
i am interested in mining as newbie and this thread is easy to understand.
mining at this point is not wise? or is it better to wait for later moment when price is higher.
Its a great way the learn about bitcoin, receiving btc, mining. Yeh! give it a try  Smiley
member
Activity: 118
Merit: 10
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

Very expensive. 1 TH for 4 BTC. Ugh, pricey, even with fees included.

Who is cheaper? Only Hashnest
sr. member
Activity: 518
Merit: 250
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

It is am interesting site. They are reselling miners and they provide loans.

We can sell hash power in their market and it is good. However, referral bonus is 1% of their income per hour which doesn't look good.

They might be Ponzi.

What if they do the AMHash scam thing? No more investing in these Chinese mining farms except for Hashnest for me, unless they provide solid proof and don't complicate things like AM...
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

It is am interesting site. They are reselling miners and they provide loans.

We can sell hash power in their market and it is good. However, referral bonus is 1% of their income per hour which doesn't look good.

They might be Ponzi.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?

Very expensive. 1 TH for 4 BTC. Ugh, pricey, even with fees included.
member
Activity: 118
Merit: 10
http://pow88.com/

0.004BTC\Ghs, maintenance 0$ - very cool offer!
Does somebody use it? Scam?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!

They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.

No problem, you can even find a few videos of their mini farms online. They have started just a few months ago so once they increase in size, they might potentially reduce their prices.


Thank you very much for answering.

Saludos / regards.  Cheesy Cheesy Cheesy


hero member
Activity: 690
Merit: 500

They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.


Thank you very much for answering.

Saludos / regards.  Cheesy Cheesy Cheesy

legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!

They do mine and in that sense are legit. However, their prices ll make you wait for your ROI long, long time, if ever.
legendary
Activity: 1316
Merit: 1481
UPDATE ON cointellect

Finally the site is offline.
I think it has been a very bad scam.
Some of their wallets were full of BTC.
Their aim has been fulfilled.

Thanks to this thread I saved some money.

To anyone wishing to join any cloudmining service please double and triple check!
newbie
Activity: 19
Merit: 0
Genesis Mining has shut down their scrypt operation.

Because they were out of hashes, not because of the running costs.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

ZeusHash just partnered with HalleyChina and are offering SHA-256 hosted mining for $0.299/GH/s. Actually a better price per GH/s than Hashnest S5 but daily maintenance is higher.

It all comes down to maintenance cause you get that charged every day. Besides, Zeus made a big time issue with their scrypt contracts and I personally choose not to trust them anymore.
legendary
Activity: 1806
Merit: 1164
And what about nexusmining.com
The price appears acceptable, there are no indications of the fees on their site. You don't know how much they'll charge you after you sign up and they intentionally try to evade this aspect.

They also claim to be Bitcoin Foundation Silver members, they are not any kind of members, and there is no Silver membership at the moment.

Help centre / Learning center

RISK FREE - they even guarantee it!

Registrant Name: Brett Langish
Registrant Organization: Nexus Mining
Registrant Street: 145 Traders Blvd E
Registrant City: Mississauga
Registrant State/Province: Ontario
Registrant Postal Code: L4Z3L3
Registrant Country: Canada
Registrant Phone: +1.8008408954
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: [email protected]

etc...

scryptsy.com?
1 BTC / 1 TH, no fees?

You can't even install a shitty 1 TH miner with 250$, yet these guys do it for you, and you don't pay anything after that?!

Affiliate Programme and start earning 1%-10% random commission!

They are called "scryptsy" as in "scrypt" the altcoin algorithm, and they sell bitcoin hashing only...

https://who.godaddy.com/whoisstd.aspx?domain=scryptsy.com >> Registrant Name: Registration Private

I am trying to choose something right now, but a bit scared actually.
You should be, you and everyone else keeps googling for scams to get burned on. Simply browsing this forum for the companies will reveal their capacity of providing their promised services.

At the moment only the S5 market purchased shares on HashNest are the most profitable and certain options.

https://bitcointalksearch.org/topic/nexusmining-add-more-hashpower-to-your-account-get-5-with-promo-codenwb67j-888378
https://bitcointalksearch.org/topic/scryptsycom-your-bitcoin-works-better-fixed-cloud-mining-contracts-700463


Don't leave out PACMiC v1 contracts at Hashnest.
legendary
Activity: 1806
Merit: 1164
is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

No man, nothing out there is reliable.
And especially not at these cryptocurrency prices at the moment.



I do not think there is a single one operational. Does Zeus still offer their overpriced service? Genesis Mining has shut down their scrypt operation.

ZeusHash just partnered with HalleyChina and are offering SHA-256 hosted mining for $0.299/GH/s. Actually a better price per GH/s than Hashnest S5 but daily maintenance is higher.
full member
Activity: 154
Merit: 100
But Bitmain ships the same miners for their customers so it's a sure thing. BitFury might be good too, but Bit-x is a separate company and these miners only exists somewhere there at their farm not shipping to customers... I'll stick with hashnest as number one in cloudmining for now. I think the scores in this thread are accurate on those big players given the current situation.
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