Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 49. (Read 361434 times)

I think i read somewhere that BitFury has their DC in Georgia.
From what I can see, Bit-x is more expensive per GHS and their maintenance fee is slightly higher than HashNest's.

There's interesting times ahead because whichever companies come up with the sub .01 w/ghs chip will likely be able to set lower prices and maintenance fees thus gaining a larger portion of the cloud mining market. From what I've read, Bitfury is fairly well placed in that "arms race".

So, with BitFury supplying hashing power, Bit-X looks like it will be a contender for some time into the future. Who knows for sure? Look at what happened with AMHash and I'm sure many thought they would be a long time contender. One thing we do know is that BitFury has been around for as long or longer than its competitors.

What is really, really, really hard about it is watching it constantly tanking and in the crapper. When will the hurt end?

Bitfury is peoviding them. They have already gave 1 PH. See https://bitcointalksearch.org/topic/the-official-information-resource-for-bitfury-group-896350. ROI looks almost same.

anyone know what kind of miners Bit-X uses? Where are they located? And is the ROI better than hashnest?

edited/update.

they took sweet time , eventualy they replied to my emails and credited me with purchased hash , just took almost 4 days !
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Feedback about nexusmining.com , since spandoolies guy kinda mentioned them as legit business i tried to buy small amount of hash for test purposes , guess what , its not even ponzi , its outright scam. I paid for small contract , btc went through , no hash credited. after 1,5 day they so called support replied (from gmail address!?) and promised to look into. Another 24h+ passed , no replays , no hash.

M.

that's what I needed to know, thanks.

Or you can buy immediately from current sell orders.

What to you mean how? It s the same like Hashnest. There is a market where people buy and sell hash. Deposit BTC to your account there, go to the market and make you bid. Once your price and quantity matches what somebody else is selling, you get your hash into your account and it starts hashing immediately. You sell it the same way.

That didn't tell me anything. Can someone just summarize in like one sentence how to buy hash power on bit-x? I've looked all over the site and don't see any options to do so. That's all I'm asking here guys. I answer questions about other sites for people all the time on these forums, is it too much to ask for a little help in return? ffs

Bro, thanks so much for this perfect analysis. While reading you, I am starting to get what such analysis should be like. Following the thread, will bring some more info shortly.

Yes, but in this case BitFury doesn't sell hashing power to individual customers (don't see such option on their website).

From investors point of view, it could be better to accept 'extra layer' of risk if the price is attractive enough.

While its true BF has confirmed the partnership, its worth pointing out that if bit-x doesnt directly control the hashpower, it adds another layer of risk. If BF goes tits up, you lose your investment. If Bit-x goes tits up, idem ditto. All other things equal, its always safer to invest directly with the owner of the hashrate.

following

It is as scam as it gets man Don't send your money there, its a cheap clone of a previous russian scam... One of the most obvious and noobish scams in here.

Information will be provided by BitFury too.

Until then you can rest assured as BitFury's partnership is confirmed with Bit-X!

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...

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

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

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

Yeah. I suppose dat was a stupid question. Thanks.

No, but watching it constantly tank is. Which is why most people with a modicum of brain activity have given up on on listening to all those legendary experts around here that are always and consistently wrong about the bitcoin market.

It'll be public soon - everyone said so

Will there be any real time reporting of the sold hash power too ? Otherwise what would we tally ?