▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 51.

TigerMart

full member

Activity: 271

Merit: 117

Quote from: marcotheminer on April 07, 2015, 01:23:37 PM

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

What is the mining address of https://bit-x.com ?

marcotheminer

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Activity: 2072

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┴puoʎǝq ʞool┴

Quote from: acquafredda on April 07, 2015, 03:16:58 PM

Quote from: marcotheminer on April 07, 2015, 01:23:37 PM

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

Bit-x may be legitimate but as an exchange might play by using a fractional reserve based mechanism.
Are you in charge of bit-x?

I am not in charge of Bit-X.

The sum of cold and hot wallets total to at least all users' funds. I'll have your doubts cleared as soon as possible, stay tuned for an official response.

crazyivan

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Quote from: cryptojumper on April 08, 2015, 12:20:54 AM

I think hashnest is most reliable because it is not only backed by major manufacturer - it is owned by major manufacturer and they can't just scam on cloudmining and continue operations like nothing happened. If I am to invest I will invest definitely there.

The only issue I see with hashnest is the fact they pay per block. Genesis Mining, for example pays a more-less fixed amount per day. It probably comes down to the same amount but it is a bit discouraging when Antpool hits bad luck for 5 days in a row and your payments get cut in half. I m not sure how does Bit-X pays.

cryptojumper

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Activity: 154

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I think hashnest is most reliable because it is not only backed by major manufacturer - it is owned by major manufacturer and they can't just scam on cloudmining and continue operations like nothing happened. If I am to invest I will invest definitely there.

crazyivan

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Quote from: marcotheminer on April 07, 2015, 01:23:37 PM

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

Bit-x s fine but he wanted a service mining altcoins and converting into BTC. Bit-x mines SHA-256 AFAIK.

acquafredda

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Activity: 1316

Merit: 1481

Quote from: marcotheminer on April 07, 2015, 01:23:37 PM

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

Bit-x may be legitimate but as an exchange might play by using a fractional reserve based mechanism.
Are you in charge of bit-x?

ToQcHista

member

Activity: 98

Merit: 10

ToQcHista

Quote from: marcotheminer on April 07, 2015, 01:23:37 PM

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

+1
bit-x forever

marcotheminer

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Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: crazyivan on April 07, 2015, 12:08:22 PM

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

https://bit-x.com is legitimate.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: acquafredda on April 07, 2015, 11:50:01 AM

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

acquafredda

legendary

Activity: 1316

Merit: 1481

Quote from: nakaone on April 07, 2015, 09:43:47 AM

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.

nakaone

hero member

Activity: 742

Merit: 500

is there a reliable cloud mining service mining altcoins and instantly converting them to btc?

cryptojumper

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Activity: 154

Merit: 100

backing from manufacturers sounds different than manufacturers themselves doesn't it? the only one left looks like Bitmain and their hashnest. too bad...

Mabsark

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Activity: 826

Merit: 1004

Bit-x, Hashnest and Genesis Mining all have backing from manufacturers.

Bit-x = BitFury
Hashnest = Bitmain
Genesis Mining = Spondoolies

crazyivan

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Quote from: cryptojumper on April 03, 2015, 03:55:24 AM

I've read that they are backed by bitfury, but just wanted to confirm that. So then they are a separate company that could close the mining on various reasons and bitfury would not be responsible looks like.

Well, in theory, yes. But they do seem to be very professional. The website s great, they have invested a lot into marketing as well and I think they re here to stay.

cryptojumper

full member

Activity: 154

Merit: 100

I've read that they are backed by bitfury, but just wanted to confirm that. So then they are a separate company that could close the mining on various reasons and bitfury would not be responsible looks like.

crazyivan

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Quote from: cryptojumper on April 03, 2015, 03:50:36 AM

I had a second thought and I would agree, I'm gonna invest in hashnest, cause genesis-mining does not have manufacturing business to lose if they close cloudmining and flee. What about this bit-x? They also produce miners? No miners on their page, they are separate company?

They have a deal with Bitfury and they use their infrastructure. If you do decide to invest in Hashnest, let me know what you need, I have some cloud miners to sell, via their exchange.

cryptojumper

full member

Activity: 154

Merit: 100

I had a second thought and I would agree, I'm gonna invest in hashnest, cause genesis-mining does not have manufacturing business to lose if they close cloudmining and flee. What about this bit-x? They also produce miners? No miners on their page, they are separate company?

crazyivan

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Besides Bit X and Hashnest, I would not even consider touching any other cloud mining services. The key s who produces the miners, if there s no link with the manufacturer, I would pass on it.

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: cryptojumper on March 30, 2015, 09:19:32 AM

Quote from: ToQcHista on March 27, 2015, 11:36:39 AM

is this company reliable ?

https://www.genesis-mining.com

i was thinking about buying some contracts here, but everybody now talks more about getting out and not about investing somewhere Grin

maybe i'll wait for better days, unless something changes.
why risk if you are even lucky to get your money back, not even talking about profit

I think that s a smart decision. Genesis Mining s expensive and their biggest issue s no exit option. You cant sell your hash and get out.

cryptojumper

full member

Activity: 154

Merit: 100

Quote from: ToQcHista on March 27, 2015, 11:36:39 AM

is this company reliable ?

https://www.genesis-mining.com

i was thinking about buying some contracts here, but everybody now talks more about getting out and not about investing somewhere Grin

maybe i'll wait for better days, unless something changes.
why risk if you are even lucky to get your money back, not even talking about profit

Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 51. (Read 361586 times)