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Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 59. (Read 361551 times)

legendary
Activity: 1274
Merit: 1004
AMHash hasn't been running a ponzi.

So where did the payments in January/February come from? Certainly not from mining?

Of course they ran a ponzi for a couple of months, stop splitting hair. They paid customers' money back to them. It's irrelevant that they weren't signing up any new ones IN THAT PERIOD, if anything that just hastened the collapse. Don't forget that mining ponzis are not your classical investment ponzis - you don't have to pay back 120% or whatever, you can slowly bleed the suckers by paying back 90% of the initial investment and everyone will be happy - hey, it's mining, sometimes you don't get 100%+ ROI.

Now whether you want to hope they will rise from the dead and pay everyone back - that's another story. I hope for that too, I have a couple of BTC invested there unfortunately. I got paid back for the Prisma fiasco, which also looked quite hopeless but still far from this clusterfuck.
You have an incredibly loose definition of the term Ponzi. The hallmark of a Ponzi is that it takes in customer/investor money and does nothing with it but use it to pay back earlier investors. If AM took in money for 5PH/s worth of equipment and deployed 5PH/s of equipment, it does not make it a Ponzi if there is a service interruption and they pay customer dividends out of profits/reserves until such time as replacement hardware can be deployed. It just means there's a service interruption.
Now, if FC and/or the AMHash team does run off with all the equipment and coin, it's still not a Ponzi. It might be a theft or a scam, but that is a much broader category than a Ponzi. It would only really be a Ponzi if the entire farm was an elaborate sham, and they've been paying out customers from their own funds this whole time.
newbie
Activity: 57
Merit: 0
Hey Puppet,
Greetings for nice job you have done with this discusion!
Can you please evaluate this "new" cloudmining - hashocean.com ?
For me is clear scam and rumors say - there are the same guys which did hasprofit before.
Regards
G
legendary
Activity: 3654
Merit: 8909
https://bpip.org
AMHash hasn't been running a ponzi.

So where did the payments in January/February come from? Certainly not from mining?

Of course they ran a ponzi for a couple of months, stop splitting hair. They paid customers' money back to them. It's irrelevant that they weren't signing up any new ones IN THAT PERIOD, if anything that just hastened the collapse. Don't forget that mining ponzis are not your classical investment ponzis - you don't have to pay back 120% or whatever, you can slowly bleed the suckers by paying back 90% of the initial investment and everyone will be happy - hey, it's mining, sometimes you don't get 100%+ ROI.

Now whether you want to hope they will rise from the dead and pay everyone back - that's another story. I hope for that too, I have a couple of BTC invested there unfortunately. I got paid back for the Prisma fiasco, which also looked quite hopeless but still far from this clusterfuck.

legendary
Activity: 1820
Merit: 1001
I have been in most of them they do work for very little and payments are shocking on fees. I use to be very active on Eobot however since their rates changed and ratio to mining and contracts changed form permanent to 5 years and also  the rate of what their fee is like 70 to 80% and making only 30% at good times will never brake even on their site any more. When BTC prices are up it was working fine and a good site to use but when prices are as low as they currently are, then it is almost imposable to make anything good.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
full member
Activity: 162
Merit: 100
While in this case I agree with you Puppet. There is a bunch of baseless panic that has bounced around an echo chamber of the same three jerks they are starting to beleive each other. Worst case AMhash got ripped off for a few PH. They have made millions and 90% of their hardware is still mining you idiots. 48 hours to process your payout from the 1st is tomorrow. Don't ask me to check my math I lived in Asia it is just how it works over there.

Still Puppet you need to man up to the misses it's still a good record by any standard, but now that it is clear Garbozo is on drugs at least admit you missed the call on GAW.
legendary
Activity: 826
Merit: 1004
AMHash has admitted to running a ponzi lol.

No they haven't. AMHash quite clearly denied running a ponzi:

1. The mining farm happened in Dec/25/2014 was not a PONZI like you said, AM did have hashrates before that day, and they were also hurt by the farm partner.When problem happened, AM were talking and finding some way to solve it and continue to pay divs daily, how can you say that PONZI? Any problem been solved need time, hope you understand.

A ponzi is where you pay old customers with the income from new customers. Like I said earlier, AMHash haven't had any new customers since the 24th of December 2014 and the hash rate disappeared on the 25th of December 2014. How could it possibly be a ponzi?

FC might have ran off with the money, he might have been kidnapped, he might be dead for all we know but one thing is certain - AMHash hasn't been running a ponzi.
legendary
Activity: 980
Merit: 1040
I defined "legit" as having provided reasonable evidence that they are mining with physical hardware and the goal was not to defraud customers.  In that sense, I still think Amhash was legit and unlike the actual collapsed ponzi's, there is even still a fair chance they will make their customers whole if/when FC resurfaces.

If you want to know which cloud mining operation is virtually risk free, the answer is -and always has been- :  none, even if you accept the difficulty/price risk.
legendary
Activity: 2128
Merit: 1119
So pretty much who other than Hashnest is the one to not fear mining with?

Seems to the only legit ones are Bit-X, Hashnest, and Genesis. AMHash has admitted to running a ponzi lol.
sr. member
Activity: 518
Merit: 250
Do I have to ask some extortionist garbage´s permission before I speak well of something that pays me good returns ? I think you sacks of shit should have your heads examined.

of course you have to get puppet's permission if you want to speak well of something that pays you good returns! if you dont understand such an obvious thing you should go educate yourself. however if puppet is offline, then you can only speak nice things about companies that are well rated on the first page of this thread...  it should be clear to you by now, have you fallen out of the moon?  Roll Eyes  Shocked
..these kids these days are so ignorant and disrespectful... Embarrassed  Angry
legendary
Activity: 826
Merit: 1004
Ponzi alert for AMHash!

What Huh Now FriedCat has turned out to be a Ponzi operator ?

No, that ignores the facts. Firstly, according to AMHash, FC said he was going to deploy more hashing power to cover the loss (isn't it funny the way people simply ignore that part). Given that AM had 60 Ph/s of BE200 last May, sales had been almost non-existent and AMHash 3 took in around 1 million USD, they should have been able to replace 5 Ph/s.

After then, FC told us that hashrates from new mining farms will be deployed, but we didn't know the amount at that time.Right now, we still don't receive any update from those new hashrates.

Secondly, AMHash haven't sold any contracts whatsoever since the 24th December 2014.

1.The AMHash3 shares has been sold out.

Thirdly, at least one address is still receiving payouts from Ghash.io so they're still receiving mining income.
hero member
Activity: 630
Merit: 500
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh received 2 large payments well after the "farm was stolen", though its origin is unclear.

From AM - 1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq is the addess last divs were sent from.
hero member
Activity: 616
Merit: 500
I haven´t had that ref for three months as you well know. Please lay off this pointless slandering.
I'm sorry, what? Aren't you the one going around calling those people who pointed out that the pbmining's of the world are ponzis "garbage" and "extortionists"? I would suggest you take a look in the mirror before talking about pointless slander.

What´s that supposed to mean ? Are you insinuating that this PB Mining runs everything else that you decide  beforehand is a scam ?

Maybe you´re the same guy as this puppet thing and some of his other clones. It´s the exact same condescending tone.

Anyway, fuck you and the rest of the extortionist garbage. Bye forever.
legendary
Activity: 1274
Merit: 1004
I haven´t had that ref for three months as you well know. Please lay off this pointless slandering.
I'm sorry, what? Aren't you the one going around calling those people who pointed out that the pbmining's of the world are ponzis "garbage" and "extortionists"? I would suggest you take a look in the mirror before talking about pointless slander.
hero member
Activity: 616
Merit: 500
Do I have to ask some extortionist garbage´s permission before I speak well of something that pays me good returns ? I think you sacks of shit should have your heads examined.
hero member
Activity: 616
Merit: 500
I haven´t had that ref for three months as you well know. And what if I did promote something back then. Do I need to ask the permission of some anons around here. Please lay off this pointless slandering. I realize that it´s a huge disappointment to you that what I promoted months ago hasn´t gone belly up yet in spite of all the slandering but you´ll just have to live with it.
legendary
Activity: 1274
Merit: 1004
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh received 2 large payments well after the "farm was stolen", though its origin is unclear.
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6 is still receiving relatively small amounts from ghash.

Either way, its totally unacceptable that AM and AMhash didnt make this public when it happened, if indeed it even happened.
It'll be interesting to see how it plays out. The hashrate counters on https://www.amhash.com/ from GHash also appear frozen around Christmas, so that might have been a tipoff that something was going on. Not that I expect any details to emerge, but it would be interesting to really know what happened between Rockminer and Asicminer and who's screwing who there.

Any updates today about the universe´s only non-scam cloud mining operator ?
Why would you think a company not being a ponzi like the crap you promote makes them not a scam?

What crap am I supposed to be promoting ? Get out of the slandering gear for a few seconds.

They are showing a payout for that 10 GHS

Latest Payout  0.00013975 BTC
Latest Payout Date  2014-11-04 00:00:01

www.cloudmining.website/?r=2143

Yep.

Referral Link  www.cloudmining.website/?r=2143

Mining Information

Latest Payout  0.00013975 BTC
Latest Payout Date  2014-11-04 00:00:01
Total Referral Earning  0 BTC
Pending Payment  0.00013975 BTC
Paid  0 BTC

I'm sure there's more shit services you were pumping, though I don't feel like looking for them. I know there was many messages of support for Cloudminer.IO, and I recall you participating in Cryptodouble. Not exactly a stellar record of picking winners, regardless of whether you individually broke even.
hero member
Activity: 616
Merit: 500
I posted my returns with what this extortionist garbage has been slandering for months. Of course this self-righteous junk and self-appointed judges of all and sundry would consider that promotion.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
hero member
Activity: 616
Merit: 500
1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh received 2 large payments well after the "farm was stolen", though its origin is unclear.
1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6 is still receiving relatively small amounts from ghash.

Either way, its totally unacceptable that AM and AMhash didnt make this public when it happened, if indeed it even happened.
It'll be interesting to see how it plays out. The hashrate counters on https://www.amhash.com/ from GHash also appear frozen around Christmas, so that might have been a tipoff that something was going on. Not that I expect any details to emerge, but it would be interesting to really know what happened between Rockminer and Asicminer and who's screwing who there.

Any updates today about the universe´s only non-scam cloud mining operator ?
Why would you think a company not being a ponzi like the crap you promote makes them not a scam?

What crap am I supposed to be promoting ? Get out of the slandering gear for a few seconds.
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