▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 63.

flyingplows

sr. member

Activity: 518

Merit: 250

Quote from: ToQcHista on February 26, 2015, 03:00:26 PM

Quote from: flyingplows on February 26, 2015, 02:38:17 PM

Quote from: ToQcHista on February 26, 2015, 11:34:13 AM

How many times exist this company ? Bit-x .

Bit-x is reliable in mining ?

Rate bit-x 0 from 10

you can find bit-x rated on the first page along with other companies:
Bit-x.com 1+4 => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)

Now how is ?

if things change it gets updated on the first page if i understand you correctly... so if you want only rating - all you have to do is look first page

ToQcHista

member

Activity: 98

Merit: 10

ToQcHista

Quote from: flyingplows on February 26, 2015, 02:38:17 PM

Quote from: ToQcHista on February 26, 2015, 11:34:13 AM

How many times exist this company ? Bit-x .

Bit-x is reliable in mining ?

Rate bit-x 0 from 10

you can find bit-x rated on the first page along with other companies:
Bit-x.com 1+4 => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)

Now how is ?

flyingplows

sr. member

Activity: 518

Merit: 250

Quote from: ToQcHista on February 26, 2015, 11:34:13 AM

How many times exist this company ? Bit-x .

Bit-x is reliable in mining ?

Rate bit-x 0 from 10

you can find bit-x rated on the first page along with other companies:
Bit-x.com 1+4 => 2/7 = Probably legit (preliminary assessment, partnership confirmed by Bitfury)

ToQcHista

member

Activity: 98

Merit: 10

ToQcHista

How many times exist this company ? Bit-x .

Bit-x is reliable in mining ?

Rate bit-x 0 from 10

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: suchmoon on February 25, 2015, 11:46:25 AM

The problem is that you still need to trust the "company" to tell you how much they sold. They could provide mining proof for some hashrate but sell many times more (fractional mining).

Seems so simple, yet none of the scams prove any hashrate, which is why proving hashrate is such a good indicator to scams.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: pajaperc on February 24, 2015, 04:13:58 PM

so can it be proof already? a claiming-to-be-cloud-miner-company should be able to provide coins (enough to cover for the claimed hashrate, length of operation and remaining free GHs for customers).

The problem is that you still need to trust the "company" to tell you how much they sold. They could provide mining proof for some hashrate but sell many times more (fractional mining).

CanInvest

newbie

Activity: 45

Merit: 0

I havn't seen any analysis of miningsweden.se on the OP.
Have you researched them already?

pajaperc

newbie

Activity: 54

Merit: 0

Quote from: BombaUcigasa on February 20, 2015, 03:13:36 PM

Quote from: Borgminer on February 20, 2015, 03:02:34 PM

so in order to not be a ponzi they need to answer those questions . so even if a person meets roi after 6 months and still earning they are a ponzi ?

Yes. ROI for one account does not mean ROI for the whole company. Not everyone will be able to ROI, it's a scam if they claim so. If however they mine and everyone gets provable fresh coins based on their invested contracts, or the whole company receives coins proportional to all contracts combined, then they are not a scam.

fresh coins. hmmm... it's just now that i've realized that.

so can it be proof already? a claiming-to-be-cloud-miner-company should be able to provide coins (enough to cover for the claimed hashrate, length of operation and remaining free GHs for customers).

i remember seeing this claim from one of them stating:

FRESHLY MINED COINS

We are selling freshly mined that have not been used in any transactions at a 5% markup for mixing purposes.

galdur

hero member

Activity: 616

Merit: 500

Quote from: AizenSou on February 24, 2015, 10:49:55 AM

Quote from: galdur on February 23, 2015, 08:05:06 AM

Bitcoin at $350

Quote from: bitpop on December 03, 2014, 10:38:22 AM

Quote from: randy8777 on December 03, 2014, 10:33:46 AM

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.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

Yeah it's a ponzi which draws almost 1bil $ in VC and thousands of most brilliant minds on the planet are working on it right now.
If you solely watch the price as its success indicator, you're in the wrong field, mate.
BTC price is currently mostly decided by daytraders/market maker. Someone with 10-20mil $ in capital could move the market as they wish.

Yeah, I guess that explains the constantly anemic volume and about zero buying interest. Sounds like your usual success indicator.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: galdur on February 23, 2015, 08:05:06 AM

Bitcoin at $350

Quote from: bitpop on December 03, 2014, 10:38:22 AM

Quote from: randy8777 on December 03, 2014, 10:33:46 AM

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.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

Yeah it's a ponzi which draws almost 1bil $ in VC and thousands of most brilliant minds on the planet are working on it right now.
If you solely watch the price as its success indicator, you're in the wrong field, mate.
BTC price is currently mostly decided by daytraders/market maker. Someone with 10-20mil $ in capital could move the market as they wish.

galdur

hero member

Activity: 616

Merit: 500

Bitcoin at $350

Quote from: bitpop on December 03, 2014, 10:38:22 AM

Quote from: randy8777 on December 03, 2014, 10:33:46 AM

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.

What's so hard about buying bitcoin? The fact you don't have to beg someone for it back?

Watching it constantly tank - I guess.

Scams, scams everywhere. Wonder if Havelock will be back.

Maybe Bitcoin itself is one big ponzi. Would explain why it´s always in the tank and why those who were early in the game always are so eager to draw newbies into the cratering returns.

Puppet

legendary

Activity: 980

Merit: 1040

Going over the list, I noticed ecrypto.co.in and chabatmining.com vanished (shocking!).

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: Borgminer on February 20, 2015, 03:02:34 PM

so in order to not be a ponzi they need to answer those questions . so even if a person meets roi after 6 months and still earning they are a ponzi ? or would it be considered a failed business . I dont know how long site has been open but they have been paying out since dec 1 for me . now whats really funny thats not on the list is Eobot. now thats a scam . advertising and selling ghs and not giving the speed . then charging 84 percent of what you mined.

even if someone ROI, there are others depost that hasnt reached ROI , example of pbmining, those who deposited earlier could have got what they invested already but there are tons that hasnt reached ROI

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Borgminer on February 20, 2015, 10:09:27 PM

the reply i received

Hello!

Our hashrate is split amongst the major pools as well as smaller ones. The split does change often but for the most part, we are on GHash.IO

Best regards,
Adrian

Easy, show us the ghash.io mining payout address.

Borgminer

hero member

Activity: 758

Merit: 500

the reply i received

Hello!

Our hashrate is split amongst the major pools as well as smaller ones. The split does change often but for the most part, we are on GHash.IO

Best regards,
Adrian

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Borgminer on February 20, 2015, 05:34:42 PM

so you think they are paying with other peoples investments ? if not then it isnt a ponzi

That's right, because it's not from mining.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Borgminer on February 20, 2015, 05:34:42 PM

so you think they are paying with other peoples investments ? if not then it isnt a ponzi

It's not really based on what someone "thinks", is it? It's relatively easy for a cloud mining business to prove that are making new coins, i.e. mining, as well as answer most of the other questions raised in the OP. That alone is not a sufficient proof of ponzi/non-ponzi, but failing to do so is one of the biggest red flags. Considering how many scams have recently collapsed it is extremely dumb for a legitimate business to make itself look like a scam.

Borgminer

hero member

Activity: 758

Merit: 500

so you think they are paying with other peoples investments ? if not then it isnt a ponzi

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Borgminer on February 20, 2015, 03:02:34 PM

so in order to not be a ponzi they need to answer those questions . so even if a person meets roi after 6 months and still earning they are a ponzi ?

Perhaps you need to research what a "ponzi" actually is.

http://en.wikipedia.org/wiki/Ponzi_scheme

BombaUcigasa

legendary

Activity: 1442

Merit: 1005

Quote from: Borgminer on February 20, 2015, 03:02:34 PM

so in order to not be a ponzi they need to answer those questions . so even if a person meets roi after 6 months and still earning they are a ponzi ?

Yes. ROI for one account does not mean ROI for the whole company. Not everyone will be able to ROI, it's a scam if they claim so. If however they mine and everyone gets provable fresh coins based on their invested contracts, or the whole company receives coins proportional to all contracts combined, then they are not a scam.

Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 63. (Read 361434 times)