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Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 64. (Read 361524 times)

hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
so in order to not be a ponzi they need to answer those questions .

Yes.

so even if a person meets roi after 6 months and still earning they are a ponzi ?

Yes, they are unless they give proof.

or would it be considered a failed business .

It is upto them to decide it but once it is obsolete, we can tell "they are failed business".

I dont know how long site has been open but they have been paying out since dec 1 for me .

Their domain was first registered on 2014-10-30.

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. 

Eobot is there in 'Ticking timebombs' where you saw Cloudminr.

   -MZ
hero member
Activity: 758
Merit: 500
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. 
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .

Every ponzi do it. It is mostly a scam because it isn't providing legit-proofs about their mining. They didn't publish a block solved by them. Take a look at PBMining and you will know what we're telling.

   -MZ
hero member
Activity: 758
Merit: 500
how is cloudminr.io a scam ?  I purchased ghs with them so i would really like to know . customer support always answers questions i have sent them .
full member
Activity: 238
Merit: 100

spondoolies-tech.com makes very good miners, they are reliable, I have bought some and I am very satisfied
technobit.eu makes cheap, noisy, energetic non efficient miners, I have bought there, I was satisfied for a while
bitmaintech.com makes good, efficient, cheap miners, I have bought there, I am satisfied
member
Activity: 98
Merit: 10
Mine hard!
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Love this damn post! Keep the list going!

Next up one on the odds for the casino sites?  Shocked

IIRC There is one already made by DiamondCardz.

   -MZ
member
Activity: 98
Merit: 10
Mine hard!
Love this damn post! Keep the list going!

Next up one on the odds for the casino sites?  Shocked
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
No they're not cloud mining. I've read that they're selling off the 5 PHS of Bitmain S4 miners they bought for this. The company line is that the maintenance fees they collected did not cover the cost for cloud mining. Others say that there's SEC concern about them mining now that they're running PayBase, Paycoin and an Exchange. GAW is trying to be the first company doing things by the book so that they can release the PayBase features when they get the legal green light. Once they set the example of meeting legal requirements in what they are doing behind the scenes now, others will be examined by the governments and have to meet the same requirements too. It will be interesting to see how Crypto 2.0 unfolds in 2015.

I also got the email. But... I think THs-they-were-selling isn't equal to THs-they-have.

   -MZ
hero member
Activity: 786
Merit: 1000
Don't buy anything from GAW miners, unless you want to support a scam operation. https://bitcointalksearch.org/topic/gaw-josh-garza-discussion-paycoin-xpy-xpyio-ion-ionomy-always-make-money-857670

They shutdown it recently. Did they start cloud mining again?

   -MZ

No they're not cloud mining. I've read that they're selling off the 5 PHS of Bitmain S4 miners they bought for this. The company line is that the maintenance fees they collected did not cover the cost for cloud mining. Others say that there's SEC concern about them mining now that they're running PayBase, Paycoin and an Exchange. GAW is trying to be the first company doing things by the book so that they can release the PayBase features when they get the legal green light. Once they set the example of meeting legal requirements in what they are doing behind the scenes now, others will be examined by the governments and have to meet the same requirements too. It will be interesting to see how Crypto 2.0 unfolds in 2015.
legendary
Activity: 3878
Merit: 1193
Looks like bitcloudmine.com is the newest ponzi scam.
hero member
Activity: 560
Merit: 500
Excellent work, most of these sites are indeed scams.

Keep it up.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Don't buy anything from GAW miners, unless you want to support a scam operation. https://bitcointalksearch.org/topic/gaw-josh-garza-discussion-paycoin-xpy-xpyio-ion-ionomy-always-make-money-857670

They shutdown it recently. Did they start cloud mining again?

   -MZ
legendary
Activity: 3570
Merit: 1959
hero member
Activity: 786
Merit: 1000
check out these 2 guides:

Dogie's Comprehensive Manufacturer Trustworthiness Guide:
https://bitcointalksearch.org/topic/guide-dogies-comprehensive-manufacturer-trustworthiness-guide-1st-feb-2016-456691

and

Bicknellski's Moderated Biased & Opinionated Miner Sellers Trustworthiness Guide
https://bitcointalksearch.org/topic/guide-bs-a-more-ethical-trustworthy-miner-sellers-trustworthiness-guide-799423


Personally, I buy from Bitmain. I hear Spoondoolies is very good to deal with too.
hero member
Activity: 616
Merit: 500
Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.
Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.

I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.

Any business accepting clients' money can steal them. Just look on the banks Wink

But that´s ...///drumbeat///... legal scamming. You know, like when the government has a monopoly on the use of violence. Which it decreed on itself of course while it legalized sundry scams. Scamsters often require quite violent protection that goes without saying.
full member
Activity: 196
Merit: 100
What Anybody Know Site to cloud mining LTC or DOGE but not SCAM or PONZI??

Cheesy Cheesy Cheesy
legendary
Activity: 1890
Merit: 1031
hero member
Activity: 859
Merit: 1000
Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.
Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.

I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.

Any business accepting clients' money can steal them. Just look on the banks Wink
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