Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 70. (Read 361524 times)

Each user has a separate deposit address of course. As deposits come in they are swept into a shared wallet, which is what you found. I think most exchanges operate that way.

Do they just have one address for everyone or is that a specific users address?

It's BTC-e.

So given that coins stolen by so many scams end up at that address, why are your coins being sent there and what is it?

I've just found a link between cloudminr.io and 1FsVcdeHbpvUVT3gjeuVR2ZSDnpcsJMsLL, an address that ended up with the cryptominer.io coins.

The cloudminr.io payout address is 1CMR18ds3W4tz3MceN7wkm4NsaFW9jxvk9 which sent 0.0189623 BTC on 2014-11-09 21:47:42 to 163hR6atXKv8cbUhjaBkmjuaGHndQWg9kh.

163hR6atXKv8cbUhjaBkmjuaGHndQWg9kh, along with 1PfSp72cYBTkqohUFpdQMJu4eoCifoxgxf and 1FkGxvpBbyTvuww41NTBzL1BiU7TPEfD6C then sent 0.07799983 BTC to 1Hy1RGG1oCJxV94wqEMdzyCtMXiyGh3naX. There are 5 other payments to this address:

1DpAd8DCNLwEGiZ1CWxmBHgrGHiVyxD77g (0.00319328 BTC)
18mmSJc4XnbFFdLiXTWYdhKFbKBQwCQAT2 (0.3225915 BTC)
19PXbU796NtUkQf858mSbPhhYSKkfkfjPC (0.01322624 BTC)
1LaixAQEGfVzgesmyMnja8KRo79LPndMEf (0.17698 BTC)
1Lb2FnMpRsmVZwdV1rGt1ysXyQ2aeBjbKk (0.0489 BTC)

18mmSJc4XnbFFdLiXTWYdhKFbKBQwCQAT2 made 2 payments to 1CMR18ds3W4tz3MceN7wkm4NsaFW9jxvk9 as well.

1DpAd8DCNLwEGiZ1CWxmBHgrGHiVyxD77g sent 0.23 BTC to 1DpqdziWjddCkYdZG8G8RCugg5FwBXdeEu - the address of the cloudminr.io signature campaign.

19PXbU796NtUkQf858mSbPhhYSKkfkfjPC also makes a payment to the signature campaign address - 1DpqdziWjddCkYdZG8G8RCugg5FwBXdeEu

The address 1Hy1RGG1oCJxV94wqEMdzyCtMXiyGh3naX therefore belongs to cloudminr.io too. This address makes a single payment to 1BNFnhxnS6YMs4zeXg33ex5xb9eew8zJsv which makes a single payment to 16KQFWL71JTYWuarPojB6UXNdHXGZKjG4k for 3.08677474 BTC along with the following addresses:

13kRuLmSS32KD6hWLUEN7BEqusd5PQcrV1 (1.64419489 BTC)
16Av35JeCFDZ2fygo5YjT3uAHTyXDWwYcC (0.75072814 BTC)
1Foq1LujmikEbczo2D2bG4vwVKVEwV6weP (0.04966086 BTC)
1BNFnhxnS6YMs4zeXg33ex5xb9eew8zJsv (0.64229085 BTC)

16KQFWL71JTYWuarPojB6UXNdHXGZKjG4k then makes a payment to 1FsVcdeHbpvUVT3gjeuVR2ZSDnpcsJMsLL for 57.23446175 BTC along with the following addresses:

1HxusKvKnmxYVdzAcvqNmZZFMoSUZcbyjZ (0.0071717 BTC)
1PXwGwaHuv1jTLkHCeR8W2R4Q39t6VsNVJ (0.1 BTC)
1NHYRcEZPKCAdBvgAtCd89WYqddnJJWixD (0.0775821 BTC)
1NACi4cLCsVWJC4wPFzvgDg51epKjPTXia (0.05217515 BTC)
13t3zKJwwwYSdJofk85jHVyZqGem1xckbb (0.11 BTC)
1B5pTgCgAUvB2DiadwgNBXz9Mz8JAXPzT9 (25.0001 BTC)
1Nmbf1ondFqNyZrw9ePA2qPaBSdwYemhF7 (0.5 BTC)
1PENKaJmMZLueG1wxr62ScZCcXcA2qxZJ1 (7.9998 BTC)
13kcgWk6CvVogQrZWMmZPdJALJHWwrBxAn (0.03474557 BTC)
16KQFWL71JTYWuarPojB6UXNdHXGZKjG4k (4.78738909 BTC)
1Kzo7qPNctCpn6EZ7SNaJZ5jT339Wn3XkB (15 BTC)
14BZcLdXx8573n3UmEYNu3TPa84jmHQiyY (0.4787234 BTC)
16KQFWL71JTYWuarPojB6UXNdHXGZKjG4k (3.08677474 BTC)

1FsVcdeHbpvUVT3gjeuVR2ZSDnpcsJMsLL is mentioned as being involved in lots of scams, for example:

https://bitcointalksearch.org/topic/m.9324935
https://bitcointalksearch.org/topic/m.9086516
http://www.reddit.com/r/Bitcoin/comments/2hv0jd/i_think_someone_just_tried_to_steal_my_coins_but/
https://bitcointalksearch.org/topic/m.9761385
https://bitcointalksearch.org/topic/homebtc-3-hourly-for-investment-915627
https://bitcointalksearch.org/topic/m.10142009
https://bitcointalksearch.org/topic/m.10135731

So given that coins stolen by so many scams end up at that address, why are your coins being sent there and what is it?

Hi guys and hello Puppet. I've just recieved a reply from Cointellect staff. I've asked if they could clarify the legit points that Puppet revealed to detect a scam cloud mining service. Probably this isn't say a lot and doesn't prove much but at least they tryed to
Check yourselves and comment about it.


UPDATE: Interesting video directly from Cointellect Staff (Sonera Corporative OU) https://docs.google.com/file/d/0BwhlByKyFNFXV0VoLWtVbmhoYVE/edit  This video was made under request from one of our member (I speak for our italian Cointellect group) that REALLY went to Tallinn (Estonia) to meet their portuguese PR (Public Relations) and visit their offices. If you're interested on the trip and want the details just ask

Hello again,

We understand that you are referring to an online forum post that lists Cointellect as a scam. We understand your concern; however, I can say with confidence that we have no intention of scamming users. We are a legally registered corporation with satisfied users throughout the world.

The "points" mentioned on this anonymous post can easily be rebutted.

1.- Our mining address is already public. You can get the information in the advanced configuration page https://cointellect.com/download/advanced/

2.- We have already provided our partnership with hardware providers in our news page, you can get the information directly at https://cointellect.com/news/view/?id=14

3.- As you alredy know, we have many pictures about our mining hardware available and we even provided a live feed of our mining facility in China. http://dc.cointellect.com/ You can see our Datacenter directly like you were there.

4.- We do not have an open ended IPO, you can find our available hasharate and total processing power available in your Dashboard within a Blue box.

5.- We offer an affiliated program because the commission is discounted from the contract price, it does has a low margin profit for our company, but we can compensate the gains with our service and trade fees.

6.- The names of our Operators are already public.  Our founders are Aleksei Saaremagi and Leonid Ageev. You can also read our About Us, our FAQ for all other pertinent details about our company.

7.- We do not understand the "exit strategy" term. But you are free to withdraw your earnings at any time, although at this time there are a few delays with our instant withdrawals, we never freeze your earnings.

8.- CoIntellect does not guarantee you mining earnings, as it is, due to the volatile nature of digital currencies, users of our service understand that the value of their mining contracts may become worthless any given moment.

I hope this can clarify your doubts, as you can see, their information is not complete and we are always improving our platform. If you want to contact us directly, you can visit us at the Bitcoin Expo 2015 http://bitcoinexpo2015.com/

Yes its very witty Puppet, BUT you still refuse to acknowledge GAW was and still is a ponzi what exactly further evidence do you need? The blatant manipulation if pool rates on ZEN cloud the fact that they stopped mining and the overall hashrate didn't even flinch. If even the whole PAYCOIN/PAYBASE disaster doesn't convince you, what will?

I suggest you read the entire line about GAW.  in case you cant scroll horizontally its rated "4/7*= Possibly/partially legit based on criteria set forth. Based on wider context: more suspicious than a nun squatting in a cucumber field".

As for genesis mining; I only see an accusation of shilling or sock puppetry. That sort of behavior wouldnt surprise me one bit from any company on my list. I make no attempt to judge company ethics, the disclaimer defines legit as " All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate." If you have evidence that undermines that claim for genesis mining, or my rating for it,  Id love to see it.

again, how usefull would it be, if there was a site, where from now on, if you typed that adress, you would get a fat red warning, links to this thread, and more ...

More:

1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3 > 0.0087 > 1GSWxmZU3oHiyBA7PhoqE5ZrAN5YHtjbYx > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0002804 > 1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3

1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3 > 0.0087 > 1LTcF4xkch1d5Gb5yTkbGCUsjspHp9KWVp > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0002804 > 1PdvNQYCnWP9NftxE6gu5DvYVSnkgwnXu3

1s3DP7QaqwsRrTEn6UQBd9zPCmmvv6KW3 > 0.0087 > 1DzwbKnTXSJtnW2QXjE5EtV1TSSa5bDfki > 0.0087 > 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 > 0.0043462 > 1s3DP7QaqwsRrTEn6UQBd9zPCmmvv6KW3

Proof of ponzi for MineThatCloud:

The payments were made form 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3.

0.0087 BTC was sent from 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC to 1JgxteZWCuZLu4FnPUWv3Jxgj89QkFXLvX which sent 0.0087 BTC to 1844aNo5gAssVSmUmLwk6qG61uBNdQswH3 which sent 0.0001402 BTC to 12wmRSVf1e6MTpmvGuUxreEXxbaRHkepuC.

I didnt know hashnest resumed. Ill check and update that in a second
cryptx dissolved their mine, and I moved gaw to obsolete as they are no longer in (PoW) cloud mining business

Did somebody else stop mining (except CEX)? Hashnest had closed and then opened.