▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 75.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Dilemma on January 07, 2015, 07:14:15 PM

i waiting your scyript.cc report
then maybe i will join there
if it can be beetwen 0/8 and 2/8

No need to wait, you can assess them yourself. Just look for their business registration, mining addresses, pictures of their datacenter, find asic endorsement etc. Can you find them? I cant either so its not likely going to be a 0 or even 2.

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: alevlaslo on January 08, 2015, 02:05:16 AM

why Knccloud is legit, they website do not has the fotos of farms

Because they are legit. They are ASIC vendors. See https://www.kncminer.com .

~~MZ~~

alevlaslo

hero member

Activity: 1988

Merit: 593

why Knccloud is legit, they website do not has the fotos of farms

alevlaslo

hero member

Activity: 1988

Merit: 593

Hashprofit is not working now

Dilemma

full member

Activity: 168

Merit: 100

i waiting your scyript.cc report
then maybe i will join there
if it can be beetwen 0/8 and 2/8

armedmilitia

hero member

Activity: 562

Merit: 506

We're going to need a bigger heatsink.

Probably legit for 3/7 and Probably/partially legit for 4/7 sound very similar. How about renaming probably/partially legit to "possibly legit" or "maybe legit"?

whitewhidow

member

Activity: 112

Merit: 10

Quote from: suchmoon on January 07, 2015, 01:35:05 PM

Quote from: Puppet on January 07, 2015, 12:40:54 PM

scrypt.cc will be added later, but at first glance seems an obvious case of 'stay away'.

Probably. No transparency whatsoever. Very poor or no communication, site often has issues. Surprisingly it keeps paying out even after some blackouts when many expect it to be folding already, but that doesn't mean much for "risk assessment".

I have support ticket there, open from LAST YEAR !!! i've NEVER gotten a response to ANY ticket from these guys ... not to mention their rediculous withdraw fee

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Puppet on January 07, 2015, 12:40:54 PM

scrypt.cc will be added later, but at first glance seems an obvious case of 'stay away'.

Probably. No transparency whatsoever. Very poor or no communication, site often has issues. Surprisingly it keeps paying out even after some blackouts when many expect it to be folding already, but that doesn't mean much for "risk assessment".

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: MrTeal on January 07, 2015, 10:15:25 AM

Do they still sign blocks? I think they moved it all over to Antpool, which isn't entirely Hashnest and I don't think shows any top hashrate stats. I could see how that might be a bit of debatable one, since you can't select a pool and they aren't explicitly signing their blocks anymore.

Signing blocks to me isnt a requirement, as long as they provide the addresses where the mined coins are sent to (be it from coinbase transaction or just the pool paying out).
I thought hashnest provided those, but I cant seem to find them now.

scrypt.cc will be added later, but at first glance seems an obvious case of 'stay away'.
Ill look further in to MN_BTC too.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: Puppet on January 07, 2015, 10:08:26 AM

Quote from: Josepht on January 06, 2015, 09:29:34 PM

Hey Puppet,

I have a question about Hashnest. When I bought some GH/s there, I couldn't direct them to the pool of my choice.
Therefore I wonder why they have a score of 0/8 and not 1/8.

Because they published their mining addresses. User select-able pool is not a requirements for point 1, provable hashrate is.

Do they still sign blocks? I think they moved it all over to Antpool, which isn't entirely Hashnest and I don't think shows any top hashrate stats. I could see how that might be a bit of debatable one, since you can't select a pool and they aren't explicitly signing their blocks anymore.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Josepht on January 06, 2015, 09:29:34 PM

Hey Puppet,

I have a question about Hashnest. When I bought some GH/s there, I couldn't direct them to the pool of my choice.
Therefore I wonder why they have a score of 0/8 and not 1/8.

Because they published their mining addresses. User select-able pool is not a requirements for point 1, provable hashrate is.

Dilemma

full member

Activity: 168

Merit: 100

what obut sicript.cc ?
is it legit?
is there anybody invest this site or can i take withdraw now?
Thanks to who help me

eneloop

legendary

Activity: 1513

Merit: 1040

Quote from: hashnest.com on January 07, 2015, 12:21:09 AM

Quote from: Josepht on January 06, 2015, 09:29:34 PM

Hey Puppet,

I have a question about Hashnest. When I bought some GH/s there, I couldn't direct them to the pool of my choice.
Therefore I wonder why they have a score of 0/8 and not 1/8.

Great thread btw

Hi, please noted that we are developing related functions, will be online around 3 months later. However, this function requires a more efficiency and stronger VPN, and repeatedly testing is needed before released.

@Puppet
Hashnest -> 1/8

Puppet

legendary

Activity: 980

Merit: 1040

Its both and neither. From a usage POV, it acts more like currency, as you can easily exchange it and buy things with it. In theory you could do that with golden coins too, but its hardly practical.

But from an investor POV, its clearly a limited supply commodity, very different from fiat currency. Unlike fiat, bitcoins are not created from debt, and therefore cant be created (or destroyed) in response to economic activity. You therefore can not expect to make a % return, nor do you need to, as its not infinitely inflationary like fiat. It acts just like gold. This makes BTC a very poor instrument to invest with rather than in.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: Puppet on January 07, 2015, 04:00:54 AM

Quote from: grendel25 on January 07, 2015, 01:00:16 AM

Any thoughts? I'll have about $1K US dollars pretty soon and am looking to put it towards btc in a meaning ful way. I love the game and want to actively be working with btc.

Lets say you purchased another limited supply commodity such as gold instead of btc. What would you do to "actively be working with your gold" ?
You cant, or at least not in a way that is not extremely likely to generate losses.

BTC is the investment, they are cheap now, just put them in a cold wallet.

You can't do much with physical gold, but there's plenty of ways to invest BTC and there's nothing wrong with that.

So what happens to bitcoin if everyone treats it like an investment on its own, everyone just holds and no one uses it? Price will skyrocket right?

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: Puppet on January 07, 2015, 04:00:54 AM

Quote from: grendel25 on January 07, 2015, 01:00:16 AM

Any thoughts? I'll have about $1K US dollars pretty soon and am looking to put it towards btc in a meaning ful way. I love the game and want to actively be working with btc.

Lets say you purchased another limited supply commodity such as gold instead of btc. What would you do to "actively be working with your gold" ?
You cant, or at least not in a way that is not extremely likely to generate losses.

BTC is the investment, they are cheap now, just put them in a cold wallet.

many of users from this forum will not agree with you when you say "BTC is the investment". they say "BTC is a currency"

I can say that BTC is a very high risk investment, similar with a HYIP. More than that, you cannot be sure if you wake in the morning and your BTC wallet is not on zero because an Ukrainian or Russian hacker stole your funds.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: Puppet on January 07, 2015, 04:00:54 AM

Quote from: grendel25 on January 07, 2015, 01:00:16 AM

Any thoughts? I'll have about $1K US dollars pretty soon and am looking to put it towards btc in a meaning ful way. I love the game and want to actively be working with btc.

Lets say you purchased another limited supply commodity such as gold instead of btc. What would you do to "actively be working with your gold" ?
You cant, or at least not in a way that is not extremely likely to generate losses.

BTC is the investment, they are cheap now, just put them in a cold wallet.

Absolutely +1 on this.
The "investment" industry that has grown up around Bitcoin doesn't need BTCs per se, any currency will do, but it thrives on the mistaken belief that coins should somehow be 'working' to justify their possession, like buying real estate for price appreciation but also with a rental value.
That is not the function of Bitcoin as I understand it, but it shows how unclear a lot of newcomers are about what to with it. They want it to ape fiat, Hodling is not enough for them and you can only buy so much coffee or Overstock sheets.
Put this together with the libertarian dogma of greed is good and the relative lack of sophistication of many new, young 'investors' and you have the cesspit that currently masquerades as the "Bitcoin Investment Industry" aka Scammers Retirement Fund.

jedi108

newbie

Activity: 3

Merit: 0

please add cryptsy.com
https://www.cryptsy.com/markets/view/MN_BTC
https://www.cryptsy.com/currencies/view/260

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: grendel25 on January 07, 2015, 01:00:16 AM

Any thoughts? I'll have about $1K US dollars pretty soon and am looking to put it towards btc in a meaning ful way. I love the game and want to actively be working with btc.

Lets say you purchased another limited supply commodity such as gold instead of btc. What would you do to "actively be working with your gold" ?
You cant, or at least not in a way that is not extremely likely to generate losses.

BTC is the investment, they are cheap now, just put them in a cold wallet.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: siampumpkin on January 06, 2015, 09:30:44 PM

Quote from: siampumpkin on January 03, 2015, 12:07:50 PM

You should add ContractMine.com

I am experimenting with it here in this thread https://bitcointalksearch.org/topic/m.10007621

I feel it needs some investigation. I hope to get some details on payouts, if any, soon.

Please add CONTRACTMINE.COM to the listing. I think it needs attention.

Thanks.

I dont think it needs any more attention. Even assuming it does what it says, it should be obvious to anyone who read this thead that its bad idea because several of the companies in the index are ponzi's. Secondly, on the payout addresses I see amounts coming in that are on the order of 0.1 BTC per month or less. Tiny by any standard, and lets keep it that way.

Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 75. (Read 361480 times)