Topic: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ - page 82. (Read 361524 times)

I was very excited and eager to get into cloud mining, but after reading this thread I'm full of dread.
Is there a cloud mining service you'd recommend that can accept credit cards?
Hashnest looks profitable but only accepts bitcoin which I'm very low on these days.
AMHash is sold out it seems, but they also look good.
Genesis Mining takes cards, but from their fees and pricing looks like it would be a bad deal compared to the rest.
KnC may be a good choice, but not sure if they take cards or not.
Any recommendations?

I am so sorry I should have read your reply.

And this is why YOU should not be making assumptions or predictions based solely on opinion. The "shares" that you see there are NOT how long it took the "Pool" to solve the block, the "Shares" you see in that example are MY cloud shares that were submitted by ME. Please PLEASE tell me you were not so stupid to think that a bitcoin block today si only 216576 Shares You said and I quote


this is why your view on CEX.io is messed up, you dont even know what you are reading.

Again pay attention CEX fees may be defined in USD but they are charged in shares submitted which is way more than the 10cents per GHS per month they claim. Hell in those 4 blocks right there I already have 11 cents USD in fees ADD IT UP that was only for 4 of the 40 blocks (average) per day they solve. They say 10 cents per GHS per month heck they are charging almost 3 cents per block and roughly 11 dollars a day and on long blocks like 6 hours or more you are paying the whole 10 cents per ghash in that 1 block solved. so from the math we see here we can estimate 50 GHS of cloud mining will cost you 363 USD a month in fees. that is $7.26 USD per month per GHS.

you should expect to recieve 2/3 of the reward the machines bring in and pay 1/3 in fees roughly.

You need to do some better research on these guys bro and start understanding what you are reading. I recommend you get an account and study it, cause the shit your basing your opinion on is waaaay offf from whats really going on in there.

I am certainly no fan of Puppet, however, did anyone notice anythig really funny or contradicting about thier message? So they say thier people who can handle the DDOS attack are on holiday until january 5th. However they just so happened to have a person hanging around who could completely recode their index.html page as well as code a second page using Java script, MySql and PHP that will accept payments in order for you to recieve satisfactory customer service from any complaints you may have.

I pray to god no one was stupid enough to send thier BTC and file a formal message with these idiots.

The person who spent 9+ hours re-coding their site could have very easily and quickly ended the DDOS attack. it takes a lot less intelligence to stop a DDOS attack than it does to rewrite and completely re-code an Index.html with a button to a second page that also accepts payments and code that whole page.

Thank god I already got my ROI from these guys Good luck tho those of you who put a massive amount of BTC with these scammers, you should have checked their WHOIS which is completely whois guarded. and the registrar is enom and the phone number they ahd displayed was for Enom abuse not to anyone involved in HAshprofit.

Puppet do you use anything from whois in your predictions?

HashProfit.com was so obviously scam.
Each time I went to their site, there was a warning that their stock was almost sold out, and the nex day they just came out with millions of new stock
And they had unbelievable deductions like 55%, 65% and I even got an email providing a 75% OFF coupon

LTCgear Chris, is my favorite scammer. You can't buy anything cheap from him, you gotta shoot a grand to join the club
He even didn't care about paying someone to set up a good looking and well functioning website with automatic payment script.
ROI went down to 2 weeks sometimes and his "bye bye referal system, I can't pay the ponzi anymore" coupon was %49
When I warned people, they called me a jerk at the forum.

BTW GAW is scam too.
 Some of their hashlets stopped paying.
I had 1 ZenHashlet (10mhs scrypt), It was paying about 5000 sats daily and
it started paying only 1 sat daily right after hashpoint conversion to XPY and XPY release.
That is definetly scam.

GAW and LTCgear has fellow cult members, I won't feel sorry for them at all.

You have Hashnest as a legit company on your list, but I have to warn you about their customer support.
It sucks and they never care to interact with their customers.
You should add a customer care evaluation in this scam measurement.

You don't get your payments at hashnest, you got no one to complain or ask for help there.
Go check their talk and see the unanswered "I didn't get paid" treads.

Be also careful about legit companies, if BTC price keeps going down and difficulty up, they might unintentionally turn into loss as well.

@Puppet

Dude, I give +5 to you. Very nice analysis, and I am happy I did not bet against your predictions. These scam mining shits are crashing at amazing rate! Good experience for those, who try everything on their skin, instead of making an intelligent decision. Sorry for those, who invested their retirement savings into these scams

what's up with hashie.co and the morse code message?

"hashie.co/scs"
"cake the cake is a lie"


it the ARG address the cake ?

WHAHAHA! Another shit scam!

Check out hashie.co Enjoy the music

http://imgur.com/VBuZeDs

OMG what a terrible mess with all these ponzi's collapsing. Thanks again Puppet for all your effort in warming people. I'm sure things would be even worse if you hadn't.

And I share your concern that it would've been better if these ponzi's collapsed much earlier. I've read trhough some of the threads of these collapsing ponzi's, and actually see some people make the comment that they don't really care that it collapses, as long as they have more then a ROI. Terrible.

It sure is a lot of drama. Good material for a book or documentary.

Its not new. The idea of using btc (or namecoins) as digital stamps for messaging services to prevent spam has been around since almost the beginning.
$10 is a bit excessive though .


Yeah, imagine my surprise 

Wow, that's a new one.. Charging to send an email... I just saw that. Hahahah man, that takes the cake. 

It looks like hashie.co has imploded as well.

Yep. You cann't open from https but from http: you can see official statement.

Thats from HashProfit

http://www.hashprofit.com/en/

Another SCAM!

Where did you get this from?

yep, It doesn't look good:

"Our service was under the most severe attack ever. Due to most specialists' holidays we've decided for a reliable safety of users' funds to suspend site's work until the first Monday of 2015 (5th of January). Everybody will return to standard work then and we'll continue our work in a usual way. Please be calm. Thank you for understanding.

To keep contact with our users and to separate priority mail from spam, we've developed mail accepting via BTC payments. For guaranteed processing of your message you'll have to pay small amount through an interface below.

We've successfully deflected serious threats and attacks on our service earlier and we're sure that together we can do this even in a situation this hard."

Ponzi schemes developed, and should be added number 8
Hashprofit now asking money for sending them a message (0.03 BTC!). And if you see there are no connection between message and payment.
You just pay and... message goes somewhere or maybe not... Don't be fooled.

I purchased hardware from Zeus, it broke (in warranty), and they have completely ignored countless emails, forum posts and pms.
It may not be a Ponzi, but Terry is definitely a scam artist.

If you had made some convincing pictures or video's and posted those I might grant them that point. I can only judge what I can check, not eye witness reports of people with (no offense) no credibility here.

I saw that you put Zeus under possible a ponzi...I live in Hong Kong and have been to Shenzhen a few times to meet Terry, the CEO of Zeus. I have seen the mining farms with my own eyes. He is definitely not a ponzi scheme.

@freakingcat

Ive always said AM(hash) made a huge error of judgment letting hashie resell their product. Amhash admitted they dont even know the identity of the operator. All they did was give credibility to a scam, a scam that even competed with them.

It would be really disappointing. After all they are/were ASCIMiner partners. Either way it is a gross mismanagement to treat their customers that way.